DENVER, April 23, 2026
Per unit measures may not recalculate due to rounding.
2026 | 2025 | |||
Gold ounces produced (thousands): | ||||
Lihir | 113 | 164 | ||
Cadia | 94 | 103 | ||
Tanami | 82 | 78 | ||
Boddington | 111 | 126 | ||
Ahafo South | 128 | 205 | ||
Ahafo North (1) | 62 | - | ||
Merian | 88 | 62 | ||
Cerro Negro | 46 | 28 | ||
Yanacocha | 144 | 105 | ||
Peñasquito | 54 | 123 | ||
Red Chris (2) | 14 | 14 | ||
Brucejack | 59 | 41 | ||
Nevada Gold Mines (3) | 236 | 216 | ||
Total Consolidated Core portfolio | 1,231 | 1,265 | ||
Total Divested Non-Core assets (4) | - | 195 | ||
Total Consolidated Newmont | 1,231 | 1,460 | ||
Merian (25%) (5) | (22) | (15) | ||
Pueblo Viejo (6) | 54 | 49 | ||
Fruta Del Norte (7) | 38 | 43 | ||
Total Attributable Newmont | 1,301 | 1,537 | ||
Other metals produced: Cadia copper tonnes (thousands) | 21 | 21 | ||
Boddington copper tonnes (thousands) | 3 | 7 | ||
Red Chris copper tonnes (thousands) (2) | 6 | 7 | ||
Total copper tonnes (thousands) | 30 | 35 | ||
Peñasquito silver ounces (millions) | 9 | 6 | ||
Peñasquito lead tonnes (thousands) | 27 | 22 | ||
Peñasquito zinc tonnes (thousands) | 62 | 59 |
(1) In the fourth quarter of 2025, the Ahafo North development project achieved commercial production and became a reportable segment.
(2) Newmont has a 70% interest in Red Chris, which is accounted for using the proportionate consolidation method.
(3) Newmont has a 38.5% interest in Nevada Gold Mines, which is accounted for using the proportionate consolidation method.
(4) Newmont completed the sale of the CC&V, Musselwhite, and Éléonore reportable segments in the first quarter of 2025, and the sale of the Akyem and Porcupine reportable segments in the second quarter of 2025.
(5) Newmont has a 75% interest in Merian, which it consolidates at 100%.
(6) Newmont has a 40% interest in Pueblo Viejo, which is accounted for as an equity method investment.
(7) The Fruta del Norte mine is wholly owned and operated by Lundin Gold Inc., in which Newmont holds a 32% interest, and is accounted for as an equity method investment on a quarter lag.
SALES VOLUMES Three Months Ended March 31,
2026 | 2025 | |||
Gold ounces sold (thousands): | ||||
Lihir | 117 | 160 | ||
Cadia | 96 | 98 | ||
Tanami | 89 | 75 | ||
Boddington | 97 | 135 | ||
Ahafo South | 125 | 199 | ||
Ahafo North (1) | 63 | - | ||
Merian | 84 | 48 | ||
Cerro Negro | 56 | 38 | ||
Yanacocha | 139 | 96 | ||
Peñasquito | 57 | 118 | ||
Red Chris (2) | 13 | 15 | ||
Brucejack | 57 | 46 | ||
Nevada Gold Mines (3) | 239 | 216 | ||
Total Consolidated Core portfolio | 1,232 | 1,244 | ||
Total Divested Non-Core assets (4) | - | 198 | ||
Total Consolidated Newmont | 1,232 | 1,442 | ||
Merian (25%) (5) | (21) | (12) | ||
Total Attributable Newmont | 1,211 | 1,430 | ||
Other metals sold: Cadia copper tonnes (thousands) | 21 | 21 | ||
Boddington copper tonnes (thousands) | 3 | 7 | ||
Red Chris copper tonnes (thousands) (2) | 6 | 7 | ||
Total copper tonnes (thousands) | 30 | 35 | ||
Peñasquito silver ounces (millions) | 10 | 6 | ||
Peñasquito lead tonnes (thousands) | 28 | 21 | ||
Peñasquito zinc tonnes (thousands) | 58 | 73 |
(1) In the fourth quarter of 2025, the Ahafo North development project achieved commercial production and became a reportable segment.
(2) Newmont has a 70% interest in Red Chris, which is accounted for using the proportionate consolidation method.
(3) Newmont has a 38.5% interest in Nevada Gold Mines, which is accounted for using the proportionate consolidation method.
(4) Newmont completed the sale of the CC&V, Musselwhite, and Éléonore reportable segments in the first quarter of 2025, and the sale of the Akyem and Porcupine reportable segments in the second quarter of 2025.
(5) Newmont has a 75% interest in Merian, which it consolidates at 100%.
