Barrick Gold Corp reports a quarterly loss

Tue Apr 26, 2016 7:25am EDT
 
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April 26 (Reuters) - Barrick Gold Corp, the world's largest gold producer, reported a quarterly loss, compared with a year-earlier profit, as asset sales weighed on production and realized prices fell.

The company reported a net loss of $83 million, or 7 cents per share, in the quarter ended March 31, compared with a profit $57 million, or 5 cents per share, a year earlier.

Revenue fell about 14 percent to $1.93 billion.

(Reporting by Arathy S Nair in Bengaluru and Nicole Mordant in Vancouver; Editing by Ted Kerr)