NEWMONT CORP /DE/, DEF 14A filed on 3/11/2024
Proxy Statement (definitive)
v3.24.0.1
Cover
 12 Months Ended
Dec. 31, 2023
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name Newmont Corporation
Entity Central Index Key 0001164727
v3.24.0.1
Pay vs Performance Disclosure
 3 Months Ended 9 Months Ended 12 Months Ended
Mar. 25, 2022
USD ($)
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Dec. 29, 2023
$ / shares
Nov. 03, 2023
$ / shares
Jul. 27, 2023
$ / shares
Jul. 26, 2023
$ / shares
Feb. 28, 2023
$ / shares
Feb. 24, 2023
$ / shares
Feb. 22, 2023
$ / shares
Dec. 30, 2022
$ / shares
Jul. 26, 2022
$ / shares
Feb. 25, 2022
$ / shares
Feb. 24, 2022
$ / shares
Feb. 22, 2022
$ / shares
Jul. 26, 2021
$ / shares
Feb. 26, 2021
$ / shares
Feb. 25, 2021
$ / shares
Feb. 24, 2021
$ / shares
Feb. 22, 2021
$ / shares
Jul. 28, 2020
$ / shares
Jul. 27, 2020
$ / shares
Feb. 27, 2020
$ / shares
Feb. 26, 2020
$ / shares
Feb. 05, 2020
$ / shares
Dec. 31, 2019
$ / shares
Pay vs Performance Disclosure                                                          
Pay vs Performance Disclosure, Table    
Pay Versus Performance Table
The following summarizes the relationship between the executive compensation actually paid by the Company and the financial performance of Newmont over a four-year performance period.
​
YEAR
​ ​
SUMMARY
COMPENSATION
TABLE TOTAL
FOR PEO(1)
 ​ ​
COMPENSATION
ACTUALLY
PAID TO PEO(1)
 ​ ​
AVERAGE
SUMMARY
COMPENSATION
TABLE FOR
NON-PEO
NEOS(2)
 ​ ​
AVERAGE
COMPENSATION
ACTUALLY
PAID TO
NON-PEO
NEOS(2)(3)
​ ​
VALUE OF INITIAL
FIXED $100
INVESTMENT
BASED ON:
​ ​
NET
INCOME
($M)(5)
 ​ ​
FCF
($M)(6)
 ​
​
TOTAL
SHARE-
HOLDER
RETURN
​ ​
PEER
GROUP
TOTAL
SHARE-
HOLDER
RETURN(4)
 ​
​
2023
​ ​ ​ $ 11,747,104 ​ ​ ​ ​ $ 1,125,000 ​ ​ ​ ​ $ 3,949,153 ​ ​ ​ ​ $ 1,569,024 ​ ​ ​ ​ $ 100.82 ​ ​ ​ ​ $ 156.39 ​ ​ ​ ​ $ (2,467) ​ ​ ​ ​ $ 88 ​ ​
​
2022
​ ​ ​ $ 13,654,538 ​ ​ ​ ​ $ 3,407,020 ​ ​ ​ ​ $ 3,904,167 ​ ​ ​ ​ $ 1,166,702 ​ ​ ​ ​ $ 113.19 ​ ​ ​ ​ $ 137.66 ​ ​ ​ ​ $ (369) ​ ​ ​ ​ $ 1,067 ​ ​
​
2021
​ ​ ​ $ 12,667,106 ​ ​ ​ ​ $ 15,415,524 ​ ​ ​ ​ $ 3,922,861 ​ ​ ​ ​ $ 3,707,302 ​ ​ ​ ​ $ 145.20 ​ ​ ​ ​ $ 150.22 ​ ​ ​ ​ $ 233 ​ ​ ​ ​ $ 2,613 ​ ​
​
2020
​ ​ ​ $ 12,202,285 ​ ​ ​ ​ $ 14,852,971 ​ ​ ​ ​ $ 4,943,217 ​ ​ ​ ​ $ 5,525,436 ​ ​ ​ ​ $ 138.96 ​ ​ ​ ​ $ 138.86 ​ ​ ​ ​ $ 2,791 ​ ​ ​ ​ $ 3,588 ​ ​
(1)
In his capacity as Chief Executive Officer, Mr. Palmer is included as our PEO for 2023, 2022, 2021, and 2020. See the Summary Compensation Table Total versus Compensation Actually Paid Reconciliation Table below for additional details.
​
(2)
In 2023, the Non-PEO NEOs comprises Ms. Ovelmen, Ms. Viljoen, Mr. Atkinson, Mr. Toth, Mr. Tabolt, and Mr. Puna. In 2022, the Non-PEOs comprises Mr. Tabolt, Mr. Atkinson, Ms. Lipson, Mr. Toth, and Ms. Buese. In 2021, the Non-PEOs comprises Ms. Buese, Mr. Atkinson, Mr. Gotesfeld, and Ms. Lipson. In 2020, the Non-PEOs comprises Ms. Buese, Mr. Atkinson, Mr. Engel, and Mr. Gotesfeld. See Summary Compensation Table Total versus Compensation Actually Paid Reconciliation Table for additional details.
