NEWMONT CORP /DE/, 10-Q filed on 7/25/2024
Quarterly Report
v3.24.2
Cover - shares
 6 Months Ended
Jun. 30, 2024
Jul. 18, 2024
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2024  
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 $1.60 per share  
Trading Symbol NEM  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   1,147,429,288
Entity Central Index Key 0001164727  
Amendment Flag false  
Document Fiscal Year Focus 2024  
Document Fiscal Period Focus Q2  
Current Fiscal Year End Date --12-31  
v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Sales (Note 6) $ 4,402 $ 2,683 $ 8,425 $ 5,362
Costs and expenses:        
Costs applicable to sales [1] 2,156 1,543 4,262 3,025
Depreciation and amortization 602 486 1,256 947
Reclamation and remediation (Note 7) 94 66 192 132
Exploration 57 66 110 114
Advanced projects, research and development 49 44 102 79
General and administrative 100 71 201 145
Loss on assets held for sale (Note 5) 246 0 731 0
Other expense, net (Note 8) 59 41 132 49
Total costs and expenses 3,363 2,317 6,986 4,491
Other income (expense):        
Other income (loss), net (Note 9) 100 (17) 221 82
Interest expense, net of capitalized interest (103) (49) (196) (114)
Total other income (expense) (3) (66) 25 (32)
Income (loss) before income and mining tax and other items 1,036 300 1,464 839
Income and mining tax benefit (expense) (Note 10) (191) (163) (451) (376)
Equity income (loss) of affiliates (Note 13) (3) 16 4 41
Net income (loss) from continuing operations 842 153 1,017 504
Net income (loss) from discontinued operations 15 2 19 14
Net income (loss) 857 155 1,036 518
Net loss (income) attributable to noncontrolling interests (Note 1) (4) 0 (13) (12)
Net income (loss) attributable to Newmont stockholders 853 155 1,023 506
Net income (loss) attributable to Newmont stockholders:        
Continuing operations 838 153 1,004 492
Discontinued operations 15 2 19 14
Net income (loss) attributable to Newmont stockholders $ 853 $ 155 $ 1,023 $ 506
Weighted average common shares:        
Basic (in shares) 1,153 795 1,153 794
Effect of employee stock-based awards (in shares) 2 0 1 1
Diluted (in shares) 1,155 795 1,154 795
Basic:        
Continuing operations (in dollars per share) $ 0.73 $ 0.19 $ 0.87 $ 0.62
Discontinued operations (in dollars per share) 0.01 0 0.02 0.02
Net income (loss) per common share, basic (in dollars per share) 0.74 0.19 0.89 0.64
Diluted:        
Continuing operations (in dollars per share) 0.73 0.19 0.87 0.62
Discontinued operations (in dollars per share) 0.01 0 0.02 0.02
Net income (loss) per common share, diluted (in dollars per share) $ 0.74 $ 0.19 $ 0.89 $ 0.64
[1] Excludes Depreciation and amortization and Reclamation and remediation.
v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ 857 $ 155 $ 1,036 $ 518
Other comprehensive income (loss):        
Change in marketable securities, net of tax 0 0 0 (1)
Ownership interest in equity method investments (2) 0 (2) 0
Foreign currency translation adjustments  3 (4) 8 (5)
Change in pension and other post-retirement benefits, net of tax 0 (2) 0 (3)
Change in cash flow hedges, net of tax 8 (4) (27) (7)
Other comprehensive income (loss) 9 (10) (21) (16)
Comprehensive income (loss) 866 145 1,015 502
Comprehensive income (loss) attributable to:        
Newmont stockholders  862 145 1,002 490
Noncontrolling interests 4 0 13 12
Comprehensive income (loss) $ 866 $ 145 $ 1,015 $ 502
v3.24.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 2,602 $ 3,002
Trade receivables (Note 6) 955 734
Investments (Note 13) 50 23
Inventories (Note 14) 1,467 1,663
Stockpiles and ore on leach pads (Note 15) 681 979
Derivative assets (Note 12) 71 198
Other current assets 874 913
Assets held for sale (Note 5) 5,370 0
Current assets 12,070 7,512
Property, plant and mine development, net 33,655 37,563
Investments (Note 13) 4,141 4,143
Stockpiles and ore on leach pads (Note 15) 2,002 1,935
Deferred income tax assets 273 268
Goodwill 2,792 3,001
Derivative assets (Note 12) 181 444
Other non-current assets 564 640
Total assets 55,678 55,506
LIABILITIES    
Accounts payable 683 960
Employee-related benefits 457 551
Income and mining taxes payable 264 88
Lease and other financing obligations 104 114
Debt (Note 16) 0 1,923
Other current liabilities (Note 17) 1,819 2,362
Liabilities held for sale (Note 5) 2,405 0
Current liabilities 5,732 5,998
Debt (Note 16) 8,692 6,951
Lease and other financing obligations 429 448
Reclamation and remediation liabilities (Note 7) 6,620 8,167
Deferred income tax liabilities 3,046 2,987
Employee-related benefits 616 655
Silver streaming agreement 733 779
Other non-current liabilities (Note 17) 247 316
Total liabilities 26,115 26,301
Commitments and contingencies (Note 20)
EQUITY    
Common stock 1,851 1,854
Treasury stock (274) (264)
Additional paid-in capital 30,394 30,419
Accumulated other comprehensive income (loss) (Note 18) (7) 14
(Accumulated deficit) Retained earnings (2,585) (2,996)
Newmont stockholders' equity 29,379 29,027
Noncontrolling interests 184 178
Total equity 29,563 29,205
Total liabilities and equity $ 55,678 $ 55,506
v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating activities:        
Net income (loss) $ 857 $ 155 $ 1,036 $ 518
Non-cash adjustments:        
Depreciation and amortization 602 486 1,256 947
Loss on assets held for sale (Note 5) 246 0 731 0
Net (income) loss from discontinued operations (15) (2) (19) (14)
Reclamation and remediation     182 120
(Gain) loss on asset and investment sales, net (Note 9)     (64) (36)
Stock-based compensation     44 42
Deferred income taxes     (42) 21
Change in fair value of investments (Note 9)     (22) 1
Other non-cash adjustments     (3) 7
Net change in operating assets and liabilities (Note 19)     (929) (469)
Net cash provided by (used in) operating activities of continuing operations     2,170 1,137
Net cash provided by (used in) operating activities of discontinued operations     34 7
Net cash provided by (used in) operating activities     2,204 1,144
Investing activities:        
Additions to property, plant and mine development  (800) (616) (1,650) (1,142)
Proceeds from asset and investment sales     252 214
Purchases of investments     (106) (542)
Return of investment from equity method investees     41 30
Contributions to equity method investees     (20) (64)
Proceeds from maturities of investments     0 981
Other      44 23
Net cash provided by (used in) investing activities      (1,439) (500)
Financing activities:        
Repayment of debt     (3,650) 0
Proceeds from issuance of debt, net     3,476 0
Dividends paid to common stockholders     (577) (636)
Repurchases of common stock     (104) 0
Distributions to noncontrolling interests     (77) (66)
Funding from noncontrolling interests     53 75
Payments on lease and other financing obligations     (40) (32)
Payments for withholding of employee taxes related to stock-based compensation     (10) (22)
Other     (28) (3)
Net cash provided by (used in) financing activities     (957) (684)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (14) (4)
Net change in cash, cash equivalents and restricted cash, including cash and restricted cash reclassified to assets held for sale     (206) (44)
Less: cash and restricted cash reclassified to assets held for sale [1]     (258) 0
Net change in cash, cash equivalents and restricted cash     (464) (44)
Cash, cash equivalents and restricted cash at beginning of period      3,100 2,944
Cash, cash equivalents and restricted cash at end of period  2,636 2,900 2,636 2,900
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 2,602 2,829 2,602 2,829
Restricted cash included in other current assets 6 1 6 1
Restricted cash included in other non-current assets 28 70 28 70
Total cash, cash equivalents and restricted cash $ 2,636 $ 2,900 $ 2,636 $ 2,900
[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 as of June 30, 2024, including $205 of Cash and cash equivalents and $53 of restricted cash, included in Other current assets and Other non-current assets, were reclassified to Assets held for sale and Liabilities held for sale, respectively. Refer to Note 5 for additional information.
v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - Discontinued Operations, Held-for-Sale - Portfolio Optimization Program
$ in Millions
 6 Months Ended
Jun. 30, 2024
USD ($)
Disposal group, including discontinued operation, cash and cash equivalents $ 205
Disposal group, including discontinued operation, restricted cash and restricted cash equivalents $ 53
v3.24.2
CONDENSED CONSOLIDATED STATEMENTS 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, 2022   799          
Balance at beginning of period at Dec. 31, 2022 $ 19,533 $ 1,279 $ (239) $ 17,369 $ 29 $ 916 $ 179
Beginning balance (in shares) at Dec. 31, 2022     (6)        
Changes in Equity              
Net income (loss) 363         351 12
Other comprehensive income (loss)  (6)       (6)    
Dividends declared [1] (319)         (319)  
Distributions declared to noncontrolling interests (40)           (40)
Cash calls requested from noncontrolling interests 31           31
Withholding of employee taxes related to stock-based compensation (in shares)     (1)        
Withholding of employee taxes related to stock-based compensation (22)   $ (22)        
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, 2023   800          
Balance at end of period at Mar. 31, 2023 19,559 $ 1,281 $ (261) 17,386 23 948 182
Ending balance (in shares) at Mar. 31, 2023     (7)        
Balance at beginning of period (in shares) at Dec. 31, 2022   799          
Balance at beginning of period at Dec. 31, 2022 19,533 $ 1,279 $ (239) 17,369 29 916 179
Beginning balance (in shares) at Dec. 31, 2022     (6)        
Changes in Equity              
Other comprehensive income (loss)  (16)            
Balance at end of period (in shares) at Jun. 30, 2023   800          
Balance at end of period at Jun. 30, 2023 19,415 $ 1,281 $ (261) 17,407 13 785 190
Ending balance (in shares) at Jun. 30, 2023     (7)        
Balance at beginning of period (in shares) at Mar. 31, 2023   800          
Balance at beginning of period at Mar. 31, 2023 19,559 $ 1,281 $ (261) 17,386 23 948 182
Beginning balance (in shares) at Mar. 31, 2023     (7)        
Changes in Equity              
Net income (loss) 155         155  
Other comprehensive income (loss)  (10)       (10)    
Dividends declared [1] (318)         (318)  
Distributions declared to noncontrolling interests (26)           (26)
Cash calls requested from noncontrolling interests 34           34
Stock-based awards and related share issuances 21     21      
Balance at end of period (in shares) at Jun. 30, 2023   800          
Balance at end of period at Jun. 30, 2023 19,415 $ 1,281 $ (261) 17,407 13 785 190
Ending balance (in shares) at Jun. 30, 2023     (7)        
Balance at beginning of period (in shares) at Dec. 31, 2023   1,159          
Balance at beginning of period at Dec. 31, 2023 29,205 $ 1,854 $ (264) 30,419 14 (2,996) 178
Beginning balance (in shares) at Dec. 31, 2023     (7)        
Changes in Equity              
Net income (loss) 179         170 9
Other comprehensive income (loss)  (30)       (30)    
Dividends declared [2] (285)         (285)  
Distributions declared to noncontrolling interests (35)           (35)
Cash calls requested from noncontrolling interests 33           33
Withholding of employee taxes related to stock-based compensation (10)   $ (10)        
Stock-based awards and related share issuances (in shares)   1          
Stock-based awards and related share issuances 18 $ 1   17      
Balance at end of period (in shares) at Mar. 31, 2024   1,160          
Balance at end of period at Mar. 31, 2024 29,075 $ 1,855 $ (274) 30,436 (16) (3,111) 185
Ending balance (in shares) at Mar. 31, 2024     (7)        
Balance at beginning of period (in shares) at Dec. 31, 2023   1,159          
Balance at beginning of period at Dec. 31, 2023 29,205 $ 1,854 $ (264) 30,419 14 (2,996) 178
Beginning balance (in shares) at Dec. 31, 2023     (7)        
Changes in Equity              
Other comprehensive income (loss)  (21)            
Balance at end of period (in shares) at Jun. 30, 2024   1,158          
Balance at end of period at Jun. 30, 2024 29,563 $ 1,851 $ (274) 30,394 (7) (2,585) 184
Ending balance (in shares) at Jun. 30, 2024     (7)        
Balance at beginning of period (in shares) at Mar. 31, 2024   1,160          
Balance at beginning of period at Mar. 31, 2024 29,075 $ 1,855 $ (274) 30,436 (16) (3,111) 185
Beginning balance (in shares) at Mar. 31, 2024     (7)        
Changes in Equity              
Net income (loss) 857         853 4
Other comprehensive income (loss)  9       9    
Dividends declared [2] (292)         (292)  
Distributions declared to noncontrolling interests (36)           (36)
Cash calls requested from noncontrolling interests 31           31
Repurchase and retirement of common stock (in shares) [3]   (2)          
Repurchase and retirement of common stock [3] (105) $ (4)   (66)   (35)  
Stock-based awards and related share issuances 24     24      
Balance at end of period (in shares) at Jun. 30, 2024   1,158          
Balance at end of period at Jun. 30, 2024 $ 29,563 $ 1,851 $ (274) $ 30,394 $ (7) $ (2,585) $ 184
Ending balance (in shares) at Jun. 30, 2024     (7)        
[1] Cash dividends paid per common share were $0.40 and $0.80 for the three and six months ended June 30, 2023, respectively.
[2] Cash dividends paid per common share were $0.25 and $0.50 for the three and six months ended June 30, 2024, respectively.
[3] In July 2024, an additional $146 of common stock was repurchased and retired.
v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Cash dividends declared per common share (in dollars per share)   $ 0.25 $ 0.40 $ 0.50 $ 0.80
Repurchase and retirement of common stock [1]   $ 105      
Common Stock          
Repurchase and retirement of common stock [1]   $ 4      
Common Stock | Subsequent Event          
Repurchase and retirement of common stock $ 146        
[1] In July 2024, an additional $146 of common stock was repurchased and retired.
v3.24.2
BASIS OF PRESENTATION
 6 Months Ended
Jun. 30, 2024
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, 2023 filed on February 29, 2024 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.
Newcrest Transaction
On November 6, 2023, the Company completed its business combination transaction with Newcrest Mining Limited, a public Australian mining company limited by shares ("Newcrest"), whereby Newmont, through Newmont Overseas Holdings Pty Ltd, an Australian proprietary company limited by shares (“Newmont Sub”), acquired all of the ordinary shares of Newcrest in a fully stock transaction for total non-cash consideration of $13,549. Newcrest became a direct wholly owned subsidiary of Newmont Sub and an indirect wholly owned subsidiary of Newmont (such acquisition, the “Newcrest transaction”). The combined company continues to be traded on the New York Stock Exchange under the ticker NEM. The combined company is also listed on the Toronto Stock Exchange under the ticker NGT, on the Australian Securities Exchange under the ticker NEM, and on the Papua New Guinea Securities Exchange under the ticker NEM. Refer to Note 3 for further information.
Noncontrolling Interests
Net loss (income) attributable to noncontrolling interest is comprised of income of $4 and $— for the three months ended June 30, 2024 and 2023, respectively, and of $13 and $12 for the six months ended June 30, 2024 and 2023, respectively, related to Suriname Gold project C.V. (“Merian”). Newmont consolidates Merian through its wholly-owned subsidiary, Newmont Suriname LLC., in its Condensed Consolidated Financial Statements as the primary beneficiary of Merian, which is a variable interest entity.
v3.24.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Risks and Uncertainties
As a global mining company, the Company’s revenue, profitability and future rate of growth are substantially dependent on prevailing metal prices, primarily for gold, but also for copper, silver, lead, and zinc. Historically, the commodity markets have been very volatile, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or extended decline in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital and on the quantities of reserves that the Company can economically produce. The carrying value of the Company’s Property, plant and mine development, net; Inventories; Stockpiles and ore on leach pads; Investments; certain Derivative assets; Deferred income tax assets; and Goodwill are particularly sensitive to the outlook for commodity prices. A decline in the Company’s price outlook from current levels could result in material impairment charges related to these assets.
Our global operations expose us to risks associated with public health crises, including epidemics and pandemics such as COVID-19, and geopolitical and macroeconomic pressures such as the Russian invasion of Ukraine. The Company continues to experience the impacts from recent geopolitical and macroeconomic pressures. With the resulting volatile environment, the Company continues to monitor inflationary conditions, the effects of certain countermeasures taken by central banks, and the potential for further supply chain disruptions as well as an uncertain and evolving labor market.
The following factors could have further potential short- and, possibly, long-term material adverse impacts on the Company including, but not limited to, volatility in commodity prices and the prices for gold and other metals, changes in the equity and debt markets or country specific factors adversely impacting discount rates, significant cost inflation impacts on production, capital and asset retirement costs, logistical challenges, workforce interruptions and financial market disruptions, energy market disruptions, as well as potential impacts to estimated costs and timing of projects.
Refer to Note 20 below for further information on risks and uncertainties that could have a potential impact on the Company as well as Note 2 of the Consolidated Financial Statements included in Part II of the Company's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 29, 2024.
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.
Assets Held for Sale
We classify long-lived assets, or disposal groups comprising of assets and liabilities, as held for sale in the period in which the following six criteria are met, (i) management, having the authority to approve the action, commits to a plan to sell the property; (ii) the property is available for immediate sale in its present condition, subject only to terms that are usual and customary; (iii) an active program to locate a buyer and other actions required to complete the plan to sell have been initiated; (iv) the sale of the property is probable and is expected to be completed within one year; (v) the property is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (vi) actions necessary to complete the plan of sale indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.
The Company ceases depreciation and amortization on long-lived assets (or disposal groups) classified as held for sale, and measures them at the lower of carrying value or estimated fair value less cost to sell.
Reclassifications
Certain amounts and disclosures in prior years have been reclassified to conform to the current year presentation.
Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules
Effects of Reference Rate Reform
In March 2020, ASU No. 2020-04 was issued which provides optional guidance for a limited period of time to ease the potential burden on accounting for contract modifications caused by reference rate reform. In January 2021, ASU No. 2021-01 was issued which broadened the scope of ASU No. 2020-04 to include certain derivative instruments. In December 2022, ASU No. 2022-06 was issued which deferred the sunset date of ASU No. 2020-04. The guidance is effective for all entities as of March 12, 2020 through December 31, 2024. The guidance may be adopted over time as reference rate reform activities occur and should be applied on a prospective basis. The Company has completed its review of key contracts and does not expect the guidance to have a material impact to the consolidated financial statements or disclosures. The Company will continue to review new contracts to identify references to the LIBOR and implement adequate fallback provisions if not already implemented to mitigate the risks or impacts from the transition.
Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules
SEC Final Climate Rule
In March 2024, the SEC issued a final rule that requires registrants to disclose climate-related information in their annual reports and in registration statements. In April 2024, the SEC chose to stay the newly adopted rulemaking pending judicial review of related consolidated Eighth Circuit petitions. If the stay is lifted, certain disclosures may be required in annual reports for the year ending December 31, 2025, filed in 2026. The Company is currently evaluating the impacts of the rules on its consolidated financial statements.
Improvement to Income Tax Disclosures
In December 2023, ASU 2023-09 was issued which requires disaggregated information about the effective tax rate reconciliation and additional information on taxes paid that meet a qualitative threshold. The new guidance is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impacts of the guidance on its consolidated financial statements.
Segments Reporting
In November 2023, ASU 2023-07 was issued which improves disclosures about a public entity’s reportable segments and addresses requests from investors and other allocators of capital for additional, more detailed information about a reportable segment’s expenses. The ASU applies to all public entities that are required to report segment information in accordance with ASC 280 and is effective starting in annual periods beginning after December 15, 2023. The adoption is not expected to have a material impact on the Company's consolidated financial statements or disclosures.
v3.24.2
BUSINESS ACQUISITION
 6 Months Ended
Jun. 30, 2024
Business Combinations [Abstract]  
BUSINESS ACQUISITION BUSINESS ACQUISITION
On November 6, 2023 (the “acquisition date”), Newmont completed its business combination transaction with Newcrest, a public Australian mining company limited by shares, whereby Newmont, through Newmont Sub, acquired all of the ordinary shares of Newcrest, pursuant to a court-approved scheme of arrangement under Part 5.1 of the Australian Corporations Act 2001 (Cth) between Newcrest and its shareholders, as contemplated by a scheme implementation deed, dated as of May 15, 2023, by and among Newmont, Newmont Sub and Newcrest, as amended from time to time. Upon implementation, Newmont completed the business acquisition of Newcrest, in which Newmont was the acquirer and Newcrest became a direct wholly owned subsidiary of Newmont Sub and an indirect wholly owned subsidiary of Newmont (such acquisition, the “Newcrest transaction”). The acquisition of Newcrest increased the Company’s gold and other metal reserves and expanded the operating jurisdictions.
The acquisition date fair value of the consideration transferred consisted of the following:
(in millions, except share and per share data)SharesPer Share
Purchase Consideration
Stock Consideration
Shares of Newmont exchanged for Newcrest outstanding ordinary shares
357,691,627 $37.88 $13,549 
Total Purchase Price
$13,549 
The Company retained an independent appraiser to determine the fair value of assets acquired and liabilities assumed. In accordance with the acquisition method of accounting, the purchase price of Newcrest has been allocated to the acquired assets and assumed liabilities based on their estimated acquisition date fair values. The fair value estimates were based on income, market and cost valuation methods. The excess of the total consideration over the estimated fair value of the amounts initially assigned to the identifiable assets acquired and liabilities assumed has been recorded as goodwill, which is not deductible for income tax purposes. The goodwill balance is mainly attributable to: (i) the acquisition of existing operating mines with access to an assembled workforce that cannot be duplicated at the same costs by new entrants; (ii) operating synergies anticipated from the integration of the operations of Newmont and Newcrest; and (iii) the application of Newmont’s Full Potential program and potential strategic and financial benefits that include the increase in reserve base and opportunities to identify additional mineralization through exploration activities.
As of June 30, 2024, the Company had not yet fully completed the analysis to assign fair values to all assets acquired and liabilities assumed, and therefore the purchase price allocation for Newcrest is preliminary. At June 30, 2024, remaining items to finalize include the fair value of materials and supplies inventories, property, plant and mine development, goodwill, reclamation and remediation liabilities, employee-related benefits, unrecognized tax benefits, and deferred income tax assets and liabilities. The preliminary purchase price allocation will be subject to further refinement as the Company continues to implement Newmont accounting policies and refine its estimates and assumptions based on information available at the acquisition date. These refinements may result in material changes to the estimated fair value of assets acquired and liabilities assumed. The purchase price allocation adjustments can be made throughout the end of Newmont’s measurement period, which is not to exceed one year from the acquisition date.
The following table summarizes the preliminary purchase price allocation for the Newcrest transaction as of June 30, 2024:
ASSETSJune 30, 2024
Cash and cash equivalents$668 
Trade receivables212 
Inventories722 
Stockpiles and ore on leach pads
137 
Derivative assets42 
Other current assets194 
Current assets1,975 
Property, plant and mine development, net (1)
13,509 
Investments
990 
Stockpiles and ore on leach pads
131 
Deferred income tax assets (2)
179 
Goodwill (3)
2,535 
Derivative assets362 
Other non-current assets93 
Total assets19,774 
LIABILITIES
Accounts payable344 
Employee-related benefits143 
Lease and other financing obligations16 
Debt1,923 
Other current liabilities336 
Current liabilities2,762 
Debt
1,373 
Lease and other financing obligations35 
Reclamation and remediation liabilities393 
Deferred income tax liabilities (2)
1,429 
Employee-related benefits222 
Other non-current liabilities11 
Total liabilities6,225 
Net assets acquired$13,549 
____________________________
(1)During the first quarter of 2024, measurement period adjustments of $326 increased Property, plant and mine development, net, from refinements to the preliminary valuation of the Canadian assets. No measurement period adjustments occurred in the second quarter of 2024.
(2)Deferred income tax assets and liabilities represent the future tax benefit or future tax expense associated with the differences between the preliminary fair value allocated to assets (excluding goodwill) and liabilities and a tax basis increase to the preliminary fair value of the assets acquired in Australia and the historical carryover tax basis of assets and liabilities in all other jurisdictions. No deferred tax liability is recognized for the basis difference inherent in the preliminary fair value allocated to goodwill. During the first quarter of 2024, adjustments resulted in deferred income tax assets decreasing by $10 and deferred income tax liabilities increasing by $98. No measurement period adjustments occurred in the second quarter of 2024.
(3)Preliminary goodwill is attributable to reportable segments as follows: $1,089 to Brucejack; $404 to Red Chris; $427 to Cadia; and $615 to Lihir. During the first quarter of 2024, the Company identified and recorded measurement period adjustments to the Company's preliminary purchase price allocation, as a result of additional analysis performed. These adjustments resulted in a reduction in Goodwill of $209. No measurement period adjustments occurred in the second quarter of 2024.
Sales and Net income (loss) attributable to Newmont stockholders in the Condensed Consolidated Statement of Operations includes Newcrest revenue of $1,140 and $2,132 and Newcrest net income (loss) of $252 and $476 for the three and six months ended June 30, 2024, respectively.
Pro Forma Financial Information
The following unaudited pro forma financial information presents consolidated results assuming the Newcrest transaction occurred on January 1, 2022.
Three Months Ended June 30, 2023Six Months Ended June 30, 2023
Sales$3,856 $7,718 
Net income (loss) attributable to Newmont stockholders
$394 $987 
v3.24.2
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2024
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 reportable segments of the Company comprise each of its 17 mining operations that it manages, which includes its 70.0% proportionate interest in Red Chris, and its 38.5% proportionate interest in Nevada Gold Mines ("NGM") which it does not directly manage.
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 Corporate and Other, which has been provided for reconciliation purposes.
