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

Published 2016-01-21, 05:34 p/m
© Reuters.  Barrick expects to take as much as $3 bln of impairment charges
GOLD
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Jan 21 (Reuters) - Barrick Gold Corp ABX.TO , 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.

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