2026News

Precipitate announces it will concentrate on Sanchez Ramirez after Abinader pulled the rug out of Romero, Unigold is hopeful

President Luis Abinader’s decision on 4 May 2026, to order a halt on all government activities related to advancing toward exploitation rights in GoldQuest’s Romero project has sent a significant ripple through the Dominican mining sector. President Abinader has adhered to provisions that reinforce the social license as a non-negotiable requirement. The population of San Juan de la Maguana has protested arguing water sources are being traded for short term mining profits.

The Abinader administration, as have previous administrations, had authorized mining concessions and enabled advances but then has once again found itself faced by a population that rejects projects that threaten critical water sources like the Sabaneta Dam. The project is located high up in the Central Mountain Range.

Two other junior exploration and permission-seeking entities in the San Juan de la Maguana province, Canadian firm Precipitate Gold and Corporación Minera San Juan (CMSJ) see their intent on similar developments of gold deposits in San Juan de la Maguana province impacted. As is the case of Canadian firm of Goldquest, these companies endeavor to secure the exploitation permits to then move to be absorbed by a major mining player.

Precipitate clarified that President Abinader’s suspension is limited to the Romero project and does not legally include Juan de Herrera. Yet both mine deposits are located in the same high up mountainous area of the Central Mountain Range where environmentalists say there is the imminent danger of polluting vital water sources.

Mining advocates, including the Minister of Mines Joel Santos, raise the flag of modern sustainable mining, but opponents point to the experiences of Falconbridge in Monseñor Nouel and Barrick Pueblo Viejo in Sanchez Ramirez. Dominican governments are known to leave mining companies very much up to their own implementation of sustainable practices, with minimum checks to ensure compliance.

Exploration in the San Juan province is effectively now entering a “wait and see” period. While exploration permits haven’t been revoked, the path to an exploitation permit now looks much steeper and more uncertain.

The suspension was a direct response to a 20-kilometer march by thousands of residents to the Sabaneta Dam. By halting the project despite 20 years of exploration history, once again the Dominican government has signaled that technical compliance is not enough if community opposition is widespread. Over the years, past governments met with the same opposition, but the deposits are considerable, leading the companies to persevere in their intent.

As a result, Precipitate announced its decision to de-prioritize their San Juan de la Maguana assets in favor of less controversial regions, namely Sanchez Ramirez, where Barrick Pueblo Viejo already operates.

Indeed, on 6 May 2026, Precipitate announced that while its permits for Juan de Herrera (San Juan de la Maguana) remain in good standing, it is prioritizing drilling at its Pueblo Grande project. Pueblo Grande is located next to the established Pueblo Viejo mine (Barrick), where mining is already a normalized part of the local economy and social climate.

The Precipitate Juan de Herrera gold deposits are adjacent to the Romero/Tireo project operated by GoldQuest and exploration has detected numerous gold and copper targets over in the project area of around 40km in the Tireo Formation of the Central Mountain Range where mountainous terrain generally ranges from 600 meters to over 1,200 meters in elevation. The adjacent Romero deposit (GoldQuest) shares the same geological trend and is located at elevations between 700 and 1,000 meters. Precipitate’s targets follow the same high-altitude corridor.

The elevation is a critical factor in the current political debate you’ve been following, as the project’s location “upstream” in the mountains is what fuels local concerns regarding the Sabaneta Dam and the water supply for the valley below.

Precipitate stated it will closely monitor the developments impacting Romero and remain sensitive to social and environmental concerns specific to that region as expressed by the locals. Importantly, the company says it maintains a strong financial position and maintains a disciplined focus on responsible exploration. Through ongoing engagement with communities and government officials, Precipitate explains it will determine the best approach to advance its Juan de Herrera project. In the meantime, the ongoing drilling at Pueblo Grande (Sanchez Ramirez) is progressing well and assay results are expected in the coming weeks.

Another gold mining permission seeker, Unigold Inc. also explores the Tireo Formation but further to the north in Dajabon province. Unigold issued a statement on 6 May 2026, clarifying that its primary projects—Neita Norte and Neita Sur (which includes the Candelones deposit) are located to the north in the Dajabón province, not in San Juan de la Maguana.

Unigold is described online as the most advanced “junior” company in the country, currently awaiting their own exploitation permit for the oxide portion of their Candelones project. The Neita Norte and Neita Sur projects are both located in high-altitude terrain and are situated near significant water sources.

Current Unigold environmental strategy (May 2026)
In its statement on 6 May 2026, Unigold emphasized that its environmental baseline studies have been ongoing for over five years.
• ESIA progress: The company is currently awaiting the final Terms of Reference (ToR) from the Ministry of the Environment to complete its full ESIA for the Candelones Oxide Project.
• Water protection: To address the “high altitude/water source” sensitivity, the company has proposed using advanced water-recycling systems for its potential oxide production to minimize the impact on local streams.

Read more:
Precipitate
Yahoo Finance
Unigold

7 May 2026