NEWMONT Corp DE
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
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Measured, Indicated, and Inferred Resources
All of our resources are located on land (i) we own or control, or (ii) that is owned or controlled by business entities established with our joint venture partners, in which the Company owns its pro-rata share of the capital stock, membership units, or interests. The risks that could affect title to our property are included above in Item 1A, Risk Factors.
The measured, indicated, and inferred resource figures presented herein are estimates based on information available at the time of calculation and are exclusive of reserves. A “mineral resource” is a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form, grade, or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. The reference point for mineral resources is in situ. Mineral resources are sub-divided, in order of increasing geological confidence, into inferred, indicated and measured categories. Ounces of gold and silver or pounds of copper, zinc, lead, molybdenum, and tungsten included in the measured, indicated and inferred resources are those contained prior to losses during metallurgical treatment. The terms "measured resource," "indicated resource," and "inferred resource" mean that part of a mineral resource for which quantity and grade or quality are estimated on the basis of geological evidence and sampling that is considered to be comprehensive, adequate, or limited, respectively.
Market fluctuations in the price of gold, silver, copper, zinc, lead, molybdenum and tungsten, as well as increased production costs or reduced metallurgical recovery rates, could change future estimates of resources. Metal price assumptions are based on approximately a fifteen to twenty-five percent premium over reserve prices.
Our exploration efforts are directed to the discovery of new resources and converting it into proven and probable reserves. We conduct brownfield exploration around our existing mines and greenfield exploration in other locations globally. Brownfield exploration can result in the discovery of additional deposits, which may receive the economic benefit of existing operating, processing and administrative infrastructures. In contrast, the discovery of mineralization through greenfield exploration efforts will require capital investment to build a stand-alone operation. Our Exploration expense was $265, $231 and $209 in 2023, 2022 and 2021, respectively.
We had attributable measured and indicated gold resources of 104.8 million ounces and attributable inferred gold resources of 69.1 million ounces at December 31, 2023. For 2023 and 2022, attributable measured, indicated, and inferred gold resources were estimated at a gold price assumption of $1,600, with the exception of gold resources for Telfer, which were estimated at a gold price assumption of $1,800 due to the short-term remaining mine life.
The resource figures presented herein do not include that part of our resources that have been converted to Proven and Probable Reserves as shown above, as they are reported exclusive of reserves, and have been estimated based on information available at the time of calculation.
The Company has internal controls for reviewing and documenting the information supporting the mineral reserve and mineral resource estimates, describing the methods used, and ensuring the validity of the estimates. Refer to Proven and Probable Reserves above for further information on these internal controls.
We publish measured, indicated, and inferred resources annually, and will recalculate them at December 31, 2024, taking into account metal prices, changes, if any, in future production and capital costs, divestments and conversion to reserves, as well as any acquisitions and additions during 2024.
The following tables detail measured, indicated, and inferred resources reflecting only those that are attributable to Newmont’s ownership or economic interest at December 31, 2023 and 2022.
| Gold Resources at December 31, 2023 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resources · Indicated Resources · Measured and Indicated Resources · Inferred Resources | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(g/tonne) | Ounces (3)(000) | Tonnage(000 tonnes) | Grade(g/tonne) | Ounces (3)(000) | Tonnage(000 tonnes) | Grade(g/tonne) | Ounces (3)(000) | Tonnage(000 tonnes) | Grade(g/tonne) | Ounces (3)(000) | MetallurgicalRecovery (3) |
