NEWMONT CORP /DE/, 10-Q filed on 4/24/2025
Quarterly Report
v3.25.1
Cover - shares
 3 Months Ended
Mar. 31, 2025
Apr. 16, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2025  
Document Transition Report false  
Entity File Number 001-31240  
Entity Registrant Name NEWMONT CORPORATION  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 84-1611629  
Entity Address, Address Line One 6900 E Layton Ave  
Entity Address, City or Town Denver  
Entity Address, State or Province CO  
Entity Address, Postal Zip Code 80237  
City Area Code (303)  
Local Phone Number 863-7414  
Title of 12(b) Security Common stock, par value $1.60 per share  
Trading Symbol NEM  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   1,112,996,934
Entity Central Index Key 0001164727  
Amendment Flag false  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q1  
Current Fiscal Year End Date --12-31  
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Sales (Note 5) $ 5,010 $ 4,023
Costs and expenses:    
Costs applicable to sales [1] 2,106 2,106
Depreciation and amortization 593 654
Reclamation and remediation (Note 6) 93 98
Exploration 49 53
Advanced projects, research and development 43 53
General and administrative 110 101
(Gain) loss on sale of assets held for sale (Note 3) (276) 485
Other expense, net (Note 7) 43 73
Total costs and expenses 2,761 3,623
Other income (expense):    
Change in fair value of investments and options 291 31
Other income (loss), net (Note 8) 10 90
Interest expense, net of capitalized interest (79) (93)
Total other income (expense) 222 28
Income (loss) before income and mining tax and other items 2,471 428
Income and mining tax benefit (expense) (Note 9) (647) (260)
Equity income (loss) of affiliates (Note 12) 78 7
Net income (loss) from continuing operations 1,902 175
Net income (loss) from discontinued operations 0 4
Net income (loss) 1,902 179
Net loss (income) attributable to noncontrolling interests [2] (11) (9)
Net income (loss) attributable to Newmont stockholders 1,891 170
Net income (loss) attributable to Newmont stockholders:    
Continuing operations 1,891 166
Discontinued operations 0 4
Net income (loss) attributable to Newmont stockholders $ 1,891 $ 170
Weighted average common shares:    
Basic (in shares) 1,126 1,153
Effect of employee stock-based awards (in shares) 1 0
Diluted (in shares) 1,127 1,153
Basic:    
Continuing operations (in dollars per share) $ 1.68 $ 0.15
Discontinued operations (in dollars per share) 0 0
Net income (loss) per common share, basic (in dollars per share) 1.68 0.15
Diluted:    
Continuing operations (in dollars per share) 1.68 0.15
Discontinued operations (in dollars per share) 0 0
Net income (loss) per common share, diluted (in dollars per share) $ 1.68 $ 0.15
[1] Excludes Depreciation and amortization and Reclamation and remediation.
[2] Relates to the Suriname Gold project C.V. (“Merian”) reportable segment.
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Net income (loss) $ 1,902 $ 179
Other comprehensive income (loss):    
Change in cash flow hedges, net of tax 60 (35)
Other Comprehensive Income (Loss), Other Adjustment, After Tax (4) 5
Other comprehensive income (loss) 56 (30)
Comprehensive income (loss) 1,958 149
Comprehensive income (loss) attributable to:    
Newmont stockholders  1,947 140
Noncontrolling interests 11 9
Comprehensive income (loss) $ 1,958 $ 149
v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 4,698 $ 3,619
Trade receivables (Note 5) 887 1,056
Investments (Note 12) 18 21
Inventories (Note 13) 1,493 1,423
Stockpiles and ore on leach pads (Note 14) 792 761
Other current assets 653 786
Assets held for sale (Note 3) 2,199 4,609
Current assets 10,740 12,275
Property, plant and mine development, net 33,568 33,547
Investments ($413 and $212 under fair value option) (Note 12) 4,856 4,471
Stockpiles and ore on leach pads (Note 14) 2,409 2,266
Deferred income tax assets 59 124
Goodwill 2,658 2,658
Derivative assets (Note 11) 344 142
Other non-current assets 885 866
Total assets 55,519 56,349
LIABILITIES    
Accounts payable 771 843
Employee-related benefits 502 630
Income and mining taxes payable 378 381
Lease and other financing obligations 109 107
Debt (Note 15) 0 924
Other current liabilities (Note 16) 2,357 2,481
Liabilities held for sale (Note 3) 1,309 2,177
Current liabilities 5,426 7,543
Debt (Note 15) 7,507 7,552
Lease and other financing obligations 370 389
Reclamation and remediation liabilities (Note 6) 6,376 6,394
Deferred income tax liabilities 2,733 2,820
Employee-related benefits 575 555
Silver streaming agreement 671 699
Other non-current liabilities ($131 and $51 valued under fair value option) (Note 16) 430 288
Total liabilities 24,088 26,240
Commitments and contingencies (Note 18)
EQUITY    
Common stock 1,803 1,813
Treasury stock (293) (278)
Additional paid-in capital 29,624 29,808
Accumulated other comprehensive income (loss) (Note 17) (39) (95)
Retained earnings (Accumulated deficit) 153 (1,320)
Newmont stockholders' equity 31,248 29,928
Noncontrolling interests 183 181
Total equity 31,431 30,109
Total liabilities and equity $ 55,519 $ 56,349
v3.25.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Marketable securities $ 413 $ 212
Fair value option, liability, noncurrent $ 131 $ 51
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Operating activities:      
Net income (loss) $ 1,902 $ 179  
Non-cash adjustments:      
Depreciation and amortization 593 654  
(Gain) loss on sale of assets held for sale (Note 3) (276) 485  
Change in fair value of investments and options (291) (31)  
Net (income) loss from discontinued operations 0 (4)  
Deferred income taxes 125 53  
Reclamation and remediation 89 94  
Stock-based compensation 21 21  
Other non-cash adjustments 9 (9)  
Change in operating assets and liabilities:      
Trade and other receivables 228 (84)  
Inventories, stockpiles and ore on leach pads (175) (193)  
Other assets (9) (7)  
Accounts payable (69) (91)  
Reclamation and remediation liabilities (Note 6) (95) (59)  
Accrued tax liabilities [1] 91 90  
Other accrued liabilities (112) (322)  
Net cash provided by (used in) operating activities of continuing operations 2,031 776  
Net cash provided by (used in) operating activities 2,031 776  
Investing activities:      
Proceeds from sales of mining operations and other assets, net 1,684 0  
Additions to property, plant and mine development (826) (850)  
Contributions to equity method investees (31) (15)  
Return of investment from equity method investees 20 25  
Proceeds from sales of investments 7 3  
Other  (116) 39  
Net cash provided by (used in) investing activities 738 (798)  
Financing activities:      
Repayment of debt (985) (3,423)  
Repurchases of common stock (348) 0  
Dividends paid to common stockholders (282) (288)  
Distributions to noncontrolling interests (44) (41)  
Funding from noncontrolling interests 39 22  
Payments on lease and other financing obligations (23) (18)  
Payments for withholding of employee taxes related to stock-based compensation (15) (10)  
Proceeds from issuance of debt, net 0 3,476  
Other (4) (17)  
Net cash provided by (used in) financing activities (1,662) (299)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash (5) (3)  
Net change in cash, cash equivalents and restricted cash, including cash and restricted cash reclassified to assets held for sale 1,102 (324)  
Less: change in cash and restricted cash reclassified to assets held for sale [2] (22) (395)  
Net change in cash, cash equivalents and restricted cash 1,080 (719)  
Cash, cash equivalents and restricted cash at beginning of period  3,650 3,100 $ 3,100
Cash, cash equivalents and restricted cash at end of period  4,730 2,381 3,650
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 4,698 2,336 3,619
Restricted cash included in other current assets 1 6  
Restricted cash included in other non-current assets 31 39  
Total cash, cash equivalents and restricted cash $ 4,730 $ 2,381 $ 3,650
[1] Includes $465 and $96 of cash payments for income and mining taxes, net of refunds, for the three months ended March 31, 2025 and 2024, respectively.
[2] During the first quarter of 2024, certain non-core assets were determined to meet the criteria for assets held for sale. As a result, at March 31, 2025 and March 31, 2024 the related assets, including $67 and $342 of Cash and cash equivalents, respectively, and $93 and $53 of restricted cash, respectively, included in Other current assets and Other non-current assets, were reclassified to Assets held for sale. Refer to Note 3 for additional information.
