NEWMONT CORP /DE/, 10-Q filed on 7/20/2023
Quarterly Report
v3.23.2
Cover - shares
 6 Months Ended
Jun. 30, 2023
Jul. 13, 2023
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2023  
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 $1.60 per share  
Trading Symbol NEM  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   794,732,443
Entity Central Index Key 0001164727  
Amendment Flag false  
Document Fiscal Year Focus 2023  
Document Fiscal Period Focus Q2  
Current Fiscal Year End Date --12-31  
v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Sales (Note 4) $ 2,683 $ 3,058 $ 5,362 $ 6,081
Costs and expenses:        
Costs applicable to sales [1] 1,543 1,708 3,025 3,143
Depreciation and amortization 486 559 947 1,106
Reclamation and remediation (Note 5) 66 49 132 110
Exploration 66 62 114 100
Advanced projects, research and development 44 45 79 89
General and administrative 71 73 145 137
Other expense, net (Note 6) 41 22 49 57
Total costs and expenses 2,317 2,518 4,491 4,742
Other income (expense):        
Other income (loss), net (Note 7) (17) (75) 82 (184)
Interest expense, net of capitalized interest (49) (57) (114) (119)
Total other income (expense) (66) (132) (32) (303)
Income (loss) before income and mining tax and other items 300 408 839 1,036
Income and mining tax benefit (expense) (Note 8) (163) (33) (376) (247)
Equity income (loss) of affiliates (Note 11) 16 17 41 56
Net income (loss) from continuing operations 153 392 504 845
Net income (loss) from discontinued operations 2 8 14 24
Net income (loss) 155 400 518 869
Net loss (income) attributable to noncontrolling interests (Note 1) 0 (13) (12) (34)
Net income (loss) attributable to Newmont stockholders 155 387 506 835
Net income (loss) attributable to Newmont stockholders:        
Continuing operations 153 379 492 811
Discontinued operations 2 8 14 24
Net income (loss) attributable to Newmont stockholders $ 155 $ 387 $ 506 $ 835
Weighted average common shares:        
Basic (in shares) 795 794 794 793
Effect of employee stock-based awards (in shares) 0 1 1 2
Diluted (in shares) 795 795 795 795
Basic:        
Continuing operations (in dollars per share) $ 0.19 $ 0.48 $ 0.62 $ 1.02
Discontinued operations (in dollars per share) 0 0.01 0.02 0.03
Net income (loss) per common share, basic (in dollars per share) 0.19 0.49 0.64 1.05
Diluted:        
Continuing operations (in dollars per share) 0.19 0.48 0.62 1.02
Discontinued operations (in dollars per share) 0 0.01 0.02 0.03
Net income (loss) per common share, diluted (in dollars per share) $ 0.19 $ 0.49 $ 0.64 $ 1.05
[1] Excludes Depreciation and amortization and Reclamation and remediation.
v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ 155 $ 400 $ 518 $ 869
Other comprehensive income (loss):        
Change in marketable securities, net of tax 0 (1) (1) (2)
Foreign currency translation adjustments  (4) 2 (5) 1
Change in pension and other post-retirement benefits, net of tax (2) (1) (3) 121
Reclassification of (gain) loss on cash flow hedges from accumulated other comprehensive income (loss), net of tax (4) 1 (7) 2
Other comprehensive income (loss) (10) 1 (16) 122
Comprehensive income (loss) 145 401 502 991
Comprehensive income (loss) attributable to:        
Newmont stockholders  145 388 490 957
Noncontrolling interests 0 13 12 34
Comprehensive income (loss) $ 145 $ 401 $ 502 $ 991
v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 2,829 $ 2,877
Time deposits and other investments (Note 11) 409 880
Trade receivables (Note 4) 185 366
Inventories (Note 12) 1,111 979
Stockpiles and ore on leach pads (Note 13) 858 774
Other current assets 742 639
Current assets 6,134 6,515
Property, plant and mine development, net 24,284 24,073
Investments (Note 11) 3,172 3,278
Stockpiles and ore on leach pads (Note 13) 1,737 1,716
Deferred income tax assets 166 173
Goodwill 1,971 1,971
Other non-current assets 669 756
Total assets 38,133 38,482
LIABILITIES    
Accounts payable 565 633
Employee-related benefits 313 399
Income and mining taxes payable 155 199
Lease and other financing obligations 96 96
Other current liabilities (Note 15) 1,564 1,599
Current liabilities 2,693 2,926
Debt (Note 14) 5,574 5,571
Lease and other financing obligations 441 465
Reclamation and remediation liabilities (Note 5) 6,604 6,578
Deferred income tax liabilities 1,795 1,809
Employee-related benefits 399 342
Silver streaming agreement 786 828
Other non-current liabilities (Note 15) 426 430
Total liabilities 18,718 18,949
Commitments and contingencies (Note 18)
EQUITY    
Common stock 1,281 1,279
Treasury stock (261) (239)
Additional paid-in capital 17,407 17,369
Accumulated other comprehensive income (loss) (Note 16) 13 29
Retained earnings (accumulated deficit) 785 916
Newmont stockholders' equity 19,225 19,354
Noncontrolling interests 190 179
Total equity 19,415 19,533
Total liabilities and equity $ 38,133 $ 38,482
v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Operating activities:        
Net income (loss) $ 155 $ 400 $ 518 $ 869
Non-cash adjustments:        
Depreciation and amortization 486 559 947 1,106
Net loss (income) from discontinued operations (2) (8) (14) (24)
Reclamation and remediation     120 103
Stock-based compensation     42 40
(Gain) loss on asset and investment sales, net (Note 7)     (36) 35
Deferred income taxes     21 (111)
Change in fair value of investments (Note 7)     1 96
Charges from pension settlement (Note 7)     0 130
Other non-cash adjustments     7 (20)
Net change in operating assets and liabilities (Note 17)     (469) (502)
Net cash provided by (used in) operating activities of continuing operations     1,137 1,722
Net cash provided by (used in) operating activities of discontinued operations     7 15
Net cash provided by (used in) operating activities     1,144 1,737
Investing activities:        
Additions to property, plant and mine development  (616) (519) (1,142) (956)
Proceeds from maturities of investments     981 0
Purchases of investments     (542) (8)
Proceeds from asset and investment sales     214 41
Contributions to equity method investees     (64) (91)
Return of investment from equity method investees     30 39
Other      23 (59)
Net cash provided by (used in) investing activities      (500) (1,034)
Financing activities:        
Dividends paid to common stockholders     (636) (873)
Funding from noncontrolling interests     75 56
Distributions to noncontrolling interests     (66) (103)
Payments on lease and other financing obligations     (32) (34)
Payments for withholding of employee taxes related to stock-based compensation     (22) (36)
Acquisition of noncontrolling interests (Note 1)     0 (348)
Repayment of debt     0 (89)
Other     (3) 10
Net cash provided by (used in) financing activities     (684) (1,417)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (4) (9)
Net change in cash, cash equivalents and restricted cash     (44) (723)
Cash, cash equivalents and restricted cash at beginning of period      2,944 5,093
Cash, cash equivalents and restricted cash at end of period  2,900 4,370 2,900 4,370
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 2,829 4,307 2,829 4,307
Restricted cash included in Other current assets 1 0 1 0
Restricted cash included in Other non-current assets 70 63 70 63
Total cash, cash equivalents and restricted cash $ 2,900 $ 4,370 $ 2,900 $ 4,370
v3.23.2
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
Changes in Equity              
Balance at beginning of period (in shares)     (5)        
Balance at beginning of period (in shares) at Dec. 31, 2021   797          
Balance at beginning of period at Dec. 31, 2021 $ 21,813 $ 1,276 $ (200) $ 17,981 $ (133) $ 3,098 $ (209)
Changes in Equity              
Net income (loss) 469         448 21
Other comprehensive income (loss)  121       121    
Dividends declared [1] (439)         (439)  
Distributions declared to noncontrolling interests (59)           (59)
Cash calls requested from noncontrolling interests 30           30
Withholding of employee taxes related to stock-based compensation (in shares)     (1)        
Withholding of employee taxes related to stock-based compensation (36)   $ (36)        
Acquisition of noncontrolling interests (300)     (699)     399
Stock options exercised 14     14      
Stock-based awards and related share issuances (in shares)   2          
Stock-based awards and related share issuances 18 $ 2   16      
Balance at end of period (in shares) at Mar. 31, 2022   799          
Balance at end of period at Mar. 31, 2022 21,631 $ 1,278 (236) 17,312 (12) 3,107 182
Contingently redeemable noncontrolling interest, Balance at beginning of period at Dec. 31, 2021 48            
Contingently Redeemable Noncontrolling Interest              
Reclassification of contingently redeemable noncontrolling interests (Note 1) (48)            
Contingently redeemable noncontrolling interest, Balance at end of period at Mar. 31, 2022 0            
Balance at beginning of period (in shares) at Dec. 31, 2021   797          
Balance at beginning of period at Dec. 31, 2021 21,813 $ 1,276 (200) 17,981 (133) 3,098 (209)
Changes in Equity              
Other comprehensive income (loss)  122            
Balance at end of period (in shares) at Jun. 30, 2022   799          
Balance at end of period at Jun. 30, 2022 21,599 $ 1,278 $ (236) 17,334 (11) 3,056 178
Contingently redeemable noncontrolling interest, Balance at beginning of period at Dec. 31, 2021 48            
Contingently redeemable noncontrolling interest, Balance at end of period at Jun. 30, 2022 0            
Changes in Equity              
Balance at beginning of period (in shares)     (6)        
Balance at beginning of period (in shares) at Mar. 31, 2022   799          
Balance at beginning of period at Mar. 31, 2022 21,631 $ 1,278 $ (236) 17,312 (12) 3,107 182
Changes in Equity              
Net income (loss) 400         387 13
Other comprehensive income (loss)  1       1    
Dividends declared [1] (438)         (438)  
Distributions declared to noncontrolling interests (45)           (45)
Cash calls requested from noncontrolling interests 28           28
Stock-based awards and related share issuances 22 $ 0   22      
Balance at end of period (in shares) at Jun. 30, 2022   799          
Balance at end of period at Jun. 30, 2022 21,599 $ 1,278 $ (236) 17,334 (11) 3,056 178
Contingently redeemable noncontrolling interest, Balance at beginning of period at Mar. 31, 2022 0            
Contingently redeemable noncontrolling interest, Balance at end of period at Jun. 30, 2022 0            
Changes in Equity              
Balance at beginning of period (in shares)     (6)        
Balance at beginning of period (in shares)     (6)        
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
Changes in Equity              
Net income (loss) 363         351 12
Other comprehensive income (loss)  (6)       (6)    
Dividends declared [2] (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
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
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
Changes in Equity              
Balance at beginning of period (in shares)     (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
Changes in Equity              
Net income (loss) 155         155  
Other comprehensive income (loss)  (10)       (10)    
Dividends declared (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
Changes in Equity              
Balance at beginning of period (in shares)     (7)        
[1] Cash dividends paid per common share were $0.55 and $1.10 for the three and six months ended June 30, 2022.
[2] Cash dividends paid per common share were $0.40 and $0.80 for the three and six months ended June 30, 2023, respectively.The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.
v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]        
Cash dividends declared per common share (in dollars per share) $ 0.40 $ 0.55 $ 0.80 $ 1.10
v3.23.2
BASIS OF PRESENTATION
 6 Months Ended
Jun. 30, 2023
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, 2022 filed on February 23, 2023 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 May 14, 2023, the Company entered into a binding Scheme Implementation Deed (the “Transaction Agreement”) to acquire all of the issued and outstanding ordinary shares of Newcrest Mining Limited ("Newcrest") in a stock transaction, by way of an Australian court-approved Scheme of Arrangement (the “Scheme”, and such acquisition, the “Proposed Newcrest Transaction”). Under the terms of the Transaction Agreement, Newcrest shareholders will receive 0.400 of a share of Newmont’s common stock for each Newcrest common share and a special dividend of up to $1.10 per share, to be paid by Newcrest immediately prior to the consummation of the Proposed Newcrest Transaction. The Proposed Newcrest Transaction, which is subject to approval by both Newmont stockholders and Newcrest shareholders and other customary conditions and regulatory approvals, is expected to close in the fourth quarter of 2023.
Noncontrolling interests
Net loss (income) attributable to noncontrolling interest is comprised of income, primarily related to Suriname Gold project C.V. (“Merian”), of $— and $13 for the three months ended June 30, 2023 and 2022, respectively, and $12 and $34 for the six months ended June 30, 2023 and 2022, respectively. 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.
Yanacocha transaction
In February 2022, the Company completed the acquisition of Compañia de Minas Buenaventura S.A.A. (“Buenaventura”) 43.65% noncontrolling interest in Yanacocha for $300 cash consideration, certain royalties on any production from other future potential projects, and contingent payments of up to $100 tied to higher metal prices, achieving commercial production at the Yanacocha Sulfides project and resolution on the outstanding Yanacocha tax dispute. Concurrently, the Company sold its 46.94% ownership interest in Minera La Zanja S.R.L. ("La Zanja") for a $45 loss on sale of its equity interest, included in Other income (loss), net. Additionally, in June 2022, the Company acquired the remaining 5% interest held by Sumitomo in exchange for cash consideration of $48, resulting in the Company obtaining 100% ownership interest in Yanacocha.
v3.23.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Risks and Uncertainties
The Company continues to experience the impacts from 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 relating to the Russian invasion of Ukraine and the COVID-19 pandemic, as well as an uncertain and evolving labor market. Additionally, in early 2023 the banking industry experienced adversity including bank failures, take-overs, and entrance into receivership or insolvency, amongst other events. While the Company has not experienced any impacts from these recent events, further instability in the banking system could put the liquidity of Newmont and third parties with which we do business at risk. The Company maintains strict adherence to its cash investment policies which focus on highly rated investments and capital preservation mechanisms to achieve the Company’s strategic objectives.
These 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, as well as potential impacts to estimated costs and timing of projects.
In June 2023, the Company announced the deferral of the full-funds investment decision for the Yanacocha Sulfides project in Peru for at least two years to the second half of 2026. The delay of the Yanacocha Sulfides project is intended to focus funds on current operations and other capital commitments while management assesses execution and project options, up to and including transitioning Yanacocha operations into full closure. To the extent that assessment determines that the project is no longer sufficiently profitable or economically feasible under the Company’s internal requirements, it would result in negative modifications to our proven and probable reserves. Additionally, should the Company ultimately decide to forgo the development of Yanacocha Sulfides, the current
carrying value of the assets under construction and other long-lived assets of the Yanacocha operations could become impaired and the timing of certain closure activities would be accelerated. As of June 30, 2023, the Yanacocha operations have total long-lived assets of approximately $1,110, inclusive of approximately $744 of assets under construction related to Yanacocha Sulfides. Refer also to our risk factors under the titles "Estimates relating to projects and mine plans of existing operations are uncertain and we may incur higher costs and lower economic returns than estimated” and "Our long-lived assets and goodwill could become impaired, which could have a material non-cash adverse effect on our results of operations” included in Part I of the Company's Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on February 23, 2023, for further information.