​
(3)
Upon receiving clarified guidance for the 2024 PVP calculations regarding the treatment of transitioning PEOs, the 2022 values have been updated to remove prorations for PEOs that only served for a portion of the year. In the 2023 Newmont Proxy Statement, the average compensation for PEOs was determined prorating for time served in role, which has been corrected in the table above.
​
(4)
Peer Group TSR is market cap weighted, with the following peers (peers published in 2023 Newmont Annual report): Agnico Eagle Mines Ltd (AEM US); Anglogold Ashanti Ltd (AU US); Freeport (FCX US), Gold Fields Ltd (GFI US); Barrick Gold Corp (GOLD US); Harmony Gold Mining Co Ltd (HMY US), and Kinross Gold Corp (KGC US). Newcrest, included in the peer group for 2020 to 2022, was removed for 2023 as a result of Newmont’s acquisition of Newcrest in 2023.
​
(5)
Represents Company Net Income as disclosed in respective year’s Newmont Annual Report.
​
(6)
Transitioning from reporting Adjusted EBITDA in the 2023 Proxy Statement to Free Cash Flow in the 2024 Proxy Statement.
​
Summary Compensation Table Total versus Compensation Actually Paid Reconciliation Table
​
ADJUSTMENTS(7)(8)(9)
​ ​
PEO
​ ​
OTHER NEO AVERAGE
​
​
2023
​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2023
​ ​
2022
​ ​
2021
​ ​
2020
​
​ Summary Compensation
Table Total 		​ ​
(+)
​ ​ ​ $ 11,747,104 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 13,654,538 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 12,667,106 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 12,202,285 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,949,153 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,904,167 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,922,861 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 4,943,217 ​ ​
​ Deduction for amount
reported in “Stock
Awards” column of the
Summary Compensation
Table 		​ ​
(-)
​ ​ ​ $ 8,896,322 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 10,132,164 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 8,566,067 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 7,659,869 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,899,811 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,665,646 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,287,820 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,639,891 ​ ​
​ Deduction for amounts
reported in “Option
Awards” column of the
Summary Compensation
Table 		​ ​
(-)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​
​ Addition of fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding ​ ​
(+)
​ ​ ​ $ 7,410,447 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 6,409,104 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 10,094,687 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 9,490,638 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 2,021,753 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 1,722,529 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 2,696,083 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,270,846 ​ ​
​ Addition of fair value at
vesting date, of equity
awards granted during
the FY that vested during
the FY 		​ ​
(+)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​
​ Addition of change in fair
value at FY end versus
prior FY end for awards
granted in prior FY that
remained outstanding 		​ ​
(-)
​ ​ ​ $ 6,203,785 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 6,161,789 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,757,541 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 2,114,057 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 757,830 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 1,381,313 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 672,482 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 1,179,673 ​ ​
​ Addition of change in fair
value at vesting date
versus prior FY end for
awards granted in prior
FY that vested during the
FY 		​ ​
(-)
​ ​ ​ $ 3,262,797 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 1,432,304 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,698,509 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 1,096,571 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 835,620 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 629,778 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 1,357,393 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 863,441 ​ ​
​ Deduction of the fair
value at the prior FY end
for awards granted in
prior FY that failed to
meet their vesting
conditions 		​ ​
(-)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 291,792 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 116,408 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​
​ Addition in respect of any
dividends or other
earnings paid during
applicable FY prior to
vesting date of
underlying award 		​ ​
(+)
​ ​ ​ $ 664,022 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 806,513 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 769,710 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 305,363 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 74,826 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 124,336 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 246,121 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 163,566 ​ ​
​ Addition of incremental
fair value of in respect of
any options or SARS
modified during the FY 		​ ​
(+)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​
​ Deduction for values
reported in the “Change
in Pension Value and
Nonqualified Deferred
Compensation Earnings”
column of the Summary
Compensation Table 		​ ​
(-)
​ ​ ​ $ 652,107 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 66,595 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 606,521 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 602,107 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 140,779 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 31,278 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 241,736 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 741,074 ​ ​
​ Addition for the Service
Cost attributable to
services rendered during
the FY 		​ ​
(+)
​ ​ ​ $ 318,437 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 329,717 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 289,369 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 99,175 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 157,331 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 123,685 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 173,112 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 212,540 ​ ​
​ Addition for the prior
Service Cost in respect of
a plan amendment or
initiation during the FY 		​ ​
(+)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​
​
Compensation Actually
Paid
​ ​ ​ ​ ​ ​ $ 1,125,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,407,020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 15,415,524 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 14,852,971 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,569,024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,166,702 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,707,302 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,525,436 ​ ​
(7)
Equity valuations have been calculated in accordance with the requirements for Compensation Actually Paid. Adjustment for restricted stock units represents the sum of changes in fair value during the fiscal year. The fair market values at the end of the fiscal years were December 29, 2023 = $41.39; December 30, 2022 = $47.20; December 31,2021 = $62.02; December 31, 2020 = $59.89; and December 31, 2019 = $43.45. The restricted stock unit awards vest pro-ratably over three years. See the Compensation Discussion and Analysis for a description of this award and the rationale. The fair market values per share for restricted stock units on the following vest dates are as follows: 2/25/2020 = $50.07, 2/26/2020 = $49.17, 2/27/2020 = $48.30, 7/27/2020 = $69.20, 7/28/2020 = $68.23, 2/22/2021 = $57.12, 2/24/2021 = $56.76, 2/25/2021 = $56.63, 2/26/2021 = 55.01, 7/26/2021 = $60.59, 2/22/2022 = $67.67, 2/24/2022 = $67.90, 2/25/2022 = $67.07, 7/26/2022 = $44.59 (2020 Plan) and $45.81 (2013 Plan), 2/22/2023 = $45.17, 2/24/2023 = $43.58, 2/28/2023 = $43.34, 7/26/2023 = $43.61, 7/27/2023 = $43.45, 11/3/2023 = $37.96.
