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Barrick Gold Costs Reduced

Canadian gold miner Barrick Gold Corp., said its fourth-quarter costs will be reduced

Canadian gold miner Barrick Gold Corp., said its fourth-quarter costs will be reduced by $162 million to reflect a favorable ruling over taxes owed on a Peruvian unit.

Barrick Gold, the world's third-largest gold mining company, said today, that the reduction includes $141 million of current and deferred tax liabilities and $21 million in other costs.