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The Mt Francisco Project is an exploration-stage project located in the Pilbara region of Western Australia, approximately 50 kilometres south-west of Pilbara Minerals' flagship Pilgangoora Lithium-Tantalum Project. It is considered a high-quality lithium-tantalum exploration asset. The project is a joint venture between Pilbara Minerals (70%) and Atlas Iron Limited (30%).

The Colina Project, formerly known as the Salinas Project, is a hard rock lithium asset located in the state of Minas Gerais, Brazil. It is currently in the development and study phase, with Pilbara Minerals undertaking exploration and development studies to inform a final investment decision.

A Preliminary Economic Assessment (PEA) projected an average annual production of 405,000 tonnes of SC5.5 and 123,000 tonnes of SC3 over the life of the mine.

Two-stage operation with a simple Dense Media Separation (DMS) circuit and spirals, designed to produce a high-quality 5.5% Li2O spodumene concentrate (SC5.5) and a 3% Li2O spodumene tailings concentrate product (SC3).

The Ngungaju Plant is a key processing facility at Pilbara Minerals' Pilgangoora Operation in Western Australia, slated to resume production in early July 2026. It will move from care and maintenance to operating due to improved lithium market conditions, adding approximately 200,000 tonnes of spodumene concentrate production per annum. It is a core component of the Pilgangoora Operation, the world's largest independent hard-rock lithium operation, producing spodumene and tantalite concentrates.

undergone a crusher upgrade to support the resumption of operations

For the P1000 expansion project, there were 560 workers on site during peak construction which created approximately 50 permanent operational roles. In 2025, Pilbara Minerals had 950 employees in total.

Production overview - 2025: lithium 754600 t; 2024: lithium 226200 t.

The Pilgan Plant is one of two processing plants at the Pilgangoora Operation and produces spodumene and tantalite concentrates. The plant has undergone significant upgrades, including the P680 and P1000 expansion projects, to increase production capacity. The P1000 expansion included a major upgrade to the plant's concentrator. As of December 2024, the nearby Ngungaju Plant was placed on care and maintenance, with the Pilgan Plant being the single operating processing plant. A feasibility study for a further expansion, the P2000 Project, is underway with outcomes expected in the December Quarter of 2025. This expansion would require the construction of a new whole-of-ore flotation plant.

The overall Pilgangoora Operation uses conventional open-pit mining with truck and hydraulic excavators, along with drill and blast methods. The Pilgan Plant is supported by a crushing and ore sorting facility, described as the world's largest lithium ore sorter.

P680 and P1000 expansion projects, P2000 Project

768 (as of the end of FY23 for Pilbara Minerals employees); approximately 300 additional jobs were created by the P680 expansion. The operational workforce was approximately 200 people in November 2018.

Production overview - 2025: lithium 221300 t, tantalum 60908 lbs; 2024: lithium 226200 t.

The Pilgangoora Operation has two processing plants: the Pilgan Plant and the Ngungaju Plant. The Pilgan Plant produces both spodumene and tantalite concentrates, while the Ngungaju Plant produces spodumene concentrate. As of December 2024, the Ngungaju Plant was placed into care and maintenance to optimise costs, with the operation transitioning to a single processing plant model (P850). The P680 Expansion Project was completed in August 2024, which included a new crushing and ore sorting facility. The P1000 Expansion Project, which further upgrades the Pilgan Plant, achieved first ore on 31 January 2025 and is expected to ramp up to full capacity in the September Quarter 2025.

The P680 Expansion Project, completed in August 2024, increased the Pilgangoora Operation's production capacity. The P1000 Expansion Project was completed in the March Quarter 2025, further increasing production capacity. A pre-feasibility study for the P2000 project has been released, which considers expanding production to more than 2 million tonnes per annum. The company is also constructing a mid-stream demonstration plant at the Pilgangoora Operation.

97% Dominican

The Pueblo Viejo mine is located in the Dominican Republic, approximately 100 kilometres northwest of the capital city of Santo Domingo. It is a joint venture operated by Pueblo Viejo Dominicana Corporation, with Barrick Gold Corporation holding a 60% interest and Newmont Corporation owning the remaining 40%. Construction began in 2008, with first production in 2012 and commercial production commencing in 2013. The mine consists of two open pits, Moore and Monte Negro.