The financial information relating to the Company’s segments is as follows:
SalesCosts Applicable to SalesDepreciation and AmortizationAdvanced Projects, Research and Development and ExplorationIncome (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (1)
Three Months Ended June 30, 2024
Brucejack (2)
$106 $64 $36 $1 $4 $19 
Red Chris (2)
Gold19 7 2 
Copper63 33 11 
Total Red Chris82 40 13 2 26 49 
Peñasquito:
Gold149 53 22 
Silver209 96 41 
Lead44 26 12 
Zinc149 96 35 
Total Peñasquito551 271 110 3 163 26 
Merian142 96 20 5 21 32 
Cerro Negro
65 70 22 3 (36)31 
Yanacocha181 77 23 4 22 9 
Boddington:
Gold320 139 26 
Copper86 49 9 
Total Boddington406 188 35 1 175 29 
Tanami231 101 33 7 79 105 
Cadia: (2)
Gold297 77 33 
Copper221 67 33 
Total Cadia518 144 66 4 301 134 
Lihir (2)
345 162 43 4 126 40 
Ahafo422 176 55 12 185 81 
NGM590 307 103 7 164 126 
Corporate and Other— — 12 46 (185)4 
Held for sale (3)
CC&V78 45 4 2 24 8 
Musselwhite132 56 — 1 74 21 
Porcupine206 94 9 1 (149)55 
Éléonore147 89 2 1 54 29 
Telfer: (2)(4)
Gold82 83 4 
Copper7 12 1 
Total Telfer89 95 5 2 (30)14 
Akyem111 81 11 — 18 7 
Consolidated$4,402 $2,156 $602 $106 $1,036 $819 
____________________________
(1)Includes an increase in accrued capital expenditures of $19. Consolidated capital expenditures on a cash basis were $800.
(2)Sites acquired through the Newcrest transaction. Refer to Note 3 for further information.
(3)Refer to Note 5 for further information on held for sale. The Coffee development project disposal group is included in Corporate and Other.
(4)During the second quarter, seepage points were detected on the outer wall and around the tailings storage facility at Telfer and we have temporarily ceased placing new tailings on the facility. Remediation of the facility has commenced and we expect production to commence during the fourth quarter of 2024.
SalesCosts Applicable to SalesDepreciation and AmortizationAdvanced Projects, Research and Development and ExplorationIncome (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (1)
Three Months Ended June 30, 2023
CC&V$82 $49 $6 $3 $21 $13 
Musselwhite80 55 18 4 (2)31 
Porcupine125 77 27 6 12 36 
Éléonore (2)
100 74 24 2 (2)31 
Peñasquito: (3)
Gold95 40 15 
Silver124 95 34 
Lead32 33 12 
Zinc65 90 30 
Total Peñasquito316 258 91 3 (57)37 
Merian104 80 15 5 3 21 
Cerro Negro
100 83 34 1 (31)39 
Yanacocha132 79 22 6 (9)65 
Boddington:
Gold394 159 27 
Copper82 48 9 
Total Boddington476 207 36 1 226 37 
Tanami244 102 31 9 100 115 
Ahafo263 121 42 10 91 77 
Akyem98 54 26 5 12 12 
NGM563 304 105 10 140 123 
Corporate and Other— — 9 45 (204)21 
Consolidated$2,683 $1,543 $486 $110 $300 $658 
____________________________
(1)Includes an increase in prepaid capital expenditures and accrued capital expenditures of $42. Consolidated capital expenditures on a cash basis were $616.
(2)In June 2023, the Company evacuated Éléonore and temporarily shutdown the operation in response to the ongoing wildfires in Canada and continued to incur costs. The Company fully resumed operations during the third quarter of 2023.
(3)In June 2023, the National Union of Mine and Metal Workers of the Mexican Republic (the "Union") notified the Company of a strike action. In response to the strike notice, the Company suspended operations at Peñasquito. The Company reached an agreement with the Union and operations at Peñasquito resumed in the fourth quarter of 2023.
SalesCosts Applicable to SalesDepreciation and AmortizationAdvanced Projects, Research and Development and ExplorationIncome (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (1)
Six Months Ended June 30, 2024
Brucejack (2)
$178 $138 $71 $1 $(33)$35 
Red Chris (2)
Gold35 14 4 
Copper109 64 19 
Total Red Chris144 78 23 4 37 84 
Peñasquito:
Gold241 91 37 
Silver410 207 85 
Lead104 62 26 
Zinc273 204 71 
Total Peñasquito1,028 564 219 5 225 58 
Merian297 186 39 9 60 50 
Cerro Negro
218 133 52 8 15 77 
Yanacocha367 165 51 6 42 33 
Boddington:
Gold619 283 52 
Copper163 97 18 
Total Boddington782 380 70 2 332 57 
Tanami419 183 58 15 161 190 
Cadia: (2)
Gold545 151 61 
Copper388 134 60 
Total Cadia933 285 121 9 523 245 
Lihir (2)
722 333 78 10 289 95 
Ahafo803 335 106 17 363 171 
NGM1,149 621 210 12 292 244 
Corporate and Other— — 24 90 (747)8 
Held for sale (3)
CC&V137 85 7 3 (68)13 
Musselwhite233 113 18 3 15 47 
Porcupine331 157 32 3 (115)95 
Éléonore263 169 21 5 66 50 
Telfer: (2)(4)
Gold141 153 12 
Copper14 27 3 
Total Telfer155 180 15 6 (54)24 
Akyem266 157 41 4 61 16 
Consolidated$8,425 $4,262 $1,256 $212 $1,464 $1,592 
____________________________
(1)Includes a decrease in accrued capital expenditures of $58. Consolidated capital expenditures on a cash basis were $1,650.
(2)Sites acquired through the Newcrest transaction. Refer to Note 3 for further information.
(3)Refer to Note 5 for further information on held for sale. The Coffee development project disposal group is included in Corporate and Other.
(4)During the second quarter, seepage points were detected on the outer wall and around the tailings storage facility at Telfer and we have temporarily ceased placing new tailings on the facility. Remediation of the facility has commenced and we expect production to commence during the fourth quarter of 2024.
SalesCosts Applicable to SalesDepreciation and AmortizationAdvanced Projects, Research and Development and ExplorationIncome (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (1)
Six Months Ended June 30, 2023
CC&V$173 $100 $13 $6 $48 $23 
Musselwhite163 113 37 5 4 45 
Porcupine248 147 56 10 27 58 
Éléonore (2)
229 149 51 3 24 45 
Peñasquito: (3)
Gold205 107 35 
Silver241 177 59 
Lead64 55 19 
Zinc182 176 54 
Total Peñasquito692 515 167 6 (35)72 
Merian263 165 33 8 56 35 
Cerro Negro
216 153 65 3 (24)74 
Yanacocha232 135 38 9 (9)128 
Boddington:
Gold775 326 55 
Copper192 101 18 
Total Boddington967 427 73 3 459 74 
Tanami367 163 50 13 140 189 
Ahafo512 251 81 16 162 167 
Akyem246 117 55 8 61 22 
NGM1,054 590 211 17 225 207 
Corporate and Other— — 17 86 (299)27 
Consolidated$5,362 $3,025 $947 $193 $839 $1,166 
____________________________
(1)Includes an increase in prepaid capital expenditures and accrued capital expenditures of $24. Consolidated capital expenditures on a cash basis were $1,142.
(2)In June 2023, the Company evacuated Éléonore and temporarily shutdown the operation in response to the ongoing wildfires in Canada and continued to incur costs. The Company fully resumed operations during the third quarter of 2023.
(3)In June 2023, the Union notified the Company of a strike action. In response to the strike notice, the Company suspended operations at Peñasquito. The Company reached an agreement with the Union and operations at Peñasquito resumed in the fourth quarter of 2023.
v3.24.2
ASSETS AND LIABILITIES HELD FOR SALE
 6 Months Ended
Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
ASSETS AND LIABILITIES HELD FOR SALE ASSETS AND LIABILITIES HELD FOR SALE
Based on a comprehensive review of the Company’s portfolio of assets, the Company’s Board of Directors approved a portfolio optimization program to divest six non-core assets and a development project in February 2024. The non-core assets to be divested include the CC&V, Musselwhite, Porcupine, Éléonore, Telfer, and Akyem reportable segments, and the Coffee development project which is included within Corporate and Other. The Telfer disposal group also includes the Havieron development project, which is 70% owned by the Company and accounted for under proportionate consolidation, and other related assets.
In February 2024, based on progress made through the Company's active sales program and management’s expectation that the sale is probable and will be completed within 12 months, the Company concluded that these non-core assets and the development project met the accounting requirements to be presented as held for sale. While the Company remains committed to a plan to sell these assets for a fair price, there is a possibility that the assets held for sale may exceed one year due to events or circumstances beyond the Company's control. As of December 31, 2023, the aggregate net book value of the non-core assets and the development project was $3,419.
Upon meeting the requirements to be presented as held for sale, the six non-core assets and the development project were recorded at the lower of the carrying value or fair value, less costs to sell, and will be periodically valued until sale occurs. As a result, a write-down of $157 and $509 was recognized for the three and six months ended June 30, 2024, respectively, within Loss on assets held for sale, resulting in an aggregate net book value of $2,965 at June 30, 2024. The write-down resulted in a tax impact of $89 and $222 for the three and six months ended June 30, 2024, respectively, resulting in a total loss of $246 and $731 recognized for the three and six months ended June 30, 2024, respectively, within Loss on assets held for sale.
The estimated fair values were determined using the income approach and are considered a non-recurring level 3 fair value measurement. Significant inputs to the fair value measured included (i) cash flow information available to the Company, (ii) a short-term gold price of $2,275 per ounce, (iii) a long-term gold price of $1,700 per ounce, (iv) current estimates of reserves, resources, and
exploration potential, and (v) a reporting unit specific discount rate in the range of 5.875% to 11.875%. Additional losses may be incurred as the Company continues its active sales program or as fair value estimates change.
The following table presents the carrying value of the major classes of assets and liabilities held for sale by disposal group as of June 30, 2024, prior to recognition of the write-down of $509 for the six months ended June 30, 2024:
CC&V
Musselwhite
Porcupine
Éléonore
Telfer
Akyem
Coffee Project (1)
Total
Assets held for sale:
Property, plant and mine development, net
$90 $1,012 $1,421 $734 $387 $530 $321 $4,495 
Other assets
466 35 108 140 260 373 2 1,384 
Carrying value of assets held for sale
$556 $1,047 $1,529 $874 $647 $903 $323 $5,879 
Liabilities held for sale:
Reclamation and remediation liabilities
$282 $78 $546 $84 $208 $401 $3 $1,602 
Other liabilities
33 261 237 64 129 76 3 803 
Carrying value of liabilities held for sale
$315 $339 $783 $148 $337 $477 $6 $2,405 
____________________________
(1)The Coffee Project is included in Corporate and Other in Note 4.
v3.24.2
SALES
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
SALES SALES
The following tables present the Company’s Sales by mining operation, product and inventory type:
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Three Months Ended June 30, 2024
Brucejack (1)
$81 $25 $106 
Red Chris: (1)
Gold— 19 19 
Copper— 63 63 
Total Red Chris— 82 82 
Peñasquito:
Gold— 149 149 
Silver (2)
— 209 209 
Lead— 44 44 
Zinc— 149 149 
Total Peñasquito— 551 551 
Merian136 6 142 
Cerro Negro 65 — 65 
Yanacocha178 3 181 
Boddington:
Gold91 229 320 
Copper— 86 86 
Total Boddington91 315 406 
Tanami231 — 231 
Cadia: (1)
Gold32 265 297 
Copper— 221 221 
Total Cadia32 486 518 
Lihir (1)
345 — 345 
Ahafo422 — 422 
NGM (3)
561 29 590 
Held for sale (4)
CC&V78 — 78 
Musselwhite 132 — 132 
Porcupine 206 — 206 
Éléonore 147 — 147 
Telfer: (1)
Gold17 65 82 
Copper— 7 7 
Total Telfer17 72 89 
Akyem111 — 111 
Consolidated$2,833 $1,569 $4,402 
____________________________
(1)Sites acquired through the Newcrest transaction. Refer to Note 3 for further information.
(2)Silver sales from concentrate includes $23 related to non-cash amortization of the silver streaming agreement liability.
(3)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $559 for the three months ended June 30, 2024.
(4)Refer to Note 5 for further information on held for sale.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Three Months Ended June 30, 2023
CC&V$82 $— $82 
Musselwhite 80 — 80 
Porcupine 125 — 125 
Éléonore 100 — 100 
Peñasquito:
Gold19 76 95 
Silver (1)
— 124 124 
Lead— 32 32 
Zinc— 65 65 
Total Peñasquito19 297 316 
Merian104 — 104 
Cerro Negro 100 — 100 
Yanacocha130 2 132 
Boddington:
Gold100 294 394 
Copper— 82 82 
Total Boddington100 376 476 
Tanami244 — 244 
Ahafo263 — 263 
Akyem98 — 98 
NGM (2)
539 24 563 
Consolidated$1,984 $699 $2,683 
____________________________
(1)Silver sales from concentrate includes $15 related to non-cash amortization of the silver streaming agreement liability.
(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $531 for the three months ended June 30, 2023.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Six Months Ended June 30, 2024
Brucejack (1)
$130 $48 $178 
Red Chris: (1)
Gold— 35 35 
Copper— 109 109 
Total Red Chris— 144 144 
Peñasquito:
Gold— 241 241 
Silver (2)
— 410 410 
Lead— 104 104 
Zinc— 273 273 
Total Peñasquito— 1,028 1,028 
Merian284 13 297 
Cerro Negro 218 — 218 
Yanacocha364 3 367 
Boddington:
Gold165 454 619 
Copper— 163 163 
Total Boddington165 617 782 
Tanami419 — 419 
Cadia: (1)
Gold65 480 545 
Copper— 388 388 
Total Cadia65 868 933 
Lihir (1)
722 — 722 
Ahafo803 — 803 
NGM (3)
1,090 59 1,149 
Held for sale (4)
CC&V137 — 137 
Musselwhite 233 — 233 
Porcupine 331 — 331 
Éléonore 263 — 263 
Telfer: (1)
Gold24 117 141 
Copper— 14 14 
Total Telfer24 131 155 
Akyem266 — 266 
Consolidated$5,514 $2,911 $8,425 
____________________________
(1)Sites acquired through the Newcrest transaction. Refer to Note 3 for further information.
(2)Silver sales from concentrate includes $50 related to non-cash amortization of the silver streaming agreement liability.
(3)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $1,088 for the six months ended June 30, 2024.
(4)Refer to Note 5 for further information on held for sale.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Six Months Ended June 30, 2023
CC&V$173 $— $173 
Musselwhite 163 — 163 
Porcupine 248 — 248 
Éléonore 229 — 229 
Peñasquito:
Gold34 171 205 
Silver (1)
— 241 241 
Lead— 64 64 
Zinc— 182 182 
Total Peñasquito34 658 692 
Merian263 — 263 
Cerro Negro 216 — 216 
Yanacocha224 8 232 
Boddington:
Gold193 582 775 
Copper— 192 192 
Total Boddington193 774 967 
Tanami367 — 367 
Ahafo512 — 512 
Akyem246 — 246 
NGM (2)
1,012 42 1,054 
Consolidated$3,880 $1,482 $5,362 
____________________________
(1)Silver sales from concentrate includes $31 related to non-cash amortization of the silver streaming agreement liability.
(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $1,012 for the six months ended June 30, 2023.
Trade Receivables and Provisional Sales
At June 30, 2024 and December 31, 2023, Trade receivables primarily consisted of sales from provisionally priced concentrate and other production. The impact to Sales from changes in pricing on provisional sales is an increase (decrease) of $91 and $(22) for the three months ended June 30, 2024 and 2023, respectively, and $131 and $— for the six months ended June 30, 2024 and 2023, respectively.
At June 30, 2024, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months:
Provisionally Priced Sales
Subject to Final Pricing (1)
Average Provisional
Price (per ounce/pound)
Gold (ounces, in thousands)204 $2,332 
Copper (pounds, in millions)75 $4.35 
Silver (ounces, in millions)5 $29.25 
Lead (pounds, in millions)28 $0.99 
Zinc (pounds, in millions)80 $1.32 
Molybdenum (pounds, in millions) (2)
1 $22.74 
____________________________
(1)Includes provisionally priced by-product sales subject to final pricing, which are recognized as a reduction to Costs applicable to sales.
(2)Molybdenum is a by-product at the Cadia site and is recognized as a reduction to Costs applicable to sales.
v3.24.2
RECLAMATION AND REMEDIATION
 6 Months Ended
Jun. 30, 2024
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
June 30,		Six Months Ended
June 30,
2024202320242023
Reclamation adjustments and other$1 $6 $4 $8 
Reclamation accretion87 59 172 119 
Reclamation expense88 65 176 127 
Remediation adjustments and other5 (1)13 1 
Remediation accretion1 2 3 4 
Remediation expense6 1 16 5 
Reclamation and remediation$94 $66 $192 $132 
The following are reconciliations of Reclamation and remediation liabilities:
Reclamation
Remediation
2024202320242023
Balance at January 1, (1)
$8,385 $6,731 $401 $373 
Additions, changes in estimates, and other— 1 5 (2)
Payments, net(136)(99)(30)(12)
Accretion expense 172 119 3 4 
Reclassification to Liabilities held for sale (2)
(1,582)— (20)— 
Balance at June 30,
$6,839 $6,752 $359 $363 
____________________________
(1)The Newcrest transaction occurred on November 6, 2023, resulting in an increase in the beginning balance at January 1, 2024, as compared to the beginning balance at January 1, 2023. Refer to Note 3 for further information.
(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, the related assets and liabilities, including Reclamation and remediation liabilities, were reclassified to Assets held for sale and Liabilities held for sale, respectively. Refer to Note 5 for additional information.

At June 30, 2024At December 31, 2023
ReclamationRemediationTotalReclamationRemediationTotal
Current (1)
$512 $66 $578 $558 $61 $619 
Non-current (2)
6,327 293 6,620 7,827 340 8,167 
Total (3)
$6,839 $359 $7,198 $8,385 $401 $8,786 
____________________________
(1)The current portion of reclamation and remediation liabilities are included in Other current liabilities.
(2)The non-current portion of reclamation and remediation liabilities are included in Reclamation and remediation liabilities.
(3)Total reclamation liabilities include $4,787 and $4,804 related to Yanacocha at June 30, 2024 and December 31, 2023, respectively.
The Company is also involved in several matters concerning environmental remediation obligations associated with former, primarily historic, mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. The amounts accrued are reviewed periodically based upon facts and circumstances available at the time. Changes in estimates are recorded in Other current liabilities and Reclamation and remediation liabilities in the period estimates are revised.
Included in Assets held for sale at June 30, 2024 is $53 of restricted cash held for purposes of settling reclamation and remediation obligations at Akyem.
Included in Other non-current assets at June 30, 2024 and December 31, 2023 are $20 and $81, respectively, of non-current restricted cash held for purposes of settling reclamation and remediation obligations. The amounts at June 30, 2024 primarily relate to Ahafo. The amounts at December 31, 2023 primarily relate to Ahafo and Akyem.
Included in Other non-current assets at June 30, 2024 and December 31, 2023 are $17 and $21, respectively, of non-current restricted investments, which are legally pledged for purposes of settling reclamation and remediation obligations. The amounts at June 30, 2024 and December 31, 2023 primarily relate to San Jose Reservoir at Yanacocha.
Refer to Note 20 for further discussion of reclamation and remediation matters.
v3.24.2
OTHER EXPENSE, NET
 6 Months Ended
Jun. 30, 2024
Operating Costs and Expenses [Abstract]  
OTHER EXPENSE, NET OTHER EXPENSE, NET
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Newcrest transaction and integration costs (1)
$16 $21 $45 $21 
Settlement costs5 — 26 — 
Impairment charges9 4 21 8 
Restructuring and severance9 10 15 12 
Other20 6 25 8 
Other expense, net$59 $41 $132 $49 
____________________________
(1)Represents costs incurred related to the Newcrest transaction. Refer to Note 3 for further information.
v3.24.2
OTHER INCOME (LOSS), NET
 6 Months Ended
Jun. 30, 2024
Other Income, Nonoperating [Abstract]  
OTHER INCOME (LOSS), NET OTHER INCOME (LOSS), NET
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Interest income$38 $37 $77 $73 
Gain on asset and investment sales, net
55 — 64 36 
Change in fair value of investments(9)(42)22 (1)
Gain on debt extinguishment, net (1)
14 — 14 — 
Insurance proceeds (2)
2 — 12 — 
Foreign currency exchange, net(25)(11)3 (22)
Other, net
25 (1)29 (4)
Other income (loss), net$100 $(17)$221 $82 
____________________________
(1)In June 2024, the Company partially redeemed certain Senior Notes, resulting in a gain on extinguishment of $20, partially offset by the acceleration of $6 loss from Accumulated Other Comprehensive Income related to the previously terminated interest rate cash flow hedges for the three and six months ended June 30, 2024. Refer to Note 16 for additional information.
(2)For the six months ended June 30, 2024, primarily consists of insurance proceeds received of $12 related to a conveyor failure at Ahafo.
Gain on asset and investment sales, net. For the three and six months ended June 30, 2024, Gain on asset and investment sales, net primarily consists of the gain recognized of $49 on the sale of the Stream Credit Facility Agreement ("SCFA") in the second quarter and the purchase and sale of foreign currency bonds. Refer to Note 12 of the Condensed Consolidated Financial Statements for further information on the sale of the SCFA.
For the six months ended June 30, 2023, Gain on asset and investment sales, net primarily consists of the gain recognized on the exchange of the previously held 28.5% investment in Maverix Metals, Inc. ("Maverix") for 7.5% ownership interest in Triple Flag Precious Metals Corporation ("Triple Flag") resulting from Triple Flag's acquisition of all issued and outstanding common shares of Maverix in January 2023, partially offset by the loss on the sale of the Triple Flag investment in March 2023, resulting in a net gain of $36.
v3.24.2
INCOME AND MINING TAXES
 6 Months Ended
Jun. 30, 2024
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 June 30, (1)
Six Months Ended June 30, (1)
2024202320242023
Income (loss) before income and mining tax and other items$1,036 $300 $1,464 $839 
U.S. Federal statutory tax rate
21 %218 21 %63 21 %307 21 %176 
Reconciling items:
Change in valuation allowance on deferred tax assets2 20 16 48 (3)(45)

7 57 
Foreign rate differential8 84 10 32 10 147 9 75 
Mining and other taxes (net of associated federal benefit)5 52 7 20 6 95 6 49 
Uncertain tax position reserve adjustment(5)(50)1 3 (4)(52)2 14 
Tax impact of foreign exchange (9)(88)1 3 (4)(58)2 21 
Akyem recognition of DTL for assets held for sale
(3)(36)— — 6 81 — — 
Other(1)(9)(2)(6)(1)(24)(2)(16)
Income and mining tax expense (benefit)18 %$191 54 %$163 31 %$451 45 %$376 
____________________________
(1)Tax rates may not recalculate due to rounding.
v3.24.2
FAIR VALUE ACCOUNTING
 6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
FAIR VALUE ACCOUNTING
NOTE 11     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 of the Consolidated Financial Statements included in Part II of the Company's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 29, 2024 for further information on the Company's assets and liabilities included in the fair value hierarchy presented below.
Fair Value at June 30, 2024
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$2,602 $2,602 $— $— 
Restricted cash34 34 — — 
Time deposits (Note 13)
28 — 28 — 
Trade receivables from provisional concentrate sales, net 
943 — 943 — 
Assets held for sale (Note 5) (2)
2,947 — — 2,947 
Marketable and other equity securities (Note 13) (3)
268 259 9 — 
Restricted marketable debt securities (Note 13)
17 17 — — 
Derivative assets (Note 12)
252 — 2 250 
$7,091 $2,912 $982 $3,197 
Liabilities:
Debt (4)
$8,582 $— $8,582 $— 
Derivative liabilities (Note 12)
10 — 3 7 
$8,592 $— $8,585 $7 
Fair Value at December 31, 2023
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$3,002 $3,002 $— $— 
Restricted cash98 98 — — 
Trade receivables from provisional concentrate sales, net 
734 — 734 — 
Long-lived assets22 — — 22 
Marketable and other equity securities (Note 13)
252 243 9 — 
Restricted marketable debt securities (Note 13)
21 21 — — 
Derivative assets (Note 12)
642 — 7 635 
$4,771 $3,364 $750 $657 
Liabilities:
Debt (4)
$8,975 $— $8,975 $— 
Derivative liabilities (Note 12)
8 — 3 5 
$8,983 $— $8,978 $5 
____________________________
(1)Cash and cash equivalents includes short-term deposits that have an original maturity of three months or less.
(2)Assets held for sale at June 30, 2024 includes assets held for sale that were written down to their fair value, excluding costs to sell, of $1,564 and $1,383 at March 31, 2024 and June 30, 2024, respectively. The aggregate fair value, excluding costs to sell, of net assets held for sale subject to fair value remeasurement was $916 and $600 at March 31, 2024 and June 30, 2024, respectively.
(3)Excludes certain investments accounted for under the measurement alternative at June 30, 2024.
(4)Debt is carried at amortized cost. The outstanding carrying value was $8,692 and $8,874 at June 30, 2024 and December 31, 2023, respectively. Refer to Note 16 for further information. The fair value measurement of debt was based on an independent third party pricing source.
The Company's assets held for sale consist of the six non-core assets and a development project that met the accounting requirements to be presented as held for sale in the first quarter of 2024. The assets are classified as non-recurring within Level 3 of the fair value hierarchy. Refer to Note 5 for further information.
