Barrick evacuates stranded workers after Chile storms

[Large bucket scoop loads gold ore intoa giant dump truck]
slovegrove/iStock Editorial via Getty Images

Barrick Mining (B [https://seekingalpha.com/symbol/B]) said it safely evacuated workers who were stranded at its Barriales camp in northern Chile after severe storms cut off road access to the remote site.

The company said all evacuated workers are in good health. Rescue efforts resumed Saturday after weather conditions improved enough for helicopter flights. Barrick has also made a helicopter available to Chilean authorities through July 29 to assist with rescue and logistics operations.

The successful evacuation removes an immediate operational risk for investors, although the storms highlight the vulnerability of mining operations to extreme weather in Chile, where recent flooding has disrupted transportation, damaged infrastructure and claimed more than a dozen lives.

Three employees remain at the company's Potrerillos camp until blocked roads can be reopened. Barrick said those workers have access to electricity, food and water and are safe.

The company had previously delayed evacuation efforts because severe weather prevented air operations and left access roads impassable.

The storms have caused widespread disruption across northern Chile, with flooding and landslides resulting in significant infrastructure damage and temporary transportation closures.

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