Production overview - 2023: gold 558333 oz; 2022: gold 713333 oz.

The processing method involves pressure oxidation in autoclaves followed by a carbon-in-leach circuit. A plant expansion project, which reached commercial production in the third quarter of 2024, is designed to increase throughput. The expansion aims to achieve an 85% recovery rate in 2025 and is targeting 90% by 2027. The conversion of the Quisqueya 1 power plant to natural gas was completed in 2020, which is expected to decrease greenhouse gas emissions by 30%.

conventional truck-and-shovel open pit

A major plant expansion and mine life extension project is underway to sustain average annual gold production above 800,000 ounces (100% basis) and extend the mine's life beyond 2040. The total estimated capital cost for the project is US$2.1 billion. Phase 1 of the expansion, related to the process plant, was completed and achieved commercial production in the third quarter of 2024. A delayed ramp-up occurred due to the failure of a feed conveyor, which has since been reconstructed. Phase 2 focuses on a new tailings storage facility (TSF) called El Naranjo. The feasibility study for the Naranjo TSF was completed in the third quarter of 2024, and tenders for major construction contracts have been released. Early works for the new TSF are expected to begin in 2025. The project requires a resettlement action plan for local communities.

expected to reach 3,200 employees by the end of 2024

The Porgera mine was placed on care and maintenance in April 2020. It officially reopened on 22 December 2023, with recommissioning work beginning to pave the way for mining and processing to restart in the first quarter of 2024. The first gold was poured by February 2024, and the mine is expected to reach full production before the end of the third quarter of 2024.

Production overview - 2015: gold 13561 kg; 2014: gold 15334 kg.

The mine produces gold in doré form. The processing plants utilise gravity separation, flotation, autoclaves, and cyanide leaching.

In the first quarter of 2025, an order was placed for seven new Sandvik surface drill rigs, including four DR410i rotary blasthole drill rigs and three Leopard DI650i down-the-hole drill rigs, with deliveries expected between June and November 2025. New Sandvik trucks, loaders, and drills are also being supplied for the underground operations, with deliveries expected to continue through 2028.

2923

Production overview - 2023: gold 253000 oz; 2022: gold 263000 oz.

The process plant has a capacity to process an average of 8,000 tonnes of ore per day. The processing method is conventional carbon-in-leach (CIL) technology. The circuit includes a ROM tipping structure, primary, secondary, and tertiary crushing and screening circuits. The grinding circuit consists of a SAG mill and ball mill, with classification done by cyclones. The plant was upgraded to increase capacity from 2 Mt/y to 2.8 Mt/y, which included adding a secondary crushing circuit, additional absorption tanks, an electrowinning cell, and a tailings thickener. A new crushing plant was being constructed to produce a better crush size to reduce milling power and increase throughput, with commissioning planned for Q4 2023.

The underground mining fleet includes Sandvik TH540, TH551i, and TH663i trucks, as well as Caterpillar R2900G LHDs and Sandvik production and development drills. The open pit operation utilises ten new Cat 777 trucks commissioned in late 2022. The mine has a fleet of over 400 light vehicles and trucks equipped with AI dashcams and MDVRs for safety monitoring.

Mining at the new Gena open pit commenced in the first quarter of 2023. A new surface decline at the Gokona deposit (Gokona Boxcut Project) commenced development at the end of 2024, with the new portal on the east mine to enable mining of the Gokona cutback in 2025. Decline development is expected to be completed in Q1 2025, with the Gokona cutback to commence in Q2 2025.

around 900 people

Production overview - 2022: gold 500000 oz; 2020: gold 330000 oz, silver 56617 oz.

The refractory gold ore is treated using pressure oxidation (autoclave) technology, followed by conventional carbon-in-leach to recover the gold.

On July 1, 2019, Barrick's Turquoise Ridge Mine and Newmont's Twin Creeks Complex were combined to form the Turquoise Ridge Complex. An expansion project, which included the development of a third shaft, was undertaken to increase production and ventilation. This expansion is expected to add another 15 years of viable operations.

The Rock Creek project, acquired by Hecla Mining Company in June 2015, is a proposed underground copper and silver mine and mill complex located approximately five miles northeast of Noxon, in Sanders County, Montana. The project is currently on hold due to a 2021 court ruling that invalidated federal authorization, requiring new analyses for future permit applications.

