NEWMONT CORP /DE/, 10-Q filed on 10/23/2025
Quarterly Report
v3.25.3
Cover - shares
 9 Months Ended
Sep. 30, 2025
Oct. 16, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2025  
Document Transition Report false  
Entity File Number 001-31240  
Entity Registrant Name NEWMONT CORPORATION  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 84-1611629  
Entity Address, Address Line One 6900 E Layton Ave  
Entity Address, City or Town Denver  
Entity Address, State or Province CO  
Entity Address, Postal Zip Code 80237  
City Area Code (303)  
Local Phone Number 863-7414  
Title of 12(b) Security Common stock, par value $1.60 per share  
Trading Symbol NEM  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   1,091,262,981
Entity Central Index Key 0001164727  
Amendment Flag false  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q3  
Current Fiscal Year End Date --12-31  
v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Sales (Note 5) $ 5,524 $ 4,605 $ 15,851 $ 13,030
Costs and expenses:        
Costs applicable to sales [1] 1,951 2,310 6,058 6,572
Depreciation and amortization 643 631 1,856 1,887
Reclamation and remediation (Note 6) 123 132 299 324
Exploration 65 74 175 184
Advanced projects, research and development 40 47 123 149
General and administrative 86 113 291 314
(Gain) loss on sale of assets held for sale (Note 3) (99) 115 (1,074) 846
Other expense, net (Note 7) 139 55 230 187
Total costs and expenses 2,948 3,477 7,958 10,463
Other income (expense):        
Change in fair value of investments and options 38 17 480 39
Other income (loss), net (Note 8) (55) 0 (81) 199
Interest expense, net of capitalized interest (52) (86) (196) (282)
Total other income (expense) (69) (69) 203 (44)
Income (loss) before income and mining tax and other items 2,507 1,059 8,096 2,523
Income and mining tax benefit (expense) (Note 9) (787) (244) (2,526) (695)
Equity income (loss) of affiliates (Note 12) 123 60 250 64
Net income (loss) from continuing operations 1,843 875 5,820 1,892
Net income (loss) from discontinued operations 0 49 0 68
Net income (loss) 1,843 924 5,820 1,960
Net loss (income) attributable to noncontrolling interests [2] (11) (2) (36) (15)
Net income (loss) attributable to Newmont stockholders 1,832 922 5,784 1,945
Net income (loss) attributable to Newmont stockholders:        
Continuing operations 1,832 873 5,784 1,877
Discontinued operations 0 49 0 68
Net income (loss) attributable to Newmont stockholders $ 1,832 $ 922 $ 5,784 $ 1,945
Weighted average common shares:        
Basic (in shares) 1,097 1,147 1,111 1,151
Effect of employee stock-based awards (in shares) 3 2 2 1
Diluted (in shares) 1,100 1,149 1,113 1,152
Basic:        
Continuing operations (in dollars per share) $ 1.67 $ 0.76 $ 5.21 $ 1.63
Discontinued operations (in dollars per share) 0 0.04 0 0.06
Net income (loss) per common share, basic (in dollars per share) 1.67 0.80 5.21 1.69
Diluted:        
Continuing operations (in dollars per share) 1.67 0.76 5.20 1.63
Discontinued operations (in dollars per share) 0 0.04 0 0.06
Net income (loss) per common share, diluted (in dollars per share) $ 1.67 $ 0.80 $ 5.20 $ 1.69
[1] Excludes Depreciation and amortization and Reclamation and remediation.
[2] Relates to the Suriname Gold project C.V. (“Merian”) reportable segment.
v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ 1,843 $ 924 $ 5,820 $ 1,960
Other comprehensive income (loss):        
Change in cash flow hedges, net of tax 60 38 213 11
Other adjustments, net of tax 5 (10) (9) (4)
Other comprehensive income (loss) 65 28 204 7
Comprehensive income (loss) 1,908 952 6,024 1,967
Comprehensive income (loss) attributable to:        
Newmont stockholders  1,897 950 5,988 1,952
Noncontrolling interests 11 2 36 15
Comprehensive income (loss) $ 1,908 $ 952 $ 6,024 $ 1,967
v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 5,639 $ 3,619
Trade receivables (Note 5) 1,047 1,056
Investments (Note 12) 328 21
Inventories (Note 13) 1,504 1,423
Stockpiles and ore on leach pads (Note 14) 944 761
Other current assets 744 786
Assets held for sale (Note 3) 166 4,609
Current assets 10,372 12,275
Property, plant and mine development, net 33,621 33,547
Investments ($212 under fair value option at December 31, 2024) (Note 12) 4,103 4,471
Stockpiles and ore on leach pads (Note 14) 2,521 2,266
Deferred income tax assets 40 124
Goodwill 2,658 2,658
Derivative assets (Note 11) 356 142
Other non-current assets 1,019 866
Total assets 54,690 56,349
LIABILITIES    
Accounts payable 832 843
Employee-related benefits 750 630
Income and mining taxes payable 884 381
Lease and other financing obligations 116 107
Debt (Note 15) 0 924
Other current liabilities (Note 16) 2,500 2,481
Liabilities held for sale (Note 3) 4 2,177
Current liabilities 5,086 7,543
Debt (Note 15) 5,180 7,552
Lease and other financing obligations 355 389
Reclamation and remediation liabilities (Note 6) 6,228 6,394
Deferred income tax liabilities 2,885 2,820
Employee-related benefits 583 555
Silver streaming agreement 623 699
Other non-current liabilities ($198 and $51 valued under fair value option, respectively) (Note 16) 339 288
Total liabilities 21,279 26,240
Commitments and contingencies (Note 18)
EQUITY    
Common stock 1,760 1,813
Treasury stock (297) (278)
Additional paid-in capital 28,955 29,808
Accumulated other comprehensive income (loss) (Note 17) 109 (95)
Retained earnings (Accumulated deficit) 2,699 (1,320)
Newmont stockholders' equity 33,226 29,928
Noncontrolling interests 185 181
Total equity 33,411 30,109
Total liabilities and equity $ 54,690 $ 56,349
v3.25.3
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Marketable securities   $ 212
Fair value option, liability, noncurrent $ 198 $ 51
v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Operating activities:          
Net income (loss) $ 1,843 $ 924 $ 5,820 $ 1,960  
Non-cash adjustments:          
Depreciation and amortization 643 631 1,856 1,887  
(Gain) loss on sale of assets held for sale (Note 3) (99) 115 (1,074) 846  
Change in fair value of investments and options     (480) (39)  
Net (income) loss from discontinued operations 0 (49) 0 (68)  
Deferred income taxes     416 (35)  
Reclamation and remediation     282 306  
Stock-based compensation     71 66  
Other non-cash adjustments     93 22  
Change in operating assets and liabilities:          
Trade and other receivables     74 (307)  
Inventories, stockpiles and ore on leach pads     (342) (580)  
Other assets     (143) 63  
Accounts payable     (8) (54)  
Reclamation and remediation liabilities (Note 6)     (527) (273)  
Accrued tax liabilities [1]     527 82  
Other accrued liabilities     148 (69)  
Net cash provided by (used in) operating activities of continuing operations     6,713 3,807  
Net cash provided by (used in) operating activities of discontinued operations     0 45  
Net cash provided by (used in) operating activities     6,713 3,852  
Investing activities:          
Proceeds from sales of mining operations and other assets, net     2,789 330  
Additions to property, plant and mine development (727) (877) (2,227) (2,527)  
Proceeds from sales of investments     952 15  
Return of investment from equity method investees     55 55  
Contributions to equity method investees     (52) (35)  
Purchases of investments     (14) (62)  
Other      (117) 70  
Net cash provided by (used in) investing activities of continuing operations     1,386 (2,154)  
Net cash provided by (used in) investing activities of discontinued operations     0 153  
Net cash provided by (used in) investing activities     1,386 (2,001)  
Financing activities:          
Repayment of debt     (3,360) (3,783)  
Repurchases of common stock     (1,875) (448)  
Dividends paid to common stockholders     (834) (863)  
Distributions to noncontrolling interests     (132) (113)  
Funding from noncontrolling interests     103 87  
Payments on lease and other financing obligations     (70) (62)  
Payments for withholding of employee taxes related to stock-based compensation     (19) (12)  
Proceeds from issuance of debt, net     0 3,476  
Other     (20) (28)  
Net cash provided by (used in) financing activities     (6,207) (1,746)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (8) (15)  
Net change in cash, cash equivalents and restricted cash, including cash and restricted cash reclassified to assets held for sale     1,884 90  
Less: change in cash and restricted cash reclassified to assets held for sale [2]     138 (140)  
Net change in cash, cash equivalents and restricted cash     2,022 (50)  
Cash, cash equivalents and restricted cash at beginning of period      3,650 3,100 $ 3,100
Cash, cash equivalents and restricted cash at end of period  5,672 3,050 5,672 3,050 3,650
Reconciliation of cash, cash equivalents and restricted cash:          
Cash and cash equivalents 5,639 3,016 5,639 3,016 3,619
Restricted cash included in other current assets 1 3 1 3  
Restricted cash included in other non-current assets 32 31 32 31  
Total cash, cash equivalents and restricted cash $ 5,672 $ 3,050 $ 5,672 $ 3,050 $ 3,650
[1] Includes $1,701 and $558 of cash payments for income and mining taxes, net of refunds, for the nine months ended September 30, 2025 and 2024, respectively.
[2] During the first quarter of 2024, certain non-core assets were determined to meet the criteria for assets held for sale. As a result, at September 30, 2024 the related assets, including $86 of Cash and cash equivalents and $54 of restricted cash, included in Other current assets and Other non-current assets, were reclassified to Assets held for sale. At September 30, 2025, no amounts relating to Cash and cash equivalents and restricted cash remained in Assets held for sale. Refer to Note 3 for additional information.
v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($)
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Income and mining taxes paid, net of refunds $ 1,701,000,000 $ 558,000,000
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program    
Disposal group, including discontinued operation, cash and cash equivalents 0 86,000,000
Disposal group, including discontinued operation, restricted cash and restricted cash equivalents $ 0 $ 54,000,000
v3.25.3
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Noncontrolling Interests
Balance at beginning of period (in shares) at Dec. 31, 2023   1,159          
Balance at beginning of period at Dec. 31, 2023 $ 29,205 $ 1,854 $ (264) $ 30,419 $ 14 $ (2,996) $ 178
Balance at beginning of period (in shares) at Dec. 31, 2023     (7)        
Changes in Equity              
Net income (loss) 179         170 9
Other comprehensive income (loss)  (30)       (30)    
Dividends declared [1] (285)         (285)  
Distributions declared to noncontrolling interests (35)           (35)
Cash calls requested from noncontrolling interests 33           33
Withholding of employee taxes related to stock-based compensation (10)   $ (10)        
Stock-based awards and related share issuances (in shares)   1          
Stock-based awards and related share issuances 18 $ 1   17      
Balance at end of period (in shares) at Mar. 31, 2024   1,160          
Balance at end of period at Mar. 31, 2024 29,075 $ 1,855 $ (274) 30,436 (16) (3,111) 185
Balance at end of period (in shares) at Mar. 31, 2024     (7)        
Balance at beginning of period (in shares) at Dec. 31, 2023   1,159          
Balance at beginning of period at Dec. 31, 2023 29,205 $ 1,854 $ (264) 30,419 14 (2,996) 178
Balance at beginning of period (in shares) at Dec. 31, 2023     (7)        
Changes in Equity              
Other comprehensive income (loss)  7            
Balance at end of period (in shares) at Sep. 30, 2024   1,151          
Balance at end of period at Sep. 30, 2024 29,896 $ 1,840 $ (276) 30,228 21 (2,101) 184
Balance at end of period (in shares) at Sep. 30, 2024     (7)        
Balance at beginning of period (in shares) at Mar. 31, 2024   1,160          
Balance at beginning of period at Mar. 31, 2024 29,075 $ 1,855 $ (274) 30,436 (16) (3,111) 185
Balance at beginning of period (in shares) at Mar. 31, 2024     (7)        
Changes in Equity              
Net income (loss) 857         853 4
Other comprehensive income (loss)  9       9    
Dividends declared [1] (292)         (292)  
Distributions declared to noncontrolling interests (36)           (36)
Cash calls requested from noncontrolling interests 31           31
Repurchase and retirement of common stock (in shares)   (2)          
Repurchase and retirement of common stock (105) $ (4)   (66)   (35)  
Stock-based awards and related share issuances 24     24      
Balance at end of period (in shares) at Jun. 30, 2024   1,158          
Balance at end of period at Jun. 30, 2024 29,563 $ 1,851 $ (274) 30,394 (7) (2,585) 184
Balance at end of period (in shares) at Jun. 30, 2024     (7)        
Changes in Equity              
Net income (loss) 924         922 2
Other comprehensive income (loss)  28       28    
Dividends declared [1] (287)         (287)  
Distributions declared to noncontrolling interests (36)           (36)
Cash calls requested from noncontrolling interests 34           34
Repurchase and retirement of common stock (in shares)   (7)          
Repurchase and retirement of common stock (347) $ (11)   (185)   (151)  
Withholding of employee taxes related to stock-based compensation (2)   $ (2)        
Stock-based awards and related share issuances 19     19      
Balance at end of period (in shares) at Sep. 30, 2024   1,151          
Balance at end of period at Sep. 30, 2024 29,896 $ 1,840 $ (276) 30,228 21 (2,101) 184
Balance at end of period (in shares) at Sep. 30, 2024     (7)        
Balance at beginning of period (in shares) at Dec. 31, 2024   1,134          
Balance at beginning of period at Dec. 31, 2024 30,109 $ 1,813 $ (278) 29,808 (95) (1,320) 181
Balance at beginning of period (in shares) at Dec. 31, 2024     (7)        
Changes in Equity              
Net income (loss) 1,902         1,891 11
Other comprehensive income (loss)  56       56    
Dividends declared [2] (280)         (280)  
Distributions declared to noncontrolling interests (44)           (44)
Cash calls requested from noncontrolling interests 35           35
Repurchase and retirement of common stock (in shares) [3]   (8)          
Repurchase and retirement of common stock [3] (351) $ (12)   (201)   (138)  
Withholding of employee taxes related to stock-based compensation (15)   $ (15)        
Stock-based awards and related share issuances (in shares)   1          
Stock-based awards and related share issuances 19 $ 2   17      
Balance at end of period (in shares) at Mar. 31, 2025   1,127          
Balance at end of period at Mar. 31, 2025 31,431 $ 1,803 $ (293) 29,624 (39) 153 183
Balance at end of period (in shares) at Mar. 31, 2025     (7)        
Balance at beginning of period (in shares) at Dec. 31, 2024   1,134          
Balance at beginning of period at Dec. 31, 2024 30,109 $ 1,813 $ (278) 29,808 (95) (1,320) 181
Balance at beginning of period (in shares) at Dec. 31, 2024     (7)        
Changes in Equity              
Other comprehensive income (loss)  204       204    
Balance at end of period (in shares) at Sep. 30, 2025   1,100          
Balance at end of period at Sep. 30, 2025 33,411 $ 1,760 $ (297) 28,955 109 2,699 185
Balance at end of period (in shares) at Sep. 30, 2025     (7)        
Balance at beginning of period (in shares) at Mar. 31, 2025   1,127          
Balance at beginning of period at Mar. 31, 2025 31,431 $ 1,803 $ (293) 29,624 (39) 153 183
Balance at beginning of period (in shares) at Mar. 31, 2025     (7)        
Changes in Equity              
Net income (loss) 2,075         2,061 14
Other comprehensive income (loss)  83       83    
Dividends declared [2] (281)         (281)  
Distributions declared to noncontrolling interests (56)           (56)
Cash calls requested from noncontrolling interests 34           34
Repurchase and retirement of common stock (in shares) [4]   (19)          
Repurchase and retirement of common stock [4] (1,021) $ (31)   (506)   (484)  
Withholding of employee taxes related to stock-based compensation (1)   $ (1)        
Stock-based awards and related share issuances 23     23      
Balance at end of period (in shares) at Jun. 30, 2025   1,108          
Balance at end of period at Jun. 30, 2025 32,287 $ 1,772 $ (294) 29,141 44 1,449 175
Balance at end of period (in shares) at Jun. 30, 2025     (7)        
Changes in Equity              
Net income (loss) 1,843         1,832 11
Other comprehensive income (loss)  65       65    
Dividends declared [2] (273)         (273)  
Distributions declared to noncontrolling interests (32)           (32)
Cash calls requested from noncontrolling interests 31           31
Repurchase and retirement of common stock (in shares) [3],[5]   (8)          
Repurchase and retirement of common stock [3],[5] (522) $ (12)   (201)   (309)  
Withholding of employee taxes related to stock-based compensation (3)   $ (3)        
Stock-based awards and related share issuances 15     15      
Balance at end of period (in shares) at Sep. 30, 2025   1,100          
Balance at end of period at Sep. 30, 2025 $ 33,411 $ 1,760 $ (297) $ 28,955 $ 109 $ 2,699 $ 185
Balance at end of period (in shares) at Sep. 30, 2025     (7)        
[1] Cash dividends paid per common share were $0.25 and $0.75 for the three and nine months ended September 30, 2024, respectively.
[2] Cash dividends paid per common share were $0.25 and $0.75 for the three and nine months ended September 30, 2025, respectively.
[3] In October 2025, an additional $179 of common stock was repurchased and retired
[4] As of September 30, 2025, the Company has accrued for excise tax on share repurchases of $19, included in Other non-current liabilities.
[5] In October 2025, an additional $179 of common stock was repurchased and reti
v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 9 Months Ended
Oct. 31, 2025
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Cash dividends declared per common share (in dollars per share)   $ 0.25 $ 0.25 $ 0.75 $ 0.75
Excise tax payable, noncurrent   $ 19   $ 19  
Repurchase and retirement of common stock   522 [1],[2] $ 347    
Common Stock          
Repurchase and retirement of common stock   $ 12 [1],[2] $ 11    
Common Stock | Subsequent Event          
Repurchase and retirement of common stock $ 179        
[1] In October 2025, an additional $179 of common stock was repurchased and reti
[2] In October 2025, an additional $179 of common stock was repurchased and retired
v3.25.3
BASIS OF PRESENTATION
 9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BASIS OF PRESENTATION BASIS OF PRESENTATION
The interim Condensed Consolidated Financial Statements (“interim statements”) of Newmont Corporation, a Delaware corporation and its subsidiaries (collectively, “Newmont,” “we,” “us,” or the “Company”) are unaudited. In the opinion of management, all normal recurring adjustments and disclosures necessary for a fair presentation of these interim statements have been included. The results reported in these interim statements are not necessarily indicative of the results that may be reported for the entire year. These interim statements should be read in conjunction with Newmont’s Consolidated Financial Statements for the year ended December 31, 2024, as filed with the SEC on February 21, 2025 on Form 10-K. The year-end balance sheet data was derived from the audited financial statements and, in accordance with the instructions to Form 10-Q, certain information and footnote disclosures required by GAAP have been condensed or omitted.
Divestiture of Non-Core Assets
The Company completed the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024, the sale of the CC&V, Musselwhite, and Éléonore reportable segments in the first quarter of 2025, and the sale of the Porcupine and Akyem reportable segments in the second quarter of 2025. In the third quarter of 2025, the Company entered into a definitive agreement to sell the Coffee development project, which closed in the fourth quarter of 2025 and remained designated as held for sale at September 30, 2025.
Refer to Note 3 for further information on divestitures.
v3.25.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 9 Months Ended
Sep. 30, 2025
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Risks and Uncertainties
As a global mining company, the Company’s revenue, profitability and future rate of growth are substantially dependent on prevailing metal prices, primarily for gold, but also for copper, silver, lead, and zinc. Historically, the commodity markets have been very volatile, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or extended decline in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital, and on the quantities of reserves that the Company can economically produce. The carrying value of the Company’s Property, plant and mine development, net; Inventories; Stockpiles and ore on leach pads; Investments; certain Derivative assets; Deferred income tax assets; and Goodwill are particularly sensitive to the outlook for commodity prices. A decline in the Company’s price outlook from current levels could result in material impairment charges related to these assets.
The Company's global operations expose it to risks associated with public health crises, geopolitical and macroeconomic pressures, including but not limited to inflationary conditions, as well as the effects of certain countermeasures taken by central banks, supply chain disruptions resulting from global conflicts and other global events, an uncertain and evolving labor market and trade environment including tariff and regulatory changes.
Factors that could have further potential short- and, possibly, long-term material adverse impacts on the Company include, but are not limited to, volatility in commodity prices and the prices for gold and other metals, changes in the equity and debt markets or country-specific factors adversely impacting discount rates, significant cost inflation impacts on production, capital and asset retirement costs, logistical challenges, workforce interruptions and financial market disruptions, energy market disruptions, as well as potential impacts to estimated costs and timing of projects.
At the Company’s Yanacocha operations, the mining of oxide ores under its current life-of-mine plan are expected to complete in the fourth quarter of this year. The Company has chosen to continue deferring the investment decision for the Yanacocha Sulfides project and upon cessation of mining this year, will focus its operations on residual gold leaching and eventual transition of the Yanacocha operations into full closure. Associated with the wind-down of operations, the Company is exploring legal alternatives up to and including liquidation of Minera Yanacocha S.R.L., while working to preserve future optionality around its development projects and other exploration potential.
To the extent the Company determines that its development projects in Peru are no longer sufficiently profitable or economically feasible under the Company’s internal requirements, or if these projects are not aligned with the Company’s current capital allocation priorities and strategic direction, this could result in negative modifications to the Company's proven and probable reserves. Further, decisions made by the Company may also indicate that the current carrying value of the assets under construction of its development projects in Peru, and other long-lived assets of the Yanacocha operations, may not be recoverable. As of September 30, 2025, the Yanacocha operations had total long-lived assets of approximately $1,076, inclusive of $827 of assets under construction related to the Yanacocha Sulfides project.
The Company also continues to hold the Conga project in Peru with a total carrying value of $890 at September 30, 2025. While higher near-term gold and copper prices could be a positive indicator of future profitability and economic returns from this project, based on current conditions, the Company does not anticipate developing Conga in the next ten years and so this project
remains in care and maintenance. Should the Company be unable to develop the Conga project, other alternatives for the project would be considered, which may result in a future impairment charge for the remaining assets.
Refer to Note 18 below for further information on risks and uncertainties that could have a potential impact on the Company as well as Note 2 to the Consolidated Financial Statements included in Part II, Item 8, of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 21, 2025.
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the accounting for and recognition and disclosure of assets, liabilities, equity, revenues, and expenses. The Company must make these estimates and assumptions because certain information used is dependent on future events, cannot be calculated with a high degree of precision from data available or simply cannot be readily calculated based on generally accepted methodologies. Actual results could differ from these estimates.
Indemnification Liabilities
The Company has provided certain indemnifications in connection with divestitures. The indemnifications contingently require the Company, as guarantor, to make payments to the guaranteed party and are initially measured at the greater of fair value or the contingent liability amount to be recognized in accordance with ASC 450 and are included in Other non-current liabilities. For indemnifications provided in sales agreements, a portion of the sale proceeds is allocated to the guarantee, which adjusts the gain or loss that would otherwise result from the transaction. The subsequent accounting for the liability depends on the nature of the underlying guarantee. Indemnification liabilities are reduced as the Company is released from risk under the guarantee. The recognition and measurement provisions of ASC 450 continue to apply to the contingent loss portion of the guarantee unless the guarantee is accounted for as a derivative.
Reclassifications
Certain amounts and disclosures in prior years have been reclassified to conform to the current year presentation.
Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules
Improvement to Income Tax Disclosures
In December 2023, ASU 2023-09 was issued which requires disaggregated information about the effective tax rate reconciliation and additional information on taxes paid that meet a qualitative threshold. The new guidance is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. The Company adopted this standard as of January 1, 2025 and will reflect the new disclosure requirements in its annual report.
Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules
Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract
In September 2025, ASU 2025-07 was issued expanding the scope of contracts that are excluded from derivative accounting and clarifying the accounting for share-based noncash consideration in revenue contracts. The new guidance is effective for annual reporting periods beginning after December 15, 2026, with early adoption permitted. The Company is currently evaluating the impacts of the guidance on its consolidated financial statements.
Disaggregation of Income Statement Expenses
In November 2024, ASU 2024-03 was issued, requiring additional disclosures in the notes to the financial statements on the nature of certain expense captions presented on the face of the Consolidated Statement of Operations. The new guidance is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impacts of the guidance on its disclosures.
v3.25.3
DIVESTITURES
 9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
DIVESTITURES DIVESTITURES
Based on a comprehensive review of the Company’s portfolio of assets following the Newcrest acquisition, the Company’s Board of Directors approved a portfolio optimization program to divest six non-core assets and a development project in February 2024. The non-core assets to be divested included CC&V, Musselwhite, Porcupine, Éléonore, Telfer, Akyem, and the Coffee development project in Canada. The Company presented these assets as held for sale in the first quarter of 2024 and recorded the assets at the lower of their carrying value or fair value, less costs to sell. These assets are periodically valued until sale occurs with any resulting gain or loss recognized in (Gain) loss on sale of assets held for sale.
The Company completed the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024, the sale of the CC&V, Musselwhite, and Éléonore reportable segments in the first quarter of 2025, and the sale of the Porcupine and Akyem reportable segments in the second quarter of 2025. In the third quarter of 2025, the Company entered into a definitive agreement to sell the
Coffee development project, which closed in the fourth quarter of 2025 and remained designated as held for sale at September 30, 2025.
Gains or losses recognized on the completion of the sales are recognized in (Gain) loss on sale of assets held for sale. All sales agreements include transitional services support to be provided by the Company up to a one-year period following close. Gains recognized on the completed sales during the nine months ended September 30, 2025 are summarized in the table below; value of consideration received and indemnifications provided represent the value at the time of close.
CC&VMusselwhitePorcupineÉléonoreAkyemTotal
Cash received, net of working capital adjustments (1)
$109 $799 $201 $784 $888 $2,781 
Deferred consideration received154 14 107 — 84 359 
Equity consideration— — 233 — — 233 
Value of consideration received263 813 541 784 972 3,373 
Less: Carrying value of net assets divested(196)(794)(513)(612)(270)(2,385)
Less: Indemnification provided(65)— — — (19)(84)
Gain on completed sales (2)(3)
$2 $19 $28 $172 $683 $904 
____________________________
(1)Certain working capital adjustments are to be finalized over a defined period from the close of sale. Any resulting revisions will be settled in cash, with an offsetting impact recognized in (Gain) loss on sale of assets held for sale. Adjustments are not expected to be material.
(2)Recognized in (Gain) loss on sale of assets held for sale.
(3)A total net loss of $15 was recognized on the CC&V divestment since designation as held for sale in the first quarter of 2024, including a gain of $2 which was recognized for the nine months ended September 30, 2025. For Porcupine, a total net loss of $358 was recognized since designation as held for sale in the first quarter of 2024, including a $76 loss reversal and $28 gain recognized in the first and second quarter of 2025, respectively, resulting in a total gain of $104 recognized for the nine months ended September 30, 2025. The total net losses on CC&V and Porcupine include prior period write-downs; no prior period write-downs were incurred on Musselwhite, Éléonore, or Akyem.
