Bulyanhulu

The Bulyanhulu mine is located in northwest Tanzania, East Africa, approximately 55 kilometers south of Lake Victoria and approximately 150 kilometers from the city of Mwanza.

The mine is an underground trackless operation using long-hole and drift-and-fill as its principal stoping methods. Ore reserves are accessed via a surface shaft and an internal ramp system. The process plant consists of a crushing and grinding circuit, a copper/gold/silver flotation circuit, a tailings thickening/filtration circuit and a tailings storage facility.

At December 31, 2007, Bulyanhulu had 12.0 million ounces of proven and probable gold reserves¹. In 2007, the mine produced 243,000 ounces of gold at total cash costs of $458 per ounce².