Even given some of the good news coming out of the gold sector recently – including dovish comments from the Fed and positive news from both Newmont Mining (NYSE:NEM) and Gold Fields (NYSE:GFI) – Barrick Gold (NYSE:ABX) has been unable to avoid further delays at Pascua-Lama. The stock has traded higher along with its peers, but investors should still maintain a cautious view. When complete, the mine is expected to be the largest gold mine in the world, which will only be meaningful when it is functional.
In the video below, Fool.com contributor Doug Ehrman discusses the delay and what it could mean for the company.
Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.