Newmont Goldcorp Faces Production Dip After Bushfire Disrupts Operations in Western Australia

Key Points Summary:

• Newmont Goldcorp anticipates a 60,000-ounce drop in gold production in Q1 2026 following a bushfire in Western Australia.

• Operations at the Boddington project were briefly halted due to damage to water supply infrastructure, though mining has since resumed at reduced capacity.

• Full restoration of critical infrastructure is expected by February, amid ongoing threats from summer bushfires in Australia.

Newmont Goldcorp (NYSE:NEM), the world’s leading gold miner, announced on Tuesday that it anticipates a production decline of approximately 60,000 ounces in the first quarter of 2026 due to damage inflicted by a recent bushfire in Western Australia. Operations at its Boddington project were suspended in late December as a precaution, with the fire impacting the site's water supply infrastructure.

While Newmont confirmed that other essential facilities remained secure, it noted that mining and processing activities at Boddington have since restarted, albeit at a reduced capacity until the water supply is fully restored. The company expects to complete this restoration by February.

Australia is particularly vulnerable to bushfires, especially during the hot summer months. The country experienced multiple emergency situations in late 2025 as a result of a series of ongoing wildfires. In Q1 2025, Newmont produced 1.5 million attributable gold ounces. The company solidified its status as the largest bullion miner in the world following its acquisition of Australia’s Newcrest Mining in 2024.