![]() ![]() Earlier, the precious metal reached a record of US$ 1080.60.Īlthough it was for the Dominican negotiators certainly an unexpected dimension where the price levels of gold has reached, it is likely that for Placer Dome and Barrick Gold then was not surprised the behavior of the metal in international markets …. Yesterday gold was quoted at US$ 1079.40 an ounce from US$ 1059.15 on Monday afternoon in New York. Today gold prices in spot and future market reached record levels, boosted by the sale of 200 tonnes of gold made by the International Monetary Fund. ![]() This recalls that when the contract was negotiated the price of gold was between 200 and 250 dollars the troy ounce, while higher prices were expected that gold reached up to US$ 450. ![]() This was recognized by the economist Iván Rodríguez, who helped negotiate the contract with Placer Dome which later was transferred to Barrick Gold. State would receive only US$ 32 Million per year for US$ 1,000 Million exported Goldĭominican negotiators of the contract for the exploitation of gold from sulfide of ¨ Pueblo Viejo¨ never thought gold prices were to reach the levels where they are today.įor this reason the country would receive in the first seven years of operation of the mine only $ 32 million a year for exports worth 1,000 million. Dominican negotiators of the contract did not anticipate that gold would reach the current price. ![]()
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