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income and mining taxes paid, net of refunds $ 465 $ 96
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program    
Disposal group, including discontinued operation, cash and cash equivalents 67 342
Disposal group, including discontinued operation, restricted cash and restricted cash equivalents $ 93 $ 53
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Noncontrolling Interests
Balance at beginning of period (in shares) at Dec. 31, 2023   1,159          
Balance at beginning of period at Dec. 31, 2023 $ 29,205 $ 1,854 $ (264) $ 30,419 $ 14 $ (2,996) $ 178
Balance at beginning of period (in shares) at Dec. 31, 2023     (7)        
Changes in Equity              
Net income (loss) 179         170 9
Other comprehensive income (loss)  (30)       (30)    
Dividends declared [1] (285)         (285)  
Distributions declared to noncontrolling interests (35)           (35)
Cash calls requested from noncontrolling interests 33           33
Withholding of employee taxes related to stock-based compensation (10)   $ (10)        
Stock-based awards and related share issuances (in shares)   1          
Stock-based awards and related share issuances 18 $ 1   17      
Balance at end of period (in shares) at Mar. 31, 2024   1,160          
Balance at end of period at Mar. 31, 2024 29,075 $ 1,855 $ (274) 30,436 (16) (3,111) 185
Balance at end of period (in shares) at Mar. 31, 2024     (7)        
Balance at beginning of period (in shares) at Dec. 31, 2024   1,134          
Balance at beginning of period at Dec. 31, 2024 30,109 $ 1,813 $ (278) 29,808 (95) (1,320) 181
Balance at beginning of period (in shares) at Dec. 31, 2024     (7)        
Changes in Equity              
Net income (loss) 1,902         1,891 11
Other comprehensive income (loss)  56       56    
Dividends declared [2] (280)         (280)  
Distributions declared to noncontrolling interests (44)           (44)
Cash calls requested from noncontrolling interests 35           35
Repurchase and retirement of common stock (in shares)   (8)          
Repurchase and retirement of common stock (351) [3] $ (12)   (201)   (138)  
Withholding of employee taxes related to stock-based compensation (15)   $ (15)        
Stock-based awards and related share issuances (in shares)   1          
Stock-based awards and related share issuances 19 $ 2   17      
Balance at end of period (in shares) at Mar. 31, 2025   1,127          
Balance at end of period at Mar. 31, 2025 $ 31,431 $ 1,803 $ (293) $ 29,624 $ (39) $ 153 $ 183
Balance at end of period (in shares) at Mar. 31, 2025     (7)        
[1] Cash dividends paid per common share were $0.25 for the three months ended March 31, 2024.
[2] Cash dividends paid per common share were $0.25 for the three months ended March 31, 2025.
[3] In April 2025, an additional $407 of common stock was repurchased and retired
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended
Apr. 23, 2025
Mar. 31, 2025
Mar. 31, 2024
Cash dividends declared per common share (in dollars per share)   $ 0.25 $ 0.25
Repurchase and retirement of common stock [1]   $ 351  
Common Stock      
Repurchase and retirement of common stock   $ 12  
Common Stock | Subsequent Event      
Repurchase and retirement of common stock $ 407    
[1] In April 2025, an additional $407 of common stock was repurchased and retired
v3.25.1
BASIS OF PRESENTATION
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BASIS OF PRESENTATION BASIS OF PRESENTATION
The interim Condensed Consolidated Financial Statements (“interim statements”) of Newmont Corporation, a Delaware corporation and its subsidiaries (collectively, “Newmont,” “we,” “us,” or the “Company”) are unaudited. In the opinion of management, all normal recurring adjustments and disclosures necessary for a fair presentation of these interim statements have been included. The results reported in these interim statements are not necessarily indicative of the results that may be reported for the entire year. These interim statements should be read in conjunction with Newmont’s Consolidated Financial Statements for the year ended December 31, 2024, as filed with the SEC on February 21, 2025 on Form 10-K. The year-end balance sheet data was derived from the audited financial statements and, in accordance with the instructions to Form 10-Q, certain information and footnote disclosures required by GAAP have been condensed or omitted.
Divestiture of Non-Core Assets
Based on a comprehensive review of the Company’s portfolio of assets following the Newcrest acquisition, the Company’s Board of Directors approved a portfolio optimization program to divest six non-core assets and a development project in February 2024. The non-core assets to be divested included Akyem, CC&V, Éléonore, Porcupine, Musselwhite, Telfer, and the Coffee development project in Canada. In February 2024, the Company concluded that these non-core assets and the development project met the accounting requirements to be presented as held for sale in the first quarter of 2024, based on progress made through the Company's active sales program and management’s expectation that the sale is probable and will be completed within 12 months.
The Company completed the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024 and completed the sale of the CC&V, Musselwhite, and Éléonore reportable segments in the first quarter of 2025. On April 15, 2025, the Company completed the sale of the Akyem and Porcupine reportable segments to Zijin Mining Group Co., Ltd. and Discovery Silver Corp., respectively, for total pre-tax cash proceeds of $1,088, net of working capital adjustments. The Company is currently evaluating the impact of the Akyem and Porcupine completed sales on its consolidated financial statements.
Refer to Note 3 for further information on divestitures.
v3.25.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Risks and Uncertainties
As a global mining company, the Company’s revenue, profitability and future rate of growth are substantially dependent on prevailing metal prices, primarily for gold, but also for copper, silver, lead, and zinc. Historically, the commodity markets have been very volatile, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or extended decline in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital and on the quantities of reserves that the Company can economically produce. The carrying value of the Company’s Property, plant and mine development, net; Inventories; Stockpiles and ore on leach pads; Investments; certain Derivative assets; Deferred income tax assets; and Goodwill are particularly sensitive to the outlook for commodity prices. A decline in the Company’s price outlook from current levels could result in material impairment charges related to these assets.
The Company's global operations expose it to risks associated with public health crises, geopolitical and macroeconomic pressures, including but not limited to inflationary conditions, as well as the effects of certain countermeasures taken by central banks, supply chain disruptions resulting from global conflicts and other global events, an uncertain and evolving labor market and trade environment including tariff and regulatory changes.
Factors that could have further potential short- and, possibly, long-term material adverse impacts on the Company include, but are not limited to, volatility in commodity prices and the prices for gold and other metals, changes in the equity and debt markets or country specific factors adversely impacting discount rates, significant cost inflation impacts on production, capital and asset retirement costs, logistical challenges, workforce interruptions and financial market disruptions, energy market disruptions, as well as potential impacts to estimated costs and timing of projects.
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, Item 8, of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 21, 2025.
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the accounting for and recognition and disclosure of assets, liabilities, equity, revenues and expenses. The Company must make these estimates and assumptions because certain information used is dependent on future events, cannot be calculated with a high degree of precision from data available or simply cannot be readily calculated based on generally accepted methodologies. Actual results could differ from these estimates.
Indemnification Liabilities
The Company has provided certain indemnifications in connection with divestitures. The indemnifications contingently require the Company, as guarantor, to make payments to the guaranteed party and are initially measured at the greater of fair value or the contingent liability amount to be recognized in accordance with ASC 450 and are included in Other non-current liabilities. For indemnifications provided in sales agreements, a portion of the sale proceeds is allocated to the guarantee, which adjusts the gain or loss that would otherwise result from the transaction. The subsequent accounting for the liability depends on the nature of the underlying guarantee. Indemnification liabilities are reduced as the Company is released from risk under the guarantee. The recognition and measurement provisions of ASC 450 continue to apply to the contingent loss portion of the guarantee unless the guarantee is accounted for as a derivative.
Reclassifications
Certain amounts and disclosures in prior years have been reclassified to conform to the current year presentation.
Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules
Improvement to Income Tax Disclosures
In December 2023, ASU 2023-09 was issued which requires disaggregated information about the effective tax rate reconciliation and additional information on taxes paid that meet a qualitative threshold. The new guidance is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. The Company adopted this standard as of January 1, 2025 and will be reflect the new disclosure requirements in its annual report.
Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules
Disaggregation of Income Statement Expenses
In November 2024, ASU 2024-03 was issued, requiring additional disclosures in the notes to the financial statements on the nature of certain expense captions presented on the face of the Consolidated Statement of Operations. The new guidance is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the impacts of the guidance on its consolidated financial statements.
v3.25.1
DIVESTITURES
 3 Months Ended
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
DIVESTITURES DIVESTITURES
Based on a comprehensive review of the Company’s portfolio of assets, the Company’s Board of Directors approved a portfolio optimization program to divest six non-core assets and a development project in February 2024. The non-core assets to be divested included the CC&V, Musselwhite, Porcupine, Éléonore, Telfer, and Akyem reportable segments, and the Coffee development project which is included within the non-operating segment Corporate and Other. The Telfer disposal group also included the Havieron development project, which was 70% owned by the Company and accounted for under proportionate consolidation, and other related assets.
In February 2024, based on progress made through the Company's active sales program and management’s expectation that the sale is probable and will be completed within 12 months, the Company concluded that these non-core assets and the development project met the accounting requirements to be presented as held for sale and were recorded at the lower of the carrying value or fair value, less costs to sell. These assets are periodically valued until sale occurs with any resulting impact recognized in (Gain) loss on sale of assets held for sale.
The Company completed the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024 and completed the sale of the CC&V, Musselwhite, and Éléonore reportable segments in the first quarter of 2025. The sale of the Akyem and Porcupine reportable segments closed in April 2025; refer to Note 1 for further information.
The Coffee reportable segment remains designated as held for sale at March 31, 2025. While the Company remains committed to a plan to sell this asset for a fair price, there is a possibility that the asset held for sale may exceed one year due to events or circumstances beyond the Company's control.
