Newmont Reports 2025 Mineral Reserves of 118.2 Million Gold Ounces and 12.5 Million Tonnes of Copper
Original announcement by tmx on
- Company
- Newmont Corporation
- Ticker
- NGT
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver, Lead, Zinc, Molybdenum
- Document categories
- Resource update
- Extracted
- 2026-09-14 15:10:42 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Newmont Corporation reported its 2025 Mineral Reserves and Resources, with gold reserves decreasing to 118.2 million attributable ounces from 134.1 million in 2024, mainly due to asset divestments and the reclassification of the Yanacocha Sulfides project. Copper reserves also decreased to 12.5 million tonnes, and silver reserves to 442 million ounces. Despite these reductions, Newmont maintains the industry's largest gold reserve base and increased its gold price assumption for reserves to $2,000 per ounce, with some positive revisions at other sites.
Reasoning: Newmont's annual reserve and resource update shows a decrease in overall gold, copper, and silver reserves, primarily due to asset divestments and the reclassification of the Yanacocha Sulfides project. While the company maintains the industry's largest gold reserve base and increased its gold price assumption, significant reductions in resources at Cadia and the removal of Namosi resources contribute to a slightly negative outlook.
Positive factors
- Largest gold reserve base in the industry
- Increased gold price assumption for reserves
- Resource conversion and positive revisions at several sites
- Significant exposure to other metals
Negative factors
- Overall decrease in gold reserves due to divestments and reclassification
- Decrease in copper and silver reserves
- Significant decrease in Cadia gold resources due to geotechnical issues and cost expectations
- Namosi gold resources removed from inventory
- Yanacocha Sulfides project indefinitely deferred
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 157
Extracted facts
Stored fact records: 157. Some facts used in scoring do not have a stored record.
Resource Estimates (157)
probableLihir · goldTonnes: 147900000Grade: 2.55Grade Unit: g/tContained Metal: 12100Contained Unit: kozView all detailsHide details
Identity
- Project
- Lihir
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:6d16616a0085ae28ddf9
- Deposit or zone
- Lihir Open Pits
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 147900000
- Grade
- 2.55
- Grade Unit
- g/t
- Contained Metal
- 12100
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 125900000
- Prior Grade
- 2.86
- Prior Contained Metal
- 11600
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Lihir Open Pits show an increase in probable reserve tonnes and contained gold ounces, despite a slight decrease in grade, indicating a positive revision for this zone.
Positive factors
- Increase in probable reserve tonnes and contained metal compared to prior year
- High metallurgical recovery
Negative factors
- Decrease in grade compared to prior year
Evidence · table
“147,900”
Context: Lihir Open Pits
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 147900000 against 125900000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 2.55 against 2.86 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 12100 from 11600
probableLihir · goldTonnes: 72300000Grade: 1.65Grade Unit: g/tContained Metal: 3800Contained Unit: kozView all detailsHide details
Identity
- Project
- Lihir
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:ef1ef620e067f20efec0
- Deposit or zone
- Lihir Stockpiles
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 72300000
- Grade
- 1.65
- Grade Unit
- g/t
- Contained Metal
- 3800
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 77100000
- Prior Grade
- 1.68
- Prior Contained Metal
- 4200
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Lihir Stockpiles show a decrease in probable reserve tonnes, grade, and contained gold ounces compared to the prior year, indicating depletion or negative revisions.
Positive factors
- High metallurgical recovery
Negative factors
- Decrease in probable reserve tonnes, grade, and contained metal compared to prior year
Evidence · table
“72,300”
Context: Lihir Stockpiles
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 72300000 against 77100000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 3800 against 4200 previously
probableLihir · goldTonnes: 220200000Grade: 2.26Grade Unit: g/tContained Metal: 16000Contained Unit: kozView all detailsHide details
Identity
- Project
- Lihir
- Commodity
- gold
- Region
- png
- Reported Region
- Papua New Guinea
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:c881124f8c45329d92dc
- Deposit or zone
- Total Lihir
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 220200000
- Grade
- 2.26
- Grade Unit
- g/t
- Contained Metal
- 16000
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 203000000
- Prior Grade
- 2.41
- Prior Contained Metal
- 15800
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Lihir gold reserves show an increase in tonnes and contained ounces, indicating overall growth for the project, despite a slight grade reduction.
Positive factors
- Increase in total probable reserve tonnes and contained metal compared to prior year
- High metallurgical recovery
Negative factors
- Decrease in grade compared to prior year
Evidence · table
“220,200”
Context: Total Lihir, Papua New Guinea
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 2.26 against 2.41 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 16000 from 15800
probableWafi-Golpu · goldTonnes: 194500000Grade: 0.82Grade Unit: g/tContained Metal: 5100Contained Unit: kozView all detailsHide details
Identity
- Project
- Wafi-Golpu
- Commodity
- gold
- Region
- png
- Reported Region
- Papua New Guinea
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:95d387954da063abb279
- Deposit or zone
- Wafi-Golpu
- Ownership percent
- 50 %
Resource Data
- Category
- probable
- Tonnes
- 194500000
- Grade
- 0.82
- Grade Unit
- g/t
- Contained Metal
- 5100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 194500000
- Prior Grade
- 0.82
- Prior Contained Metal
- 5100
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Wafi-Golpu gold probable reserves remain unchanged from the prior year, indicating stability but no growth.
Evidence · table
“194,500”
Context: Wafi-Golpu, Papua New Guinea
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableCadia · goldTonnes: 1007600000Grade: 0.42Grade Unit: g/tContained Metal: 13500Contained Unit: kozView all detailsHide details
Identity
- Project
- Cadia
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:a0ea8b9d1cbaf6fcaf8f
- Deposit or zone
- Cadia
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1007600000
- Grade
- 0.42
- Grade Unit
- g/t
- Contained Metal
- 13500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 1051800000
- Prior Grade
- 0.42
- Prior Contained Metal
- 14100
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Cadia gold probable reserves show a decrease in tonnes and contained ounces, primarily due to depletion and negative revisions, indicating a reduction in the reserve base.
Positive factors
- High metallurgical recovery
Negative factors
- Decrease in probable reserve tonnes and contained metal compared to prior year
Evidence · table
“1,007,600”
Context: Cadia, Australia
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 1007600000 against 1051800000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 13500 against 14100 previously
provenTanami · goldTonnes: 10100000Grade: 4.88Grade Unit: g/tContained Metal: 1600Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:2b79dda4a753c5eaa8e2
- Deposit or zone
- Tanami
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 10100000
- Grade
- 4.88
- Grade Unit
- g/t
- Contained Metal
- 1600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Tanami's proven gold reserves are high-grade with exceptional metallurgical recovery, contributing positively to the project's value.
Positive factors
- High grade for proven reserves
- Exceptional metallurgical recovery
Evidence · table
“10,100”
Context: Tanami, Australia
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableTanami · goldTonnes: 22700000Grade: 5.1Grade Unit: g/tContained Metal: 3700Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:d4e5b87adef0a65e13d8
- Deposit or zone
- Tanami
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 22700000
- Grade
- 5.1
- Grade Unit
- g/t
- Contained Metal
- 3700
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Tanami's probable gold reserves are high-grade with exceptional metallurgical recovery, contributing positively to the project's value.
Positive factors
- High grade for probable reserves
- Exceptional metallurgical recovery
Evidence · table
“22,700”
Context: Tanami, Australia
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableTanami · goldTonnes: 32800000Grade: 5.03Grade Unit: g/tContained Metal: 5300Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:2ab1b3549441486e8f6f
- Deposit or zone
- Tanami
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 32800000
- Grade
- 5.03
- Grade Unit
- g/t
- Contained Metal
- 5300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 29900000
- Prior Grade
- 5.27
- Prior Contained Metal
- 5100
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Tanami gold reserves show an increase in tonnes and contained ounces, indicating growth for the project, despite a slight grade reduction, supported by exceptional metallurgical recovery.
Positive factors
- Increase in total probable reserve tonnes and contained metal compared to prior year
- Exceptional metallurgical recovery
Negative factors
- Decrease in grade compared to prior year
Evidence · table
“32,800”
Context: Tanami, Australia
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 5300 from 5100
provenBoddington · goldTonnes: 265300000Grade: 0.62Grade Unit: g/tContained Metal: 5300Contained Unit: kozView all detailsHide details
Identity
- Project
- Boddington
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:713e23ca36ab86bf3489
- Deposit or zone
- Boddington Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 265300000
- Grade
- 0.62
- Grade Unit
- g/t
- Contained Metal
- 5300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Boddington Open Pit proven gold reserves are of moderate grade with good metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“265,300”
Context: Boddington Open Pit
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableBoddington · goldTonnes: 216300000Grade: 0.58Grade Unit: g/tContained Metal: 4100Contained Unit: kozView all detailsHide details
Identity
- Project
- Boddington
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:92bfdc098d2430916285
- Deposit or zone
- Boddington Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 216300000
- Grade
- 0.58
- Grade Unit
- g/t
- Contained Metal
- 4100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Boddington Open Pit probable gold reserves are of moderate grade with good metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“216,300”
Context: Boddington Open Pit
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableBoddington · goldTonnes: 481700000Grade: 0.6Grade Unit: g/tContained Metal: 9300Contained Unit: kozView all detailsHide details
Identity
- Project
- Boddington
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:23ee1b627148d7cd0ebd
- Deposit or zone
- Boddington Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 481700000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 9300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 495700000
- Prior Grade
- 0.62
- Prior Contained Metal
- 9900
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Boddington Open Pit total probable gold reserves show a decrease in tonnes, grade, and contained ounces, indicating depletion and negative revisions.
Positive factors
- Moderate metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes, grade, and contained metal compared to prior year
Evidence · table
“481,700”
Context: Boddington Open Pit
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 481700000 against 495700000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 9300 against 9900 previously
provenBoddington · goldTonnes: 5600000Grade: 0.56Grade Unit: g/tContained Metal: 100Contained Unit: kozView all detailsHide details
Identity
- Project
- Boddington
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:14219091e845a367a0aa
- Deposit or zone
- Boddington Stockpiles
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 5600000
- Grade
- 0.56
- Grade Unit
- g/t
- Contained Metal
- 100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Boddington Stockpiles proven gold reserves are of moderate grade with good metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“5,600”
Context: Boddington Stockpiles
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableBoddington · goldTonnes: 57800000Grade: 0.43Grade Unit: g/tContained Metal: 800Contained Unit: kozView all detailsHide details
Identity
- Project
- Boddington
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:33316fd6cfac031db208
- Deposit or zone
- Boddington Stockpiles
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 57800000
- Grade
- 0.43
- Grade Unit
- g/t
- Contained Metal
- 800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Boddington Stockpiles probable gold reserves are of moderate grade with good metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“57,800”
Context: Boddington Stockpiles
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableBoddington · goldTonnes: 63400000Grade: 0.44Grade Unit: g/tContained Metal: 900Contained Unit: kozView all detailsHide details
Identity
- Project
- Boddington
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:4d3112c43d20de9ecc77
- Deposit or zone
- Boddington Stockpiles
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 63400000
- Grade
- 0.44
- Grade Unit
- g/t
- Contained Metal
- 900
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 64100000
- Prior Grade
- 0.43
- Prior Contained Metal
- 900
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Boddington Stockpiles total probable gold reserves show a slight decrease in tonnes, but contained ounces remain stable, indicating minor changes.
Positive factors
- Moderate metallurgical recovery
Negative factors
- Slight decrease in total probable reserve tonnes compared to prior year
Evidence · table
“63,400”
Context: Boddington Stockpiles
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 63400000 against 64100000 previously
provenBoddington · goldTonnes: 271000000Grade: 0.61Grade Unit: g/tContained Metal: 5400Contained Unit: kozView all detailsHide details
Identity
- Project
- Boddington
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:40b7099ac80dd1e0d4e8
- Deposit or zone
- Total Boddington
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 271000000
- Grade
- 0.61
- Grade Unit
- g/t
- Contained Metal
- 5400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Boddington proven gold reserves are of moderate grade with good metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“271,000”
Context: Total Boddington, Australia
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableBoddington · goldTonnes: 274100000Grade: 0.55Grade Unit: g/tContained Metal: 4900Contained Unit: kozView all detailsHide details
Identity
- Project
- Boddington
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:512a5925b0592c5a7ec2
- Deposit or zone
- Total Boddington
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 274100000
- Grade
- 0.55
- Grade Unit
- g/t
- Contained Metal
- 4900
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Boddington probable gold reserves are of moderate grade with good metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“274,100”
Context: Total Boddington, Australia
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableBoddington · goldTonnes: 545100000Grade: 0.58Grade Unit: g/tContained Metal: 10200Contained Unit: kozView all detailsHide details
Identity
- Project
- Boddington
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:d1ccdb1402f287505eda
- Deposit or zone
- Total Boddington
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 545100000
- Grade
- 0.58
- Grade Unit
- g/t
- Contained Metal
- 10200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 559800000
- Prior Grade
- 0.6
- Prior Contained Metal
- 10800
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Boddington gold reserves show a decrease in tonnes, grade, and contained ounces, indicating depletion and negative revisions.
