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.
Looking beyond this single project, gold has outshined the stock market with strong returns since 2000, but more recently has given way to big declines. The Motley Fool's new free report, "The Best Way to Play Gold Right Now," dissects the recent volatility and provides a guide for gold investing. Click here to read the full report today!