Newmont Reports 2025 Mineral Reserves of 118.2 Million Gold Ounces and 12.5 Million Tonnes of Copper

Newmont maintains industry's largest gold reserve base with decades of production life and significant upside potential

Published on Feb. 26, 2026

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Newmont Corporation reported gold Mineral Reserves of 118.2 million attributable ounces at the end of 2025, representing the industry's largest gold reserve base. The company also reported 12.5 million attributable tonnes of copper reserves and 442 million attributable ounces of silver reserves.

Why it matters

Newmont's robust reserve base and diverse portfolio of metals provide the company with a strong foundation for long-term production and growth. As one of the world's leading gold producers, Newmont's reserve position is a key differentiator, anchored in favorable mining jurisdictions with significant upside potential from its organic project pipeline.

The details

Newmont's gold reserves decreased by 15.9 million ounces in 2025, primarily due to the divestment of several assets, depletion from mining, and reclassification of the Yanacocha Sulfides project reserves to resources. However, the company offset these decreases through price-related revisions, resource conversions, and other additions, particularly at Brucejack, Tanami, Lihir, Ahafo North, and Ahafo South. Newmont's copper reserves decreased slightly to 12.5 million tonnes, while silver reserves declined to 442 million ounces, mainly due to the Yanacocha Sulfides reclassification and depletion at Peñasquito.

  • Newmont reported its 2025 mineral reserves on February 19, 2026.

The players

Newmont Corporation

An American multinational gold and copper producer and a leading global mining company.

Natascha Viljoen

Newmont's President and Chief Executive Officer.

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What they’re saying

“In 2025, Newmont maintained its position of having the industry's largest gold reserve base, declaring 118 million ounces of reserves, representing decades of production life with meaningful upside.”

— Natascha Viljoen, Newmont's President and Chief Executive Officer (Newmont Corporation)

What’s next

Newmont will recalculate its reserves at the end of 2026, taking into account any changes in metal prices, production and capital costs, divestments, acquisitions, and other factors.

The takeaway

Newmont's industry-leading gold reserve position, coupled with its significant exposure to other valuable metals like copper and silver, positions the company for long-term sustainable production and growth. The company's disciplined approach to exploration and development has enabled it to maintain a robust pipeline of organic growth opportunities.