Barrick Gold Corporation is a Canadian mining company that produces gold and copper with 16 operating sites in 13 countries.

According to the law firm press release, the Complaint filed in this action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that the pipes and safety systems at the Veladero mine were not robust enough to prevent gold-bearing solution spills; (2) that, as a result, Argentinian authorities would restrict the addition of cyanide to the Veladero mine’s heap leach facility and require remedial work; (3) that these developments would impact (and were impacting) the production capacity of the Veladero mine; (4) that as such, the Company’s Veladero mine production guidance and total gold production guidance were overstated; and (5) that, as a result of the foregoing, Defendants’ statements about Barrick’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

On October 4, 2017, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. The consolidated cases shall be identified as: In re Barrick Gold Corporation Securities Litigation. Lead Plaintiff filed a consolidated amended Complaint on December 4. Defendants filed a Motion to Dismiss the consolidated amended Complaint on February 2, 2018. On September 20, the Court issued an Order granting Defendants' Motion to Dismiss, dismissing the case with prejudice.