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Friday, April 30, 2010

Barrick (TSE:ABX) Capital Expenditures Target Pueblo Viejo and Pascua-Lama

Barrick (TSE:ABX) (NYSE:ABX) CFO Jamie Sokalsky recently said that the great portion of the capex or capital expenditures will target the Pueblo Viejo project in the Dominican Republic, and the Pascua-Lama project located in Argentina and Chile.

The company has said aside $1.7 billion for its capex budget this year, which will cover 100 percent of the financing required at Pueblo Viejo.

Of the $1.7 billion budget, $1.6 billion will go to the two projects mentioned above.

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