Barrick Optimization Study Of The Pascual-Lama Project

 

TORONTO, ON - Barrick Gold Corporation has been studying the optimization of the Pascua-Lama project. Work to date on the pre-feasibility study for a potential underground project indicates that while the concept may be feasible from a technical standpoint, it does not meet Barrick's investment criteria. Based on this, and taking into consideration other risk factors, the Company has suspended work on the pre-feasibility study, and will focus on adjusting the project closure plan for surface infrastructure on the Chilean side of the project, in line with legal requirements. Barrick will continue to evaluate opportunities to de-risk the project while maintaining Pascua-Lama as an option for development in the future if economics improve, and related risks can be mitigated.