​
(8)
Equity valuations have been calculated in accordance with the requirements for Compensation Actually Paid. Adjustment for performance stock units represents the sum of changes in fair value during the fiscal year. The performance stock unit awards vest with a three-year cliff. Pursuant to ASC 718, the grant date fair value of Performance Stock Units (“PSU”) is determined by multiplying the target number of shares by a Monte Carlo calculation model which determined a grant date fair value for the 2017 to 2020 program, 2019 fair value = $52.21 and 2/27/2020 vest date fair market value = $48.30; 2018 to 2021 program, 2019 fair value = $40.89, 2020 fair value = $52.33, and 2/26/2021 vest date fair market value = $55.01; for the 2019 to 2022 program 2019 fair value = $47.24, 2020 fair value = $71.44, 2021 fair value = $98.67, and 2/25/2022 vest date fair market value = $67.07; for the 2020 to 2023 program 2020 fair value = $74.67, 2021 fair value = $107.46, 2022 fair value = $89.85, and 2/24/2023 vest date fair market value = $43.58; for the 2021 to 2024 program 2021 fair value = $80.06, 2022 fair value = $57.58, and 2023 fair value = $32.23; and for the 2022 to 2025 program 2022 fair value = $46.14 and 2023 fair value = $23.21; for the 2023 to 2026 program 2023 fair value = $37.27. The Monte Carlo model is further described in the Newmont’s Annual Report on Form 10-K for the year ended December 29, 2023. The maximum value of the Performance Stock Units is 200% of target. See the Compensation Discussion and Analysis for a description of this award and the rationale.
​
(9)
The total pension benefit adjustments for each applicable year includes the aggregate of two components: (i) the actuarially determined service cost for services rendered during the applicable year (“service cost”), and (ii) the entire cost of benefits granted in a plan amendment during the applicable year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment (“prior service cost”), which was $0, in each case calculated in accordance with U.S. GAAP using the same methodologies the Company uses for its financial statements. Service cost for fiscal 2022 for the Qualified Plan was remeasured due to the settlement accounting required from the retiree annuity purchase on March 25, 2022. The discount rate used for determining the service cost reflected 3.03% from January 1, 2022, through March 25, 2022, and 4.09% from March 26, 2022 through December 31, 2022. The amount of service cost was $0 for Mr. Tabolt for 2023,2022, 2021, and 2020, Mr. Atkinson for 2021 and 2020, Mr. Toth for 2023, 2022, 2021, and 2020, Ms. Viljoen for 2023, 2022, 2021, and 2020, and Ms. Ovelmen for 2023, 2022, 2021, and 2020 due to ineligibility to participate in our Pension Plan and Pension Equalization Plan and be included in relevant census data for each respective year, based on the same methodologies that the Company uses to compute service cost for its financial statements under U.S. GAAP. All assumptions are consistent with those used in our preliminary expense letters issued for fiscal years 2020, 2021, and 2022 issued March 16, 2020, March 8, 2021, and February 24, 2022 and April 5, 2022, and January 31, 2023, respectively.
​
                                                    
Company Selected Measure Name     FCF                                                    
Named Executive Officers, Footnote    
(1)
In his capacity as Chief Executive Officer, Mr. Palmer is included as our PEO for 2023, 2022, 2021, and 2020. See the Summary Compensation Table Total versus Compensation Actually Paid Reconciliation Table below for additional details.
