February 14, 2018 / 10:25 PM / 2 years ago

Barrick Gold reports net loss in fourth quarter

Feb 14 (Reuters) - Barrick Gold Corp reported a fourth-quarter net loss on Wednesday compared to a profit a year earlier as it wrote down the value of unmined gold at a stalled project in South America after its plans for how to develop the mine changed.

Barrick, the world’s biggest gold producer by ounces, reported a net loss of $314 million, or a loss of 27 cents a share, in the quarter to end-December from a profit of $425 million, or 36 cents a share, in the same period a year ago. (Reporting by Nicole Mordant in Vancouver; Editing by James Dalgleish)

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