The Pierina Project: From Acquisition to Production

"1.0 SummaryThe Pierina deposit was acquired in August 1996 when Barrick Gold Corporation purchased Arequipa Resources, a junior mining company with extensive land positions in Peru. At the time of acquisition, Arequipa had developed two exploration tunnels and drilled 9 exploration holes on the property. Metallurgical tests, conducted on samples taken from the tunnels and the exploration holes indicated that the ore was amenable to heap leaching. Barrick’s exploration team recognised from the outset, the potential of the mineralisation and convinced Barrick’s senior management that this was indeed a world class deposit that should be pursued. On November 25, 1998, the first dore was poured at Pierina, 27 months from the time of acquisition. During that period Barrick completed its exploration programme, prepared a development plan including capital and operating costs, production profiles and cash flow forecasts, and a schedule to develop a mine and construct a leach pad and gold recovery plant, including all supporting infrastructure. All permits and environmental approvals were obtained and all necessary land was acquired. The project was completed on schedule and under budget. This was the first greenfield mine development for Barrick outside of North America.This paper details, mainly, the research and development, engineering, construction and commissioning of the metallurgical process facilities.2.0 The Develonment ProgrammeImmediately after the acquisition, Barrick began the process of gathering information required to prepare a project development plan. Kilborn Engineering was retained to assemble all of the information collected and collated into a development plan document. This document was completed by June 16,1997. The objective was to bring the mine into production as quickly as possible with critical activities identified as follows:"