Barrick Gold (TSX: ABX)(NYSE: GOLD) is close to reaching an agreement with the government of the Dominican Republic on where to build a new tailings storage facility (TSF) for its $1.3 billion Pueblo Viejo gold mine.
The world’s second largest gold producer had warned last year that production at the mine would have to end in 2030 without a new mining waste depository. Building a new dam is part of the planned expansion for Pueblo Viejo, which will extend its productive life beyond 2040.