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Barrick $5.5bn writedown to cut net worth 40 per cent, causing potential credit concerns

MINING.com Editor | July 09, 2013 | 6:50 pm Precious Metals Latin America Gold Silver 

Barrick Gold's (NYSE: ABX) expected asset writedowns of $5.5 billion on the Pascua Lama project in Chile would slash the company's net worth by roughly 40%, shrinking its credit facility 'cushion' to $4.1 billion, Bloomberg reported Tuesday. The company needs to...

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