Barrick Gold (ABX) expects to record a $4.5B-$5.5B post-tax charge related to its suspended...

|About: Barrick Gold Corporation (ABX)|By:, SA News Editor

Barrick Gold (ABX) expects to record a $4.5B-$5.5B post-tax charge related to its suspended Pascua-Lama Chilean gold mine project, the company says in a project update; the charge stems both from project delays and falling gold/silver prices. Barrick adds it has cut its 2013/2014 capex forecast for Pascua-Lama by $1.5B-$1.8B to a total of $2.8B-$3.2B, and has submitted a plan to Chilean regulators it hopes will allow the project to be completed by the end of 2014.