NEWMONT CORP /DE/, 10-Q filed on 4/23/2026
Quarterly Report
v3.26.1
Cover - shares
 3 Months Ended
Mar. 31, 2026
Apr. 16, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2026  
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 $1.60 per share  
Trading Symbol NEM  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   1,067,552,764
Entity Central Index Key 0001164727  
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
Current Fiscal Year End Date --12-31  
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Sales (Note 5) $ 7,307 $ 5,010
Costs and expenses:    
Costs applicable to sales [1] 1,937 2,106
Depreciation and amortization 632 593
Reclamation and remediation (Note 6) 78 93
Exploration 51 49
Advanced projects, research and development 45 43
General and administrative 79 110
(Gain) loss on sale of assets held for sale (Note 3) 0 (276)
Other expense, net (Note 7) 19 43
Total costs and expenses 2,841 2,761
Other income (expense):    
Other income (loss), net (Note 8) 156 301
Interest expense, net of capitalized interest (39) (79)
Total other income (expense) 117 222
Income (loss) before income and mining tax and other items 4,583 2,471
Income and mining tax benefit (expense) (Note 9) (1,404) (647)
Equity income (loss) of affiliates (Note 12) 149 78
Net income (loss) 3,328 1,902
Net loss (income) attributable to noncontrolling interests [2] (66) (11)
Net income (loss) attributable to Newmont stockholders $ 3,262 $ 1,891
Weighted average common shares:    
Basic (in shares) 1,085 1,126
Effect of employee stock-based awards (in shares) 2 1
Diluted (in shares) 1,087 1,127
Net income (loss) attributable to Newmont stockholders per common share:    
Basic (in dollars per share) $ 3.01 $ 1.68
Diluted (in dollars per share) $ 3.00 $ 1.68
[1] Excludes Depreciation and amortization and Reclamation and remediation.
[2] Relates to the Suriname Gold project C.V. (“Merian”) reportable segment.
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]    
Net income (loss) $ 3,328 $ 1,902
Other comprehensive income (loss):    
Change in cash flow hedges, net of tax 18 60
Other adjustments, net of tax 1 (4)
Other comprehensive income (loss) 19 56
Comprehensive income (loss) 3,347 1,958
Comprehensive income (loss) attributable to:    
Newmont stockholders  3,281 1,947
Noncontrolling interests 66 11
Comprehensive income (loss) $ 3,347 $ 1,958
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 8,775 $ 7,647
Trade receivables (Note 5) 1,137 1,067
Investments (Note 12) 4 594
Inventories (Note 13) 1,501 1,512
Stockpiles and ore on leach pads (Note 14) 1,211 1,177
Other receivables 538 678
Other current assets 345 391
Current assets 13,511 13,066
Property, plant and mine development, net 33,323 33,310
Investments (Note 12) 4,187 4,186
Stockpiles and ore on leach pads (Note 14) 2,538 2,410
Deferred income tax assets 32 45
Goodwill 2,658 2,658
Other non-current assets 1,421 1,446
Total assets 57,670 57,121
LIABILITIES    
Accounts payable 828 816
Employee-related benefits 795 898
Income and mining taxes payable 1,377 1,188
Lease and other financing obligations 116 118
Other current liabilities ($339 valued under fair value option at December 31, 2025) (Note 16) 2,415 2,692
Current liabilities 5,531 5,712
Debt (Note 15) 5,079 5,115
Lease and other financing obligations 337 356
Reclamation and remediation liabilities (Note 6) 6,169 6,297
Deferred income tax liabilities 3,948 4,045
Employee-related benefits 604 634
Silver streaming agreement 572 598
Other non-current liabilities (Note 16) 332 322
Total liabilities 22,572 23,079
Commitments and contingencies (Note 18)
EQUITY    
Common stock 1,727 1,753
Treasury stock (346) (301)
Additional paid-in capital 28,417 28,847
Accumulated other comprehensive income (loss) (Note 17) 156 137
Retained earnings 4,972 3,431
Newmont stockholders' equity 34,926 33,867
Noncontrolling interests 172 175
Total equity 35,098 34,042
Total liabilities and equity $ 57,670 $ 57,121
v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Statement of Financial Position [Abstract]    
Greatland option, current portion $ 0 $ 339
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income (loss) $ 3,328 $ 1,902
Non-cash adjustments:    
Depreciation and amortization 632 593
(Gain) loss on sale of assets held for sale 0 (276)
Change in fair value of investments and options (87) (291)
Reclamation and remediation 75 89
Deferred income taxes (45) 125
Other non-cash adjustments 84 30
Change in operating assets and liabilities:    
Trade and other receivables 70 228
Inventories, stockpiles and ore on leach pads (152) (175)
Other assets (11) (9)
Accounts payable 18 (69)
Reclamation and remediation liabilities (209) (95)
Accrued tax liabilities [1] 200 91
Other accrued liabilities (118) (112)
Net cash provided by (used in) operating activities 3,785 2,031
Investing activities:    
Additions to property, plant and mine development (641) (826)
Proceeds from sales of investments 257 7
Proceeds from sales of mining operations and other assets, net 91 1,684
Return of investment from equity method investees 26 20
Contributions to equity method investees (25) (31)
Other  (10) (116)
Net cash provided by (used in) investing activities (302) 738
Financing activities:    
Repurchases of common stock (1,895) (348)
Dividends paid to common stockholders (282) (282)
Distributions to noncontrolling interests (105) (44)
Repayment of debt (39) (985)
Funding from noncontrolling interests 35 39
Payments on lease and other financing obligations (27) (23)
Other (44) (19)
Net cash provided by (used in) financing activities (2,357) (1,662)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1 (5)
Net change in cash, cash equivalents and restricted cash, including cash and restricted cash reclassified to assets held for sale 1,127 1,102
Less: change in cash and restricted cash reclassified to assets held for sale [2] 0 (22)
Net change in cash, cash equivalents and restricted cash 1,127 1,080
Cash, cash equivalents and restricted cash at beginning of period  7,684 3,650
Cash, cash equivalents and restricted cash at end of period  8,811 4,730
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 8,775 4,698
Restricted cash included in other current assets 3 1
Restricted cash included in other non-current assets 33 31
Total cash, cash equivalents and restricted cash $ 8,811 $ 4,730
[1] Includes $1,268 and $465 of cash payments for income and mining taxes, net of refunds, for the three months ended March 31, 2026 and 2025, 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 March 31, 2025 the related assets, including $67 of Cash and cash equivalents and $93 of restricted cash, included in Other current assets and Other non-current assets, were reclassified to Assets held for sale. At March 31, 2026, no amounts relating to Cash and cash equivalents and restricted cash remained in Assets held for sale. Refer to Note 3 for additional information.
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income and mining taxes paid, net of refunds $ 1,268,000,000 $ 465,000,000
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program    
Disposal group, including discontinued operation, cash and cash equivalents 0 67,000,000
Disposal group, including discontinued operation, restricted cash and restricted cash equivalents $ 0 $ 93,000,000
v3.26.1
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, 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 [1] (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)   (8)          
Repurchase and retirement of common stock (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, 2025   1,096          
Balance at beginning of period at Dec. 31, 2025 34,042 $ 1,753 $ (301) 28,847 137 3,431 175
Balance at beginning of period (in shares) at Dec. 31, 2025     (7)        
Changes in Equity              
Net income (loss) 3,328         3,262 66
Other comprehensive income (loss)  19       19    
Dividends declared [2] (281)         (281)  
Distributions declared to noncontrolling interests (105)           (105)
Cash calls requested from noncontrolling interests 36           36
Repurchase and retirement of common stock (in shares) [3],[4]   (17)          
Repurchase and retirement of common stock [3],[4] (1,914) $ (28)   (446)   (1,440)  
Withholding of employee taxes related to stock-based compensation (45)   $ (45)        
Stock-based awards and related share issuances (in shares)   1          
Stock-based awards and related share issuances 18 $ 2   16      
Balance at end of period (in shares) at Mar. 31, 2026   1,080          
Balance at end of period at Mar. 31, 2026 $ 35,098 $ 1,727 $ (346) $ 28,417 $ 156 $ 4,972 $ 172
Balance at end of period (in shares) at Mar. 31, 2026     (7)        
[1] Cash dividends paid per common share were $0.25 for the three months ended March 31, 2025.
[2] Cash dividends paid per common share were $0.26 for the three months ended March 31, 2026.
[3] An additional $556 of common stock was repurchased and retired subsequent to March 31, 2026 through the date of filing.
[4] As of March 31, 2026, the Company has accrued for excise tax on share repurchases of $19, included in Other non-current liabilities.
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended
Apr. 23, 2026
Mar. 31, 2026
Mar. 31, 2025
Cash dividends declared per common share (in dollars per share)   $ 0.26 $ 0.25
Excise tax payable, noncurrent   $ 19  
Repurchase and retirement of common stock   1,914 [1],[2] $ 351
Common Stock      
Repurchase and retirement of common stock   $ 28 [1],[2] $ 12
Common Stock | Subsequent Event      
Repurchase and retirement of common stock $ 556    
[1] An additional $556 of common stock was repurchased and retired subsequent to March 31, 2026 through the date of filing.
[2] As of March 31, 2026, the Company has accrued for excise tax on share repurchases of $19, included in Other non-current liabilities.
v3.26.1
BASIS OF PRESENTATION
 3 Months Ended
Mar. 31, 2026
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, 2025, as filed with the SEC on February 19, 2026 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.
Reportable Segments
In October 2025, the Company declared commercial production at its Ahafo North project in Ghana resulting in classification as a reportable segment. Prior to declaration of commercial production, Ahafo North was classified as a development project, and all activity was included in the Ahafo South reportable segment up to the date of commercial production. Although not a reportable segment until the fourth quarter of 2025, the amounts related to Ahafo North have been reported separately for comparability purposes. Refer to Note 4 for further information.
Divestiture of Non-Core Assets
The Company completed the sale of the CC&V, Musselwhite, and Éléonore reportable segments in the first quarter of 2025, the sale of the Porcupine and Akyem reportable segments in the second quarter of 2025, and the sale of the Coffee development project in the fourth quarter of 2025. Refer to Note 3 for further information on divestitures.
v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 3 Months Ended
Mar. 31, 2026
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 commodity prices, primarily for gold, as well as copper, silver, lead, and zinc. Commodity markets have been historically very volatile, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or unfavorable movement in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital, and the economic viability of mineral reserves. The carrying values of the Company’s Property, plant and mine development, net; Inventories; Stockpiles and ore on leach pads; Investments; Deferred income tax assets; and Goodwill are particularly sensitive to commodity price assumptions. A decline in the Company’s commodity price outlook could result in material impairment charges related to these assets.
The Company's global operations expose it to risks arising from public health crises, macroeconomic conditions, including inflationary pressures and related monetary policy actions, and geopolitical developments. Ongoing or escalating geopolitical tensions and military activity, including military operations in Iran, Ukraine, and Venezuela, as well as the potential for additional conflicts, war, or civil unrest, may disrupt global supply chains, including cost and supply of critical materials, increase in fuel, energy, and transportation and other operating costs, and contribute to volatility in labor, financial, and commodity markets.
Additional factors that could have short- and, possibly, long-term material adverse impacts on the Company include continued volatility in commodity prices; changes in equity and debt markets or country-specific factors affecting discount rates; significant cost inflation impacting production, capital expenditures, and asset retirement costs; logistical constraints; energy market disruptions; workforce interruptions; and uncertainties related to the costs, timing, and execution of projects.
Refer to Note 18 and Part II, Item 1A Risk Factors 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, 2025, as filed with the SEC on February 19, 2026.
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.
Reclassifications
Certain amounts and disclosures in prior years have been reclassified to conform to the current year presentation.
Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules
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.
v3.26.1
DIVESTITURES
 3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
DIVESTITURES DIVESTITURES
The Company completed the sale of certain non-core assets which included 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, the sale of the Porcupine and Akyem reportable segments in the second quarter of 2025, and the sale of the Coffee development project in the fourth quarter of 2025. Prior to completion of the sale, the non-core assets were presented as held for sale and recorded at the lower of their carrying value or fair value, less costs to sell. These assets were periodically revalued until sale occurred with any resulting gain or loss recognized in (Gain) loss on sale of assets held for sale. Additionally, gains or losses recognized on the completion of the sale were recognized in (Gain) loss on sale of assets held for sale. At December 31, 2025, no assets remained held for sale.
Gains recognized on the completed sales during the three months ended March 31, 2025 are summarized in the table below; value of consideration received and indemnifications provided represent the value at the time of close.
CC&VMusselwhiteÉléonoreTotal
Cash received, net of working capital adjustments$109 $799 $784 $1,692 
Deferred consideration received154 14 — 168 
Equity consideration— — — — 
Value of consideration received263 813 784 1,860 
Less: Carrying value of net assets divested(196)(794)(612)(1,602)
Less: Indemnification provided(65)— — (65)
Gain on completed sales (1)
$2 $19 $172 $193 
____________________________
(1)Recognized in (Gain) loss on sale of assets held for sale.
CC&V. Sale of the CC&V reportable segment to SSR Mining Inc. ("SSR") closed on February 28, 2025. The deferred consideration consisted of $175 receivable in two installments of $87.5 upon certain regulatory approvals. In the first quarter of 2026, the Company received the first deferred payment of $87.5. The second deferred payment, contingent on certain regulatory approvals, does not meet the definition of a derivative asset and is considered to be a financial asset and is included in Other non-current 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 closed on February 28, 2025. The deferred consideration consists of $40 receivable 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 first deferred payment of $20 was received in the first quarter of 2026. The second deferred payment meets the definition of a derivative asset and is included as contingent consideration in Other current assets.
Éléonore. Sale of the Éléonore reportable segment to Dhilmar Ltd closed on February 28, 2025.
(Gain) loss on sale of assets held for sale consisted of the following:
Three Months Ended
March 31,
20262025
(Gain) on completed sales$— $(193)
(Reversal of write-downs) write-downs on assets held for sale— (76)
Tax impact— (17)
Other (1)
— 10 
$— $(276)
____________________________
(1)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.
v3.26.1
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2026
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"). The Company's 13 reportable segments consist of each of its 12 mining operations that it manages 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.
With respect to NGM, Newmont gave notice to Barrick and the NGM Board of Managers in the first quarter of 2026 that it has identified evidence of mismanagement at NGM, including diversion of resources from NGM to the benefit of Barrick’s wholly-owned property Fourmile and Barrick, and that it was exercising its contractual inspection and audit rights.