Positive factors
- Moderate metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes, grade, and contained metal compared to prior year
Evidence · table
“545,100”
Context: Total Boddington, Australia
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 545100000 against 559800000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 10200 against 10800 previously
provenAhafo South · goldTonnes: 2500000Grade: 1.16Grade Unit: g/tContained Metal: 100Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:3a714d7dae2ca77b0da2
- Deposit or zone
- Ahafo South Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 2500000
- Grade
- 1.16
- Grade Unit
- g/t
- Contained Metal
- 100
- Contained Unit
- koz
- Cutoff Grade
- 0.49
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Open Pit proven gold reserves are of moderate grade with strong metallurgical recovery, supported by a disclosed cut-off grade.
Positive factors
- Moderate grade for open pit
- Strong metallurgical recovery
Evidence · table
“2,500”
Context: Ahafo South Open Pit
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableAhafo South · goldTonnes: 40900000Grade: 1.48Grade Unit: g/tContained Metal: 1900Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:1da05e9e105b2c7fc5fd
- Deposit or zone
- Ahafo South Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 40900000
- Grade
- 1.48
- Grade Unit
- g/t
- Contained Metal
- 1900
- Contained Unit
- koz
- Cutoff Grade
- 0.49
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Open Pit probable gold reserves are of moderate grade with strong metallurgical recovery, supported by a disclosed cut-off grade.
Positive factors
- Moderate grade for open pit
- Strong metallurgical recovery
Evidence · table
“40,900”
Context: Ahafo South Open Pit
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableAhafo South · goldTonnes: 43400000Grade: 1.46Grade Unit: g/tContained Metal: 2000Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:df6663e89ce1a31b5d25
- Deposit or zone
- Ahafo South Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 43400000
- Grade
- 1.46
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- koz
- Cutoff Grade
- 0.49
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 42000000
- Prior Grade
- 1.63
- Prior Contained Metal
- 2200
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Open Pit total probable gold reserves show an increase in tonnes but a decrease in grade and contained ounces, indicating some dilution or depletion effects.
Positive factors
- Increase in total probable reserve tonnes
- Strong metallurgical recovery
Negative factors
- Decrease in grade and contained metal compared to prior year
Evidence · table
“43,400”
Context: Ahafo South Open Pit
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.46 against 1.63 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 2000 against 2200 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 2000 from 2200
provenAhafo South · goldTonnes: 9400000Grade: 2.51Grade Unit: g/tContained Metal: 800Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:ea32edff2113ab5f0537
- Deposit or zone
- Ahafo South Underground
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 9400000
- Grade
- 2.51
- Grade Unit
- g/t
- Contained Metal
- 800
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Underground proven gold reserves are of moderate grade with exceptional metallurgical recovery, supported by a disclosed cut-off grade.
Positive factors
- Moderate grade for underground
- Exceptional metallurgical recovery
Evidence · table
“9,400”
Context: Ahafo South Underground
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableAhafo South · goldTonnes: 10000000Grade: 2.23Grade Unit: g/tContained Metal: 700Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:e4c0f451b9856acc5592
- Deposit or zone
- Ahafo South Underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 10000000
- Grade
- 2.23
- Grade Unit
- g/t
- Contained Metal
- 700
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Underground probable gold reserves are of moderate grade with exceptional metallurgical recovery, supported by a disclosed cut-off grade.
Positive factors
- Moderate grade for underground
- Exceptional metallurgical recovery
Evidence · table
“10,000”
Context: Ahafo South Underground
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableAhafo South · goldTonnes: 19400000Grade: 2.37Grade Unit: g/tContained Metal: 1500Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:3975d96fb76ad41a816e
- Deposit or zone
- Ahafo South Underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 19400000
- Grade
- 2.37
- Grade Unit
- g/t
- Contained Metal
- 1500
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 21300000
- Prior Grade
- 2.54
- Prior Contained Metal
- 1700
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Underground total probable gold reserves show a decrease in tonnes, grade, and contained ounces, indicating depletion and negative revisions.
Positive factors
- Exceptional metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes, grade, and contained metal compared to prior year
Evidence · table
“19,400”
Context: Ahafo South Underground
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 19400000 against 21300000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 2.37 against 2.54 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 1500 against 1700 previously
provenAhafo South · goldTonnes: 18500000Grade: 0.94Grade Unit: g/tContained Metal: 600Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:03df80f2a0dbda73a974
- Deposit or zone
- Ahafo South Stockpiles
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 18500000
- Grade
- 0.94
- Grade Unit
- g/t
- Contained Metal
- 600
- Contained Unit
- koz
- Cutoff Grade
- 0.48
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Stockpiles proven gold reserves are of moderate grade with strong metallurgical recovery, supported by a disclosed cut-off grade.
Positive factors
- Moderate grade for stockpiles
- Strong metallurgical recovery
Evidence · table
“18,500”
Context: Ahafo South Stockpiles
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
provenAhafo South · goldTonnes: 18500000Grade: 0.94Grade Unit: g/tContained Metal: 600Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:03df80f2a0dbda73a974
- Deposit or zone
- Ahafo South Stockpiles
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 18500000
- Grade
- 0.94
- Grade Unit
- g/t
- Contained Metal
- 600
- Contained Unit
- koz
- Cutoff Grade
- 0.48
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 21700000
- Prior Grade
- 0.97
- Prior Contained Metal
- 700
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Stockpiles total proven gold reserves show a decrease in tonnes, grade, and contained ounces, indicating depletion.
Positive factors
- Strong metallurgical recovery
Negative factors
- Decrease in total proven reserve tonnes, grade, and contained metal compared to prior year
Evidence · table
“18,500”
Context: Ahafo South Stockpiles
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 18500000 against 21700000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 600 against 700 previously
provenAhafo South · goldTonnes: 30400000Grade: 1.44Grade Unit: g/tContained Metal: 1400Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:a9fed5fb4af687ded0cc
- Deposit or zone
- Total Ahafo South
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 30400000
- Grade
- 1.44
- Grade Unit
- g/t
- Contained Metal
- 1400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo South proven gold reserves are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“30,400”
Context: Total Ahafo South, Ghana
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableAhafo South · goldTonnes: 50900000Grade: 1.63Grade Unit: g/tContained Metal: 2700Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:a4bf1d0445e2e99b82f5
- Deposit or zone
- Total Ahafo South
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 50900000
- Grade
- 1.63
- Grade Unit
- g/t
- Contained Metal
- 2700
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo South probable gold reserves are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“50,900”
Context: Total Ahafo South, Ghana
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableAhafo South · goldTonnes: 81300000Grade: 1.56Grade Unit: g/tContained Metal: 4100Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:92786b92db50fac68007
- Deposit or zone
- Total Ahafo South
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 81300000
- Grade
- 1.56
- Grade Unit
- g/t
- Contained Metal
- 4100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 85000000
- Prior Grade
- 1.69
- Prior Contained Metal
- 4600
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo South gold reserves show a decrease in tonnes, grade, and contained ounces, indicating depletion and negative revisions.
Positive factors
- Strong metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes, grade, and contained metal compared to prior year
Evidence · table
“81,300”
Context: Total Ahafo South, Ghana
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 81300000 against 85000000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.56 against 1.69 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 4100 against 4600 previously
probableAhafo North · goldTonnes: 65500000Grade: 2.23Grade Unit: g/tContained Metal: 4700Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo North
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:f6b0f497eb0c03e3cd52
- Deposit or zone
- Ahafo North
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 65500000
- Grade
- 2.23
- Grade Unit
- g/t
- Contained Metal
- 4700
- Contained Unit
- koz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 62000000
- Prior Grade
- 2.32
- Prior Contained Metal
- 4600
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo North gold probable reserves show an increase in tonnes and contained ounces, despite a slight decrease in grade, indicating growth for the project.
Positive factors
- Increase in total probable reserve tonnes and contained metal compared to prior year
- Strong metallurgical recovery
Negative factors
- Decrease in grade compared to prior year
Evidence · table
“65,500”
Context: Ahafo North, Ghana
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 4700 from 4600
provenAhafo Complex · goldTonnes: 30400000Grade: 1.44Grade Unit: g/tContained Metal: 1400Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo Complex
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:7943622255f53aa72e94
- Deposit or zone
- Total Ahafo Complex
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 30400000
- Grade
- 1.44
- Grade Unit
- g/t
- Contained Metal
- 1400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo Complex proven gold reserves are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“30,400”
Context: Total Ahafo Complex, Ghana
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableAhafo Complex · goldTonnes: 116500000Grade: 1.97Grade Unit: g/tContained Metal: 7400Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo Complex
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:0a00eab6fef8752ed2d4
- Deposit or zone
- Total Ahafo Complex
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 116500000
- Grade
- 1.97
- Grade Unit
- g/t
- Contained Metal
- 7400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo Complex probable gold reserves are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“116,500”
Context: Total Ahafo Complex, Ghana
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableAhafo Complex · goldTonnes: 146900000Grade: 1.86Grade Unit: g/tContained Metal: 8800Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo Complex
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:06fe960d157f9a415a62
- Deposit or zone
- Total Ahafo Complex
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 146900000
- Grade
- 1.86
- Grade Unit
- g/t
- Contained Metal
- 8800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 147000000
- Prior Grade
- 1.96
- Prior Contained Metal
- 9200
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo Complex gold reserves show a slight decrease in tonnes, grade, and contained ounces, indicating minor depletion or negative revisions.
Positive factors
- Strong metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes, grade, and contained metal compared to prior year
Evidence · table
“146,900”
Context: Total Ahafo Complex, Ghana
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.86 against 1.96 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 8800 against 9200 previously
provenMerian · goldTonnes: 24800000Grade: 1.21Grade Unit: g/tContained Metal: 1000Contained Unit: kozView all detailsHide details
Identity
- Project
- Merian
- Commodity
- gold
- Region
- suriname
- Reported Region
- Suriname
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:a3afabcbc479c32dc52f
- Deposit or zone
- Merian
- Ownership percent
- 75 %
Resource Data
- Category
- proven
- Tonnes
- 24800000
- Grade
- 1.21
- Grade Unit
- g/t
- Contained Metal
- 1000
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Merian proven gold reserves are of moderate grade with exceptional metallurgical recovery.
Positive factors
- Moderate grade
- Exceptional metallurgical recovery
Evidence · table
“24,800”
Context: Merian, Suriname
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableMerian · goldTonnes: 104600000Grade: 1.06Grade Unit: g/tContained Metal: 3600Contained Unit: kozView all detailsHide details
Identity
- Project
- Merian
- Commodity
- gold
- Region
- suriname
- Reported Region
- Suriname
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:4e5e02bc0fd1250fa450
- Deposit or zone
- Merian
- Ownership percent
- 75 %
Resource Data
- Category
- probable
- Tonnes
- 104600000
- Grade
- 1.06
- Grade Unit
- g/t
- Contained Metal
- 3600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Merian probable gold reserves are of moderate grade with exceptional metallurgical recovery.
Positive factors
- Moderate grade
- Exceptional metallurgical recovery
Evidence · table
“104,600”
Context: Merian, Suriname
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableMerian · goldTonnes: 129400000Grade: 1.09Grade Unit: g/tContained Metal: 4500Contained Unit: kozView all detailsHide details
Identity
- Project
- Merian
- Commodity
- gold
- Region
- suriname
- Reported Region
- Suriname
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:838cc0b64fc231b8b34b
- Deposit or zone
- Merian
- Ownership percent
- 75 %
Resource Data
- Category
- probable
- Tonnes
- 129400000
- Grade
- 1.09
- Grade Unit
- g/t
- Contained Metal
- 4500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 110700000
- Prior Grade
- 1.16
- Prior Contained Metal
- 4100
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Merian gold reserves show an increase in tonnes and contained ounces, indicating growth for the project, despite a slight grade reduction, supported by exceptional metallurgical recovery.
