June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

UPDATE 1-Argentina judge lifts restriction on Barrick mine -radio

Published 2017-06-15, 02:12 p/m
© Reuters.  UPDATE 1-Argentina judge lifts restriction on Barrick mine -radio
GOLD
-
600547
-

(Adds details on spill, regulatory response, production/cost) impact)

BUENOS AIRES, June 15 (Reuters) - A judge told a radio station in the Argentine province of San Juan that he had lifted a suspension on leaching operations at Barrick Gold Corp's ABX.TO Veladero mine on Thursday.

Judge Pablo Oritja said on Radio Light F.M. that he understood Barrick had finished all required work following its third cyanide spill in 18 months and had ordered an end to restrictions put in place in late March. Barrick spokesman in Argentina said the company had not been notified formally.

Regulators suspended the addition of cyanide to Veladero's leach pad processing operation and told Barrick to overhaul environmental practices and operations at the mine following a March 28 spill when a pipe carrying cyanide solution failed. the world's largest gold producer, slashed its forecast for Veladero output and hiked its estimated production costs in April. also lowered its forecast for total 2017 gold production in the first quarter, largely reflecting the sale of a 50-percent stake in Veladero to Shandong Gold Mining Co Ltd 600547.SS for $960 million. is Argentina's largest gold mine and one of Barrick's five core mines.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.