DR1 Daily News - Dominican Republic

In the first three months of the year, Dominican gold exports experienced a 22.4% increase in the FOB value of exports, compared to the same period in 2019. This despite the volume of exports had dropped 42.5%. The DR exported US$349.78 million between January and March 2019, and US$428.05 million for the same period in 2020.

Barrick’s Pueblo Viejo Dominicana announced having paid US$185 million in direct taxes and US$9 million in indirect taxes to the Dominican government in the first four months of the year. These payments include advances of income taxes, net profit interest and royalties on the sales of gold and silver paid in the first quarter of 2020, as well as the final settlement of the 2019 fiscal year.

Barrick says that Pueblo Viejo’s exports in the first quarter of this year represented 37% of the country’s total exports of national goods, with a value of...