Barrick reports big loss on impairment charge

Thu Feb 13, 2014 6:50am EST
 
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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.