Additionally, the Company continues to hold the Conga project in Peru, which we do not currently anticipate developing in the next ten years as we continue to assess Yanacocha Sulfides; accordingly, the Conga project remains in care and maintenance. Should we be unable to develop the Conga project or conclude that future development is not in the best interest of the business, we may consider other alternatives for the project, which may result in a future impairment charge for the remaining assets. The total assets at Conga were $897 at June 30, 2023.
On June 7, 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 has suspended operations at Peñasquito. As of the date of this report filing, operations have not resumed and the Company is in ongoing discussions with the Union.
The Company will continue to monitor and evaluate the potential impacts of the current and ongoing inflationary pressures and supply chain disruptions. Depending on the duration and extent of ongoing global developments and inflationary conditions, these factors could materially impact the Company’s results of operations, cash flows and financial condition and could result in material impairment charges to the Company’s Property, plant and mine development, net; Inventories; Stockpiles and ore on leach pads; Investments; Deferred income tax assets; and Goodwill.
Refer to Note 18 below for further information on risks and uncertainties that could have a potential impact on the Company as well as Note 2 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, 2022 filed with the SEC on February 23, 2023.
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the accounting for and recognition and disclosure of assets, liabilities, equity, revenues and expenses. The Company must make these estimates and assumptions because certain information used is dependent on future events, cannot be calculated with a high degree of precision from data available or simply cannot be readily calculated based on generally accepted methodologies. Actual results could differ from these estimates.
Reclassifications
Certain amounts and disclosures in prior years have been reclassified to conform to the current year presentation.
Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules
Inflation Reduction Act
In August 2022, the U.S. government enacted the Inflation Reduction Act of 2022 (the "IRA") into law. The IRA introduced an excise tax on stock repurchases of 1% of the fair market value of stock repurchases net of stock issued during the tax year and a corporate alternative minimum tax (the "Corporate AMT") of 15% on the adjusted financial statement income ("AFSI") of corporations with average AFSI exceeding $1 billion over a three-year period. The excise tax on stock repurchases is effective on net stock repurchases made after December 31, 2022 and the Corporate AMT is effective for tax periods beginning in fiscal year 2023. While waiting on pending Department of Treasury regulatory guidance, the Company is continuing to monitor developments. Based upon information known to date, the IRA had no material impact on our current consolidated financial statements and is not expected to have a material impact on future consolidated financial statements, disclosures, or cash flows.
Recently Issued Accounting Pronouncements and Federal Laws
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 is in the process of reviewing key contracts to identify any contracts that reference the LIBOR and to implement adequate fallback provisions if not already implemented to mitigate the risks or impacts from the transition. No material impacts are expected to the consolidated financial statements or disclosures.
v3.23.2
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2023
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"). In January 2023, Newmont reassessed and revised its operating strategies and the accountabilities of the senior leadership team in light of the continuing volatile and uncertain market conditions. Following these changes, the Company reevaluated its segments to reflect certain changes in the financial information regularly reviewed by the CODM. As a result, the Company determined that its reportable segments were each of its 12 mining operations and its 38.5% interest in Nevada Gold Mines ("NGM"), which is accounted for using the proportionate consolidation method. Segment results for the prior periods have been recast to reflect the change in reportable segments.
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, 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. During this period, the Company continued to incur costs and reported $6 and $2 in Cost applicable to sales and Depreciation and amortization, respectively. The Company expects operations to fully resume during the third quarter of 2023.
(3)On June 7, 2023, the Company suspended its operations at Peñasquito due to the Union strike as discussed in Note 2. During this period, the Company continued to incur costs and reported $23 and $15 in Cost applicable to sales and Depreciation and amortization, respectively.
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, 2022
CC&V$85 $49 $16 $3 $6 $14 
Musselwhite73 53 20 2 — 12 
Porcupine125 71 25 4 28 40 
Éléonore87 71 27 1 (13)13 
Peñasquito: (2)
Gold230 127 34 
Silver140 155 42 
Lead28 29 8 
Zinc92 94 22 
Total Peñasquito490 405 106 6 (44)48 
Merian178 94 20 6 58 13 
Cerro Negro
145 71 42 4 15 32 
Yanacocha128 73 21 5 6 90 
Boddington:
Gold429 181 33 
Copper76 49 9 
Total Boddington505 230 42 2 245 17 
Tanami249 84 26 7 153 94 
Ahafo253 129 42 7 75 78 
Akyem203 76 33 4 89 8 
NGM537 302 127 9 91 72 
Corporate and Other— — 12 47 (301)6 
Consolidated$3,058 $1,708 $559 $107 $408 $537 
____________________________
(1)Includes an increase in accrued capital expenditures of $18. Consolidated capital expenditures on a cash basis were $519.
(2)Costs applicable to sales includes amounts resulting from the profit-sharing agreement completed with the Peñasquito workforce during the second quarter of 2022. Under the agreement, the Company agreed to pay its workforce an uncapped profit-sharing bonus each year, based on the agreed upon terms. Additionally, the terms of the agreement are retroactively applied to profit-sharing related to 2021 site performance, resulting in $70 recorded within Costs applicable to sales in the second quarter of 2022. The amounts related to the 2021 profit-sharing were paid in the third quarter of 2022.
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. During this period, the Company continued to incur costs and reported $6 and $2 in Cost applicable to sales and Depreciation and amortization, respectively. The Company expects operations to fully resume during the third quarter of 2023.
(3)On June 7, 2023, the Company suspended its operations at Peñasquito due to the Union strike as discussed in Note 2. During this period, the Company continued to incur costs and reported $23 and $15 in Cost applicable to sales and Depreciation and amortization, respectively.
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, 2022
CC&V$153 $101 $32 $4 $3 $18 
Musselwhite133 96 36 3 (3)18 
Porcupine239 137 47 7 45 76 
Éléonore181 133 56 1 (14)23 
Peñasquito: (2)
Gold482 214 73 
Silver296 252 86 
Lead72 51 18 
Zinc302 180 57 
Total Peñasquito1,152 697 234 11 197 88 
Merian373 181 42 9 139 24 
Cerro Negro
267 134 81 7 23 60 
Yanacocha255 140 46 6 13 146 
Boddington:
Gold810 343 61 
Copper175 95 17 
Total Boddington985 438 78 3 478 35 
Tanami435 149 48 13 231 178 
Ahafo455 235 73 11 142 137 
Akyem372 143 63 8 156 20 
NGM1,081 559 252 15 244 138 
Corporate and Other— — 18 91 (618)22 
Consolidated$6,081 $3,143 $1,106 $189 $1,036 $983 
____________________________
(1)Includes an increase in accrued capital expenditures of $27; consolidated capital expenditures on a cash basis were $956.
(2)Costs applicable to sales includes amounts resulting from the profit-sharing agreement completed with the Peñasquito workforce during the second quarter of 2022. Under the agreement, the Company agreed to pay its workforce an uncapped profit-sharing bonus each year, based on the agreed upon terms. Additionally, the terms of the agreement are retroactively applied to profit-sharing related to 2021 site performance, resulting in $70 recorded within Costs applicable to sales in the second quarter of 2022. The amounts related to the 2021 profit-sharing were paid in the third quarter of 2022.
v3.23.2
SALES
 6 Months Ended
Jun. 30, 2023
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, 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
Three Months Ended June 30, 2022
CC&V$85 $— $85 
Musselwhite 73 — 73 
Porcupine 125 — 125 
Éléonore 87 — 87 
Peñasquito:
Gold25 205 230 
Silver (1)
— 140 140 
Lead— 28 28 
Zinc— 92 92 
Total Peñasquito25 465 490 
Merian178 — 178 
Cerro Negro 145 — 145 
Yanacocha129 (1)128 
Boddington:
Gold107 322 429 
Copper— 76 76 
Total Boddington107 398 505 
Tanami249 — 249 
Ahafo253 — 253 
Akyem203 — 203 
NGM (2)
521 16 537 
Consolidated$2,180 $878 $3,058 
____________________________
(1)Silver sales from concentrate includes $20 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 $525 for the three months ended June 30, 2022.
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.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Six Months Ended June 30, 2022
CC&V$148 $5 $153 
Musselwhite 133 — 133 
Porcupine 239 — 239 
Éléonore 181 — 181 
Peñasquito:
Gold56 426 482 
Silver (1)
— 296 296 
Lead— 72 72 
Zinc— 302 302 
Total Peñasquito56 1,096 1,152 
Merian373 — 373 
Cerro Negro 267 — 267 
Yanacocha256 (1)255 
Boddington:
Gold198 612 810 
Copper— 175 175 
Total Boddington198 787 985 
Tanami435 — 435 
Ahafo455 — 455 
Akyem372 — 372 
NGM (2)
1,050 31 1,081 
Consolidated$4,163 $1,918 $6,081 
____________________________
(1)Silver sales from concentrate includes $39 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 $1,051 for the six months ended June 30, 2022.
Trade Receivables and Provisional Sales
At June 30, 2023 and December 31, 2022, Trade receivables primarily consisted of sales from provisionally priced concentrate and other production. The impact to Sales from revenue recognized due to the changes in pricing on provisional sales is a decrease of $(22) and $(105) for the three months ended June 30, 2023 and 2022, respectively, and a decrease of $— and $(47) for the six months ended June 30, 2023 and 2022, respectively.
At June 30, 2023, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months:
GoldCopperSilverLeadZinc
(ounces,
in thousands)		(pounds,
in millions)		(ounces,
in thousands)		(pounds,
in millions)		(pounds,
in millions)
Provisionally priced sales subject to final pricing (1)
148361,966 2647
Average provisional price, per measure$1,926 $3.72 $22.84 $0.95 $1.08 
____________________________
(1)Includes provisionally priced by-product sales subject to final pricing, which are recognized in Costs applicable to sales.
v3.23.2
RECLAMATION AND REMEDIATION
 6 Months Ended
Jun. 30, 2023
Environmental Remediation Obligations [Abstract]  
RECLAMATION AND REMEDIATION RECLAMATION AND REMEDIATIONThe 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,
2023202220232022
Reclamation adjustments and other$6 $1 $8 $2 
Reclamation accretion59 43 119 86 
Reclamation expense65 44 127 88 
Remediation adjustments and other(1)3 1 19 
Remediation accretion2 2 4 3 
Remediation expense1 5 5 22 
Reclamation and remediation$66 $49 $132 $110 
The following are reconciliations of Reclamation and remediation liabilities:
Reclamation
Remediation (1)
2023202220232022
Balance at January 1,$6,731 $5,768 $373 $344 
Additions, changes in estimates and other (1)
1 13 (2)13 
Payments, net(99)(78)(12)(23)
Accretion expense 119 86 4 3 
Balance at June 30,
$6,752 $5,789 $363 $337 
____________________________
(1)The $13 addition for the six months ended June 30, 2022 is due to expected higher waste disposal costs at Midnite Mine.

At June 30, 2023At December 31, 2022
ReclamationRemediationTotalReclamationRemediationTotal
Current (1)
$467 $44 $511 $482 $44 $526 
Non-current (2)
6,285 319 6,604 6,249 329 6,578 
Total (3)
$6,752 $363 $7,115 $6,731 $373 $7,104 
____________________________
(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 $3,707 and $3,722 related to Yanacocha at June 30, 2023 and December 31, 2022, respectively.
The Company is also involved in several matters concerning environmental remediation obligations associated with former, primarily historic, mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. The amounts accrued are reviewed periodically based upon facts and circumstances available at the time. Changes in estimates are recorded in Other current liabilities and Reclamation and remediation liabilities in the period estimates are revised.
Included in Other non-current assets at June 30, 2023 and December 31, 2022 are $64 and $62, respectively, of non-current restricted cash held for purposes of settling reclamation and remediation obligations. The amounts at June 30, 2023 and December 31, 2022 primarily relate to Ahafo and Akyem.
Included in Other non-current assets at June 30, 2023 and December 31, 2022 are $32 and $35, respectively, of non-current restricted investments, which are legally pledged for purposes of settling reclamation and remediation obligations. The amounts at June 30, 2023 and December 31, 2022 primarily relate to San Jose Reservoir at Yanacocha.
Refer to Note 18 for further discussion of reclamation and remediation matters.
v3.23.2
OTHER EXPENSE, NET
 6 Months Ended
Jun. 30, 2023
Operating Costs and Expenses [Abstract]  
OTHER EXPENSE, NET OTHER EXPENSE, NET
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Newcrest transaction-related costs (1)
$21 $— $21 $— 
Restructuring and severance10 — 12 1 
Impairment charges4 2 8 2 
COVID-19 specific costs (2)
— 10 — 27 
Settlement costs— 5 — 18 
Other6 5 8 9 
Other expense, net$41 $22 $49 $57 
____________________________
(1)Primarily represents costs incurred related to the Proposed Newcrest Transaction in the second quarter of 2023. Refer to Note 1 for further information.
(2)Beginning January 1, 2023, COVID-19 specific costs incurred in the ordinary course of business are recognized in Costs applicable to sales.
v3.23.2
OTHER INCOME (LOSS), NET
 6 Months Ended
Jun. 30, 2023
Other Income, Nonoperating [Abstract]  
OTHER INCOME (LOSS), NET OTHER INCOME (LOSS), NET
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Interest income$37 $11 $73 $16 
Gain (loss) on asset and investment sales, net (1)
— — 36 (35)
Foreign currency exchange, net(11)27 (22)28 
Change in fair value of investments(42)(135)(1)(96)
Pension settlement (2)
— — — (130)
Other(1)22 (4)33 
Other income (loss), net$(17)$(75)$82 $(184)
____________________________
(1)For the six months ended June 30, 2023, primarily consists of the gain recognized on the exchange of the previously held Maverix Metals, Inc. ("Maverix") investment for the Triple Flag Precious Metals Corporation ("Triple Flag") investment in January 2023, partially offset by the loss on the sale of the Triple Flag investment in March 2023. Refer to Note 11 for further information. For the six months ended June 30, 2022, primarily consists of the loss recognized on the sale of the La Zanja equity method investment. Refer to Note 1 for further information.
(2)Primarily relates to the non-cash pension settlement charges of $130 resulting from the Company executing an annuitization to transfer a portion of the pension plan obligations from the Company's U.S. qualified defined benefit pension plans to an insurance company using plan assets during the first quarter of 2022.
v3.23.2
INCOME AND MINING TAXES
 6 Months Ended
Jun. 30, 2023
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)
2023202220232022
Income (loss) before income and mining tax and other items$300 $408 $839 $1,036 
U.S. federal statutory tax rate21 %$63 21 %$86 21 %$176 21 %$218 
Reconciling items:
Change in valuation allowance on deferred tax assets16 48 9 37 7 57 

5 49 
Foreign rate differential10 32 12 50 9 75 12 119 
Mining and other taxes (net of associated federal benefit)7 20 6 22 6 49 6 59 
Tax impact of foreign exchange 1 3 (6)(23)2 21 (3)(26)
Mexico Tax Settlement (2)
— — (31)(125)— — (12)(125)
Other(1)(3)(3)(14)— (2)(5)(47)
Income and mining tax expense (benefit)54 %$163 8 %$33 45 %$376 24 %$247 
____________________________
(1)Tax rates may not recalculate due to rounding.