Gains or losses recognized on the completion of the sales are recognized in (Gain) loss on sale of assets held for sale. All sales agreements include transitional services support to be provided by the Company up to a one-year period following close. Gains recognized on the completed sales during the three months ended March 31, 2025 are summarized in the table below; value of consideration received and indemnifications provided represent the value at the time of close.
CC&V (1)
Musselwhite (2)
Éléonore (3)
Cash received, net of working capital adjustments (4)
$109 $799 $784 
Deferred consideration received154 14 — 
Value of consideration received263 813 784 
Less: Carrying value of net assets divested(196)(794)(612)
Less: Indemnification provided(65)— — 
Gain on completed sales (5)(6)
$2 $19 $172 
____________________________
(1)Sale of the CC&V reportable segment to SSR Mining Inc. ("SSR") closed on February 28, 2025. The deferred consideration consists of $175 payable in two installments of $87.5 upon certain regulatory approvals. The deferred payments meet the definition of a derivative asset and are included as contingent consideration in Derivative assets. The indemnification consists of a guarantee in which the Company will indemnify SSR for 90% of certain closure costs over $500 related to the Company’s historical mining activities with no limitation to the maximum potential future payments. The Company has an opportunity to fully settle the indemnification at certain milestones through a one-time lump sum payment. The indemnification is included in Other non-current liabilities.
(2)Sale of the Musselwhite reportable segment to Orla Mining Ltd closed on February 28, 2025. The deferred consideration consists of $40 payable in two installments of $20 on the first and second year anniversary of the close date, dependent on the average spot gold price over the respective period. The deferred payments meet the definition of a derivative asset and are included as contingent consideration in Other current assets and Derivative assets, respectively.
(3)Sale of the Éléonore reportable segment to Dhilmar Ltd closed on February 28, 2025.
(4)Certain working capital adjustments are to be finalized over a defined period from the close of sale. Any resulting revisions will be settled in cash, with an offsetting impact recognized in (Gain) loss on sale of assets held for sale. Adjustments are not expected to be material.
(5)Recognized in (Gain) loss on sale of assets held for sale for the three months ended March 31, 2025.
(6)A total net loss of $15 was recognized on the divestment of the CC&V reportable segment since designation as held for sale in the first quarter of 2024, of which a gain of $2 was recognized for the three months ended March 31, 2025. This total loss includes a prior period write-down to recognize the assets held for sale of the CC&V reportable segment at the lower of the carrying value or fair value, less costs to sell. No prior period write-downs were incurred on the Musselwhite or Éléonore reportable segments.
At March 31, 2025, assets held for sale consisted of the Akyem and Porcupine reportable segments, subsequently sold in April 2025, and the Coffee development project. At December 31, 2024, assets held for sale consisted of the CC&V, Musselwhite, Porcupine, Éléonore, and Akyem reportable segments and the Coffee development project.
The estimated fair values of assets held for sale are considered a non-recurring level 2 or 3 fair value measurements and were determined using (i) the market approach for disposal groups in which a binding sales agreement was in place but close had not yet occurred, or (ii) the income approach in the absence of a binding sales agreement. For fair values estimated using the income approach, the significant inputs at March 31, 2025 and December 31, 2024 included (i) cash flow information available to the Company, (ii) a long-term gold price of $1,900, (iii) current estimates of resources and exploration potential, and (iv) a reporting unit specific discount rate of 9.75%. Additional losses may be incurred as the Company continues to evaluate the definitive sales agreements, as the active sales program progresses, or as fair value estimates change.
For the three months ended March 31, 2025 and 2024, (Gain) loss on sale of assets held for sale consisted of the following:
Three Months Ended
March 31,
20252024
(Gain) on completed sales$(193)$— 
(Reversals of write-downs) write-downs on assets classified as held for sale (1)
(76)352
Tax impacts (2)
(17)133
Other (3)
10 — 
$(276)$485 
____________________________
(1)Resulted in an aggregate net book value of the assets held for sale of $890 and $3,305 at March 31, 2025 and 2024, respectively.
(2)In 2024, a tax impact on write-downs of assets held for sale resulted in the establishment of a deferred tax asset, which increased the respective carrying values of the related disposal groups and resulted in an additional loss. In 2025, a tax impact on the reversal of prior write-downs of assets held for sale resulted in the reduction to the deferred tax asset, which decreased the respective carrying values of the related disposal group and resulted in an additional gain.
(3)Primarily consists of the impact of finalization of certain working capital adjustments on completed sales and certain costs incurred under the transitional services support agreements.
The following table presents the carrying value of the major classes of assets and liabilities held for sale by disposal group as of March 31, 2025. The carrying values are presented prior to the recognition of the cumulative write-down of $606, which consists of a reversal of a prior period write-down of $76, excluding tax impacts, for the three months ended March 31, 2025.
At March 31, 2025
Porcupine (1)
Akyem (1)
Coffee Project (2)
Total
Assets held for sale:
Property, plant and mine development, net
$1,586 $568 $321 $2,475 
Other assets
103 226 1 330 
Carrying value of assets held for sale
$1,689 $794 $322 $2,805 
Liabilities held for sale:
Reclamation and remediation liabilities
$536 $432 $3 $971 
Other liabilities
280 56 2 338 
Carrying value of liabilities held for sale
$816 $488 $5 $1,309 
____________________________
(1)In April 2025, the Company completed the sales of the Akyem and Porcupine reportable segments. Refer to Note 1 for further information.
(2)The Coffee Project is included in Corporate and Other in Note 4.
The following table presents the carrying value of the major classes of assets and liabilities held for sale by disposal group as of December 31, 2024, prior to recognition of the write-down of $699, excluding tax impacts.
At December 31, 2024
CC&V (1)
Musselwhite (1)
Porcupine
Éléonore (1)
Akyem
Coffee Project (2)
Total
Assets held for sale:
Property, plant and mine development, net
$170 $1,063 $1,541 $785 $559 $321 $4,439 
Other assets
408 39 93 70 258 1 869 
Carrying value of assets held for sale
$578 $1,102 $1,634 $855 $817 $322 $5,308 
Liabilities held for sale:
Reclamation and remediation liabilities
$334 $82 $563 $87 $427 $3 $1,496 
Other liabilities
37 257 223 71 91 2 681 
Carrying value of liabilities held for sale
$371 $339 $786 $158 $518 $5 $2,177 
____________________________
(1)Divested as of March 31, 2025.
(2)The Coffee Project is included in Corporate and Other in Note 4.
v3.25.1
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company regularly reviews its segment reporting for alignment with its strategic goals and operational structure as well as for evaluation of business performance and allocation of resources by Newmont’s Chief Operating Decision Maker ("CODM"). The reportable segments of the Company comprise each of its 13 mining operations that it manages, which includes its 70.0% proportionate interest in Red Chris, and its 38.5% proportionate interest in Nevada Gold Mines ("NGM") which it does not directly manage. Newmont consolidates Suriname Gold project C.V. (“Merian”) through its wholly-owned subsidiary, Newmont Suriname LLC., as the primary beneficiary of Merian, which is a variable interest entity. The reportable segments at March 31, 2025 include certain reportable segments that are designated as held for sale and exclude those which have been divested. Refer to Note 3 for further information.
In the following tables, Income (loss) before income and mining tax and other items from reportable segments does not reflect general corporate expenses, interest (except project-specific interest) or income and mining taxes. Intercompany revenue and expense amounts have been eliminated within each segment in order to report on the basis that management uses internally for evaluating segment performance. The Company's business activities and operating segments that are not considered reportable, including all equity method investments, are reported in the non-operating segment Corporate and Other, which has been provided for reconciliation purposes.
The CODM uses Income (loss) before income and mining tax and other items to evaluate income generated from segment assets in deciding whether to reinvest profits into the mine operation or reallocate for other capital priorities under the Company's capital allocation strategy. Additionally, the CODM primarily uses this metric to assess performance of the segment, plan and forecast future business operations, and benchmark to competitors.
