Slide 1: Nevada Mine Tour – Goldstrike
Nevada Mine Tour Goldstrike Andy Cole í September 17, 2014 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance,
Slide 2: Agenda / Goldstrike Safety Briefing
Agenda Safety Highlights Site Overview Reserves / Resources Operations Update Opportunities 3 Goldstrike Safety Briefing DURING YOUR TIME AT GOLDSTRIKE, ENSURE THAT YOU: Follow all direction given to you by a Barrick representative Do not enter any work area or site without prior per
Slide 3: Goldstrike Safety Record / Highlights
Goldstrike Safety Record 2014 YTD TRIFR(1) í 0.90 Total Reportable Incident Frequency Rates Peer Average TRIFR(2)= 1.91 1.15 1.39 1.35 1.23 2014 NvMA Awards 0.91 – 1st Place: Medium Mine - Roaster – 2nd Place: Large Surface Mine 2009 2010 2011 2012 2013 – 3rd Place: Large UG Mine – 4 Safety Pe
Slide 4: Property Location / Site Overview
Property Location OREGON IDAHO Turquoise Turquoise Ridge Ridge Goldstrike Goldstrike Carlin Elko Cortez Bald Mtn. Reno Western 102 Power-Plant Ruby Hill Carson City NEVADA Round Mountain Cortez Bald Mtn. Ruby Hill Las Vegas 0 miles 50 100 Round Mountain 0 miles 100 200 7 Site Overview (looking NW) M
Slide 5: Reserves and Resources / Reserve Split
Reserves and Resources(1) Tons Grade Contained oz (as of Dec. 31/13) (000s) (oz/ton) (millions) P&P Reserves 94,729 0.113 10.71 Measured Resources 1,954 0.281 0.55 Indicated Resources 9,940 0.168 1.67 Inferred Resources 2,383 0.202 0.48 (1) See final slide #1. 9 Reserve Split Tons Grade Contained oz
Slide 6: Historic Production – Open Pit Mining Betze-Post
Historic Production 11 Open Pit Mining – Betze-Post Conventional truck/shovel operation Pit Dimensions: 2 miles x 1 mile x 1,400 ft deep 2013 2014E Mining rate (tpd) 260,000 240,000 Average Grade (oz/ton) 0.12 0.13 Strip Ratio (waste/ore) 15:1 8:1 Mining Cost (per ton) $1.93 $1.91 12
Slide 7: Open Pit Sequencing / Site Overview
Open Pit Sequencing 4NW West 3NW Barrel North Betze 2015 Mining in North Betze 2016 Mining 3NW, finish North Betze 13 Site Overview (Looking SE) Autoclave Admin/Shop Open Pit Operations Roaster Rodeo Underground Operations Service Production 14
Slide 8: Underground Mining / Plan View
Underground Mining Mined by longhole open stoping and underhand drift and fill methods Cement rock and paste backfill 2013 2014E Mining rate (tpd)(1) 4,400 4,700 Average Grade (oz/ton) 0.28 0.26 Mining Cost (per ton) $122 $116 (1) Includes Storm. 15 Underground Plan View BANSHEE MEIKLE GRIFFIN R
Slide 9: Underground Sequencing / Processing Facilities
Underground Sequencing NORTH POST MEIKLE RODEO BANSHEE N 17 Processing Facilities Autoclaves (12,000 tpd)(1) Treats oxide / single refractory ore with acidic/alkaline POX 2014E cost: $40 per ton 2013 cost: $47 per ton 2014E average recovery: 59% 2013 average recovery: 57% (1) Following mod
Slide 10: Roaster and Autoclave Flowsheets
Roaster Flowsheet Particulate GRINDING removal and Condensers Dry Grinding. Double Rotators CRUSHING ROASTING 2 stages 2 stage fluid bed LEACHING CALCINE THICKENER Neutralization Tailings pond Carbon in leach circuit Wet ESP GAS CLEANING Hg removal SO2 Scrubbing CO, NO x reduction 19 Autoclave Flows
Slide 11: Opportunities: TCM / What is TCM Leach?
Opportunities: TCM (Total Carbonaceous Material) March 2014 21 What is TCM Leach? TCM = Total Carbonaceous Material TCM Leaching is the process of leaching and recovering gold in the presence of TCM Traditional Leaching Process – Cyanide (NaCN) is the leaching chemical, – Coconut shell carbon ad
Slide 12: Opportunities: TCM Leaching / Flowsheet
Opportunities: TCM Leaching Autoclaves being modified with patented leach process to treat stockpiled ounces that previously could only go through roaster Accelerates 4.0 million ounces from end of mine life Expected to contribute 0.35-0.45 million ounces per year in first full 5 years of oper
Slide 13: Goldstrike Outlook / South Arturo JV
Goldstrike – Outlook(1) 2014E production: high end of 865,000-915,000 ounce range 2014E AISC: low end of $920-$950 per ounce range(2) Patented thiosulfate process on schedule for Q4 2014 Production expected to be over 1.0 million ounces in 2015 (1) See final slide #3. (2) See final slide #2.
Slide 14: South Arturo Development Plan / Exploration
South Arturo í Development Plan EIS Approval: May 2014 Capital cost: ~$35M(1) Start up: end of 2015 First phase: total of 0.44 Moz(1) in 2016-2017 Mining costs: ~$1.65/ton Recovery: 86% Ore will be treated through Goldstrike’s processing facilities (1) 100% basis. 27 27 Opportunities –
Slide 15: Opportunities – Operational Excellence / Footnotes
Opportunities – Operational Excellence Natural gas conversion Paste backfill In-sourcing initiatives Inventory optimization Fleet optimization 29 29 Footnotes 1. As of December 31, 2013. Calculated in accordance with National Instrument 43-101 as required by Canadian securities regulatory
Slide 16: Appendix: Development History
Appendix 31 Development History Goldstrike deposit discovered in 1962 American Barrick acquires Goldstrike in 1987 Rodeo and Meikle discovered in 1988 Autoclaves first commissioned in 1990 Meikle underground production begins in 1996 Roaster commissioned in 2000 30 millionth ounce prod
Slide 17: Geology / Open Pit Mining Fleet
Geology Carlin Trend í one of North America’s most prolific gold-producing area Basic geology of northern trend with gold deposits shown in red Devonian Popovich Formation is rincipal ore host at Betze-Post Gold is mainly located within hydrothermal arsenian pyrite, and is associated with As
Slide 18: Underground Fleet / Equipment
Underground Fleet / Equipment 3 shafts – Meikle production – Rodeo service – Personnel 2 portals from open pit 250 pcs mobile equipment 2 fully equipped UG shops 2 cooling plants 5 Main Fans – 3.0 M CFM 35