| CC&V, United States | 100% | 77,400 | 0.43 | 1,100 | 43,700 | 0.36 | 500 | 121,100 | 0.40 | 1,600 | 22,400 | 0.4 | 300 | 56% |
| Musselwhite, Canada | 100% | 900 | 4.36 | 100 | 1,300 | 4.17 | 200 | 2,200 | 4.25 | 300 | 1,200 | 5.0 | 200 | 96% |
| Porcupine Underground | 100% | 200 | 4.55 | — | 1,100 | 6.89 | 200 | 1,300 | 6.49 | 300 | 2,400 | 8.0 | 600 | 94% |
| Porcupine Open Pit | 100% | 100 | 0.60 | — | 66,300 | 1.65 | 3,500 | 66,300 | 1.65 | 3,500 | 59,800 | 1.5 | 2,800 | 92% |
| Total Porcupine, Canada | 300 | 3.67 | — | 67,400 | 1.73 | 3,800 | 67,700 | 1.74 | 3,800 | 62,200 | 1.7 | 3,400 | 92% | |
| Éléonore, Canada | 100% | 700 | 4.59 | 100 | 2,100 | 4.70 | 300 | 2,800 | 4.68 | 400 | 1,800 | 5.7 | 300 | 92% |
| Red Chris, Canada (11) | 70% | — | — | — | 334,700 | 0.34 | 3,600 | 334,700 | 0.34 | 3,600 | 62,100 | 0.3 | 700 | 55% |
| Brucejack, Canada (11) | 100% | — | — | — | 1,800 | 7.64 | 500 | 1,800 | 7.64 | 500 | 12,100 | 10.3 | 4,000 | 96% |
| Coffee, Canada | 100% | 900 | 2.14 | 100 | 49,300 | 1.27 | 2,000 | 50,200 | 1.28 | 2,100 | 6,700 | 1.0 | 200 | 81% |
| Galore Creek, Canada (4) | 50% | 212,800 | 0.29 | 2,000 | 385,600 | 0.22 | 2,700 | 598,400 | 0.25 | 4,700 | 118,900 | 0.2 | 700 | 75% |
| Peñasquito, Mexico (9) | 100% | 37,400 | 0.26 | 300 | 157,300 | 0.22 | 1,100 | 194,700 | 0.23 | 1,400 | 22,800 | 0.2 | 100 | 57% |
| Noche Buena, Mexico | 50% | — | — | — | 19,900 | 0.37 | 200 | 19,900 | 0.37 | 200 | 1,600 | 0.2 | — | 50% |
| Merian, Suriname | 75% | 6,000 | 1.01 | 200 | 38,000 | 1.10 | 1,300 | 44,000 | 1.09 | 1,500 | 30,800 | 1.0 | 1,000 | 88% |
| Cerro Negro, Argentina | 100% | 1,300 | 3.71 | 200 | 2,100 | 6.17 | 400 | 3,400 | 5.22 | 600 | 6,200 | 4.7 | 900 | 94% |
| Conga, Peru | 100% | — | — | — | 693,800 | 0.65 | 14,600 | 693,800 | 0.65 | 14,600 | 230,500 | 0.4 | 2,900 | 75% |
| Yanacocha Open Pit | 100% | 16,800 | 0.41 | 200 | 111,300 | 0.43 | 1,500 | 128,000 | 0.42 | 1,700 | 186,500 | 0.8 | 4,800 | 67% |
| Yanacocha Underground | 100% | 500 | 4.07 | 100 | 6,200 | 4.70 | 900 | 6,700 | 4.65 | 1,000 | 3,400 | 5.0 | 500 | 97% |
| Total Yanacocha, Peru | 17,300 | 0.52 | 300 | 117,500 | 0.65 | 2,500 | 134,800 | 0.64 | 2,800 | 189,900 | 0.9 | 5,400 | 73% | |
| Pueblo Viejo, Dominican Republic (5) | 40% | 7,300 | 1.47 | 300 | 37,300 | 1.49 | 1,800 | 44,600 | 1.49 | 2,100 | 3,200 | 1.6 | 200 | 82% |
| NuevaUnión, Chile (6) | 50% | 4,800 | 0.47 | 100 | 118,300 | 0.59 | 2,300 | 123,100 | 0.59 | 2,300 | 239,800 | 0.4 | 3,100 | 68% |
| Norte Abierto, Chile (7) | 50% | 77,200 | 0.61 | 1,500 | 596,900 | 0.49 | 9,300 | 674,200 | 0.50 | 10,800 | 369,600 | 0.4 | 4,400 | 76% |
| Boddington, Australia | 100% | 98,200 | 0.55 | 1,700 | 169,700 | 0.54 | 2,900 | 267,900 | 0.54 | 4,700 | 2,400 | 0.5 | — | 83% |
| Tanami Open Pit | 100% | 9,400 | 1.67 | 500 | 23,800 | 1.47 | 1,100 | 33,200 | 1.53 | 1,600 | 4,200 | 1.1 | 200 | 90% |
| Tanami Underground | 100% | 2,500 | 3.82 | 300 | 5,600 | 4.43 | 800 | 8,000 | 4.24 | 1,100 | 15,900 | 4.5 | 2,300 | 96% |
| Total Tanami, Australia | 11,900 | 2.12 | 800 | 29,400 | 2.03 | 1,900 | 41,200 | 2.06 | 2,700 | 20,100 | 3.8 | 2,400 | 94% | |
| Cadia Underground | 100% | — | — | — | 1,596,600 | 0.32 | 16,200 | 1,596,600 | 0.32 | 16,200 | 497,000 | 0.2 | 3,800 | 80% |
| Cadia Stockpiles and Open Pit | 100% | 30,900 | 0.30 | 300 | — | — | — | 30,900 | 0.30 | 300 | 11,000 | 0.7 | 200 | 65% |
| Total Cadia, Australia (9)(11) | 30,900 | 0.30 | 300 | 1,596,600 | 0.32 | 16,200 | 1,627,500 | 0.32 | 16,500 | 508,000 | 0.2 | 4,100 | 80% | |
| Telfer Open Pit | 100% | — | — | — | 25,900 | 0.56 | 500 | 25,900 | 0.56 | 500 | — | — | — | 78% |
| Telfer Underground | 100% | — | — | — | 1,700 | 2.31 | 100 | 1,700 | 2.31 | 100 | — | — | — | 90% |
| Total Telfer, Australia (11) | — | — | — | 27,600 | 0.67 | 600 | 27,600 | 0.67 | 600 | — | — | — | 81% | |
| Havieron, Australia (11) | 70% | — | — | — | 33,200 | 2.65 | 2,800 | 33,200 | 2.65 | 2,800 | 11,400 | 1.7 | 600 | 87% |
| Namosi, Fiji (11) | 73.24% | — | — | — | 105,500 | 0.22 | 700 | 105,500 | 0.22 | 700 | 1,346,900 | 0.1 | 4,300 | 72% |
| Lihir Open Pit | 100% | — | — | — | 25,000 | 2.03 | 1,600 | 25,000 | 2.03 | 1,600 | 227,400 | 2.4 | 17,500 | 80% |
| Lihir Stockpiles | 100% | — | — | — | 22,200 | 1.47 | 1,000 | 22,200 | 1.47 | 1,000 | — | — | — | 78% |
