# Newmont Reports 2025 Mineral Reserves of 118.2 Million Gold Ounces and 12.5 Million Tonnes of Copper Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839 Original source: https://money.tmx.com/en/quote/NGT/news/5211308042449869/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill Publisher: tmx Original announcement: 2026-02-19T21:08:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: -0.10 · Bearish ## Minestarters Atlas 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 factor: Largest gold reserve base in the industry - Positive factor: Increased gold price assumption for reserves - Positive factor: Resource conversion and positive revisions at several sites - Positive factor: Significant exposure to other metals - Negative factor: Overall decrease in gold reserves due to divestments and reclassification - Negative factor: Decrease in copper and silver reserves - Negative factor: Significant decrease in Cadia gold resources due to geotechnical issues and cost expectations - Negative factor: Namosi gold resources removed from inventory - Negative factor: Yanacocha Sulfides project indefinitely deferred Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 157 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 157. Some facts used in scoring do not have a stored record. ## Resource Estimates (157) ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-0) Lihir · gold #### 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 factor: Increase in probable reserve tonnes and contained metal compared to prior year - Positive factor: High metallurgical recovery - Negative factor: Decrease in grade compared to prior year Evidence · table > 147,900 Context: Lihir Open Pits #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 147900000 against 125900000 previously **Grade Decline** Polarity: negative Definition: 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 Growth** Polarity: negative Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-1) Lihir · gold #### 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 factor: High metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 3800 against 4200 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-2) Lihir · gold #### 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 factor: Increase in total probable reserve tonnes and contained metal compared to prior year - Positive factor: High metallurgical recovery - Negative factor: Decrease in grade compared to prior year Evidence · table > 220,200 Context: Total Lihir, Papua New Guinea #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Growth** Polarity: negative Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-3) Wafi-Golpu · gold #### 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-4) Cadia · gold #### 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 factor: High metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 13500 against 14100 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-5) Tanami · gold #### 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 factor: High grade for proven reserves - Positive factor: Exceptional metallurgical recovery Evidence · table > 10,100 Context: Tanami, Australia #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-6) Tanami · gold #### 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 factor: High grade for probable reserves - Positive factor: Exceptional metallurgical recovery Evidence · table > 22,700 Context: Tanami, Australia #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-7) Tanami · gold #### 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 factor: Increase in total probable reserve tonnes and contained metal compared to prior year - Positive factor: Exceptional metallurgical recovery - Negative factor: Decrease in grade compared to prior year Evidence · table > 32,800 Context: Tanami, Australia #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Growth** Polarity: negative Definition: 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 ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-8) Boddington · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 265,300 Context: Boddington Open Pit #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-9) Boddington · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 216,300 Context: Boddington Open Pit #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-10) Boddington · gold #### 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 factor: Moderate metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 9300 against 9900 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-11) Boddington · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 5,600 Context: Boddington Stockpiles #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-12) Boddington · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 57,800 Context: Boddington Stockpiles #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-13) Boddington · gold #### 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 factor: Moderate metallurgical recovery - Negative factor: Slight decrease in total probable reserve tonnes compared to prior year Evidence · table > 63,400 Context: Boddington Stockpiles #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 63400000 against 64100000 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-14) Boddington · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 271,000 Context: Total Boddington, Australia #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-15) Boddington · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 274,100 Context: Total Boddington, Australia #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-16) Boddington · gold #### 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 factor: Moderate metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 10200 against 10800 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-17) Ahafo South · gold #### 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 factor: Moderate grade for open pit - Positive factor: Strong metallurgical recovery Evidence · table > 2,500 Context: Ahafo South Open Pit #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-18) Ahafo South · gold #### 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 factor: Moderate grade for open pit - Positive factor: Strong metallurgical recovery Evidence · table > 40,900 Context: Ahafo South Open Pit #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-19) Ahafo South · gold #### 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 factor: Increase in total probable reserve tonnes - Positive factor: Strong metallurgical recovery - Negative factor: Decrease in grade and contained metal compared to prior year Evidence · table > 43,400 Context: Ahafo South Open Pit #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 2000 against 2200 previously **Dilutive Growth** Polarity: negative Definition: 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 ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-20) Ahafo South · gold #### 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 factor: Moderate grade for underground - Positive factor: Exceptional metallurgical recovery Evidence · table > 9,400 Context: Ahafo South Underground #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-21) Ahafo South · gold #### 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 factor: Moderate grade for underground - Positive factor: Exceptional metallurgical recovery Evidence · table > 10,000 Context: Ahafo South Underground #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-22) Ahafo South · gold #### 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 factor: Exceptional metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 19400000 against 21300000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 1500 against 1700 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-23) Ahafo South · gold #### 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 factor: Moderate grade for stockpiles - Positive factor: Strong metallurgical recovery Evidence · table > 18,500 Context: Ahafo South Stockpiles #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-24) Ahafo South · gold #### 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 factor: Strong metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 600 against 700 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-25) Ahafo South · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 30,400 Context: Total Ahafo South, Ghana #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-26) Ahafo South · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 50,900 Context: Total Ahafo South, Ghana #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-27) Ahafo South · gold #### 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 factor: Strong metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 81300000 against 85000000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 4100 against 4600 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-28) Ahafo North · gold #### 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 factor: Increase in total probable reserve tonnes and contained metal compared to prior year - Positive factor: Strong metallurgical recovery - Negative factor: Decrease in grade compared to prior year Evidence · table > 65,500 Context: Ahafo North, Ghana #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Growth** Polarity: negative Definition: 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 ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-29) Ahafo Complex · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 30,400 Context: Total Ahafo Complex, Ghana #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-30) Ahafo Complex · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 116,500 Context: Total Ahafo Complex, Ghana #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-31) Ahafo Complex · gold #### 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 factor: Strong metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 8800 against 9200 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-32) Merian · gold #### 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 factor: Moderate grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 24,800 Context: Merian, Suriname #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-33) Merian · gold #### 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 factor: Moderate grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 104,600 Context: Merian, Suriname #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-34) Merian · gold #### 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 factor: Increase in total probable reserve tonnes and contained metal compared to prior year - Positive factor: Exceptional metallurgical recovery - Negative factor: Decrease in grade compared to prior year Evidence · table > 129,400 Context: Merian, Suriname #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 129400000 against 110700000 previously **Grade Decline** Polarity: negative Definition: 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 Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 4500 against 4100 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-35) Cerro Negro · gold #### 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 factor: High grade for proven reserves - Positive factor: Exceptional metallurgical recovery Evidence · table > 2,200 Context: Cerro Negro, Argentina #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-36) Cerro Negro · gold #### 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 factor: High grade for probable reserves - Positive factor: Exceptional metallurgical recovery Evidence · table > 6,800 Context: Cerro Negro, Argentina #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-37) Cerro Negro · gold #### 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 factor: Exceptional metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 3000 against 3200 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-38) Pueblo Viejo · gold #### 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 factor: Moderate grade for open pit - Positive factor: Strong metallurgical recovery Evidence · table > 35,800 Context: Pueblo Viejo Open Pit #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-39) Pueblo Viejo · gold #### 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 factor: Moderate grade for open pit - Positive factor: Strong metallurgical recovery Evidence · table > 51,300 Context: Pueblo Viejo Open Pit #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-40) Pueblo Viejo · gold #### 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 factor: Increase in total probable reserve tonnes and contained metal compared to prior year - Positive factor: Strong metallurgical recovery - Negative factor: Decrease in grade compared to prior year Evidence · table > 87,100 Context: Pueblo Viejo Open Pit #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Growth** Polarity: negative Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-41) Pueblo Viejo · gold #### 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 factor: Strong metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 2400 against 2600 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-42) Pueblo Viejo · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 35,800 Context: Total Pueblo Viejo, Dominican Republic #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-43) Pueblo Viejo · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 88,200 Context: Total Pueblo Viejo, Dominican Republic #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-44) Pueblo Viejo · gold #### 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 factor: Increase in total probable reserve tonnes - Positive factor: Strong metallurgical recovery - Negative