Positive factors
- Increase in total probable reserve tonnes and contained metal compared to prior year
- Exceptional metallurgical recovery
Negative factors
- Decrease in grade compared to prior year
Evidence · table
“129,400”
Context: Merian, Suriname
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 129400000 against 110700000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.09 against 1.16 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 4500 against 4100 previously
provenCerro Negro · goldTonnes: 2200000Grade: 11.2Grade Unit: g/tContained Metal: 800Contained Unit: kozView all detailsHide details
Identity
- Project
- Cerro Negro
- Commodity
- gold
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:4ed5189e18108c0588c0
- Deposit or zone
- Cerro Negro
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 2200000
- Grade
- 11.2
- Grade Unit
- g/t
- Contained Metal
- 800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Cerro Negro proven gold reserves are high-grade with exceptional metallurgical recovery, contributing positively to the project's value.
Positive factors
- High grade for proven reserves
- Exceptional metallurgical recovery
Evidence · table
“2,200”
Context: Cerro Negro, Argentina
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableCerro Negro · goldTonnes: 6800000Grade: 10.38Grade Unit: g/tContained Metal: 2300Contained Unit: kozView all detailsHide details
Identity
- Project
- Cerro Negro
- Commodity
- gold
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:9586991818b31e613505
- Deposit or zone
- Cerro Negro
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 6800000
- Grade
- 10.38
- Grade Unit
- g/t
- Contained Metal
- 2300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Cerro Negro probable gold reserves are high-grade with exceptional metallurgical recovery, contributing positively to the project's value.
Positive factors
- High grade for probable reserves
- Exceptional metallurgical recovery
Evidence · table
“6,800”
Context: Cerro Negro, Argentina
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableCerro Negro · goldTonnes: 9000000Grade: 10.58Grade Unit: g/tContained Metal: 3000Contained Unit: kozView all detailsHide details
Identity
- Project
- Cerro Negro
- Commodity
- gold
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:186e151de7a23b33467f
- Deposit or zone
- Cerro Negro
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9000000
- Grade
- 10.58
- Grade Unit
- g/t
- Contained Metal
- 3000
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 9300000
- Prior Grade
- 10.82
- Prior Contained Metal
- 3200
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Cerro Negro gold reserves show a decrease in tonnes, grade, and contained ounces, indicating depletion and negative revisions.
Positive factors
- Exceptional metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes, grade, and contained metal compared to prior year
Evidence · table
“9,000”
Context: Cerro Negro, Argentina
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 9000000 against 9300000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 3000 against 3200 previously
provenPueblo Viejo · goldTonnes: 35800000Grade: 2.22Grade Unit: g/tContained Metal: 2600Contained Unit: kozView all detailsHide details
Identity
- Project
- Pueblo Viejo
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:23e56c18c41bb9fc3852
- Deposit or zone
- Pueblo Viejo Open Pit
- Ownership percent
- 40 %
Resource Data
- Category
- proven
- Tonnes
- 35800000
- Grade
- 2.22
- Grade Unit
- g/t
- Contained Metal
- 2600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Pueblo Viejo Open Pit proven gold reserves are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade for open pit
- Strong metallurgical recovery
Evidence · table
“35,800”
Context: Pueblo Viejo Open Pit
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probablePueblo Viejo · goldTonnes: 51300000Grade: 1.95Grade Unit: g/tContained Metal: 3200Contained Unit: kozView all detailsHide details
Identity
- Project
- Pueblo Viejo
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:d9d19b3b09f416de376e
- Deposit or zone
- Pueblo Viejo Open Pit
- Ownership percent
- 40 %
Resource Data
- Category
- probable
- Tonnes
- 51300000
- Grade
- 1.95
- Grade Unit
- g/t
- Contained Metal
- 3200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Pueblo Viejo Open Pit probable gold reserves are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade for open pit
- Strong metallurgical recovery
Evidence · table
“51,300”
Context: Pueblo Viejo Open Pit
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probablePueblo Viejo · goldTonnes: 87100000Grade: 2.06Grade Unit: g/tContained Metal: 5800Contained Unit: kozView all detailsHide details
Identity
- Project
- Pueblo Viejo
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:ec6113ed690dcf652a1b
- Deposit or zone
- Pueblo Viejo Open Pit
- Ownership percent
- 40 %
Resource Data
- Category
- probable
- Tonnes
- 87100000
- Grade
- 2.06
- Grade Unit
- g/t
- Contained Metal
- 5800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 81700000
- Prior Grade
- 2.13
- Prior Contained Metal
- 5600
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Pueblo Viejo Open Pit total probable gold reserves show an increase in tonnes and contained ounces, despite a slight decrease in grade, indicating growth for the project.
Positive factors
- Increase in total probable reserve tonnes and contained metal compared to prior year
- Strong metallurgical recovery
Negative factors
- Decrease in grade compared to prior year
Evidence · table
“87,100”
Context: Pueblo Viejo Open Pit
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 5800 from 5600
probablePueblo Viejo · goldTonnes: 36900000Grade: 2.04Grade Unit: g/tContained Metal: 2400Contained Unit: kozView all detailsHide details
Identity
- Project
- Pueblo Viejo
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:26bf3dca3700b17f0f87
- Deposit or zone
- Pueblo Viejo Stockpiles
- Ownership percent
- 40 %
Resource Data
- Category
- probable
- Tonnes
- 36900000
- Grade
- 2.04
- Grade Unit
- g/t
- Contained Metal
- 2400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 38800000
- Prior Grade
- 2.07
- Prior Contained Metal
- 2600
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Pueblo Viejo Stockpiles total probable gold reserves show a decrease in tonnes, grade, and contained ounces, indicating depletion.
Positive factors
- Strong metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes, grade, and contained metal compared to prior year
Evidence · table
“36,900”
Context: Pueblo Viejo Stockpiles
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 36900000 against 38800000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 2400 against 2600 previously
provenPueblo Viejo · goldTonnes: 35800000Grade: 2.22Grade Unit: g/tContained Metal: 2600Contained Unit: kozView all detailsHide details
Identity
- Project
- Pueblo Viejo
- Commodity
- gold
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:633de90490b1f0185eef
- Deposit or zone
- Total Pueblo Viejo
- Ownership percent
- 40 %
Resource Data
- Category
- proven
- Tonnes
- 35800000
- Grade
- 2.22
- Grade Unit
- g/t
- Contained Metal
- 2600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Pueblo Viejo proven gold reserves are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“35,800”
Context: Total Pueblo Viejo, Dominican Republic
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probablePueblo Viejo · goldTonnes: 88200000Grade: 1.99Grade Unit: g/tContained Metal: 5600Contained Unit: kozView all detailsHide details
Identity
- Project
- Pueblo Viejo
- Commodity
- gold
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:1320c09b7cb82b938cf6
- Deposit or zone
- Total Pueblo Viejo
- Ownership percent
- 40 %
Resource Data
- Category
- probable
- Tonnes
- 88200000
- Grade
- 1.99
- Grade Unit
- g/t
- Contained Metal
- 5600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Pueblo Viejo probable gold reserves are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“88,200”
Context: Total Pueblo Viejo, Dominican Republic
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probablePueblo Viejo · goldTonnes: 123900000Grade: 2.06Grade Unit: g/tContained Metal: 8200Contained Unit: kozView all detailsHide details
Identity
- Project
- Pueblo Viejo
- Commodity
- gold
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:ff0ba5c3aa850c679972
- Deposit or zone
- Total Pueblo Viejo
- Ownership percent
- 40 %
Resource Data
- Category
- probable
- Tonnes
- 123900000
- Grade
- 2.06
- Grade Unit
- g/t
- Contained Metal
- 8200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 120500000
- Prior Grade
- 2.11
- Prior Contained Metal
- 8200
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Pueblo Viejo gold reserves show an increase in tonnes, but contained ounces remained flat due to a decrease in grade, indicating some dilution.
Positive factors
- Increase in total probable reserve tonnes
- Strong metallurgical recovery
Negative factors
- Decrease in grade compared to prior year
- Contained metal remained flat despite tonnage increase
Evidence · table
“123,900”
Context: Total Pueblo Viejo, Dominican Republic
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 8200 from 8200
probableNuevaUnión · goldTonnes: 341100000Grade: 0.47Grade Unit: g/tContained Metal: 5100Contained Unit: kozView all detailsHide details
Identity
- Project
- NuevaUnión
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:ef653ea3a8cead51d3df
- Deposit or zone
- NuevaUnión
- Ownership percent
- 50 %
Resource Data
- Category
- probable
- Tonnes
- 341100000
- Grade
- 0.47
- Grade Unit
- g/t
- Contained Metal
- 5100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 341100000
- Prior Grade
- 0.47
- Prior Contained Metal
- 5100
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: NuevaUnión gold probable reserves remain unchanged from the prior year, indicating stability but no growth for this undeveloped project.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“341,100”
Context: NuevaUnión, Chile
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableNorte Abierto · goldTonnes: 521100000Grade: 0.65Grade Unit: g/tContained Metal: 10800Contained Unit: kozView all detailsHide details
Identity
- Project
- Norte Abierto
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:bedfc0829657c800113e
- Deposit or zone
- Norte Abierto
- Ownership percent
- 50 %
Resource Data
- Category
- probable
- Tonnes
- 521100000
- Grade
- 0.65
- Grade Unit
- g/t
- Contained Metal
- 10800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 598800000
- Prior Grade
- 0.6
- Prior Contained Metal
- 11600
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Norte Abierto gold probable reserves show a decrease in tonnes and contained ounces, indicating a reduction in the reserve base for this undeveloped project.
Positive factors
- Strong metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes and contained metal compared to prior year
Evidence · table
“521,100”
Context: Norte Abierto, Chile
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 521100000 against 598800000 previously
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: 0.65 against 0.6 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 10800 against 11600 previously
provenYanacocha · goldTonnes: 18800000Grade: 0.81Grade Unit: g/tContained Metal: 500Contained Unit: kozView all detailsHide details
Identity
- Project
- Yanacocha
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:2f99116a872c277883a1
- Deposit or zone
- Yanacocha
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 18800000
- Grade
- 0.81
- Grade Unit
- g/t
- Contained Metal
- 500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Yanacocha proven gold reserves are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“18,800”
Context: Yanacocha, Peru
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
provenYanacocha · goldTonnes: 18800000Grade: 0.81Grade Unit: g/tContained Metal: 500Contained Unit: kozView all detailsHide details
Identity
- Project
- Yanacocha
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:2f99116a872c277883a1
- Deposit or zone
- Yanacocha
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 18800000
- Grade
- 0.81
- Grade Unit
- g/t
- Contained Metal
- 500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 126400000
- Prior Grade
- 1.31
- Prior Contained Metal
- 5300
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Yanacocha gold reserves show a significant decrease in tonnes, grade, and contained ounces, primarily due to the reclassification of the Yanacocha Sulfides project reserves to resources, indicating a major reduction in the reserve base.
Positive factors
- Moderate metallurgical recovery
Negative factors
- Significant decrease in total proven reserve tonnes, grade, and contained metal compared to prior year
- Reclassification of Yanacocha Sulfides project reserves to resources
Evidence · table
“18,800”
Context: Yanacocha, Peru
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 18800000 against 126400000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.81 against 1.31 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 500 against 5300 previously
provenPeñasquito · goldTonnes: 79500000Grade: 0.54Grade Unit: g/tContained Metal: 1400Contained Unit: kozView all detailsHide details
Identity
- Project
- Peñasquito
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:b44671eba453d353f5ea
- Deposit or zone
- Peñasquito Open Pits
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 79500000
- Grade
- 0.54
- Grade Unit
- g/t
- Contained Metal
- 1400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Peñasquito Open Pits proven gold reserves are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“79,500”
Context: Peñasquito Open Pits
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probablePeñasquito · goldTonnes: 114800000Grade: 0.44Grade Unit: g/tContained Metal: 1600Contained Unit: kozView all detailsHide details
Identity
- Project
- Peñasquito
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:cacc1351e91fce297b1a
- Deposit or zone
- Peñasquito Open Pits
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 114800000
- Grade
- 0.44
- Grade Unit
- g/t
- Contained Metal
- 1600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Peñasquito Open Pits probable gold reserves are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“114,800”
Context: Peñasquito Open Pits
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probablePeñasquito · goldTonnes: 194300000Grade: 0.48Grade Unit: g/tContained Metal: 3000Contained Unit: kozView all detailsHide details
Identity
- Project
- Peñasquito
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:f7ee2ff0be74ee5e44f4
- Deposit or zone
- Peñasquito Open Pits
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 194300000
- Grade
- 0.48
- Grade Unit
- g/t
- Contained Metal
- 3000
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 224700000
- Prior Grade
- 0.52
- Prior Contained Metal
- 3800
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Peñasquito Open Pits total probable gold reserves show a decrease in tonnes, grade, and contained ounces, indicating depletion and negative revisions.
