Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) grew attributable proven and probable gold mineral reserves by 17.4 million ounces4 (23%) before 2024 depletion. Attributable proven and probable mineral reserves now stand at 89 million ounces at 0.99g/t2, increasing from 77 million ounces at 1.65g/t3 in 2023. The year-on-year change was led by the conversion of Reko Diq copper-gold resources to mineral reserves, adding 13 million ounces of gold at 0.28g/t2 on an attributable basis, following the completion of the feasibility study. Significantly, before the addition of Reko Diq, Barrick delivered a fourth consecutive year of replacing annual depletion at a 4% higher grade, continuing to demonstrate the results of an unremitting focus on asset quality and further extending the life of our existing operations.
Since the end of 2019, Barrick has replaced more than 180%4 of the company’s depleted gold reserves, adding almost 46 million ounces4 of attributable proven and probable reserves (77 million ounces4 of proven and probable reserves on a 100% basis) across Barrick-managed assets.
Attributable measured and indicated gold resources for 2024 remain consistent, at 180 million ounces at 1.06g/t2, with a further 41 million ounces at 0.9g/t2 of inferred resources, up 5% from 2023.
At the same time, copper mineral reserves grew by 224% year-on-year on an attributable basis, at more than 13% higher grade to 18 million tonnes of copper at 0.45%2, from 5.6 million tonnes of copper at 0.39% in 20233. This resulted from the completion of the Lumwana and Reko Diq feasibility studies affirming both as Tier One6 Copper projects. The Lumwana Super Pit Expansion feasibility study added 5.5 million tonnes of copper reserves to the project, resulting in proven and probable copper reserves of 8.3 million tonnes of copper at 0.52%2. The Reko Diq feasibility study added 7.3 million tonnes of copper at 0.48% to attributable copper reserves. This represents an addition of more than 20 million tonnes2 of proven and probable copper reserves on a 100% basis since 2023.
Attributable measured and indicated copper resources for 2024 stand at 24 million tonnes of copper at 0.39%2, with a further 3.9 million tonnes of copper at 0.3%2 of inferred resources, reflecting the conversion and upgrade of copper mineral resources at Lumwana.
For 2024, mineral reserves are based on an updated gold price assumption of $1,400/oz1 and a consistent copper price of $3.00/lb1. Mineral resources are reported inclusive of reserves and for 2024 are based on an updated gold price of $1,900/oz1 and a consistent copper price of $4.00/lb1.
President and chief executive Mark Bristow said Barrick’s strategy of investing in organic growth through exploration and mineral resource management has set the company apart from its peers within the industry, positioning Barrick as a champion for value creation as we continue to grow our production profile organically.
“In order for our industry to help build a better world, we have to invest in our own future, with transformational projects like the Lumwana Super Pit Expansion, Pueblo Viejo Expansion, Reko Diq and Fourmile. Barrick’s vision for these projects extends beyond mining, ensuring the benefits of these investments provide multi-generational benefits to our host countries and local communities through the development of local service provider partnerships and investment in the sustainability of our operating environments,” said Bristow.
Mineral Resource Management and Evaluation Executive Simon Bottoms said that since the end of 2019, Barrick has successfully added 111 million ounces4 of attributable gold equivalent reserves at a cost of approximately $10 per ounce5, demonstrating the value proposition of our strategy.
“The company’s reserve prices of $1,400/oz for gold1 and $3.00/lb for copper1 are designed to extract the optimum value from our geologically defined orebodies whilst delivering the highest value, demonstrating the quality differentiation of our Tier One6 assets. This approach is complemented by our reserve replacement strategy, where we aim to add value by delineating ore body extensions and satellites at our long-term reserve prices rather than diluting the quality of our reserves through lifting reserve prices beyond the relative levels of cost inflation,” said Bottoms.
Gold mineral reserves in the Africa & Middle East region, after annual depletion, grew to 19 million ounces at 3.35g/t2 in 2024 from 18.8 million ounces at 3.24g/t3 in 2023. This was predominantly driven by both Bulyanhulu and Loulo-Gounkoto, with extensions of the high-grade Reef 2 and Yalea underground orebodies respectively, combined with growth of the Faraba open pit. Overall, this delivered a 2.3 million ounce2 increase in attributable proven and probable reserves across the region, before depletion. North Mara also contributed to the strong results through the extension of the Gokona underground and Gena open pit. At Kibali, the ongoing conversion drilling in the 9000 and 11000 lodes in KCD underground replaced 98% of depletion, with ongoing development to establish further underground drill platforms for 2025.
The Latin America & Asia Pacific region, led by Pueblo Viejo, replaced 115% of the regional 2024 gold reserve depletion before the addition of Reko Diq, which added 0.78 million ounces2 to attributable proven and probable reserves before depletion as a result of additional pit design pushbacks unlocked by the additional TSF capacity in the new Naranjo facility. Porgera grew attributable gold reserves by 22% year-on-year with the successful conversion of the open pit Link cutback adjacent to the West Wall cutback.
In North America, the ongoing growth programs at Turquoise Ridge, Leeville Underground in Carlin and the Reona cut-back in Phoenix, added 1.54 million ounces2 of gold to proven and probable reserves on an attributable basis before annual depletion, which were partially offset by reductions in Cortez driven by metallurgical model updates in Crossroads and Robertson. This resulted in attributable proven and probable mineral reserves for the region of 30 million ounces at 2.71g/t2, representing a more than 10% increase in the grade year-over-year (2.45g/t in 2023) as a result of the high-grade growth additions and reductions of low-grade at Cortez. At the same time, attributable gold measured and indicated mineral resources for the region now stands at 66 million ounces at 2.18g/t2, due to the removal of Long Canyon mineral resources, as the site is planned to progress into full closure during 2025. Meanwhile, attributable inferred gold mineral resources for the region grew to 21 million ounces at 3.3 g/t2, driven by Fourmile’s mineral resource7 growth in the southernmost portion of the orebody immediately adjacent to the existing Goldrush mine. Looking forward to 2025, Barrick plans to commence prefeasibility-study drilling at the end of the first quarter of 2025 which will target continued extension of the Fourmile mineral resource along strike to the north, while also completing the foundational studies for the planned Bullion Hill northern access portal.
