Mr. Daniel Oh reports
BARRICK GOLD CORPORATION: TEMPORARY SUSPENSION OF OPERATIONS AT VELADERO MINE
The government of San Juan province, Argentina, has temporarily suspended operations at Barrick Gold Corp.'s Veladero mine, pending further inspections of the mine's heap-leach area. The company will work with provincial authorities to confirm the integrity and safety of the heap-leach facility as quickly as possible, beginning today.
The safety of people and the environment remains Barrick's top priority at Veladero. On Sept. 8, 2016, a pipe carrying process solution in the heap-leach area was damaged when it was struck by a large block of ice that had rolled down the heap-leach valley slope. A small quantity of solution left the leach pad as a result. No solution from this damaged pipe reached any water diversion channels or watercourses and the impacted area in the leach valley has now been remediated. The incident did not pose any threat to the health of employees, communities or the environment.
Environmental monitoring of surface and subsurface water has been intensified, and no anomalies have been detected.
At this time, the company does not anticipate any material impact to Veladero's 2016 operating guidance.
We seek Safe Harbor.
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