Positive factors
- Moderate metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes, grade, and contained metal compared to prior year
Evidence · table
“194,300”
Context: Peñasquito Open Pits
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 194300000 against 224700000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.48 against 0.52 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 3000 against 3800 previously
provenPeñasquito · goldTonnes: 4900000Grade: 0.44Grade Unit: g/tContained Metal: 100Contained Unit: kozView all detailsHide details
Identity
- Project
- Peñasquito
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:778b0eca25f5d06c9ed8
- Deposit or zone
- Peñasquito Stockpiles
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 4900000
- Grade
- 0.44
- Grade Unit
- g/t
- Contained Metal
- 100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Peñasquito Stockpiles proven gold reserves are of moderate grade but with weak metallurgical recovery.
Negative factors
- Weak metallurgical recovery
Evidence · table
“4,900”
Context: Peñasquito Stockpiles
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probablePeñasquito · goldTonnes: 21800000Grade: 0.21Grade Unit: g/tContained Metal: 100Contained Unit: kozView all detailsHide details
Identity
- Project
- Peñasquito
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:71cbf4f04723e92db5f8
- Deposit or zone
- Peñasquito Stockpiles
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 21800000
- Grade
- 0.21
- Grade Unit
- g/t
- Contained Metal
- 100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Peñasquito Stockpiles probable gold reserves are of low grade with weak metallurgical recovery.
Negative factors
- Weak metallurgical recovery
Evidence · table
“21,800”
Context: Peñasquito Stockpiles
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probablePeñasquito · goldTonnes: 26700000Grade: 0.25Grade Unit: g/tContained Metal: 200Contained Unit: kozView all detailsHide details
Identity
- Project
- Peñasquito
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:dee1d399b454c90fbecb
- Deposit or zone
- Peñasquito Stockpiles
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 26700000
- Grade
- 0.25
- Grade Unit
- g/t
- Contained Metal
- 200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 32000000
- Prior Grade
- 0.26
- Prior Contained Metal
- 300
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Peñasquito Stockpiles total probable gold reserves show a decrease in tonnes, grade, and contained ounces, indicating depletion and negative revisions, coupled with weak metallurgical recovery.
Negative factors
- Decrease in total probable reserve tonnes, grade, and contained metal compared to prior year
- Weak metallurgical recovery
Evidence · table
“26,700”
Context: Peñasquito Stockpiles
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 26700000 against 32000000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 200 against 300 previously
provenPeñasquito · goldTonnes: 84400000Grade: 0.53Grade Unit: g/tContained Metal: 1400Contained Unit: kozView all detailsHide details
Identity
- Project
- Peñasquito
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:02b82351f2d304642446
- Deposit or zone
- Total Peñasquito
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 84400000
- Grade
- 0.53
- Grade Unit
- g/t
- Contained Metal
- 1400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Peñasquito proven gold reserves are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“84,400”
Context: Total Peñasquito, Mexico
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probablePeñasquito · goldTonnes: 136600000Grade: 0.4Grade Unit: g/tContained Metal: 1800Contained Unit: kozView all detailsHide details
Identity
- Project
- Peñasquito
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:ad8751d7fcbac5cb45dd
- Deposit or zone
- Total Peñasquito
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 136600000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 1800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Peñasquito probable gold reserves are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“136,600”
Context: Total Peñasquito, Mexico
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probablePeñasquito · goldTonnes: 221000000Grade: 0.45Grade Unit: g/tContained Metal: 3200Contained Unit: kozView all detailsHide details
Identity
- Project
- Peñasquito
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:2aa4013a949d7eeef748
- Deposit or zone
- Total Peñasquito
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 221000000
- Grade
- 0.45
- Grade Unit
- g/t
- Contained Metal
- 3200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 256600000
- Prior Grade
- 0.49
- Prior Contained Metal
- 4100
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Peñasquito gold reserves show a decrease in tonnes, grade, and contained ounces, indicating depletion and negative revisions.
Positive factors
- Moderate metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes, grade, and contained metal compared to prior year
Evidence · table
“221,000”
Context: Total Peñasquito, Mexico
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 221000000 against 256600000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.45 against 0.49 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 3200 against 4100 previously
provenRed Chris · goldTonnes: 2600000Grade: 0.32Grade Unit: g/tContained Unit: kozView all detailsHide details
Identity
- Project
- Red Chris
- Commodity
- gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:dc93a158e293bf5e9cc5
- Deposit or zone
- Red Chris
- Ownership percent
- 70 %
Resource Data
- Category
- proven
- Tonnes
- 2600000
- Grade
- 0.32
- Grade Unit
- g/t
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Red Chris proven gold reserves are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“2,600”
Context: Red Chris, Canada
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableRed Chris · goldTonnes: 178900000Grade: 0.63Grade Unit: g/tContained Metal: 3600Contained Unit: kozView all detailsHide details
Identity
- Project
- Red Chris
- Commodity
- gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:bdcffbc428b47551f56e
- Deposit or zone
- Red Chris
- Ownership percent
- 70 %
Resource Data
- Category
- probable
- Tonnes
- 178900000
- Grade
- 0.63
- Grade Unit
- g/t
- Contained Metal
- 3600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Red Chris probable gold reserves are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate grade
- Moderate metallurgical recovery
Evidence · table
“178,900”
Context: Red Chris, Canada
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableRed Chris · goldTonnes: 181500000Grade: 0.62Grade Unit: g/tContained Metal: 3600Contained Unit: kozView all detailsHide details
Identity
- Project
- Red Chris
- Commodity
- gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:b3ce8002d4822d6f0a71
- Deposit or zone
- Red Chris
- Ownership percent
- 70 %
Resource Data
- Category
- probable
- Tonnes
- 181500000
- Grade
- 0.62
- Grade Unit
- g/t
- Contained Metal
- 3600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 186400000
- Prior Grade
- 0.62
- Prior Contained Metal
- 3700
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Red Chris gold probable reserves show a slight decrease in tonnes and contained ounces, indicating minor depletion.
Positive factors
- Moderate metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes and contained metal compared to prior year
Evidence · table
“181,500”
Context: Red Chris, Canada
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 181500000 against 186400000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 3600 against 3700 previously
probableBrucejack · goldTonnes: 13500000Grade: 6.65Grade Unit: g/tContained Metal: 2900Contained Unit: kozView all detailsHide details
Identity
- Project
- Brucejack
- Commodity
- gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:98f0e67df301e0b11822
- Deposit or zone
- Brucejack
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 13500000
- Grade
- 6.65
- Grade Unit
- g/t
- Contained Metal
- 2900
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 8600000
- Prior Grade
- 6.95
- Prior Contained Metal
- 1900
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Brucejack gold probable reserves show a significant increase in tonnes and contained ounces, indicating growth for the project, despite a slight grade reduction, supported by exceptional metallurgical recovery.
Positive factors
- Significant increase in total probable reserve tonnes and contained metal compared to prior year
- High grade
- Exceptional metallurgical recovery
Negative factors
- Decrease in grade compared to prior year
Evidence · table
“13,500”
Context: Brucejack, Canada
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 13500000 against 8600000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 2900 against 1900 previously
probableNGM · goldTonnes: 131100000Grade: 1.02Grade Unit: g/tContained Metal: 4300Contained Unit: kozView all detailsHide details
Identity
- Project
- NGM
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:ad501e9d03f05f48286b
- Deposit or zone
- NGM Open Pit
- Ownership percent
- 38.5 %
Resource Data
- Category
- probable
- Tonnes
- 131100000
- Grade
- 1.02
- Grade Unit
- g/t
- Contained Metal
- 4300
- Contained Unit
- koz
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 124200000
- Prior Grade
- 1.16
- Prior Contained Metal
- 4600
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: NGM Open Pit gold probable reserves show an increase in tonnes but a decrease in grade and contained ounces, indicating some dilution or depletion effects.
Positive factors
- Increase in total probable reserve tonnes
- Moderate metallurgical recovery
Negative factors
- Decrease in grade and contained metal compared to prior year
Evidence · table
“131,100”
Context: NGM Open Pit
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.02 against 1.16 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 4300 against 4600 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 4300 from 4600
provenNGM · goldTonnes: 6800000Grade: 1.29Grade Unit: g/tContained Metal: 300Contained Unit: kozView all detailsHide details
Identity
- Project
- NGM
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:9d415dac378c8bbcb4c5
- Deposit or zone
- NGM Stockpiles
- Ownership percent
- 38.5 %
Resource Data
- Category
- proven
- Tonnes
- 6800000
- Grade
- 1.29
- Grade Unit
- g/t
- Contained Metal
- 300
- Contained Unit
- koz
- Cutoff Grade
- 0.44
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: NGM Stockpiles proven gold reserves are of moderate grade with moderate metallurgical recovery, supported by a disclosed cut-off grade.
Positive factors
- Moderate grade
- Moderate metallurgical recovery
Evidence · table
“6,800”
Context: NGM Stockpiles
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableNGM · goldTonnes: 20800000Grade: 2.35Grade Unit: g/tContained Metal: 1600Contained Unit: kozView all detailsHide details
Identity
- Project
- NGM
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:cecb29f533fcb1bd2cda
- Deposit or zone
- NGM Stockpiles
- Ownership percent
- 38.5 %
Resource Data
- Category
- probable
- Tonnes
- 20800000
- Grade
- 2.35
- Grade Unit
- g/t
- Contained Metal
- 1600
- Contained Unit
- koz
- Cutoff Grade
- 0.44
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: NGM Stockpiles probable gold reserves are of moderate grade with moderate metallurgical recovery, supported by a disclosed cut-off grade.
Positive factors
- Moderate grade
- Moderate metallurgical recovery
Evidence · table
“20,800”
Context: NGM Stockpiles
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableNGM · goldTonnes: 27600000Grade: 2.09Grade Unit: g/tContained Metal: 1800Contained Unit: kozView all detailsHide details
Identity
- Project
- NGM
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:23a232473bb8aa50e916
- Deposit or zone
- NGM Stockpiles
- Ownership percent
- 38.5 %
Resource Data
- Category
- probable
- Tonnes
- 27600000
- Grade
- 2.09
- Grade Unit
- g/t
- Contained Metal
- 1800
- Contained Unit
- koz
- Cutoff Grade
- 0.44
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 29200000
- Prior Grade
- 2.08
- Prior Contained Metal
- 2000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: NGM Stockpiles total probable gold reserves show a decrease in tonnes and contained ounces, indicating depletion.
Positive factors
- Moderate metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes and contained metal compared to prior year
Evidence · table
“27,600”
Context: NGM Stockpiles
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 27600000 against 29200000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 1800 against 2000 previously
provenNGM · goldTonnes: 4200000Grade: 11.67Grade Unit: g/tContained Metal: 1600Contained Unit: kozView all detailsHide details
Identity
- Project
- NGM
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:a1f219c9cd01f12c9e75
- Deposit or zone
- NGM Underground
- Ownership percent
- 38.5 %
Resource Data
- Category
- proven
- Tonnes
- 4200000
- Grade
- 11.67
- Grade Unit
- g/t
- Contained Metal
- 1600
- Contained Unit
- koz
- Cutoff Grade
- 3.34
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: NGM Underground proven gold reserves are high-grade with strong metallurgical recovery, supported by a disclosed cut-off grade.
Positive factors
- High grade for proven reserves
- Strong metallurgical recovery
Evidence · table
“4,200”
Context: NGM Underground
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableNGM · goldTonnes: 37900000Grade: 7.93Grade Unit: g/tContained Metal: 9700Contained Unit: kozView all detailsHide details
Identity
- Project
- NGM
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:e0f42c88179839a5f5f1
- Deposit or zone
- NGM Underground
- Ownership percent
- 38.5 %
Resource Data
- Category
- probable
- Tonnes
- 37900000
- Grade
- 7.93
- Grade Unit
- g/t
- Contained Metal
- 9700
- Contained Unit
- koz
- Cutoff Grade
- 3.34
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: NGM Underground probable gold reserves are high-grade with strong metallurgical recovery, supported by a disclosed cut-off grade.