(2)Following the framework established with the Mexican Tax Authority in the fourth quarter of 2021, a full settlement was entered into during the second quarter of 2022, which resulted in a net tax benefit of $125, primarily consisting of a reduction in the related uncertain tax position of $95.
v3.23.2
FAIR VALUE ACCOUNTING
 6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
FAIR VALUE ACCOUNTING FAIR VALUE ACCOUNTING
The following tables set forth the Company’s assets and liabilities measured at fair value on a recurring (at least annually) or nonrecurring basis by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Refer to Note 13 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, 2022 filed with the SEC on February 23, 2023 for further information on the Company's assets and liabilities included in the fair value hierarchy presented below.
Fair Value at June 30, 2023
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$2,829 $2,829 $— $— 
Restricted cash71 71 — — 
Time deposits and other (Note 11)
380 — 380 — 
Trade receivable from provisional sales, net 185 — 185 — 
Marketable equity securities (Note 11)
253 244 9 — 
Restricted marketable debt securities (Note 11)
24 21 3 — 
Restricted other assets (Note 11)
8 8 — — 
Contingent consideration assets (Note 10)
187 — — 187 
Derivative assets (Note 10)
11 — 11 — 
$3,948 $3,173 $588 $187 
Liabilities:
Debt (2)
$5,199 $— $5,199 $— 
Contingent consideration liabilities (Note 10)
5 — — 5 
Derivative liabilities (Note 10)
8 — 8 — 
$5,212 $— $5,207 $5 
Fair Value at December 31, 2022
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$2,877 $2,877 $— $— 
Restricted cash67 67 — — 
Time deposits and other (Note 11)
846 — 846 — 
Trade receivable from provisional sales, net 364 — 364 — 
Long-lived assets25 — — 25 
Marketable equity securities (Note 11)
260 250 10 — 
Restricted marketable debt securities (Note 11)
27 23 4 — 
Restricted other assets (Note 11)
8 8 — — 
Contingent consideration assets (Note 10)
188 — — 188 
Derivative assets (Note 10)
20 — 20 — 
$4,682 $3,225 $1,244 $213 
Liabilities:
Debt (2)
$5,136 $— $5,136 $— 
Contingent consideration liabilities (Note 10)
3 — — 3 
$5,139 $— $5,136 $3 
____________________________
(1)Cash and cash equivalents include time deposits that have an original maturity of three months or less.
(2)Debt is carried at amortized cost. The outstanding carrying value was $5,574 and $5,571 at June 30, 2023 and December 31, 2022, respectively. Refer to Note 14 for further information. The fair value measurement of debt was based on an independent third-party pricing source.
The following tables set forth a summary of the quantitative and qualitative information related to the significant observable and unobservable inputs used in the calculation of the Company’s Level 3 financial assets and liabilities at June 30, 2023 and December 31, 2022:
DescriptionAt June 30, 2023Valuation TechniqueSignificant InputRange, Point Estimate or Average
Contingent consideration assets$187 
Monte Carlo (1)
Discount rate (2)
8.76 - 29.59
%
Contingent consideration liabilities$5 Discounted cash flow
Discount rate (2)
5.56 - 7.08
%
DescriptionAt December 31, 2022Valuation TechniqueSignificant InputRange, Point Estimate or Average
Long-lived assets$25 Market-based approach
Various (3)
Various (3)
Contingent consideration assets$188 
Monte Carlo (1)
Discount rate (2)
8.75 - 29.59
%
Contingent consideration liabilities$3 Discounted cash flow
Discount rate (2)
5.56 - 7.08
%
____________________________
(1)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 where the significant input is the discount rate.
(2)The weighted average discount rate used to calculate the Company’s contingent consideration assets and liabilities is 11.87% and 6.47%, respectively, at June 30, 2023 and 11.86% and 6.07%, respectively, at December 31, 2022. Various other inputs including, but not limited to, metal prices and production profiles were considered in determining the fair value of the individual contingent consideration assets and liabilities.
(3)At December 31, 2022, the Company recognized an impairment charge on the long-lived assets at CC&V, which resulted in a remaining long-lived asset balance of $25. The impairment was determined using the income approach and included the following significant inputs (i) updated cash flow information from the Company's business and closure plans at December 31, 2022, (ii) a short-term gold price of $1,750, (iii) a long-term gold price of $1,600, (iv) current estimates of reserves, resources, and exploration potential, and (v) a country specific pre-tax discount rate of 6.75%. The Company performed a nonrecurring fair value measurement and estimated the fair value of the remaining asset balance using a market-based approach based on the appraised value in an assumed sale to a third-party market participant.
The following tables set forth a summary of changes in the fair value of the Company’s recurring Level 3 financial assets and liabilities:
Contingent Consideration
Assets (1)
Total Assets
Contingent Consideration 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 
Contingent Consideration
Assets (1)
Total AssetsContingent consideration liabilitiesTotal liabilities
Fair value at December 31, 2021$171 $171 $5 $5 
Revaluation10 10 — — 
Fair value at June 30, 2022$181 $181 $5 $5 
____________________________
(1)In 2023, the (loss) gain recognized on revaluation of contingent consideration assets $(7) and $6 is included in Other income (loss), net and Net income (loss) from discontinued operations, respectively. In 2022, the gain recognized on revaluation contingent consideration assets is included in Net income (loss) from discontinued operations.
(2)In 2023, the loss recognized on revaluation of contingent consideration liabilities is included in Other income (loss), net.
v3.23.2
DERIVATIVES INSTRUMENTS
 6 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE INSTRUMENTS DERIVATIVES INSTRUMENTS
Hedging Instruments
In May 2023, the Company entered into C$348 of CAD-denominated and A$648 of AUD-denominated fixed forward contracts to mitigate variability in the USD functional cash flows related to the CAD-denominated and AUD-denominated operating expenditures expected to be incurred between June and December 2023 included in the Company's operating mines located in Canada and 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 the Tanami Expansion 2 project, amounts recorded in Accumulated other comprehensive income (loss) will be reclassified to earnings through Depreciation and amortization after the project reaches commercial production. For the foreign currency cash flow hedges related to the CAD-denominated and AUD-denominated operating expenditures, amounts recorded in Accumulated other comprehensive income (loss) will be reclassified to earnings through Costs applicable to sales in the month that the operating expenditures are incurred.
The following table provides the fair value of the Company’s derivative instruments designated as cash flow hedges:
At June 30,
2023		At December 31,
2022
Derivative Assets:
Foreign currency cash flow hedges, current (1)
$10 $12 
Foreign currency cash flow hedges, non-current (2)
1 8 
$11 $20 
Derivative Liabilities:
Foreign currency cash flow hedges, current (3)
$8 $— 
$8 $— 
____________________________
(1)Included in Other current assets in the Company’s Condensed Consolidated Balance Sheets.
(2)Included in Other non-current assets in the Company’s Condensed Consolidated Balance Sheets.
(3)Included in Other current liabilities in the Company’s Condensed Consolidated Balance Sheets.
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,
2023202220232022
Loss (gain) on cash flow hedges:
Foreign currency cash flow hedges (1)
$2 $— $2 $— 
Interest rate contracts (2)
1 1 2 2 
$3 $1 $4 $2 
____________________________
(1)Foreign currency cash flow hedges relate to contracts entered into, and subsequently settled, 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 in the Company’s Condensed Consolidated Statement of Operations.
(2)Interest rate contracts relate to swaps entered into, and subsequently settled, associated with the issuance of certain 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.
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 9 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,
2023		At December 31,
2022
Contingent Consideration Assets:
Batu Hijau and Elang (1)
$145 $139 
Red Lake (2)
32 39 
Triple Flag (previously Maverix) (2)(3)
4 4 
Other (2)
6 6 
$187 $188 
Contingent Consideration Liabilities: (4)
Norte Abierto$3 $1 
Galore Creek2 2 
$5 $3 
____________________________
(1)At June 30, 2023, $69 is included in Other current assets and $76 is included in Other non-current assets in the Company’s Condensed Consolidated Balance Sheets. At December 31, 2022, $139 is included in Other non-current assets in the Company’s Condensed Consolidated Balance Sheets.
(2)Included in Other non-current assets in the Company’s Condensed Consolidated Balance Sheets.
(3)In January 2023, Triple Flag acquired all of the issued and outstanding common shares of Maverix. Refer to Note 11 for further information.
(4)Included in Other non-current liabilities in the Company’s Condensed Consolidated Balance Sheets.
v3.23.2
INVESTMENTS
 6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
INVESTMENTS INVESTMENTS
At June 30,
2023		At December 31,
2022
Time deposits and other investments:
Time deposits and other (1)
$380 $846 
Marketable equity securities29 34 
$409 $880 
Non-current investments:
Marketable equity securities$224 $226 
Equity method investments: 
Pueblo Viejo Mine (40.0%)
$1,462 $1,435 
NuevaUnión Project (50.0%)
961 956 
Norte Abierto Project (50.0%)
525 518 
Maverix Metals, Inc. (—% and 28.5%, respectively) (2)
— 143 
2,948 3,052 
$3,172 $3,278 
Non-current restricted investments: (3)
Marketable debt securities$24 $27 
Other assets8 8 
$32 $35 
____________________________
(1)At June 30, 2023 and December 31, 2022, Time deposits and other primarily includes time deposits with an original maturity of more than three months but less than one year of $374 and $829, respectively, and related accrued interest of $6 and $9, respectively.
(2)In January 2023, Maverix was fully acquired by Triple Flag. The Company's ownership interest in the newly combined company was subsequently sold in March 2023. Refer to "Maverix Metals, Inc." below for further information.
(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 5 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 the Pueblo Viejo mine of $15 and $23 for the three months ended June 30, 2023 and 2022, respectively, and $36 and $58 for the six months ended June 30, 2023 and 2022, respectively.
See below for further information on the Company's equity method investments.
Pueblo Viejo
As of June 30, 2023 and December 31, 2022, the Company had outstanding shareholder loans to Pueblo Viejo of $403 and $356, with accrued interest of $12 and $8, 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, 2023.
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 $104 and $221 for the three and six months ended June 30, 2023, respectively. Total payments made to Pueblo Viejo for gold and silver purchased were $129 and $267 for the three and six months ended June 30, 2022, 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, 2023 or December 31, 2022.
Maverix Metals, Inc.
In January 2023, Triple Flag acquired all of the issued and outstanding common shares of Maverix, resulting in Newmont holding a 7.5% ownership interest in the combined company. Prior to close, Newmont held 28.5% of Maverix’s outstanding common shares. In the first quarter of 2023, the Company sold all of its common shares in Triple Flag. As a result, a net gain of $36 was recognized in the first quarter of 2023, which is included in Other income, net in the Condensed Consolidated Statement of Operations. In the second quarter of 2023, the Company exercised all of its warrants held in Triple Flag and sold all of the underlying shares, resulting in an inconsequential gain.
v3.23.2
INVENTORIES
 6 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
At June 30,
2023		At December 31,
2022
Materials and supplies$818 $750 
In-process149 123 
Concentrate88 47 
Precious metals56 59 
Inventories$1,111 $979 
STOCKPILES AND ORE ON LEACH PADS
At June 30, 2023At December 31, 2022
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$591 $267 $858 $480 $294 $774 
Non-current1,338 399 1,737 1,391 325 1,716 
Total$1,929 $666 $2,595 $1,871 $619 $2,490 
v3.23.2
STOCKPILES AND ORE ON LEACH PADS
 6 Months Ended
Jun. 30, 2023
STOCKPILES AND ORE ON LEACH PADS  
STOCKPILES AND ORE ON LEACH PADS INVENTORIES
At June 30,
2023		At December 31,
2022
Materials and supplies$818 $750 
In-process149 123 
Concentrate88 47 
Precious metals56 59 
Inventories$1,111 $979 
STOCKPILES AND ORE ON LEACH PADS
At June 30, 2023At December 31, 2022
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$591 $267 $858 $480 $294 $774 
Non-current1,338 399 1,737 1,391 325 1,716 
Total$1,929 $666 $2,595 $1,871 $619 $2,490 
v3.23.2
DEBT
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
DEBT DEBT
Scheduled minimum debt repayments are as follows:
At June 30,
2023
Year Ending December 31,
2023 (for the remainder of 2023)
$— 
2024— 
2025— 
2026— 
2027— 
Thereafter5,624 
Total face value of debt5,624 
Unamortized premiums, discounts, and issuance costs(50)
Debt$5,574 
v3.23.2
OTHER LIABILITIES
 6 Months Ended
Jun. 30, 2023
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES OTHER LIABILITIES
At June 30,
2023		At December 31,
2022
Other current liabilities:
Reclamation and remediation liabilities$511 $526 
Accrued operating costs293 370 
Accrued capital expenditures228 221 
Payables to NGM (1)
71 73 
Other (2)
461 409 
$1,564 $1,599 
Other non-current liabilities:
Income and mining taxes (3)
$220 $206 
Other (4)
206 224 
$426 $430 
_________________________
(1)Primarily consists of amounts due to NGM representing Barrick's 61.5% proportionate share of the amount owed to NGM for gold and silver purchased by Newmont. Newmont’s 38.5% share of such amounts is eliminated upon proportionate consolidation of its interest in NGM. Receivables for Newmont's 38.5% proportionate share related to NGM's activities with Barrick are included in Other current assets.
(2)Primarily consists of the current portion of the silver streaming agreement liability, royalties, and accrued interest on debt.
(3)Primarily consists of unrecognized tax benefits, including penalties and interest.
(4)Primarily consists of the non-current portion of the Norte Abierto deferred payments and operating lease liabilities.
v3.23.2
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​
 6 Months Ended
Jun. 30, 2023
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​ ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized Gain (Loss) on Investment Securities, netForeign Currency Translation AdjustmentsPension and Other Post-retirement Benefit AdjustmentsUnrealized Gain (Loss) on Hedge InstrumentsTotal
Balance at December 31, 2022$(1)$126 $(27)$(69)$29 
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications(1)(5)1 (10)(15)
(Gain) loss reclassified from accumulated other comprehensive income (loss)
— — (4)3 (1)
Other comprehensive income (loss)(1)(5)(3)(7)(16)
Balance at June 30, 2023$(2)$121 $(30)$(76)$13 
v3.23.2
NET CHANGE IN OPERATING ASSETS AND LIABILITIES
 6 Months Ended
Jun. 30, 2023
Increase (Decrease) in Operating Capital [Abstract]  
NET CHANGE IN OPERATING ASSETS AND LIABILITIES NET CHANGE IN OPERATING ASSETS AND LIABILITIESNet 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,
20232022
Decrease (increase) in operating assets:
Trade and other receivables $175 $45 
Inventories, stockpiles and ore on leach pads (261)(47)
Other assets 15 (72)
Increase (decrease) in operating liabilities:
Accounts payable(84)55 
Reclamation and remediation liabilities (111)(101)
Accrued tax liabilities(91)(347)
Other accrued liabilities(112)(35)
Net change in operating assets and liabilities$(469)$(502)
v3.23.2
COMMITMENTS AND CONTINGENCIES
 6 Months Ended
Jun. 30, 2023
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 3. 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 Mexico tax matter relates to the Peñasquito reportable segment.
