NC
$121.8B
USD
Market cap · 2026–10 · week 40
🇺🇸 United States, Denver
Country
Precious Metals
Sector
Gold · Senior · Producer · USA · South America · Australia
Last updated 7 August 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Overview:
Newmont Corporation is a senior gold producer headquartered in Denver, Colorado, operating primarily in North America, South America, Australia, and Africa. The portfolio comprises 13 reportable segments, consisting of 12 mining operations that the company manages plus a 38.5% non-managed interest in the Nevada Gold Mines joint venture, complemented by development projects and advanced exploration properties. Key assets include Lihir, Cadia, Boddington, Tanami, Ahafo South, and the Nevada Gold Mines complex. The business model focuses on the exploration, development, and operation of gold properties, with significant co-product production of copper, silver, lead, and zinc. Processing capabilities span milling, heap leaching, roasting, autoclaving, and flotation to produce doré and concentrates across a geographically diverse operating base. A defining competitive characteristic is its standing as the world's leading gold company, with operations concentrated in favorable mining jurisdictions. In October 2025, the company declared commercial production at the Ahafo North project in Ghana, adding a new reportable segment. The group remains subject to mineral price cycles and macroeconomic factors that affect the marketability of its products.
Strategy:
Strategic focus centers on maintaining financial flexibility to execute capital priorities and generate long-term value for stockholders. The enterprise intends to pursue a disciplined capital-allocation strategy, funding near-term development projects such as Tanami Expansion 2 and the Cadia panel caves from existing liquidity and future operating cash flows. A core objective is the continual replacement of depleted reserves through brownfield exploration around existing mines and greenfield exploration globally. The organization has executed a portfolio-optimization program, streamlining operations by divesting non-core assets to concentrate on a smaller set of higher-quality, longer-life operations. Capital allocation is prioritized toward high-return growth opportunities and a resilient balance sheet, while returning capital to stockholders through a sustainable dividend framework and share-repurchase programs. Near-term growth is anchored by the Tanami Expansion 2 and Cadia panel cave projects, alongside the recently commissioned Ahafo North operation in Ghana, which together extend production and lower the cost profile. The approach balances investment in a managed development pipeline with selective participation in joint ventures that extend the company's exposure to tier-one orebodies, while divestiture proceeds are directed toward debt reduction and shareholder returns.
Management:
Executive leadership is headed by President and Chief Executive Officer Natascha Viljoen, who was appointed to the Board and to her role effective January 1, 2026, succeeding Tom Palmer upon his retirement. The senior team includes Peter Wexler as Executive Vice President, Chief Legal Officer, and Interim Chief Financial Officer, and Peter Toth as Executive Vice President and Chief Sustainability and Development Officer. The Board of Directors oversees corporate strategy through four core committees: Audit; Corporate Governance and Nominating; Leadership Development and Compensation; and Safety and Sustainability. Following the leadership transition, overall female representation on the Board increased to 42%, reflecting an emphasis on board diversity. The Audit Committee oversees financial-reporting integrity, the Leadership Development and Compensation Committee aligns executive pay with performance, the Corporate Governance and Nominating Committee maintains board composition and standards, and the Safety and Sustainability Committee oversees environmental and social performance. Governance practices emphasize strong corporate governance, management accountability, and active oversight to mitigate risk and create long-term value, with the Chief Executive Officer serving as the chief operating decision maker for segment reporting.
Sustainability:
The organization's sustainability framework is guided by global policies, standards, and strategies directing environmental stewardship, workforce safety, and social responsibility. A key environmental commitment is a set of science-based greenhouse-gas reduction targets of 32% for Scope 1 and Scope 2 and 30% for Scope 3 by 2030, with an ultimate ambition of carbon neutrality by 2050. The company issued a $1 billion sustainability-linked bond with its coupon tied to performance against 2030 climate targets and female-leadership representation, embedding ESG accountability into its capital structure. Social programs focus on inclusion, diversity, and equity, alongside a commitment to human rights aligned with the UN Guiding Principles. The enterprise publishes an annual sustainability report prepared in accordance with the Global Reporting Initiative Standards and the Sustainability Accounting Standards Board Metals & Mining Industry Standard. Workforce safety is treated as a foundational priority, with global standards directing fatality prevention and the management of tailings and water across the operating portfolio. These programs are overseen by the Board's Safety and Sustainability Committee, integrating sustainability performance into corporate strategy and linking a portion of the company's financing costs to its climate and leadership-diversity targets.
Structure:
A transformational structural change occurred in November 2023 when the company acquired all outstanding shares of Newcrest Mining Limited in an all-stock transaction valued at approximately $13.5 billion, adding assets including Lihir, Cadia, and Red Chris. Across 2024 and 2025, the entity executed a portfolio-optimization program, divesting the Telfer reportable segment in the fourth quarter of 2024, the CC&V, Musselwhite, and Éléonore segments in the first quarter of 2025, the Porcupine and Akyem segments in the second quarter of 2025, and the Coffee development project in the fourth quarter of 2025. A central joint venture is Nevada Gold Mines, in which the company holds a 38.5% economic interest alongside operator Barrick Mining Corporation. The corporate structure also includes a 40% equity interest in the Pueblo Viejo mine, a 50% interest in the NuevaUnión and Norte Abierto projects, and a 32% equity interest in Lundin Gold Inc., operator of the Fruta del Norte mine. The Pueblo Viejo interest is held alongside operator Barrick, which also operates the Nevada Gold Mines venture, concentrating the company's joint-venture exposure with a single major counterparty across two cornerstone districts. These transactions reflect a strategy of consolidating tier-one gold assets through the Newcrest combination while shedding non-core operations to sharpen portfolio quality and strengthen the balance sheet.
Hedge:
The company maintains an unhedged posture on its gold, copper, silver, lead, and zinc sales to provide stockholders with direct leverage to commodity prices. Foreign-exchange policy permits the use of fixed forward contracts to mitigate variability in U.S.-dollar-functional cash flows related to operating and capital expenditures denominated in other currencies. As of December 31, 2025, the company held Australian-dollar- and Canadian-dollar-denominated fixed forward contracts covering forecast expenditures through December 2026. The company also holds a 15-year power purchase agreement for the Cadia mine to mitigate variability in future cash flows related to power purchases. These instruments are used to manage input-cost and currency variability rather than to hedge commodity-price exposure.
Source:
Newmont Corporation - 10-K Filing - 2025
Portfolio Aggregate · 1 project
Portfolio mode — asset rows are for context only; tab totals use the company aggregation.
Newmont Consolidated Portfolio
Portfolio
United States
Gold
5/5
Silver
5/5
Mining
Type
Operating
Status
🇺🇸 United States
Country
Project information
As at 31 December 2025
Aggregation level:
Company portfolio
Aggregation level:
Company portfolio
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit Underground
Extraction:
Open Pit Underground
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
Newmont Corporation consolidated portfolio. Newmont (incorporated 1921) is primarily a gold producer with operations and/or assets in 12 countries. Acquired Newcrest Mining Limited in November 2023 (added Lihir, Cadia, Telfer, Brucejack, Red Chris, Wafi-Golpu, Havieron, Lundin Gold equity stake, etc.). Completed portfolio optimisation 2024-2025 — divested CC&V, Musselwhite, Éléonore, Porcupine, Akyem, Telfer and Coffee development project. Achieved commercial production at Ahafo North in October 2025. 13 reportable segments at Dec 31, 2025.
Portfolio Aggregate
As at 31 December 2025 · exclusive
| Commodity | Production | Reserves & Resources | Grade |
|---|---|---|---|
|
Gold
|
5 889 koz/yr
|
206.3 moz P&P + M&I; 60.6 moz Inferred
|
0.94 g/t
|
|
Silver
|
28 moz/yr
|
326 moz P&P + M&I
|
4.36 g/t
|
|
Copper
|
134.26 kt/yr
|
12 400 kt P&P + M&I
|
0.34 %
|
|
Molybdenum
|
-
|
440.92 mlb P&P + M&I
|
0.01 %
|
|
Zinc
|
230.88 kt/yr
|
1.5 mt P&P + M&I
|
0.67 %
|
|
Lead
|
97.98 kt/yr
|
0.7 mt P&P + M&I
|
0.3 %
|
Commodity
Production
Reserves & Resources
Grade
Gold
5 889 koz/yr
206.3 moz P&P + M&I; 60.6 moz Inferred
0.94 g/t
Commodity
Production
Reserves & Resources
Grade
Silver
28 moz/yr
326 moz P&P + M&I
4.36 g/t
Commodity
Production
Reserves & Resources
Grade
Copper
134.26 kt/yr
12 400 kt P&P + M&I
0.34 %
Commodity
Production
Reserves & Resources
Grade
Molybdenum
-
440.92 mlb P&P + M&I
0.01 %
Commodity
Production
Reserves & Resources
Grade
Zinc
230.88 kt/yr
1.5 mt P&P + M&I
0.67 %
Commodity
Production
Reserves & Resources
Grade
Lead
97.98 kt/yr
0.7 mt P&P + M&I
0.3 %
Portfolio Aggregate — Assumptions & Disclaimers
Assumptions
- When a Portfolio Aggregate row exists, individual asset rows are not summed into it — that would double-count.
- The aggregate typically comes from the annual reserves statement and may use a different effective date than individual asset rows.
- Production value (est.) is attributable annual production × the resolved commodity price (compact USD with an optional mix share in parentheses when multiple commodities contribute; short price label on the second line). Estimated lifetime is not shown on this table — use per-asset Oil & Gas sections for reserve life.
Disclaimer
- Portfolio-level rollups are convenient for company-vs-company comparisons but can mask asset-level concentration risk: a single producing field or mine may account for the majority of the rollup figure.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
3.907e+06 kt
|
118.2 moz
|
0.94 g/t
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
4.7093e+06 kt
|
88.1 moz
|
0.58 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
2.1826e+06 kt
|
60.6 moz
|
—
|
—
|
2025-12-31
|
|
Copper
|
Proven And Probable
|
No
|
3.648e+06 kt
|
12 400 kt
|
0.34 %
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
3.1512e+06 kt
|
326 moz
|
4.36 g/t
|
—
|
2025-12-31
|
|
Molybdenum
|
Proven And Probable
|
No
|
1.7733e+06 kt
|
200 kt
|
0.01 %
|
—
|
2025-12-31
|
|
Lead
|
Proven And Probable
|
No
|
—
|
700 kt
|
0.3 %
|
—
|
2025-12-31
|
|
Zinc
|
Proven And Probable
|
No
|
—
|
1 500 kt
|
0.67 %
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
3.907e+06 kt
Contained
118.2 moz
Grade
0.94 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
4.7093e+06 kt
Contained
88.1 moz
Grade
0.58 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
2.1826e+06 kt
Contained
60.6 moz
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Proven And Probable
Incl. of reserves
No
Tonnage
3.648e+06 kt
Contained
12 400 kt
Grade
0.34 %
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
3.1512e+06 kt
Contained
326 moz
Grade
4.36 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Molybdenum
Category
Proven And Probable
Incl. of reserves
No
Tonnage
1.7733e+06 kt
Contained
200 kt
Grade
0.01 %
Basis
—
Eff. date
2025-12-31
Commodity
Lead
Category
Proven And Probable
Incl. of reserves
No
Tonnage
—
Contained
700 kt
Grade
0.3 %
Basis
—
Eff. date
2025-12-31
Commodity
Zinc
Category
Proven And Probable
Incl. of reserves
No
Tonnage
—
Contained
1 500 kt
Grade
0.67 %
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Operating · 14 projects
Boddington
Asset
Australia, Western Australia
Gold
5/5
Copper
2/5
Mining
Type
Operating
Status
🇦🇺 Australia, Western Australia
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
100%-owned open-pit copper-gold mine in southwestern Western Australia. NSR cut-off ≥$18.24/t. Reserves at $2,000/oz Au, $3.75/lb Cu. 2025: 565 koz Au + 53 Mlb Cu; AISC $1,501/oz Au. Gold reserves decreased ~6% YoY due to depletion and negative technical revisions; copper reserves remained consistent.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
565 koz/yr
5/5
|
14.5 moz P&P + M&I
5/5
|
0.58 g/t
1/5
|
AISC 1 501 USD/oz
|
reserves 18.1 yrs
resources 7.6 yrs
|
|
Copper
|
24.04 kt/yr
1/5
|
800 kt P&P + M&I
2/5
|
0.09 %
1/5
|
-
|
reserves 20.8 yrs
resources 12.5 yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
565 koz/yr
5/5
14.5 moz P&P + M&I
5/5
0.58 g/t
1/5
AISC 1 501 USD/oz
reserves 18.1 yrs
resources 7.6 yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
24.04 kt/yr
1/5
800 kt P&P + M&I
2/5
0.09 %
1/5
-
reserves 20.8 yrs
resources 12.5 yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
274100 kt
|
—
|
0.55 g/t
|
—
|
2025-12-31
|
|
Gold
|
Proven And Probable
|
No
|
545100 kt
|
10.2 moz
|
0.58 g/t
|
—
|
2025-12-31
|
|
Copper
|
Proven And Probable
|
No
|
545100 kt
|
500 kt
|
0.09 %
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
265500 kt
|
4.3 moz
|
0.5 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
3800 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Copper
|
Measured And Indicated
|
No
|
265500 kt
|
300 kt
|
0.11 %
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
274100 kt
Contained
—
Grade
0.55 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
545100 kt
Contained
10.2 moz
Grade
0.58 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Proven And Probable
Incl. of reserves
No
Tonnage
545100 kt
Contained
500 kt
Grade
0.09 %
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
265500 kt
Contained
4.3 moz
Grade
0.5 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
3800 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
265500 kt
Contained
300 kt
Grade
0.11 %
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Cadia
Asset · Operating
Australia, New South Wales
Gold
5/5
Copper
4/5
Mining
Type
Operating
Status
🇦🇺 Australia, New South Wales
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Environment:
Onshore
Environment:
Onshore
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
Description
As at 31 December 2025
100%-owned underground panel cave copper-gold mine ~25 km south-southwest of Orange, NSW, Australia. Acquired via Newcrest transaction (2023). Cadia Panel Caves project includes two panel caves (PC2-3 ongoing through late 2026; PC1-2 first drawbell fired Dec 2025) to recover ~5 Moz gold reserves and 1.1 Mt copper reserves. NSR cut-off ≥$24.62/t. Reserves at $2,000/oz Au, $3.75/lb Cu, $25/oz Ag, $13/lb Mo. 2025: 385 koz Au + 180 Mlb Cu + Ag credits.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
385 koz/yr
4/5
|
23.2 moz P&P + M&I
5/5
|
0.42 g/t
1/5
|
AISC 1 176 USD/oz
|
reserves 25+ yrs
resources 24.4 yrs
|
|
Copper
|
81.65 kt/yr
2/5
|
5 500 kt P&P + M&I
4/5
|
0.29 %
1/5
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
|
Molybdenum
|
-
|
220.46 mlb P&P + M&I
3/5
|
0.01 %
1/5
|
-
|
-
|
|
Silver
|
-
|
42 moz P&P + M&I
2/5
|
0.67 g/t
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
385 koz/yr
4/5
23.2 moz P&P + M&I
5/5
0.42 g/t
1/5
AISC 1 176 USD/oz
reserves 25+ yrs
resources 24.4 yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
81.65 kt/yr
2/5
5 500 kt P&P + M&I
4/5
0.29 %
1/5
-
reserves 25+ yrs
resources 25+ yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Molybdenum
-
220.46 mlb P&P + M&I
3/5
0.01 %
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
-
42 moz P&P + M&I
2/5
0.67 g/t
1/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
1.0076e+06 kt
|
13.5 moz
|
0.42 g/t
|
—
|
2025-12-31
|
|
Copper
|
Proven And Probable
|
No
|
1.0076e+06 kt
|
2 900 kt
|
0.29 %
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
1.0076e+06 kt
|
21.8 moz
|
0.67 g/t
|
—
|
2025-12-31
|
|
Molybdenum
|
Proven And Probable
|
No
|
996400 kt
|
100 kt
|
0.01 %
|
—
|
2025-12-31
|
|
Gold
|
Indicated
|
No
|
1.0093e+06 kt
|
9.4 moz
|
—
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
1.0378e+06 kt
|
9.7 moz
|
0.29 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
163900 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Copper
|
Measured And Indicated
|
No
|
1.0378e+06 kt
|
2 600 kt
|
0.25 %
|
—
|
2025-12-31
|
|
Silver
|
Measured And Indicated
|
No
|
1.0093e+06 kt
|
20.2 moz
|
0.62 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
1.0076e+06 kt
Contained
13.5 moz
Grade
0.42 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Proven And Probable
Incl. of reserves
No
Tonnage
1.0076e+06 kt
Contained
2 900 kt
Grade
0.29 %
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
1.0076e+06 kt
Contained
21.8 moz
Grade
0.67 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Molybdenum
Category
Proven And Probable
Incl. of reserves
No
Tonnage
996400 kt
Contained
100 kt
Grade
0.01 %
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Indicated
Incl. of reserves
No
Tonnage
1.0093e+06 kt
Contained
9.4 moz
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
1.0378e+06 kt
Contained
9.7 moz
Grade
0.29 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
163900 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
1.0378e+06 kt
Contained
2 600 kt
Grade
0.25 %
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
1.0093e+06 kt
Contained
20.2 moz
Grade
0.62 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Lihir
Asset
Papua New Guinea, New Ireland Province
Gold
5/5
Mining
Type
Operating
Status
🇵🇬 Papua New Guinea, New Ireland Province
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
100%-owned open-pit gold mine on Aniolam Island (Lihir Group), Papua New Guinea, ~900 km northeast of Port Moresby. Acquired via Newcrest transaction (2023). Reserves at $2,000/oz Au and Newmont's 2025 operator-set assumptions. Includes Lihir Open Pits and Lihir Stockpiles. 2025 production 585 koz Au (vs 2024 614 koz), AISC $1,642/oz. PNG bullion policy and Lihir mining development contract may require local PNG refining of a portion of production.
