17:19:10 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,778,068,071
Close 2020-09-18 C$ 38.02
Market Cap C$ 67,602,148,059
Recent Sedar Documents

FP/wire say Barrick submits to closing Pascua-Lama

2020-09-21 09:18 ET - In the News

The Financial Post reports in its Saturday edition that Barrick said on Friday that it would not appeal a Chilean court's ruling to uphold the closure order on the Chilean portion of its Pascua-Lama project imposed by the country's environmental regulator and the sanctions on its unit. A Reuters dispatch to the Post says that the project, which straddles the border between Chile and Argentina, was put on hold in 2013 over environmental issues, political opposition, labour unrest and development costs that swelled to $8.5-billion (U.S.). The miner said Pascua, the Chilean portion, would now be transitioned from care and maintenance to closure in accordance with the environmental court's decision. In its ruling dated Sept. 17, the court said the company had failed to implement a set of measures to strictly comply with its environmental licence. It also maintained its earlier fine of more than seven billion pesos ($9.2-million (U.S.)). Chile's environmental regulator in 2018 ordered Barrick to definitively close the Chilean side of its stalled Pascua-Lama mining project. However, the country's supreme court in March, 2019, cancelled the order on procedural grounds. Barrick closed Friday at $38.02, down 16 cents.

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