Net Profit Falls for African Barrick Gold

Bloomberg reported that African Barrick Gold’s (LSE:ABG) profit dropped in fourth quarter on increased costs and lower production.

As quoted in the market news:

Net income declined to $52.7 million from $79 million a year earlier, the London-based company said today in a statement. This year’s production target is 675,000 to 725,000 ounces. The shares dropped the most in four months.

Click here to read the full Bloomberg report.