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

Looking for more commodities-based ideas? Download the free report "The Tiny Gold Stock Digging Up Massive Profits." The Motley Fool's analysts have uncovered a little-known gold miner they believe is poised for greatness; find out which company it is and why its future looks bright -- for free!


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

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • 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.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2486789, ~/Articles/ArticleHandler.aspx, 10/20/2014 7:39:00 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement