Barrick gold ponders suspending Pascua Lama Project permanently HUGE NEWS FOR BOTH GOLD AND SILVER

World Silver News

RENO (MINEWEB) –

Barrick Gold is considering suspending the Pascua Lama project or developing a smaller pit on the Argentinean side of the project, among other options, Barrick officials announced Wednesday.

“At Pascua Lama, we are working to address the environmental and other regulatory requirements on the Chilean side of the project,” said Barrick CEO Jamie Sokalsky. “Concurrently, we are taking hard look at evaluating all alternatives in light of uncertainties associated with the suspension of construction in Chile

As a result of the court order, Barrick suspended construction activities in Chile, including work on the primary crusher and the Chilean side of the tunnel that moves ore from Chile to Argentina.

 Pascua Lama was supposed to bring 700,000-800,000 oz of gold and 35 million oz of silver PER YEAR! 

Barrick is contemplating on whether or not to set up and mine the smaller area located on the Argentina…

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