CC&V. Sale of the CC&V reportable segment to SSR Mining Inc. ("SSR") closed on February 28, 2025. The deferred consideration consists of $175 payable in two installments of $87.5 upon certain regulatory approvals. The deferred payments meet the definition of a derivative asset and are included as contingent consideration in Derivative assets. The indemnification consists of a guarantee in which the Company will indemnify SSR for 90% of certain closure costs over $500 related to the Company’s historical mining activities with no limitation to the maximum potential future payments. The Company has an opportunity to fully settle the indemnification at certain milestones through a one-time lump sum payment. The indemnification is included in Other non-current liabilities.
Musselwhite. Sale of the Musselwhite reportable segment to Orla Mining Ltd ("Orla") closed on February 28, 2025. The deferred consideration consists of $40 payable in two installments of $20 on the first and second year anniversary of the close date, dependent on the average spot gold price over the respective period. The deferred payments meet the definition of a derivative asset and are included as contingent consideration in Other current assets and Derivative assets, respectively.
Porcupine. Sale of the Porcupine reportable segment to Discovery Silver Corp. ("Discovery") closed on April 15, 2025. The deferred consideration consists of $150 to be paid in four equal annual installments beginning December 31, 2027. The deferred consideration is classified as a note receivable and is included in Other non-current assets. Equity consideration consisted of $233 of Discovery shares, which were accounted for as marketable equity securities and fully divested in the third quarter of 2025.
Éléonore. Sale of the Éléonore reportable segment to Dhilmar Ltd closed on February 28, 2025.
Akyem. Sale of the Akyem reportable segment to Zijin Mining Group Co., Ltd ("Zijin") closed on April 15, 2025. The deferred consideration consisted of $100 payable at the earlier of lease ratification or the fifth year anniversary of the close date. The deferred consideration met the definition of a derivative asset and was included as contingent consideration in Derivative assets. The indemnification consisted of a guarantee in which the Company would have indemnified Zijin for losses from non-ratification of the lease by the Ghanaian Parliament, government actions stopping operations, or required renegotiations to secure ratification, with a cap of $200 and a 5-year claim period. In the third quarter of 2025, the lease was ratified resulting in receipt of the deferred consideration and removal of the indemnification obligation resulting in a gain of $35 recognized in (Gain) loss on sale of assets held for sale.
(Gain) loss on sale of assets held for sale consisted of the following:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
(Gain) on completed sales$— $— $(904)$— 
(Reversal of write-downs) write-downs on assets held for sale (1)
(65)115 (141)624 
Tax impact (2)
(29)— (46)222 
Other (3)
(5)— 17 — 
$(99)$115 $(1,074)$846 
____________________________
(1)In the third quarter of 2025, the Company recognized a partial reversal of the prior period write-down on the Coffee development project as a result of the binding sales agreement.
(2)In 2025, tax impacts on the reversals of prior period write-downs of assets held for sale resulted in the reduction to the respective deferred tax asset, which decreased the carrying values of the related disposal group and resulted in additional gains. In 2024, a tax impact on write-downs of assets held for sale resulted in the establishment of a deferred tax asset, which increased the respective carrying values of the related disposal groups and resulted in an additional loss.
(3)Primarily consists of the impact of finalization of certain working capital adjustments on completed sales and certain costs incurred under the transitional services support agreements.
At September 30, 2025, assets held for sale consisted of the Coffee development project. At December 31, 2024, assets held for sale consisted of CC&V, Musselwhite, Porcupine, Éléonore, Akyem, and the Coffee development project.
The estimated fair values of assets held for sale are considered a non-recurring level 2 or 3 fair value measurements and were determined using (i) the market approach for disposal groups in which a binding sales agreement was in place but close had not yet occurred, or (ii) the income approach in the absence of a binding sales agreement. For fair values estimated using the income approach, the significant inputs at December 31, 2024 included (i) cash flow information available to the Company, (ii) a long-term gold price of $1,900 (iii) current estimates of resources and exploration potential, and (iv) a reporting unit specific discount rate of 9.75%. Additional losses may be incurred as fair value estimates change.
The following table presents the carrying value of the major classes of assets and liabilities held for sale for the Coffee development project as of September 30, 2025. The carrying value is presented prior to the recognition of the cumulative write-down of $155, excluding tax impacts, resulting in an aggregate net book value of assets held for sale of $162.
Coffee Project (1)
Assets held for sale:
Property, plant and mine development, net$321 
Carrying value of assets held for sale$321 
Liabilities held for sale:
Reclamation and remediation liabilities$3 
Other liabilities1 
Carrying value of liabilities held for sale$4 
____________________________
(1)The Coffee Project is included in Corporate and Other in Note 4.
The following table presents the carrying value of the major classes of assets and liabilities held for sale by disposal group as of December 31, 2024. The carrying values are presented prior to recognition of the write-down of $699, excluding tax impacts, resulting in an aggregate net book value of the assets held for sale of $2,432.
CC&V (1)
Musselwhite (1)
Porcupine (1)
Éléonore (1)
Akyem (1)
Coffee Project (2)
Total
Assets held for sale:
Property, plant and mine development, net$170 $1,063 $1,541 $785 $559 $321 $4,439 
Other assets408 39 93 70 258 1 869 
Carrying value of assets held for sale$578 $1,102 $1,634 $855 $817 $322 $5,308 
Liabilities held for sale:
Reclamation and remediation liabilities$334 $82 $563 $87 $427 $3 $1,496 
Other liabilities37 257 223 71 91 2 681 
Carrying value of liabilities held for sale$371 $339 $786 $158 $518 $5 $2,177 
____________________________
(1)Divested as of September 30, 2025.
(2)The Coffee Project is included in Corporate and Other in Note 4.
v3.25.3
SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company regularly reviews its segment reporting for alignment with its strategic goals and operational structure as well as for evaluation of business performance and allocation of resources by Newmont’s Chief Operating Decision Maker ("CODM"). At September 30, 2025, the reportable segments of the Company comprise each of its 11 managed mining operations, which includes its 70% proportionate interest in Red Chris, and its 38.5% proportionate interest in Nevada Gold Mines ("NGM"), which it does not directly manage. Newmont consolidates Suriname Gold project C.V. (“Merian”) through its wholly-owned subsidiary, Newmont Suriname LLC., as the primary beneficiary of Merian, which is a variable interest entity. The reportable segments at September 30, 2025 excludes those that have been divested. Refer to Note 3 for further information on divestitures.
In the following tables, Income (loss) before income and mining tax and other items from reportable segments does not reflect general corporate expenses, interest (except project-specific interest) or income and mining taxes. Intercompany revenue and expense amounts have been eliminated within each segment in order to report on the basis that management uses internally for evaluating segment performance. The Company's business activities and operating segments that are not considered reportable, including all equity method investments, are reported in the non-operating segment Corporate and Other, which has been provided for reconciliation purposes.
The CODM uses Income (loss) before income and mining tax and other items to evaluate income generated from segment assets in deciding whether to reinvest profits into the mine operation or reallocate for other capital priorities under the Company's capital allocation strategy. Additionally, the CODM primarily uses this metric to assess performance of the segment, plan and forecast future business operations, and benchmark to competitors.
The financial information relating to the Company’s segments is as follows:
Three Months Ended
September 30, 2025		SalesCosts Applicable to SalesDepreciation and AmortizationReclamation and RemediationAdvanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)(2)
Income (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (3)
Ahafo$516 $195 $45 $2 $16 $7 $251 $122 
Brucejack272 91 53 1 8 3 116 36 
Red Chris
Gold55 23 6 
Copper69 48 14 
Total Red Chris124 71 20 2 3 1 27 47 
Peñasquito:
Gold382 97 38 
Silver293 96 38 
Lead52 33 13 
Zinc191 118 41 
Total Peñasquito918 344 130 5 4 14 421 26 
Merian159 78 17 2 10 — 52 16 
Cerro Negro
207 83 34 1 8 3 78 31 
Yanacocha530 117 30 46 4 (9)342 7 
Boddington:
Gold471 166 32 
Copper55 26 5 
Total Boddington526 192 37 4 — 7 286 31 
Tanami366 121 34 — 2 4 205 145 
Cadia:
Gold343 74 28 
Copper195 67 26 
Total Cadia538 141 54 1 2 7 333 139 
Lihir475 202 50 3 5 7 208 36 
NGM893 316 114 3 8 (6)458 95 
Total Reportable Segments5,524 1,951 618 70 70 38 2,777 731 
Corporate and Other (4)
— — 25 53 35 157 (270)5 
Consolidated$5,524 $1,951 $643 $123 $105 $195 $2,507 $736 
____________________________
(1)Other Segment Expenses (Income) for all reportable segments includes Other expense, net and Other income (loss), net. Refer to Notes 7 and 8, respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative, Change in fair value of investments and options, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other.
(2)Other Segment Expenses (Income) includes (Gain) loss on sale of assets held for sale which primarily consists of a partial reversal of the prior period write-down on the Coffee development project as a result of the binding sales agreement. Refer to Note 3 for further information on the Company's divestitures.
(3)Includes an increase in non-cash adjustments of $9, primarily comprised of the change in accrued capital expenditures. Consolidated capital expenditures on a cash basis were $727.
(4)The Coffee development project disposal group is included in Corporate and Other. Refer to Note 3 for further information on the Company's divestitures.
Three Months Ended
September 30, 2024		SalesCosts Applicable to SalesDepreciation and Amortization
Reclamation and Remediation (1)
Advanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)(2)
Income (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (3)
Ahafo$551 $192 $55 $2 $14 $(5)$293 $102 
Brucejack252 98 70 1 7 1 75 17 
Red Chris
Gold24 21 7 
Copper51 71 22 
Total Red Chris75 92 29 1 5 (4)(48)41 
Peñasquito:
Gold144 54 22 
Silver147 75 32 
Lead32 26 10 
Zinc152 118 43 
Total Peñasquito475 273 107 5 2 37 51 32 
Merian158 113 24 1 6 1 13 14 
Cerro Negro
150 91 31 1 4 3 20 58 
Yanacocha220 96 23 47 2 (6)58 21 
Boddington:
Gold326 136 25 
Copper73 44 9 
Total Boddington399 180 34 4 1 6 174 34 
Tanami248 98 30 1 8 12 99 108 
Cadia:
Gold298 80 30 
Copper205 80 31 
Total Cadia503 160 61 — 3 12 267 155 
Lihir317 206 37 1 2 5 66 44 
NGM611 320 103 3 5 2 178 103 
Held for Sale (4)
CC&V94 54 3 2 1 1 33 7 
Musselwhite124 50 — 1 1 1 71 27 
Porcupine172 78 2 4 2 — 86 64 
Éléonore129 70 — 1 3 — 55 27 
Telfer (5)
Gold13 39 1 
Copper— 4 — 
Total Telfer13 43 1 6 6 115 (158)15 
Akyem114 95 10 3 1 (1)6 4 
Total Reportable Segments4,605 2,309 620 84 73 180 1,339 873 
Corporate and Other— 1 11 48 48 172 (280)7 
Consolidated$4,605 $2,310 $631 $132 $121 $352 $1,059 $880 
____________________________
(1)Segment presentation for the prior period has been recast due to the adoption of ASU 2023-07.
(2)Other Segment Expenses (Income) includes (Gain) loss on sale of assets held for sale, Other expense, net, and Other income (loss), net. Refer to Notes 3, 7, and 8, respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative, Change in fair value of investments and options, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other.
(3)Includes an increase in non-cash adjustments of $3, primarily comprised of the change in accrued capital expenditures. Consolidated capital expenditures on a cash basis were $877.
(4)Refer to Note 3 for information on the Company's divestitures.
(5)During the second quarter of 2024, seepage points were detected on the outer wall and around the tailings storage facility at Telfer and the Company temporarily ceased placing new tailings on the facility. Production resumed at the end of the third quarter of 2024. The Company completed the sale of Telfer in the fourth quarter of 2024.
Nine Months Ended
September 30, 2025		SalesCosts Applicable to SalesDepreciation and Amortization
Reclamation and Remediation
Advanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)(2)
Income (Loss) before Income and Mining Tax and Other Items
Total Assets
Capital Expenditures (3)
Ahafo$1,747 $643 $143 $6 $41 $(6)$920 $2,965 $369 
Brucejack566 265 141 4 13 7 136 2,622 77 
Red Chris
Gold150 61 17 
Copper205 129 37 
Total Red Chris355 190 54 6 8 (1)98 2,642 117 
Peñasquito:
Gold1,188 303 134 
Silver672 218 95 
Lead137 75 33 
Zinc513 305 118 
Total Peñasquito2,510 901 380 16 12 44 1,157 4,569 82 
Merian523 272 54 4 30 — 163 968 42 
Cerro Negro
427 233 88 4 19 13 70 1,818 114 
Yanacocha1,255 329 86 134 8 11 687 2,265 15 
Boddington:
Gold1,361 502 93 
Copper196 102 19 
Total Boddington1,557 604 112 12 3 23 803 2,488 102 
Tanami873 318 90 2 8 21 434 2,546 392 
Cadia:
Gold1,029 239 95 
Copper632 220 91 
Total Cadia1,661 459 186 4 6 41 965 6,489 412 
Lihir1,447 565 141 10 8 21 702 5,764 117 
NGM2,302 967 317 8 16 (5)999 7,423 290 
Total Reportable Segments15,223 5,746 1,792 210 172 169 7,134 42,559 2,129 
Corporate and Other (4)
— — 58 74 123 (70)(185)12,131 10 
Divested (5)
CC&V88 39 2 2 — (3)48 — 5 
Musselwhite94 33 — 1 — (18)78 — 14 
Porcupine (4)
177 79 1 6 1 20 70 — 54 
Éléonore138 54 — 1 2 (171)252 — 12 
Akyem131 107 3 5 — (683)699 — 9 
Consolidated$15,851 $6,058 $1,856 $299 $298 $(756)$8,096 $54,690 $2,233 
____________________________
(1)Other Segment Expenses (Income) for all reportable segments includes Other expense, net and Other income (loss), net. Refer to Notes 7 and 8, respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative, Change in fair value of investments and options, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other.
(2)Other Segment Expenses (Income) includes (Gain) loss on sale of assets held for sale which primarily consists of gains on the completed sales. Refer to Note 3 for further information.
(3)Includes an increase in non-cash adjustments of $6, primarily comprised of the change in accrued capital expenditures. Consolidated capital expenditures on a cash basis were $2,227.
(4)The Coffee development project disposal group is included in Corporate and Other. Additionally, Corporate and Other contained legacy reclamation related to Porcupine which was divested in the second quarter of 2025. Refer to Note 3 for information on the Company's divestitures.
(5)Refer to Note 3 for information on the Company's divestitures.
Nine Months Ended
September 30, 2024		SalesCosts Applicable to SalesDepreciation and Amortization
Reclamation and Remediation (1)
Advanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)(2)
Income (Loss) before Income and Mining Tax and Other Items
Total Assets (1)
Capital Expenditures (3)
Ahafo$1,354 $527 $161 $6 $31 $(27)$656 $3,290 $273 
Brucejack430 236 141 2 8 1 42 4,200 52 
Red Chris:
Gold59 35 11 
Copper160 135 41 
Total Red Chris219 170 52 2 9 (3)(11)2,367 125 
Peñasquito:
Gold385 145 59 
Silver557 282 117 
Lead136 88 36 
Zinc425 322 114 
Total Peñasquito1,503 837 326 15 7 42 276 4,686 90 
Merian455 299 63 3 15 2 73 935 64 
Cerro Negro
368 224 83 3 12 11 35 1,763 135 
Yanacocha587 261 74 143 8 1 100 1,905 54 
Boddington:
Gold945 419 77 
Copper236 141 27 
Total Boddington1,181 560 104 10 3 (2)506 2,466 91 
Tanami667 281 88 2 23 13 260 2,133 298 
Cadia:
Gold843 231 91 
Copper593 214 91 
Total Cadia1,436 445 182 2 12 5 790 6,492 400 
Lihir1,039 539 115 3 12 15 355 4,145 139 
NGM1,760 941 313 9 17 10 470 7,446 347 
Held for sale (4)
CC&V231 139 10 8 4 105 (35)478 20 
Musselwhite357 163 18 3 4 83 86 1,026 74 
Porcupine503 235 34 13 5 245 (29)1,432 159 
Éléonore392 239 21 3 8 — 121 897 77 
Telfer: (5)
Gold154 192 13 
Copper14 31 3 
Total Telfer168 223 16 11 12 118 (212)831 39 
Akyem380 252 51 10 5 (5)67 800 20 
Total Reportable Segments13,030 6,571 1,852 248 195 614 3,550 47,292 2,457 
Corporate and Other— 1 35 76 138 777 (1,027)8,883 15 
Consolidated$13,030 $6,572 $1,887 $324 $333 $1,391 $2,523 $56,175 $2,472 
____________________________
(1)Segment presentation for the prior period has been recast due to the adoption of ASU 2023-07.
(2)Other Segment Expenses (Income) includes (Gain) loss on sale of assets held for sale, Other expense, net, and Other income (loss), net. Refer to Notes 3, 7, and 8, respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative, Change in fair value of investments and options, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other.
(3)Includes a decrease in non-cash adjustments of $55, primarily comprised of the change in accrued capital expenditures. Consolidated capital expenditures on a cash basis were $2,527.
(4)Refer to Note 3 for information on the Company's divestitures. The Coffee development project disposal group is included in Corporate and Other.
(5)During the second quarter of 2024, seepage points were detected on the outer wall and around the tailings storage facility at Telfer and the Company temporarily ceased placing new tailings on the facility. Production resumed at the end of the third quarter of 2024. The Company completed the sale of Telfer in the fourth quarter of 2024.
v3.25.3
SALES
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
SALES SALES
The following tables present the Company’s Sales by mining operation, product, and inventory type:

Three Months Ended September 30, 2025Three Months Ended September 30, 2024
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal SalesGold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Ahafo$516 $— $516 $551 $— $551 
Brucejack195 77 272 161 91 252 
Red Chris:
Gold— 55 55 — 24 24 
Copper— 69 69 — 51 51 
Total Red Chris— 124 124 — 75 75 
Peñasquito:
Gold— 382 382 — 144 144 
Silver (1)
— 293 293 — 147 147 
Lead— 52 52 — 32 32 
Zinc— 191 191 — 152 152 
Total Peñasquito— 918 918 — 475 475 
Merian157 2 159 151 7 158 
Cerro Negro 207 — 207 150 — 150 
Yanacocha524 6 530 216 4 220 
Boddington:
Gold125 346 471 89 237 326 
Copper— 55 55 — 73 73 
Total Boddington125 401 526 89 310 399 
Tanami366 — 366 248 — 248 
Cadia:
Gold40 303 343 25 273 298 
Copper— 195 195 — 205 205 
Total Cadia40 498 538 25 478 503 
Lihir475 — 475 317 — 317 
NGM (2)
846 47 893 574 37 611 
Divested (3)
CC&V— — — 94 — 94 
Musselwhite— — — 124 — 124 
Porcupine— — — 172 — 172 
Éléonore— — — 129 — 129 
Telfer:
Gold— — — 6 7 13 
Copper— — — — — — 
Total Telfer— — — 6 7 13 
Akyem— — — 114 — 114 
Consolidated$3,451 $2,073 $5,524 $3,121 $1,484 $4,605 
____________________________
(1)Silver sales from concentrate includes $24 and $15 related to non-cash amortization of the silver streaming agreement liability for the three months ended September 30, 2025 and 2024, respectively.
(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $854 and $581 for the three months ended September 30, 2025 and 2024, respectively.
(3)Refer to Note 3 for information on the Company's divestitures.
Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal SalesGold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Ahafo$1,747 $— $1,747 $1,354 $— $1,354 
Brucejack384 182 566 291 139 430 
Red Chris:
Gold— 150 150 — 59 59 
Copper— 205 205 — 160 160 
Total Red Chris— 355 355 — 219 219 
Peñasquito:
Gold— 1,188 1,188 — 385 385 
Silver (1)
— 672 672 — 557 557 
Lead— 137 137 — 136 136 
Zinc— 513 513 — 425 425 
Total Peñasquito— 2,510 2,510 — 1,503 1,503 
Merian513 10 523 435 20 455 
Cerro Negro 427 — 427 368 — 368 
Yanacocha1,232 23 1,255 580 7 587 
Boddington:
Gold342 1,019 1,361 254 691 945 
Copper— 196 196 — 236 236 
Total Boddington342 1,215 1,557 254 927 1,181 
Tanami873 — 873 667 — 667 
Cadia:
Gold104 925 1,029 90 753 843 
Copper— 632 632 — 593 593 
Total Cadia104 1,557 1,661 90 1,346 1,436 
Lihir1,447 — 1,447 1,039 — 1,039 
NGM (2)
2,176 126 2,302 1,664 96 1,760 
Divested (3)
CC&V88 — 88 231 — 231 
Musselwhite 94 — 94 357 — 357 
Porcupine 177 — 177 503 — 503 
Éléonore 138 — 138 392 — 392 
Telfer:
Gold— — — 30 124 154 
Copper— — — — 14 14 
Total Telfer— — — 30 138 168 
Akyem131 — 131 380 — 380 
Consolidated$9,873 $5,978 $15,851 $8,635 $4,395 $13,030 
____________________________
(1)Silver sales from concentrate includes $63 and $65 related to non-cash amortization of the silver streaming agreement liability for the nine months ended September 30, 2025 and 2024, respectively.
(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $2,186 and $1,669 for the nine months ended September 30, 2025 and 2024, respectively.
(3)The Company completed the sale of Telfer in the fourth quarter of 2024, CC&V, Musselwhite, and Éléonore in the first quarter of 2025, and Porcupine and Akyem in the second quarter of 2025. Refer to Note 3 for information on the Company's divestitures.
Trade Receivables and Provisional Sales
At September 30, 2025 and December 31, 2024, Trade receivables consisted primarily of sales from provisionally priced concentrate and other production. Changes in pricing on provisional sales resulted in an increase to Sales of $144 and $66 for the three months ended September 30, 2025 and 2024, respectively, and $325 and $197 for the nine months ended September 30, 2025 and 2024, respectively.
At September 30, 2025, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months:
Provisionally Priced Sales
Subject to Final Pricing (1)
Average Provisional
Price (per ounce/pound)
Gold (ounces, in thousands)164 $3,850 
Copper (pounds, in millions)70 $4.68 
Silver (ounces, in millions)6 $46.39 
Lead (pounds, in millions)48 $0.89 
Zinc (pounds, in millions)93 $1.35 
____________________________
(1)Includes provisionally priced by-product sales subject to final pricing, which are recognized as a reduction to Costs applicable to sales.
v3.25.3
RECLAMATION AND REMEDIATION
 9 Months Ended
Sep. 30, 2025
Environmental Remediation Obligations [Abstract]  
RECLAMATION AND REMEDIATION RECLAMATION AND REMEDIATION
The Company’s mining and exploration activities are subject to various domestic and international laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. The Company conducts its operations to protect public health and the environment and believes its operations are in compliance with applicable laws and regulations in all material respects. The Company has made, and expects to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures. Estimated future reclamation and remediation costs are based principally on current legal and regulatory requirements.
The Company’s Reclamation and remediation expense consisted of:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Reclamation adjustments and other$17 $13 $19 $17 
Reclamation accretion73 90 236 262 
Reclamation expense90 103 255 279 
Remediation adjustments and other32 26 39 39 
Remediation accretion1 3 5 6 
Remediation expense33 29 44 45 
Reclamation and remediation$123 $132 $299 $324 
The following are reconciliations of Reclamation and remediation liabilities:
ReclamationRemediation
2025202420252024
Balance at January 1,$7,015 $8,385 $370 $401 
Additions, changes in estimates, and other (1)
42 (2)27 28 
Acquisitions and Divestitures (2)(3)
(13)64 — — 
Payments, net(471)(214)(56)(59)
Accretion expense 236 262 5 6 
Reclassification to Liabilities held for sale (3)
— (1,658)— (20)
Balance at September 30,
$6,809 $6,837 $346 $356 
____________________________
(1)The addition to reclamation for the nine months ended September 30, 2025 was primarily related to NGM, as a result of higher water management costs and higher mercury storage and disposal costs at the Carlin mine. The addition to remediation for the nine months ended September 30, 2025 was primarily related to higher water management costs and project execution delays at the Midnite Mine. The addition to remediation for the nine months ended September 30, 2024 was primarily due to the completion of haul road safety enhancements and continued clean up of contaminated materials and closure of the three mine portals at the Ross Adams mine. The Midnite Mine and Ross Adams mine are included in Corporate and Other in Note 4.
(2)During 2024, measurement period adjustments of $64 relating to refinements to the preliminary valuation of the Telfer asset resulted in an increase to Reclamation and remediation liabilities.
(3)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for assets held for sale. As a result, the related assets and liabilities, including reclamation and remediation liabilities, were reclassified to Assets held for sale and Liabilities held for sale,
respectively. The Company completed the sale of CC&V, Musselwhite, and Éléonore in the first quarter of 2025, and Porcupine and Akyem in the second quarter of 2025. Refer to Note 3 for information on the Company's divestitures.
At September 30, 2025At December 31, 2024
ReclamationRemediationTotalReclamationRemediationTotal
Current (1)
$861 $66 $927 $928 $63 $991 
Non-current (2)
5,948 280 6,228 6,087 307 6,394 
Total (3)
$6,809 $346 $7,155 $7,015 $370 $7,385 
____________________________
(1)The current portion of reclamation and remediation liabilities are included in Other current liabilities; refer to Note 16 for further information.
(2)The non-current portion of reclamation and remediation liabilities are included in Reclamation and remediation liabilities.
(3)Total reclamation liabilities include $4,251 and $4,546 related to Yanacocha at September 30, 2025 and December 31, 2024, respectively.
The Company is also involved in several matters concerning environmental remediation obligations associated with former, primarily historic, mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. The amounts accrued are reviewed periodically based upon facts and circumstances available at the time. Changes in estimates are recorded in Other current liabilities and Reclamation and remediation liabilities in the period estimates are revised.
Included in Assets held for sale at September 30, 2025 and December 31, 2024 are $— and $93, respectively, of restricted cash held for purposes of settling reclamation and remediation obligations. The amount at December 31, 2024 related to Akyem.
Included in Other non-current assets at September 30, 2025 and December 31, 2024 are $31 and $29, respectively, of non-current restricted cash held for purposes of settling reclamation and remediation obligations primarily related to Ahafo and San Jose Reservoir at Yanacocha.
Included in Other non-current assets at September 30, 2025 and December 31, 2024 are $14 and $15, respectively, of non-current restricted investments, which are legally pledged for purposes of settling reclamation and remediation obligations primarily related to San Jose Reservoir at Yanacocha.
Refer to Note 18 for further discussion of reclamation and remediation matters.
v3.25.3
OTHER EXPENSE, NET
 9 Months Ended
Sep. 30, 2025
Operating Costs and Expenses [Abstract]  
OTHER EXPENSE, NET OTHER EXPENSE, NET
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Restructuring and severance$87 $5 $111 $20 
Impairment charges (1)
39 18 63 39 
Newcrest transaction and integration costs (2)
2 17 (4)62 
Settlement costs(2)7 1 33 
Other13 8 59 33 
Other expense, net$139 $55 $230 $187 
____________________________
(1)In the third quarter of 2025, the Company recognized a non-cash impairment charge of $28 related to the full write-down of its interest in the Namosi exploration stage property in Fiji.
(2)In 2025, includes a gain recognized on the reduction of the stamp duty tax liability incurred as a result of the Newcrest transaction.
Restructuring and severance. Beginning in the third quarter of 2025, management committed to a strategic plan designed to reduce operating costs and continue to advance the Company’s ongoing commitment to profitability, which included streamlining its organizational structure and a reduction of the Company’s workforce and office space in certain markets.
