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.

To view the whole Financial Post report, click here.