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Company News

Barrick Gold reports net loss, Tanzania export ban hurts

VANCOUVER, Oct 25 (Reuters) - Barrick Gold Corp, the world’s largest gold miner by production, reported a third-quarter net loss on Wednesday, reflecting lower production and a weaker gold price as well as the impact of an export ban on its Tanzanian unit.

The Toronto-based miner, which also produces some copper, reported a net loss of $11 million, or 1 cent a share, for the quarter ended Sept. 30. That compared with net earnings of $175 million, or 15 cents a share in the same three-month period a year ago. (Reporting by Nicole Mordant in Vancouver; editing by Grant McCool)

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