During the three and nine months ended September 30, 2025, restructuring and severance primarily consists of expenditures for severance accruals correlated to workforce reductions and related consulting charges. The Company expects the majority of the cash expenditures related to the plan to be made over the next two quarters. Estimates are based on a number of assumptions, including compliance with local legal requirements across jurisdictions. Actual costs and timing may vary from current estimates as the Company continues to assess the full scope of the impact arising from, or related to, the workforce reduction and operating model changes.
v3.25.3
OTHER INCOME (LOSS), NET
 9 Months Ended
Sep. 30, 2025
Other Income, Nonoperating [Abstract]  
OTHER INCOME (LOSS), NET OTHER INCOME (LOSS), NET
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Interest income$56 $37 $151 $114 
Foreign currency exchange, net(41)(29)(120)(26)
Gain (loss) on debt extinguishment (Note 15)
(72)15 (100)29 
Gain (loss) on asset and investment sales(6)(28)(13)36 
Other8 5 1 46 
Other income (loss), net$(55)$— $(81)$199 
v3.25.3
INCOME AND MINING TAXES
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME AND MINING TAXES INCOME AND MINING TAXES
A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate follows:
Three Months Ended September 30, (1)
Nine Months Ended September 30, (1)
2025202420252024
Income (loss) before income and mining tax and other items$2,507 $1,059 $8,096 $2,523 
U.S. Federal statutory tax rate21 %526 21 %222 21 %1,700 21 %530 
Reconciling items:
Percentage depletion(1)(20)(1)(12)(1)(76)(2)(49)
Change in valuation allowance on deferred tax assets(1)(22)(3)(37)(1)(73)(3)(82)
Foreign rate differential8 200 7 72 7 567 9 219 
Effect of foreign earnings, net of credits— 4 1 9 — 6 1 30 
Mining and other taxes (net of associated federal benefit)3 87 5 55 3 221 6 150 
Uncertain tax position reserve adjustment— 4 (1)(6)— (2)(2)(58)
Tax impact of foreign exchange (3)(72)2 25 (1)(69)(1)(33)
Akyem recognition of DTL for assets held for sale— — (4)(37)— — 1 44 
Tax impact of divestitures (2)
3 74 — — 2 196 — — 
Other1 6 (4)(47)1 56 (2)(56)
Income and mining tax expense (benefit)31 %$787 23 %$244 31 %$2,526 28 %$695 
____________________________
(1)Tax rates may not recalculate due to rounding.
(2)Refer to Note 3 for information on the Company's divestitures.
v3.25.3
FAIR VALUE ACCOUNTING
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE ACCOUNTING FAIR VALUE ACCOUNTING
The following tables set forth the Company’s assets and liabilities measured at fair value on a recurring (at least annually) or nonrecurring basis by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Refer to Note 13 to the Consolidated Financial Statements included in Part II, Item 8, of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 21, 2025, for further information on the Company's assets and liabilities included in the fair value hierarchy presented below.
Fair Value at September 30, 2025
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$5,639 $5,639 $— $— 
Restricted cash33 33 — — 
Trade receivables from provisional concentrate sales1,044 — 1,044 — 
Assets held for sale (2)
166 — 166 — 
Marketable equity and other securities (Note 12) (3)
429 429 — — 
Restricted marketable debt and other securities (Note 12)
14 14 — — 
Derivative assets (Note 11)
415 — 51 364 
$7,740 $6,115 $1,261 $364 
Liabilities:
Debt (4)
$5,389 $— $5,389 $— 
Derivative liabilities (Note 11)
15 — 10 5 
Other liabilities (5)
198 — 198 — 
$5,602 $— $5,597 $5 
Fair Value at December 31, 2024
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$3,619 $3,619 $— $— 
Restricted cash31 31 — — 
Trade receivables from provisional concentrate sales993 — 993 — 
Assets held for sale (2)
1,840 — 1,168 672 
Equity method investments (Note 12) (3)
212 212 — — 
Marketable equity and other securities (Note 12)
305 305 — — 
Restricted marketable debt securities (Note 12)
15 15 — — 
Derivative assets (Note 11)
142 — — 142 
$7,157 $4,182 $2,161 $814 
Liabilities:
Debt (4)
$8,400 $— $8,400 $— 
Derivative liabilities (Note 11)
143 — 137 6 
Other liabilities (5)
51 — 51 — 
$8,594 $— $8,588 $6 
____________________________
(1)Cash and cash equivalents includes short-term deposits that have an original maturity of three months or less.
(2)Assets held for sale at September 30, 2025 and December 31, 2024 includes assets held for sale that were adjusted to their fair value, excluding costs to sell, of $166 and $1,840, respectively. The aggregate fair value, excluding costs to sell, of net assets held for sale subject to fair value remeasurement at September 30, 2025 and December 31, 2024 was $162 and $679, respectively.
(3)The Company's equity investment in Greatland Gold plc ("Greatland"), acquired through the sale of Telfer in the fourth quarter of 2024, is included in marketable equity and other securities at September 30, 2025 and in equity method investments under the fair value option at December 31, 2024. Refer to Note 12 for further information.
(4)Debt is recognized at amortized cost of $5,180 and $8,476 at September 30, 2025 and December 31, 2024, respectively. Refer to Note 15 for further information. The fair value measurement of debt presented above was based on an independent third-party pricing source.
(5)Consists of an option acquired through the sale of Telfer in the fourth quarter of 2024, for which the Company elected the fair value option. Refer to Note 12 for further information.
The following tables set forth a summary of the quantitative and qualitative information related to the significant observable and unobservable inputs used in the calculation of the Company’s Level 3 financial assets and liabilities at September 30, 2025 and December 31, 2024:
Description
At September 30, 2025
Valuation TechniqueSignificant InputRange, Point Estimate or AverageWeighted Average Discount Rate
Derivative assets:
Hedging instruments (1)
$151 Income approachForward power prices
A$33 - A$556
6.34%
Contingent consideration assets$213 Income approachDiscount rate
6.36% - 16.38%
6.77%
Derivative liabilities$5 Income approachDiscount rate
5.22% - 5.95%
5.66%
DescriptionAt December 31,
2024		Valuation TechniqueSignificant InputRange, Point Estimate or Average
Weighted Average Discount Rate
Assets held for sale$672 Income approach
Various (2)
Various (2)
Various (2)
Derivative assets:
Hedging instruments (1)
$94 Income approachForward power prices
A$43 - A$321
6.75%
Contingent consideration assets$47 Income approachDiscount rate
6.37% - 16.38%
10.67%
Derivative liabilities (1)
$5 Income approachDiscount rate
5.22% - 5.95%
5.66%
____________________________
(1)At September 30, 2025, the current and non-current portion of the Cadia Power Purchase Agreement ("Cadia PPA") of $7 and $144, respectively, are in an asset position. At December 31, 2024, the current portion of the Cadia PPA of $1 is in a liability position and the non-current portion of $95 is in an asset position. Amounts in an asset position are included in Derivative assets within the fair value hierarchy table and amounts in a liability position are included in Derivative liabilities within the fair value hierarchy table.
(2)Refer to Note 3 for information on the assumptions and inputs specific to the non-recurring fair value measurement performed relating to assets held for sale.
The following tables set forth a summary of changes in the fair value of the Company’s recurring Level 3 financial assets and liabilities:
Derivative
Assets		Total AssetsDerivative
Liabilities		Total Liabilities
Fair value at December 31, 2024$142 $142 $6 $6 
Acquired through divestments (1)
168 168 — — 
Fair value changes in Other comprehensive income (loss)
56 56 (1)(1)
Fair value changes in Other income (loss), net
(2)(2)— — 
Fair value at September 30, 2025$364 $364 $5 $5 
Derivative
Assets		Total AssetsDerivative
Liabilities		Total Liabilities
Fair value at December 31, 2023$635 $635 $5 $5 
Sales and settlements (2)
(377)(377)— — 
Transfers out of Level 3 (3)
(76)(76)— — 
Fair value changes in Other comprehensive income (loss)
(43)(43)3 3 
Fair value changes in Other income (loss), net
3 3 — — 
Fair value changes in Net income (loss) from discontinued operations
11 11 — — 
Fair value at September 30, 2024$153 $153 $8 $8 
____________________________
(1)The Company acquired contingent consideration assets as part of the divestitures that occurred in 2025. Refer to Note 3 for further information.
(2)In the second quarter of 2024, the Company sold the Stream Credit Facility Agreement which was a non-revolving credit facility for the Fruta del Norte mine operated by Lundin Gold Inc. (“Lundin Gold”), in which the Company holds a 32% interest. In the third quarter of 2024, the company sold the Batu and Elang Contingent consideration assets.
(3)In the first quarter of 2024, certain amounts relating to the Batu Hijau contingent consideration asset were reclassified from a derivative to a receivable as a result of achieving certain contractual milestones.
v3.25.3
DERIVATIVE INSTRUMENTS
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE INSTRUMENTS DERIVATIVE INSTRUMENTS
At September 30,
2025		At December 31,
2024
Current derivative assets: (1)
Hedging instruments$46 $— 
Contingent consideration assets (2)
13 — 
$59 $— 
Non-current derivative assets: (3)
Contingent consideration assets (2)
$200 $47 
Hedging instruments
156 95 
$356 $142 
Current derivative liabilities: (4)
Hedging instruments$7 $136 
Contingent consideration liabilities2 2 
$9 $138 
Non-current derivative liabilities: (5)
Contingent consideration liabilities$5 $5 
Hedging instruments1 — 
$6 $5 
____________________________
(1)Included in Other current assets.
(2)At September 30, 2025, includes contingent consideration assets acquired through the sales of certain reportable segments. Refer to Note 3 for further information.
(3)Included in Derivative assets.
(4)Included in Other current liabilities.
(5)Included in Other non-current liabilities.
Hedging Instruments
Hedging instruments consist of foreign currency cash flow hedges and the Cadia PPA.
Foreign Currency Cash Flow Hedges
The Company has implemented various hedge programs in which fixed forward contracts have been entered into to mitigate variability in the USD-functional cash flows associated with specific expenditures. These fixed forward contracts have been designated as foreign currency cash flow hedges for the related forecasted expenditures and were transacted for risk management purposes. Refer to the table below for a summary of these programs at September 30, 2025:
AUD-denominated capital expendituresAUD-denominated operating expendituresCAD-denominated operating expenditures
AUD-denominated capital expenditures
Status:
ActiveActiveActive
Matured (1)
Amount entered into: (2)
A$1,611A$3,825C$1,057A$574
Cash flow type:
Capital expenditures for construction and development
Operating expenditures
Operating expendituresCapital expenditures for construction and development
Incurred in the periods of:
October 2024 through December 2026
October 2024 through December 2026
October 2024 through December 2026
2023 through 2024
Related to:
Tanami Expansion 2 project; Cadia PC1-2 and PC2-3 ("Cadia Panel Caves"); and Cadia Tailings Project ("Cadia Tails")
Boddington, Tanami, and Cadia operating mines located in Australia
Brucejack and Red Chris operating mines located in Canada
Tanami Expansion 2 project
____________________________
(1)The hedge program matured in 2024 and a gain of $7 remains in Accumulated other comprehensive income (loss) as of September 30, 2025.
(2)In October 2025, the Company entered into an additional A$—, A$177, and C$32 relating to the active programs, respectively.
To minimize credit risk, the Company only enters into transactions with counterparties that meet certain credit requirements and periodically reviews the creditworthiness of these counterparties. The Company believes that the risk of counterparty default is low and its exposure to credit risk is minimal.
The unrealized changes in fair value have been recorded in Accumulated other comprehensive income (loss) and are reclassified to earnings during the period in which the hedged transaction affects earnings and is presented in the same income statement line item as the earnings effect of the hedged item. If the underlying hedge transaction becomes probable of not occurring, the related amounts will be reclassified to earnings immediately. For the foreign currency cash flow hedges related to capital expenditures, amounts recorded in Accumulated other comprehensive income (loss) are reclassified to earnings through Depreciation and amortization after the respective project reaches commercial production. For the foreign currency cash flow hedges related to operating expenditures, amounts recorded in Accumulated other comprehensive income (loss) are reclassified to earnings through Costs applicable to sales in the month that the operating expenditures are incurred.
Cadia PPA
The Cadia PPA is a 15-year renewable power purchase agreement acquired by the Company through the Newcrest transaction. The Company has designated the Cadia PPA as a cash flow hedge to mitigate the variability in cash flows related to approximately 40 percent of forecasted purchases of power at the Cadia mine for a 15-year period beginning in July 2024. Additionally, the Cadia PPA will provide the Company with access to large scale generation certificates which the Company intends to surrender to support achieving its greenhouse gas emission reduction targets.
To minimize credit risk, the Company only enters into transactions with counterparties that meet certain credit requirements and periodically reviews the creditworthiness of these counterparties. The Company believes that the risk of counterparty default is low and its exposure to credit risk is minimal.
The unrealized changes in fair value have been recorded in Accumulated other comprehensive income (loss) and will be reclassified to earnings during the period in which the hedged transaction affects earnings and is presented in the same income statement line item as the earnings effect of the hedged item. If the underlying hedge transaction becomes probable of not occurring, the related amounts in Accumulated other comprehensive income (loss) will be reclassified to earnings immediately. For the Cadia PPA cash flow hedge, amounts recorded in Accumulated other comprehensive income (loss) will be reclassified to earnings through Costs applicable to sales the period in which the related hedged electricity is purchased, which began in July 2024.
The following table provides the fair value of the Company’s derivative instruments designated as cash flow hedges:
At September 30,
2025		At December 31,
2024
Hedging instrument assets:
Foreign currency cash flow hedges, current (1)
$39 $— 
Cadia PPA cash flow hedge, current (1)
7 — 
Cadia PPA cash flow hedge, non-current (2)
144 95 
Foreign currency cash flow hedges, non-current (2)
12 — 
$202 $95 
Hedging instrument liabilities:
Foreign currency cash flow hedges, current (3)
$7 $135 
Cadia PPA cash flow hedge, current (3)
— 1 
Foreign currency cash flow hedges, non-current (4)
1 — 
$8 $136 
____________________________
(1)Included in Other current assets.
(2)Included in Derivative assets.
(3)Included in Other current liabilities.
(4)Included in Other non-current liabilities.
The following table provides the losses (gains) recognized in earnings related to the Company's derivative instruments:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Loss (gain) on cash flow hedges:
Interest rate contracts (1)
$53 $2 $56 $10 
Foreign currency cash flow hedges (2)
3 — 27 — 
Cadia PPA cash flow hedge (3)
2 3 5 3 
$58 $5 $88 $13 
____________________________
(1)As of September 30, 2025, amounts remaining in Accumulated other comprehensive income (loss) fully relate to the interest rate contracts on the 2042 Senior Notes with the related losses to be reclassified from Accumulated other comprehensive income (loss) and amortized to Interest expense, net of capitalized interest over the term of the notes. A loss of $3 is expected to be reclassified into earnings over the next 12 months. The actual amounts that will be reclassified to earnings could vary upon repurchase or exchange of the related long-term debt prior to maturity.
(2)As of September 30, 2025, a gain of $25 is expected to be reclassified out of Accumulated other comprehensive income (loss) into earnings over the next 12 months. The actual amounts that will be reclassified to earnings will vary due to future foreign currency exchange rates.
(3)As of September 30, 2025, a loss of $10 is expected to be reclassified out of Accumulated other comprehensive income (loss) into earnings over the next 12 months, which includes amounts related to the initial fair value that are reclassified from Accumulated other comprehensive income (loss) to earnings on a systematic basis over the 15-year term. The actual amounts that will be reclassified to earnings will vary due to future power prices and power generation volumes.
v3.25.3
INVESTMENTS
 9 Months Ended
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
INVESTMENTS INVESTMENTS
At September 30,
2025		At December 31,
2024
Current investments:
Marketable equity and other securities (1)
$328 $21 
Non-current investments:
Marketable equity and other securities (2)(3)
$126 $309 
Equity method investments: 
Pueblo Viejo Mine (40%)
1,550 1,516 
NuevaUnión Project (50%)
967 961 
Lundin Gold (32%)
912 941 
Norte Abierto Project (50%)
548 532 
Greatland (20% at December 31, 2024) (1)
— 212 
3,977 4,162 
$4,103 $4,471 
Non-current restricted investments: (4)
Marketable debt and other securities$14 $15 
____________________________
(1)The Company's investment in Greatland, acquired through the sale of Telfer in the fourth quarter of 2024, is included in equity method investments under the fair value option at December 31, 2024 and in current marketable equity and other equity securities at September 30, 2025 as it no longer qualifies as an equity method investment with an ownership of 10% and loss of significance influence. Refer below for further information.
(2)In the third quarter of 2025, the Company sold its investment in Orla for net proceeds of $428.
(3)At September 30, 2025 and December 31, 2024, includes $25 accounted for under the measurement alternative.
(4)Non-current restricted investments are legally pledged for purposes of settling reclamation and remediation obligations and are included in Other non-current assets. Refer to Note 6 for further information regarding these amounts.
Equity Method Investments
The following table provides the income (loss) from the Company's equity method investments, recognized in Equity income (loss) of affiliates:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Pueblo Viejo (40%)
$73 $33 $132 $47 
Lundin Gold (32%)
51 24 115 16 
Other(1)3 3 1 
$123 $60 $250 $64 
Pueblo Viejo
As of September 30, 2025 and December 31, 2024, the Company had outstanding stockholder loans to Pueblo Viejo of $508 and $486, with accrued interest of $50 and $19, respectively, included in the Pueblo Viejo equity method investment.
The Company purchases its portion (40%) of gold and silver produced from Pueblo Viejo at market price and resells those ounces to third parties. Total payments made to Pueblo Viejo for gold and silver purchased were $259 and $626 for the three and nine months ended September 30, 2025, respectively, and $163 and $411 for the three and nine months ended September 30, 2024, respectively. These purchases, net of subsequent sales, are included in Other income (loss), net and the net amount is immaterial. There were no amounts due to or from Pueblo Viejo for gold and silver purchases as of September 30, 2025 or December 31, 2024.
Lundin Gold
Lundin Gold is accounted for on a quarterly lag. At September 30, 2025, the calculated fair value, based on quoted closing prices of publicly traded shares, of the Company's investment in Lundin Gold was $4,994.
The Company had the right to purchase 50% of gold produced from Lundin Gold at a price determined based on delivery dates and a defined quotational period and resold the ounces purchased to third parties under an offtake agreement acquired through the Newcrest transaction (the "Offtake agreement"). In the second quarter of 2024, the Company sold the Offtake agreement to Lundin Gold resulting in settlement of the rights under the Offtake agreement. As a result, no purchases were incurred in 2025.
Total payments made to Lundin Gold under the Offtake agreement for gold purchased was $189 for the nine months ended September 30, 2024. These payments were recognized net of subsequent sales in Other income (loss), net with the net amount being immaterial. There was no payable due to Lundin Gold for gold purchases as of December 31, 2024.
Greatland
The Company acquired a 20% interest in Greatland, resulting in 2.7 billion shares, in connection with the sale of Telfer in December 2024. The Company accounted for its investment in Greatland as an equity method investment, included in Investments, for which the Company elected the fair value option as it believed it best reflected the economics of the underlying transaction. The shares are subject to a sale restriction period of one-year following the date of close, under which certain events would allow for the Company to sell its shares.
In the second quarter of 2025, Greatland completed a corporate reorganization in which Greatland Resources Limited ("GRL") became the new holding company for Greatland and involved the cancellation of Greatland’s shares and the issuance of new shares under GRL. Concurrently, a share consolidation occurred with Greatland shareholders receiving one ordinary share in GRL for every twenty Greatland shares held. As a result, the Company’s 2.7 billion Greatland shares were converted into 134 million GRL shares. In the second quarter of 2025, the Company sold 67 million shares for $274, reducing its ownership to 10%, resulting in a gain of $68 recognized in Change in fair value of investments and options for the nine months ended September 30, 2025. The remaining 67 million shares held are accounted for as marketable equity securities and are included in current Investments with a fair value of $319 at September 30, 2025.
The equity held in GRL contains an option in which a third party has the ability to acquire 67 million shares of the Company's GRL shares at a set price exercisable for four years (the "Greatland Option"). The Greatland Option does not meet the definition of a derivative and is considered to be a financial liability, for which the Company has elected the fair value option. The Company believes the fair value option best reflects the economics of the underlying transaction. At September 30, 2025 and December 31, 2024, the Greatland Option is included in Other current liabilities and Other non-current liabilities, respectively, at a fair value of $198 and $51, respectively.
Changes in the fair value of the equity interest held in GRL and the Greatland Option are recognized through earnings each reporting period in Change in fair value of investments and options. For the three and nine months ended September 30, 2025, a gain
of $16 and $381 was recognized related to the equity interest held in GRL, respectively, of which $68 related to the sale in the second quarter of 2025. For the three and nine months ended September 30, 2025, a loss of $8 and $147 was recognized related to the Greatland Option, respectively.
v3.25.3
INVENTORIES
 9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
At September 30,
2025		At December 31,
2024
Materials and supplies$1,074 $1,081 
In-process150 118 
Concentrate189 148 
Precious metals91 76 
Inventories (1)
$1,504 $1,423 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Inventories of $185, were reclassified to Assets held for sale at December 31, 2024; no amounts related to Inventories were reclassified to Assets held for sale at September 30, 2025. Refer to Note 3 for additional information.
STOCKPILES AND ORE ON LEACH PADS
At September 30, 2025 (1)
At December 31, 2024 (1)
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$682 $262 $944 $624 $137 $761 
Non-current2,370 151 2,521 2,072 194 2,266 
Total$3,052 $413 $3,465 $2,696 $331 $3,027 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Stockpiles and ore on leach pads of $374, were reclassified to Assets held for sale at December 31, 2024; no amounts related to Stockpiles and ore on leach pads were reclassified to Assets held for sale at September 30, 2025. Refer to Note 3 for additional information.
v3.25.3
STOCKPILES AND ORE ON LEACH PADS
 9 Months Ended
Sep. 30, 2025
STOCKPILES AND ORE ON LEACH PADS  
STOCKPILES AND ORE ON LEACH PADS INVENTORIES
At September 30,
2025		At December 31,
2024
Materials and supplies$1,074 $1,081 
In-process150 118 
Concentrate189 148 
Precious metals91 76 
Inventories (1)
$1,504 $1,423 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Inventories of $185, were reclassified to Assets held for sale at December 31, 2024; no amounts related to Inventories were reclassified to Assets held for sale at September 30, 2025. Refer to Note 3 for additional information.
STOCKPILES AND ORE ON LEACH PADS
At September 30, 2025 (1)
At December 31, 2024 (1)
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$682 $262 $944 $624 $137 $761 
Non-current2,370 151 2,521 2,072 194 2,266 
Total$3,052 $413 $3,465 $2,696 $331 $3,027 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Stockpiles and ore on leach pads of $374, were reclassified to Assets held for sale at December 31, 2024; no amounts related to Stockpiles and ore on leach pads were reclassified to Assets held for sale at September 30, 2025. Refer to Note 3 for additional information.
v3.25.3
DEBT
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
DEBT DEBT
Scheduled minimum debt repayments are as follows:
At September 30,
2025
Year Ending December 31,
2025 (for the remainder of 2025)
$— 
2026— 
2027— 
2028— 
2029269 
Thereafter5,146 
Total face value of debt outstanding5,415 
Unamortized premiums, discounts, and issuance costs(235)
Debt$5,180 
Debt Extinguishment
In the first quarter of 2025, the Company fully redeemed all of the outstanding 2026 Senior Notes for a redemption price of $957, which consisted of principal of $928, accrued and unpaid interest of $19, and a make-whole provision of $10. As a result, a loss on extinguishment of $13 was recognized in Other income (loss), net for the nine months ended September 30, 2025.
In the first and second quarters of 2025, the Company partially redeemed certain other senior notes through open market repurchases, resulting in a loss on extinguishment of $15 for the nine months ended September 30, 2025 recognized in Other income (loss), net.
Additionally in the third quarter of 2025, the Company completed a debt tender offer in which certain senior notes were partially redeemed for a total redemption price of $2,003, which consisted of principal of $1,974 and accrued and unpaid interest of $29. As a result, a loss on extinguishment of $72 was recognized in Other income (loss), net for the three and nine months ended September 30, 2025. Included in the loss on extinguishment is the acceleration of $53 loss from Accumulated other comprehensive
income (loss) related to previously terminated interest rate cash flow hedges.
The following table summarizes the redemptions:
Nine Months Ended
September 30, 2025
Settled Notional Amount
Total Repurchase Amount (1)
$1,000 5.30% Senior Notes due March 2026
$928 $957 
$700 2.80% Senior Notes due October 2029
369 355 
$650 3.25% Senior Notes due May 2030
177 170 
$1,000 2.25% Senior Notes due October 2030
623 575 
$1,000 2.60% Senior Notes due July 2032
32 27 
$600 5.875% Senior Notes due April 2035
83 87 
$1,100 6.250% Senior Notes due October 2039
595 666 
$500 5.750% Senior Notes due November 2041
182 192 
$1,000 4.875% Senior Notes due March 2042
387 379 
$3,376 $3,408 
____________________________
(1)Includes $51 of accrued interest and excludes $3 in third party fees.
v3.25.3
OTHER LIABILITIES
 9 Months Ended
Sep. 30, 2025
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES OTHER LIABILITIES
At September 30,
2025		At December 31,
2024
Other current liabilities:
Reclamation and remediation liabilities$927 $991 
Accrued operating costs (1)
427 468 
Accrued capital expenditures235 208 
Greatland Option (2)
198 — 
Accrued royalties188 165 
Payables to NGM (3)
110 115 
Accrued interest72 97 
Hedging instruments (Note 11)
7 136 
Other (4)
336 301 
$2,500 $2,481 
Other non-current liabilities:
Income and mining taxes (5)
$155 $125 
Indemnification liabilities (6)
56 17 
Other (2)(7)
128 146 
$339 $288 
____________________________
(1)In the first quarter of 2025, the Company paid $116 to the Worsley JV related to the waiver of certain rights within the cross-operation agreement that confers priority to the bauxite operations at the Boddington mine. This payment is included in other investing activities in the Condensed Consolidated Statement of Cash Flows.
(2)The Greatland Option was acquired through the sale of Telfer in the fourth quarter of 2024 and accounted for under the fair value option. The option was included in Other non-current liabilities at December 31, 2024 for $51. Refer to Note 12 for further information.
(3)Primarily consists of amounts due to NGM representing Barrick Mining Corporation's (“Barrick”) 61.5% proportionate share of the amount owed to NGM for gold and silver purchased by Newmont. Newmont’s 38.5% share of such amounts is eliminated upon proportionate consolidation of its interest in NGM. Receivables for Newmont's 38.5% proportionate share related to NGM's activities with Barrick are included in Other current assets.
(4)Primarily consists of the current portion of the silver streaming agreement liability.
(5)Primarily consists of unrecognized tax benefits, including penalties and interest.
(6)Primarily consists of the indemnification recognized related to the sale of CC&V. Refer to Note 3 for further information.