​
(2)
In 2023, the Non-PEO NEOs comprises Ms. Ovelmen, Ms. Viljoen, Mr. Atkinson, Mr. Toth, Mr. Tabolt, and Mr. Puna. In 2022, the Non-PEOs comprises Mr. Tabolt, Mr. Atkinson, Ms. Lipson, Mr. Toth, and Ms. Buese. In 2021, the Non-PEOs comprises Ms. Buese, Mr. Atkinson, Mr. Gotesfeld, and Ms. Lipson. In 2020, the Non-PEOs comprises Ms. Buese, Mr. Atkinson, Mr. Engel, and Mr. Gotesfeld. See Summary Compensation Table Total versus Compensation Actually Paid Reconciliation Table for additional details.
                                                   
Peer Group Issuers, Footnote    
(4)
Peer Group TSR is market cap weighted, with the following peers (peers published in 2023 Newmont Annual report): Agnico Eagle Mines Ltd (AEM US); Anglogold Ashanti Ltd (AU US); Freeport (FCX US), Gold Fields Ltd (GFI US); Barrick Gold Corp (GOLD US); Harmony Gold Mining Co Ltd (HMY US), and Kinross Gold Corp (KGC US). Newcrest, included in the peer group for 2020 to 2022, was removed for 2023 as a result of Newmont’s acquisition of Newcrest in 2023.
                                                   
PEO Total Compensation Amount     $ 11,747,104 $ 13,654,538 $ 12,667,106 $ 12,202,285                                              
PEO Actually Paid Compensation Amount     $ 1,125,000 3,407,020 15,415,524 14,852,971                                              
Adjustment To PEO Compensation, Footnote    
Summary Compensation Table Total versus Compensation Actually Paid Reconciliation Table
​
ADJUSTMENTS(7)(8)(9)
​ ​
PEO
​ ​
OTHER NEO AVERAGE
​
​
2023
​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2023
​ ​
2022
​ ​
2021
​ ​
2020
​
​ Summary Compensation
Table Total 		​ ​
(+)
​ ​ ​ $ 11,747,104 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 13,654,538 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 12,667,106 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 12,202,285 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,949,153 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,904,167 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,922,861 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 4,943,217 ​ ​
​ Deduction for amount
reported in “Stock
Awards” column of the
Summary Compensation
Table 		​ ​
(-)
​ ​ ​ $ 8,896,322 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 10,132,164 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 8,566,067 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 7,659,869 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,899,811 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,665,646 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,287,820 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,639,891 ​ ​
​ Deduction for amounts
reported in “Option
Awards” column of the
Summary Compensation
Table 		​ ​
(-)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​
​ Addition of fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding ​ ​
(+)
​ ​ ​ $ 7,410,447 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 6,409,104 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 10,094,687 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 9,490,638 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 2,021,753 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 1,722,529 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 2,696,083 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,270,846 ​ ​
​ Addition of fair value at
vesting date, of equity
awards granted during
the FY that vested during
the FY 		​ ​
(+)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​
​ Addition of change in fair
value at FY end versus
prior FY end for awards
granted in prior FY that
remained outstanding 		​ ​
(-)
​ ​ ​ $ 6,203,785 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 6,161,789 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,757,541 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 2,114,057 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 757,830 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 1,381,313 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 672,482 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 1,179,673 ​ ​
​ Addition of change in fair
value at vesting date
versus prior FY end for
awards granted in prior
FY that vested during the
FY 		​ ​
(-)
​ ​ ​ $ 3,262,797 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 1,432,304 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,698,509 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 1,096,571 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 835,620 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 629,778 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 1,357,393 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 863,441 ​ ​
​ Deduction of the fair
value at the prior FY end
for awards granted in
prior FY that failed to
meet their vesting
conditions 		​ ​
(-)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 291,792 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 116,408 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​
​ Addition in respect of any
dividends or other
earnings paid during
applicable FY prior to
vesting date of
underlying award 		​ ​
(+)
​ ​ ​ $ 664,022 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 806,513 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 769,710 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 305,363 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 74,826 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 124,336 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 246,121 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 163,566 ​ ​
​ Addition of incremental
fair value of in respect of
any options or SARS
modified during the FY 		​ ​
(+)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​
​ Deduction for values
reported in the “Change
in Pension Value and
Nonqualified Deferred
Compensation Earnings”
column of the Summary
Compensation Table 		​ ​
(-)
​ ​ ​ $ 652,107 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 66,595 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 606,521 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 602,107 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 140,779 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 31,278 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 241,736 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 741,074 ​ ​
​ Addition for the Service
Cost attributable to
services rendered during
the FY 		​ ​
(+)
​ ​ ​ $ 318,437 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 329,717 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 289,369 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 99,175 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 157,331 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 123,685 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 173,112 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 212,540 ​ ​
​ Addition for the prior
Service Cost in respect of
a plan amendment or
initiation during the FY 		​ ​
(+)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​
​
Compensation Actually
Paid
​ ​ ​ ​ ​ ​ $ 1,125,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,407,020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 15,415,524 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 14,852,971 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,569,024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,166,702 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,707,302 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,525,436 ​ ​
(7)
Equity valuations have been calculated in accordance with the requirements for Compensation Actually Paid. Adjustment for restricted stock units represents the sum of changes in fair value during the fiscal year. The fair market values at the end of the fiscal years were December 29, 2023 = $41.39; December 30, 2022 = $47.20; December 31,2021 = $62.02; December 31, 2020 = $59.89; and December 31, 2019 = $43.45. The restricted stock unit awards vest pro-ratably over three years. See the Compensation Discussion and Analysis for a description of this award and the rationale. The fair market values per share for restricted stock units on the following vest dates are as follows: 2/25/2020 = $50.07, 2/26/2020 = $49.17, 2/27/2020 = $48.30, 7/27/2020 = $69.20, 7/28/2020 = $68.23, 2/22/2021 = $57.12, 2/24/2021 = $56.76, 2/25/2021 = $56.63, 2/26/2021 = 55.01, 7/26/2021 = $60.59, 2/22/2022 = $67.67, 2/24/2022 = $67.90, 2/25/2022 = $67.07, 7/26/2022 = $44.59 (2020 Plan) and $45.81 (2013 Plan), 2/22/2023 = $45.17, 2/24/2023 = $43.58, 2/28/2023 = $43.34, 7/26/2023 = $43.61, 7/27/2023 = $43.45, 11/3/2023 = $37.96.
