Western 102 Power Plant

The Company has built a 115-megawatt natural gas-fired power plant that became operational in 2005. This power plant provides the Goldstrike Property with the flexibility to generate its own power or buy cheaper power from other producers, with the goals of minimizing the cost of power consumed and enhancing the reliability of electricity availability at the mine. For 2006, its first full year of operations, this facility met all expectations and reduced total cash costs at Goldstrike by $9 per ounce of gold produced for a total saving of $18 million.