Barrick Gold has flagged an impairment relating to its troubled Pascua-Lama project on the border between Argentina and Chile.
Last month, Chile’s Superintendencia del Medio Ambiente (SMA) ordered the closure of existing infrastructure on the Chilean side of the Pascua-Lama project, on historical environmental compliance grounds.
Barrick is appealing the resolution on a number of grounds, including on the basis that the sanction is disproportionate to actual environmental impacts.
The company has been considering an underground block cave operation at Pascua-Lama, which it said would not require the Chilean surface infrastructure.
Barrick has decided to reclassify ...