Newmont’s Gold Reserves Drop 11.9% to 118.2M Ounces Post-Divestment
NEM•Newmont’s attributable gold reserves declined 11.9% to 118.2 million ounces at end-2025 following asset divestments, down from 134.1 million ounces in 2024. The company also holds 12.5 million tonnes of copper and 442 million ounces of silver reserves in its portfolio.
1. Reserve Changes
Newmont reported attributable gold reserves of 118.2 million ounces at the end of 2025, down from 134.1 million ounces at the end of 2024, largely driven by strategic divestments completed during the year.
2. Portfolio Composition
Beyond gold, Newmont's reserve portfolio includes 12.5 million tonnes of copper and 442 million ounces of silver, underscoring its multi-metal resource base and potential revenue diversification.
3. Strategic Outlook
Management emphasizes disciplined exploration and reserve replacement strategies aimed at extending mine life and unlocking value across the world-class asset portfolio despite the recent reserve reduction.