Mining metrics
Multiple effective dates · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
585 koz/yr
5/5
|
18.4 moz P&P + M&I
5/5
|
2.26 g/t
3/5
|
AISC 1 642 USD/oz
Cash cost 1 297 USD/oz
|
reserves 20.7 yrs
resources 4.1 yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
585 koz/yr
5/5
18.4 moz P&P + M&I
5/5
2.26 g/t
3/5
AISC 1 642 USD/oz
Cash cost 1 297 USD/oz
reserves 20.7 yrs
resources 4.1 yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Open Pits - Lihir
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
147900 kt
|
12.1 moz
|
2.55 g/t
|
—
|
2025-12-31
|
|
Lihir Stockpiles
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
72300 kt
|
3.8 moz
|
1.65 g/t
|
—
|
2025-12-31
|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Inferred
|
No
|
239800 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Gold
|
Proven And Probable
|
No
|
220200 kt
|
16 moz
|
2.26 g/t
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
37500 kt
|
2.4 moz
|
1.99 g/t
|
—
|
2025-12-31
|
Commodity
Open Pits - Lihir
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
147900 kt
Contained
12.1 moz
Grade
2.55 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Lihir Stockpiles
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
72300 kt
Contained
3.8 moz
Grade
1.65 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
239800 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
220200 kt
Contained
16 moz
Grade
2.26 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
37500 kt
Contained
2.4 moz
Grade
1.99 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Peñasquito
Asset
Mexico, Zacatecas
Silver
5/5
Gold
3/5
Mining
Type
Operating
Status
🇲🇽 Mexico, Zacatecas
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
100%-owned open-pit polymetallic Au-Ag-Pb-Zn mine in Zacatecas, Mexico. Reserves at $2,000/oz Au, $25/oz Ag, $0.90/lb Pb, $1.20/lb Zn. 2025: 415 koz Au + 28 Moz Ag + 216 Mlb Pb + 509 Mlb Zn produced; AISC $1,321/oz Au. Gross PP&E $5,957M at Dec 31, 2025. Brownfield exploration ongoing. Considered subject to Mexico social, political, regulatory and economic risks.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Silver
|
28 moz/yr
5/5
|
369.9 moz P&P + M&I
5/5
|
32.37 g/t
1/5
|
-
|
reserves 8.2 yrs
resources 5 yrs
|
|
Gold
|
415 koz/yr
4/5
|
4.8 moz P&P + M&I
3/5
|
0.45 g/t
1/5
|
AISC 1 321 USD/oz
|
reserves 7.7 yrs
resources 3.9 yrs
|
|
Zinc
|
230.88 kt/yr
3/5
|
1.5 mt P&P + M&I
2/5
|
0.67 %
1/5
|
-
|
reserves 6.5 yrs
|
|
Lead
|
97.98 kt/yr
3/5
|
1.1 mt P&P + M&I
2/5
|
0.3 %
1/5
|
-
|
reserves 7.1 yrs
resources 4.1 yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
28 moz/yr
5/5
369.9 moz P&P + M&I
5/5
32.37 g/t
1/5
-
reserves 8.2 yrs
resources 5 yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
415 koz/yr
4/5
4.8 moz P&P + M&I
3/5
0.45 g/t
1/5
AISC 1 321 USD/oz
reserves 7.7 yrs
resources 3.9 yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Zinc
230.88 kt/yr
3/5
1.5 mt P&P + M&I
2/5
0.67 %
1/5
-
reserves 6.5 yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Lead
97.98 kt/yr
3/5
1.1 mt P&P + M&I
2/5
0.3 %
1/5
-
reserves 7.1 yrs
resources 4.1 yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
221000 kt
|
3.2 moz
|
0.45 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
221000 kt
|
230 moz
|
32.37 g/t
|
—
|
2025-12-31
|
|
Lead
|
Proven And Probable
|
No
|
221000 kt
|
700 kt
|
0.3 %
|
—
|
2025-12-31
|
|
Zinc
|
Proven And Probable
|
No
|
221000 kt
|
1 500 kt
|
0.67 %
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
224900 kt
|
1.6 moz
|
0.23 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
9200 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Silver
|
Measured And Indicated
|
No
|
172100 kt
|
139.9 moz
|
25.28 g/t
|
—
|
2025-12-31
|
|
Lead
|
Measured And Indicated
|
No
|
—
|
400 kt
|
0.24 %
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
221000 kt
Contained
3.2 moz
Grade
0.45 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
221000 kt
Contained
230 moz
Grade
32.37 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Lead
Category
Proven And Probable
Incl. of reserves
No
Tonnage
221000 kt
Contained
700 kt
Grade
0.3 %
Basis
—
Eff. date
2025-12-31
Commodity
Zinc
Category
Proven And Probable
Incl. of reserves
No
Tonnage
221000 kt
Contained
1 500 kt
Grade
0.67 %
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
224900 kt
Contained
1.6 moz
Grade
0.23 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
9200 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
172100 kt
Contained
139.9 moz
Grade
25.28 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Lead
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
—
Contained
400 kt
Grade
0.24 %
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Peñasquito
|
🇲🇽 Mexico, Zacatecas
|
2.0% NSR royalty on all metals produced from areas subject to our royalty interest at the Peñasquito mine. Acquired in January 2007 from Minera Kennecott S.A. de C.V.
|
Peñasquito
Location
Conditions
🇲🇽 Mexico, Zacatecas
2.0% NSR royalty on all metals produced from areas subject to our royalty interest at the Peñasquito mine. Acquired in January 2007 from Minera Kennecott S.A. de C.V.
| Company | Stream | ||
|---|---|---|---|
| Location | Conditions | ||
|
Peñasquito
|
🇲🇽 Mexico
|
25% of payable silver; Per ounce cash payment of $4.62.
|
Location
Conditions
🇲🇽 Mexico
25% of payable silver; Per ounce cash payment of $4.62.
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Pueblo Viejo
Asset · Ownership 40%
Dominican Republic, Sánchez Ramírez
Gold
5/5
Silver
2/5
Mining
Type
Operating
Status
🇩🇴 Dominican Republic, Sánchez Ramírez
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
40
Ownership %:
40
Operator:
No
Operator:
No
Operator name:
Barrick Mining Corporation
Operator name:
Barrick Mining Corporation
Extraction:
Open Pit
Extraction:
Open Pit
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
Newmont 40%-owned open-pit gold-silver mine in Sánchez Ramírez, Dominican Republic, operated by Barrick (60%). Accounted for as equity-method investment. Reserves at $1,500/oz Au and $21/oz Ag (Barrick-set pricing). 2025: 253 koz Au attributable. Newmont is subject to funding requirements per Pueblo Viejo loan agreements.