Proposed mill complex.

Hecla has withdrawn the previous owner's plan of operations and is not actively seeking permits for construction. A 2021 court ruling invalidated the U.S. Forest Service's approval for the mine's evaluation phase, citing violations of the Endangered Species Act. The project has no current federal authorisation to proceed, and new analyses would be required for any future permit applications.

The Rackla project is considered a massive-scale project covering over 650 square miles. The project consists of two main deposits: the Osiris deposit, which is a Carlin-type gold system, and the Tiger deposit, a carbonate replacement gold deposit.

Production overview - 2022: gold 32.35 t; 2020: gold 14.43 t.

The proposed processing plant for the Tiger Deposit will use conventional crushing, grinding, cyanidation by carbon-in-pulp (CIP), and gold recovery from loaded carbon to produce gold doré.

30 to 35 people

The Libby Exploration Project is an underground silver and copper exploration operation. In October 2025, the U.S. Forest Service authorized the Plan of Operations, allowing underground exploration and evaluation activities to collect data for project engineering, environmental requirements, and overall feasibility. The project is expected to last for approximately 16 years, including post-reclamation monitoring. Activities include dewatering and rehabilitating the existing Libby Creek adit, extending the tunnel, and constructing additional tunnels for exploration. As of March 2026, the project's approval was being challenged in court.

2 company employees

The Fire Creek Mine is located in Lander County, Nevada. In the second quarter of 2021, the mine was placed on care and maintenance after the processing of the remaining non-refractory ore stockpile was completed. As of December 2025, the Nevada Operations, which include Fire Creek, remained on care and maintenance. Hecla Mining is conducting a strategic review of its Nevada portfolio and has an exploration program that could justify a restart of mining operations. The deposit is described as a low-sulfidation, epithermal deposit, with mineralisation occurring in steeply dipping veins.

Production overview - 2020: gold 31800 oz, silver 37400 oz.

Mopani Copper Mines PLC has since 2014 sunk and equipped three brand new shafts to replace the old infrastructure at both Nkana and Mufulira mine sites, which dates back to the 1930s. The three new shafts are Syclinorium and Mindola Deeps Shafts at Nkana Mine in Kitwe and The Henderson Shaft at Mufulira Mine site. Mopani has also built a brand new Concentrator at Nkana mine site, The New Syclinorium Concentrator. The new infrastructure is expected to extend the life of the mine by over 25 years, improve production efficiencies and safeguard the existing jobs while guaranteeing Mopani’s continued contribution to growing the Zambian economy.

7500 (peak construction), 4000 (long-term). As of May 2025, nearly 1,000 employees were on-site.

Production overview - 2024: gold 110.56 t, copper 2200000 t.

The processing facilities will produce a high-quality copper-gold concentrate through a crush, mill, and flotation circuit. Construction is planned in two phases with a combined process capacity of 90 million tonnes per annum.

The operation will be a conventional truck-and-shovel open pit mine. This will include the use of 360-ton trucks.

The reconstitution of the Reko Diq project was completed in December 2022. In February 2025, Barrick filed an updated NI 43-101 technical report for the project. As of April 2026, Barrick has slowed development activity and extended the project review until mid-2027 due to escalating security risks in the region. This is expected to lead to significant increases in the previously estimated capital budget and timeline. The initial target for first production was the end of 2028, which is now under review. The estimated capital cost for Phase 1 was between $5.6 billion and $6.0 billion, and for Phase 2 was between $3.3 billion and $3.6 billion.

570 jobs during operations

The Goldrush mine is part of the Cortez Complex. The US Bureau of Land Management issued a Record of Decision for the project in late 2023. The official opening of the mine was announced on 25 April 2024. The total anticipated capital expenditure for the project is approximately $1 billion, with more than $370 million invested to date. The mine is expected to generate hundreds of millions of dollars in net proceeds tax and gold and silver excise taxes for Nevada.

The mine is forecast to produce 130,000 ounces of gold in 2024. Production is expected to increase to approximately 400,000 ounces per annum by 2028.

The Goldrush deposit is a Carlin-type sedimentary rock-hosted deposit. Refractory ore from the Cortez Complex is shipped to Barrick's Goldstrike operation for processing by autoclave or roaster facilities.

The mine will utilise a fleet of loaders, trucks, and drills.