The following tables set forth a summary of the quantitative and qualitative information related to the significant observable and unobservable inputs used in the calculation of the Company’s Level 3 financial assets and liabilities at June 30, 2024 and December 31, 2023:
DescriptionAt June 30, 2024Valuation TechniqueSignificant InputRange, Point Estimate or Average
Weighted Average Discount Rate
Assets held for sale
$2,947 Income-based approach
Various (1)
Various (1)
Various (1)
Derivative assets:
Hedging instruments (2)(3)
$102 Discounted cash flow
Forward power prices
A$43 - A$321
6.92 %
Contingent consideration assets$146 
Monte Carlo (4)
Discount rate
8.04% - 26.43%
11.50 %
Derivative liabilities (3)
$5 Discounted cash flowDiscount rate
4.82% - 6.15%
5.62 %
DescriptionAt December 31, 2023Valuation TechniqueSignificant InputRange, Point Estimate or Average
Weighted Average Discount Rate
Long-lived assets$22 
Market-multiple
Various (5)
Various (5)
Various (5)
Derivative assets:
Derivative assets, not designated for hedging (2)
$424 Discounted cash flowDiscount rate
6.28% - 10.50%
9.03 %
Contingent consideration assets$211 
Monte Carlo (4)
Discount rate
8.04% - 26.43%
11.18 %
Derivative liabilities
$5 Discounted cash flow
Discount rate
4.91% - 6.15%
5.65 %
____________________________
(1)Refer to Note 5 for information on the assumptions and inputs specific to the non-recurring fair value measurements performed in connection with assets held for sale.
(2)The SCFA and the Cadia Power Purchase Agreement ("Cadia PPA"), acquired as part of the Newcrest transaction, were not designated in a hedging relationship at December 31, 2023. At January 1, 2024, the Company designated the Cadia PPA for hedge accounting, and as a result is included within Hedging instruments at June 30, 2024. Additionally, in the second quarter of 2024, the Company sold the SCFA. Refer to Note 12 for further information.
(3)At June 30, 2024, the current portion of the Cadia PPA of $2 is in a liability position and the non-current portion of $104 is in an asset position. The current portion is included in Derivative liabilities within the fair value hierarchy table.
(4)A Monte Carlo valuation model is used for the fair value measurement of the Batu Hijau contingent consideration asset. All other contingent consideration assets are valued using a probability-weighted discounted cash flow model.
(5)At December 31, 2023, the Company recognized its proportionate share of the non-cash impairment charge on long-lived assets at NGM, which resulted in a remaining long-lived asset balance of $22. The estimated fair value was based on observable market values for comparable assets expressed as dollar per ounce of mineral resources and was considered a non-recurring Level 3 fair value measurement.
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 (1)
Total Assets
Derivative
Liabilities (2)
Total Liabilities
Fair value at December 31, 2023$635 $635 $5 $5 
Settlements/Reclassifications (3)
(76)(76)— — 
Revaluation
(28)(28)2 2 
Sales (4)
(281)(281)— 
Fair value at June 30, 2024$250 $250 $7 $7 
Derivative
Assets (1)
Total Assets
Derivative
Liabilities (2)
Total Liabilities
Fair value at December 31, 2022$188 $188 $3 $3 
Revaluation
(1)(1)2 2 
Fair value at June 30, 2023$187 $187 $5 $5 
____________________________
(1)In 2024, the gain (loss) recognized on revaluation of derivative assets of $5, $(44) and $11 is included in Other income (loss), net, Other comprehensive income (loss), and Net income (loss) from discontinued operations, respectively. In 2023, the (loss) gain recognized on revaluation derivative assets of $(7) and $6 is included in Other income (loss), net and Net income (loss) from discontinued operations, respectively.
(2)In 2024, the loss recognized on revaluation of derivative liabilities of $2 is included in Other comprehensive income (loss). In 2023, the loss recognized on revaluation of derivative liabilities of $2 is included in Other income (loss), net.
(3)In the first quarter of 2024, certain amounts relating to the Batu Hijau contingent consideration asset were reclassified from current Derivative assets to Other current assets as a result of achieving certain contractual milestones.
(4)In the second quarter of 2024, the Company sold the SCFA. Refer to Note 12 for further information.
v3.24.2
DERIVATIVE INSTRUMENTS
 6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE INSTRUMENTS DERIVATIVE INSTRUMENTS
At June 30,
2024		At December 31,
2023
Current derivative assets:
Derivative assets, not designated for hedging (1)
$— $115 
Contingent consideration assets
69 76 
Hedging instruments
2 7 
$71 $198 
Non-current derivative assets:
Derivative assets, not designated for hedging (1)
$— $309 
Contingent consideration assets77 135 
Hedging instruments (1)
104 — 
$181 $444 
Current derivative liabilities: (2)
Contingent consideration liabilities$3 $3 
Hedging instruments (1)
2 — 
$5 $3 
Non-current derivative liabilities: (3)
Contingent consideration liabilities$5 $5 
$5 $5 
____________________________
(1)The SCFA and the Cadia PPA, acquired as part of the Newcrest transaction, were not designated in a hedging relationship at December 31, 2023. At January 1, 2024, the Company designated the Cadia PPA for hedge accounting, and as a result is included within Hedging instruments at June 30, 2024. Additionally, in the second quarter of 2024, the Company sold the SCFA. See below for further information.
(2)Included in Other current liabilities.
(3)Included in Other non-current liabilities.
Derivative Assets, Not Designated for Hedging
Stream Credit Facility Agreement ("SCFA")
The SCFA was a non-revolving credit facility in relation to the Fruta del Norte mine, which is wholly owned and operated by Lundin Gold Inc. ("Lundin Gold") in which the Company holds a 32.0% equity interest (refer to Note 13 for further information). The SCFA was a financial instrument that met the definition of a derivative and was accounted for at fair value using a probability weighted discounted cash flow model, but was not designated for hedge accounting under ASC 815. The fair value of the SCFA was $276 at December 31, 2023, of which $113 was recognized in current Derivative assets and $163 was recognized in non-current Derivative assets.
In the second quarter of 2024, the Company completed the sale of the SCFA and Offtake agreement in which Lundin Gold repurchased the SCFA and settled the rights under the Offtake agreement for cash consideration of $330, of which $180 was received in June 2024. Refer to Note 13 for further information on the Offtake agreement. The final payment of $150 is expected in the third quarter of 2024 and is included in Other current assets. The sale resulted in a gain of $49 recognized in Other Income (loss), net.
Hedging Instruments
Hedging instruments consisted of the foreign currency cash flow hedges and Cadia PPA at June 30, 2024.
Foreign currency cash flow hedges
In June 2024, the Company initiated a hedge program by entering into AUD-denominated fixed forward contracts, with A$136 entered into as of June 30, 2024, to mitigate variability in the USD functional cash flows related to the AUD-denominated capital expenditures to be incurred during the construction and development phase of the Tanami Expansion 2 project, Cadia PC1-2 and PC2-3 ("Cadia Block Caves") and Cadia Tailings Project ("Cadia Tails") to be incurred between October 2024 and December 2025. The capital expenditures hedged for the Tanami Expansion 2 project under these fixed forward contracts will be for spend not covered by the hedges entered into in October 2022, as described below. The fixed forward contracts were transacted for risk management purposes. The Company has designated the fixed forward contracts as foreign currency cash flow hedges against the forecasted AUD-denominated capital expenditures for the Tanami Expansion 2, Cadia Block Caves, and Cadia Tails projects.
Additionally in June 2024, the Company entered into CAD-denominated and AUD-denominated fixed forward contracts, with C$105 and A$413 entered into as of June 30, 2024, respectively, to mitigate variability in the USD functional cash flows related to the CAD-denominated and AUD-denominated operating expenditures expected to be incurred between October 2024 and December 2025 at the Brucejack and Red Chris operating mines located in Canada and the Boddington, Tanami, and Cadia operating mines located in Australia, respectively. The fixed forward contracts were transacted for risk management purposes. The Company has designated the CAD-denominated and AUD-denominated fixed forward contracts as foreign currency cash flow hedges against the forecasted CAD-denominated and AUD-denominated operating expenditures, respectively.
In October 2022, the Company entered into A$574 of AUD-denominated fixed forward contracts to mitigate variability in the USD functional cash flows related to the AUD-denominated capital expenditures expected to be incurred in 2023 and 2024 during the construction and development phase of the Tanami Expansion 2 project. The fixed forward contracts were transacted for risk management purposes. The Company has designated the fixed forward contracts as foreign currency cash flow hedges against the forecasted AUD-denominated Tanami Expansion 2 capital expenditures.
To minimize credit risk, the Company only enters into transactions with counterparties that meet certain credit requirements and periodically reviews the creditworthiness of these counterparties. The Company believes that the risk of counterparty default is low and its exposure to credit risk is minimal.
The unrealized changes in fair value have been recorded in Accumulated other comprehensive income (loss) and are reclassified to income during the period in which the hedged transaction affects earnings and is presented in the same income statement line item as the earnings effect of the hedged item. If the underlying hedge transaction becomes probable of not occurring, the related amounts will be reclassified to earnings immediately. For the foreign currency cash flow hedges related to capital expenditures, amounts recorded in Accumulated other comprehensive income (loss) are reclassified to earnings through Depreciation and amortization after the respective project reaches commercial production. For the foreign currency cash flow hedges related operating expenditures, amounts recorded in Accumulated other comprehensive income (loss) are reclassified to earnings through Costs applicable to sales in the month that the operating expenditures are incurred.
Cadia Power Purchase Agreement ("Cadia PPA")
The Cadia PPA is a 15-year renewable power purchase agreement acquired by the Company through the Newcrest transaction. The Cadia PPA will partially hedge against future power price increases at the Cadia mine and 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. At December 31, 2023, the Cadia PPA was a financial instrument that met the definition of a derivative under ASC 815 and was accounted for at fair value using a probability weighted discounted cash flow model, but was not designated for hedging. At January 1, 2024, the Company designated the Cadia PPA in a cash flow hedging relationship 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 from the Cadia PPA's commercial operations date, which is expected in the third quarter of 2024.
To minimize credit risk, the Company only enters into transactions with counterparties that meet certain credit requirements and periodically reviews the creditworthiness of these counterparties. The Company believes that the risk of counterparty default is low and its exposure to credit risk is minimal.
The unrealized changes in fair value have been recorded in Accumulated other comprehensive income (loss) and will be reclassified to income during the period in which the hedged transaction affects earnings and is presented in the same income statement line item as the earnings effect of the hedged item. If the underlying hedge transaction becomes probable of not occurring, the related amounts in Accumulated other comprehensive income (loss) will be reclassified to earnings immediately. For the Cadia PPA cash flow hedge, amounts recorded in Accumulated other comprehensive income (loss) will be reclassified to earnings through Costs applicable to sales each period in which electricity is purchased beginning the commercial operations date.
The following table provides the fair value of the Company’s derivative instruments designated as cash flow hedges:
At June 30,
2024		At December 31,
2023
Hedging instrument assets:
Foreign currency cash flow hedges, current (1)
$2 $7 
Cadia PPA cash flow hedge, non-current (2)(3)
104 — 
$106 $7 
Hedging instrument liabilities:
Cadia PPA cash flow hedge, current (3)(4)
$2 $— 
$2 $— 
____________________________
(1)Included in current Derivative assets.
(2)Included in non-current Derivative assets.
(3)At January 1, 2024, the Company designated the Cadia PPA for hedge accounting. As a result, the Cadia PPA is captured in Derivative instruments, not designated for hedging at December 31, 2023. See above for further information.
(4)Included in Other current liabilities.
The following table provides the losses (gains) recognized in earnings related to the Company's derivative instruments:
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Loss (gain) on cash flow hedges:
Interest rate contracts (1)
$7 $1 $8 $2 
Foreign currency cash flow hedges (2)
— 2 — 2 
$7 $3 $8 $4 
____________________________
(1)Interest rate contracts relate to swaps entered into, and subsequently settled, associated with the issuance of the 2022 Senior Notes, 2035 Senior Notes, 2039 Senior Notes, and 2042 Senior Notes. The related gains and losses are reclassified from Accumulated Other Comprehensive Income (Loss) and amortized to Interest expense, net over the term of the respective hedged notes. During the three and six months ended June 30, 2024, $6 was reclassified to Other income, net as a result of partial redemptions on the 2042 Senior Notes. See Note 16 for additional information.
(2)Foreign currency cash flow hedges related to contracts entered into, and subsequently settled, in 2023 to mitigate the variability of CAD and AUD denominated operating expenditures. The amounts are reclassified out of Accumulated other comprehensive income (loss) into earnings in the month that the operating expenditures are incurred. The losses (gains) recognized in earnings are included in Costs applicable to sales.
Contingent Consideration Assets and Liabilities
Contingent consideration assets and liabilities are comprised of contingent consideration to be received or paid by the Company in conjunction with various sales of assets and investments with future payment contingent upon meeting certain milestones. These contingent consideration assets and liabilities are accounted for at fair value and consist of financial instruments that meet the definition of a derivative but are not designated for hedge accounting under ASC 815. Refer to Note 11 for further information regarding the fair value of the contingent consideration assets and liabilities.
The Company had the following contingent consideration assets and liabilities:
At June 30,
2024		At December 31,
2023
Contingent consideration assets:
Batu Hijau and Elang (1)
$96 $161 
Red Lake (2)
39 39 
Cerro Blanco (2)
6 6 
Triple Flag (2)
4 4 
Other (2)
1 1 
$146 $211 
Contingent consideration liabilities:
Norte Abierto (3)
$3 $3 
Red Chris (4)
3 3 
Galore Creek (3)
2 2 
$8 $8 
____________________________
(1)At June 30, 2024, $69 is included in current Derivative assets and $27 is included in non-current Derivative assets. At December 31, 2023, $76 is included in current Derivative assets and $85 is included in non-current Derivative assets.
(2)Included in non-current Derivative assets.
(3)Included in Other non-current liabilities.
(4)Acquired through the Newcrest transaction and is included in Other current liabilities.
Batu Hijau and Elang Contingent Consideration Assets
The Batu Hijau and Elang contingent consideration assets relate to the sale of PT Newmont Nusa Tenggara in 2016. In July 2024, the Company executed an agreement for the sale of the Batu and Elang contingent consideration assets for cash consideration of approximately $153, expected to be received in the third quarter of 2024.
v3.24.2
INVESTMENTS
 6 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
INVESTMENTS INVESTMENTS
At June 30,
2024		At December 31,
2023
Current investments:
Time deposits (1)
$28 $— 
Marketable equity securities22 23 
50 23 
Non-current investments:
Marketable and other equity securities (2)
$271 $229 
Equity method investments: 
Pueblo Viejo Mine (40.0%)
$1,461 $1,489 
NuevaUnión Project (50.0%)
959 959 
Lundin Gold Inc. (32.0% and 32.0%, respectively)
921 938 
Norte Abierto Project (50.0%)
529 528 
3,870 3,914 
$4,141 $4,143 
Non-current restricted investments: (3)
Marketable debt securities$17 $21 
____________________________
(1)At June 30, 2024, Time deposits primarily includes deposits with an original maturity of more than three months but less than one year.
(2)At June 30, 2024, includes $25 accounted for under the measurement alternative.
(3)Non-current restricted investments are legally pledged for purposes of settling reclamation and remediation obligations and are included in Other non-current assets. Refer to Note 7 for further information regarding these amounts.
Equity method investments
Income (loss) from the Company's equity method investments is recognized in Equity income (loss) of affiliates, which primarily consists of income from Pueblo Viejo. (Loss) income from Pueblo Viejo consisted of $(3) and $15, for the three months ended June 30, 2024 and 2023, respectively, and $14 and $36 for the six months ended June 30, 2024 and 2023, respectively.
Pueblo Viejo
As of June 30, 2024 and December 31, 2023, the Company had outstanding shareholder loans to Pueblo Viejo of $434 and $429, with accrued interest of $21 and $14, respectively, included in the Pueblo Viejo equity method investment. Additionally, the Company has an unfunded commitment to Pueblo Viejo in the form of a revolving loan facility ("Revolving Facility"). There were no borrowings outstanding under the Revolving Facility as of June 30, 2024.
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 $126 and $248 for the three and six months ended June 30, 2024. Total payments made to Pueblo Viejo for gold and silver purchased were $104 and $221 for the three and six months ended June 30, 2023, respectively. These purchases, net of subsequent sales, are included in Other income (loss), net and the net amount is immaterial. There were no amounts due to or from Pueblo Viejo for gold and silver purchases as of June 30, 2024 or December 31, 2023.
Lundin Gold Inc.
Lundin Gold was acquired as part of the Newcrest transaction on November 6, 2023 and is accounted for on a quarterly lag.
The Company had the right to purchase 50% of gold produced from Lundin Gold at a price determined based on delivery dates and a defined quotational period and resold the ounces purchased to third parties under an offtake agreement acquired through the Newcrest transaction (the "Offtake agreement"). Total payments made to Lundin Gold under the Offtake agreement for gold purchased was $109 and $189 for the three and six months ended June 30, 2024. These purchases, net of subsequent sales, are included in Other income (loss), net and the net amount is immaterial. There was $10 and $13 payable due to Lundin Gold for gold purchases as of June 30, 2024 and December 31, 2023, respectively.
In the second quarter of 2024, the Company completed the sale of the SCFA and Offtake agreement in which Lundin Gold repurchased the SCFA and settled the rights under the Offtake agreement. Refer to Note 12 for further information.
v3.24.2
INVENTORIES
 6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
At June 30,
2024		At December 31,
2023
Materials and supplies$1,111 $1,247 
In-process109 160 
Concentrate155 134 
Precious metals92 122 
Inventories (1)
$1,467 $1,663 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Inventories of $253, and liabilities were reclassified to Assets held for sale and Liabilities held for sale, respectively. Refer to Note 5 for additional information.
STOCKPILES AND ORE ON LEACH PADS
At June 30, 2024 (1)
At December 31, 2023
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$516 $165 $681 $746 $233 $979 
Non-current1,844 158 2,002 1,532 403 1,935 
Total$2,360 $323 $2,683 $2,278 $636 $2,914 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Stockpiles and ore on leach pads of $586, and liabilities were reclassified to Assets held for sale and Liabilities held for sale, respectively. Refer to Note 5 for additional information.
v3.24.2
STOCKPILES AND ORE ON LEACH PADS
 6 Months Ended
Jun. 30, 2024
STOCKPILES AND ORE ON LEACH PADS  
STOCKPILES AND ORE ON LEACH PADS INVENTORIES
At June 30,
2024		At December 31,
2023
Materials and supplies$1,111 $1,247 
In-process109 160 
Concentrate155 134 
Precious metals92 122 
Inventories (1)
$1,467 $1,663 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Inventories of $253, and liabilities were reclassified to Assets held for sale and Liabilities held for sale, respectively. Refer to Note 5 for additional information.
STOCKPILES AND ORE ON LEACH PADS
At June 30, 2024 (1)
At December 31, 2023
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$516 $165 $681 $746 $233 $979 
Non-current1,844 158 2,002 1,532 403 1,935 
Total$2,360 $323 $2,683 $2,278 $636 $2,914 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Stockpiles and ore on leach pads of $586, and liabilities were reclassified to Assets held for sale and Liabilities held for sale, respectively. Refer to Note 5 for additional information.
v3.24.2
DEBT
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
DEBT DEBT
Scheduled minimum debt repayments are as follows:
At June 30,
2024
Year Ending December 31,
2024 (for the remainder of 2024)
$— 
2025— 
2026928 
2027— 
2028— 
Thereafter8,096 
Total face value of debt9,024 
Unamortized premiums, discounts, and issuance costs(332)
Debt$8,692 
Corporate Revolving Credit Facilities and Letters of Credit Facilities
In connection with the Newcrest transaction, the Company acquired bilateral bank debt facilities held with 13 banks. The bilateral bank debt facilities had a total borrowing capacity of $2,000, of which $1,923 was outstanding at December 31, 2023, and $462 due February 7, 2024, $769 due March 1, 2024, and $692 due March 1, 2026. On February 7, 2024, the Company repaid $462 of the amount outstanding.
On February 15, 2024, the Company completed an amendment and restatement of its existing $3,000 revolving credit agreement dated as of April 4, 2019 (the “Existing Credit Agreement”). The Existing Credit Agreement was entered into with a syndicate of financial institutions and provided for borrowings in U.S. dollars and contained a letter of credit sub-facility. Per the amendment, the expiration date of the credit facility was extended from March 30, 2026 to February 15, 2029 and the borrowing capacity was increased to $4,000. Interest is based on Term SOFR plus a credit spread adjustment and margin. Facility fees vary based on the credit ratings of the Company’s senior, uncollateralized, non-current debt. Debt covenants under the amendment are substantially the same as the Existing Credit Agreement.
On February 20, 2024, the Company utilized its $4,000 revolving credit agreement to repay the remaining $1,461 owed on the bilateral bank debt facilities.
2026 and 2034 Senior Notes
On March 7, 2024, the Company issued $2,000 unsecured Senior Notes comprised of $1,000 due March 15, 2026 (“2026 Senior Notes”) and $1,000 due March 15, 2034 ("2034 Senior Notes"). Net proceeds from the 2026 and 2034 Senior Notes were $1,980. Interest will be paid semi-annually at a rate of 5.30% and 5.35% per annum for the 2026 and the 2034 Senior Notes, respectively. The proceeds from this issuance were used to repay the drawdown on the revolving credit facility resulting in no amounts outstanding on the revolving credit facility as of June 30, 2024.
Debt Extinguishment
In June 2024, the Company partially redeemed certain Senior Notes resulting in a gain on extinguishment of $20 recognized in Other income (loss), net for the three and six months ended June 30, 2024. The gain includes the write-off of unamortized premiums, discounts, and issuance costs of $3 related to the partially redeemed Senior Notes. The following table summarizes the partial redemptions:
Settled Notional Amount
Total Repurchase Amount (1)
$1,000 5.30% Senior Notes due March 2026
$72 $74 
$700 2.80% Senior Notes due October 2029
3 3 
$650 3.25% Senior Notes due May 2030
1 1 
$1,000 2.25% Senior Notes due October 2030
36 31 
$1,000 2.60% Senior Notes due July 2032
100 85 
$1,000 4.875% Senior Notes due March 2042 (2)
38 36 
$250 $230 
____________________________
(1)Includes $3 of accrued interest.
(2)As a result of the partial redemption, the Company accelerated a loss of $6 from Accumulated other comprehensive income (loss) to Other income (loss), net for the three and six months ended June 30, 2024 related to previously terminated interest rate swaps.
v3.24.2
OTHER LIABILITIES
 6 Months Ended
Jun. 30, 2024
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES OTHER LIABILITIES
At June 30,
2024		At December 31,
2023
Other current liabilities:
Reclamation and remediation liabilities$578 $619 
Accrued operating costs (1)
439 473 
Accrued capital expenditures222 320 
Payables to NGM (2)
73 91 
Stamp duty on Newcrest transaction (3)
29 316 
Other (4)
478 543 
$1,819 $2,362 
Other non-current liabilities:
Income and mining taxes (5)
$123 $177 
Other (6)
124 139 
$247 $316 
____________________________
(1)Includes an estimated compensation payment to the Worsley JV related to the waiver of certain rights within the cross-operation agreement that confers priority to the bauxite operations at the Boddington mine.
(2)Primarily consists of amounts due to NGM representing Barrick's 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.
(3)Incurred as a result of the Newcrest transaction; refer to Note 3 for further information on the Newcrest transaction. Payment of $291 occurred in the first quarter of 2024.
(4)Primarily consists of accrued interest on debt, accrued royalties and the current portion of the silver streaming agreement liability.
(5)Primarily consists of unrecognized tax benefits, including penalties and interest.
(6)Primarily consists of operating lease liabilities.
v3.24.2
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​
 6 Months Ended
Jun. 30, 2024
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​ ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized Gain (Loss) on Marketable Debt Securities
Ownership Interest in Equity Method Investment
Foreign Currency Translation AdjustmentsPension and Other Post-retirement Benefit AdjustmentsUnrealized Gain (Loss) on Hedge InstrumentsTotal
Balance at December 31, 2023$(1)$— $121 $(36)$(70)$14 
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications— (2)8 — (34)(28)
(Gain) loss reclassified from accumulated other comprehensive income (loss)
— — — — 7 7 
Other comprehensive income (loss)— (2)8 — (27)(21)
Balance at June 30, 2024$(1)$(2)$129 $(36)$(97)$(7)
v3.24.2
NET CHANGE IN OPERATING ASSETS AND LIABILITIES
 6 Months Ended
Jun. 30, 2024
Increase (Decrease) in Operating Capital [Abstract]  
NET CHANGE IN OPERATING ASSETS AND LIABILITIES NET CHANGE IN OPERATING ASSETS AND LIABILITIES
Net cash provided by (used in) operating activities of continuing operations attributable to the net change in operating assets and liabilities is composed of the following:
Six Months Ended
June 30,
2024 (1)
2023
Decrease (increase) in operating assets:
Trade and other receivables $(224)$175 
Inventories, stockpiles and ore on leach pads (378)(261)
Other assets 56 15 
Increase (decrease) in operating liabilities:
Accounts payable(123)(84)
Reclamation and remediation liabilities (166)(111)
Accrued tax liabilities142 (91)
Other accrued liabilities (2)
(236)(112)
Net change in operating assets and liabilities$(929)$(469)
____________________________
(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 were reclassified to Assets held for sale and Liabilities held for sale, respectively. Amounts herein reflect the net change in the related operating assets and liabilities prior to being reclassified as held for sale. Refer to Note 5 for additional information.
(2)For the six months ended June 30, 2024, primarily consists of payment of $291 made in the first quarter for stamp duty tax largely accrued in the fourth quarter of 2023 in connection with the Newcrest transaction.
v3.24.2
COMMITMENTS AND CONTINGENCIES
 6 Months Ended
Jun. 30, 2024
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 Corporate and Other. The Yanacocha matters relate to the Yanacocha reportable segment. The Newmont Ghana Gold and Newmont Golden Ridge matters relate to the Ahafo and Akyem reportable segments, respectively. The CC&V matter relates to the CC&V reportable segment. The Goldcorp Canada matter relates to the Porcupine reportable segment. The Cadia matter relates to the Cadia reportable segment.
Environmental Matters
Refer to Note 7 for further information regarding reclamation and remediation. Details about certain significant matters are discussed below.
Minera Yanacocha S.R.L. - 100% Newmont Owned
In early 2015 and again in June 2017, the Peruvian government agency responsible for certain environmental regulations, MINAM, issued proposed modifications to water quality criteria for designated beneficial uses which apply to mining companies, including Yanacocha. These criteria modified the in-stream water quality criteria pursuant to which Yanacocha has been designing water treatment processes and infrastructure. In December 2015, MINAM issued the final regulation that modified the water quality standards. These Peruvian regulations allow time to formulate a compliance plan and make any necessary changes to achieve compliance.