Environmental Matters
Refer to Note 5 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, the Peruvian government agency responsible for certain environmental regulations, the Ministry of the Environment (“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. The Company did not receive a response or comments to this submission until April 2021. During this interim period, Yanacocha separately submitted an Environmental Impact Assessment ("EIA") modification considering the ongoing operations and the projects to be developed and obtained authorization from MINEM for such projects. This authorization included a deadline for compliance with the modified water quality criteria by January 2024. 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 in 2027. In June 2023, Yanacocha received approval of its updated compliance plan from MINEM and was granted an extension of time to June 2026 to achieve compliance. The Company is currently discussing with MINEM the request for regulatory extension until 2027.
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 highly 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, but the January 2021 new permits contained new water quality limits. The Settlement Agreement involves the installation of interim passive water treatment and ongoing monitoring over the next three years, and then more long-term water treatment installed with target compliance by November 2027. 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. CC&V continues to study alternative long-term remediation plans for water discharged from the Carlton Tunnel. Depending on the remediation 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 completed their assessment and approval of the WTP design in 2021 and Newmont has selected contractors for the construction of the new water treatment plant and effluent pipeline. Construction of the effluent pipeline began in 2021, and construction of the new WTP began in 2022.
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 will 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 $178, assumed 100% by Newmont, at June 30, 2023.
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. These studies will extend beyond the current year and could result in future material increases to the reclamation obligation at Porcupine.
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. 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. Newmont intends to vigorously defend this matter but cannot reasonably predict the outcome.
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
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, 2022 filed with the SEC on February 23, 2023 for information on the Company's deferred and contingent payments.
v3.23.2
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Pay vs Performance Disclosure        
Net Income (Loss) Attributable to Parent $ 155 $ 387 $ 506 $ 835
v3.23.2
Insider Trading Arrangements
 3 Months Ended 6 Months Ended
Jun. 30, 2023
shares
Jun. 30, 2023
shares
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
Our directors and executive officers may purchase or sell shares of our common stock in the market from time to time, including pursuant to equity trading plans adopted in accordance with Rule 10b5-1 under the Exchange Act and in compliance with guidelines specified by the Company’s stock trading standard. In accordance with Rule 10b5-1 and the Company’s insider trading policy, directors, officers and certain employees who, at such time, are not in possession of material non-public information about the Company are permitted to enter into written plans that pre-establish amounts, prices and dates (or formula for determining the amounts, prices and dates) of future purchases or sales of the Company’s stock, including shares acquired pursuant to the Company’s employee and director equity plans. Under the Company’s stock trading standard, the first trade made pursuant to a Rule 10b5-1 trading plan may take place no earlier than 90 days after adoption of the trading plan. Under a Rule 10b5-1 trading plan, a broker executes trades pursuant to parameters established by the director or executive officer when entering into the plan, without further direction from them. The use of these trading plans permits asset diversification as well as financial and tax planning. Our directors and executive officers also may buy or sell additional shares outside of a Rule 10b5-1 plan when they are not in possession of material nonpublic information, subject to compliance with SEC rules, the terms of our stock trading standard and holding requirements. The following table shows the Rule 10b5-1 trading plans intended to satisfy the affirmative defense conditions of Rule 10b-1(c) adopted or terminated by our directors and executive officers during the three months ended June 30, 2023.
Name and PositionPlan Adoption/TerminationPlan Adoption DateDuration of Plan (Expiration Date)Number of Shares to be Purchased (Sold) under Plan
Rob Atkinson, Executive Vice President and Chief Operating Officer
AdoptionMay 30, 2023August 2, 2024(66,000)
Nancy Lipson, Executive Vice President and Chief Legal Officer (1)
AdoptionMay 19, 2023March 4, 2024(25,553)
Mark Ebel, Interim Chief Legal Officer (1)
AdoptionMay 23, 2023March 6, 2024(8,663)
___________________________
(1)Ms. Lipson departed the Company as of June 30, 2023 and is no longer a Section 16 officer of Newmont, and Mr. Ebel assumed the role of interim Chief Legal Officer at such time. Mr. Ebel was not a Section 16 officer at the time of execution of the listed 10b5-1 plan.
Transactions under Section 16 officer trading plans will be disclosed publicly through Form 144 and Form 4 filings with the SEC to the extent required by law. No non-Rule 10b5-1 trading arrangements (as defined by Item 408(a) of Regulation S-K) were entered into by Section 16 director or officer of the Company during the covered period.
Rule 10b5-1 Arrangement Adopted true  
Non-Rule 10b5-1 Arrangement Adopted false  
Rob Atkinson [Member]    
Trading Arrangements, by Individual    
Name Rob Atkinson  
Title Executive Vice President and Chief Operating Officer  
Adoption Date May 30, 2023  
Arrangement Duration 430 days  
Aggregate Available 66,000 66,000
Nancy Lipson [Member]    
Trading Arrangements, by Individual    
Name Nancy Lipson  
Title Executive Vice President and Chief Legal Officer  
Adoption Date May 19, 2023  
Arrangement Duration 290 days  
Aggregate Available 25,553 25,553
Mark Ebel [Member]    
Trading Arrangements, by Individual    
Name Mark Ebel  
Title Interim Chief Legal Officer  
Adoption Date May 23, 2023  
Arrangement Duration 288 days  
Aggregate Available 8,663 8,663
v3.23.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Risks and Uncertainties
Risks and Uncertainties
The Company continues to experience the impacts from 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 relating to the Russian invasion of Ukraine and the COVID-19 pandemic, as well as an uncertain and evolving labor market. Additionally, in early 2023 the banking industry experienced adversity including bank failures, take-overs, and entrance into receivership or insolvency, amongst other events. While the Company has not experienced any impacts from these recent events, further instability in the banking system could put the liquidity of Newmont and third parties with which we do business at risk. The Company maintains strict adherence to its cash investment policies which focus on highly rated investments and capital preservation mechanisms to achieve the Company’s strategic objectives.
These 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, as well as potential impacts to estimated costs and timing of projects.
In June 2023, the Company announced the deferral of the full-funds investment decision for the Yanacocha Sulfides project in Peru for at least two years to the second half of 2026. The delay of the Yanacocha Sulfides project is intended to focus funds on current operations and other capital commitments while management assesses execution and project options, up to and including transitioning Yanacocha operations into full closure. To the extent that assessment determines that the project is no longer sufficiently profitable or economically feasible under the Company’s internal requirements, it would result in negative modifications to our proven and probable reserves. Additionally, should the Company ultimately decide to forgo the development of Yanacocha Sulfides, the current
carrying value of the assets under construction and other long-lived assets of the Yanacocha operations could become impaired and the timing of certain closure activities would be accelerated. As of June 30, 2023, the Yanacocha operations have total long-lived assets of approximately $1,110, inclusive of approximately $744 of assets under construction related to Yanacocha Sulfides. Refer also to our risk factors under the titles "Estimates relating to projects and mine plans of existing operations are uncertain and we may incur higher costs and lower economic returns than estimated” and "Our long-lived assets and goodwill could become impaired, which could have a material non-cash adverse effect on our results of operations” included in Part I of the Company's Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on February 23, 2023, for further information.
Additionally, the Company continues to hold the Conga project in Peru, which we do not currently anticipate developing in the next ten years as we continue to assess Yanacocha Sulfides; accordingly, the Conga project remains in care and maintenance. Should we be unable to develop the Conga project or conclude that future development is not in the best interest of the business, we may consider other alternatives for the project, which may result in a future impairment charge for the remaining assets. The total assets at Conga were $897 at June 30, 2023.
On June 7, 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 has suspended operations at Peñasquito. As of the date of this report filing, operations have not resumed and the Company is in ongoing discussions with the Union.
The Company will continue to monitor and evaluate the potential impacts of the current and ongoing inflationary pressures and supply chain disruptions. Depending on the duration and extent of ongoing global developments and inflationary conditions, these factors could materially impact the Company’s results of operations, cash flows and financial condition and could result in material impairment charges to the Company’s Property, plant and mine development, net; Inventories; Stockpiles and ore on leach pads; Investments; Deferred income tax assets; and Goodwill.
Refer to Note 18 below for further information on risks and uncertainties that could have a potential impact on the Company as well as Note 2 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, 2022 filed with the SEC on February 23, 2023.
Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the accounting for and recognition and disclosure of assets, liabilities, equity, revenues and expenses. The Company must make these estimates and assumptions because certain information used is dependent on future events, cannot be calculated with a high degree of precision from data available or simply cannot be readily calculated based on generally accepted methodologies. Actual results could differ from these estimates.
Reclassifications
Reclassifications
Certain amounts and disclosures in prior years have been reclassified to conform to the current year presentation.
Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules and Recently Issued Accounting Pronouncements and Federal Laws
Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules
Inflation Reduction Act
In August 2022, the U.S. government enacted the Inflation Reduction Act of 2022 (the "IRA") into law. The IRA introduced an excise tax on stock repurchases of 1% of the fair market value of stock repurchases net of stock issued during the tax year and a corporate alternative minimum tax (the "Corporate AMT") of 15% on the adjusted financial statement income ("AFSI") of corporations with average AFSI exceeding $1 billion over a three-year period. The excise tax on stock repurchases is effective on net stock repurchases made after December 31, 2022 and the Corporate AMT is effective for tax periods beginning in fiscal year 2023. While waiting on pending Department of Treasury regulatory guidance, the Company is continuing to monitor developments. Based upon information known to date, the IRA had no material impact on our current consolidated financial statements and is not expected to have a material impact on future consolidated financial statements, disclosures, or cash flows.
Recently Issued Accounting Pronouncements and Federal Laws
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 is in the process of reviewing key contracts to identify any contracts that reference the LIBOR and to implement adequate fallback provisions if not already implemented to mitigate the risks or impacts from the transition. No material impacts are expected to the consolidated financial statements or disclosures.
v3.23.2
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2023
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, 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. During this period, the Company continued to incur costs and reported $6 and $2 in Cost applicable to sales and Depreciation and amortization, respectively. The Company expects operations to fully resume during the third quarter of 2023.
(3)On June 7, 2023, the Company suspended its operations at Peñasquito due to the Union strike as discussed in Note 2. During this period, the Company continued to incur costs and reported $23 and $15 in Cost applicable to sales and Depreciation and amortization, respectively.
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, 2022
CC&V$85 $49 $16 $3 $6 $14 
Musselwhite73 53 20 2 — 12 
Porcupine125 71 25 4 28 40 
Éléonore87 71 27 1 (13)13 
Peñasquito: (2)
Gold230 127 34 
Silver140 155 42 
Lead28 29 8 
Zinc92 94 22 
Total Peñasquito490 405 106 6 (44)48 
Merian178 94 20 6 58 13 
Cerro Negro
145 71 42 4 15 32 
Yanacocha128 73 21 5 6 90 
Boddington:
Gold429 181 33 
Copper76 49 9 
Total Boddington505 230 42 2 245 17 
Tanami249 84 26 7 153 94 
Ahafo253 129 42 7 75 78 
Akyem203 76 33 4 89 8 
NGM537 302 127 9 91 72 
Corporate and Other— — 12 47 (301)6 
Consolidated$3,058 $1,708 $559 $107 $408 $537 
____________________________
(1)Includes an increase in accrued capital expenditures of $18. Consolidated capital expenditures on a cash basis were $519.
(2)Costs applicable to sales includes amounts resulting from the profit-sharing agreement completed with the Peñasquito workforce during the second quarter of 2022. Under the agreement, the Company agreed to pay its workforce an uncapped profit-sharing bonus each year, based on the agreed upon terms. Additionally, the terms of the agreement are retroactively applied to profit-sharing related to 2021 site performance, resulting in $70 recorded within Costs applicable to sales in the second quarter of 2022. The amounts related to the 2021 profit-sharing were paid in the third quarter of 2022.
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. During this period, the Company continued to incur costs and reported $6 and $2 in Cost applicable to sales and Depreciation and amortization, respectively. The Company expects operations to fully resume during the third quarter of 2023.
(3)On June 7, 2023, the Company suspended its operations at Peñasquito due to the Union strike as discussed in Note 2. During this period, the Company continued to incur costs and reported $23 and $15 in Cost applicable to sales and Depreciation and amortization, respectively.
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, 2022
CC&V$153 $101 $32 $4 $3 $18 
Musselwhite133 96 36 3 (3)18 
Porcupine239 137 47 7 45 76 
Éléonore181 133 56 1 (14)23 
Peñasquito: (2)
Gold482 214 73 
Silver296 252 86 
Lead72 51 18 
Zinc302 180 57 
Total Peñasquito1,152 697 234 11 197 88 
Merian373 181 42 9 139 24 
Cerro Negro
267 134 81 7 23 60 
Yanacocha255 140 46 6 13 146 
Boddington:
Gold810 343 61 
Copper175 95 17 
Total Boddington985 438 78 3 478 35 
Tanami435 149 48 13 231 178 
Ahafo455 235 73 11 142 137 
Akyem372 143 63 8 156 20 
NGM1,081 559 252 15 244 138 
Corporate and Other— — 18 91 (618)22 
Consolidated$6,081 $3,143 $1,106 $189 $1,036 $983 
____________________________
(1)Includes an increase in accrued capital expenditures of $27; consolidated capital expenditures on a cash basis were $956.
(2)Costs applicable to sales includes amounts resulting from the profit-sharing agreement completed with the Peñasquito workforce during the second quarter of 2022. Under the agreement, the Company agreed to pay its workforce an uncapped profit-sharing bonus each year, based on the agreed upon terms. Additionally, the terms of the agreement are retroactively applied to profit-sharing related to 2021 site performance, resulting in $70 recorded within Costs applicable to sales in the second quarter of 2022. The amounts related to the 2021 profit-sharing were paid in the third quarter of 2022.
v3.23.2
SALES (Tables)
 6 Months Ended
Jun. 30, 2023
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, 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
Three Months Ended June 30, 2022
CC&V$85 $— $85 
Musselwhite 73 — 73 
Porcupine 125 — 125 
Éléonore 87 — 87 
Peñasquito:
Gold25 205 230 
Silver (1)
— 140 140 
Lead— 28 28 
Zinc— 92 92 
Total Peñasquito25 465 490 
Merian178 — 178 
Cerro Negro 145 — 145 
Yanacocha129 (1)128 
Boddington:
Gold107 322 429 
Copper— 76 76 
Total Boddington107 398 505 
Tanami249 — 249 
Ahafo253 — 253 
Akyem203 — 203 
NGM (2)
521 16 537 
Consolidated$2,180 $878 $3,058 
____________________________
(1)Silver sales from concentrate includes $20 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 $525 for the three months ended June 30, 2022.
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.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Six Months Ended June 30, 2022
CC&V$148 $5 $153 
Musselwhite 133 — 133 
Porcupine 239 — 239 
Éléonore 181 — 181 
Peñasquito:
Gold56 426 482 
Silver (1)
— 296 296 
Lead— 72 72 
Zinc— 302 302 
Total Peñasquito56 1,096 1,152 
Merian373 — 373 
Cerro Negro 267 — 267 
Yanacocha256 (1)255 
Boddington:
Gold198 612 810 
Copper— 175 175 
Total Boddington198 787 985 
Tanami435 — 435 
Ahafo455 — 455 
Akyem372 — 372 
NGM (2)
1,050 31 1,081 
Consolidated$4,163 $1,918 $6,081 
____________________________
(1)Silver sales from concentrate includes $39 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 $1,051 for the six months ended June 30, 2022.