​
(8)
Equity valuations have been calculated in accordance with the requirements for Compensation Actually Paid. Adjustment for performance stock units represents the sum of changes in fair value during the fiscal year. The performance stock unit awards vest with a three-year cliff. Pursuant to ASC 718, the grant date fair value of Performance Stock Units (“PSU”) is determined by multiplying the target number of shares by a Monte Carlo calculation model which determined a grant date fair value for the 2017 to 2020 program, 2019 fair value = $52.21 and 2/27/2020 vest date fair market value = $48.30; 2018 to 2021 program, 2019 fair value = $40.89, 2020 fair value = $52.33, and 2/26/2021 vest date fair market value = $55.01; for the 2019 to 2022 program 2019 fair value = $47.24, 2020 fair value = $71.44, 2021 fair value = $98.67, and 2/25/2022 vest date fair market value = $67.07; for the 2020 to 2023 program 2020 fair value = $74.67, 2021 fair value = $107.46, 2022 fair value = $89.85, and 2/24/2023 vest date fair market value = $43.58; for the 2021 to 2024 program 2021 fair value = $80.06, 2022 fair value = $57.58, and 2023 fair value = $32.23; and for the 2022 to 2025 program 2022 fair value = $46.14 and 2023 fair value = $23.21; for the 2023 to 2026 program 2023 fair value = $37.27. The Monte Carlo model is further described in the Newmont’s Annual Report on Form 10-K for the year ended December 29, 2023. The maximum value of the Performance Stock Units is 200% of target. See the Compensation Discussion and Analysis for a description of this award and the rationale.
​
(9)
The total pension benefit adjustments for each applicable year includes the aggregate of two components: (i) the actuarially determined service cost for services rendered during the applicable year (“service cost”), and (ii) the entire cost of benefits granted in a plan amendment during the applicable year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment (“prior service cost”), which was $0, in each case calculated in accordance with U.S. GAAP using the same methodologies the Company uses for its financial statements. Service cost for fiscal 2022 for the Qualified Plan was remeasured due to the settlement accounting required from the retiree annuity purchase on March 25, 2022. The discount rate used for determining the service cost reflected 3.03% from January 1, 2022, through March 25, 2022, and 4.09% from March 26, 2022 through December 31, 2022. The amount of service cost was $0 for Mr. Tabolt for 2023,2022, 2021, and 2020, Mr. Atkinson for 2021 and 2020, Mr. Toth for 2023, 2022, 2021, and 2020, Ms. Viljoen for 2023, 2022, 2021, and 2020, and Ms. Ovelmen for 2023, 2022, 2021, and 2020 due to ineligibility to participate in our Pension Plan and Pension Equalization Plan and be included in relevant census data for each respective year, based on the same methodologies that the Company uses to compute service cost for its financial statements under U.S. GAAP. All assumptions are consistent with those used in our preliminary expense letters issued for fiscal years 2020, 2021, and 2022 issued March 16, 2020, March 8, 2021, and February 24, 2022 and April 5, 2022, and January 31, 2023, respectively.
