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zaldivar

Zaldívar is located in the Andean Precordillera in Region II of northern Chile, approximately 1,400 kilometers north of Santiago and 175 kilometers southeast of the port city of Antofagasta. The mine lies at an average elevation of 3,000 meters.

Zaldívar is an open-pit, heap-leach copper mine. Pure cathode copper is produced by three stages of crushing and stacking, followed by heap leaching and bacterial activity to remove the copper from the ore. Run-of-mine dump leach material is placed on the old sulphide ore pad and leached.

Zaldívar produced 279 million pounds of copper in 2013 at C1 cash costs of $1.60 per pound1 and C3 fully allocated costs of $1.94 per pound1. Proven and probable copper reserves as at December 31, 2013, were 6.0 billion pounds2.

Production at Zaldívar is anticipated to decrease in 2014 with fewer ore tons mined and processed in line with the mine plan. Production will also be impacted by lower recoveries as the mine processes a higher percentage of secondary sulfide material. C1 cash costs are expected to increase as a result of the impact of lower production on unit costs.

Performance

279,000,000 Pounds of copper produced in 2013 6,000,000,000 Pounds of proven and probable copper reserves
Date Download Description
January 1, 2013 files/design/bodybg/zaldivar.jpg
Operations > Cooper > Zaldívar
  1. C1 cash costs per pound and C3 fully allocated costs per pound are non-GAAP financial performance measures. See pages 46-51 of Barrick’s Second Quarter 2014 Report.

  2. Calculated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. For a breakdown of reserves and resources by category and additional information relating to reserves and resources, see pages 27-37 of Barrick’s 2013 Form 40-F.