Mining metrics
Multiple effective dates · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
101.2 koz/yr
2/5
|
4 moz P&P + M&I
10 moz P&P + M&I
3/5
|
2.06 g/t
3/5
|
-
|
reserves 25+ yrs
resources 7.1 yrs
|
|
Silver
|
-
|
17.4 moz P&P + M&I
43.5 moz P&P + M&I
1/5
|
12.3 g/t
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
101.2 koz/yr
2/5
4 moz P&P + M&I
10 moz P&P + M&I
3/5
2.06 g/t
3/5
-
reserves 25+ yrs
resources 7.1 yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
-
17.4 moz P&P + M&I
43.5 moz P&P + M&I
1/5
12.3 g/t
1/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
123900 kt
|
8.2 moz
|
2.06 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
123900 kt
|
35.2 moz
|
12.3 g/t
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
40300 kt
|
1.8 moz
|
1.36 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
6300 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Silver
|
Measured And Indicated
|
No
|
33100 kt
|
8.3 moz
|
7.79 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
123900 kt
Contained
8.2 moz
Grade
2.06 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
123900 kt
Contained
35.2 moz
Grade
12.3 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
40300 kt
Contained
1.8 moz
Grade
1.36 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
6300 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
33100 kt
Contained
8.3 moz
Grade
7.79 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Stream | ||
|---|---|---|---|
| Location | Conditions | ||
|
Pueblo Viejo
|
🇩🇴 Dominican Republic, Sánchez Ramírez
|
7.5% of Barrick's 60% interest in payable gold until 990,000 ounces delivered, 3.75% thereafter. 75% of Barrick's interest in payable silver until 50 million ounces delivered, 37.5% thereafter. Cash purchase price is 30% of spot until thresholds met, 60% thereafter. Silver deliveries subject to deferral mechanism if recovery falls below 52.5%.
|
Pueblo Viejo
Location
Conditions
🇩🇴 Dominican Republic, Sánchez Ramírez
7.5% of Barrick's 60% interest in payable gold until 990,000 ounces delivered, 3.75% thereafter. 75% of Barrick's interest in payable silver until 50 million ounces delivered, 37.5% thereafter. Cash purchase price is 30% of spot until thresholds met, 60% thereafter. Silver deliveries subject to deferral mechanism if recovery falls below 52.5%.
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Ahafo North
Asset
Ghana, Brong-Ahafo
Gold
4/5
Mining
Type
Operating
Status
🇬🇭 Ghana, Brong-Ahafo
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
100%-owned open-pit gold mine in Ghana, ~30 km from Ahafo South. Commercial production declared in October 2025; classified as reportable segment thereafter. Cut-off ≥0.60 g/t Au. 2025: 70 koz Au (partial year, includes 21 development ounces). AISC $701/oz. Brownfield exploration ongoing, including development of the Eastern district.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
70 koz/yr
2/5
|
7 moz P&P + M&I
4/5
|
2.23 g/t
3/5
|
AISC 701 USD/oz
|
reserves 25+ yrs
resources 25+ yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
70 koz/yr
2/5
7 moz P&P + M&I
4/5
2.23 g/t
3/5
AISC 701 USD/oz
reserves 25+ yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
65500 kt
|
4.7 moz
|
2.23 g/t
|
—
|
2025-12-31
|
|
Gold
|
Indicated
|
No
|
36300 kt
|
2.3 moz
|
—
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
42900 kt
|
2.3 moz
|
1.69 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
18100 kt
|
—
|
—
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
65500 kt
Contained
4.7 moz
Grade
2.23 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Indicated
Incl. of reserves
No
Tonnage
36300 kt
Contained
2.3 moz
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
42900 kt
Contained
2.3 moz
Grade
1.69 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
18100 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Tanami
Asset · Operating
Australia, Northern Territory
Gold
4/5
Mining
Type
Operating
Status
🇦🇺 Australia, Northern Territory
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
100%-owned underground gold mine in Northern Territory, Australia. Tanami Expansion 2 (TE2) project under construction: 1,460-m hoisting shaft + supporting infrastructure to extend mine life beyond 2040 and lift annual production through first five years (2028-2032). Commercial production from TE2 expected H2 2027. 2025 production 391 koz Au (vs 2024 408 koz). Gross property, plant & mine development at Dec 31, 2025: $3,965M.
Mining metrics
Multiple effective dates · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
391 koz/yr
4/5
|
8.2 moz P&P + M&I
4/5
|
5.03 g/t
4/5
|
AISC 1 445 USD/oz
|
reserves 13.6 yrs
resources 4.6 yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
391 koz/yr
4/5
8.2 moz P&P + M&I
4/5
5.03 g/t
4/5
AISC 1 445 USD/oz
reserves 13.6 yrs
resources 4.6 yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Tanami Open Pit
|
|
|
|
|
|
|
|
|
Gold
|
Indicated
|
No
|
27300 kt
|
1.8 moz
|
—
|
—
|
2025-12-31
|
|
Tanami Underground
|
|
|
|
|
|
|
|
|
Gold
|
Indicated
|
No
|
6800 kt
|
1.1 moz
|
—
|
—
|
2025-12-31
|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
32800 kt
|
5.3 moz
|
5.03 g/t
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
46600 kt
|
2.9 moz
|
1.91 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
23100 kt
|
—
|
—
|
—
|
2025-12-31
|
Commodity
Tanami Open Pit
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Indicated
Incl. of reserves
No
Tonnage
27300 kt
Contained
1.8 moz
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Tanami Underground
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Indicated
Incl. of reserves
No
Tonnage
6800 kt
Contained
1.1 moz
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
32800 kt
Contained
5.3 moz
Grade
5.03 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
46600 kt
Contained
2.9 moz
Grade
1.91 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
23100 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Merian
Asset · Ownership 75%
Suriname, Sipaliwini
Gold
4/5
Mining
Type
Operating
Status
🇸🇷 Suriname, Sipaliwini
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
75
Ownership %:
75
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Environment:
Onshore
Environment:
Onshore
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
Description
As at 31 December 2025
75%-owned open-pit gold mine in southeastern Suriname (Staatsolie 25%). Gravity + cyanide leach + CIL processing, elution, electrowinning, induction furnace smelting to gold doré. Reserves at $2,000/oz Au. 2025: 237 koz Au attributable; AISC $1,899/oz. Brownfield exploration ongoing. Gross PP&E at Dec 31, 2025: $1,384M.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
177.75 koz/yr
3/5
|
4.72 moz P&P + M&I
6.3 moz P&P + M&I
3/5
|
1.09 g/t
2/5
|
AISC 1 899 USD/oz
|
reserves 19 yrs
resources 7.6 yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
177.75 koz/yr
3/5
4.72 moz P&P + M&I
6.3 moz P&P + M&I
3/5
1.09 g/t
2/5
AISC 1 899 USD/oz
reserves 19 yrs
resources 7.6 yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
129400 kt
|
4.5 moz
|
1.09 g/t
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
54800 kt
|
1.8 moz
|
1.05 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
79700 kt
|
—
|
—
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
129400 kt
Contained
4.5 moz
Grade
1.09 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
54800 kt
Contained
1.8 moz
Grade
1.05 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
79700 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Red Chris
Asset · Operating · Ownership 70%
Canada, British Columbia
Gold
4/5
Copper
3/5
Mining
Type
Operating
Status
🇨🇦 Canada, British Columbia
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
70
Ownership %:
70
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit Underground
Extraction:
Open Pit Underground
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
70%-owned open-pit copper-gold mine in northwestern British Columbia, Canada (Imperial Metals 30%). Acquired via Newcrest transaction (2023). Red Chris Block Cave development project underway (UG reserves at $1,300/oz Au, $3.00/lb Cu — lower-confidence pricing than operator-set). 2025: 62 koz Au + 63 Mlb Cu; AISC $1,797/oz.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
43.4 koz/yr
1/5
|
5.11 moz P&P + M&I
7.3 moz P&P + M&I
4/5
|
0.34 g/t
1/5
|
AISC 1 797 USD/oz
|
reserves 25+ yrs
resources 25+ yrs
|
|
Copper
|
20 kt/yr
1/5
|
1 400 kt P&P + M&I
2 000 kt P&P + M&I
2/5
|
0.34 %
1/5
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
43.4 koz/yr
1/5
5.11 moz P&P + M&I
7.3 moz P&P + M&I
4/5
0.34 g/t
1/5
AISC 1 797 USD/oz
reserves 25+ yrs
resources 25+ yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
20 kt/yr
1/5
1 400 kt P&P + M&I
2 000 kt P&P + M&I
2/5
0.34 %
1/5
-
reserves 25+ yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
181500 kt
|
3.6 moz
|
0.62 g/t
|
—
|
2025-12-31
|
|
Copper
|
Proven And Probable
|
No
|
181500 kt
|
900 kt
|
0.52 %
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
334800 kt
|
3.7 moz
|
0.34 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
62000 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Copper
|
Measured And Indicated
|
No
|
334800 kt
|
1 100 kt
|
0.34 %
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
181500 kt
Contained
3.6 moz
Grade
0.62 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Proven And Probable
Incl. of reserves
No
Tonnage
181500 kt
Contained
900 kt
Grade
0.52 %
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
334800 kt
Contained
3.7 moz
Grade
0.34 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
62000 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
334800 kt
Contained
1 100 kt
Grade
0.34 %
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Red Chris
|
🇨🇦 Canada, British Columbia
|
1.0% NSR royalty on all metals produced from an area covering approximately 51 square kilometers, which includes the currently known mineralization and prospective exploration areas of Red Chris. Royalty payments are made annually within 90 days of the end of the calendar year.
|
Red Chris
Location
Conditions
🇨🇦 Canada, British Columbia
1.0% NSR royalty on all metals produced from an area covering approximately 51 square kilometers, which includes the currently known mineralization and prospective exploration areas of Red Chris. Royalty payments are made annually within 90 days of the end of the calendar year.