                                                   
Non-PEO NEO Average Total Compensation Amount     $ 3,949,153 3,904,167 3,922,861 4,943,217                                              
Non-PEO NEO Average Compensation Actually Paid Amount     $ 1,569,024 1,166,702 3,707,302 5,525,436                                              
Adjustment to Non-PEO NEO Compensation Footnote    
Summary Compensation Table Total versus Compensation Actually Paid Reconciliation Table
​
ADJUSTMENTS(7)(8)(9)
​ ​
PEO
​ ​
OTHER NEO AVERAGE
​
​
2023
​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2023
​ ​
2022
​ ​
2021
​ ​
2020
​
​ Summary Compensation
Table Total 		​ ​
(+)
​ ​ ​ $ 11,747,104 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 13,654,538 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 12,667,106 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 12,202,285 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,949,153 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,904,167 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,922,861 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 4,943,217 ​ ​
​ Deduction for amount
reported in “Stock
Awards” column of the
Summary Compensation
Table 		​ ​
(-)
​ ​ ​ $ 8,896,322 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 10,132,164 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 8,566,067 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 7,659,869 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,899,811 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,665,646 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,287,820 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,639,891 ​ ​
​ Deduction for amounts
reported in “Option
Awards” column of the
Summary Compensation
Table 		​ ​
(-)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​
​ Addition of fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding ​ ​
(+)
​ ​ ​ $ 7,410,447 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 6,409,104 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 10,094,687 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 9,490,638 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 2,021,753 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 1,722,529 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 2,696,083 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,270,846 ​ ​
​ Addition of fair value at
vesting date, of equity
awards granted during
the FY that vested during
the FY 		​ ​
(+)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​
​ Addition of change in fair
value at FY end versus
prior FY end for awards
granted in prior FY that
remained outstanding 		​ ​
(-)
​ ​ ​ $ 6,203,785 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 6,161,789 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 3,757,541 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 2,114,057 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 757,830 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 1,381,313 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 672,482 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 1,179,673 ​ ​
​ Addition of change in fair
value at vesting date
versus prior FY end for
awards granted in prior
FY that vested during the
FY 		​ ​
(-)
​ ​ ​ $ 3,262,797 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 1,432,304 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 2,698,509 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 1,096,571 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 835,620 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 629,778 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 1,357,393 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 863,441 ​ ​
​ Deduction of the fair
value at the prior FY end
for awards granted in
prior FY that failed to
meet their vesting
conditions 		​ ​
(-)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 291,792 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 116,408 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 0 ​ ​
​ Addition in respect of any
dividends or other
earnings paid during
applicable FY prior to
vesting date of
underlying award 		​ ​
(+)
​ ​ ​ $ 664,022 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 806,513 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 769,710 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 305,363 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 74,826 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 124,336 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 246,121 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 163,566 ​ ​
​ Addition of incremental
fair value of in respect of
any options or SARS
modified during the FY 		​ ​
(+)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​
​ Deduction for values
reported in the “Change
in Pension Value and
Nonqualified Deferred
Compensation Earnings”
column of the Summary
Compensation Table 		​ ​
(-)
​ ​ ​ $ 652,107 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 66,595 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 606,521 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 602,107 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 140,779 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 31,278 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 241,736 ​ ​ ​ ​
​
(-)
 ​ ​ ​ ​ $ 741,074 ​ ​
​ Addition for the Service
Cost attributable to
services rendered during
the FY 		​ ​
(+)
​ ​ ​ $ 318,437 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 329,717 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 289,369 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 99,175 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 157,331 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 123,685 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 173,112 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 212,540 ​ ​
​ Addition for the prior
Service Cost in respect of
a plan amendment or
initiation during the FY 		​ ​
(+)
​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​ ​ ​
​
(+)
 ​ ​ ​ ​ $ 0 ​ ​
​
Compensation Actually
Paid
​ ​ ​ ​ ​ ​ $ 1,125,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,407,020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 15,415,524 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 14,852,971 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,569,024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,166,702 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,707,302 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,525,436 ​ ​
(7)
Equity valuations have been calculated in accordance with the requirements for Compensation Actually Paid. Adjustment for restricted stock units represents the sum of changes in fair value during the fiscal year. The fair market values at the end of the fiscal years were December 29, 2023 = $41.39; December 30, 2022 = $47.20; December 31,2021 = $62.02; December 31, 2020 = $59.89; and December 31, 2019 = $43.45. The restricted stock unit awards vest pro-ratably over three years. See the Compensation Discussion and Analysis for a description of this award and the rationale. The fair market values per share for restricted stock units on the following vest dates are as follows: 2/25/2020 = $50.07, 2/26/2020 = $49.17, 2/27/2020 = $48.30, 7/27/2020 = $69.20, 7/28/2020 = $68.23, 2/22/2021 = $57.12, 2/24/2021 = $56.76, 2/25/2021 = $56.63, 2/26/2021 = 55.01, 7/26/2021 = $60.59, 2/22/2022 = $67.67, 2/24/2022 = $67.90, 2/25/2022 = $67.07, 7/26/2022 = $44.59 (2020 Plan) and $45.81 (2013 Plan), 2/22/2023 = $45.17, 2/24/2023 = $43.58, 2/28/2023 = $43.34, 7/26/2023 = $43.61, 7/27/2023 = $43.45, 11/3/2023 = $37.96.