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
March 31, 2026		SalesCosts Applicable to SalesDepreciation and Amortization
Reclamation and Remediation
Advanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)
Income (Loss) before Income and Mining Tax and Other Items
Total Assets
Capital Expenditures (2)
Managed
Lihir$562 $176 $45 $4 $2 $(3)$338 $5,860 $22 
Cadia:
Gold480 101 41 
Copper265 61 25 
Total Cadia745 162 66 1 7 20 489 6,829 163 
Tanami434 98 31 1 2 20 282 2,851 145 
Boddington:
Gold489 137 27 
Copper36 11 2 
Total Boddington525 148 29 4 1 13 330 2,381 35 
Ahafo South597 212 42 2 9 1 331 2,023 33 
Ahafo North317 75 20 — 2 — 220 1,214 29 
Merian409 111 20 1 6 — 271 920 15 
Cerro Negro
264 66 33 2 5 3 155 1,948 25 
Yanacocha677 140 29 39 3 (14)480 2,389 1 
Peñasquito:
Gold287 68 29 
Silver658 145 63 
Lead52 17 7 
Zinc183 67 22 
Total Peñasquito1,180 297 121 9 3 (4)754 4,794 32 
Red Chris
Gold68 22 9 
Copper77 26 11 
Total Red Chris145 48 20 2 2 3 70 2,653 33 
Brucejack281 98 41 1 3 1 137 2,594 16 
Non-managed
NGM1,171 306 122 3 9 (3)734 7,430 102 
Total Reportable Segments7,307 1,937 619 69 54 37 4,591 43,886 651 
Corporate and Other— — 13 9 42 (56)(8)13,784 5 
Consolidated$7,307 $1,937 $632 $78 $96 $(19)$4,583 $57,670 $656 
____________________________
(1)Other Segment Expenses (Income) for all reportable segments includes General and administrative, Other expense, net, Other income (loss), net, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other. Refer to Notes 7 and 8, for further information on Other expense, net and Other income (loss), net, respectively.
(2)Consolidated capital expenditures on a cash basis were $641 reflecting non-cash adjustments and hedge impacts of $15.
Three Months Ended
March 31, 2025		SalesCosts Applicable to SalesDepreciation and AmortizationReclamation and RemediationAdvanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)
Income (Loss) before Income and Mining Tax and Other ItemsTotal Assets
Capital Expenditures (2)
Managed
Lihir$455 $161 $40 $3 $1 $5 $245 $5,655 $45 
Cadia:
Gold316 77 33 
Copper211 71 30 
Total Cadia527 148 63 1 — 19 296 6,315 129 
Tanami210 82 25 1 2 1 99 2,350 131 
Boddington:
Gold414 167 29 
Copper74 38 7 
Total Boddington488 205 36 4 3 2 238 2,402 42 
Ahafo South (3)
574 247 49 2 8 (7)275 1,892 42 
Ahafo North (3)
— — — — 2 — (2)825 71 
Merian141 72 15 1 7 — 46 956 15 
Cerro Negro
108 78 28 1 5 4 (8)1,832 48 
Yanacocha279 93 26 45 1 6 108 1,929 4 
Peñasquito:
Gold366 106 47 
Silver188 62 28 
Lead42 21 10 
Zinc181 110 45 
Total Peñasquito777 299 130 5 4 1 338 4,700 25 
Red Chris:
Gold45 16 5 
Copper69 35 11 
Total Red Chris114 51 16 2 2 (1)44 2,614 27 
Brucejack133 83 46 1 2 4 (3)2,653 16 
Non-managed
NGM626 308 97 3 2 1 215 7,465 102 
Held for sale (4)
Porcupine145 63 1 5 1 (92)167 1,302 44 
Akyem113 90 3 4 — 2 14 794 8 
Total Reportable Segments4,690 1,980 575 78 40 (55)2,072 43,684 749 
Corporate and Other— — 16 11 50 (98)21 11,835 2 
Divested (4)
CC&V88 39 2 2 — (3)48 — 5 
Musselwhite94 33 — 1 — (18)78 — 14 
Éléonore138 54 — 1 2 (171)252 — 12 
Consolidated$5,010 $2,106 $593 $93 $92 $(345)$2,471 $55,519 $782 
____________________________
(1)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, and Interest expense, net of capitalized interest, which along with Other income (loss), net, are primarily incurred at the non-operating segment Corporate and Other.
(2)Consolidated capital expenditures on a cash basis were $826 reflecting non-cash adjustments and hedge impacts of $44.
(3)In the fourth quarter of 2025, the Ahafo North development project achieved commercial production resulting in designation as a reportable segment. Prior to declaration of commercial production, Ahafo North was classified as a development project, and all activity was included in the Ahafo South reportable segment. Although not a reportable segment until the fourth quarter of 2025, the amounts related to Ahafo North have been reported separately for comparability purposes.
(4)Refer to Note 3 for information on the Company's divestitures. The Coffee development project disposal group is included in Corporate and Other.
v3.26.1
SALES
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
SALES SALES
The following table presents the Company’s Sales by mining operation, product, and inventory type:
Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal SalesGold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Managed
Lihir$562 $— $562 $455 $— $455 
Cadia:
Gold67 413 480 30 286 316 
Copper— 265 265 — 211 211 
Total Cadia67 678 745 30 497 527 
Tanami434 — 434 210 — 210 
Boddington:
Gold133 356 489 94 320 414 
Copper— 36 36 — 74 74 
Total Boddington133 392 525 94 394 488 
Ahafo South597 — 597 574 — 574 
Ahafo North (1)
317 — 317 — — — 
Merian408 1 409 137 4 141 
Cerro Negro 264 — 264 108 — 108 
Yanacocha659 18 677 270 9 279 
Peñasquito:
Gold— 287 287 — 366 366 
Silver (2)
— 658 658 — 188 188 
Lead— 52 52 — 42 42 
Zinc— 183 183 — 181 181 
Total Peñasquito— 1,180 1,180 — 777 777 
Red Chris:
Gold— 68 68 — 45 45 
Copper— 77 77 — 69 69 
Total Red Chris— 145 145 — 114 114 
Brucejack211 70 281 87 46 133 
Non-managed
NGM (3)
1,124 47 1,171 587 39 626 
Divested (4)
CC&V— — — 88 — 88 
Musselwhite — — — 94 — 94 
Porcupine — — — 145 — 145 
Éléonore — — — 138 — 138 
Akyem— — — 113 — 113 
Consolidated$4,776 $2,531 $7,307 $3,130 $1,880 $5,010 
____________________________
(1)In the fourth quarter of 2025, the Company declared commercial production at its Ahafo North project in Ghana resulting in classification as a reportable segment.
(2)Silver sales from concentrate includes $29 and $19 related to non-cash amortization of the silver streaming agreement liability for the three months ended March 31, 2026 and 2025, respectively.
(3)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $1,128 and $589 for the three months ended March 31, 2026 and 2025, respectively.
(4)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.
Trade Receivables and Provisional Sales
At March 31, 2026 and December 31, 2025, 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 $124 and $139 for the three months ended March 31, 2026 and 2025, respectively.
At March 31, 2026, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months:
GoldCopperSilverLeadZinc
(ounces)(pounds)(ounces)(pounds)(pounds)
Provisionally priced sales subject to final pricing (1)(2)
131 75 9 58 105 
Average provisional price (per ounce/pound)
$4,657 $5.55 $74.77 $0.85 $1.47 
____________________________
(1)Amounts reported in millions except gold ounces, which are reported in thousands.
(2)Includes provisionally priced by-product sales subject to final pricing, which are recognized as a reduction to Costs applicable to sales.
v3.26.1
RECLAMATION AND REMEDIATION
 3 Months Ended
Mar. 31, 2026
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
March 31,
20262025
Reclamation adjustments and other$1 $1 
Reclamation accretion72 87 
Reclamation expense73 88 
Remediation adjustments and other3 3 
Remediation accretion2 2 
Remediation expense5 5 
Reclamation and remediation$78 $93 
The following are reconciliations of Reclamation and remediation liabilities:
ReclamationRemediation
2026202520262025
Balance at January 1,$6,800 $7,015 $390 $370 
Divestitures (1)
— (4)— — 
Payments, net(203)(87)(6)(8)
Accretion expense 72 87 2 2 
Reclassification to Liabilities held for sale (1)
— (8)— — 
Balance at March 31,
$6,669 $7,003 $386 $364 
____________________________
(1)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. Additionally, in the first quarter of 2025, the Company completed the sale of CC&V, Musselwhite, and Éléonore reportable segments. Refer to Note 3 for information on the Company's divestitures.
At March 31, 2026At December 31, 2025
ReclamationRemediationTotalReclamationRemediationTotal
Current (1)
$822 $64 $886 $829 $64 $893 
Non-current (2)
5,847 322 6,169 5,971 326 6,297 
Total (3)
$6,669 $386 $7,055 $6,800 $390 $7,190 
____________________________
(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 $3,755 and $3,906 related to Yanacocha at March 31, 2026 and December 31, 2025, 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 Other non-current assets at March 31, 2026 and December 31, 2025 are $32 and $33, respectively, of non-current restricted cash held for purposes of settling reclamation and remediation obligations primarily related to Ahafo South and San Jose Reservoir at Yanacocha.
Included in Other non-current assets at March 31, 2026 and December 31, 2025 are $14 and $13, 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.
v3.26.1
OTHER EXPENSE, NET
 3 Months Ended
Mar. 31, 2026
Operating Costs and Expenses [Abstract]  
OTHER EXPENSE, NET OTHER EXPENSE, NET
Three Months Ended
March 31,
20262025
Impairment charges$9 $15 
Restructuring and severance6 9 
Settlement costs(2)3 
Newcrest transaction and integration costs
— 4 
Other6 12 
Other expense, net$19 $43 
v3.26.1
OTHER INCOME (LOSS), NET
 3 Months Ended
Mar. 31, 2026
Other Income, Nonoperating [Abstract]  
OTHER INCOME (LOSS), NET OTHER INCOME (LOSS), NET
Three Months Ended
March 31,
20262025
Change in fair value of investments and options$87 $291 
Interest income84 41 
Foreign currency exchange, net(36)(20)
Gain (loss) on debt extinguishment (Note 15)
1 (10)
Gain (loss) on asset and investment sales— (5)
Other20 4 
Other income (loss), net$156 $301 
v3.26.1
INCOME AND MINING TAXES
 3 Months Ended
Mar. 31, 2026
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 March 31, (1)
20262025
Income (loss) before income and mining tax and other items$4,583 $2,471 
U.S. Federal statutory tax rate21 %962 21 %519 
Reconciling items:
Change in valuation allowance on deferred tax assets(2)(111)(8)(197)
Foreign rate differential (2)
8 381 7 180 
Mining and other taxes (net of associated federal benefit)3 144 3 63 
Tax impact of foreign exchange 1 24 — (8)
Akyem recognition of DTL for assets held for sale— — — 2 
Tax impact of divestitures (3)
— — 3 83 
Other— 4 — 5 
Income and mining tax expense (benefit)31 %$1,404 26 %$647 
____________________________
(1)Tax rates may not recalculate due to rounding.
(2)Includes impact of increase in corporate tax rate at Ghana from 32.5% to 35% effective January 1, 2026, as a result of the expiration of the Revised Investment Agreement.
(3)Refer to Note 3 for information on the Company's divestitures.
v3.26.1
FAIR VALUE ACCOUNTING
 3 Months Ended
Mar. 31, 2026
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, 2025, as filed with the SEC on February 19, 2026, for further information on the Company's assets and liabilities included in the fair value hierarchy presented below.
Fair Value at March 31, 2026
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$8,775 $8,775 $— $— 
Restricted cash36 36 — — 
Trade receivables from provisional concentrate sales1,081 — 1,081 — 
Marketable equity and other securities (Note 12)
232 232 — — 
Restricted marketable debt and other securities (Note 6)
14 14 — — 
Derivative assets (Note 11)
256 — 80 176 
$10,394 $9,057 $1,161 $176 
Liabilities:
Debt (Note 15) (2)
$5,156 $— $5,156 $— 
Derivative liabilities (Note 11)
3 — 3 — 
$5,159 $— $5,159 $— 
Fair Value at December 31, 2025
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$7,647 $7,647 $— $— 
Restricted cash37 37 — — 
Trade receivables from provisional concentrate sales1,064 — 1,064 — 
Long-lived assets78 — — 78 
Marketable equity and other securities (Note 12)
740 740 — — 
Restricted marketable debt and other securities (Note 6)
13 13 — — 
Derivative assets (Note 11)
262 — 60 202 
$9,841 $8,437 $1,124 $280 
Liabilities:
Debt (Note 15) (2)
$5,283 $— $5,283 $— 
Derivative liabilities (Note 11)
1 — 1 — 
Other liabilities339 — 339 — 
$5,623 $— $5,623 $— 
____________________________
(1)Cash and cash equivalents includes short-term deposits that have an original maturity of three months or less.
(2)Debt is carried at amortized cost. The outstanding carrying value was $5,079 and $5,115 at March 31, 2026 and December 31, 2025, respectively. The fair value measurement of debt was based on an independent third-party pricing source.
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 March 31, 2026 and December 31, 2025:
Description
At March 31, 2026
Valuation TechniqueSignificant InputRange, Point Estimate or AverageWeighted Average Discount Rate
Derivative assets:
Hedging instruments$156 Income approachForward power prices
A$38 - A$605
7.00%
Contingent consideration assets$20 Income approach
Forward gold prices
$4,349—%
Description
At December 31, 2025
Valuation TechniqueSignificant InputRange, Point Estimate or Average
Weighted Average Discount Rate
Long-lived assets$78 Market-based approach
Various (1)
Various (1)
Derivative assets:
Hedging instruments$162 Income approachForward power prices
A$37 - A$703
7.00%
Contingent consideration assets$40 Income approachForward gold prices$4,254—%
____________________________
(1)Comprised of the nonrecurring impairment charge incurred on the Yanacocha Sulfides project equipment for the year ended December 31, 2025. The significant input to the fair value measurement included an estimated recoverability percentage of the original purchase order value of the equipment expected to be realized upon sale, which was based on completed sales up to December 31, 2025.
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 Assets
Fair value at December 31, 2025$202 $202 
Settlements (1)
(20)(20)
Fair value changes in Other comprehensive income (loss)
(6)(6)
Fair value at March 31, 2026$176 $176 
Derivative
Assets		Total AssetsDerivative
Liabilities		Total Liabilities
Fair value at December 31, 2024$142 $142 $6 $6 
Acquired through divestments (2)
168 168 — — 
Fair value changes in Other comprehensive income (loss)
43 43 (1)(1)
Fair value changes in Other income (loss), net
10 10 — — 
Fair value at March 31, 2025$363 $363 $5 $5 
____________________________
(1)In the first quarter of 2026, the Company received the first deferred payment of $20 related to the sale of the Musselwhite reportable segment. Refer to Note 3 for further information.