2026 | 2025 | ||
$ | 1,503 | $ | 1,009 |
$ | 1,050 | $ | 794 |
$ | 1,099 | $ | 1,087 |
$ | 1,421 | $ | 1,239 |
$ | 1,696 | $ | 1,238 |
$ | 1,190 | $ | - |
$ | 1,320 | $ | 1,497 |
$ | 1,181 | $ | 2,063 |
$ | 1,005 | $ | 961 |
$ | 1,188 | $ | 898 |
$ | 1,658 | $ | 1,106 |
$ | 1,736 | $ | 1,800 |
$ | 1,281 | $ | 1,426 |
$ | 1,307 | $ | 1,198 |
$ | - | $ | 1,410 |
$ | 1,307 | $ | 1,227 |
COSTS APPLICABLE TO SALES (1)(2) Three Months Ended March 31,
Gold
Gold Co-Product CAS ($/ounce)Lihir Cadia Tanami
Boddington Ahafo South Ahafo North (3) Merian
Cerro Negro Yanacocha Peñasquito Red Chris Brucejack
Nevada Gold Mines
Total Core portfolio Total Divested Non-Core assets (4) Total Newmont - Gold Co-Product CASCo-product by metal | ||
Co-Product CAS ($/unit) | ||
Cadia - copper ($/tonne) | $ 2,858 | $ 3,468 |
Boddington - copper ($/tonne) | $ 3,912 | $ 5,423 |
Red Chris - copper ($/tonne) | $ 4,474 | $ 4,991 |
Total Copper CAS ($/tonne) | $ 3,273 | $ 4,182 |
Peñasquito - silver ($/oz) | $ 15 | $ 10 |
Peñasquito - lead ($/tonne) | $ 590 | $ 997 |
Peñasquito - zinc ($/tonne) | $ 1,156 | $ 1,499 |
Gold By-Product CAS ($/ounce) (5) Cadia | $ (1,062) | $ (643) |
Boddington | $ 1,158 | $ 970 |
Peñasquito | $ (10,482) | $ (949) |
Red Chris | $ (2,094) | $ (1,200) |
Total Newmont - Gold By-Product CAS | $ 541 | $ 930 |
(1) Costs applicable to sales (CAS) per unit, included at the consolidated and site level above and on subsequent pages, are non-GAAP metrics and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. For reconciliation of non-GAAP metrics, please see Newmont's website or filings, available at https://www.newmont.com/about/document-library/ or http://www.sec.gov.
(2) CAS excludes Depreciation and amortization and Reclamation and remediation.
(3) In the fourth quarter of 2025, the Ahafo North development project achieved commercial production and became a reportable segment.
(4) Newmont completed the sale of the CC&V, Musselwhite, and Éléonore reportable segments in the first quarter of 2025, and the sale of the Akyem and Porcupine reportable segments in the second quarter of 2025.
(5) Gold by-product metrics are non-GAAP financial measures that serve as a basis for comparing the Newmont's performance with certain competitors. As Newmont's operations are primarily focused on gold production, "Gold by-product metrics" were developed to allow investors to view Sales, CAS per ounce and AISC per ounce calculations that classify all copper, silver, lead, zinc, and molybdenum production as a by-product, even when copper, silver, lead or zinc is a significant resource in the primary ore-body. These metrics are calculated by subtracting copper, silver, lead, and zinc sales recognized from Sales and including these amounts as offsets to CAS.
2026 | 2025 | ||
$ | 1,771 | $ | 1,339 |
$ | 1,638 | $ | 1,184 |
$ | 1,791 | $ | 1,659 |
$ | 1,825 | $ | 1,544 |
$ | 1,964 | $ | 1,462 |
$ | 1,408 | $ | - |
$ | 1,532 | $ | 1,864 |
$ | 1,567 | $ | 2,857 |
$ | 1,072 | $ | 1,170 |
$ | 1,495 | $ | 1,091 |
$ | 2,110 | $ | 1,322 |
$ | 2,105 | $ | 2,230 |
$ | 1,595 | $ | 1,789 |
$ | 1,709 | $ | 1,630 |
$ | - | $ | 1,787 |
$ | 1,709 | $ | 1,651 |
ALL-IN SUSTAINING COSTS (1) Three Months Ended March 31,
Gold
Gold Co-Product AISC ($/ounce)Lihir Cadia Tanami
Boddington Ahafo South Ahafo North (2) Merian
Cerro Negro Yanacocha Peñasquito Red Chris Brucejack
Nevada Gold Mines
Total Core Portfolio Total Divested Non-Core assets (3) Total Newmont - Gold Co-Product AISCCo-product by metal All-In Sustaining Costs ($/unit) | ||
Cadia - copper ($/tonne) | $ 4,466 | $ 5,316 |
Boddington - copper ($/tonne) | $ 4,712 | $ 6,760 |
Red Chris - copper ($/tonne) | $ 5,293 | $ 6,053 |
Total Copper AISC ($/tonne) | $ 4,816 | $ 6,014 |
Peñasquito - silver ($/oz) | $ 19 | $ 13 |
Peñasquito - lead ($/tonne) | $ 733 | $ 1,185 |
Peñasquito - zinc ($/tonne) | $ 1,523 | $ 2,026 |
Gold By-Product AISC ($/ounce) (4) Cadia | $ (139) | $ 133 |
Boddington | $ 1,587 | $ 1,348 |
Peñasquito | $ (9,318) | $ (254) |
Red Chris | $ (1,117) | $ (467) |
Total Newmont - Gold By-Product AISC | $ 1,029 | $ 1,447 |
(1) All-in sustaining costs (AISC) per unit, included at the consolidated and site level above and on subsequent pages, is a non-GAAP metric and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. For reconciliation of non-GAAP metrics, please see Newmont's website or filings, available at https://www.newmont.com/about/document-library/ or http://www.sec.gov.
