7. Current Reported Annual Production
Total of mines that produced at least 10koz
•~68M oz Gold produced (2010 fy)
•@ US$1,300 an ounce
•US$88.4 billion worth of gold.
•Top 5 Regions:
Australasia (17 Mozpa)
Africa (16 Mozpa)
South America (13 Mozpa)
North America (12 Mozpa)
Europe ( 9 Mozpa)
8. Mines due to commence production
South America
South America is expected to add 4.7 Moz/year worth of new mines
before 2016, 70 Moz of gold production over the life of those mines
9. Mines due to commence production
North America
North America is expected to add 4.4 Moz/year worth of new mines
before 2016, 99 Moz of gold production over the life of those mines
10. Mines due to commence production
Africa
Africa is expected to add 3.4 Moz/year worth of new mines before 2016,
46 Moz of gold production over the life of those mines
11. Mines due to commence production
Europe
Europe is expected to add 2.6 Moz/year worth of new mines before 2016,
44 Moz of gold production over the life of those mines
12. Mines due to commence production
Australasia
Australasia is expected to add 1.6 Moz/year worth of new mines before
2016, 29 Moz of gold production over the life of those mines
13. Mines due to commence production
South East Asia
South East Asia is expected to add 901 Koz/year worth of new mines
before 2016, 14 Moz of gold production over the life of those mines
14. Mines due to commence production
Asia/Russia
Asia/Russia are expected to add 515 Koz/year worth of new mines
before 2016, 16 Moz of gold production over the life of those mines
15. The 8 largest new gold mines to come
online in the near future:
START Annual LOM
Property Country Company YEAR Production Production
Natalka Russia OJSC Polyus Gold 2014 1 Moz 24 Moz
Cerro Casale Chile Barrick Gold Corporation 2014 840 Koz 17 Moz
Pascua-Lama Chile Barrick Gold Corporation 2013 750 Koz 16 Moz
Pebble United States Northern Dynasty Minerals Ltd. 2015 670 Koz 30 Moz
Kerr-Sulphurets Canada Seabridge Gold Inc. 2015 640 Koz 19 Moz
Dominican
Pueblo Viejo Republic Barrick Gold Corporation 2011 600 Koz 12 Moz
Angostura Colombia Greystar Resources Limited 2012 510 Koz 8 Moz
16. The largest companies to bring on new
mines in the near future are:
Reserves
Major contributors Additional Koz pa involved LOM Total
Barrick Gold Corporation 2,190 65 Moz 44 Moz
OJSC Polyus Gold 1,000 41 Moz 24 Moz
Goldcorp Inc. 980 13 Moz 13 Moz
Randgold Resources Limited 963 15 Moz 13 Moz
Ivanhoe Mines Ltd. 786 20 Moz 22 Moz
Yamana Gold Inc. 705 12 Moz 8 Moz
Kinross Gold Corporation 700 13 Moz 9 Moz
Northern Dynasty Minerals Ltd. 673 30 Moz
Xstrata plc 635 13 Moz
Seabridge Gold Inc. 634 30 Moz 19 Moz
17. Over the next 4 years new mines will contribute
a further 16Moz per year of gold by 2014:
Production Annual Life of Mine
Commencing Production Reserves Production
2011 3 Moz 55 Moz 37.5 Moz
2012 3.3 Moz 33 Moz 50.5 Moz
2013 4.6 Moz 75 Moz 73 Moz
2014 4.6 Moz 107 Moz 80.5 Moz
18. Maiden Resource Estimates in 2010
Americas
Americas: 49 Moz of gold discovered in ore grading roughly 3.5 g/t
19. Maiden Resource Estimates in 2010
Africa - Europe
Africa - Europe: 14.4 Moz of gold discovered in ore grading roughly
1.7 g/t
20. Maiden Resource Estimates in 2010
Australia - Asia
Australia - Asia: 2.5 Moz of gold discovered in ore grading roughly
1.3 g/t
21. Resource Updates in 2010
Americas
Americas: Resource updates for existing deposits increases known
gold resources by 120 Moz
22. Resource Updates in 2010
Africa - Europe
Africa - Europe: Resource updates for existing deposits increases
known gold resources by 45 Moz
23. Resource Updates in 2010
Australia - Asia
Australia - Asia: Resource updates for existing deposits increases
known gold resources by 44 Moz