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The Biggest Gold Mine on Earth

Expected to be the largest gold mine on the planet once it's completed, Barrick Gold's (NYSE: ABX  ) Pascua-Lama mine recently saw the Chilean government halt construction. The company reports that it expects to put a comprehensive water management plan in place, but the extent of the delays remains unknown. Partner Silver Wheaton (NYSE: SLW  ) is anxious to see the project resume forward motion, as it has a significant stake in the outcome. In the interim, low-cost gold miners such as Goldcorp (NYSE: GG  ) may benefit from the delays.

In the following video, contributor Doug Ehrman discusses the stoppage, the response from the company, and some of the expected impacts of getting the project back on track.

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Read/Post Comments (2) | Recommend This Article (4)

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  • Report this Comment On June 12, 2013, at 9:04 PM, skypilot2005 wrote:

    No transcript. No REC.

  • Report this Comment On June 14, 2013, at 7:33 AM, autoinsider wrote:

    Another clueless article. It's all about BRIBES, Motley, you Fool. When Barrick pays off the right politicians, the mine will go forward. Amazing how supposedly intelligent people are so easily flamboozled by internet drivel. The writers really need to get out and live somewhere else than in the cocoon called the United States.

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Related Tickers

9/26/2016 4:00 PM
ABX $17.92 Down -0.19 -1.05%
Barrick Gold CAPS Rating: ***
GG $16.43 Down -0.23 -1.38%
Goldcorp CAPS Rating: ***
SLW $27.54 Down -0.28 -1.01%
Silver Wheaton CAPS Rating: ****