In February 2017, Yanacocha submitted a modification to its previously approved compliance achievement plan to the MINEM. In May 2022, Yanacocha submitted a proposed modification to this plan requesting an extension of time for coming into full compliance with the new regulations to 2027. In June 2023, Yanacocha received approval of its updated compliance plan from MINEM and was granted an extension to June 2026 to achieve compliance. The Company appealed this approval to the Mining Council requesting the regulatory extension until 2027, and in April 2024, MINEM approved the compliance schedule.
The Company currently operates five water treatment plants at Yanacocha that have been and currently meet all currently applicable water discharge requirements. The Company is conducting detailed studies to better estimate water management and other closure activities that will ensure water quality and quantity discharge requirements, including the modifications promulgated by MINAM, as referenced above, will be met. This also includes performing a comprehensive update to the Yanacocha reclamation plan to address changes in closure activities and estimated closure costs while preserving optionality for potential future projects at Yanacocha. These ongoing studies, which will extend beyond the current year, continue to evaluate and revise assumptions and estimated costs of changes to the reclamation plan. While certain estimated costs remain subject to revision, the Company’s current asset retirement obligation includes plans for the construction and post-closure management of two new water treatment plants and initial consideration of known risks (including the associated risk that these water treatment estimates could change in the future as more work is completed). The ultimate construction costs of the two water treatment plants remain uncertain as ongoing study work and assessment of opportunities that incorporates the latest design considerations remain in progress. 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 storm water management system, and review of post-closure management costs, could result in future material increases to the reclamation obligation at Yanacocha.
Cripple Creek & Victor Gold Mining Company LLC - 100% Newmont Owned
In December 2021, Cripple Creek & Victor Gold Mining Company LLC (“CC&V”, a wholly-owned subsidiary of the Company) entered into a Settlement Agreement (“Settlement Agreement”) with the Water Quality Control Division of the Colorado Department of Public Health and Environment (the “Division”) with a mutual objective of resolving issues associated with the new discharge permits issued by the Division in January 2021 for the historic Carlton Tunnel. The Carlton Tunnel was a historic tunnel completed in 1941 with the purpose of draining the southern portion of the mining district, subsequently consolidated by CC&V. CC&V has held discharge permits for the Carlton Tunnel since 1983, primarily to focus on monitoring, with the monitoring data accumulated since the mid-1970s indicating consistency in the water quality discharged from the Carlton Tunnel over time. In 2006, legal proceedings and work with the regulator confirmed that the water flowing out of the Carlton Tunnel portal is akin to natural spring water and did not constitute mine drainage. However, this changed with the January 2021 permit updates, when the regulator imposed new water quality limits. The Settlement Agreement involves the evaluation of a reasonable and achievable timeline for treatment and permit compliance, acknowledging the lack of readily available technology, and the need to spend three years to study and select the technological solution, with three additional years to construct, bringing full permit compliance to the November 2027 timeframe. In 2022, the Company studied various interim passive water treatment options, reported the study results to the Division, and based on an evaluation of additional semi-passive options that involve the usage of power at the portal, updated the remediation liability to $20 in 2022. CC&V continues to study alternative long-term remediation plans for water discharged from the Carlton Tunnel, and is also working with regulators on the Discharger Specific Variance to identify highest feasible alternative treatment in the context, based on limits such as area topography. Depending on the plans that may ultimately be agreed with the Division, a material adjustment to the remediation liability may be required.
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. Both projects are scheduled to be completed in 2024.
The Dawn mill site is regulated by the Washington Department of Health (the "WDOH") and is in the process of being closed in accordance with the federal Uranium Mill Tailings Radiation Control Act, and associated Washington state regulations. Remediation at the Dawn mill site began in 2013. The Tailing Disposal Area 1-4 reclamation earthworks component was completed during 2017 with the embankment erosion protection completed in the second quarter of 2018. The remaining closure activities consist primarily of finalizing an Alternative Concentration Limit application (the "ACL application") submitted in 2020 to the WDOH to address groundwater issues, and also evaporating the remaining balance of process water at the site. In the fourth quarter of 2022, the WDOH provided comments on the ACL application, which Newmont is evaluating and conducting studies to better understand and respond to the
comments provided by the WDOH. These studies and the related comment process will extend beyond the current year and could result in future material increases to the remediation obligation.
The remediation liability for the Midnite mine site and Dawn mill site is approximately $192, assumed 100% by Newmont, at June 30, 2024.
Goldcorp Canada Ltd. - 100% Newmont Owned
Porcupine mine site. The Porcupine complex is comprised of active open pit and underground mining operations as well as inactive, legacy sites from its extensive history of mining gold in and around the city of Timmins, Ontario since the early 1900s. As a result of these primarily historic mining activities, there are mine hazards in the area that could require some form of reclamation. The Company is conducting studies to better catalog, prioritize, and update its existing information of these historical mine hazards, to inform its closure plans and estimated closure costs. Based on work performed during 2023, a $46 reclamation adjustment was recorded at December 31, 2023, however, on-going studies will extend beyond the current year and could result in future material increases to the reclamation obligation at Porcupine.
Cadia Holdings Pty Ltd. - 100% Newmont Owned
Cadia mine site. Cadia Holdings Pty Ltd. (“Cadia Holdings”) is a wholly owned subsidiary of Newcrest, which was acquired by Newmont in November 2023. The mine site is subject to regulations by the New South Wales Environment Protection Authority (the “NSW EPA”). During the quarter ended June 2023, the NSW EPA issued variations to its Environment Protection License (“EPL”), a Prevention Notice and Notices to Provide Information regarding the management of, and investigation into potential breaches relating to, dust emissions and other air pollutants from Cadia Holdings’ tailings storage facilities and ventilation rises. The license variations largely formalized the actions Cadia Holdings had developed in consultation with the NSW EPA and was already undertaking across a range of measures. Cadia Holdings received a letter from the NSW EPA in June 2023 requiring it to immediately comply with specific statutory requirements and EPL conditions. Adjustments were implemented underground, including a reduction in mining rates, modifications to the ventilation circuit and the installation of additional dust sprays and spray curtains. Additional dust collection units were subsequently installed enabling normal mining rates to be restored.
In August 2023, the NSW EPA commenced proceedings in the Land and Environment Court of NSW (the “NSW Land and Environment Court”) against Cadia Holdings, alleging that air emissions from Cadia on or about March 1, 2022 exceeded the standard of concentration for total solid particles permitted under applicable laws due to the use of surface exhaust fans at the mine. On September 29, 2023, Cadia Holdings entered a plea of guilty and the NSW Land and Environment Court listed the case for a sentencing hearing on June 21, 2024. On October 13, 2023, the NSW EPA commenced additional proceedings in the NSW Land and Environment Court against Cadia Holdings, alleging two additional contraventions of applicable air emissions requirements between November 3 and 5, 2021 and May 24 and 25, 2023 and two contraventions related to alleged air pollution from tailings storage facilities on October 13 and 31, 2022. On November 24, 2023, Cadia Holdings entered a plea of guilty to the two additional charges relating to applicable air emissions requirements and the sentencing hearing took place before the NSW Land and Environment Court on June 21, 2024. The matter has been adjourned pending the delivery of the judgment. The proceedings related to alleged air pollution from Cadia Holdings’ tailings storage facilities are adjourned for further directions on July 26, 2024. The NSW EPA’s investigation regarding the management of air emissions from the mine is ongoing.
While no specific relief has been sought by the NSW EPA in its proceeding against Cadia Holdings before the NSW Land and Environmental Court, the court can impose penalties.
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. Newmont intends to vigorously defend this matter but cannot reasonably predict the outcome.
NWG Investments Inc. v. Fronteer Gold Inc.
In April 2011, Newmont acquired Fronteer Gold Inc. (“Fronteer”).
Fronteer acquired NewWest Gold Corporation (“NewWest Gold”) in September 2007. At the time of that acquisition, NWG Investments Inc. (“NWG”) owned approximately 86% of NewWest Gold and an individual named Jacob Safra owned or controlled 100% of NWG. Prior to its acquisition of NewWest Gold, Fronteer entered into a June 2007 lock-up agreement with NWG providing that, among other things, NWG would support Fronteer’s acquisition of NewWest Gold. At that time, Fronteer owned approximately 47% of Aurora Energy Resources Inc. (“Aurora”), which, among other things, had a uranium exploration project in Labrador, Canada.
NWG contends that, during the negotiations leading up to the lock-up agreement, Fronteer represented to NWG, among other things, that Aurora would commence uranium mining in Labrador by 2013, that this was a firm date, that Aurora faced no current environmental issues in Labrador and that Aurora’s competitors faced delays in commencing uranium mining. NWG further contends that it entered into the lock-up agreement and agreed to support Fronteer’s acquisition of NewWest Gold in reliance upon these purported representations. On October 11, 2007, less than three weeks after the Fronteer-NewWest Gold transaction closed, a member of the Nunatsiavut Assembly introduced a motion calling for the adoption of a moratorium on uranium mining in Labrador. On April 8, 2008, the Nunatsiavut Assembly adopted a three-year moratorium on uranium mining in Labrador. NWG contends that Fronteer was aware during the negotiations of the NWG/Fronteer lock-up agreement that the Nunatsiavut Assembly planned on adopting this moratorium and that its adoption would preclude Aurora from commencing uranium mining by 2013, but Fronteer nonetheless fraudulently induced NWG to enter into the lock-up agreement.
On September 24, 2012, NWG served a summons and complaint on the Company, and then amended the complaint to add Newmont Canada Holdings ULC as a defendant. The complaint also named Fronteer Gold Inc. and Mark O’Dea as defendants. The complaint sought rescission of the merger between Fronteer and NewWest Gold and $750 in damages. In August 2013 the Supreme Court of New York, New York County issued an order granting the defendants’ motion to dismiss on forum non conveniens. Subsequently, NWG filed a notice of appeal of the decision and then a notice of dismissal of the appeal on March 24, 2014.
On February 26, 2014, NWG filed a lawsuit in Ontario Superior Court of Justice against Fronteer Gold Inc., Newmont Mining Corporation, Newmont Canada Holdings ULC, Newmont FH B.V. and Mark O’Dea. The Ontario complaint is based upon substantially the same allegations contained in the New York lawsuit with claims for fraudulent and negligent misrepresentation. NWG seeks disgorgement of profits since the close of the NWG deal on September 24, 2007 and damages in the amount of C$1,200. Newmont, along with other defendants, served the plaintiff with its statement of defense on October 17, 2014. Newmont, along with the other defendants, filed a motion to dismiss based on delay on November 29, 2022. On August 22, 2023, the Court granted the motion and dismissed the Ontario complaint for delay. NWG filed an appeal with the Court of Appeal for Ontario on September 21, 2023. On January 9, 2024, the Ontario Superior Court of Justice awarded Newmont C$0.5 in costs. The Court of Appeal for Ontario ruled in favor of Newmont and the other defendants and dismissed NWG's appeal on April 29, 2024, and awarded Newmont C$0.03 in costs.
Newmont Ghana Gold Limited and Newmont Golden Ridge Limited - 100% Newmont Owned
On December 24, 2018, two individual plaintiffs, who are members of the Ghana Parliament (“Plaintiffs”), filed a writ to invoke the original jurisdiction of the Supreme Court of Ghana. On January 16, 2019, Plaintiffs filed the Statement of Plaintiff’s Case outlining the details of the Plaintiff’s case and subsequently served Newmont Ghana Gold Limited (“NGGL”) and Newmont Golden Ridge Limited (“NGRL”) along with the other named defendants, the Attorney General of Ghana, the Minerals Commission of Ghana and 33 other mining companies with interests in Ghana. The Plaintiffs allege that under article 268 of the 1992 Constitution of Ghana, the mining company defendants are not entitled to carry out any exploitation of minerals or other natural resources in Ghana, unless their respective transactions, contracts or concessions are ratified or exempted from ratification by the Parliament of Ghana. Newmont’s current mining leases are both ratified by Parliament; NGGL June 13, 2001 mining lease, ratified by Parliament on October 21, 2008, and NGRL January 19, 2010 mining lease; ratified by Parliament on December 3, 2015. The writ alleges that any mineral exploitation prior to Parliamentary ratification is unconstitutional. The Plaintiffs seek several remedies including: (i) a declaration as to the meaning of constitutional language at issue; (ii) an injunction precluding exploitation of minerals for any mining company without prior Parliamentary ratification; (iii) a declaration that all revenue as a result of violation of the Constitution shall be accounted for and recovered via cash equivalent; and (iv) an order that the Attorney General and Minerals Commission submit all un-ratified mining leases, undertakings or contracts to Parliament for ratification. Newmont intends to vigorously defend this matter but cannot reasonably predict the outcome.
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 June 30, 2024 and December 31,
2023, there were $2,262 and $2,123, respectively, of outstanding letters of credit, surety bonds and bank guarantees. The obligations associated with these instruments are generally related to performance requirements that the Company addresses through its ongoing operations. As the specific requirements are met, the beneficiary of the associated instrument cancels and/or returns the instrument to the issuing entity. Certain of these instruments are associated with operating sites with long-lived assets and will remain outstanding until closure. Generally, bonding requirements associated with environmental regulation are becoming more restrictive. However, the Company believes it is in compliance with all applicable bonding obligations and will be able to satisfy future bonding requirements through existing or alternative means, as they arise.
Newmont is from time to time involved in various legal proceedings related to its business. Except in the above described proceedings, management does not believe that adverse decisions in any pending or threatened proceeding or that amounts that may be required to be paid by reason thereof will have a material adverse effect on the Company’s financial condition or results of operations.
Refer to Note 25 of the Consolidated Financial Statements included in Part II of the Company's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 29, 2024 for information on the Company's contingent payments.
v3.24.2
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Pay vs Performance Disclosure        
Net Income (Loss) Attributable to Parent $ 853 $ 155 $ 1,023 $ 506
v3.24.2
Insider Trading Arrangements
 3 Months Ended 6 Months Ended
Jun. 30, 2024
shares
Jun. 30, 2024
shares
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On June 3, 2024, Peter Toth, Executive Vice President and Chief Development Officer, adopted a Rule 10b5-1 Trading Plan. Mr. Palmer’s Rule 10b5-1 Trading Plan has a term of 14 months and provides for the sale of up to 36,000 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 and complied with the Company’s standards on insider trading.
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Peter Toth [Member]    
Trading Arrangements, by Individual    
Name Peter Toth  
Title Executive Vice President and Chief Development Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date June 3, 2024  
Arrangement Duration 14 months  
Aggregate Available 36,000 36,000
v3.24.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Risks and Uncertainties
Risks and Uncertainties
As a global mining company, the Company’s revenue, profitability and future rate of growth are substantially dependent on prevailing metal prices, primarily for gold, but also for copper, silver, lead, and zinc. Historically, the commodity markets have been very volatile, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or extended decline in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital and on the quantities of reserves that the Company can economically produce. The carrying value of the Company’s Property, plant and mine development, net; Inventories; Stockpiles and ore on leach pads; Investments; certain Derivative assets; Deferred income tax assets; and Goodwill are particularly sensitive to the outlook for commodity prices. A decline in the Company’s price outlook from current levels could result in material impairment charges related to these assets.
Our global operations expose us to risks associated with public health crises, including epidemics and pandemics such as COVID-19, and geopolitical and macroeconomic pressures such as the Russian invasion of Ukraine. The Company continues to experience the impacts from recent geopolitical and macroeconomic pressures. With the resulting volatile environment, the Company continues to monitor inflationary conditions, the effects of certain countermeasures taken by central banks, and the potential for further supply chain disruptions as well as an uncertain and evolving labor market.
The following factors could have further potential short- and, possibly, long-term material adverse impacts on the Company including, but not limited to, volatility in commodity prices and the prices for gold and other metals, changes in the equity and debt markets or country specific factors adversely impacting discount rates, significant cost inflation impacts on production, capital and asset retirement costs, logistical challenges, workforce interruptions and financial market disruptions, energy market disruptions, as well as potential impacts to estimated costs and timing of projects.
Refer to Note 20 below for further information on risks and uncertainties that could have a potential impact on the Company as well as Note 2 of the Consolidated Financial Statements included in Part II of the Company's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 29, 2024.
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.
Assets Held for Sale
Assets Held for Sale
We classify long-lived assets, or disposal groups comprising of assets and liabilities, as held for sale in the period in which the following six criteria are met, (i) management, having the authority to approve the action, commits to a plan to sell the property; (ii) the property is available for immediate sale in its present condition, subject only to terms that are usual and customary; (iii) an active program to locate a buyer and other actions required to complete the plan to sell have been initiated; (iv) the sale of the property is probable and is expected to be completed within one year; (v) the property is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (vi) actions necessary to complete the plan of sale indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.
The Company ceases depreciation and amortization on long-lived assets (or disposal groups) classified as held for sale, and measures them at the lower of carrying value or estimated fair value less cost to sell.
Reclassifications
Reclassifications
Certain amounts and disclosures in prior years have been reclassified to conform to the current year presentation.
Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules
Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules
Effects of Reference Rate Reform
In March 2020, ASU No. 2020-04 was issued which provides optional guidance for a limited period of time to ease the potential burden on accounting for contract modifications caused by reference rate reform. In January 2021, ASU No. 2021-01 was issued which broadened the scope of ASU No. 2020-04 to include certain derivative instruments. In December 2022, ASU No. 2022-06 was issued which deferred the sunset date of ASU No. 2020-04. The guidance is effective for all entities as of March 12, 2020 through December 31, 2024. The guidance may be adopted over time as reference rate reform activities occur and should be applied on a prospective basis. The Company has completed its review of key contracts and does not expect the guidance to have a material impact to the consolidated financial statements or disclosures. The Company will continue to review new contracts to identify references to the LIBOR and implement adequate fallback provisions if not already implemented to mitigate the risks or impacts from the transition.
Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules
SEC Final Climate Rule
In March 2024, the SEC issued a final rule that requires registrants to disclose climate-related information in their annual reports and in registration statements. In April 2024, the SEC chose to stay the newly adopted rulemaking pending judicial review of related consolidated Eighth Circuit petitions. If the stay is lifted, certain disclosures may be required in annual reports for the year ending December 31, 2025, filed in 2026. The Company is currently evaluating the impacts of the rules on its consolidated financial statements.
Improvement to Income Tax Disclosures
In December 2023, ASU 2023-09 was issued which requires disaggregated information about the effective tax rate reconciliation and additional information on taxes paid that meet a qualitative threshold. The new guidance is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impacts of the guidance on its consolidated financial statements.
Segments Reporting
In November 2023, ASU 2023-07 was issued which improves disclosures about a public entity’s reportable segments and addresses requests from investors and other allocators of capital for additional, more detailed information about a reportable segment’s expenses. The ASU applies to all public entities that are required to report segment information in accordance with ASC 280 and is effective starting in annual periods beginning after December 15, 2023. The adoption is not expected to have a material impact on the Company's consolidated financial statements or disclosures.
v3.24.2
BUSINESS ACQUISITION (Tables)
 6 Months Ended
Jun. 30, 2024
Business Combinations [Abstract]  
Schedule of acquisition date transaction components
The acquisition date fair value of the consideration transferred consisted of the following:
(in millions, except share and per share data)SharesPer Share
Purchase Consideration
Stock Consideration
Shares of Newmont exchanged for Newcrest outstanding ordinary shares
357,691,627 $37.88 $13,549 
Total Purchase Price
$13,549 
Summary of purchase price allocation
The following table summarizes the preliminary purchase price allocation for the Newcrest transaction as of June 30, 2024:
ASSETSJune 30, 2024
Cash and cash equivalents$668 
Trade receivables212 
Inventories722 
Stockpiles and ore on leach pads
137 
Derivative assets42 
Other current assets194 
Current assets1,975 
Property, plant and mine development, net (1)
13,509 
Investments
990 
Stockpiles and ore on leach pads
131 
Deferred income tax assets (2)
179 
Goodwill (3)
2,535 
Derivative assets362 
Other non-current assets93 
Total assets19,774 
LIABILITIES
Accounts payable344 
Employee-related benefits143 
Lease and other financing obligations16 
Debt1,923 
Other current liabilities336 
Current liabilities2,762 
Debt
1,373 
Lease and other financing obligations35 
Reclamation and remediation liabilities393 
Deferred income tax liabilities (2)
1,429 
Employee-related benefits222 
Other non-current liabilities11 
Total liabilities6,225 
Net assets acquired$13,549 
____________________________
(1)During the first quarter of 2024, measurement period adjustments of $326 increased Property, plant and mine development, net, from refinements to the preliminary valuation of the Canadian assets. No measurement period adjustments occurred in the second quarter of 2024.
(2)Deferred income tax assets and liabilities represent the future tax benefit or future tax expense associated with the differences between the preliminary fair value allocated to assets (excluding goodwill) and liabilities and a tax basis increase to the preliminary fair value of the assets acquired in Australia and the historical carryover tax basis of assets and liabilities in all other jurisdictions. No deferred tax liability is recognized for the basis difference inherent in the preliminary fair value allocated to goodwill. During the first quarter of 2024, adjustments resulted in deferred income tax assets decreasing by $10 and deferred income tax liabilities increasing by $98. No measurement period adjustments occurred in the second quarter of 2024.
(3)Preliminary goodwill is attributable to reportable segments as follows: $1,089 to Brucejack; $404 to Red Chris; $427 to Cadia; and $615 to Lihir. During the first quarter of 2024, the Company identified and recorded measurement period adjustments to the Company's preliminary purchase price allocation, as a result of additional analysis performed. These adjustments resulted in a reduction in Goodwill of $209. No measurement period adjustments occurred in the second quarter of 2024.
Schedule of pro-forma financial information
The following unaudited pro forma financial information presents consolidated results assuming the Newcrest transaction occurred on January 1, 2022.
Three Months Ended June 30, 2023Six Months Ended June 30, 2023
Sales$3,856 $7,718 
Net income (loss) attributable to Newmont stockholders
$394 $987 
v3.24.2
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Financial Information of Company's Segments
The financial information relating to the Company’s segments is as follows:
SalesCosts Applicable to SalesDepreciation and AmortizationAdvanced Projects, Research and Development and ExplorationIncome (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (1)
Three Months Ended June 30, 2024
Brucejack (2)
$106 $64 $36 $1 $4 $19 
Red Chris (2)
Gold19 7 2 
Copper63 33 11 
Total Red Chris82 40 13 2 26 49 
Peñasquito:
Gold149 53 22 
Silver209 96 41 
Lead44 26 12 
Zinc149 96 35 
Total Peñasquito551 271 110 3 163 26 
Merian142 96 20 5 21 32 
Cerro Negro
65 70 22 3 (36)31 
Yanacocha181 77 23 4 22 9 
Boddington:
Gold320 139 26 
Copper86 49 9 
Total Boddington406 188 35 1 175 29 
Tanami231 101 33 7 79 105 
Cadia: (2)
Gold297 77 33 
Copper221 67 33 
Total Cadia518 144 66 4 301 134 
Lihir (2)
345 162 43 4 126 40 
Ahafo422 176 55 12 185 81 
NGM590 307 103 7 164 126 
Corporate and Other— — 12 46 (185)4 
Held for sale (3)
CC&V78 45 4 2 24 8 
Musselwhite132 56 — 1 74 21 
Porcupine206 94 9 1 (149)55 
Éléonore147 89 2 1 54 29 
Telfer: (2)(4)
Gold82 83 4 
Copper7 12 1 
Total Telfer89 95 5 2 (30)14 
Akyem111 81 11 — 18 7 
Consolidated$4,402 $2,156 $602 $106 $1,036 $819 
____________________________
(1)Includes an increase in accrued capital expenditures of $19. Consolidated capital expenditures on a cash basis were $800.
(2)Sites acquired through the Newcrest transaction. Refer to Note 3 for further information.
(3)Refer to Note 5 for further information on held for sale. The Coffee development project disposal group is included in Corporate and Other.
(4)During the second quarter, seepage points were detected on the outer wall and around the tailings storage facility at Telfer and we have temporarily ceased placing new tailings on the facility. Remediation of the facility has commenced and we expect production to commence during the fourth quarter of 2024.
SalesCosts Applicable to SalesDepreciation and AmortizationAdvanced Projects, Research and Development and ExplorationIncome (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (1)
Three Months Ended June 30, 2023
CC&V$82 $49 $6 $3 $21 $13 
Musselwhite80 55 18 4 (2)31 
Porcupine125 77 27 6 12 36 
Éléonore (2)
100 74 24 2 (2)31 
Peñasquito: (3)
Gold95 40 15 
Silver124 95 34 
Lead32 33 12 
Zinc65 90 30 
Total Peñasquito316 258 91 3 (57)37 
Merian104 80 15 5 3 21 
Cerro Negro
100 83 34 1 (31)39 
Yanacocha132 79 22 6 (9)65 
Boddington:
Gold394 159 27 
Copper82 48 9 
Total Boddington476 207 36 1 226 37 
Tanami244 102 31 9 100 115 
Ahafo263 121 42 10 91 77 
Akyem98 54 26 5 12 12 
NGM563 304 105 10 140 123 
Corporate and Other— — 9 45 (204)21 
Consolidated$2,683 $1,543 $486 $110 $300 $658 
____________________________
(1)Includes an increase in prepaid capital expenditures and accrued capital expenditures of $42. Consolidated capital expenditures on a cash basis were $616.
(2)In June 2023, the Company evacuated Éléonore and temporarily shutdown the operation in response to the ongoing wildfires in Canada and continued to incur costs. The Company fully resumed operations during the third quarter of 2023.
(3)In June 2023, the National Union of Mine and Metal Workers of the Mexican Republic (the "Union") notified the Company of a strike action. In response to the strike notice, the Company suspended operations at Peñasquito. The Company reached an agreement with the Union and operations at Peñasquito resumed in the fourth quarter of 2023.
