April 14, 2010 / 1:56 PM / 8 years ago

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 (Reuters) - 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.

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

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