Barrick expects to take as much as $3 bln of impairment charges

Thu Jan 21, 2016 5:34pm EST
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Jan 21 (Reuters) - Barrick Gold Corp, the world's biggest gold producer, said on Thursday it expects to take a goodwill and asset impairment charge of as much as $3 billion.

The asset writedown is primarily related to its Pascua-Lama mining project, located on the border of Chile and Argentina, and its Pueblo Viejo project in Dominican Republic.

The company said it may have to take a goodwill impairment charge of about $1.8 billion, and asset impairment charges of $1.0-$1.2 billion, based on its preliminary analysis. (Reporting by Anet Josline Pinto in Bengaluru; Editing by Sriraj Kalluvila)