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Barrick swings to third-quarter net loss on Zaldivar charge

Published 2015-10-28, 05:41 p/m
© Reuters.  Barrick swings to third-quarter net loss on Zaldivar charge
ANTO
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HG
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GOLD
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Oct 28 (Reuters) - Barrick Gold Corp ABX.TO swung to a
third-quarter net loss on Wednesday as it took $455 million in
impairment charges related primarily to the reclassification of
its Zaldivar copper mine in Chile as "held-for-sale."
Barrick, the world's biggest gold producer by ounces, posted
a net loss of $264 million, or 23 cents a share, in the quarter
to end-September compared with earnings of $125 million, or 11
cents a share, in the same period a year ago.
Barrick agreed in July to sell 50 percent of its Zaldivar
mine to copper miner Antofagasta Plc ANTO.L for $1 billion in
cash. urn:newsml:reuters.com:*:nL1N10A3S3

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