{"id":120966,"date":"2026-05-05T22:17:27","date_gmt":"2026-05-05T22:17:27","guid":{"rendered":"https:\/\/christiancorner.us\/index.php\/2026\/05\/05\/barrick-made-it-goldquest-found-it-whos-next-in-the-dominican-republic\/"},"modified":"2026-05-05T22:18:31","modified_gmt":"2026-05-05T22:18:31","slug":"barrick-made-it-goldquest-found-it-whos-next-in-the-dominican-republic","status":"publish","type":"post","link":"https:\/\/christiancorner.us\/index.php\/2026\/05\/05\/barrick-made-it-goldquest-found-it-whos-next-in-the-dominican-republic\/","title":{"rendered":"Barrick made it. GoldQuest found it. Who’s next in the Dominican Republic?"},"content":{"rendered":"\n
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The hotbeds of volcanic island arc terrain may represent the most favorable geology for hosting world-class reserves of both precious metals and base metals. Greater Antilles Islands<\/a>Although underexplored, they are known to have some of the world’s most significant resources of gold, silver, copper, nickel and zinc. This group of islands is located in the Caribbean Sea and includes Cuba, Hispaniola, Puerto Rico, and Jamaica.<\/strong><\/p>\n

The island of Hispaniola is divided into Haiti in the west and the Dominican Republic in the east. Like most islands, Hispaniola’s terrain was formed by intense volcanic and seismic activity, which brought rich mineral systems from the depths of the earth to the surface. The Greater Antilles are in the Dominican Republic. largest mineral reserves<\/a>Which includes gold, silver, copper, zinc and nickel.<\/p>\n

Major mining companies such as Barrick Mining (TSX:ABX,NYSE:B) and GoldQuest Mining (TSXV:GQC,OTCPL:GDQMF) have helped establish the Dominican Republic as a reliable and prospective gold jurisdiction. <\/p>\n\n

Building on this foundation, companies like Precipitate Gold (TSXV:PRG,OTCQB:PREIF) are pursuing exploration programs along similar highly prospective geological corridors, with the goal of unlocking additional discoveries.<\/p>\n

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Mining industry of the Dominican Republic<\/p>\n<\/h3>\n

Some of the world’s largest miners have set up shop in the Dominican Republic. Global major Glencore (LSE:GLEN,OTCPL:GLCNF) has operated the Falcondo ferronickel mine in the central Dominican Republic since 1971. sold the mine<\/a> For American Nickel in 2015. <\/p>\n

But in the last decade, it is the country’s gold resources that have brought in the big players. The world’s top two gold miners, Barrick and Newmont (NYSE:NEM,ASX:NEM) Invested an estimated US$5.2 billion<\/a> Their joint venture in the Pueblo Viejo gold-silver-copper mine represented 20 percent of total foreign direct investment in the Dominican Republic during that time period.<\/p>\n

One of the world’s largest gold mines by production, Pueblo Viejo began operations in 2012. As of April 2026, the mine had total proven and probable gold reserves of 12 million ounces; This is in addition to resources of 15 million ounces of gold in the measured and indicated category and 460,000 ounces of gold in the inferred category. <\/p>\n

The project produced 379,000 ounces of gold in 2025. Barrick is prioritizing its mine life extension and plant expansion project at the site, which will convert 9 million ounces of measured and indicated resources into proven and probable reserves. The goal is also to extend the life of the mine to 2040 and beyond.<\/p>\n

The same year that Pueblo Viejo began production, GoldQuest Mining discovered millions of ounces of gold-copper. Located in the country’s emerging Tiro gold-copper belt, the Romero deposit presents a new style of mineralization featuring thick intervals of gold and copper on the island. GoldQuest has identified over 7 million metric tons of gold equivalent grading 4.9 grams per metric ton total potential mineral reserves<\/a>as well as an additional resource estimate of 23 million metric tons with the majority in the indicated range. In 2017, Agnico Eagle Mines (TSX:AEM,NYSE:AEM) invested Over C$22 million<\/a> In GoldQuest to become the company’s largest shareholder.<\/p>\n<\/div>\n

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Gold companies transforming Dominican Republic mining<\/p>\n<\/h3>\n

The success of major companies such as Barrick and Newmont and excitement over the GoldQuest discovery is helping to attract further investment into the region by junior resource companies, which have begun to explore and develop projects in the Dominican Republic.<\/p>\n

“Highly prospective geological environments are often too risky for major miners because they prefer the long-term certainty of a stable jurisdiction. The fact that Barrick and Newmont and other mid-tier companies are operating projects in the Dominican Republic indicates a high level of comfort with the jurisdiction,” Jeffrey Wilson, president and CEO of Precipitate Gold, told Investing News Network. “The success of GoldQuest is proof that new discoveries can be made in this jurisdiction. These are great incentives for investment in exploration in the country.”<\/p>\n

