LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Barrick Gold Corporation (“Barrick” or the “Company”) (NYSE: ABX) for possible violations of federal securities laws.
Investors who purchased the Company’s shares between February 16, 2017 and April 24, 2017 inclusive (the “Class Period”), are encouraged to contact the firm in advance of the July 10, 2017 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate.
In addition, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.goldberglawpc.com/, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, Barrick made materially false and/or misleading statements, and/or failed to disclose materially adverse facts about its business, operations, and prospects. 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.” Barrick also revised guidance specific to the Veladero mine, projecting full-year production at Veladero of 630,000-730,000 ounces, compared to the previously-issued guidance of 770,000-830,000 ounces. The slowdown in Veladero production stems partly from a work stoppage at the mine caused by alleged environmental pollution. When this news was announced, Barrick’s stock price dropped materially, which caused investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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