Thursday, August 01, 2013

Barrick Gold Corporation earnings report

http://www.marketwatch.com/story/barrick-reports-second-quarter-2013-results-2013-08-01-61733138

Barrick Gold Corporation ABX -1.34% CA:ABX -4.06% (Barrick or the "company") today reported a second quarter net loss of $8.56 billion ($8.55 per share), reflecting $8.7 billion in after-tax impairment charges largely driven by significant decreases in long-term metal price assumptions following the sharp declines in spot prices in the second quarter. The total charge is comprised of: $5.1 billion for the Pascua-Lama project, $2.3 billion in goodwill impairments and $1.3 billion in other asset impairment charges.

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