NEW YORK, May 10, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Barrick Gold Corporation ("Barrick" or the "Company") (NYSE: ABX). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/abx.
The investigation concerns whether Barrick and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On April 24, 2017, Barrick 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 credited about two-thirds of the decrease to the planned sale of 50% percent of its Veladero mine. The Company also revised Veladero-specific guidance, forecasting full-year production at Veladero of 630,000-730,000 ounces, compared to its previously-issued guidance of 770,000-830,000 ounces. Following this news, Barrick stock dropped $2.15 per share, or 11.3%, to close at $16.89 on April 25, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Barrick, you can assist this investigation by visiting the firm's site: www.bgandg.com/abx. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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