Construction of the third shaft at Turquoise Ridge, which has a hoisting capacity of 5,500 tonnes per day, continues to advance according to schedule and within budget, with efforts in 2019 focused on surface civil works and shaft sinking.

Shaft pre-sink was completed after reaching a depth of 63 meters out of a total planned depth of 1,052 meters as measured by the depth of concrete liner below collar.

Under the current Life of Mine plan, the Deep South project starts to contribute to Cortez production from 2020.

The draft Environmental Impact Statement for the project was published in late October 2018, and the public comment period concluded in December 2018.

Deep South will utilize infrastructure which has already been approved under current plans to expand mining in the Lower Zone of the Cortez underground mine, including the new Rangefront twin declines, and other underground infrastructure already in use and under construction.

Construction of twin exploration declines at Goldrush continued in the second quarter of 2019, and each decline has now advanced approximately 1,200 meters of the planned 4,000 meters.

These declines will provide access to the ore body, allowing for further drilling, and the potential conversion of existing resources to reserves. The exploration declines can be converted to production declines in the future, subject to further permitting.

Donlin Gold, located in Alaska, contains 39.0 million ounces of measured and indicated gold resources (Barrick 50% equity 19.5 million ounces¹). A federally permitted project, Donlin Gold is one of the largest, undeveloped open pit gold deposits in the world. With key permitting activities largely advanced, the current focus is on integrating scoping-level optimization work into a study that will form the basis for an updated project development plan. The Donlin team is continuing its work, in collaboration with Barrick and NOVAGOLD, with a strong focus on furthering our geological understanding, engineering optimization, environmental stewardship and safety.

Norte Abierto, our joint venture with Newmont Corporation in Chile, contains 11.6 million ounces¹ of proven and probable gold reserves, and 13.3 million ounces¹ of measured and indicated gold resources (Barrick’s 50 percent share). The joint venture is now advancing an optimized project design.

Pascua-Lama, located on the border between Argentina and Chile, Pascua-Lama contains 21.3 million ounces¹ of measured and indicated gold resources. Barrick has been studying the optimization of the Pascua-Lama project. Barrick will continue to evaluate opportunities to de-risk the project while maintaining Pascua-Lama as an option for development in the future if economics improve, and related risks can be mitigated.