(2)The Company acquired contingent consideration assets as part of the divestitures that occurred in 2025. Refer to Note 3 for further information.
v3.26.1
DERIVATIVE INSTRUMENTS
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE INSTRUMENTS DERIVATIVE INSTRUMENTS
At March 31,
2026		At December 31,
2025
Current derivative assets: (1)
Hedging instruments:
Foreign currency cash flow hedges$80 $60 
Cadia PPA cash flow hedge3 7 
83 67 
Contingent consideration assets20 20 
$103 $87 
Non-current derivative assets: (2)
Hedging instruments:
Cadia PPA cash flow hedge$153 $155 
Contingent consideration assets— 20 
$153 $175 
Current derivative liabilities: (3)
Hedging instruments:
Foreign currency cash flow hedges$3 $1 
$3 $1 
____________________________
(1)Included in Other current assets.
(2)Included in Other non-current assets.
(3)Included in Other current liabilities.
Hedging Instruments
Hedging instruments consist of foreign currency cash flow hedges and the Cadia PPA. 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.
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 March 31, 2026:
AUD-denominated capital expendituresAUD-denominated operating expendituresCAD-denominated operating expenditures
Status:
ActiveActiveActive
Amount entered into:A$1,734A$4,002C$1,088
Cash flow type:
Capital expenditures for construction and development
Operating expenditures
Operating expenditures
Incurred in the periods of:
October 2024 through December 2026
October 2024 through December 2026
October 2024 through December 2026
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
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 impacts earnings and is presented in the same statement of operations 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. Amounts related to capital expenditures recorded in Accumulated other comprehensive income (loss) are reclassified to earnings through Depreciation and amortization after the respective project reaches commercial production. Amounts related to operating expenditures recorded in Accumulated other comprehensive income (loss) are reclassified to earnings through Costs applicable to sales in the period 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 achieve a reduction in its greenhouse gas emissions.
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 impacts earnings and is presented in the same statement of operations 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. Amounts recorded in Accumulated other comprehensive income (loss) will be reclassified to earnings through Costs applicable to sales in the period in which the related hedged electricity is purchased, which began in July 2024.
The following table provides the losses (gains) recognized in earnings related to the Company's derivative instruments designated for hedging:
Three Months Ended
March 31,
20262025
(Gain) loss on cash flow hedges:
Foreign currency cash flow hedges (1)
$(18)$22 
Cadia PPA cash flow hedge (2)
2 3 
Interest rate contracts (3)
1 1 
$(15)$26 
____________________________
(1)As of March 31, 2026, a gain of $58 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.
(2)As of March 31, 2026, 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.
(3)As of March 31, 2026, 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.
v3.26.1
INVESTMENTS
 3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
INVESTMENTS INVESTMENTS
At March 31,
2026		At December 31,
2025
Current investments:
Marketable equity securities (1)(2)
$4 $594 
Non-current investments:
Marketable equity and other securities (3)
$253 $171 
Equity method investments (% ownership): 
Pueblo Viejo Mine (40%)
1,521 1,584 
NuevaUnión Project (50%)
974 973 
Lundin Gold (32%)
879 905 
Norte Abierto Project (50%)
560 553 
3,934 4,015 
$4,187 $4,186 
____________________________
(1)In the first quarter of 2026, the Company sold the remaining Greatland Resources Limited ("Greatland") shares for $134 as a result of the Greatland option being exercised. Refer to Note 16 for further information.
(2)In the first quarter of 2026, the Company sold its investment in SolGold plc for net proceeds of $116.
(3)Includes $25 accounted for under the measurement alternative.
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
March 31,
20262025
Pueblo Viejo (40%)
$88 $44 
Lundin Gold (32%)
63 27 
Other(2)7 
$149 $78 
Pueblo Viejo
As of March 31, 2026 and December 31, 2025, the Company had outstanding stockholder loans to Pueblo Viejo of $489 and $518, which includes accrued interest of $40 and $60, 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 $278 and $155 for the three months ended March 31, 2026 and 2025, respectively. These purchases, net of subsequent sales, are included in Other income (loss), net and the net amounts are immaterial. There were no amounts due to or from Pueblo Viejo for gold and silver purchases as of March 31, 2026 or December 31, 2025.
Lundin Gold
Lundin Gold is accounted for on a quarterly lag. At March 31, 2026, the calculated fair value, based on quoted closing prices of publicly traded shares, of the Company's investment in Lundin Gold was $5,889.
v3.26.1
INVENTORIES
 3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
At March 31,
2026		At December 31,
2025
Materials and supplies$1,074 $1,060 
In-process165 199 
Concentrate192 162 
Precious metals70 91 
Inventories$1,501 $1,512 
STOCKPILES AND ORE ON LEACH PADS
At March 31, 2026
At December 31, 2025
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$970 $241 $1,211 $893 $284 $1,177 
Non-current2,347 191 2,538 2,284 126 2,410 
Total$3,317 $432 $3,749 $3,177 $410 $3,587 
v3.26.1
STOCKPILES AND ORE ON LEACH PADS
 3 Months Ended
Mar. 31, 2026
STOCKPILES AND ORE ON LEACH PADS  
STOCKPILES AND ORE ON LEACH PADS INVENTORIES
At March 31,
2026		At December 31,
2025
Materials and supplies$1,074 $1,060 
In-process165 199 
Concentrate192 162 
Precious metals70 91 
Inventories$1,501 $1,512 
STOCKPILES AND ORE ON LEACH PADS
At March 31, 2026
At December 31, 2025
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$970 $241 $1,211 $893 $284 $1,177 
Non-current2,347 191 2,538 2,284 126 2,410 
Total$3,317 $432 $3,749 $3,177 $410 $3,587 
v3.26.1
DEBT
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
DEBT DEBT
Scheduled minimum debt repayments are as follows:
At March 31,
2026
Year Ending December 31,
2026 (for the remainder of 2026)
$— 
2027— 
2028— 
2029265 
2030655 
Thereafter4,381 
Total face value of debt5,301 
Unamortized premiums, discounts, and issuance costs(222)
Debt$5,079 
Debt Extinguishment
For three months ended March 31, 2026, the Company redeemed senior notes through partial redemptions, totaling $42 in principal. These transactions resulted in a total gain on extinguishment for the three months ended March 31, 2026 of $1, recognized in Other income (loss), net.
For three months ended March 31, 2025, the Company redeemed senior notes through full and partial redemptions, totaling $981 and $19 in principal and accrued interest, respectively. These transactions resulted in a total loss on extinguishment for the three months ended March 31, 2025 of $10, recognized in Other income (loss), net.
The following table summarizes the redemptions by senior note:
Three Months Ended March 31,
20262025
Settled Principal AmountTotal Repurchase AmountSettled Principal AmountTotal Repurchase Amount
5.30% Senior Notes due March 2026 (1)
$— $— $928 $957 
2.80% Senior Notes due October 2029
2 2 3 3 
3.25% Senior Notes due May 2030
14 14 18 17 
2.25% Senior Notes due October 2030
2 2 1 1 
2.60% Senior Notes due July 2032
24 21 31 26 
$42 $39 $981 $1,004 
____________________________
(1)Included a make-whole provision of $10.
v3.26.1
OTHER LIABILITIES
 3 Months Ended
Mar. 31, 2026
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES OTHER LIABILITIES
At March 31,
2026		At December 31,
2025
Other current liabilities:
Reclamation and remediation liabilities$886 $893 
Accrued operating costs557 421 
Accrued capital expenditures260 254 
Accrued royalties212 181 
Payables to NGM (1)
143 227 
Accrued interest65 57 
Hedging instruments (Note 11)
3 1 
Greatland Option (2)
— 339 
Other (3)
289 319 
$2,415 $2,692 
Other non-current liabilities:
Income and mining taxes (4)
$145 $133 
Indemnification liabilities63 63 
Other (5)
124 126 
$332 $322 
____________________________
(1)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.
(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. In the first quarter of 2026, the option was exercised resulting in extinguishment of the financial liability and sale of the remaining shares for $134.
(3)Primarily consists of the current portion of the silver streaming agreement liability, taxes other than income and mining taxes and current portion of operating lease liabilities.
(4)Primarily consists of unrecognized tax benefits, including penalties and interest.
(5)Primarily consists of the non-current portion of operating lease liabilities.
v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​
 3 Months Ended
Mar. 31, 2026
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, 2025$41 $96 $137 
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications33 (1)32 
(Gain) loss reclassified from accumulated other comprehensive income (loss)
(15)2 (13)
Other comprehensive income (loss)18 1 19 
Balance at March 31, 2026$59 $97 $156 
v3.26.1
COMMITMENTS AND CONTINGENCIES
 3 Months Ended
Mar. 31, 2026
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 Lihir matter relates to the Lihir reportable segment. The Cadia matter relates to the Cadia reportable segment. The CC&V matter relates to CC&V, which was divested in the first quarter of
2025. The Newmont Ghana Gold and Newmont Golden Ridge matters relate to the Ahafo South and Ahafo North reportable segments and Akyem, which was divested in the second quarter of 2025, respectively.
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 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 applicable water discharge requirements. The Company’s current asset retirement obligation includes the cost of the construction of two new water treatment plants expected to be in operation during 2027 and cost associated with 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 meet 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.
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 criteria, contaminated soils cleanup, and closure of meteoric water storage ponds. 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 approximately $160, assumed 100% by Newmont, at March 31, 2026.
Lihir Gold Limited - 100% Newmont Owned
Lihir Gold Limited (“LGL”) is engaged in an administrative review process in Papua New Guinea relating to a directive issued by the Papua New Guinea Conservation and Environmental Protection Authority (“CEPA”) regarding new waste oil management practices on March 3, 2026. On March 16, 2026, CEPA issued an Enforcement Notice to LGL imposing new hazardous waste oil storage limits for the operation and an immaterial administrative penalty. Compliance with the proposed limits would impact Lihir's operations. The Company believes such new requirements are inconsistent with LGL’s existing environmental permit and applicable law, and is pursuing available administrative remedies. These include applications for administrative review and a request for withdrawal of the Enforcement Notice and suspension of any enforcement action. Enforcement action by CEPA could include the suspension of certain activities permitted under LGL’s environmental permit. Discussions with relevant government authorities are ongoing. The outcome of the matter cannot be predicted with certainty. Refer to the Risk Factor under the heading "Our operations at Lihir and project at Wafi-Golpu in PNG are subject to political and regulatory risks and other uncertainties" in Part I, Item IA of the Company's Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 19, 2026, for additional information regarding uncertainties related to Lihir.
Cadia Holdings Pty Ltd. - 100% Newmont Owned
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. On December 19, 2025, the NSW EPA withdrew and discontinued these proceedings. Cadia Holdings and the NSW EPA entered into an enforceable undertaking where Cadia Holdings agreed to pay an amount less than $1 to the NSW Department of Climate Change, Energy, the Environment and Water ("NSW DCCEEW") to support the Rural Dust Monitoring Network managed by Climate and Atmospheric Science and the NSW DCCEEW. Cadia Holdings will also pay an amount less than $1 to the NSW EPA for the costs incurred by the NSW EPA in connection with the incidents and with respect to negotiating and entering into the enforceable undertaking.
Additionally, on February 2, 2026, a class action proceeding was commenced in the Supreme Court of New South Wales against Cadia Holdings. The proceeding has been brought on behalf of the named plaintiffs and other persons who fall within a defined class of persons who owned, leased, or occupied land located within a specified area surrounding the Cadia mine during the period from February 2, 2020 to February 3, 2026, and who allege that they have suffered loss or damage as a result of alleged injury to, or interference with, that land. The plaintiffs allege that such loss or damage arose from alleged contamination associated with Cadia Holdings, including alleged contamination of land, public waterways, groundwater, and/or air. The claims assert that the alleged impacts are attributable to dust and fluid emissions from Cadia Holdings’ operations. Plaintiffs seek unspecified monetary damages and other relief. Newmont intends to vigorously defend this matter but cannot reasonably predict the outcome.
Cripple Creek & Victor Gold Mining Company LLC - 100% Newmont Owned through February 28, 2025
On February 28, 2025, the Company completed the sale of the Cripple Creek & Victor Gold Mining Company LLC (“CC&V”) reportable segment to SSR. In March 2026, under the terms of the agreement with SSR, Newmont received $87.5 in deferred cash contingent consideration relating to the resolution of certain regulatory applications concerning 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.
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. The monitoring data accumulated since the mid-1970s have indicated 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 Water Quality Control Division of the Colorado Department of Public Health and Environment (the “Division”) issued new discharge permits in January 2021, the Division imposed new water quality limits. A Settlement Agreement entered into by CC&V and the Division in December 2021 extended the timeframe for full permit compliance to November 2027, and CC&V expressly reserved the right to challenge the need for a discharge permit in the first place. 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. In June 2025, the Water Quality Control Commission agreed to site specific standards for CC&V and a Discharger Specific Variance ("DSV") for certain water quality standards. In January 2026, the Division issued a modification to CC&V's discharge permit to implement site specific standards for certain water quality standards, and a DSV and compliance extension for certain other standards.
Depending on the plans that may ultimately be agreed with regulators, a material adjustment to the remediation liability may be required. On March 9, 2026, Newmont and CC&V filed a lawsuit in federal court against the Colorado Water Quality Control Division seeking a declaratory judgment that federal and state law do not require the discharge permit for the Carlton Tunnel outflows.
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 were 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”), now Zijin Golden Ridge Limited ("ZGRL"), 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 mining leases were both ratified by Parliament; the NGGL June 13, 2001 mining lease, ratified by Parliament on October 21, 2008, and the renewed NGRL September 4, 2024 mining lease, ratified by Parliament on July 24, 2025. 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 unratified 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 ATO is conducting a limited review of the Company’s prior 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 believes the 2011 reorganization is subject to capital gains tax of approximately $85 (including interest and penalties). The Company disputes 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 on November 10, 2025, the Company received the judgment. A number of matters were decided,
however, no final orders were made and an independent referee was appointed to complete the remaining valuation tasks assigned by the Court. The final orders are expected to be received in the second quarter of 2026. In April 2026, the Australian Government announced proposed legislative changes to the TARP framework which, if enacted with retrospective effect, could adversely impact the Company's position in this matter. The Company cannot reasonably predict the outcome of this matter.
