Friday, August 18, 2017

Argentina confirms charges for Barrick employees over 2015 cyanide spill at Veladero

An Argentine court has confirmed criminal charges against eight of nine Barrick Gold employees related to their involvement in a cyanide spill at the company’s Veladero mine in 2015. The ruling follows a 145.7m pesos fine (about $9.8 million) Barrick had to pay in January 2016 over the incident. At the time, the company said it had strengthened controls and safeguards at the mine. A few months later however falling ice damaged a pipe carrying process solution, causing a second leak. There was yet another leak of cyanide solution in March of this year.

Veladero produced 544,000 ounces last year and has P&P reserves estimated at 6.7 million ounces of gold.