BRIEF-Barrick Gold Q4 adjusted EPS $0.37

Thu, 13 Feb - 9:43pm

Feb 13 (Reuters) - Barrick Gold Corp ABX.TO :

* Reports fourth quarter and full year 2013 results

* Q4 adjusted earnings per share $0.37

* Q4 loss per share $2.61

* Says company anticipates 2014 gold production of 6.0-6.5 million ounces

* Q4 gold production 1.7 million ounces versus 2.02 million ounces

* Says total capital expenditures are expected to decrease by approximately 50

percent in 2014 to $2.40-$2.70 billion

* Q4 copper production of 139 million pounds versus 130 million pounds

* Anticipates higher finance costs of $800-$825 million in 2014 as a result of

the decision to temporarily suspend pascua-lama

* Q4 revenues $2.93 billion versus $4.15 billion year ago

* 2014 gold cost guidance is lowest among senior producers, with aisc expected

to be $920-$980/ounce,adj operating costs to be $590-$640/ounce

* Recorded impairment charge for pascua-lama project of $896 million due to

decision to temporarily suspend construction in Q4

* Gold reserves declined to 104.1 million ounces at the end of 2013 from 140.2

million ounces at the end of 2012

* Proven and probable gold reserves at FY end 104.1 million ounces on price of

$1,100/ounce versus 140.2 million ounces on $1500/ounce at 2012 end

* Q4 earnings per share view $0.41, revenue view $2.84 billion -- Thomson

Reuters I/B/E/S

* Quarter include $2.82 billion in impairment charges, primarily related to

pascua-lama, porgera, veladero and Australia pacific gold segment

* Ramp-down of pascua-lama on schedule for completion by mid-2014. co expects

to incur costs of about $300 million this year for ramp-down

* Source text for Eikon News Search ID:nMKWf5Gxga

* Further company coverage ABX.TO

((Bangalore Newsroom; +1 646 223 8780))

URN: 
urn:newsml:reuters.com:20140213:nASA08RX6:19
Topics: 
MNGISS US RES CMPNY CA COM PREC MINE METL EMRG BLR LEN RTRS BACT MIN GDM BMAT MTAL LATAM CL 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