pueblo-viejo

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%).

En Español > barricklatam.com/republica-dominicana

The mine achieved first gold production in 2012 and completed its ramp up in 2014.

Barrick’s share of gold production in 2015 was 572,000 ounces, at a cost of sales of $904 million (100% basis), and all-in sustaining costs of $597 per ounce.1 Gold production in 2016 is forecast to be 670,000-700,000 ounces (Barrick’s share), at a cost of sales of $630-$660 per ounce, and all-in sustaining costs of $520-$540 per ounce.1

As of December 31, 2015, Barrick's share of proven and probable gold reserves at Pueblo Viejo was 8.96 million ounces2 (93.9 million tonnes, grading 2.97 grams per tonne).

Environment & Water

Fact Sheet - Pueblo Viejo Environmental Remediation and Water Treatment (PDF 764 KB)

Performance

572,000 Ounces of gold produced in 2015 (Barrick's share) 8,960,000 Ounces of proven and probable gold reserves (Barrick's share)

Videos

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Building the mine
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Water
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Environmental rehabilitation
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January 1, 2013 files/design/bodybg/pueblo-viejo.jpg
Operations > North America > Pueblo Viejo

Footnotes

  1. "Cash costs" per ounce and "All-in sustaining costs" per ounce are non-GAAP financial performance measures. "Cash costs" per ounce is based on cost of sales but excludes, among other items, the impact of depreciation. "All-in sustaining costs" per ounce begins with "Cash costs" per ounce and adds further costs which reflect the additional costs of operating a mine, primarily sustaining capital expenditures, general & administrative costs and minesite exploration and evaluation costs. Barrick believes that the use of "cash costs" per ounce and "all-in sustaining costs" per ounce will assist investors, analysts and other stakeholders in understanding the costs associated with producing gold, understanding the economics of gold mining, assessing our operating performance and also our ability to generate free cash flow from current operations and to generate free cash flow on an overall Company basis. "Cash costs" per ounce and "All-in sustaining costs" per ounce are intended to provide additional information only and do not have any standardized meaning under IFRS. Although a standardized definition of all-in sustaining costs was published in 2013 by the World Gold Council (a market development organization for the gold industry comprised of and funded by 18 gold mining companies from around the world, including Barrick), it is not a regulatory organization, and other companies may calculate this measure differently. These measures should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS. Further details on these non-GAAP measures are provided in the MD&A accompanying Barrick's financial statements filed from time to time on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

  2. Calculated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2015, unless otherwise noted. Complete mineral reserve and mineral resource data for all mines and projects referenced on this website, including tonnes, grades and ounces, can be found on pages 25-35 of Barrick’s 2015 Form 40-F/Annual Information Form.
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Gold  $ 1,202.71 +5.31 +0.44% Volume: January 16, 2017

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