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 Goldcorp (40%).
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The mine achieved first gold production in 2012, and completed its ramp up in 2014.
Barrick’s share of gold production in 2016 was 700,000 ounces, at a cost of sales of $564 per ounce, and all-in sustaining costs of $490 per ounce.1 Gold production in 2017 is forecast to be 625,000-650,000 ounces (Barrick’s share), at a cost of sales of $650-$680 per ounce, and all-in sustaining costs of $540-$570 per ounce.1
As of December 31, 2016, Barrick's share of proven and probable gold reserves at Pueblo Viejo was 8.1 million ounces2 (85.8 million tonnes, grading 2.93 grams per tonne).
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