Barrick posts steep fall in profit on weak gold prices, lower output

Wed Apr 30, 2014 6:55am EDT
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April 30 (Reuters) - Barrick Gold Corp , the world's largest gold miner, reported a 90 percent fall in quarterly earnings, hurt by lower gold prices and production.

Net earnings attributable to shareholders fell to $88 million, or 8 cents per share, in the first quarter ended March 31, from $847 million, or 85 cents per share, a year earlier.

Revenue fell about 23 percent to $2.63 billion. (Reporting by Ashutosh Pandey in Bangalore; Editing by Sriraj Kalluvila)