(7)Primarily consists of the non-current portion of operating lease liabilities.
v3.25.3
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​
 9 Months Ended
Sep. 30, 2025
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​ ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized Gain (Loss) on Hedge InstrumentsOther AdjustmentsTotal
Balance at December 31, 2024$(193)$98 $(95)
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications125 (10)115 
(Gain) loss reclassified from accumulated other comprehensive income (loss)
88 1 89 
Other comprehensive income (loss)213 (9)204 
Balance at September 30, 2025$20 $89 $109 
v3.25.3
COMMITMENTS AND CONTINGENCIES
 9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
General
Estimated losses from contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable that a liability could be incurred, and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the contingency and estimated range of loss, if determinable, is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.
Operating Segments
The Company’s operating and reportable segments are identified in Note 4. Except as noted in this paragraph, all of the Company’s commitments and contingencies specifically described herein are included in the non-operating segment Corporate and Other. The Yanacocha matters relate to the Yanacocha reportable segment. The Cadia matter relates to the Cadia reportable segment. The Newmont Ghana Gold and Newmont Golden Ridge matters relate to the Ahafo reportable segment and Akyem, which was divested in the second quarter of 2025, respectively. The CC&V matter relates to CC&V, which was divested in the first quarter of 2025.
Environmental Matters
Refer to Note 6 for further information regarding reclamation and remediation. Details about certain significant matters are discussed below.
Minera Yanacocha S.R.L. - 100% Newmont Owned
In early 2015 and again in June 2017, the Peruvian government agency responsible for certain environmental regulations, MINAM, issued proposed modifications to water quality criteria for designated beneficial uses which apply to mining companies, including Yanacocha. These criteria modified the in-stream water quality criteria pursuant to which Yanacocha has been designing water treatment processes and infrastructure. In December 2015, MINAM issued the final regulation that modified the water quality standards. These Peruvian regulations allow time to formulate a compliance plan and make any necessary changes to achieve compliance.
In February 2017, Yanacocha submitted a modification to its previously approved compliance achievement plan to the MINEM. In May 2022, Yanacocha submitted a proposed modification to this plan requesting an extension of time for coming into full compliance with the new regulations to 2027. In June 2023, Yanacocha received approval of its updated compliance plan from MINEM and was granted an extension to June 2026 to achieve compliance. The Company appealed this approval to the Mining Council requesting the regulatory extension until 2027, and in April 2024, MINEM approved the compliance schedule.
The Company currently operates five water treatment plants at Yanacocha that have been and currently meet all currently applicable water discharge requirements. The Company’s current asset retirement obligation includes the construction of two new water treatment plants expected to be in operation during 2027 and post-closure management.
The Company is conducting detailed studies to better estimate water management and other closure activities that will ensure water quality and quantity discharge requirements, including the modifications promulgated by MINAM, as referenced above, will be met. This also includes performing a comprehensive update to the Yanacocha reclamation plan to address changes in closure activities and estimated closure costs while preserving optionality for potential future projects at Yanacocha. These ongoing studies, which will extend beyond the current year, continue to evaluate and revise assumptions and estimated costs of changes to the reclamation plan. The ultimate water treatment costs remain uncertain as studies and opportunity assessments continue. These and other additional risks and contingencies that are the subject of ongoing studies, including, but not limited to, a comprehensive review of the Company's tailings storage facility management, review of Yanacocha’s water balance and water management system, and review of post-closure management costs, could result in future material increases to the reclamation obligation at Yanacocha.
Cripple Creek & Victor Gold Mining Company LLC - 100% Newmont owned through February 28, 2025
In December 2021, Cripple Creek & Victor Gold Mining Company LLC (“CC&V”) entered into a Settlement Agreement (“Settlement Agreement”) with the Water Quality Control Division of the Colorado Department of Public Health and Environment (the “Division”) with a mutual objective of resolving issues associated with the new discharge permits issued by the Division in January 2021 for the Carlton Tunnel. The Carlton Tunnel was a historic tunnel completed in 1941 with the purpose of draining the southern portion of the mining district, subsequently consolidated by CC&V. CC&V has held discharge permits for the Carlton Tunnel since 1983, primarily to focus on monitoring, with the monitoring data accumulated since the mid-1970s indicating consistency in the water quality discharged from the Carlton Tunnel over time. In 2006, legal proceedings and work with the regulator confirmed that the water flowing out of the Carlton Tunnel portal is akin to natural spring water and did not constitute mine drainage. However, when the Division issued new discharge permits in January 2021, the Division imposed new water quality limits. The Settlement Agreement involves the evaluation of a reasonable and achievable timeline for treatment and permit compliance, acknowledging the lack of readily available technology, and the need to spend three years to study and select the technological solution, with three additional years to construct, bringing full permit compliance to the November 2027 timeframe. In 2022, the Company studied various interim passive water treatment options, reported the study results to the Division, and based on an evaluation of additional semi-passive options that involve the usage of power at the portal, updated the remediation liability to $20 in 2022. CC&V continues to study alternative long-term remediation plans for water discharged from the Carlton Tunnel, while also continuing to work with regulators to identify and implement the highest feasible alternative treatments, including the site specific standards and a Discharger Specific Variance ("DSV"). CC&V formally submitted a proposal for the site specific standards and DSV to the Water Quality Control Commission in a June 2025 rulemaking hearing. As a result of the hearing, the Commission agreed to site specific standards for CC&V for certain water quality standards, and CC&V will continue to work with Division on a proposal for the DSV and an extension request for compliance with certain other standards. Depending on the plans that may ultimately be agreed with the Division, a material adjustment to the remediation liability may be required.
On February 28, 2025, the Company completed the sale of the CC&V reportable segment to SSR. Under the terms of the agreement with SSR, Newmont expects to receive deferred cash contingent consideration upon certain regulatory approvals, one of which being resolution of regulatory applications relating to the Carlton Tunnel. In addition, upon completion of an updated regulator-approved closure plan and in the event aggregate closure costs at CC&V exceed $500, Newmont will be responsible for funding 90% of the incremental closure costs exceeding $500 in such updated closure plan, either on an as-incurred basis or pursuant to a net present value lump sum payment option.
Dawn Mining Company LLC (“Dawn”) - 58.19% Newmont Owned
Midnite mine site and Dawn mill site. Dawn previously leased an open pit uranium mine, currently inactive, on the Spokane Indian Reservation in the State of Washington. The mine site is subject to regulation by agencies of the U.S. Department of Interior (the Bureau of Indian Affairs and the Bureau of Land Management), as well as the EPA.
As per the Consent Decree approved by the U.S. District Court for the Eastern District of Washington on January 17, 2012, the following actions were required of Newmont, Dawn, the Department of the Interior and the EPA: (i) Newmont and Dawn would design, construct and implement the cleanup plan selected by the EPA in 2006 for the Midnite mine site; (ii) Newmont and Dawn would reimburse the EPA for its past costs associated with overseeing the work; (iii) the Department of the Interior would contribute a lump sum amount toward past EPA costs and future costs related to the cleanup of the Midnite mine site; (iv) Newmont and Dawn would be responsible for all future EPA oversight costs and Midnite mine site cleanup costs; and (v) Newmont would post a surety bond for work at the site.
During 2012, the Department of Interior contributed its share of past EPA costs and future costs related to the cleanup of the Midnite mine site. In 2016, Newmont completed the remedial design process, with the exception of the new WTP design which was awaiting the approval of the new NPDES permit. Subsequently, the new NPDES permit was received in 2017 and the WTP design commenced in 2018. The EPA approved the WTP design in 2021. Construction of the effluent pipeline began in 2021, and construction of the new WTP began in 2022. The WTP and effluent pipeline are expected to be operating in 2026.
The Dawn mill site is regulated by the Washington Department of Health (the "WDOH") and is in the process of being closed in accordance with the federal Uranium Mill Tailings Radiation Control Act, and associated Washington state regulations. Remediation at the Dawn mill site began in 2013. The Tailing Disposal Area 1-4 reclamation earthworks component was completed during 2017 with the embankment erosion protection completed in the second quarter of 2018. The remaining closure activities consist primarily of finalizing an Alternative Concentration Limit application (the "ACL application") submitted in 2020 to the WDOH to address groundwater issues, and also evaporating the remaining balance of process water at the site. In the fourth quarter of 2022, the WDOH provided comments on the ACL application, which Newmont is evaluating and conducting studies to better understand and respond to the comments provided by the WDOH. These studies and the related comment process will extend beyond the current year and could result in future material increases to the remediation obligation.
The remediation liability for the Midnite mine site and Dawn mill site is $149, assumed 100% by Newmont, at September 30, 2025.
Cadia Holdings Pty Ltd. - 100% Newmont Owned
Cadia mine site. Cadia Holdings Pty Ltd. (“Cadia Holdings”) is a wholly owned subsidiary of Newcrest, which was acquired by Newmont in November 2023. The mine site is subject to regulations by the New South Wales Environment Protection Authority (the “NSW EPA”). In October 2023, the NSW EPA commenced proceedings in the NSW Land and Environment Court against Cadia Holdings, alleging two contraventions related to alleged air pollution from tailings storage facilities on October 13 and 31, 2022. In 2024, Cadia Holdings entered a plea of not guilty to the charges related to the allegations. These proceedings are listed for a liability hearing from February 16, 2026 to February 27, 2026.
Other Legal Matters
Newmont Corporation, as well as Newmont Canada Corporation, and Newmont Canada FN Holdings ULC – 100% Newmont Owned
Kirkland Lake Gold Inc., which was acquired by Agnico Eagle Mines Limited in 2022 (still referred to herein as “Kirkland” for ease of reference), owns certain mining and mineral rights in northeastern Ontario, Canada, referred to here as the Holt-McDermott property, on which it suspended operations in April 2020. A subsidiary of the Company has a retained royalty obligation (“Holt royalty obligation”) to Royal Gold, Inc. (“Royal Gold”) for production on the Holt-McDermott property. In August 2020, the Company and Kirkland signed a Strategic Alliance Agreement (the “Kirkland Agreement”). As part of the Kirkland Agreement, the Company purchased an option (the “Holt option”) for $75 from Kirkland for the mining and mineral rights subject to the Holt royalty obligation. The Company has the right to exercise the Holt option and acquire ownership to the mineral interests subject to the Holt royalty obligation in the event Kirkland intends to resume operations and process material subject to the obligation. Kirkland has the right to assume the Company’s Holt royalty obligation at any time, in which case the Holt option would terminate.
On August 16, 2021, International Royalty Corporation (“IRC”), a wholly-owned subsidiary of Royal Gold, filed an action in the Supreme Court of Nova Scotia against Newmont Corporation, Newmont Canada Corporation, Newmont Canada FN Holdings ULC (collectively "Newmont"), and certain Kirkland defendants (collectively "Kirkland"). IRC alleges the Kirkland Agreement is oppressive to the interests of Royal Gold under the Nova Scotia Companies Act and the Canada Business Corporations Act, and that, by entering into the Kirkland Agreement, Newmont breached its contractual obligations to Royal Gold. IRC seeks declaratory relief, and $350 in alleged royalty payments that it claims Newmont expected to pay under the Holt royalty obligation, but for the Kirkland Agreement. Kirkland filed a motion seeking dismissal of the case against it, which the court granted in October 2022. Newmont submitted its statement of defense on February 27, 2023, and a motion for summary judgment on January 12, 2024. The motion for summary judgment was denied on May 27, 2024, and the parties are now engaged in the discovery phase of the case. Newmont intends to vigorously defend this matter but cannot reasonably predict the outcome.
Newmont Ghana Gold Limited - 100% Newmont Owned (and Newmont Golden Ridge Limited owned by Newmont through April 15, 2025)
On December 24, 2018, two individual plaintiffs, who are members of the Ghana Parliament (“Plaintiffs”), filed a writ to invoke the original jurisdiction of the Supreme Court of Ghana. On January 16, 2019, Plaintiffs filed the Statement of Plaintiff’s Case outlining the details of the Plaintiff’s case and subsequently served Newmont Ghana Gold Limited (“NGGL”) and Newmont Golden Ridge Limited (“NGRL”) along with the other named defendants, the Attorney General of Ghana, the Minerals Commission of Ghana and 33 other mining companies with interests in Ghana. The Plaintiffs allege that under article 268 of the 1992 Constitution of Ghana, the mining company defendants are not entitled to carry out any exploitation of minerals or other natural resources in Ghana, unless their respective transactions, contracts or concessions are ratified or exempted from ratification by the Parliament of Ghana. Newmont’s current mining leases are both ratified by Parliament; NGGL June 13, 2001 mining lease, ratified by Parliament on October 21, 2008, and NGRL January 19, 2010 mining lease; ratified by Parliament on December 3, 2015. The writ alleges that any mineral exploitation prior to Parliamentary ratification is unconstitutional. The Plaintiffs seek several remedies including: (i) a declaration as to the meaning of constitutional language at issue; (ii) an injunction precluding exploitation of minerals for any mining company without prior Parliamentary ratification; (iii) a declaration that all revenue as a result of violation of the Constitution shall be accounted for and recovered via cash equivalent; and (iv) an order that the Attorney General and Minerals Commission submit all un-ratified mining leases, undertakings or contracts to Parliament for ratification. Newmont intends to vigorously defend this matter but cannot reasonably predict the outcome. On April 15, 2025, the Company completed the sale of the Akyem reportable segment, including NGRL. In the case of an adverse final judgment against NGRL pursuant to a non-appealable governmental order, if any, the Company would be required to indemnify the buyer for certain fines, penalties and disgorgements attributable to the period from the date of the Company’s commencement of commercial production under the mining leases in October 2013 to the date on which the mining leases were ratified by Parliament on December 3, 2015.
Newmont Capital Limited and Newmont Canada FN Holdings ULC – 100% Newmont Owned
The Australian Taxation Office (“ATO”) is conducting a limited review of the Company’s prior year tax returns. The ATO is reviewing an internal reorganization executed in 2011 when Newmont completed a restructure of the shareholding in the Company’s Australian subsidiaries. To date, the Company has responded to inquiries from the ATO and provided them with supporting documentation for the transaction and the Company’s associated tax positions. One aspect of the ATO review relates to an Australian capital gains tax that applies to sales or transfers of stock in certain types of entities. In the fourth quarter of 2017, the ATO notified
the Company that it believed the 2011 reorganization was subject to capital gains tax of approximately $85 (including interest and penalties). The Company disputed this conclusion and is vigorously defending its position that the transaction is not subject to this tax. In the fourth quarter of 2017, the Company made a $24 payment to the ATO and lodged an appeal with the Australian Federal Court. The court proceedings were held during the third quarter of 2024 and the Company is currently awaiting the judgment, which is expected during the fourth quarter of 2025. The Company cannot reasonably predict the outcome.
Newmont Corporation
Karas v. Newmont Corp., et al. On January 31, 2025, a putative class action lawsuit was filed against Newmont and Newmont’s Chief Executive Officer, Chief Operating Officer and then Chief Financial Officer in the United States District Court for the District of Colorado. The action was brought on behalf of an alleged class of Newmont stockholders who owned stock between February 22, 2024 and October 23, 2024 (the alleged class period). The Court appointed Lead Plaintiffs on May 6, 2025 who filed an amended complaint on July 14, 2025 adding Newmont's Chief Development Officer as a defendant and shortening the alleged class period to July 24, 2024 through October 23, 2024. Plaintiffs allege that the defendants made a series of materially false and misleading statements and/or omissions during the alleged class period regarding the Company’s operations, production, and costs in violation of federal securities laws. Plaintiffs further allege that the purported class members suffered losses and damages resulting from declines in the market value of Newmont’s common stock after the Company announced its third quarter 2024 results and updated guidance on October 23, 2024. Plaintiffs seek unspecified monetary damages and other relief. Defendants filed a motion to dismiss the amended complaint on September 12, 2025.
Gunderson v. Palmer et al.; Levin v. Palmer et al.; Chin v. Palmer et al.; and Harris v. Palmer et al. On February 21, February 28, March 20, and April 4, 2025, respectively, purported Newmont stockholders filed putative derivative complaints nominally on behalf of Newmont against Newmont’s Chief Executive Officer, Chief Operating Officer, then Chief Financial Officer, and members of Newmont’s Board of Directors, naming Newmont as a nominal defendant, in the United States District Court for the District of Colorado. While the allegations and asserted claims vary among the actions, the complaints, taken collectively, generally raise similar allegations as the complaint in Karas. The complaints allege, among other things, that the defendants made a series of materially false and misleading statements and/or omissions beginning on February 22, 2024 regarding the Company's operations, production, and costs, that the Company lacked adequate internal controls and oversight over risk management, that the defendants made materially false and misleading statements in the Company’s 2024 proxy statement, and that there were improper share repurchases by the Company and stock sales by the Company’s Chief Executive Officer during the period February 22, 2024 to October 23, 2024, and assert claims under federal securities law (other than in the Chin case) and Delaware state law. Plaintiffs seek unspecified monetary damages, restitution, disgorgement and other relief, including reforms to the Company’s corporate governance. On March 19, 2025, on motion from plaintiffs in Gunderson and Levin, the court consolidated Levin into Gunderson, and appointed lead plaintiffs in the consolidated case. On May 1, 2025, on motion from plaintiffs in Gunderson, Levin, Chin, and Harris, the court consolidated Chin and Harris into Gunderson. On May 7, 2025, upon joint motion from the parties in Gunderson, the court stayed the consolidated action pending the resolutions of all motions to dismiss the operative complaint in Karas.
Willis v. Palmer et al. On May 9, 2025, a purported Newmont stockholder filed a putative derivative complaint nominally on behalf of Newmont against Newmont’s Chief Executive Officer, Chief Operating Officer, then Chief Financial Officer, and members of Newmont’s Board of Directors, naming Newmont as a nominal defendant, in the United States District Court for the District of Delaware. The complaint generally raises similar allegations and requests similar relief as the complaints in the District of Colorado consolidated derivative actions, described above. On May 28, 2025, upon stipulation and agreement by the parties, the court stayed the action pending the resolution of all motions to dismiss the operative complaint in Karas.
Newmont intends to vigorously defend these matters, but cannot reasonably predict the outcome of any matter.
Other Commitments and Contingencies
As part of its ongoing business and operations, the Company and its affiliates are required to provide surety bonds, bank letters of credit, and bank guarantees as financial support for various purposes, including environmental remediation, reclamation, exploration permitting, workers compensation programs and other general corporate purposes. At September 30, 2025 and December 31, 2024, there were $2,040 and $2,086, respectively, of outstanding letters of credit, surety bonds and bank guarantees. The obligations associated with these instruments are generally related to performance requirements that the Company addresses through its ongoing operations. As the specific requirements are met, the beneficiary of the associated instrument cancels and/or returns the instrument to the issuing entity. Certain of these instruments are associated with operating sites with long-lived assets and will remain outstanding until closure. Generally, bonding requirements associated with environmental regulation are becoming more restrictive. However, the Company believes it is in compliance with all applicable bonding obligations and will be able to satisfy future bonding requirements through existing or alternative means, as they arise.
Newmont is from time to time involved in various legal proceedings related to its business. Except in the above-described proceedings, management does not believe that adverse decisions in any pending or threatened proceeding or that amounts that may be required to be paid by reason thereof will have a material adverse effect on the Company’s financial condition or results of operations.
In connection with the Company's investment in Galore Creek, Newmont will owe NovaGold Resources Inc. $75 upon the earlier of approval to construct a mine, mill and all related infrastructure for the Galore Creek project or the initiation of construction of a mine, mill or related infrastructure. The amount due is non-interest bearing. The decision for an approval and commencement of construction is contingent on the results of a prefeasibility study which is currently under way and feasibility study which has not yet occurred.
Refer to Note 25 of the Consolidated Financial Statements included in Part II, Item 8, of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 21, 2025, for information on the Company's contingent payments.
v3.25.3
Insider Trading Arrangements
 3 Months Ended
Sep. 30, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 9 Months Ended
Sep. 30, 2025
Accounting Policies [Abstract]  
Risks and Uncertainties
Risks and Uncertainties
As a global mining company, the Company’s revenue, profitability and future rate of growth are substantially dependent on prevailing metal prices, primarily for gold, but also for copper, silver, lead, and zinc. Historically, the commodity markets have been very volatile, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or extended decline in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital, and on the quantities of reserves that the Company can economically produce. The carrying value of the Company’s Property, plant and mine development, net; Inventories; Stockpiles and ore on leach pads; Investments; certain Derivative assets; Deferred income tax assets; and Goodwill are particularly sensitive to the outlook for commodity prices. A decline in the Company’s price outlook from current levels could result in material impairment charges related to these assets.
The Company's global operations expose it to risks associated with public health crises, geopolitical and macroeconomic pressures, including but not limited to inflationary conditions, as well as the effects of certain countermeasures taken by central banks, supply chain disruptions resulting from global conflicts and other global events, an uncertain and evolving labor market and trade environment including tariff and regulatory changes.
Factors that could have further potential short- and, possibly, long-term material adverse impacts on the Company include, but are not limited to, volatility in commodity prices and the prices for gold and other metals, changes in the equity and debt markets or country-specific factors adversely impacting discount rates, significant cost inflation impacts on production, capital and asset retirement costs, logistical challenges, workforce interruptions and financial market disruptions, energy market disruptions, as well as potential impacts to estimated costs and timing of projects.
At the Company’s Yanacocha operations, the mining of oxide ores under its current life-of-mine plan are expected to complete in the fourth quarter of this year. The Company has chosen to continue deferring the investment decision for the Yanacocha Sulfides project and upon cessation of mining this year, will focus its operations on residual gold leaching and eventual transition of the Yanacocha operations into full closure. Associated with the wind-down of operations, the Company is exploring legal alternatives up to and including liquidation of Minera Yanacocha S.R.L., while working to preserve future optionality around its development projects and other exploration potential.
To the extent the Company determines that its development projects in Peru are no longer sufficiently profitable or economically feasible under the Company’s internal requirements, or if these projects are not aligned with the Company’s current capital allocation priorities and strategic direction, this could result in negative modifications to the Company's proven and probable reserves. Further, decisions made by the Company may also indicate that the current carrying value of the assets under construction of its development projects in Peru, and other long-lived assets of the Yanacocha operations, may not be recoverable. As of September 30, 2025, the Yanacocha operations had total long-lived assets of approximately $1,076, inclusive of $827 of assets under construction related to the Yanacocha Sulfides project.
The Company also continues to hold the Conga project in Peru with a total carrying value of $890 at September 30, 2025. While higher near-term gold and copper prices could be a positive indicator of future profitability and economic returns from this project, based on current conditions, the Company does not anticipate developing Conga in the next ten years and so this project
remains in care and maintenance. Should the Company be unable to develop the Conga project, other alternatives for the project would be considered, which may result in a future impairment charge for the remaining assets.
Refer to Note 18 below for further information on risks and uncertainties that could have a potential impact on the Company as well as Note 2 to the Consolidated Financial Statements included in Part II, Item 8, of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 21, 2025.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the accounting for and recognition and disclosure of assets, liabilities, equity, revenues, and expenses. The Company must make these estimates and assumptions because certain information used is dependent on future events, cannot be calculated with a high degree of precision from data available or simply cannot be readily calculated based on generally accepted methodologies. Actual results could differ from these estimates.
Indemnification Liabilities
Indemnification Liabilities
The Company has provided certain indemnifications in connection with divestitures. The indemnifications contingently require the Company, as guarantor, to make payments to the guaranteed party and are initially measured at the greater of fair value or the contingent liability amount to be recognized in accordance with ASC 450 and are included in Other non-current liabilities. For indemnifications provided in sales agreements, a portion of the sale proceeds is allocated to the guarantee, which adjusts the gain or loss that would otherwise result from the transaction. The subsequent accounting for the liability depends on the nature of the underlying guarantee. Indemnification liabilities are reduced as the Company is released from risk under the guarantee. The recognition and measurement provisions of ASC 450 continue to apply to the contingent loss portion of the guarantee unless the guarantee is accounted for as a derivative.
Reclassifications
Reclassifications
Certain amounts and disclosures in prior years have been reclassified to conform to the current year presentation.
Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules and Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules
Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules
Improvement to Income Tax Disclosures
In December 2023, ASU 2023-09 was issued which requires disaggregated information about the effective tax rate reconciliation and additional information on taxes paid that meet a qualitative threshold. The new guidance is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. The Company adopted this standard as of January 1, 2025 and will reflect the new disclosure requirements in its annual report.
Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules
Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract
In September 2025, ASU 2025-07 was issued expanding the scope of contracts that are excluded from derivative accounting and clarifying the accounting for share-based noncash consideration in revenue contracts. The new guidance is effective for annual reporting periods beginning after December 15, 2026, with early adoption permitted. The Company is currently evaluating the impacts of the guidance on its consolidated financial statements.
Disaggregation of Income Statement Expenses
In November 2024, ASU 2024-03 was issued, requiring additional disclosures in the notes to the financial statements on the nature of certain expense captions presented on the face of the Consolidated Statement of Operations. The new guidance is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impacts of the guidance on its disclosures.
v3.25.3
DIVESTITURES (Tables)
 9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations Gains recognized on the completed sales during the nine months ended September 30, 2025 are summarized in the table below; value of consideration received and indemnifications provided represent the value at the time of close.
CC&VMusselwhitePorcupineÉléonoreAkyemTotal
Cash received, net of working capital adjustments (1)
$109 $799 $201 $784 $888 $2,781 
Deferred consideration received154 14 107 — 84 359 
Equity consideration— — 233 — — 233 
Value of consideration received263 813 541 784 972 3,373 
Less: Carrying value of net assets divested(196)(794)(513)(612)(270)(2,385)
Less: Indemnification provided(65)— — — (19)(84)
Gain on completed sales (2)(3)
$2 $19 $28 $172 $683 $904 
____________________________
(1)Certain working capital adjustments are to be finalized over a defined period from the close of sale. Any resulting revisions will be settled in cash, with an offsetting impact recognized in (Gain) loss on sale of assets held for sale. Adjustments are not expected to be material.
(2)Recognized in (Gain) loss on sale of assets held for sale.
(3)A total net loss of $15 was recognized on the CC&V divestment since designation as held for sale in the first quarter of 2024, including a gain of $2 which was recognized for the nine months ended September 30, 2025. For Porcupine, a total net loss of $358 was recognized since designation as held for sale in the first quarter of 2024, including a $76 loss reversal and $28 gain recognized in the first and second quarter of 2025, respectively, resulting in a total gain of $104 recognized for the nine months ended September 30, 2025. The total net losses on CC&V and Porcupine include prior period write-downs; no prior period write-downs were incurred on Musselwhite, Éléonore, or Akyem.
The following table presents the carrying value of the major classes of assets and liabilities held for sale for the Coffee development project as of September 30, 2025. The carrying value is presented prior to the recognition of the cumulative write-down of $155, excluding tax impacts, resulting in an aggregate net book value of assets held for sale of $162.
Coffee Project (1)
Assets held for sale:
Property, plant and mine development, net$321 
Carrying value of assets held for sale$321 
Liabilities held for sale:
Reclamation and remediation liabilities$3 
Other liabilities1 
Carrying value of liabilities held for sale$4 
____________________________
(1)The Coffee Project is included in Corporate and Other in Note 4.
The following table presents the carrying value of the major classes of assets and liabilities held for sale by disposal group as of December 31, 2024. The carrying values are presented prior to recognition of the write-down of $699, excluding tax impacts, resulting in an aggregate net book value of the assets held for sale of $2,432.
