goldstrike

Goldstrike is located on the Carlin Trend, the most prolific gold mining district in the Western Hemisphere, about 60 kilometers northwest of Elko, Nevada. The operation includes the Betze-Post open pit mine — a truck and shovel operation — and the Meikle and Rodeo underground mines.

Goldstrike produced 1.05 million ounces of gold in 2015, at a cost of sales of $722 million, and all-in sustaining costs of $658 per ounce.1 Goldstrike’s proven and probable mineral reserves as of December 31, 2015, were 8.5 million ounces of gold2 (74 million tonnes, grading 3.59 grams per tonne). 

Production at Goldstrike in 2016 is expected to be 1.05-1.10 million ounces of gold, at a cost of sales of $860-$900 per ounce, and all-in sustaining costs of $720-$760 per ounce.1

Thiosulphate Project
Modifications to Goldstrike Autoclave Circuit (PDF)

Our innovative thiosulfate leaching circuit achieved commercial production in Q3 2015 and we expect to complete its ramp up by Q3 2016.

Map

Performance

1,053,000 Ounces of gold produced in 2015 8,539,000 Ounces of proven and probable gold reserves
Date Download Description
January 1, 2013 files/design/bodybg/goldstrike.jpg
Operations > North America > Goldstrike

Footnotes

  1. "Cash costs" per ounce and "All-in sustaining costs" per ounce are non-GAAP financial performance measures. "Cash costs" per ounce is based on cost of sales but excludes, among other items, the impact of depreciation. "All-in sustaining costs" per ounce begins with "Cash costs" per ounce and adds further costs which reflect the additional costs of operating a mine, primarily sustaining capital expenditures, general & administrative costs and minesite exploration and evaluation costs. Barrick believes that the use of "cash costs" per ounce and "all-in sustaining costs" per ounce will assist investors, analysts and other stakeholders in understanding the costs associated with producing gold, understanding the economics of gold mining, assessing our operating performance and also our ability to generate free cash flow from current operations and to generate free cash flow on an overall Company basis. "Cash costs" per ounce and "All-in sustaining costs" per ounce are intended to provide additional information only and do not have any standardized meaning under IFRS. Although a standardized definition of all-in sustaining costs was published in 2013 by the World Gold Council (a market development organization for the gold industry comprised of and funded by 18 gold mining companies from around the world, including Barrick), it is not a regulatory organization, and other companies may calculate this measure differently. These measures should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS. Further details on these non-GAAP measures are provided in the MD&A accompanying Barrick's financial statements filed from time to time on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

  2. Calculated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2015, unless otherwise noted. Complete mineral reserve and mineral resource data for all mines and projects referenced on this website, including tonnes, grades and ounces, can be found on pages 25-35 of Barrick’s 2015 Form 40-F/Annual Information Form.
Gold  $ 1,202.71 +5.31 +0.44% Volume: January 16, 2017
ABX NYSE  $ 16.87 -0.02 -0.12% Volume: 12,428,469 January 13, 2017
ABX TSX  $ 22.17 +0.01 +0.04% Volume: 3,347,929 January 13, 2017
Gold  $ 1,202.71 +5.31 +0.44% Volume: January 16, 2017

Our vision is the generation of wealth through responsible mining — wealth for our owners, our people, and the countries and communities with which we partner.

World Gold Council Member

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