Positive factors
- High grade for probable reserves
- Strong metallurgical recovery
Evidence · table
“37,900”
Context: NGM Underground
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableNGM · goldTonnes: 42100000Grade: 8.3Grade Unit: g/tContained Metal: 11200Contained Unit: kozView all detailsHide details
Identity
- Project
- NGM
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:83ebfc49bdb7d148129d
- Deposit or zone
- NGM Underground
- Ownership percent
- 38.5 %
Resource Data
- Category
- probable
- Tonnes
- 42100000
- Grade
- 8.3
- Grade Unit
- g/t
- Contained Metal
- 11200
- Contained Unit
- koz
- Cutoff Grade
- 3.34
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 43700000
- Prior Grade
- 8.06
- Prior Contained Metal
- 11300
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: NGM Underground gold probable reserves show a slight decrease in tonnes and contained ounces, indicating minor depletion, despite high grades and strong metallurgical recovery.
Positive factors
- High grade
- Strong metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes and contained metal compared to prior year
Evidence · table
“42,100”
Context: NGM Underground
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 42100000 against 43700000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 11200 against 11300 previously
provenNGM · goldTonnes: 10900000Grade: 5.24Grade Unit: g/tContained Metal: 1800Contained Unit: kozView all detailsHide details
Identity
- Project
- NGM
- Commodity
- gold
- Region
- usa
- Reported Region
- United States
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:e58b33c84637d520b3ce
- Deposit or zone
- Total NGM
- Ownership percent
- 38.5 %
Resource Data
- Category
- proven
- Tonnes
- 10900000
- Grade
- 5.24
- Grade Unit
- g/t
- Contained Metal
- 1800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total NGM proven gold reserves are high-grade with strong metallurgical recovery.
Positive factors
- High grade for proven reserves
- Strong metallurgical recovery
Evidence · table
“10,900”
Context: Total NGM, United States
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableNGM · goldTonnes: 189800000Grade: 2.54Grade Unit: g/tContained Metal: 15500Contained Unit: kozView all detailsHide details
Identity
- Project
- NGM
- Commodity
- gold
- Region
- usa
- Reported Region
- United States
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:2a71083efd1343a35327
- Deposit or zone
- Total NGM
- Ownership percent
- 38.5 %
Resource Data
- Category
- probable
- Tonnes
- 189800000
- Grade
- 2.54
- Grade Unit
- g/t
- Contained Metal
- 15500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total NGM probable gold reserves are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“189,800”
Context: Total NGM, United States
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableNGM · goldTonnes: 200700000Grade: 2.69Grade Unit: g/tContained Metal: 17400Contained Unit: kozView all detailsHide details
Identity
- Project
- NGM
- Commodity
- gold
- Region
- usa
- Reported Region
- United States
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:9aaabc0c24888ec10194
- Deposit or zone
- Total NGM
- Ownership percent
- 38.5 %
Resource Data
- Category
- probable
- Tonnes
- 200700000
- Grade
- 2.69
- Grade Unit
- g/t
- Contained Metal
- 17400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 197100000
- Prior Grade
- 2.82
- Prior Contained Metal
- 17900
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total NGM gold probable reserves show an increase in tonnes but a decrease in grade and contained ounces, indicating some dilution or depletion effects.
Positive factors
- Increase in total probable reserve tonnes
- Strong metallurgical recovery
Negative factors
- Decrease in grade and contained metal compared to prior year
Evidence · table
“200,700”
Context: Total NGM, United States
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 17400 against 17900 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 17400 from 17900
probableCC&V · goldTonnes: 115600000Grade: 0.43Grade Unit: g/tContained Metal: 1600Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:70650786bad79c463dae
- Deposit or zone
- CC&V Open Pit
Resource Data
- Category
- probable
- Tonnes
- 115600000
- Grade
- 0.43
- Grade Unit
- g/t
- Contained Metal
- 1600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-12-31T00:00:00.000Z
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Historical gold reserves for CC&V Open Pit, which was divested in 2025.
Negative factors
- Asset divested in 2025
Evidence · table
“115,600”
Context: CC&V Open Pit
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableCC&V · goldTonnes: 34600000Grade: 0.73Grade Unit: g/tContained Metal: 800Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:e6cdbd1dacc15e829e63
- Deposit or zone
- CC&V Leach Pads
Resource Data
- Category
- probable
- Tonnes
- 34600000
- Grade
- 0.73
- Grade Unit
- g/t
- Contained Metal
- 800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-12-31T00:00:00.000Z
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Historical gold reserves for CC&V Leach Pads, which was divested in 2025.
Negative factors
- Asset divested in 2025
Evidence · table
“34,600”
Context: CC&V Leach Pads
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableCC&V · goldTonnes: 150200000Grade: 0.5Grade Unit: g/tContained Metal: 2400Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Region
- usa
- Reported Region
- United States
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:d8ba07860357f883fa5d
- Deposit or zone
- Total CC&V
Resource Data
- Category
- probable
- Tonnes
- 150200000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 2400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-12-31T00:00:00.000Z
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Historical total gold reserves for CC&V, which was divested in 2025.
Negative factors
- Asset divested in 2025
Evidence · table
“150,200”
Context: Total CC&V, United States
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableMusselwhite · goldTonnes: 7400000Grade: 6.43Grade Unit: g/tContained Metal: 1500Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Musselwhite
- Commodity
- gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:5aaf14d2c31a13d69aee
- Deposit or zone
- Musselwhite
Resource Data
- Category
- probable
- Tonnes
- 7400000
- Grade
- 6.43
- Grade Unit
- g/t
- Contained Metal
- 1500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-12-31T00:00:00.000Z
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Historical gold reserves for Musselwhite, which was divested in 2025.
Negative factors
- Asset divested in 2025
Evidence · table
“7,400”
Context: Musselwhite, Canada
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probablePorcupine · goldTonnes: 4400000Grade: 6.46Grade Unit: g/tContained Metal: 900Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Porcupine
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:d4497b6fb354d729628a
- Deposit or zone
- Porcupine Underground
Resource Data
- Category
- probable
- Tonnes
- 4400000
- Grade
- 6.46
- Grade Unit
- g/t
- Contained Metal
- 900
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-12-31T00:00:00.000Z
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Historical gold reserves for Porcupine Underground, which was divested in 2025.
Negative factors
- Asset divested in 2025
Evidence · table
“4,400”
Context: Porcupine Underground
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probablePorcupine · goldTonnes: 30600000Grade: 1.46Grade Unit: g/tContained Metal: 1500Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Porcupine
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:36e92f477285b4147ec8
- Deposit or zone
- Porcupine Open Pit
Resource Data
- Category
- probable
- Tonnes
- 30600000
- Grade
- 1.46
- Grade Unit
- g/t
- Contained Metal
- 1500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-12-31T00:00:00.000Z
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Historical gold reserves for Porcupine Open Pit, which was divested in 2025.
Negative factors
- Asset divested in 2025
Evidence · table
“30,600”
Context: Porcupine Open Pit
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probablePorcupine · goldTonnes: 34900000Grade: 2.09Grade Unit: g/tContained Metal: 2300Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Porcupine
- Commodity
- gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:663672b3a5de676a5148
- Deposit or zone
- Total Porcupine
Resource Data
- Category
- probable
- Tonnes
- 34900000
- Grade
- 2.09
- Grade Unit
- g/t
- Contained Metal
- 2300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-12-31T00:00:00.000Z
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Historical total gold reserves for Porcupine, which was divested in 2025.
Negative factors
- Asset divested in 2025
Evidence · table
“34,900”
Context: Total Porcupine, Canada
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableÉléonore · goldTonnes: 10100000Grade: 5.05Grade Unit: g/tContained Metal: 1600Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Éléonore
- Commodity
- gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:ac5026b3a08baf454b88
- Deposit or zone
- Éléonore
Resource Data
- Category
- probable
- Tonnes
- 10100000
- Grade
- 5.05
- Grade Unit
- g/t
- Contained Metal
- 1600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-12-31T00:00:00.000Z
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Historical gold reserves for Éléonore, which was divested in 2025.
Negative factors
- Asset divested in 2025
Evidence · table
“10,100”
Context: Éléonore, Canada
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableAkyem · goldTonnes: 18200000Grade: 1.54Grade Unit: g/tContained Metal: 900Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Akyem
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:48eefd51addf45560a53
- Deposit or zone
- Akyem Open Pit
Resource Data
- Category
- probable
- Tonnes
- 18200000
- Grade
- 1.54
- Grade Unit
- g/t
- Contained Metal
- 900
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-12-31T00:00:00.000Z
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Historical gold reserves for Akyem Open Pit, which was divested in 2025.
Negative factors
- Asset divested in 2025
Evidence · table
“18,200”
Context: Akyem Open Pit
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableAkyem · goldTonnes: 700000Grade: 0.72Grade Unit: g/tContained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Akyem
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:1ad519699562d9f02481
- Deposit or zone
- Akyem Stockpiles
Resource Data
- Category
- probable
- Tonnes
- 700000
- Grade
- 0.72
- Grade Unit
- g/t
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-12-31T00:00:00.000Z
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Historical gold reserves for Akyem Stockpiles, which was divested in 2025.
Negative factors
- Asset divested in 2025
Evidence · table
“700”
Context: Akyem Stockpiles
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableAkyem · goldTonnes: 19000000Grade: 1.51Grade Unit: g/tContained Metal: 900Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Akyem
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:5da4da2266f44dcc3521
- Deposit or zone
- Total Akyem
Resource Data
- Category
- probable
- Tonnes
- 19000000
- Grade
- 1.51
- Grade Unit
- g/t
- Contained Metal
- 900
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-12-31T00:00:00.000Z
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Historical total gold reserves for Akyem, which was divested in 2025.
Negative factors
- Asset divested in 2025
Evidence · table
“19,000”
Context: Total Akyem, Ghana
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
provenTotal Gold · goldTonnes: 490900000Grade: 1.04Grade Unit: g/tContained Metal: 16500Contained Unit: kozView all detailsHide details
Identity
- Project
- Total Gold
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:67c77c5be5234a1b9bde
- Deposit or zone
- Total Gold
Resource Data
- Category
- proven
- Tonnes
- 490900000
- Grade
- 1.04
- Grade Unit
- g/t
- Contained Metal
- 16500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total proven gold reserves are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“490,900”
Context: Total Gold
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableTotal Gold · goldTonnes: 3416100000Grade: 0.93Grade Unit: g/tContained Metal: 101800Contained Unit: kozView all detailsHide details
Identity
- Project
- Total Gold
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:c321facdd787f1a0e506
- Deposit or zone
- Total Gold
Resource Data
- Category
- probable
- Tonnes
- 3416100000
- Grade
- 0.93
- Grade Unit
- g/t
- Contained Metal
- 101800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total probable gold reserves are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“3,416,100”
Context: Total Gold
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
probableTotal Gold · goldTonnes: 3907000000Grade: 0.94Grade Unit: g/tContained Metal: 118200Contained Unit: kozView all detailsHide details
Identity
- Project
- Total Gold
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- reserve
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:a825f6179109f2d54dc2
- Deposit or zone
- Total Gold
Resource Data
- Category
- probable
- Tonnes
- 3907000000
- Grade
- 0.94
- Grade Unit
- g/t
- Contained Metal
- 118200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 4363000000
- Prior Grade
- 0.96
- Prior Contained Metal
- 134100
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total gold reserves show a significant decrease in tonnes, grade, and contained ounces, primarily due to divestments and the reclassification of the Yanacocha Sulfides project, indicating a reduction in the overall reserve base.