The financial information relating to the Company’s segments is as follows:
SalesCosts Applicable to SalesDepreciation and Amortization
Reclamation and Remediation
Advanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)(2)
Income (Loss) before Income and Mining Tax and Other Items
Total Assets
Capital Expenditures (3)
Three Months Ended
March 31, 2025
Ahafo$574 $247 $49 $2 $10 $(7)$273 $2,717 $113 
Brucejack
133 83 46 1 2 4 (3)2,653 16 
Red Chris
Gold45 16 5 
Copper69 35 11 
Total Red Chris114 51 16 2 2 (1)44 2,614 27 
Peñasquito:
Gold366 106 47 
Silver188 62 28 
Lead42 21 10 
Zinc181 110 45 
Total Peñasquito777 299 130 5 4 1 338 4,700 25 
Merian141 72 15 1 7 — 46 956 15 
Cerro Negro
108 78 28 1 5 4 (8)1,832 48 
Yanacocha279 93 26 45 1 6 108 1,929 4 
Boddington:
Gold414 167 29 
Copper74 38 7 
Total Boddington488 205 36 4 3 2 238 2,402 42 
Tanami210 82 25 1 2 1 99 2,350 131 
Cadia:
Gold316 77 33 
Copper211 71 30 
Total Cadia527 148 63 1 — 19 296 6,315 129 
Lihir
455 161 40 3 1 5 245 5,655 45 
NGM626 308 97 3 2 1 215 7,465 102 
Held for sale (4)
Porcupine145 63 1 5 1 (92)167 1,302 44 
Akyem113 90 3 4 — 2 14 794 8 
Total Reportable Segments
4,690 1,980 575 78 40 (55)2,072 43,684 749 
Corporate and Other— — 16 11 50 (98)21 11,835 2 
Divested (5)
CC&V88 39 2 2 — (3)48 — 5 
Musselwhite94 33 — 1 — (18)78 — 14 
Éléonore138 54 — 1 2 (171)252 — 12 
Consolidated$5,010 $2,106 $593 $93 $92 $(345)$2,471 $55,519 $782 
____________________________
(1)Other Segment Expenses (Income) for all reportable segments includes Other expense, net and Other income (loss), net. Refer to Notes 7 and 8 respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative, Change in fair value of investments and options, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other.
(2)For the three months ended March 31, 2025, Other Segment Expenses (Income) includes (Gain) loss on sale of assets held for sale which primarily consists of gains on the completed sales of the CC&V, Musselwhite, and Éléonore reportable segments of $2, $19, and $172, respectively. Refer to Note 3 for further information.
(3)Primarily includes a decrease in accrued capital expenditures of $44. Consolidated capital expenditures on a cash basis were $826.
(4)Refer to Note 3 for further information on held for sale. The Coffee development project disposal group is included in Corporate and Other.
(5)In the first quarter of 2025, the Company completed the sales of the CC&V, Musselwhite, and Éléonore reportable segments. Refer to Note 3 for further information.
SalesCosts Applicable to SalesDepreciation and Amortization
Reclamation and Remediation (1)
Advanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)(2)
Income (Loss) before Income and Mining Tax and Other Items
Total Assets (1)
Capital Expenditures (3)
Three Months Ended
March 31, 2024
Ahafo$381 $159 $51 $2 $5 $(14)$178 $2,947 $90 
Brucejack
72 74 35 1 — (1)(37)4,167 16 
Red Chris:
Gold1672
Copper46318
Total Red Chris62 38 10 — 2 1 11 2,319 35 
Peñasquito:
Gold92 38 15 
Silver201 111 44 
Lead60 36 14 
Zinc124 108 36 
Total Peñasquito477 293 109 5 2 6 62 4,808 32 
Merian155 90 19 1 4 2 39 927 18 
Cerro Negro
153 63 30 1 5 3 51 1,717 46 
Yanacocha186 88 28 48 2 — 20 1,865 24 
Boddington:
Gold299 144 26 
Copper77 48 9 
Total Boddington376 192 35 3 1 (12)157 2,388 28 
Tanami188 82 25 — 8 (9)82 1,971 85 
Cadia:
Gold248 74 28 
Copper167 67 27 
Total Cadia
415 141 55 1 5 (9)222 6,238 111 
Lihir
377 171 35 1 6 1 163 3,906 55 
NGM559 314 107 3 5 2 128 7,421 118 
Held for sale (4)
CC&V59 40 3 3 1 104 (92)460 5 
Musselwhite101 57 18 1 2 82 (59)979 26 
Porcupine125 63 23 5 2 (2)34 1,498 40 
Éléonore
116 80 19 1 4 — 12 868 21 
Telfer: (5)
Gold59 70 8 
Copper7 15 2 
Total Telfer66 85 10 3 4 (12)(24)706 10 
Akyem155 76 30 3 4 (1)43 1,043 9 
Total Reportable Segments
4,023 2,106 642 82 62 141 990 46,228 769 
Corporate and Other— — 12 16 44 490 (562)9,107 4 
Consolidated$4,023 $2,106 $654 $98 $106 $631 $428 $55,335 $773 
____________________________
(1)Segment presentation for the prior period has been recast due to the adoption of ASU 2023-07.
(2)Other Segment Expenses (Income) for all reportable segments includes (Gain) loss on sale of assets held for sale, Other expense, net, and Other income (loss), net. Refer to Notes 3, 7, and 8, respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative, Change in fair value of investments and options, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other.
(3)Primarily includes a decrease in accrued capital expenditures of $77. Consolidated capital expenditures on a cash basis were $850.
(4)Refer to Note 3 for further information on held for sale. The Coffee development project disposal group is included in Corporate and Other.
(5)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 for further information.
v3.25.1
SALES
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025
Ahafo$574 $— $574 
Brucejack
87 46 133 
Red Chris:
Gold— 45 45 
Copper— 69 69 
Total Red Chris— 114 114 
Peñasquito:
Gold— 366 366 
Silver (1)
— 188 188 
Lead— 42 42 
Zinc— 181 181 
Total Peñasquito— 777 777 
Merian137 4 141 
Cerro Negro 108 — 108 
Yanacocha270 9 279 
Boddington:
Gold94 320 414 
Copper— 74 74 
Total Boddington94 394 488 
Tanami210 — 210 
Cadia:
Gold30 286 316 
Copper— 211 211 
Total Cadia30 497 527 
Lihir
455 — 455 
NGM (2)
587 39 626 
Held for sale (3)
Porcupine 145 — 145 
Akyem
113 — 113 
Divested (4)
CC&V88 — 88 
Musselwhite 94 — 94 
Éléonore 138 — 138 
Consolidated$3,130 $1,880 $5,010 
____________________________
(1)Silver sales from concentrate includes $19 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 $589 for the three months ended March 31, 2025.
(3)Refer to Note 3 for further information on held for sale.
(4)In the first quarter of 2025, the Company completed the sales of the CC&V, Musselwhite, and Éléonore reportable segments. Refer to Note 3 for further information.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Three Months Ended March 31, 2024
Ahafo$381 $— $381 
Brucejack
49 23 72 
Red Chris
Gold— 16 16 
Copper— 46 46 
Total Red Chris— 62 62 
Peñasquito:
Gold— 92 92 
Silver (1)
— 201 201 
Lead— 60 60 
Zinc— 124 124 
Total Peñasquito— 477 477 
Merian148 7 155 
Cerro Negro 153 — 153 
Yanacocha186 — 186 
Boddington:
Gold74 225 299 
Copper— 77 77 
Total Boddington74 302 376 
Tanami188 — 188 
Cadia:
Gold33 215 248 
Copper
— 167 167 
Total Cadia33 382 415 
Lihir
377 — 377 
NGM (2)
529 30 559 
Held for sale (3)
CC&V59 — 59 
Musselwhite 101 — 101 
Porcupine 125 — 125 
Éléonore 116 — 116 
Telfer: (4)
Gold7 52 59 
Copper— 7 7 
Total Telfer7 59 66 
Akyem155 — 155 
Consolidated$2,681 $1,342 $4,023 
____________________________
(1)Silver sales from concentrate includes $27 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 $530 for the three months ended March 31, 2024.
(3)Refer to Note 3 for further information on held for sale.
(4)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 for further information.
Trade Receivables and Provisional Sales
At March 31, 2025 and December 31, 2024, Trade receivables consisted primarily of sales from provisionally priced concentrate and other production. The impact to Sales from changes in pricing on provisional sales is an increase of $139 and $40 for the three months ended March 31, 2025 and 2024, respectively.
At March 31, 2025, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months:
Provisionally Priced Sales
Subject to Final Pricing (1)
Average Provisional
Price (per ounce/pound)
Gold (ounces, in thousands)292 $3,127 
Copper (pounds, in millions)101 $4.40 
Silver (ounces, in millions)4 $34.57 
Lead (pounds, in millions)41 $0.91 
Zinc (pounds, in millions)133 $1.29 
____________________________
(1)Includes provisionally priced by-product sales subject to final pricing, which are recognized as a reduction to Costs applicable to sales.
v3.25.1
RECLAMATION AND REMEDIATION
 3 Months Ended
Mar. 31, 2025
Environmental Remediation Obligations [Abstract]  
RECLAMATION AND REMEDIATION RECLAMATION AND REMEDIATION
The Company’s mining and exploration activities are subject to various domestic and international laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. The Company conducts its operations to protect public health and the environment and believes its operations are in compliance with applicable laws and regulations in all material respects. The Company has made, and expects to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures. Estimated future reclamation and remediation costs are based principally on current legal and regulatory requirements.
