The Biggest Gold Mine on Earth

Expected to be the largest gold mine on the planet once it's completed, Barrick Gold's Pascua-Lama mine recently saw the Chilean government halt construction. The company reports that it expects to put a comprehensive water management plan in place, but the extent of the delays remains unknown. Partner Silver Wheaton is anxious to see the project resume forward motion, as it has a significant stake in the outcome. In the interim, low-cost gold miners such as Goldcorp may benefit from the delays.

In the following video, Fool.com contributor Doug Ehrman discusses the stoppage, the response from the company, and some of the expected impacts of getting the project back on track.

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The article The Biggest Gold Mine on Earth originally appeared on Fool.com.

Fool contributor Doug Ehrman and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Hannah Godfrey

Hey Doug, thanks for sharing this. New gold mine means more gold and probably even lower prices. Gold stacking opportunity awaits investors and gold lovers :)

June 14 2013 at 8:47 AM Report abuse rate up rate down Reply