UPDATE 1-Barrick gets court go-ahead on Cortez Hills

* Says operations to proceed at Cortez Hills

* Additional environmental assessment to proceed in tandem

TORONTO, April 14 (BestGrowthStock) – Barrick Gold (ABX.TO: ) said on
Wednesday that a U.S. district court has ruled it can
continue mining operations at its Cortez Hills gold mine in
Nevada while additional environmental assessments on the
project proceed.

In December, Barrick’s shares tumbled after a U.S. appeals
court ruled that the project — which has faced opposition from
local native Indian leaders and environmental groups —
requires additional environmental analysis by the U.S. Bureau
of Land Management. [ID:nN04153811]

The appeals court directed the District Court of Nevada to
issue an injunction that could either halt all work at Cortez
Hills, or affect only specific operations at the site.

In January, Barrick asked the District Court to issue only
a limited injunction that would allow work at its Cortez Hills
mine in Nevada to continue while the U.S. Bureau of Land
Management completes an additional study of three aspects of
the project. [ID:nN26105041]

“The court has affirmed that the supplemental studies can
be completed by the Bureau of Land Management without halting
our operations,” said Greg Land, president of Barrick’s North
American operations, in a statement.

Shares of Barrick were up 1.1 percent at C$40.85 on the
Toronto Stock Exchange on Wednesday morning.

Stock Market Report

($1=$1.00 Canadian)
(Reporting by Euan Rocha; editing by Peter Galloway)

UPDATE 1-Barrick gets court go-ahead on Cortez Hills