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Add comment on:Second Quarter Reporting: What will Barrick hide from their shareholders this time?
August 2 marks the publishing date of Barrick Gold's second quarter results. With profits down by 14 percent, the Pascua Lama project delayed, and Norway's pension fund considering pulling their investment on ethical grounds, things aren't looking good for this gold mining giant. But, are any of these developments a big surprise? There are many shareholders who might think so, but that is only because Barrick has been systematically hiding vital information from them through glaring omissions and outright lies. (title photo of Diaguita Woman, taken by Isabel Orellana. The Diaguitas, despite the fact that Barrick is planning to mine for gold on their ancestral land and the fact that they have a lawsuit and several formal complaints against Barrick, are not mentioned any of Barrick's Annual Reports since 2001.)
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