Barrick Gold Stock Slumps on Pascua-Lama Work Stoppage

Bloomberg reported that Barrick Gold’s stock price suffered a hit on news that a Chilean court put a halt to work at its Pascua-Lama mine.

As quoted in the market report:

Barrick, based in Toronto, faces as much as $10.2 million in fines in connection with the mine, which Chile’s environmental regulator said in March has failed to comply with environmental rules. Last year, Barrick said production at the mine would be delayed to the second half of 2014 amid $5.5 billion in cost overruns.

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