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Barrick Gold hikes payout 33pc
■ Barrick Gold, the world’s biggest gold miner by output, yesterday raised its dividend by 33 per cent as it reported a higher quarterly profit. Barrick reported net income of $1.03bn, or $1.03 a share in the quarter ended 31 March, up from $1bn, or $1 a share, a year earlier. Barrick said its average realised gold price for the first quarter was $1,691 per ounce, up more than 20 per cent on a year ago.