Building Mines, Building ValueBuilding Mines, Building Value
2004Building Mines, Building ValueBuilding Mines, Building Value
2004Building Mines, Building ValueBuilding Mines, Building Value
4.9
4.96million ounces
$205
$212per ounce
production cash costs5.0 $215
targets were met
$248mearnings2004
0403
$506moperatingcash flow
0403
Building Mines, Building ValueBuilding Mines, Building Value
all amounts in US dollars
20042004industry-wide costs
Building Mines, Building ValueBuilding Mines, Building Valuerise 15%
2004continuous improvement initiatives
Building Mines, Building ValueBuilding Mines, Building Value
improving supply chain managementcommodity and currency price protection
mitigating cost pressures
2004Building Mines, Building ValueBuilding Mines, Building Value lowest cost senior gold producer
development of high quality projects
2004p&p gold reservesmillions of ounces 89
38
0494
Building Mines, Building ValueBuilding Mines, Building Value58%increaseper share
58%increaseper share
2004p&p gold reservesmillions of ounces 89
04
43 million ounces
low-cost development reservesBuilding Mines, Building ValueBuilding Mines, Building Value
2004p&p gold reservesmillions of ounces 89
04
900+million ounces
contained silver
900+million ounces
contained silverwill become one of world’slargest silver producers
Building Mines, Building ValueBuilding Mines, Building Value
A“ ”2004
disciplined + conservativerated balance sheet
Veladerofinancing
$250million
long-termdebt issue
$750million
+Building Mines, Building ValueBuilding Mines, Building Value
$1.2billion est.
construction capex
~2.0million ounces
average 3 years
< $200per ounce
average 3 years
2004Building MinesBuilding Mines TulawakaTulawaka Lagunas NorteLagunas Norte VeladeroVeladero CowalCowal
2005Building Mines Building Mines , Delivering Value, Delivering Value
2005
04
4.96
6.8-7.0
07
productionounces millions
40%growthtarget
40%growthtargetBuilding Mines, Delivering ValueBuilding Mines, Delivering Value
rising gold price environment
Building Mines, Delivering ValueBuilding Mines, Delivering Value
2005Building Mines, Delivering ValueBuilding Mines, Delivering Value
people make it happen
2005
George Bee
Dave Anthony
Augusto Chung
Building Mines, Delivering ValueBuilding Mines, Delivering Value
2005 Elko, Nevada
Building Mines, Delivering ValueBuilding Mines, Delivering Value
corporate social responsibility
2005World Vision
Building Mines, Delivering ValueBuilding Mines, Delivering Value
corporate social responsibility
corporate social responsibility
2005
Habitat for Humanity
Building Mines, Delivering ValueBuilding Mines, Delivering Value
World Vision
2005 medicalcareBuilding Mines, Delivering ValueBuilding Mines, Delivering Value
corporate social responsibility
Habitat for Humanity
Building Mines, Delivering ValueBuilding Mines, Delivering Value
future
future exploration andcorporate development
Rob Krcmarov
Alex Davidson
Ed Cope
Ramon AranedaBuilding Mines, Delivering ValueBuilding Mines, Delivering Value
Inna Gretchka
Deni Nicoski
exploration in
five key districtsNevada
Alto Chicama Lake Victoria
Russia / Central Asia
Frontera
futureBuilding Mines, Delivering ValueBuilding Mines, Delivering Value
$150million program
Alto Chicama Lake Victoria
Russia / Central Asia
Frontera
Nevada
Building Mines, Delivering ValueBuilding Mines, Delivering ValueN E V A D A
Goldstrike
East Archimedes
Round Mountain
Reno
Underground
Open Pit
Alto Chicama Lake Victoria
Russia / Central Asia
Frontera
Nevada
Building Mines, Delivering ValueBuilding Mines, Delivering Value
Pierina
P E R U
TrujilloLagunas NorteLagunas Norte
Lake Victoria
Russia / Central Asia
Alto Chicama
Frontera
Nevada
Building Mines, Delivering ValueBuilding Mines, Delivering Value
VeladeroPascua-Lama
C H I L E
A R G
E N T I N
A
VeladeroPascua-Lama
3,041sq. km.
Veladero
Pascua-Lama
C H I L E A R G E N T I N A
Protocol Area
Alto Chicama Lake Victoria
Russia / Central Asia
Frontera
Nevada
Building Mines, Delivering ValueBuilding Mines, Delivering Value
VeladeroPascua-Lama
C H I L E
A R G
E N T I N
A
VeladeroPascua-Lama
3,041sq. km.
VeladeroVeladero
RegalitoRegalito Guanaco ZonzoGuanaco Zonzo
Cerro PeladoCerro Pelado
Cerro ColoradoCerro Colorado
Pascua-LamaPascua-Lama
Alto Chicama Lake Victoria
Russia / Central Asia
Frontera
Nevada
Building Mines, Delivering ValueBuilding Mines, Delivering ValueBulyanhuluTulawaka
Dar es Salaam
T A N Z A N I A
LAKEVICTORIA
Buzwagi
Kabanga
Alto Chicama Lake Victoria
Russia / Central Asia
Frontera
evada
Building Mines, Delivering ValueBuilding Mines, Delivering Value
M O N G O L I A
C H I N A
R U S S I A
K A Z A K H S T A N
Celtic ResourcesHighland Gold
Moscow
2005 targets on track
5.4$220
productioncash costsBuilding Mines, Delivering ValueBuilding Mines, Delivering Value
$230 5.5
2005 first quarter results
1.1million ounces
produced$248
per ounce
$51million earnings
Building Mines, Delivering ValueBuilding Mines, Delivering Value
favourablegold price environment
favourablegold price environment
40% growth target40% growth target
track record ofincreasing reserves
track record ofincreasing reserves
Building Mines, Delivering ValueBuilding Mines, Delivering Value
low-cost producerlow-cost producer