​
(8)
Equity valuations have been calculated in accordance with the requirements for Compensation Actually Paid. Adjustment for performance stock units represents the sum of changes in fair value during the fiscal year. The performance stock unit awards vest with a three-year cliff. Pursuant to ASC 718, the grant date fair value of Performance Stock Units (“PSU”) is determined by multiplying the target number of shares by a Monte Carlo calculation model which determined a grant date fair value for the 2017 to 2020 program, 2019 fair value = $52.21 and 2/27/2020 vest date fair market value = $48.30; 2018 to 2021 program, 2019 fair value = $40.89, 2020 fair value = $52.33, and 2/26/2021 vest date fair market value = $55.01; for the 2019 to 2022 program 2019 fair value = $47.24, 2020 fair value = $71.44, 2021 fair value = $98.67, and 2/25/2022 vest date fair market value = $67.07; for the 2020 to 2023 program 2020 fair value = $74.67, 2021 fair value = $107.46, 2022 fair value = $89.85, and 2/24/2023 vest date fair market value = $43.58; for the 2021 to 2024 program 2021 fair value = $80.06, 2022 fair value = $57.58, and 2023 fair value = $32.23; and for the 2022 to 2025 program 2022 fair value = $46.14 and 2023 fair value = $23.21; for the 2023 to 2026 program 2023 fair value = $37.27. The Monte Carlo model is further described in the Newmont’s Annual Report on Form 10-K for the year ended December 29, 2023. The maximum value of the Performance Stock Units is 200% of target. See the Compensation Discussion and Analysis for a description of this award and the rationale.
​
(9)
The total pension benefit adjustments for each applicable year includes the aggregate of two components: (i) the actuarially determined service cost for services rendered during the applicable year (“service cost”), and (ii) the entire cost of benefits granted in a plan amendment during the applicable year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment (“prior service cost”), which was $0, in each case calculated in accordance with U.S. GAAP using the same methodologies the Company uses for its financial statements. Service cost for fiscal 2022 for the Qualified Plan was remeasured due to the settlement accounting required from the retiree annuity purchase on March 25, 2022. The discount rate used for determining the service cost reflected 3.03% from January 1, 2022, through March 25, 2022, and 4.09% from March 26, 2022 through December 31, 2022. The amount of service cost was $0 for Mr. Tabolt for 2023,2022, 2021, and 2020, Mr. Atkinson for 2021 and 2020, Mr. Toth for 2023, 2022, 2021, and 2020, Ms. Viljoen for 2023, 2022, 2021, and 2020, and Ms. Ovelmen for 2023, 2022, 2021, and 2020 due to ineligibility to participate in our Pension Plan and Pension Equalization Plan and be included in relevant census data for each respective year, based on the same methodologies that the Company uses to compute service cost for its financial statements under U.S. GAAP. All assumptions are consistent with those used in our preliminary expense letters issued for fiscal years 2020, 2021, and 2022 issued March 16, 2020, March 8, 2021, and February 24, 2022 and April 5, 2022, and January 31, 2023, respectively.
                                                   
Compensation Actually Paid vs. Total Shareholder Return    
Compensation Actually Paid versus Total Shareholder Return
[MISSING IMAGE: bc_tsr-pn.jpg]
                                                   
Compensation Actually Paid vs. Net Income    
Compensation Actually Paid versus Free Cash Flow and Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
                                                   
Compensation Actually Paid vs. Company Selected Measure    
Compensation Actually Paid versus Free Cash Flow and Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
                                                   
Total Shareholder Return Vs Peer Group    
Compensation Actually Paid versus Total Shareholder Return
[MISSING IMAGE: bc_tsr-pn.jpg]
                                                   
Tabular List, Table    
Tabular List of Financial Performance Measures
​ Absolute Total Shareholder Return (TSR) ​
​ Free Cash Flow ​
​ Relative Total Shareholder Return (rTSR) ​
(1)
Excludes Depreciation and amortization and Reclamation and remediation.
