May 27, 2011 / 12:16 PM / 7 years ago

Barrick warns of delay on Dominican project

(Figures in U.S. dollars)

TORONTO, May 27 (Reuters) - Barrick Gold (ABX.TO) warned that its massive Pueblo Viejo gold project in the Dominican Republic could face delays after heavy rains damaged its tailings facility at the site.

The project, which is being developed in partnership with Goldcorp (G.TO) at a cost of between $3.3 billion and $3.5 billion, was due to begin production early in 2012.

The company said it is currently reviewing the damage to the tailings facility. It will in due course provide an update on the impact to both the construction timeline and the capital expenditure budget, the company said late on Thursday.

All other areas of the project, including several other facilities under construction, were unaffected by the recent storms, said both Barrick and Goldcorp in separate statements. (Reporting by Euan Rocha)

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