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Newmont targets five million-ounce expansion at Lihir Gold Mine. Lihir mine, in Papua New Guinea's New Ireland Province. (Image courtesy of Newmont.) The world's largest gold producer, Newmont, is positioning its Lihir Gold Mine in Papua New Guinea for a major production expansion, with plans expected to unlock more than five million ounces of additional gold from 2028. The announcement comes as the company reported record quarterly free cash flow and reaffirmed its production guidance for 2026, highlighting the continued importance of strategic investments in high-quality mining assets. During the second quarter of 2026, Newmont produced 1.3 million ounces of gold, 17,000 tonnes of copper and seven million ounces of silver. Strong operational performance generated cash flow from operations of US$2.9 billion after working capital adjustments, while free cash flow reached a record US$2.2 billion. Chief Executive Officer Natascha Viljoen said the company remains firmly on track to achieve its full-year production targets, supported by stable operations across its global portfolio. A key driver of Newmont's future growth strategy is the construction of a nearshore barrier at the Lihir Gold Mine. Once completed, the project is expected to unlock more than five million ounces of additional gold reserves, significantly extending the life of one of the company's flagship operations. Viljoen said operational improvements at Lihir have already delivered better mining stability, improved equipment reliability and lower operating costs, providing confidence that the expansion project will create substantial long-term value. Beyond Papua New Guinea, Newmont continues advancing several major development projects. The Red Chris underground block cave project in Canada is progressing towards a final investment decision after receiving key regulatory approvals. In Australia, production has resumed at the Cadia operation following an earlier seismic event, with the company confirming there will be no impact on annual production guidance. Other long-term growth projects include Ahafo North in Ghana, Cerro Negro in Argentina, Tanami and Boddington in Australia, all of which are expected to strengthen Newmont's production profile over the coming decade. Chief Financial Officer Brian Tabolt reported adjusted EBITDA of US$3.8 billion and adjusted net income of US$2.10 per share, supported by an average realised gold price of US$4,414 per ounce. Gold all-in sustaining costs averaged US$1,621 per ounce during the quarter, below the company's full-year guidance of US$1,680 per ounce, although higher sustaining capital expenditure is expected during the third quarter. Newmont also continued rewarding shareholders, returning approximately US$1.9 billion through dividends and share buybacks since its previous earnings announcement. The company has now repurchased more than 100 million shares since launching its buyback programme just over two years ago. Despite the strong financial performance, investors continue to monitor rising project costs, inflationary pressures and regulatory developments across key mining jurisdictions. Executives acknowledged that development costs at Red Chris are expected to exceed earlier estimates inherited from Newcrest, while discussions with Barrick regarding Nevada Gold Mines remain ongoing. With gold prices remaining historically strong and demand for safe-haven assets continuing, Newmont's investment in expanding the Lihir Gold Mine demonstrates the company's commitment to growing production while improving operational efficiency. The planned five-million-ounce expansion is expected to reinforce Lihir's position as one of the world's premier gold mining operations and support Newmont's long-term strategy of delivering sustainable returns through disciplined investment and responsible resource development.

Newmont CEO Natascha Viljoen to join global mining leaders at World Mining Congress 2026 in Lima. 15th may 2026 Newmont CEO Natascha Viljoen to join global mining leaders at World Mining Congress 2026 in Lima. The global mining industry's attention is turning toward Lima as the World Mining Congress 2026 (WMC 2026) confirms the participation of Natascha Viljoen, President and Chief Executive Officer of Newmont Corporation, as a featured speaker at the upcoming Congress taking place June 24-26, 2026, in Peru. As the leader of the world's largest gold mining company, Viljoen's presence at WMC 2026 reinforces the growing importance of strategic leadership, operational resilience, and responsible resource development in shaping the future of mining. With more than three decades of international mining experience, Viljoen has become one of the industry's most respected executives, recognized for advancing operational excellence, strengthening safety culture, and building high-performing teams across complex global operations. Productivity, transformation and the future of mining. At WMC 2026, Viljoen will participate in the Day 2 panel discussion, "Systems View: Getting More from What We Already Have." She will join an influential lineup of industry leaders including Mikael Staffas, Mark Cutifani, and Roque Benavides. The session will explore how mining companies can unlock greater value from existing assets while improving productivity and delivering critical minerals more responsibly, a challenge increasingly central to the global mining agenda. At Newmont, Viljoen's focus on "safety, operational excellence and portfolio optimization" continues to support stronger productivity and long-term value creation, aligning directly with the Congress theme: "Mining for the Future: Trust, Transformation, Technology." Lima becomes the global mining capital. WMC 2026 is expected to bring together more than 3,000 leaders from governments, mining companies, academia, technology providers, and international organizations, positioning Lima as one of the most important global forums for dialogue on the future of mining, critical minerals, sustainability, innovation, and industrial transformation. As geopolitical pressures, energy transition targets, and supply chain security continue reshaping the mining landscape, conversations taking place at WMC 2026 are expected to influence strategic decisions far beyond Latin America. Join the conversation at WMC 2026. The WMC 2026 will take place in Lima, Peru, from June 24-26, 2026, bringing together the voices shaping the next era of global mining. Industry leaders, innovators, researchers, policymakers, and technology experts are invited to be part of the discussions defining the future of responsible resource development. Registration is now open via the official Congress platform: WMC 2026 official webpage Next WMC Congress World Mining Congress. The 27th World Mining Congress will be organized in 2026 in Peru. Detailed information can be found either on the 27th WMC official webpage or the third circular. Next IOC Meeting IOC / WMC meeting. The 106th IOC/WMC meeting will be organized on September 18th 2025 in Jakarta, Indonesia.