(2) In the fourth quarter of 2025, the Ahafo North development project achieved commercial production and became a reportable segment.
(3) Newmont completed the sale of the CC&V, Musselwhite, and Éléonore reportable segments in the first quarter of 2025, and the sale of the Akyem and Porcupine reportable segments in the second quarter of 2025.
(4) Gold by-product metrics are non-GAAP financial measures that serve as a basis for comparing the Newmont's performance with certain competitors. As Newmont's operations are primarily focused on gold production, "Gold by-product metrics" were developed to allow investors to view Sales, CAS per ounce and AISC per ounce calculations that classify all copper, silver, lead, zinc, and molybdenum production as a by-product, even when copper, silver, lead or zinc is a significant resource in the primary ore-body. These metrics are calculated by subtracting copper, silver, lead, and zinc sales recognized from Sales and including these amounts as offsets to CAS.
SUSTAINING CAPITAL Three Months Ended March 31,2026 | 2025 | |
Consolidated Sustaining Capital Expenditures ($ millions) | ||
Lihir | $ 21 | $ 44 |
Cadia | 88 | 71 |
Tanami | 53 | 37 |
Boddington | 35 | 42 |
Ahafo South | 30 | 38 |
Ahafo North (1) | 11 | - |
Merian | 15 | 15 |
Cerro Negro | 18 | 27 |
Yanacocha | 1 | 2 |
Peñasquito | 32 | 25 |
Red Chris (2) | 7 | 8 |
Brucejack | 16 | 16 |
Nevada Gold Mines (3) | 61 | 71 |
Corporate and other | 5 | 2 |
Total Core portfolio | 393 | 398 |
Total Divested Non-Core assets (4) | - | 61 |
Accrual basis | $ 393 | $ 459 |
(1) In the fourth quarter of 2025, the Ahafo North development project achieved commercial production and became a reportable segment.
(2) Newmont has a 70% interest in Red Chris, which is accounted for using the proportionate consolidation method.
(3) Newmont has a 38.5% interest in Nevada Gold Mines, which is accounted for using the proportionate consolidation method.
(4) Newmont completed the sale of the CC&V, Musselwhite, and Éléonore reportable segments in the first quarter of 2025, and the sale of the Akyem and Porcupine reportable segments in the second quarter of 2025.
DEVELOPMENT CAPITAL Three Months Ended March 31,2026 | 2025 | |
Consolidated Development Capital Expenditures ($ millions) | ||
Lihir | $ 1 | $ 1 |
Cadia | 75 | 58 |
Tanami | 92 | 94 |
Boddington | - | - |
Ahafo South (1) | 3 | 4 |
Ahafo North (1) | 18 | 71 |
Merian | - | - |
Cerro Negro | 7 | 21 |
Yanacocha | - | 2 |
Peñasquito | - | - |
Red Chris (2) | 26 | 19 |
Brucejack | - | - |
Nevada Gold Mines (3) | 41 | 31 |
Corporate and other | - | - |
Total Core portfolio | 263 | 301 |
Total Divested Non-Core assets (4) | - | 22 |
Accrual basis | $ 263 | $ 323 |
(1) In the fourth quarter of 2025, the Ahafo North development project achieved commercial production and became a reportable segment. Prior to that date, Ahafo North capital was included in the Ahafo South reportable segment; however, prior year capital has been included in the Ahafo North metrics above for comparability.
(2) Newmont has a 70% interest in Red Chris, which is accounted for using the proportionate consolidation method.
(3) Newmont has a 38.5% interest in Nevada Gold Mines, which is accounted for using the proportionate consolidation method.
(4) Newmont completed the sale of the CC&V, Musselwhite, and Éléonore reportable segments in the first quarter of 2025, and the sale of the Akyem and Porcupine reportable segments in the second quarter of 2025.
CAPITAL EXPENDITURES Three Months Ended March 31, 2026 2025 Consolidated Capital Expenditures ($ millions)Lihir $ 22 $ 45
Cadia 163 129
Tanami 145 131
Boddington 35 42
Ahafo South (1) 33 42
Ahafo North (1) 29 71
Merian 15 15
Cerro Negro 25 48
Yanacocha 1 4
Peñasquito 32 25
Red Chris (2) 33 27
Brucejack 16 16
Nevada Gold Mines (3) 102 102
Corporate and other 5 2
Total Core portfolio 656 699 Total Divested Non-Core assets (4) - 83 Accrual basis 656 782Decrease (increase) in non-cash adjustments (15) 44
Cash basis $ 641 $ 826(1) In the fourth quarter of 2025, the Ahafo North development project achieved commercial production and became a reportable segment. Prior to that date, Ahafo North capital was included in the Ahafo South reportable segment; however, prior year capital has been included in the Ahafo North metrics above for comparability.
(2) Newmont has a 70% interest in Red Chris, which is accounted for using the proportionate consolidation method.
(3) Newmont has a 38.5% interest in Nevada Gold Mines, which is accounted for using the proportionate consolidation method.
(4) Newmont completed the sale of the assets of the CC&V, Musselwhite, and Éléonore reportable segments in the first quarter of 2025, and the sale of the Akyem and Porcupine reportable segments in the second quarter of 2025.
