Economy May 10, 2019 - 1:07 pm

Barrick Gold: sale of US$1.5B in assets doesn’t involve Dominican mine

Santo Domingo.- The miner Barrick Gold Corp. on Thurs. said the sale of US$1.5 billion in assets doesn’t involve its operations in the Dominican Republic, where they expect to expand.

A spokesperson for the Canada-based firm told Diario Libre that “Dominican assets will not be impacted” by the decision announced this week during the presentation of its quarterly results.

“the most exciting growth opportunities are in Latin America, where the expansion of Pueblo Viejo is expected to maintain the status of the mine level one for the years to come,” the miner said in the statement on the first quarter results.

Barrick Gold owns a 60% stake in Pueblo Viejo, which produced 148,000 ounces of gold in the first quarter of 2019 and a 5% jump compared to last year’s 141,000 ounces.

COVID-19

May 17, 2024 - 9:22 am

CEMDOE expands services, reinforcing commitment to quality and safety in healthcare

May 16, 2024 - 8:43 am

WHO greenlights Japanese vaccine for Dengue prevention

May 14, 2024 - 10:25 am

Médico Express and Caribbean Health TPA foster medical tourism

May 13, 2024 - 9:34 am

Residents protest thermoelectric vessels in Azua

MOST READ

Tourism

Dominican airline breaks passenger transit record

Local

President Abinader explores semiconductor industry potential with World Bank president

Economy

CNUS president pushes for monotributo system in the Dominican Republic

Local

After complaints from residents, the SDE Mayor’s Office carries out a cleaning and waste collection day

MORE NEWS

Economy

Being the logistics hub of the region is a goal that Dominican Republic will achieve

Tourism

American Airlines returns to La Romana with a daily flight from Miami

Tourism

Frontier threatens to displace JetBlue in the Caribbean

Economy

In two years, Dominican National Brewery has managed to collect 5.4 million pounds of plastic