Barrick loses $3 billion in fourth quarter
Feb 14, 2013 | 04:56 PM
| Suzy Waite
Tags
Barrick Gold,
copper,
gold,
Lumwana,
Jamie Sokalsky,
earnings report,
Suzy Waite
NEW YORK — Barrick Gold Corp. posted a net loss of just over $3 billion in the fourth quarter in contrast to net income of $959 million in the same period a year earlier despite an 11.4-percent increase in sales to $4.19 billion.
The Toronto-based company attributed the loss in large part to an after-tax impairment charge of $4.2 billion primarily related to its copper business.....
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