Technical Information
The scientific and technical information contained in this press release has been reviewed and approved by: Simon Bottoms, CGeol, MGeol, FGS, FAusIMM, Mineral Resource Management and Evaluation Executive; Craig Fiddes, SME-RM, Lead – Resource Modeling, Nevada Gold Mines; Peter Jones, MAIG, Manager of Resource Geology Latin America and Asia Pacific; and Richard Peattie, MPhil, FAusIMM, Mineral Resources Manager: Africa & Middle East — each a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Endnote 1
Commodity | Proven and Probable Reserve Price Assumptions |
Measured, Indicated and Inferred Resource Price Assumptions |
||
2023 | 2024 | 2023 | 2024 | |
Gold | $1,300/oz i | $1,400/oz i, iii | $1,700/oz | $1,900/oz |
Copperii | $3.00/lb ii | $3.00/lb ii,iii | $4.00/lb | $4.00/lb |
Silver | $18.00/oz | $20.00/oz | $21.00/oz | $24.00/oz |
Endnote 2
Estimated in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2024, unless otherwise noted. Proven mineral reserves of 270 million tonnes grading 1.75g/t, representing 15 million ounces of gold, and 380 million tonnes grading 0.42%, representing 1.6 million tonnes of copper. Probable reserves of 2,500 million tonnes grading 0.90g/t, representing 74 million ounces of gold, and 3,600 million tonnes grading 0.46%, representing 17 million tonnes of copper. Measured resources of 450 million tonnes grading 1.68g/t, representing 24 million ounces of gold, and 600 million tonnes grading 0.38%, representing 2.3 million tonnes of copper. Indicated resources of 4,800 million tonnes grading 1.01g/t, representing 150 million ounces of gold, and 5,400 million tonnes grading 0.39%, representing 22 million tonnes of copper. Inferred resources of 1,400 million tonnes grading 0.9g/t, representing 41 million ounces of gold, and 1,300 million tonnes grading 0.3%, representing 3.9 million tonnes of copper. Totals may not appear to sum correctly due to rounding. Complete mineral reserve and mineral resource data for all mines and projects referenced in this press release, including tonnes, grades, and ounces, can be found in the Mineral Reserves and Mineral Resources Tables included on the following pages of this press release.
Endnote 3
Estimated in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2023, unless otherwise noted. Proven mineral reserves of 250 million tonnes grading 1.85g/t, representing 15 million ounces of gold, and 320 million tonnes grading 0.41%, representing 1.3 million tonnes of copper. Probable reserves of 1,200 million tonnes grading 1.61g/t, representing 61 million ounces of gold, and 1,100 million tonnes grading 0.38%, representing 4.3 million tonnes of copper. Measured resources of 430 million tonnes grading 1.76g/t, representing 24 million ounces of gold, and 580 million tonnes grading 0.39%, representing 2.2 million tonnes of copper. Indicated resources of 4,800 million tonnes grading 1.00g/t, representing 150 million ounces of gold, and 4,900 million tonnes grading 0.39%, representing 19 million tonnes of copper. Inferred resources of 1,500 million tonnes grading 0.8g/t, representing 39 million ounces of gold, and 2,000 million tonnes grading 0.4%, representing 7.1 million tonnes of copper. Totals may not appear to sum correctly due to rounding. Complete mineral reserve and mineral resource data for all mines and projects referenced in this press release as of December 31, 2023, including tonnes, grades, and ounces, can be found on pages 33-45 of Barrick’s 2023 Annual Information Form / Form 40-F on file with the Canadian provincial securities regulators on SEDAR+ at www.sedarplus.ca and the Securities and Exchange Commission on EDGAR at www.sec.gov.
Endnote 4
Proven and probable reserve gains calculated from cumulative net change in reserves from year end 2019 to 2024.
Reserve replacement percentage is calculated from the cumulative net change in reserves from 2020 to 2024 divided by the cumulative depletion in reserves from year end 2019 to 2024 as shown in the tables below:
Year | Attributable P&P Gold (Moz) |
Attributable Gold Acquisition & Divestments (Moz) |
Attributable Gold Depletion (Moz) |
Attributable Gold Net Change (Moz) |
Reported Reserve Price USD/oz for GEO conversion |
2019a | 71 | — | — | — | — |
2020b | 68 | (2.2) | (5.5) | 4.2 | $1,200 |
2021c | 69 | (0.91) | (5.4) | 8.1 | $1,200 |
2022d | 76 | — | (4.8) | 12 | $1,300 |
2023e | 77 | — | (4.6) | 5 | $1,300 |
2024f | 89 | — | (4.6) | 17 | $1,400 |
2020 – 2024 Total | N/A | (3.1) | (25) | 46 | N/A |
Year | Attributable P&P Copper (Mlb) |
Attributable Copper Acquisition & Divestments (Mlb) |
Attributable Copper Depletion (Mlb) |
Attributable Copper Net Change (Mlb) |
Reported Reserve Price USD/lb for GEO conversion |
2019a | 13,494 | — | — | — | — |
2020b | 12,691 | — | (834) | 31 | $2.75 |
2021c | 12,233 | — | (636) | 178 | $2.75 |
2022d | 12,252 | — | (623) | 642 | $3.00 |
2023e | 12,391 | — | (589) | 728 | $3.00 |
2024f | 40,201 | — | (731) | 28,542 | $3.00 |
2020 – 2024 Total | N/A | — | (3,413) | 30,121 | N/A |
Attributable Proven and Probable organic gold equivalent reserve additions calculated from the cumulative net change in reserves from year-end 2020 to 2024 using reserve prices for gold equivalent ounce (GEO) conversion as shown in the tables above to result in the Attributable Net Change GEO tabulated below:
Year | Attributable P&P GEO |
Attributable Acquisition & Divestments GEO |
Attributable Depletion GEO |
Attributable Net Change GEO (using reported reserve prices) |
2019 | — | — | — | — |
2020 | 97 | (2.2) | (7.4) | 4.2 |
2021 | 97 | (0.91) | (6.9) | 8.5 |
2022 | 104 | — | (6.3) | 13 |
2023 | 105 | — | (6.0) | 6.7 |
2024 | 176 | — | (6.1) | 6.7 |
2020 – 2024 Total | N/A | (3.1) | (33) | 111 |
Totals may not appear to sum correctly due to rounding.
