Barrick Gold (ABX) hopes its Pascua-Lama project will enter production in 2014, but don't count...

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

Barrick Gold (ABX) hopes its Pascua-Lama project will enter production in 2014, but don't count on it, TD Securities says; the firm now assumes first production in 2016 along with $1B additional capital costs after suspension of the Chilean portion. ABX is unlikely to cancel the project because of the importance to its long-term future, but a cancellation would be a "significantly positive impact" on its balance sheet.