The Company’s Reclamation and remediation expense consisted of:
Three Months Ended
March 31,
20252024
Reclamation adjustments and other$1 $3 
Reclamation accretion87 85 
Reclamation expense88 88 
Remediation adjustments and other3 8 
Remediation accretion2 2 
Remediation expense5 10 
Reclamation and remediation$93 $98 
The following are reconciliations of Reclamation and remediation liabilities:
Reclamation
Remediation
2025202420252024
Balance at January 1,
$7,015 $8,385 $370 $401 
Additions, changes in estimates, and other
— — — 5 
Divestitures (1)
(4)— — — 
Payments, net(87)(53)(8)(6)
Accretion expense 87 85 2 2 
Reclassification to Liabilities held for sale (1)
(8)(1,571)— (20)
Balance at March 31,
$7,003 $6,846 $364 $382 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for assets held for sale. As a result, the related assets and liabilities, including reclamation and remediation liabilities, were reclassified to Assets held for sale and Liabilities held for sale, respectively. Additionally, in the first quarter of 2025, the Company completed the sale of CC&V, Musselwhite, and Éléonore reportable segments. Refer to Note 3 for further information.
At March 31, 2025At December 31, 2024
ReclamationRemediationTotalReclamationRemediationTotal
Current (1)
$926 $65 $991 $928 $63 $991 
Non-current (2)
6,077 299 6,376 6,087 307 6,394 
Total (3)
$7,003 $364 $7,367 $7,015 $370 $7,385 
____________________________
(1)The current portion of reclamation and remediation liabilities are included in Other current liabilities.
(2)The non-current portion of reclamation and remediation liabilities are included in Reclamation and remediation liabilities.
(3)Total reclamation liabilities include $4,518 and $4,546 related to Yanacocha at March 31, 2025 and December 31, 2024, respectively.
The Company is also involved in several matters concerning environmental remediation obligations associated with former, primarily historic, mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. The amounts accrued are reviewed periodically based upon facts and circumstances available at the time. Changes in estimates are recorded in Other current liabilities and Reclamation and remediation liabilities in the period estimates are revised.
Included in Assets held for sale at March 31, 2025 and December 31, 2024 is $93 and $93, respectively, of restricted cash held for purposes of settling reclamation and remediation obligations at Akyem.
Included in Other non-current assets at March 31, 2025 and December 31, 2024 are $30 and $29, respectively, of non-current restricted cash held for purposes of settling reclamation and remediation obligations. The amounts at March 31, 2025 and December 31, 2024 primarily relate to Ahafo and San Jose Reservoir at Yanacocha.
Included in Other non-current assets at March 31, 2025 and December 31, 2024 are $14 and $15, respectively, of non-current restricted investments, which are legally pledged for purposes of settling reclamation and remediation obligations. The amounts at March 31, 2025 and December 31, 2024 primarily relate to San Jose Reservoir at Yanacocha.
Refer to Note 18 for further discussion of reclamation and remediation matters.
v3.25.1
OTHER EXPENSE, NET
 3 Months Ended
Mar. 31, 2025
Operating Costs and Expenses [Abstract]  
OTHER EXPENSE, NET OTHER EXPENSE, NET
Three Months Ended
March 31,
20252024
Impairment charges$15 $12 
Restructuring and severance9 6 
Newcrest transaction and integration costs
4 29 
Settlement costs3 21 
Other12 5 
Other expense, net$43 $73 
v3.25.1
OTHER INCOME (LOSS), NET
 3 Months Ended
Mar. 31, 2025
Other Income, Nonoperating [Abstract]  
OTHER INCOME (LOSS), NET OTHER INCOME (LOSS), NET
Three Months Ended
March 31,
20252024
Interest income$41 $39 
Foreign currency exchange, net(20)28 
Loss on debt extinguishment (1)
(10)— 
Gain (loss) on asset and investment sales
(5)9 
Other
4 14 
Other income (loss), net$10 $90 
____________________________
(1)In the first quarter of 2025, the Company fully redeemed the outstanding 2026 Senior Notes and partially redeemed certain senior notes, resulting in a net loss on extinguishment of $10. Refer to Note 15 for additional information.
v3.25.1
INCOME AND MINING TAXES
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME AND MINING TAXES INCOME AND MINING TAXES
A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate follows:
Three Months Ended March 31, (1)
20252024
Income (loss) before income and mining tax and other items$2,471 $428 
U.S. Federal statutory tax rate21 %519 21 %90 
Reconciling items:
Change in valuation allowance on deferred tax assets(8)(197)

(15)(65)
Foreign rate differential7 180 15 63 
Mining and other taxes (net of associated federal benefit)3 63 10 43 
Tax impact of foreign exchange — (8)7 30 
Akyem recognition of DTL for assets held for sale— 2 27 117 
Tax impact of divestitures (2)
3 83 — — 
Other— 5 (4)(18)
Income and mining tax expense (benefit)
26 %$647 61 %$260 
____________________________
(1)Tax rates may not recalculate due to rounding.
(2)Refer to Note 3 for further information on divestitures.
v3.25.1
FAIR VALUE ACCOUNTING
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE ACCOUNTING FAIR VALUE ACCOUNTING
The following tables set forth the Company’s assets and liabilities measured at fair value on a recurring (at least annually) or nonrecurring basis by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Refer to Note 13 of the Consolidated Financial Statements included in Part II, Item 8, of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 21, 2025 for further information on the Company's assets and liabilities included in the fair value hierarchy presented below.
Fair Value at March 31, 2025
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$4,698 $4,698 $— $— 
Restricted cash32 32 — — 
Trade receivables from provisional concentrate sales
886 — 886 — 
Assets held for sale (Note 3) (2)
1,418 — 1,311 107 
Equity method investments (3)
413 413 — — 
Marketable and other equity securities (Note 12)
469 469 — — 
Restricted marketable debt securities (Note 12)
14 14 — — 
Derivative assets (Note 11)
364 — 1 363 
$8,294 $5,626 $2,198 $470 
Liabilities:
Debt (4)
$7,553 $— $7,553 $— 
Derivative liabilities (Note 11)
98 — 93 5 
Indemnification liabilities (5)
65 — — 65 
Other liabilities (6)
131 — 131 — 
$7,847 $— $7,777 $70 
Fair Value at December 31, 2024
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$3,619 $3,619 $— $— 
Restricted cash31 31 — — 
Trade receivables from provisional concentrate sales
993 — 993 — 
Assets held for sale (2)
1,840 — 1,168 672 
Equity method investments (3)
212 212 — — 
Marketable and other equity securities (Note 12)
305 305 — — 
Restricted marketable debt securities (Note 12)
15 15 — — 
Derivative assets (Note 11)
142 — — 142 
Other assets (7)
61 — — 61 
$7,218 $4,182 $2,161 $875 
Liabilities:
Debt (4)
$8,400 $— $8,400 $— 
Derivative liabilities (Note 11)
143 — 137 6 
Other liabilities (6)
51 — 51 — 
$8,594 $— $8,588 $6 
____________________________
(1)Cash and cash equivalents includes short-term deposits that have an original maturity of three months or less.
(2)Assets held for sale at March 31, 2025 and December 31, 2024 includes assets held for sale that were adjusted to their fair value, excluding costs to sell, of $1,418 and $1,840, respectively. The aggregate fair value, excluding costs to sell, of net assets held for sale subject to fair value remeasurement at March 31, 2025 and December 31, 2024 was $597 and $679, respectively.
(3)Consists of the equity investment in Greatland Gold plc ("Greatland") acquired through the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024, for which the Company elected the fair value option. Refer to Note 12 for further information.
(4)Debt is carried at amortized cost. The outstanding carrying value was $7,507 and $8,476 at March 31, 2025 and December 31, 2024, respectively. Refer to Note 15 for further information. The fair value measurement of debt was based on an independent third-party pricing source.
(5)Consists of the indemnification recognized related to the sale of the CC&V reportable segment, recognized at fair value at completion of the sale on February 28, 2025. Refer to Note 3 for further information.
(6)Consists of an option acquired through the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024, for which the Company elected the fair value option. Refer to Note 12 for further information.
(7)Consists of the contingent payments acquired through the sale of the assets of the Telfer reportable segment that do not meet the definition of a derivative and are considered to be a financial asset for which the Company recorded at fair value at completion of the sale on December 4, 2024.
The Company's indemnification liabilities consist of indemnifications provided by the Company in connection with certain divestitures and are classified as non-recurring within Level 3 of the fair value hierarchy. The indemnification liabilities are initially accounted for at fair value using a scenario-based method, which is a multi-step process under the income approach that estimates value based on the probability-weighted present value of various future outcomes. Various inputs utilized in the valuation included expected future closure costs, discount rates, and inflation assumptions.
The following tables set forth a summary of the quantitative and qualitative information related to the significant observable and unobservable inputs used in the calculation of the Company’s Level 3 financial assets and liabilities at March 31, 2025 and December 31, 2024:
DescriptionAt March 31, 2025Valuation TechniqueSignificant InputRange, Point Estimate or Average
Weighted Average Discount Rate
Assets held for sale
$107 Income approach
Various (1)
Various (1)
Various (1)
Derivative assets:
Hedging instruments (2)
$138 Income approachForward power prices
A$29 - A$489
6.75%
Contingent consideration assets$225 Income approachDiscount rate
6.36% - 16.38%
6.70%
Derivative liabilities (2)
$5 Income approachDiscount rate
5.22% - 5.95%
5.66%
Indemnification liabilities
$65 Income approach
Discount rate (3)
4.38% - 5.75%
4.55%
DescriptionAt December 31, 2024Valuation TechniqueSignificant InputRange, Point Estimate or Average
Weighted Average Discount Rate
Assets held for sale
$672 Income approach
Various (1)
Various (1)
Various (1)
Derivative assets:
Hedging instruments (2)
$94 
Income approach
Forward power prices
A$43 - A$321
6.75%
Contingent consideration assets$47 
Income approach
Discount rate
6.37% - 16.38%
10.67%
Other assets
$61 
Income approach
Discount rate6.60%6.60%
Derivative liabilities
$5 
Income approach
Discount rate
5.22% - 5.95%
5.66%
____________________________
(1)Refer to Note 3 for information on the assumptions and inputs specific to the non-recurring fair value measurement performed relating to assets held for sale.
