Projects
Donlin Creek
The Donlin Creek project is a large, undeveloped, refractory gold deposit in Alaska about 450 kilometres northwest of Anchorage. In December 2007, Barrick and NovaGold formed a limited liability company on a 50/50 basis to oversee the development of the project. The project is expected to have a throughput design of approximately 50,000 tonnes per day. A feasibility study update was approved by the Board of the Donlin Creek LLC in second quarter 2009.
Further optimization studies are underway primarily focused on the potential to utilize natural gas to reduce operating costs. This work is expected to be completed by mid-2010, at which point the Donlin Creek LLC will either file permit applications for the original project design or, upon unanimous Donlin Creek LLC board approval, approve a supplemental budget and proceed to revise the feasibility study to include the natural gas option.
As of year-end 2009, Barrick’s share of measured and indicated gold resources was 18.4 million ounces1.
1 Click here for more information regarding reserve and resource measurements.