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Dominican Republic
Economic Investments Report | 2016
Advancing. Together.
The Mining Context in the Dominican Republic
~50%
Amount Pueblo Viejo contributes
to the national corporate tax
base(2016)
500+
Number of years gold has been mined in the Dominican Republic
35%
Extractive industries’
contribution to the Dominican Republic’s GDP
(2016)
#1Gold is the
largest export (by value) of the
Dominican Republic (2015)
Source: EITI, WITS World Bank All figures in USD
Barrick in the Dominican Republic
Pueblo Viejo
▪ Joint venture between Barrick (60%) and Goldcorp (40%)
▪ Operational since 2013
▪ Produced 700,000 ounces of gold in 2016 (60% basis)
▪ Accounted for 12.7% of Barrick’s total production in 2016
▪ 2,083 employees and 2,108 contractors
▪ ISO 14001 and Cyanide Code certified
Barrick’s Economic Investment in the Dominican Republic
EXPENDITURES
$394M
$1.2M
$97M
$251M
In the Dominican Republic, where does this money go?
Communityinvestments
Employee wages & benefits
Taxes & royalties to the Dominican
government
Purchasesfrom Dominican
businesses
$743M
In-country
Out-of-country
$743 M
$250 M
$993 MTotal in 2016
75% of our expenditures stayed in the Dominican Republic in
2016, compared to 68% in 2015.
Taxes and Royalties in the Dominican Republic
Taxes, royalties to the Dominican
government
$394M
Pueblo Viejo is now the country’s largest tax payer, paying close to half of the
nation’s corporate tax.
$1.2BTaxes and royalties Pueblo Viejo
has contributed to the Dominican Republic since 2012.
The Dominican Republic joined the Extractive Industries
Transparency Initiative in 2016.
$4.81 M
$297.97 M$309.72 M
$213.05 M
$394.39 M
$
$50
$100
$150
$200
$250
$300
$350
$400
$450
2012 2013 2014 2015 2016
Mill
ions
Pueblo Viejo enters production
Taxes and Royalties (2012-2016)
Investing in Dominican Business
Purchases from Dominican
businesses
$251M
The $4 billion invested in the Dominican Republic to build
the Pueblo Viejo mine represents the largest foreign
investment in the country’s history.
$4.0B 50%Percentage of Barrick
purchases from Dominican businesses in 2016.
Amount Barrick has purchased from Dominican
businesses since 2012.
$19.69 M
$250.07 M
$230.84 M
Purchases of Goods and Services (2016)
Local Purchases
International Purchases
National Purchases
1 Local communities are defined as communities located within 25km from the center of any Pueblo Viejo components with significant risks or impacts from, or relevance to, the operation. The site has prioritized 39 communities: 25 around the mine and 14 around the power facilities.
1
Our Employees in the Dominican Republic
Employee wages & benefits
$97M10 out of 16
Senior site managers at Pueblo Viejo are Dominican nationals.
95% of employees at Pueblo Viejo are Dominican nationals.
1 Source: Women in Mining
Barrick’s Director of Corporate Social
Responsibility in the Dominican Republic, Faby Manzano, was named one
of the top 100 inspirational women in
mining in 2016.1
$26M
$18M
$6M
$47M
Annual Payroll (2016)
Employment Benefits
Employment Taxes
Payroll Taxes
Wages and Salaries
Investing in Dominican Communities
Community Investments
$1.2M$14.6M
Barrick has invested $1.7M in community education initiatives in the Dominican Republic since 2012.
Amount Barrick invested in community programs
since 2012.
Barrick has partnered with INFOTEP, a government agency, to deliver skills
training to more than 800 people from 14 local communities in 2016.
Amount Barrick contributed to a new multipurpose sports center located in the core of Cotuí, a municipality in the Sanchez Ramirez province. This is one
of 21 infrastructure projects builtthrough a cooperation agreement
between Pueblo Viejo and the municipality.
$173K
Dominican Republic
Economic Investments Report | 2016
Advancing. Together.
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