The Globe and Mail reports in its Thursday edition that Barrick Gold posted a drop in third-quarter adjusted profit and revenue on Wednesday, hit by lower prices for gold and copper alongside higher fuel costs. A Reuters dispatch to The Globe says that adjusted net earnings for the quarter ended Sept. 30 were $89-million, or eight U.S. cents a share, compared with $200-million, or 17 U.S. cents a share, in the same three-month period a year ago. That beat the five-U.S.-cent-a-share adjusted profit that analysts, on average, had expected, according to Refinitiv. On a net basis, Barrick lost $412-million, or 35 U.S. cents a share, reflecting a $405-million impairment charge for a processing project at its Lagunas Norte mine in Peru that it will not advance. Revenue of $1.8-billion fell from $1.99-billion in the same period last year. Barrick lowered its forecast for 2018 administrative costs to $235-million from $275-million. In July, the company took $28-million in severance charges as it reduced jobs outside mine operations from roughly 780 at the end of 2017, toward a target of 300. Barrick's Q3 financials were released after market close Wednesday.