Marvel gold
Feature image credit: Wikimedia

In the first four months of 2020, Pueblo Viejo Dominicana Corporation, operator of the Pueblo Viejo gold mine, has paid $185 million in direct taxes and $9 million in indirect taxes to the Dominican Government.

These payments include advances of income taxes, net profit interest and royalties on the sales of gold and silver paid in the first quarter of 2020, as well as the final settlement of the 2019 fiscal year.

In an early payment this month to help contribute to the stability of the Dominican economy and aid the country in combatting and containing the spread of the Covid-19 pandemic, Pueblo Viejo paid $113 million to the Internal Tax Collector (DGII), despite the Dominican Government extending its deadline for certain tax declarations.

This brings Pueblo Viejo’s total tax payments to the Government to more than $2 billion since 2013.

Pueblo Viejo’s exports in the first quarter of this year represented 37% of the country’s total exports of national goods, with a value of $399 million of a total of $1,081 million.

Pueblo Viejo has been supporting actions to mitigate the impact of Covid-19 in the country and the communities near its operations.

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To this end, it has committed nearly $1 million to various initiatives, including the donation of face masks, latex gloves, gowns, hats and antibacterial gel, delivery of non-perishable food kits to nearby communities, and the donation of 53,000 gallons of ethyl alcohol.

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“Our aim is to continue contributing to the social and economic development of the Dominican Republic by applying our sustainability philosophy to create long-term value for all our stakeholders, especially the government and people of the Dominican Republic,” says Barrick Pueblo Viejo President Juana Barceló.