Barrick Gold Corp. (NYSE: ABX, TSX: ABX) late Wednesday reported a net loss of $412 million, or 35 cents per share, compared to a loss $11 million, or a penny, in the third quarter of 2017.
Sad article about how much money Barrick is making, or should I say losing. I've bought plenty of gold and mining stocks in the past, but I'm throwing in the towel. It's just too hard of a business to make money in. And the stocks are always getting diluted with financings, so it's even harder to make money in them.
Read the full story here....
https://www.kitco.com/news/2018-10-24/Barrick-Reports-405-Impairment-Charge-For-Peru-Mine-In-Q3-Earnings.html
Gold about $1230 right now
gold about $520 now
I'm quoting per ounce price, not sure what you're quoting :)