DR1 Daily News - Dominican Republic

In a press release on the first quarter reports for 2023, Barrick Gold highlights that “the steady ramp-up of throughput at Pueblo Viejo’s expanded plant will boost production in the second half of the year“ is key to keeping the Canadian mining company on track to achieve its 2023 guidance.

The company reports: “In the Dominican Republic, construction of Pueblo Viejo’s expanded process plant was 93% complete at the end of Q1 and we’re ramping up to full capacity by July. Currently our biggest growth project, it has been designed to extend the mine’s Tier One life to beyond 2040 at an expected average annual production rate of 800,000 ounces4 of gold.”

“While we continue to build our peerless asset base, we are also casting our net wider and stepping up the hunt for fresh opportunities. During the past quarter, we have opened up new frontiers and secured multiple interesting...