Barrick Gold Announces Commercial Production Begins at Pueblo Viejo

Barrick Gold Corporation (NYSE:ABX, TSX:ABX) announced that commercial production is underway at  the Pueblo Viejo mine in the Dominican Republic.

As quoted in the press release:

Pueblo Viejo Highlights (all figures are Barrick’s 60 percent share unless noted)

  • Ramp-up to full capacity is expected to occur in the second half of 2013 and production for the year is anticipated to be 500,000-650,000 ounces1
  • Barrick’s share of annual production in the first full five years of operation is expected to average 625,000-675,000 ounces
  • 25.3 million ounces of reserves (100 percent basis) as of year-end 2011

Barrick’s President and CEO, Jamie Sokalsky, said:

We are pleased to have successfully completed Pueblo Viejo last year, in line with guidance, and now also to have reached commercial production.

To view the whole press release, click here.