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 ("PVDC") — a joint venture between Barrick (60%) and Goldcorp (40%).
The mine achieved commercial production in January 2013 and is expected to ramp up to full capacity in the first half of 2014. In the first nine months of 2013, Barrick’s share of gold production was 331,000 ounces at all-in sustaining costs of $743 per ounce1.
Barrick’s share of full-year 2013 production from Pueblo Viejo is anticipated to be about 500,000 ounces of gold2 at all-in sustaining costs of $700-$750 per ounce1,2.
During the third quarter of 2013, proposed amendments to the Pueblo Viejo Special Lease Agreement were approved by PVDC and the Government of the Dominican Republic. The amendments were effective as at the quarter-end.
As at December 31, 2012, Pueblo Viejo had proven and probable gold reserves of 15.0 million ounces3 (Barrick’s share) and a mine life of 25 years and beyond.
Environment & Water
Fact Sheet - Pueblo Viejo Environmental Remediation and Water Treatment (PDF 764 KB)