Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Barrick Gold Corp.    ABX   CA0679011084

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Barrick Gold Corp. : Digging work suspended at Barrick's Pascua Lama mine

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2012 | 09:59pm CEST

Barrick Gold Corp, the world's biggest gold producer, said on Saturday it had halted earth-moving works at its Pascua Lama mine on the Chile-Argentina border following concerns about the health of workers at the site high in the Andes.

Inspectors from the Chilean Mining Ministry's Sernageomin geology unit ordered the suspension of excavation works at the site on the grounds that excessive dust might pose a health risk, La Tercera newspaper reported.

The newspaper said all construction work at the site had been suspended, but Barrick said later that the order from officials applied only to earth-moving operations and that other construction activities continued.

"We voluntarily decided to stop earth-moving work, including pre-stripping activities, on Saturday, October 27," the company said in a statement, adding that measures had been put in place in an effort to resolve the dust problem.

"These decisions were made prior to the notification we received from the authorities on October 31," it added, without saying how long the disruption could last.

No one at Sernageomin could immediately be reached to comment.

The delay to work at the site is the latest in a series of setbacks at the vast mine.

Earlier this month, Barrick again raised its cost estimate for building the mine to between $8 billion and $8.5 billion from an earlier budget of $7.5 billion to $8 billion. It also pushed back the date when production at the project will begin.

The company blamed the increase on delays and higher labor and project-management costs.

(Reporting by Felipe Iturrieta; Writing by Helen Popper; Editing by Peter Cooney)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BARRICK GOLD CORP.
09/17 BARRICK GOLD : Announces Temporary Suspension of Operations at Veladero Mine
09/16 Shining Bright in an Unstable Gold Market
09/16 ACACIA MINING : Is the UN All Talk or Do They Really Care About Human Rights?
09/16 BARRICK GOLD CORPORATION : - Temporary Suspension of Operations at Veladero Mine
09/15 BARRICK GOLD : President Michael J. Brown Elected to NCJFCJ Board of Directors
09/15 BARRICK GOLD : suspends operations at mine in Argentina after leak
09/15 NULEGACY GOLD CORPORATION : - Avocado Discovery Confirmed as Carlin-Type Gold De..
09/15DJBARRICK GOLD : Operations at Argentina Mine Suspended
09/15DJBARRICK GOLD : Operations at Argentina Mine Temporarily Suspended
09/15 BARRICK GOLD : Veladero mine in Argentina temporarily suspends operations
More news
Sector news : Gold Mining
09/22DJSolGold Gets Favorable Cash Investment Proposal from Maxit Capital
09/19DJPT Medco Energi to Buy Oil-and-Gas Stake in Indonesia
09/18DJNEWCREST MINING : Offloads Stake in PNG Mine to Partner Harmony Gold
08/31 FTSE posts third straight month of gains
08/31DJForeign Miners Back Off Operations in Indonesia -- WSJ
More sector news : Gold Mining
News from SeekingAlpha
09/28 Barrick's Veladero Gold Mine May Be Back Up And Running End Of Week
09/28 BARRICK GOLD : Buy The Dip
09/28 Argentina judge set to rule on suspended Barrick mine
09/28 Key Takeaways From Barrick Gold's Earnings Call
09/26 The Great News For Gold Miners
Advertisement
Financials ($)
Sales 2016 8 597 M
EBIT 2016 2 435 M
Net income 2016 512 M
Debt 2016 6 603 M
Yield 2016 0,54%
P/E ratio 2016 30,95
P/E ratio 2017 17,20
EV / Sales 2016 3,21x
EV / Sales 2017 2,96x
Capitalization 21 020 M
More Financials
Chart BARRICK GOLD CORP.
Duration : Period :
Barrick Gold Corp. Technical Analysis Chart | ABX | CA0679011084 | 4-Traders
Full-screen chart
Technical analysis trends BARRICK GOLD CORP.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 22,0 $
Spread / Average Target 22%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kelvin Paul Michael Dushnisky President & Director
John Lawson Thornton Non-Independent Chairman
Richard J. Williams Chief Operating Officer
Catherine P. Raw Chief Financial Officer
Basie Maree Chief Technical Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BARRICK GOLD CORP.120.26%21 020
NEWMONT MINING CORP117.95%20 805
NEWCREST MINING LIMITE..77.18%13 120
AGNICO EAGLE MINES LTD92.08%12 395
SAUDI ARABIAN MINING C..--.--%9 223
SHANDONG GOLD MINING C..84.86%8 046
More Results