The Cortez mine is located 100 kilometers southwest of Elko, Nevada, on one of the world’s most highly-prospective mineral trends. The Pipeline and Cortez Hills deposits are mined by conventional open-pit methods, and the Cortez Hills underground is an underhand cut and fill operation.
With a 382-square-mile land package, Cortez remains a highly prospective district for Barrick.
The mine produced 1.06 million ounces of gold in 2016, at a cost of sales of $901 per ounce, and all-in sustaining costs of $518 per ounce1. In 2017, production is expected to be 1.25-1.29 million ounces, at a cost of sales of $730-$760 per ounce, and all-in sustaining costs of $430-$470 per ounce.1
Proven and probable mineral reserves as of December 31, 2016, were 10.2 million ounces of gold2 (151 million tonnes, grading 2.11 grams per tonne).