"Barrick said the $1.69-billion acquisition will increase its share of proven and probable reserves by 4.6 million ounces to 11.5 million ounces and of measured and indicated mineral resources by 1.4 million ounces to 3.5 million ounces. "

It looks like Barrick paid $ 282 per ounce for the 6 million ounces ..

" Cash costs came in at $375 an ounce, compared with $287 in the last quarter of 2006."

"It said gold production cash costs will likely rise to $390 to $415 an ounce, mostly because of higher energy costs, lower by-product silver credits from its Eskay Creek mine, higher gold-price related costs and inflation."

It also looks like Barricks cash costs per ounce are going out of control .