Positive factors
- Strong metallurgical recovery
Negative factors
- Decrease in total probable reserve tonnes, grade, and contained metal compared to prior year
- Impact of divestments and reclassification of Yanacocha Sulfides
Evidence · table
“3,907,000”
Context: Total Gold
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 3907000000 against 4363000000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 118200 against 134100 previously
indicatedLihir · goldTonnes: 37500000Grade: 1.99Grade Unit: g/tContained Metal: 2400Contained Unit: kozView all detailsHide details
Identity
- Project
- Lihir
- Commodity
- gold
- Region
- png
- Reported Region
- Papua New Guinea
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:81b321c34f628736f786
- Deposit or zone
- Lihir
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 37500000
- Grade
- 1.99
- Grade Unit
- g/t
- Contained Metal
- 2400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Lihir indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“37,500”
Context: Lihir, Papua New Guinea
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredLihir · goldTonnes: 239800000Grade: 2.4Grade Unit: g/tContained Metal: 18300Contained Unit: kozView all detailsHide details
Identity
- Project
- Lihir
- Commodity
- gold
- Region
- png
- Reported Region
- Papua New Guinea
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:45a184dab6ae36b2c5dd
- Deposit or zone
- Lihir
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 239800000
- Grade
- 2.4
- Grade Unit
- g/t
- Contained Metal
- 18300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Lihir inferred gold resources are of moderate grade with strong metallurgical recovery, representing significant potential.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“239,800”
Context: Lihir, Papua New Guinea
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedWafi-Golpu · goldTonnes: 53600000Grade: 1.66Grade Unit: g/tContained Metal: 2900Contained Unit: kozView all detailsHide details
Identity
- Project
- Wafi-Golpu
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:47ef7c64328d976d2431
- Deposit or zone
- Wafi-Golpu Open Pit
- Ownership percent
- 50 %
Resource Data
- Category
- indicated
- Tonnes
- 53600000
- Grade
- 1.66
- Grade Unit
- g/t
- Contained Metal
- 2900
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Wafi-Golpu Open Pit indicated gold resources are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate grade
- Moderate metallurgical recovery
Evidence · table
“53,600”
Context: Wafi-Golpu Open Pit
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredWafi-Golpu · goldTonnes: 15500000Grade: 1.3Grade Unit: g/tContained Metal: 600Contained Unit: kozView all detailsHide details
Identity
- Project
- Wafi-Golpu
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:dd94ec4823cac8a90427
- Deposit or zone
- Wafi-Golpu Open Pit
- Ownership percent
- 50 %
Resource Data
- Category
- inferred
- Tonnes
- 15500000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Wafi-Golpu Open Pit inferred gold resources are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate grade
- Moderate metallurgical recovery
Evidence · table
“15,500”
Context: Wafi-Golpu Open Pit
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedWafi-Golpu · goldTonnes: 140800000Grade: 0.45Grade Unit: g/tContained Metal: 2000Contained Unit: kozView all detailsHide details
Identity
- Project
- Wafi-Golpu
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:16e2f86c2a79d7f99e8a
- Deposit or zone
- Wafi-Golpu Underground
- Ownership percent
- 50 %
Resource Data
- Category
- indicated
- Tonnes
- 140800000
- Grade
- 0.45
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Wafi-Golpu Underground indicated gold resources are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“140,800”
Context: Wafi-Golpu Underground
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredWafi-Golpu · goldTonnes: 91900000Grade: 0.6Grade Unit: g/tContained Metal: 1900Contained Unit: kozView all detailsHide details
Identity
- Project
- Wafi-Golpu
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:14c4330e96cd6800f720
- Deposit or zone
- Wafi-Golpu Underground
- Ownership percent
- 50 %
Resource Data
- Category
- inferred
- Tonnes
- 91900000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 1900
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Wafi-Golpu Underground inferred gold resources are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“91,900”
Context: Wafi-Golpu Underground
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedWafi-Golpu · goldTonnes: 194500000Grade: 0.78Grade Unit: g/tContained Metal: 4900Contained Unit: kozView all detailsHide details
Identity
- Project
- Wafi-Golpu
- Commodity
- gold
- Region
- png
- Reported Region
- Papua New Guinea
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:d12c0a32adb8286d802b
- Deposit or zone
- Total Wafi-Golpu
- Ownership percent
- 50 %
Resource Data
- Category
- indicated
- Tonnes
- 194500000
- Grade
- 0.78
- Grade Unit
- g/t
- Contained Metal
- 4900
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Wafi-Golpu indicated gold resources are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate grade
- Moderate metallurgical recovery
Evidence · table
“194,500”
Context: Total Wafi-Golpu, Papua New Guinea
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredWafi-Golpu · goldTonnes: 107300000Grade: 0.7Grade Unit: g/tContained Metal: 2600Contained Unit: kozView all detailsHide details
Identity
- Project
- Wafi-Golpu
- Commodity
- gold
- Region
- png
- Reported Region
- Papua New Guinea
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:3bbd3cf34c61d83c89a7
- Deposit or zone
- Total Wafi-Golpu
- Ownership percent
- 50 %
Resource Data
- Category
- inferred
- Tonnes
- 107300000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 2600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Wafi-Golpu inferred gold resources are of moderate grade with moderate metallurgical recovery, representing significant potential.
Positive factors
- Moderate grade
- Moderate metallurgical recovery
Evidence · table
“107,300”
Context: Total Wafi-Golpu, Papua New Guinea
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedCadia · goldTonnes: 1009300000Grade: 0.29Grade Unit: g/tContained Metal: 9400Contained Unit: kozView all detailsHide details
Identity
- Project
- Cadia
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:35ad2936021b64e7eec6
- Deposit or zone
- Cadia Underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1009300000
- Grade
- 0.29
- Grade Unit
- g/t
- Contained Metal
- 9400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Cadia Underground indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Strong metallurgical recovery
Evidence · table
“1,009,300”
Context: Cadia Underground
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredCadia · goldTonnes: 163900000Grade: 0.2Grade Unit: g/tContained Metal: 1300Contained Unit: kozView all detailsHide details
Identity
- Project
- Cadia
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:c8dfa2d635227e54383a
- Deposit or zone
- Cadia Underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 163900000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 1300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Cadia Underground inferred gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Strong metallurgical recovery
Evidence · table
“163,900”
Context: Cadia Underground
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredCadia · goldTonnes: 28500000Grade: 0.3Grade Unit: g/tContained Metal: 300Contained Unit: kozView all detailsHide details
Identity
- Project
- Cadia
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:b315f2549d823cbceb4f
- Deposit or zone
- Cadia Stockpiles
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 28500000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Cadia Stockpiles measured gold resources are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“28,500”
Context: Cadia Stockpiles
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredCadia · goldTonnes: 28500000Grade: 0.3Grade Unit: g/tContained Metal: 300Contained Unit: kozView all detailsHide details
Identity
- Project
- Cadia
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:238999ee78578e6520d8
- Deposit or zone
- Total Cadia
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 28500000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Cadia measured gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Strong metallurgical recovery
Evidence · table
“28,500”
Context: Total Cadia, Australia
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedCadia · goldTonnes: 1009300000Grade: 0.29Grade Unit: g/tContained Metal: 9400Contained Unit: kozView all detailsHide details
Identity
- Project
- Cadia
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:02b33dcc98dba3fabb33
- Deposit or zone
- Total Cadia
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1009300000
- Grade
- 0.29
- Grade Unit
- g/t
- Contained Metal
- 9400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Cadia indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Strong metallurgical recovery
Evidence · table
“1,009,300”
Context: Total Cadia, Australia
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedCadia · goldTonnes: 1037800000Grade: 0.29Grade Unit: g/tContained Metal: 9700Contained Unit: kozView all detailsHide details
Identity
- Project
- Cadia
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:1fc7506ac2f58c0b1030
- Deposit or zone
- Total Cadia
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1037800000
- Grade
- 0.29
- Grade Unit
- g/t
- Contained Metal
- 9700
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Cadia gold indicated resources show a significant decrease in tonnes and contained ounces, primarily driven by negative revisions related to geotechnical issues and block model updates.
Positive factors
- Strong metallurgical recovery
Negative factors
- Significant decrease in total indicated resource tonnes and contained metal compared to prior year
- Net negative revisions related to geotechnical standoff and block model updates
Evidence · table
“1,037,800”
Context: Total Cadia, Australia
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredCadia · goldTonnes: 163900000Grade: 0.2Grade Unit: g/tContained Metal: 1300Contained Unit: kozView all detailsHide details
Identity
- Project
- Cadia
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:3d8d8cbd03065c5e14e2
- Deposit or zone
- Total Cadia
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 163900000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 1300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Cadia gold inferred resources show a significant decrease in tonnes and contained ounces, primarily due to changes in classification and drill spacing studies.
Positive factors
- Strong metallurgical recovery
Negative factors
- Significant decrease in total inferred resource tonnes and contained metal compared to prior year
- Changes to inferred resource classifications as a consequence of an updated drill spacing study
Evidence · table
“163,900”
Context: Total Cadia, Australia
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredTanami · goldTonnes: 10000000Grade: 1.62Grade Unit: g/tContained Metal: 500Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:53c29f9650374b17ca05
- Deposit or zone
- Tanami Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 10000000
- Grade
- 1.62
- Grade Unit
- g/t
- Contained Metal
- 500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Tanami Open Pit measured gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“10,000”
Context: Tanami Open Pit
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedTanami · goldTonnes: 27300000Grade: 1.42Grade Unit: g/tContained Metal: 1200Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:7157cca24c69fe27876c
- Deposit or zone
- Tanami Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 27300000
- Grade
- 1.42
- Grade Unit
- g/t
- Contained Metal
- 1200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Tanami Open Pit indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“27,300”
Context: Tanami Open Pit
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedTanami · goldTonnes: 37200000Grade: 1.47Grade Unit: g/tContained Metal: 1800Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:3f0dfd7224d26d51411a
- Deposit or zone
- Tanami Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 37200000
- Grade
- 1.47
- Grade Unit
- g/t
- Contained Metal
- 1800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Tanami Open Pit total indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“37,200”
Context: Tanami Open Pit
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredTanami · goldTonnes: 5500000Grade: 1.1Grade Unit: g/tContained Metal: 200Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:cdc55e3dd546b38bb036
- Deposit or zone
- Tanami Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5500000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Tanami Open Pit inferred gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“5,500”
Context: Tanami Open Pit
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredTanami · goldTonnes: 2600000Grade: 3.35Grade Unit: g/tContained Metal: 300Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:2f88bebd1685a5461464
- Deposit or zone
- Tanami Underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 2600000
- Grade
- 3.35
- Grade Unit
- g/t
- Contained Metal
- 300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Tanami Underground measured gold resources are high-grade with exceptional metallurgical recovery.
Positive factors
- High grade for measured resources
- Exceptional metallurgical recovery
Evidence · table
“2,600”
Context: Tanami Underground
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedTanami · goldTonnes: 6800000Grade: 3.77Grade Unit: g/tContained Metal: 800Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:dd603cc3483c1eb5c70b
- Deposit or zone
- Tanami Underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 6800000
- Grade
- 3.77
- Grade Unit
- g/t
- Contained Metal
- 800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Tanami Underground indicated gold resources are high-grade with exceptional metallurgical recovery.
Positive factors
- High grade for indicated resources
- Exceptional metallurgical recovery
Evidence · table
“6,800”
Context: Tanami Underground
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedTanami · goldTonnes: 9400000Grade: 3.65Grade Unit: g/tContained Metal: 1100Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:b09506e8c73079f08eb6
- Deposit or zone
- Tanami Underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9400000
- Grade
- 3.65
- Grade Unit
- g/t
- Contained Metal
- 1100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Tanami Underground total indicated gold resources are high-grade with exceptional metallurgical recovery.
Positive factors
- High grade for indicated resources
- Exceptional metallurgical recovery
Evidence · table
“9,400”
Context: Tanami Underground
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredTanami · goldTonnes: 17600000Grade: 4.4Grade Unit: g/tContained Metal: 2500Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:216ad5b15e04b3b29951
- Deposit or zone
- Tanami Underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 17600000
- Grade
- 4.4
- Grade Unit
- g/t
- Contained Metal
- 2500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Tanami Underground inferred gold resources are high-grade with exceptional metallurgical recovery, representing significant potential.
Positive factors
- High grade for inferred resources
- Exceptional metallurgical recovery
Evidence · table
“17,600”
Context: Tanami Underground
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredTanami · goldTonnes: 12500000Grade: 1.98Grade Unit: g/tContained Metal: 800Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:3753ef79607a6b1902e6
- Deposit or zone
- Total Tanami
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 12500000
- Grade
- 1.98
- Grade Unit
- g/t
- Contained Metal
- 800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Tanami measured gold resources are of moderate grade with exceptional metallurgical recovery.
Positive factors
- Moderate grade
- Exceptional metallurgical recovery
Evidence · table
“12,500”
Context: Total Tanami, Australia
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedTanami · goldTonnes: 34100000Grade: 1.89Grade Unit: g/tContained Metal: 2100Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:3f9ba3b9e882933b39e3
- Deposit or zone
- Total Tanami
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 34100000
- Grade
- 1.89
- Grade Unit
- g/t
- Contained Metal
- 2100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Tanami indicated gold resources are of moderate grade with exceptional metallurgical recovery.
