Canadian Mining Journal

News

GOLD: US judge okays class action against Barrick regarding Pascua-Lama



UNITED STATES – A U.S. District judge ruled on March 23 that a class action lawsuit against Toronto’s Barrick Gold may proceed. The company is accused of distorting facts related to the Pascua-Lama gold project that straddles the border of Argentina and Chile.

Barrick shareholders who made their investments between May 7, 2009 and Nov. 1, 2013, allege that the company repeatedly and knowingly misled them about whether the project complied with environmental regulations.

The $8.5 billion Pascua-Lama development was halted in 2013 when the Chilean court found Barrick to be in violation of several environmental laws and levied a $16-million fine.

Barrick maintains information about Pascua-Lama on its website. Please visit www.Barrick.com.