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Barrick Gold suffers $4.2 billion writedown

Cecilia Jamasmie | February 14, 2013 | 2:54 pm Base Metals Precious Metals Canada Europe Latin America Copper Gold Silver 

Canada’s Barrick Gold (NYSE:ABX)(TSX:ABX) suffered a huge loss for the fourth quarter, triggered by soaring costs at its Lumwana copper mine in Zambia, which it acquired two years ago when prices for the red metal were sky-high. Copper prices have...

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