Newmont, Agnico Eagle Mines and Barrick Mining all produced less gold in 2025 than the prior year, and each expects output to fall further in 2026. By contrast, China’s Zijin Mining Group, Africa-focused AngloGold Ashanti and Uzbekistan’s Navoi Mining & Metallurgical Co. (NMMC) recorded production increases over the same period, said the newswire. Rivals such as Zijin and Gold Fields have shown greater appetite for developing smaller projects and absorbing assets divested by their North American peers, supporting stronger production growth profiles, said Bloomberg. “The Arthur Gold Project is a cornerstone of our strategy to build a world-class, long-life production platform in the US,” said Alberto Calderon, CEO of AngloGold Ashanti at the time. In February, Gold Fields CEO Mike Fraser set down plans to maintain gold producton at between 2.5 to 2.7 million oz/year increasing to three million ounces annually from 2030.

Source: The North Africa Journal April 09, 2026 05:45 UTC