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B.C.

Eldorado Gold writes down assets, posts US$687.6-million loss in fourth quarter

VANCOUVER – Eldorado Gold Corp. (TSX:ELD) posted a US$687.6-million net loss for the fourth quarter, as it recognized lower values for its assets and felt the impact of reduced gold prices and output. The net loss amounted to 96 cents US per share, including the $684.6 million asset impairment item. Revenue during the three months ended Dec. 31 totalled $231.7 million, down from US$350 million in the fourth quarter of 2012.

LNG companies say BC LNG tax too high, Coleman says it’s almost at sweet spot

VICTORIA – One of the first questions British Columbia’s Finance Minister Mike de Jong was asked when he introduced the Liberal government’s proposed Liquefied Natural Gas Income Tax as part of last week’s budget, was how oil and gas companies would react to paying a tax that could top out at seven per cent.