| Total Lihir, Papua New Guinea (9)(11) | — | — | — | 47,100 | 1.77 | 2,700 | 47,100 | 1.77 | 2,700 | 227,400 | 2.4 | 17,500 | 79% | |
| Gold Resources at December 31, 2023 (1)(2) (continued) | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resources · Indicated Resources · Measured and Indicated Resources · Inferred Resources | |||||||||||||||||||||||||||
| Deposits/Districts · NewmontShare · Tonnage(000 tonnes) · Grade(g/tonne) · Ounces (3)(000) · Tonnage(000 tonnes) · Grade(g/tonne) · Ounces (3)(000) · Tonnage(000 tonnes) · Grade(g/tonne) · Ounces (3)(000) · Tonnage(000 tonnes) · Grade(g/tonne) · Ounces (3)(000) · MetallurgicalRecovery (3) | |||||||||||||||||||||||||||
| Wafi-Golpu Open Pit | 50% | — | — | — | 53,600 | 1.66 | 2,900 | 53,600 | 1.66 | 2,900 | 15,500 | 1.3 | 600 | 65% | |||||||||||||
| Wafi-Golpu Underground | 50% | — | — | — | 140,800 | 0.45 | 2,000 | 140,800 | 0.45 | 2,000 | 91,900 | 0.6 | 1,900 | 68% | |||||||||||||
| Total Wafi-Golpu, Papua New Guinea (11) | — | — | — | 194,500 | 0.78 | 4,900 | 194,500 | 0.78 | 4,900 | 107,300 | 0.7 | 2,600 | 67% | ||||||||||||||
| Ahafo South Open Pit | 100% | 3,200 | 1.21 | 100 | 5,600 | 0.92 | 200 | 8,800 | 1.03 | 300 | 6,100 | 1.4 | 300 | 88% | |||||||||||||
| Ahafo South Underground | 100% | — | 1.59 | — | 27,200 | 3.71 | 3,200 | 27,200 | 3.71 | 3,200 | 13,800 | 3.0 | 1,300 | 91% | |||||||||||||
| Total Ahafo South, Ghana | 3,200 | 1.21 | 100 | 32,800 | 3.24 | 3,400 | 36,000 | 3.05 | 3,500 | 19,900 | 2.5 | 1,600 | 91% | ||||||||||||||
| Ahafo North, Ghana | 100% | 5,000 | 1.46 | 200 | 12,700 | 1.88 | 800 | 17,700 | 1.76 | 1,000 | 6,600 | 1.6 | 300 | 91% | |||||||||||||
| Akyem, Ghana | 100% | 900 | 0.72 | — | 9,800 | 3.83 | 1,200 | 10,600 | 3.57 | 1,200 | 5,600 | 2.9 | 500 | 92% | |||||||||||||
| NGM Open Pit and Stockpiles | 38.5% | 4,000 | 0.99 | 100 | 175,200 | 0.99 | 5,500 | 179,200 | 0.99 | 5,700 | 101,000 | 0.8 | 2,500 | 75% | |||||||||||||
| NGM Underground | 38.5% | 1,400 | 7.51 | 300 | 20,900 | 5.95 | 4,000 | 22,200 | 6.04 | 4,300 | 23,100 | 6.5 | 4,800 | 84% | |||||||||||||
| Total NGM, United States (8) | 5,300 | 2.66 | 500 | 196,000 | 1.52 | 9,600 | 201,400 | 1.55 | 10,000 | 124,100 | 1.8 | 7,300 | 80% | ||||||||||||||
| Total Gold | 599,700 | 0.52 | 9,900 | 5,121,900 | 0.58 | 94,900 | 5,721,600 | 0.57 | 104,800 | 3,761,500 | 0.6 | 69,100 | 78% | ||||||||||||||
| Gold Resources at December 31, 2022 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resources · Indicated Resources · Measured and Indicated Resources · Inferred Resources | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(g/tonne) | Ounces (3)(000) | Tonnage(000 tonnes) | Grade(g/tonne) | Ounces (3)(000) | Tonnage(000 tonnes) | Grade(g/tonne) | Ounces (3)(000) | Tonnage(000 tonnes) | Grade(g/tonne) | Ounces (3)(000) | MetallurgicalRecovery (3) |
| CC&V, United States | 100% | 79,700 | 0.38 | 980 | 42,300 | 0.32 | 440 | 122,000 | 0.36 | 1,420 | 32,200 | 0.3 | 350 | 59% |
| Musselwhite, Canada | 100% | 1,300 | 3.92 | 170 | 2,600 | 3.93 | 330 | 3,900 | 3.93 | 490 | 3,000 | 4.2 | 410 | 95% |
| Porcupine Underground | 100% | 300 | 6.69 | 70 | 1,000 | 8.64 | 270 | 1,300 | 8.15 | 340 | 1,800 | 8.1 | 480 | 92% |
| Porcupine Open Pit | 100% | 200 | 0.51 | — | 73,000 | 1.53 | 3,600 | 73,200 | 1.53 | 3,600 | 66,000 | 1.4 | 2,890 | 91% |
| Total Porcupine, Canada | 500 | 4.36 | 70 | 73,900 | 1.63 | 3,860 | 74,500 | 1.64 | 3,940 | 67,900 | 1.5 | 3,370 | 91% | |
| Éléonore, Canada | 100% | 400 | 5.05 | 70 | 2,100 | 5.10 | 350 | 2,500 | 5.09 | 420 | 2,600 | 5.4 | 460 | 92% |
| Coffee, Canada | 100% | — | — | — | 53,900 | 1.23 | 2,140 | 53,900 | 1.23 | 2,140 | 7,200 | 1.0 | 230 | 80% |
| Galore Creek, Canada (4) | 50% | 212,800 | 0.29 | 2,010 | 385,600 | 0.22 | 2,710 | 598,400 | 0.25 | 4,720 | 118,900 | 0.2 | 720 | 75% |
| Peñasquito, Mexico | 100% | 47,400 | 0.25 | 390 | 263,500 | 0.26 | 2,190 | 311,000 | 0.26 | 2,570 | 84,700 | 0.4 | 1,110 | 69% |
| Noche Buena, Mexico | 50% | — | — | — | 19,900 | 0.37 | 240 | 19,900 | 0.37 | 240 | 1,600 | 0.2 | 10 | 50% |
| Merian, Suriname | 75% | 5,600 | 0.99 | 180 | 35,300 | 1.26 | 1,430 | 40,900 | 1.22 | 1,610 | 37,000 | 0.9 | 1,020 | 89% |
| Cerro Negro Underground | 100% | 200 | 6.11 | 30 | 1,500 | 7.33 | 360 | 1,700 | 7.22 | 390 | 5,700 | 6.2 | 1,140 | 95% |
| Cerro Negro Open Pit | 100% | 1,200 | 3.28 | 130 | 1,200 | 3.15 | 120 | 2,400 | 3.22 | 250 | 300 | 2.5 | 20 | 90% |
