NEWMONT Corp DE
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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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, and molybdenum, 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 ten 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 $266, $265, and $231 in 2024, 2023, and 2022, respectively.
We had attributable measured and indicated gold resources of 99.4 million ounces and attributable inferred gold resources of 70.6 million ounces at December 31, 2024. For 2024 and 2023, attributable measured, indicated, and inferred gold resources were estimated at a gold price assumption of $2,000 and $1,600 per ounce, respectively, except as noted below. The increase in the resources gold price assumption is based on the Company's assessment of multiple factors, including historical gold pricing trends, consensus price forecasts, and impacts of inflation. For 2023, gold resources for Telfer were estimated at a gold price assumption of $1,800 per ounce due to the short-term remaining mine life; in the fourth quarter of 2024, the Company sold the assets of the Telfer reportable segment.
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, 2025, 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 2025.
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, 2024 and 2023.
| Gold Resources at December 31, 2024 (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 | 100% | — | — | — | 4,300 | 4.68 | 600 | 4,300 | 4.68 | 600 | 16,600 | 5.8 | 3,100 | 96% |
| Red Chris, Canada (4) | 70% | — | — | — | 335,100 | 0.34 | 3,700 | 335,100 | 0.34 | 3,700 | 62,100 | 0.3 | 700 | 55% |
| Galore Creek, Canada (5)(15) | 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 | 100% | 48,200 | 0.30 | 500 | 163,100 | 0.22 | 1,100 | 211,300 | 0.24 | 1,600 | 21,100 | 0.2 | 100 | 57% |
| Noche Buena, Mexico (15) | 50% | — | — | — | 19,900 | 0.37 | 200 | 19,900 | 0.37 | 200 | 1,600 | 0.2 | — | 50% |
| Merian, Suriname | 75% | 5,800 | 1.03 | 200 | 58,600 | 1.08 | 2,000 | 64,500 | 1.08 | 2,200 | 70,000 | 0.9 | 2,000 | 90% |
| Cerro Negro, Argentina | 100% | 1,300 | 3.77 | 200 | 1,900 | 5.65 | 300 | 3,200 | 4.88 | 500 | 7,600 | 4.8 | 1,200 | 94% |
| Conga, Peru (6)(15) | 100% | — | — | — | 693,800 | 0.65 | 14,600 | 693,800 | 0.65 | 14,600 | 230,500 | 0.4 | 2,900 | 75% |
| Yanacocha Open Pit | 100% | 16,600 | 0.41 | 200 | 109,200 | 0.40 | 1,400 | 125,700 | 0.40 | 1,600 | 287,200 | 0.6 | 5,100 | 66% |
| 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 (7) | 100% | 17,100 | 0.52 | 300 | 115,400 | 0.63 | 2,300 | 132,500 | 0.62 | 2,600 | 290,700 | 0.6 | 5,600 | 72% |
| Pueblo Viejo, Dominican Republic (8)(15) | 40% | 8,200 | 1.39 | 400 | 38,200 | 1.44 | 1,800 | 46,400 | 1.43 | 2,100 | 5,000 | 1.6 | 300 | 88% |
| NuevaUnión, Chile (9)(15) | 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 (10)(15) | 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% | 90,600 | 0.55 | 1,600 | 154,100 | 0.53 | 2,600 | 244,700 | 0.54 | 4,200 | 3,500 | 0.6 | 100 | 84% |
| Tanami Open Pit | 100% | 9,700 | 1.65 | 500 | 26,500 | 1.45 | 1,200 | 36,200 | 1.50 | 1,700 | 5,300 | 1.1 | 200 | 90% |
| Tanami Underground | 100% | 2,800 | 3.22 | 300 | 6,600 | 3.80 | 800 | 9,300 | 3.63 | 1,100 | 17,200 | 4.4 | 2,400 | 97% |
| Total Tanami, Australia | 100% | 12,500 | 1.99 | 800 | 33,000 | 1.92 | 2,000 | 45,500 | 1.94 | 2,800 | 22,500 | 3.6 | 2,600 | 94% |
| Cadia Underground | 100% | — | — | — | 1,245,100 | 0.36 | 14,200 | 1,245,100 | 0.36 | 14,200 | 549,400 | 0.3 | 4,800 | 81% |
| Cadia Stockpiles and Open Pit | 100% | 30,800 | 0.30 | 300 | — | — | — | 30,800 | 0.30 | 300 | 11,000 | 0.7 | 200 | 65% |