LIHIR Open pit tons mined (000 tonnes): Three Months Ended March 31, 2026 2025Open pit ore 1,501 2,646
Open pit waste | 5,724 | 6,610 |
Total open pit | 7,225 | 9,256 |
Tonnes milled/processed (000 tonnes): Mill | 2,290 | 2,589 |
Average ore grade (g/tonne): Mill | 1.950 | 2.836 |
Average mill recovery rate | 75.2 % | 73.4 % |
Gold ounces produced (thousands): Consolidated/Attributable | 113 | 164 |
Gold ounces sold (thousands): Consolidated/Attributable | 117 | 160 |
Gold production costs ($ millions): Costs applicable to sales (1) | $ 176 | $ 161 |
Depreciation and amortization | $ 45 | $ 40 |
Reclamation accretion | $ 4 | $ 3 |
Gold production costs ($/ounce): Direct mining and production costs | $ 1,868 | 1,582 |
By-product credits | (3) | (1) |
Royalties and production taxes | 118 | 71 |
Inventory change, write-downs, and other | (480) | (643) |
Gold Co-Product CAS ($/ounce) (1) | $ 1,503 | $ 1,009 |
Depreciation and amortization | $ 383 | $ 251 |
Reclamation accretion | $ 30 | $ 21 |
Gold Co-Product AISC ($/ounce) | $ 1,771 | $ 1,339 |
(1) Excludes Depreciation and amortization and Reclamation and remediation.
CADIA Three Months Ended March 31, 2026 2025Total underground ore (000 tonnes): | 5,624 | 6,327 |
Tonnes milled/processed (000 tonnes): | ||
Mill | 7,405 | 7,293 |
GOLD Average ore grade (g/tonne): | ||
Mill | 0.520 | 0.559 |
Average mill recovery rate | 78.8 % | 79.0 % |
Gold ounces produced (thousands): | ||
Consolidated/Attributable | 94 | 103 |
Gold ounces sold (thousands): | ||
Consolidated/Attributable | 96 | 98 |
Gold production costs ($ millions): | ||
Costs applicable to sales (1) | $ 101 | $ 77 |
Depreciation and amortization | $ 41 | $ 33 |
Reclamation accretion | $ 1 | $ 1 |
Gold production costs ($/ounce): | ||
Direct mining and production costs | $ 1,014 | $ 855 |
By-product credits | (239) | (137) |
Royalties and production taxes | 191 | 107 |
Inventory change, write-downs, and other | 84 | (31) |
Gold Co-Product CAS ($/ounce) (1) | $ 1,050 | $ 794 |
Depreciation and amortization | $ 426 | $ 334 |
Reclamation accretion | $ 9 | $ 7 |
Gold Co-Product AISC ($/ounce) | $ 1,638 | $ 1,184 |
COPPER | ||
Average ore grade: | ||
Mill | 0.35 % | 0.35 % |
Average mill recovery rate | 84.8 % | 83.9 % |
Copper tonnes produced (thousands): | ||
Consolidated/Attributable | 21 | 21 |
Copper tonnes sold (thousands): | ||
Consolidated/Attributable | 21 | 21 |
Co-product production costs ($ millions): | ||
Costs applicable to sales (1) | $ 61 | $ 71 |
Depreciation and amortization | $ 25 | $ 30 |
Reclamation accretion | $ 1 | $ 1 |
Copper production costs ($/tonne): | ||
Direct mining and production costs | $ 2,861 | $ 3,814 |
By-product credits | (669) | (609) |
Royalties and production taxes Inventory change, write-downs, and other | 479 187 | 360 (97) |
Copper CAS ($/tonne) (1) | $ 2,858 | $ 3,468 |
Depreciation and amortization | $ 1,178 | $ 1,500 |
Reclamation accretion | $ 24 | $ 31 |
Copper AISC ($/tonne) | $ 4,466 | $ 5,316 |
BY-PRODUCT COSTS | ||
Total CAS ($ millions) | $ 162 | $ 148 |
Less: copper sales ($ millions) | (265) | (211) |
Gold By-Product CAS ($ millions) | (103) | (63) |
Gold By-Product CAS ($/ounce) | $ (1,062) | $ (643) |
Total AISC ($ millions) | $ 254 | $ 224 |
Less: copper sales ($ millions) excluding treatment and refining charges | (267) | (211) |
Gold By-Product AISC ($ millions) | (13) | 13 |
Gold By-Product AISC ($/ounce) | $ (139) | $ 133 |
(1) Excludes Depreciation and amortization and Reclamation and remediation.