| Total Cerro Negro, Argentina | 100% | 1,400 | 3.60 | 160 | 2,700 | 5.49 | 480 | 4,100 | 4.86 | 630 | 6,000 | 6.0 | 1,160 | 94% |
| Conga, Peru (10) | 100% | — | — | — | 693,800 | 0.65 | 14,590 | 693,800 | 0.65 | 14,590 | 230,500 | 0.4 | 2,880 | 75% |
| Yanacocha Open Pit | 100% | 13,500 | 0.38 | 170 | 114,900 | 0.42 | 1,570 | 128,400 | 0.42 | 1,730 | 189,700 | 0.8 | 4,830 | 66% |
| Yanacocha Underground | 100% | 500 | 4.07 | 70 | 6,200 | 4.70 | 940 | 6,700 | 4.65 | 1,010 | 3,400 | 5.0 | 550 | 97% |
| Total Yanacocha, Peru (10) | 14,100 | 0.52 | 240 | 121,100 | 0.64 | 2,510 | 135,100 | 0.63 | 2,740 | 193,100 | 0.9 | 5,380 | 72% | |
| Pueblo Viejo, Dominican Republic (5)(9) | 40% | 7,300 | 1.43 | 340 | 33,200 | 1.51 | 1,610 | 40,600 | 1.49 | 1,950 | 3,000 | 1.8 | 170 | 88% |
| NuevaUnión, Chile (6) | 50% | 4,800 | 0.47 | 70 | 118,300 | 0.59 | 2,260 | 123,100 | 0.59 | 2,330 | 239,800 | 0.4 | 3,050 | 68% |
| Norte Abierto, Chile (7) | 50% | 77,200 | 0.61 | 1,510 | 596,900 | 0.49 | 9,320 | 674,200 | 0.50 | 10,820 | 369,600 | 0.4 | 4,360 | 76% |
| Boddington, Australia | 100% | 92,800 | 0.55 | 1,630 | 167,400 | 0.54 | 2,900 | 260,200 | 0.54 | 4,530 | 2,800 | 0.5 | 50 | 83% |
| Tanami Open Pit | 100% | 9,400 | 1.67 | 500 | 23,800 | 1.47 | 1,120 | 33,200 | 1.53 | 1,630 | 4,200 | 1.1 | 150 | 90% |
| Tanami Underground | 100% | 1,700 | 3.26 | 180 | 5,400 | 4.29 | 750 | 7,100 | 4.04 | 920 | 8,800 | 5.2 | 1,460 | 97% |
| Total Tanami, Australia | 100% | 11,000 | 1.91 | 680 | 29,200 | 1.99 | 1,870 | 40,200 | 1.97 | 2,550 | 13,000 | 3.9 | 1,620 | 94% |
| Ahafo South Open Pit | 100% | 200 | 0.56 | — | 20,000 | 1.09 | 700 | 20,200 | 1.09 | 710 | 10,200 | 1.3 | 420 | 86% |
| Ahafo South Underground | 100% | — | — | — | 24,700 | 3.53 | 2,810 | 24,700 | 3.53 | 2,810 | 11,000 | 3.4 | 1,220 | 92% |
| Total Ahafo South, Ghana | 200 | 0.56 | — | 44,700 | 2.44 | 3,510 | 44,900 | 2.43 | 3,510 | 21,200 | 2.4 | 1,640 | 91% | |
| Ahafo North, Ghana | 100% | 2,900 | 1.28 | 120 | 12,700 | 1.94 | 790 | 15,700 | 1.81 | 910 | 10,000 | 1.5 | 490 | 92% |
| Akyem, Ghana | 100% | 1,000 | 0.70 | 20 | 9,000 | 3.68 | 1,060 | 10,000 | 3.38 | 1,090 | 7,100 | 2.7 | 620 | 92% |
| NGM Open Pit and Stockpiles | 38.5% | 23,200 | 1.89 | 1,410 | 175,200 | 0.99 | 5,600 | 198,400 | 1.10 | 7,000 | 129,900 | 0.7 | 2,880 | 73% |
| NGM Underground | 38.5% | 9,800 | 6.48 | 2,040 | 16,600 | 5.84 | 3,110 | 26,400 | 6.08 | 5,150 | 19,500 | 6.6 | 4,150 | 86% |
| Total NGM, United States (8) | 33,000 | 3.25 | 3,450 | 191,700 | 1.41 | 8,700 | 224,800 | 1.68 | 12,160 | 149,300 | 1.5 | 7,040 | 79% | |
| Total Gold | 593,600 | 0.63 | 12,080 | 2,900,000 | 0.68 | 63,250 | 3,493,600 | 0.67 | 75,330 | 1,600,700 | 0.7 | 36,130 | 79% | |
(2)Resources, at sites in which Newmont is the operator, are estimated at a gold price of $1,600 per ounce for 2023 and 2022, unless otherwise noted. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000.
(3)Ounces are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated amount of metal to be recovered through metallurgical extraction processes. Ounces may not recalculate as they are rounded to the nearest 100,000 in 2023 and nearest 10,000 in 2022.
(4)Project is currently undeveloped. Resource estimates provided by Teck Resources, the Galore Creek joint venture partner.
(5)Resource estimates provided by Barrick, the operator of Pueblo Viejo.
(6)Project is currently undeveloped. Resource estimates provided by the NuevaUnión joint venture.
(7)Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture.
(8)Resource estimates provided by Barrick, the operator of the NGM joint venture.
(9)Amounts presented herein have been rounded to the nearest 100,000 in 2023 and nearest 10,000 in 2022 for ounces and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.
(10)In 2022, the Company increased its ownership interest in Yanacocha to 100% by acquiring Buenaventura’s 43.65% noncontrolling interest and Sumitomo's 5% noncontrolling interest. Refer to Note 1 to the Consolidated Financial Statements for further information.
(11)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. Gold resources at sites acquired through the Newcrest transaction were estimated at a gold price of $1,400 per ounce, with the exception of Havieron and Lihir, for which gold resources were estimated using Newmont's price assumptions, and certain legacy estimates, which have applied older, more conservative price assumptions.
| Copper Resources at December 31, 2023 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resources · Indicated Resources · Measured and Indicated Resources · Inferred Resources | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(Cu%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Cu%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Cu%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Cu%) | Pounds (3)(millions) | MetallurgicalRecovery (3) |
| Red Chris, Canada (10) | 70% | — | —% | — | 334,700 | 0.34% | 2,500 | 334,700 | 0.34% | 2,500 | 62,100 | 0.4% | 500 | 81% |
| Galore Creek, Canada (4) | 50% | 212,800 | 0.44% | 2,100 | 385,600 | 0.47% | 4,000 | 598,400 | 0.46% | 6,100 | 118,900 | 0.3% | 700 | 93% |
| Conga, Peru | 100% | — | —% | — | 693,800 | 0.26% | 4,000 | 693,800 | 0.26% | 4,000 | 230,500 | 0.2% | 900 | 84% |
| Yanacocha, Peru | 100% | 1,500 | 1.02% | — | 99,800 | 0.36% | 800 | 101,300 | 0.37% | 800 | 39,700 | 0.4% | 300 | 81% |
| NuevaUnión, Chile (5) | 50% | 164,300 | 0.19% | 700 | 349,900 | 0.34% | 2,700 | 514,100 | 0.30% | 3,400 | 602,200 | 0.4% | 5,200 | 89% |
| Norte Abierto, Chile (6) | 50% | 57,600 | 0.24% | 300 | 551,300 | 0.19% | 2,300 | 608,900 | 0.20% | 2,600 | 361,800 | 0.2% | 1,400 | 90% |
| Boddington, Australia | 100% | 98,200 | 0.11% | 200 | 169,700 | 0.11% | 400 | 267,900 | 0.11% | 700 | 2,400 | 0.1% | — | 82% |
| Cadia Underground | 100% | — | —% | — | 1,596,600 | 0.23% | 8,200 | 1,596,600 | 0.23% | 8,200 | 497,000 | 0.2% | 1,900 | 85% |
| Cadia Open Pit | 100% | 30,900 | 0.13% | 100 | — | —% | — | 30,900 | 0.13% | 100 | 11,000 | 0.5% | 100 | 80% |
| Total Cadia, Australia (8)(10) | 30,900 | 0.13% | 100 | 1,596,600 | 0.23% | 8,200 | 1,627,500 | 0.23% | 8,300 | 508,000 | 0.2% | 2,000 | 85% | |
| Telfer Open Pit | 100% | — | —% | — | 20,300 | 0.06% | — | 20,300 | 0.06% | — | — | —% | — | 49% |
| Telfer Stockpiles | 100% | — | —% | — | 5,600 | 0.07% | — | 5,600 | 0.07% | — | — | —% | — | 46% |
| Telfer Underground | 100% | — | —% | — | 1,700 | 0.56% | — | 1,700 | 0.56% | — | — | —% | — | 94% |
| Total Telfer, Australia (10) | — | —% | — | 27,600 | 0.09% | 100 | 27,600 | 0.09% | 100 | — | —% | — | 65% | |
| Havieron, Australia (10) | 70% | — | —% | — | 33,200 | 0.34% | 300 | 33,200 | 0.34% | 300 | 11,400 | 0.2% | — | 86% |
| Telfer Projects, Australia (10) | 100% | — | —% | — | 51,700 | 0.29% | 300 | 51,700 | 0.29% | 300 | 1,900 | 0.3% | — | 78% |
| Namosi Open Pit | 73.24% | — | —% | — | 105,500 | 0.61% | 1,400 | 105,500 | 0.61% | 1,400 | 1,346,900 | 0.3% | 9,500 | 84% |
| Namosi Underground | 73.24% | — | —% | — | — | —% | — | — | —% | — | 209,900 | 0.4% | 2,000 | 92% |
| Total Namosi, Fiji (10) | — | —% | — | 105,500 | 0.61% | 1,400 | 105,500 | 0.61% | 1,400 | 1,556,800 | 0.3% | 11,500 | 85% | |
| Wafi-Golpu, Papua New Guinea (10) | 50% | — | —% | — | 140,800 | 0.73% | 2,300 | 140,800 | 0.73% | 2,300 | 91,900 | 0.7% | 1,400 | 95% |
| NGM, United States (7) | 38.5% | — | —% | — | 136,000 | 0.15% | 500 | 136,000 | 0.15% | 500 | 19,300 | 0.2% | 100 | 65% |
| Total Copper | 565,300 | 0.28% | 3,400 | 4,676,100 | 0.29% | 29,700 | 5,241,400 | 0.29% | 33,100 | 3,606,800 | 0.3% | 24,000 | 88% | |
| Copper Resources at December 31, 2022 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resources · Indicated Resources · Measured and Indicated Resources · Inferred Resources | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(Cu%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Cu%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Cu%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Cu%) | Pounds (3)(millions) | MetallurgicalRecovery (3) |
| Galore Creek, Canada (4) | 50% | 212,800 | 0.44% | 2,060 | 385,600 | 0.47% | 4,020 | 598,400 | 0.46% | 6,080 | 118,900 | 0.3% | 690 | 93% |
| Conga, Peru (9) | 100% | — | —% | — | 693,800 | 0.26% | 3,970 | 693,800 | 0.26% | 3,970 | 230,500 | 0.2% | 950 | 84% |
| Yanacocha, Peru (9) | 100% | 500 | 0.18% | — | 100,800 | 0.37% | 830 | 101,300 | 0.37% | 830 | 39,700 | 0.4% | 320 | 81% |
| NuevaUnión, Chile (5) | 50% | 164,300 | 0.19% | 700 | 349,900 | 0.34% | 2,650 | 514,100 | 0.30% | 3,360 | 602,200 | 0.4% | 5,170 | 89% |
| Norte Abierto, Chile (6) | 50% | 57,600 | 0.24% | 310 | 551,300 | 0.19% | 2,340 | 608,900 | 0.20% | 2,640 | 361,800 | 0.2% | 1,450 | 90% |
| Boddington, Australia | 100% | 92,800 | 0.11% | 230 | 167,400 | 0.11% | 420 | 260,200 | 0.11% | 650 | 2,800 | 0.1% | 10 | 82% |
| NGM, United States (7) | 38.5% | 2,600 | 0.14% | 10 | 116,900 | 0.14% | 350 | 119,500 | 0.14% | 360 | 19,900 | 0.1% | 60 | 65% |
| Total Copper | 530,600 | 0.28% | 3,310 | 2,365,500 | 0.28% | 14,580 | 2,896,100 | 0.28% | 17,890 | 1,375,800 | 0.3% | 8,640 | 88% | |
(2)Resources, at sites in which Newmont is the operator, are estimated at a copper price of $4.00 per pound for 2023 and 2022, unless otherwise noted. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000.
(3)Pounds are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated amount of metal to be recovered through metallurgical extraction processes. Pounds may not recalculate as they are rounded to the nearest 100 million in 2023 and nearest 10 million in 2022.
(4)Project is currently undeveloped. Resource estimates provided by Teck Resources.
(5)Project is currently undeveloped. Resource estimates provided by the NuevaUnión joint venture.
(6)Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture.
(7)Resource estimates provided by Barrick, the operator of the NGM joint venture.
(8)Amounts presented herein have been rounded to the nearest 100 million for pounds and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.
(9)In 2022, the Company increased its ownership interest in Yanacocha to 100% by acquiring Buenaventura’s 43.65% noncontrolling interest and Sumitomo's 5% noncontrolling interest. Refer to Note 1 to the Consolidated Financial Statements for further information.
(10)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. Copper resources at sites acquired through the Newcrest transaction were estimated at a copper price of $3.40 per pound, with the exception of Havieron, for which copper resources were estimated using Newmont's price assumptions, and certain legacy estimates, which have applied older, more conservative price assumptions.
| Silver Resources at December 31, 2023 (1)(2) | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resources · Indicated Resources · Measured and Indicated Resources · Inferred Resources | ||||||||||||||||||||||||||
| Deposits/Districts · NewmontShare · Tonnage(000 tonnes) · Grade(g/tonne) · Ounces (3)(000) · Tonnage(000 tonnes) · Grade(g/tonne) · Ounces (3)(000) · Tonnage(000 tonnes) · Grade(g/tonne) · Ounces (3)(000) · Tonnage(000 tonnes) · Grade(g/tonne) · Ounces (3)(000) · MetallurgicalRecovery (3) | ||||||||||||||||||||||||||
| Brucejack, Canada (11) | 100% | — | — | — | 1,800 | 8.09 | 500 | 1,800 | 8.09 | 500 | 12,100 | 10.0 | 3,900 | 85% | ||||||||||||
| Galore Creek, Canada (4) | 50% | 212,800 | 4.08 | 27,900 | 385,600 | 4.77 | 59,100 | 598,400 | 4.52 | 87,000 | 118,900 | 2.6 | 9,900 | 73% | ||||||||||||
| Peñasquito, Mexico | 100% | 37,400 | 24.48 | 29,400 | 157,300 | 25.12 | 127,100 | 194,700 | 25.00 | 156,500 | 22,800 | 25.4 | 18,700 | 79% | ||||||||||||
| Noche Buena, Mexico | 50% | — | — | — | 19,900 | 13.99 | 9,000 | 19,900 | 13.99 | 9,000 | 1,600 | 11.0 | 500 | 25% | ||||||||||||
| Cerro Negro Underground | 100% | 100 | 61.50 | 200 | 900 | 60.12 | 1,800 | 1,000 | 60.28 | 2,000 | 5,900 | 27.5 | 5,200 | 75% | ||||||||||||
| Cerro Negro Open Pit | 100% | 1,200 | 6.77 | 300 | 1,200 | 6.63 | 300 | 2,400 | 6.70 | 500 | 300 | 6.7 | 100 | 71% | ||||||||||||
| Total Cerro Negro, Argentina | 1,300 | 11.71 | 500 | 2,100 | 30.02 | 2,000 | 3,400 | 22.95 | 2,500 | 6,200 | 26.4 | 5,300 | 75% | |||||||||||||
| Conga, Peru | 100% | — | — | — | 693,800 | 2.06 | 45,900 | 693,800 | 2.06 | 45,900 | 175,000 | 1.1 | 6,300 | 70% | ||||||||||||
| Yanacocha Open Pit | 100% | 16,100 | 6.76 | 3,500 | 105,200 | 10.43 | 35,300 | 121,300 | 9.94 | 38,800 | 26,400 | 13.5 | 11,500 | 44% | ||||||||||||
| Yanacocha Underground | 100% | 500 | 0.37 | — | 6,200 | 37.02 | 7,300 | 6,700 | 34.23 | 7,400 | 3,400 | 40.4 | 4,400 | 83% | ||||||||||||
| Total Yanacocha, Peru | 16,600 | 6.57 | 3,500 | 111,300 | 11.91 | 42,600 | 128,000 | 11.21 | 46,100 | 29,800 | 16.6 | 15,900 | 51% | |||||||||||||
| Pueblo Viejo, Dominican Republic (5) | 40% | 7,300 | 7.96 | 1,900 | 37,300 | 8.04 | 9,600 | 44,600 | 8.02 | 11,500 | 3,200 | 8.1 | 800 | 74% | ||||||||||||
| NuevaUnión, Chile (6) | 50% | 164,300 | 0.96 | 5,100 | 349,900 | 1.19 | 13,400 | 514,100 | 1.12 | 18,400 | 602,200 | 1.2 | 22,500 | 66% | ||||||||||||
| Norte Abierto, Chile (7) | 50% | 77,200 | 1.20 | 3,000 | 596,900 | 1.07 | 20,600 | 674,200 | 1.09 | 23,500 | 369,600 | 1.0 | 11,300 | 78% | ||||||||||||
| Cadia, Australia (9)(11) | 100% | — | — | — | 1,596,600 | 0.61 | 31,300 | 1,596,600 | 0.61 | 31,300 | 497,000 | 0.5 | 7,500 | 65% | ||||||||||||
| Wafi-Golpu, Papua New Guinea (11) | 50% | — | — | — | 53,600 | 4.42 | 7,600 | 53,600 | 4.42 | 7,600 | 15,500 | 4.5 | 2,200 | 45% | ||||||||||||
| NGM Open Pit | 38.5% | — | — | — | 93,000 | 5.59 | 16,700 | 93,000 | 5.59 | 16,700 | 16,700 | 5.4 | 2,900 | 38% | ||||||||||||
| NGM Stockpiles | 38.5% | — | — | — | — | — | — | — | — | — | 1,800 | 5.6 | 300 | 38% | ||||||||||||
| NGM, United States (8) | — | — | — | 93,000 | 5.59 | 16,700 | 93,000 | 5.59 | 16,700 | 18,400 | 5.4 | 3,200 | 38% | |||||||||||||
| Total Silver | 516,900 | 4.29 | 71,300 | 4,099,200 | 2.92 | 385,400 | 4,616,200 | 3.08 | 456,700 | 1,872,300 | 1.8 | 108,100 | 68% | |||||||||||||
| Silver Resources at December 31, 2022 (1)(2) | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resources · Indicated Resources · Measured and Indicated Resources · Inferred Resources | ||||||||||||||||||||||||||
| Deposits/Districts · NewmontShare · Tonnage(000 tonnes) · Grade(g/tonne) · Ounces (3)(000) · Tonnage(000 tonnes) · Grade(g/tonne) · Ounces (3)(000) · Tonnage(000 tonnes) · Grade(g/tonne) · Ounces (3)(000) · Tonnage(000 tonnes) · Grade(g/tonne) · Ounces (3)(000) · MetallurgicalRecovery (3) | ||||||||||||||||||||||||||
| Galore Creek, Canada (4) | 50% | 212,800 | 4.08 | 27,950 | 385,600 | 4.77 | 59,100 | 598,400 | 4.52 | 87,040 | 118,900 | 2.6 | 9,940 | 73% | ||||||||||||
| Peñasquito, Mexico | 100% | 47,400 | 23.94 | 36,510 | 263,500 | 23.99 | 203,240 | 311,000 | 23.98 | 239,740 | 84,700 | 27.2 | 74,220 | 86% | ||||||||||||
| Noche Buena, Mexico | 50% | — | — | — | 19,900 | 13.99 | 8,970 | 19,900 | 13.99 | 8,970 | 1,600 | 11.0 | 550 | 25% | ||||||||||||