Positive factors
- Moderate grade
- Exceptional metallurgical recovery
Evidence · table
“34,100”
Context: Total Tanami, Australia
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedTanami · goldTonnes: 46600000Grade: 1.91Grade Unit: g/tContained Metal: 2900Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:7b5d5e4955be3079ffb0
- Deposit or zone
- Total Tanami
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 46600000
- Grade
- 1.91
- Grade Unit
- g/t
- Contained Metal
- 2900
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Tanami indicated gold resources are of moderate grade with exceptional metallurgical recovery.
Positive factors
- Moderate grade
- Exceptional metallurgical recovery
Evidence · table
“46,600”
Context: Total Tanami, Australia
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredTanami · goldTonnes: 23100000Grade: 3.6Grade Unit: g/tContained Metal: 2700Contained Unit: kozView all detailsHide details
Identity
- Project
- Tanami
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:222cf0737c6eea779af6
- Deposit or zone
- Total Tanami
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 23100000
- Grade
- 3.6
- Grade Unit
- g/t
- Contained Metal
- 2700
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Tanami inferred gold resources are high-grade with exceptional metallurgical recovery, representing significant potential.
Positive factors
- High grade
- Exceptional metallurgical recovery
Evidence · table
“23,100”
Context: Total Tanami, Australia
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredBoddington · goldTonnes: 97300000Grade: 0.52Grade Unit: g/tContained Metal: 1600Contained Unit: kozView all detailsHide details
Identity
- Project
- Boddington
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:8c032adc73978c1750f5
- Deposit or zone
- Boddington
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 97300000
- Grade
- 0.52
- Grade Unit
- g/t
- Contained Metal
- 1600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Boddington measured gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“97,300”
Context: Boddington, Australia
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedBoddington · goldTonnes: 168200000Grade: 0.49Grade Unit: g/tContained Metal: 2600Contained Unit: kozView all detailsHide details
Identity
- Project
- Boddington
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:bf64b6c1bd8e2a9cb36f
- Deposit or zone
- Boddington
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 168200000
- Grade
- 0.49
- Grade Unit
- g/t
- Contained Metal
- 2600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Boddington indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“168,200”
Context: Boddington, Australia
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedBoddington · goldTonnes: 265500000Grade: 0.5Grade Unit: g/tContained Metal: 4300Contained Unit: kozView all detailsHide details
Identity
- Project
- Boddington
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:e0ed2cd97ce42676bcba
- Deposit or zone
- Boddington
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 265500000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 4300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Boddington total indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“265,500”
Context: Boddington, Australia
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredBoddington · goldTonnes: 3800000Grade: 0.5Grade Unit: g/tContained Metal: 100Contained Unit: kozView all detailsHide details
Identity
- Project
- Boddington
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:0f2719066265aae96310
- Deposit or zone
- Boddington
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3800000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Boddington inferred gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“3,800”
Context: Boddington, Australia
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredAhafo South · goldTonnes: 1000000Grade: 1.13Grade Unit: g/tContained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:177bf57726d81e1b628c
- Deposit or zone
- Ahafo South Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1000000
- Grade
- 1.13
- Grade Unit
- g/t
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Open Pit measured gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“1,000”
Context: Ahafo South Open Pit
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedAhafo South · goldTonnes: 5000000Grade: 0.72Grade Unit: g/tContained Metal: 100Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:656b752d973021877e8d
- Deposit or zone
- Ahafo South Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 5000000
- Grade
- 0.72
- Grade Unit
- g/t
- Contained Metal
- 100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Open Pit indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“5,000”
Context: Ahafo South Open Pit
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedAhafo South · goldTonnes: 6100000Grade: 0.79Grade Unit: g/tContained Metal: 200Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:5653c161079d6d717f0e
- Deposit or zone
- Ahafo South Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 6100000
- Grade
- 0.79
- Grade Unit
- g/t
- Contained Metal
- 200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Open Pit total indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“6,100”
Context: Ahafo South Open Pit
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredAhafo South · goldTonnes: 3200000Grade: 1.1Grade Unit: g/tContained Metal: 100Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:276579094e356af27ce6
- Deposit or zone
- Ahafo South Open Pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3200000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Open Pit inferred gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“3,200”
Context: Ahafo South Open Pit
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredAhafo South · goldTonnes: 1200000Grade Unit: g/tContained Metal: 100Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:ff7af52dfe88ed0f2243
- Deposit or zone
- Ahafo South Underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1200000
- Grade Unit
- g/t
- Contained Metal
- 100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Underground measured gold resources have strong metallurgical recovery, but the grade is not provided.
Positive factors
- Strong metallurgical recovery
Negative factors
- Grade not provided
Evidence · table
“1,200”
Context: Ahafo South Underground
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedAhafo South · goldTonnes: 41400000Grade: 3.84Grade Unit: g/tContained Metal: 5100Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:e272c27abf1bb41e36e1
- Deposit or zone
- Ahafo South Underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 41400000
- Grade
- 3.84
- Grade Unit
- g/t
- Contained Metal
- 5100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Underground indicated gold resources are high-grade with exceptional metallurgical recovery.
Positive factors
- High grade for indicated resources
- Exceptional metallurgical recovery
Evidence · table
“41,400”
Context: Ahafo South Underground
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedAhafo South · goldTonnes: 42500000Grade: 3.84Grade Unit: g/tContained Metal: 5200Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:5f0d126b0ecf16238a64
- Deposit or zone
- Ahafo South Underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 42500000
- Grade
- 3.84
- Grade Unit
- g/t
- Contained Metal
- 5200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Underground total indicated gold resources are high-grade with exceptional metallurgical recovery.
Positive factors
- High grade for indicated resources
- Exceptional metallurgical recovery
Evidence · table
“42,500”
Context: Ahafo South Underground
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredAhafo South · goldTonnes: 19500000Grade: 2.9Grade Unit: g/tContained Metal: 1800Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:7ee9cbd9b74b780dc034
- Deposit or zone
- Ahafo South Underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 19500000
- Grade
- 2.9
- Grade Unit
- g/t
- Contained Metal
- 1800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo South Underground inferred gold resources are of moderate grade with exceptional metallurgical recovery, representing significant potential.
Positive factors
- Moderate grade
- Exceptional metallurgical recovery
Evidence · table
“19,500”
Context: Ahafo South Underground
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredAhafo South · goldTonnes: 2200000Grade: 2.49Grade Unit: g/tContained Metal: 200Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:f20249ef2575ee65cca6
- Deposit or zone
- Total Ahafo South
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 2200000
- Grade
- 2.49
- Grade Unit
- g/t
- Contained Metal
- 200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo South measured gold resources are of moderate grade with exceptional metallurgical recovery.
Positive factors
- Moderate grade
- Exceptional metallurgical recovery
Evidence · table
“2,200”
Context: Total Ahafo South, Ghana
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedAhafo South · goldTonnes: 46400000Grade: 3.51Grade Unit: g/tContained Metal: 5200Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:0d9ebebf4c14dc7be505
- Deposit or zone
- Total Ahafo South
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 46400000
- Grade
- 3.51
- Grade Unit
- g/t
- Contained Metal
- 5200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo South indicated gold resources are high-grade with exceptional metallurgical recovery.
Positive factors
- High grade
- Exceptional metallurgical recovery
Evidence · table
“46,400”
Context: Total Ahafo South, Ghana
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedAhafo South · goldTonnes: 48600000Grade: 3.46Grade Unit: g/tContained Metal: 5400Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:986bfd287f009a4c0f35
- Deposit or zone
- Total Ahafo South
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 48600000
- Grade
- 3.46
- Grade Unit
- g/t
- Contained Metal
- 5400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo South gold indicated resources show an increase in tonnes and contained ounces, indicating growth for the project, supported by high grades and exceptional metallurgical recovery.
Positive factors
- Increase in total indicated resource tonnes and contained metal compared to prior year
- High grade
- Exceptional metallurgical recovery
Evidence · table
“48,600”
Context: Total Ahafo South, Ghana
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredAhafo South · goldTonnes: 22700000Grade: 2.7Grade Unit: g/tContained Metal: 2000Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo South
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:2e318a2d74d178ed889d
- Deposit or zone
- Total Ahafo South
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 22700000
- Grade
- 2.7
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo South gold inferred resources show an increase in tonnes and contained ounces, indicating growth for the project, supported by moderate grades and exceptional metallurgical recovery.
Positive factors
- Increase in total inferred resource tonnes and contained metal compared to prior year
- Moderate grade
- Exceptional metallurgical recovery
Evidence · table
“22,700”
Context: Total Ahafo South, Ghana
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredAhafo North · goldTonnes: 6600000Grade: 1.44Grade Unit: g/tContained Metal: 300Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo North
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:d25955188b481ae1d63e
- Deposit or zone
- Ahafo North
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 6600000
- Grade
- 1.44
- Grade Unit
- g/t
- Contained Metal
- 300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo North measured gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“6,600”
Context: Ahafo North, Ghana
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedAhafo North · goldTonnes: 36300000Grade: 1.74Grade Unit: g/tContained Metal: 2000Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo North
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:6f5b1ada390ce158b200
- Deposit or zone
- Ahafo North
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 36300000
- Grade
- 1.74
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo North indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“36,300”
Context: Ahafo North, Ghana
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedAhafo North · goldTonnes: 42900000Grade: 1.69Grade Unit: g/tContained Metal: 2300Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo North
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:b209f8c765a30788005c
- Deposit or zone
- Ahafo North
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 42900000
- Grade
- 1.69
- Grade Unit
- g/t
- Contained Metal
- 2300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo North total indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“42,900”
Context: Ahafo North, Ghana
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredAhafo North · goldTonnes: 18100000Grade: 1.6Grade Unit: g/tContained Metal: 900Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo North
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:60e2aaec13f6b4e2c47d
- Deposit or zone
- Ahafo North
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 18100000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 900
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Ahafo North inferred gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“18,100”
Context: Ahafo North, Ghana
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredAhafo Complex · goldTonnes: 8700000Grade: 1.7Grade Unit: g/tContained Metal: 500Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo Complex
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:120a55f52e7fa0e342b4
- Deposit or zone
- Total Ahafo Complex
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 8700000
- Grade
- 1.7
- Grade Unit
- g/t
- Contained Metal
- 500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo Complex measured gold resources are of moderate grade with exceptional metallurgical recovery.
Positive factors
- Moderate grade
- Exceptional metallurgical recovery
Evidence · table
“8,700”
Context: Total Ahafo Complex, Ghana
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedAhafo Complex · goldTonnes: 82700000Grade: 2.73Grade Unit: g/tContained Metal: 7300Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo Complex
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:18ae3d95bf40576f3de1
- Deposit or zone
- Total Ahafo Complex
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 82700000
- Grade
- 2.73
- Grade Unit
- g/t
- Contained Metal
- 7300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo Complex indicated gold resources are of moderate grade with exceptional metallurgical recovery.
Positive factors
- Moderate grade
- Exceptional metallurgical recovery
Evidence · table
“82,700”
Context: Total Ahafo Complex, Ghana
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedAhafo Complex · goldTonnes: 91400000Grade: 2.63Grade Unit: g/tContained Metal: 7700Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo Complex
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:ad68b5491492659b4dc0
- Deposit or zone
- Total Ahafo Complex
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 91400000
- Grade
- 2.63
- Grade Unit
- g/t
- Contained Metal
- 7700
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo Complex gold indicated resources show an increase in tonnes and contained ounces, indicating growth for the project, supported by moderate grades and exceptional metallurgical recovery.
Positive factors
- Increase in total indicated resource tonnes and contained metal compared to prior year
- Moderate grade
- Exceptional metallurgical recovery
Evidence · table
“91,400”
Context: Total Ahafo Complex, Ghana
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredAhafo Complex · goldTonnes: 40900000Grade: 2.2Grade Unit: g/tContained Metal: 2900Contained Unit: kozView all detailsHide details
Identity
- Project
- Ahafo Complex
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:dae46968e20f1f8725d9
- Deposit or zone
- Total Ahafo Complex
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 40900000
- Grade
- 2.2
- Grade Unit
- g/t
- Contained Metal
- 2900
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Total Ahafo Complex gold inferred resources show an increase in tonnes and contained ounces, indicating growth for the project, supported by moderate grades and exceptional metallurgical recovery.
