Name of the Project
Quisqueya I power generation facility conversion project.

Location
Dominican Republic.

Client
Pueblo Viejo Dominicana Corporation (PVDC), a joint venture between Barrick Gold Corporation (60%) and Goldcorp (40%). PVDC is the operator of the mine.

Project Description
Quisqueya I is owned and operated by PVDC and supplies power to the Pueblo Viejo mine.

The project involves the conversion of the Quisqueya I power generation facility from heavy fuel oil to natural gas, which is expected to reduce the mine’s average cost of sales and all-in sustaining costs by an estimated $54/oz over the life of the mine, supported in part by higher margins on the sale of excess power to the national energy grid.

The conversion is expected to reduce greenhouse-gas emissions associated with the Pueblo Viejo mine by about 260 000 t/y of carbon dioxide equivalent.

Barrick is advancing prefeasibility-level studies for a plant expansion at the Pueblo Viejo mine that has the potential to significantly increase throughput at the operation. Conversion of the power plant to natural gas is expected to further strengthen the economics of the project.

Potential Job Creation
None stated.

Net Present Value/Internal Rate of Return
None stated.

Value
The project will cost an estimated $7.5-million to implement.

Duration
Not stated.

Latest Developments
PVDC has signed a ten-year natural gas supply contract with AES Andres that will allow for the conversion of the Quisqueya I power generation facility from heavy fuel oil to natural gas. AES will build a new gas pipeline to the facility, with commercial gas production expected to begin in the second half of 2019.

Key Contracts and Suppliers
AES Andres (gas supply contract and gas pipeline).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Barrick Gold senior VP investor relations Deni Nicoski, tel +1 416 307 7474 or email dnicoski@barrick.com; or senior VP communications Andy Lloyd, tel +1 416 307 7414 or email alloyd@barrick.com.