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North America

NORTH AMERICA

Nevada Gold Mines in Nevada, USA, is the single largest gold-mining complex in the world, producing approximately 3.5 million ounces a year. Owned 61.5% and operated by Barrick, it comprises three of the company’s Tier One assets, namely Carlin, Cortez and Turquoise Ridge, while the development of Barrick’s Goldrush-Fourmile project will secure Cortez’s Tier One status well into the future. Completing Barrick’s portfolio in the North America region is Hemlo in Ontario, Canada, which is being modernized and refocused to ensure its continued viability.

2019 NORTH AMERICA PRODUCTION1: 2.4Moz

2019 North America Production

1 Attributable gold production excludes the impact of Golden Sunlight, which was placed on care and maintenance during 2019.
2 The Nevada Gold Mines joint venture was formed on July 1, 2019. Barrick’s Goldstrike and Newmont’s Carlin operation were contributed to the joint venture and are now collectively referred to as Carlin. Additionally, Barrick’s Turquoise Ridge and Newmont’s Twin Creeks operation were contributed to the joint venture and are now collectively referred to as Turquoise Ridge. As a result, amounts presented for Carlin on a 100% basis for 2019 include Goldstrike results for the full year ended December 31, 2019 (including South Arturo) as well as results for the legacy Carlin operation contributed by Newmont from July 1, 2019 onwards. Similarly, amounts presented for Turquoise Ridge on a 100% basis for 2019 include the legacy Barrick Turquoise Ridge operation for the full year ended December 31, 2019 as well as results from the legacy Twin Creeks operation contributed by Newmont from July 1, 2019 onwards.
3 Tier One mine.
4 Production is presented on a 100% basis.

The formation, integration and operational delivery at Nevada Gold Mines was the crowning achievement for North America in 2019.
Catherine Raw
COO North America

5-YEAR GOLD PRODUCTION FORECASTviii

5-Year Gold Production Forecast

iii, v, viii, x Please see endnotes (PDF)

Barrick is closely monitoring the global Covid-19 pandemic and Barrick’s guidance may be impacted if the operation or development of our mines and projects is disrupted due to efforts to slow the spread of the virus.

ATTRIBUTABLE MINERAL RESOURCES AND RESERVES1,ix

Attributable Mineral Resources and Reserves

1 Mineral resources are inclusive of mineral reserves.

ATTRIBUTABLE PRODUCTION2

Attributable Production

COST OF SALES, TOTAL CASH COSTS AND AISC2

Cost of Sales, Total Cash Costs and AISC

2 Excludes the impact of Golden Sunlight, which was placed on care and maintenance during 2019.
iii, v, viii, x Please see endnotes (PDF)