Attributable acquisitions and divestments includes the following: a decrease of 2.2 Moz in proven and probable gold reserves from December 31, 2019 to December 31, 2020, as a result of the divestiture of Barrick’s Massawa gold project effective March 4, 2020; and a decrease of 0.91 Moz in proven and probable gold reserves from December 31, 2020 to December 31, 2021, as a result of the change in Barrick’s ownership interest in Porgera from 47.5% to 24.5% and the net impact of the asset exchange of Lone Tree to i-80 Gold for the remaining 50% of South Arturo that Nevada Gold Mines did not already own.
All estimates are estimated in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects as required by Canadian securities regulatory authorities.
Endnote 5
Attributable organic gold equivalent reserve $/oz additions are calculated from the cumulative net change in reserves from year-end 2019 using reserve prices for gold equivalent ounce (GEO) conversion as outlined in Endnote 4, divided by the total attributable Barrick group expenditure on exploration, reserve conversion and technical studies from preliminary economic assessment, pre-feasibility and feasibility during the same period.
Endnote 6
A Tier One Gold Asset is an asset with a $1,400/oz reserve with potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and with costs per ounce in the lower half of the industry cost curve. A Tier One Copper Asset is an asset with a $3.00/lb reserve with potential for +5Mt contained copper in support of at least 20 years life, annual production of at least 200ktpa, with costs per pound in the lower half of the industry cost curve. Tier One Assets must be located in a world class geological district with potential for organic reserve growth and long-term geologically driven addition.
Endnote 7
Fourmile is currently 100% owned by Barrick. As previously disclosed, Barrick anticipates Fourmile being contributed to the Nevada Gold Mines joint venture if certain criteria are met following the completion of drilling and the requisite feasibility work.
Gold Mineral Reserves1,2,3,5 | ||||||||||||
As at December 31, 2024 | PROVEN9 | PROBABLE9 | TOTAL9 | |||||||||
Tonnes | Grade | Contained ozs |
Tonnes | Grade | Contained ozs |
Tonnes | Grade | Contained ozs |
||||
Based on attributable ounces | (Mt) | (g/t) | (Moz) | (Mt) | (g/t) | (Moz) | (Mt) | (g/t) | (Moz) | |||
AFRICA AND MIDDLE EAST | ||||||||||||
Bulyanhulu surface | 0.0053 | 3.74 | 0.00064 | — | — | — | 0.0053 | 3.74 | 0.00064 | |||
Bulyanhulu underground | 0.61 | 7.06 | 0.14 | 16 | 6.96 | 3.6 | 17 | 6.96 | 3.8 | |||
Bulyanhulu (84.00%) total | 0.62 | 7.03 | 0.14 | 16 | 6.96 | 3.6 | 17 | 6.96 | 3.8 | |||
Jabal Sayid surface | 0.14 | 0.66 | 0.0030 | — | — | — | 0.14 | 0.66 | 0.0030 | |||
Jabal Sayid underground | 8.7 | 0.32 | 0.089 | 4.5 | 0.46 | 0.066 | 13 | 0.37 | 0.16 | |||
Jabal Sayid (50.00%) total | 8.8 | 0.32 | 0.092 | 4.5 | 0.46 | 0.066 | 13 | 0.37 | 0.16 | |||
Kibali surface | 6.4 | 2.00 | 0.41 | 17 | 2.17 | 1.2 | 24 | 2.13 | 1.6 | |||
Kibali underground | 7.0 | 4.45 | 1.0 | 16 | 3.74 | 1.9 | 23 | 3.96 | 2.9 | |||
Kibali (45.00%) total | 13 | 3.28 | 1.4 | 33 | 2.93 | 3.2 | 47 | 3.03 | 4.6 | |||
Loulo-Gounkoto surface4 | 11 | 2.43 | 0.83 | 15 | 3.30 | 1.6 | 26 | 2.95 | 2.5 | |||
Loulo-Gounkoto underground4 | 7.6 | 5.13 | 1.3 | 23 | 4.82 | 3.6 | 31 | 4.90 | 4.9 | |||
Loulo-Gounkoto (80.00%) total4 | 18 | 3.56 | 2.1 | 39 | 4.22 | 5.2 | 57 | 4.00 | 7.3 | |||
North Mara surface | 5.3 | 3.90 | 0.66 | 25 | 1.51 | 1.2 | 30 | 1.92 | 1.9 | |||
North Mara underground | 2.0 | 3.37 | 0.22 | 5.9 | 4.43 | 0.84 | 7.9 | 4.16 | 1.1 | |||
North Mara (84.00%) total | 7.3 | 3.75 | 0.88 | 31 | 2.07 | 2.0 | 38 | 2.39 | 2.9 | |||
Tongon surface (89.70%) | 3.2 | 2.10 | 0.21 | 4.8 | 2.63 | 0.40 | 8.0 | 2.41 | 0.62 | |||
