Newmont Corporation (NYSE:NEM) said bushfire damage has disrupted critical water supply infrastructure at its Boddington gold operation in Western Australia, prompting concerns over near-term production.
The miner expects repairs to the affected infrastructure to be completed by February. In the meantime, Newmont estimates that gold production in the first quarter of 2026 will be reduced by around 60,000 ounces as a result of the disruption.
While restoration work is underway, the processing plant at Boddington will continue to run at reduced throughput, operating at roughly 50% to 60% of its normal capacity until the primary water supply system is fully reinstated.
The bushfire started in mid-December and was brought under control by December 28, although the company noted that it remains active and will require ongoing monitoring and management in the coming weeks.
Newmont confirmed that no injuries were reported, with all employees and contractors remaining safe throughout the incident.
Following the update, shares in Newmont fell about 1.5% in U.S. premarket trading.