(2)At March 31, 2025, the current and non-current portion of the Cadia Power Purchase Agreement ("Cadia PPA") of $7 and $131, respectively, are in an asset position. At December 31, 2024, the current portion of the Cadia PPA of $1 is in a liability position and the non-current portion of $95 is in an asset position. Amounts in an asset position are included in Derivative assets within the fair value hierarchy table and amounts in a liability position are included in Derivative liabilities within the fair value hierarchy table.
(3)Other significant inputs on the valuation of the indemnification liabilities include expected future closure costs of the divested CC&V mine.
The following tables set forth a summary of changes in the fair value of the Company’s recurring Level 3 financial assets and liabilities:
Derivative
Assets
Total Assets
Derivative
Liabilities
Total Liabilities
Fair value at December 31, 2024$142 $142 $6 $6 
Acquired through divestments (1)
168 168 — — 
Fair value changes in Other comprehensive income (loss)
43 43 (1)(1)
Fair value changes in Other income (loss), net
10 10 — — 
Fair value at March 31, 2025$363 $363 $5 $5 
Derivative
Assets
Total Assets
Derivative
Liabilities
Total Liabilities
Fair value at December 31, 2023$635 $635 $5 $5 
Transfers out of Level 3 (2)
(76)(76)— — 
Fair value changes in Other comprehensive income (loss)
(32)(32)— — 
Fair value changes in Other income (loss), net
(6)(6)— — 
Fair value changes in Net income (loss) from discontinued operations
4 4 — — 
Fair value at March 31, 2024$525 $525 $5 $5 
____________________________
(1)In the first quarter of 2025, the Company acquired contingent consideration assets through the sales of the CC&V and Musselwhite reportable segments and recognized a guarantee in connection with the CC&V reportable segment sale. Refer to Note 3 for further information.
(2)In the first quarter of 2024, certain amounts relating to the Batu Hijau contingent consideration asset were reclassified from a derivative to a receivable as a result of achieving certain contractual milestones.
v3.25.1
DERIVATIVE INSTRUMENTS
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE INSTRUMENTS DERIVATIVE INSTRUMENTS
At March 31,
2025		At December 31,
2024
Current derivative assets: (1)
Contingent consideration assets (2)
$13 $— 
Hedging instruments
7 — 
$20 $— 
Non-current derivative assets: (3)
Contingent consideration assets (2)
$212 $47 
Hedging instruments
132 95 
$344 $142 
Current derivative liabilities: (4)
Contingent consideration liabilities$2 $2 
Hedging instruments
89 136 
$91 $138 
Non-current derivative liabilities: (5)
Contingent consideration liabilities$5 $5 
Hedging instruments
2 — 
$7 $5 
____________________________
(1)Included in Other current assets.
(2)At March 31, 2025, includes contingent consideration assets acquired through the sales of the CC&V and Musselwhite reportable segments in the first quarter of 2025. Refer to Note 3 for further information.
(3)Included in Derivative assets.
(4)Included in Other current liabilities.
(5)Included in Other non-current liabilities.
Hedging Instruments
Hedging instruments consist of foreign currency cash flow hedges and the Cadia PPA.
Foreign currency cash flow hedges
The Company has implemented various hedge programs in which fixed forward contracts have been entered into to mitigate variability in the USD-functional cash flows associated with specific expenditures. These fixed forward contracts have been designated as foreign currency cash flow hedges for the related forecasted expenditures and were transacted for risk management purposes. Refer to the table below for a summary of these programs at March 31, 2025:
AUD-denominated capital expendituresAUD-denominated operating expendituresCAD-denominated operating expenditures
AUD-denominated capital expenditures
Status:
Active
ActiveActive
Matured (1)
Amount entered into: (2)
A$1,365A$2,763C$754A$574
Cash flow type:
Capital expenditures for construction and development
Operating expenditures
Operating expendituresCapital expenditures for construction and development
Incurred in the periods of:
October 2024 through December 2026
October 2024 through December 2026
October 2024 through December 2026
2023 through 2024
Related to:
Tanami Expansion 2 project; Cadia PC1-2 and PC2-3 ("Cadia Panel Caves"); and Cadia Tailings Project ("Cadia Tails")
Boddington, Tanami, and Cadia operating mines located in Australia
Brucejack and Red Chris operating mines located in Canada
Tanami Expansion 2 project
____________________________
(1)The hedge program matured in 2024 and a gain of $7 remains in Accumulated other comprehensive income (loss) as of March 31, 2025.
(2)Subsequent to March 31, 2025 and prior to filing, the Company entered into an additional A$21, A$177, and C$32 relating to the programs, respectively.
To minimize credit risk, the Company only enters into transactions with counterparties that meet certain credit requirements and periodically reviews the creditworthiness of these counterparties. The Company believes that the risk of counterparty default is low and its exposure to credit risk is minimal.
The unrealized changes in fair value have been recorded in Accumulated other comprehensive income (loss) and are reclassified to earnings during the period in which the hedged transaction affects earnings and is presented in the same income statement line item as the earnings effect of the hedged item. If the underlying hedge transaction becomes probable of not occurring, the related amounts will be reclassified to earnings immediately. For the foreign currency cash flow hedges related to capital expenditures, amounts recorded in Accumulated other comprehensive income (loss) are reclassified to earnings through Depreciation and amortization after the respective project reaches commercial production. For the foreign currency cash flow hedges related to operating expenditures, amounts recorded in Accumulated other comprehensive income (loss) are reclassified to earnings through Costs applicable to sales in the month that the operating expenditures are incurred.
Cadia PPA
The Cadia PPA is a 15-year renewable power purchase agreement acquired by the Company through the Newcrest transaction. The Company has designated the Cadia PPA as a cash flow hedge to mitigate the variability in cash flows related to approximately 40 percent of forecasted purchases of power at the Cadia mine for a 15-year period beginning in July 2024. Additionally, the Cadia PPA will provide the Company with access to large scale generation certificates which the Company intends to surrender to achieve a reduction in its greenhouse gas emissions.
To minimize credit risk, the Company only enters into transactions with counterparties that meet certain credit requirements and periodically reviews the creditworthiness of these counterparties. The Company believes that the risk of counterparty default is low and its exposure to credit risk is minimal.
The unrealized changes in fair value have been recorded in Accumulated other comprehensive income (loss) and will be reclassified to earnings during the period in which the hedged transaction affects earnings and is presented in the same income statement line item as the earnings effect of the hedged item. If the underlying hedge transaction becomes probable of not occurring, the related amounts in Accumulated other comprehensive income (loss) will be reclassified to earnings immediately. For the Cadia PPA cash flow hedge, amounts recorded in Accumulated other comprehensive income (loss) will be reclassified to earnings through Costs applicable to sales the period in which the related hedged electricity is purchased, which began in July 2024.
The following table provides the fair value of the Company’s derivative instruments designated as cash flow hedges:
At March 31,
2025		At December 31,
2024
Hedging instrument assets:
Cadia PPA cash flow hedge, current (1)
$7 $— 
Cadia PPA cash flow hedge, non-current (2)
131 95 
Foreign currency cash flow hedges, non-current (2)
1 — 
$139 $95 
Hedging instrument liabilities:
Foreign currency cash flow hedges, current (3)
$89 $135 
Cadia PPA cash flow hedge, current (3)
— 1 
Foreign currency cash flow hedges, non-current (4)
2 — 
$91 $136 
____________________________
(1)Included in Other current assets.
(2)Included in Derivative assets.
(3)Included in Other current liabilities.
(4)Included in Other non-current liabilities.
The following table provides the losses (gains) recognized in earnings related to the Company's derivative instruments:
Three Months Ended
March 31,
20252024
Loss (gain) on cash flow hedges:
Foreign currency cash flow hedges (1)
$22 $— 
Cadia PPA cash flow hedge (2)
3 — 
Interest rate contracts (3)
1 1 
$26 $1 
____________________________
(1)As of March 31, 2025, $60 is expected to be reclassified out of Accumulated other comprehensive income (loss) into earnings over the next 12 months.
(2)As of March 31, 2025, $10 is expected to be reclassified out of Accumulated other comprehensive income (loss) into earnings over the next 12 months.