| Total Cadia, Australia | 100% | 30,800 | 0.30 | 300 | 1,245,100 | 0.36 | 14,200 | 1,275,900 | 0.35 | 14,500 | 560,400 | 0.3 | 5,000 | 81% |
| Namosi, Fiji (11)(15) | 73.24% | — | — | — | 105,500 | 0.22 | 700 | 105,500 | 0.22 | 700 | 1,346,900 | 0.1 | 4,300 | 72% |
| Lihir Open Pit | 100% | — | — | — | 43,600 | 1.97 | 2,800 | 43,600 | 1.97 | 2,800 | 227,400 | 2.4 | 17,600 | 75% |
| Lihir Stockpiles | 100% | — | — | — | 1,000 | 2.11 | 100 | 1,000 | 2.11 | 100 | — | — | — | 75% |
| Total Lihir, Papua New Guinea | 100% | — | — | — | 44,600 | 1.97 | 2,800 | 44,600 | 1.97 | 2,800 | 227,400 | 2.4 | 17,600 | 75% |
| Wafi-Golpu Open Pit (12) | 50% | — | — | — | 53,600 | 1.66 | 2,900 | 53,600 | 1.66 | 2,900 | 15,500 | 1.3 | 600 | 65% |
| Wafi-Golpu Underground (13) | 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 (15) | 50% | — | — | — | 194,500 | 0.78 | 4,900 | 194,500 | 0.78 | 4,900 | 107,300 | 0.7 | 2,600 | 67% |
| Ahafo South Open Pit | 100% | 3,900 | 1.13 | 100 | 6,500 | 0.83 | 200 | 10,400 | 0.95 | 300 | 3,500 | 1.2 | 100 | 85% |
| Ahafo South Underground | 100% | 700 | 3.85 | 100 | 27,100 | 3.96 | 3,400 | 27,800 | 3.95 | 3,500 | 11,500 | 3.1 | 1,200 | 91% |
| Total Ahafo South, Ghana | 100% | 4,700 | 1.56 | 200 | 33,500 | 3.35 | 3,600 | 38,200 | 3.13 | 3,800 | 15,000 | 2.7 | 1,300 | 91% |
| Ahafo North Open Pit, Ghana | 100% | 6,900 | 1.41 | 300 | 28,300 | 1.78 | 1,600 | 35,200 | 1.71 | 1,900 | 13,700 | 1.6 | 700 | 90% |
| NGM Open Pits and Stockpiles | 38.5% | 3,700 | 1.23 | 100 | 158,500 | 0.74 | 3,800 | 162,200 | 0.76 | 4,000 | 56,700 | 0.9 | 1,600 | 72% |
| NGM Underground | 38.5% | 200 | 23.55 | 200 | 21,500 | 6.34 | 4,400 | 21,800 | 6.52 | 4,600 | 25,100 | 6.4 | 5,200 | 87% |
| Total NGM, Nevada (14)(16) | 38.5% | 3,900 | 2.51 | 300 | 180,000 | 1.41 | 8,200 | 183,900 | 1.44 | 8,500 | 81,800 | 2.6 | 6,700 | 82% |
| Gold Resources at December 31, 2024 (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) |
| Held for sale (17) | ||||||||||||||
| CC&V, United States | 100% | 20,300 | 0.53 | 300 | 26,500 | 0.48 | 400 | 46,700 | 0.50 | 800 | 71,400 | 0.4 | 900 | 51% |
| Musselwhite, Canada | 100% | 1,500 | 4.21 | 200 | 2,300 | 4.10 | 300 | 3,800 | 4.15 | 500 | 1,900 | 5.0 | 300 | 96% |
| Porcupine Underground | 100% | — | — | — | 1,000 | 7.70 | 300 | 1,100 | 7.59 | 300 | 1,900 | 7.8 | 500 | 92% |
| Porcupine Open Pit | 100% | — | — | — | 75,600 | 1.51 | 3,700 | 75,600 | 1.51 | 3,700 | 65,900 | 1.4 | 2,900 | 92% |
| Total Porcupine, Canada | 100% | — | — | — | 76,600 | 1.59 | 3,900 | 76,600 | 1.59 | 3,900 | 67,900 | 1.5 | 3,400 | 92% |
| Éléonore, Canada | 100% | 400 | 4.94 | 100 | 2,900 | 4.11 | 400 | 3,300 | 4.21 | 400 | 2,400 | 4.6 | 400 | 92% |
| Coffee, Canada (15) | 100% | 900 | 2.14 | 100 | 49,300 | 1.26 | 2,000 | 50,200 | 1.28 | 2,100 | 6,700 | 1.0 | 200 | 81% |
| Akyem, Ghana (18) | 100% | 800 | 0.73 | — | 9,700 | 3.83 | 1,200 | 10,600 | 3.58 | 1,200 | 5,500 | 3.0 | 500 | 92% |
| Total Gold | 548,800 | 0.53 | 9,300 | 4,717,000 | 0.59 | 90,100 | 5,265,900 | 0.59 | 99,400 | 3,967,800 | 0.6 | 70,600 | 78% | |
| 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 | 100% | 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% |
| Brucejack, Canada (19) | 100% | — | — | — | 1,800 | 7.64 | 500 | 1,800 | 7.64 | 500 | 12,100 | 10.3 | 4,000 | 96% |
| Red Chris, Canada (19) | 70% | — | — | — | 334,700 | 0.34 | 3,600 | 334,700 | 0.34 | 3,600 | 62,100 | 0.3 | 700 | 55% |
