Bronstein, Gewirtz & Grossman, LLC Announces That A Class Action Has Been Filed Against Barrick Gold Corporation

  Bronstein, Gewirtz & Grossman, LLC Announces That A Class Action Has Been
                    Filed Against Barrick Gold Corporation

PR Newswire

NEW YORK, June 10, 2013

NEW YORK, June 10, 2013 /PRNewswire/ --Attorney Advertising--Bronstein,
Gewirtz & Grossman, LLC announces that a class action suit was filed in the
United States District Court for the Southern District of New York on behalf
of purchasers of Barrick Gold Corporation. ("Barrick" or the "Company") (NYSE:
ABX-News) between May 7, 2009 and May 23, 2013, inclusive (the "Class
Period").

The Complaint charges Barrick and certain of its officers and directors with
violations of federal securities law. The complaint alleges that throughout
the class period defendants failed to disclose the following: (i) the costs of
bringing Pascua-Lama into production far exceeded any of Barrick's various
publicly presented estimates; (ii) Pascua-Lama presented no reasonable
expectation of coming into production within any of Barrick's various publicly
presented time horizons; (iii) Pascua-Lama's environmental impact presented
significantly greater risks to the Project and the Company than those
disclosed by defendants; and (iv) as a result, defendants had no reasonable
basis for their statements regarding the Project, or the reserves and earnings
guidance for the Company.

On April 10, 2013, news outlets reported that the Appeals Court of Copiapo,
Chile, had issued an order suspending work on Pascua-Lama. On this news,
Barrick's stock price fell $2.23 per share, or 8.3 percent, to close at $24.46
per share. Then on May 24, 2013, Chile's Superintendencia del Medio Ambiente
(Superintendency of the Environment) issued a resolution suspending the
Project pending compliance with an environmental permit, and imposing a fine
equivalent to $16 million. Trading in Barrick stock was halted for
approximately three hours. After the Company's shares resumed trading,
Barrick's share price dropped $0.39 or 1.9 percent to close at $19.16 per
share

No Class has yet been certified in the above action. If you wish to review a
copy of the Complaint, to discuss this action, or have any questions, please
contact Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman
of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email
info@bgandg.com. Those who inquire by e-mail are encouraged to include their
mailing address and telephone number. August 5, 2013 is the deadline for
investors to seek a lead plaintiff appointment. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our
primary expertise is the aggressive pursuit of litigation claims on behalf of
our clients. In addition to representing institutions and other investor
plaintiffs in class action security litigation, the firm's expertise includes
general corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not guarantee similar
outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com

SOURCE Bronstein, Gewirtz & Grossman, LLC

Website: http://www.bgandg.com
 
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