07:38:45 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,165,774,844
Close 2017-05-08 C$ 22.28
Market Cap C$ 25,973,463,524
Recent Sedar Documents

Globe/wire say Barrick seen as negligent in Argentina

2017-05-09 08:18 ET - In the News

The Globe and Mail reports in its Tuesday edition that Barrick Gold failed to complete improvements to the Veladero mine in Argentina that could have prevented the third spill of cyanide solution in 18 months, leading to eventual sanctions for the miner, a judge told Reuters. The news service says that Barrick appears to have missed deadlines on three orders from local authorities, including replacing pipes, before the March 28 spill, said Pablo Oritja, the judge overseeing cases related to Veladero in the nearby town of Jachal, where "Barrick out" graffiti lines the streets. "If they had changed pipes as ordered, the decoupling [of pipes] would not have occurred," Judge Oritja said. The findings "will eventually end in sanctions against the company," he added. The investigation into past negligence, along with the provincial government's review of Barrick's mine-improvement plan, could delay the Canadian company's goal of restoring one of its top mines worldwide to normal production in June. Barrick closed Friday at $22.06, up five cents on the Toronto Stock Exchange.

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