At June 30, 2023, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months:
GoldCopperSilverLeadZinc
(ounces,
in thousands)		(pounds,
in millions)		(ounces,
in thousands)		(pounds,
in millions)		(pounds,
in millions)
Provisionally priced sales subject to final pricing (1)
148361,966 2647
Average provisional price, per measure$1,926 $3.72 $22.84 $0.95 $1.08 
____________________________
(1)Includes provisionally priced by-product sales subject to final pricing, which are recognized in Costs applicable to sales.
v3.23.2
RECLAMATION AND REMEDIATION (Tables)
 6 Months Ended
Jun. 30, 2023
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,
2023202220232022
Reclamation adjustments and other$6 $1 $8 $2 
Reclamation accretion59 43 119 86 
Reclamation expense65 44 127 88 
Remediation adjustments and other(1)3 1 19 
Remediation accretion2 2 4 3 
Remediation expense1 5 5 22 
Reclamation and remediation$66 $49 $132 $110 
Reconciliation of Reclamation Liabilities
The following are reconciliations of Reclamation and remediation liabilities:
Reclamation
Remediation (1)
2023202220232022
Balance at January 1,$6,731 $5,768 $373 $344 
Additions, changes in estimates and other (1)
1 13 (2)13 
Payments, net(99)(78)(12)(23)
Accretion expense 119 86 4 3 
Balance at June 30,
$6,752 $5,789 $363 $337 
____________________________
(1)The $13 addition for the six months ended June 30, 2022 is due to expected higher waste disposal costs at Midnite Mine.

At June 30, 2023At December 31, 2022
ReclamationRemediationTotalReclamationRemediationTotal
Current (1)
$467 $44 $511 $482 $44 $526 
Non-current (2)
6,285 319 6,604 6,249 329 6,578 
Total (3)
$6,752 $363 $7,115 $6,731 $373 $7,104 
____________________________
(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 $3,707 and $3,722 related to Yanacocha at June 30, 2023 and December 31, 2022, respectively.
Reconciliation of Remediation Liabilities
At June 30, 2023At December 31, 2022
ReclamationRemediationTotalReclamationRemediationTotal
Current (1)
$467 $44 $511 $482 $44 $526 
Non-current (2)
6,285 319 6,604 6,249 329 6,578 
Total (3)
$6,752 $363 $7,115 $6,731 $373 $7,104 
____________________________
(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 $3,707 and $3,722 related to Yanacocha at June 30, 2023 and December 31, 2022, respectively.
v3.23.2
OTHER EXPENSE, NET (Tables)
 6 Months Ended
Jun. 30, 2023
Operating Costs and Expenses [Abstract]  
Schedule of other expense, net
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Newcrest transaction-related costs (1)
$21 $— $21 $— 
Restructuring and severance10 — 12 1 
Impairment charges4 2 8 2 
COVID-19 specific costs (2)
— 10 — 27 
Settlement costs— 5 — 18 
Other6 5 8 9 
Other expense, net$41 $22 $49 $57 
____________________________
(1)Primarily represents costs incurred related to the Proposed Newcrest Transaction in the second quarter of 2023. Refer to Note 1 for further information.
(2)Beginning January 1, 2023, COVID-19 specific costs incurred in the ordinary course of business are recognized in Costs applicable to sales.
v3.23.2
OTHER INCOME (LOSS), NET (Tables)
 6 Months Ended
Jun. 30, 2023
Other Income, Nonoperating [Abstract]  
Other Income, Net
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Interest income$37 $11 $73 $16 
Gain (loss) on asset and investment sales, net (1)
— — 36 (35)
Foreign currency exchange, net(11)27 (22)28 
Change in fair value of investments(42)(135)(1)(96)
Pension settlement (2)
— — — (130)
Other(1)22 (4)33 
Other income (loss), net$(17)$(75)$82 $(184)
____________________________
(1)For the six months ended June 30, 2023, primarily consists of the gain recognized on the exchange of the previously held Maverix Metals, Inc. ("Maverix") investment for the Triple Flag Precious Metals Corporation ("Triple Flag") investment in January 2023, partially offset by the loss on the sale of the Triple Flag investment in March 2023. Refer to Note 11 for further information. For the six months ended June 30, 2022, primarily consists of the loss recognized on the sale of the La Zanja equity method investment. Refer to Note 1 for further information.
(2)Primarily relates to the non-cash pension settlement charges of $130 resulting from the Company executing an annuitization to transfer a portion of the pension plan obligations from the Company's U.S. qualified defined benefit pension plans to an insurance company using plan assets during the first quarter of 2022.
v3.23.2
INCOME AND MINING TAXES (Tables)
 6 Months Ended
Jun. 30, 2023
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)
2023202220232022
Income (loss) before income and mining tax and other items$300 $408 $839 $1,036 
U.S. federal statutory tax rate21 %$63 21 %$86 21 %$176 21 %$218 
Reconciling items:
Change in valuation allowance on deferred tax assets16 48 9 37 7 57 

5 49 
Foreign rate differential10 32 12 50 9 75 12 119 
Mining and other taxes (net of associated federal benefit)7 20 6 22 6 49 6 59 
Tax impact of foreign exchange 1 3 (6)(23)2 21 (3)(26)
Mexico Tax Settlement (2)
— — (31)(125)— — (12)(125)
Other(1)(3)(3)(14)— (2)(5)(47)
Income and mining tax expense (benefit)54 %$163 8 %$33 45 %$376 24 %$247 
____________________________
(1)Tax rates may not recalculate due to rounding.
(2)Following the framework established with the Mexican Tax Authority in the fourth quarter of 2021, a full settlement was entered into during the second quarter of 2022, which resulted in a net tax benefit of $125, primarily consisting of a reduction in the related uncertain tax position of $95.
v3.23.2
FAIR VALUE ACCOUNTING (Tables)
 6 Months Ended
Jun. 30, 2023
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, 2022 filed with the SEC on February 23, 2023 for further information on the Company's assets and liabilities included in the fair value hierarchy presented below.
Fair Value at June 30, 2023
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$2,829 $2,829 $— $— 
Restricted cash71 71 — — 
Time deposits and other (Note 11)
380 — 380 — 
Trade receivable from provisional sales, net 185 — 185 — 
Marketable equity securities (Note 11)
253 244 9 — 
Restricted marketable debt securities (Note 11)
24 21 3 — 
Restricted other assets (Note 11)
8 8 — — 
Contingent consideration assets (Note 10)
187 — — 187 
Derivative assets (Note 10)
11 — 11 — 
$3,948 $3,173 $588 $187 
Liabilities:
Debt (2)
$5,199 $— $5,199 $— 
Contingent consideration liabilities (Note 10)
5 — — 5 
Derivative liabilities (Note 10)
8 — 8 — 
$5,212 $— $5,207 $5 
Fair Value at December 31, 2022
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$2,877 $2,877 $— $— 
Restricted cash67 67 — — 
Time deposits and other (Note 11)
846 — 846 — 
Trade receivable from provisional sales, net 364 — 364 — 
Long-lived assets25 — — 25 
Marketable equity securities (Note 11)
260 250 10 — 
Restricted marketable debt securities (Note 11)
27 23 4 — 
Restricted other assets (Note 11)
8 8 — — 
Contingent consideration assets (Note 10)
188 — — 188 
Derivative assets (Note 10)
20 — 20 — 
$4,682 $3,225 $1,244 $213 
Liabilities:
Debt (2)
$5,136 $— $5,136 $— 
Contingent consideration liabilities (Note 10)
3 — — 3 
$5,139 $— $5,136 $3 
____________________________
(1)Cash and cash equivalents include time deposits that have an original maturity of three months or less.
(2)Debt is carried at amortized cost. The outstanding carrying value was $5,574 and $5,571 at June 30, 2023 and December 31, 2022, respectively. Refer to Note 14 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, 2023 and December 31, 2022:
DescriptionAt June 30, 2023Valuation TechniqueSignificant InputRange, Point Estimate or Average
Contingent consideration assets$187 
Monte Carlo (1)
Discount rate (2)
8.76 - 29.59
%
Contingent consideration liabilities$5 Discounted cash flow
Discount rate (2)
5.56 - 7.08
%
DescriptionAt December 31, 2022Valuation TechniqueSignificant InputRange, Point Estimate or Average
Long-lived assets$25 Market-based approach
Various (3)
Various (3)
Contingent consideration assets$188 
Monte Carlo (1)
Discount rate (2)
8.75 - 29.59
%
Contingent consideration liabilities$3 Discounted cash flow
Discount rate (2)
5.56 - 7.08
%
____________________________
(1)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 where the significant input is the discount rate.
(2)The weighted average discount rate used to calculate the Company’s contingent consideration assets and liabilities is 11.87% and 6.47%, respectively, at June 30, 2023 and 11.86% and 6.07%, respectively, at December 31, 2022. Various other inputs including, but not limited to, metal prices and production profiles were considered in determining the fair value of the individual contingent consideration assets and liabilities.
(3)At December 31, 2022, the Company recognized an impairment charge on the long-lived assets at CC&V, which resulted in a remaining long-lived asset balance of $25. The impairment was determined using the income approach and included the following significant inputs (i) updated cash flow information from the Company's business and closure plans at December 31, 2022, (ii) a short-term gold price of $1,750, (iii) a long-term gold price of $1,600, (iv) current estimates of reserves, resources, and exploration potential, and (v) a country specific pre-tax discount rate of 6.75%. The Company performed a nonrecurring fair value measurement and estimated the fair value of the remaining asset balance using a market-based approach based on the appraised value in an assumed sale to a third-party market participant.
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:
Contingent Consideration
Assets (1)
Total Assets
Contingent Consideration 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 
Contingent Consideration
Assets (1)
Total AssetsContingent consideration liabilitiesTotal liabilities
Fair value at December 31, 2021$171 $171 $5 $5 
Revaluation10 10 — — 
Fair value at June 30, 2022$181 $181 $5 $5 
____________________________
(1)In 2023, the (loss) gain recognized on revaluation of contingent consideration assets $(7) and $6 is included in Other income (loss), net and Net income (loss) from discontinued operations, respectively. In 2022, the gain recognized on revaluation contingent consideration assets is included in Net income (loss) from discontinued operations.
(2)In 2023, the loss recognized on revaluation of contingent consideration liabilities is included in Other income (loss), net.
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:
Contingent Consideration
Assets (1)
Total Assets
Contingent Consideration 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 
Contingent Consideration
Assets (1)
Total AssetsContingent consideration liabilitiesTotal liabilities
Fair value at December 31, 2021$171 $171 $5 $5 
Revaluation10 10 — — 
Fair value at June 30, 2022$181 $181 $5 $5 
____________________________
(1)In 2023, the (loss) gain recognized on revaluation of contingent consideration assets $(7) and $6 is included in Other income (loss), net and Net income (loss) from discontinued operations, respectively. In 2022, the gain recognized on revaluation contingent consideration assets is included in Net income (loss) from discontinued operations.
(2)In 2023, the loss recognized on revaluation of contingent consideration liabilities is included in Other income (loss), net.
v3.23.2
DERIVATIVES INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table provides the fair value of the Company’s derivative instruments designated as cash flow hedges:
At June 30,
2023		At December 31,
2022
Derivative Assets:
Foreign currency cash flow hedges, current (1)
$10 $12 
Foreign currency cash flow hedges, non-current (2)
1 8 
$11 $20 
Derivative Liabilities:
Foreign currency cash flow hedges, current (3)
$8 $— 
$8 $— 
____________________________
(1)Included in Other current assets in the Company’s Condensed Consolidated Balance Sheets.
(2)Included in Other non-current assets in the Company’s Condensed Consolidated Balance Sheets.
(3)Included in Other current liabilities in the Company’s Condensed Consolidated Balance Sheets.
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,
2023202220232022
Loss (gain) on cash flow hedges:
Foreign currency cash flow hedges (1)
$2 $— $2 $— 
Interest rate contracts (2)
1 1 2 2 
$3 $1 $4 $2 
____________________________
(1)Foreign currency cash flow hedges relate to contracts entered into, and subsequently settled, 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 in the Company’s Condensed Consolidated Statement of Operations.
(2)Interest rate contracts relate to swaps entered into, and subsequently settled, associated with the issuance of certain 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.
Derivatives Not Designated as Hedging Instruments
The Company had the following contingent consideration assets and liabilities:
At June 30,
2023		At December 31,
2022
Contingent Consideration Assets:
Batu Hijau and Elang (1)
$145 $139 
Red Lake (2)
32 39 
Triple Flag (previously Maverix) (2)(3)
4 4 
Other (2)
6 6 
$187 $188 
Contingent Consideration Liabilities: (4)
Norte Abierto$3 $1 
Galore Creek2 2 
$5 $3 
____________________________
(1)At June 30, 2023, $69 is included in Other current assets and $76 is included in Other non-current assets in the Company’s Condensed Consolidated Balance Sheets. At December 31, 2022, $139 is included in Other non-current assets in the Company’s Condensed Consolidated Balance Sheets.
(2)Included in Other non-current assets in the Company’s Condensed Consolidated Balance Sheets.
(3)In January 2023, Triple Flag acquired all of the issued and outstanding common shares of Maverix. Refer to Note 11 for further information.
(4)Included in Other non-current liabilities in the Company’s Condensed Consolidated Balance Sheets.
v3.23.2
INVESTMENTS (Tables)
 6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments
At June 30,
2023		At December 31,
2022
Time deposits and other investments:
Time deposits and other (1)
$380 $846 
Marketable equity securities29 34 
$409 $880 
Non-current investments:
Marketable equity securities$224 $226 
Equity method investments: 
Pueblo Viejo Mine (40.0%)
$1,462 $1,435 
NuevaUnión Project (50.0%)
961 956 
Norte Abierto Project (50.0%)
525 518 
Maverix Metals, Inc. (—% and 28.5%, respectively) (2)
— 143 
2,948 3,052 
$3,172 $3,278 
Non-current restricted investments: (3)
Marketable debt securities$24 $27 
Other assets8 8 
$32 $35 
____________________________
(1)At June 30, 2023 and December 31, 2022, Time deposits and other primarily includes time deposits with an original maturity of more than three months but less than one year of $374 and $829, respectively, and related accrued interest of $6 and $9, respectively.
(2)In January 2023, Maverix was fully acquired by Triple Flag. The Company's ownership interest in the newly combined company was subsequently sold in March 2023. Refer to "Maverix Metals, Inc." below for further information.
