Barrick Gold Announces Restrictions At Veladero Mine Heap Leach Facility

(RTTNews) - Barrick Gold Corp.(ABX, ABX.TO) said that the Government of San Juan province, Argentina, has temporarily restricted the addition of cyanide to the Veladero mine's heap leach facility pending the verification that remedial works have been completed. The company is working to complete this remediation as quickly as possible.

On the evening of March 28, the monitoring system at Veladero detected a rupture of a pipe carrying gold-bearing solution on the leach pad. All solution was contained within the operating site; no solution reached any diversion channels or watercourses. The company promptly notified San Juan provincial authorities, who inspected the site on March 29.

The company noted that the incident did not pose any threat to the health of employees, communities, or the environment.

At this time, it does not anticipate a material impact to Veladero's 2017 production guidance, Barrick Gold said.