Barrick issues |

Barrick issues

Barrick Gold Corp, said it has a mechanical issue at the Pueblo Viejo mine in the Dominican Republic is expected to result in reduced production at the operation until mid-January 2016. Pueblo Viejo is a joint venture owned by Barrick (60 percent) and Goldcorp Inc. (40 percent).

Two of three electric motors at the mine’s oxygen plant experienced an unexpected failure on Nov. 19 and have been shipped to a specialized facility in the United States for repair.

Barrick now expects to produce 6-6.15 million ounces of gold in 2015 at all-in sustaining costs of $830-$870 per ounce.

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