| Coffee, Canada (15) | 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 (5)(15) | 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 (16) | 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 (15) | 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 (15) | 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 | 100% | 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 (8)(15) | 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 (9)(15) | 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 (10)(15) | 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 | 100% | 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 (16)(19) | 100% | 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 (19)(20) | 100% | — | — | — | 27,600 | 0.67 | 600 | 27,600 | 0.67 | 600 | — | — | — | 81% |
| Havieron, Australia (19)(20) | 70% | — | — | — | 33,200 | 2.65 | 2,800 | 33,200 | 2.65 | 2,800 | 11,400 | 1.7 | 600 | 87% |
| Namosi, Fiji (15)(19) | 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 (16)(19) | 100% | — | — | — | 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 NewGuinea (15)(19) | 50% | — | — | — | 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 | 100% | 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 (14) | 38.5% | 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% | ||||
(2)At December 31, 2024 and 2023, gold resources at sites for which Newmont is the operator were estimated at a gold price of $2,000 and $1,600 per ounce, 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.
(4)Gold resources related to the underground mine at December 31, 2024 were estimated at a gold price of $1,400 per ounce.
(5)Project is currently undeveloped. Resource estimates provided by Teck Resources, the Galore Creek joint venture partner.
(6)Gold resources at December 31, 2024 were estimated at a gold price of $1,400 per ounce.
(7)Gold resources related to the undeveloped Yanacocha Sulfides project at December 31, 2024 were estimated at a gold price of $1,400 per ounce.
(8)The Pueblo Viejo mine, which is 40% owned by Newmont, is accounted for as an equity method investment. Gold resources at December 31, 2024 were estimated at a gold price of $1,900 per ounce. Gold resources at December 31, 2024 and 2023 were provided by Barrick, the operator of Pueblo Viejo.
(9)Project is currently undeveloped. Gold resources at December 31, 2024 and 2023 were estimated at a gold price of $1,300 per ounce and were provided by the NuevaUnión joint venture.
(10)Project is currently undeveloped. Gold resources at December 31, 2024 and 2023 were estimated at a gold price of $1,400 per ounce and were provided by the Norte Abierto joint venture.
(11)Gold resources at December 31, 2024 were estimated at a gold price of $1,400 per ounce.
(12)Gold resources at December 31, 2024 were estimated at a gold price of $1,300 per ounce.
(13)Gold resources at December 31, 2024 were estimated at a gold price of $1,400 per ounce.
(14)Gold resources at December 31, 2024 were estimated at a gold price of $1,900 per ounce. Gold resources at December 31, 2024 and 2023 were provided by Barrick, the operator of the NGM joint venture.
(15)Currently included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.
(16)Amounts presented herein have been rounded to the nearest 100,000 for ounces and tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.
(17)Sites are classified as held for sale as of December 31, 2024. Refer to Note 3 to the Consolidated Financial Statements for further discussion of our assets and liabilities held for sale.
(18)Gold resources at December 31, 2024 were estimated at a gold price of $1,600 per ounce.
(19)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. At December 31, 2023, 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.