Newmont Corporation
Karas v. Newmont Corp., et al. On January 31, 2025, a putative class action lawsuit was filed against Newmont and Newmont’s, at the time, Chief Executive Officer, Chief Operating Officer, and 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. Plaintiffs filed an opposition to that motion on November 4, 2025 and defendants filed a reply brief on December 4, 2025. On November 4, 2025, plaintiffs also filed a motion to strike or to convert defendants' motion to dismiss to a motion for summary judgment and for full discovery. Defendants filed an opposition to that motion on November 12, 2025 and plaintiffs filed a reply brief on November 26, 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, at the time, Chief Executive Officer, Chief Operating Officer, 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; the Company lacked adequate internal controls and oversight over risk management; the defendants made materially false and misleading statements in the Company’s 2024 proxy statement, and 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, at the time, Chief Executive Officer, Chief Operating Officer, 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 March 31, 2026 and December 31, 2025, there were $1,786 and $1,943, 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 24 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, 2025, as filed with the SEC on February 19, 2026, for information on the Company's contingent payments.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Natascha Vilijoen [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On February 23, 2026, Natascha Viljoen, President, Chief Executive Officer, and Director, adopted a 10b5-1 Trading Plan with a term of 9 months, and provided for the sale of up to 34,938 shares of common stock pursuant to the terms of the plan. The adoption of such 10b5-1 Trading Plan occurred during an open insider trading window, complied with the Company’s standards on insider trading, and included a required cooling-off period before any trading could commence under the plan.
Name Natascha Viljoen
Title President, Chief Executive Officer, and Director
Rule 10b5-1 Arrangement Adopted true
Adoption Date February 23, 2026
Arrangement Duration 9 months
Aggregate Available 34,938
v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 3 Months Ended
Mar. 31, 2026
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 commodity prices, primarily for gold, as well as copper, silver, lead, and zinc. Commodity markets have been historically very volatile, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or unfavorable movement in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital, and the economic viability of mineral reserves. The carrying values of the Company’s Property, plant and mine development, net; Inventories; Stockpiles and ore on leach pads; Investments; Deferred income tax assets; and Goodwill are particularly sensitive to commodity price assumptions. A decline in the Company’s commodity price outlook could result in material impairment charges related to these assets.
The Company's global operations expose it to risks arising from public health crises, macroeconomic conditions, including inflationary pressures and related monetary policy actions, and geopolitical developments. Ongoing or escalating geopolitical tensions and military activity, including military operations in Iran, Ukraine, and Venezuela, as well as the potential for additional conflicts, war, or civil unrest, may disrupt global supply chains, including cost and supply of critical materials, increase in fuel, energy, and transportation and other operating costs, and contribute to volatility in labor, financial, and commodity markets.
Additional factors that could have short- and, possibly, long-term material adverse impacts on the Company include continued volatility in commodity prices; changes in equity and debt markets or country-specific factors affecting discount rates; significant cost inflation impacting production, capital expenditures, and asset retirement costs; logistical constraints; energy market disruptions; workforce interruptions; and uncertainties related to the costs, timing, and execution of projects.
Refer to Note 18 and Part II, Item 1A Risk Factors 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, 2025, as filed with the SEC on February 19, 2026.
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.
Reclassifications
Reclassifications
Certain amounts and disclosures in prior years have been reclassified to conform to the current year presentation.
Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules
Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules
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.
v3.26.1
DIVESTITURES (Tables)
 3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Gains Recognized on Completed Sales
Gains recognized on the completed sales during the three months ended March 31, 2025 are summarized in the table below; value of consideration received and indemnifications provided represent the value at the time of close.
CC&VMusselwhiteÉléonoreTotal
Cash received, net of working capital adjustments$109 $799 $784 $1,692 
Deferred consideration received154 14 — 168 
Equity consideration— — — — 
Value of consideration received263 813 784 1,860 
Less: Carrying value of net assets divested(196)(794)(612)(1,602)
Less: Indemnification provided(65)— — (65)
Gain on completed sales (1)
$2 $19 $172 $193 
____________________________
(1)Recognized in (Gain) loss on sale of assets held for sale.
Schedule of (Gain) Loss on Sale of Assets Held for Sale
(Gain) loss on sale of assets held for sale consisted of the following:
Three Months Ended
March 31,
20262025
(Gain) on completed sales$— $(193)
(Reversal of write-downs) write-downs on assets held for sale— (76)
Tax impact— (17)
Other (1)
— 10 
$— $(276)
____________________________
(1)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.
v3.26.1
SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information of Company's Segments
The financial information relating to the Company’s segments is as follows:
Three Months Ended
March 31, 2026		SalesCosts Applicable to SalesDepreciation and Amortization
Reclamation and Remediation
Advanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)
Income (Loss) before Income and Mining Tax and Other Items
Total Assets
Capital Expenditures (2)
Managed
Lihir$562 $176 $45 $4 $2 $(3)$338 $5,860 $22 
Cadia:
Gold480 101 41 
Copper265 61 25 
Total Cadia745 162 66 1 7 20 489 6,829 163 
Tanami434 98 31 1 2 20 282 2,851 145 
Boddington:
Gold489 137 27 
Copper36 11 2 
Total Boddington525 148 29 4 1 13 330 2,381 35 
Ahafo South597 212 42 2 9 1 331 2,023 33 
Ahafo North317 75 20 — 2 — 220 1,214 29 
Merian409 111 20 1 6 — 271 920 15 
Cerro Negro
264 66 33 2 5 3 155 1,948 25 
Yanacocha677 140 29 39 3 (14)480 2,389 1 
Peñasquito:
Gold287 68 29 
Silver658 145 63 
Lead52 17 7 
Zinc183 67 22 
Total Peñasquito1,180 297 121 9 3 (4)754 4,794 32 
Red Chris
Gold68 22 9 
Copper77 26 11 
Total Red Chris145 48 20 2 2 3 70 2,653 33 
Brucejack281 98 41 1 3 1 137 2,594 16 
Non-managed
NGM1,171 306 122 3 9 (3)734 7,430 102 
Total Reportable Segments7,307 1,937 619 69 54 37 4,591 43,886 651 
Corporate and Other— — 13 9 42 (56)(8)13,784 5 
Consolidated$7,307 $1,937 $632 $78 $96 $(19)$4,583 $57,670 $656 
____________________________
(1)Other Segment Expenses (Income) for all reportable segments includes General and administrative, Other expense, net, Other income (loss), net, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other. Refer to Notes 7 and 8, for further information on Other expense, net and Other income (loss), net, respectively.
(2)Consolidated capital expenditures on a cash basis were $641 reflecting non-cash adjustments and hedge impacts of $15.
Three Months Ended
March 31, 2025		SalesCosts Applicable to SalesDepreciation and AmortizationReclamation and RemediationAdvanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)
Income (Loss) before Income and Mining Tax and Other ItemsTotal Assets
Capital Expenditures (2)
Managed
Lihir$455 $161 $40 $3 $1 $5 $245 $5,655 $45 
Cadia:
Gold316 77 33 
Copper211 71 30 
Total Cadia527 148 63 1 — 19 296 6,315 129 
Tanami210 82 25 1 2 1 99 2,350 131 
Boddington:
Gold414 167 29 
Copper74 38 7 
Total Boddington488 205 36 4 3 2 238 2,402 42 
Ahafo South (3)
574 247 49 2 8 (7)275 1,892 42 
Ahafo North (3)
— — — — 2 — (2)825 71 
Merian141 72 15 1 7 — 46 956 15 
Cerro Negro
108 78 28 1 5 4 (8)1,832 48 
Yanacocha279 93 26 45 1 6 108 1,929 4 
Peñasquito:
Gold366 106 47 
Silver188 62 28 
Lead42 21 10 
Zinc181 110 45 
Total Peñasquito777 299 130 5 4 1 338 4,700 25 
Red Chris:
Gold45 16 5 
Copper69 35 11 
Total Red Chris114 51 16 2 2 (1)44 2,614 27 
Brucejack133 83 46 1 2 4 (3)2,653 16 
Non-managed
NGM626 308 97 3 2 1 215 7,465 102 
Held for sale (4)
Porcupine145 63 1 5 1 (92)167 1,302 44 
Akyem113 90 3 4 — 2 14 794 8 
Total Reportable Segments4,690 1,980 575 78 40 (55)2,072 43,684 749 
Corporate and Other— — 16 11 50 (98)21 11,835 2 
Divested (4)
CC&V88 39 2 2 — (3)48 — 5 
Musselwhite94 33 — 1 — (18)78 — 14 
Éléonore138 54 — 1 2 (171)252 — 12 
Consolidated$5,010 $2,106 $593 $93 $92 $(345)$2,471 $55,519 $782 
____________________________
(1)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, and Interest expense, net of capitalized interest, which along with Other income (loss), net, are primarily incurred at the non-operating segment Corporate and Other.
(2)Consolidated capital expenditures on a cash basis were $826 reflecting non-cash adjustments and hedge impacts of $44.
(3)In the fourth quarter of 2025, the Ahafo North development project achieved commercial production resulting in designation as a reportable segment. Prior to declaration of commercial production, Ahafo North was classified as a development project, and all activity was included in the Ahafo South reportable segment. Although not a reportable segment until the fourth quarter of 2025, the amounts related to Ahafo North have been reported separately for comparability purposes.
(4)Refer to Note 3 for information on the Company's divestitures. The Coffee development project disposal group is included in Corporate and Other.
v3.26.1
SALES (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Sales by Mining Operation, Product and Inventory Type
The following table presents the Company’s Sales by mining operation, product, and inventory type:
Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal SalesGold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Managed
Lihir$562 $— $562 $455 $— $455 
Cadia:
Gold67 413 480 30 286 316 
Copper— 265 265 — 211 211 
Total Cadia67 678 745 30 497 527 
Tanami434 — 434 210 — 210 
Boddington:
Gold133 356 489 94 320 414 
Copper— 36 36 — 74 74 
Total Boddington133 392 525 94 394 488 
Ahafo South597 — 597 574 — 574 
Ahafo North (1)
317 — 317 — — — 
Merian408 1 409 137 4 141 
Cerro Negro 264 — 264 108 — 108 
Yanacocha659 18 677 270 9 279 
Peñasquito:
Gold— 287 287 — 366 366 
Silver (2)
— 658 658 — 188 188 
Lead— 52 52 — 42 42 
Zinc— 183 183 — 181 181 
Total Peñasquito— 1,180 1,180 — 777 777 
Red Chris:
Gold— 68 68 — 45 45 
Copper— 77 77 — 69 69 
Total Red Chris— 145 145 — 114 114 
Brucejack211 70 281 87 46 133 
Non-managed
NGM (3)
1,124 47 1,171 587 39 626 
Divested (4)
CC&V— — — 88 — 88 
Musselwhite — — — 94 — 94 
Porcupine — — — 145 — 145 
Éléonore — — — 138 — 138 
Akyem— — — 113 — 113 
Consolidated$4,776 $2,531 $7,307 $3,130 $1,880 $5,010 
____________________________
(1)In the fourth quarter of 2025, the Company declared commercial production at its Ahafo North project in Ghana resulting in classification as a reportable segment.
(2)Silver sales from concentrate includes $29 and $19 related to non-cash amortization of the silver streaming agreement liability for the three months ended March 31, 2026 and 2025, respectively.
(3)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $1,128 and $589 for the three months ended March 31, 2026 and 2025, respectively.
(4)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 March 31, 2026, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months:
GoldCopperSilverLeadZinc
(ounces)(pounds)(ounces)(pounds)(pounds)
Provisionally priced sales subject to final pricing (1)(2)
131 75 9 58 105 
Average provisional price (per ounce/pound)
$4,657 $5.55 $74.77 $0.85 $1.47 
____________________________
(1)Amounts reported in millions except gold ounces, which are reported in thousands.
(2)Includes provisionally priced by-product sales subject to final pricing, which are recognized as a reduction to Costs applicable to sales.
v3.26.1
RECLAMATION AND REMEDIATION (Tables)
 3 Months Ended
Mar. 31, 2026
Environmental Remediation Obligations [Abstract]  
Schedule of Reclamation and Remediation Expense
The Company’s Reclamation and remediation expense consisted of:
Three Months Ended
March 31,
20262025
Reclamation adjustments and other$1 $1 
Reclamation accretion72 87 
Reclamation expense73 88 
Remediation adjustments and other3 3 
Remediation accretion2 2 
Remediation expense5 5 
Reclamation and remediation$78 $93 
Schedule of Remediation and Reclamation Change in Liabilities
The following are reconciliations of Reclamation and remediation liabilities:
ReclamationRemediation
2026202520262025
Balance at January 1,$6,800 $7,015 $390 $370 
Divestitures (1)
— (4)— — 
Payments, net(203)(87)(6)(8)
Accretion expense 72 87 2 2 
Reclassification to Liabilities held for sale (1)
— (8)— — 
Balance at March 31,
$6,669 $7,003 $386 $364 
____________________________
(1)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. Additionally, in the first quarter of 2025, the Company completed the sale of CC&V, Musselwhite, and Éléonore reportable segments. Refer to Note 3 for information on the Company's divestitures.
At March 31, 2026At December 31, 2025
ReclamationRemediationTotalReclamationRemediationTotal
Current (1)
$822 $64 $886 $829 $64 $893 
Non-current (2)
5,847 322 6,169 5,971 326 6,297 
Total (3)
$6,669 $386 $7,055 $6,800 $390 $7,190 
____________________________
(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 $3,755 and $3,906 related to Yanacocha at March 31, 2026 and December 31, 2025, respectively.
v3.26.1
OTHER EXPENSE, NET (Tables)
 3 Months Ended
Mar. 31, 2026
Operating Costs and Expenses [Abstract]  
Schedule of Other Expense, Net
Three Months Ended
March 31,
20262025
Impairment charges$9 $15 
Restructuring and severance6 9 
Settlement costs(2)3 
Newcrest transaction and integration costs
— 4 
Other6 12 
Other expense, net$19 $43 
v3.26.1
OTHER INCOME (LOSS), NET (Tables)
 3 Months Ended
Mar. 31, 2026
Other Income, Nonoperating [Abstract]  
Other Income, Net
Three Months Ended
March 31,
20262025
Change in fair value of investments and options$87 $291 
Interest income84 41 
Foreign currency exchange, net(36)(20)
Gain (loss) on debt extinguishment (Note 15)
1 (10)
Gain (loss) on asset and investment sales— (5)
Other20 4 
Other income (loss), net$156 $301 
v3.26.1
INCOME AND MINING TAXES (Tables)
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Schedule of 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 March 31, (1)
20262025
Income (loss) before income and mining tax and other items$4,583 $2,471 
U.S. Federal statutory tax rate21 %962 21 %519 
Reconciling items:
Change in valuation allowance on deferred tax assets(2)(111)(8)(197)
Foreign rate differential (2)
8 381 7 180 
Mining and other taxes (net of associated federal benefit)3 144 3 63 
Tax impact of foreign exchange 1 24 — (8)
Akyem recognition of DTL for assets held for sale— — — 2 
Tax impact of divestitures (3)
— — 3 83 
Other— 4 — 5 
Income and mining tax expense (benefit)31 %$1,404 26 %$647 
____________________________
(1)Tax rates may not recalculate due to rounding.
(2)Includes impact of increase in corporate tax rate at Ghana from 32.5% to 35% effective January 1, 2026, as a result of the expiration of the Revised Investment Agreement.
