Barrick Comments on Revised Pascua-Lama Sanction

Jan. 18, 2018 08:36AM PST

Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) (“Barrick” or the “Company”) is analyzing a revised sanction related to the Company’s Pascua-Lama project issued on January 17 by Chile’s Superintendencia del Medio Ambiente (SMA). The Pascua-Lama project is currently operating under a temporary closure plan in Chile. During this period, the Company has continued to manage all aspects …

The Pascua-Lama project is currently operating under a temporary closure plan in Chile. During this period, the Company has continued to manage all aspects of the project in a responsible manner.
The sanction is part of a re-evaluation process ordered by the country’s Environmental Court in 2014 and relates to historical compliance matters at the Pascua-Lama project. The revised sanction includes a reduction of the original administrative fine imposed by the SMA in 2013, from approximately $16 million to $11.5 million.

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