Mr. Wilson said, \u201cSophisticated investors from the Dominican Republic business community have, over the past two years, invested millions of dollars in GoldQuest and Precipitate, which attests to their confidence in the feasibility of the industry within the country and their willingness to support ongoing exploration and discovery as a means of expanding the sector and increasing the importance of mining within the Dominican Republic.\u201d<\/p>\n

Precipitate Gold’s first investment in the Dominican Republic included the acquisition of the Juan de Herrera project in the Tiro gold-copper belt adjacent to GoldQuest’s Romero discovery. By January 2026, the company had completed a Comprehensive IP Geophysical Survey<\/a> The project consists of four priority target areas, namely Ginger Ridge East, Southeast, Centro and Zengibre South. The derived exploration data is being integrated into nearshore drill targeting, which includes several areas displaying geophysical signatures consistent with known mineral systems in the Tyro Belt. This work positions the Juan de Herrera Project as a high priority exploration property within a proven gold-copper trend.<\/p>\n

In 2019, Precipitate acquired its flagship Pueblo Grande project, which is right next to Barrick’s Pueblo Viejo mine. This project was under a Earnings Agreement with Barrick<\/a> From April 2020 to March 2025, the partnership outlined the geological prospectivity of the Pueblo Grande land package and the key structural and mineralogical characteristics shared with the neighboring Pueblo Viejo deposit. A 3 percent NSR yield was offered on a portion of Barrick’s Pueblo Viejo license. Barrick invested C$1.3 million in a private placement, spent US$7 million on exploration and paid US$5 million in cash as part of an amendment under the agreement.<\/p>\n

A Drill contract with Energold Group<\/a> was signed by Precipitate in February 2026 Diamond excavation program started<\/a> In the Pueblo Grande Norte zone in March 2026. \u201cThe identification of a large and untapped cluster of chargeability anomalies located right next to a world-class mining operation represents an exciting exploration opportunity for the company,\u201d Wilson said. This marks a significant milestone for Precipitate as it transitions from target production to active drilling within a district known for hosting world-class assets.<\/p>\n

With established deposits validating the Tiro Belt and surrounding districts, exploration efforts are increasingly focused on identifying parallel or contiguous systems, placing Precipitate Gold at the forefront of exploration potential in the country.<\/p>\n<\/div>\n

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Dominican Republic mining built on excellent infrastructure<\/p>\n<\/h3>\n

The Dominican Republic’s favorable geological environment is not its only attractive feature. <\/p>\n

As the largest economy in the Caribbean, the country has excellent infrastructure, including eight major highways and nine active highways. international port<\/a>. Over the past decade, the government has invested in improving road infrastructure nationwide. According to the World Economic Forum Global Competitiveness Report 2019<\/a>The transportation infrastructure of the Dominican Republic is ranked number one in the Latin America and Caribbean region and 37th out of 141 countries globally.<\/p>\n

International Monetary Fund is predicting<\/a> The country’s GDP growth for 2026 is 3.7 percent, up from 2.1 percent for 2025. After a 4.9 percent increase in 2019, a decline of 7.9 percent was seen in 2020, but it increased to 14 percent in 2021.<\/p>\n

According to the World Bank<\/a>The country is striving to become a high-income nation by 2036: “Over the past twenty years, the economy of the Dominican Republic has grown faster than the Latin American average. However, to ensure inclusive growth and reach its goal of becoming a high-income nation, the country must increase productivity and create more quality jobs.”<\/p>\n<\/div>\n

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Investor Takeaway<\/p>\n<\/h3>\n

The Dominican Republic’s proven deposits, strong infrastructure and supportive economic outlook continue to attract mining investment. While major operators have validated the country’s geological potential, players like Precipitate Gold offer investors direct exposure to new exploration opportunities along similar mineral trends. With active drilling, a strategic project location adjacent to established deposits and a solid funding base, Precipitate is well positioned to capitalize on the next phase of exploration growth in this emerging gold district.<\/p>\n<\/div>\n

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This INNspired article is sponsored by Precipitate Gold (TSXV:PRG,OTCQB:PREIF). it inninspired<\/em><\/strong> The article provides information that was sourced and approved by the Investing News Network (INN) gold precipitation <\/em>To help investors learn more about the company. gold precipitation<\/em> Is a customer of INN. To create and update the INN, one has to pay the company’s campaign fee. inninspired<\/em><\/strong> Article.<\/em><\/strong><\/p>\n

it inninspired<\/em><\/strong> The article was written in accordance with INN editorial standards to educate investors.<\/strong><\/em><\/p>\n

INN does not provide investment advice and the information in this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any profiled company.<\/strong><\/em><\/p>\n

The information contained herein is for information purposes only and should not be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all publicly available information related to the Company. Before taking any investment decision, it is recommended to consult readers directly gold precipitation<\/em> And seek advice from a qualified investment advisor.<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n