(20)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment, which includes the Havieron development project. Refer to Note 3 to the Consolidated Financial Statements for further information.
| Copper Resources at December 31, 2024 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resources · Indicated Resources · Measured and Indicated Resources · Inferred Resources | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(Cu%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Cu%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Cu%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Cu%) | Tonnes (3)(000) | MetallurgicalRecovery (3) |
| Red Chris, Canada (4) | 70% | — | —% | — | 335,100 | 0.34% | 1,100 | 335,100 | 0.34% | 1,100 | 62,100 | 0.4% | 200 | 81% |
| Galore Creek, Canada (5)(12) | 50% | 212,800 | 0.44% | 900 | 385,600 | 0.47% | 1,800 | 598,400 | 0.46% | 2,800 | 118,900 | 0.3% | 300 | 93% |
| Conga, Peru (6)(12) | 100% | — | —% | — | 693,800 | 0.26% | 1,800 | 693,800 | 0.26% | 1,800 | 230,500 | 0.2% | 400 | 84% |
| Yanacocha, Peru (7) | 100% | 1,500 | 1.02% | — | 99,800 | 0.36% | 400 | 101,300 | 0.37% | 400 | 39,700 | 0.4% | 100 | 81% |
| NuevaUnión, Chile (8)(12) | 50% | 164,300 | 0.19% | 300 | 349,900 | 0.34% | 1,200 | 514,100 | 0.30% | 1,500 | 602,200 | 0.4% | 2,300 | 89% |
| Norte Abierto, Chile (9)(12) | 50% | 57,600 | 0.24% | 100 | 551,300 | 0.19% | 1,100 | 608,900 | 0.20% | 1,200 | 361,800 | 0.2% | 700 | 90% |
| Boddington, Australia | 100% | 90,600 | 0.12% | 100 | 154,100 | 0.11% | 200 | 244,700 | 0.12% | 300 | 3,500 | 0.1% | — | 83% |
| Cadia Open Pit | 100% | 30,800 | 0.13% | — | — | —% | — | 30,800 | 0.13% | — | 11,000 | 0.5% | 100 | 85% |
| Cadia Underground | 100% | — | —% | — | 1,245,100 | 0.25% | 3,200 | 1,245,100 | 0.25% | 3,200 | 549,400 | 0.2% | 900 | 86% |
| Total Cadia, Australia | 100% | 30,800 | 0.13% | — | 1,245,100 | 0.25% | 3,200 | 1,275,900 | 0.25% | 3,200 | 560,400 | 0.2% | 1,000 | 86% |
| Namosi Open Pit | 73.24% | — | —% | — | 105,500 | 0.61% | 600 | 105,500 | 0.61% | 600 | 1,346,900 | 0.3% | 4,300 | 84% |
| Namosi Underground | 73.24% | — | —% | — | — | —% | — | — | —% | — | 209,900 | 0.4% | 900 | 92% |
| Total Namosi, Fiji (12) | 73.24% | — | —% | — | 105,500 | 0.61% | 600 | 105,500 | 0.61% | 600 | 1,556,800 | 0.3% | 5,200 | 85% |
| Wafi-Golpu, Papua New Guinea (10)(12) | 50% | — | —% | — | 140,800 | 0.73% | 1,000 | 140,800 | 0.73% | 1,000 | 91,900 | 0.7% | 600 | 95% |
| NGM, United States (11)(13) | 38.5% | — | —% | — | 113,700 | 0.17% | 200 | 113,700 | 0.17% | 200 | 11,100 | 0.2% | — | 67% |
| Total Copper | 557,600 | 0.28% | 1,600 | 4,174,600 | 0.30% | 12,600 | 4,732,200 | 0.30% | 14,100 | 3,638,800 | 0.3% | 11,000 | 87% | |
| 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%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Cu%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Cu%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Cu%) | Tonnes (3)(000) | MetallurgicalRecovery (3) |
| Red Chris, Canada (14) | 70% | — | —% | — | 334,700 | 0.34% | 1,100 | 334,700 | 0.34% | 1,100 | 62,100 | 0.4% | 200 | 81% |
| Galore Creek, Canada (5)(12) | 50% | 212,800 | 0.44% | 900 | 385,600 | 0.47% | 1,800 | 598,400 | 0.46% | 2,800 | 118,900 | 0.3% | 300 | 93% |
| Conga, Peru (12) | 100% | — | —% | — | 693,800 | 0.26% | 1,800 | 693,800 | 0.26% | 1,800 | 230,500 | 0.2% | 400 | 84% |
| Yanacocha, Peru | 100% | 1,500 | 1.02% | — | 99,800 | 0.36% | 400 | 101,300 | 0.37% | 400 | 39,700 | 0.4% | 100 | 81% |
