Barrick Gold Corporation engages in the production and sale of gold, as well as related activities, such as exploration and mine development. The company also produces copper, principally from the Zaldívar and Lumwana mines and holds other interests. The company has operating mines or projects in Canada, the United States, the Dominican Republic, Peru, Chile, Argentina, Tanzania, Zambia, Australia, Papua New Guinea, and Saudi Arabia. As of December 31, 2014, the company’s total proven and probable gold mineral reserves were 93.0 million ounces. Its total proven and probable copper reserves were 9.6 billion pounds. Material Properties Cortez Property The Cortez property is located 100 kilometers southwest of Elko, Nevada in Lander County. Mining operations include the Pipeline Complex and the Cortez Hills Complex, located 18 kilometers southwest and 26 kilometers south of the town of Crescent Valley Nevada, respectively. The Pipeline Complex, Gold Acres, Cortez Hills Complex, and Horse Canyon areas are the major projects that are part of the Cortez property. Goldstrike Property The Goldstrike property is located in Elko and Eureka counties in north central Nevada. As of December 31, 2014, the Goldstrike property comprised 4,198 hectares of surface rights ownership/control (3,420 hectares private and 778 hectares public) and 3,535 hectares of mineral rights ownership/control (2,741 hectares private and 794 hectares public). Pueblo Viejo Mine The Pueblo Viejo mine is an open pit mining operation located in the central part of the Dominican Republic on the Caribbean island of Hispaniola in the province of Sánchez Ramírez. The company has 60% interest in the Pueblo Viejo mine. As of December 31, 2014, the drill hole database used to support the development of mineral resources for the Pueblo Viejo property contained 2,155 drill holes, consisted of 838 diamond drill core holes, 114 reverse circulation, and 1,203 percussion holes and rotary samples. Lagunas Norte Mine The Lagunas Norte mine is an open pit, heap leaching operation. The mine is located in the Alto Chicama mining district. During 2014, Lagunas Norte drilled 7,328 meters in 49 holes (infill drilling) with spacing ranging from 40 to 30 meters. As of December 31, 2014, a total of 1,659 holes and 253,041 meters had been drilled at Lagunas Norte with approximately 67,843 meters of reverse circulation and approximately 184,139 meters of diamond drill. Veladero Mine The Veladero mine is an open pit mine using heap leaching. The Veladero mine includes the mining of gold and silver from the Filo Federico pit. The Veladero property is located entirely in San Juan Province, Argentina. The Veladero mining properties cover an area of approximately 14,420 hectares. As of December 31, 2014, the Veladero drilling database included 282,346 meters of reverse circulation drill holes and 37,824 meters of diamond core drill holes and a total of 3,975 meters of channel samples from declines. Zaldívar Mine Zaldívar is an open pit heap leach copper mine. The mine is located in the Andean Precordillera in Region II of northern Chile. In 2014, 14 reverse circulation holes were drilled for 3,840 meters in Stages 6, 9 and 10. Lumwana Mine The Lumwana mine is an open pit copper mine and conventional sulfide flotation processing facility located on the Central African Copperbelt in the North-Western Province of Zambia. Pascua-Lama Project The Pascua-Lama property is located in the Frontera District in Chile’s Region III and Argentina’s San Juan Province. The total project area consists of approximately 45,500 hectares in Chile and Argentina. In both Chile and Argentina, the company, through its wholly-owned Chilean subsidiary, Compañia Minera Nevada SpA, and its wholly-owned Argentinean subsidiary, Barrick Exploraciones Argentina S.A., owns the mining property in the project area. As of December 31, 2014, the drill hole database used to support the development of mineral resources for the Pascua-Lama property contained 1,222 reverse circulation holes; 300 diamond drill core holes; 282 underground diamond drill core holes; 1,785 underground channel samples; 577 surface channel samples; 204 metallurgical samples; and 20 muck samples. Goldrush The Goldrush project, which is located 6 kilometers southeast of the Cortez Hills mine and 24 kilometers southeast of the Pipeline mine on 100% company-owned property in Nevada, is advancing through a prefeasibility study. As of December 31, 2014, the Goldrush project had 10.6 million ounces of measured and indicated resources and 4.9 million ounces of inferred resources. Jabal Sayid Jabal Sayid is an advanced copper project in Saudi Arabia located approximately 350 kilometers northeast of the Red Sea port of Jeddah and 120 kilometers southeast of Medina. In 2014, the company formed a joint venture with Saudi Arabian Mining Company, which is 50% owned by the Saudi Arabian government, to operate the Jabal Sayid project. Donlin Gold and Cerro Casale The Donlin Gold project is a large, primarily refractory gold deposit located in Southwestern Alaska. Cerro Casale, on a 100% basis, had total proven and probable gold and copper mineral reserves of 23.2 million ounces of gold and 5.8 billion pounds of contained copper as of December 31, 2014. Kabanga The company is party to a joint-venture agreement with Glencore Canada Corporation with respect to the Kabanga nickel deposit and related mineral licenses in Tanzania. Kabanga has a total estimated measured and indicated resource of 37.2 million tonnes grading 2.63% nickel and an inferred resource of 21 million tonnes grading 2.6% nickel. Dispositions In 2014, the company completed the sale of its Plutonic mine in Australia. Strategy The company’s exploration strategy focuses on finding new discoveries; replacing and adding reserves and resources at its existing operations and development projects; and identifying and delivering exploration upside following acquisitions. History Barrick Gold Corporation was founded in 1983.
barrick gold corp
(ABXN:Mexico Stock Exchange)
TD Canada Trust Tower
161 Bay Street, PO Box 212
Toronto, ON M5J 2S1
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