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popeyej

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popeyej

Re: None

Thursday, 05/03/2007 8:39:24 AM

Thursday, May 03, 2007 8:39:24 AM

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"Barrick reported a net loss of $159 million (U.S.) in the first quarter – its first quarterly loss in five years – after taking a hit of $557 million to unwind its hedge book.

Barrick is now free to sell all production from its 27 mines at spot prices. Gold fell by $2.10 to close at $672.30 yesterday in New York".
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