SalesCosts Applicable to SalesDepreciation and AmortizationAdvanced Projects, Research and Development and ExplorationIncome (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (1)
Six Months Ended June 30, 2024
Brucejack (2)
$178 $138 $71 $1 $(33)$35 
Red Chris (2)
Gold35 14 4 
Copper109 64 19 
Total Red Chris144 78 23 4 37 84 
Peñasquito:
Gold241 91 37 
Silver410 207 85 
Lead104 62 26 
Zinc273 204 71 
Total Peñasquito1,028 564 219 5 225 58 
Merian297 186 39 9 60 50 
Cerro Negro
218 133 52 8 15 77 
Yanacocha367 165 51 6 42 33 
Boddington:
Gold619 283 52 
Copper163 97 18 
Total Boddington782 380 70 2 332 57 
Tanami419 183 58 15 161 190 
Cadia: (2)
Gold545 151 61 
Copper388 134 60 
Total Cadia933 285 121 9 523 245 
Lihir (2)
722 333 78 10 289 95 
Ahafo803 335 106 17 363 171 
NGM1,149 621 210 12 292 244 
Corporate and Other— — 24 90 (747)8 
Held for sale (3)
CC&V137 85 7 3 (68)13 
Musselwhite233 113 18 3 15 47 
Porcupine331 157 32 3 (115)95 
Éléonore263 169 21 5 66 50 
Telfer: (2)(4)
Gold141 153 12 
Copper14 27 3 
Total Telfer155 180 15 6 (54)24 
Akyem266 157 41 4 61 16 
Consolidated$8,425 $4,262 $1,256 $212 $1,464 $1,592 
____________________________
(1)Includes a decrease in accrued capital expenditures of $58. Consolidated capital expenditures on a cash basis were $1,650.
(2)Sites acquired through the Newcrest transaction. Refer to Note 3 for further information.
(3)Refer to Note 5 for further information on held for sale. The Coffee development project disposal group is included in Corporate and Other.
(4)During the second quarter, seepage points were detected on the outer wall and around the tailings storage facility at Telfer and we have temporarily ceased placing new tailings on the facility. Remediation of the facility has commenced and we expect production to commence during the fourth quarter of 2024.
SalesCosts Applicable to SalesDepreciation and AmortizationAdvanced Projects, Research and Development and ExplorationIncome (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (1)
Six Months Ended June 30, 2023
CC&V$173 $100 $13 $6 $48 $23 
Musselwhite163 113 37 5 4 45 
Porcupine248 147 56 10 27 58 
Éléonore (2)
229 149 51 3 24 45 
Peñasquito: (3)
Gold205 107 35 
Silver241 177 59 
Lead64 55 19 
Zinc182 176 54 
Total Peñasquito692 515 167 6 (35)72 
Merian263 165 33 8 56 35 
Cerro Negro
216 153 65 3 (24)74 
Yanacocha232 135 38 9 (9)128 
Boddington:
Gold775 326 55 
Copper192 101 18 
Total Boddington967 427 73 3 459 74 
Tanami367 163 50 13 140 189 
Ahafo512 251 81 16 162 167 
Akyem246 117 55 8 61 22 
NGM1,054 590 211 17 225 207 
Corporate and Other— — 17 86 (299)27 
Consolidated$5,362 $3,025 $947 $193 $839 $1,166 
____________________________
(1)Includes an increase in prepaid capital expenditures and accrued capital expenditures of $24. Consolidated capital expenditures on a cash basis were $1,142.
(2)In June 2023, the Company evacuated Éléonore and temporarily shutdown the operation in response to the ongoing wildfires in Canada and continued to incur costs. The Company fully resumed operations during the third quarter of 2023.
(3)In June 2023, the Union notified the Company of a strike action. In response to the strike notice, the Company suspended operations at Peñasquito. The Company reached an agreement with the Union and operations at Peñasquito resumed in the fourth quarter of 2023.
v3.24.2
ASSETS AND LIABILITIES HELD FOR SALE (Tables)
 6 Months Ended
Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table presents the carrying value of the major classes of assets and liabilities held for sale by disposal group as of June 30, 2024, prior to recognition of the write-down of $509 for the six months ended June 30, 2024:
CC&V
Musselwhite
Porcupine
Éléonore
Telfer
Akyem
Coffee Project (1)
Total
Assets held for sale:
Property, plant and mine development, net
$90 $1,012 $1,421 $734 $387 $530 $321 $4,495 
Other assets
466 35 108 140 260 373 2 1,384 
Carrying value of assets held for sale
$556 $1,047 $1,529 $874 $647 $903 $323 $5,879 
Liabilities held for sale:
Reclamation and remediation liabilities
$282 $78 $546 $84 $208 $401 $3 $1,602 
Other liabilities
33 261 237 64 129 76 3 803 
Carrying value of liabilities held for sale
$315 $339 $783 $148 $337 $477 $6 $2,405 
____________________________
(1)The Coffee Project is included in Corporate and Other in Note 4.
v3.24.2
SALES (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of sales by mining operation, product and by inventory type, and provisional sales
The following tables present the Company’s Sales by mining operation, product and inventory type:
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Three Months Ended June 30, 2024
Brucejack (1)
$81 $25 $106 
Red Chris: (1)
Gold— 19 19 
Copper— 63 63 
Total Red Chris— 82 82 
Peñasquito:
Gold— 149 149 
Silver (2)
— 209 209 
Lead— 44 44 
Zinc— 149 149 
Total Peñasquito— 551 551 
Merian136 6 142 
Cerro Negro 65 — 65 
Yanacocha178 3 181 
Boddington:
Gold91 229 320 
Copper— 86 86 
Total Boddington91 315 406 
Tanami231 — 231 
Cadia: (1)
Gold32 265 297 
Copper— 221 221 
Total Cadia32 486 518 
Lihir (1)
345 — 345 
Ahafo422 — 422 
NGM (3)
561 29 590 
Held for sale (4)
CC&V78 — 78 
Musselwhite 132 — 132 
Porcupine 206 — 206 
Éléonore 147 — 147 
Telfer: (1)
Gold17 65 82 
Copper— 7 7 
Total Telfer17 72 89 
Akyem111 — 111 
Consolidated$2,833 $1,569 $4,402 
____________________________
(1)Sites acquired through the Newcrest transaction. Refer to Note 3 for further information.
(2)Silver sales from concentrate includes $23 related to non-cash amortization of the silver streaming agreement liability.
(3)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $559 for the three months ended June 30, 2024.
(4)Refer to Note 5 for further information on held for sale.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Three Months Ended June 30, 2023
CC&V$82 $— $82 
Musselwhite 80 — 80 
Porcupine 125 — 125 
Éléonore 100 — 100 
Peñasquito:
Gold19 76 95 
Silver (1)
— 124 124 
Lead— 32 32 
Zinc— 65 65 
Total Peñasquito19 297 316 
Merian104 — 104 
Cerro Negro 100 — 100 
Yanacocha130 2 132 
Boddington:
Gold100 294 394 
Copper— 82 82 
Total Boddington100 376 476 
Tanami244 — 244 
Ahafo263 — 263 
Akyem98 — 98 
NGM (2)
539 24 563 
Consolidated$1,984 $699 $2,683 
____________________________
(1)Silver sales from concentrate includes $15 related to non-cash amortization of the silver streaming agreement liability.
(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $531 for the three months ended June 30, 2023.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Six Months Ended June 30, 2024
Brucejack (1)
$130 $48 $178 
Red Chris: (1)
Gold— 35 35 
Copper— 109 109 
Total Red Chris— 144 144 
Peñasquito:
Gold— 241 241 
Silver (2)
— 410 410 
Lead— 104 104 
Zinc— 273 273 
Total Peñasquito— 1,028 1,028 
Merian284 13 297 
Cerro Negro 218 — 218 
Yanacocha364 3 367 
Boddington:
Gold165 454 619 
Copper— 163 163 
Total Boddington165 617 782 
Tanami419 — 419 
Cadia: (1)
Gold65 480 545 
Copper— 388 388 
Total Cadia65 868 933 
Lihir (1)
722 — 722 
Ahafo803 — 803 
NGM (3)
1,090 59 1,149 
Held for sale (4)
CC&V137 — 137 
Musselwhite 233 — 233 
Porcupine 331 — 331 
Éléonore 263 — 263 
Telfer: (1)
Gold24 117 141 
Copper— 14 14 
Total Telfer24 131 155 
Akyem266 — 266 
Consolidated$5,514 $2,911 $8,425 
____________________________
(1)Sites acquired through the Newcrest transaction. Refer to Note 3 for further information.
(2)Silver sales from concentrate includes $50 related to non-cash amortization of the silver streaming agreement liability.
(3)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $1,088 for the six months ended June 30, 2024.
(4)Refer to Note 5 for further information on held for sale.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Six Months Ended June 30, 2023
CC&V$173 $— $173 
Musselwhite 163 — 163 
Porcupine 248 — 248 
Éléonore 229 — 229 
Peñasquito:
Gold34 171 205 
Silver (1)
— 241 241 
Lead— 64 64 
Zinc— 182 182 
Total Peñasquito34 658 692 
Merian263 — 263 
Cerro Negro 216 — 216 
Yanacocha224 8 232 
Boddington:
Gold193 582 775 
Copper— 192 192 
Total Boddington193 774 967 
Tanami367 — 367 
Ahafo512 — 512 
Akyem246 — 246 
NGM (2)
1,012 42 1,054 
Consolidated$3,880 $1,482 $5,362 
____________________________
(1)Silver sales from concentrate includes $31 related to non-cash amortization of the silver streaming agreement liability.
(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $1,012 for the six months ended June 30, 2023.
At June 30, 2024, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months:
Provisionally Priced Sales
Subject to Final Pricing (1)
Average Provisional
Price (per ounce/pound)
Gold (ounces, in thousands)204 $2,332 
Copper (pounds, in millions)75 $4.35 
Silver (ounces, in millions)5 $29.25 
Lead (pounds, in millions)28 $0.99 
Zinc (pounds, in millions)80 $1.32 
Molybdenum (pounds, in millions) (2)
1 $22.74 
____________________________
(1)Includes provisionally priced by-product sales subject to final pricing, which are recognized as a reduction to Costs applicable to sales.
(2)Molybdenum is a by-product at the Cadia site and is recognized as a reduction to Costs applicable to sales.
v3.24.2
RECLAMATION AND REMEDIATION (Tables)
 6 Months Ended
Jun. 30, 2024
Environmental Remediation Obligations [Abstract]  
Reclamation and Remediation Expense
The Company’s Reclamation and remediation expense consisted of:
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Reclamation adjustments and other$1 $6 $4 $8 
Reclamation accretion87 59 172 119 
Reclamation expense88 65 176 127 
Remediation adjustments and other5 (1)13 1 
Remediation accretion1 2 3 4 
Remediation expense6 1 16 5 
Reclamation and remediation$94 $66 $192 $132 
Reconciliation of Reclamation Liabilities
The following are reconciliations of Reclamation and remediation liabilities:
Reclamation
Remediation
2024202320242023
Balance at January 1, (1)
$8,385 $6,731 $401 $373 
Additions, changes in estimates, and other— 1 5 (2)
Payments, net(136)(99)(30)(12)
Accretion expense 172 119 3 4 
Reclassification to Liabilities held for sale (2)
(1,582)— (20)— 
Balance at June 30,
$6,839 $6,752 $359 $363 
____________________________
(1)The Newcrest transaction occurred on November 6, 2023, resulting in an increase in the beginning balance at January 1, 2024, as compared to the beginning balance at January 1, 2023. Refer to Note 3 for further information.
(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, the related assets and liabilities, including Reclamation and remediation liabilities, were reclassified to Assets held for sale and Liabilities held for sale, respectively. Refer to Note 5 for additional information.

At June 30, 2024At December 31, 2023
ReclamationRemediationTotalReclamationRemediationTotal
Current (1)
$512 $66 $578 $558 $61 $619 
Non-current (2)
6,327 293 6,620 7,827 340 8,167 
Total (3)
$6,839 $359 $7,198 $8,385 $401 $8,786 
____________________________
(1)The current portion of reclamation and remediation liabilities are included in Other current liabilities.
(2)The non-current portion of reclamation and remediation liabilities are included in Reclamation and remediation liabilities.
(3)Total reclamation liabilities include $4,787 and $4,804 related to Yanacocha at June 30, 2024 and December 31, 2023, respectively.
Reconciliation of Remediation Liabilities
At June 30, 2024At December 31, 2023
ReclamationRemediationTotalReclamationRemediationTotal
Current (1)
$512 $66 $578 $558 $61 $619 
Non-current (2)
6,327 293 6,620 7,827 340 8,167 
Total (3)
$6,839 $359 $7,198 $8,385 $401 $8,786 
____________________________
(1)The current portion of reclamation and remediation liabilities are included in Other current liabilities.
(2)The non-current portion of reclamation and remediation liabilities are included in Reclamation and remediation liabilities.
(3)Total reclamation liabilities include $4,787 and $4,804 related to Yanacocha at June 30, 2024 and December 31, 2023, respectively.
v3.24.2
OTHER EXPENSE, NET (Tables)
 6 Months Ended
Jun. 30, 2024
Operating Costs and Expenses [Abstract]  
Schedule of other expense, net
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Newcrest transaction and integration costs (1)
$16 $21 $45 $21 
Settlement costs5 — 26 — 
Impairment charges9 4 21 8 
Restructuring and severance9 10 15 12 
Other20 6 25 8 
Other expense, net$59 $41 $132 $49 
____________________________
(1)Represents costs incurred related to the Newcrest transaction. Refer to Note 3 for further information.
v3.24.2
OTHER INCOME (LOSS), NET (Tables)
 6 Months Ended
Jun. 30, 2024
Other Income, Nonoperating [Abstract]  
Other Income, Net
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Interest income$38 $37 $77 $73 
Gain on asset and investment sales, net
55 — 64 36 
Change in fair value of investments(9)(42)22 (1)
Gain on debt extinguishment, net (1)
14 — 14 — 
Insurance proceeds (2)
2 — 12 — 
Foreign currency exchange, net(25)(11)3 (22)
Other, net
25 (1)29 (4)
Other income (loss), net$100 $(17)$221 $82 
____________________________
(1)In June 2024, the Company partially redeemed certain Senior Notes, resulting in a gain on extinguishment of $20, partially offset by the acceleration of $6 loss from Accumulated Other Comprehensive Income related to the previously terminated interest rate cash flow hedges for the three and six months ended June 30, 2024. Refer to Note 16 for additional information.
(2)For the six months ended June 30, 2024, primarily consists of insurance proceeds received of $12 related to a conveyor failure at Ahafo.
v3.24.2
INCOME AND MINING TAXES (Tables)
 6 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
Income and Mining Tax Expense Reconciliation
A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate follows:
Three Months Ended June 30, (1)
Six Months Ended June 30, (1)
2024202320242023
Income (loss) before income and mining tax and other items$1,036 $300 $1,464 $839 
U.S. Federal statutory tax rate
21 %218 21 %63 21 %307 21 %176 
Reconciling items:
Change in valuation allowance on deferred tax assets2 20 16 48 (3)(45)

7 57 
Foreign rate differential8 84 10 32 10 147 9 75 
Mining and other taxes (net of associated federal benefit)5 52 7 20 6 95 6 49 
Uncertain tax position reserve adjustment(5)(50)1 3 (4)(52)2 14 
Tax impact of foreign exchange (9)(88)1 3 (4)(58)2 21 
Akyem recognition of DTL for assets held for sale
(3)(36)— — 6 81 — — 
Other(1)(9)(2)(6)(1)(24)(2)(16)
Income and mining tax expense (benefit)18 %$191 54 %$163 31 %$451 45 %$376 
____________________________
(1)Tax rates may not recalculate due to rounding.
v3.24.2
FAIR VALUE ACCOUNTING (Tables)
 6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables set forth the Company’s assets and liabilities measured at fair value on a recurring (at least annually) or nonrecurring basis by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Refer to Note 13 of the Consolidated Financial Statements included in Part II of the Company's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 29, 2024 for further information on the Company's assets and liabilities included in the fair value hierarchy presented below.
Fair Value at June 30, 2024
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$2,602 $2,602 $— $— 
Restricted cash34 34 — — 
Time deposits (Note 13)
28 — 28 — 
Trade receivables from provisional concentrate sales, net 
943 — 943 — 
Assets held for sale (Note 5) (2)
2,947 — — 2,947 
Marketable and other equity securities (Note 13) (3)
268 259 9 — 
Restricted marketable debt securities (Note 13)
17 17 — — 
Derivative assets (Note 12)
252 — 2 250 
$7,091 $2,912 $982 $3,197 
Liabilities:
Debt (4)
$8,582 $— $8,582 $— 
Derivative liabilities (Note 12)
10 — 3 7 
$8,592 $— $8,585 $7 
Fair Value at December 31, 2023
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$3,002 $3,002 $— $— 
Restricted cash98 98 — — 
Trade receivables from provisional concentrate sales, net 
734 — 734 — 
Long-lived assets22 — — 22 
Marketable and other equity securities (Note 13)
252 243 9 — 
Restricted marketable debt securities (Note 13)
21 21 — — 
Derivative assets (Note 12)
642 — 7 635 
$4,771 $3,364 $750 $657 
Liabilities:
Debt (4)
$8,975 $— $8,975 $— 
Derivative liabilities (Note 12)
8 — 3 5 
$8,983 $— $8,978 $5 
____________________________
(1)Cash and cash equivalents includes short-term deposits that have an original maturity of three months or less.
(2)Assets held for sale at June 30, 2024 includes assets held for sale that were written down to their fair value, excluding costs to sell, of $1,564 and $1,383 at March 31, 2024 and June 30, 2024, respectively. The aggregate fair value, excluding costs to sell, of net assets held for sale subject to fair value remeasurement was $916 and $600 at March 31, 2024 and June 30, 2024, respectively.
(3)Excludes certain investments accounted for under the measurement alternative at June 30, 2024.
(4)Debt is carried at amortized cost. The outstanding carrying value was $8,692 and $8,874 at June 30, 2024 and December 31, 2023, respectively. Refer to Note 16 for further information. The fair value measurement of debt was based on an independent third party pricing source.
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 June 30, 2024 and December 31, 2023:
DescriptionAt June 30, 2024Valuation TechniqueSignificant InputRange, Point Estimate or Average
Weighted Average Discount Rate
Assets held for sale
$2,947 Income-based approach
Various (1)
Various (1)
Various (1)
Derivative assets:
Hedging instruments (2)(3)
$102 Discounted cash flow
Forward power prices
A$43 - A$321
6.92 %
Contingent consideration assets$146 
Monte Carlo (4)
Discount rate
8.04% - 26.43%
11.50 %
Derivative liabilities (3)
$5 Discounted cash flowDiscount rate
4.82% - 6.15%
5.62 %
DescriptionAt December 31, 2023Valuation TechniqueSignificant InputRange, Point Estimate or Average
Weighted Average Discount Rate
Long-lived assets$22 
Market-multiple
Various (5)
Various (5)
Various (5)
Derivative assets:
Derivative assets, not designated for hedging (2)
$424 Discounted cash flowDiscount rate
6.28% - 10.50%
9.03 %
Contingent consideration assets$211 
Monte Carlo (4)
Discount rate
8.04% - 26.43%
11.18 %
Derivative liabilities
$5 Discounted cash flow
Discount rate
4.91% - 6.15%
5.65 %
____________________________
(1)Refer to Note 5 for information on the assumptions and inputs specific to the non-recurring fair value measurements performed in connection with assets held for sale.
(2)The SCFA and the Cadia Power Purchase Agreement ("Cadia PPA"), acquired as part of the Newcrest transaction, were not designated in a hedging relationship at December 31, 2023. At January 1, 2024, the Company designated the Cadia PPA for hedge accounting, and as a result is included within Hedging instruments at June 30, 2024. Additionally, in the second quarter of 2024, the Company sold the SCFA. Refer to Note 12 for further information.
(3)At June 30, 2024, the current portion of the Cadia PPA of $2 is in a liability position and the non-current portion of $104 is in an asset position. The current portion is included in Derivative liabilities within the fair value hierarchy table.
(4)A Monte Carlo valuation model is used for the fair value measurement of the Batu Hijau contingent consideration asset. All other contingent consideration assets are valued using a probability-weighted discounted cash flow model.
(5)At December 31, 2023, the Company recognized its proportionate share of the non-cash impairment charge on long-lived assets at NGM, which resulted in a remaining long-lived asset balance of $22. The estimated fair value was based on observable market values for comparable assets expressed as dollar per ounce of mineral resources and was considered a non-recurring Level 3 fair value measurement.
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 (1)
Total Assets
Derivative
Liabilities (2)
Total Liabilities
Fair value at December 31, 2023$635 $635 $5 $5 
Settlements/Reclassifications (3)
(76)(76)— — 
Revaluation
(28)(28)2 2 
Sales (4)
(281)(281)— 
Fair value at June 30, 2024$250 $250 $7 $7 
Derivative
Assets (1)
Total Assets
Derivative
Liabilities (2)
Total Liabilities
Fair value at December 31, 2022$188 $188 $3 $3 
Revaluation
(1)(1)2 2 
Fair value at June 30, 2023$187 $187 $5 $5 
____________________________
(1)In 2024, the gain (loss) recognized on revaluation of derivative assets of $5, $(44) and $11 is included in Other income (loss), net, Other comprehensive income (loss), and Net income (loss) from discontinued operations, respectively. In 2023, the (loss) gain recognized on revaluation derivative assets of $(7) and $6 is included in Other income (loss), net and Net income (loss) from discontinued operations, respectively.
(2)In 2024, the loss recognized on revaluation of derivative liabilities of $2 is included in Other comprehensive income (loss). In 2023, the loss recognized on revaluation of derivative liabilities of $2 is included in Other income (loss), net.
(3)In the first quarter of 2024, certain amounts relating to the Batu Hijau contingent consideration asset were reclassified from current Derivative assets to Other current assets as a result of achieving certain contractual milestones.
(4)In the second quarter of 2024, the Company sold the SCFA. Refer to Note 12 for further information.
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 (1)
Total Assets
Derivative
Liabilities (2)
Total Liabilities
Fair value at December 31, 2023$635 $635 $5 $5 
Settlements/Reclassifications (3)
(76)(76)— — 
Revaluation
(28)(28)2 2 
Sales (4)
(281)(281)— 
Fair value at June 30, 2024$250 $250 $7 $7 
Derivative
Assets (1)
Total Assets
Derivative
Liabilities (2)
Total Liabilities
Fair value at December 31, 2022$188 $188 $3 $3 
Revaluation
(1)(1)2 2 
Fair value at June 30, 2023$187 $187 $5 $5 
____________________________
(1)In 2024, the gain (loss) recognized on revaluation of derivative assets of $5, $(44) and $11 is included in Other income (loss), net, Other comprehensive income (loss), and Net income (loss) from discontinued operations, respectively. In 2023, the (loss) gain recognized on revaluation derivative assets of $(7) and $6 is included in Other income (loss), net and Net income (loss) from discontinued operations, respectively.
(2)In 2024, the loss recognized on revaluation of derivative liabilities of $2 is included in Other comprehensive income (loss). In 2023, the loss recognized on revaluation of derivative liabilities of $2 is included in Other income (loss), net.
(3)In the first quarter of 2024, certain amounts relating to the Batu Hijau contingent consideration asset were reclassified from current Derivative assets to Other current assets as a result of achieving certain contractual milestones.
(4)In the second quarter of 2024, the Company sold the SCFA. Refer to Note 12 for further information.
v3.24.2
DERIVATIVE INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
At June 30,
2024		At December 31,
2023
Current derivative assets:
Derivative assets, not designated for hedging (1)
$— $115 
Contingent consideration assets
69 76 
Hedging instruments
2 7 
$71 $198 
Non-current derivative assets:
Derivative assets, not designated for hedging (1)
$— $309 
Contingent consideration assets77 135 
Hedging instruments (1)
104 — 
$181 $444 
Current derivative liabilities: (2)
Contingent consideration liabilities$3 $3 
Hedging instruments (1)
2 — 
$5 $3 
Non-current derivative liabilities: (3)
Contingent consideration liabilities$5 $5 
$5 $5 
____________________________
(1)The SCFA and the Cadia PPA, acquired as part of the Newcrest transaction, were not designated in a hedging relationship at December 31, 2023. At January 1, 2024, the Company designated the Cadia PPA for hedge accounting, and as a result is included within Hedging instruments at June 30, 2024. Additionally, in the second quarter of 2024, the Company sold the SCFA. See below for further information.
(2)Included in Other current liabilities.
(3)Included in Other non-current liabilities.
Schedule of Derivative Assets at Fair Value
The following table provides the fair value of the Company’s derivative instruments designated as cash flow hedges:
At June 30,
2024		At December 31,
2023
Hedging instrument assets:
Foreign currency cash flow hedges, current (1)
$2 $7 
Cadia PPA cash flow hedge, non-current (2)(3)
104 — 
$106 $7 
Hedging instrument liabilities:
Cadia PPA cash flow hedge, current (3)(4)
$2 $— 
$2 $— 
____________________________
(1)Included in current Derivative assets.
(2)Included in non-current Derivative assets.
(3)At January 1, 2024, the Company designated the Cadia PPA for hedge accounting. As a result, the Cadia PPA is captured in Derivative instruments, not designated for hedging at December 31, 2023. See above for further information.
(4)Included in Other current liabilities.
Derivative Instruments, Gain (Loss)
The following table provides the losses (gains) recognized in earnings related to the Company's derivative instruments:
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Loss (gain) on cash flow hedges:
Interest rate contracts (1)
$7 $1 $8 $2 
Foreign currency cash flow hedges (2)
— 2 — 2 
$7 $3 $8 $4 
____________________________
(1)Interest rate contracts relate to swaps entered into, and subsequently settled, associated with the issuance of the 2022 Senior Notes, 2035 Senior Notes, 2039 Senior Notes, and 2042 Senior Notes. The related gains and losses are reclassified from Accumulated Other Comprehensive Income (Loss) and amortized to Interest expense, net over the term of the respective hedged notes. During the three and six months ended June 30, 2024, $6 was reclassified to Other income, net as a result of partial redemptions on the 2042 Senior Notes. See Note 16 for additional information.
