TSXV:PRG - Post Discussion
Post by
iluv2buyem on Aug 06, 2020 5:37pm
Sentiment . Great news for Percipitate Gold
Aug 6, 2020 
The price of gold is rising to new highs. In these times, Barrick Pueblo Viejo announces it is seeking government approval for the expansion of its gold and silver mining operations. In an interview with Listin Diario, Barrick Pueblo Viejo president Juana Barcel said the company has prepared an expansion project that would enable production to remain at around 800,000 troy ounces. The expansion would be ready for 2022. It would allow production through 2045. If the expansion is not carried out, production will end in 2031. The company expects an average price of US$1,500 for the troy ounce. This week, the price of gold on international markets has broken the US$2,000 barrier.
As of July 2020, the company has paid US$270 million in direct taxes, including advances, profits and royalties on gold and silver sales and US$14 million in indirect taxes for the first quarter this year. This is more than the total contribution to the state in 2019 that was US$194 million for taxes.
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