By Clare Clancy
The Canadian Press
Barrick Gold is facing yet another class-action lawsuit from a group of investors as the Canadian mining giant struggles to adjust to faltering metal prices.
The lawsuit filed by a New York law firm focuses on one of Barrick’s South American mines.
The suit alleges Barrick violated federal securities laws by making false and misleading statements, and by concealing information related to the cost and development schedule for its Pascua-Lama project.
The project sits on the border of Argentina and Chile and is described on Barrick’s website as “one of the world’s largest gold and silver resources.”