Stock Market
Barrick Gold’s $1 Billion Buyback Eclipsed By Fourth-Quarter Loss. Stock Falls.
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Barrick Gold
the Canadian miner, was declining on Wednesday as a new $1 billion share buyback program was overshadowed by a disappointing fourth quarter.
Barrick (ticker: ABX.Canada) said it made a net loss of $735 million in the last three months of the year, or 42 cents a share. That compares with a profit of $726 million a year ago. The shares were down 1.2% at $17.60 in premarket trading.
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