This is "old news" that's actually bullish. A big fine was expected and could have been a lot bigger. Construction had already been halted by the court, so that's nothing new. Moreover, now it's clear the project will be able to go forward after Barrick cleans up its act and builds the water system needed. Hoping for a short-term overreaction to buy more in the 17-18 area--well below book value.
Barrick is just one big collection of cons and liars. Pascua will never happen for them because of no titles for main ore body not enviroment issues otherwise they wouild have opened 15 years ago or so. The truth will come out then watch your stock crash.
Yeah, I know, I'm holding 6000+ shares of this POS at cost basis $32/share (and some change). Will continue holding until Pascua Lama starts production. Just egging on the shorts, as I'm considering buying more but waiting for a better price (closer to $17/share, if I can get it ... didn't buy last time it was that low).
I no longer pump this stock. My investment thesis for being here is broken ... due to the recent drop in the price of gold. I expected it to at least hold around $1550/oz. I'm a bag holder with the rest.