Barrick’s adjusted earnings rise 17%
October 29, 2009 by goldguru · Leave a Comment
The world’s biggest gold miner, Canadian Barrick Gold, on Thursday reported a big net loss for the third quarter, essentially because of a $5,7-billion accounting charge related to the company’s announcement that it will eliminate its gold hedges.
The firm lost $5,4-billion, compared with a $254-million profit a year earlier.
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