AFRICA AND MIDDLE EAST TOTAL | 52 | 2.91 | 4.8 | 130 | 3.52 | 15 | 180 | 3.35 | 19 | |||
LATIN AMERICA AND ASIA PACIFIC | ||||||||||||
Norte Abierto surface (50.00%) | 110 | 0.65 | 2.4 | 480 | 0.59 | 9.2 | 600 | 0.60 | 12 | |||
Porgera surface | 0.11 | 2.07 | 0.0076 | 7.2 | 2.88 | 0.67 | 7.3 | 2.87 | 0.68 | |||
Porgera underground | 0.69 | 6.42 | 0.14 | 3.2 | 6.48 | 0.66 | 3.9 | 6.47 | 0.81 | |||
Porgera (24.50%) total | 0.81 | 5.80 | 0.15 | 10 | 3.98 | 1.3 | 11 | 4.11 | 1.5 | |||
Pueblo Viejo surface (60.00%) | 48 | 2.27 | 3.5 | 130 | 2.06 | 8.8 | 180 | 2.11 | 12 | |||
Reko Diq surface (50.00%) | — | — | — | 1,400 | 0.28 | 13 | 1,400 | 0.28 | 13 | |||
Veladero surface (50.00%) | 24 | 0.66 | 0.51 | 49 | 0.68 | 1.1 | 73 | 0.67 | 1.6 | |||
LATIN AMERICA AND ASIA PACIFIC TOTAL | 190 | 1.09 | 6.6 | 2,100 | 0.49 | 33 | 2,300 | 0.54 | 40 | |||
NORTH AMERICA | ||||||||||||
Carlin surface | 4.1 | 1.60 | 0.21 | 58 | 2.39 | 4.4 | 62 | 2.33 | 4.6 | |||
Carlin underground | 0.050 | 6.17 | 0.010 | 20 | 7.69 | 4.8 | 20 | 7.69 | 4.8 | |||
Carlin (61.50%) total | 4.1 | 1.66 | 0.22 | 77 | 3.73 | 9.3 | 82 | 3.62 | 9.5 | |||
Cortez surface | 1.0 | 2.78 | 0.090 | 63 | 1.02 | 2.1 | 64 | 1.05 | 2.2 | |||
Cortez underground | — | — | — | 28 | 6.78 | 6.1 | 28 | 6.78 | 6.1 | |||
Cortez (61.50%) total | 1.0 | 2.78 | 0.090 | 91 | 2.79 | 8.2 | 92 | 2.79 | 8.3 | |||
Hemlo surface | — | — | — | 25 | 0.93 | 0.75 | 25 | 0.93 | 0.75 | |||
Hemlo underground | 0.29 | 3.84 | 0.036 | 6.2 | 4.30 | 0.86 | 6.5 | 4.28 | 0.90 | |||
Hemlo (100%) total | 0.29 | 3.84 | 0.036 | 31 | 1.60 | 1.6 | 32 | 1.62 | 1.6 | |||
Phoenix surface (61.50%) | 5.2 | 0.64 | 0.11 | 87 | 0.63 | 1.8 | 92 | 0.63 | 1.9 | |||
Turquoise Ridge surface | 16 | 2.26 | 1.2 | 11 | 1.92 | 0.66 | 27 | 2.12 | 1.8 | |||
Turquoise Ridge underground | 6.3 | 11.32 | 2.3 | 16 | 9.48 | 4.8 | 22 | 10.00 | 7.1 | |||
Turquoise Ridge (61.50%) total | 22 | 4.82 | 3.4 | 27 | 6.42 | 5.5 | 49 | 5.69 | 8.9 | |||
NORTH AMERICA TOTAL | 33 | 3.69 | 3.9 | 310 | 2.61 | 26 | 350 | 2.71 | 30 | |||
TOTAL | 270 | 1.75 | 15 | 2,500 | 0.90 | 74 | 2,800 | 0.99 | 89 | |||
See “Mineral Reserves and Resources Endnotes”. |
Copper Mineral Reserves1,2,3,5 |
||||||||||||
As at December 31, 2024 | PROVEN9 | PROBABLE9 | TOTAL9 | |||||||||
Tonnes | Cu Grade |
Contained Cu |
Tonnes | Cu Grade |
Contained Cu |
Tonnes | Cu Grade |
Contained Cu |
||||
Based on attributable tonnes | (Mt) | (%) | (Mt) | (Mt) | (%) | (Mt) | (Mt) | (%) | (Mt) | |||
AFRICA AND MIDDLE EAST | ||||||||||||
Bulyanhulu surface | 0.0053 | 0.38 | 0.000020 | — | — | — | 0.0053 | 0.38 | 0.000020 | |||
Bulyanhulu underground | 0.61 | 0.41 | 0.0025 | 16 | 0.35 | 0.057 | 17 | 0.35 | 0.060 | |||
Bulyanhulu (84.00%) total | 0.62 | 0.41 | 0.0025 | 16 | 0.35 | 0.057 | 17 | 0.35 | 0.060 | |||
Jabal Sayid surface | 0.14 | 2.68 | 0.0037 | 0.14 | 2.68 | 0.0037 | ||||||
Jabal Sayid underground | 8.7 | 2.12 | 0.18 | 4.5 | 2.16 | 0.097 | 13 | 2.14 | 0.28 | |||
Jabal Sayid (50.00%) total | 8.8 | 2.13 | 0.19 | 4.5 | 2.16 | 0.097 | 13 | 2.14 | 0.28 | |||
Lumwana surface (100%) | 140 | 0.49 | 0.68 | 1,500 | 0.53 | 7.6 | 1,600 | 0.52 | 8.3 | |||
AFRICA AND MIDDLE EAST TOTAL | 150 | 0.59 | 0.87 | 1,500 | 0.53 | 7.8 | 1,600 | 0.54 | 8.7 | |||
LATIN AMERICA AND ASIA PACIFIC | ||||||||||||
Norte Abierto surface (50.00%) | 110 | 0.19 | 0.22 | 480 | 0.23 | 1.1 | 600 | 0.22 | 1.3 | |||
Reko Diq surface (50.00%) | — | — | — | 1,500 | 0.48 | 7.3 | 1,500 | 0.48 | 7.3 | |||
Zaldívar surface (50.00%) | 110 | 0.44 | 0.48 | 66 | 0.41 | 0.27 | 180 | 0.43 | 0.75 | |||
LATIN AMERICA AND ASIA PACIFIC TOTAL | 220 | 0.31 | 0.70 | 2,100 | 0.42 | 8.6 | 2,300 | 0.41 | 9.4 | |||
NORTH AMERICA | ||||||||||||
Phoenix surface (61.50%) | 6.9 | 0.16 | 0.011 | 110 | 0.18 | 0.20 | 120 | 0.18 | 0.21 | |||