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Brucejack
Asset
Canada, British Columbia, Golden Triangle (British Columbia)
Gold
3/5
Silver
1/5
Mining
Type
Operating
Status
🇨🇦 Canada, British Columbia (Golden Triangle (British Columbia))
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
100%-owned high-grade underground gold-silver mine in BC's Golden Triangle, Canada. Acquired via Newcrest transaction (2023). Long-hole stoping with cement paste backfill. Mining fleet includes LHDs, trucks, bolters, jumbo drills, shotcrete sprayers, long-hole drills, cable bolters. 2025: 231 koz Au; AISC $2,262/oz. Gross PP&E $2,202M at Dec 31, 2025.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
231 koz/yr
3/5
|
3.5 moz P&P + M&I
3/5
|
6.65 g/t
4/5
|
AISC 2 262 USD/oz
|
reserves 12.6 yrs
resources 2.6 yrs
|
|
Silver
|
-
|
15 moz P&P + M&I
1/5
|
29.39 g/t
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
231 koz/yr
3/5
3.5 moz P&P + M&I
3/5
6.65 g/t
4/5
AISC 2 262 USD/oz
reserves 12.6 yrs
resources 2.6 yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
-
15 moz P&P + M&I
1/5
29.39 g/t
1/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
13500 kt
|
2.9 moz
|
6.65 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
13500 kt
|
12.8 moz
|
29.39 g/t
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
4300 kt
|
0.6 moz
|
4.13 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
14500 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Silver
|
Measured And Indicated
|
No
|
4300 kt
|
2.2 moz
|
15.9 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
13500 kt
Contained
2.9 moz
Grade
6.65 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
13500 kt
Contained
12.8 moz
Grade
29.39 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
4300 kt
Contained
0.6 moz
Grade
4.13 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
14500 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
4300 kt
Contained
2.2 moz
Grade
15.9 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Brucejack
|
🇨🇦 Canada, British Columbia
|
British Columbia, Canada | Operator: Newmont Corporation | Precious Metals: Au & Ag | Royalty: NSR: 1.2%
|
|
|
Brucejack
|
🇨🇦 Canada, British Columbia
|
Mineral Tax Royalty; Annual payment equal to a fixed percentage of the Mineral Tax payable by Newmont in each calendar year under the Mineral Tax Act in respect of Brucejack.
|
Brucejack
Location
Conditions
🇨🇦 Canada, British Columbia
British Columbia, Canada | Operator: Newmont Corporation | Precious Metals: Au & Ag | Royalty: NSR: 1.2%
Brucejack
Location
Conditions
🇨🇦 Canada, British Columbia
Mineral Tax Royalty; Annual payment equal to a fixed percentage of the Mineral Tax payable by Newmont in each calendar year under the Mineral Tax Act in respect of Brucejack.
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Cerro Negro
Asset · Operating
Argentina, Santa Cruz
Gold
3/5
Silver
1/5
Mining
Type
Operating
Status
🇦🇷 Argentina, Santa Cruz
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
100%-owned underground gold-silver mine in Santa Cruz Province, Argentina. Cerro Negro District Expansion 1 (CND-EX1) growth project underway, including Eastern district development. Argentina is a hyperinflationary environment with FX controls — Cerro Negro's cash remittance timing and intercompany debt principal payments are affected. 2025: 202 koz Au; AISC $2,256/oz. Reserves at $2,000/oz Au, $25/oz Ag.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
202 koz/yr
3/5
|
3.5 moz P&P + M&I
3/5
|
10.58 g/t
5/5
|
AISC 2 256 USD/oz
|
reserves 14.9 yrs
resources 2.5 yrs
|
|
Silver
|
-
|
15.4 moz P&P + M&I
1/5
|
70.62 g/t
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
202 koz/yr
3/5
3.5 moz P&P + M&I
3/5
10.58 g/t
5/5
AISC 2 256 USD/oz
reserves 14.9 yrs
resources 2.5 yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
-
15.4 moz P&P + M&I
1/5
70.62 g/t
2/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
9000 kt
|
3 moz
|
10.58 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
9000 kt
|
14.4 moz
|
70.62 g/t
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
3200 kt
|
0.5 moz
|
4.73 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
7500 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Silver
|
Measured And Indicated
|
No
|
1600 kt
|
1 moz
|
19.88 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
9000 kt
Contained
3 moz
Grade
10.58 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
9000 kt
Contained
14.4 moz
Grade
70.62 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
3200 kt
Contained
0.5 moz
Grade
4.73 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
7500 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
1600 kt
Contained
1 moz
Grade
19.88 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Nevada Gold Mines (NGM)
District · Ownership 38.5%
United States, Nevada, Carlin Trend
Gold
5/5
Silver
2/5
Mining
Type
Operating
Status
🇺🇸 United States, Nevada (Carlin Trend)
Country
Project information
As at 31 December 2025
Aggregation level:
District / complex
Aggregation level:
District / complex
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
38.5
Ownership %:
38.5
Operator:
No
Operator:
No
Operator name:
Barrick Mining Corporation
Operator name:
Barrick Mining Corporation
Interest type:
-
Interest type:
-
Interest rate:
-
Interest rate:
-
Extraction:
Open Pit Underground
Extraction:
Open Pit Underground
Environment:
Onshore
Environment:
Onshore
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
Interest conditions:
Newmont holds 38.5% economic interest in NGM JV with Barrick (61.5%) under July 2019 Nevada JV Agreement; Newmont served default notice Feb 3, 2026 over alleged mismanagement.
Description
As at 31 December 2025
Newmont 38.5%-owned JV with Barrick (61.5%) combining Newmont and Barrick's Nevada operations formed July 1, 2019. Operated by Barrick. Open pit + underground gold-copper-silver operations across multiple complexes. Reserves at $1,500/oz Au and $21/oz Ag (Barrick-set). 2025 production: 971 koz Au attributable (NGM total consolidated 999 koz). On Jan 26, 2026 Newmont informed Barrick of evidence of NGM mismanagement (diversion of resources to Barrick's Fourmile property); Feb 3, 2026 sent default notice. Cut-off ≥0.15 g/t Au (OP), ≥3.34 g/t Au (UG), ≥0.44 g/t Au (stockpiles).
