Besides receiving the highest possible fine under Chilean law, Barrick construction work has been halted.
The end to an 8-month dispute over its flagship Pueblo Viejo mine sees ABX stock retreat 2.3%.
But it said it has developed a “contingency plan” to defer capital spending if conditions in the gold market require it.
Exploration expenditures will shrink because very few investors have made any money in that sector for a couple years now.
Upcoming feasibility study and bulk sample test could prove mining legend Bob Quartermain has struck gold again with Pretivm’s Valley of the Kings discovery.
Construction activities in the Argentine side of the project won't be affected by today’s resolution.