(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 5 for further information regarding these amounts.
v3.23.2
INVENTORIES (Tables)
 6 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
Summary of Inventories
At June 30,
2023		At December 31,
2022
Materials and supplies$818 $750 
In-process149 123 
Concentrate88 47 
Precious metals56 59 
Inventories$1,111 $979 
v3.23.2
STOCKPILES AND ORE ON LEACH PADS (Tables)
 6 Months Ended
Jun. 30, 2023
STOCKPILES AND ORE ON LEACH PADS  
Stockpiles and Ore on Leach Pads
At June 30, 2023At December 31, 2022
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$591 $267 $858 $480 $294 $774 
Non-current1,338 399 1,737 1,391 325 1,716 
Total$1,929 $666 $2,595 $1,871 $619 $2,490 
v3.23.2
DEBT (Tables)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Minimum Debt Repayments
Scheduled minimum debt repayments are as follows:
At June 30,
2023
Year Ending December 31,
2023 (for the remainder of 2023)
$— 
2024— 
2025— 
2026— 
2027— 
Thereafter5,624 
Total face value of debt5,624 
Unamortized premiums, discounts, and issuance costs(50)
Debt$5,574 
v3.23.2
OTHER LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2023
Other Liabilities Disclosure [Abstract]  
Other Liabilities
At June 30,
2023		At December 31,
2022
Other current liabilities:
Reclamation and remediation liabilities$511 $526 
Accrued operating costs293 370 
Accrued capital expenditures228 221 
Payables to NGM (1)
71 73 
Other (2)
461 409 
$1,564 $1,599 
Other non-current liabilities:
Income and mining taxes (3)
$220 $206 
Other (4)
206 224 
$426 $430 
_________________________
(1)Primarily consists of amounts due to NGM representing Barrick's 61.5% proportionate share of the amount owed to NGM for gold and silver purchased by Newmont. Newmont’s 38.5% share of such amounts is eliminated upon proportionate consolidation of its interest in NGM. Receivables for Newmont's 38.5% proportionate share related to NGM's activities with Barrick are included in Other current assets.
(2)Primarily consists of the current portion of the silver streaming agreement liability, royalties, and accrued interest on debt.
(3)Primarily consists of unrecognized tax benefits, including penalties and interest.
(4)Primarily consists of the non-current portion of the Norte Abierto deferred payments and operating lease liabilities.
v3.23.2
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​​ (Tables)
 6 Months Ended
Jun. 30, 2023
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Change in Accumulated Other Comprehensive Income (Loss)
Unrealized Gain (Loss) on Investment Securities, netForeign Currency Translation AdjustmentsPension and Other Post-retirement Benefit AdjustmentsUnrealized Gain (Loss) on Hedge InstrumentsTotal
Balance at December 31, 2022$(1)$126 $(27)$(69)$29 
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications(1)(5)1 (10)(15)
(Gain) loss reclassified from accumulated other comprehensive income (loss)
— — (4)3 (1)
Other comprehensive income (loss)(1)(5)(3)(7)(16)
Balance at June 30, 2023$(2)$121 $(30)$(76)$13 
v3.23.2
NET CHANGE IN OPERATING ASSETS AND LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2023
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,
20232022
Decrease (increase) in operating assets:
Trade and other receivables $175 $45 
Inventories, stockpiles and ore on leach pads (261)(47)
Other assets 15 (72)
Increase (decrease) in operating liabilities:
Accounts payable(84)55 
Reclamation and remediation liabilities (111)(101)
Accrued tax liabilities(91)(347)
Other accrued liabilities(112)(35)
Net change in operating assets and liabilities$(469)$(502)
v3.23.2
BASIS OF PRESENTATION (Details) - USD ($)
$ / shares in Units, $ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2022
Feb. 28, 2022
Dec. 31, 2023
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Business Acquisition [Line Items]              
Net income (loss) attributable to noncontrolling interest       $ 0 $ 13 $ 12 $ 34
Distributions to noncontrolling interests           66 $ 103
Minera Yanacocha              
Business Acquisition [Line Items]              
Ownership interest (as a percent) 100.00%       100.00%   100.00%
Disposed of by sale, not discontinued operations | Minera La Zanja              
Business Acquisition [Line Items]              
Equity method investment, ownership percentage sold   46.94%          
Contribution paid upon sale of equity method investment   $ 45          
Minera Yanacocha | Summit Global Management II V B              
Business Acquisition [Line Items]              
Proceeds from sale of stock $ 48            
Minera Yanacocha | Buenaventura              
Business Acquisition [Line Items]              
Distributions to noncontrolling interests   300          
Purchase of noncontrolling interest, contingent consideration   $ 100          
Minera Yanacocha | Buenaventura              
Business Acquisition [Line Items]              
Noncontrolling interest, ownership percentage by noncontrolling owners (as a percent)   43.65%          
Minera Yanacocha | Summit Global Management II V B              
Business Acquisition [Line Items]              
Noncontrolling interest, ownership percentage by noncontrolling owners (as a percent) 5.00%       5.00%   5.00%
Merian | Primary Beneficiary              
Business Acquisition [Line Items]              
Net income (loss) attributable to noncontrolling interest       $ 0 $ (13) $ (12) $ (34)
Newcrest Mining Limited | Forecast              
Business Acquisition [Line Items]              
Newmont common stock issued for each share of Newcrest stock converted (in shares)     0.400        
Dividend per share for Newcrest common stock converted (in dollars per share)     $ 1.10        
v3.23.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Unusual Risk or Uncertainty [Line Items]    
Long-lived assets $ 24,284,000,000 $ 24,073,000,000
Total assets 38,133,000,000 $ 38,482,000,000
Conga    
Unusual Risk or Uncertainty [Line Items]    
Total assets 897  
Yanacocha    
Unusual Risk or Uncertainty [Line Items]    
Long-lived assets 1,110  
Yanacocha | Asset under Construction    
Unusual Risk or Uncertainty [Line Items]    
Long-lived assets $ 744  
v3.23.2
SEGMENT INFORMATION - Narrative (Details)
 6 Months Ended
Jun. 30, 2023
segment
Segment Reporting [Abstract]  
Number of reportable segments 12
Ownership interest (as a percent) 38.50%
v3.23.2
SEGMENT INFORMATION - Financial Information of Company's Segments (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended
Jun. 07, 2023
Jun. 30, 2023
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Segment Information            
Sales     $ 2,683 $ 3,058 $ 5,362 $ 6,081
Costs Applicable to Sales [1]     1,543 1,708 3,025 3,143
Depreciation and Amortization     486 559 947 1,106
Advanced Projects, Research and Development and Exploration     110 107 193 189
Income (Loss) before Income and Mining Tax and Other Items     300 408 839 1,036
Capital Expenditures     658 537 1,166 983
Additional disclosures            
Increase (decrease) in accrued capital expenditures     42 18 24 27
Consolidated capital expenditures on a cash basis     616 519 1,142 956
Costs applicable to sales [1]     1,543 1,708 3,025 3,143
Depreciation and amortization     486 559 947 1,106
Operating Segments | Cripple Creek And Victor Mine            
Segment Information            
Sales     82 85 173 153
Costs Applicable to Sales     49 49 100 101
Depreciation and Amortization     6 16 13 32
Advanced Projects, Research and Development and Exploration     3 3 6 4
Income (Loss) before Income and Mining Tax and Other Items     21 6 48 3
Capital Expenditures     13 14 23 18
Additional disclosures            
Costs applicable to sales     49 49 100 101
Depreciation and amortization     6 16 13 32
Operating Segments | Musselwhite            
Segment Information            
Sales     80 73 163 133
Costs Applicable to Sales     55 53 113 96
Depreciation and Amortization     18 20 37 36
Advanced Projects, Research and Development and Exploration     4 2 5 3
Income (Loss) before Income and Mining Tax and Other Items     (2) 0 4 (3)
Capital Expenditures     31 12 45 18
Additional disclosures            
Costs applicable to sales     55 53 113 96
Depreciation and amortization     18 20 37 36
Operating Segments | Porcupine            
Segment Information            
Sales     125 125 248 239
Costs Applicable to Sales     77 71 147 137
Depreciation and Amortization     27 25 56 47
Advanced Projects, Research and Development and Exploration     6 4 10 7
Income (Loss) before Income and Mining Tax and Other Items     12 28 27 45
Capital Expenditures     36 40 58 76
Additional disclosures            
Costs applicable to sales     77 71 147 137
Depreciation and amortization     27 25 56 47
Operating Segments | Éléonore            
Segment Information            
Sales     100 87 229 181
Costs Applicable to Sales   $ 6 74 71 149 133
Depreciation and Amortization   2 24 27 51 56
Advanced Projects, Research and Development and Exploration     2 1 3 1
Income (Loss) before Income and Mining Tax and Other Items     (2) (13) 24 (14)
Capital Expenditures     31 13 45 23
Additional disclosures            
Costs applicable to sales   6 74 71 149 133
Depreciation and amortization   $ 2 24 27 51 56
Operating Segments | Peñasquito            
Segment Information            
Sales     316 490 692 1,152
Costs Applicable to Sales $ 23   258 405 515 697
Depreciation and Amortization 15   91 106 167 234
Advanced Projects, Research and Development and Exploration     3 6 6 11
Income (Loss) before Income and Mining Tax and Other Items     (57) (44) (35) 197
Capital Expenditures     37 48 72 88
Additional disclosures            
Costs applicable to sales 23   258 405 515 697
Depreciation and amortization $ 15   91 106 167 234
Operating Segments | Peñasquito | Profit-Sharing Agreement            
Segment Information            
Costs Applicable to Sales       70    
Additional disclosures            
Costs applicable to sales       70    
Operating Segments | Peñasquito | Gold            
Segment Information            
Sales     95 230 205 482
Costs Applicable to Sales     40 127 107 214
Depreciation and Amortization     15 34 35 73
Additional disclosures            
Costs applicable to sales     40 127 107 214
Depreciation and amortization     15 34 35 73
Operating Segments | Peñasquito | Silver            
Segment Information            
Sales     124 140 241 296
Costs Applicable to Sales     95 155 177 252
Depreciation and Amortization     34 42 59 86
Additional disclosures            
Costs applicable to sales     95 155 177 252
Depreciation and amortization     34 42 59 86
Operating Segments | Peñasquito | Lead            
Segment Information            
Sales     32 28 64 72
Costs Applicable to Sales     33 29 55 51
Depreciation and Amortization     12 8 19 18
Additional disclosures            
Costs applicable to sales     33 29 55 51
Depreciation and amortization     12 8 19 18
Operating Segments | Peñasquito | Zinc            
Segment Information            
Sales     65 92 182 302
Costs Applicable to Sales     90 94 176 180
Depreciation and Amortization     30 22 54 57
Additional disclosures            
Costs applicable to sales     90 94 176 180
Depreciation and amortization     30 22 54 57
Operating Segments | Merian            
Segment Information            
Sales     104 178 263 373
Costs Applicable to Sales     80 94 165 181
Depreciation and Amortization     15 20 33 42
Advanced Projects, Research and Development and Exploration     5 6 8 9
Income (Loss) before Income and Mining Tax and Other Items     3 58 56 139
Capital Expenditures     21 13 35 24
Additional disclosures            
Costs applicable to sales     80 94 165 181
Depreciation and amortization     15 20 33 42
Operating Segments | Cerro Negro            
Segment Information            
Sales     100 145 216 267
Costs Applicable to Sales     83 71 153 134
Depreciation and Amortization     34 42 65 81
Advanced Projects, Research and Development and Exploration     1 4 3 7
Income (Loss) before Income and Mining Tax and Other Items     (31) 15 (24) 23
Capital Expenditures     39 32 74 60
Additional disclosures            
Costs applicable to sales     83 71 153 134
Depreciation and amortization     34 42 65 81
Operating Segments | Yanacocha            
Segment Information            
Sales     132 128 232 255
Costs Applicable to Sales     79 73 135 140
Depreciation and Amortization     22 21 38 46
Advanced Projects, Research and Development and Exploration     6 5 9 6
Income (Loss) before Income and Mining Tax and Other Items     (9) 6 (9) 13
Capital Expenditures     65 90 128 146
Additional disclosures            
Costs applicable to sales     79 73 135 140
Depreciation and amortization     22 21 38 46
Operating Segments | Boddington            
Segment Information            
Sales     476 505 967 985
Costs Applicable to Sales     207 230 427 438
Depreciation and Amortization     36 42 73 78
Advanced Projects, Research and Development and Exploration     1 2 3 3
Income (Loss) before Income and Mining Tax and Other Items     226 245 459 478
Capital Expenditures     37 17 74 35
Additional disclosures            
Costs applicable to sales     207 230 427 438
Depreciation and amortization     36 42 73 78
Operating Segments | Boddington | Gold            
Segment Information            
Sales     394 429 775 810
Costs Applicable to Sales     159 181 326 343
Depreciation and Amortization     27 33 55 61
Additional disclosures            
Costs applicable to sales     159 181 326 343
Depreciation and amortization     27 33 55 61
Operating Segments | Boddington | Copper            
Segment Information            
Sales     82 76 192 175
Costs Applicable to Sales     48 49 101 95
Depreciation and Amortization     9 9 18 17
Additional disclosures            
Costs applicable to sales     48 49 101 95
Depreciation and amortization     9 9 18 17
Operating Segments | Tanami            
Segment Information            
Sales     244 249 367 435
Costs Applicable to Sales     102 84 163 149
Depreciation and Amortization     31 26 50 48
Advanced Projects, Research and Development and Exploration     9 7 13 13
Income (Loss) before Income and Mining Tax and Other Items     100 153 140 231
Capital Expenditures     115 94 189 178
Additional disclosures            
Costs applicable to sales     102 84 163 149
Depreciation and amortization     31 26 50 48
Operating Segments | Ahafo            
Segment Information            
Sales     263 253 512 455
Costs Applicable to Sales     121 129 251 235
Depreciation and Amortization     42 42 81 73
Advanced Projects, Research and Development and Exploration     10 7 16 11
Income (Loss) before Income and Mining Tax and Other Items     91 75 162 142
Capital Expenditures     77 78 167 137
Additional disclosures            
Costs applicable to sales     121 129 251 235
Depreciation and amortization     42 42 81 73
Operating Segments | Akyem            
Segment Information            
Sales     98 203 246 372
Costs Applicable to Sales     54 76 117 143
Depreciation and Amortization     26 33 55 63
Advanced Projects, Research and Development and Exploration     5 4 8 8
Income (Loss) before Income and Mining Tax and Other Items     12 89 61 156
Capital Expenditures     12 8 22 20
Additional disclosures            
Costs applicable to sales     54 76 117 143
Depreciation and amortization     26 33 55 63
Operating Segments | NGM            
Segment Information            
Sales     563 537 1,054 1,081
Costs Applicable to Sales     304 302 590 559
Depreciation and Amortization     105 127 211 252
Advanced Projects, Research and Development and Exploration     10 9 17 15
Income (Loss) before Income and Mining Tax and Other Items     140 91 225 244
Capital Expenditures     123 72 207 138
Additional disclosures            
Costs applicable to sales     304 302 590 559
Depreciation and amortization     105 127 211 252
Corporate and Other            
Segment Information            
Sales     0 0 0 0
Costs Applicable to Sales     0 0 0 0
Depreciation and Amortization     9 12 17 18
Advanced Projects, Research and Development and Exploration     45 47 86 91
Income (Loss) before Income and Mining Tax and Other Items     (204) (301) (299) (618)
Capital Expenditures     21 6 27 22
Additional disclosures            
Costs applicable to sales     0 0 0 0
Depreciation and amortization     $ 9 $ 12 $ 17 $ 18
[1] Excludes Depreciation and amortization and Reclamation and remediation.
