TORONTO - The new head of Barrick Gold Corp. says he has moved swiftly to restructure the company following its takeover of Africa-focused Randgold Resources and makes no apologies for cutting the company’s Canadian footprint. Barrick Gold logo is seen during the company's annual general meeting in Toronto on Tuesday, April 28, 2015. Barrick Gold Corp. reported a loss for its fourth quarter due to problems at its Lagunas Norte and Veladero mines. Costs will, however, rise this year as Barrick winds down production at its higher-grade, low-cost Cortez Hills open pit. Analysts on average had expected an adjusted profit of five cents per share for the quarter, according to Thomson Reuters Eikon.

Source: thestar February 13, 2019 12:33 UTC