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Pueblo Viejo Technical Report

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Pueblo Viejo Technical Report PUEBLO VIEJO DOMINICANA CORPORATION, BARRICK GOLD CORPORATION, GOLDCORP INC. TECHNICAL REPORT ON THE PUEBLO VIEJO MINE, SANCHEZ RAMIREZ PROVINCE, DOMINICAN REPUBLIC NI 43-101 Report Qualified Persons: Rosmery Cardenas, P.Eng. Hugo Miranda, MBA, ChMC (RM). Holger Krutzelmann, P.Eng. March 19, 2018 RPA 55 University Ave. Suite 501 I Toronto, ON, Canada M5J 2H7 IT + 1 (416) 947 0907 www.rpacan.com Report Control Form Document Title Technical Report on the Pueblo Viejo Mine, Sanchez Ramirez Province, Dominican Republic Client Name & Address Barrick Gold Corporation Goldcorp Inc. 10371 N. Oracle Road Suite 3400 Suite 201 666 Burrard Street Tucson, AZ 85737 Vancouver, British Columbia Canada V6C 2X8 Document Reference Status & FINAL Project #2898 Issue No. Version Issue Date March 19, 2018 Lead Author Hugo Miranda (Signed) Rosmery Cardenas (Signed) Holger Krutzelmann (Signed) Peer Reviewer Deborah McCombe (Signed) Richard Lambert (Signed) Project Manager Approval Hugo Miranda (Signed) Project Director Approval Deborah McCombe (Signed) Report Distribution Name No. of Copies Client RPA Filing 1 (project box) Roscoe Postle Associates Inc. 55 University Avenue, Suite 501 Toronto, ON M5J 2H7 Canada Tel: +1 416 947 0907 Fax: +1 416 947 0395 [email protected] www.rpacan.com FORWARD-LOOKING INFORMATION This report contains forward-looking statements. All statements, other than statements of historical fact regarding Barrick, Goldcorp, or Pueblo Viejo, are forward-looking statements. The words "believe", "expect", "anticipate", "contemplate", "target", "plan", "intend", "project", "continue", "budget", "estimate", "potential", "may", "will", "can", "could" and similar expressions identify forward-looking statements. In particular, this report contains forward- looking statements with respect to cash flow forecasts, projected capital and operating expenditure, mine life and production rates (including those as a result of the expansion of the processing plant), metal or mineral recoveries, expected grades, estimates of mineral resources and mineral reserves, benefits of proposed mine design and layout, projected savings from cost reduction assessments, and information pertaining to potential improvements to financial and operating performance at Pueblo Viejo that may result from certain initiatives. All forward‐looking statements in this report are necessarily based on opinions and estimates made as of the date such statements are made and are subject to important risk factors and uncertainties, many of which cannot be controlled or predicted. Material assumptions regarding forward-looking statements are discussed in this report, where applicable. In addition to such assumptions, the forward-looking statements are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: fluctuations in the spot and forward price of commodities (including gold, copper, silver, diesel fuel, liquefied natural gas and electricity); changes in mineral production performance, exploitation and exploration successes; diminishing quantities or grades of reserves; operating or technical difficulties in connection with mining or development activities, including disruptions in the maintenance or provision of required infrastructure and information technology systems; damage to Barrick’s or Pueblo Viejo’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the handling of environmental matters or dealings with community groups, whether true or not; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; uncertainty whether some or all of the improvement initiatives will meet Barrick's capital allocation objectives; the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; the impact of inflation; fluctuations in the currency markets; changes in interest rates; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the Dominican Republic; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; litigation; contests over title to properties or over access to water, power and other required infrastructure; increased costs and risks related to the potential impact of climate change; and availability and increased costs associated with mining inputs and labor. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks). All of the forward-looking statements made in this report are qualified by these cautionary statements. Barrick, Goldcorp, and RPA and the Qualified Persons who authored this report undertake no obligation to update publicly or otherwise revise any forward‐looking statements whether as a result of new information or future events or otherwise, except as may be required by law. Pueblo Viejo Dominicana Corporation – Pueblo Viejo Mine, Project #2898 Technical Report NI 43-101 – March 19, 2018 www.rpacan.com TABLE OF CONTENTS PAGE 1 SUMMARY ...................................................................................................................... 1-1 Executive Summary ....................................................................................................... 1-1 Technical Summary ....................................................................................................... 1-6 2 INTRODUCTION ............................................................................................................. 2-1 Sources of Information ................................................................................................... 2-2 3 RELIANCE ON OTHER EXPERTS ................................................................................. 3-1 4 PROPERTY DESCRIPTION AND LOCATION ................................................................ 4-1 Land Tenure .................................................................................................................. 4-1 Permits .......................................................................................................................... 4-5 5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ............................................................................................................... 5-1 Accessibility ................................................................................................................... 5-1 Climate and Physiography ............................................................................................. 5-1 Infrastructure ................................................................................................................. 5-2 Local Resources ............................................................................................................ 5-3 6 HISTORY ........................................................................................................................ 6-1 Pre-1969 ........................................................................................................................ 6-1 Rosario/AMAX (1969-1992) ........................................................................................... 6-1 Privatization (1996) ........................................................................................................ 6-2 Placer Dome Inc. ........................................................................................................... 6-3 Past Production ............................................................................................................. 6-4 7 GEOLOGICAL SETTING AND MINERALIZATION .......................................................... 7-1 Regional Geology .......................................................................................................... 7-1 Property Geology ........................................................................................................... 7-3 Mineralization .............................................................................................................. 7-13 8 DEPOSIT TYPES ............................................................................................................ 8-1 9 EXPLORATION ............................................................................................................... 9-1 10 DRILLING .................................................................................................................... 10-1 Pre-PVDC Drilling ........................................................................................................ 10-6 Evaluation of Drilling Programs .................................................................................... 10-9 PVDC Drilling
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