NORTH AMERICA TOTAL | 6.9 | 0.16 | 0.011 | 110 | 0.18 | 0.20 | 120 | 0.18 | 0.21 | |||
TOTAL | 380 | 0.42 | 1.6 | 3,600 | 0.46 | 17 | 4,000 | 0.45 | 18 | |||
See “Mineral Reserves and Resources Endnotes”. | ||||||||||||
Silver Mineral Reserves1,2,3,5 |
||||||||||||
As at December 31, 2024 | PROVEN9 | PROBABLE9 | TOTAL9 | |||||||||
Tonnes | Ag Grade |
Contained Ag |
Tonnes | Ag Grade |
Contained Ag |
Tonnes | Ag Grade |
Contained Ag |
||||
Based on attributable ounces | (Mt) | (g/t) | (Moz) | (Mt) | (g/t) | (Moz) | (Mt) | (g/t) | (Moz) | |||
AFRICA AND MIDDLE EAST | ||||||||||||
Bulyanhulu surface | 0.0053 | 7.29 | 0.0012 | — | — | — | 0.0053 | 7.29 | 0.0012 | |||
Bulyanhulu underground | 0.61 | 6.98 | 0.14 | 16 | 5.51 | 2.9 | 17 | 5.56 | 3.0 | |||
Bulyanhulu (84.00%) total | 0.62 | 6.98 | 0.14 | 16 | 5.51 | 2.9 | 17 | 5.56 | 3.0 | |||
AFRICA AND MIDDLE EAST TOTAL | 0.62 | 6.98 | 0.14 | 16 | 5.51 | 2.9 | 17 | 5.56 | 3.0 | |||
LATIN AMERICA AND ASIA PACIFIC | ||||||||||||
Norte Abierto surface (50.00%) | 110 | 1.91 | 7.0 | 480 | 1.43 | 22 | 600 | 1.52 | 29 | |||
Pueblo Viejo surface (60.00%) | 48 | 12.44 | 19 | 130 | 12.69 | 54 | 180 | 12.62 | 73 | |||
Veladero surface (50.00%) | 24 | 12.92 | 10.0 | 49 | 13.96 | 22 | 73 | 13.62 | 32 | |||
LATIN AMERICA AND ASIA PACIFIC TOTAL | 190 | 6.04 | 36 | 670 | 4.60 | 98 | 850 | 4.92 | 130 | |||
NORTH AMERICA | ||||||||||||
Phoenix surface (61.50%) | 5.2 | 7.87 | 1.3 | 87 | 7.78 | 22 | 92 | 7.78 | 23 | |||
NORTH AMERICA TOTAL | 5.2 | 7.87 | 1.3 | 87 | 7.78 | 22 | 92 | 7.78 | 23 | |||
TOTAL | 190 | 6.09 | 38 | 770 | 4.98 | 120 | 960 | 5.20 | 160 | |||
See “Mineral Reserves and Resources Endnotes”. |
Gold Mineral Resources1,3,5,6,7,8 |
|||||||||||||
As at December 31, 2024 | MEASURED (M)9 | INDICATED (I)9 | (M) + (I)9 | INFERRED10 | |||||||||
Tonnes | Grade | Contained ozs |
Tonnes | Grade | Contained ozs |
Contained ozs |
Tonnes | Grade | Contained ozs |
||||
Based on attributable ounces | (Mt) | (g/t) | (Moz) | (Mt) | (g/t) | (Moz) | (Moz) | (Mt) | (g/t) | (Moz) | |||
AFRICA AND MIDDLE EAST | |||||||||||||
Bulyanhulu surface | 0.0053 | 3.74 | 0.00064 | — | — | — | 0.00064 | — | — | — | |||
Bulyanhulu underground | 2.8 | 7.94 | 0.72 | 28 | 7.16 | 6.5 | 7.2 | 11 | 7.2 | 2.5 | |||
Bulyanhulu (84.00%) total | 2.8 | 7.93 | 0.72 | 28 | 7.16 | 6.5 | 7.2 | 11 | 7.2 | 2.5 | |||
Jabal Sayid surface | 0.14 | 0.66 | 0.0030 | — | — | — | 0.0030 | — | — | — | |||
Jabal Sayid underground | 9.1 | 0.39 | 0.11 | 6.4 | 0.50 | 0.10 | 0.22 | 1.1 | 0.6 | 0.021 | |||
Jabal Sayid (50.00%) total | 9.2 | 0.40 | 0.12 | 6.4 | 0.50 | 0.10 | 0.22 | 1.1 | 0.6 | 0.021 | |||
Kibali surface | 9.5 | 2.14 | 0.65 | 26 | 2.17 | 1.8 | 2.5 | 8.2 | 2.2 | 0.58 | |||
Kibali underground | 11 | 4.43 | 1.5 | 29 | 3.45 | 3.3 | 4.8 | 4.3 | 2.5 | 0.35 | |||
Kibali (45.00%) total | 20 | 3.34 | 2.1 | 56 | 2.85 | 5.1 | 7.3 | 12 | 2.3 | 0.93 | |||
Loulo-Gounkoto surface4 | 12 | 2.41 | 0.95 | 19 | 3.34 | 2.1 | 3.0 | 2.8 | 2.4 | 0.22 | |||
Loulo-Gounkoto underground4 | 18 | 4.21 | 2.4 | 38 | 4.22 | 5.1 | 7.6 | 12 | 2.0 | 0.81 | |||
Loulo-Gounkoto (80.00%) total4 | 30 | 3.48 | 3.4 | 57 | 3.93 | 7.2 | 11 | 15 | 2.1 | 1.0 | |||
North Mara surface | 7.8 | 3.19 | 0.80 | 36 | 1.60 | 1.9 | 2.7 | 2.0 | 1.6 | 0.10 | |||
North Mara underground | 6.8 | 2.17 | 0.48 | 29 | 2.29 | 2.1 | 2.6 | 8.9 | 1.6 | 0.47 | |||
North Mara (84.00%) total | 15 | 2.71 | 1.3 | 65 | 1.91 | 4.0 | 5.3 | 11 | 1.6 | 0.57 | |||
Tongon surface (89.70%) | 3.8 | 2.24 | 0.28 | 4.8 | 2.71 | 0.42 | 0.70 | 1.5 | 2.3 | 0.11 | |||
AFRICA AND MIDDLE EAST TOTAL | 81 | 3.05 | 7.9 | 220 | 3.34 | 23 | 31 | 52 | 3.1 | 5.2 | |||
LATIN AMERICA AND ASIA PACIFIC | |||||||||||||
Alturas surface (100%) | — | — | — | 58 | 1.16 | 2.2 | 2.2 | 130 | 0.8 | 3.6 | |||
Norte Abierto surface (50.00%) | 190 | 0.63 | 3.9 | 1,100 | 0.53 | 19 | 22 | 370 | 0.4 | 4.4 | |||