| Cerro Negro Underground | 100% | 200 | 42.43 | 210 | 1,500 | 51.31 | 2,490 | 1,700 | 50.51 | 2,690 | 5,700 | 35.1 | 6,450 | 76% | ||||||||||||
| Cerro Negro Open Pit | 100% | 1,200 | 6.77 | 260 | 1,200 | 6.63 | 250 | 2,400 | 6.70 | 520 | 300 | 6.7 | 70 | 60% | ||||||||||||
| Total Cerro Negro, Argentina | 1,400 | 10.72 | 470 | 2,700 | 31.64 | 2,740 | 4,100 | 24.64 | 3,210 | 6,000 | 33.7 | 6,520 | 75% | |||||||||||||
| Conga, Peru (10) | 100% | — | — | — | 693,800 | 2.06 | 45,910 | 693,800 | 2.06 | 45,910 | 175,000 | 1.1 | 6,330 | 70% | ||||||||||||
| Yanacocha Open Pit | 100% | 12,500 | 3.30 | 1,330 | 108,100 | 11.11 | 38,610 | 120,600 | 10.30 | 39,930 | 29,600 | 12.5 | 11,920 | 41% | ||||||||||||
| Yanacocha Underground | 100% | 500 | 0.37 | 10 | 6,200 | 37.02 | 7,350 | 6,700 | 34.23 | 7,350 | 3,400 | 40.4 | 4,390 | 83% | ||||||||||||
| Total Yanacocha, Peru (10) | 13,000 | 3.19 | 1,330 | 114,200 | 12.51 | 45,950 | 127,200 | 11.56 | 47,290 | 33,000 | 15.4 | 16,310 | 49% | |||||||||||||
| Pueblo Viejo, Dominican Republic (5)(9) | 40% | 7,300 | 7.68 | 1,810 | 33,200 | 8.28 | 8,840 | 40,600 | 8.17 | 10,650 | 3,000 | 10.5 | 1,030 | 74% | ||||||||||||
| NuevaUnión, Chile (6) | 50% | 164,300 | 0.96 | 5,080 | 349,900 | 1.19 | 13,370 | 514,100 | 1.12 | 18,440 | 602,200 | 1.2 | 22,530 | 66% | ||||||||||||
| Norte Abierto, Chile (7) | 50% | 77,200 | 1.20 | 2,990 | 596,900 | 1.07 | 20,550 | 674,200 | 1.09 | 23,540 | 369,600 | 1.0 | 11,340 | 78% | ||||||||||||
| NGM, United States (8) | 38.5% | 2,400 | 5.33 | 410 | 81,700 | 5.46 | 14,340 | 84,100 | 5.46 | 14,760 | 18,700 | 5.6 | 3,350 | 38% | ||||||||||||
| Total Silver | 525,900 | 4.53 | 76,550 | 2,541,500 | 5.18 | 423,010 | 3,067,400 | 5.07 | 499,560 | 1,412,800 | 3.3 | 152,120 | 75% | |||||||||||||
(2)Resources, at sites in which Newmont is the operator, are estimated at a silver price of $23.00 per ounce for 2023 and 2022, unless otherwise noted. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000.
(3)Ounces are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated amount of metal to be recovered through metallurgical extraction processes. Ounces may not recalculate as they are rounded to the nearest 100,000 in 2023 and nearest 10,000 in 2022.
(4)Project is currently undeveloped. Resource estimates provided by Teck Resources.
(5)Resource estimates provided by Barrick, the operator of the Pueblo Viejo.
(6)Project is currently undeveloped. Resource estimates provided by the NuevaUnión joint venture.
(7)Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture.
(8)Resource estimates provided by Barrick, the operator of the NGM joint venture.
(9)Amounts presented herein have been rounded to the nearest 100,000 in 2023 and nearest 10,000 in 2022 for ounces and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.
(10)In 2022, the Company increased its ownership interest in Yanacocha to 100% by acquiring Buenaventura’s 43.65% noncontrolling interest and Sumitomo's 5% noncontrolling interest. Refer to Note 1 to the Consolidated Financial Statements for further information.
(11)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. Silver resources at sites acquired through the Newcrest transaction were estimated at a silver price of $21.00 per ounce, with the exception of certain legacy estimates, which have applied older, more conservative price assumptions.
| Lead Resources at December 31, 2023 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resource · Indicated Resource · Measured and Indicated Resource · Inferred Resource | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(Pb%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Pb%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Pb%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Pb%) | Pounds (3)(millions) | MetallurgicalRecovery (3) |
| Peñasquito, Mexico (4) | 100% | 37,400 | 0.28% | 200 | 157,300 | 0.24% | 800 | 194,700 | 0.24% | 1,000 | 22,800 | 0.2% | 100 | 72% |
| Telfer Projects, Australia (5) | 100% | — | —% | — | 51,700 | 0.30% | 300 | 51,700 | 0.30% | 300 | 1,900 | 0.2% | — | 89% |
| Total Lead | 37,400 | 0.28% | 200 | 209,100 | 0.25% | 1,200 | 246,500 | 0.26% | 1,400 | 24,700 | 0.2% | 100 | 76% | |
| Lead Resources at December 31, 2022 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resource · Indicated Resource · Measured and Indicated Resource · Inferred Resource | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(Pb%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Pb%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Pb%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Pb%) | Pounds (3)(millions) | MetallurgicalRecovery (3) |
| Peñasquito, Mexico | 100% | 47,400 | 0.26% | 270 | 263,500 | 0.23% | 1,360 | 311,000 | 0.24% | 1,630 | 84,700 | 0.2% | 440 | 72% |
| Total Lead | 47,400 | 0.26% | 270 | 263,500 | 0.23% | 1,360 | 311,000 | 0.24% | 1,630 | 84,700 | 0.2% | 440 | 72% | |
(2)Resources are estimated at a lead price of $1.20 per pound for 2023 and 2022. Tonnage amounts have been rounded to the nearest 100,000.
