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North America Overview North America Overview
Brant Hinze, Vice President, North American Operations
2February 8, 2008 North America Overview
Nevada Overview
3February 8, 2008 North America Overview
2007 Sales by Process
Carlin Mill 6 Roaster
Twin Creeks Sage Autoclave
Two mills produce 60% of Nevada sales
Juniper: 5%
Mill 5: 3%Queenstake: 2%L T F lo a t:
0%
Phoenix: 8
%
Mill 6: 32%
Sage: 28%
LTree Auto: 4%
Midas: 4%
Carlin SAL: 5%
Carlin NAL: 3%Tw
in Leach: 5%LTree Leach: 1%
4February 8, 2008 North America Overview
Refractory MillsGrind + Oxidize + Leach
Chemistry blending
Flotation MillsGrind + Float Concentrate + Leach Tails
Phoenix: Concentrates Smelter
Mill 5: Concentrates Mill 6 and Sage
Oxide MillsGrind + Leach
Oxide LeachLeach directly on pads
2007 Sales by Process Type
Ref
rac
Mill
s: 6
0%
Float Mills: 11%
Ox Leach: 14%
Ox
Mill
s: 1
3%
Toll: 2%
Juniper: 5%
Mill 5: 3%Queenstake: 2%L T F lo a t:
0 %
Phoenix: 8
%
Mill 6: 32%
Sage: 28%
LTree Auto: 4%
Midas: 4%
Carlin SAL: 5%
Carlin NAL: 3%Tw
in Leach: 5%LTree Leach: 1%
5February 8, 2008 North America Overview
2007 Sales by Process by Mine
Carlin SA Surf
Carlin NA Surf
Mill 5 ConsLT Float Cons
Twin CreeksMill 5 Cons
Phoenix
Carlin SA Surf
Carlin NA Surf
Twin Creeks
Lone Tree
Twin Creeks
Carlin SA Surf
Carlin NA SurfTwin Creeks
TRJV Equity
Deep Post
Chukar
Midas
Leeville/Carlin EastLone Tree
LT Float Cons
Ref
rac
Mill
s: 6
0%Float M
ills: 11%
Ox Leach: 14%
Ox
Mill
s: 1
3%
Toll: 2%
Juniper: 5%
Mill 5: 3%Queenstake: 2%L T F lo a t:
0 %
Phoenix: 8
%
Mill 6: 32%
Sage: 28%
LTree Auto: 4%
Midas: 4%
Carlin SAL: 5%
Carlin NAL: 3%Tw
in Leach: 5%LTree Leach: 1%
6February 8, 2008 North America Overview
Regional Alignment with Strategic Foundation
Operational Execution:Executed against mine plans ex-PhoenixExperienced employees and supply chain managementContinued employee development and training programs
Project Execution:Power plant completionPhoenix optimization and crusher completion
Exploration and Growth:Maintain reserves with near-mine explorationNevada land position
Leverage, Scope and Scale:Complex infrastructure and processing facilities Continuous Improvement
7February 8, 2008 North America Overview
Continuous Improvement Example- Reduced LTAFR & TRFR
Nevada Safety Rate Improvement Trends
3.3
4.8
2.21.8
0.230.180.61
0
1
2
3
4
5
6
2005 2006 2007
Acc
iden
ts p
er y
ear p
er 1
00 p
eopl
e
AIFR - All InjuriesTRFR - Total Reportable InjuriesLTAFR - Lost Time Accidents
8February 8, 2008 North America Overview
Continuous Improvement Example- Mill Tonnage Increases
Mill Tonnage Improvements
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Jan-96
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Mill
Ton
s/da
y
Mill 6 Sage Mill 5 (Float Configuration)
9February 8, 2008 North America Overview
Before After
Continuous Improvement Example- Phoenix Drill & Blast
10February 8, 2008 North America Overview
2008 Outlook Summary
$400-$430$444$385Costs applicable to sales – Gold ($/oz)
$350-$400$588$135Consolidated capital expenditures ($m)
666
Q42007
2,341
YTD2007
2,275 – 2,400
Outlook 2008
Equity gold sales (000 ozs)
Production HighlightsLeeville at design production capacity (Q4: 3,281 tons/day)Midas operating near full capacity (Dec: 606 tons/day)Twin Creek leach pad expansion on line
11February 8, 2008 North America Overview
Phoenix Update
Higher mill throughput (up 15%)Re-drilling nearly complete (93%)Crusher replacement (mid-2008) Copper leach project (Stage 3)
SAG Mill Screen
Floatation Froth
Phoenix Mill Tons
0
500
1,000
1,500
2,000
2,500
3,000
3,500
1Q 2Q 3Q 4Q
Mill
tons
(M)
Mill Tons
12February 8, 2008 North America Overview
2008 Equity SalesEq
uity
Gol
d Sa
les
(000
ozs
)
2,341
2,100
2,200
2,300
2,400
2,500
2,600
2007 Actual 2008 Outlook
~ 90
~ 70~ 30
~ 30 ~ 5 ~ (5) ~ (5) ~ (5) ~ (5) ~ (10) ~ (30)~ (90)
~ (90) 2,275 - 2,400
Twin
Cre
eks
Leac
h
Mid
as
Phoe
nix
Mill
Carli
n So
uth
Area
Lea
ch
Carli
n No
rth A
rea
Leac
h
Phoe
nix
Leac
hing
Carli
n M
ill 5
Twin
Cre
eks
Juni
per M
ill
Lone
Tre
e Le
ach
Carli
n M
ill 6
Roa
ster
Toll
Mill
ing
Twin
Cre
eks
Sage
Aut
ocla
ve
Lone
Tre
e Au
tocl
ave
13February 8, 2008 North America Overview
2008 Costs Applicable to Sales
$444
$350
$370
$390
$410
$430
$450
$470
$490
2007 Actual 2008 Outlook
CA
S ($
/oz)
~ ($5) ~ ($10)
~ $10~ $10
~ $10 ~ $5
~ ($20)
~ ($30)
$400 - $430
Labo
r
Part
s an
d Su
pplie
s
Prod
uctio
n
Die
sel
Con
sum
able
s
Elec
tric
ity
Oth
er
Con
trac
t Ser
vice
s
14February 8, 2008 North America Overview
Beyond 2008
Maintain Reserve BaseLarge land position in Nevada (1.9 million acres)Underground reserve potentialOpen pit extensions at higher gold pricesPhoenix copper leach La Herradura opportunities (JV with Peñoles)
Focus on Cost ContainmentPower plant (~$25/ounce)Integration of larger trucks (added 25% pay load)People, training and supply chain
15
Questions & Answers Questions & Answers
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