Barrick Gold Corporation (USA)(NYSE:ABX) reported that it filed an updated technical report on EDGAR and SEDAR for its Lagunas Norte mine based in Peru. The report ropes the disclosure enclosed in Barrick’s PR of August 5, 2015, reporting the completion of an initial Economic evaluation on the “Refractory Material Mine Life Extension” Plan at Lagunas Norte.
The news
In unrelated news, Barrick Gold reported that a cyanide carrying pipe at Veladero gold mine witnessed a leak and valve failure resulting in a brief disruption in operations. The company confirmed that there was no harm done to any of worker or on the surrounding river due to the incident.
As per the news, the new valve had been deployed and the incident is being investigated. Barrick Gold Corporation (USA)(NYSE:ABX) reported that leak was noticed immediately following which the faulty valve was closed in no time. The production was halted so that no harm was done to participant. Veladero comes in the group of the largest gold mines located in Argentina.
The highlights
In unrelated news, the company disclosed that it has been once again featured in the world-recognized Dow Jones Sustainability World Index. This accomplishment comes for the eighth year in a row. Kelvin Dushnisky, the President of Barrick stated that they are fortunate to be added in this index in this year.
It suggests that the company is strictly following the values that have prompted the company to success since inception. The list of values includes like social responsibility, the pursuit of excellence, trust and transparency and accountability. These values forms strong platform for success and it helps company to create robust partnerships with employees, governments and host communities.
The Dow Jones Sustainability Index chose the companies on various parameters like governance and social performance. It evaluates industry-specific as well as sustainability issues in many other sectors.
