The Vancouver Sun reports in its Thursday edition Barrick Gold, citing massive impairment charges on mine projects in Africa and Chile, has posted another multibillion-dollar net loss. A Canadian Press dispatch to The Sun says Barrick's loss in the three months ended Dec. 31 was $2.85-billion or $2.45 per share, compared with a net loss of $2.83-billion or $2.61 per share in the same 2013 period (all figures U.S.). Revenue was $2.51-billion, down from $2.94-billion as the company sold fewer ounces of gold (1.57 million versus 1.83 million) at an average realized price of $1,204 per ounce compared with $1,272 in the 2013 quarter. The quarterly loss reflected the impact of $2.8-billion in after-tax impairment charges primarily related to the Lumwana mine in Zambia ($930-million) and the Cerro Casale project in Chile ($778-million), the company said in an earnings report issued Wednesday after markets closed. In 2015, Barrick says it intends to reduce its net debt by at least $3-billion in a move to "begin restoring our balance sheet to a position of strength." Meanwhile, the company also said it intended link compensation to performance by 35 top executives. Several well-known miners reported Wednesday.