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
373.83 koz/yr
4/5
|
16.67 moz P&P + M&I
43.3 moz P&P + M&I
5/5
|
2.69 g/t
3/5
|
AISC 1 820 USD/oz
|
reserves 4.4 yrs
resources 3.8 yrs
|
|
Silver
|
-
|
13.17 moz P&P + M&I
34.2 moz P&P + M&I
1/5
|
5.22 g/t
1/5
|
-
|
-
|
|
Copper
|
-
|
127.05 kt P&P + M&I
330 kt P&P + M&I
1/5
|
0.16 %
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
373.83 koz/yr
4/5
16.67 moz P&P + M&I
43.3 moz P&P + M&I
5/5
2.69 g/t
3/5
AISC 1 820 USD/oz
reserves 4.4 yrs
resources 3.8 yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
-
13.17 moz P&P + M&I
34.2 moz P&P + M&I
1/5
5.22 g/t
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
127.05 kt P&P + M&I
330 kt P&P + M&I
1/5
0.16 %
1/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
NGM Underground
|
|
|
|
|
|
|
|
|
Gold
|
Indicated
|
No
|
21900 kt
|
4.9 moz
|
—
|
—
|
2025-12-31
|
|
Gold
|
Proven And Probable
|
No
|
42100 kt
|
11.2 moz
|
8.3 g/t
|
—
|
2025-12-31
|
|
NGM Stockpiles
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
27600 kt
|
1.8 moz
|
2.09 g/t
|
—
|
2025-12-31
|
|
NGM
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
200700 kt
|
17.4 moz
|
2.69 g/t
|
—
|
2025-12-31
|
|
NGM Open Pit
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
131100 kt
|
4.3 moz
|
1.02 g/t
|
—
|
2025-12-31
|
|
OP - NGM
|
|
|
|
|
|
|
|
|
Gold
|
Indicated
|
No
|
178000 kt
|
3.7 moz
|
—
|
—
|
2025-12-31
|
|
Statement / total
|
|
|
|
|
|
|
|
|
Copper
|
Proven And Probable
|
No
|
80200 kt
|
130 kt
|
0.18 %
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
68900 kt
|
13.9 moz
|
6.59 g/t
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
204300 kt
|
8.6 moz
|
1.31 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
88900 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Copper
|
Measured And Indicated
|
No
|
130600 kt
|
200 kt
|
0.16 %
|
—
|
2025-12-31
|
|
Silver
|
Measured And Indicated
|
No
|
121000 kt
|
20.3 moz
|
5.22 g/t
|
—
|
2025-12-31
|
Commodity
NGM Underground
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Indicated
Incl. of reserves
No
Tonnage
21900 kt
Contained
4.9 moz
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
42100 kt
Contained
11.2 moz
Grade
8.3 g/t
Basis
—
Eff. date
2025-12-31
Commodity
NGM Stockpiles
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
27600 kt
Contained
1.8 moz
Grade
2.09 g/t
Basis
—
Eff. date
2025-12-31
Commodity
NGM
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
200700 kt
Contained
17.4 moz
Grade
2.69 g/t
Basis
—
Eff. date
2025-12-31
Commodity
NGM Open Pit
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
131100 kt
Contained
4.3 moz
Grade
1.02 g/t
Basis
—
Eff. date
2025-12-31
Commodity
OP - NGM
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Indicated
Incl. of reserves
No
Tonnage
178000 kt
Contained
3.7 moz
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Copper
Category
Proven And Probable
Incl. of reserves
No
Tonnage
80200 kt
Contained
130 kt
Grade
0.18 %
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
68900 kt
Contained
13.9 moz
Grade
6.59 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
204300 kt
Contained
8.6 moz
Grade
1.31 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
88900 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
130600 kt
Contained
200 kt
Grade
0.16 %
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
121000 kt
Contained
20.3 moz
Grade
5.22 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Ahafo South
District
Ghana, Brong-Ahafo
Gold
4/5
Mining
Type
Operating
Status
🇬🇭 Ghana, Brong-Ahafo
Country
Project information
As at 31 December 2025
Aggregation level:
District / complex
Aggregation level:
District / complex
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit Underground
Extraction:
Open Pit Underground
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
100%-owned gold mine in Brong-Ahafo region, Ghana, with open pit + underground operations + stockpiles. Cut-off ≥0.49 g/t Au (OP), ≥1.80 g/t Au (UG), ≥0.48 g/t Au (stockpiles). 2025: 664 koz Au; AISC $1,514/oz. Gold reserves decreased ~11% YoY primarily due to depletion.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
664 koz/yr
5/5
|
9.5 moz P&P + M&I
4/5
|
-
|
AISC 1 514 USD/oz
|
reserves 3 yrs
resources 0.3 yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
664 koz/yr
5/5
9.5 moz P&P + M&I
4/5
-
AISC 1 514 USD/oz
reserves 3 yrs
resources 0.3 yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Ahafo South Underground
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
19400 kt
|
1.5 moz
|
2.37 g/t
|
—
|
2025-12-31
|
|
Gold
|
Indicated
|
No
|
41400 kt
|
5.2 moz
|
—
|
—
|
2025-12-31
|
|
Ahafo South Stockpiles
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
18500 kt
|
—
|
0.94 g/t
|
—
|
2025-12-31
|
|
Ahafo South Open Pit
|
|
|
|
|
|
|
|
|
Gold
|
Indicated
|
No
|
5000 kt
|
0.2 moz
|
—
|
—
|
2025-12-31
|
|
Gold
|
Proven And Probable
|
No
|
43400 kt
|
2 moz
|
1.46 g/t
|
—
|
2025-12-31
|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
81300 kt
|
4.1 moz
|
1.56 g/t
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
48600 kt
|
5.4 moz
|
3.46 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
22700 kt
|
—
|
—
|
—
|
2025-12-31
|
Commodity
Ahafo South Underground
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
19400 kt
Contained
1.5 moz
Grade
2.37 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Indicated
Incl. of reserves
No
Tonnage
41400 kt
Contained
5.2 moz
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Ahafo South Stockpiles
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
18500 kt
Contained
—
Grade
0.94 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Ahafo South Open Pit
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Indicated
Incl. of reserves
No
Tonnage
5000 kt
Contained
0.2 moz
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
43400 kt
Contained
2 moz
Grade
1.46 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
81300 kt
Contained
4.1 moz
Grade
1.56 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
48600 kt
Contained
5.4 moz
Grade
3.46 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
22700 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Yanacocha
District
Peru, Cajamarca
Gold
4/5
Silver
2/5
Mining
Type
Operating
Status
🇵🇪 Peru, Cajamarca
Country
Project information
As at 31 December 2025
Aggregation level:
District / complex
Aggregation level:
District / complex
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit Underground
Extraction:
Open Pit Underground
Environment:
Onshore
Environment:
Onshore
Ore type:
Oxide
Ore type:
Oxide
Processing route:
Heap leach, or acid leach and SX-EW
Processing route:
Heap leach, or acid leach and SX-EW
Description
As at 31 December 2025
100%-owned gold mine complex in Cajamarca, Peru (operates through Minera Yanacocha S.R.L.). Open pit + underground + heap leach. 2025 saw material impairment charge as reserves declined to 0.5 Moz (vs 5.3 Moz at YE 2024) — reflects revised closure plan and water-treatment cost studies. Yanacocha water-treatment-plant compliance plan extended to June 2026 (with company appealing for extension to 2027). 2025: 515 koz Au sold from leach pads; AISC $1,028/oz. Property, plant & mine development $4,130M at Dec 31, 2025.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
515 koz/yr
5/5
|
6.3 moz P&P + M&I
4/5
|
1.38 g/t
2/5
|
AISC 1 028 USD/oz
|
reserves 1 yrs
resources 11.3 yrs
|
|
Silver
|
-
|
33.5 moz P&P + M&I
2/5
|
8.82 g/t
1/5
|
-
|
-
|
|
Copper
|
-
|
700 kt P&P + M&I
2/5
|
0.6 %
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
515 koz/yr
5/5
6.3 moz P&P + M&I
4/5
1.38 g/t
2/5
AISC 1 028 USD/oz
reserves 1 yrs
resources 11.3 yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
-
33.5 moz P&P + M&I
2/5
8.82 g/t
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
700 kt P&P + M&I
2/5
0.6 %
2/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
18800 kt
|
0.5 moz
|
0.81 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
68300 kt
|
19.4 moz
|
8.82 g/t
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
130900 kt
|
5.8 moz
|
1.38 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
363900 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Silver
|
Measured And Indicated
|
No
|
72400 kt
|
14.1 moz
|
12.67 g/t
|
—
|
2025-12-31
|
|
Copper
|
Measured And Indicated
|
No
|
117800 kt
|
700 kt
|
0.6 %
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
18800 kt
Contained
0.5 moz
Grade
0.81 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
68300 kt
Contained
19.4 moz
Grade
8.82 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
130900 kt
Contained
5.8 moz
Grade
1.38 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
363900 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
72400 kt
Contained
14.1 moz
Grade
12.67 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
117800 kt
Contained
700 kt
Grade
0.6 %
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Yanacocha
|
🇵🇪 Peru, Cajamarca
|
1.8% NSR on all minerals. Acquired: August 2024 from Buenaventura for $210M plus $15M contingent payment.
|
Yanacocha
Location
Conditions
🇵🇪 Peru, Cajamarca
1.8% NSR on all minerals. Acquired: August 2024 from Buenaventura for $210M plus $15M contingent payment.
