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. It 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. The company’s principal products and sources of earnings are gold and copper. As of December 31, 2013, the company’s total proven and probable gold mineral reserves were 104.1 million ounces. Its total proven and probable copper reserves were 14.0 billion pounds. Operating Units Cortez 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 company’s Cortez property produced approximately 1.3 million ounces of gold. In 2013, approximately 70,630 meters in 86 exploration holes were drilled at Cortez, including Cortez Hills and Goldrush. Goldstrike The Goldstrike property is located in Elko and Eureka Counties in north central Nevada. The company’s Goldstrike property produced approximately 0.9 million ounces of gold. As of December 31, 2013, 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 The company’s 60% interest in the Pueblo Viejo mine achieved commercial production in 2013 and produced approximately 488 thousand ounces of gold. 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. Lagunas Norte The Lagunas Norte mine is located in the Alto Chicama mining district. The property is at an elevation of 4,000 to 4,260 meters above sea level. The company’s Lagunas Norte mine produced approximately 606 thousand ounces of gold. As of December 31, 2013, a total of 1,571 holes and 240,750 meters have been drilled at Lagunas Norte with approximately 58,094 meters of reverse circulation and approximately 182,656 meters of diamond drill. Veladero The company’s Veladero mine produced approximately 641 thousand ounces of gold. The Veladero mine includes the mining of gold and silver from two original open pits: the Filo Federico pit and the Amable pit. As of December 31, 2013, the Veladero drilling database (including Argenta) comprises 272,667 meters of reverse circulation drill holes and 4,171 meters of diamond core drill holes and a total of 3,975 meters of channel samples from declines. North America – Other The company’s North America – other portfolio consists of its 50% interest in the Round Mountain mine, its Ruby Hill mine, its Hemlo property, its 33% interest in the Marigold mine, its Bald Mountain mine, its Golden Sunlight mine and its 75% interest in the Turquoise Ridge mine. Australia Pacific The company’s Australia Pacific operating unit consists of its 95% interest in the Porgera mine in Papua New Guinea, its Cowal mine, and its 50% interest in the Kalgoorlie mine. The Australia Pacific operating unit produced approximately 1.77 million ounces of gold. African Barrick Gold plc The company’s operations consist of its Bulyanhulu mine, its North Mara mine and its Buzwagi mine, all located in Tanzania. The company has 63.9% equity interest in African Barrick Gold plc. Global Copper The global copper operating unit includes the company’s Zaldívar copper mine in Chile and its Lumwana mine in Zambia. The projects included in its copper business consist of the Jabal Sayid project in Saudi Arabia and the Kabanga nickel project in Tanzania. Zaldívar Mine Zaldívar is an open pit heap leach copper mine located in northern Chile. The mine is located in the Andean Precordillera in Region II of northern Chile, approximately 1,400 kilometers north of Santiago and 196 kilometers southeast of the port city of Antofagasta. In 2013, 21 reverse circulation holes were drilled for 6,662 meters. 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. As of December 31, 2013, the drill hole database used to support the development of mineral resources for the Pascua-Lama property contains 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. 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. Dispositions In 2013, the company completed the sale of its Barrick Energy oil and gas business segment. In 2013, the company completed the sale of its Yilgarn South assets. In January 2014, the company completed the sale of its Plutonic mine in Australia. In March 2014, the company completed the divestment of a portion of its equity interest in African Barrick Gold plc. Significant Events In July 2014, Barrick Gold Corporation announced that it has reached an agreement to form a joint venture with Saudi Arabian Mining Company (Ma'aden) to operate the Jabal Sayid copper mine, located 120 kilometers southeast of Medina, Saudi Arabia. In July 2014, Barrick Gold has signed a deal to form a joint venture with Saudi Arabian Mining (Ma'aden) to operate the Jabal Sayid copper mine near Medina, Saudi Arabia. History Barrick Gold Corporation was founded in 1983.
barrick gold corp (ABXN:Mexico)
TD Canada Trust Tower
161 Bay Street
Toronto, ON M5J 2S1
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