v3.23.2
SALES - Schedule of sales by mining operation, product and inventory type (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
SALES        
Sales $ 2,683 $ 3,058 $ 5,362 $ 6,081
Gold Sales from Doré Production        
SALES        
Sales 1,984 2,180 3,880 4,163
Sales from Concentrate and Other Production        
SALES        
Sales 699 878 1,482 1,918
Operating Segments | CC&V        
SALES        
Sales 82 85 173 153
Operating Segments | CC&V | Gold Sales from Doré Production        
SALES        
Sales 82 85 173 148
Operating Segments | CC&V | Sales from Concentrate and Other Production        
SALES        
Sales 0 0 0 5
Operating Segments | Musselwhite        
SALES        
Sales 80 73 163 133
Operating Segments | Musselwhite | Gold Sales from Doré Production        
SALES        
Sales 80 73 163 133
Operating Segments | Musselwhite | Sales from Concentrate and Other Production        
SALES        
Sales 0 0 0 0
Operating Segments | Porcupine        
SALES        
Sales 125 125 248 239
Operating Segments | Porcupine | Gold Sales from Doré Production        
SALES        
Sales 125 125 248 239
Operating Segments | Porcupine | Sales from Concentrate and Other Production        
SALES        
Sales 0 0 0 0
Operating Segments | Éléonore        
SALES        
Sales 100 87 229 181
Operating Segments | Éléonore | Gold Sales from Doré Production        
SALES        
Sales 100 87 229 181
Operating Segments | Éléonore | Sales from Concentrate and Other Production        
SALES        
Sales 0 0 0 0
Operating Segments | Peñasquito        
SALES        
Sales 316 490 692 1,152
Operating Segments | Peñasquito | Gold Sales from Doré Production        
SALES        
Sales 19 25 34 56
Operating Segments | Peñasquito | Sales from Concentrate and Other Production        
SALES        
Sales 297 465 658 1,096
Operating Segments | Peñasquito | Penasquito Gold        
SALES        
Sales 95 230 205 482
Operating Segments | Peñasquito | Penasquito Gold | Gold Sales from Doré Production        
SALES        
Sales 19 25 34 56
Operating Segments | Peñasquito | Penasquito Gold | Sales from Concentrate and Other Production        
SALES        
Sales 76 205 171 426
Operating Segments | Peñasquito | Pensaquito Silver        
SALES        
Sales 124 140 241 296
Operating Segments | Peñasquito | Pensaquito Silver | Gold Sales from Doré Production        
SALES        
Sales 0 0 0 0
Operating Segments | Peñasquito | Pensaquito Silver | Sales from Concentrate and Other Production        
SALES        
Sales 124 140 241 296
Operating Segments | Peñasquito | Pensaquito Silver | Silver streaming agreement        
SALES        
Sales 15 20 31 39
Operating Segments | Peñasquito | Penasquito Lead        
SALES        
Sales 32 28 64 72
Operating Segments | Peñasquito | Penasquito Lead | Gold Sales from Doré Production        
SALES        
Sales 0 0 0 0
Operating Segments | Peñasquito | Penasquito Lead | Sales from Concentrate and Other Production        
SALES        
Sales 32 28 64 72
Operating Segments | Peñasquito | Penasquito Zinc        
SALES        
Sales 65 92 182 302
Operating Segments | Peñasquito | Penasquito Zinc | Gold Sales from Doré Production        
SALES        
Sales 0 0 0 0
Operating Segments | Peñasquito | Penasquito Zinc | Sales from Concentrate and Other Production        
SALES        
Sales 65 92 182 302
Operating Segments | Merian        
SALES        
Sales 104 178 263 373
Operating Segments | Merian | Gold Sales from Doré Production        
SALES        
Sales 104 178 263 373
Operating Segments | Merian | Sales from Concentrate and Other Production        
SALES        
Sales 0 0 0 0
Operating Segments | Cerro Negro        
SALES        
Sales 100 145 216 267
Operating Segments | Cerro Negro | Gold Sales from Doré Production        
SALES        
Sales 100 145 216 267
Operating Segments | Cerro Negro | Sales from Concentrate and Other Production        
SALES        
Sales 0 0 0 0
Operating Segments | Yanacocha        
SALES        
Sales 132 128 232 255
Operating Segments | Yanacocha | Gold Sales from Doré Production        
SALES        
Sales 130 129 224 256
Operating Segments | Yanacocha | Sales from Concentrate and Other Production        
SALES        
Sales 2 (1) 8 (1)
Operating Segments | Boddington        
SALES        
Sales 476 505 967 985
Operating Segments | Boddington | Gold Sales from Doré Production        
SALES        
Sales 100 107 193 198
Operating Segments | Boddington | Sales from Concentrate and Other Production        
SALES        
Sales 376 398 774 787
Operating Segments | Boddington | Boddington Gold        
SALES        
Sales 394 429 775 810
Operating Segments | Boddington | Boddington Gold | Gold Sales from Doré Production        
SALES        
Sales 100 107 193 198
Operating Segments | Boddington | Boddington Gold | Sales from Concentrate and Other Production        
SALES        
Sales 294 322 582 612
Operating Segments | Boddington | Boddington Copper        
SALES        
Sales 82 76 192 175
Operating Segments | Boddington | Boddington Copper | Gold Sales from Doré Production        
SALES        
Sales 0 0 0 0
Operating Segments | Boddington | Boddington Copper | Sales from Concentrate and Other Production        
SALES        
Sales 82 76 192 175
Operating Segments | Tanami        
SALES        
Sales 244 249 367 435
Operating Segments | Tanami | Gold Sales from Doré Production        
SALES        
Sales 244 249 367 435
Operating Segments | Tanami | Sales from Concentrate and Other Production        
SALES        
Sales 0 0 0 0
Operating Segments | Ahafo        
SALES        
Sales 263 253 512 455
Operating Segments | Ahafo | Gold Sales from Doré Production        
SALES        
Sales 263 253 512 455
Operating Segments | Ahafo | Sales from Concentrate and Other Production        
SALES        
Sales 0 0 0 0
Operating Segments | Akyem        
SALES        
Sales 98 203 246 372
Operating Segments | Akyem | Gold Sales from Doré Production        
SALES        
Sales 98 203 246 372
Operating Segments | Akyem | Sales from Concentrate and Other Production        
SALES        
Sales 0 0 0 0
Operating Segments | NGM        
SALES        
Sales 563 537 1,054 1,081
Operating Segments | NGM | Gold Sales from Doré Production        
SALES        
Sales 539 521 1,012 1,050
Operating Segments | NGM | Sales from Concentrate and Other Production        
SALES        
Sales 24 16 42 31
Eliminations | NGM        
SALES        
Sales $ 531 $ 525 $ 1,012 $ 1,051
v3.23.2
SALES - Provisional Sales (Details)
oz in Thousands, lb in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
lb
oz
$ / lb
$ / oz
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
lb
oz
$ / lb
$ / oz
Jun. 30, 2022
USD ($)
Revenue from Contract with Customer [Abstract]        
Increase (decrease) to sales from provisional pricing mark-to-market | $ $ (22) $ (105) $ 0 $ (47)
Gold        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | oz 148   148  
Average provisional price (in dollars per ounce or pound) | $ / oz 1,926   1,926  
Copper        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 36   36  
Average provisional price (in dollars per ounce or pound) | $ / lb 3.72   3.72  
Silver        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | oz 1,966   1,966  
Average provisional price (in dollars per ounce or pound) | $ / oz 22.84   22.84  
Lead        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 26   26  
Average provisional price (in dollars per ounce or pound) | $ / lb 0.95   0.95  
Zinc        
SALES        
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 47   47  
Average provisional price (in dollars per ounce or pound) | $ / lb 1.08   1.08  
v3.23.2
RECLAMATION AND REMEDIATION - Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Reclamation and remediation expense        
Reclamation adjustments and other $ 6 $ 1    
Reclamation accretion 59 43 $ 119 $ 86
Reclamation expense 65 44    
Remediation adjustments and other (1) 3    
Remediation accretion 2 2 4 3
Remediation expense 1 5    
Reclamation and remediation $ 66 $ 49 132 110
Reclamation and remediation        
Reclamation and remediation expense        
Reclamation adjustments and other     8 2
Reclamation accretion     119 86
Reclamation expense     127 88
Remediation adjustments and other     1 19
Remediation accretion     4 3
Remediation expense     $ 5 $ 22
v3.23.2
RECLAMATION AND REMEDIATION - Reconciliation of Obligation (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Change in reclamation liability        
Balance at beginning of period     $ 6,731 $ 5,768
Additions, changes in estimates and other     1 13
Payments, net     (99) (78)
Accretion expense  $ 59 $ 43 119 86
Balance at end of period 6,752 5,789 6,752 5,789
Change in remediation liability        
Balance at beginning of period     373 344
Additions, changes in estimates and other     (2) 13
Payments, net     (12) (23)
Accretion expense  2 2 4 3
Balance at end of period $ 363 $ 337 $ 363 $ 337
v3.23.2
RECLAMATION AND REMEDIATION - Liability Classifications (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Reclamation and remediation expense        
Reclamation liabilities, current $ 467 $ 482    
Reclamation liabilities, non-current 6,285 6,249    
Reclamation obligations, operating properties 6,752 6,731 $ 5,789 $ 5,768
Remediation liabilities, current 44 44    
Remediation liabilities, non-current 319 329    
Total remediation liabilities 363 373 $ 337 $ 344
Total reclamation and remediation liabilities, current 511 526    
Total reclamation and remediation liabilities, non-current 6,604 6,578    
Total reclamation and remediation liabilities 7,115 7,104    
Minera Yanacocha        
Reclamation and remediation expense        
Reclamation obligations, operating properties $ 3,707 $ 3,722    
v3.23.2
RECLAMATION AND REMEDIATION - Narrative (Details) - Other Noncurrent Assets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Reclamation and remediation expense    
Asset retirement obligation restricted assets $ 64 $ 62
Marketable equity securities | Yanacocha    
Reclamation and remediation expense    
Asset retirement obligation restricted assets $ 32 $ 35
v3.23.2
OTHER EXPENSE, NET (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Costs and Expenses [Abstract]        
Newcrest transaction-related costs $ 21 $ 0 $ 21 $ 0
Restructuring and severance 10 0 12 1
Impairment charges 4 2 8 2
COVID-19 specific costs 0 10 0 27
Settlement costs 0 5 0 18
Other 6 5 8 9
Other expense, net $ 41 $ 22 $ 49 $ 57
v3.23.2
OTHER INCOME (LOSS), NET (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Other Income, Net [Line Items]          
Interest income $ 37 $ 11   $ 73 $ 16
Foreign currency exchange, net (11) 27   (22) 28
Change in fair value of investments (42) (135)   (1) (96)
Pension settlement 0 0   0 (130)
Other (1) 22   (4) 33
Other income (loss), net (17) (75)   82 (184)
Pension Plan          
Other Income, Net [Line Items]          
Pension settlement     $ (130)    
Disposed of by sale, not discontinued operations          
Other Income, Net [Line Items]          
Gain (loss) on asset and investment sales, net $ 0 $ 0   $ 36 $ (35)
v3.23.2
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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
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 16.00% 9.00% 7.00% 5.00%
Foreign rate differential 10.00% 12.00% 9.00% 12.00%
Mining and other taxes (net of associated federal benefit) 7.00% 6.00% 6.00% 6.00%
Tax impact of foreign exchange 1.00% (6.00%) 2.00% (3.00%)
Mexico Tax Settlement 0.00% (31.00%) 0.00% (12.00%)
Other (1.00%) (3.00%) 0.00% (5.00%)
Income and mining tax expense (benefit) 54.00% 8.00% 45.00% 24.00%
Reconciling item, amount        
Income (loss) before income and mining tax and other items $ 300 $ 408 $ 839 $ 1,036
U.S. federal statutory tax rate 63 86 176 218
Change in valuation allowance on deferred tax assets 48 37 57 49
Foreign rate differential 32 50 75 119
Mining and other taxes (net of associated federal benefit) 20 22 49 59
Tax impact of foreign exchange 3 (23) 21 (26)
Mexico Tax Settlement 0 (125) 0 (125)
Other (3) (14) (2) (47)
Income and mining tax expense (benefit) 163 33 376 247
Income Tax Contingency [Line Items]        
Income and mining tax expense (benefit) $ 163 33 $ 376 $ 247
Mexican Tax Authority        
Reconciling item, amount        
Income and mining tax expense (benefit)   (125)    
Income Tax Contingency [Line Items]        
Income and mining tax expense (benefit)   (125)    
Increase (decrease) in related uncertain tax position   $ 95    
v3.23.2
FAIR VALUE ACCOUNTING - Recurring Basis (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Carrying value    
Liabilities:    
Debt $ 5,574 $ 5,571
Contingent consideration liabilities (Note 10) 5 3
Level 3    
Assets:    
Long-lived assets   25
Contingent consideration assets (Note 10) 187 188
Liabilities:    
Contingent consideration liabilities (Note 10) 5 3
Recurring    
Assets:    
Cash and cash equivalents 2,829 2,877
Restricted cash 71 67
Time deposits and other (Note 11) 380 846
Long-lived assets   25
Contingent consideration assets (Note 10) 187 188
Derivative assets (Note 10) 11 20
Total assets 3,948 4,682
Liabilities:    
Debt 5,199 5,136
Contingent consideration liabilities (Note 10) 5 3
Derivative liabilities 8  
Total liabilities 5,212 5,139
Recurring | Level 1    
Assets:    
Cash and cash equivalents 2,829 2,877
Restricted cash 71 67
Time deposits and other (Note 11) 0 0
Long-lived assets   0
Contingent consideration assets (Note 10) 0 0
Derivative assets (Note 10) 0 0
Total assets 3,173 3,225
Liabilities:    
Debt 0 0
Contingent consideration liabilities (Note 10) 0 0
Derivative liabilities 0  
Total liabilities 0 0
Recurring | Level 2    
Assets:    
Cash and cash equivalents 0 0
Restricted cash 0 0
Time deposits and other (Note 11) 380 846
Long-lived assets   0
Contingent consideration assets (Note 10) 0 0
Derivative assets (Note 10) 11 20
Total assets 588 1,244
Liabilities:    
Debt 5,199 5,136
Contingent consideration liabilities (Note 10) 0 0
Derivative liabilities 8  
Total liabilities 5,207 5,136
Recurring | Level 3    
Assets:    
Cash and cash equivalents 0 0
Restricted cash 0 0
Time deposits and other (Note 11) 0 0
Long-lived assets   25
Contingent consideration assets (Note 10) 187 188
Derivative assets (Note 10) 0 0
Total assets 187 213
Liabilities:    
Debt 0 0
Contingent consideration liabilities (Note 10) 5 3
Derivative liabilities 0  
Total liabilities 5 3
Recurring | Trade receivable from provisional sales, net     
Assets:    
Trade receivable from provisional sales, net  185 364
Recurring | Trade receivable from provisional sales, net  | Level 1    
Assets:    
Trade receivable from provisional sales, net  0 0
Recurring | Trade receivable from provisional sales, net  | Level 2    
Assets:    
Trade receivable from provisional sales, net  185 364
Recurring | Trade receivable from provisional sales, net  | Level 3    
Assets:    
Trade receivable from provisional sales, net  0 0
Recurring | Marketable and other equity securities    
Assets:    
Marketable equity securities (Note 11) 253 260
Recurring | Marketable and other equity securities | Level 1    
Assets:    
Marketable equity securities (Note 11) 244 250
Recurring | Marketable and other equity securities | Level 2    
Assets:    
Marketable equity securities (Note 11) 9 10
Recurring | Marketable and other equity securities | Level 3    
Assets:    
Marketable equity securities (Note 11) 0 0
Recurring | Restricted marketable debt securities    
Assets:    