                                                   
Total Shareholder Return Amount     $ 100.82 113.19 145.2 138.96                                              
Peer Group Total Shareholder Return Amount     156.39 137.66 150.22 138.86                                              
Net Income (Loss)     $ (2,467) $ (369) $ 233 $ 2,791                                              
Company Selected Measure Amount     88 1,067 2,613 3,588                                              
PEO Name     Mr. Palmer                                                    
Restricted Stock Units Per Share | $ / shares         $ 62.02 $ 59.89 $ 47.2 $ 37.96 $ 43.45 $ 43.61 $ 43.34 $ 43.58 $ 45.17 $ 41.39   $ 67.07 $ 67.9 $ 67.67 $ 60.59 $ 55.01 $ 56.63 $ 56.76 $ 57.12 $ 68.23 $ 69.2 $ 48.3 $ 49.17 $ 50.07 $ 43.45
Performance Stock Units Payout Per Share For 2017 to 2020 Program | $ / shares                                                   $ 48.3     52.21
Performance Stock Units Payout Per Share For 2018 to 2021 Program | $ / shares           52.33                           $ 55.01                 40.89
Performance Stock Units Payout Per Share For 2019 to 2022 Program | $ / shares         98.67 71.44                   $ 67.07                         $ 47.24
Performance Stock Units Payout Per Share For 2020 to 2023 Program | $ / shares   $ 89.85   $ 89.85 107.46 $ 74.67           $ 43.58                                  
Performance Stock Units Payout Per Share For 2021 to 2024 Program | $ / shares   57.58 $ 32.23 57.58 $ 80.06                                                
Performance Stock Units Payout Per Share For 2022 to 2025 Program | $ / shares   $ 46.14 23.21 $ 46.14                                                  
Performance Stock Units Payout Per Share For 2023 To 2026 Program | $ / shares     $ 37.27                                                    
Maximum Target in Performance Stock Units   200.00%   200.00%                                                  
Discount rate For The Service Cost $ 3.03 $ 4.09                                                      
Measure:: 1                                                          
Pay vs Performance Disclosure                                                          
Name     Absolute Total Shareholder Return (TSR)                                                    
Measure:: 2                                                          
Pay vs Performance Disclosure                                                          
Name     Free Cash Flow                                                    
Non-GAAP Measure Description    
(6)
Transitioning from reporting Adjusted EBITDA in the 2023 Proxy Statement to Free Cash Flow in the 2024 Proxy Statement.
                                                   
Measure:: 3                                                          
Pay vs Performance Disclosure                                                          
Name     Relative Total Shareholder Return (rTSR)                                                    
Pension Adjustments Service Cost [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount       $ 0                                                  
2020 Plan [Member]                                                          
Pay vs Performance Disclosure                                                          
Restricted Stock Units Per Share | $ / shares                             $ 44.59                            
2013 Plan [Member]                                                          
Pay vs Performance Disclosure                                                          
Restricted Stock Units Per Share | $ / shares                             $ 45.81                            
Mr. Tabolt [Member]                                                          
Pay vs Performance Disclosure                                                          
Service Cost Amount     $ 0                                                    
Mr. Gottesfeld [Member]                                                          
Pay vs Performance Disclosure                                                          
Service Cost Amount       0                                                  
Mr. Engel [Member]                                                          
Pay vs Performance Disclosure                                                          
Service Cost Amount         $ 0 $ 0                                              
PEO | Stock Awards Value In Compensation Table For The Applicable Year Member                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     (8,896,322) (10,132,164) (8,566,067) (7,659,869)                                              
PEO | Option Awards Value In Compensation Table For The Applicable Year [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     0 0 0 0                                              
PEO | Equity Awards Adjustments Year End Fair Value Of Awards Granted In Current Year Member                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     7,410,447 6,409,104 10,094,687 9,490,638                                              
PEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     0 0 0 0                                              
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     (6,203,785) (6,161,789) 3,757,541 2,114,057                                              
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Granted In Prior Fiscal Year Vested During Fiscal Year [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     (3,262,797) (1,432,304) (2,698,509) (1,096,571)                                              
PEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     0 0 (291,792) 0                                              
PEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     664,022 806,513 769,710 305,363                                              
PEO | Fair Value Of In Respect Of Any Options Or S A R S Modified [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     0 0 0 0                                              
PEO | Change in Pension Value and Nonqualified Deferred Compensation Earnings [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     (652,107) (66,595) (606,521) (602,107)                                              
PEO | Pension Adjustments Service Cost [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     318,437 329,717 289,369 99,175                                              
PEO | Pension Adjustments Prior Service Cost Member                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     0 0 0 0                                              
Non-PEO NEO | Stock Awards Value In Compensation Table For The Applicable Year Member                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     (2,899,811) (2,665,646) (2,287,820) (2,639,891)                                              
Non-PEO NEO | Option Awards Value In Compensation Table For The Applicable Year [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     0 0 0 0                                              
Non-PEO NEO | Equity Awards Adjustments Year End Fair Value Of Awards Granted In Current Year Member                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     2,021,753 1,722,529 2,696,083 3,270,846                                              
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     0 0 0 0                                              
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     (757,830) (1,381,313) 672,482 1,179,673                                              
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Granted In Prior Fiscal Year Vested During Fiscal Year [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     (835,620) (629,778) (1,357,393) (863,441)                                              
Non-PEO NEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     0 0 (116,408) 0                                              
Non-PEO NEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     74,826 124,336 246,121 163,566                                              
Non-PEO NEO | Fair Value Of In Respect Of Any Options Or S A R S Modified [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     0 0 0 0                                              
Non-PEO NEO | Change in Pension Value and Nonqualified Deferred Compensation Earnings [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     (140,779) (31,278) (241,736) (741,074)                                              
Non-PEO NEO | Pension Adjustments Service Cost [Member]                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     157,331 123,685 173,112 212,540                                              
Non-PEO NEO | Pension Adjustments Prior Service Cost Member                                                          
Pay vs Performance Disclosure                                                          
Adjustment to Compensation, Amount     $ 0 $ 0 $ 0 $ 0