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Expected to be the largest gold mine on the planet once it's completed, *Barrick Gold*'s 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* 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* 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!
The article The Biggest Gold Mine on Earth Reported by DailyFinance 1 day ago.
Expected to be the largest gold mine on the planet once it's completed, *Barrick Gold*'s 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* 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* 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!
The article The Biggest Gold Mine on Earth Reported by DailyFinance 1 day ago.