Restricted investments 24 27
Recurring | Restricted marketable debt securities | Level 1    
Assets:    
Restricted investments 21 23
Recurring | Restricted marketable debt securities | Level 2    
Assets:    
Restricted investments 3 4
Recurring | Restricted marketable debt securities | Level 3    
Assets:    
Restricted investments 0 0
Recurring | Restricted other assets    
Assets:    
Restricted investments 8 8
Recurring | Restricted other assets | Level 1    
Assets:    
Restricted investments 8 8
Recurring | Restricted other assets | Level 2    
Assets:    
Restricted investments 0 0
Recurring | Restricted other assets | Level 3    
Assets:    
Restricted investments $ 0 $ 0
v3.23.2
FAIR VALUE ACCOUNTING - Quantitative Information (Details)
$ in Millions
Jun. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
$ / oz
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration liabilities (Note 10) $ 5 $ 3
Cripple Creek And Victor Mine    
Quantitative and Qualitative Information - Unobservable Inputs    
Property, plant, and mine development, net   $ 25
Valuation, Income Approach | Discount rate    
Quantitative and Qualitative Information - Unobservable Inputs    
Long-lived and other assets, measurement input   0.0675
Valuation, Income Approach | Measurement Input, Short-Term Gold Price    
Quantitative and Qualitative Information - Unobservable Inputs    
Long-lived and other assets, measurement input | $ / oz   1,750
Valuation, Income Approach | Measurement Input, Long-Term Gold Price    
Quantitative and Qualitative Information - Unobservable Inputs    
Long-lived and other assets, measurement input | $ / oz   1,600
Level 3    
Quantitative and Qualitative Information - Unobservable Inputs    
Long-lived assets   $ 25
Contingent consideration assets 187 188
Contingent consideration liabilities (Note 10) $ 5 $ 3
Level 3 | Monte Carlo | Minimum | Discount rate    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration assets, measurement input 8.76% 8.75%
Level 3 | Monte Carlo | Maximum | Discount rate    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration assets, measurement input 29.59% 29.59%
Level 3 | Discounted cash flow | Minimum | Discount rate    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration liabilities, measurement input 0.0556 0.0556
Level 3 | Discounted cash flow | Maximum | Discount rate    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration liabilities, measurement input 0.0708 0.0708
Level 3 | Discounted cash flow | Weighted Average | Discount rate    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration assets, measurement input 11.87% 11.86%
Contingent consideration liabilities, measurement input 0.0647 0.0607
v3.23.2
FAIR VALUE ACCOUNTING - Changes in the Fair Value of Level 3 Financial Assets and Liabilities (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Summary of changes in Level 3 financial assets    
Fair value, beginning of period $ 188 $ 171
Revaluation (1) 10
Fair value, end of period 187 181
Summary of changes in Level 3 financial liabilities    
Fair value, beginning of period 3 5
Revaluation 2 0
Fair value, end of period 5 5
Other income, net    
Summary of changes in Level 3 financial assets    
Revaluation (7)  
Income (Loss) From Discontinued Operations    
Summary of changes in Level 3 financial assets    
Revaluation 6  
Contingent Consideration Liabilities (2)    
Summary of changes in Level 3 financial liabilities    
Fair value, beginning of period 3 5
Revaluation 2 0
Fair value, end of period 5 5
Contingent consideration assets    
Summary of changes in Level 3 financial assets    
Fair value, beginning of period 188 171
Revaluation (1) 10
Fair value, end of period $ 187 $ 181
v3.23.2
DERIVATIVES INSTRUMENTS - Narrative (Details)
$ in Millions, $ in Millions
May 31, 2023
CAD ($)
May 31, 2023
AUD ($)
Oct. 31, 2022
AUD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]      
Derivative notional amount $ 348 $ 648 $ 574
v3.23.2
DERIVATIVES INSTRUMENTS - Fair Values of Instruments Designated as Hedges (Details) - Designated Hedge - Cash Flow Hedges - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Derivative contracts    
Derivative assets (Note 10) $ 11 $ 20
Derivative liabilities 8 0
Other Current Assets    
Derivative contracts    
Derivative assets (Note 10) 10 12
Other Noncurrent Assets    
Derivative contracts    
Derivative assets (Note 10) 1 8
Other Current Liabilities    
Derivative contracts    
Derivative liabilities $ 8 $ 0
v3.23.2
DERIVATIVES INSTRUMENTS - Gain (Loss) on Derivatives (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Derivative contracts        
Gain (loss) on derivatives $ 3 $ 1 $ 4 $ 2
Foreign Exchange Contract        
Derivative contracts        
Gain (loss) on derivatives 2 0 2 0
Interest Rate Contract        
Derivative contracts        
Gain (loss) on derivatives $ 1 $ 1 $ 2 $ 2
v3.23.2
DERIVATIVES INSTRUMENTS - Contingent Consideration (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Derivative contracts    
Contingent consideration, assets $ 187 $ 188
Contingent consideration liabilities (Note 10) 5 3
Batu Hijau and Elang    
Derivative contracts    
Contingent consideration, assets 145 139
Batu Hijau and Elang | Other Current Assets    
Derivative contracts    
Contingent consideration, assets 69  
Batu Hijau and Elang | Other Noncurrent Assets    
Derivative contracts    
Contingent consideration, assets 76  
Red Lake    
Derivative contracts    
Contingent consideration, assets 32 39
Triple Flag (previously Maverix)    
Derivative contracts    
Contingent consideration, assets 4 4
Other Counterparty    
Derivative contracts    
Contingent consideration, assets 6 6
Contingent consideration liabilities (Note 10) 3 1
Galore Creek    
Derivative contracts    
Contingent consideration liabilities (Note 10) $ 2 $ 2
v3.23.2
INVESTMENTS (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Jan. 31, 2023
Dec. 31, 2022
Investments      
Total short-term investments $ 409   $ 880
Total equity method investments 3,172   3,278
Non-current restricted investments 32   35
Time deposits, maturity of more than three months but less than one year 374   829
Interest receivable $ 6   9
Pueblo Viejo Mine      
Investments      
Ownership interest (as a percent) 40.00%    
Interest receivable $ 12   $ 8
Nueva Union Project      
Investments      
Ownership interest (as a percent) 50.00%    
Norte Abierto Project      
Investments      
Ownership interest (as a percent) 50.00%    
Maverix      
Investments      
Ownership interest (as a percent) 0.00% 28.50% 28.50%
Restricted marketable debt securities      
Investments      
Non-current restricted investments $ 24   $ 27
Restricted other assets      
Investments      
Non-current restricted investments 8   8
Investments - current      
Investments      
Time deposits and other 380   846
Marketable equity securities, current 29   34
Total short-term investments 409   880
Investments - noncurrent      
Investments      
Marketable equity securities, noncurrent 224   226
Equity method investments 2,948   3,052
Total equity method investments 3,172   3,278
Investments - noncurrent | Pueblo Viejo Mine      
Investments      
Equity method investments 1,462   1,435
Investments - noncurrent | Nueva Union Project      
Investments      
Equity method investments 961   956
Investments - noncurrent | Norte Abierto Project      
Investments      
Equity method investments 525   518
Investments - noncurrent | Maverix      
Investments      
Equity method investments $ 0   $ 143
v3.23.2
INVESTMENTS - Narrative (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Jan. 31, 2023
Dec. 31, 2022
Investments              
Equity income (loss) of affiliates $ 16,000,000   $ 17,000,000 $ 41,000,000 $ 56,000,000    
Interest receivable 6,000,000     6,000,000     $ 9,000,000
Related Party | Pueblo Viejo Mine              
Investments              
Due to related parties 0     0     0
Due from related parties 0     0     0
Pueblo Viejo Revolving Facility              
Investments              
Credit facility, amount outstanding 0     0      
Pueblo Viejo Mine              
Investments              
Equity income (loss) of affiliates 15,000,000   23,000,000 36,000,000 58,000,000    
Share of loans included in investment 403,000,000     403,000,000     356,000,000
Interest receivable $ 12,000,000     $ 12,000,000     $ 8,000,000
Ownership interest (as a percent) 40.00%     40.00%      
Purchases $ 104,000,000   $ 129,000,000 $ 221,000,000 $ 267,000,000    
Maverix              
Investments              
Ownership interest (as a percent) 0.00%     0.00%   28.50% 28.50%
Gain on sale of equity method investment   $ 36,000,000          
Triple Flag              
Investments              
Ownership interest (as a percent)           7.50%  
v3.23.2
INVENTORIES (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Inventory, net    
Materials and supplies $ 818 $ 750
In-process 149 123
Concentrate 88 47
Precious metals 56 59
Inventories $ 1,111 $ 979
v3.23.2
STOCKPILES AND ORE ON LEACH PADS - Schedule (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Stockpiles And Ore On Leach Pads    
Current stockpiles and ore on leach pads $ 858 $ 774
Non-current stockpiles and ore on leach pads 1,737 1,716
Stockpiles and ore on leach pads 2,595 2,490
Stockpiles    
Stockpiles And Ore On Leach Pads    
Current stockpiles and ore on leach pads 591 480
Non-current stockpiles and ore on leach pads 1,338 1,391
Stockpiles and ore on leach pads 1,929 1,871
Ore on Leach Pads    
Stockpiles And Ore On Leach Pads    
Current stockpiles and ore on leach pads 267 294
Non-current stockpiles and ore on leach pads 399 325
Stockpiles and ore on leach pads $ 666 $ 619
v3.23.2
DEBT - Minimum Debt Repayments (Details)
$ in Millions
Jun. 30, 2023
USD ($)
Scheduled minimum debt repayments  
2023 (for the remainder of 2023) $ 0
2024 0
2025 0
2026 0
2027 0
Thereafter 5,624
Total face value of debt 5,624
Unamortized premiums, discounts, and issuance costs (50)
Net carrying amount $ 5,574
v3.23.2
OTHER LIABILITIES (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Other current liabilities:    
Reclamation and remediation liabilities $ 511 $ 526
Accrued operating costs 293 370
Accrued capital expenditures 228 221
Other 461 409
Other current liabilities 1,564 1,599
Other non-current liabilities:    
Income and mining taxes 220 206
Other 206 224
Other long-term liabilities, total 426 430
NGM    
Other current liabilities:    
Payables to NGM $ 71 $ 73
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%
v3.23.2
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​ - Components of AOCI (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]            
Balance at beginning of period $ 19,559 $ 19,533 $ 21,631 $ 21,813 $ 19,533 $ 21,813
Gain (loss) in other comprehensive income (loss) before reclassifications         (15)  
(Gain) loss reclassified from accumulated other comprehensive income (loss)         (1)  
Other comprehensive income (loss) (10) (6) 1 121 (16) 122
Balance at end of period 19,415 19,559 $ 21,599 $ 21,631 19,415 $ 21,599
Total            
AOCI Attributable to Parent, Net of Tax [Roll Forward]            
Balance at beginning of period   29     29  
Balance at end of period 13       13  
Unrealized Gain (Loss) on Investment Securities, net            
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         (1)  
(Gain) loss reclassified from accumulated other comprehensive income (loss)         0  
Other comprehensive income (loss)         (1)  
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   126     126  
Gain (loss) in other comprehensive income (loss) before reclassifications         (5)  
(Gain) loss reclassified from accumulated other comprehensive income (loss)         0  
Other comprehensive income (loss)         (5)  
Balance at end of period 121       121  
Pension and Other Post-retirement Benefit Adjustments            
AOCI Attributable to Parent, Net of Tax [Roll Forward]            
Balance at beginning of period   (27)     (27)  
Gain (loss) in other comprehensive income (loss) before reclassifications         1  
(Gain) loss reclassified from accumulated other comprehensive income (loss)         (4)  
Other comprehensive income (loss)         (3)  
Balance at end of period (30)       (30)  
Unrealized Gain (Loss) on Hedge Instruments            
AOCI Attributable to Parent, Net of Tax [Roll Forward]            
Balance at beginning of period   $ (69)     (69)  
Gain (loss) in other comprehensive income (loss) before reclassifications         (10)  
(Gain) loss reclassified from accumulated other comprehensive income (loss)         3  
Other comprehensive income (loss)         (7)  
Balance at end of period $ (76)       $ (76)  
v3.23.2
NET CHANGE IN OPERATING ASSETS AND LIABILITIES (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Decrease (increase) in operating assets:    
Trade and other receivables  $ 175 $ 45
Inventories, stockpiles and ore on leach pads  (261) (47)
Other assets  15 (72)
Increase (decrease) in operating liabilities:    
Accounts payable (84) 55
Reclamation and remediation liabilities  (111) (101)
Accrued tax liabilities (91) (347)
Other accrued liabilities (112) (35)
Net change in operating assets and liabilities $ (469) $ (502)
v3.23.2
COMMITMENTS AND CONTINGENCIES - Environmental Matters (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2023
USD ($)
plant
Dec. 31, 2022
USD ($)
Jun. 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Loss contingencies        
Number of operational water treatment plants | plant 5      
Number of water treatment plants to be constructed | plant 2      
Remediation liability $ 363 $ 373 $ 337 $ 344
Cripple Creek And Victor Mine        
Loss contingencies        
Remediation liability   $ 20    
Midnite mine and Dawn mill sites        
Loss contingencies        
Remediation liability $ 178      
Remediation liability assumed (in percent) 100.00%      
Minera Yanacocha        
Loss contingencies        
Noncontrolling interest, ownership percentage by parent 100.00%      
Cripple Creek And Victor Mine        
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%      
v3.23.2
COMMITMENTS AND CONTINGENCIES - Other Legal Matters - NWG, etc. (Details)
$ in Millions
 1 Months Ended
Aug. 16, 2021
USD ($)
Dec. 24, 2018
co-defendant
plaintiff
Feb. 26, 2014
USD ($)
Sep. 24, 2012
USD ($)
Apr. 08, 2008
Aug. 31, 2020
USD ($)
Jun. 30, 2023
Sep. 30, 2007
Pending Litigation | Labrador                
Loss contingencies                
Uranium mining moratorium term         3 years      
Kirkland Royalty Matter | Pending Litigation                
Loss contingencies                
Damages sought $ 350              
NWG New York Case | Pending Litigation                
Loss contingencies                
Damages sought       $ 750        
NWG Ontario Complaint | Pending Litigation                
Loss contingencies                
Damages sought     $ 1,200          
Ghana Parliament Cases                
Loss contingencies                
Number of plaintiffs | plaintiff   2            
Number of co-defendants | co-defendant   33            
Mining and mineral rights | Holt option                
Loss contingencies                
Purchase of option for mining and mineral rights           $ 75    
Newmont Corporation, Newmont Canada Corporation, And Newmont Canada FN Holdings ULC                
Loss contingencies                
Noncontrolling interest, ownership percentage by parent             100.00%  
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%