Newmont Suspends Operations at British Columbia Mine Amid Worker Trapping Incident

Newmont has suspended operations at its Red Chris mine in British Columbia after three workers were trapped underground. The incident occurred when material unexpectedly fell, and rescue efforts are ongoing. Newmont's stock price is down 0.9% pre-market Thursday.

Newmont Corporation (NEM.N) has temporarily halted operations at its Red Chris gold and copper mine in British Columbia following a trapping incident that involved three workers. The company reported two "fall of ground" incidents in the accessway to the underground work area of a non-producing part of the mine, which resulted in the workers being trapped underground [1].

The first incident prompted three employees to relocate to a designated refuge station. However, a second incident subsequently blocked the access route, restricting communication. The refuge stations are equipped with adequate food, water, and ventilation to support an extended stay [2].

Newmont has a 70% stake in the mine and operates it in a joint venture with Imperial Metals Corp (III.TO) [2]. The company has temporarily suspended operations at Red Chris and is assembling specialist teams from nearby mine sites to respond to the situation. Rescue efforts are ongoing, and the company is working to restore communication and safely bring the team members to the surface [1].

Newmont's stock price is down 0.9% pre-market Thursday, reflecting the market's reaction to the incident [1]. The company has not provided a timeline for the resumption of operations at the mine.

References:
[1] https://seekingalpha.com/news/4471311-newmont-suspends-operations-at-british-columbia-mine-where-workers-trapped
[2] https://www.reuters.com/en/newmont-says-three-people-trapped-underground-red-chris-mine-canada-2025-07-23/