TANAMI Three Months Ended March 31,2026 | 2025 | |||
Total underground ore (000 tonnes) | 522 | 595 | ||
Tons milled/processed (000 tonnes): Mill | 479 | 524 | ||
Average ore grade (g/tonne): Mill | 5.509 | 4.639 | ||
Average mill recovery rate | 98.0 % | 98.5 % | ||
Gold ounces produced (thousands): Consolidated/Attributable | 82 | 78 | ||
Gold ounces sold (thousands): Consolidated/Attributable | 89 | 75 | ||
Gold production costs ($ millions): Costs applicable to sales (1) | $ 98 | $ 82 | ||
Depreciation and amortization | $ 31 | $ 25 | ||
Reclamation accretion | $ 1 | $ 1 | ||
Gold production costs ($/ounce): Direct mining and production costs | $ 1,037 | $ 1,228 | ||
By-product credits | (5) | (2) | ||
Royalties and production taxes | 129 | 73 | ||
Inventory change, write-downs, and other | (62) | (212) | ||
Gold Co-Product CAS ($/ounce) (1) | $ 1,099 | $ 1,087 | ||
Depreciation and amortization | $ 346 | $ 328 | ||
Reclamation accretion | $ 12 | $ 10 | ||
Gold Co-Product AISC ($/ounce) | $ 1,791 | $ 1,659 | ||
(1) Excludes Depreciation and amortization and Reclamation and remediation.
BODDINGTON Three Months Ended March 31, 2026 2025Open pit tons mined (000 tonnes): | ||
Open pit ore | 10,179 | 6,306 |
Open pit waste | 11,149 | 13,142 |
Total open pit | 21,328 | 19,448 |
Tons milled/processed (000 tonnes): | ||
Mill | 6,915 | 8,331 |
GOLD | ||
Average ore grade (g/tonne): | ||
Mill | 0.605 | 0.568 |
Average mill recovery rate | 85.0 % | 85.0 % |
Gold ounces produced (thousands): | ||
Consolidated/Attributable | 111 | 126 |
Gold ounces sold (thousands): | ||
Consolidated/Attributable | 97 | 135 |
Gold production costs ($ millions): | ||
Costs applicable to sales (1) | $ 137 | $ 167 |
Depreciation and amortization | $ 27 | $ 29 |
Reclamation accretion | $ 4 | $ 3 |
Gold production costs ($/ounce): | ||
Direct mining and production costs | $ 1,973 | $ 1,257 |
By-product credits | (70) | (31) |
Royalties and production taxes | 127 | 77 |
Inventory change, write-downs, and other | (609) | (64) |
Gold Co-Product CAS ($/ounce) (1) | $ 1,421 | $ 1,239 |
Depreciation and amortization | $ 281 | $ 214 |
Reclamation accretion | $ 39 | $ 24 |
Gold Co-Product AISC ($/ounce) | $ 1,825 | $ 1,544 |
COPPER | ||
Average ore grade: | ||
Mill | 0.07 % | 0.11 % |
Average mill recovery rate | 81.9 % | 80.5 % |
Copper tonnes produced (thousands): | ||
Consolidated/Attributable | 3 | 7 |
Copper tonnes sold (thousands): | ||
Consolidated/Attributable | 3 | 7 |
Co-product production costs ($ millions): | ||
Costs applicable to sales (1) | $ 11 | $ 38 |
Depreciation and amortization | $ 2 | $ 7 |
Reclamation accretion | $ - | $ 1 |
Copper production costs ($/tonne): | ||
Direct mining and production costs | $ 5,507 | $ 5,308 |
By-product credits | (202) | (137) |
Royalties and production taxes Inventory change, write-downs, and other | 622 (2,015) | 489 (237) |
Copper CAS ($/tonne) (1) | $ 3,912 | $ 5,423 |
Depreciation and amortization | $ 769 | $ 968 |
Reclamation accretion | $ 113 | $ 105 |
Copper AISC ($/tonne) | $ 4,712 | $ 6,760 |
BY-PRODUCT COSTS | ||
Total CAS ($ millions) | $ 148 | $ 205 |
Less: copper sales ($ millions) | (36) | (74) |
Gold By-Product CAS ($ millions) | 112 | 131 |
Gold By-Product CAS ($/ounce) | $ 1,158 | $ 970 |
Total AISC ($ millions) | $ 190 | $ 256 |
Less: copper sales ($ millions) excluding treatment and refining charges | (36) | (74) |
Gold By-Product AISC ($ millions) | 154 | 182 |
Gold By-Product AISC ($/ounce) | $ 1,587 | $ 1,348 |
(1) Excludes Depreciation and amortization and Reclamation and remediation.
AHAFO SOUTH Three Months Ended March 31,2026 | 2025 | |
Open pit tons mined (000 tonnes): Open pit ore | 1,724 | 2,482 |
Open pit waste | 5,844 | 2,260 |
Total open pit | 7,568 | 4,742 |
Total underground ore (000 tonnes): | 613 | 545 |
Tons milled/processed (000 tonnes): Mill | 2,596 | 2,440 |
Average ore grade (g/tonne): Mill | 1.588 | 2.803 |
Average mill recovery rate | 93.1 % | 93.9 % |
Gold ounces produced (thousands): Consolidated/Attributable | 128 | 205 |
Gold ounces sold (thousands): Consolidated/Attributable | 125 | 199 |
Gold production costs ($ millions): Costs applicable to sales (1) | $ 212 | 247 |
Depreciation and amortization | $ 42 | 49 |
Reclamation accretion | $ 2 | 2 |
Gold production costs ($/ounce): Direct mining and production costs | $ 1,103 | 604 |
By-product credits | (6) | (2) |
Royalties and production taxes | 631 | 555 |
Inventory change, write-downs, and other | (32) | 81 |
Gold Co-Product CAS ($/ounce) (1) | $ 1,696 | $ 1,238 |
Depreciation and amortization | $ 333 | 246 |
Reclamation accretion | $ 15 | 9 |
Gold Co-Product AISC ($/ounce) | $ 1,964 | $ 1,462 |
(1) Excludes Depreciation and amortization and Reclamation and remediation.
