Long Term Mine Planning at Minera Yancacoha S.R.L.

Minera Yanacocha S.R.L. (MYsrl) operates the largest gold mine in South America near Cajamarca in Northern Peru. In 2002, the minera set the goal of being the world’s best heap leach gold operation in terms of efficiency, safety and environmental performance. In support of this goal, the long term planning function seeks to maximize the value of MYsrl’s resources. This includes not only the value of the orebody, but also the value of all past and future investments and the value of the company’s relationships with its employees, the environment and the local communities. All of these components will be critical to MYsrl’s continued long-term success.