The development includes the sinking of ventilation shafts to enable increased mining rates.

A three-year prefeasibility study was planned to start in 2025. Construction of the Bullion Hill exploration decline portal and the start of underground development are expected in 2026. Underground development is expected to provide access for drilling the deeper parts of the orebody from 2027. By 2029, Barrick plans to have 34 kilometres of development connecting Bullion Hill with the Goldrush infrastructure. Initial test stoping and production ramp-up are anticipated around 2029-2030. The mine is projected to produce between 600,000 and 750,000 ounces of gold annually once fully operational. In 2026, the company plans to use more than 20 rigs for approximately 120 kilometres of directional surface drilling. The drilling program aims for 30-35 metre spacing for indicated resources and 80-90 metre spacing for inferred resources. The plan includes 370 kilometres of surface drilling and 80 kilometres of underground drilling by the end of 2028. There is an exploration upside estimate of 32-34 million tonnes at a grade of 15-16 g/t gold outside of the 2024 mineral resource.

Production overview - 2025: gold 368543.75 t; 2024: gold 181436.95 t.

Future work includes plans for pilot autoclave and roaster test work.

A three-year prefeasibility study was planned to start in 2025. Construction of the Bullion Hill exploration decline portal and the start of underground development are expected in 2026. Underground development is expected to provide access for drilling the deeper parts of the orebody from 2027. By 2029, Barrick plans to have 34 kilometres of development connecting Bullion Hill with the Goldrush infrastructure. Initial test stoping and production ramp-up are anticipated around 2029-2030.

3,102 people, including both direct employees and contractors

The Zaldívar mine is an open-pit copper mine located in the Antofagasta Region of northern Chile. It is a 50/50 joint venture between Barrick Gold Corporation and Antofagasta Plc, with Antofagasta acting as the operator since December 2015.

Production overview - 2023: copper 40500 t.

heap leaching, solvent extraction, electrowinning (SX-EW), crushing plant

potential development of primary sulphide ore and a transition to seawater or a third-party water source after 2028

2,500-2,882 (2024); 98% Zambian (2025). Expansion will require an additional 550 workers over five years for ramp-up and 2,500 construction workers until 2028.

The mine is a conventional open-pit truck and shovel operation. The primary deposits are Malundwe and Chimiwungo. Ore is processed through a conventional sulphide flotation plant to produce copper concentrate. The mine was officially commissioned in December 2008 and inaugurated in April 2009.

Production overview - 2022: copper 121113 t; 2021: copper 108790 t.

Conventional sulphide flotation plant to produce copper concentrate. Expansion will double the processing plant's throughput from 27 Mtpa to 52 Mtpa.

Komatsu 290 t class 930E-5 haul trucks, Hitachi EH4500 trucks (older), Komatsu PC8000 and PC7000 shovels. New equipment for expansion includes grinding, flotation, thickening, feeding, and filtration equipment from Metso. Mine design for expansion includes in-pit crushing and conveying, with a planned transition to cable electric-powered shovels by 2031.

Lumwana Super Pit Expansion project, involving current Chimiwungo and Malundwe pits and development of two new open pits at Kamisengo and Kababisa. Aims to double processing plant's throughput from 27 Mtpa to 52 Mtpa and double average annual copper production from 120,000 tonnes to 240,000 tonnes.

The mine employs a diverse multinational workforce with employees from countries including Egypt, Zambia, Australia, New Zealand, Indonesia, the United Kingdom, Ireland, the Philippines, Tanzania, Ghana, and Saudi Arabia.

Production overview - 2024: copper 18000 t; 2023: copper 59091 t.

The operation uses large-scale longhole open stoping methods. The processing plant produces copper concentrate that is sold to third-party smelters. All construction activities at the paste plant were completed and commissioning commenced in the second quarter of 2024.

The underground fleet includes a new DD421-60C Jumbo, which was being mobilised. The underground communications system is being expanded to include Newtrax installation to allow for the integration of mine control.

Stoping commenced at Lode 1, a new ore body, in the third quarter of 2023. The development of Lode 1 has added 100,000 production tonnes per annum to the mine plan. An expansion of the plant was planned to increase production to 3.0 Mtpa. In 2023, Ma'aden and Barrick Gold formed two new joint ventures to explore for copper in the Jabal Sayid South and Umm ad Damar license areas.

approximately 2,350 to 3,000 direct employees and several thousand contractors. As of 2021, 97% of the workforce were Dominican nationals.

