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Barrick Gold reports net loss in fourth quarter

From Reuters - February 14, 2018

(Reuters) - Barrick Gold Corp (ABX.TO) 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 worlds 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.

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