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SHAREHOLDER REMINDER: Deadline in Shareholder Class Action Lawsuit Filed Against Barrick Gold Corporation - ABX
RADNOR, PA / ACCESSWIRE / June 20, 2017 / The law firm of Kessler Topaz Meltzer & Check,...
About this update from Barrick Mining Corporation
[{"type":"text","content":"SHAREHOLDER REMINDER: Deadline in Shareholder Class Action Lawsuit Filed Against Barrick Gold Corporation - ABXRADNOR, PA / ACCESSWIRE / June 20, 2017 / The law firm of Kessler Topaz Meltzer & Check, LLP reminds Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) (\"Barrick Gold\" or the \"Company\") shareholders that a class action lawsuit has been filed against Barrick Gold on behalf of purchasers of the Company's securities between February 16, 2017 and April 24, 2017, inclusive (the \"Class Period\").\nREMINDER: Investors who purchased Barrick Gold securities during the Class Period may, no later than July 10, 2017, seek to be appointed as a Lead Plaintiff representative of the class. For additional information or to learn how to participate in this action, please visit https://www.ktmc.com/new-cases/barrick-gold-corporation-2017#join.\nShareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. Check, Esq., D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299-7706 or at [email protected].\nBarrick Gold is an international gold company that operates mines throughout the world. One of the Company's gold mines is the Veladero mine, located in the San Juan Province of Argentina.\nThe shareholder class action complaint alleges that Barrick Gold and certain of its senior executive officers made a series of materially false and misleading statements to investors about the Veladero mine and the Company's outlook and expected financial performance during the Class Period, including statements such as the following: \"For 2017, we expect increased production of 770,000 ounces to 830,000 ounces at all-in sustaining cost of $840 per ounce to $940 per ounce\" at the Veladero mine.\nAs further detailed in the complaint, during the Class Period the monitoring system at the Veladero mine \"detected a rupture of a pipe carrying gold-bearing solution on the leach pad.\" Subsequently, the Company disclosed that the Government of San Juan Province had placed restrictions on the Company's operations at the mine, but also assured investors that it did not \"anticipate a material impact to Veladero's 2017 production guidance\" and reaffirmed its outlook for the mine.\nThen, on April 24, 2017, Barrick Gold provided a \"Veladero Update\" to announce a downward...