Title : The only bit that matters in the Barrick (ABX) NR on Pascua Lama
link : The only bit that matters in the Barrick (ABX) NR on Pascua Lama
The only bit that matters in the Barrick (ABX) NR on Pascua Lama
Right here.
"...Barrick is reclassifying Pascua-Lama’s proven and probable gold reserves of approximately 14 million ounces, which are based on an open pit mine plan, as measured and indicated resources.1 As a result, we expect to record an estimated pre-tax impairment of $429 million at Pascua-Lama in the fourth quarter of 2017. Further details will be included in Barrick’s year-end results release on February 14, 2018."
Ouch.
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