Friday, 31 May 2013

Reuters: Barrick's Pascua-Lama gold project frozen for at least 1-2 years: Chile regulator

Barrick's (ABX.TO) suspended Pascua-Lama gold project will likely be reactivated in one to two years at the earliest, given the infrastructure that needs to be built to avoid water pollution, Chile's environmental regulator told Reuters on Thursday.

Barrick's shares initially pared back their 6.14 percent rally after the news to trade 4.77 percent stronger. They then recovered to gain 6.28 percent.

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