(2)Foreign currency cash flow hedges related to contracts entered into, and subsequently settled, in 2023 to mitigate the variability of CAD and AUD denominated operating expenditures. The amounts are reclassified out of Accumulated other comprehensive income (loss) into earnings in the month that the operating expenditures are incurred. The losses (gains) recognized in earnings are included in Costs applicable to sales.
Derivatives Not Designated as Hedging Instruments
The Company had the following contingent consideration assets and liabilities:
At June 30,
2024		At December 31,
2023
Contingent consideration assets:
Batu Hijau and Elang (1)
$96 $161 
Red Lake (2)
39 39 
Cerro Blanco (2)
6 6 
Triple Flag (2)
4 4 
Other (2)
1 1 
$146 $211 
Contingent consideration liabilities:
Norte Abierto (3)
$3 $3 
Red Chris (4)
3 3 
Galore Creek (3)
2 2 
$8 $8 
____________________________
(1)At June 30, 2024, $69 is included in current Derivative assets and $27 is included in non-current Derivative assets. At December 31, 2023, $76 is included in current Derivative assets and $85 is included in non-current Derivative assets.
(2)Included in non-current Derivative assets.
(3)Included in Other non-current liabilities.
(4)Acquired through the Newcrest transaction and is included in Other current liabilities.
v3.24.2
INVESTMENTS (Tables)
 6 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments
At June 30,
2024		At December 31,
2023
Current investments:
Time deposits (1)
$28 $— 
Marketable equity securities22 23 
50 23 
Non-current investments:
Marketable and other equity securities (2)
$271 $229 
Equity method investments: 
Pueblo Viejo Mine (40.0%)
$1,461 $1,489 
NuevaUnión Project (50.0%)
959 959 
Lundin Gold Inc. (32.0% and 32.0%, respectively)
921 938 
Norte Abierto Project (50.0%)
529 528 
3,870 3,914 
$4,141 $4,143 
Non-current restricted investments: (3)
Marketable debt securities$17 $21 
____________________________
(1)At June 30, 2024, Time deposits primarily includes deposits with an original maturity of more than three months but less than one year.
(2)At June 30, 2024, includes $25 accounted for under the measurement alternative.
(3)Non-current restricted investments are legally pledged for purposes of settling reclamation and remediation obligations and are included in Other non-current assets. Refer to Note 7 for further information regarding these amounts.
v3.24.2
INVENTORIES (Tables)
 6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
Summary of Inventories
At June 30,
2024		At December 31,
2023
Materials and supplies$1,111 $1,247 
In-process109 160 
Concentrate155 134 
Precious metals92 122 
Inventories (1)
$1,467 $1,663 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Inventories of $253, and liabilities were reclassified to Assets held for sale and Liabilities held for sale, respectively. Refer to Note 5 for additional information.
v3.24.2
STOCKPILES AND ORE ON LEACH PADS (Tables)
 6 Months Ended
Jun. 30, 2024
STOCKPILES AND ORE ON LEACH PADS  
Stockpiles and Ore on Leach Pads
At June 30, 2024 (1)
At December 31, 2023
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$516 $165 $681 $746 $233 $979 
Non-current1,844 158 2,002 1,532 403 1,935 
Total$2,360 $323 $2,683 $2,278 $636 $2,914 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Stockpiles and ore on leach pads of $586, and liabilities were reclassified to Assets held for sale and Liabilities held for sale, respectively. Refer to Note 5 for additional information.
v3.24.2
DEBT (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Minimum Debt Repayments
Scheduled minimum debt repayments are as follows:
At June 30,
2024
Year Ending December 31,
2024 (for the remainder of 2024)
$— 
2025— 
2026928 
2027— 
2028— 
Thereafter8,096 
Total face value of debt9,024 
Unamortized premiums, discounts, and issuance costs(332)
Debt$8,692 
Schedule of Debt Instrument Redemption The following table summarizes the partial redemptions:
Settled Notional Amount
Total Repurchase Amount (1)
$1,000 5.30% Senior Notes due March 2026
$72 $74 
$700 2.80% Senior Notes due October 2029
3 3 
$650 3.25% Senior Notes due May 2030
1 1 
$1,000 2.25% Senior Notes due October 2030
36 31 
$1,000 2.60% Senior Notes due July 2032
100 85 
$1,000 4.875% Senior Notes due March 2042 (2)
38 36 
$250 $230 
____________________________
(1)Includes $3 of accrued interest.
(2)As a result of the partial redemption, the Company accelerated a loss of $6 from Accumulated other comprehensive income (loss) to Other income (loss), net for the three and six months ended June 30, 2024 related to previously terminated interest rate swaps.
v3.24.2
OTHER LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2024
Other Liabilities Disclosure [Abstract]  
Other Liabilities
At June 30,
2024		At December 31,
2023
Other current liabilities:
Reclamation and remediation liabilities$578 $619 
Accrued operating costs (1)
439 473 
Accrued capital expenditures222 320 
Payables to NGM (2)
73 91 
Stamp duty on Newcrest transaction (3)
29 316 
Other (4)
478 543 
$1,819 $2,362 
Other non-current liabilities:
Income and mining taxes (5)
$123 $177 
Other (6)
124 139 
$247 $316 
____________________________
(1)Includes an estimated compensation payment to the Worsley JV related to the waiver of certain rights within the cross-operation agreement that confers priority to the bauxite operations at the Boddington mine.
(2)Primarily consists of amounts due to NGM representing Barrick's 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.
(3)Incurred as a result of the Newcrest transaction; refer to Note 3 for further information on the Newcrest transaction. Payment of $291 occurred in the first quarter of 2024.
(4)Primarily consists of accrued interest on debt, accrued royalties and the current portion of the silver streaming agreement liability.
(5)Primarily consists of unrecognized tax benefits, including penalties and interest.
(6)Primarily consists of operating lease liabilities.
v3.24.2
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​​ (Tables)
 6 Months Ended
Jun. 30, 2024
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Change in Accumulated Other Comprehensive Income (Loss)
Unrealized Gain (Loss) on Marketable Debt Securities
Ownership Interest in Equity Method Investment
Foreign Currency Translation AdjustmentsPension and Other Post-retirement Benefit AdjustmentsUnrealized Gain (Loss) on Hedge InstrumentsTotal
Balance at December 31, 2023$(1)$— $121 $(36)$(70)$14 
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications— (2)8 — (34)(28)
(Gain) loss reclassified from accumulated other comprehensive income (loss)
— — — — 7 7 
Other comprehensive income (loss)— (2)8 — (27)(21)
Balance at June 30, 2024$(1)$(2)$129 $(36)$(97)$(7)
v3.24.2
NET CHANGE IN OPERATING ASSETS AND LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2024
Increase (Decrease) in Operating Capital [Abstract]  
Net Change in Operating Assets and Liabilities
Net cash provided by (used in) operating activities of continuing operations attributable to the net change in operating assets and liabilities is composed of the following:
Six Months Ended
June 30,
2024 (1)
2023
Decrease (increase) in operating assets:
Trade and other receivables $(224)$175 
Inventories, stockpiles and ore on leach pads (378)(261)
Other assets 56 15 
Increase (decrease) in operating liabilities:
Accounts payable(123)(84)
Reclamation and remediation liabilities (166)(111)
Accrued tax liabilities142 (91)
Other accrued liabilities (2)
(236)(112)
Net change in operating assets and liabilities$(929)$(469)
____________________________
(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 were reclassified to Assets held for sale and Liabilities held for sale, respectively. Amounts herein reflect the net change in the related operating assets and liabilities prior to being reclassified as held for sale. Refer to Note 5 for additional information.
(2)For the six months ended June 30, 2024, primarily consists of payment of $291 made in the first quarter for stamp duty tax largely accrued in the fourth quarter of 2023 in connection with the Newcrest transaction.
v3.24.2
BASIS OF PRESENTATION (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Nov. 06, 2023
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Business Acquisition [Line Items]          
Net income (loss) attributable to noncontrolling interest   $ 4 $ 0 $ 13 $ 12
Primary Beneficiary | Merian          
Business Acquisition [Line Items]          
Net income (loss) attributable to noncontrolling interest   $ 4 $ 0 $ 13 $ 12
Newcrest Mining Limited          
Business Acquisition [Line Items]          
Total transaction value $ 13,549        
v3.24.2
BUSINESS ACQUISITION - Fair Value of Consideration Transferred (Details) - Newcrest Mining Limited
$ / shares in Units, $ in Millions
Nov. 06, 2023
USD ($)
$ / shares
shares
Business Combination, Consideration Transferred [Abstract]  
Shares issued for Newcrest acquisition (in shares) | shares 357,691,627
Stock issued, price per share (in dollars per share) | $ / shares $ 37.88
Total transaction value | $ $ 13,549
v3.24.2
BUSINESS ACQUISITION - Additional Information (Details) - Newcrest Mining Limited - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Nov. 06, 2023
Business Acquisition [Line Items]      
Purchase price allocation, measurement period (in years)     1 year
Revenue since acquisition $ 1,140 $ 2,132  
Earnings (loss) since acquisition $ 252 $ 476  
v3.24.2
BUSINESS ACQUISITION - Purchase Price Allocation (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]      
Goodwill   $ 2,792 $ 3,001
Newcrest Mining Limited      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]      
Cash and cash equivalents   668  
Trade receivables   212  
Inventories   722  
Stockpiles and ore on leach pads   137  
Derivative assets   42  
Other current assets   194  
Current assets   1,975  
Property, plant and mine development, net   13,509  
Investments   990  
Stockpiles and ore on leach pads   131  
Deferred income tax assets   179  
Goodwill   2,535  
Derivative assets   362  
Other non-current assets   93  
Total assets   19,774  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]      
Accounts payable   344  
Employee-related benefits   143  
Lease and other financing obligations   16  
Debt   1,923  
Other current liabilities   336  
Current liabilities   2,762  
Debt   1,373  
Lease and other financing obligations   35  
Reclamation and remediation liabilities   393  
Deferred income tax liabilities   1,429  
Employee-related benefits   222  
Other non-current liabilities   11  
Total liabilities   6,225  
Net assets acquired   13,549  
Accounting adjustment, property, plant and mine development $ 326    
Accounting adjustment, deferred income tax assets (10)    
Accounting adjustment, deferred income tax liabilities 98    
Accounting adjustment, goodwill $ (209)    
Newcrest Mining Limited | Red Chris      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]      
Goodwill   404  
Newcrest Mining Limited | Brucejack      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]      
Goodwill   1,089  
Newcrest Mining Limited | Cadia      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]      
Goodwill   427  
Newcrest Mining Limited | Lihir      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]      
Goodwill   $ 615  
v3.24.2
BUSINESS ACQUISITION - Pro-forma information (Details) - Newcrest Mining Limited - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Business Acquisition, Pro Forma Information [Abstract]    
Sales $ 3,856 $ 7,718
Net income (loss) $ 394 $ 987
v3.24.2
SEGMENT INFORMATION - Narrative (Details)
 6 Months Ended
Jun. 30, 2024
plant
Segment Reporting Information [Line Items]  
Number of reportable segments 17
Red Chris  
Segment Reporting Information [Line Items]  
Ownership interest (as a percent) 70.00%
NGM  
Segment Reporting Information [Line Items]  
Ownership interest (as a percent) 38.50%
v3.24.2
SEGMENT INFORMATION - Financial Information of Company's Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]        
Sales $ 4,402 $ 2,683 $ 8,425 $ 5,362
Costs Applicable to Sales [1] 2,156 1,543 4,262 3,025
Depreciation and Amortization 602 486 1,256 947
Advanced Projects, Research and Development and Exploration 106 110 212 193
Income (Loss) before Income and Mining Tax and Other Items 1,036 300 1,464 839
Capital Expenditures 819 658 1,592 1,166
Additional disclosures        
Increase (decrease) in accrued capital expenditures 19 42 (58) 24
Consolidated capital expenditures on a cash basis 800 616 1,650 1,142
Operating Segments | Brucejack | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 106   178  
Costs Applicable to Sales 64   138  
Depreciation and Amortization 36   71  
Advanced Projects, Research and Development and Exploration 1   1  
Income (Loss) before Income and Mining Tax and Other Items 4   (33)  
Capital Expenditures 19   35  
Operating Segments | Red Chris | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 82   144  
Costs Applicable to Sales 40   78  
Depreciation and Amortization 13   23  
Advanced Projects, Research and Development and Exploration 2   4  
Income (Loss) before Income and Mining Tax and Other Items 26   37  
Capital Expenditures 49   84  
Operating Segments | Red Chris | Gold | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 19   35  
Costs Applicable to Sales 7   14  
Depreciation and Amortization 2   4  
Operating Segments | Red Chris | Copper | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 63   109  
Costs Applicable to Sales 33   64  
Depreciation and Amortization 11   19  
Operating Segments | Peñasquito        
Segment Reporting Information [Line Items]        
Sales   316   692
Costs Applicable to Sales   258   515
Depreciation and Amortization   91   167
Advanced Projects, Research and Development and Exploration   3   6
Income (Loss) before Income and Mining Tax and Other Items   (57)   (35)
Capital Expenditures   37   72
Operating Segments | Peñasquito | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 551   1,028  
Costs Applicable to Sales 271   564  
Depreciation and Amortization 110   219  
Advanced Projects, Research and Development and Exploration 3   5  
Income (Loss) before Income and Mining Tax and Other Items 163   225  
Capital Expenditures 26   58  
Operating Segments | Peñasquito | Gold        
Segment Reporting Information [Line Items]        
Sales   95   205
Costs Applicable to Sales   40   107
Depreciation and Amortization   15   35
Operating Segments | Peñasquito | Gold | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 149   241  
Costs Applicable to Sales 53   91  
Depreciation and Amortization 22   37  
Operating Segments | Peñasquito | Silver        
Segment Reporting Information [Line Items]        
Sales   124   241
Costs Applicable to Sales   95   177
Depreciation and Amortization   34   59
Operating Segments | Peñasquito | Silver | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 209   410  
Costs Applicable to Sales 96   207  
Depreciation and Amortization 41   85  
Operating Segments | Peñasquito | Lead        
Segment Reporting Information [Line Items]        
Sales   32   64
Costs Applicable to Sales   33   55
Depreciation and Amortization   12   19
Operating Segments | Peñasquito | Lead | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 44   104  
Costs Applicable to Sales 26   62  
Depreciation and Amortization 12   26  
Operating Segments | Peñasquito | Zinc        
Segment Reporting Information [Line Items]        
Sales   65   182
Costs Applicable to Sales   90   176
Depreciation and Amortization   30   54
Operating Segments | Peñasquito | Zinc | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 149   273  
Costs Applicable to Sales 96   204  
Depreciation and Amortization 35   71  
Operating Segments | Merian        
Segment Reporting Information [Line Items]        
Sales   104   263
Costs Applicable to Sales   80   165
Depreciation and Amortization   15   33
Advanced Projects, Research and Development and Exploration   5   8
Income (Loss) before Income and Mining Tax and Other Items   3   56
Capital Expenditures   21   35
Operating Segments | Merian | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 142   297  
Costs Applicable to Sales 96   186  
Depreciation and Amortization 20   39  
Advanced Projects, Research and Development and Exploration 5   9  
Income (Loss) before Income and Mining Tax and Other Items 21   60  
Capital Expenditures 32   50  
Operating Segments | Cerro Negro        
Segment Reporting Information [Line Items]        
Sales   100   216
Costs Applicable to Sales   83   153
Depreciation and Amortization   34   65
Advanced Projects, Research and Development and Exploration   1   3
Income (Loss) before Income and Mining Tax and Other Items   (31)   (24)
Capital Expenditures   39   74
Operating Segments | Cerro Negro | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 65   218  
Costs Applicable to Sales 70   133  
Depreciation and Amortization 22   52  
Advanced Projects, Research and Development and Exploration 3   8  
Income (Loss) before Income and Mining Tax and Other Items (36)   15  
Capital Expenditures 31   77  
Operating Segments | Yanacocha        
Segment Reporting Information [Line Items]        
Sales   132   232
Costs Applicable to Sales   79   135
Depreciation and Amortization   22   38
Advanced Projects, Research and Development and Exploration   6   9
Income (Loss) before Income and Mining Tax and Other Items   (9)   (9)
Capital Expenditures   65   128
Operating Segments | Yanacocha | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 181   367  
Costs Applicable to Sales 77   165  
Depreciation and Amortization 23   51  
Advanced Projects, Research and Development and Exploration 4   6  
Income (Loss) before Income and Mining Tax and Other Items 22   42  
Capital Expenditures 9   33  
Operating Segments | Boddington        
Segment Reporting Information [Line Items]        
Sales   476   967
Costs Applicable to Sales   207   427
Depreciation and Amortization   36   73
Advanced Projects, Research and Development and Exploration   1   3
Income (Loss) before Income and Mining Tax and Other Items   226   459
Capital Expenditures   37   74
Operating Segments | Boddington | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 406   782  
Costs Applicable to Sales 188   380  
Depreciation and Amortization 35   70  
Advanced Projects, Research and Development and Exploration 1   2  
Income (Loss) before Income and Mining Tax and Other Items 175   332  
Capital Expenditures 29   57  
Operating Segments | Boddington | Gold        
Segment Reporting Information [Line Items]        
Sales   394   775
Costs Applicable to Sales   159   326
Depreciation and Amortization   27   55
Operating Segments | Boddington | Gold | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 320   619  
Costs Applicable to Sales 139   283  
Depreciation and Amortization 26   52  
Operating Segments | Boddington | Copper        
Segment Reporting Information [Line Items]        
Sales   82   192
Costs Applicable to Sales   48   101
Depreciation and Amortization   9   18
Operating Segments | Boddington | Copper | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 86   163  
Costs Applicable to Sales 49   97  
Depreciation and Amortization 9   18  
Operating Segments | Tanami        
Segment Reporting Information [Line Items]        
Sales   244   367
Costs Applicable to Sales   102   163
Depreciation and Amortization   31   50
Advanced Projects, Research and Development and Exploration   9   13
Income (Loss) before Income and Mining Tax and Other Items   100   140
Capital Expenditures   115   189
Operating Segments | Tanami | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 231   419  
Costs Applicable to Sales 101   183  
Depreciation and Amortization 33   58  
Advanced Projects, Research and Development and Exploration 7   15  
Income (Loss) before Income and Mining Tax and Other Items 79   161  
Capital Expenditures 105   190  
Operating Segments | Cadia | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 518   933  
Costs Applicable to Sales 144   285  
Depreciation and Amortization 66   121  
Advanced Projects, Research and Development and Exploration 4   9  
Income (Loss) before Income and Mining Tax and Other Items 301   523  
Capital Expenditures 134   245  
Operating Segments | Cadia | Gold | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 297   545  
Costs Applicable to Sales 77   151  
Depreciation and Amortization 33   61  
Operating Segments | Cadia | Copper | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 221   388  
Costs Applicable to Sales 67   134  
Depreciation and Amortization 33   60  
Operating Segments | Lihir | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 345   722  
Costs Applicable to Sales 162   333  
Depreciation and Amortization 43   78  
Advanced Projects, Research and Development and Exploration 4   10  
Income (Loss) before Income and Mining Tax and Other Items 126   289  
Capital Expenditures 40   95  
Operating Segments | Ahafo        
Segment Reporting Information [Line Items]        
Sales   263   512
Costs Applicable to Sales   121   251
Depreciation and Amortization   42   81
Advanced Projects, Research and Development and Exploration   10   16
Income (Loss) before Income and Mining Tax and Other Items   91   162
Capital Expenditures   77   167
Operating Segments | Ahafo | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 422   803  
Costs Applicable to Sales 176   335  
Depreciation and Amortization 55   106  
Advanced Projects, Research and Development and Exploration 12   17  
Income (Loss) before Income and Mining Tax and Other Items 185   363  
Capital Expenditures 81   171  
Operating Segments | NGM        
Segment Reporting Information [Line Items]        
Sales   563   1,054
Costs Applicable to Sales   304   590
Depreciation and Amortization   105   211
Advanced Projects, Research and Development and Exploration   10   17
Income (Loss) before Income and Mining Tax and Other Items   140   225
Capital Expenditures   123   207
Operating Segments | NGM | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 590   1,149  
Costs Applicable to Sales 307   621  
Depreciation and Amortization 103   210  
Advanced Projects, Research and Development and Exploration 7   12  
Income (Loss) before Income and Mining Tax and Other Items 164   292  
Capital Expenditures 126   244  
Operating Segments | CC&V        
Segment Reporting Information [Line Items]        
Sales   82   173
Costs Applicable to Sales   49   100
Depreciation and Amortization   6   13
Advanced Projects, Research and Development and Exploration   3   6
Income (Loss) before Income and Mining Tax and Other Items   21   48
Capital Expenditures   13   23
Operating Segments | CC&V | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales 78   137  
Costs Applicable to Sales 45   85  
Depreciation and Amortization 4   7  
Advanced Projects, Research and Development and Exploration 2   3  
Income (Loss) before Income and Mining Tax and Other Items 24   (68)  
Capital Expenditures 8   13  
Operating Segments | Musselwhite        
Segment Reporting Information [Line Items]        
Sales   80   163
Costs Applicable to Sales   55   113
Depreciation and Amortization   18   37
Advanced Projects, Research and Development and Exploration   4   5
Income (Loss) before Income and Mining Tax and Other Items   (2)   4
Capital Expenditures   31   45
Operating Segments | Musselwhite | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales 132   233  
Costs Applicable to Sales 56   113  
Depreciation and Amortization 0   18  
Advanced Projects, Research and Development and Exploration 1   3  
Income (Loss) before Income and Mining Tax and Other Items 74   15  
Capital Expenditures 21   47  
Operating Segments | Porcupine        
Segment Reporting Information [Line Items]        
Sales   125   248
Costs Applicable to Sales   77   147
Depreciation and Amortization   27   56
Advanced Projects, Research and Development and Exploration   6   10
Income (Loss) before Income and Mining Tax and Other Items   12   27
Capital Expenditures   36   58
Operating Segments | Porcupine | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales 206   331  
Costs Applicable to Sales 94   157  
Depreciation and Amortization 9   32  
Advanced Projects, Research and Development and Exploration 1   3  
Income (Loss) before Income and Mining Tax and Other Items (149)   (115)  
Capital Expenditures 55   95  
Operating Segments | Eleonore        
Segment Reporting Information [Line Items]        
Sales   100   229
Costs Applicable to Sales   74   149
Depreciation and Amortization   24   51
Advanced Projects, Research and Development and Exploration   2   3
Income (Loss) before Income and Mining Tax and Other Items   (2)   24
Capital Expenditures   31   45
Operating Segments | Eleonore | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales 147   263  
Costs Applicable to Sales 89   169  
Depreciation and Amortization 2   21  
Advanced Projects, Research and Development and Exploration 1   5  
Income (Loss) before Income and Mining Tax and Other Items 54   66  
Capital Expenditures 29   50  
Operating Segments | Telfer | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales 89   155  
Costs Applicable to Sales 95   180  
Depreciation and Amortization 5   15  
Advanced Projects, Research and Development and Exploration 2   6  
Income (Loss) before Income and Mining Tax and Other Items (30)   (54)  
Capital Expenditures 14   24  
Operating Segments | Telfer | Gold | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales 82   141  
Costs Applicable to Sales 83   153  
Depreciation and Amortization 4   12  
Operating Segments | Telfer | Copper | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales 7   14  
Costs Applicable to Sales 12   27  
Depreciation and Amortization 1   3  
Operating Segments | Akyem        
Segment Reporting Information [Line Items]        
Sales   98   246
Costs Applicable to Sales   54   117
Depreciation and Amortization   26   55
Advanced Projects, Research and Development and Exploration   5   8
Income (Loss) before Income and Mining Tax and Other Items   12   61
Capital Expenditures   12   22
Operating Segments | Akyem | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales 111   266  
Costs Applicable to Sales 81   157  
Depreciation and Amortization 11   41  
Advanced Projects, Research and Development and Exploration 0   4  
Income (Loss) before Income and Mining Tax and Other Items 18   61  
Capital Expenditures 7   16  
Corporate and Other        
Segment Reporting Information [Line Items]        
Sales   0   0
Costs Applicable to Sales   0   0
Depreciation and Amortization   9   17
Advanced Projects, Research and Development and Exploration   45   86
Income (Loss) before Income and Mining Tax and Other Items   (204)   (299)
Capital Expenditures   $ 21   $ 27
Corporate and Other | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales 0   0  
Costs Applicable to Sales 0   0  
Depreciation and Amortization 12   24  
Advanced Projects, Research and Development and Exploration 46   90  
Income (Loss) before Income and Mining Tax and Other Items (185)   (747)  
Capital Expenditures $ 4   $ 8  
[1] Excludes Depreciation and amortization and Reclamation and remediation.
