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 2016 was 376,000 ounces, at a cost of sales of $762 per ounce, and all-in sustaining costs of $706 per ounce.1 Barrick's share of proven and probable mineral reserves as of December 31, 2016, was 4.1 million ounces of gold2 (100 million tonnes, grading 1.29 grams per tonne).
Barrick's share of gold production in 2017 is expected to be 360,000-400,000 ounces, at a cost of sales of $750-$790 per ounce, and all-in sustaining costs of $680-$720 per ounce.1