About Dominican Republic

Project

The Dominican Republic is a mining friendly jurisdiction blessed with some of the world's most prospective geology for precious and base metals exploration. The country hosts several deposits including:

• Pueblo Viejo gold-silver deposit containing 9.5 million ounces of gold (proven and probable) within 25 million ounces of Measured and Indicated Resources.  Pueblo Viejo produces about 1 million ounces of gold per year at an all-in sustaining cost of about US$600.  This deposit is currently being mined by partners Barrick Gold Corporation and Newmont Corporation, who have contributed over $2 billion in tax payments to the government.
• Falcondo Nickel laterite mine owned by American Nickel Ltd.
• Cerro de Maimón copper-gold mine owned by Perilya Limited

The Dominican Republic occupies the eastern two thirds of the Island of Hispaniola in the eastern Caribbean. The country has an area of 48,000 km² and a population of about 10.5 million people.  Approximately 80% of the population lives in urban centres.  The Spanish speaking, predominantly Roman Catholic population has a literacy rate approaching 94%.  The GDP per capita is about US$17,000 and the DR has been one of the fastest growing economies In Latin America over the past two decades.

The country achieved independence from Spain in 1844 and operates under its own constitution. It has a multi-party political system, similar to the United States, with national elections every four years. A representative democracy includes a President and Vice President, a 120 member Chamber of Deputies elected by popular representation, and a 30 member Senate consisting of one representative per province or district.  The independent judicial system is composed of a lower court, an appeals court and the Supreme Court as well as a Constitutional Court tasked to consider arguments related to the application of the country’s constitution.