| NuevaUnión, Chile (8)(12) | 50% | 164,300 | 0.19% | 300 | 349,900 | 0.34% | 1,200 | 514,100 | 0.30% | 1,500 | 602,200 | 0.4% | 2,300 | 89% |
| Norte Abierto, Chile (9)(12) | 50% | 57,600 | 0.24% | 100 | 551,300 | 0.19% | 1,100 | 608,900 | 0.20% | 1,200 | 361,800 | 0.2% | 700 | 90% |
| Boddington, Australia | 100% | 98,200 | 0.11% | 100 | 169,700 | 0.11% | 200 | 267,900 | 0.11% | 300 | 2,400 | 0.1% | — | 82% |
| Cadia Underground | 100% | — | —% | — | 1,596,600 | 0.23% | 3,700 | 1,596,600 | 0.23% | 3,700 | 497,000 | 0.2% | 900 | 85% |
| Cadia Open Pit | 100% | 30,900 | 0.13% | — | — | —% | — | 30,900 | 0.13% | — | 11,000 | 0.5% | 100 | 80% |
| Total Cadia, Australia (13)(14) | 100% | 30,900 | 0.13% | — | 1,596,600 | 0.23% | 3,700 | 1,627,500 | 0.23% | 3,800 | 508,000 | 0.2% | 900 | 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 (14)(15) | 100% | — | —% | — | 27,600 | 0.09% | — | 27,600 | 0.09% | — | — | —% | — | 65% |
| Havieron, Australia (14)(15) | 70% | — | —% | — | 33,200 | 0.34% | 100 | 33,200 | 0.34% | 100 | 11,400 | 0.2% | — | 86% |
| Telfer Projects, Australia (14)(15) | 100% | — | —% | — | 51,700 | 0.29% | 100 | 51,700 | 0.29% | 100 | 1,900 | 0.3% | — | 78% |
| Namosi Open Pit | 73.24% | — | —% | — | 105,500 | 0.61% | 600 | 105,500 | 0.61% | 600 | 1,346,900 | 0.3% | 4,300 | 84% |
| Namosi Underground | 73.24% | — | —% | — | — | —% | — | — | —% | — | 209,900 | 0.4% | 900 | 92% |
| Total Namosi, Fiji (12)(14) | 73.24% | — | —% | — | 105,500 | 0.61% | 600 | 105,500 | 0.61% | 600 | 1,556,800 | 0.3% | 5,200 | 85% |
| Wafi-Golpu, Papua New Guinea (12)(14) | 50% | — | —% | — | 140,800 | 0.73% | 1,000 | 140,800 | 0.73% | 1,000 | 91,900 | 0.7% | 600 | 95% |
| NGM, United States (11) | 38.5% | — | —% | — | 136,000 | 0.15% | 200 | 136,000 | 0.15% | 200 | 19,300 | 0.2% | — | 65% |
| Total Copper | 565,300 | 0.28% | 1,600 | 4,676,100 | 0.29% | 13,500 | 5,241,400 | 0.29% | 15,000 | 3,606,800 | 0.3% | 10,900 | 88% | |
(2)At December 31, 2024 and 2023, copper resources at sites in which Newmont is the operator were estimated at a copper price of $4.00 per pound, unless otherwise noted. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000.
(3)Tonnes 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. Tonnes may not recalculate as they are rounded to the nearest 100,000.
(4)Copper resources related to the underground mine at December 31, 2024 were estimated at a copper price of $3.40 per pound.
(5)Project is currently undeveloped. Resource estimates provided by Teck Resources.
(6)Copper resources at December 31, 2024 were estimated at a copper price of $3.50 per pound.
(7)Copper resources related to the undeveloped Yanacocha Sulfides project at December 31, 2024 were estimated at a copper price of $3.25 per pound.
(8)Project is currently undeveloped. Copper resources at December 31, 2024 and 2023 were estimated at a copper price of $3.00 per pound and were provided by the NuevaUnión joint venture.
(9)Project is currently undeveloped. Copper resources at December 31, 2024 and 2023 were estimated at a copper price of $3.25 per pound and were provided by the Norte Abierto joint venture.
(10)Copper resources related to the open pit mine at December 31, 2024 were estimated at a copper price of $3.40 per pound.
(11)Copper resources at December 31, 2024 and 2023 were provided by Barrick, the operator of the NGM joint venture.
(12)Currently included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.
(13)Amounts presented herein have been rounded to the nearest 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.
(14)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 at December 31, 2023, 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.
(15)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment, which includes the Havieron development project. Refer to Note 3 to the Consolidated Financial Statements for further information.
| Silver Resources at December 31, 2024 (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 | 100% | — | — | — | 4,300 | 19.68 | 2,700 | 4,300 | 19.68 | 2,700 | 16,600 | 11.6 | 6,200 | 82% | ||||||||||||
| Galore Creek, Canada (4)(12) | 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% | 48,200 | 27.22 | 42,200 | 163,100 | 24.84 | 130,300 | 211,300 | 25.39 | 172,400 | 21,100 | 25.4 | 17,200 | 80% | ||||||||||||
| Noche Buena, Mexico (12) | 50% | — | — | — | 19,900 | 13.99 | 9,000 | 19,900 | 13.99 | 9,000 | 1,600 | 11.0 | 500 | 25% | ||||||||||||
| Cerro Negro Underground | 100% | 100 | 70.12 | 300 | 700 | 61.42 | 1,400 | 900 | 62.67 | 1,700 | 7,300 | 26.5 | 6,200 | 76% | ||||||||||||
| Cerro Negro Open Pit | 100% | 1,200 | 6.76 | 300 | 1,200 | 6.62 | 300 | 2,400 | 6.70 | 500 | 300 | 6.7 | 100 | 71% | ||||||||||||
| Total Cerro Negro, Argentina | 100% | 1,300 | 12.61 | 500 | 1,900 | 27.54 | 1,700 | 3,200 | 21.43 | 2,200 | 7,600 | 25.7 | 6,300 | 75% | ||||||||||||
| Conga, Peru (5)(12) | 100% | — | — | — | 693,800 | 2.06 | 45,900 | 693,800 | 2.06 | 45,900 | 175,000 | 1.1 | 6,300 | 70% | ||||||||||||
| Yanacocha Open Pit | 100% | 16,300 | 6.71 | 3,500 | 103,900 | 10.16 | 33,900 | 120,200 | 9.69 | 37,400 | 26,300 | 13.4 | 11,400 | 43% | ||||||||||||
| Yanacocha Leach Pad (6) | 100% | — | — | — | — | — | — | — | — | — | 62,700 | 2.2 | 4,500 | 4% | ||||||||||||
| 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 (7) | 100% | 16,800 | 6.52 | 3,500 | 110,100 | 11.66 | 41,300 | 126,900 | 10.98 | 44,800 | 92,400 | 6.8 | 20,300 | 47% | ||||||||||||
| Pueblo Viejo, Dominican Republic (8)(12) | 40% | 8,200 | 7.69 | 2,000 | 38,200 | 7.82 | 9,600 | 46,400 | 7.80 | 11,600 | 5,000 | 6.8 | 1,100 | 71% | ||||||||||||
| NuevaUnión, Chile (9)(12) | 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 (10)(12) | 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 | 100% | — | — | — | 1,245,100 | 0.65 | 26,100 | 1,245,100 | 0.65 | 26,100 | 549,400 | 0.4 | 7,900 | 67% | ||||||||||||
| Wafi-Golpu, Papua New Guinea (12) | 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% | — | — | — | 98,300 | 5.64 | 17,800 | 98,300 | 5.64 | 17,800 | 9,400 | 4.2 | 1,300 | 38% | ||||||||||||
| NGM Stockpiles | 38.5% | — | — | — | — | — | — | — | — | — | 900 | 4.6 | 100 | 38% | ||||||||||||
| NGM, United States (11)(13) | 38.5% | — | — | — | 98,300 | 5.64 | 17,800 | 98,300 | 5.64 | 17,800 | 10,300 | 4.2 | 1,400 | 38% | ||||||||||||
| Total Silver | 528,900 | 4.96 | 84,300 | 3,760,700 | 3.18 | 385,000 | 4,289,600 | 3.40 | 469,200 | 1,985,100 | 1.8 | 113,200 | 69% | |||||||||||||
| 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 (14) | 100% | — | — | — | 1,800 | 8.09 | 500 | 1,800 | 8.09 | 500 | 12,100 | 10.0 | 3,900 | 85% | ||||||||||||
| Galore Creek, Canada (4)(12) | 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 (13) | 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 (12) | 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 | 100% | 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 (12) | 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 | 100% | 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 (8)(12) | 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 (9)(12) | 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 (10)(12) | 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 (13)(14) | 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 (12)(14) | 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 (11) | 38.5% | — | — | — | 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% | |||||||||||||
(2)At December 31, 2024 and 2023, silver resources at sites in which Newmont is the operator were estimated at a silver price of $23.00 per ounce, 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.
