Newmont : First Quarter 2026 Regional Operating Statistics
NEM
Published on 04/23/2026 at 05:29 pm EDT
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
Lihir Cadia Tanami
Boddington Ahafo South Ahafo North (3) Merian
Cerro Negro Yanacocha Peñasquito Red Chris Brucejack
Nevada Gold Mines
Co-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
Lihir Cadia Tanami
Boddington Ahafo South Ahafo North (2) Merian
Cerro Negro Yanacocha Peñasquito Red Chris Brucejack
Nevada Gold Mines
Co-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.
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.
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.
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
Decrease (increase) in non-cash adjustments (15) 44
(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.
Open 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.
Total 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.
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.
Open 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.
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.
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.
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.
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.
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.
Open 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.
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.
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
Disclaimer
Newmont Corporation published this content on April 23, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 23, 2026 at 21:21 UTC.