GOLD MINING: Pueblo Viejo pours first gold

DOMINICAN REPUBLIC – The Pueblo Viejo gold mine has poured its first doré bar and is ramping up to commercial production later this year. The project is a joint venture of Toronto’s Barrick Gold (60% and operator), and Vancouver’s Goldcorp (40%). Planned annual production is about 1 million oz of gold at a cash cost of approximately US$350 per ounce.

Plant commissioning continues, including the final two autoclaves. Developing the operation cost roughly US$3.7 billion.

More information about Pueblo Viejo is available at both Barrick.com and Goldcorp.com.