CC&V (1)
Musselwhite (1)
Porcupine (1)
Éléonore (1)
Akyem (1)
Coffee Project (2)
Total
Assets held for sale:
Property, plant and mine development, net$170 $1,063 $1,541 $785 $559 $321 $4,439 
Other assets408 39 93 70 258 1 869 
Carrying value of assets held for sale$578 $1,102 $1,634 $855 $817 $322 $5,308 
Liabilities held for sale:
Reclamation and remediation liabilities$334 $82 $563 $87 $427 $3 $1,496 
Other liabilities37 257 223 71 91 2 681 
Carrying value of liabilities held for sale$371 $339 $786 $158 $518 $5 $2,177 
____________________________
(1)Divested as of September 30, 2025.
(2)The Coffee Project is included in Corporate and Other in Note 4.
Disclosure of Long-Lived Assets Held-for-Sale
(Gain) loss on sale of assets held for sale consisted of the following:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
(Gain) on completed sales$— $— $(904)$— 
(Reversal of write-downs) write-downs on assets held for sale (1)
(65)115 (141)624 
Tax impact (2)
(29)— (46)222 
Other (3)
(5)— 17 — 
$(99)$115 $(1,074)$846 
____________________________
(1)In the third quarter of 2025, the Company recognized a partial reversal of the prior period write-down on the Coffee development project as a result of the binding sales agreement.
(2)In 2025, tax impacts on the reversals of prior period write-downs of assets held for sale resulted in the reduction to the respective deferred tax asset, which decreased the carrying values of the related disposal group and resulted in additional gains. In 2024, a tax impact on write-downs of assets held for sale resulted in the establishment of a deferred tax asset, which increased the respective carrying values of the related disposal groups and resulted in an additional loss.
(3)Primarily consists of the impact of finalization of certain working capital adjustments on completed sales and certain costs incurred under the transitional services support agreements.
v3.25.3
SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Financial Information of Company's Segments
The financial information relating to the Company’s segments is as follows:
Three Months Ended
September 30, 2025		SalesCosts Applicable to SalesDepreciation and AmortizationReclamation and RemediationAdvanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)(2)
Income (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (3)
Ahafo$516 $195 $45 $2 $16 $7 $251 $122 
Brucejack272 91 53 1 8 3 116 36 
Red Chris
Gold55 23 6 
Copper69 48 14 
Total Red Chris124 71 20 2 3 1 27 47 
Peñasquito:
Gold382 97 38 
Silver293 96 38 
Lead52 33 13 
Zinc191 118 41 
Total Peñasquito918 344 130 5 4 14 421 26 
Merian159 78 17 2 10 — 52 16 
Cerro Negro
207 83 34 1 8 3 78 31 
Yanacocha530 117 30 46 4 (9)342 7 
Boddington:
Gold471 166 32 
Copper55 26 5 
Total Boddington526 192 37 4 — 7 286 31 
Tanami366 121 34 — 2 4 205 145 
Cadia:
Gold343 74 28 
Copper195 67 26 
Total Cadia538 141 54 1 2 7 333 139 
Lihir475 202 50 3 5 7 208 36 
NGM893 316 114 3 8 (6)458 95 
Total Reportable Segments5,524 1,951 618 70 70 38 2,777 731 
Corporate and Other (4)
— — 25 53 35 157 (270)5 
Consolidated$5,524 $1,951 $643 $123 $105 $195 $2,507 $736 
____________________________
(1)Other Segment Expenses (Income) for all reportable segments includes Other expense, net and Other income (loss), net. Refer to Notes 7 and 8, respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative, Change in fair value of investments and options, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other.
(2)Other Segment Expenses (Income) includes (Gain) loss on sale of assets held for sale which primarily consists of a partial reversal of the prior period write-down on the Coffee development project as a result of the binding sales agreement. Refer to Note 3 for further information on the Company's divestitures.
(3)Includes an increase in non-cash adjustments of $9, primarily comprised of the change in accrued capital expenditures. Consolidated capital expenditures on a cash basis were $727.
(4)The Coffee development project disposal group is included in Corporate and Other. Refer to Note 3 for further information on the Company's divestitures.
Three Months Ended
September 30, 2024		SalesCosts Applicable to SalesDepreciation and Amortization
Reclamation and Remediation (1)
Advanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)(2)
Income (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (3)
Ahafo$551 $192 $55 $2 $14 $(5)$293 $102 
Brucejack252 98 70 1 7 1 75 17 
Red Chris
Gold24 21 7 
Copper51 71 22 
Total Red Chris75 92 29 1 5 (4)(48)41 
Peñasquito:
Gold144 54 22 
Silver147 75 32 
Lead32 26 10 
Zinc152 118 43 
Total Peñasquito475 273 107 5 2 37 51 32 
Merian158 113 24 1 6 1 13 14 
Cerro Negro
150 91 31 1 4 3 20 58 
Yanacocha220 96 23 47 2 (6)58 21 
Boddington:
Gold326 136 25 
Copper73 44 9 
Total Boddington399 180 34 4 1 6 174 34 
Tanami248 98 30 1 8 12 99 108 
Cadia:
Gold298 80 30 
Copper205 80 31 
Total Cadia503 160 61 — 3 12 267 155 
Lihir317 206 37 1 2 5 66 44 
NGM611 320 103 3 5 2 178 103 
Held for Sale (4)
CC&V94 54 3 2 1 1 33 7 
Musselwhite124 50 — 1 1 1 71 27 
Porcupine172 78 2 4 2 — 86 64 
Éléonore129 70 — 1 3 — 55 27 
Telfer (5)
Gold13 39 1 
Copper— 4 — 
Total Telfer13 43 1 6 6 115 (158)15 
Akyem114 95 10 3 1 (1)6 4 
Total Reportable Segments4,605 2,309 620 84 73 180 1,339 873 
Corporate and Other— 1 11 48 48 172 (280)7 
Consolidated$4,605 $2,310 $631 $132 $121 $352 $1,059 $880 
____________________________
(1)Segment presentation for the prior period has been recast due to the adoption of ASU 2023-07.
(2)Other Segment Expenses (Income) includes (Gain) loss on sale of assets held for sale, Other expense, net, and Other income (loss), net. Refer to Notes 3, 7, and 8, respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative, Change in fair value of investments and options, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other.
(3)Includes an increase in non-cash adjustments of $3, primarily comprised of the change in accrued capital expenditures. Consolidated capital expenditures on a cash basis were $877.
(4)Refer to Note 3 for information on the Company's divestitures.
(5)During the second quarter of 2024, seepage points were detected on the outer wall and around the tailings storage facility at Telfer and the Company temporarily ceased placing new tailings on the facility. Production resumed at the end of the third quarter of 2024. The Company completed the sale of Telfer in the fourth quarter of 2024.
Nine Months Ended
September 30, 2025		SalesCosts Applicable to SalesDepreciation and Amortization
Reclamation and Remediation
Advanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)(2)
Income (Loss) before Income and Mining Tax and Other Items
Total Assets
Capital Expenditures (3)
Ahafo$1,747 $643 $143 $6 $41 $(6)$920 $2,965 $369 
Brucejack566 265 141 4 13 7 136 2,622 77 
Red Chris
Gold150 61 17 
Copper205 129 37 
Total Red Chris355 190 54 6 8 (1)98 2,642 117 
Peñasquito:
Gold1,188 303 134 
Silver672 218 95 
Lead137 75 33 
Zinc513 305 118 
Total Peñasquito2,510 901 380 16 12 44 1,157 4,569 82 
Merian523 272 54 4 30 — 163 968 42 
Cerro Negro
427 233 88 4 19 13 70 1,818 114 
Yanacocha1,255 329 86 134 8 11 687 2,265 15 
Boddington:
Gold1,361 502 93 
Copper196 102 19 
Total Boddington1,557 604 112 12 3 23 803 2,488 102 
Tanami873 318 90 2 8 21 434 2,546 392 
Cadia:
Gold1,029 239 95 
Copper632 220 91 
Total Cadia1,661 459 186 4 6 41 965 6,489 412 
Lihir1,447 565 141 10 8 21 702 5,764 117 
NGM2,302 967 317 8 16 (5)999 7,423 290 
Total Reportable Segments15,223 5,746 1,792 210 172 169 7,134 42,559 2,129 
Corporate and Other (4)
— — 58 74 123 (70)(185)12,131 10 
Divested (5)
CC&V88 39 2 2 — (3)48 — 5 
Musselwhite94 33 — 1 — (18)78 — 14 
Porcupine (4)
177 79 1 6 1 20 70 — 54 
Éléonore138 54 — 1 2 (171)252 — 12 
Akyem131 107 3 5 — (683)699 — 9 
Consolidated$15,851 $6,058 $1,856 $299 $298 $(756)$8,096 $54,690 $2,233 
____________________________
(1)Other Segment Expenses (Income) for all reportable segments includes Other expense, net and Other income (loss), net. Refer to Notes 7 and 8, respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative, Change in fair value of investments and options, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other.
(2)Other Segment Expenses (Income) includes (Gain) loss on sale of assets held for sale which primarily consists of gains on the completed sales. Refer to Note 3 for further information.
(3)Includes an increase in non-cash adjustments of $6, primarily comprised of the change in accrued capital expenditures. Consolidated capital expenditures on a cash basis were $2,227.
(4)The Coffee development project disposal group is included in Corporate and Other. Additionally, Corporate and Other contained legacy reclamation related to Porcupine which was divested in the second quarter of 2025. Refer to Note 3 for information on the Company's divestitures.
(5)Refer to Note 3 for information on the Company's divestitures.
Nine Months Ended
September 30, 2024		SalesCosts Applicable to SalesDepreciation and Amortization
Reclamation and Remediation (1)
Advanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)(2)
Income (Loss) before Income and Mining Tax and Other Items
Total Assets (1)
Capital Expenditures (3)
Ahafo$1,354 $527 $161 $6 $31 $(27)$656 $3,290 $273 
Brucejack430 236 141 2 8 1 42 4,200 52 
Red Chris:
Gold59 35 11 
Copper160 135 41 
Total Red Chris219 170 52 2 9 (3)(11)2,367 125 
Peñasquito:
Gold385 145 59 
Silver557 282 117 
Lead136 88 36 
Zinc425 322 114 
Total Peñasquito1,503 837 326 15 7 42 276 4,686 90 
Merian455 299 63 3 15 2 73 935 64 
Cerro Negro
368 224 83 3 12 11 35 1,763 135 
Yanacocha587 261 74 143 8 1 100 1,905 54 
Boddington:
Gold945 419 77 
Copper236 141 27 
Total Boddington1,181 560 104 10 3 (2)506 2,466 91 
Tanami667 281 88 2 23 13 260 2,133 298 
Cadia:
Gold843 231 91 
Copper593 214 91 
Total Cadia1,436 445 182 2 12 5 790 6,492 400 
Lihir1,039 539 115 3 12 15 355 4,145 139 
NGM1,760 941 313 9 17 10 470 7,446 347 
Held for sale (4)
CC&V231 139 10 8 4 105 (35)478 20 
Musselwhite357 163 18 3 4 83 86 1,026 74 
Porcupine503 235 34 13 5 245 (29)1,432 159 
Éléonore392 239 21 3 8 — 121 897 77 
Telfer: (5)
Gold154 192 13 
Copper14 31 3 
Total Telfer168 223 16 11 12 118 (212)831 39 
Akyem380 252 51 10 5 (5)67 800 20 
Total Reportable Segments13,030 6,571 1,852 248 195 614 3,550 47,292 2,457 
Corporate and Other— 1 35 76 138 777 (1,027)8,883 15 
Consolidated$13,030 $6,572 $1,887 $324 $333 $1,391 $2,523 $56,175 $2,472 
____________________________
(1)Segment presentation for the prior period has been recast due to the adoption of ASU 2023-07.
(2)Other Segment Expenses (Income) includes (Gain) loss on sale of assets held for sale, Other expense, net, and Other income (loss), net. Refer to Notes 3, 7, and 8, respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative, Change in fair value of investments and options, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other.
(3)Includes a decrease in non-cash adjustments of $55, primarily comprised of the change in accrued capital expenditures. Consolidated capital expenditures on a cash basis were $2,527.
(4)Refer to Note 3 for information on the Company's divestitures. The Coffee development project disposal group is included in Corporate and Other.
(5)During the second quarter of 2024, seepage points were detected on the outer wall and around the tailings storage facility at Telfer and the Company temporarily ceased placing new tailings on the facility. Production resumed at the end of the third quarter of 2024. The Company completed the sale of Telfer in the fourth quarter of 2024.
v3.25.3
SALES (Tables)
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of sales by mining operation, product and by inventory type, and provisional sales
The following tables present the Company’s Sales by mining operation, product, and inventory type:

Three Months Ended September 30, 2025Three Months Ended September 30, 2024
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal SalesGold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Ahafo$516 $— $516 $551 $— $551 
Brucejack195 77 272 161 91 252 
Red Chris:
Gold— 55 55 — 24 24 
Copper— 69 69 — 51 51 
Total Red Chris— 124 124 — 75 75 
Peñasquito:
Gold— 382 382 — 144 144 
Silver (1)
— 293 293 — 147 147 
Lead— 52 52 — 32 32 
Zinc— 191 191 — 152 152 
Total Peñasquito— 918 918 — 475 475 
Merian157 2 159 151 7 158 
Cerro Negro 207 — 207 150 — 150 
Yanacocha524 6 530 216 4 220 
Boddington:
Gold125 346 471 89 237 326 
Copper— 55 55 — 73 73 
Total Boddington125 401 526 89 310 399 
Tanami366 — 366 248 — 248 
Cadia:
Gold40 303 343 25 273 298 
Copper— 195 195 — 205 205 
Total Cadia40 498 538 25 478 503 
Lihir475 — 475 317 — 317 
NGM (2)
846 47 893 574 37 611 
Divested (3)
CC&V— — — 94 — 94 
Musselwhite— — — 124 — 124 
Porcupine— — — 172 — 172 
Éléonore— — — 129 — 129 
Telfer:
Gold— — — 6 7 13 
Copper— — — — — — 
Total Telfer— — — 6 7 13 
Akyem— — — 114 — 114 
Consolidated$3,451 $2,073 $5,524 $3,121 $1,484 $4,605 
____________________________
(1)Silver sales from concentrate includes $24 and $15 related to non-cash amortization of the silver streaming agreement liability for the three months ended September 30, 2025 and 2024, respectively.
(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $854 and $581 for the three months ended September 30, 2025 and 2024, respectively.
(3)Refer to Note 3 for information on the Company's divestitures.
Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal SalesGold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Ahafo$1,747 $— $1,747 $1,354 $— $1,354 
Brucejack384 182 566 291 139 430 
Red Chris:
Gold— 150 150 — 59 59 
Copper— 205 205 — 160 160 
Total Red Chris— 355 355 — 219 219 
Peñasquito:
Gold— 1,188 1,188 — 385 385 
Silver (1)
— 672 672 — 557 557 
Lead— 137 137 — 136 136 
Zinc— 513 513 — 425 425 
Total Peñasquito— 2,510 2,510 — 1,503 1,503 
Merian513 10 523 435 20 455 
Cerro Negro 427 — 427 368 — 368 
Yanacocha1,232 23 1,255 580 7 587 
Boddington:
Gold342 1,019 1,361 254 691 945 
Copper— 196 196 — 236 236 
Total Boddington342 1,215 1,557 254 927 1,181 
Tanami873 — 873 667 — 667 
Cadia:
Gold104 925 1,029 90 753 843 
Copper— 632 632 — 593 593 
Total Cadia104 1,557 1,661 90 1,346 1,436 
Lihir1,447 — 1,447 1,039 — 1,039 
NGM (2)
2,176 126 2,302 1,664 96 1,760 
Divested (3)
CC&V88 — 88 231 — 231 
Musselwhite 94 — 94 357 — 357 
Porcupine 177 — 177 503 — 503 
Éléonore 138 — 138 392 — 392 
Telfer:
Gold— — — 30 124 154 
Copper— — — — 14 14 
Total Telfer— — — 30 138 168 
Akyem131 — 131 380 — 380 
Consolidated$9,873 $5,978 $15,851 $8,635 $4,395 $13,030 
____________________________
(1)Silver sales from concentrate includes $63 and $65 related to non-cash amortization of the silver streaming agreement liability for the nine months ended September 30, 2025 and 2024, respectively.
(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $2,186 and $1,669 for the nine months ended September 30, 2025 and 2024, respectively.
(3)The Company completed the sale of Telfer in the fourth quarter of 2024, CC&V, Musselwhite, and Éléonore in the first quarter of 2025, and Porcupine and Akyem in the second quarter of 2025. Refer to Note 3 for information on the Company's divestitures.
At September 30, 2025, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months:
Provisionally Priced Sales
Subject to Final Pricing (1)
Average Provisional
Price (per ounce/pound)
Gold (ounces, in thousands)164 $3,850 
Copper (pounds, in millions)70 $4.68 
Silver (ounces, in millions)6 $46.39 
Lead (pounds, in millions)48 $0.89 
Zinc (pounds, in millions)93 $1.35 
____________________________
(1)Includes provisionally priced by-product sales subject to final pricing, which are recognized as a reduction to Costs applicable to sales.
v3.25.3
RECLAMATION AND REMEDIATION (Tables)
 9 Months Ended
Sep. 30, 2025
Environmental Remediation Obligations [Abstract]  
Reclamation and Remediation Expense
The Company’s Reclamation and remediation expense consisted of:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Reclamation adjustments and other$17 $13 $19 $17 
Reclamation accretion73 90 236 262 
Reclamation expense90 103 255 279 
Remediation adjustments and other32 26 39 39 
Remediation accretion1 3 5 6 
Remediation expense33 29 44 45 
Reclamation and remediation$123 $132 $299 $324 
Remediation and Reclamation Change in Liabilities
The following are reconciliations of Reclamation and remediation liabilities:
ReclamationRemediation
2025202420252024
Balance at January 1,$7,015 $8,385 $370 $401 
Additions, changes in estimates, and other (1)
42 (2)27 28 
Acquisitions and Divestitures (2)(3)
(13)64 — — 
Payments, net(471)(214)(56)(59)
Accretion expense 236 262 5 6 
Reclassification to Liabilities held for sale (3)
— (1,658)— (20)
Balance at September 30,
$6,809 $6,837 $346 $356 
____________________________
(1)The addition to reclamation for the nine months ended September 30, 2025 was primarily related to NGM, as a result of higher water management costs and higher mercury storage and disposal costs at the Carlin mine. The addition to remediation for the nine months ended September 30, 2025 was primarily related to higher water management costs and project execution delays at the Midnite Mine. The addition to remediation for the nine months ended September 30, 2024 was primarily due to the completion of haul road safety enhancements and continued clean up of contaminated materials and closure of the three mine portals at the Ross Adams mine. The Midnite Mine and Ross Adams mine are included in Corporate and Other in Note 4.
(2)During 2024, measurement period adjustments of $64 relating to refinements to the preliminary valuation of the Telfer asset resulted in an increase to Reclamation and remediation liabilities.
(3)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for assets held for sale. As a result, the related assets and liabilities, including reclamation and remediation liabilities, were reclassified to Assets held for sale and Liabilities held for sale,
respectively. The Company completed the sale of CC&V, Musselwhite, and Éléonore in the first quarter of 2025, and Porcupine and Akyem in the second quarter of 2025. Refer to Note 3 for information on the Company's divestitures.
At September 30, 2025At December 31, 2024
ReclamationRemediationTotalReclamationRemediationTotal
Current (1)
$861 $66 $927 $928 $63 $991 
Non-current (2)
5,948 280 6,228 6,087 307 6,394 
Total (3)
$6,809 $346 $7,155 $7,015 $370 $7,385 
____________________________
(1)The current portion of reclamation and remediation liabilities are included in Other current liabilities; refer to Note 16 for further information.
(2)The non-current portion of reclamation and remediation liabilities are included in Reclamation and remediation liabilities.
(3)Total reclamation liabilities include $4,251 and $4,546 related to Yanacocha at September 30, 2025 and December 31, 2024, respectively.
v3.25.3
OTHER EXPENSE, NET (Tables)
 9 Months Ended
Sep. 30, 2025
Operating Costs and Expenses [Abstract]  
Schedule of other expense, net
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Restructuring and severance$87 $5 $111 $20 
Impairment charges (1)
39 18 63 39 
Newcrest transaction and integration costs (2)
2 17 (4)62 
Settlement costs(2)7 1 33 
Other13 8 59 33 
Other expense, net$139 $55 $230 $187 
____________________________
(1)In the third quarter of 2025, the Company recognized a non-cash impairment charge of $28 related to the full write-down of its interest in the Namosi exploration stage property in Fiji.
(2)In 2025, includes a gain recognized on the reduction of the stamp duty tax liability incurred as a result of the Newcrest transaction.
v3.25.3
OTHER INCOME (LOSS), NET (Tables)
 9 Months Ended
Sep. 30, 2025
Other Income, Nonoperating [Abstract]  
Other Income, Net
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Interest income$56 $37 $151 $114 
Foreign currency exchange, net(41)(29)(120)(26)
Gain (loss) on debt extinguishment (Note 15)
(72)15 (100)29 
Gain (loss) on asset and investment sales(6)(28)(13)36 
Other8 5 1 46 
Other income (loss), net$(55)$— $(81)$199 
v3.25.3
INCOME AND MINING TAXES (Tables)
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income and Mining Tax Expense Reconciliation
A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate follows:
Three Months Ended September 30, (1)
Nine Months Ended September 30, (1)
2025202420252024
Income (loss) before income and mining tax and other items$2,507 $1,059 $8,096 $2,523 
U.S. Federal statutory tax rate21 %526 21 %222 21 %1,700 21 %530 
Reconciling items:
Percentage depletion(1)(20)(1)(12)(1)(76)(2)(49)
Change in valuation allowance on deferred tax assets(1)(22)(3)(37)(1)(73)(3)(82)
Foreign rate differential8 200 7 72 7 567 9 219 
Effect of foreign earnings, net of credits— 4 1 9 — 6 1 30 
Mining and other taxes (net of associated federal benefit)3 87 5 55 3 221 6 150 
Uncertain tax position reserve adjustment— 4 (1)(6)— (2)(2)(58)
Tax impact of foreign exchange (3)(72)2 25 (1)(69)(1)(33)
Akyem recognition of DTL for assets held for sale— — (4)(37)— — 1 44 
Tax impact of divestitures (2)
3 74 — — 2 196 — — 
Other1 6 (4)(47)1 56 (2)(56)
Income and mining tax expense (benefit)31 %$787 23 %$244 31 %$2,526 28 %$695 
____________________________
(1)Tax rates may not recalculate due to rounding.
(2)Refer to Note 3 for information on the Company's divestitures.
v3.25.3
FAIR VALUE ACCOUNTING (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables set forth the Company’s assets and liabilities measured at fair value on a recurring (at least annually) or nonrecurring basis by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Refer to Note 13 to the Consolidated Financial Statements included in Part II, Item 8, of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 21, 2025, for further information on the Company's assets and liabilities included in the fair value hierarchy presented below.
Fair Value at September 30, 2025
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$5,639 $5,639 $— $— 
Restricted cash33 33 — — 
Trade receivables from provisional concentrate sales1,044 — 1,044 — 
Assets held for sale (2)
166 — 166 — 
Marketable equity and other securities (Note 12) (3)
429 429 — — 
Restricted marketable debt and other securities (Note 12)
14 14 — — 
Derivative assets (Note 11)
415 — 51 364 
$7,740 $6,115 $1,261 $364 
Liabilities:
Debt (4)
$5,389 $— $5,389 $— 
Derivative liabilities (Note 11)
15 — 10 5 
Other liabilities (5)
198 — 198 — 
$5,602 $— $5,597 $5 
Fair Value at December 31, 2024
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$3,619 $3,619 $— $— 
Restricted cash31 31 — — 
Trade receivables from provisional concentrate sales993 — 993 — 
Assets held for sale (2)
1,840 — 1,168 672 
Equity method investments (Note 12) (3)
212 212 — — 
Marketable equity and other securities (Note 12)
305 305 — — 
Restricted marketable debt securities (Note 12)
15 15 — — 
Derivative assets (Note 11)
142 — — 142 
$7,157 $4,182 $2,161 $814 
Liabilities:
Debt (4)
$8,400 $— $8,400 $— 
Derivative liabilities (Note 11)
143 — 137 6 
Other liabilities (5)
51 — 51 — 
$8,594 $— $8,588 $6 
____________________________
(1)Cash and cash equivalents includes short-term deposits that have an original maturity of three months or less.
(2)Assets held for sale at September 30, 2025 and December 31, 2024 includes assets held for sale that were adjusted to their fair value, excluding costs to sell, of $166 and $1,840, respectively. The aggregate fair value, excluding costs to sell, of net assets held for sale subject to fair value remeasurement at September 30, 2025 and December 31, 2024 was $162 and $679, respectively.
(3)The Company's equity investment in Greatland Gold plc ("Greatland"), acquired through the sale of Telfer in the fourth quarter of 2024, is included in marketable equity and other securities at September 30, 2025 and in equity method investments under the fair value option at December 31, 2024. Refer to Note 12 for further information.
(4)Debt is recognized at amortized cost of $5,180 and $8,476 at September 30, 2025 and December 31, 2024, respectively. Refer to Note 15 for further information. The fair value measurement of debt presented above was based on an independent third-party pricing source.
(5)Consists of an option acquired through the sale of Telfer in the fourth quarter of 2024, for which the Company elected the fair value option. Refer to Note 12 for further information.
Quantitative and Qualitative Information
The following tables set forth a summary of the quantitative and qualitative information related to the significant observable and unobservable inputs used in the calculation of the Company’s Level 3 financial assets and liabilities at September 30, 2025 and December 31, 2024:
Description
At September 30, 2025
Valuation TechniqueSignificant InputRange, Point Estimate or AverageWeighted Average Discount Rate
Derivative assets:
Hedging instruments (1)
$151 Income approachForward power prices
A$33 - A$556
6.34%
Contingent consideration assets$213 Income approachDiscount rate
6.36% - 16.38%
6.77%
Derivative liabilities$5 Income approachDiscount rate
5.22% - 5.95%
5.66%
DescriptionAt December 31,
2024		Valuation TechniqueSignificant InputRange, Point Estimate or Average
Weighted Average Discount Rate
Assets held for sale$672 Income approach
Various (2)
Various (2)
Various (2)
Derivative assets:
Hedging instruments (1)
$94 Income approachForward power prices
A$43 - A$321
6.75%
Contingent consideration assets$47 Income approachDiscount rate
6.37% - 16.38%
10.67%
Derivative liabilities (1)
$5 Income approachDiscount rate
5.22% - 5.95%
5.66%
____________________________
(1)At September 30, 2025, the current and non-current portion of the Cadia Power Purchase Agreement ("Cadia PPA") of $7 and $144, respectively, are in an asset position. At December 31, 2024, the current portion of the Cadia PPA of $1 is in a liability position and the non-current portion of $95 is in an asset position. Amounts in an asset position are included in Derivative assets within the fair value hierarchy table and amounts in a liability position are included in Derivative liabilities within the fair value hierarchy table.
(2)Refer to Note 3 for information on the assumptions and inputs specific to the non-recurring fair value measurement performed relating to assets held for sale.