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Development · 5 projects
Conga
Asset · Pre-feasibility
Peru, Cajamarca
Gold
5/5
Silver
2/5
Mining
Type
Development
Status
🇵🇪 Peru, Cajamarca
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
100%-owned Conga copper-gold-silver development project in Cajamarca, Peru, near Yanacocha. Has been the target of local political and community protests historically. Gold resources at $1,400/oz Au, copper at $3.50/lb Cu, silver at $26/oz (Newmont-set development pricing). Currently no reserves declared.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
-
|
14.6 moz P&P + M&I
5/5
|
-
|
-
|
-
|
|
Silver
|
-
|
45.9 moz P&P + M&I
2/5
|
2.06 g/t
1/5
|
-
|
-
|
|
Copper
|
-
|
1 800 kt P&P + M&I
2/5
|
0.26 %
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
14.6 moz P&P + M&I
5/5
-
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
-
45.9 moz P&P + M&I
2/5
2.06 g/t
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
1 800 kt P&P + M&I
2/5
0.26 %
1/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Indicated
|
No
|
693800 kt
|
14.6 moz
|
—
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
693800 kt
|
14.6 moz
|
0.65 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
230500 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Copper
|
Measured And Indicated
|
No
|
693800 kt
|
1 800 kt
|
0.26 %
|
—
|
2025-12-31
|
|
Silver
|
Measured And Indicated
|
No
|
693800 kt
|
45.9 moz
|
2.06 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Indicated
Incl. of reserves
No
Tonnage
693800 kt
Contained
14.6 moz
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
693800 kt
Contained
14.6 moz
Grade
0.65 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
230500 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
693800 kt
Contained
1 800 kt
Grade
0.26 %
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
693800 kt
Contained
45.9 moz
Grade
2.06 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Norte Abierto
Asset · Pre-feasibility · Ownership 50%
Chile, Atacama
Gold
5/5
Copper
3/5
Mining
Type
Development
Status
🇨🇱 Chile, Atacama
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
50
Ownership %:
50
Operator:
No
Operator:
No
Operator name:
Norte Abierto Joint Venture
Operator name:
Norte Abierto Joint Venture
Extraction:
Open Pit
Extraction:
Open Pit
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
Newmont 50% / Barrick 50% Norte Abierto copper-gold-silver development project in Atacama Region, Chile. Currently undeveloped. Reserves at $1,700/oz Au, $3.50/lb Cu, $25/oz Ag (joint venture pricing). Combines Cerro Casale and Caspiche deposits.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
-
|
10.45 moz P&P + M&I
20.9 moz P&P + M&I
5/5
|
0.65 g/t
1/5
|
-
|
-
|
|
Copper
|
-
|
1 200 kt P&P + M&I
2 400 kt P&P + M&I
2/5
|
0.24 %
1/5
|
-
|
-
|
|
Silver
|
-
|
22.55 moz P&P + M&I
45.1 moz P&P + M&I
1/5
|
1.61 g/t
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
10.45 moz P&P + M&I
20.9 moz P&P + M&I
5/5
0.65 g/t
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
1 200 kt P&P + M&I
2 400 kt P&P + M&I
2/5
0.24 %
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
-
22.55 moz P&P + M&I
45.1 moz P&P + M&I
1/5
1.61 g/t
1/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
521100 kt
|
10.8 moz
|
0.65 g/t
|
—
|
2025-12-31
|
|
Copper
|
Proven And Probable
|
No
|
521100 kt
|
1 300 kt
|
0.24 %
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
521100 kt
|
27 moz
|
1.61 g/t
|
—
|
2025-12-31
|
|
Gold
|
Indicated
|
No
|
525500 kt
|
10.1 moz
|
—
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
603200 kt
|
10.1 moz
|
0.52 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
381100 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Copper
|
Measured And Indicated
|
No
|
537900 kt
|
1 100 kt
|
0.2 %
|
—
|
2025-12-31
|
|
Silver
|
Measured And Indicated
|
No
|
525500 kt
|
18.1 moz
|
1.07 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
521100 kt
Contained
10.8 moz
Grade
0.65 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Proven And Probable
Incl. of reserves
No
Tonnage
521100 kt
Contained
1 300 kt
Grade
0.24 %
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
521100 kt
Contained
27 moz
Grade
1.61 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Indicated
Incl. of reserves
No
Tonnage
525500 kt
Contained
10.1 moz
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
603200 kt
Contained
10.1 moz
Grade
0.52 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
381100 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
537900 kt
Contained
1 100 kt
Grade
0.2 %
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
525500 kt
Contained
18.1 moz
Grade
1.07 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Norte Abierto
|
🇨🇱 Chile, Atacama
|
Norte Abierto Cu-Au-Ag royalty (Caspiche + Cerro Casale)
|
Location
Conditions
🇨🇱 Chile, Atacama
Norte Abierto Cu-Au-Ag royalty (Caspiche + Cerro Casale)
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Wafi-Golpu
Asset · Pre-feasibility · Ownership 50%
Papua New Guinea, Morobe
Gold
5/5
Copper
3/5
Mining
Type
Development
Status
🇵🇬 Papua New Guinea, Morobe
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
50
Ownership %:
50
Operator:
No
Operator:
No
Operator name:
Wafi-Golpu Joint Venture
Operator name:
Wafi-Golpu Joint Venture
Extraction:
Underground
Extraction:
Underground
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
Newmont 50% / Harmony Gold 50% Wafi-Golpu copper-gold development project in Morobe Province, Papua New Guinea. Currently undeveloped. Gold reserves at $1,200/oz Au and copper reserves at $3.00/lb Cu (development project pricing). PNG political and regulatory risks apply. Acquired via Newcrest transaction (2023).
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
-
|
5 moz P&P + M&I
10 moz P&P + M&I
4/5
|
0.82 g/t
1/5
|
-
|
-
|
|
Copper
|
-
|
1 650 kt P&P + M&I
3 300 kt P&P + M&I
2/5
|
1.2 %
3/5
|
-
|
-
|
|
Silver
|
-
|
3.8 moz P&P + M&I
7.6 moz P&P + M&I
1/5
|
4.42 g/t
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
5 moz P&P + M&I
10 moz P&P + M&I
4/5
0.82 g/t
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
1 650 kt P&P + M&I
3 300 kt P&P + M&I
2/5
1.2 %
3/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
-
3.8 moz P&P + M&I
7.6 moz P&P + M&I
1/5
4.42 g/t
1/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Wafi-Golpu Open Pit
|
|
|
|
|
|
|
|
|
Gold
|
Indicated
|
No
|
53600 kt
|
2.9 moz
|
1.66 g/t
|
—
|
2025-12-31
|
|
Wafi-Golpu Underground
|
|
|
|
|
|
|
|
|
Gold
|
Indicated
|
No
|
140800 kt
|
2 moz
|
0.45 g/t
|
—
|
2025-12-31
|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
194500 kt
|
5.1 moz
|
0.82 g/t
|
—
|
2025-12-31
|
|
Copper
|
Proven And Probable
|
No
|
194500 kt
|
2 300 kt
|
1.2 %
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
194500 kt
|
4.9 moz
|
0.78 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
107300 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Copper
|
Measured And Indicated
|
No
|
140800 kt
|
1 000 kt
|
0.73 %
|
—
|
2025-12-31
|
|
Silver
|
Measured And Indicated
|
No
|
53600 kt
|
7.6 moz
|
4.42 g/t
|
—
|
2025-12-31
|
Commodity
Wafi-Golpu Open Pit
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Indicated
Incl. of reserves
No
Tonnage
53600 kt
Contained
2.9 moz
Grade
1.66 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Wafi-Golpu Underground
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Indicated
Incl. of reserves
No
Tonnage
140800 kt
Contained
2 moz
Grade
0.45 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
194500 kt
Contained
5.1 moz
Grade
0.82 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Proven And Probable
Incl. of reserves
No
Tonnage
194500 kt
Contained
2 300 kt
Grade
1.2 %
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
194500 kt
Contained
4.9 moz
Grade
0.78 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
107300 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
140800 kt
Contained
1 000 kt
Grade
0.73 %
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
53600 kt
Contained
7.6 moz
Grade
4.42 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
NuevaUnión
Asset · Pre-feasibility · Ownership 50%
Chile, Atacama
Gold
4/5
Copper
4/5
Mining
Type
Development
Status
🇨🇱 Chile, Atacama
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
50
Ownership %:
50
Operator:
No
Operator:
No
Operator name:
NuevaUnión Joint Venture
Operator name:
NuevaUnión Joint Venture
Extraction:
Open Pit
Extraction:
Open Pit
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
