Nobody pays me to write about egomaniacs so I did something I have only done twice out of five hundred site visits. Then he insisted I totally rewrite it so it was all about him rather than the people doing all the valuable work on the Mexican project. That demand left a bad taste in my mouth. Dawe demanded the right to edit the article before I posted it. I went to see one of his projects in Mexico and wrote it up. Linear Gold run by Wade Dawe first owned it. It's quite common for even the best of projects to go through multiple owners before someone actually moves it to production. It was put back into production by new operators in 2012 as gold prices improved.Īn interesting project called the Pueblo Grande property surrounds the Pueblo Viejo Gold Mine on three sides. Low prices forced the operator Rosario Dominicana into bankruptcy in 1999. It is the 5 th largest gold mine in the world. The mine was the first gold mine in the new world put into production by the Spanish. Pueblo Viejo is jointly owned by Barrick Gold and Newmont/Goldcorp and produces 550,000 to 600,000 ounces of gold a year. (PRG:TSX.V PREIF:OTCBB) and throw a rock and hit an open pit at Pueblo Viejo. It was possible to stand on the Pueblo Grande project now owned by Precipitate Gold Corp. I visited the Dominican Republic to see a gold project immediately next to the massive Pueblo Viejo Gold Mine ten years ago.
Gold precipitate full#
I've been doing this for so long that everything is coming full circle. Trump just painted a bull's eye on the back of every American soldier in the Middle East. When you start whacking leading figures in other countries, it is only natural that they start thinking doing the same to you is a great idea. We cannot prevent the bankruptcy of the U.S.: all the stupid and pointless wars of the last two decades have baked bankruptcy into the cake. I'm dead set against more American kids dying for Israel. either regains its sanity or becomes a pile of ashes. President eager to accelerate the start of World War III for Israel and you have what at least will be an interesting environment until the U.S. That is from late December into perhaps March. He noted that the mine had exceeded guidance and the companyĬontinued to negotiate a 20-year lease extension with the government.īristow, who took the helm in January 2019, said the work done over the past months had equipped Barrick to become the most valued gold company by 2030.We are in the best time of the year to be invested in resource stocks. Porgera in Papua New Guinea has tier one potential but faces many challenges in the form of “legacy issues and an unruly neighborhood,” Barrick’s president and chief executive officer, Mark Bristow, said last month. Gold by a substantial margin, delivering a new record of 814,027 ounces. Gold mine, which last year beat its production guidance of 750,000 ounces of It has also boosted production at Kibali, Congo’s biggest In the past year, Barrick has been focusing on its tier-one assets and has reported strong performance across the group, particularly at Cortez mine in Nevada and Veladero in Argentina.
Pueblo Viejo, a joint venture between Barrick (60%) and Newmont (40%), began commercial production in 2013. The asset surrounds the Pueblo Viejo mine site on the west, north and east side, covering roughly 9,863 contiguous hectares, about 50 km north of the capital city of Santo Domingo. The deal comes only a year after Precipitate grabbed all of Everton’s Dominican Republic exploration concessions, which included its now flagship Pueblo Grande project. “Our exploration focus will immediately turn to near term drill targets emerging within the company’s nearby Ponton gold project and the ongoing advancement of existing targets at the Juan de Herrera project, immediately adjacent to GoldQuest’s Romero project,” Wilson said. Republic projects,” president and chief executive, Jeffrey Wilson, said in theīarrick has also agreed to subscribe for $1 million (C$ 1.39m) of Precipitate’s common shares in a private placement Precipitate to continue the advancement of its other 100%-owned Dominican “The injection of additional capital into the company allows As part of the deal, Barrick has also agreed to subscribe for $1 million (C$1.39 million) of Precipitate’s common shares in a private placement, the Vancouver-based junior miner said in a separate statement.
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