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Pueblo Viejo

Goldcorp owns 40% of Pueblo Viejo, one of the world’s largest gold mines.

As of December 31, 2016
Goldcorp's Share of Production Contributing Towards our Total
Goldcorp's Share of Revenue Contributing Towards Our Total
Goldcorp's Share of
Gold Produced in 2016
(ounces)
467,000
All-in Sustaining Cost
(per ounce)
$439

All-in sustaining costs (“AISC”) include total production cash costs incurred at Goldcorp’s (the “Company”) mining operations, which forms the basis of the Company’s by-product cash costs. Additionally, the Company includes sustaining capital expenditures, corporate administrative expense, exploration and evaluation costs, and reclamation cost accretion and amortization. The measure seeks to reflect the full cost of gold production from current operations, therefore growth capital is excluded. Certain other cash expenditures, including tax payments, dividends and financing costs are also excluded.

AISC is a non-GAAP performance measures that the Company believes more fully defines the total costs associated with producing gold; however, this performance measure has no standardized meaning. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The Company reports this measure on a gold ounces sold basis. The Company’s all-in sustaining cost definition conforms to the guidance note released by the World Gold Council, which became effective January 1, 2014. The World Gold Council is a non-regulatory market development organization for the gold industry whose members comprise global senior gold mining companies.

Quick Facts
Location Dominican Republic
Ownership 40% (operated by Barrick Gold Corporation)
Type of Mine Open pit
Processing Method Autoclave, Carbon-in-leach, copper precipitation, cyanide certified
Milling/Processing Capacity 24,000 tonnes per day
Goldcorp's share of:
Production (guidance for 2017) 415,000 ounces
AISC (guidance for 2017) $530 to $560 per ounce
Gold Reserves (proven and probable) 5.39 million ounces
Gold Resources (measured and indicated) 5.27 million ounces
Gold Resources (inferred) 120,000 ounces

Pueblo Viejo, located 100 kilometres northwest of Santa Domingo, produces gold, silver and copper. One of the largest gold assets in the world, it began commercial production in 2013. Pueblo Viejo is operated by Barrick Gold Corporation, which owns 60%.

Pueblo Viejo includes two open pits, a processing plant and a tailings storage facility. Ore is removed from the open pit using a conventional truck and shovel method, then crushed, ground, and processed in the carbon-in-leach circuit in the mill.

Visit Barrick's Pueblo Viejo operational website to learn more

Goldcorp has included non-GAAP performance measures on an attributable basis (Goldcorp share) on this page. Attributable performance measures include Goldcorp's mining operations and projects and Goldcorp's share from Pueblo Viejo.