LOS ANGELES--(BUSINESS WIRE)--Tostrud Law Group, P.C. is investigating potential claims on behalf of investors of Barrick Gold Corporation (“Barrick” or the “Company”) (NYSE: ABX) concerning the Company and its officers’ possible violations of federal securities laws. Investors that have suffered a loss on their Barrick securities holdings are encouraged to contact Jon Tostrud, Esq. to discuss their legal rights.
On April 24, 2017, the Company revised its full year guidance, stating that “[f]ull-year gold production is now expected to be 5.3-5.6 million ounces, down from our previous range of 5.6-5.9 million ounces.” The Company attributed approximately two-thirds of the reduction to the planned sale of 50% percent of its Veladero mine. Barrick also revised Veladero-specific guidance, projecting full-year production at Veladero of 630,000-730,000 ounces, compared to the Company’s previously-issued guidance of 770,000-830,000 ounces.
On this news, the Company’s share price fell $2.15, or 11.3%, to close at $16.89 per share on April 25, 2017, thereby injuring investors.
If you purchased shares of Barrick, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Jon Tostrud, Esquire, of Tostrud Law Group, P.C., 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 278-2600 or by e-mail at firstname.lastname@example.org.
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