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zaldivar

Zaldívar is a 50/50 joint venture operation with Antofagasta Plc, overseen by a joint Board of Directors with three Barrick nominees and three Antofagasta nominees. Antofagasta is the operator of the mine.

The mine 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. An open-pit, heap-leach copper mine, it lies at an average elevation of 3,000 meters. 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 222 million pounds of copper in 2014 at C1 cash costs of $1.79 per pound1 and C3 fully allocated costs of $1.94 per pound1. Proven and probable copper reserves as at December 31, 2014, were 5.6 billion pounds2 (100% basis).

Performance

222,000,000 Pounds of copper produced in 2014 5,558,000,000 Pounds of proven and probable copper reserves (100% basis)
Date Download Description
January 1, 2013 files/design/bodybg/zaldivar.jpg
Operations > Cooper > Zaldívar

Footnotes

  1. C1 cash costs per pound and C3 fully allocated costs per pound are non-GAAP financial performance measures. See pages 81-91 of Barrick's Fourth Quarter and Year-End 2014 Report.
  2. Calculated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. For a breakdown and additional details on tonnes, grade and ounces, see pages 93-98 of Barrick's Fourth Quarter and Year-End 2014 Report.