(3)Pounds are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated amount of metal to be recovered through metallurgical extraction processes. Pounds may not recalculate as they are rounded to the nearest 100 million in 2023 and nearest 10 million in 2022.
(4)Amounts presented herein have been rounded to the nearest 100 million for pounds and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.
(5)Site acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. Lead resources at sites acquired through the Newcrest transaction were estimated at a lead price of $1.07 per pound.
| Zinc Resources at December 31, 2023 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resource · Indicated Resource · Measured and Indicated Resource · Inferred Resource | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(Zn%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Zn%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Zn%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Zn%) | Pounds (3)(millions) | MetallurgicalRecovery (3) |
| Peñasquito, Mexico (4) | 100% | 37,400 | 0.69% | 600 | 157,300 | 0.59% | 2,000 | 194,700 | 0.61% | 2,600 | 22,800 | 0.6% | 300 | 81% |
| Telfer Projects, Australia (5) | 100% | — | —% | — | 51,700 | 0.63% | 700 | 51,700 | 0.63% | 700 | 1,900 | 0.5% | — | 78% |
| Total Zinc | 37,400 | 0.69% | 600 | 209,100 | 0.60% | 2,800 | 246,500 | 0.61% | 3,300 | 24,700 | 0.6% | 300 | 80% | |
| Zinc Resources at December 31, 2022 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resource · Indicated Resource · Measured and Indicated Resource · Inferred Resource | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(Zn%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Zn%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Zn%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Zn%) | Pounds (3)(millions) | MetallurgicalRecovery (3) |
| Peñasquito, Mexico | 100% | 47,400 | 0.62% | 650 | 263,500 | 0.53% | 3,080 | 311,000 | 0.54% | 3,740 | 84,700 | 0.5% | 1,000 | 81% |
| Total Zinc | 47,400 | 0.62% | 650 | 263,500 | 0.53% | 3,080 | 311,000 | 0.54% | 3,740 | 84,700 | 0.5% | 1,000 | 81% | |
(2)Resources are estimated at a zinc price of $1.45 per pound for 2023 and 2022. Tonnage amounts have been rounded to the nearest 100,000.
(3)Pounds are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated amount of metal to be recovered through metallurgical extraction processes. Pounds may not recalculate as they are rounded to the nearest 100 million in 2023 and nearest 10 million in 2022.
(4)Amounts presented herein have been rounded to the nearest 10 million for pounds and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.
(5)Site acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. Zinc resources at sites acquired through the Newcrest transaction were estimated at a zinc price of $1.15 per pound.
| Molybdenum Resources at December 31, 2023 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resource · Indicated Resource · Measured and Indicated Resource · Inferred Resource | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(Mo%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Mo%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Mo%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Mo%) | Pounds (3)(millions) | MetallurgicalRecovery (3) |
| NuevaUnión, Chile (4) | 50% | 159,500 | 0.01% | — | 231,500 | 0.01% | — | 391,000 | 0.01% | 100 | 362,300 | —% | 100 | 52% |
| Cadia, Australia (5)(6) | 100% | — | —% | — | 1,515,400 | 0.01% | 200 | 1,515,400 | 0.01% | 200 | 497,000 | —% | — | 72% |
| Total Molybdenum | 159,500 | 0.01% | — | 1,746,900 | 0.01% | 200 | 1,906,400 | 0.01% | 200 | 859,400 | —% | 100 | 60% | |
| Molybdenum Resources at December 31, 2022 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resource · Indicated Resource · Measured and Indicated Resource · Inferred Resource | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(Mo%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Mo%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Mo%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(Mo%) | Pounds (3)(millions) | MetallurgicalRecovery (3) |
| NuevaUnión, Chile (4) | 50% | 159,500 | 0.01% | 20 | 231,500 | 0.01% | 40 | 391,000 | 0.01% | 70 | 362,300 | —% | 100 | 52% |
| Total Molybdenum | 159,500 | 0.01% | 20 | 231,500 | 0.01% | 40 | 391,000 | 0.01% | 70 | 362,300 | —% | 100 | 52% | |
(2)Resources, at sites in which Newmont is the operator, are estimated at a molybdenum price of $10.00 per pound for 2023. Resources for NuevaUnión are estimated based on a molybdenum price set by NuevaUnión joint venture. Tonnage amounts have been rounded to the nearest 100,000.
(3)Pounds are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated amount of metal to be recovered through metallurgical extraction processes. Pounds may not recalculate as they are rounded to the nearest 100 million in 2023 nearest 10 million in 2022.
(4)Project is currently undeveloped. Resource estimates provided by NuevaUnión joint venture.
(5)Amounts presented herein have been rounded to the nearest 100 million for pounds and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.
(6)Site acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information.
| Tungsten Resources at December 31, 2023 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resource · Indicated Resource · Measured and Indicated Resource · Inferred Resource | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(W%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(W%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(W%) | Pounds (3)(millions) | Tonnage(000 tonnes) | Grade(W%) | Pounds (3)(millions) | MetallurgicalRecovery (3) |
| Telfer Projects, Australia (4) | 100% | — | —% | — | 51,700 | 0.35% | 400 | 51,700 | 0.35% | 400 | 1,900 | 0.4% | — | 74% |
| Total Tungsten | — | —% | — | 51,700 | 0.35% | 400 | 51,700 | 0.35% | 400 | 1,900 | 0.4% | — | 74% | |
(2)Resources are estimated at a tungsten price of $16.00 per pound for 2023. Tonnage amounts have been rounded to the nearest 100,000.
(3)Pounds are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated amount of metal to be recovered through metallurgical extraction processes. Pounds may not recalculate as they are rounded to the nearest 100 million.
(4)Site acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.