The asset writedown is primarily related to two Latin American assets — Pascua Lama project, on the border of Chile and Argentina and Pueblo Viejo, in Dominican Republic.
Dominican Republic Mining News
Due to a mechanical issue detected at its jointly owned Dominican Republic-based mine.
Barrick Gold Corp. is considering raising funds from its key gold mine in the Dominican Republic, according to people familiar with the matter, as the world’s largest gold producer races to pay down its debt.
Barrick denied Monday having paid the families who own lands expropriated for the gold mine during the 1950's, and affirmed that it was the Dominican State which acquired the properties.
President Danilo Medina vetoed bill creating a National Park, which would have blocked the expansion of Glencore's Falcondo mine.
The country’s legislators approved this week a ruling that declares the region surrounding the mine a national park, affecting Glencore's ability to expand it.
The gold giant's ongoing dispute with Mexican landowners could affect 2014 production at its currently halted Los Filos mine.
Highlights at 22,600 hectare Neita concession include 38.0 metres averaging 5.13 g/t Au; enough to send stock soaring 30%..
Cutting average costs by $100 an ounce in 2013 and no new mines planned.
The end to an 8-month dispute over its flagship Pueblo Viejo mine sees ABX stock retreat 2.3%.
World number one gold miner contradicts earlier reports.
Ongoing spat over royalties and profit sharing.
Construction work at Pascua Lama halted once again. Dominican authorities pressing for a “more favourable” contract in Pueblo Viejo.
In order to make wise investment decisions, gold investors must coldly assess economic realities.
Companies with cash and strong management continue to go unrecognized, says analyst.
The country's Mining Agency said it would likely let Xstrata go ahead with mine expansion plans, but added Barrick's Pueblo Viejo contract should be reviewed.
Local authorities are reviewing the contract with Barrick in a bid to make it “more favourable” to the country.
Total process will take up to four months from the moment a company submits its application.
In exchange for Unigold consenting to the acquisition, Malbex has agreed to issue to Unigold 13,000,000 common shares in the capital of Malbex.
After only five months of kicking-off operations at the Dominican Republic’s Pueblo Viejo gold deposit, one of the largest in the world, Barrick and Goldcorp said the mine has achieved commercial production.
The motion relates to a transaction in which Everton sold certain mining claims in the Labrador Trough in 2009 and 2010.
The miner expects protests against its $3.8-billion joint venture Pueblo Viejo to gradually decline as more people become aware of the economic benefits the gold mine will provide.
Environmental protests are increasingly likely to cause delays and increase contract cancellation risks to nickel and gold mining.
United Nations Development Program (UNDP) representative, Valerie Julliand, announced Tuesday the body has agreed to the Dominican Republic’s government's request to review Xstrata Nickel’s environmental impact study for the Loma Miranda project, located in the country’s central region.