![]() This recalls that when the contract was negotiated the price of gold was between 200 and 250 dollars the troy ounce, while higher prices were expected that gold reached up to US$ 450. This was recognized by the economist Iván Rodríguez, who helped negotiate the contract with Placer Dome which later was transferred to Barrick Gold. State would receive only US$ 32 Million per year for US$ 1,000 Million exported Goldĭominican negotiators of the contract for the exploitation of gold from sulfide of ¨ Pueblo Viejo¨ never thought gold prices were to reach the levels where they are today.įor this reason the country would receive in the first seven years of operation of the mine only $ 32 million a year for exports worth 1,000 million. ![]() Dominican negotiators of the contract did not anticipate that gold would reach the current price.
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