v3.24.2
ASSETS AND LIABILITIES HELD FOR SALE - Additional Information (Details)
$ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended
Feb. 29, 2024
asset
Jun. 30, 2024
USD ($)
$ / oz
Mar. 31, 2024
asset
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
$ / oz
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Disposal group              
Loss on assets held for sale (Note 5)   $ 246   $ 0 $ 731 $ 0  
Telfer              
Disposal group              
Noncontrolling interest, ownership percentage by parent   70.00%     70.00%    
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program              
Disposal group              
Disposal group, number of non-core assets to be divested | asset 6   6        
Net book value of assets held for sale   $ 2,965     $ 2,965   $ 3,419
Loss on assets held for sale (Note 5)   157     509    
Discontinued operation, tax effect   89     222    
Discontinued operation, loss (gain) on disposal   $ 246     $ 731    
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Measurement Input, Short-Term Gold Price | Valuation, Income Approach              
Disposal group              
Long-lived and other assets, measurement input | $ / oz   2,275     2,275    
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Measurement Input, Long-Term Gold Price | Valuation, Income Approach              
Disposal group              
Long-lived and other assets, measurement input | $ / oz   1,700     1,700    
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Discount rate | Valuation, Income Approach | Minimum              
Disposal group              
Long-lived and other assets, measurement input   0.05875     0.05875    
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Discount rate | Valuation, Income Approach | Maximum              
Disposal group              
Long-lived and other assets, measurement input   0.11875     0.11875    
v3.24.2
ASSETS AND LIABILITIES HELD FOR SALE - Schedule of Carrying Values of Assets and Liabilities Held for Sale (Details) - Discontinued Operations, Held-for-Sale - Portfolio Optimization Program
$ in Millions
Jun. 30, 2024
USD ($)
Assets held for sale:  
Property, plant and mine development, net $ 4,495
Other assets 1,384
Carrying value of assets held for sale 5,879
Liabilities held for sale:  
Reclamation and remediation liabilities 1,602
Other liabilities 803
Carrying value of liabilities held for sale 2,405
Corporate and Other  
Assets held for sale:  
Property, plant and mine development, net 321
Other assets 2
Carrying value of assets held for sale 323
Liabilities held for sale:  
Reclamation and remediation liabilities 3
Other liabilities 3
Carrying value of liabilities held for sale 6
CC&V | Operating Segments  
Assets held for sale:  
Property, plant and mine development, net 90
Other assets 466
Carrying value of assets held for sale 556
Liabilities held for sale:  
Reclamation and remediation liabilities 282
Other liabilities 33
Carrying value of liabilities held for sale 315
Musselwhite | Operating Segments  
Assets held for sale:  
Property, plant and mine development, net 1,012
Other assets 35
Carrying value of assets held for sale 1,047
Liabilities held for sale:  
Reclamation and remediation liabilities 78
Other liabilities 261
Carrying value of liabilities held for sale 339
Porcupine | Operating Segments  
Assets held for sale:  
Property, plant and mine development, net 1,421
Other assets 108
Carrying value of assets held for sale 1,529
Liabilities held for sale:  
Reclamation and remediation liabilities 546
Other liabilities 237
Carrying value of liabilities held for sale 783
Eleonore | Operating Segments  
Assets held for sale:  
Property, plant and mine development, net 734
Other assets 140
Carrying value of assets held for sale 874
Liabilities held for sale:  
Reclamation and remediation liabilities 84
Other liabilities 64
Carrying value of liabilities held for sale 148
Telfer | Operating Segments  
Assets held for sale:  
Property, plant and mine development, net 387
Other assets 260
Carrying value of assets held for sale 647
Liabilities held for sale:  
Reclamation and remediation liabilities 208
Other liabilities 129
Carrying value of liabilities held for sale 337
Akyem | Operating Segments  
Assets held for sale:  
Property, plant and mine development, net 530
Other assets 373
Carrying value of assets held for sale 903
Liabilities held for sale:  
Reclamation and remediation liabilities 401
Other liabilities 76
Carrying value of liabilities held for sale $ 477
v3.24.2
SALES - Schedule of sales by mining operation, product and inventory type (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
SALES        
Sales $ 4,402 $ 2,683 $ 8,425 $ 5,362
Gold Sales from Doré Production        
SALES        
Sales 2,833 1,984 5,514 3,880
Sales from Concentrate and Other Production        
SALES        
Sales 1,569 699 2,911 1,482
Operating Segments | Brucejack | Continuing Operations        
SALES        
Sales 106   178  
Operating Segments | Brucejack | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 81   130  
Operating Segments | Brucejack | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 25   48  
Operating Segments | Red Chris | Continuing Operations        
SALES        
Sales 82   144  
Operating Segments | Red Chris | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | Red Chris | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 82   144  
Operating Segments | Red Chris | Red Chris Gold Subsegment | Continuing Operations        
SALES        
Sales 19   35  
Operating Segments | Red Chris | Red Chris Gold Subsegment | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | Red Chris | Red Chris Gold Subsegment | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 19   35  
Operating Segments | Red Chris | Red Chris Copper Subsegment | Continuing Operations        
SALES        
Sales 63   109  
Operating Segments | Red Chris | Red Chris Copper Subsegment | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | Red Chris | Red Chris Copper Subsegment | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 63   109  
Operating Segments | Peñasquito        
SALES        
Sales   316   692
Operating Segments | Peñasquito | Continuing Operations        
SALES        
Sales 551   1,028  
Operating Segments | Peñasquito | Gold Sales from Doré Production        
SALES        
Sales   19   34
Operating Segments | Peñasquito | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | Peñasquito | Sales from Concentrate and Other Production        
SALES        
Sales   297   658
Operating Segments | Peñasquito | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 551   1,028  
Operating Segments | Peñasquito | Penasquito Gold        
SALES        
Sales   95   205
Operating Segments | Peñasquito | Penasquito Gold | Continuing Operations        
SALES        
Sales 149   241  
Operating Segments | Peñasquito | Penasquito Gold | Gold Sales from Doré Production        
SALES        
Sales   19   34
Operating Segments | Peñasquito | Penasquito Gold | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | Peñasquito | Penasquito Gold | Sales from Concentrate and Other Production        
SALES        
Sales   76   171
Operating Segments | Peñasquito | Penasquito Gold | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 149   241  
Operating Segments | Peñasquito | Pensaquito Silver        
SALES        
Sales   124   241
Operating Segments | Peñasquito | Pensaquito Silver | Continuing Operations        
SALES        
Sales 209   410  
Operating Segments | Peñasquito | Pensaquito Silver | Gold Sales from Doré Production        
SALES        
Sales   0   0
Operating Segments | Peñasquito | Pensaquito Silver | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | Peñasquito | Pensaquito Silver | Sales from Concentrate and Other Production        
SALES        
Sales   124   241
Operating Segments | Peñasquito | Pensaquito Silver | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 209   410  
Operating Segments | Peñasquito | Pensaquito Silver | Silver streaming agreement        
SALES        
Sales 23 15 50 31
Operating Segments | Peñasquito | Penasquito Lead        
SALES        
Sales   32   64
Operating Segments | Peñasquito | Penasquito Lead | Continuing Operations        
SALES        
Sales 44   104  
Operating Segments | Peñasquito | Penasquito Lead | Gold Sales from Doré Production        
SALES        
Sales   0   0
Operating Segments | Peñasquito | Penasquito Lead | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | Peñasquito | Penasquito Lead | Sales from Concentrate and Other Production        
SALES        
Sales   32   64
Operating Segments | Peñasquito | Penasquito Lead | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 44   104  
Operating Segments | Peñasquito | Penasquito Zinc        
SALES        
Sales   65   182
Operating Segments | Peñasquito | Penasquito Zinc | Continuing Operations        
SALES        
Sales 149   273  
Operating Segments | Peñasquito | Penasquito Zinc | Gold Sales from Doré Production        
SALES        
Sales   0   0
Operating Segments | Peñasquito | Penasquito Zinc | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | Peñasquito | Penasquito Zinc | Sales from Concentrate and Other Production        
SALES        
Sales   65   182
Operating Segments | Peñasquito | Penasquito Zinc | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 149   273  
Operating Segments | Merian        
SALES        
Sales   104   263
Operating Segments | Merian | Continuing Operations        
SALES        
Sales 142   297  
Operating Segments | Merian | Gold Sales from Doré Production        
SALES        
Sales   104   263
Operating Segments | Merian | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 136   284  
Operating Segments | Merian | Sales from Concentrate and Other Production        
SALES        
Sales   0   0
Operating Segments | Merian | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 6   13  
Operating Segments | Cerro Negro        
SALES        
Sales   100   216
Operating Segments | Cerro Negro | Continuing Operations        
SALES        
Sales 65   218  
Operating Segments | Cerro Negro | Gold Sales from Doré Production        
SALES        
Sales   100   216
Operating Segments | Cerro Negro | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 65   218  
Operating Segments | Cerro Negro | Sales from Concentrate and Other Production        
SALES        
Sales   0   0
Operating Segments | Cerro Negro | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | Yanacocha        
SALES        
Sales   132   232
Operating Segments | Yanacocha | Continuing Operations        
SALES        
Sales 181   367  
Operating Segments | Yanacocha | Gold Sales from Doré Production        
SALES        
Sales   130   224
Operating Segments | Yanacocha | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 178   364  
Operating Segments | Yanacocha | Sales from Concentrate and Other Production        
SALES        
Sales   2   8
Operating Segments | Yanacocha | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 3   3  
Operating Segments | Boddington        
SALES        
Sales   476   967
Operating Segments | Boddington | Continuing Operations        
SALES        
Sales 406   782  
Operating Segments | Boddington | Gold Sales from Doré Production        
SALES        
Sales   100   193
Operating Segments | Boddington | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 91   165  
Operating Segments | Boddington | Sales from Concentrate and Other Production        
SALES        
Sales   376   774
Operating Segments | Boddington | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 315   617  
Operating Segments | Boddington | Boddington Gold        
SALES        
Sales   394   775
Operating Segments | Boddington | Boddington Gold | Continuing Operations        
SALES        
Sales 320   619  
Operating Segments | Boddington | Boddington Gold | Gold Sales from Doré Production        
SALES        
Sales   100   193
Operating Segments | Boddington | Boddington Gold | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 91   165  
Operating Segments | Boddington | Boddington Gold | Sales from Concentrate and Other Production        
SALES        
Sales   294   582
Operating Segments | Boddington | Boddington Gold | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 229   454  
Operating Segments | Boddington | Boddington Copper        
SALES        
Sales   82   192
Operating Segments | Boddington | Boddington Copper | Continuing Operations        
SALES        
Sales 86   163  
Operating Segments | Boddington | Boddington Copper | Gold Sales from Doré Production        
SALES        
Sales   0   0
Operating Segments | Boddington | Boddington Copper | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | Boddington | Boddington Copper | Sales from Concentrate and Other Production        
SALES        
Sales   82   192
Operating Segments | Boddington | Boddington Copper | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 86   163  
Operating Segments | Tanami        
SALES        
Sales   244   367
Operating Segments | Tanami | Continuing Operations        
SALES        
Sales 231   419  
Operating Segments | Tanami | Gold Sales from Doré Production        
SALES        
Sales   244   367
Operating Segments | Tanami | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 231   419  
Operating Segments | Tanami | Sales from Concentrate and Other Production        
SALES        
Sales   0   0
Operating Segments | Tanami | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | Cadia | Continuing Operations        
SALES        
Sales 518   933  
Operating Segments | Cadia | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 32   65  
Operating Segments | Cadia | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 486   868  
Operating Segments | Cadia | Cadia Gold Subsegment | Continuing Operations        
SALES        
Sales 297   545  
Operating Segments | Cadia | Cadia Gold Subsegment | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 32   65  
Operating Segments | Cadia | Cadia Gold Subsegment | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 265   480  
Operating Segments | Cadia | Cadia Copper Subsegment | Continuing Operations        
SALES        
Sales 221   388  
Operating Segments | Cadia | Cadia Copper Subsegment | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | Cadia | Cadia Copper Subsegment | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 221   388  
Operating Segments | Lihir | Continuing Operations        
SALES        
Sales 345   722  
Operating Segments | Lihir | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 345   722  
Operating Segments | Lihir | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | Ahafo        
SALES        
Sales   263   512
Operating Segments | Ahafo | Continuing Operations        
SALES        
Sales 422   803  
Operating Segments | Ahafo | Gold Sales from Doré Production        
SALES        
Sales   263   512
Operating Segments | Ahafo | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 422   803  
Operating Segments | Ahafo | Sales from Concentrate and Other Production        
SALES        
Sales   0   0
Operating Segments | Ahafo | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 0   0  
Operating Segments | NGM        
SALES        
Sales   563   1,054
Operating Segments | NGM | Continuing Operations        
SALES        
Sales 590   1,149  
Operating Segments | NGM | Gold Sales from Doré Production        
SALES        
Sales   539   1,012
Operating Segments | NGM | Gold Sales from Doré Production | Continuing Operations        
SALES        
Sales 561   1,090  
Operating Segments | NGM | Sales from Concentrate and Other Production        
SALES        
Sales   24   42
Operating Segments | NGM | Sales from Concentrate and Other Production | Continuing Operations        
SALES        
Sales 29   59  
Operating Segments | CC&V        
SALES        
Sales   82   173
Operating Segments | CC&V | Discontinued Operations        
SALES        
Sales 78   137  
Operating Segments | CC&V | Gold Sales from Doré Production        
SALES        
Sales   82   173
Operating Segments | CC&V | Gold Sales from Doré Production | Discontinued Operations        
SALES        
Sales 78   137  
Operating Segments | CC&V | Sales from Concentrate and Other Production        
SALES        
Sales   0   0
Operating Segments | CC&V | Sales from Concentrate and Other Production | Discontinued Operations        
SALES        
Sales 0   0  
Operating Segments | Musselwhite        
SALES        
Sales   80   163
Operating Segments | Musselwhite | Discontinued Operations        
SALES        
Sales 132   233  
Operating Segments | Musselwhite | Gold Sales from Doré Production        
SALES        
Sales   80   163
Operating Segments | Musselwhite | Gold Sales from Doré Production | Discontinued Operations        
SALES        
Sales 132   233  
Operating Segments | Musselwhite | Sales from Concentrate and Other Production        
SALES        
Sales   0   0
Operating Segments | Musselwhite | Sales from Concentrate and Other Production | Discontinued Operations        
SALES        
Sales 0   0  
Operating Segments | Porcupine        
SALES        
Sales   125   248
Operating Segments | Porcupine | Discontinued Operations        
SALES        
Sales 206   331  
Operating Segments | Porcupine | Gold Sales from Doré Production        
SALES        
Sales   125   248
Operating Segments | Porcupine | Gold Sales from Doré Production | Discontinued Operations        
SALES        
Sales 206   331  
Operating Segments | Porcupine | Sales from Concentrate and Other Production        
SALES        
Sales   0   0
Operating Segments | Porcupine | Sales from Concentrate and Other Production | Discontinued Operations        
SALES        
Sales 0   0  
Operating Segments | Eleonore        
SALES        
Sales   100   229
Operating Segments | Eleonore | Discontinued Operations        
SALES        
Sales 147   263  
Operating Segments | Eleonore | Gold Sales from Doré Production        
SALES        
Sales   100   229
Operating Segments | Eleonore | Gold Sales from Doré Production | Discontinued Operations        
SALES        
Sales 147   263  
Operating Segments | Eleonore | Sales from Concentrate and Other Production        
SALES        
Sales   0   0
Operating Segments | Eleonore | Sales from Concentrate and Other Production | Discontinued Operations        
SALES        
Sales 0   0  
Operating Segments | Telfer | Discontinued Operations        
SALES        
Sales 89   155  
Operating Segments | Telfer | Gold Sales from Doré Production | Discontinued Operations        
SALES        
Sales 17   24  
Operating Segments | Telfer | Sales from Concentrate and Other Production | Discontinued Operations        
SALES        
Sales 72   131  
Operating Segments | Telfer | Telfer Gold Subsegment | Discontinued Operations        
SALES        
Sales 82   141  
Operating Segments | Telfer | Telfer Gold Subsegment | Gold Sales from Doré Production | Discontinued Operations        
SALES        
Sales 17   24  
Operating Segments | Telfer | Telfer Gold Subsegment | Sales from Concentrate and Other Production | Discontinued Operations        
SALES        
Sales 65   117  
Operating Segments | Telfer | Telfer Copper Subsegment | Discontinued Operations        
SALES        
Sales 7   14  
Operating Segments | Telfer | Telfer Copper Subsegment | Gold Sales from Doré Production | Discontinued Operations        
SALES        
Sales 0   0  
Operating Segments | Telfer | Telfer Copper Subsegment | Sales from Concentrate and Other Production | Discontinued Operations        
SALES        
Sales 7   14  
Operating Segments | Akyem        
SALES        
Sales   98   246
Operating Segments | Akyem | Discontinued Operations        
SALES        
Sales 111   266  
Operating Segments | Akyem | Gold Sales from Doré Production        
SALES        
Sales   98   246
Operating Segments | Akyem | Gold Sales from Doré Production | Discontinued Operations        
SALES        
Sales 111   266  
Operating Segments | Akyem | Sales from Concentrate and Other Production        
SALES        
Sales   0   0
Operating Segments | Akyem | Sales from Concentrate and Other Production | Discontinued Operations        
SALES        
Sales 0   0  
Eliminations | NGM        
SALES        
Sales $ 559 $ 531 $ 1,088 $ 1,012
v3.24.2
SALES - Provisional Sales (Details)
oz in Thousands, lb in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
oz
lb
$ / lb
$ / oz
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
oz
lb
$ / lb
$ / oz
Jun. 30, 2023
USD ($)
Revenue from Contract with Customer [Abstract]        
Increase (decrease) to sales from provisional pricing mark-to-market | $ $ 91 $ (22) $ 131 $ 0
Gold        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | oz 204   204  
Average provisional price (in dollars per ounce or pound) | $ / oz 2,332   2,332  
Copper        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 75   75  
Average provisional price (in dollars per ounce or pound) | $ / lb 4.35   4.35  
Silver        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | oz 5,000   5,000  
Average provisional price (in dollars per ounce or pound) | $ / oz 29.25   29.25  
Lead        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 28   28  
Average provisional price (in dollars per ounce or pound) | $ / lb 0.99   0.99  
Zinc        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 80   80  
Average provisional price (in dollars per ounce or pound) | $ / lb 1.32   1.32  
Molybdenum        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 1   1  
Average provisional price (in dollars per ounce or pound) | $ / lb 22.74   22.74  
v3.24.2
RECLAMATION AND REMEDIATION - Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Reclamation and remediation expense        
Reclamation adjustments and other $ 1 $ 6    
Reclamation accretion 87 59 $ 172 $ 119
Reclamation expense 88 65    
Remediation adjustments and other 5 (1)    
Remediation accretion 1 2 3 4
Remediation expense 6 1    
Reclamation and remediation $ 94 $ 66 192 132
Reclamation and remediation        
Reclamation and remediation expense        
Reclamation adjustments and other     4 8
Reclamation accretion     172 119
Reclamation expense     176 127
Remediation adjustments and other     13 1
Remediation accretion     3 4
Remediation expense     16 5
Reclamation and remediation     $ 192 $ 132
v3.24.2
RECLAMATION AND REMEDIATION - Reconciliation of Obligation (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Change in reclamation liability        
Balance at beginning of period     $ 8,385 $ 6,731
Additions, changes in estimates and other     0 1
Payments, net     (136) (99)
Accretion expense  $ 87 $ 59 172 119
Reclassification to liabilities held for sale     (1,582) 0
Balance at end of period 6,839 6,752 6,839 6,752
Change in remediation liability        
Balance at beginning of period     401 373
Additions, changes in estimates and other     5 (2)
Payments, net     (30) (12)
Accretion expense  1 2 3 4
Reclassification to liabilities held for sale     (20) 0
Balance at end of period $ 359 $ 363 $ 359 $ 363
v3.24.2
RECLAMATION AND REMEDIATION - Liability Classifications (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Dec. 31, 2022
Reclamation and remediation expense        
Reclamation liabilities, current $ 512 $ 558    
Reclamation liabilities, non-current 6,327 7,827    
Reclamation obligations, operating properties 6,839 8,385 $ 6,752 $ 6,731
Remediation liabilities, current 66 61    
Remediation liabilities, non-current 293 340    
Total remediation liabilities 359 401 $ 363 $ 373
Total reclamation and remediation liabilities, current 578 619    
Total reclamation and remediation liabilities, non-current 6,620 8,167    
Total reclamation and remediation liabilities 7,198 8,786    
Minera Yanacocha        
Reclamation and remediation expense        
Reclamation obligations, operating properties $ 4,787 $ 4,804    
v3.24.2
RECLAMATION AND REMEDIATION - Narrative (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Other Noncurrent Assets    
Reclamation and remediation expense    
Asset retirement obligation restricted assets $ 20 $ 81
Other Noncurrent Assets | Marketable equity securities | Yanacocha    
Reclamation and remediation expense    
Asset retirement obligation restricted assets 17 $ 21
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program    
Reclamation and remediation expense    
Disposal group, including discontinued operation, restricted cash and restricted cash equivalents $ 53  
v3.24.2
OTHER EXPENSE, NET (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Costs and Expenses [Abstract]        
Newcrest transaction and integration costs $ 16 $ 21 $ 45 $ 21
Settlement costs 5 0 26 0
Impairment charges 9 4 21 8
Restructuring and severance 9 10 15 12
Other 20 6 25 8
Other expense, net $ 59 $ 41 $ 132 $ 49
v3.24.2
OTHER INCOME (LOSS), NET (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Other Income, Net [Line Items]          
Interest income   $ 38 $ 37 $ 77 $ 73
Change in fair value of investments   (9) (42) 22 (1)
Gain (loss) on debt extinguishment, net   14 0 14 0
Insurance proceeds   2 0 12 0
Foreign currency exchange, net   (25) (11) 3 (22)
Other, net   25 (1) 29 (4)
Other income (loss), net   100 (17) 221 82
Interest Rate Contract          
Other Income, Net [Line Items]          
Other comprehensive income (loss), gain (loss) reclassified, before tax   (6)   (6)  
Senior Notes          
Other Income, Net [Line Items]          
Gain (loss) on debt extinguishment, net $ 20        
Ahafo          
Other Income, Net [Line Items]          
Insurance proceeds       12  
Disposed of by sale, not discontinued operations          
Other Income, Net [Line Items]          
Gain on asset and investment sales, net   $ 55 $ 0 $ 64 $ 36
v3.24.2
OTHER INCOME (LOSS), NET - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Other Income, Net [Line Items]        
Gain (loss) on derivative $ (7) $ (3) $ (8) $ (4)
Stream Credit Facility Agreement | Not Designated as Hedging Instrument        
Other Income, Net [Line Items]        
Gain (loss) on derivative $ 49   $ 49  
Maverix        
Other Income, Net [Line Items]        
Ownership interest (as a percent)   28.50%   28.50%
Gain on sale of equity method investment       $ 36
Triple Flag        
Other Income, Net [Line Items]        
Ownership interest (as a percent)   7.50%   7.50%
v3.24.2
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 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Tax Disclosure [Abstract]        
Income (loss) before income and mining tax and other items $ 1,036 $ 300 $ 1,464 $ 839
Reconciling item, percentage        
U.S. Federal statutory tax rate 21.00% 21.00% 21.00% 21.00%
Change in valuation allowance on deferred tax assets 2.00% 16.00% (3.00%) 7.00%
Foreign rate differential 8.00% 10.00% 10.00% 9.00%
Mining and other taxes (net of associated federal benefit) 5.00% 7.00% 6.00% 6.00%
Uncertain tax position reserve adjustment (5.00%) 1.00% (4.00%) 2.00%
Tax impact of foreign exchange (9.00%) 1.00% (4.00%) 2.00%
Akyem recognition of DTL for assets held for sale (0.03) 0 0.06 0
Other (1.00%) (2.00%) (1.00%) (2.00%)
Income and mining tax expense (benefit) 18.00% 54.00% 31.00% 45.00%
Reconciling item, amount        
U.S. Federal statutory tax rate $ 218 $ 63 $ 307 $ 176
Change in valuation allowance on deferred tax assets 20 48 (45) 57
Foreign rate differential 84 32 147 75
Mining and other taxes (net of associated federal benefit) 52 20 95 49
Uncertain tax position reserve adjustment (50) 3 (52) 14
Tax impact of foreign exchange (88) 3 (58) 21
Akyem recognition of DTL for assets held for sale (36) 0 81 0
Other (9) (6) (24) (16)
Income and mining tax expense (benefit) $ 191 $ 163 $ 451 $ 376
v3.24.2
FAIR VALUE ACCOUNTING - Recurring Basis (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Carrying value      
Liabilities:      
Debt $ 8,692   $ 8,874
Assets held for sale 2,947    
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program      
Assets:      
Assets held for sale 1,383 $ 1,564  
Level 3      
Assets:      
Long-lived assets     22
Recurring      
Assets:      
Cash and cash equivalents 2,602   3,002
Restricted cash 34   98
Time deposits (Note 13) 28    
Assets held for sale 2,947    
Long-lived assets     22
Derivative assets 252   642
Total assets 7,091   4,771
Liabilities:      
Debt 8,582   8,975
Derivative liabilities 10   8
Total liabilities 8,592   8,983
Recurring | Discontinued Operations, Held-for-Sale | Portfolio Optimization Program      
Assets:      
Assets held for sale 600 $ 916  
Recurring | Level 1      
Assets:      
Cash and cash equivalents 2,602   3,002
Restricted cash 34   98
Time deposits (Note 13) 0    
Assets held for sale 0    
Long-lived assets     0
Derivative assets 0   0
Total assets 2,912   3,364
Liabilities:      
Debt 0   0
Derivative liabilities 0   0
Total liabilities 0   0
Recurring | Level 2      
Assets:      
Cash and cash equivalents 0   0
Restricted cash 0   0
Time deposits (Note 13) 28    
Assets held for sale 0    
Long-lived assets     0
Derivative assets 2   7
Total assets 982   750
Liabilities:      
Debt 8,582   8,975
Derivative liabilities 3   3
Total liabilities 8,585   8,978
Recurring | Level 3      
Assets:      
Cash and cash equivalents 0   0
Restricted cash 0   0
Time deposits (Note 13) 0    
Assets held for sale 2,947    
Long-lived assets     22
Derivative assets 250   635
Total assets 3,197   657
Liabilities:      
Debt 0   0
Derivative liabilities 7   5
Total liabilities 7   5
Recurring | Trade receivables from provisional concentrate sales, net       
Assets:      
Trade receivables from provisional concentrate sales, net  943   734
Recurring | Trade receivables from provisional concentrate sales, net  | Level 1      
Assets:      
Trade receivables from provisional concentrate sales, net  0   0
Recurring | Trade receivables from provisional concentrate sales, net  | Level 2      
Assets:      
Trade receivables from provisional concentrate sales, net  943   734
Recurring | Trade receivables from provisional concentrate sales, net  | Level 3      
Assets:      
Trade receivables from provisional concentrate sales, net  0   0
Recurring | Marketable and other equity securities      
Assets:      
Marketable and other equity securities (Note 13) (3) 268   252
Recurring | Marketable and other equity securities | Level 1      
Assets:      
Marketable and other equity securities (Note 13) (3) 259   243
Recurring | Marketable and other equity securities | Level 2      
Assets:      
Marketable and other equity securities (Note 13) (3) 9   9
Recurring | Marketable and other equity securities | Level 3      
Assets:      
Marketable and other equity securities (Note 13) (3) 0   0
Recurring | Restricted marketable debt securities      
Assets:      
Restricted investments 17   21
Recurring | Restricted marketable debt securities | Level 1      
Assets:      
Restricted investments 17   21
Recurring | Restricted marketable debt securities | Level 2      
Assets:      
Restricted investments 0   0
Recurring | Restricted marketable debt securities | Level 3      
Assets:      
Restricted investments $ 0   $ 0
v3.24.2
FAIR VALUE ACCOUNTING - Additional Information (Details) - asset
 1 Months Ended 3 Months Ended
Feb. 29, 2024
Mar. 31, 2024
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program    
Disposal group    
Disposal group, number of non-core assets to be divested 6 6
v3.24.2
FAIR VALUE ACCOUNTING - Quantitative Information (Details)
$ in Millions
Jun. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Quantitative and Qualitative Information - Unobservable Inputs    
Assets held for sale $ 2,947  
Contingent consideration liabilities 8 $ 8
Derivative assets (Note 12) 181 444
Designated Hedge | Cash Flow Hedges    
Quantitative and Qualitative Information - Unobservable Inputs    
Current derivative liabilities 5 3
Designated Hedge | Non-Contingent Consideration Derivative    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative assets (Note 12) 104 0
Designated Hedge | Non-Contingent Consideration Derivative | Cash Flow Hedges    
Quantitative and Qualitative Information - Unobservable Inputs    
Current derivative liabilities 2 0
Level 3    
Quantitative and Qualitative Information - Unobservable Inputs    
Long-lived assets   22
Continental conversion option   424
Contingent consideration assets 146 211
Contingent consideration liabilities 5 $ 5
Level 3 | Designated Hedge    
Quantitative and Qualitative Information - Unobservable Inputs    
Continental conversion option $ 102  
Level 3 | Monte Carlo | Minimum | Discount rate    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration assets, measurement input 8.04% 8.04%
Level 3 | Monte Carlo | Maximum | Discount rate    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration assets, measurement input 26.43% 26.43%
Level 3 | Monte Carlo | Weighted Average | Discount rate    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration assets, measurement input 11.50% 11.18%
Level 3 | Discounted cash flow | Minimum | Forward gold prices (per ounce) | Designated Hedge    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input 43  
Level 3 | Discounted cash flow | Minimum | Discount rate    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input   0.0628
Contingent consideration liabilities, measurement input 0.0482 0.0491
Level 3 | Discounted cash flow | Maximum | Forward gold prices (per ounce) | Designated Hedge    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input 321  
Level 3 | Discounted cash flow | Maximum | Discount rate    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input   0.1050
Contingent consideration liabilities, measurement input 0.0615 0.0615
Level 3 | Discounted cash flow | Weighted Average | Forward gold prices (per ounce) | Designated Hedge    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input 0.0692  
Level 3 | Discounted cash flow | Weighted Average | Discount rate    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input   0.0903
Contingent consideration liabilities, measurement input 0.0562 0.0565
v3.24.2
FAIR VALUE ACCOUNTING - Changes in the Fair Value of Level 3 Financial Assets and Liabilities (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Summary of changes in Level 3 financial assets    
Fair value, beginning of period $ 635 $ 188
Settlements/reclassifications (76)  
Revaluation (28) (1)
Sales (281)  
Fair value, end of period 250 187
Summary of changes in Level 3 financial liabilities    
Fair value, beginning of period 5 3
Settlements/reclassifications 0  
Revaluation 2 2
Sales  
Fair value, end of period 7 5
Other income, net    
Summary of changes in Level 3 financial assets    
Revaluation 5 (7)
Other Comprehensive Income (Loss)    
Summary of changes in Level 3 financial assets    
Revaluation (44)  
Income (Loss) From Discontinued Operations    
Summary of changes in Level 3 financial assets    
Revaluation 11 6
Derivative Liabilities    
Summary of changes in Level 3 financial liabilities    
Fair value, beginning of period 5 3
Settlements/reclassifications 0  
Revaluation 2 2
Sales 0  
Fair value, end of period 7 5
Derivative Assets    
Summary of changes in Level 3 financial assets    
Fair value, beginning of period 635 188
Settlements/reclassifications (76)  
Revaluation (28) (1)
Sales (281)  
Fair value, end of period $ 250 $ 187
v3.24.2
DERIVATIVE INSTRUMENTS - Fair Values of Instruments Designated as Hedges (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Derivative contracts    
Contingent consideration assets $ 71 $ 198
Non-current derivative assets 181 444
Designated Hedge | Non-Contingent Consideration Derivative    
Derivative contracts    
Non-current derivative assets 104 0
Designated Hedge | Cash Flow Hedges    
Derivative contracts    
Current derivative assets 106 7
Current derivative liabilities 5 3
Non-current derivative liabilities 5 5
Designated Hedge | Cash Flow Hedges | Non-Contingent Consideration Derivative    
Derivative contracts    
Contingent consideration assets 2 7
Current derivative liabilities 2 0
Designated Hedge | Cash Flow Hedges | Contingent Consideration Derivative    
Derivative contracts    
Current derivative liabilities 3 3
Not Designated as Hedging Instrument | Non-Contingent Consideration Derivative    
Derivative contracts    
Contingent consideration assets 0 115
Non-current derivative assets 0 309
Not Designated as Hedging Instrument | Contingent Consideration Derivative    
Derivative contracts    
Contingent consideration assets 69 76
Non-current derivative assets $ 77 $ 135
v3.24.2
DERIVATIVE INSTRUMENTS - Narrative (Details)
$ in Millions, $ in Millions, $ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended
Jan. 01, 2024
Jul. 31, 2024
USD ($)
Jun. 30, 2024
USD ($)
Sep. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
AUD ($)
Jun. 30, 2024
CAD ($)
Dec. 31, 2023
USD ($)
Oct. 31, 2022
AUD ($)
Derivative contracts                        
Derivative notional amount                       $ 574
Gain (loss) on derivative         $ (7) $ (3) $ (8) $ (4)        
Discontinued operations disposed of by sale | Batu Hijau and Elang | Subsequent Event                        
Derivative contracts                        
Proceeds from sale of contingent consideration assets   $ 153                    
Stream Credit Facility Agreement | Not Designated as Hedging Instrument                        
Derivative contracts                        
Continental conversion option                     $ 276  
Derivative notional amount     $ 330   330   330          
Proceeds from settlement of SCFA     $ 180                  
Gain (loss) on derivative         $ 49   $ 49          
Stream Credit Facility Agreement | Not Designated as Hedging Instrument | Forecast                        
Derivative contracts                        
Proceeds from settlement of SCFA       $ 150                
Stream Credit Facility Agreement | Not Designated as Hedging Instrument | Other Current Assets                        
Derivative contracts                        
Continental conversion option                     113  
Stream Credit Facility Agreement | Not Designated as Hedging Instrument | Other Noncurrent Assets                        
Derivative contracts                        
Continental conversion option                     $ 163  
Foreign Exchange Forward, Cadia Block Caves And Cadia Tails | Designated Hedge | Cash Flow Hedges                        
Derivative contracts                        
Derivative notional amount                 $ 136      
Foreign Exchange Forward, Operating Mine Capital Expenditures | Designated Hedge | Cash Flow Hedges                        
Derivative contracts                        
Derivative notional amount                 $ 413 $ 105    
Cadia Power Purchase Agreement | Not Designated as Hedging Instrument                        
Derivative contracts                        
Derivative, term 15 years                      
Derivative, forecasted purchases, percent 0.40                      
Lundin Gold, Inc.                        
