The World's Largest Gold Mine Hits Another Snag

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.

ABX Chart

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In the video below, Fool.com contributor Doug Ehrman discusses the delay and what it could mean for the company.

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