The Biggest Gold Mine on Earth


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, contributor Doug Ehrman discusses the stoppage, the response from the company, and some of the expected impacts of getting the project back on track.

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