Derivative contracts                        
Ownership interest (as a percent)     32.00%   32.00%   32.00%   32.00% 32.00% 32.00%  
v3.24.2
DERIVATIVE INSTRUMENTS - Derivative Assets at Fair Value (Details) - Designated Hedge - Cash Flow Hedges - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative assets $ 106 $ 7
Derivative liabilities 2 0
Foreign Currency Cash Flow Hedges    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative assets 2 7
Cadia Power Purchase Agreement    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative assets 104 0
Derivative liabilities $ 2 $ 0
v3.24.2
DERIVATIVE INSTRUMENTS - Gain (Loss) on Derivatives (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Derivative contracts        
Gain (loss) on derivatives $ 7 $ 3 $ 8 $ 4
Interest Rate Contract        
Derivative contracts        
Gain (loss) on derivatives 7 1 8 2
Other comprehensive income (loss), gain (loss) reclassified, before tax (6)   (6)  
Foreign Exchange Contract        
Derivative contracts        
Gain (loss) on derivatives $ 0 $ 2 $ 0 $ 2
v3.24.2
DERIVATIVE INSTRUMENTS - Contingent Consideration (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Derivative contracts    
Contingent consideration assets $ 146 $ 211
Contingent consideration liabilities 8 8
Batu Hijau and Elang    
Derivative contracts    
Contingent consideration assets 96 161
Batu Hijau and Elang | Other Current Assets    
Derivative contracts    
Contingent consideration assets 69 76
Batu Hijau and Elang | Other Noncurrent Assets    
Derivative contracts    
Contingent consideration assets 27 85
Red Lake    
Derivative contracts    
Contingent consideration assets 39 39
Cerro Blanco    
Derivative contracts    
Contingent consideration assets 6 6
Triple Flag (previously Maverix)    
Derivative contracts    
Contingent consideration assets 4 4
Other Counterparty    
Derivative contracts    
Contingent consideration assets 1 1
Norte Abierto    
Derivative contracts    
Contingent consideration liabilities 3 3
Red Chris    
Derivative contracts    
Contingent consideration liabilities 3 3
Galore Creek    
Derivative contracts    
Contingent consideration liabilities $ 2 $ 2
v3.24.2
INVESTMENTS - Schedule of Investments (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Investments    
Current investments $ 50 $ 23
Total equity method investments $ 4,141 $ 4,143
Pueblo Viejo Mine    
Investments    
Ownership interest (as a percent) 40.00%  
Nueva Union Project    
Investments    
Ownership interest (as a percent) 50.00%  
Lundin Gold, Inc.    
Investments    
Ownership interest (as a percent) 32.00% 32.00%
Norte Abierto Project    
Investments    
Ownership interest (as a percent) 50.00%  
Restricted marketable debt securities    
Investments    
Non-current restricted investments $ 17 $ 21
Investments - current    
Investments    
Time deposits 28 0
Marketable equity securities, current 22 23
Current investments 50 23
Investments - noncurrent    
Investments    
Marketable equity securities, noncurrent 271 229
Equity method investments 3,870 3,914
Total equity method investments 4,141 4,143
Equity securities without readily determinable fair value, amount 25  
Investments - noncurrent | Pueblo Viejo Mine    
Investments    
Equity method investments 1,461 1,489
Investments - noncurrent | Nueva Union Project    
Investments    
Equity method investments 959 959
Investments - noncurrent | Lundin Gold, Inc.    
Investments    
Equity method investments 921 938
Investments - noncurrent | Norte Abierto Project    
Investments    
Equity method investments $ 529 $ 528
v3.24.2
INVESTMENTS - Narrative (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Investments          
Equity income (loss) of affiliates $ (3,000,000) $ 16,000,000 $ 4,000,000 $ 41,000,000  
Equity method investment, percentage of gold and silver purchased from investment 50.00%   50.00%    
Related Party | Pueblo Viejo Mine          
Investments          
Due to related parties $ 0   $ 0   $ 0
Due from related parties 0   0   0
Related Party | Lundin Gold, Inc.          
Investments          
Due to related parties 10,000,000   10,000,000   13,000,000
Pueblo Viejo Revolving Facility          
Investments          
Credit facility, amount outstanding 0   0    
Pueblo Viejo Mine          
Investments          
Equity income (loss) of affiliates (3,000,000) 15,000,000 14,000,000 36,000,000  
Share of loans included in investment 434,000,000   434,000,000   429,000,000
Interest receivable $ 21,000,000   $ 21,000,000   $ 14,000,000
Ownership interest (as a percent) 40.00%   40.00%    
Purchases $ 126,000,000 $ 104,000,000 $ 248,000,000 $ 221,000,000  
Lundin Gold, Inc.          
Investments          
Ownership interest (as a percent) 32.00%   32.00%   32.00%
Purchases $ 109,000,000   $ 189,000,000    
v3.24.2
INVENTORIES (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Inventory, net      
Materials and supplies $ 1,111   $ 1,247
In-process 109   160
Concentrate 155   134
Precious metals 92   122
Inventories $ 1,467   $ 1,663
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program      
Inventory, net      
Disposal group, including discontinued operation, inventory, other than stockpiles and ore on leach pads   $ 253  
v3.24.2
STOCKPILES AND ORE ON LEACH PADS - Schedule (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Stockpiles And Ore On Leach Pads      
Current stockpiles and ore on leach pads $ 681   $ 979
Non-current stockpiles and ore on leach pads 2,002   1,935
Stockpiles and ore on leach pads 2,683   2,914
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program      
Stockpiles And Ore On Leach Pads      
Disposal group, including discontinued operation, stockpiles and ore on leach pads   $ 586  
Stockpiles      
Stockpiles And Ore On Leach Pads      
Current stockpiles and ore on leach pads 516   746
Non-current stockpiles and ore on leach pads 1,844   1,532
Stockpiles and ore on leach pads 2,360   2,278
Ore on Leach Pads      
Stockpiles And Ore On Leach Pads      
Current stockpiles and ore on leach pads 165   233
Non-current stockpiles and ore on leach pads 158   403
Stockpiles and ore on leach pads $ 323   $ 636
v3.24.2
DEBT - Minimum Debt Repayments (Details)
$ in Millions
Jun. 30, 2024
USD ($)
Scheduled minimum debt repayments  
2024 (for the remainder of 2024) $ 0
2025 0
2026 928
2027 0
2028 0
Thereafter 8,096
Total face value of debt 9,024
Unamortized premiums, discounts, and issuance costs (332)
Net carrying amount $ 8,692
v3.24.2
DEBT - Additional Information (Details)
$ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended
Mar. 07, 2024
USD ($)
Feb. 20, 2024
USD ($)
Feb. 07, 2024
USD ($)
Jun. 30, 2024
USD ($)
bank
Jun. 30, 2024
USD ($)
bank
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
bank
Jun. 30, 2023
USD ($)
Feb. 15, 2024
USD ($)
Dec. 31, 2023
USD ($)
Apr. 04, 2019
USD ($)
Debt Instrument [Line Items]                      
Current maturities of long-term debt       $ 0 $ 0   $ 0     $ 1,923  
Gain (loss) on debt extinguishment, net         14 $ 0 14 $ 0      
Unamortized premiums, discounts, and issuance costs       332 332   332        
Senior Notes                      
Debt Instrument [Line Items]                      
Gain (loss) on debt extinguishment, net       20              
Unamortized premiums, discounts, and issuance costs       $ 3 $ 3   $ 3        
Bilateral Bank Debt Facilities                      
Debt Instrument [Line Items]                      
Line of credit facility, number of banks | bank       13 13   13        
Line of credit facility maximum borrowing capacity       $ 2,000 $ 2,000   $ 2,000        
Current maturities of long-term debt                   1,923  
Repayments of lines of credit     $ 462                
Repayment of debt   $ 1,461                  
Bilateral Bank Facility Due February 2024                      
Debt Instrument [Line Items]                      
Current maturities of long-term debt                   462  
Bilateral Bank Facility Due March 2024                      
Debt Instrument [Line Items]                      
Current maturities of long-term debt                   769  
Bilateral Bank Facility Due March 2026                      
Debt Instrument [Line Items]                      
Current maturities of long-term debt                   $ 692  
Corporate Revolving Credit Facility                      
Debt Instrument [Line Items]                      
Line of credit facility maximum borrowing capacity   $ 4,000             $ 4,000   $ 3,000
March 2024 Senior Notes | Senior Notes                      
Debt Instrument [Line Items]                      
Debt instrument principal amount $ 2,000                    
Proceeds from issuance of debt, net 1,980                    
2026 Senior Notes | Senior Notes                      
Debt Instrument [Line Items]                      
Debt instrument principal amount $ 1,000                    
Debt instrument, interest rate, stated percentage 5.30%                    
2034 Senior Notes | Senior Notes                      
Debt Instrument [Line Items]                      
Debt instrument principal amount $ 1,000                    
Debt instrument, interest rate, stated percentage 5.35%                    
v3.24.2
DEBT - Schedule of Debt Extinguishment (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Jun. 30, 2024
Mar. 07, 2024
Dec. 26, 2023
Dec. 31, 2021
Mar. 01, 2020
Sep. 30, 2019
Mar. 31, 2012
Interest Rate Contract                  
Debt Instrument [Line Items]                  
Other comprehensive income (loss), gain (loss) reclassified, before tax   $ (6) $ (6)            
Senior Notes                  
Debt Instrument [Line Items]                  
Settled notional amount $ 250                
Total repurchase amount 230 230 230            
Debt instrument, extinguished amount, interest 3 3 3            
Senior Notes | 2026 Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument principal amount       $ 1,000          
Debt instrument, interest rate, stated percentage       5.30%          
Settled notional amount 72                
Total repurchase amount 74 74 74            
Senior Notes | October 2029 Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument principal amount               $ 700  
Debt instrument, interest rate, stated percentage               2.80%  
Settled notional amount 3                
Total repurchase amount 3 3 3            
Senior Notes | May 2030 Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument principal amount         $ 650        
Debt instrument, interest rate, stated percentage         3.25%        
Settled notional amount 1                
Total repurchase amount 1 1 1            
Senior Notes | October 2030 Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument principal amount             $ 1,000    
Debt instrument, interest rate, stated percentage             2.25%    
Settled notional amount 36                
Total repurchase amount 31 31 31            
Senior Notes | July 2032 Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument principal amount           $ 1,000      
Debt instrument, interest rate, stated percentage           2.60%      
Settled notional amount 100                
Total repurchase amount 85 85 85            
Senior Notes | March 2042 Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument principal amount                 $ 1,000
Debt instrument, interest rate, stated percentage                 4.875%
Settled notional amount 38                
Total repurchase amount $ 36 $ 36 $ 36            
v3.24.2
OTHER LIABILITIES (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Other current liabilities:      
Reclamation and remediation liabilities   $ 578 $ 619
Accrued operating costs   439 473
Accrued capital expenditures   222 320
Other   478 543
Other current liabilities   1,819 2,362
Other non-current liabilities:      
Income and mining taxes   123 177
Other   124 139
Other long-term liabilities, total   247 316
Payment of stamp duty tax $ 291    
Newcrest Mining Limited      
Other current liabilities:      
Stamp duty on Newcrest transaction (3)   29 316
NGM      
Other current liabilities:      
Payables to NGM   $ 73 $ 91
NGM      
Other non-current liabilities:      
Ownership interest (as a percent)   38.50% 38.50%
Barrick Gold Corporation | NGM      
Other non-current liabilities:      
Ownership interest (as a percent)   61.50% 61.50%
v3.24.2
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​ - Components of AOCI (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]            
Balance at beginning of period $ 29,075 $ 29,205 $ 19,559 $ 19,533 $ 29,205 $ 19,533
Gain (loss) in other comprehensive income (loss) before reclassifications         (28)  
(Gain) loss reclassified from accumulated other comprehensive income (loss)         7  
Other comprehensive income (loss) 9 (30) (10) (6) (21) (16)
Balance at end of period 29,563 29,075 $ 19,415 $ 19,559 29,563 $ 19,415
Total            
AOCI Attributable to Parent, Net of Tax [Roll Forward]            
Balance at beginning of period   14     14  
Balance at end of period (7)       (7)  
Unrealized Gain (Loss) on Marketable Debt Securities            
AOCI Attributable to Parent, Net of Tax [Roll Forward]            
Balance at beginning of period   (1)     (1)  
Gain (loss) in other comprehensive income (loss) before reclassifications         0  
(Gain) loss reclassified from accumulated other comprehensive income (loss)         0  
Other comprehensive income (loss)         0  
Balance at end of period (1)       (1)  
Ownership Interest in Equity Method Investment            
AOCI Attributable to Parent, Net of Tax [Roll Forward]            
Balance at beginning of period   0     0  
Gain (loss) in other comprehensive income (loss) before reclassifications         (2)  
(Gain) loss reclassified from accumulated other comprehensive income (loss)         0  
Other comprehensive income (loss)         (2)  
Balance at end of period (2)       (2)  
Foreign Currency Translation Adjustments            
AOCI Attributable to Parent, Net of Tax [Roll Forward]            
Balance at beginning of period   121     121  
Gain (loss) in other comprehensive income (loss) before reclassifications         8  
(Gain) loss reclassified from accumulated other comprehensive income (loss)         0  
Other comprehensive income (loss)         8  
Balance at end of period 129       129  
Pension and Other Post-retirement Benefit Adjustments            
AOCI Attributable to Parent, Net of Tax [Roll Forward]            
Balance at beginning of period   (36)     (36)  
Gain (loss) in other comprehensive income (loss) before reclassifications         0  
(Gain) loss reclassified from accumulated other comprehensive income (loss)         0  
Other comprehensive income (loss)         0  
Balance at end of period (36)       (36)  
Unrealized Gain (Loss) on Hedge Instruments            
AOCI Attributable to Parent, Net of Tax [Roll Forward]            
Balance at beginning of period   $ (70)     (70)  
Gain (loss) in other comprehensive income (loss) before reclassifications         (34)  
(Gain) loss reclassified from accumulated other comprehensive income (loss)         7  
Other comprehensive income (loss)         (27)  
Balance at end of period $ (97)       $ (97)  
v3.24.2
NET CHANGE IN OPERATING ASSETS AND LIABILITIES (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 31, 2024
Jun. 30, 2024
Jun. 30, 2023
Decrease (increase) in operating assets:      
Trade and other receivables    $ (224) $ 175
Inventories, stockpiles and ore on leach pads    (378) (261)
Other assets    56 15
Increase (decrease) in operating liabilities:      
Accounts payable   (123) (84)
Reclamation and remediation liabilities    (166) (111)
Accrued tax liabilities   142 (91)
Other accrued liabilities   (236) (112)
Net change in operating assets and liabilities   $ (929) $ (469)
Payment of stamp duty tax $ 291    
v3.24.2
COMMITMENTS AND CONTINGENCIES - Environmental Matters (Details)
$ in Millions
 6 Months Ended 12 Months Ended
Jun. 30, 2024
USD ($)
plant
Dec. 31, 2023
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Loss contingencies        
Number of operational water treatment plants | plant 5      
Number of water treatment plants to be constructed | plant 2      
Remediation liability $ 359 $ 401 $ 363 $ 373
Porcupine        
Loss contingencies        
Higher estimated closure costs arising from new closure requirements   $ 46    
CC&V        
Loss contingencies        
Remediation liability       $ 20
Midnite mine and Dawn mill sites        
Loss contingencies        
Remediation liability $ 192      
Remediation liability assumed (in percent) 100.00%      
Minera Yanacocha        
Loss contingencies        
Noncontrolling interest, ownership percentage by parent 100.00%      
CC&V        
Loss contingencies        
Noncontrolling interest, ownership percentage by parent 100.00%      
Dawn Mining Company        
Loss contingencies        
Noncontrolling interest, ownership percentage by parent 58.19%      
Goldcorp        
Loss contingencies        
Noncontrolling interest, ownership percentage by parent 100.00%      
Cadia        
Loss contingencies        
Noncontrolling interest, ownership percentage by parent 100.00%      
v3.24.2
COMMITMENTS AND CONTINGENCIES - Other Legal Matters (Details)
$ in Thousands
 1 Months Ended
Apr. 29, 2024
USD ($)
Jan. 09, 2024
USD ($)
Aug. 16, 2021
USD ($)
Dec. 24, 2018
plaintiff
co-defendant
Feb. 26, 2014
USD ($)
Sep. 24, 2012
USD ($)
Apr. 08, 2008
Aug. 31, 2020
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Sep. 30, 2007
Loss contingencies                      
Letters of credit surety bonds and bank guarantees, outstanding                 $ 2,262,000 $ 2,123,000  
Mining and mineral rights | Holt option                      
Loss contingencies                      
Purchase of option for mining and mineral rights               $ 75,000      
Pending Litigation | Labrador                      
Loss contingencies                      
Uranium mining moratorium term             3 years        
Kirkland Royalty Matter | Pending Litigation                      
Loss contingencies                      
Damages sought     $ 350,000                
NWG New York Case | Pending Litigation                      
Loss contingencies                      
Damages sought           $ 750,000          
NWG Ontario Complaint                      
Loss contingencies                      
Loss contingency, damages awarded, value $ 30 $ 500                  
NWG Ontario Complaint | Pending Litigation                      
Loss contingencies                      
Damages sought         $ 1,200,000            
Ghana Parliament Cases                      
Loss contingencies                      
Number of plaintiffs | plaintiff       2              
Number of co-defendants | co-defendant       33              
Newmont Corporation, Newmont Canada Corporation, And Newmont Canada FN Holdings ULC                      
Loss contingencies                      
Noncontrolling interest, ownership percentage by parent                 100.00%    
NewWest Gold | N W G Investments Inc                      
Loss contingencies                      
Noncontrolling interest, ownership percentage by parent                     86.00%
N W G Investments Inc | Jacob Safra                      
Loss contingencies                      
Noncontrolling interest, ownership percentage by parent                     100.00%
Aurora | Fronteer                      
Loss contingencies                      
Noncontrolling interest, ownership percentage by parent                     47.00%
Newmont Ghana Gold Limited and Newmont Golden Ridge Limited                      
Loss contingencies                      
Noncontrolling interest, ownership percentage by parent                 100.00%    
v3.24.2
COMMITMENTS AND CONTINGENCIES - Other Commitments and Contingences (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]    
Letters of credit surety bonds and bank guarantees, outstanding $ 2,262 $ 2,123