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.
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 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.
Vancouver's Goldquest Mining (TSX.V:GQC) has dived 33% on heavy trading following the release of fresh drill results which fell below expectations.
The long-awaited debut of Barrick’s Pueblo Viejo, one of the largest gold deposits in the world, has finally arrived with the mine producing its first commercial gold.
PanTerra Gold Limited (ASX:PGI) has announced it has poured its first gold/silver dore at its Las Lagunas project in the Dominican Republic using world-first technology.
The Vancouver-based gold junior's stock was worth a mere 7.5c when the first drill results from its Las Tres Palmas trend in the Dominican Republic was first released. By June 1 it had increased ten-fold. On Wednesday it gained another 22% after new drill results hinted just how rich the Romero discovery may eventually turn out to be.
La Vega province deputy Elpidio Infante on Wednesday said the company Falcondo Xstrata Nickel is exploiting Loma Miranda without the Environment Ministry permit.
Australian PanTerra Gold restarted operations at its Las Lagunas gold and silver project, in the Dominican Republic, adding that the feed issues to the Albion carbon-in-leach processing plant had been resolved.
The Dominican Republic is soon to become more than just a sunny destination. Data published by the country’s geology society claim the Central American nation is sitting on nearly $58 billion of unexplored reserves of minerals and metals.
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