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Barrick Misses Again, With Higher Costs
Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) reported higher production in the fourth quarter when it released preliminary results, though full-year gold production missed the company's guidance; copper came in right at the lower end after missing fourth-quarter guidance. Costs for the quarter, however, are expected to come in meaningfully higher, particularly for gold, notwithstanding the higher production, though Barrick has not provided precise numbers yet, nor has it provided any guidance for the coming year. Separately, Barrick is now downplaying reported discussions with First Quantum Minerals Ltd. (FM:TSX; FQM:LSE) ... (full story)