(3)Refer to Note 3 for information on the Company's divestitures.
v3.26.1
FAIR VALUE ACCOUNTING (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of 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, 2025, as filed with the SEC on February 19, 2026, for further information on the Company's assets and liabilities included in the fair value hierarchy presented below.
Fair Value at March 31, 2026
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$8,775 $8,775 $— $— 
Restricted cash36 36 — — 
Trade receivables from provisional concentrate sales1,081 — 1,081 — 
Marketable equity and other securities (Note 12)
232 232 — — 
Restricted marketable debt and other securities (Note 6)
14 14 — — 
Derivative assets (Note 11)
256 — 80 176 
$10,394 $9,057 $1,161 $176 
Liabilities:
Debt (Note 15) (2)
$5,156 $— $5,156 $— 
Derivative liabilities (Note 11)
3 — 3 — 
$5,159 $— $5,159 $— 
Fair Value at December 31, 2025
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$7,647 $7,647 $— $— 
Restricted cash37 37 — — 
Trade receivables from provisional concentrate sales1,064 — 1,064 — 
Long-lived assets78 — — 78 
Marketable equity and other securities (Note 12)
740 740 — — 
Restricted marketable debt and other securities (Note 6)
13 13 — — 
Derivative assets (Note 11)
262 — 60 202 
$9,841 $8,437 $1,124 $280 
Liabilities:
Debt (Note 15) (2)
$5,283 $— $5,283 $— 
Derivative liabilities (Note 11)
1 — 1 — 
Other liabilities339 — 339 — 
$5,623 $— $5,623 $— 
____________________________
(1)Cash and cash equivalents includes short-term deposits that have an original maturity of three months or less.
(2)Debt is carried at amortized cost. The outstanding carrying value was $5,079 and $5,115 at March 31, 2026 and December 31, 2025, respectively. The fair value measurement of debt was based on an independent third-party pricing source.
Schedule of 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 March 31, 2026 and December 31, 2025:
Description
At March 31, 2026
Valuation TechniqueSignificant InputRange, Point Estimate or AverageWeighted Average Discount Rate
Derivative assets:
Hedging instruments$156 Income approachForward power prices
A$38 - A$605
7.00%
Contingent consideration assets$20 Income approach
Forward gold prices
$4,349—%
Description
At December 31, 2025
Valuation TechniqueSignificant InputRange, Point Estimate or Average
Weighted Average Discount Rate
Long-lived assets$78 Market-based approach
Various (1)
Various (1)
Derivative assets:
Hedging instruments$162 Income approachForward power prices
A$37 - A$703
7.00%
Contingent consideration assets$40 Income approachForward gold prices$4,254—%
____________________________
(1)Comprised of the nonrecurring impairment charge incurred on the Yanacocha Sulfides project equipment for the year ended December 31, 2025. The significant input to the fair value measurement included an estimated recoverability percentage of the original purchase order value of the equipment expected to be realized upon sale, which was based on completed sales up to December 31, 2025.
Schedule of 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 Assets
Fair value at December 31, 2025$202 $202 
Settlements (1)
(20)(20)
Fair value changes in Other comprehensive income (loss)
(6)(6)
Fair value at March 31, 2026$176 $176 
Derivative
Assets		Total AssetsDerivative
Liabilities		Total Liabilities
Fair value at December 31, 2024$142 $142 $6 $6 
Acquired through divestments (2)
168 168 — — 
Fair value changes in Other comprehensive income (loss)
43 43 (1)(1)
Fair value changes in Other income (loss), net
10 10 — — 
Fair value at March 31, 2025$363 $363 $5 $5 
____________________________
(1)In the first quarter of 2026, the Company received the first deferred payment of $20 related to the sale of the Musselwhite reportable segment. Refer to Note 3 for further information.
(2)The Company acquired contingent consideration assets as part of the divestitures that occurred in 2025. Refer to Note 3 for further information.
Schedule of 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 Assets
Fair value at December 31, 2025$202 $202 
Settlements (1)
(20)(20)
Fair value changes in Other comprehensive income (loss)
(6)(6)
Fair value at March 31, 2026$176 $176 
Derivative
Assets		Total AssetsDerivative
Liabilities		Total Liabilities
Fair value at December 31, 2024$142 $142 $6 $6 
Acquired through divestments (2)
168 168 — — 
Fair value changes in Other comprehensive income (loss)
43 43 (1)(1)
Fair value changes in Other income (loss), net
10 10 — — 
Fair value at March 31, 2025$363 $363 $5 $5 
____________________________
(1)In the first quarter of 2026, the Company received the first deferred payment of $20 related to the sale of the Musselwhite reportable segment. Refer to Note 3 for further information.
(2)The Company acquired contingent consideration assets as part of the divestitures that occurred in 2025. Refer to Note 3 for further information.
v3.26.1
DERIVATIVE INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
At March 31,
2026		At December 31,
2025
Current derivative assets: (1)
Hedging instruments:
Foreign currency cash flow hedges$80 $60 
Cadia PPA cash flow hedge3 7 
83 67 
Contingent consideration assets20 20 
$103 $87 
Non-current derivative assets: (2)
Hedging instruments:
Cadia PPA cash flow hedge$153 $155 
Contingent consideration assets— 20 
$153 $175 
Current derivative liabilities: (3)
Hedging instruments:
Foreign currency cash flow hedges$3 $1 
$3 $1 
____________________________
(1)Included in Other current assets.
(2)Included in Other non-current assets.
(3)Included in Other 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 March 31, 2026:
AUD-denominated capital expendituresAUD-denominated operating expendituresCAD-denominated operating expenditures
Status:
ActiveActiveActive
Amount entered into:A$1,734A$4,002C$1,088
Cash flow type:
Capital expenditures for construction and development
Operating expenditures
Operating expenditures
Incurred in the periods of:
October 2024 through December 2026
October 2024 through December 2026
October 2024 through December 2026
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
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 designated for hedging:
Three Months Ended
March 31,
20262025
(Gain) loss on cash flow hedges:
Foreign currency cash flow hedges (1)
$(18)$22 
Cadia PPA cash flow hedge (2)
2 3 
Interest rate contracts (3)
1 1 
$(15)$26 
____________________________
(1)As of March 31, 2026, a gain of $58 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.
(2)As of March 31, 2026, 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.
(3)As of March 31, 2026, 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.
v3.26.1
INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments
At March 31,
2026		At December 31,
2025
Current investments:
Marketable equity securities (1)(2)
$4 $594 
Non-current investments:
Marketable equity and other securities (3)
$253 $171 
Equity method investments (% ownership): 
Pueblo Viejo Mine (40%)
1,521 1,584 
NuevaUnión Project (50%)
974 973 
Lundin Gold (32%)
879 905 
Norte Abierto Project (50%)
560 553 
3,934 4,015 
$4,187 $4,186 
____________________________
(1)In the first quarter of 2026, the Company sold the remaining Greatland Resources Limited ("Greatland") shares for $134 as a result of the Greatland option being exercised. Refer to Note 16 for further information.
(2)In the first quarter of 2026, the Company sold its investment in SolGold plc for net proceeds of $116.
(3)Includes $25 accounted for under the measurement alternative.
Schedule of 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
March 31,
20262025
Pueblo Viejo (40%)
$88 $44 
Lundin Gold (32%)
63 27 
Other(2)7 
$149 $78 
v3.26.1
INVENTORIES (Tables)
 3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Schedule of Inventories
At March 31,
2026		At December 31,
2025
Materials and supplies$1,074 $1,060 
In-process165 199 
Concentrate192 162 
Precious metals70 91 
Inventories$1,501 $1,512 
v3.26.1
STOCKPILES AND ORE ON LEACH PADS (Tables)
 3 Months Ended
Mar. 31, 2026
STOCKPILES AND ORE ON LEACH PADS  
Schedule of Stockpiles and Ore on Leach Pads
At March 31, 2026
At December 31, 2025
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$970 $241 $1,211 $893 $284 $1,177 
Non-current2,347 191 2,538 2,284 126 2,410 
Total$3,317 $432 $3,749 $3,177 $410 $3,587 
v3.26.1
DEBT (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Minimum Debt Repayments
Scheduled minimum debt repayments are as follows:
At March 31,
2026
Year Ending December 31,
2026 (for the remainder of 2026)
$— 
2027— 
2028— 
2029265 
2030655 
Thereafter4,381 
Total face value of debt5,301 
Unamortized premiums, discounts, and issuance costs(222)
Debt$5,079 
Schedule of Debt Instrument Redemption
The following table summarizes the redemptions by senior note:
Three Months Ended March 31,
20262025
Settled Principal AmountTotal Repurchase AmountSettled Principal AmountTotal Repurchase Amount
5.30% Senior Notes due March 2026 (1)
$— $— $928 $957 
2.80% Senior Notes due October 2029
2 2 3 3 
3.25% Senior Notes due May 2030
14 14 18 17 
2.25% Senior Notes due October 2030
2 2 1 1 
2.60% Senior Notes due July 2032
24 21 31 26 
$42 $39 $981 $1,004 
____________________________
(1)Included a make-whole provision of $10.
v3.26.1
OTHER LIABILITIES (Tables)
 3 Months Ended
Mar. 31, 2026
Other Liabilities Disclosure [Abstract]  
Schedule of Other Liabilities
At March 31,
2026		At December 31,
2025
Other current liabilities:
Reclamation and remediation liabilities$886 $893 
Accrued operating costs557 421 
Accrued capital expenditures260 254 
Accrued royalties212 181 
Payables to NGM (1)
143 227 
Accrued interest65 57 
Hedging instruments (Note 11)
3 1 
Greatland Option (2)
— 339 
Other (3)
289 319 
$2,415 $2,692 
Other non-current liabilities:
Income and mining taxes (4)
$145 $133 
Indemnification liabilities63 63 
Other (5)
124 126 
$332 $322 
____________________________
(1)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.
(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. In the first quarter of 2026, the option was exercised resulting in extinguishment of the financial liability and sale of the remaining shares for $134.
(3)Primarily consists of the current portion of the silver streaming agreement liability, taxes other than income and mining taxes and current portion of operating lease liabilities.
(4)Primarily consists of unrecognized tax benefits, including penalties and interest.
(5)Primarily consists of the non-current portion of operating lease liabilities.
v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​​ (Tables)
 3 Months Ended
Mar. 31, 2026
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Schedule of Change in Accumulated Other Comprehensive Income (Loss)
Unrealized Gain (Loss) on Hedge InstrumentsOther AdjustmentsTotal
Balance at December 31, 2025$41 $96 $137 
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications33 (1)32 
(Gain) loss reclassified from accumulated other comprehensive income (loss)
(15)2 (13)
Other comprehensive income (loss)18 1 19 
Balance at March 31, 2026$59 $97 $156 
v3.26.1
DIVESTITURES - Schedule of Gains Recognized on Completed Sales (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Disposal group    
Gain on completed sales $ 0 $ 193
Discontinued operations disposed of by sale    
Disposal group    
Cash received, net of working capital adjustments 1,692  
Deferred consideration received 168  
Equity consideration 0  
Value of consideration received 1,860  
Less: Carrying value of net assets divested (1,602)  
Less: Indemnification provided (65)  
Gain on completed sales 193  
Discontinued operations disposed of by sale | CC&V    
Disposal group    
Cash received, net of working capital adjustments 109  
Deferred consideration received 154  
Equity consideration 0  
Value of consideration received 263  
Less: Carrying value of net assets divested (196)  
Less: Indemnification provided (65)  
Gain on completed sales 2  
Discontinued operations disposed of by sale | Musselwhite    
Disposal group    
Cash received, net of working capital adjustments 799  
Deferred consideration received 14  
Equity consideration 0  
Value of consideration received 813  
Less: Carrying value of net assets divested (794)  
Less: Indemnification provided 0  
Gain on completed sales 19  
Discontinued operations disposed of by sale | Éléonore    
Disposal group    
Cash received, net of working capital adjustments 784  
Deferred consideration received 0  
Equity consideration 0  
Value of consideration received 784  
Less: Carrying value of net assets divested (612)  
Less: Indemnification provided 0  
Gain on completed sales $ 172  
v3.26.1
DIVESTITURES - Narrative (Details) - Discontinued operations disposed of by sale
$ in Millions
 3 Months Ended
Feb. 28, 2025
USD ($)
installment
payment
Mar. 31, 2026
USD ($)
CC&V    
Disposal group    
Deferred compensation receivable $ 175.0  
Deferred compensation, number of installments | installment 2  
