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Re: GOLDEN post# 18471

Wednesday, 12/04/2013 12:01:32 AM

Wednesday, December 04, 2013 12:01:32 AM

Post# of 30013

This was on seeking alpha today....

Barrick Gold's CEO Presents at Scotiabank Mining Conference 2013 (Transcript)
Tuesday, December 3, 5:49 PM ET | About: ABX
Barrick Gold Corporation (ABX)

Scotiabank Mining Conference 2013

December 03, 2013 12:45 PM ET

Executives

Jamie Sokalsky - President and CEO

Analysts

Tanya Jakusconek - Scotiabank

Presentation

This is one paragraph from the rather large presentation a update from the CEO....

Let me talk a little bit about Pascua-Lama and the decision to suspend. This project has been a top priority for Barrick and at the same time it has been our biggest challenge, as I think everyone knows. It is the right thing to do, particularly in this current price environment but also as a result of some of the other regulatory and legal challenges we have. All options with respect to this project, I’ve always said remained on the table. And this suspension is going to allow us to really recalibrate the project and allow us to get the timing and the uncertainty behind with some of the permits that we have and also some of the legal matters that are out there. We won the Supreme Court case. There are few other legal challenges there.

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