AHAFO NORTH (1) Three Months Ended March 31,2026 | 2025 | |
Open pit tons mined (000 tonnes): Open pit ore | 827 | - |
Open pit waste | 5,007 | - |
Total open pit | 5,834 | - |
Tons milled/processed (000 tonnes): Mill | 855 | - |
Average ore grade (g/tonne): Mill | 2.508 | - |
Average mill recovery rate | 91.2 % | - |
Gold ounces produced (thousands): Consolidated/Attributable | 62 | - |
Gold ounces sold (thousands): Consolidated/Attributable | 63 | - |
Gold production costs ($ millions): Costs applicable to sales (2) | $ 75 | $ - |
Depreciation and amortization | $ 20 | $ - |
Reclamation accretion | $ - | $ - |
Gold production costs ($/ounce): Direct mining and production costs | $ 760 | $ - |
By-product credits | (20) | - |
Royalties and production taxes | 568 | - |
Inventory change, write-downs, and other | (118) | - |
Gold Co-Product CAS ($/ounce) (2) | $ 1,190 | $ - |
Depreciation and amortization | $ 320 | $ - |
Reclamation accretion | $ 7 | $ - |
Gold Co-Product AISC ($/ounce) | $ 1,408 | $ - |
(1) The Ahafo North development project achieved commercial production and became a reportable segment during the fourth quarter of 2025. As such, operational metrics from the first quarter of 2025 are not applicable.
(2) Excludes Depreciation and amortization and Reclamation and remediation.
MERIAN Three Months Ended March 31,2026 | 2025 | |
Open pit tons mined (000 tonnes): Open pit ore | 3,143 | 2,393 |
Open pit waste | 9,488 | 9,016 |
Total open pit | 12,631 | 11,409 |
Tons milled/processed (000 tonnes): Mill | 2,994 | 3,484 |
Average ore grade (g/tonne): Mill | 0.830 | 0.600 |
Average mill recovery rate | 94.6 % | 88.7 % |
Gold ounces produced (thousands): Consolidated | 88 | 62 |
Attributable | 66 | 47 |
Gold ounces sold (thousands): Consolidated | 84 | 48 |
Attributable | 63 | 36 |
Gold production costs ($ millions): Costs applicable to sales (1) | $ 111 | $ 72 |
Depreciation and amortization | $ 20 | $ 15 |
Reclamation accretion | $ 1 | $ 1 |
Gold production costs ($/ounce): Direct mining and production costs | $ 1,025 | $ 1,791 |
By-product credits | (2) | - |
Royalties and production taxes | 302 | 173 |
Inventory change, write-downs, and other | (5) | (467) |
Gold Co-Product CAS ($/ounce) (1) | $ 1,320 | $ 1,497 |
Depreciation and amortization | $ 235 | $ 316 |
Reclamation accretion | $ 15 | $ 25 |
Gold Co-Product AISC ($/ounce) | $ 1,532 | $ 1,864 |
(1) Excludes Depreciation and amortization and Reclamation and remediation.
CERRO NEGRO (1) Three Months Ended March 31,2026 | 2025 | |||
Total underground ore (000 tonnes) | 225 | 105 | ||
Tons milled/processed (000 tonnes): Mill | 215 | 89 | ||
Average ore grade (g/tonne): Mill | 6.639 | 9.312 | ||
Average mill recovery rate | 94.8 % | 95.8 % | ||
Gold ounces produced (thousands): Consolidated/Attributable | 46 | 28 | ||
Gold ounces sold (thousands): Consolidated/Attributable | 56 | 38 | ||
Gold production costs ($ millions): Costs applicable to sales (2) | $ 66 | $ 78 | ||
Depreciation and amortization | $ 33 | $ 28 | ||
Reclamation accretion | $ 1 | $ 1 | ||
Gold production costs ($/ounce): Direct mining and production costs | $ 1,509 | $ 1,993 | ||
By-product credits | (701) | (146) | ||
Royalties and production taxes | 285 | 136 | ||
Inventory change, write-downs, and other | 88 | 80 | ||
Gold Co-Product CAS ($/ounce) (2) | $ 1,181 | $ 2,063 | ||
Depreciation and amortization | $ 612 | $ 747 | ||
Reclamation accretion | $ 27 | $ 38 | ||
Gold Co-Product AISC ($/ounce) | $ 1,567 | $ 2,857 | ||
(1) During the first quarter of 2025, mining and processing operations at the site were temporarily suspended due to safety events.
(2) Excludes Depreciation and amortization and Reclamation and remediation.
