Pueblo Viejo Pays Another $185 Million in Taxes, Bringing Its Total Cash Distribution to the Dominican Government to +$2 Billion
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Source: GlobeNewswire
All amounts expressed in US dollars unless otherwise indicated SANTO DOMINGO, Dominican Republic, April 24, 2020 (GLOBE NEWSWIRE) -- In the first four months of 2020, Pueblo Viejo Dominicana Corporation, operator of the Pueblo Viejo gold mine, has paid $185 million (approximately RD$9,870 million Dominican pesos) 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 (equivalent to RD$6,120 million Dominican pesos) to the Internal Tax Collector (DGII), despite the Dominican Government extending its deadline for certain tax declarations. This brings P
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