Newmont suspended underground operations at its Cadia gold mine in New South Wales, Australia. The closure follows two earthquakes recorded on June 19, 2026. All personnel returned to the surface safely with no reported injuries. The company is currently inspecting the site's stability before resuming activity.
This suspension marks the second seismic-related halt at the facility within nine weeks. The Cadia mine produced approximately 385,000 ounces of gold last year. This asset accounts for roughly 11% of Newmont’s net asset value.
Repeated interruptions raise concerns regarding operational consistency. Prolonged suspensions may impact the company's production forecasts and financial performance.