(3)Interest rate contracts relate to swaps entered into, and subsequently settled, associated with the issuance of the 2022 Senior Notes, 2035 Senior Notes, 2039 Senior Notes, and 2042 Senior Notes. The related gains and losses are reclassified from Accumulated other comprehensive income (loss) and amortized to Interest expense, net of capitalized interest over the term of the respective hedged notes.
Contingent Consideration Assets and Liabilities
Contingent consideration assets and liabilities are comprised of contingent consideration to be received or paid by the Company in conjunction with various sales of assets and investments with future payment contingent upon meeting certain milestones. These contingent consideration assets and liabilities are accounted for at fair value and consist of financial instruments that meet the definition of a derivative but are not designated for hedge accounting under ASC 815. Refer to Note 10 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 March 31,
2025		At December 31,
2024
Contingent consideration assets: (1)
CC&V (2)
$154 $— 
Red Lake
39 36 
Musselwhite (2)
21 — 
Other
11 11 
$225 $47 
Contingent consideration liabilities: (3)
$7 $7 
____________________________
(1)Included in Derivative assets.
(2)Received as part of the divestitures incurred in the first quarter of 2025. Refer to Note 3 for further information.
(3)At March 31, 2025 and December 31, 2024, $2 and $5 is included in Other current liabilities and Other non-current liabilities, respectively.
v3.25.1
INVESTMENTS
 3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
INVESTMENTS INVESTMENTS
At March 31,
2025		At December 31,
2024
Current investments:
Marketable and other equity securities
$18 $21 
Non-current investments:
Marketable and other equity securities (1)
$476 $309 
Equity method investments: 
Pueblo Viejo Mine (40%)
1,516 1,516 
NuevaUnión Project (50%)
970 961 
Lundin Gold Inc. (32%)
941 941 
Norte Abierto Project (50%)
540 532 
Greatland (20%) (2)
413 212 
4,380 4,162 
$4,856 $4,471 
Non-current restricted investments: (3)
Marketable debt securities$14 $15 
____________________________
(1)At March 31, 2025 and December 31, 2024, includes $25 accounted for under the measurement alternative.
(2)Acquired through the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024 and accounted for under the fair value option.
(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 6 for further information regarding these amounts.
Equity method investments
For the three months ended March 31, 2025, Equity income (loss) of affiliates primarily consisted of income from Pueblo Viejo and Lundin Gold Inc. ("Lundin Gold") of $44 and $27, respectively. For the three months ended March 31, 2024, Equity income (loss) of affiliates primarily consisted of income from Pueblo Viejo of $18.
Pueblo Viejo
As of March 31, 2025 and December 31, 2024, the Company had outstanding stockholder loans to Pueblo Viejo of $500 and $486, with accrued interest of $29 and $19, respectively, included in the Pueblo Viejo equity method investment.
The Company purchases its portion (40%) of gold and silver produced from Pueblo Viejo at market price and resells those ounces to third parties. Total payments made to Pueblo Viejo for gold and silver purchased were $155 and $122 for the three months ended March 31, 2025 and 2024, respectively. These purchases, net of subsequent sales, are included in Other income (loss), net and the net amount is immaterial. There were no amounts due to or from Pueblo Viejo for gold and silver purchases as of March 31, 2025 or December 31, 2024.
Lundin Gold Inc.
Lundin Gold is accounted for on a quarterly lag. At March 31, 2025, the calculated fair value, based on quoted closing prices of publicly traded shares, of the Company's investment in Lundin Gold was $2,380.
The Company had the right to purchase 50% of gold produced from Lundin Gold at a price determined based on delivery dates and a defined quotational period and resold the ounces purchased to third parties under an offtake agreement acquired through the Newcrest transaction (the "Offtake agreement"). In the second quarter of 2024, the Company sold the Offtake agreement to Lundin Gold resulting in settlement of the rights under the Offtake agreement. As a result, no purchases were incurred for the first quarter of 2025.
For three months ended March 31, 2024, total payments made to Lundin Gold under the Offtake agreement for gold purchased were $80 and were recognized net of subsequent sales in Other income (loss), net with the net amount being immaterial. There was no payable due to Lundin Gold for gold purchases as of December 31, 2024.
Greatland
The Company acquired a 20% interest in Greatland, resulting in 2.7 billion shares, in connection with the sale of the assets of the Telfer reportable segment in December 2024. The Company accounts for its investment in Greatland as an equity method investment, included in Investments, for which the Company elected the fair value option as it believes it best reflects the economics of the underlying transaction. The shares are subject to a sale restriction period of one-year following the date of close.
The equity held in Greatland contains an option in which a third party has the ability to acquire 1.3 billion of the Company's Greatland shares at a set price exercisable for four years (the "Greatland Option"). The Greatland Option does not meet the definition of a derivative and is considered to be a financial liability, for which the Company has elected the fair value option. The Company believes the fair value option best reflects the economics of the underlying transaction. The Greatland Option is included in Other non-current liabilities at a fair value of $131 and $51 at March 31, 2025 and December 31, 2024, respectively.
Under the fair value option, changes in the fair value of the instrument are recognized through earnings each reporting period in Other income (loss), net. For the three months ended March 31, 2025, a gain (loss) of $201 and $(80) was recognized in Other income (loss), net, related to the Greatland equity method investment and Greatland Option, respectively.
v3.25.1
INVENTORIES
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
At March 31,
2025		At December 31,
2024
Materials and supplies$1,072 $1,081 
In-process166 118 
Concentrate140 148 
Precious metals115 76 
Inventories (1)
$1,493 $1,423 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Inventories of $75 and $185 were reclassified to Assets held for sale at March 31, 2025 and December 31, 2024, respectively. Refer to Note 3 for additional information.
STOCKPILES AND ORE ON LEACH PADS
At March 31, 2025 (1)
At December 31, 2024 (1)
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$628 $164 $792 $624 $137 $761 
Non-current2,222 187 2,409 2,072 194 2,266 
Total$2,850 $351 $3,201 $2,696 $331 $3,027 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Stockpiles and ore on leach pads of $57 and $374 were reclassified to Assets held for sale at March 31, 2025 and December 31, 2024, respectively. Refer to Note 3 for additional information.
v3.25.1
STOCKPILES AND ORE ON LEACH PADS
 3 Months Ended
Mar. 31, 2025
STOCKPILES AND ORE ON LEACH PADS  
STOCKPILES AND ORE ON LEACH PADS INVENTORIES
At March 31,
2025		At December 31,
2024
Materials and supplies$1,072 $1,081 
In-process166 118 
Concentrate140 148 
Precious metals115 76 
Inventories (1)
$1,493 $1,423 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Inventories of $75 and $185 were reclassified to Assets held for sale at March 31, 2025 and December 31, 2024, respectively. Refer to Note 3 for additional information.
STOCKPILES AND ORE ON LEACH PADS
At March 31, 2025 (1)
At December 31, 2024 (1)
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$628 $164 $792 $624 $137 $761 
Non-current2,222 187 2,409 2,072 194 2,266 
Total$2,850 $351 $3,201 $2,696 $331 $3,027 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Stockpiles and ore on leach pads of $57 and $374 were reclassified to Assets held for sale at March 31, 2025 and December 31, 2024, respectively. Refer to Note 3 for additional information.
v3.25.1
DEBT
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
DEBT DEBT
Scheduled minimum debt repayments are as follows:
At March 31,
2025
Year Ending December 31,
2025 (for the remainder of 2025)
$— 
2026— 
2027— 
2028— 
2029635 
Thereafter7,175 
Total face value of debt outstanding
7,810 
Unamortized premiums, discounts, and issuance costs(303)
Debt$7,507 
Debt Extinguishment
In February 2025, the Company fully redeemed all of the outstanding 2026 Senior Notes, resulting in a loss on extinguishment of $13 for the three months ended March 31, 2025, recognized in Other income (loss), net. The 2026 Senior Notes were fully redeemed for a redemption price of $957, which consisted of the principal amount of the outstanding 2026 Senior Notes of $928, accrued and unpaid interest of $19 in accordance with the terms of the 2026 Senior Notes, and a make-whole provision of $10.
During the first quarter of 2025, the Company partially redeemed certain senior notes, resulting in a gain on extinguishment of $3 for the three months ended March 31, 2025, recognized in Other income (loss), net. The gain includes the write-off of unamortized premiums, discounts, and issuance costs of $3 for the three months ended March 31, 2025 related to the partially redeemed senior notes. The following table summarizes the partial redemptions:
Three Months Ended
March 31, 2025
Settled Notional Amount
Total Repurchase Amount
$700 2.80% Senior Notes due October 2029
$3 $3 
$650 3.25% Senior Notes due May 2030
18 17 
$1,000 2.25% Senior Notes due October 2030
1 1 
$1,000 2.60% Senior Notes due July 2032
31 26 
$53 $47 
Subsequent to March 31, 2025 and through the date of filing, the Company partially redeemed an additional $22 of debt.
v3.25.1
OTHER LIABILITIES
 3 Months Ended
Mar. 31, 2025
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES OTHER LIABILITIES
At March 31,
2025		At December 31,
2024
Other current liabilities:
Reclamation and remediation liabilities$991 $991 
Accrued operating costs (1)
376 404 
Accrued royalties178 165 
Accrued capital expenditures175 208 
Accrued interest
108 97 
Hedging instruments (2)
89 136 
Payables to NGM (3)
77 115 
Other (4)
363 365 
$2,357 $2,481 
Other non-current liabilities:
Greatland Option (5)
$131 $51 
Income and mining taxes (6)
125 125 
Indemnification liabilities (7)
65 — 
Other (8)
109 112 
$430 $288 
____________________________
(1)In the first quarter of 2025, the Company paid $116 to the Worsley JV related to the waiver of certain rights within the cross-operation agreement that confers priority to the bauxite operations at the Boddington mine. This payment is included in other investing activities in the Condensed Consolidated Statement of Cash Flows.
