IKN

Every why hath a wherefore

Barrick (ABX) 4q14 results

Put down that copy of War and Peace, set aside Infinite Jest for one evening, settle down in your fave easy chair and get ready for today’s loooong read News Release. Right here.
And of course, eight bullet points to wade through before we get to the U$2.85Bn 4q14 loss, due to the flagged impairments at Lumwana and Cerro Casale. Knew they were coming, Thornton, fret ye not. But what follows that is more than interesting, it’s ABX laying its cards on the table.

And this:

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