EQUITY ALERT: Rosen Law Firm Announces Filing Of Securities Class Action Lawsuit Against Barrick Gold Corporation - ABX

NEW YORK, July 5, 2017 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Barrick Gold Corporation (NYSE: ABX) from February 16, 2017 through April 24, 2017, both dates inclusive (the "Class Period"). The lawsuit seeks to recover damages for Barrick Gold investors under the federal securities laws.

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To join the Barrick Gold class action, go to  http://www.rosenlegal.com/cases-1128.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email  pkim@rosenlegal.com or  kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the pipes and safety systems at Barrick Gold's Veladero mine were not robust enough to prevent gold-bearing solution spills; (2) as a result, Argentinian authorities would restrict the addition of cyanide to the Veladero mine's heap leach facility and require remedial work; (3) these developments would impact (and were impacting) the production capacity of the Veladero mine; (4) as such, the  Veladero mine production guidance and total gold production guidance were overstated; and (5) as a result, defendants' statements about Barrick's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

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