I'm expecting muted reaction..the market may even like that this pit is now..
permanently or semi permanently "on hold"...means less capital expenditures and more profits near term..but who knows...it is not really unknown news or really unexpected. Still mkt reaction takes this under $19 today very possible as initial move
I'm expecting the stock to remain stable or even rally. The fine has now be levied and it is liveable (16 mil).
The release merely says that construction is halted until Barrick lives up to the terms of their water purification agreement in the permit. So what's the big deal. We all knew they have to do this. The fine could have been hundreds of millions of dollars folks...