PUEBLO VIEJO JV
Pueblo Viejo is located in the Dominican Republic, approximately 100 kilometers northwest of the capital city of Santo Domingo, and is operated by the Pueblo Viejo Dominicana Corporation — a joint venture between Barrick (60%) and Newmont (40%). Development of the project started in 2009, and first production occurred in 2012.
Location
News
Pueblo Viejo Expansion Project Advances with Agreement on Independent Environmental Studies
AUGUST 3, 2021/7:00 AM ET
OCTOBER 18, 2020/2:35 PM ET
APRIL 24, 2020/3:42 PM ET
Downloads
Pueblo Viejo Expansion
Our Commitment to Responsible Mining and Transparent Communication
The letter below serves as Barrick’s response to accusations made by Earthworks, Global Justice Clinic and MiningWatch Canada in respect of the proposed expansion of the Pueblo Viejo mine in the Dominican Republic. Their deprecation is unfounded and we are making this letter public in order to provide the facts.
Barrick prides itself on being a good neighbour and the intended expansion of the Pueblo Viejo operation would increase the life of the mine for approximately 20 years and with it jobs, state revenues and exports, local business support and community infrastructure, providing long term value for all stakeholders.
The attachments referred to in Barrick’s response have been sent to Earthworks, Global Justice Clinic and MiningWatch Canada. Due to their size, the attachments are not included here, however, can be made available on request.
Barrick’s Response Letter (May 18, 2021)
2021 Outlook
Forecast
Production
470,000 - 510,000
Ounces
Forecast
Cost of Sales
$880 - $930
/Ounce
Forecast
Total Cash Costs
$520 - $570
/Ounce
Forecast
All-In Sustaining Costs
$760 - $810
/Ounce
2020 Performance
Gold Produced in 2020
542,000
Ounces
Cost of Sales
$819
/Ounce
Total Cash Costs
$504
/Ounce
All-In Sustaining Costs
$660
/Ounce
Reserves & Resources
Proven and Probable
Gold Reserves
6.2
Million Ounces
Measured and Indicated
Gold Resources
(Inclusive of Reserves)
15
Million Ounces
Inferred
Gold Resources
2.4
Million Ounces