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.
07/29 BARRICK GOLD : Why 'Mother' Barrick Gold Needs to be Rid of 'Daughter' Acacia Mi..
07/29 BARRICK GOLD : Gold miners keep chipping at costs, debt even as profits climb
07/28 BARRICK GOLD : May Sell Majority Stake in Acacia Mining
07/28 BARRICK GOLD : meets 2Q profit forecasts
07/27 BARRICK GOLD : Reports Second Quarter 2016 Results
07/27DJBARRICK GOLD : Higher Gold Prices Helps Barrick Post Gain
07/27 BARRICK GOLD : Announces Dividend
07/27 BARRICK GOLD : Announces Dividend
07/27DJBARRICK GOLD : Higher Gold Prices Helps Barrick Post Gain
07/26 EXCLUSIVE - BARRICK GOLD WEIGHS SALE : sources
More news
Sector news : Gold Mining
07/27 RANDGOLD RESOURCES : flagship Mali mine on track to beat production guidance
07/25DJLONDON MARKETS : FTSE 100 Turns Lower As Oil, Mining Shares Struggle
07/25DJLONDON MARKETS : FTSE 100 Turns Lower As Oil, Mining Shares Struggle
07/25DJLONDON MARKETS : FTSE 100 Clings To Thin Gain As Banks Drift Lower
07/24DJNEWCREST MINING : Annual Gold Output Slightly Higher
More sector news : Gold Mining
News from SeekingAlpha
07/30 WEEKEND READING : What Gold Bubble?
07/30 What Can We Learn From The Gold Majors' Largest Mines
07/29 YAMANA GOLD : Time To Sell?
07/29 Barrick Gold's Conviction Buy rating reiterated at Goldman
07/29 GOLDCORP : Good Time To Buy
Advertisement
Financials ($)
Sales 2016 8 418 M
EBIT 2016 2 340 M
Net income 2016 473 M
Debt 2016 6 551 M
Yield 2016 0,42%
P/E ratio 2016 41,08
P/E ratio 2017 24,06
EV / Sales 2016 3,81x
EV / Sales 2017 3,55x
Capitalization 25 499 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
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 21,4 $
Spread / Average Target -2,4%
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.166.20%25 499
NEWMONT MINING CORP144.58%23 346
NEWCREST MINING LIMITE..90.75%14 378
AGNICO EAGLE MINES LTD102.67%13 071
SAUDI ARABIAN MINING C..--.--%11 062
SHANDONG GOLD MINING C..122.67%9 822
More Results