Deferred payment receivable $ 87.5  
Deferred payment received   $ 87.5
Indemnification coverage, percent 0.90  
Indemnification cost threshold $ 500.0  
Indemnification lump sum settlement option | payment 1  
Musselwhite    
Disposal group    
Deferred compensation receivable $ 40.0  
Deferred compensation, number of installments | installment 2  
Deferred payment received   $ 20.0
Deferred compensation receivable, installment amount 20.0  
v3.26.1
DIVESTITURES - Schedule of (Gain) Loss on Sale of Assets Held for Sale (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]    
(Gain) on completed sales $ 0 $ (193)
(Reversal of write-downs) write-downs on assets held for sale 0 (76)
Tax impact 0 (17)
Other 0 10
(Gain) loss on sale of assets held for sale (Note 3) $ 0 $ (276)
v3.26.1
SEGMENT INFORMATION - Narrative (Details)
 3 Months Ended
Mar. 31, 2026
segment
mining_operation
Segment Reporting Information [Line Items]  
Number of operating segments 13
Number of reportable segments 13
Number of mining operations | mining_operation 12
NGM  
Segment Reporting Information [Line Items]  
Ownership interest (as a percent) 38.50%
v3.26.1
SEGMENT INFORMATION - Schedule of Financial Information of Company's Segments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Segment Reporting Information [Line Items]      
Sales $ 7,307 $ 5,010  
Costs Applicable to Sales [1] 1,937 2,106  
Depreciation and amortization 632 593  
Reclamation and Remediation 78 93  
Advanced Projects, Research and Development and Exploration 96 92  
Other segment expenses (income) (19) (345)  
Income (Loss) before Income and Mining Tax and Other Items 4,583 2,471  
Total Assets 57,670 55,519 $ 57,121
Capital Expenditures 656 782  
Consolidated capital expenditures on a cash basis 641 826  
Increase (decrease) in accrued capital expenditures 15 (44)  
Operating Segments      
Segment Reporting Information [Line Items]      
Sales 7,307 4,690  
Costs Applicable to Sales 1,937 1,980  
Depreciation and amortization 619 575  
Reclamation and Remediation 69 78  
Advanced Projects, Research and Development and Exploration 54 40  
Other segment expenses (income) 37 (55)  
Income (Loss) before Income and Mining Tax and Other Items 4,591 2,072  
Total Assets 43,886 43,684  
Capital Expenditures 651 749  
Operating Segments | Lihir | Continuing Operations      
Segment Reporting Information [Line Items]      
Sales 562 455  
Costs Applicable to Sales 176 161  
Depreciation and amortization 45 40  
Reclamation and Remediation 4 3  
Advanced Projects, Research and Development and Exploration 2 1  
Other segment expenses (income) (3) 5  
Income (Loss) before Income and Mining Tax and Other Items 338 245  
Total Assets 5,860 5,655  
Capital Expenditures 22 45  
Operating Segments | Cadia | Continuing Operations      
Segment Reporting Information [Line Items]      
Sales 745 527  
Costs Applicable to Sales 162 148  
Depreciation and amortization 66 63  
Reclamation and Remediation 1 1  
Advanced Projects, Research and Development and Exploration 7 0  
Other segment expenses (income) 20 19  
Income (Loss) before Income and Mining Tax and Other Items 489 296  
Total Assets 6,829 6,315  
Capital Expenditures 163 129  
Operating Segments | Cadia | Continuing Operations | Gold      
Segment Reporting Information [Line Items]      
Sales 480 316  
Costs Applicable to Sales 101 77  
Depreciation and amortization 41 33  
Operating Segments | Cadia | Continuing Operations | Copper      
Segment Reporting Information [Line Items]      
Sales 265 211  
Costs Applicable to Sales 61 71  
Depreciation and amortization 25 30  
Operating Segments | Tanami | Continuing Operations      
Segment Reporting Information [Line Items]      
Sales 434 210  
Costs Applicable to Sales 98 82  
Depreciation and amortization 31 25  
Reclamation and Remediation 1 1  
Advanced Projects, Research and Development and Exploration 2 2  
Other segment expenses (income) 20 1  
Income (Loss) before Income and Mining Tax and Other Items 282 99  
Total Assets 2,851 2,350  
Capital Expenditures 145 131  
Operating Segments | Boddington: | Continuing Operations      
Segment Reporting Information [Line Items]      
Sales 525 488  
Costs Applicable to Sales 148 205  
Depreciation and amortization 29 36  
Reclamation and Remediation 4 4  
Advanced Projects, Research and Development and Exploration 1 3  
Other segment expenses (income) 13 2  
Income (Loss) before Income and Mining Tax and Other Items 330 238  
Total Assets 2,381 2,402  
Capital Expenditures 35 42  
Operating Segments | Boddington: | Continuing Operations | Gold      
Segment Reporting Information [Line Items]      
Sales 489 414  
Costs Applicable to Sales 137 167  
Depreciation and amortization 27 29  
Operating Segments | Boddington: | Continuing Operations | Copper      
Segment Reporting Information [Line Items]      
Sales 36 74  
Costs Applicable to Sales 11 38  
Depreciation and amortization 2 7  
Operating Segments | Ahafo South | Continuing Operations      
Segment Reporting Information [Line Items]      
Sales 597 574  
Costs Applicable to Sales 212 247  
Depreciation and amortization 42 49  
Reclamation and Remediation 2 2  
Advanced Projects, Research and Development and Exploration 9 8  
Other segment expenses (income) 1 (7)  
Income (Loss) before Income and Mining Tax and Other Items 331 275  
Total Assets 2,023 1,892  
Capital Expenditures 33 42  
Operating Segments | Ahafo North | Continuing Operations      
Segment Reporting Information [Line Items]      
Sales 317 0  
Costs Applicable to Sales 75 0  
Depreciation and amortization 20 0  
Reclamation and Remediation 0 0  
Advanced Projects, Research and Development and Exploration 2 2  
Other segment expenses (income) 0 0  
Income (Loss) before Income and Mining Tax and Other Items 220 (2)  
Total Assets 1,214 825  
Capital Expenditures 29 71  
Operating Segments | Merian | Continuing Operations      
Segment Reporting Information [Line Items]      
Sales 409 141  
Costs Applicable to Sales 111 72  
Depreciation and amortization 20 15  
Reclamation and Remediation 1 1  
Advanced Projects, Research and Development and Exploration 6 7  
Other segment expenses (income) 0 0  
Income (Loss) before Income and Mining Tax and Other Items 271 46  
Total Assets 920 956  
Capital Expenditures 15 15  
Operating Segments | Cerro Negro | Continuing Operations      
Segment Reporting Information [Line Items]      
Sales 264 108  
Costs Applicable to Sales 66 78  
Depreciation and amortization 33 28  
Reclamation and Remediation 2 1  
Advanced Projects, Research and Development and Exploration 5 5  
Other segment expenses (income) 3 4  
Income (Loss) before Income and Mining Tax and Other Items 155 (8)  
Total Assets 1,948 1,832  
Capital Expenditures 25 48  
Operating Segments | Yanacocha | Continuing Operations      
Segment Reporting Information [Line Items]      
Sales 677 279  
Costs Applicable to Sales 140 93  
Depreciation and amortization 29 26  
Reclamation and Remediation 39 45  
Advanced Projects, Research and Development and Exploration 3 1  
Other segment expenses (income) (14) 6  
Income (Loss) before Income and Mining Tax and Other Items 480 108  
Total Assets 2,389 1,929  
Capital Expenditures 1 4  
Operating Segments | Peñasquito: | Continuing Operations      
Segment Reporting Information [Line Items]      
Sales 1,180 777  
Costs Applicable to Sales 297 299  
Depreciation and amortization 121 130  
Reclamation and Remediation 9 5  
Advanced Projects, Research and Development and Exploration 3 4  
Other segment expenses (income) (4) 1  
Income (Loss) before Income and Mining Tax and Other Items 754 338  
Total Assets 4,794 4,700  
Capital Expenditures 32 25  
Operating Segments | Peñasquito: | Continuing Operations | Gold      
Segment Reporting Information [Line Items]      
Sales 287 366  
Costs Applicable to Sales 68 106  
Depreciation and amortization 29 47  
Operating Segments | Peñasquito: | Continuing Operations | Silver      
Segment Reporting Information [Line Items]      
Sales 658 188  
Costs Applicable to Sales 145 62  
Depreciation and amortization 63 28  
Operating Segments | Peñasquito: | Continuing Operations | Lead      
Segment Reporting Information [Line Items]      
Sales 52 42  
Costs Applicable to Sales 17 21  
Depreciation and amortization 7 10  
Operating Segments | Peñasquito: | Continuing Operations | Zinc      
Segment Reporting Information [Line Items]      
Sales 183 181  
Costs Applicable to Sales 67 110  
Depreciation and amortization 22 45  
Operating Segments | Red Chris | Continuing Operations      
Segment Reporting Information [Line Items]      
Sales 145 114  
Costs Applicable to Sales 48 51  
Depreciation and amortization 20 16  
Reclamation and Remediation 2 2  
Advanced Projects, Research and Development and Exploration 2 2  
Other segment expenses (income) 3 (1)  
Income (Loss) before Income and Mining Tax and Other Items 70 44  
Total Assets 2,653 2,614  
Capital Expenditures 33 27  
Operating Segments | Red Chris | Continuing Operations | Gold      
Segment Reporting Information [Line Items]      
Sales 68 45  
Costs Applicable to Sales 22 16  
Depreciation and amortization 9 5  
Operating Segments | Red Chris | Continuing Operations | Copper      
Segment Reporting Information [Line Items]      
Sales 77 69  
Costs Applicable to Sales 26 35  
Depreciation and amortization 11 11  
Operating Segments | Brucejack | Continuing Operations      
Segment Reporting Information [Line Items]      
Sales 281 133  
Costs Applicable to Sales 98 83  
Depreciation and amortization 41 46  
Reclamation and Remediation 1 1  
Advanced Projects, Research and Development and Exploration 3 2  
Other segment expenses (income) 1 4  
Income (Loss) before Income and Mining Tax and Other Items 137 (3)  
Total Assets 2,594 2,653  
Capital Expenditures 16 16  
Operating Segments | NGM | Continuing Operations      
Segment Reporting Information [Line Items]      
Sales 1,171 626  
Costs Applicable to Sales 306 308  
Depreciation and amortization 122 97  
Reclamation and Remediation 3 3  
Advanced Projects, Research and Development and Exploration 9 2  
Other segment expenses (income) (3) 1  
Income (Loss) before Income and Mining Tax and Other Items 734 215  
Total Assets 7,430 7,465  
Capital Expenditures 102 102  
Operating Segments | Porcupine | Discontinued Operations      
Segment Reporting Information [Line Items]      
Sales 0 145  
Costs Applicable to Sales   63  
Depreciation and amortization   1  
Reclamation and Remediation   5  
Advanced Projects, Research and Development and Exploration   1  
Other segment expenses (income)   (92)  
Income (Loss) before Income and Mining Tax and Other Items   167  
Total Assets   1,302  
Capital Expenditures   44  
Operating Segments | Akyem | Discontinued Operations      
Segment Reporting Information [Line Items]      
Sales 0 113  
Costs Applicable to Sales   90  
Depreciation and amortization   3  
Reclamation and Remediation   4  
Advanced Projects, Research and Development and Exploration   0  
Other segment expenses (income)   2  
Income (Loss) before Income and Mining Tax and Other Items   14  
Total Assets   794  
Capital Expenditures   8  
Operating Segments | CC&V | Discontinued Operations      
Segment Reporting Information [Line Items]      
Sales 0 88  
Costs Applicable to Sales   39  
Depreciation and amortization   2  
Reclamation and Remediation   2  
Advanced Projects, Research and Development and Exploration   0  
Other segment expenses (income)   (3)  
Income (Loss) before Income and Mining Tax and Other Items   48  
Total Assets   0  
Capital Expenditures   5  
Operating Segments | Musselwhite | Discontinued Operations      
Segment Reporting Information [Line Items]      
Sales 0 94  
Costs Applicable to Sales   33  
Depreciation and amortization   0  
Reclamation and Remediation   1  
Advanced Projects, Research and Development and Exploration   0  
Other segment expenses (income)   (18)  
Income (Loss) before Income and Mining Tax and Other Items   78  
Total Assets   0  
Capital Expenditures   14  
Operating Segments | Éléonore | Discontinued Operations      
Segment Reporting Information [Line Items]      
Sales 0 138  
Costs Applicable to Sales   54  
Depreciation and amortization   0  
Reclamation and Remediation   1  
Advanced Projects, Research and Development and Exploration   2  
Other segment expenses (income)   (171)  
Income (Loss) before Income and Mining Tax and Other Items   252  
Total Assets   0  
Capital Expenditures   12  
Corporate and Other      
Segment Reporting Information [Line Items]      
Sales 0 0  
Costs Applicable to Sales 0 0  
Depreciation and amortization 13 16  
Reclamation and Remediation 9 11  
Advanced Projects, Research and Development and Exploration 42 50  
Other segment expenses (income) (56) (98)  
Income (Loss) before Income and Mining Tax and Other Items (8) 21  
Total Assets 13,784 11,835  
Capital Expenditures $ 5 $ 2  
[1] Excludes Depreciation and amortization and Reclamation and remediation.
