The law firms of Koskie Minsky LLP, Sutts, Strosberg LLP, Siskinds LLP and Groia & Company Professional Corporation are counsel in a class action against Barrick Gold Corporation (“Barrick”) and a number of its officers and directors. The claim is on behalf of all persons, other than certain persons associated with the defendants, who acquired Barrick securities during the period from October 29, 2010 to November 1, 2013 (“Class Period”).
The plaintiff alleges that throughout the Class Period, there were misrepresentations in Barrick’s public disclosure relating to Barrick’s development of the Pascua-Lama mine located on the border between Chile and Argentina. In particular, Barrick failed to disclose that certain key development activities at the Pascua-Lama mine were not in compliance with certain environmental conditions imposed by the Chilean government on Barrick’s approval to develop the Pascua-Lama Project. The purpose of these conditions was to ensure that the development and, later, the mining of the Pascua-Lama Project would have the least possible adverse impact on the community and the environment.