27-10-2016 00:09 via news.yahoo.com

Barrick earnings climb but miner keeps lid on costs

By Susan Taylor TORONTO (Reuters) - Barrick Gold Corp , the world's largest producer of bullion, reported a bigger quarterly profit on Wednesday, reflecting higher gold prices and lower costs, while cutting its 2016 production costs and lifting its output. Toronto-based Barrick, which has been selling off non-core assets and using cash flow to pay down debt, said profits were lifted by lower fuel and energy costs, smaller exploration and project spending, foreign exchange gains and the sale of h
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