Pascua Lama surface (100%) | 43 | 1.86 | 2.6 | 390 | 1.49 | 19 | 21 | 15 | 1.7 | 0.86 | |||
Porgera surface | — | — | — | 28 | 2.35 | 2.1 | 2.1 | 17 | 1.7 | 0.94 | |||
Porgera underground | 0.74 | 6.87 | 0.16 | 4.0 | 6.42 | 0.82 | 0.98 | 1.9 | 6.4 | 0.38 | |||
Porgera (24.50%) total | 0.74 | 6.87 | 0.16 | 32 | 2.86 | 2.9 | 3.1 | 19 | 2.2 | 1.3 | |||
Pueblo Viejo surface (60.00%) | 61 | 2.09 | 4.1 | 190 | 1.87 | 11 | 15 | 7.5 | 1.6 | 0.38 | |||
Reko Diq surface (50.00%) | — | — | — | 1,800 | 0.25 | 15 | 15 | 640 | 0.2 | 3.9 | |||
Veladero surface (50.00%) | 26 | 0.65 | 0.53 | 85 | 0.65 | 1.8 | 2.3 | 16 | 0.5 | 0.29 | |||
LATIN AMERICA AND ASIA PACIFIC TOTAL | 320 | 1.08 | 11 | 3,700 | 0.60 | 70 | 81 | 1,200 | 0.4 | 15 | |||
NORTH AMERICA | |||||||||||||
Carlin surface | 8.8 | 1.29 | 0.37 | 96 | 2.06 | 6.4 | 6.7 | 29 | 1.3 | 1.2 | |||
Carlin underground | 0.086 | 8.55 | 0.024 | 33 | 7.92 | 8.5 | 8.6 | 19 | 7.3 | 4.5 | |||
Carlin (61.50%) total | 8.9 | 1.36 | 0.39 | 130 | 3.57 | 15 | 15 | 48 | 3.7 | 5.7 | |||
Cortez surface | 1.6 | 2.79 | 0.15 | 100 | 0.97 | 3.2 | 3.3 | 31 | 0.6 | 0.63 | |||
Cortez underground | — | — | — | 39 | 6.30 | 8.0 | 8.0 | 15 | 5.6 | 2.8 | |||
Cortez (61.50%) total | 1.6 | 2.79 | 0.15 | 140 | 2.45 | 11 | 11 | 46 | 2.3 | 3.4 | |||
Donlin surface (50.00%) | — | — | — | 270 | 2.24 | 20 | 20 | 46 | 2.0 | 3.0 | |||
Fourmile underground (100%) | — | — | — | 3.6 | 11.76 | 1.4 | 1.4 | 14 | 14.1 | 6.4 | |||
Hemlo surface | — | — | — | 50 | 1.00 | 1.6 | 1.6 | 5.0 | 0.7 | 0.12 | |||
Hemlo underground | 3.9 | 4.37 | 0.55 | 9.8 | 4.04 | 1.3 | 1.8 | 3.5 | 4.5 | 0.50 | |||
Hemlo (100%) total | 3.9 | 4.37 | 0.55 | 60 | 1.49 | 2.9 | 3.4 | 8.5 | 2.3 | 0.62 | |||
Phoenix surface (61.50%) | 5.2 | 0.64 | 0.11 | 240 | 0.49 | 3.9 | 4.0 | 16 | 0.4 | 0.19 | |||
Turquoise Ridge surface | 16 | 2.22 | 1.2 | 29 | 1.69 | 1.6 | 2.7 | 14 | 1.1 | 0.51 | |||
Turquoise Ridge underground | 6.6 | 12.01 | 2.5 | 18 | 9.91 | 5.8 | 8.4 | 3.7 | 8.5 | 1.0 | |||
Turquoise Ridge (61.50%) total | 23 | 5.02 | 3.7 | 47 | 4.87 | 7.4 | 11 | 18 | 2.6 | 1.5 | |||
NORTH AMERICA TOTAL | 43 | 3.58 | 4.9 | 900 | 2.12 | 61 | 66 | 200 | 3.3 | 21 | |||
TOTAL | 450 | 1.68 | 24 | 4,800 | 1.01 | 150 | 180 | 1,400 | 0.9 | 41 | |||
See “Mineral Reserves and Resources Endnotes”. |
Copper Mineral Resources1,3,5,6,7,8 |
||||||||||||||
As at December 31, 2024 | MEASURED (M)9 | INDICATED (I)9 | (M) + (I)9 | INFERRED10 | ||||||||||
Tonnes | Grade | Contained Cu |
Tonnes | Grade | Contained Cu |
Contained Cu |
Tonnes | Grade | Contained Cu |
|||||
Based on attributable tonnes | (Mt) | (%) | (Mt) | (Mt) | (%) | (Mt) | (Mt) | (Mt) | (%) | (Mt) | ||||
AFRICA AND MIDDLE EAST | ||||||||||||||
Bulyanhulu surface | 0.0053 | 0.38 | 0.000020 | — | — | — | 0.000020 | — | — | — | ||||
Bulyanhulu underground | 2.8 | 0.37 | 0.010 | 28 | 0.36 | 0.10 | 0.11 | 11 | 0.3 | 0.036 | ||||
Bulyanhulu (84.00%) total | 2.8 | 0.37 | 0.010 | 28 | 0.36 | 0.10 | 0.11 | 11 | 0.3 | 0.036 | ||||
Jabal Sayid surface | 0.14 | 2.68 | 0.0037 | — | — | — | 0.0037 | — | — | — | ||||
Jabal Sayid underground | 9.1 | 2.49 | 0.23 | 6.4 | 2.23 | 0.14 | 0.37 | 1.1 | 0.5 | 0.0058 | ||||
Jabal Sayid (50.00%) total | 9.2 | 2.50 | 0.23 | 6.4 | 2.23 | 0.14 | 0.37 | 1.1 | 0.5 | 0.0058 | ||||
Lumwana surface (100%) | 170 | 0.45 | 0.77 | 1,800 | 0.50 | 9.2 | 10 | 230 | 0.4 | 0.91 | ||||
AFRICA AND MIDDLE EAST TOTAL | 190 | 0.55 | 1.0 | 1,900 | 0.51 | 9.4 | 10 | 240 | 0.4 | 0.95 | ||||
LATIN AMERICA AND ASIA PACIFIC | ||||||||||||||
Norte Abierto surface (50.00%) | 170 | 0.21 | 0.36 | 1,000 | 0.21 | 2.2 | 2.5 | 360 | 0.2 | 0.66 | ||||
Reko Diq surface (50.00%) | — | — | — | 2,000 | 0.43 | 8.4 | 8.4 | 690 | 0.3 | 2.2 | ||||
Zaldívar surface (50.00%) | 240 | 0.39 | 0.94 | 290 | 0.36 | 1.0 | 2.0 | 15 | 0.3 | 0.048 | ||||