Changes in the Fair Value of the Company's Level 3 Financial Assets
The following tables set forth a summary of changes in the fair value of the Company’s recurring Level 3 financial assets and liabilities:
Derivative
Assets		Total AssetsDerivative
Liabilities		Total Liabilities
Fair value at December 31, 2024$142 $142 $6 $6 
Acquired through divestments (1)
168 168 — — 
Fair value changes in Other comprehensive income (loss)
56 56 (1)(1)
Fair value changes in Other income (loss), net
(2)(2)— — 
Fair value at September 30, 2025$364 $364 $5 $5 
Derivative
Assets		Total AssetsDerivative
Liabilities		Total Liabilities
Fair value at December 31, 2023$635 $635 $5 $5 
Sales and settlements (2)
(377)(377)— — 
Transfers out of Level 3 (3)
(76)(76)— — 
Fair value changes in Other comprehensive income (loss)
(43)(43)3 3 
Fair value changes in Other income (loss), net
3 3 — — 
Fair value changes in Net income (loss) from discontinued operations
11 11 — — 
Fair value at September 30, 2024$153 $153 $8 $8 
____________________________
(1)The Company acquired contingent consideration assets as part of the divestitures that occurred in 2025. Refer to Note 3 for further information.
(2)In the second quarter of 2024, the Company sold the Stream Credit Facility Agreement which was a non-revolving credit facility for the Fruta del Norte mine operated by Lundin Gold Inc. (“Lundin Gold”), in which the Company holds a 32% interest. In the third quarter of 2024, the company sold the Batu and Elang Contingent consideration assets.
(3)In the first quarter of 2024, certain amounts relating to the Batu Hijau contingent consideration asset were reclassified from a derivative to a receivable as a result of achieving certain contractual milestones.
Changes in the Fair Value of the Company's Level 3 Financial Liabilities
The following tables set forth a summary of changes in the fair value of the Company’s recurring Level 3 financial assets and liabilities:
Derivative
Assets		Total AssetsDerivative
Liabilities		Total Liabilities
Fair value at December 31, 2024$142 $142 $6 $6 
Acquired through divestments (1)
168 168 — — 
Fair value changes in Other comprehensive income (loss)
56 56 (1)(1)
Fair value changes in Other income (loss), net
(2)(2)— — 
Fair value at September 30, 2025$364 $364 $5 $5 
Derivative
Assets		Total AssetsDerivative
Liabilities		Total Liabilities
Fair value at December 31, 2023$635 $635 $5 $5 
Sales and settlements (2)
(377)(377)— — 
Transfers out of Level 3 (3)
(76)(76)— — 
Fair value changes in Other comprehensive income (loss)
(43)(43)3 3 
Fair value changes in Other income (loss), net
3 3 — — 
Fair value changes in Net income (loss) from discontinued operations
11 11 — — 
Fair value at September 30, 2024$153 $153 $8 $8 
____________________________
(1)The Company acquired contingent consideration assets as part of the divestitures that occurred in 2025. Refer to Note 3 for further information.
(2)In the second quarter of 2024, the Company sold the Stream Credit Facility Agreement which was a non-revolving credit facility for the Fruta del Norte mine operated by Lundin Gold Inc. (“Lundin Gold”), in which the Company holds a 32% interest. In the third quarter of 2024, the company sold the Batu and Elang Contingent consideration assets.
(3)In the first quarter of 2024, certain amounts relating to the Batu Hijau contingent consideration asset were reclassified from a derivative to a receivable as a result of achieving certain contractual milestones.
v3.25.3
DERIVATIVE INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
At September 30,
2025		At December 31,
2024
Current derivative assets: (1)
Hedging instruments$46 $— 
Contingent consideration assets (2)
13 — 
$59 $— 
Non-current derivative assets: (3)
Contingent consideration assets (2)
$200 $47 
Hedging instruments
156 95 
$356 $142 
Current derivative liabilities: (4)
Hedging instruments$7 $136 
Contingent consideration liabilities2 2 
$9 $138 
Non-current derivative liabilities: (5)
Contingent consideration liabilities$5 $5 
Hedging instruments1 — 
$6 $5 
____________________________
(1)Included in Other current assets.
(2)At September 30, 2025, includes contingent consideration assets acquired through the sales of certain reportable segments. Refer to Note 3 for further information.
(3)Included in Derivative assets.
(4)Included in Other current liabilities.
(5)Included in Other non-current liabilities.
The Company has implemented various hedge programs in which fixed forward contracts have been entered into to mitigate variability in the USD-functional cash flows associated with specific expenditures. These fixed forward contracts have been designated as foreign currency cash flow hedges for the related forecasted expenditures and were transacted for risk management purposes. Refer to the table below for a summary of these programs at September 30, 2025:
AUD-denominated capital expendituresAUD-denominated operating expendituresCAD-denominated operating expenditures
AUD-denominated capital expenditures
Status:
ActiveActiveActive
Matured (1)
Amount entered into: (2)
A$1,611A$3,825C$1,057A$574
Cash flow type:
Capital expenditures for construction and development
Operating expenditures
Operating expendituresCapital expenditures for construction and development
Incurred in the periods of:
October 2024 through December 2026
October 2024 through December 2026
October 2024 through December 2026
2023 through 2024
Related to:
Tanami Expansion 2 project; Cadia PC1-2 and PC2-3 ("Cadia Panel Caves"); and Cadia Tailings Project ("Cadia Tails")
Boddington, Tanami, and Cadia operating mines located in Australia
Brucejack and Red Chris operating mines located in Canada
Tanami Expansion 2 project
____________________________
(1)The hedge program matured in 2024 and a gain of $7 remains in Accumulated other comprehensive income (loss) as of September 30, 2025.
(2)In October 2025, the Company entered into an additional A$—, A$177, and C$32 relating to the active programs, respectively.
Schedule of Derivative Assets at Fair Value
The following table provides the fair value of the Company’s derivative instruments designated as cash flow hedges:
At September 30,
2025		At December 31,
2024
Hedging instrument assets:
Foreign currency cash flow hedges, current (1)
$39 $— 
Cadia PPA cash flow hedge, current (1)
7 — 
Cadia PPA cash flow hedge, non-current (2)
144 95 
Foreign currency cash flow hedges, non-current (2)
12 — 
$202 $95 
Hedging instrument liabilities:
Foreign currency cash flow hedges, current (3)
$7 $135 
Cadia PPA cash flow hedge, current (3)
— 1 
Foreign currency cash flow hedges, non-current (4)
1 — 
$8 $136 
____________________________
(1)Included in Other current assets.
(2)Included in Derivative assets.
(3)Included in Other current liabilities.
(4)Included in Other non-current liabilities.
Schedule of Losses (Gains) Recognized on Derivative Instruments
The following table provides the losses (gains) recognized in earnings related to the Company's derivative instruments:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Loss (gain) on cash flow hedges:
Interest rate contracts (1)
$53 $2 $56 $10 
Foreign currency cash flow hedges (2)
3 — 27 — 
Cadia PPA cash flow hedge (3)
2 3 5 3 
$58 $5 $88 $13 
____________________________
(1)As of September 30, 2025, amounts remaining in Accumulated other comprehensive income (loss) fully relate to the interest rate contracts on the 2042 Senior Notes with the related losses to be reclassified from Accumulated other comprehensive income (loss) and amortized to Interest expense, net of capitalized interest over the term of the notes. A loss of $3 is expected to be reclassified into earnings over the next 12 months. The actual amounts that will be reclassified to earnings could vary upon repurchase or exchange of the related long-term debt prior to maturity.
(2)As of September 30, 2025, a gain of $25 is expected to be reclassified out of Accumulated other comprehensive income (loss) into earnings over the next 12 months. The actual amounts that will be reclassified to earnings will vary due to future foreign currency exchange rates.
(3)As of September 30, 2025, a loss of $10 is expected to be reclassified out of Accumulated other comprehensive income (loss) into earnings over the next 12 months, which includes amounts related to the initial fair value that are reclassified from Accumulated other comprehensive income (loss) to earnings on a systematic basis over the 15-year term. The actual amounts that will be reclassified to earnings will vary due to future power prices and power generation volumes.
v3.25.3
INVESTMENTS (Tables)
 9 Months Ended
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments
At September 30,
2025		At December 31,
2024
Current investments:
Marketable equity and other securities (1)
$328 $21 
Non-current investments:
Marketable equity and other securities (2)(3)
$126 $309 
Equity method investments: 
Pueblo Viejo Mine (40%)
1,550 1,516 
NuevaUnión Project (50%)
967 961 
Lundin Gold (32%)
912 941 
Norte Abierto Project (50%)
548 532 
Greatland (20% at December 31, 2024) (1)
— 212 
3,977 4,162 
$4,103 $4,471 
Non-current restricted investments: (4)
Marketable debt and other securities$14 $15 
____________________________
(1)The Company's investment in Greatland, acquired through the sale of Telfer in the fourth quarter of 2024, is included in equity method investments under the fair value option at December 31, 2024 and in current marketable equity and other equity securities at September 30, 2025 as it no longer qualifies as an equity method investment with an ownership of 10% and loss of significance influence. Refer below for further information.
(2)In the third quarter of 2025, the Company sold its investment in Orla for net proceeds of $428.
(3)At September 30, 2025 and December 31, 2024, includes $25 accounted for under the measurement alternative.
(4)Non-current restricted investments are legally pledged for purposes of settling reclamation and remediation obligations and are included in Other non-current assets. Refer to Note 6 for further information regarding these amounts.
Equity Income (Loss) of Affiliates
The following table provides the income (loss) from the Company's equity method investments, recognized in Equity income (loss) of affiliates:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Pueblo Viejo (40%)
$73 $33 $132 $47 
Lundin Gold (32%)
51 24 115 16 
Other(1)3 3 1 
$123 $60 $250 $64 
v3.25.3
INVENTORIES (Tables)
 9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
Summary of Inventories
At September 30,
2025		At December 31,
2024
Materials and supplies$1,074 $1,081 
In-process150 118 
Concentrate189 148 
Precious metals91 76 
Inventories (1)
$1,504 $1,423 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Inventories of $185, were reclassified to Assets held for sale at December 31, 2024; no amounts related to Inventories were reclassified to Assets held for sale at September 30, 2025. Refer to Note 3 for additional information.
v3.25.3
STOCKPILES AND ORE ON LEACH PADS (Tables)
 9 Months Ended
Sep. 30, 2025
STOCKPILES AND ORE ON LEACH PADS  
Stockpiles and Ore on Leach Pads
At September 30, 2025 (1)
At December 31, 2024 (1)
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$682 $262 $944 $624 $137 $761 
Non-current2,370 151 2,521 2,072 194 2,266 
Total$3,052 $413 $3,465 $2,696 $331 $3,027 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Stockpiles and ore on leach pads of $374, were reclassified to Assets held for sale at December 31, 2024; no amounts related to Stockpiles and ore on leach pads were reclassified to Assets held for sale at September 30, 2025. Refer to Note 3 for additional information.
v3.25.3
DEBT (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Minimum Debt Repayments
Scheduled minimum debt repayments are as follows:
At September 30,
2025
Year Ending December 31,
2025 (for the remainder of 2025)
$— 
2026— 
2027— 
2028— 
2029269 
Thereafter5,146 
Total face value of debt outstanding5,415 
Unamortized premiums, discounts, and issuance costs(235)
Debt$5,180 
Schedule of Debt Instrument Redemption
The following table summarizes the redemptions:
Nine Months Ended
September 30, 2025
Settled Notional Amount
Total Repurchase Amount (1)
$1,000 5.30% Senior Notes due March 2026
$928 $957 
$700 2.80% Senior Notes due October 2029
369 355 
$650 3.25% Senior Notes due May 2030
177 170 
$1,000 2.25% Senior Notes due October 2030
623 575 
$1,000 2.60% Senior Notes due July 2032
32 27 
$600 5.875% Senior Notes due April 2035
83 87 
$1,100 6.250% Senior Notes due October 2039
595 666 
$500 5.750% Senior Notes due November 2041
182 192 
$1,000 4.875% Senior Notes due March 2042
387 379 
$3,376 $3,408 
____________________________
(1)Includes $51 of accrued interest and excludes $3 in third party fees.
v3.25.3
OTHER LIABILITIES (Tables)
 9 Months Ended
Sep. 30, 2025
Other Liabilities Disclosure [Abstract]  
Other Liabilities
At September 30,
2025		At December 31,
2024
Other current liabilities:
Reclamation and remediation liabilities$927 $991 
Accrued operating costs (1)
427 468 
Accrued capital expenditures235 208 
Greatland Option (2)
198 — 
Accrued royalties188 165 
Payables to NGM (3)
110 115 
Accrued interest72 97 
Hedging instruments (Note 11)
7 136 
Other (4)
336 301 
$2,500 $2,481 
Other non-current liabilities:
Income and mining taxes (5)
$155 $125 
Indemnification liabilities (6)
56 17 
Other (2)(7)
128 146 
$339 $288 
____________________________
(1)In the first quarter of 2025, the Company paid $116 to the Worsley JV related to the waiver of certain rights within the cross-operation agreement that confers priority to the bauxite operations at the Boddington mine. This payment is included in other investing activities in the Condensed Consolidated Statement of Cash Flows.
(2)The Greatland Option was acquired through the sale of Telfer in the fourth quarter of 2024 and accounted for under the fair value option. The option was included in Other non-current liabilities at December 31, 2024 for $51. Refer to Note 12 for further information.
(3)Primarily consists of amounts due to NGM representing Barrick Mining Corporation's (“Barrick”) 61.5% proportionate share of the amount owed to NGM for gold and silver purchased by Newmont. Newmont’s 38.5% share of such amounts is eliminated upon proportionate consolidation of its interest in NGM. Receivables for Newmont's 38.5% proportionate share related to NGM's activities with Barrick are included in Other current assets.
(4)Primarily consists of the current portion of the silver streaming agreement liability.
(5)Primarily consists of unrecognized tax benefits, including penalties and interest.
(6)Primarily consists of the indemnification recognized related to the sale of CC&V. Refer to Note 3 for further information.
(7)Primarily consists of the non-current portion of operating lease liabilities.
v3.25.3
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​​ (Tables)
 9 Months Ended
Sep. 30, 2025
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Change in Accumulated Other Comprehensive Income (Loss)
Unrealized Gain (Loss) on Hedge InstrumentsOther AdjustmentsTotal
Balance at December 31, 2024$(193)$98 $(95)
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications125 (10)115 
(Gain) loss reclassified from accumulated other comprehensive income (loss)
88 1 89 
Other comprehensive income (loss)213 (9)204 
Balance at September 30, 2025$20 $89 $109 
v3.25.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Unusual Risk or Uncertainty [Line Items]      
Property, plant and mine development, net $ 33,621 $ 33,547  
Assets 54,690 $ 56,349 $ 56,175
Conga Mill      
Unusual Risk or Uncertainty [Line Items]      
Assets $ 890    
Asset care and maintenance period (in years) 10 years    
Yanacocha      
Unusual Risk or Uncertainty [Line Items]      
Property, plant and mine development, net $ 1,076    
Yanacocha | Asset under Construction      
Unusual Risk or Uncertainty [Line Items]      
Property, plant and mine development, net $ 827    
v3.25.3
DIVESTITURES - Narrative (Details)
$ in Millions
 1 Months Ended 3 Months Ended 9 Months Ended
Apr. 15, 2025
USD ($)
installment
Feb. 29, 2024
asset
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Feb. 28, 2025
USD ($)
payment
installment
Dec. 31, 2024
oz
num-dot-decimal
Disposal group                
Gain on sale     $ 99.0 $ (115.0) $ 1,074.0 $ (846.0)    
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program                
Disposal group                
Disposal group, number of non-core assets to be divested | asset   6            
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Measurement Input, Long-Term Gold Price | Valuation, Income Approach                
Disposal group                
Other assets, measurement input | oz               1,900
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Discount Rate | Valuation, Income Approach                
Disposal group                
Other assets, measurement input | num-dot-decimal               0.0975
Discontinued operations disposed of by sale                
Disposal group                
Value of consideration received     3,373.0   3,373.0      
Discontinued operations disposed of by sale | CC&V                
Disposal group                
Deferred compensation receivable             $ 175.0  
Deferred compensation, number of installments | installment             2  
Deferred compensation receivable, installment amount             87.5  
Indemnification coverage, percent             0.90  
Indemnification cost threshold             $ 500.0  
Indemnification lump sum settlement option | payment             1  
Value of consideration received     263.0   263.0      
Discontinued operations disposed of by sale | Musselwhite                
Disposal group                
Deferred compensation receivable             $ 40.0  
Deferred compensation, number of installments | installment             2  
Deferred compensation receivable, installment amount             20.0  
Value of consideration received     813.0   813.0      
Discontinued operations disposed of by sale | Porcupine                
Disposal group                
Deferred compensation receivable $ 150.0              
Deferred compensation, number of installments | installment 4              
Value of consideration received $ 233.0   541.0   541.0      
Discontinued operations disposed of by sale | Akyem                
Disposal group                
Deferred compensation receivable 100.0              
Value of consideration received     972.0   $ 972.0      
Indemnification obligation cap $ 200.0              
Indemnification claim period (in years) 5 years              
Gain on sale     $ 35.0          
v3.25.3
DIVESTITURES - Summary of Consideration Received on Divestitures (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 21 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Apr. 15, 2025
Disposal group              
Gain on completed sales $ 0   $ 0 $ 904 $ 0    
Discontinued operations disposed of by sale              
Disposal group              
Cash received, net of working capital adjustments 2,781     2,781   $ 2,781  
Deferred consideration received 359     359   359  
Equity consideration 233     233   233  
Value of consideration received 3,373     3,373   3,373  
Less: Carrying value of net assets divested (2,385)     (2,385)   (2,385)  
Less: Indemnification provided (84)     (84)   (84)  
Gain on completed sales       904      
Discontinued operations disposed of by sale | CC&V              
Disposal group              
Cash received, net of working capital adjustments 109     109   109  
Deferred consideration received 154     154   154  
Equity consideration 0     0   0  
Value of consideration received 263     263   263  
Less: Carrying value of net assets divested (196)     (196)   (196)  
Less: Indemnification provided (65)     (65)   (65)  
Gain on completed sales       2   (15)  
Discontinued operations disposed of by sale | Musselwhite              
Disposal group              
Cash received, net of working capital adjustments 799     799   799  
Deferred consideration received 14     14   14  
Equity consideration 0     0   0  
Value of consideration received 813     813   813  
Less: Carrying value of net assets divested (794)     (794)   (794)  
Less: Indemnification provided 0     0   0  
Gain on completed sales       19      
Discontinued operations disposed of by sale | Porcupine              
Disposal group              
Cash received, net of working capital adjustments 201     201   201  
Deferred consideration received 107     107   107  
Equity consideration 233     233   233  
Value of consideration received 541     541   541 $ 233
Less: Carrying value of net assets divested (513)     (513)   (513)  
Less: Indemnification provided 0     0   0  
Gain on completed sales   $ 28   28   (358)  
Loss reversal on disposition of assets   $ 76          
Gain on disposition of assets, including loss reversal       104      
Discontinued operations disposed of by sale | Eleonore              
Disposal group              
Cash received, net of working capital adjustments 784     784   784  
Deferred consideration received 0     0   0  
Equity consideration 0     0   0  
Value of consideration received 784     784   784  
Less: Carrying value of net assets divested (612)     (612)   (612)  
Less: Indemnification provided 0     0   0  
Gain on completed sales       172      
Discontinued operations disposed of by sale | Akyem              
Disposal group              
Cash received, net of working capital adjustments 888     888   888  
Deferred consideration received 84     84   84  
Equity consideration 0     0   0  
Value of consideration received 972     972   972  
Less: Carrying value of net assets divested (270)     (270)   (270)  
Less: Indemnification provided $ (19)     (19)   $ (19)  
Gain on completed sales       $ 683      
v3.25.3
DIVESTITURES - Schedule of (Gain) Loss on Sale of Assets Held for Sale (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]        
(Gain) on completed sales $ 0 $ 0 $ (904) $ 0
(Reversal of write-downs) write-downs on assets held for sale (65) 115 (141) 624
Tax impact (29) 0 (46) 222
Other (5) 0 17 0
(Gain) loss on sale of assets held for sale (Note 3) $ (99) $ 115 $ (1,074) $ 846
v3.25.3
DIVESTITURES - Schedule of Carrying Values of Assets and Liabilities Held for Sale (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Disposal group          
(Gain) loss on sale of assets held for sale (Note 3) $ (99) $ 115 $ (1,074) $ 846  
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program          
Disposal group          
(Gain) loss on sale of assets held for sale (Note 3)     155   $ 699
Net book value of assets held for sale 162   162   2,432
Assets held for sale:          
Property, plant and mine development, net         4,439
Other assets         869
Carrying value of assets held for sale         5,308
Liabilities held for sale:          
Reclamation and remediation liabilities         1,496
Other liabilities         681
Carrying value of liabilities held for sale         2,177
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Operating Segments | CC&V          
Assets held for sale:          
Property, plant and mine development, net         170
Other assets         408
Carrying value of assets held for sale         578
Liabilities held for sale:          
Reclamation and remediation liabilities         334
Other liabilities         37
Carrying value of liabilities held for sale         371
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Operating Segments | Musselwhite          
Assets held for sale:          
Property, plant and mine development, net         1,063
Other assets         39
Carrying value of assets held for sale         1,102
Liabilities held for sale:          
Reclamation and remediation liabilities         82
Other liabilities         257
Carrying value of liabilities held for sale         339
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Operating Segments | Porcupine          
Assets held for sale:          
Property, plant and mine development, net         1,541
Other assets         93
Carrying value of assets held for sale         1,634
Liabilities held for sale:          
Reclamation and remediation liabilities         563
Other liabilities         223
Carrying value of liabilities held for sale         786
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Operating Segments | Eleonore          
Assets held for sale:          
Property, plant and mine development, net         785
Other assets         70
Carrying value of assets held for sale         855
Liabilities held for sale:          
Reclamation and remediation liabilities         87
Other liabilities         71
Carrying value of liabilities held for sale         158
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Operating Segments | Akyem          
Assets held for sale:          
Property, plant and mine development, net         559
Other assets         258
Carrying value of assets held for sale         817
Liabilities held for sale:          
Reclamation and remediation liabilities         427
Other liabilities         91
Carrying value of liabilities held for sale         518
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Corporate and Other          
Assets held for sale:          
Property, plant and mine development, net 321   321   321
Other assets         1
Carrying value of assets held for sale 321   321   322
Liabilities held for sale:          
Reclamation and remediation liabilities 3   3   3
Other liabilities 1   1   2
Carrying value of liabilities held for sale $ 4   $ 4   $ 5
v3.25.3
SEGMENT INFORMATION - Narrative (Details)
 9 Months Ended
Sep. 30, 2025
mining_operation
Segment Reporting Information [Line Items]  
Number of reportable segments 11
Red Chris  
Segment Reporting Information [Line Items]  
Ownership interest (as a percent) 70.00%
NGM  
Segment Reporting Information [Line Items]  
Ownership interest (as a percent) 38.50%
v3.25.3
SEGMENT INFORMATION - Financial Information of Company's Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]          
Sales $ 5,524 $ 4,605 $ 15,851 $ 13,030  
Costs Applicable to Sales [1] 1,951 2,310 6,058 6,572  
Depreciation and Amortization 643 631 1,856 1,887  
Reclamation and remediation 123 132 299 324  
Advanced Projects, Research and Development and Exploration 105 121 298 333  
Other Segment Expenses (Income) 195 352 (756) 1,391  
Income (Loss) before Income and Mining Tax and Other Items 2,507 1,059 8,096 2,523  
Total Assets 54,690 56,175 54,690 56,175 $ 56,349
Capital Expenditures 736 880 2,233 2,472  
Additional disclosures          
Increase (decrease) in accrued capital expenditures 9 3 6 (55)  
Consolidated capital expenditures on a cash basis 727 877 2,227 2,527  
Operating Segments          
Segment Reporting Information [Line Items]          
Sales 5,524 4,605 15,223 13,030  
Costs Applicable to Sales 1,951 2,309 5,746 6,571  
Depreciation and Amortization 618 620 1,792 1,852  
Reclamation and remediation 70 84 210 248  
Advanced Projects, Research and Development and Exploration 70 73 172 195  
Other Segment Expenses (Income) 38 180 169 614  
Income (Loss) before Income and Mining Tax and Other Items 2,777 1,339 7,134 3,550  
Total Assets 42,559 47,292 42,559 47,292  
Capital Expenditures 731 873 2,129 2,457  
Operating Segments | Ahafo | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 516 551 1,747 1,354  
Costs Applicable to Sales 195 192 643 527  
Depreciation and Amortization 45 55 143 161  
Reclamation and remediation 2 2 6 6  
Advanced Projects, Research and Development and Exploration 16 14 41 31  
Other Segment Expenses (Income) 7 (5) (6) (27)  
Income (Loss) before Income and Mining Tax and Other Items 251 293 920 656  
Total Assets 2,965 3,290 2,965 3,290  
Capital Expenditures 122 102 369 273  
Operating Segments | Brucejack | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 272 252 566 430  
Costs Applicable to Sales 91 98 265 236  
Depreciation and Amortization 53 70 141 141  
Reclamation and remediation 1 1 4 2  
Advanced Projects, Research and Development and Exploration 8 7 13 8  
Other Segment Expenses (Income) 3 1 7 1  
Income (Loss) before Income and Mining Tax and Other Items 116 75 136 42  
Total Assets 2,622 4,200 2,622 4,200  
Capital Expenditures 36 17 77 52  
Operating Segments | Red Chris | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 124 75 355 219  
Costs Applicable to Sales 71 92 190 170  
Depreciation and Amortization 20 29 54 52  
Reclamation and remediation 2 1 6 2  
Advanced Projects, Research and Development and Exploration 3 5 8 9  
Other Segment Expenses (Income) 1 (4) (1) (3)  
Income (Loss) before Income and Mining Tax and Other Items 27 (48) 98 (11)  
Total Assets 2,642 2,367 2,642 2,367  
Capital Expenditures 47 41 117 125  
Operating Segments | Red Chris | Gold | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 55 24 150 59  
