Yanacocha GOLD MILL

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    YANACOCHA GOLD MILL

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    PROJECT IS STRATEGICALLY IMPORTANT TO

    YANACOHA OPERATION

    Project is economically attractive.

    Ores are becoming more complex. Gold

    Mill is an alternative process to treat these

    materials.

    Gold Mill Facility provides the basefacilities and skills for future complex ores

    at Yanacocha.

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    RESOURCE SUMMARY FOR GOLD MILL

    Total Tonnes

    41.5 million tonnes

    Average Ore Grade

    Au 3.92 g/t Ag 24.37 g/t

    Contained Ounces Au 5.2 Moz Ag 32.5 Moz

    Recoverable Ounces

    Au 4.15 Moz Ag 14.2 Moz

    Deep Transition Reserves Ounces (Contained)

    Au 980 Koz

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    PROCESS

    Stockpile

    Agglomeration

    Primary Crusher

    Counter Current

    Decantation (CCD)

    Acidification, Volatilization,

    Re-adsorption (AVR)

    Sulfidization, Acidification,

    Recirculation & Thickening (SART)

    Leach Circuit

    24 Hrs

    Electrical

    Substation

    Area

    Grinding

    circuit

    Video

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    GOLD MILL PROCESS FLOWSHEET

    Crusher Feed Bin

    Jaw

    Crusher

    Stockpile Feed Conveyor

    Crushed Ore Stockpile

    (11 hr S torage)

    Mill Feed Conveyor

    SAG Mill (625tph)Ball Mill

    (11.5MW)

    Cyclones

    Linear Trash

    Screen

    Sump & Pumps

    Pre-Leach

    Thickener

    Process Water Tank

    Lime &

    Cyanide

    Tailings Disposal atLa Quinua Leach Pad

    Flocculant

    NaHS &

    H2SO4

    Flocculant

    Flocculant

    Lime

    Carbon Treatment

    At La QuinuaH2SO4

    NaOH

    Recovered NaCN

    To Mill Circuit

    Flocculant

    CONCENTRATE SALES

    Feeder & Vibrating

    Grizzly

    EXISTING ATAGGLOMERATOR

    Leach Circuit

    (6 Tanks @ 24 hrs)

    Dilution Water

    SART Precip Thickener

    SART NeutralizationTanks (4 Stages)

    GypsumThickener

    Gypsum

    Recycle

    Carbon

    Return

    Stripping Columns

    (5 Installed)

    Adsorption Columns

    (5 Installed)

    Stripped Solution Tank

    Barren

    Solution

    La Quinua Carbon

    Adsorption Circuit

    Barren Solution

    To Leach Pad

    CCD Wash Solution

    (LQ Barren)

    Barren Solution

    To CCD Wash

    CARBON COLUMNSAVR CIRCUIT

    SART CIRCUIT

    GOLD LEACH

    PRIMARY CRUSHER

    (Existing)

    Lime &

    Cyanide

    CCD CIRCUIT

    5 Stages

    Precip Filter and

    Bagging Plant Gypsum Recycle

    To Mill

    SAG & BALL

    MILLING

    CRUSHED ORE STOCKPILE

    Flocculant

    PRE-LEACH

    THICKENER

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    CRUSHING

    Use existing agglomeration Crusher

    1500 TPH

    ~9.5 h/d operation

    Feed Stockpile

    ~11 hours live capacity in stockpile

    Consumables

    Power and Steel liners

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    MILLING

    New SAG and Ball Mill

    D-26 Krebbs Hydrocyclones

    Classify ground ore (80% -75 m)

    Consumables

    Power, steel balls, mill liners

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    PRE-LEACH THICKENING

    Objective

    Recover process water for grinding circuit

    Thicken pulp for subsequent leaching to

    optimize leach residence time

    Consumables Flocculent, anti-scalent, and power

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    GOLD LEACH

    Slurry is mixed in large agitated tanks

    with the objectives:

    Leach gold and silver from ore copper is

    leached as a by-product

    Consumables

    Power, cyanide, lime, low pressure air

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    CCD THICKENING AND WASHING

    Purpose

    Solids/liquid separation to produce metal/cyanide rich

    solution for recovery of gold, silver, copper andcyanide

    Solids routed to mill sands

    5 Stages of Thickeners- 28 30 metersdiameter

    Approx 600 m3/h of wash solution 1.2:1 was

    ratio for >99% solute recovery

    Final thickener is also a high density mill sands

    thickener deeper cone

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    SART SOLUTION TREATMENT

    Sulfidization, Acidification, Recycle, and

    Thickening.

    1st CCD thickener overflow is treated in aSART process to remove Cu and Ag

    Precipitation of (WAD) metal cyanide

    complexes Ag, Cu, Zn

    Cu and Ag sulfides sold as a concentrate

    Neutralization with lime for gypsum removal Au recovery via 7 stage CIC

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    SART SOLUTION TREATMENT

    Batu Hijau Copper Sulfide

    Precipitation Filter Press

    Copper Sulfide product

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    CARBON ELUTION / REGENERATION

    Will be performed in existing plants at La Quinua

    Final Au recovery in existing Merrill Crowe

    plant/refinery at Yanacocha NorteObjective

    Acid wash carbonate and organic material from

    carbon Concentrate gold from carbon to an enriched solution

    Regenerate carbon activity

    Return sized barren carbon to leach circuitConsumables

    Carbon, power, caustic, cyanide, anti-scalent, diesel

    fuel, hydrochloric acid

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    AVR CYANIDE RECOVERY

    Acidification, Volatilization, and Recovery

    Excess cyanide used in the mill will berecovered and reused in the mill to maintain

    cyanide balance

    Only in years where transition ores containinghigh copper values are treated

    Solution contacted with air in packed bed towers HCN is stripped from the solution to the gas phase

    Recycled cyanide is returned to the mill.

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    NEW REAGENT FACILITIES

    Cyanide

    Lime

    Caustic Soda

    Carbon

    FlocculantDiesel Fuel

    Anti-Scalent

    Sulfuric Acid

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    MILL SANDS DISPOSAL

    High compression thickened mill sands.

    Dispose mill sands on the south section of theLQ pad.

    Mill sands disposal area has same foundation

    preparation and liner system as La Quinuaheap leach.

    Heap leach and mill sands drainage systems

    are continuous.Continuos monitoring program.

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    MILL SANDS CROSS SECTION

    LA QUINUA PAD

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    PROJECT MILESTONE DATES

    Submit AFE March 2005

    Start EIS Workshops March 2005

    Submit EIS January 2006

    Start Detail Engineering Plant. November 2005

    Start Bulk Earthworks Const. August 2006

    EIS Approval January 2007

    Start Mechanical/Elect. Const. March 2007

    Mechanically complete November 2007

    Startup Plant January 2008

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    IMPORTANT RISKS

    Manageable Risks

    Expenditure schedule controlled by social

    acceptance/permit progress.

    Other Risks Considered Political (Elections).

    Social acceptance.

    Metal prices.

    Reagents & Consumable prices.

    Escalation.