The Kalgoorlie operation consists primarily of the Super Pit open-pit mine, located along the Golden Mile ore bodies which were previously mined from underground. The mine is located adjacent to the town of Kalgoorlie approximately 550 kilometers east of Perth, Western Australia. Barrick holds a 50% interest with Newmont Mining Corporation holding the remaining 50% interest.
Kalgoorlie is an open-pit, truck-and-loader operation. Barrick's share of gold production in 2015 was 320,000 ounces, at a cost of sales of $307 million, and all-in sustaining costs of $886 per ounce.1 Barrick's share of proven and probable mineral reserves as of December 31, 2015, was 4.2 million ounces of gold2 (100.8 million tonnes, grading 1.28 grams per tonne).
Barrick's share of gold production in 2016 is expected to be 350,000-375,000 ounces, at a cost of sales of $760-$810 per ounce, and all-in sustaining costs of $700-$750 per ounce.1