Newmont 50% / Teck Resources 50% NuevaUnión copper-gold-silver-molybdenum development project in Atacama Region, Chile. Currently undeveloped. Reserves at $1,300/oz Au, $3.00/lb Cu, $18/oz Ag, $10/lb Mo (joint venture-set pricing). Combines La Fortuna and Relincho deposits.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
-
|
3.7 moz P&P + M&I
7.4 moz P&P + M&I
3/5
|
0.47 g/t
1/5
|
-
|
-
|
|
Copper
|
-
|
2 950 kt P&P + M&I
5 900 kt P&P + M&I
3/5
|
0.4 %
1/5
|
-
|
-
|
|
Molybdenum
|
-
|
110.23 mlb P&P + M&I
220.46 mlb P&P + M&I
2/5
|
0.02 %
1/5
|
-
|
-
|
|
Silver
|
-
|
30.3 moz P&P + M&I
60.6 moz P&P + M&I
2/5
|
1.31 g/t
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
3.7 moz P&P + M&I
7.4 moz P&P + M&I
3/5
0.47 g/t
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
2 950 kt P&P + M&I
5 900 kt P&P + M&I
3/5
0.4 %
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Molybdenum
-
110.23 mlb P&P + M&I
220.46 mlb P&P + M&I
2/5
0.02 %
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
-
30.3 moz P&P + M&I
60.6 moz P&P + M&I
2/5
1.31 g/t
1/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
341100 kt
|
5.1 moz
|
0.47 g/t
|
—
|
2025-12-31
|
|
Copper
|
Proven And Probable
|
No
|
1.118e+06 kt
|
4 400 kt
|
0.4 %
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
1.118e+06 kt
|
47.2 moz
|
1.31 g/t
|
—
|
2025-12-31
|
|
Molybdenum
|
Proven And Probable
|
No
|
776900 kt
|
100 kt
|
0.02 %
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
123100 kt
|
2.3 moz
|
0.59 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
239800 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Copper
|
Measured And Indicated
|
No
|
514100 kt
|
1 500 kt
|
0.3 %
|
—
|
2025-12-31
|
|
Silver
|
Measured And Indicated
|
No
|
349900 kt
|
13.4 moz
|
1.19 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
341100 kt
Contained
5.1 moz
Grade
0.47 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Proven And Probable
Incl. of reserves
No
Tonnage
1.118e+06 kt
Contained
4 400 kt
Grade
0.4 %
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
1.118e+06 kt
Contained
47.2 moz
Grade
1.31 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Molybdenum
Category
Proven And Probable
Incl. of reserves
No
Tonnage
776900 kt
Contained
100 kt
Grade
0.02 %
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
123100 kt
Contained
2.3 moz
Grade
0.59 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
239800 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
514100 kt
Contained
1 500 kt
Grade
0.3 %
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
349900 kt
Contained
13.4 moz
Grade
1.19 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
NuevaUnion (Relincho)
|
🇨🇱 Chile, Chile
|
Chile, South America | Operator: Teck Resources Limited / Newmont Corporation | Metals: Cu, Au & Mo | Royalty: NSR: 1.5%
|
|
|
NuevaUnion
|
🇨🇱 Chile, Atacama
|
2.0% NSR Royalty
|
NuevaUnion (Relincho)
Location
Conditions
🇨🇱 Chile, Chile
Chile, South America | Operator: Teck Resources Limited / Newmont Corporation | Metals: Cu, Au & Mo | Royalty: NSR: 1.5%
Location
Conditions
🇨🇱 Chile, Atacama
2.0% NSR Royalty
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Galore Creek
Asset · Pre-feasibility · Ownership 50%
Canada, British Columbia, Golden Triangle (British Columbia)
Gold
3/5
Copper
3/5
Mining
Type
Development
Status
🇨🇦 Canada, British Columbia (Golden Triangle (British Columbia))
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
50
Ownership %:
50
Operator:
No
Operator:
No
Operator name:
Galore Creek Mining Corporation (Teck)
Operator name:
Galore Creek Mining Corporation (Teck)
Extraction:
Open Pit
Extraction:
Open Pit
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
Newmont 50% / Teck Resources 50% Galore Creek copper-gold-silver development project in BC's Golden Triangle, Canada. Currently undeveloped. Resource estimates provided by Teck Resources. Acquired via Newcrest transaction (2023).
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
-
|
2.35 moz P&P + M&I
4.7 moz P&P + M&I
2/5
|
-
|
-
|
-
|
|
Copper
|
-
|
1 400 kt P&P + M&I
2 800 kt P&P + M&I
2/5
|
0.46 %
1/5
|
-
|
-
|
|
Silver
|
-
|
29.55 moz P&P + M&I
59.1 moz P&P + M&I
2/5
|
4.52 g/t
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
2.35 moz P&P + M&I
4.7 moz P&P + M&I
2/5
-
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
1 400 kt P&P + M&I
2 800 kt P&P + M&I
2/5
0.46 %
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
-
29.55 moz P&P + M&I
59.1 moz P&P + M&I
2/5
4.52 g/t
1/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Indicated
|
No
|
385600 kt
|
4.7 moz
|
—
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
598400 kt
|
4.7 moz
|
0.25 g/t
|
—
|
2025-12-31
|
|
Gold
|
Inferred
|
No
|
118900 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Copper
|
Measured And Indicated
|
No
|
598400 kt
|
2 800 kt
|
0.46 %
|
—
|
2025-12-31
|
|
Silver
|
Measured And Indicated
|
No
|
598400 kt
|
59.1 moz
|
4.52 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Indicated
Incl. of reserves
No
Tonnage
385600 kt
Contained
4.7 moz
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
598400 kt
Contained
4.7 moz
Grade
0.25 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Inferred
Incl. of reserves
No
Tonnage
118900 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Copper
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
598400 kt
Contained
2 800 kt
Grade
0.46 %
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
598400 kt
Contained
59.1 moz
Grade
4.52 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Exploration · 1 project
La Bikina
Asset · Pre-feasibility · Ownership 50%
Mexico
Gold
1/5
Silver
1/5
Mining
Type
Exploration
Status
🇲🇽 Mexico
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
50
Ownership %:
50
Operator:
No
Operator:
No
Operator name:
La Bikina Joint Venture
Operator name:
La Bikina Joint Venture
Extraction:
Open Pit
Extraction:
Open Pit
Environment:
Onshore
Environment:
Onshore
Description
As at 31 December 2025
Newmont 50% La Bikina exploration / development silver project in Mexico. Currently non-operating; reported under Newmont's Corporate and Other segment. Silver-dominant resource.
Mining metrics
As at 31 December 2025 · exclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
-
|
0.1 moz P&P + M&I
0.2 moz P&P + M&I
1/5
|
0.37 g/t
1/5
|
-
|
-
|
|
Silver
|
-
|
4.5 moz P&P + M&I
9 moz P&P + M&I
1/5
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
0.1 moz P&P + M&I
0.2 moz P&P + M&I
1/5
0.37 g/t
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
-
4.5 moz P&P + M&I
9 moz P&P + M&I
1/5
-
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
Disclaimer
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Silver
|
Indicated
|
No
|
19900 kt
|
9 moz
|
—
|
—
|
2025-12-31
|
|
Silver
|
Measured And Indicated
|
No
|
19900 kt
|
9 moz
|
13.99 g/t
|
—
|
2025-12-31
|
|
Silver
|
Inferred
|
No
|
1600 kt
|
—
|
—
|
—
|
2025-12-31
|
|
Gold
|
Measured And Indicated
|
No
|
19900 kt
|
0.2 moz
|
0.37 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Silver
Category
Indicated
Incl. of reserves
No
Tonnage
19900 kt
Contained
9 moz
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
19900 kt
Contained
9 moz
Grade
13.99 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Inferred
Incl. of reserves
No
Tonnage
1600 kt
Contained
—
Grade
—
Basis
—
Eff. date
2025-12-31
Commodity
Gold
Category
Measured And Indicated
Incl. of reserves
No
Tonnage
19900 kt
Contained
0.2 moz
Grade
0.37 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
15
Operating projects
5
Development projects
1
Exploration project
Portfolio Summary
Totals from Portfolio Aggregate · As at 31 December 2025 · exclusive
| Commodity | |||
|---|---|---|---|
| Production (rating) | Reserves & Resources (rating) | Production value (est.) | |
|
Gold
|
5 889 koz/yr
5/5
|
206.3 moz P&P + M&I; 60.6 moz Inferred
5/5
|
$25.2B (85%)
USD 4,284.97 / oz
|
|
Silver
|
28 moz/yr
5/5
|
326 moz P&P + M&I
5/5
|
$1.8B (6%)
USD 64.31 / oz
|
|
Copper
|
134.26 kt/yr
3/5
|
12 400 kt P&P + M&I
5/5
|
$2.0B (7%)
USD 14,706.51 / t
|
|
Molybdenum
|
-
|
440.92 mlb P&P + M&I
3/5
|
-
|
|
Zinc
|
230.88 kt/yr
3/5
|
1.5 mt P&P + M&I
2/5
|
$646.5M (2%)
≈ $2,800 / t
|
|
Lead
|
97.98 kt/yr
3/5
|
0.7 mt P&P + M&I
2/5
|
$205.7M (<1%)
≈ $2,100 / t
|
Gold
Production (rating)
Reserves & Resources (rating)
Production value (est.)
5 889 koz/yr
5/5
206.3 moz P&P + M&I; 60.6 moz Inferred
5/5
$25.2B (85%)
USD 4,284.97 / oz
Silver
Production (rating)
Reserves & Resources (rating)
Production value (est.)
28 moz/yr
5/5
326 moz P&P + M&I
5/5
$1.8B (6%)
USD 64.31 / oz
Copper
Production (rating)
Reserves & Resources (rating)
Production value (est.)
134.26 kt/yr
3/5
12 400 kt P&P + M&I
5/5
$2.0B (7%)
USD 14,706.51 / t
Molybdenum