Production overview - 2023: gold 559000 oz; 2022: gold 713000 oz.

The ore is processed through crushing and grinding, followed by pressure oxidation in autoclaves for refractory ore, and then a carbon-in-leach (CIL) circuit to recover gold and silver.

The mining operation is a conventional truck and shovel method. The processing plant utilises gearless mill drives.

A major plant expansion and mine life extension project is underway to increase throughput and sustain gold production at an average of 800,000 ounces per year (100% basis). This expansion is expected to extend the mine's life beyond 2040. The project includes the construction of a new tailings storage facility.

expected to employ over 3,200 people by the end of 2024

The Porgera mine was placed on care and maintenance in April 2020 after the government of Papua New Guinea did not renew its special mining lease. Following negotiations, a new special mining lease was granted to New Porgera Limited in October 2023. The mine officially reopened on 22 December 2023, with recommissioning work beginning immediately. The first gold pour since the restart was expected in the first quarter of 2024. Full production is anticipated to be reached by the end of 2024.

Production overview - 2019: gold 600000 oz; 2009: gold 572595 oz, silver 94764 oz.

The Porgera processing plant utilises a conventional method that includes crushing, grinding, gravity recovery, flotation, pressure oxidation, and carbon-in-pulp (CIP) cyanide leaching. The plant has a capacity of approximately 6 million tonnes per year.

new fleet of surface drill rigs from Sandvik Mining and Rock Solutions, ordered in the first quarter of 2025. This includes four Sandvik DR410i rotary blasthole drill rigs and three Leopard™ DI650i down-the-hole (DTH) drill rigs. This is in addition to new Sandvik trucks, loaders, and drills for the underground operations, with deliveries expected to continue through 2028. The open-pit mine has historically used a fleet of O&K RH 200 hydraulic excavators and Caterpillar 789 haul trucks. The underground operations are equipped with a modern trackless mining fleet.

2,923 people

Production overview - 2025: gold 249000 oz; 2021: gold 260000 oz.

The process plant has the capacity to process an average of 8,000 tonnes of ore per day.

The underground mining fleet includes Sandvik TH540, TH551i, and TH663i trucks, and Caterpillar R2900G LHDs, as well as Sandvik production and development drills. In the fourth quarter of 2022, ten new Cat 777 trucks were commissioned for the open pit operations. The full fleet consists of over 400 light vehicles and trucks.

A new crushing plant was being constructed, with commissioning planned for the fourth quarter of 2023, to improve crush size and increase throughput. The Gokona Boxcut Project commenced development of a new surface decline at the Gokona deposit at the end of 2024. The new portal on the east mine is intended to enable the mining of the Gokona cutback in 2025, with the decline development expected to be complete in the first quarter of 2025. Mining at the Gena Pit was restarted in the second half of 2023. There has been a transition from contractor to owner-miner for open cast mining.

The total workforce for the Pipeline Mine and Cortez Hills open pit in 2023 was 945 (735 company employees and 210 contract employees). The workforce for the Cortez Hills Underground Mine in 2024 was 463 (337 company employees and 126 contract employees).

The Cortez Complex consists of the Pipeline, Crossroads, and Cortez Hills open pits, as well as the Cortez Hills underground mine. In 2023, Cortez achieved its highest annual production in four years. The complex is considered to have a production growth profile that extends well beyond 10 years. Production at Cortez is forecast to be lower in 2024 compared to 2023.

Production overview - 2023: gold 806504 oz, silver 64287 oz.

Ore is processed through an oxide mill and heap leach pads. As part of the integrated Nevada Gold Mines complex, refractory ore is shipped to Barrick's Goldstrike operation for processing.

Komatsu 930E-5 haul trucks

The Goldrush underground mine, part of the Cortez Complex, received its Record of Decision from the US Bureau of Land Management in December 2023, allowing for the immediate start of work on surface infrastructure. The total capital expenditure for the project is anticipated to be approximately $1 billion on a 100% basis. The mine is expected to ramp up production, forecasting approximately 130,000 ounces of gold in 2024 and growing to around 400,000 ounces per year by 2028 (100% basis). The Goldrush project is anticipated to create approximately 500 jobs during construction and 570 new jobs during operations.