Barrick reports quarterly loss after copper asset writedown

Thu Feb 14, 2013 7:05am EST
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Feb 14 (Reuters) - Barrick Gold Corp, the world's largest gold miner, reported a quarterly net loss on Thursday, after booking an impairment charge to write down the value of some of its copper, oil and natural gas assets.

The Toronto-based gold miner reported a fourth-quarter net loss of $3.06 billion or $3.06 a share. That compared with a year-earlier profit of $959 million, or 96 cents a share.

Excluding one-time items, earnings in the period were $1.11 billion, or $1.11 per share, down from $1.17 billion, or $1.17 per share, in the same period a year earlier.