(4)Project is currently undeveloped. Resource estimates provided by Teck Resources.
(5)Silver resources at December 31, 2024 were estimated at a silver price of $26.00 per ounce.
(6)Leach pad material is the material on leach pads at the end of the year from which silver remains to be recovered. In-process resources are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported resources.
(7)Silver resources related to the undeveloped Yanacocha Sulfides project at December 31, 2024 were estimated at a silver price of $23.00 per ounce.
(8)Silver resources at December 31, 2024 were estimated at a silver price of $24.00 per ounce. Silver resources at December 31, 2024 and 2023 were provided by Barrick, the operator of the Pueblo Viejo.
(9)Project is currently undeveloped. Silver resources at December 31, 2024 and 2023 were estimated at a silver price of $18.00 per ounce and were provided by the NuevaUnión joint venture.
(10)Project is currently undeveloped. Silver resources at December 31, 2024 and 2023 were estimated at a silver price of $20.00 per ounce and were provided by the Norte Abierto joint venture.
(11)Silver resources at December 31, 2024 were estimated at a silver price of $24.00 per ounce. Silver resources at December 31, 2024 and 2023 were provided by Barrick, the operator of the NGM joint venture.
(12)Currently included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.
(13)Amounts presented herein have been rounded to the nearest 100,000 for ounces and tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.
(14)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 at December 31, 2023, with the exception of certain legacy estimates, which have applied older, more conservative price assumptions.
| Lead Resources at December 31, 2024 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resource · Indicated Resource · Measured and Indicated Resource · Inferred Resource | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(Pb%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Pb%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Pb%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Pb%) | Tonnes (3)(000) | MetallurgicalRecovery (3) |
| Peñasquito, Mexico | 100% | 48,200 | 0.25% | 100 | 163,100 | 0.23% | 400 | 211,300 | 0.23% | 500 | 21,100 | 0.2% | — | 73% |
| Total Lead | 48,200 | 0.25% | 100 | 163,100 | 0.23% | 400 | 211,300 | 0.23% | 500 | 21,100 | 0.2% | — | 73% | |
| 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%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Pb%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Pb%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Pb%) | Tonnes (3)(000) | MetallurgicalRecovery (3) |
| Peñasquito, Mexico (4) | 100% | 37,400 | 0.28% | 100 | 157,300 | 0.24% | 400 | 194,700 | 0.24% | 500 | 22,800 | 0.2% | 100 | 72% |
| Telfer Projects, Australia (5)(6) | 100% | — | —% | — | 51,700 | 0.30% | 200 | 51,700 | 0.30% | 200 | 1,900 | 0.2% | — | 89% |
| Total Lead | 37,400 | 0.28% | 100 | 209,100 | 0.25% | 500 | 246,500 | 0.26% | 600 | 24,700 | 0.2% | 100 | 76% | |
(2)At December 31, 2024 and 2023, lead resources were estimated at a lead price of $1.00 and $1.20 per pound, respectively. Tonnage amounts have been rounded to the nearest 100,000.
(3)Tonnes 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. Tonnes may not recalculate as they are rounded to the nearest 100,000.
(4)Amounts presented herein have been rounded to the nearest 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 at December 31, 2023.
(6)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment, which includes the Havieron development project. Refer to Note 3 to the Consolidated Financial Statements for further information.
| Zinc Resources at December 31, 2024 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resource · Indicated Resource · Measured and Indicated Resource · Inferred Resource | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(Zn%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Zn%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Zn%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Zn%) | Tonnes (3)(000) | MetallurgicalRecovery (3) |
| Peñasquito, Mexico | 100% | 48,200 | 0.69% | 300 | 163,100 | 0.55% | 900 | 211,300 | 0.59% | 1,200 | 21,100 | 0.6% | 100 | 81% |
| Total Zinc | 48,200 | 0.69% | 300 | 163,100 | 0.55% | 900 | 211,300 | 0.59% | 1,200 | 21,100 | 0.6% | 100 | 81% | |
| 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%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Zn%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Zn%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Zn%) | Tonnes (3)(000) | MetallurgicalRecovery (3) |
| Peñasquito, Mexico (4) | 100% | 37,400 | 0.69% | 300 | 157,300 | 0.59% | 900 | 194,700 | 0.61% | 1,200 | 22,800 | 0.6% | 100 | 81% |
| Telfer Projects, Australia (5)(6) | 100% | — | —% | — | 51,700 | 0.63% | 300 | 51,700 | 0.63% | 300 | 1,900 | 0.5% | — | 78% |
| Total Zinc | 37,400 | 0.69% | 300 | 209,100 | 0.60% | 1,300 | 246,500 | 0.61% | 1,500 | 24,700 | 0.6% | 100 | 80% | |
(2)At December 31, 2024 and 2023, zinc resources were estimated at a zinc price of $1.30 and $1.45 per pound, respectively. Tonnage amounts have been rounded to the nearest 100,000.