LATIN AMERICA AND ASIA PACIFIC TOTAL | 410 | 0.31 | 1.3 | 3,300 | 0.35 | 12 | 13 | 1,100 | 0.3 | 3.0 | ||||
NORTH AMERICA | ||||||||||||||
Phoenix surface (61.50%) | 6.9 | 0.16 | 0.011 | 300 | 0.17 | 0.51 | 0.52 | 18 | 0.2 | 0.028 | ||||
NORTH AMERICA TOTAL | 6.9 | 0.16 | 0.011 | 300 | 0.17 | 0.51 | 0.52 | 18 | 0.2 | 0.028 | ||||
TOTAL | 600 | 0.38 | 2.3 | 5,400 | 0.39 | 22 | 24 | 1,300 | 0.3 | 3.9 | ||||
See “Mineral Reserves and Resources Endnotes”. |
Silver Mineral Resources1,3,5,6,7,8 | ||||||||||||||
As at December 31, 2024 | MEASURED (M)9 | INDICATED (I)9 | (M) + (I)9 | INFERRED10 | ||||||||||
Tonnes | Ag Grade |
Contained Ag |
Tonnes | Ag Grade |
Contained Ag |
Contained Ag | Tonnes | Ag Grade |
Contained Ag |
|||||
Based on attributable ounces | (Mt) | (g/t) | (Moz) | (Mt) | (g/t) | (Moz) | (Moz) | (Mt) | (g/t) | (Moz) | ||||
AFRICA AND MIDDLE EAST | ||||||||||||||
Bulyanhulu surface | 0.0053 | 7.29 | 0.0012 | — | — | — | 0.0012 | — | — | — | ||||
Bulyanhulu underground | 2.8 | 6.87 | 0.62 | 28 | 5.56 | 5.1 | 5.7 | 11 | 5.7 | 2.0 | ||||
Bulyanhulu (84.00%) total | 2.8 | 6.87 | 0.62 | 28 | 5.56 | 5.1 | 5.7 | 11 | 5.7 | 2.0 | ||||
AFRICA AND MIDDLE EAST TOTAL | 2.8 | 6.87 | 0.62 | 28 | 5.56 | 5.1 | 5.7 | 11 | 5.7 | 2.0 | ||||
LATIN AMERICA AND ASIA PACIFIC | ||||||||||||||
Norte Abierto surface (50.00%) | 190 | 1.62 | 10 | 1,100 | 1.23 | 43 | 53 | 370 | 1.0 | 11 | ||||
Pascua-Lama surface (100%) | 43 | 57.21 | 79 | 390 | 52.22 | 660 | 740 | 15 | 17.8 | 8.8 | ||||
Pueblo Viejo surface (60.00%) | 61 | 11.47 | 22 | 190 | 11.22 | 68 | 91 | 7.5 | 6.8 | 1.6 | ||||
Veladero surface (50.00%) | 26 | 13.08 | 11 | 85 | 13.91 | 38 | 49 | 16 | 15.8 | 8.2 | ||||
LATIN AMERICA AND ASIA PACIFIC TOTAL | 320 | 11.81 | 120 | 1,700 | 14.36 | 810 | 930 | 410 | 2.3 | 30 | ||||
NORTH AMERICA | ||||||||||||||
Phoenix surface (61.50%) | 5.2 | 7.87 | 1.3 | 240 | 6.40 | 50 | 52 | 16 | 4.2 | 2.2 | ||||
NORTH AMERICA TOTAL | 5.2 | 7.87 | 1.3 | 240 | 6.40 | 50 | 52 | 16 | 4.2 | 2.2 | ||||
TOTAL | 330 | 11.70 | 120 | 2,000 | 13.28 | 860 | 990 | 440 | 2.4 | 34 | ||||
See “Mineral Reserves and Resources Endnotes”. |
Summary Gold Mineral Reserves1,2,3,5 |
||||||||||
For the years ended December 31 | 2024 | 2023 | ||||||||
Ownership | Tonnes | Grade9 | Ounces | Ownership | Tonnes | Grade9 | Ounces | |||
Based on attributable ounces | % | (Mt) | (g/t) | (Moz) | % | (Mt) | (g/t) | (Moz) | ||
AFRICA AND MIDDLE EAST | ||||||||||
Bulyanhulu surface | 84.00 | % | 0.0053 | 3.74 | 0.00064 | 84.00 | % | 0.0088 | 5.89 | 0.0017 |
Bulyanhulu underground | 84.00 | % | 17 | 6.96 | 3.8 | 84.00 | % | 18 | 6.05 | 3.4 |
Bulyanhulu Total | 84.00 | % | 17 | 6.96 | 3.8 | 84.00 | % | 18 | 6.05 | 3.4 |
Jabal Sayid surface | 50.00 | % | 0.14 | 0.66 | 0.0030 | 50.00 | % | 0.064 | 0.38 | 0.00078 |
Jabal Sayid underground | 50.00 | % | 13 | 0.37 | 0.16 | 50.00 | % | 14 | 0.34 | 0.15 |
Jabal Sayid Total | 50.00 | % | 13 | 0.37 | 0.16 | 50.00 | % | 14 | 0.34 | 0.15 |
Kibali surface | 45.00 | % | 24 | 2.13 | 1.6 | 45.00 | % | 24 | 2.05 | 1.6 |
Kibali underground | 45.00 | % | 23 | 3.96 | 2.9 | 45.00 | % | 24 | 4.10 | 3.1 |
Kibali Total | 45.00 | % | 47 | 3.03 | 4.6 | 45.00 | % | 47 | 3.07 | 4.7 |
Loulo-Gounkoto surface4 | 80.00 | % | 26 | 2.95 | 2.5 | 80.00 | % | 24 | 2.84 | 2.1 |
Loulo-Gounkoto underground4 | 80.00 | % | 31 | 4.90 | 4.9 | 80.00 | % | 33 | 4.81 | 5.1 |
Loulo-Gounkoto Total4 | 80.00 | % | 57 | 4.00 | 7.3 | 80.00 | % | 57 | 3.99 | 7.2 |
North Mara surface | 84.00 | % | 30 | 1.92 | 1.9 | 84.00 | % | 30 | 1.90 | 1.8 |
North Mara underground | 84.00 | % | 7.9 | 4.16 | 1.1 | 84.00 | % | 9.3 | 3.60 | 1.1 |
North Mara Total | 84.00 | % | 38 | 2.39 | 2.9 | 84.00 | % | 39 | 2.30 | 2.9 |
Tongon surface | 89.70 | % | 8.0 | 2.41 | 0.62 | 89.70 | % | 5.5 | 1.98 | 0.35 |