YANACOCHA Three Months Ended March 31,2026 | 2025 | |
Open pit tons mined (000 tonnes): Open pit ore | 2,497 | 7,298 |
Open pit waste | 2,199 | 3,123 |
Total open pit | 4,696 | 10,421 |
Tons milled/processed (000 tonnes): Leach | 2,497 | 7,298 |
Average ore grade (g/tonne): Leach | 0.344 | 0.729 |
Gold ounces produced (thousands): Consolidated/Attributable | 144 | 105 |
Gold ounces sold (thousands): Consolidated/Attributable | 139 | 96 |
Gold production costs ($ millions): Costs applicable to sales (1) | $ 140 | $ 93 |
Depreciation and amortization | $ 29 | $ 26 |
Reclamation accretion | $ 2 | $ 2 |
Gold production costs ($/ounce): Direct mining and production costs | $ 915 | $ 992 |
By-product credits | (64) | (11) |
Royalties and production taxes | 145 | 89 |
Inventory change, write-downs, and other | 9 | (109) |
Gold Co-Product CAS ($/ounce) (1) | $ 1,005 | $ 961 |
Depreciation and amortization | $ 206 | $ 270 |
Reclamation accretion (2) | $ 18 | $ 20 |
Gold Co-Product AISC ($/ounce) | $ 1,072 | $ 1,170 |
(1) Excludes Depreciation and amortization and Reclamation and remediation.
(2) Excludes non-producing accretion.
PEÑASQUITO Three Months Ended March 31, 2026 2025Open pit tons mined (000 tonnes): | ||
Open pit ore | 8,203 | 8,490 |
Open pit waste | 24,666 | 22,160 |
Total open pit | 32,869 | 30,650 |
Tons milled/processed (000 tonnes): | ||
Mill | 9,706 | 8,000 |
GOLD Average ore grade (g/tonne): | ||
Mill | 0.362 | 0.793 |
Average mill recovery rate | 55.5 % | 67.2 % |
Gold ounces produced (thousands): | ||
Consolidated/Attributable | 54 | 123 |
Gold ounces sold (thousands): | ||
Consolidated/Attributable | 57 | 118 |
Gold production costs ($ millions): | ||
Costs applicable to sales (1) | $ 68 | $ 106 |
Depreciation and amortization | $ 29 | $ 47 |
Reclamation accretion | $ 2 | $ 2 |
Gold production costs ($/ounce): | ||
Direct mining and production costs | $ 989 | $ 895 |
By-product credits | (64) | (14) |
Royalties and production taxes | 148 | 69 |
Inventory change, write-downs, and other | 115 | (52) |
Gold Co-Product CAS ($/ounce) (1) | $ 1,188 | $ 898 |
Depreciation and amortization | $ 514 | $ 400 |
Reclamation accretion | $ 38 | $ 18 |
Gold Co-Product AISC ($/ounce) | $ 1,495 | $ 1,091 |
CO-PRODUCTS | ||
Average ore grade milled: | ||
Silver (g/tonne) | 39.80 | 33.90 |
Lead | 0.39 % | 0.36 % |
Zinc | 0.94 % | 1.09 % |
Average mill recovery rate: | ||
Silver | 82.4 % | 80.5 % |
Lead | 75.1 % | 80.3 % |
Zinc | 81.6 % | 82.2 % |
Production: | ||
Silver (Moz) | 9 | 6 |
Lead (ktonnes) | 27 | 22 |
Zinc (ktonnes) | 62 | 59 |
Sales: | ||
Silver (Moz) | 10 | 6 |
Lead (ktonnes) | 28 | 21 |
Zinc (ktonnes) | 58 | 73 |
Co-product production costs ($ millions): | ||
Costs applicable to sales (1) | $ 229 | $ 193 |
Depreciation and amortization | $ 92 | $ 83 |
Reclamation accretion | $ 7 | $ 3 |
Silver production costs ($/ounce): | ||
Direct mining and production costs | $ 13 | $ 10 |
By-product credits | (1) | - |
Royalties and production taxes Inventory change, write-downs, and other | 2 1 | 1 (1) |
Silver CAS ($/ounce) (1) | $ 15 | $ 10 |
Depreciation and amortization | $ 6 | $ 4 |
Reclamation accretion | $ - | $ - |
Silver AISC ($/ounce) | $ 19 | $ 13 |
Lead production costs ($/tonne): | ||
Direct mining and production costs | $ 488 | $ 1,013 |
By-product credits | (32) | (16) |
Royalties and production taxes | 74 | 79 |
Inventory change, write-downs, and other | 60 | (79) |
Lead CAS ($/tonne) (1) | $ 590 | $ 997 |
Depreciation and amortization | $ 259 | $ 449 |
Reclamation accretion | $ 19 | $ 21 |
Lead AISC ($/tonne) | $ 733 | $ 1,185 |
Zinc production costs ($/tonne): | ||
Direct mining and production costs | $ 1,068 | $ 1,305 |
By-product credits | (52) | (17) |
Royalties and production taxes | 121 | 84 |
Inventory change, write-downs, and other | 19 | 127 |
Zinc CAS ($/tonne) (1) | $ 1,156 | $ 1,499 |
Depreciation and amortization | $ 377 | $ 620 |
Reclamation accretion | $ 31 | $ 22 |
Zinc AISC ($/tonne) | $ 1,523 | $ 2,026 |
BY-PRODUCT COSTS | ||
Total CAS ($ millions) | $ 297 | $ 299 |
Less: Silver, lead & zinc sales ($ millions) | (893) | (411) |
Gold By-Product CAS ($ millions) | (596) | (112) |
Gold By-Product CAS ($/ounce) | $ (10,482) | $ (949) |
Total AISC ($ millions) | $ 382 | $ 381 |
Less: Silver, lead & zinc sales ($ millions) excluding treatment and refining charges | (913) | (411) |
Gold By-Product AISC ($ millions) | (531) | (30) |
Gold By-Product AISC ($/ounce) | $ (9,318) | $ (254) |
(1) Excludes Depreciation and amortization and Reclamation and remediation.
