Mine managers and regulators use geochemical predictions of pit lake chemistry to assess whether open pit mines will have positive or negative environmental effects after closure. Sensitivity analyses are a useful approach to explore uncertainties in these predictions. This study investigates the significance of subaqueous water–rock reactions and surface adsorption reactions on a geochemical model of a proposed pit lake at the Martha Au Mine, New Zealand. Our hypothesis was that subaqueous pyrite oxidation would lower surface water pH over time because pyrite will be present in over 1/3 of the submerged wall rock area, and that surface adsorption reactions would lower trace metal concentrations. An initial geochemistry prediction was created in PHREEQC based on site hydrology, representative input water chemistry, physical limnology, and the precipitation of ferrihydrite, manganite, amorphous gibbsite, and barite. Modeling water–rock reactions required the surface area of the submerged wall rocks, the concentration (volume %) of the dominant minerals found in the wall rock ( i.e. pyrite, adularia, albite, chlorite, illite, and kaolinite), reaction rates for each mineral, and the volumes of circulating lake layers. These variables determined the mass of each mineral that would react with lake water over a one-year period corresponding to annual turnover. To accommodate for uncertainty in the estimation of surface area, the surface area was increased by × 10, × 100, and × 1000 in three additional models. To model surface adsorption reactions, the mass of ferrihydrite precipitated annually was set equal to the mass of hydrous ferric oxide allowed to adsorb trace metals. Results of the baseline geochemical prediction without water–rock reactions showed the surface water pH dropped from 6.5 to 5.0 over 50 years. The sensitivity analysis on water–rock reactions produced nearly identical results to the initial model for surface areas of × 1, × 10, and × 100. Only the surface area × 1000 model lowered pH more than half a pH unit from the initial prediction. These data suggest that water–rock reactions will not have a significant effect on the pH of the proposed Martha lake owing to the surface area of submerged minerals. Surface adsorption reactions lowered the concentrations of some trace metals (As, Cu, and Pb), whereas other trace metals were unaffected (Cd, Ni, Zn), which emphasized the pH dependence of these reactions. In the absence of model calibration or observed water chemistry, sensitivity analyses are a useful tool to explore uncertainties in pit lake predictions.