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"The market had believed all the skeletons had been taken out of the closet, so it is...
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Thursday, November 1, 2012, 3:38 PM ET"The market had believed all the skeletons had been taken out of the closet, so it is disconcerting that we are getting these remnant pieces of bad news," a Stifel Nicolaus analyst says on Barrick Gold's (ABX -9.4%) ugly Q3. CEO Jamie Sokalsky says ABX has its "arms around" its problems and is looking at ways to increase return on capital through shelving or deferring projects and disposing of others.
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