1

North America Overview North America Overview

Brant Hinze, Vice President, North American Operations

2February 8, 2008 North America Overview

Nevada Overview

3February 8, 2008 North America Overview

2007 Sales by Process

Carlin Mill 6 Roaster

Twin Creeks Sage Autoclave

Two mills produce 60% of Nevada sales

Juniper: 5%

Mill 5: 3%Queenstake: 2%L T F lo a t:

0%

Phoenix: 8

%

Mill 6: 32%

Sage: 28%

LTree Auto: 4%

Midas: 4%

Carlin SAL: 5%

Carlin NAL: 3%Tw

in Leach: 5%LTree Leach: 1%

4February 8, 2008 North America Overview

Refractory MillsGrind + Oxidize + Leach

Chemistry blending

Flotation MillsGrind + Float Concentrate + Leach Tails

Phoenix: Concentrates Smelter

Mill 5: Concentrates Mill 6 and Sage

Oxide MillsGrind + Leach

Oxide LeachLeach directly on pads

2007 Sales by Process Type

Ref

rac

Mill

s: 6

0%

Float Mills: 11%

Ox Leach: 14%

Ox

Mill

s: 1

3%

Toll: 2%

Juniper: 5%

Mill 5: 3%Queenstake: 2%L T F lo a t:

0 %

Phoenix: 8

%

Mill 6: 32%

Sage: 28%

LTree Auto: 4%

Midas: 4%

Carlin SAL: 5%

Carlin NAL: 3%Tw

in Leach: 5%LTree Leach: 1%

5February 8, 2008 North America Overview

2007 Sales by Process by Mine

Carlin SA Surf

Carlin NA Surf

Mill 5 ConsLT Float Cons

Twin CreeksMill 5 Cons

Phoenix

Carlin SA Surf

Carlin NA Surf

Twin Creeks

Lone Tree

Twin Creeks

Carlin SA Surf

Carlin NA SurfTwin Creeks

TRJV Equity

Deep Post

Chukar

Midas

Leeville/Carlin EastLone Tree

LT Float Cons

Ref

rac

Mill

s: 6

0%Float M

ills: 11%

Ox Leach: 14%

Ox

Mill

s: 1

3%

Toll: 2%

Juniper: 5%

Mill 5: 3%Queenstake: 2%L T F lo a t:

0 %

Phoenix: 8

%

Mill 6: 32%

Sage: 28%

LTree Auto: 4%

Midas: 4%

Carlin SAL: 5%

Carlin NAL: 3%Tw

in Leach: 5%LTree Leach: 1%

6February 8, 2008 North America Overview

Regional Alignment with Strategic Foundation

Operational Execution:Executed against mine plans ex-PhoenixExperienced employees and supply chain managementContinued employee development and training programs

Project Execution:Power plant completionPhoenix optimization and crusher completion

Exploration and Growth:Maintain reserves with near-mine explorationNevada land position

Leverage, Scope and Scale:Complex infrastructure and processing facilities Continuous Improvement

7February 8, 2008 North America Overview

Continuous Improvement Example- Reduced LTAFR & TRFR

Nevada Safety Rate Improvement Trends

3.3

4.8

2.21.8

0.230.180.61

0

1

2

3

4

5

6

2005 2006 2007

Acc

iden

ts p

er y

ear p

er 1

00 p

eopl

e

AIFR - All InjuriesTRFR - Total Reportable InjuriesLTAFR - Lost Time Accidents

8February 8, 2008 North America Overview

Continuous Improvement Example- Mill Tonnage Increases

Mill Tonnage Improvements

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Jan-96

Jan-97

Jan-98

Jan-99

Jan-00

Jan-01

Jan-02

Jan-03

Jan-04

Jan-05

Jan-06

Jan-07

Mill

Ton

s/da

y

Mill 6 Sage Mill 5 (Float Configuration)

9February 8, 2008 North America Overview

Before After

Continuous Improvement Example- Phoenix Drill & Blast

10February 8, 2008 North America Overview

2008 Outlook Summary

$400-$430$444$385Costs applicable to sales – Gold ($/oz)

$350-$400$588$135Consolidated capital expenditures ($m)

666

Q42007

2,341

YTD2007

2,275 – 2,400

Outlook 2008

Equity gold sales (000 ozs)

Production HighlightsLeeville at design production capacity (Q4: 3,281 tons/day)Midas operating near full capacity (Dec: 606 tons/day)Twin Creek leach pad expansion on line

11February 8, 2008 North America Overview

Phoenix Update

Higher mill throughput (up 15%)Re-drilling nearly complete (93%)Crusher replacement (mid-2008) Copper leach project (Stage 3)

SAG Mill Screen

Floatation Froth

Phoenix Mill Tons

0

500

1,000

1,500

2,000

2,500

3,000

3,500

1Q 2Q 3Q 4Q

Mill

tons

(M)

Mill Tons

12February 8, 2008 North America Overview

2008 Equity SalesEq

uity

Gol

d Sa

les

(000

ozs

)

2,341

2,100

2,200

2,300

2,400

2,500

2,600

2007 Actual 2008 Outlook

~ 90

~ 70~ 30

~ 30 ~ 5 ~ (5) ~ (5) ~ (5) ~ (5) ~ (10) ~ (30)~ (90)

~ (90) 2,275 - 2,400

Twin

Cre

eks

Leac

h

Mid

as

Phoe

nix

Mill

Carli

n So

uth

Area

Lea

ch

Carli

n No

rth A

rea

Leac

h

Phoe

nix

Leac

hing

Carli

n M

ill 5

Twin

Cre

eks

Juni

per M

ill

Lone

Tre

e Le

ach

Carli

n M

ill 6

Roa

ster

Toll

Mill

ing

Twin

Cre

eks

Sage

Aut

ocla

ve

Lone

Tre

e Au

tocl

ave

13February 8, 2008 North America Overview

2008 Costs Applicable to Sales

$444

$350

$370

$390

$410

$430

$450

$470

$490

2007 Actual 2008 Outlook

CA

S ($

/oz)

~ ($5) ~ ($10)

~ $10~ $10

~ $10 ~ $5

~ ($20)

~ ($30)

$400 - $430

Labo

r

Part

s an

d Su

pplie

s

Prod

uctio

n

Die

sel

Con

sum

able

s

Elec

tric

ity

Oth

er

Con

trac

t Ser

vice

s

14February 8, 2008 North America Overview

Beyond 2008

Maintain Reserve BaseLarge land position in Nevada (1.9 million acres)Underground reserve potentialOpen pit extensions at higher gold pricesPhoenix copper leach La Herradura opportunities (JV with Peñoles)

Focus on Cost ContainmentPower plant (~$25/ounce)Integration of larger trucks (added 25% pay load)People, training and supply chain

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Questions & Answers Questions & Answers