v3.26.1
SALES - Schedule of Sales by Mining Operation, Product and Inventory Type (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
SALES    
Sales $ 7,307 $ 5,010
Gold Sales from Doré Production    
SALES    
Sales 4,776 3,130
Sales from Concentrate and Other Production    
SALES    
Sales 2,531 1,880
Operating Segments    
SALES    
Sales 7,307 4,690
Operating Segments | Lihir | Continuing Operations    
SALES    
Sales 562 455
Operating Segments | Cadia | Continuing Operations    
SALES    
Sales 745 527
Operating Segments | Cadia | Continuing Operations | Cadia - Gold    
SALES    
Sales 480 316
Operating Segments | Cadia | Continuing Operations | Cadia - Copper    
SALES    
Sales 265 211
Operating Segments | Tanami | Continuing Operations    
SALES    
Sales 434 210
Operating Segments | Boddington: | Continuing Operations    
SALES    
Sales 525 488
Operating Segments | Boddington: | Continuing Operations | Boddington - Gold    
SALES    
Sales 489 414
Operating Segments | Boddington: | Continuing Operations | Boddington - Copper    
SALES    
Sales 36 74
Operating Segments | Ahafo South | Continuing Operations    
SALES    
Sales 597 574
Operating Segments | Ahafo North | Continuing Operations    
SALES    
Sales 317 0
Operating Segments | Merian | Continuing Operations    
SALES    
Sales 409 141
Operating Segments | Cerro Negro | Continuing Operations    
SALES    
Sales 264 108
Operating Segments | Yanacocha | Continuing Operations    
SALES    
Sales 677 279
Operating Segments | Peñasquito: | Continuing Operations    
SALES    
Sales 1,180 777
Operating Segments | Peñasquito: | Continuing Operations | Penasquito - Gold    
SALES    
Sales 287 366
Operating Segments | Peñasquito: | Continuing Operations | Pensaquito - Silver    
SALES    
Sales 658 188
Operating Segments | Peñasquito: | Continuing Operations | Penasquito - Lead    
SALES    
Sales 52 42
Operating Segments | Peñasquito: | Continuing Operations | Penasquito - Zinc    
SALES    
Sales 183 181
Operating Segments | Red Chris | Continuing Operations    
SALES    
Sales 145 114
Operating Segments | Red Chris | Continuing Operations | Red Chris - Gold    
SALES    
Sales 68 45
Operating Segments | Red Chris | Continuing Operations | Red Chris - Copper    
SALES    
Sales 77 69
Operating Segments | Brucejack | Continuing Operations    
SALES    
Sales 281 133
Operating Segments | NGM | Continuing Operations    
SALES    
Sales 1,171 626
Operating Segments | CC&V | Discontinued Operations    
SALES    
Sales 0 88
Operating Segments | Musselwhite | Discontinued Operations    
SALES    
Sales 0 94
Operating Segments | Porcupine | Discontinued Operations    
SALES    
Sales 0 145
Operating Segments | Éléonore | Discontinued Operations    
SALES    
Sales 0 138
Operating Segments | Akyem | Discontinued Operations    
SALES    
Sales 0 113
Operating Segments | Gold Sales from Doré Production | Lihir | Continuing Operations    
SALES    
Sales 562 455
Operating Segments | Gold Sales from Doré Production | Cadia | Continuing Operations    
SALES    
Sales 67 30
Operating Segments | Gold Sales from Doré Production | Cadia | Continuing Operations | Cadia - Gold    
SALES    
Sales 67 30
Operating Segments | Gold Sales from Doré Production | Cadia | Continuing Operations | Cadia - Copper    
SALES    
Sales 0 0
Operating Segments | Gold Sales from Doré Production | Tanami | Continuing Operations    
SALES    
Sales 434 210
Operating Segments | Gold Sales from Doré Production | Boddington: | Continuing Operations    
SALES    
Sales 133 94
Operating Segments | Gold Sales from Doré Production | Boddington: | Continuing Operations | Boddington - Gold    
SALES    
Sales 133 94
Operating Segments | Gold Sales from Doré Production | Boddington: | Continuing Operations | Boddington - Copper    
SALES    
Sales 0 0
Operating Segments | Gold Sales from Doré Production | Ahafo South | Continuing Operations    
SALES    
Sales 597 574
Operating Segments | Gold Sales from Doré Production | Ahafo North | Continuing Operations    
SALES    
Sales 317 0
Operating Segments | Gold Sales from Doré Production | Merian | Continuing Operations    
SALES    
Sales 408 137
Operating Segments | Gold Sales from Doré Production | Cerro Negro | Continuing Operations    
SALES    
Sales 264 108
Operating Segments | Gold Sales from Doré Production | Yanacocha | Continuing Operations    
SALES    
Sales 659 270
Operating Segments | Gold Sales from Doré Production | Peñasquito: | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Gold Sales from Doré Production | Peñasquito: | Continuing Operations | Penasquito - Gold    
SALES    
Sales 0 0
Operating Segments | Gold Sales from Doré Production | Peñasquito: | Continuing Operations | Pensaquito - Silver    
SALES    
Sales 0 0
Operating Segments | Gold Sales from Doré Production | Peñasquito: | Continuing Operations | Penasquito - Lead    
SALES    
Sales 0 0
Operating Segments | Gold Sales from Doré Production | Peñasquito: | Continuing Operations | Penasquito - Zinc    
SALES    
Sales 0 0
Operating Segments | Gold Sales from Doré Production | Red Chris | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Gold Sales from Doré Production | Red Chris | Continuing Operations | Red Chris - Gold    
SALES    
Sales 0 0
Operating Segments | Gold Sales from Doré Production | Red Chris | Continuing Operations | Red Chris - Copper    
SALES    
Sales 0 0
Operating Segments | Gold Sales from Doré Production | Brucejack | Continuing Operations    
SALES    
Sales 211 87
Operating Segments | Gold Sales from Doré Production | NGM | Continuing Operations    
SALES    
Sales 1,124 587
Operating Segments | Gold Sales from Doré Production | CC&V | Discontinued Operations    
SALES    
Sales 0 88
Operating Segments | Gold Sales from Doré Production | Musselwhite | Discontinued Operations    
SALES    
Sales 0 94
Operating Segments | Gold Sales from Doré Production | Porcupine | Discontinued Operations    
SALES    
Sales 0 145
Operating Segments | Gold Sales from Doré Production | Éléonore | Discontinued Operations    
SALES    
Sales 0 138
Operating Segments | Gold Sales from Doré Production | Akyem | Discontinued Operations    
SALES    
Sales 0 113
Operating Segments | Sales from Concentrate and Other Production | Lihir | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Sales from Concentrate and Other Production | Cadia | Continuing Operations    
SALES    
Sales 678 497
Operating Segments | Sales from Concentrate and Other Production | Cadia | Continuing Operations | Cadia - Gold    
SALES    
Sales 413 286
Operating Segments | Sales from Concentrate and Other Production | Cadia | Continuing Operations | Cadia - Copper    
SALES    
Sales 265 211
Operating Segments | Sales from Concentrate and Other Production | Tanami | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Sales from Concentrate and Other Production | Boddington: | Continuing Operations    
SALES    
Sales 392 394
Operating Segments | Sales from Concentrate and Other Production | Boddington: | Continuing Operations | Boddington - Gold    
SALES    
Sales 356 320
Operating Segments | Sales from Concentrate and Other Production | Boddington: | Continuing Operations | Boddington - Copper    
SALES    
Sales 36 74
Operating Segments | Sales from Concentrate and Other Production | Ahafo South | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Sales from Concentrate and Other Production | Ahafo North | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Sales from Concentrate and Other Production | Merian | Continuing Operations    
SALES    
Sales 1 4
Operating Segments | Sales from Concentrate and Other Production | Cerro Negro | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Sales from Concentrate and Other Production | Yanacocha | Continuing Operations    
SALES    
Sales 18 9
Operating Segments | Sales from Concentrate and Other Production | Peñasquito: | Continuing Operations    
SALES    
Sales 1,180 777
Operating Segments | Sales from Concentrate and Other Production | Peñasquito: | Continuing Operations | Penasquito - Gold    
SALES    
Sales 287 366
Operating Segments | Sales from Concentrate and Other Production | Peñasquito: | Continuing Operations | Pensaquito - Silver    
SALES    
Sales 658 188
Operating Segments | Sales from Concentrate and Other Production | Peñasquito: | Continuing Operations | Penasquito - Lead    
SALES    
Sales 52 42
Operating Segments | Sales from Concentrate and Other Production | Peñasquito: | Continuing Operations | Penasquito - Zinc    
SALES    
Sales 183 181
Operating Segments | Sales from Concentrate and Other Production | Red Chris | Continuing Operations    
SALES    
Sales 145 114
Operating Segments | Sales from Concentrate and Other Production | Red Chris | Continuing Operations | Red Chris - Gold    
SALES    
Sales 68 45
Operating Segments | Sales from Concentrate and Other Production | Red Chris | Continuing Operations | Red Chris - Copper    
SALES    
Sales 77 69
Operating Segments | Sales from Concentrate and Other Production | Brucejack | Continuing Operations    
SALES    
Sales 70 46
Operating Segments | Sales from Concentrate and Other Production | NGM | Continuing Operations    
SALES    
Sales 47 39
Operating Segments | Sales from Concentrate and Other Production | CC&V | Discontinued Operations    
SALES    
Sales 0 0
Operating Segments | Sales from Concentrate and Other Production | Musselwhite | Discontinued Operations    
SALES    
Sales 0 0
Operating Segments | Sales from Concentrate and Other Production | Porcupine | Discontinued Operations    
SALES    
Sales 0 0
Operating Segments | Sales from Concentrate and Other Production | Éléonore | Discontinued Operations    
SALES    
Sales 0 0
Operating Segments | Sales from Concentrate and Other Production | Akyem | Discontinued Operations    
SALES    
Sales 0 0
Operating Segments | Silver Streaming Agreement | Peñasquito: | Pensaquito - Silver    
SALES    
Sales 29 19
Eliminations | NGM    
SALES    
Sales $ 1,128 $ 589
v3.26.1
SALES - Trade Receivables and Provisional Sales (Details)
oz in Thousands, lb in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
oz
lb
$ / lb
$ / oz
Mar. 31, 2025
USD ($)
Revenue from Contract with Customer [Abstract]    
Increase (decrease) to sales from provisional pricing mark-to-market | $ $ 124 $ 139
Gold    
SALES    
Provisionally priced sales subject to final pricing (in ounces or pounds) | oz 131  
Average provisional price (in dollars per ounce or pound) | $ / oz 4,657  
Copper    
SALES    
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 75  
Average provisional price (in dollars per ounce or pound) | $ / lb 5.55  
Silver    
SALES    
Provisionally priced sales subject to final pricing (in ounces or pounds) | oz 9,000  
Average provisional price (in dollars per ounce or pound) | $ / oz 74.77  
Lead    
SALES    
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 58  
Average provisional price (in dollars per ounce or pound) | $ / lb 0.85  
Zinc    
SALES    
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 105  
Average provisional price (in dollars per ounce or pound) | $ / lb 1.47  
v3.26.1
RECLAMATION AND REMEDIATION - Schedule of Reclamation and Remediation Expense (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Reclamation and remediation expense    
Reclamation accretion $ 72 $ 87
Remediation accretion 2 2
Reclamation and remediation 78 93
Reclamation and remediation    
Reclamation and remediation expense    
Reclamation adjustments and other 1 1
Reclamation accretion 72 87
Reclamation expense 73 88
Remediation adjustments and other 3 3
Remediation accretion 2 2
Remediation expense 5 5
Reclamation and remediation $ 78 $ 93
v3.26.1
RECLAMATION AND REMEDIATION - Schedule of Reconciliation of Obligation (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Change in reclamation liability    
Balance at beginning of period $ 6,800 $ 7,015
Divestitures 0 (4)
Payments, net (203) (87)
Accretion expense  72 87
Reclassification to liabilities held for sale 0 (8)
Balance at end of period 6,669 7,003
Change in remediation liability    
Balance at beginning of period 390 370
Divestitures 0 0
Payments, net (6) (8)
Accretion expense  2 2
Reclassification to liabilities held for sale 0 0
Balance at end of period $ 386 $ 364
v3.26.1
RECLAMATION AND REMEDIATION - Schedule of Liability Classifications (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Reclamation and remediation expense        
Reclamation liabilities, current $ 822 $ 829    
Reclamation liabilities, non-current 5,847 5,971    
Reclamation obligations, operating properties 6,669 6,800 $ 7,003 $ 7,015
Remediation liabilities, current 64 64    
Remediation liabilities, non-current 322 326    
Total remediation liabilities 386 390 $ 364 $ 370
Total reclamation and remediation liabilities, current 886 893    
Total reclamation and remediation liabilities, non-current 6,169 6,297    
Total reclamation and remediation liabilities 7,055 7,190    
Minera Yanacocha        
Reclamation and remediation expense        
Reclamation obligations, operating properties $ 3,755 $ 3,906    
v3.26.1
RECLAMATION AND REMEDIATION - Additional Information (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Reclamation and remediation expense        
Asset retirement obligation restricted assets $ 32 $ 33    
Remediation liability 386 390 $ 364 $ 370
Yanacocha        
Reclamation and remediation expense        
Remediation liability $ 14 $ 13    
v3.26.1
OTHER EXPENSE, NET (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Costs and Expenses [Abstract]    
Impairment charges $ 9 $ 15
Restructuring and severance 6 9
Settlement costs (2) 3
Newcrest transaction and integration costs 0 4
Other 6 12
Other expense, net $ 19 $ 43
v3.26.1
OTHER INCOME (LOSS), NET (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Other Income, Nonoperating [Abstract]    
Change in fair value of investments and options $ 87 $ 291
Interest income 84 41
Foreign currency exchange, net (36) (20)
Gain (loss) on debt extinguishment 1 (10)
Gain (loss) on asset and investment sales 0 (5)
Other 20 4
Other income (loss), net $ 156 $ 301
v3.26.1
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
Mar. 31, 2026
Mar. 31, 2025
Income Tax Disclosure [Abstract]    
Income (loss) before income and mining tax and other items $ 4,583 $ 2,471
Reconciling item, percentage    
U.S. Federal statutory tax rate 21.00% 21.00%
Change in valuation allowance on deferred tax assets (2.00%) (8.00%)
Foreign rate differential 8.00% 7.00%
Mining and other taxes (net of associated federal benefit) 3.00% 3.00%
Tax impact of foreign exchange 1.00% 0.00%
Akyem recognition of DTL for assets held for sale 0 0
Tax impact of divestitures 0 0.03
Other 0.00% 0.00%
Income and mining tax expense (benefit) 31.00% 26.00%
Reconciling item, amount    
U.S. Federal statutory tax rate $ 962 $ 519
Change in valuation allowance on deferred tax assets (111) (197)
Foreign rate differential 381 180
Mining and other taxes (net of associated federal benefit) 144 63
Tax impact of foreign exchange 24 (8)
Akyem recognition of DTL for assets held for sale 0 2
Tax impact of divestitures 0 83
Other 4 5
Income and mining tax expense (benefit) $ 1,404 $ 647
v3.26.1
FAIR VALUE ACCOUNTING - Schedule of Assets and Liabilities Measured on Recurring and Nonrecurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets:    
Cash and cash equivalents $ 8,775 $ 7,647
Restricted cash 36 37
Trade receivables from provisional concentrate sales 1,081 1,064
Long-lived assets   78
Marketable equity and other securities (Note 12) 232 740
Restricted marketable debt and other securities (Note 6) 14 13
Derivative assets (Note 11) 256 262
Total assets 10,394 9,841
Liabilities:    
Debt 5,156 5,283
Derivative liabilities (Note 11) 3 1
Other liabilities   339
Total liabilities 5,159 5,623
Carrying value    
Liabilities:    
Debt 5,079 5,115
Level 1    
Assets:    
Cash and cash equivalents 8,775 7,647
Restricted cash 36 37
Trade receivables from provisional concentrate sales 0 0
Long-lived assets   0
Marketable equity and other securities (Note 12) 232 740
Restricted marketable debt and other securities (Note 6) 14 13
Derivative assets (Note 11) 0 0
Total assets 9,057 8,437
Liabilities:    
Debt 0 0
Derivative liabilities (Note 11) 0 0
Other liabilities   0
Total liabilities 0 0
Level 2    
Assets:    
Cash and cash equivalents 0 0
Restricted cash 0 0
Trade receivables from provisional concentrate sales 1,081 1,064
Long-lived assets   0
Marketable equity and other securities (Note 12) 0 0
Restricted marketable debt and other securities (Note 6) 0 0
Derivative assets (Note 11) 80 60
Total assets 1,161 1,124
Liabilities:    
Debt 5,156 5,283
Derivative liabilities (Note 11) 3 1
Other liabilities   339
Total liabilities 5,159 5,623
Level 3    
Assets:    
Cash and cash equivalents 0 0
Restricted cash 0 0
Trade receivables from provisional concentrate sales 0 0
Long-lived assets   78
