Our principle of “quality over quantity” is reflected in our mineral resource estimation methodology.

  • We built on our decision to hold our gold price assumption at 2011 levels by applying a rigorous fully-loaded costing methodology to all of our operating sites
  • This pursuit of higher margin, lower cost ounces reduced our mineral reserves7 but increased their value:
    • 17% increase in overall grades, net of FDN
    • Reduced stripping
    • Lower capital expenditures
    • Improved  near-term cash flow

42.7 Proven and probable gold reserves (million ounces); 19.5 Measured and indicated gold reserves (million ounces); 6.7 Inferred gold resources (million ounces)

See our 2013 Mineral Reserves and Mineral Resources Statement (PDF)
(As of December 31, 2013)