The Financial Post reported that the halting of production at Barrick Gold Corp.’s (TSX:ABX,NYSE:ABX) Pascua-Lama mine is continuing to cause problems for the company, with JPMorgan Chase & Co. (NYSE:JPM) downgrading the company’s stock.
As quoted in the market report:
Having some of the industry’s biggest mines, Barrick has been most exposed to capital spending overruns and is still in growth mode,” Mr. Bridges said.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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