BIG TROUBLE AT PASCUA LAMA??
Pascua Lama is one of Barrick’s largest gold and silver mines that is slated to be in commercial production by mid 2013. Harvey believes Pascua Lama should have been in commercial production several years ago, but the problems associated with Glaciers have kept them from doing so.
http://www.silverdoctors.com/b…ion-ounce-silver-problem/
I also believe there is bad news coming out of Pascua Lama. Again, this represents 25% of Barrick’s gold reserves and if Pascua Lama is not allowed to go commercial, it would be disastrous for Barrick’s stock price, balance sheet and contractual obligation to supply Silver Wheaton 170-200 million ounces of silver.
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Jorge claims that Barrick, in cahoots with criminal bank HSBC, has sold millions of ounces of Pascua Lama gold into the market, while to date, never having mined a single ounce of gold from the property.
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http://www.silverdoctors.com/d…ims-against-barrick-gold/
March 11, 2013 at 11:12 AM
If this is the same property that was shut down last year because the glacier that covered the gold is a water source for Angentinian farmers, Barrick presold 200 MOZ of silver to finance the operations and someone’s wanting to get paid. If it was Silver Wheaton or another royalty streamer that funded the work in return for $4 silver, there’s going to be serious problems, not just the issue of a mine owner who partnered up with Barrick. whether its water or the rights of a local miner, this project is a sucking black hole for Barrick for years
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