Name: Veladero mine.
Location: The Veladero mine is located in the San Juan province of Argentina, immediately to the south of the Pascua-Lama property, in the highly prospective Frontera district.
Controlling Company: Barrick Gold (100%).
Brief History: The deposits at Veladero mine were discovered in 1997. However, development of the mine only started in 2002, with production beginning in 2005.
Brief Description: The Veladero mine currently produces ore from two pits, with an expected minimum mine life of 16 years.
Geology/Mineralisation: The Veladero mine property contains several large deposits of gold and silver mineralisation in altered, silicified volcanic rock, and various types of silicified breccia. Main-stage mineralisation is superimposed on the Miocene volcanic vent complex of diatreme breccias, associated pyroclastic rocks, flow domes, and porphyry intrusions.
Reserves: Proven and probable mineral reserves as at December 31, 2013, were 5.1-million ounces of gold.
Products: Gold.
Mining Method: Veladero is a conventional openpit operation.
Major Infrastructure and Equipment: Ore is crushed using a two-stage crushing process and transported by overland conveyor and trucks to the leach pad area. Run-of-mine ore is trucked directly to the valley-fill leach pad.
Prospects: Gold production in 2014 is expected to be 650 000 oz to 700 000 oz, reflecting increased recovery of leached ounces and higher grades from the Argenta and Filo Federico pits.
Contact person: Investor relations.
Contact details:
Barrick Gold,
Tel +1 416 861-9911,
Email investor@barrick.com, and
Website http://www.barrick.com.