Newmont has announced its 2026 production guidance for gold assets across Australia, underpinned by elevated capital spending across operations.
At Boddington, the gold-copper project based in the Saddleback greenbelt of Western Australia, production is expected to sit at around 580,000 ounces of gold this year, a slight increase year-on-year supported by higher mill throughput and improved grades.
Tanami is expected to produce 365,000 ounces of gold in 2026 with critical development also set to take place at the site in the Northern Territory, with a project designed to enhance underground ventilation and the site’s overall mine-life at depth.
Whilst production at the site is earmarked to be slightly lower than the previous year, Newmont said this is due to transition to the next panel cave phase, allowing for greater long-term development.
“2025 was a milestone year for Newmont, as we delivered on our full-year guidance, strengthened our financial position and made meaningful progress on our commitments,” Newmont chief executive officer Natascha Viljoen said.
Almost $2 billion has been earmarked in the company’s most recent reporting in sustaining capital and around $1.4 billion in development capital – allocated to major projects such as the Tanami Expansion 2 project and panel cave works at Cadia.
Total gold mineral reserves across Newmont’s entire portfolio sat at 118.2 million attributable ounces at the end of 2025, compared to 134.1 million the year before – with 12.5 million tonnes of copper and 442 million ounces of silver.