Barrick Gold’s $1 Billion Buyback Eclipsed By Fourth-Quarter Loss. Stock Falls.

Barrick Gold

the Canadian miner, was declining on Wednesday as a new $1 billion share buyback program was overshadowed by a disappointing fourth quarter. 

Barrick (ticker: ABX.Canada) said it made a net loss of $735 million in the last three months of the year, or 42 cents a share. That compares with a profit of $726 million a year ago. The shares were down 1.2% at $17.60 in premarket trading.