Positive factors
- Increase in total inferred resource tonnes and contained metal compared to prior year
- Moderate grade
- Exceptional metallurgical recovery
Evidence · table
“40,900”
Context: Total Ahafo Complex, Ghana
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredMerian · goldTonnes: 5200000Grade: 0.96Grade Unit: g/tContained Metal: 200Contained Unit: kozView all detailsHide details
Identity
- Project
- Merian
- Commodity
- gold
- Region
- suriname
- Reported Region
- Suriname
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:e862b7f1565169f5de16
- Deposit or zone
- Merian
- Ownership percent
- 75 %
Resource Data
- Category
- measured
- Tonnes
- 5200000
- Grade
- 0.96
- Grade Unit
- g/t
- Contained Metal
- 200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Merian measured gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“5,200”
Context: Merian, Suriname
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedMerian · goldTonnes: 49600000Grade: 1.05Grade Unit: g/tContained Metal: 1700Contained Unit: kozView all detailsHide details
Identity
- Project
- Merian
- Commodity
- gold
- Region
- suriname
- Reported Region
- Suriname
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:3b76be9dc14074e0495e
- Deposit or zone
- Merian
- Ownership percent
- 75 %
Resource Data
- Category
- indicated
- Tonnes
- 49600000
- Grade
- 1.05
- Grade Unit
- g/t
- Contained Metal
- 1700
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Merian indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“49,600”
Context: Merian, Suriname
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedMerian · goldTonnes: 54800000Grade: 1.05Grade Unit: g/tContained Metal: 1800Contained Unit: kozView all detailsHide details
Identity
- Project
- Merian
- Commodity
- gold
- Region
- suriname
- Reported Region
- Suriname
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:06420129d7be7534bba8
- Deposit or zone
- Merian
- Ownership percent
- 75 %
Resource Data
- Category
- indicated
- Tonnes
- 54800000
- Grade
- 1.05
- Grade Unit
- g/t
- Contained Metal
- 1800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Merian total indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“54,800”
Context: Merian, Suriname
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredMerian · goldTonnes: 79700000Grade: 0.8Grade Unit: g/tContained Metal: 2100Contained Unit: kozView all detailsHide details
Identity
- Project
- Merian
- Commodity
- gold
- Region
- suriname
- Reported Region
- Suriname
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:6b1b08a060b9b5f1f3e6
- Deposit or zone
- Merian
- Ownership percent
- 75 %
Resource Data
- Category
- inferred
- Tonnes
- 79700000
- Grade
- 0.8
- Grade Unit
- g/t
- Contained Metal
- 2100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Merian inferred gold resources are of moderate grade with strong metallurgical recovery, representing significant potential.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“79,700”
Context: Merian, Suriname
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredCerro Negro · goldTonnes: 1300000Grade: 3.73Grade Unit: g/tContained Metal: 200Contained Unit: kozView all detailsHide details
Identity
- Project
- Cerro Negro
- Commodity
- gold
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:0e4d8686a78b8d6ed4e4
- Deposit or zone
- Cerro Negro
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1300000
- Grade
- 3.73
- Grade Unit
- g/t
- Contained Metal
- 200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Cerro Negro measured gold resources are high-grade with exceptional metallurgical recovery.
Positive factors
- High grade for measured resources
- Exceptional metallurgical recovery
Evidence · table
“1,300”
Context: Cerro Negro, Argentina
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedCerro Negro · goldTonnes: 1900000Grade: 5.42Grade Unit: g/tContained Metal: 300Contained Unit: kozView all detailsHide details
Identity
- Project
- Cerro Negro
- Commodity
- gold
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:1191c86262ce785597e8
- Deposit or zone
- Cerro Negro
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1900000
- Grade
- 5.42
- Grade Unit
- g/t
- Contained Metal
- 300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Cerro Negro indicated gold resources are high-grade with exceptional metallurgical recovery.
Positive factors
- High grade for indicated resources
- Exceptional metallurgical recovery
Evidence · table
“1,900”
Context: Cerro Negro, Argentina
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedCerro Negro · goldTonnes: 3200000Grade: 4.73Grade Unit: g/tContained Metal: 500Contained Unit: kozView all detailsHide details
Identity
- Project
- Cerro Negro
- Commodity
- gold
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:edb234ce5c9fe1824f0c
- Deposit or zone
- Cerro Negro
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 3200000
- Grade
- 4.73
- Grade Unit
- g/t
- Contained Metal
- 500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Cerro Negro total indicated gold resources are high-grade with exceptional metallurgical recovery.
Positive factors
- High grade for indicated resources
- Exceptional metallurgical recovery
Evidence · table
“3,200”
Context: Cerro Negro, Argentina
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredCerro Negro · goldTonnes: 7500000Grade: 5.1Grade Unit: g/tContained Metal: 1200Contained Unit: kozView all detailsHide details
Identity
- Project
- Cerro Negro
- Commodity
- gold
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:96e45c2c7b87e20577de
- Deposit or zone
- Cerro Negro
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7500000
- Grade
- 5.1
- Grade Unit
- g/t
- Contained Metal
- 1200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Cerro Negro inferred gold resources are high-grade with exceptional metallurgical recovery, representing significant potential.
Positive factors
- High grade for inferred resources
- Exceptional metallurgical recovery
Evidence · table
“7,500”
Context: Cerro Negro, Argentina
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredPueblo Viejo · goldTonnes: 7300000Grade: 1.31Grade Unit: g/tContained Metal: 300Contained Unit: kozView all detailsHide details
Identity
- Project
- Pueblo Viejo
- Commodity
- gold
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:f5fcbd97996809c239e7
- Deposit or zone
- Pueblo Viejo
- Ownership percent
- 40 %
Resource Data
- Category
- measured
- Tonnes
- 7300000
- Grade
- 1.31
- Grade Unit
- g/t
- Contained Metal
- 300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Pueblo Viejo measured gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“7,300”
Context: Pueblo Viejo, Dominican Republic
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedPueblo Viejo · goldTonnes: 33100000Grade: 1.37Grade Unit: g/tContained Metal: 1500Contained Unit: kozView all detailsHide details
Identity
- Project
- Pueblo Viejo
- Commodity
- gold
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:65700ae1af43bf99bb1f
- Deposit or zone
- Pueblo Viejo
- Ownership percent
- 40 %
Resource Data
- Category
- indicated
- Tonnes
- 33100000
- Grade
- 1.37
- Grade Unit
- g/t
- Contained Metal
- 1500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Pueblo Viejo indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“33,100”
Context: Pueblo Viejo, Dominican Republic
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedPueblo Viejo · goldTonnes: 40300000Grade: 1.36Grade Unit: g/tContained Metal: 1800Contained Unit: kozView all detailsHide details
Identity
- Project
- Pueblo Viejo
- Commodity
- gold
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:bb5c5076aa27f79b0b0b
- Deposit or zone
- Pueblo Viejo
- Ownership percent
- 40 %
Resource Data
- Category
- indicated
- Tonnes
- 40300000
- Grade
- 1.36
- Grade Unit
- g/t
- Contained Metal
- 1800
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Pueblo Viejo total indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“40,300”
Context: Pueblo Viejo, Dominican Republic
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredPueblo Viejo · goldTonnes: 6300000Grade: 1.5Grade Unit: g/tContained Metal: 300Contained Unit: kozView all detailsHide details
Identity
- Project
- Pueblo Viejo
- Commodity
- gold
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:d18a0f67ae98d6a5e9d2
- Deposit or zone
- Pueblo Viejo
- Ownership percent
- 40 %
Resource Data
- Category
- inferred
- Tonnes
- 6300000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Pueblo Viejo inferred gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“6,300”
Context: Pueblo Viejo, Dominican Republic
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredNuevaUnión · goldTonnes: 4800000Grade: 0.47Grade Unit: g/tContained Metal: 100Contained Unit: kozView all detailsHide details
Identity
- Project
- NuevaUnión
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:ebcaae8d56ffd44629f6
- Deposit or zone
- NuevaUnión
- Ownership percent
- 50 %
Resource Data
- Category
- measured
- Tonnes
- 4800000
- Grade
- 0.47
- Grade Unit
- g/t
- Contained Metal
- 100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: NuevaUnión measured gold resources are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“4,800”
Context: NuevaUnión, Chile
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedNuevaUnión · goldTonnes: 118300000Grade: 0.59Grade Unit: g/tContained Metal: 2300Contained Unit: kozView all detailsHide details
Identity
- Project
- NuevaUnión
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:a8a07140ec9ff0e0132e
- Deposit or zone
- NuevaUnión
- Ownership percent
- 50 %
Resource Data
- Category
- indicated
- Tonnes
- 118300000
- Grade
- 0.59
- Grade Unit
- g/t
- Contained Metal
- 2300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: NuevaUnión indicated gold resources are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate grade
- Moderate metallurgical recovery
Evidence · table
“118,300”
Context: NuevaUnión, Chile
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedNuevaUnión · goldTonnes: 123100000Grade: 0.59Grade Unit: g/tContained Metal: 2300Contained Unit: kozView all detailsHide details
Identity
- Project
- NuevaUnión
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:a7f3dfddccc8aa0a6e42
- Deposit or zone
- NuevaUnión
- Ownership percent
- 50 %
Resource Data
- Category
- indicated
- Tonnes
- 123100000
- Grade
- 0.59
- Grade Unit
- g/t
- Contained Metal
- 2300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: NuevaUnión total indicated gold resources are of moderate grade with moderate metallurgical recovery.
Positive factors
- Moderate grade
- Moderate metallurgical recovery
Evidence · table
“123,100”
Context: NuevaUnión, Chile
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredNuevaUnión · goldTonnes: 239800000Grade: 0.4Grade Unit: g/tContained Metal: 3100Contained Unit: kozView all detailsHide details
Identity
- Project
- NuevaUnión
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:7fe468a81b7b640ff423
- Deposit or zone
- NuevaUnión
- Ownership percent
- 50 %
Resource Data
- Category
- inferred
- Tonnes
- 239800000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 3100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: NuevaUnión inferred gold resources are of moderate grade with moderate metallurgical recovery, representing significant potential.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“239,800”
Context: NuevaUnión, Chile
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
measuredNorte Abierto · goldTonnes: 77700000Grade: 0.61Grade Unit: g/tContained Metal: 1500Contained Unit: kozView all detailsHide details
Identity
- Project
- Norte Abierto
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:aa8dfef329e08bebda74
- Deposit or zone
- Norte Abierto
- Ownership percent
- 50 %
Resource Data
- Category
- measured
- Tonnes
- 77700000
- Grade
- 0.61
- Grade Unit
- g/t
- Contained Metal
- 1500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Norte Abierto measured gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“77,700”
Context: Norte Abierto, Chile
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedNorte Abierto · goldTonnes: 525500000Grade: 0.51Grade Unit: g/tContained Metal: 8600Contained Unit: kozView all detailsHide details
Identity
- Project
- Norte Abierto
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:e9777c0a2593ef4201fd
- Deposit or zone
- Norte Abierto
- Ownership percent
- 50 %
Resource Data
- Category
- indicated
- Tonnes
- 525500000
- Grade
- 0.51
- Grade Unit
- g/t
- Contained Metal
- 8600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Norte Abierto indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“525,500”
Context: Norte Abierto, Chile
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedNorte Abierto · goldTonnes: 603200000Grade: 0.52Grade Unit: g/tContained Metal: 10100Contained Unit: kozView all detailsHide details
Identity
- Project
- Norte Abierto
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:50a1e84cd2e088dd90ac
- Deposit or zone
- Norte Abierto
- Ownership percent
- 50 %
Resource Data
- Category
- indicated
- Tonnes
- 603200000
- Grade
- 0.52
- Grade Unit
- g/t
- Contained Metal
- 10100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Norte Abierto total indicated gold resources are of moderate grade with strong metallurgical recovery.
Positive factors
- Moderate grade
- Strong metallurgical recovery
Evidence · table
“603,200”
Context: Norte Abierto, Chile
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredNorte Abierto · goldTonnes: 381100000Grade: 0.4Grade Unit: g/tContained Metal: 5300Contained Unit: kozView all detailsHide details
Identity
- Project
- Norte Abierto
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- NGT
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:e1f21eb8d2ecda6dbee1
- Deposit or zone
- Norte Abierto
- Ownership percent
- 50 %
Resource Data
- Category
- inferred
- Tonnes
- 381100000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 5300
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-19T00:00:00.000Z
Reasoning: Norte Abierto inferred gold resources are of moderate grade with strong metallurgical recovery, representing significant potential.
Positive factors
- Moderate metallurgical recovery
Evidence · table
“381,100”
Context: Norte Abierto, Chile
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.