[back]

Barrick Gold Corporation

Period: Feb 16, 2017 to Apr 24, 2017

Lead Plaintiff Deadline: Jul 10, 2017

Summary of Case:

A securities class action has been filed against behalf of all persons who acquired Barrick Gold Corporation ("Barrick" or the "Company") securities (ABX) on behalf of all persons who acquired Barrick securities between February 16, 2017 through April 24, 2017.  This case has been filed in the USDC - New York (Southern).

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that the pipes and safety systems at the Veladero mine were not robust enough to prevent gold-bearing solution spills; (2) that, as a result, Argentinian authorities would restrict the addition of cyanide to the Veladero mine's heap leach facility and require remedial work; (3) that these developments would impact (and were impacting) the production capacity of the Veladero mine; (4) that as such, the Company's Veladero mine production guidance and total gold production guidance were overstated; and (5) that, as a result of the foregoing, Defendants' statements about Barrick's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.

Join This Action

[back]