Dominican Republic

Barrick on track with Pueblo Viejo expansion

Bnamericas Published: Thursday, May 06, 2021
Barrick on track with Pueblo Viejo expansion

Barrick Gold’s US$1.3bn Pueblo Viejo expansion in the Dominican Republic remains on track despite uncertainty over a planned tailings storage facility (TSF), CEO Mark Bristow said.

“The expansion project remains on track and on budget, and its SAG [semi-autogenous grinding] mill is now on route to the site. Bulk earthworks for the plant have been completed,” Bristow told the company's Q1 earnings call.

His comments follow local opposition to plans for a new TSF, required for the expansion.

A violent protest late last month prevented residents from attending talks on the proposals organized by the company.

Toronto-based Barrick said the protests were by a small group of “detractors” who have so far resisted calls for talks.

Bristow told the call he remains committed to a full consultation with all interested and affected parties, and also said the tailings proposals are in the best interest of local communities, as well as provincial and national economies.

“We're very confident that we'll progress this and find an outcome that will benefit everyone and be acceptable to the majority,” he added.


The new tailings storage facility must be operational during 2025 in order for Barrick to advance its expansion as planned, said Bristow.

“We would like to have a target nearer term so that we make sure that we do arrive at the right place before it becomes critical,” he said.

The expansion will enable Barrick and 40% JV partner Newmont to maintain production at Pueblo Viejo - Latin America’s biggest gold mine - at around 800,000oz/y into the 2040s.

Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Mining & Metals

Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Luanga
  • Current stage: Blurred
  • Updated: 18 hours ago

Other companies in: Mining & Metals

Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: SGS S.A.  (SGS)
  • SGS, established in 1878, is an inspection, verification, testing and certification company that provides services for the agriculture & food, chemical, consumer goods & retail,...
  • Company: Ternium Mexico S.A. de C.V.  (Ternium México)
  • Ternium Mexico is a local subsidiary of Luxembourg-based steel group Ternium, part of Argentine-Italian group Techint. Its activities range from iron ore extraction and steel pr...
  • Company: South Star Battery Metals Corp.
  • The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
  • Company: Camino Rojo S.A. de C.V.  (Camino Rojo)
  • Camino Rojo S.A. de C.V. is a mining junior company whose main activity is the exploration and extraction of metallic metals such as silver, gold, lead and zinc. It operates the...