Barrick raises gold extraction from 48,368 to 63,763 ounces and boosts sector growth

The mining sector is the one with the highest economic growth in July with a year-on-year increase of 21%, according to the Monthly Economic Activity Index (IMAE) of the Central Bank.

This rebound is due to the fact that the international price of gold increased by 39%, reaching an average of US$3,340 per ounce, compared to US$2,398 the previous year, and that the production volume at Barrick Pueblo Viejo, the country’s main gold mine, rose by 32%, from 48,368 to 63,763 ounces, demonstrating greater operational capacity and expansion in extractive activities.

This happens after a definitive agreement has been reached between the company and the community for the expansion of the Pueblo Viejo mine, located in the province of Sánchez Ramírez, with the mediation of the Dominican Government, the Catholic Church, and the Ombudsman.

The Minister of Energy and Mines, Joel Santos, highlighted that the growth achieved in July reflects the sector’s increasing contribution to national economic dynamism, driven by local and international factors.

Santos explained that the value of gold exports doubled, increasing from US$ 115.92 million in July 2024 to US$ 236.36 million in July 2025, maintaining its position as the country’s main export product.

Regarding the fiscal impact, the head of Energy and Mines highlighted the positive effect that was also reflected in public finances: mining revenues also doubled, with a year-on-year growth in July of 129%, increasing from RD$ 3,376.86 million to RD$ 7,717.42 million.

“These indicators reflect greater dynamism and reactivation, driven by high gold prices and increased national production. Mining continues to contribute a significant flow of foreign currency, strengthening public finances and consolidating as a strategic pillar for the country’s economic development,” he stated.