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.
Looking for more commodities-based ideas? Download the free report "The Tiny Gold Stock Digging Up Massive Profits." The Motley Fool's analysts have uncovered a little-known gold miner they believe is poised for greatness; find out which company it is and why its future looks bright -- for free!
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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.