NEW ORLEANS, June 30, 2017 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until July 10, 2017 to file lead plaintiff applications in a securities class action lawsuit against Barrick Gold Corporation (NYSE:ABX), if they purchased the Company’s securities between February 16, 2017 and April 24, 2017, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
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About the Lawsuit
Barrick Gold and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the internal safety framework at the Veladero mine was not adequate for preventing gold-bearing chemical spills; (ii) as a result, local authorities would restrict the addition of cyanide to the Veladero mine’s facility and require corrective work; (iii) these complications would have a detrimental effect on the production capacity of the Veladero mine; (iv) as such, the Company’s Veladero mine production guidance and total gold production guidance were overstated; and (v) as a result of the foregoing, Barrick Gold’s financial statements were materially false and misleading at all relevant times.
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