CNBC reported that Barrick Gold has reported a $3.06 billion fourth-quarter loss due to copper mine write downs.
As quoted in the market report:
The Canadian mining company also said it doesn’t have plans for any new mines, citing the current “challenging environment.” In addition it won’t go forward with an expansion project at its Lumwana copper mine, pointing to impairment charges and higher-than-expected costs.
Is the “looming copper supply crunch” fact or fiction? It’s time to debunk a few industry myths.Learn everything an investor needs to know about copper supplies and demands. Click below to download a FREE industry report on copper investing.
Send me the report!
Click here to download for free