RED CHRIS (1) Three Months Ended March 31,2026 | 2025 | |
Open pit tonnes mined (000 tonnes): Open pit ore | 1,196 | 2,584 |
Open pit waste | 2,569 | 1,788 |
Total open pit | 3,765 | 4,372 |
Tonnes milled/processed (000 tonnes): Mill | 1,365 | 1,435 |
GOLD Average ore grade (g/tonne): Mill | 0.494 | 0.543 |
Average mill recovery rate | 64.9 % | 60.5 % |
Gold ounces produced (thousands): Consolidated/Attributable | 14 | 14 |
Gold ounces sold (thousands): Consolidated/Attributable | 13 | 15 |
Gold production costs ($ millions): Costs applicable to sales (2) | $ 22 | $ 16 |
Depreciation and amortization | $ 9 | $ 5 |
Reclamation accretion | $ 1 | $ 1 |
Gold production costs ($/ounce): Direct mining and production costs | $ 2,185 | $ 1,384 |
By-product credits | (138) | (24) |
Royalties and production taxes | 107 | 43 |
Inventory change, write-downs, and other | (496) | (297) |
Gold Co-Product CAS ($/ounce) (2) | $ 1,658 | $ 1,106 |
Depreciation and amortization | $ 675 | $ 344 |
Reclamation accretion | $ 70 | $ 39 |
Gold Co-Product AISC ($/ounce) | $ 2,110 | $ 1,322 |
COPPER Average ore grade: Mill | 0.52% | 0.62% |
Average mill recovery rate | 85.4% | 82.6% |
Copper tonnes produced (thousands): Consolidated/Attributable | 6 | 7 |
Copper tonnes sold (thousands): Consolidated/Attributable | 6 | 7 |
Co-product production costs ($ millions): Costs applicable to sales (2) | $ 26 | $ 35 |
Depreciation and amortization | $ 11 | $ 11 |
Reclamation accretion | $ 1 | $ 1 |
Copper production costs ($/tonne): Direct mining and production costs | $ 5,887 | $ 6,286 |
By-product credits | (369) | (113) |
Royalties and production taxes | 286 | 203 |
Inventory change, write-downs, and other | (1,330) | (1,385) |
Copper CAS ($/tonne) (2) | $ 4,474 | $ 4,991 |
Depreciation and amortization | $ 1,812 | $ 1,601 |
Reclamation accretion | $ 188 | $ 182 |
Copper AISC ($/tonne) | $ 5,293 | $ 6,053 |
BY-PRODUCT COSTS Total CAS ($ millions) | $ 48 | $ 51 |
Less: Copper sales ($ millions) | (77) | (69) |
Gold By-Product CAS ($ millions) | (29) | (18) |
Gold By-Product CAS ($/ounce) | $ (2,094) | $ (1,200) |
Total AISC ($ millions) | $ 59 | $ 62 |
Less: Copper sales ($ millions) excluding treatment and refining charges | (75) | (69) |
Gold By-Product AISC ($ millions) | (16) | (7) |
Gold By-Product AISC ($/ounce) | $ (1,117) | $ (467) |
(1) Newmont has a 70% interest in Red Chris, which is accounted for using the proportionate consolidation method.
(2) Excludes Depreciation and amortization and Reclamation and remediation.
BRUCEJACK Three Months Ended March 31,2026 | 2025 | |||
Total underground ore (000 tonnes) | 299 | 282 | ||
Tonnes milled/processed (000 tonnes): Mill | 282 | 277 | ||
Average ore grade (g/tonne): Mill | 5.791 | 4.932 | ||
Average mill recovery rate | 96.6 % | 96.1 % | ||
Gold ounces produced (thousands): Consolidated/Attributable | 59 | 41 | ||
Gold ounces sold (thousands): Consolidated/Attributable | 57 | 46 | ||
Gold production costs ($ millions): Costs applicable to sales (1) | $ 98 | $ 83 | ||
Depreciation and amortization | $ 41 | $ 46 | ||
Reclamation accretion | $ 1 | $ 1 | ||
Gold production costs ($/ounce): Direct mining and production costs | $ 1,638 | $ 1,823 | ||
By-product credits | (159) | (110) | ||
Royalties and production taxes | 70 | 40 | ||
Inventory change, write-downs, and other | 187 | 47 | ||
Gold Co-Product CAS ($/ounce) (1) | $ 1,736 | $ 1,800 | ||
Depreciation and amortization | $ 718 | $ 1,001 | ||
Reclamation accretion | $ 24 | $ 28 | ||
Gold Co-Product AISC ($/ounce) | $ 2,105 | $ 2,230 | ||
(1) Excludes Depreciation and amortization and Reclamation and remediation.
NEWMONT FIRST QUARTER 2026 | OPERATING STATISTICS