Barrick reports big loss on impairment charge

Thu, 13 Feb - 9:50pm

TORONTO, Feb 13 (Reuters) - Miner Barrick Gold Corp reported a big fourth-quarter loss on Thursday as it took $2.82 billion in after-tax impairment charges, including $896 million for its troubled Pascua-Lama project.

The world's largest gold miner said its net loss had narrowed to $2.83 billion, or $2.61 a share, from $3.01 billion, or $3.01 a share, a year earlier, when it also took a large impairment charge.

Revenue dropped to $2.93 billion from $4.15 billion as the price of gold fell sharply.

(Reporting by Allison Martell; Editing by Lisa Von Ahn)

((allison.martell@thomsonreuters.com)(+1 416 941 8196)(Reuters Messaging: allison.martell.thomsonreuters.com@reuters.net))

Keywords: BARRICK RESULTS/

URN: 
urn:newsml:reuters.com:20140213:nL2N0LH29H:3
Topics: 
RES GB EUROP CMPNY CA PREC COM MINE METL LEN RTRS BACT PREMTL MIN GDM WEU BMAT GOL EUROPE MTAL AMERS

Contact Us

Due to the security nature of our business, personal meetings are only by pre-arranged appointment.
Phone at any time on

1300 987 995

info@ausmint.com