factor: Decrease in grade compared to prior year - Negative factor: Contained metal remained flat despite tonnage increase Evidence · table > 123,900 Context: Total Pueblo Viejo, Dominican Republic #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Growth** Polarity: negative Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-45) NuevaUnión · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 341,100 Context: NuevaUnión, Chile #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-46) Norte Abierto · gold #### 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 factor: Strong metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 521100000 against 598800000 previously **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 0.65 against 0.6 previously **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 10800 against 11600 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-47) Yanacocha · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 18,800 Context: Yanacocha, Peru #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-48) Yanacocha · gold #### 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 factor: Moderate metallurgical recovery - Negative factor: Significant decrease in total proven reserve tonnes, grade, and contained metal compared to prior year - Negative factor: Reclassification of Yanacocha Sulfides project reserves to resources Evidence · table > 18,800 Context: Yanacocha, Peru #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 18800000 against 126400000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 500 against 5300 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-49) Peñasquito · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 79,500 Context: Peñasquito Open Pits #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-50) Peñasquito · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 114,800 Context: Peñasquito Open Pits #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-51) Peñasquito · gold #### 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 factor: Moderate metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 194300000 against 224700000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 3000 against 3800 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-52) Peñasquito · gold #### 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 factor: Weak metallurgical recovery Evidence · table > 4,900 Context: Peñasquito Stockpiles #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-53) Peñasquito · gold #### 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 factor: Weak metallurgical recovery Evidence · table > 21,800 Context: Peñasquito Stockpiles #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-54) Peñasquito · gold #### 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 factor: Decrease in total probable reserve tonnes, grade, and contained metal compared to prior year - Negative factor: Weak metallurgical recovery Evidence · table > 26,700 Context: Peñasquito Stockpiles #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 200 against 300 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-55) Peñasquito · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 84,400 Context: Total Peñasquito, Mexico #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-56) Peñasquito · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 136,600 Context: Total Peñasquito, Mexico #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-57) Peñasquito · gold #### 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 factor: Moderate metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 221000000 against 256600000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 3200 against 4100 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-58) Red Chris · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 2,600 Context: Red Chris, Canada #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-59) Red Chris · gold #### 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 factor: Moderate grade - Positive factor: Moderate metallurgical recovery Evidence · table > 178,900 Context: Red Chris, Canada #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-60) Red Chris · gold #### 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 factor: Moderate metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 3600 against 3700 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-61) Brucejack · gold #### 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 factor: Significant increase in total probable reserve tonnes and contained metal compared to prior year - Positive factor: High grade - Positive factor: Exceptional metallurgical recovery - Negative factor: Decrease in grade compared to prior year Evidence · table > 13,500 Context: Brucejack, Canada #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 13500000 against 8600000 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 2900 against 1900 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-62) NGM · gold #### 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 factor: Increase in total probable reserve tonnes - Positive factor: Moderate metallurgical recovery - Negative factor: Decrease in grade and contained metal compared to prior year Evidence · table > 131,100 Context: NGM Open Pit #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 4300 against 4600 previously **Dilutive Growth** Polarity: negative Definition: 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 ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-63) NGM · gold #### 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 factor: Moderate grade - Positive factor: Moderate metallurgical recovery Evidence · table > 6,800 Context: NGM Stockpiles #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-64) NGM · gold #### 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 factor: Moderate grade - Positive factor: Moderate metallurgical recovery Evidence · table > 20,800 Context: NGM Stockpiles #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-65) NGM · gold #### 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 factor: Moderate metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 1800 against 2000 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-66) NGM · gold #### 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 factor: High grade for proven reserves - Positive factor: Strong metallurgical recovery Evidence · table > 4,200 Context: NGM Underground #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-67) NGM · gold #### 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 factor: High grade for probable reserves - Positive factor: Strong metallurgical recovery Evidence · table > 37,900 Context: NGM Underground #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-68) NGM · gold #### 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 factor: High grade - Positive factor: Strong metallurgical recovery - Negative factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 11200 against 11300 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-69) NGM · gold #### 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 factor: High grade for proven reserves - Positive factor: Strong metallurgical recovery Evidence · table > 10,900 Context: Total NGM, United States #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-70) NGM · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 189,800 Context: Total NGM, United States #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-71) NGM · gold #### 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 factor: Increase in total probable reserve tonnes - Positive factor: Strong metallurgical recovery - Negative factor: Decrease in grade and contained metal compared to prior year Evidence · table > 200,700 Context: Total NGM, United States #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 17400 against 17900 previously **Dilutive Growth** Polarity: negative Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-72) CC&V · gold Historical result Needs review: historical\_restatement #### 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 factor: Asset divested in 2025 Evidence · table > 115,600 Context: CC&V Open Pit #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-73) CC&V · gold Historical result Needs review: historical\_restatement #### 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 factor: Asset divested in 2025 Evidence · table > 34,600 Context: CC&V Leach Pads #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-74) CC&V · gold Historical result Needs review: historical\_restatement #### 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 factor: Asset divested in 2025 Evidence · table > 150,200 Context: Total CC&V, United States #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-75) Musselwhite · gold Historical result Needs review: historical\_restatement #### 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 factor: Asset divested in 2025 Evidence · table > 7,400 Context: Musselwhite, Canada #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-76) Porcupine · gold Historical result Needs review: historical\_restatement #### 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 factor: Asset divested in 2025 Evidence · table > 4,400 Context: Porcupine Underground #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-77) Porcupine · gold Historical result Needs review: historical\_restatement #### 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 factor: Asset divested in 2025 Evidence · table > 30,600 Context: Porcupine Open Pit #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-78) Porcupine · gold Historical result Needs review: historical\_restatement #### 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 factor: Asset divested in 2025 Evidence · table > 34,900 Context: Total Porcupine, Canada #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-79) Éléonore · gold Historical result Needs review: historical\_restatement #### 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 factor: Asset divested in 2025 Evidence · table > 10,100 Context: Éléonore, Canada #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-80) Akyem · gold Historical result Needs review: historical\_restatement #### 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 factor: Asset divested in 2025 Evidence · table > 18,200 Context: Akyem Open Pit #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-81) Akyem · gold Historical result Needs review: historical\_restatement #### 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 factor: Asset divested in 2025 Evidence · table > 700 Context: Akyem Stockpiles #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-82) Akyem · gold Historical result Needs review: historical\_restatement #### 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 factor: Asset divested in 2025 Evidence · table > 19,000 Context: Total Akyem, Ghana #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-83) Total Gold · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 490,900 Context: Total Gold #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-84) Total Gold · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 3,416,100 Context: Total Gold #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-85) Total Gold · gold #### 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 factor: Strong metallurgical recovery - Negative factor: Decrease in total probable reserve tonnes, grade, and contained metal compared to prior year - Negative factor: Impact of divestments and reclassification of Yanacocha Sulfides Evidence · table > 3,907,000 Context: Total Gold #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 118200 against 134100 previously ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-86) Lihir · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 37,500 Context: Lihir, Papua New Guinea #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-87) Lihir · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 239,800 Context: Lihir, Papua New Guinea #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-88) Wafi-Golpu · gold #### 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 factor: Moderate grade - Positive factor: Moderate metallurgical recovery Evidence · table > 53,600 Context: Wafi-Golpu Open Pit #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-89) Wafi-Golpu · gold #### 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 factor: Moderate grade - Positive factor: Moderate metallurgical recovery Evidence · table > 15,500 Context: Wafi-Golpu Open Pit #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-90) Wafi-Golpu · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 140,800 Context: Wafi-Golpu Underground #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-91) Wafi-Golpu · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 91,900 Context: Wafi-Golpu Underground #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-92) Wafi-Golpu · gold #### 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 factor: Moderate grade - Positive factor: Moderate metallurgical recovery Evidence · table > 194,500 Context: Total Wafi-Golpu, Papua New Guinea #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-93) Wafi-Golpu · gold #### 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 factor: Moderate grade - Positive factor: Moderate metallurgical recovery Evidence · table > 107,300 Context: Total Wafi-Golpu, Papua New Guinea #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-94) Cadia · gold #### 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 factor: Strong metallurgical recovery Evidence · table > 1,009,300 Context: Cadia Underground #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-95) Cadia · gold #### 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 factor: Strong metallurgical