(3)Tonnes 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. Tonnes may not recalculate as they are rounded to the nearest 100,000.
(4)Amounts presented herein have been rounded to the nearest 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 at December 31, 2023.
(6)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment, which includes the Havieron development project. Refer to Note 3 to the Consolidated Financial Statements for further information.
| Molybdenum Resources at December 31, 2024 (1)(2) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Measured Resource · Indicated Resource · Measured and Indicated Resource · Inferred Resource | ||||||||||||||
| Deposits/Districts | NewmontShare | Tonnage(000 tonnes) | Grade(Mo%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Mo%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Mo%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Mo%) | Tonnes (3)(000) | MetallurgicalRecovery (3) |
| NuevaUnión, Chile (4) | 50% | 159,500 | 0.01% | — | 231,500 | 0.01% | — | 391,000 | 0.01% | — | 362,300 | —% | — | 52% |
| Cadia, Australia | 100% | — | —% | — | 1,173,900 | 0.01% | 100 | 1,173,900 | 0.01% | 100 | 509,600 | —% | — | 72% |
| Total Molybdenum | 159,500 | 0.01% | — | 1,405,400 | 0.01% | 100 | 1,564,900 | 0.01% | 100 | 872,000 | —% | 100 | 62% | |
| 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%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Mo%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Mo%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(Mo%) | Tonnes (3)(000) | MetallurgicalRecovery (3) |
| NuevaUnión, Chile (4) | 50% | 159,500 | 0.01% | — | 231,500 | 0.01% | — | 391,000 | 0.01% | — | 362,300 | —% | — | 52% |
| Cadia, Australia (5)(6) | 100% | — | —% | — | 1,515,400 | 0.01% | 100 | 1,515,400 | 0.01% | 100 | 497,000 | —% | — | 72% |
| Total Molybdenum | 159,500 | 0.01% | — | 1,746,900 | 0.01% | 100 | 1,906,400 | 0.01% | 100 | 859,400 | —% | 100 | 60% | |
(2)At December 31, 2024 and 2023, molybdenum resources at sites in which Newmont is the operator were estimated at a molybdenum price of $16.00 and $10.00 per pound, respectively, unless otherwise noted. Tonnage amounts have been rounded to the nearest 100,000.
(3)Tonnes 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. Tonnes may not recalculate as they are rounded to the nearest 100,000.
(4)Project is currently undeveloped and is included in Corporate and Other in Note 4 to the Consolidated Financial Statements. Molybdenum resources at December 31, 2024 and 2023 were estimated at a molybdenum price of $10.00 per pound and were provided by the NuevaUnión joint venture.
(5)Amounts presented herein have been rounded to the nearest 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%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(W%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(W%) | Tonnes (3)(000) | Tonnage(000 tonnes) | Grade(W%) | Tonnes (3)(000) | MetallurgicalRecovery (3) |
| Telfer Projects, Australia | 100% | — | —% | — | 51,700 | 0.35% | 200 | 51,700 | 0.35% | 200 | 1,900 | 0.4% | — | 74% |
| Total Tungsten | — | —% | — | 51,700 | 0.35% | 200 | 51,700 | 0.35% | 200 | 1,900 | 0.4% | — | 74% | |
(2)At December 31, 2023, tungsten resources were estimated at a tungsten price of $16.00 per pound. Tonnage amounts have been rounded to the nearest 100,000. The Telfer reportable segment was acquired in 2023 through the Newmont transaction and subsequently sold in the fourth quarter of 2024. Refer to Note 3 to the Consolidated Financial Statements for further information. Due to the sale, the Company had no tungsten reserves at December 31, 2024.
(3)Tonnes 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. Tonnes may not recalculate as they are rounded to the nearest 100,000.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.