Home » BLOG » Barrick Gold Corp to face U.S. class-action lawsuit over Pascua-Lama mine project

Barrick Gold Corp to face U.S. class-action lawsuit over Pascua-Lama mine project

Barrick Gold's now halted Pascua-Lama gold-mine project on the border of Argentina and Chile.

A federal judge on Wednesday granted class certification for a U.S. class-action lawsuit filed against Barrick Gold Corp claiming Barrick misstated facts of their now halted Pascua-Lama gold-mine project on the border of Argentina and Chile.

The class certification means the world’s largest gold producer will have to face the U.S. lawsuit.

U.S. District Judge Shira Scheindlin in Manhattan said that shareholders who purchased Barrick shares from May 7, 2009 through Nov. 1, 2013 really are a area of the class-action lawsuit.

Investors who bought Barrick’s common stock during this period have said Barrick touted Pascua-Lama as a world-class project even while it became clear that the project would miss expectations.

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