Achieve commercial production at the Tanami Expansion 2 project
Not delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 29 Apr 2021
- Due
- 30 Jun 2024
- Checked
- 19 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Capital costs for the project are estimated to be between $850 million and $950 million with a commercial production date in the first half of 2024.”
What we found
Evidence strength A What the grades mean
Newmont's filings confirm that the Tanami Expansion 2 project did not achieve commercial production by the first half of 2024, with the expected date revised to the second half of 2027.
-
A Newmont 10-K filed 2025-02-21
“Capital costs are estimated to be between $1,700 and $1,800 for Tanami Expansion 2 with an expected commercial production date in the second half of 2027.” ✓ confirmed on the page
Market reaction: the shares moved -8.1% against the S&P 500 over the three sessions around the disclosure (20 Feb 2025 to 25 Feb 2025). What this measures
Checked 19 Oct 2026.
Commitment lineage
Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.
- Deadline drift +184 days
- 3 versions
-
Version 1 · original · stated 29 Apr 2021
Deadline 30 Jun 2024 (“in the first half of 2024”)
-
Version 2 · stated 28 Oct 2021
Deadline 31 Mar 2024 (“early 2024”)
“commercial production in early 2024”
-
Version 3 · stated 22 Apr 2022
Deadline 31 Dec 2024 (“2024”)
“Capital costs for the project are estimated to be between $850 and $950 million with a commercial production date in 2024.”
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Project other
- Indicative materiality
- Low rules
- Action
- Achieve
- Deliverable
- Tanami Expansion 2 commercial production
- Where
- Australia
- In the company’s control
- High
- Specificity
- High
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
- Third check on a negative finding: agreesBecause a negative finding could harm a company if wrong, a stronger model re-read the evidence fully blind and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-NEM-015217 · Corrections policy