Costs Applicable to Sales 23 21 61 35  
Depreciation and Amortization 6 7 17 11  
Operating Segments | Red Chris | Copper | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 69 51 205 160  
Costs Applicable to Sales 48 71 129 135  
Depreciation and Amortization 14 22 37 41  
Operating Segments | Peñasquito | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 918 475 2,510 1,503  
Costs Applicable to Sales 344 273 901 837  
Depreciation and Amortization 130 107 380 326  
Reclamation and remediation 5 5 16 15  
Advanced Projects, Research and Development and Exploration 4 2 12 7  
Other Segment Expenses (Income) 14 37 44 42  
Income (Loss) before Income and Mining Tax and Other Items 421 51 1,157 276  
Total Assets 4,569 4,686 4,569 4,686  
Capital Expenditures 26 32 82 90  
Operating Segments | Peñasquito | Gold | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 382 144 1,188 385  
Costs Applicable to Sales 97 54 303 145  
Depreciation and Amortization 38 22 134 59  
Operating Segments | Peñasquito | Silver | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 293 147 672 557  
Costs Applicable to Sales 96 75 218 282  
Depreciation and Amortization 38 32 95 117  
Operating Segments | Peñasquito | Lead | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 52 32 137 136  
Costs Applicable to Sales 33 26 75 88  
Depreciation and Amortization 13 10 33 36  
Operating Segments | Peñasquito | Zinc | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 191 152 513 425  
Costs Applicable to Sales 118 118 305 322  
Depreciation and Amortization 41 43 118 114  
Operating Segments | Merian | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 159 158 523 455  
Costs Applicable to Sales 78 113 272 299  
Depreciation and Amortization 17 24 54 63  
Reclamation and remediation 2 1 4 3  
Advanced Projects, Research and Development and Exploration 10 6 30 15  
Other Segment Expenses (Income) 0 1 0 2  
Income (Loss) before Income and Mining Tax and Other Items 52 13 163 73  
Total Assets 968 935 968 935  
Capital Expenditures 16 14 42 64  
Operating Segments | Cerro Negro | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 207 150 427 368  
Costs Applicable to Sales 83 91 233 224  
Depreciation and Amortization 34 31 88 83  
Reclamation and remediation 1 1 4 3  
Advanced Projects, Research and Development and Exploration 8 4 19 12  
Other Segment Expenses (Income) 3 3 13 11  
Income (Loss) before Income and Mining Tax and Other Items 78 20 70 35  
Total Assets 1,818 1,763 1,818 1,763  
Capital Expenditures 31 58 114 135  
Operating Segments | Yanacocha | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 530 220 1,255 587  
Costs Applicable to Sales 117 96 329 261  
Depreciation and Amortization 30 23 86 74  
Reclamation and remediation 46 47 134 143  
Advanced Projects, Research and Development and Exploration 4 2 8 8  
Other Segment Expenses (Income) (9) (6) 11 1  
Income (Loss) before Income and Mining Tax and Other Items 342 58 687 100  
Total Assets 2,265 1,905 2,265 1,905  
Capital Expenditures 7 21 15 54  
Operating Segments | Boddington | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 526 399 1,557 1,181  
Costs Applicable to Sales 192 180 604 560  
Depreciation and Amortization 37 34 112 104  
Reclamation and remediation 4 4 12 10  
Advanced Projects, Research and Development and Exploration 0 1 3 3  
Other Segment Expenses (Income) 7 6 23 (2)  
Income (Loss) before Income and Mining Tax and Other Items 286 174 803 506  
Total Assets 2,488 2,466 2,488 2,466  
Capital Expenditures 31 34 102 91  
Operating Segments | Boddington | Gold | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 471 326 1,361 945  
Costs Applicable to Sales 166 136 502 419  
Depreciation and Amortization 32 25 93 77  
Operating Segments | Boddington | Copper | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 55 73 196 236  
Costs Applicable to Sales 26 44 102 141  
Depreciation and Amortization 5 9 19 27  
Operating Segments | Tanami | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 366 248 873 667  
Costs Applicable to Sales 121 98 318 281  
Depreciation and Amortization 34 30 90 88  
Reclamation and remediation 0 1 2 2  
Advanced Projects, Research and Development and Exploration 2 8 8 23  
Other Segment Expenses (Income) 4 12 21 13  
Income (Loss) before Income and Mining Tax and Other Items 205 99 434 260  
Total Assets 2,546 2,133 2,546 2,133  
Capital Expenditures 145 108 392 298  
Operating Segments | Cadia | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 538 503 1,661 1,436  
Costs Applicable to Sales 141 160 459 445  
Depreciation and Amortization 54 61 186 182  
Reclamation and remediation 1 0 4 2  
Advanced Projects, Research and Development and Exploration 2 3 6 12  
Other Segment Expenses (Income) 7 12 41 5  
Income (Loss) before Income and Mining Tax and Other Items 333 267 965 790  
Total Assets 6,489 6,492 6,489 6,492  
Capital Expenditures 139 155 412 400  
Operating Segments | Cadia | Gold | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 343 298 1,029 843  
Costs Applicable to Sales 74 80 239 231  
Depreciation and Amortization 28 30 95 91  
Operating Segments | Cadia | Copper | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 195 205 632 593  
Costs Applicable to Sales 67 80 220 214  
Depreciation and Amortization 26 31 91 91  
Operating Segments | Lihir | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 475 317 1,447 1,039  
Costs Applicable to Sales 202 206 565 539  
Depreciation and Amortization 50 37 141 115  
Reclamation and remediation 3 1 10 3  
Advanced Projects, Research and Development and Exploration 5 2 8 12  
Other Segment Expenses (Income) 7 5 21 15  
Income (Loss) before Income and Mining Tax and Other Items 208 66 702 355  
Total Assets 5,764 4,145 5,764 4,145  
Capital Expenditures 36 44 117 139  
Operating Segments | NGM | Continuing Operations          
Segment Reporting Information [Line Items]          
Sales 893 611 2,302 1,760  
Costs Applicable to Sales 316 320 967 941  
Depreciation and Amortization 114 103 317 313  
Reclamation and remediation 3 3 8 9  
Advanced Projects, Research and Development and Exploration 8 5 16 17  
Other Segment Expenses (Income) (6) 2 (5) 10  
Income (Loss) before Income and Mining Tax and Other Items 458 178 999 470  
Total Assets 7,423 7,446 7,423 7,446  
Capital Expenditures 95 103 290 347  
Operating Segments | CC&V | Discontinued Operations          
Segment Reporting Information [Line Items]          
Sales 0 94 88 231  
Costs Applicable to Sales   54 39 139  
Depreciation and Amortization   3 2 10  
Reclamation and remediation   2 2 8  
Advanced Projects, Research and Development and Exploration   1 0 4  
Other Segment Expenses (Income)   1 (3) 105  
Income (Loss) before Income and Mining Tax and Other Items   33 48 (35)  
Total Assets 0 478 0 478  
Capital Expenditures   7 5 20  
Operating Segments | Musselwhite | Discontinued Operations          
Segment Reporting Information [Line Items]          
Sales 0 124 94 357  
Costs Applicable to Sales   50 33 163  
Depreciation and Amortization   0 0 18  
Reclamation and remediation   1 1 3  
Advanced Projects, Research and Development and Exploration   1 0 4  
Other Segment Expenses (Income)   1 (18) 83  
Income (Loss) before Income and Mining Tax and Other Items   71 78 86  
Total Assets 0 1,026 0 1,026  
Capital Expenditures   27 14 74  
Operating Segments | Porcupine | Discontinued Operations          
Segment Reporting Information [Line Items]          
Sales 0 172 177 503  
Costs Applicable to Sales   78 79 235  
Depreciation and Amortization   2 1 34  
Reclamation and remediation   4 6 13  
Advanced Projects, Research and Development and Exploration   2 1 5  
Other Segment Expenses (Income)   0 20 245  
Income (Loss) before Income and Mining Tax and Other Items   86 70 (29)  
Total Assets 0 1,432 0 1,432  
Capital Expenditures   64 54 159  
Operating Segments | Eleonore | Discontinued Operations          
Segment Reporting Information [Line Items]          
Sales 0 129 138 392  
Costs Applicable to Sales   70 54 239  
Depreciation and Amortization   0 0 21  
Reclamation and remediation   1 1 3  
Advanced Projects, Research and Development and Exploration   3 2 8  
Other Segment Expenses (Income)   0 (171) 0  
Income (Loss) before Income and Mining Tax and Other Items   55 252 121  
Total Assets 0 897 0 897  
Capital Expenditures   27 12 77  
Operating Segments | Telfer | Discontinued Operations          
Segment Reporting Information [Line Items]          
Sales 0 13 0 168  
Costs Applicable to Sales   43   223  
Depreciation and Amortization   1   16  
Reclamation and remediation   6   11  
Advanced Projects, Research and Development and Exploration   6   12  
Other Segment Expenses (Income)   115   118  
Income (Loss) before Income and Mining Tax and Other Items   (158)   (212)  
Total Assets   831   831  
Capital Expenditures   15   39  
Operating Segments | Telfer | Gold | Discontinued Operations          
Segment Reporting Information [Line Items]          
Sales   13   154  
Costs Applicable to Sales   39   192  
Depreciation and Amortization   1   13  
Operating Segments | Telfer | Copper | Discontinued Operations          
Segment Reporting Information [Line Items]          
Sales   0   14  
Costs Applicable to Sales   4   31  
Depreciation and Amortization   0   3  
Operating Segments | Akyem | Discontinued Operations          
Segment Reporting Information [Line Items]          
Sales 0 114 131 380  
Costs Applicable to Sales   95 107 252  
Depreciation and Amortization   10 3 51  
Reclamation and remediation   3 5 10  
Advanced Projects, Research and Development and Exploration   1 0 5  
Other Segment Expenses (Income)   (1) (683) (5)  
Income (Loss) before Income and Mining Tax and Other Items   6 699 67  
Total Assets 0 800 0 800  
Capital Expenditures   4 9 20  
Corporate and Other          
Segment Reporting Information [Line Items]          
Sales 0 0 0 0  
Costs Applicable to Sales 0 1 0 1  
Depreciation and Amortization 25 11 58 35  
Reclamation and remediation 53 48 74 76  
Advanced Projects, Research and Development and Exploration 35 48 123 138  
Other Segment Expenses (Income) 157 172 (70) 777  
Income (Loss) before Income and Mining Tax and Other Items (270) (280) (185) (1,027)  
Total Assets 12,131 8,883 12,131 8,883  
Capital Expenditures $ 5 $ 7 $ 10 $ 15  
[1] Excludes Depreciation and amortization and Reclamation and remediation.
v3.25.3
SALES - Schedule of sales by mining operation, product and inventory type (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
SALES        
Revenue $ 5,524 $ 4,605 $ 15,851 $ 13,030
Gold Sales from Doré Production        
SALES        
Revenue 3,451 3,121 9,873 8,635
Sales from Concentrate and Other Production        
SALES        
Revenue 2,073 1,484 5,978 4,395
Operating Segments        
SALES        
Revenue 5,524 4,605 15,223 13,030
Operating Segments | Ahafo | Continuing Operations        
SALES        
Revenue 516 551 1,747 1,354
Operating Segments | Brucejack | Continuing Operations        
SALES        
Revenue 272 252 566 430
Operating Segments | Red Chris | Continuing Operations        
SALES        
Revenue 124 75 355 219
Operating Segments | Red Chris | Continuing Operations | Red Chris Gold Subsegment        
SALES        
Revenue 55 24 150 59
Operating Segments | Red Chris | Continuing Operations | Red Chris Copper Subsegment        
SALES        
Revenue 69 51 205 160
Operating Segments | Peñasquito | Continuing Operations        
SALES        
Revenue 918 475 2,510 1,503
Operating Segments | Peñasquito | Continuing Operations | Penasquito Gold        
SALES        
Revenue 382 144 1,188 385
Operating Segments | Peñasquito | Continuing Operations | Pensaquito Silver        
SALES        
Revenue 293 147 672 557
Operating Segments | Peñasquito | Continuing Operations | Penasquito Lead        
SALES        
Revenue 52 32 137 136
Operating Segments | Peñasquito | Continuing Operations | Penasquito Zinc        
SALES        
Revenue 191 152 513 425
Operating Segments | Merian | Continuing Operations        
SALES        
Revenue 159 158 523 455
Operating Segments | Cerro Negro | Continuing Operations        
SALES        
Revenue 207 150 427 368
Operating Segments | Yanacocha | Continuing Operations        
SALES        
Revenue 530 220 1,255 587
Operating Segments | Boddington | Continuing Operations        
SALES        
Revenue 526 399 1,557 1,181
Operating Segments | Boddington | Continuing Operations | Boddington Gold        
SALES        
Revenue 471 326 1,361 945
Operating Segments | Boddington | Continuing Operations | Boddington Copper        
SALES        
Revenue 55 73 196 236
Operating Segments | Tanami | Continuing Operations        
SALES        
Revenue 366 248 873 667
Operating Segments | Cadia | Continuing Operations        
SALES        
Revenue 538 503 1,661 1,436
Operating Segments | Cadia | Continuing Operations | Cadia Gold Subsegment        
SALES        
Revenue 343 298 1,029 843
Operating Segments | Cadia | Continuing Operations | Cadia Copper Subsegment        
SALES        
Revenue 195 205 632 593
Operating Segments | Lihir | Continuing Operations        
SALES        
Revenue 475 317 1,447 1,039
Operating Segments | NGM | Continuing Operations        
SALES        
Revenue 893 611 2,302 1,760
Operating Segments | CC&V | Discontinued Operations        
SALES        
Revenue 0 94 88 231
Operating Segments | Musselwhite | Discontinued Operations        
SALES        
Revenue 0 124 94 357
Operating Segments | Porcupine | Discontinued Operations        
SALES        
Revenue 0 172 177 503
Operating Segments | Eleonore | Discontinued Operations        
SALES        
Revenue 0 129 138 392
Operating Segments | Telfer | Discontinued Operations        
SALES        
Revenue 0 13 0 168
Operating Segments | Telfer | Discontinued Operations | Telfer Gold Subsegment        
SALES        
Revenue 0 13 0 154
Operating Segments | Telfer | Discontinued Operations | Telfer Copper Subsegment        
SALES        
Revenue 0 0 0 14
Operating Segments | Akyem | Discontinued Operations        
SALES        
Revenue 0 114 131 380
Operating Segments | Gold Sales from Doré Production | Ahafo | Continuing Operations        
SALES        
Revenue 516 551 1,747 1,354
Operating Segments | Gold Sales from Doré Production | Brucejack | Continuing Operations        
SALES        
Revenue 195 161 384 291
Operating Segments | Gold Sales from Doré Production | Red Chris | Continuing Operations        
SALES        
Revenue 0 0 0 0
Operating Segments | Gold Sales from Doré Production | Red Chris | Continuing Operations | Red Chris Gold Subsegment        
SALES        
Revenue 0 0 0 0
Operating Segments | Gold Sales from Doré Production | Red Chris | Continuing Operations | Red Chris Copper Subsegment        
SALES        
Revenue 0 0 0 0
Operating Segments | Gold Sales from Doré Production | Peñasquito | Continuing Operations        
SALES        
Revenue 0 0 0 0
Operating Segments | Gold Sales from Doré Production | Peñasquito | Continuing Operations | Penasquito Gold        
SALES        
Revenue 0 0 0 0
Operating Segments | Gold Sales from Doré Production | Peñasquito | Continuing Operations | Pensaquito Silver        
SALES        
Revenue 0 0 0 0
Operating Segments | Gold Sales from Doré Production | Peñasquito | Continuing Operations | Penasquito Lead        
SALES        
Revenue 0 0 0 0
Operating Segments | Gold Sales from Doré Production | Peñasquito | Continuing Operations | Penasquito Zinc        
SALES        
Revenue 0 0 0 0
Operating Segments | Gold Sales from Doré Production | Merian | Continuing Operations        
SALES        
Revenue 157 151 513 435
Operating Segments | Gold Sales from Doré Production | Cerro Negro | Continuing Operations        
SALES        
Revenue 207 150 427 368
Operating Segments | Gold Sales from Doré Production | Yanacocha | Continuing Operations        
SALES        
Revenue 524 216 1,232 580
Operating Segments | Gold Sales from Doré Production | Boddington | Continuing Operations        
SALES        
Revenue 125 89 342 254
Operating Segments | Gold Sales from Doré Production | Boddington | Continuing Operations | Boddington Gold        
SALES        
Revenue 125 89 342 254
Operating Segments | Gold Sales from Doré Production | Boddington | Continuing Operations | Boddington Copper        
SALES        
Revenue 0 0 0 0
Operating Segments | Gold Sales from Doré Production | Tanami | Continuing Operations        
SALES        
Revenue 366 248 873 667
Operating Segments | Gold Sales from Doré Production | Cadia | Continuing Operations        
SALES        
Revenue 40 25 104 90
Operating Segments | Gold Sales from Doré Production | Cadia | Continuing Operations | Cadia Gold Subsegment        
SALES        
Revenue 40 25 104 90
Operating Segments | Gold Sales from Doré Production | Cadia | Continuing Operations | Cadia Copper Subsegment        
SALES        
Revenue 0 0 0 0
Operating Segments | Gold Sales from Doré Production | Lihir | Continuing Operations        
SALES        
Revenue 475 317 1,447 1,039
Operating Segments | Gold Sales from Doré Production | NGM | Continuing Operations        
SALES        
Revenue 846 574 2,176 1,664
Operating Segments | Gold Sales from Doré Production | CC&V | Discontinued Operations        
SALES        
Revenue 0 94 88 231
Operating Segments | Gold Sales from Doré Production | Musselwhite | Discontinued Operations        
SALES        
Revenue 0 124 94 357
Operating Segments | Gold Sales from Doré Production | Porcupine | Discontinued Operations        
SALES        
Revenue 0 172 177 503
Operating Segments | Gold Sales from Doré Production | Eleonore | Discontinued Operations        
SALES        
Revenue 0 129 138 392
Operating Segments | Gold Sales from Doré Production | Telfer | Discontinued Operations        
SALES        
Revenue 0 6 0 30
Operating Segments | Gold Sales from Doré Production | Telfer | Discontinued Operations | Telfer Gold Subsegment        
SALES        
Revenue 0 6 0 30
Operating Segments | Gold Sales from Doré Production | Telfer | Discontinued Operations | Telfer Copper Subsegment        
SALES        
Revenue 0 0 0 0
Operating Segments | Gold Sales from Doré Production | Akyem | Discontinued Operations        
SALES        
Revenue 0 114 131 380
Operating Segments | Sales from Concentrate and Other Production | Ahafo | Continuing Operations        
SALES        
Revenue 0 0 0 0
Operating Segments | Sales from Concentrate and Other Production | Brucejack | Continuing Operations        
SALES        
Revenue 77 91 182 139
Operating Segments | Sales from Concentrate and Other Production | Red Chris | Continuing Operations        
SALES        
Revenue 124 75 355 219
Operating Segments | Sales from Concentrate and Other Production | Red Chris | Continuing Operations | Red Chris Gold Subsegment        
SALES        
Revenue 55 24 150 59
Operating Segments | Sales from Concentrate and Other Production | Red Chris | Continuing Operations | Red Chris Copper Subsegment        
SALES        
Revenue 69 51 205 160
Operating Segments | Sales from Concentrate and Other Production | Peñasquito | Continuing Operations        
SALES        
Revenue 918 475 2,510 1,503
Operating Segments | Sales from Concentrate and Other Production | Peñasquito | Continuing Operations | Penasquito Gold        
SALES        
Revenue 382 144 1,188 385
Operating Segments | Sales from Concentrate and Other Production | Peñasquito | Continuing Operations | Pensaquito Silver        
SALES        
Revenue 293 147 672 557
Operating Segments | Sales from Concentrate and Other Production | Peñasquito | Continuing Operations | Penasquito Lead        
SALES        
Revenue 52 32 137 136
Operating Segments | Sales from Concentrate and Other Production | Peñasquito | Continuing Operations | Penasquito Zinc        
SALES        
Revenue 191 152 513 425
Operating Segments | Sales from Concentrate and Other Production | Merian | Continuing Operations        
SALES        
Revenue 2 7 10 20
Operating Segments | Sales from Concentrate and Other Production | Cerro Negro | Continuing Operations        
SALES        
Revenue 0 0 0 0
Operating Segments | Sales from Concentrate and Other Production | Yanacocha | Continuing Operations        
SALES        
Revenue 6 4 23 7
Operating Segments | Sales from Concentrate and Other Production | Boddington | Continuing Operations        
SALES        
Revenue 401 310 1,215 927
Operating Segments | Sales from Concentrate and Other Production | Boddington | Continuing Operations | Boddington Gold        
SALES        
Revenue 346 237 1,019 691
Operating Segments | Sales from Concentrate and Other Production | Boddington | Continuing Operations | Boddington Copper        
SALES        
Revenue 55 73 196 236
Operating Segments | Sales from Concentrate and Other Production | Tanami | Continuing Operations        
SALES        
Revenue 0 0 0 0
Operating Segments | Sales from Concentrate and Other Production | Cadia | Continuing Operations        
SALES        
Revenue 498 478 1,557 1,346
Operating Segments | Sales from Concentrate and Other Production | Cadia | Continuing Operations | Cadia Gold Subsegment        
SALES        
Revenue 303 273 925 753
Operating Segments | Sales from Concentrate and Other Production | Cadia | Continuing Operations | Cadia Copper Subsegment        
SALES        
Revenue 195 205 632 593
Operating Segments | Sales from Concentrate and Other Production | Lihir | Continuing Operations        
SALES        
Revenue 0 0 0 0
Operating Segments | Sales from Concentrate and Other Production | NGM | Continuing Operations        
SALES        
Revenue 47 37 126 96
Operating Segments | Sales from Concentrate and Other Production | CC&V | Discontinued Operations        
SALES        
Revenue 0 0 0 0
Operating Segments | Sales from Concentrate and Other Production | Musselwhite | Discontinued Operations        
SALES        
Revenue 0 0 0 0
Operating Segments | Sales from Concentrate and Other Production | Porcupine | Discontinued Operations        
SALES        
Revenue 0 0 0 0
Operating Segments | Sales from Concentrate and Other Production | Eleonore | Discontinued Operations        
SALES        
Revenue 0 0 0 0
Operating Segments | Sales from Concentrate and Other Production | Telfer | Discontinued Operations        
SALES        
Revenue 0 7 0 138
Operating Segments | Sales from Concentrate and Other Production | Telfer | Discontinued Operations | Telfer Gold Subsegment        
SALES        
Revenue 0 7 0 124
Operating Segments | Sales from Concentrate and Other Production | Telfer | Discontinued Operations | Telfer Copper Subsegment        
SALES        
Revenue 0 0 0 14
Operating Segments | Sales from Concentrate and Other Production | Akyem | Discontinued Operations        
SALES        
Revenue 0 0 0 0
Operating Segments | Silver streaming agreement | Peñasquito | Pensaquito Silver        
SALES        
Revenue 24 15 63 65
Eliminations | NGM        
SALES        
Revenue $ 854 $ 581 $ 2,186 $ 1,669
v3.25.3
SALES - Provisional Sales (Details)
oz in Thousands, lb in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
oz
lb
$ / oz
$ / lb
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
oz
lb
$ / oz
$ / lb
Sep. 30, 2024
USD ($)
Revenue from Contract with Customer [Abstract]        
Increase (decrease) to sales from provisional pricing mark-to-market | $ $ 144 $ 66 $ 325 $ 197
Gold        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | oz 164   164  
Average provisional price (in dollars per ounce or pound) | $ / oz 3,850   3,850  
Copper        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 70   70  
Average provisional price (in dollars per ounce or pound) | $ / lb 4.68   4.68  
Silver        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | oz 6,000   6,000  
Average provisional price (in dollars per ounce or pound) | $ / oz 46.39   46.39  
Lead        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 48   48  
Average provisional price (in dollars per ounce or pound) | $ / lb 0.89   0.89  
Zinc        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 93   93  
Average provisional price (in dollars per ounce or pound) | $ / lb 1.35   1.35  
v3.25.3
RECLAMATION AND REMEDIATION - Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Reclamation and remediation expense        
Reclamation adjustments and other $ 17 $ 13    
Reclamation accretion 73 90 $ 236 $ 262
Reclamation expense 90 103    
Remediation adjustments and other 32 26    
Remediation accretion 1 3 5 6
Remediation expense 33 29    
Reclamation and remediation $ 123 $ 132 299 324
Reclamation and remediation        
Reclamation and remediation expense        
Reclamation adjustments and other     19 17
Reclamation accretion     236 262
Reclamation expense     255 279
Remediation adjustments and other     39 39
Remediation accretion     5 6
Remediation expense     44 45
Reclamation and remediation     $ 299 $ 324
v3.25.3
RECLAMATION AND REMEDIATION - Reconciliation of Obligation (Details)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
mine_portal
Change in reclamation liability        
Balance at beginning of period     $ 7,015 $ 8,385
Additions, changes in estimates, and other     42 (2)
Acquisitions and divestitures     (13) 64
Payments, net     (471) (214)
Accretion expense  $ 73 $ 90 236 262
Reclassification to liabilities held for sale     0 (1,658)
Balance at end of period 6,809 6,837 6,809 6,837
Change in remediation liability        
Balance at beginning of period     370 401
Additions, changes in estimates, and other     27 28
Acquisitions and divestitures     0 0
Payments, net     (56) (59)
Accretion expense  1 3 5 6
Reclassification to liabilities held for sale     0 (20)
Balance at end of period $ 346 $ 356 $ 346 $ 356
Number of mine portals closed | mine_portal       3
v3.25.3
RECLAMATION AND REMEDIATION - Liability Classifications (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Reclamation and remediation expense        
Reclamation liabilities, current $ 861 $ 928    
Reclamation liabilities, non-current 5,948 6,087    
Reclamation obligations, operating properties 6,809 7,015 $ 6,837 $ 8,385
Remediation liabilities, current 66 63    
Remediation liabilities, non-current 280 307    
Total remediation liabilities 346 370 $ 356 $ 401
Total reclamation and remediation liabilities, current 927 991    
Total reclamation and remediation liabilities, non-current 6,228 6,394    
Total reclamation and remediation liabilities 7,155 7,385    
Minera Yanacocha        
Reclamation and remediation expense        
Reclamation obligations, operating properties $ 4,251 $ 4,546    
v3.25.3
RECLAMATION AND REMEDIATION - Additional Information (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Reclamation and remediation expense        
Remediation liability $ 346 $ 370 $ 356 $ 401
Yanacocha        
Reclamation and remediation expense        
Remediation liability 14 15    
Other Noncurrent Assets        
Reclamation and remediation expense        
Asset retirement obligation restricted assets 31 29    
Discontinued Operations, Held-for-Sale | Akyem        
Reclamation and remediation expense        
Disposal group, including discontinued operation, restricted cash and restricted cash equivalents $ 0 $ 93    
v3.25.3
OTHER EXPENSE, NET (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Other Income And Expense [Line Items]        
Restructuring and severance $ 87 $ 5 $ 111 $ 20
Impairment charges 39 18 63 39
Newcrest transaction and integration costs 2 17 (4) 62
Settlement costs (2) 7 1 33
Other 13 8 59 33
Other expense, net 139 $ 55 $ 230 $ 187
Namosi        
Other Income And Expense [Line Items]        
Impairment charges $ 28      
v3.25.3
OTHER INCOME (LOSS), NET (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Other Income, Net [Line Items]        
Interest income $ 56 $ 37 $ 151 $ 114
Foreign currency exchange, net (41) (29) (120) (26)
Gain (loss) on debt extinguishment (72) 15 (100) 29
Other 8 5 1 46
Other income (loss), net (55) 0 (81) 199
Disposed of by sale, not discontinued operations        
Other Income, Net [Line Items]        
Gain (loss) on asset and investment sales $ (6) $ (28) $ (13) $ 36
v3.25.3
INCOME AND MINING TAXES - Reconciliation Of U.S. Federal Statutory Tax Rate To Company’s Effective Income Tax Rate (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Tax Disclosure [Abstract]        
Income (loss) before income and mining tax and other items $ 2,507 $ 1,059 $ 8,096 $ 2,523
Reconciling item, percentage        
U.S. Federal statutory tax rate 21.00% 21.00% 21.00% 21.00%
Percentage depletion (1.00%) (1.00%) (1.00%) (2.00%)
Change in valuation allowance on deferred tax assets (1.00%) (3.00%) (1.00%) (3.00%)
Foreign rate differential 8.00% 7.00% 7.00% 9.00%
Effect of foreign earnings, net of credits 0 0.01 0 0.01
Mining and other taxes (net of associated federal benefit) 3.00% 5.00% 3.00% 6.00%