recovery Evidence · table > 163,900 Context: Cadia Underground #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-96) Cadia · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 28,500 Context: Cadia Stockpiles #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-97) Cadia · gold #### 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 factor: Strong metallurgical recovery Evidence · table > 28,500 Context: Total Cadia, Australia #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-98) Cadia · gold #### 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 factor: Strong metallurgical recovery Evidence · table > 1,009,300 Context: Total Cadia, Australia #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-99) Cadia · gold #### 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 factor: Strong metallurgical recovery - Negative factor: Significant decrease in total indicated resource tonnes and contained metal compared to prior year - Negative factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-100) Cadia · gold #### 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 factor: Strong metallurgical recovery - Negative factor: Significant decrease in total inferred resource tonnes and contained metal compared to prior year - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-101) Tanami · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 10,000 Context: Tanami Open Pit #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-102) Tanami · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 27,300 Context: Tanami Open Pit #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-103) Tanami · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 37,200 Context: Tanami Open Pit #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-104) Tanami · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 5,500 Context: Tanami Open Pit #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-105) Tanami · gold #### 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 factor: High grade for measured resources - Positive factor: Exceptional metallurgical recovery Evidence · table > 2,600 Context: Tanami Underground #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-106) Tanami · gold #### 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 factor: High grade for indicated resources - Positive factor: Exceptional metallurgical recovery Evidence · table > 6,800 Context: Tanami Underground #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-107) Tanami · gold #### 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 factor: High grade for indicated resources - Positive factor: Exceptional metallurgical recovery Evidence · table > 9,400 Context: Tanami Underground #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-108) Tanami · gold #### 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 factor: High grade for inferred resources - Positive factor: Exceptional metallurgical recovery Evidence · table > 17,600 Context: Tanami Underground #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-109) Tanami · gold #### 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 factor: Moderate grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 12,500 Context: Total Tanami, Australia #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-110) Tanami · gold #### 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 factor: Moderate grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 34,100 Context: Total Tanami, Australia #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-111) Tanami · gold #### 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 factor: Moderate grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 46,600 Context: Total Tanami, Australia #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-112) Tanami · gold #### 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 factor: High grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 23,100 Context: Total Tanami, Australia #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-113) Boddington · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 97,300 Context: Boddington, Australia #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-114) Boddington · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 168,200 Context: Boddington, Australia #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-115) Boddington · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 265,500 Context: Boddington, Australia #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-116) Boddington · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 3,800 Context: Boddington, Australia #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-117) Ahafo South · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 1,000 Context: Ahafo South Open Pit #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-118) Ahafo South · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 5,000 Context: Ahafo South Open Pit #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-119) Ahafo South · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 6,100 Context: Ahafo South Open Pit #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-120) Ahafo South · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 3,200 Context: Ahafo South Open Pit #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-121) Ahafo South · gold #### 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 factor: Strong metallurgical recovery - Negative factor: Grade not provided Evidence · table > 1,200 Context: Ahafo South Underground #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-122) Ahafo South · gold #### 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 factor: High grade for indicated resources - Positive factor: Exceptional metallurgical recovery Evidence · table > 41,400 Context: Ahafo South Underground #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-123) Ahafo South · gold #### 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 factor: High grade for indicated resources - Positive factor: Exceptional metallurgical recovery Evidence · table > 42,500 Context: Ahafo South Underground #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-124) Ahafo South · gold #### 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 factor: Moderate grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 19,500 Context: Ahafo South Underground #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-125) Ahafo South · gold #### 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 factor: Moderate grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 2,200 Context: Total Ahafo South, Ghana #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-126) Ahafo South · gold #### 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 factor: High grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 46,400 Context: Total Ahafo South, Ghana #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-127) Ahafo South · gold #### 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 factor: Increase in total indicated resource tonnes and contained metal compared to prior year - Positive factor: High grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 48,600 Context: Total Ahafo South, Ghana #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-128) Ahafo South · gold #### 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 factor: Increase in total inferred resource tonnes and contained metal compared to prior year - Positive factor: Moderate grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 22,700 Context: Total Ahafo South, Ghana #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-129) Ahafo North · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 6,600 Context: Ahafo North, Ghana #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-130) Ahafo North · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 36,300 Context: Ahafo North, Ghana #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-131) Ahafo North · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 42,900 Context: Ahafo North, Ghana #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-132) Ahafo North · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 18,100 Context: Ahafo North, Ghana #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-133) Ahafo Complex · gold #### 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 factor: Moderate grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 8,700 Context: Total Ahafo Complex, Ghana #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-134) Ahafo Complex · gold #### 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 factor: Moderate grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 82,700 Context: Total Ahafo Complex, Ghana #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-135) Ahafo Complex · gold #### 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 factor: Increase in total indicated resource tonnes and contained metal compared to prior year - Positive factor: Moderate grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 91,400 Context: Total Ahafo Complex, Ghana #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-136) Ahafo Complex · gold #### 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 factor: Increase in total inferred resource tonnes and contained metal compared to prior year - Positive factor: Moderate grade - Positive factor: Exceptional metallurgical recovery Evidence · table > 40,900 Context: Total Ahafo Complex, Ghana #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-137) Merian · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 5,200 Context: Merian, Suriname #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-138) Merian · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 49,600 Context: Merian, Suriname #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-139) Merian · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 54,800 Context: Merian, Suriname #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-140) Merian · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 79,700 Context: Merian, Suriname #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-141) Cerro Negro · gold #### 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 factor: High grade for measured resources - Positive factor: Exceptional metallurgical recovery Evidence · table > 1,300 Context: Cerro Negro, Argentina #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-142) Cerro Negro · gold #### 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 factor: High grade for indicated resources - Positive factor: Exceptional metallurgical recovery Evidence · table > 1,900 Context: Cerro Negro, Argentina #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-143) Cerro Negro · gold #### 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 factor: High grade for indicated resources - Positive factor: Exceptional metallurgical recovery Evidence · table > 3,200 Context: Cerro Negro, Argentina #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-144) Cerro Negro · gold #### 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 factor: High grade for inferred resources - Positive factor: Exceptional metallurgical recovery Evidence · table > 7,500 Context: Cerro Negro, Argentina #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-145) Pueblo Viejo · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 7,300 Context: Pueblo Viejo, Dominican Republic #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-146) Pueblo Viejo · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 33,100 Context: Pueblo Viejo, Dominican Republic #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-147) Pueblo Viejo · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 40,300 Context: Pueblo Viejo, Dominican Republic #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-148) Pueblo Viejo · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 6,300 Context: Pueblo Viejo, Dominican Republic #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-149) NuevaUnión · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 4,800 Context: NuevaUnión, Chile #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-150) NuevaUnión · gold #### 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 factor: Moderate grade - Positive factor: Moderate metallurgical recovery Evidence · table > 118,300 Context: NuevaUnión, Chile #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-151) NuevaUnión · gold #### 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 factor: Moderate grade - Positive factor: Moderate metallurgical recovery Evidence · table > 123,100 Context: NuevaUnión, Chile #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-152) NuevaUnión · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 239,800 Context: NuevaUnión, Chile #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-153) Norte Abierto · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 77,700 Context: Norte Abierto, Chile #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-154) Norte Abierto · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 525,500 Context: Norte Abierto, Chile #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-155) Norte Abierto · gold #### 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 factor: Moderate grade - Positive factor: Strong metallurgical recovery Evidence · table > 603,200 Context: Norte Abierto, Chile #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newmont-reports-2025-mineral-reserves-of-118-2-million-gold-ounces-and-12-5-mill--6e1d5e20-73ee-48ea-ac3f-001f1af57839#fact-resource-facts-156) Norte Abierto · gold #### 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 factor: Moderate metallurgical recovery Evidence · table > 381,100 Context: Norte Abierto, Chile #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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.