AFRICA AND MIDDLE EAST TOTAL | 180 | 3.35 | 19 | 180 | 3.24 | 19 | ||||
LATIN AMERICA AND ASIA PACIFIC | ||||||||||
Norte Abierto surface | 50.00 | % | 600 | 0.60 | 12 | 50.00 | % | 600 | 0.60 | 12 |
Porgera surface | 24.50 | % | 7.3 | 2.87 | 0.68 | 24.50 | % | 5.0 | 3.55 | 0.57 |
Porgera underground | 24.50 | % | 3.9 | 6.47 | 0.81 | 24.50 | % | 2.9 | 6.96 | 0.65 |
Porgera Total | 24.50 | % | 11 | 4.11 | 1.5 | 24.50 | % | 7.9 | 4.81 | 1.2 |
Pueblo Viejo surface | 60.00 | % | 180 | 2.11 | 12 | 60.00 | % | 170 | 2.14 | 12 |
Reko Diq surface | 50.00 | % | 1,400 | 0.28 | 13 | 50.00 | % | — | — | — |
Veladero surface | 50.00 | % | 73 | 0.67 | 1.6 | 50.00 | % | 89 | 0.70 | 2.0 |
LATIN AMERICA AND ASIA PACIFIC TOTAL | 2,300 | 0.54 | 40 | 870 | 0.96 | 27 | ||||
NORTH AMERICA | ||||||||||
Carlin surface | 61.50 | % | 62 | 2.33 | 4.6 | 61.50 | % | 65 | 2.39 | 5.0 |
Carlin underground | 61.50 | % | 20 | 7.69 | 4.8 | 61.50 | % | 17 | 8.34 | 4.6 |
Carlin Total | 61.50 | % | 82 | 3.62 | 9.5 | 61.50 | % | 82 | 3.64 | 9.7 |
Cortez surface | 61.50 | % | 64 | 1.05 | 2.2 | 61.50 | % | 110 | 0.82 | 2.8 |
Cortez underground | 61.50 | % | 28 | 6.78 | 6.1 | 61.50 | % | 27 | 7.27 | 6.3 |
Cortez Total | 61.50 | % | 92 | 2.79 | 8.3 | 61.50 | % | 130 | 2.13 | 9.0 |
Hemlo surface | 100 | % | 25 | 0.93 | 0.75 | 100 | % | 27 | 0.97 | 0.84 |
Hemlo underground | 100 | % | 6.5 | 4.28 | 0.90 | 100 | % | 6.8 | 4.12 | 0.90 |
Hemlo Total | 100 | % | 32 | 1.62 | 1.6 | 100 | % | 34 | 1.60 | 1.7 |
Phoenix surface | 61.50 | % | 92 | 0.63 | 1.9 | 61.50 | % | 100 | 0.58 | 1.9 |
Turquoise Ridge surface | 61.50 | % | 27 | 2.12 | 1.8 | 61.50 | % | 22 | 2.36 | 1.7 |
Turquoise Ridge underground | 61.50 | % | 22 | 10.00 | 7.1 | 61.50 | % | 20 | 10.66 | 6.9 |
Turquoise Ridge Total | 61.50 | % | 49 | 5.69 | 8.9 | 61.50 | % | 43 | 6.29 | 8.6 |
NORTH AMERICA TOTAL | 350 | 2.71 | 30 | 390 | 2.45 | 31 | ||||
TOTAL | 2,800 | 0.99 | 89 | 1,400 | 1.65 | 77 | ||||
See “Mineral Reserves and Resources Endnotes”. |
Summary Copper Mineral Reserves1,2,3,5 |
||||||||||
For the years ended December 31 | 2024 | 2023 | ||||||||
Ownership | Tonnes | Cu Grade9 |
Contained Tonnes |
Ownership | Tonnes | Cu Grade9 |
Contained Tonnes |
|||
Based on attributable tonnes | % | (Mt) | (%) | (Mt) | % | (Mt) | (%) | (Mt) | ||
AFRICA AND MIDDLE EAST | ||||||||||
Bulyanhulu surface | 84.00 | % | 0.0053 | 0.38 | 0.000020 | 84.00 | % | 0.0088 | 0.29 | 0.000026 |
Bulyanhulu underground | 84.00 | % | 17 | 0.35 | 0.060 | 84.00 | % | 18 | 0.36 | 0.063 |
Bulyanhulu Total | 84.00 | % | 17 | 0.35 | 0.060 | 84.00 | % | 18 | 0.36 | 0.063 |
Jabal Sayid surface | 50.00 | % | 0.14 | 2.68 | 0.0037 | 50.00 | % | 0.064 | 2.63 | 0.0017 |
Jabal Sayid underground | 50.00 | % | 13 | 2.14 | 0.28 | 50.00 | % | 14 | 2.22 | 0.30 |
Jabal Sayid Total | 50.00 | % | 13 | 2.14 | 0.28 | 50.00 | % | 14 | 2.23 | 0.30 |
Lumwana surface | 100 | % | 1,600 | 0.52 | 8.3 | 100 | % | 510 | 0.58 | 3.0 |
AFRICA AND MIDDLE EAST TOTAL | 1,600 | 0.54 | 8.7 | 540 | 0.62 | 3.3 | ||||
LATIN AMERICA AND ASIA PACIFIC | ||||||||||
Norte Abierto surface (50.00%) | 50.00 | % | 600 | 0.22 | 1.3 | 50.00 | % | 600 | 0.22 | 1.3 |
Reko Diq surface (50.00%) | 50.00 | % | 1,500 | 0.48 | 7.3 | 50.00 | % | — | — | — |
Zaldívar surface (50.00%) | 50.00 | % | 180 | 0.43 | 0.75 | 50.00 | % | 180 | 0.42 | 0.74 |
LATIN AMERICA AND ASIA PACIFIC TOTAL | 2,300 | 0.41 | 9.4 | 780 | 0.26 | 2.0 | ||||
NORTH AMERICA | ||||||||||
Phoenix surface | 61.50 | % | 120 | 0.18 | 0.21 | 61.50 | % | 140 | 0.17 | 0.23 |
NORTH AMERICA TOTAL | 120 | 0.18 | 0.21 | 140 | 0.17 | 0.23 | ||||
TOTAL | 4,000 | 0.45 | 18 | 1,500 | 0.39 | 5.6 | ||||
See “Mineral Reserves and Resources Endnotes”. |
Mineral Reserves and Resources Endnotes
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