Barrick Gold Cuts Staff, Sells Mines Amid Steep 2014 Losses, Puts 2015 Capex at About $2 Billion

SUGAR LAND--February 20, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Barrick Gold Corporation (NYSE:ABX) (Toronto, Ontario), the largest gold-mining company in the world, recorded steep losses in 2014 following a $930 million writedown on its Lumwana mine in Zambia, which is poised to close, and a $778 million impairment on its Cerro Casale mine in Chile, which has suffered from low metal prices. Industrial Info is tracking $2.15 billion in active projects involving Barrick.

Within this article: Details on Barrick's quarter and projects, including the expansion of a major gold mine in Nevada.