Barrick’s 2015 full year gold production guidance is 6.2-6.6 million ounces, at all-in sustaining costs of $860-$895 per ounce, from a portfolio that includes some of the world’s premier gold assets. The company expects to generate positive free cash flow in 2015 at current gold prices.
Our five cornerstone mines — Cortez and Goldstrike in Nevada, Pueblo Viejo in the Dominican Republic, Lagunas Norte in Peru and Veladero in Argentina — are forecast to contribute 60% of overall 2015 production at all-in sustaining costs of $725-$775 per ounce. At two grams per tonne, these mines have an average reserve grade more than double that of our peer group average1. They are among the most attractive assets in the entire gold industry, generating strong free cash flow even in today’s gold price environment, while offering exceptional leverage to higher gold prices.
Copper production in 2015 is expected to be 480-520 million pounds at C1 cash costs of $1.75-$2.00 per pound.