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Pascua-Lama Operational Halt Causes JPMorgan to Downgrade Barrick Gold
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.