Uncertain tax position reserve adjustment 0.00% (1.00%) 0.00% (2.00%)
Tax impact of foreign exchange (3.00%) 2.00% (1.00%) (1.00%)
Akyem recognition of DTL for assets held for sale 0 (0.04) 0 0.01
Tax impact of divestitures 0.03 0 0.02 0
Other 1.00% (4.00%) 1.00% (2.00%)
Income and mining tax expense (benefit) 31.00% 23.00% 31.00% 28.00%
Reconciling item, amount        
U.S. Federal statutory tax rate $ 526 $ 222 $ 1,700 $ 530
Percentage depletion (20) (12) (76) (49)
Change in valuation allowance on deferred tax assets (22) (37) (73) (82)
Foreign rate differential 200 72 567 219
Effect of foreign earnings, net of credits 4 9 6 30
Mining and other taxes (net of associated federal benefit) 87 55 221 150
Uncertain tax position reserve adjustment 4 (6) (2) (58)
Tax impact of foreign exchange (72) 25 (69) (33)
Akyem recognition of DTL for assets held for sale 0 (37) 0 44
Tax impact of divestitures 74 0 196 0
Other 6 (47) 56 (56)
Income and mining tax expense (benefit) $ 787 $ 244 $ 2,526 $ 695
v3.25.3
FAIR VALUE ACCOUNTING - Recurring Basis (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Assets:    
Assets held for sale   $ 672
Marketable equity and other securities (Note 12)   212
Carrying value    
Liabilities:    
Debt $ 5,180 8,476
Recurring    
Assets:    
Cash and cash equivalents 5,639 3,619
Restricted cash 33 31
Assets held for sale 166 1,840
Equity method investments fair value   212
Derivative assets (Note 11) 415 142
Total assets 7,740 7,157
Liabilities:    
Debt 5,389 8,400
Derivative liabilities 15 143
Other liabilities 198 51
Total liabilities 5,602 8,594
Recurring | Discontinued Operations, Held-for-Sale | Portfolio Optimization Program    
Assets:    
Assets held for sale 162 679
Recurring | Level 1    
Assets:    
Cash and cash equivalents 5,639 3,619
Restricted cash 33 31
Assets held for sale 0 0
Equity method investments fair value   212
Derivative assets (Note 11) 0 0
Total assets 6,115 4,182
Liabilities:    
Debt 0 0
Derivative liabilities 0 0
Other liabilities 0 0
Total liabilities 0 0
Recurring | Level 2    
Assets:    
Cash and cash equivalents 0 0
Restricted cash 0 0
Assets held for sale 166 1,168
Equity method investments fair value   0
Derivative assets (Note 11) 51 0
Total assets 1,261 2,161
Liabilities:    
Debt 5,389 8,400
Derivative liabilities 10 137
Other liabilities 198 51
Total liabilities 5,597 8,588
Recurring | Level 3    
Assets:    
Cash and cash equivalents 0 0
Restricted cash 0 0
Assets held for sale 0 672
Equity method investments fair value   0
Derivative assets (Note 11) 364 142
Total assets 364 814
Liabilities:    
Debt 0 0
Derivative liabilities 5 6
Other liabilities 0 0
Total liabilities 5 6
Recurring | Trade receivables from provisional concentrate sales    
Assets:    
Trade receivables from provisional concentrate sales 1,044 993
Recurring | Trade receivables from provisional concentrate sales | Level 1    
Assets:    
Trade receivables from provisional concentrate sales 0 0
Recurring | Trade receivables from provisional concentrate sales | Level 2    
Assets:    
Trade receivables from provisional concentrate sales 1,044 993
Recurring | Trade receivables from provisional concentrate sales | Level 3    
Assets:    
Trade receivables from provisional concentrate sales 0 0
Recurring | Marketable and other equity securities    
Assets:    
Marketable equity and other securities (Note 12) 429 305
Recurring | Marketable and other equity securities | Level 1    
Assets:    
Marketable equity and other securities (Note 12) 429 305
Recurring | Marketable and other equity securities | Level 2    
Assets:    
Marketable equity and other securities (Note 12) 0 0
Recurring | Marketable and other equity securities | Level 3    
Assets:    
Marketable equity and other securities (Note 12) 0 0
Recurring | Restricted marketable debt securities    
Assets:    
Restricted marketable debt and other securities (Note12) 14 15
Recurring | Restricted marketable debt securities | Level 1    
Assets:    
Restricted marketable debt and other securities (Note12) 14 15
Recurring | Restricted marketable debt securities | Level 2    
Assets:    
Restricted marketable debt and other securities (Note12) 0 0
Recurring | Restricted marketable debt securities | Level 3    
Assets:    
Restricted marketable debt and other securities (Note12) $ 0 $ 0
v3.25.3
FAIR VALUE ACCOUNTING - Quantitative Information (Details)
$ in Millions
Sep. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
Quantitative and Qualitative Information - Unobservable Inputs    
Assets held for sale   $ 672
Derivative asset, current $ 59 0
Derivative assets, noncurrent 356 142
Current derivative liabilities 9 138
Designated Hedge | Cadia Power Purchase Agreement | Cash Flow Hedges    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, current 7 0
Derivative assets, noncurrent 144 95
Current derivative liabilities 0 1
Level 3    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration assets 213 47
Derivative liabilities 5 5
Level 3 | Designated Hedge    
Quantitative and Qualitative Information - Unobservable Inputs    
Continental conversion option $ 151 $ 94
Measurement Input, Commodity Forward Price | Discounted cash flow | Level 3 | Weighted Average    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input   0.0675
Measurement Input, Commodity Forward Price | Discounted cash flow | Level 3 | Designated Hedge | Minimum    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input 33 43
Measurement Input, Commodity Forward Price | Discounted cash flow | Level 3 | Designated Hedge | Maximum    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input 556 321
Measurement Input, Commodity Forward Price | Discounted cash flow | Level 3 | Designated Hedge | Weighted Average    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input 0.0634  
Discount Rate | Discounted cash flow | Level 3 | Minimum    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration assets, measurement input 6.36% 6.37%
Derivative liabilities, measurement input 0.0522 0.0522
Discount Rate | Discounted cash flow | Level 3 | Maximum    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration assets, measurement input 16.38% 16.38%
Derivative liabilities, measurement input 0.0595 0.0595
Discount Rate | Discounted cash flow | Level 3 | Weighted Average    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration assets, measurement input 6.77% 10.67%
Derivative liabilities, measurement input 0.0566 0.0566
v3.25.3
FAIR VALUE ACCOUNTING - Changes in the Fair Value of Level 3 Financial Assets and Liabilities (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Summary of changes in Level 3 financial assets    
Fair value, beginning of period $ 142 $ 635
Acquired through divestments 168  
Sales and settlements   (377)
Transfers out of level 3   (76)
Fair value changes in Other comprehensive income (loss) 56 (43)
Fair value changes in Other income (loss), net (2) 3
Fair value changes in Net income (loss) from discontinued operations   11
Fair value, end of period 364 153
Summary of changes in Level 3 financial liabilities    
Fair value, beginning of period   5
Acquired through divestments 0  
Sales and settlements   0
Transfers out of level 3   0
Fair value changes in Other comprehensive income (loss) (1) 3
Fair value changes in Other income (loss), net $ 0 0
Fair value changes in Net income (loss) from discontinued operations   0
Fair value, end of period   8
Lundin Gold, Inc    
Summary of changes in Level 3 financial liabilities    
Ownership interest (as a percent) 32.00%  
Derivative Liabilities    
Summary of changes in Level 3 financial liabilities    
Fair value, beginning of period $ 6 5
Sales and settlements   0
Transfers out of level 3   0
Fair value, end of period 5 8
Indemnification Liability    
Summary of changes in Level 3 financial liabilities    
Fair value, beginning of period 6  
Fair value, end of period 5  
Derivative Assets    
Summary of changes in Level 3 financial assets    
Fair value, beginning of period 142 635
Sales and settlements   (377)
Transfers out of level 3   (76)
Fair value, end of period $ 364 $ 153
v3.25.3
DERIVATIVE INSTRUMENTS - Fair Values of Instruments Designated as Hedges (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Derivative contracts    
Derivative assets, current $ 59 $ 0
Derivative assets, noncurrent 356 142
Current derivative liabilities 9 138
Non-current derivative liabilities 6 5
Designated Hedge | Non-Contingent Consideration Derivative    
Derivative contracts    
Derivative assets, noncurrent 156 95
Current derivative liabilities 7 136
Non-current derivative liabilities 1 0
Designated Hedge | Cash Flow Hedges | Non-Contingent Consideration Derivative    
Derivative contracts    
Derivative assets, current 46 0
Not Designated as Hedging Instrument | Contingent Consideration Derivative    
Derivative contracts    
Derivative assets, current 13 0
Derivative assets, noncurrent 200 47
Current derivative liabilities 2 2
Non-current derivative liabilities $ 5 $ 5
v3.25.3
DERIVATIVE INSTRUMENTS - Schedule of Foreign Currency Cash Flow Hedges (Details) - Cash Flow Hedges - Designated Hedge
$ in Millions, $ in Millions, $ in Millions
Oct. 31, 2025
AUD ($)
Oct. 31, 2025
CAD ($)
Sep. 30, 2025
AUD ($)
Sep. 30, 2025
CAD ($)
Sep. 30, 2025
USD ($)
AUD-denominated capital expenditures          
Derivative contracts          
Derivative, notional amount     $ 1,611    
AUD-denominated capital expenditures | Subsequent Event          
Derivative contracts          
Derivative, notional amount $ 0        
AUD-denominated operating expenditures          
Derivative contracts          
Derivative, notional amount     3,825    
AUD-denominated operating expenditures | Subsequent Event          
Derivative contracts          
Derivative, notional amount $ 177        
CAD-denominated operating expenditures          
Derivative contracts          
Derivative, notional amount       $ 1,057  
CAD-denominated operating expenditures | Subsequent Event          
Derivative contracts          
Derivative, notional amount   $ 32      
AUD-denominated capital expenditures          
Derivative contracts          
Derivative, notional amount     $ 574    
Cash flow hedge gain (loss) in AOCI         $ 7
v3.25.3
DERIVATIVE INSTRUMENTS - Additional Information (Details) - Cadia Power Purchase Agreement
 1 Months Ended 9 Months Ended
Jul. 31, 2024
Sep. 30, 2025
Derivative contracts    
Derivative, term (in years)   15 years
Not Designated as Hedging Instrument    
Derivative contracts    
Derivative, term (in years) 15 years 15 years
Derivative, forecasted purchases, percent 0.40  
v3.25.3
DERIVATIVE INSTRUMENTS - Derivative Assets and Liabilities at Fair Value (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative assets, current $ 59 $ 0
Derivative assets, noncurrent 356 142
Derivative liabilities, current 9 138
Non-current derivative liabilities 6 5
Designated Hedge | Cash Flow Hedges    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative assets 202 95
Derivative liabilities 8 136
Foreign Exchange Contract | Designated Hedge | Cash Flow Hedges    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative assets, current 39 0
Derivative assets, noncurrent 12 0
Derivative liabilities, current 7 135
Non-current derivative liabilities 1 0
Cadia Power Purchase Agreement | Designated Hedge | Cash Flow Hedges    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative assets, current 7 0
Derivative assets, noncurrent 144 95
Derivative liabilities, current $ 0 $ 1
v3.25.3
DERIVATIVE INSTRUMENTS - Losses (Gains) on Derivatives (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Derivative contracts        
Loss (gain) on cash flow hedges $ 58 $ 5 $ 88 $ 13
Interest rate contracts        
Derivative contracts        
Loss (gain) on cash flow hedges 53 2 56 10
Gain (loss) to be reclassified within 12 months     (3)  
Foreign currency cash flow hedges        
Derivative contracts        
Loss (gain) on cash flow hedges 3 0 27 0
Gain (loss) to be reclassified within 12 months     25  
Cadia PPA cash flow hedge        
Derivative contracts        
Loss (gain) on cash flow hedges $ 2 $ 3 5 $ 3
Gain (loss) to be reclassified within 12 months     $ (10)  
Derivative, term (in years)     15 years  
v3.25.3
INVESTMENTS - Schedule of Investments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Sep. 30, 2025
Dec. 31, 2024
Investments        
Total equity method investments $ 4,103   $ 4,103 $ 4,471
Pueblo Viejo Mine        
Investments        
Ownership interest (as a percent) 40.00%   40.00%  
Nueva Union Project        
Investments        
Ownership interest (as a percent) 50.00%   50.00%  
Lundin Gold        
Investments        
Ownership interest (as a percent) 32.00%   32.00%  
Norte Abierto Project        
Investments        
Ownership interest (as a percent) 50.00%   50.00%  
Greatland Gold        
Investments        
Ownership interest (as a percent)       20.00%
Greatland Resources Limited        
Investments        
Equity method investments $ 319   $ 319  
Ownership interest (as a percent) 10.00%   10.00%  
Proceeds from sale of equity method investments   $ 68 $ 68  
Orla        
Investments        
Proceeds from sale of equity method investments $ 428      
Marketable debt and other securities        
Investments        
Non-current restricted investments 14   14 $ 15
Investments - current        
Investments        
Marketable equity and other securities, current 328   328 21
Investments - noncurrent        
Investments        
Marketable equity and other securities, noncurrent 126   126 309
Equity method investments 3,977   3,977 4,162
Total equity method investments 4,103   4,103 4,471
Equity securities without readily determinable fair value, amount 25   25 25
Investments - noncurrent | Pueblo Viejo Mine        
Investments        
Equity method investments 1,550   1,550 1,516
Investments - noncurrent | Nueva Union Project        
Investments        
Equity method investments 967   967 961
Investments - noncurrent | Lundin Gold        
Investments        
Equity method investments 912   912 941
Investments - noncurrent | Norte Abierto Project        
Investments        
Equity method investments 548   548 532
Investments - noncurrent | Greatland Gold        
Investments        
Equity method investments $ 0   $ 0 $ 212
v3.25.3
INVESTMENTS - Income (Loss) from Equity Method Investments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Investments        
Income (loss) from equity method investments $ 123 $ 60 $ 250 $ 64
Pueblo Viejo Mine        
Investments        
Ownership interest (as a percent) 40.00%   40.00%  
Income (loss) from equity method investments $ 73 33 $ 132 47
Lundin Gold, Inc        
Investments        
Ownership interest (as a percent) 32.00%   32.00%  
Income (loss) from equity method investments $ 51 24 $ 115 16
Other        
Investments        
Income (loss) from equity method investments $ (1) $ 3 $ 3 $ 1
v3.25.3
INVESTMENTS - Narrative (Details)
shares in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
shares
Jun. 30, 2025
USD ($)
shares
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
shares
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
shares
Investments            
Equity method investment, percentage of gold and silver purchased from investment 50.00%     50.00%    
Income (loss) from equity method investments $ 123,000,000   $ 60,000,000 $ 250,000,000 $ 64,000,000  
Pueblo Viejo Mine | Related Party            
Investments            
Due from related parties 0     0   $ 0
Due to related parties 0     0   0
Lundin Gold, Inc | Related Party            
Investments            
Due to related parties           0
Pueblo Viejo Mine            
Investments            
Share of loans included in investment 508,000,000     508,000,000   486,000,000
Interest receivable $ 50,000,000     $ 50,000,000   $ 19,000,000
Ownership interest (as a percent) 40.00%     40.00%    
Purchases $ 259,000,000   163,000,000 $ 626,000,000 411,000,000  
Income (loss) from equity method investments $ 73,000,000   33,000,000 $ 132,000,000 47,000,000  
Lundin Gold, Inc            
Investments            
Ownership interest (as a percent) 32.00%     32.00%    
Purchases       $ 0 189,000,000  
Equity method investments fair value $ 4,994,000,000     4,994,000,000    
Income (loss) from equity method investments $ 51,000,000   $ 24,000,000 $ 115,000,000 $ 16,000,000  
Greatland Gold            
Investments            
Ownership interest (as a percent)           20.00%
Equity method investment, shares acquired (in shares) | shares 2,700     2,700   2,700
Sale restriction period           1 year
Reorganization share ratio 0.05     0.05    
Greatland Gold | Other Current Liabilities            
Investments            
Option to purchase equity, fair value disclosure $ 198,000,000     $ 198,000,000    
Greatland Gold | Other Non-Current Liabilities            
Investments            
Option to purchase equity, fair value disclosure           $ 51,000,000
Greatland Resources Limited            
Investments            
Ownership interest (as a percent) 10.00%     10.00%    
Equity method investment, shares acquired (in shares) | shares 134     134    
Shares sold (in shares) | shares   67        
Shares sold, amount   $ 274,000,000        
Proceeds from sale of equity method investments   $ 68,000,000   $ 68,000,000    
Shares held (in shares) | shares 67     67    
Equity method investments $ 319,000,000     $ 319,000,000    
Option to purchase equity, shares | shares 67     67    
Option to purchase equity, term 4 years     4 years    
Income (loss) from equity method investments $ 16,000,000     $ 381,000,000    
Greatland Gold, Equity Option            
Investments            
Income (loss) from equity method investments $ (8,000,000)     $ (147,000,000)    
v3.25.3
INVENTORIES (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Inventory, net    
Materials and supplies $ 1,074 $ 1,081
In-process 150 118
Concentrate 189 148
Precious metals 91 76
Inventories 1,504 1,423
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program    
Inventory, net    
Disposal group, including discontinued operation, inventory, other than stockpiles and ore on leach pads $ 0 $ 185
v3.25.3
STOCKPILES AND ORE ON LEACH PADS - Schedule (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Stockpiles And Ore On Leach Pads    
Current stockpiles and ore on leach pads $ 944 $ 761
Non-current stockpiles and ore on leach pads 2,521 2,266
Stockpiles and ore on leach pads 3,465 3,027
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program    
Stockpiles And Ore On Leach Pads    
Disposal group, including discontinued operation, stockpiles and ore on leach pads 0 374
Stockpiles    
Stockpiles And Ore On Leach Pads    
Current stockpiles and ore on leach pads 682 624
Non-current stockpiles and ore on leach pads 2,370 2,072
Stockpiles and ore on leach pads 3,052 2,696
Ore on Leach Pads    
Stockpiles And Ore On Leach Pads    
Current stockpiles and ore on leach pads 262 137
Non-current stockpiles and ore on leach pads 151 194
Stockpiles and ore on leach pads $ 413 $ 331
v3.25.3
DEBT - Minimum Debt Repayments (Details)
$ in Millions
Sep. 30, 2025
USD ($)
Scheduled minimum debt repayments  
2025 (for the remainder of 2025) $ 0
2026 0
2027 0
2028 0
2029 269
Thereafter 5,146
Total face value of debt outstanding 5,415
Unamortized premiums, discounts, and issuance costs (235)
Net carrying amount $ 5,180
v3.25.3
DEBT - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Debt Instrument [Line Items]          
Gain (loss) on debt extinguishment $ (72)   $ 15 $ (100) $ 29
First and Second Quarters of 2025 | Senior Notes          
Debt Instrument [Line Items]          
Gain (loss) on debt extinguishment       (15)  
Third Quarter of 2025 | Senior Notes          
Debt Instrument [Line Items]          
Amount of debt repurchased 2,003     2,003  
Face amount of debt repurchased 1,974     1,974  
Accrued and unpaid interest 29     29  
Gain (loss) on debt extinguishment (72)     (72)  
Interest Rate Contract | Third Quarter of 2025 | Senior Notes          
Debt Instrument [Line Items]          
Other comprehensive income (loss), gain (loss) reclassified, before tax $ (53)     (53)  
Senior Notes Net Of Discount 2026          
Debt Instrument [Line Items]          
Amount of debt repurchased   $ 957      
Face amount of debt repurchased   928      
Accrued and unpaid interest   19      
Make-whole provision   $ 10      
Gain (loss) on debt extinguishment       $ (13)  
v3.25.3
DEBT - Schedule of Debt Extinguishment (Details) - Senior Notes
$ in Millions
 9 Months Ended
Sep. 30, 2025
USD ($)
Debt Instrument [Line Items]  
Settled notional amount $ 3,376
Total repurchase amount 3,408
Debt instrument, extinguished amount, interest 51
Debt instrument, extinguished amount, third party fees 3
March 2026 Senior Notes  
Debt Instrument [Line Items]  
Debt instrument principal amount $ 1,000
Debt instrument, interest rate, stated percentage 5.30%
Settled notional amount $ 928
Total repurchase amount 957
October 2029 Senior Notes  
Debt Instrument [Line Items]  
Debt instrument principal amount $ 700
Debt instrument, interest rate, stated percentage 2.80%
Settled notional amount $ 369
Total repurchase amount 355
May 2030 Senior Notes  
Debt Instrument [Line Items]  
Debt instrument principal amount $ 650
Debt instrument, interest rate, stated percentage 3.25%
Settled notional amount $ 177
Total repurchase amount 170
October 2030 Senior Notes  
Debt Instrument [Line Items]  
Debt instrument principal amount $ 1,000
Debt instrument, interest rate, stated percentage 2.25%
Settled notional amount $ 623
Total repurchase amount 575
July 2032 Senior Notes  
Debt Instrument [Line Items]  
Debt instrument principal amount $ 1,000
Debt instrument, interest rate, stated percentage 2.60%
Settled notional amount $ 32
Total repurchase amount 27
April 2035 Senior Notes  
Debt Instrument [Line Items]  
Debt instrument principal amount $ 600
Debt instrument, interest rate, stated percentage 5.875%
Settled notional amount $ 83
Total repurchase amount 87
October 2039 Senior Notes  
Debt Instrument [Line Items]  
Debt instrument principal amount $ 1,100
Debt instrument, interest rate, stated percentage 6.25%
Settled notional amount $ 595
Total repurchase amount 666
November 2041 Senior Notes  
Debt Instrument [Line Items]  
Debt instrument principal amount $ 500
Debt instrument, interest rate, stated percentage 5.75%
Settled notional amount $ 182
Total repurchase amount 192
March 2042 Senior Notes  
Debt Instrument [Line Items]  
Debt instrument principal amount $ 1,000
Debt instrument, interest rate, stated percentage 4.875%
Settled notional amount $ 387
Total repurchase amount $ 379
v3.25.3
OTHER LIABILITIES (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Other current liabilities:        
Reclamation and remediation liabilities   $ 927   $ 991
Accrued operating costs   427   468
Accrued capital expenditures   235   208
Greatland option   198   0
Accrued royalties   188   165
Accrued interest   72   97
Hedging instruments (Note 11)   7   136
Other   336   301
Other current liabilities   2,500   2,481
Other non-current liabilities:        
Income and mining taxes   155   125
Indemnification liabilities   56   17
Other   128   146
Other long-term liabilities, total   339   288
Payments for other investing activities   117 $ (70)  
Greatland option   198   51
NGM        
Other current liabilities:        
Payables to NGM   $ 110   $ 115
Worsley JV        
Other non-current liabilities:        
Payments for other investing activities $ 116      
NGM        
Other non-current liabilities:        
Ownership interest (as a percent)   38.50%    
Barrick Mining Corporation | NGM        
Other non-current liabilities:        
Ownership interest (as a percent)   61.50%    
v3.25.3
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​ - Components of AOCI (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
AOCI Attributable to Parent, Net of Tax [Roll Forward]                
Balance at beginning of period $ 32,287 $ 31,431 $ 30,109 $ 29,563 $ 29,075 $ 29,205 $ 30,109 $ 29,205
Other comprehensive income (loss) 65 83 56 28 9 (30) 204 7
Balance at end of period 33,411 32,287 31,431 29,896 29,563 29,075 33,411 29,896
Unrealized Gain (Loss) on Hedge Instruments                
AOCI Attributable to Parent, Net of Tax [Roll Forward]                
Balance at beginning of period     (193)       (193)  
Gain (loss) in other comprehensive income (loss) before reclassifications             125  
(Gain) loss reclassified from accumulated other comprehensive income (loss)             88  
Other comprehensive income (loss)             213  
Balance at end of period 20           20  
Other Adjustments                
AOCI Attributable to Parent, Net of Tax [Roll Forward]                
Balance at beginning of period     98       98  
Gain (loss) in other comprehensive income (loss) before reclassifications             (10)  
(Gain) loss reclassified from accumulated other comprehensive income (loss)             1  
Other comprehensive income (loss)             (9)  
Balance at end of period 89           89  
Total                
AOCI Attributable to Parent, Net of Tax [Roll Forward]                
Balance at beginning of period 44 (39) (95) (7) (16) 14 (95) 14
Gain (loss) in other comprehensive income (loss) before reclassifications             115  
(Gain) loss reclassified from accumulated other comprehensive income (loss)             89  
Other comprehensive income (loss) 65 83 56 28 9 (30) 204  
Balance at end of period $ 109 $ 44 $ (39) $ 21 $ (7) $ (16) $ 109 $ 21
v3.25.3
COMMITMENTS AND CONTINGENCIES - Environmental Matters (Details)
$ in Millions
 1 Months Ended 9 Months Ended
Oct. 31, 2022
claim
Sep. 30, 2025
USD ($)
plant
Feb. 28, 2025
USD ($)
Dec. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Loss contingencies              
Number of operational water treatment plants | plant   5          
Number of water treatment plants to be constructed | plant   2          
Remediation liability   $ 346   $ 370 $ 356 $ 401  
Discontinued operations disposed of by sale | CC&V              
Loss contingencies              
Indemnification cost threshold     $ 500        
Indemnification coverage, percent     0.90        
Midnite mine and Dawn mill sites              
Loss contingencies              
Remediation liability   $ 149          
Remediation liability assumed (in percent)   100.00%          
Cadia              
Loss contingencies              
Number of new claims filed | claim 2            
CC&V              
Loss contingencies              
Remediation liability             $ 20
Minera Yanacocha              
Loss contingencies              
Noncontrolling interest, ownership percentage by parent   100.00%          
CC&V              
Loss contingencies              
Noncontrolling interest, ownership percentage by parent     100.00%        
Dawn Mining Company              
Loss contingencies              
Noncontrolling interest, ownership percentage by parent   58.19%          
Cadia              
Loss contingencies              
Noncontrolling interest, ownership percentage by parent   100.00%          
v3.25.3
COMMITMENTS AND CONTINGENCIES - Other Legal Matters (Details)
$ in Millions
 1 Months Ended 3 Months Ended
Aug. 16, 2021
USD ($)
Dec. 24, 2018
co-defendant
plaintiff
Aug. 31, 2020
USD ($)
Dec. 31, 2017
USD ($)
Sep. 30, 2025
Australian Taxation Office          
Loss contingencies          
Amount of tax, interest and penalties asserted as disputed amount       $ 85  
Amount paid to preserve right to contest conclusions of ATO       $ 24  
Kirkland Royalty Matter | Pending Litigation          
Loss contingencies          
Damages sought $ 350        
Ghana Parliament Cases          
Loss contingencies          
Number of plaintiffs | plaintiff   2      
Number of co-defendants | co-defendant   33      
Mining and mineral rights | Holt option          
Loss contingencies          
Purchase of option for mining and mineral rights     $ 75    
Newmont Corporation, Newmont Canada Corporation, And Newmont Canada FN Holdings ULC          
Loss contingencies          
Noncontrolling interest, ownership percentage by parent         100.00%
Newmont Ghana Gold Limited and Newmont Golden Ridge Limited          
Loss contingencies          
Noncontrolling interest, ownership percentage by parent         100.00%
Newmont Capital Limited And Newmont Canada FN Holdings ULC          
Loss contingencies          
Noncontrolling interest, ownership percentage by parent         100.00%
v3.25.3
COMMITMENTS AND CONTINGENCIES - Other Commitments and Contingences (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Other Commitments [Line Items]    
Letters of credit surety bonds and bank guarantees, outstanding $ 2,040 $ 2,086
Galore Creek    
Other Commitments [Line Items]    
Contingent consideration liabilities $ 75