Barrick Gold Corp (NYSE:ABX) has announced that it will take a $300 million charge in the fourth quarter of 2009. The charge is related to the unwinding of the gold hedges. The company also announced that it expects gold production for 2010 to be at 7.7 million to 8.1 million ounces.
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Barrick Gold Corporation produces and sells gold, in addition to related activities such as exploration and mine development. The company also produces copper and holds interested in platinum group metals development project as well as nickel development in Africa. The company also holds interest in a platinum group metals project in Russia.
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