Marketable equity and other securities (Note 12) 0 0
Restricted marketable debt and other securities (Note 6) 0 0
Derivative assets (Note 11) 176 202
Total assets 176 280
Liabilities:    
Debt 0 0
Derivative liabilities (Note 11) 0 0
Other liabilities   0
Total liabilities $ 0 $ 0
v3.26.1
FAIR VALUE ACCOUNTING - Schedule of Quantitative Information (Details) - Level 3
Mar. 31, 2026
USD ($)
AUD ($)
Dec. 31, 2025
USD ($)
AUD ($)
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-lived assets   $ 78,000,000
Contingent consideration assets $ 20,000,000 $ 40,000,000
Measurement Input, Commodity Forward Price | Valuation, Income Approach    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Contingent consideration asset, measurement input (as a percent) 4,349 4,254
Weighted Average | Discount rate | Valuation, Income Approach    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Derivative asset, measurement input (as a percent)   0.0700
Contingent consideration asset, measurement input (as a percent) 0 0
Designated Hedge    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Derivative asset $ 156,000,000 $ 162,000,000
Designated Hedge | Minimum | Measurement Input, Commodity Forward Price | Valuation, Income Approach    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Derivative asset, measurement input (as a percent) 38 37
Designated Hedge | Maximum | Measurement Input, Commodity Forward Price | Valuation, Income Approach    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Derivative asset, measurement input (as a percent) 605 703
Designated Hedge | Weighted Average | Discount rate | Valuation, Income Approach    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Derivative asset, measurement input (as a percent) 0.0700  
v3.26.1
FAIR VALUE ACCOUNTING - Schedule of Changes in the Fair Value of Level 3 Financial Assets and Liabilities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Summary of changes in Level 3 financial assets    
Fair value, beginning of period $ 202 $ 142
Settlements (20)  
Acquired through divestments   168
Fair value changes in Other comprehensive income (loss) (6) 43
Fair value changes in Other income (loss), net   10
Fair value, end of period 176 363
Summary of changes in Level 3 financial liabilities    
Fair value, beginning of period   6
Acquired through divestments   0
Fair value changes in Other comprehensive income (loss)   (1)
Fair value changes in Other income (loss), net   0
Fair value, end of period   5
Discontinued operations disposed of by sale | Musselwhite    
Summary of changes in Level 3 financial liabilities    
Deferred payment received 20  
Derivative Liabilities    
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 202 142
Settlements (20)  
Fair value, end of period $ 176 $ 363
v3.26.1
DERIVATIVE INSTRUMENTS - Schedule of Derivatives (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Derivative contracts    
Derivative asset, current $ 103 $ 87
Derivative assets, noncurrent 153 175
Current derivative liabilities 3 1
Designated Hedge | Cash Flow Hedges    
Derivative contracts    
Derivative asset, current 83 67
Foreign currency cash flow hedges | Designated Hedge | Cash Flow Hedges    
Derivative contracts    
Derivative asset, current 80 60
Current derivative liabilities 3 1
Cadia PPA cash flow hedge | Designated Hedge | Cash Flow Hedges    
Derivative contracts    
Derivative asset, current 3 7
Derivative assets, noncurrent 153 155
Contingent Consideration Derivative | Not Designated as Hedging Instrument    
Derivative contracts    
Derivative asset, current 20 20
Derivative assets, noncurrent $ 0 $ 20
v3.26.1
DERIVATIVE INSTRUMENTS - Fair Values of Instruments Designated as Hedges (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Derivative contracts    
Derivative assets, current $ 103 $ 87
Derivative assets, noncurrent 153 175
Current derivative liabilities 3 1
Designated Hedge | Cash Flow Hedges    
Derivative contracts    
Derivative assets, current 83 67
Designated Hedge | Cash Flow Hedges | Foreign currency cash flow hedges    
Derivative contracts    
Derivative assets, current 80 60
Current derivative liabilities 3 1
Designated Hedge | Cash Flow Hedges | Cadia PPA cash flow hedge    
Derivative contracts    
Derivative assets, current 3 7
Derivative assets, noncurrent 153 155
Not Designated as Hedging Instrument | Contingent Consideration Derivative    
Derivative contracts    
Derivative assets, current 20 20
Derivative assets, noncurrent $ 0 $ 20
v3.26.1
DERIVATIVE INSTRUMENTS - Schedule of Foreign Currency Cash Flow Hedges (Details) - Mar. 31, 2026 - Cash Flow Hedges - Designated Hedge
$ in Millions, $ in Millions
AUD ($)
CAD ($)
AUD-denominated capital expenditures    
Derivative contracts    
Derivative, notional amount $ 1,734  
AUD-denominated operating expenditures    
Derivative contracts    
Derivative, notional amount $ 4,002  
CAD-denominated operating expenditures    
Derivative contracts    
Derivative, notional amount   $ 1,088
v3.26.1
DERIVATIVE INSTRUMENTS - Additional Information (Details) - Cadia PPA cash flow hedge
 1 Months Ended 3 Months Ended
Jul. 31, 2024
Mar. 31, 2026
Derivative contracts    
Derivative, term (in years)   15 years
Not Designated as Hedging Instrument    
Derivative contracts    
Derivative, term (in years) 15 years  
Derivative, forecasted purchases, percent 0.40  
v3.26.1
DERIVATIVE INSTRUMENTS - Schedule of Losses (Gains) on Derivatives (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Derivative contracts    
Loss (gain) on cash flow hedges $ (15) $ 26
Foreign currency cash flow hedges    
Derivative contracts    
Loss (gain) on cash flow hedges (18) 22
Gain (loss) to be reclassified within 12 months 58  
Cadia PPA cash flow hedge    
Derivative contracts    
Loss (gain) on cash flow hedges 2 3
Gain (loss) to be reclassified within 12 months $ (10)  
Derivative, term (in years) 15 years  
Interest rate contracts    
Derivative contracts    
Loss (gain) on cash flow hedges $ 1 $ 1
Gain (loss) to be reclassified within 12 months $ (3)  
v3.26.1
INVESTMENTS - Schedule of Investments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Investments    
Marketable equity securities $ 4 $ 594
Marketable equity and other securities 253 171
Equity method investments 3,934 4,015
Total equity method investments 4,187 4,186
Equity securities without readily determinable fair value, amount 25 25
Pueblo Viejo Mine    
Investments    
Equity method investments $ 1,521 1,584
Ownership interest (as a percent) 40.00%  
Nueva Union Project    
Investments    
Equity method investments $ 974 973
Ownership interest (as a percent) 50.00%  
Lundin Gold    
Investments    
Equity method investments $ 879 905
Ownership interest (as a percent) 32.00%  
Norte Abierto Project    
Investments    
Equity method investments $ 560 $ 553
Ownership interest (as a percent) 50.00%  
Greatland Resources Limited    
Investments    
Proceeds from sale of equity securities $ 134  
SolGold plc    
Investments    
Proceeds from sale of equity securities $ 116  
v3.26.1
INVESTMENTS - Schedule of Income (Loss) from Equity Method Investments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Investments    
Income (loss) from equity method investments $ 149 $ 78
Pueblo Viejo Mine    
Investments    
Ownership interest (as a percent) 40.00%  
Income (loss) from equity method investments $ 88 44
Lundin Gold, Inc    
Investments    
Ownership interest (as a percent) 32.00%  
Income (loss) from equity method investments $ 63 27
Other    
Investments    
Income (loss) from equity method investments $ (2) $ 7
v3.26.1
INVESTMENTS - Narrative (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Investments      
Marketable equity and other securities (Note 12) $ 232,000,000   $ 740,000,000
Pueblo Viejo Mine | Related Party      
Investments      
Due from related parties 0   0
Due to related parties 0   0
Pueblo Viejo Mine      
Investments      
Share of loans included in investment 489,000,000   518,000,000
Interest receivable $ 40,000,000   $ 60,000,000
Ownership interest (as a percent) 40.00%    
Purchases $ 278,000,000 $ 155,000,000  
Lundin Gold, Inc      
Investments      
Ownership interest (as a percent) 32.00%    
Marketable equity and other securities (Note 12) $ 5,889,000,000    
v3.26.1
INVENTORIES (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Inventory Disclosure [Abstract]    
Materials and supplies $ 1,074 $ 1,060
In-process 165 199
Concentrate 192 162
Precious metals 70 91
Inventories $ 1,501 $ 1,512
v3.26.1
STOCKPILES AND ORE ON LEACH PADS - (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Stockpiles And Ore On Leach Pads    
Current $ 1,211 $ 1,177
Non-current 2,538 2,410
Total 3,749 3,587
Stockpiles    
Stockpiles And Ore On Leach Pads    
Current 970 893
Non-current 2,347 2,284
Total 3,317 3,177
Ore on Leach Pads    
Stockpiles And Ore On Leach Pads    
Current 241 284
Non-current 191 126
Total $ 432 $ 410
v3.26.1
DEBT - Schedule of Minimum Debt Repayments (Details)
$ in Millions
Mar. 31, 2026
USD ($)
Scheduled minimum debt repayments  
2026 (for the remainder of 2026) $ 0
2027 0
2028 0
2029 265
2030 655
Thereafter 4,381
Total face value of debt 5,301
Unamortized premiums, discounts, and issuance costs (222)
Net carrying amount $ 5,079
v3.26.1
DEBT - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Debt Instrument [Line Items]    
Gain (loss) on debt extinguishment $ 1 $ (10)
Senior Notes    
Debt Instrument [Line Items]    
Settled principal amount 42 981
Gain (loss) on debt extinguishment $ 1 (10)
Debt instrument, extinguished amount, interest   $ 19
v3.26.1
DEBT - Schedule of Debt Instrument Redemption (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
5.30% Senior Notes due March 2026    
Debt Instrument [Line Items]    
Make-whole provision   $ 10
Senior Notes    
Debt Instrument [Line Items]    
Settled Principal Amount $ 42 981
Total Repurchase Amount $ 39 1,004
Senior Notes | 5.30% Senior Notes due March 2026    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 5.30%  
Settled Principal Amount $ 0 928
Total Repurchase Amount $ 0 957
Senior Notes | 2.80% Senior Notes due October 2029    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 2.80%  
Settled Principal Amount $ 2 3
Total Repurchase Amount $ 2 3
Senior Notes | 3.25% Senior Notes due May 2030    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 3.25%  
Settled Principal Amount $ 14 18
Total Repurchase Amount $ 14 17
Senior Notes | 2.25% Senior Notes due October 2030    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 2.25%  
Settled Principal Amount $ 2 1
Total Repurchase Amount $ 2 1
Senior Notes | 2.60% Senior Notes due July 2032    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 2.60%  
Settled Principal Amount $ 24 31
Total Repurchase Amount $ 21 $ 26
v3.26.1
OTHER LIABILITIES (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Other current liabilities:    
Reclamation and remediation liabilities $ 886 $ 893
Accrued operating costs 557 421
Accrued capital expenditures 260 254
Accrued royalties 212 181
Accrued interest 65 57
Hedging instruments (Note 11) 3 1
Greatland option 0 339
Other 289 319
Other current liabilities 2,415 2,692
Other non-current liabilities:    
Income and mining taxes 145 133
Indemnification liabilities 63 63
Other 124 126
Other long-term liabilities, total 332 322
NGM    
Other current liabilities:    
Payables to NGM $ 143 $ 227
NGM    
Other non-current liabilities:    
Ownership interest (as a percent) 38.50%  
Greatland Resources Limited    
Other non-current liabilities:    
Proceeds from sale of equity securities $ 134  
Barrick Mining Corporation | NGM    
Other non-current liabilities:    
Ownership interest (as a percent) 61.50%  
v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​ (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Balance at beginning of period $ 34,042 $ 30,109
Other comprehensive income (loss) 19 56
Balance at end of period 35,098 31,431
Unrealized Gain (Loss) on Hedge Instruments    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Balance at beginning of period 41  
Gain (loss) in other comprehensive income (loss) before reclassifications 33  
(Gain) loss reclassified from accumulated other comprehensive income (loss) (15)  
Other comprehensive income (loss) 18  
Balance at end of period 59  
Other Adjustments    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Balance at beginning of period 96  
Gain (loss) in other comprehensive income (loss) before reclassifications (1)  
(Gain) loss reclassified from accumulated other comprehensive income (loss) 2  
Other comprehensive income (loss) 1  
Balance at end of period 97  
Total    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Balance at beginning of period 137 (95)
Gain (loss) in other comprehensive income (loss) before reclassifications 32  
(Gain) loss reclassified from accumulated other comprehensive income (loss) (13)  
Other comprehensive income (loss) 19 56
Balance at end of period $ 156 $ (39)
v3.26.1
COMMITMENTS AND CONTINGENCIES - Environmental Matters (Details)
$ in Millions
 1 Months Ended 3 Months Ended
Dec. 19, 2025
USD ($)
Oct. 31, 2022
claim
Mar. 31, 2026
USD ($)
plant
Dec. 31, 2025
USD ($)
Mar. 31, 2025
USD ($)
Feb. 28, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2022
USD ($)
Site Contingency [Line Items]                
Number of operational water treatment plants | plant     5          
Number of water treatment plants to be constructed | plant     2          
Remediation liability     $ 386.0 $ 390.0 $ 364.0   $ 370.0  
Discontinued operations disposed of by sale | CC&V                
Site Contingency [Line Items]                
Deferred payment received     87.5          
Indemnification cost threshold           $ 500.0    
Indemnification coverage, percent           0.90    
Midnite mine and Dawn mill sites                
Site Contingency [Line Items]                
Remediation liability     $ 160.0          
Remediation liability assumed (in percent)     100.00%          
Cadia                
Site Contingency [Line Items]                
Number of new claims filed | claim   2,000,000            
Cadia | NSW Department Of Climate Change, Energy, The Environment And Water                
Site Contingency [Line Items]                
Litigation settlement, amount awarded to other party $ 1.0              
Cadia | NSW EPA                
Site Contingency [Line Items]                
Litigation settlement, amount awarded to other party $ 1.0              
CC&V                
Site Contingency [Line Items]                
Remediation liability               $ 20.0
Minera Yanacocha                
Site Contingency [Line Items]                
Economic interest (as a percent)     100.00%          
Dawn Mining Company                
Site Contingency [Line Items]                
Economic interest (as a percent)     58.19%          
Lihir Gold                
Site Contingency [Line Items]                
Economic interest (as a percent)     100.00%          
Cadia                
Site Contingency [Line Items]                
Economic interest (as a percent)     100.00%          
CC&V                
Site Contingency [Line Items]                
Economic interest (as a percent)     100.00%          
v3.26.1
COMMITMENTS AND CONTINGENCIES - Other Legal Matters (Details)
$ in Millions
 1 Months Ended 3 Months Ended
Aug. 16, 2021
USD ($)
Dec. 24, 2018
plaintiff
Aug. 31, 2020
USD ($)
Mar. 31, 2026
co-defendant
Dec. 31, 2017
USD ($)
Australian Taxation Office          
Loss Contingencies [Line Items]          
Potential interest disputed         $ 85
Income tax examination payment         $ 24
Kirkland Royalty Matter | Pending Litigation          
Loss Contingencies [Line Items]          
Damages sought $ 350        
Ghana Parliament Cases          
Loss Contingencies [Line Items]          
Loss contingency number of plaintiffs | plaintiff   2,000,000      
Number of codefendants | co-defendant       33  
Mining and mineral rights | Holt option          
Loss Contingencies [Line Items]          
Purchase of option for mining and mineral rights     $ 75    
Newmont Corporation, Newmont Canada Corporation, And Newmont Canada FN Holdings ULC          
Loss Contingencies [Line Items]          
Economic interest (as a percent)       100.00%  
Newmont Ghana Gold Limited and Newmont Golden Ridge Limited          
Loss Contingencies [Line Items]          
Economic interest (as a percent)       100.00%  
Newmont Capital Limited And Newmont Canada FN Holdings ULC          
Loss Contingencies [Line Items]          
Economic interest (as a percent)       100.00%  
v3.26.1
COMMITMENTS AND CONTINGENCIES - Other Commitments and Contingences (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Other Commitments [Line Items]    
Letters of credit surety bonds and bank guarantees, outstanding $ 1,786 $ 1,943
Galore Creek    
Other Commitments [Line Items]    
Contingent consideration liabilities $ 75