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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

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News

Pueblo Viejo Expansion Project Advances with Agreement on Independent Environmental Studies

AUGUST 3, 2021/7:00 AM ET

Pueblo Viejo Tax and Royalty Payment of $108 Million Brings Contributions to the Government to More Than $385 Million in 2020

OCTOBER 18, 2020/2:35 PM ET

Pueblo Viejo Pays Another $185 Million in Taxes, Bringing Its Total Cash Distribution to the Dominican Government to +$2 Billion

APRIL 24, 2020/3:42 PM ET

All News

Downloads

Technical Report PDF/6.94 MB

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

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Forecast

Cost of Sales

$880 - $930

/Ounce

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Forecast

Total Cash Costs

$520 - $570

/Ounce

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Forecast

All-In Sustaining Costs

$760 - $810

/Ounce

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2020 Performance

Gold Produced in 2020

542,000

Ounces

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Cost of Sales

$819

/Ounce

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Total Cash Costs

$504

/Ounce

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All-In Sustaining Costs

$660

/Ounce

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Reserves & Resources

Proven and Probable

Gold Reserves

6.2

Million Ounces

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Measured and Indicated

Gold Resources

(Inclusive of Reserves)

15

Million Ounces

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Inferred

Gold Resources

2.4

Million Ounces