(2)Refer to Note 11 for additional information.
(3)Primarily consists of amounts due to NGM representing Barrick's 61.5% proportionate share of the amount owed to NGM for gold and silver purchased by Newmont. Newmont’s 38.5% share of such amounts is eliminated upon proportionate consolidation of its interest in NGM. Receivables for Newmont's 38.5% proportionate share related to NGM's activities with Barrick are included in Other current assets.
(4)Primarily consists of the current portion of the silver streaming agreement liability.
(5)Acquired through the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024 and accounted for under the fair value option. Refer to Note 12 for further information.
(6)Primarily consists of unrecognized tax benefits, including penalties and interest.
(7)Consists of the indemnification recognized related to the sale of the CC&V reportable segment. Refer to Note 3 for further information.
(8)Primarily consists of the non-current portion of operating lease liabilities.
v3.25.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​
 3 Months Ended
Mar. 31, 2025
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​ ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized Gain (Loss) on Hedge Instruments
Other Adjustments
Total
Balance at December 31, 2024$(193)$98 $(95)
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications42 (4)38 
(Gain) loss reclassified from accumulated other comprehensive income (loss)
18 — 18 
Other comprehensive income (loss)60 (4)56 
Balance at March 31, 2025$(133)$94 $(39)
v3.25.1
COMMITMENTS AND CONTINGENCIES
 3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
General
Estimated losses from contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable that a liability could be incurred, and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the contingency and estimated range of loss, if determinable, is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.
Operating Segments
The Company’s operating and reportable segments are identified in Note 4. Except as noted in this paragraph, all of the Company’s commitments and contingencies specifically described herein are included in the non-operating segment Corporate and Other. The Yanacocha matters relate to the Yanacocha reportable segment. The CC&V matter relates to the CC&V reportable segment. The Goldcorp Canada matters relate to the Porcupine reportable segment. The Cadia matter relates to the Cadia reportable segment. The Newmont Ghana Gold and Newmont Golden Ridge matters relate to the Ahafo and Akyem reportable segments, respectively.
Environmental Matters
Refer to Note 6 for further information regarding reclamation and remediation. Details about certain significant matters are discussed below.
Minera Yanacocha S.R.L. - 100% Newmont Owned
In early 2015 and again in June 2017, the Peruvian government agency responsible for certain environmental regulations, MINAM, issued proposed modifications to water quality criteria for designated beneficial uses which apply to mining companies, including Yanacocha. These criteria modified the in-stream water quality criteria pursuant to which Yanacocha has been designing water treatment processes and infrastructure. In December 2015, MINAM issued the final regulation that modified the water quality standards. These Peruvian regulations allow time to formulate a compliance plan and make any necessary changes to achieve compliance.
In February 2017, Yanacocha submitted a modification to its previously approved compliance achievement plan to the MINEM. In May 2022, Yanacocha submitted a proposed modification to this plan requesting an extension of time for coming into full compliance with the new regulations to 2027. In June 2023, Yanacocha received approval of its updated compliance plan from MINEM and was granted an extension to June 2026 to achieve compliance. The Company appealed this approval to the Mining Council requesting the regulatory extension until 2027, and in April 2024, MINEM approved the compliance schedule.
The Company currently operates five water treatment plants at Yanacocha that have been and currently meet all currently applicable water discharge requirements. The Company’s current asset retirement obligation includes the construction of two new water treatment plants expected to be in operation during 2027 and post-closure management.
The Company is conducting detailed studies to better estimate water management and other closure activities that will ensure water quality and quantity discharge requirements, including the modifications promulgated by MINAM, as referenced above, will be met. This also includes performing a comprehensive update to the Yanacocha reclamation plan to address changes in closure activities and estimated closure costs while preserving optionality for potential future projects at Yanacocha. These ongoing studies, which will extend beyond the current year, continue to evaluate and revise assumptions and estimated costs of changes to the reclamation plan. The ultimate water treatment costs remain uncertain as studies and opportunity assessments continue. These and other additional risks and contingencies that are the subject of ongoing studies, including, but not limited to, a comprehensive review of the Company's tailings storage facility management, review of Yanacocha’s water balance and water management system, and review of post-closure management costs, could result in future material increases to the reclamation obligation at Yanacocha.
Cripple Creek & Victor Gold Mining Company LLC - 100% Newmont owned through February 28, 2025
In December 2021, Cripple Creek & Victor Gold Mining Company LLC (“CC&V”) entered into a Settlement Agreement (“Settlement Agreement”) with the Water Quality Control Division of the Colorado Department of Public Health and Environment (the “Division”) with a mutual objective of resolving issues associated with the new discharge permits issued by the Division in January 2021 for the Carlton Tunnel. The Carlton Tunnel was a historic tunnel completed in 1941 with the purpose of draining the southern portion of the mining district, subsequently consolidated by CC&V. CC&V has held discharge permits for the Carlton Tunnel since 1983, primarily to focus on monitoring, with the monitoring data accumulated since the mid-1970s indicating consistency in the water quality discharged from the Carlton Tunnel over time. In 2006, legal proceedings and work with the regulator confirmed that the water flowing out of the Carlton Tunnel portal is akin to natural spring water and did not constitute mine drainage. However, this changed with the January 2021 permit updates, when the regulator imposed new water quality limits. The Settlement Agreement involves the evaluation of a reasonable and achievable timeline for treatment and permit compliance, acknowledging the lack of readily available technology, and the need to spend three years to study and select the technological solution, with three additional years to construct, bringing full permit compliance to the November 2027 timeframe. In 2022, the Company studied various interim passive water treatment options, reported the study results to the Division, and based on an evaluation of additional semi-passive options that involve the usage of power at the portal, updated the remediation liability to $20 in 2022. CC&V continues to study alternative long-term remediation plans for water discharged from the Carlton Tunnel, and is also working with regulators on the Discharger Specific Variance ("DSV") to identify highest feasible alternative treatment in the context, based on limits such as area topography. CC&V formally submitted its proposal for the DSV and the matter will be presented to the Water Quality Control Commission in a June 2025 rulemaking hearing. Depending on the outcome of the hearing and the plans that may ultimately be agreed with the Division, a material adjustment to the remediation liability may be required. On February 28, 2025, the Company completed the sale of the CC&V reportable segment to SSR. Under the terms of the agreement with SSR, Newmont expects to receive deferred cash contingent consideration upon certain regulatory approvals, one of which being resolution of regulatory applications relating to the Carlton Tunnel. In addition, upon completion of an updated regulator-approved closure plan and in the event aggregate closure costs at CC&V exceed $500, Newmont will be responsible for funding 90% of the incremental closure costs in such updated closure plan, either on an as-incurred basis or pursuant to a net present value lump sum payment option. Refer to Note 3 for further information on the sale of the CC&V reportable segment.
Dawn Mining Company LLC (“Dawn”) - 58.19% Newmont Owned
Midnite mine site and Dawn mill site. Dawn previously leased an open pit uranium mine, currently inactive, on the Spokane Indian Reservation in the State of Washington. The mine site is subject to regulation by agencies of the U.S. Department of Interior (the Bureau of Indian Affairs and the Bureau of Land Management), as well as the EPA.
As per the Consent Decree approved by the U.S. District Court for the Eastern District of Washington on January 17, 2012, the following actions were required of Newmont, Dawn, the Department of the Interior and the EPA: (i) Newmont and Dawn would design, construct and implement the cleanup plan selected by the EPA in 2006 for the Midnite mine site; (ii) Newmont and Dawn would reimburse the EPA for its past costs associated with overseeing the work; (iii) the Department of the Interior would contribute a lump sum amount toward past EPA costs and future costs related to the cleanup of the Midnite mine site; (iv) Newmont and Dawn would be responsible for all future EPA oversight costs and Midnite mine site cleanup costs; and (v) Newmont would post a surety bond for work at the site.
During 2012, the Department of Interior contributed its share of past EPA costs and future costs related to the cleanup of the Midnite mine site. In 2016, Newmont completed the remedial design process, with the exception of the new WTP design which was awaiting the approval of the new NPDES permit. Subsequently, the new NPDES permit was received in 2017 and the WTP design commenced in 2018. The EPA approved the WTP design in 2021. Construction of the effluent pipeline began in 2021, and construction of the new WTP began in 2022. The WTP and effluent pipeline are expected to be operating in 2026.
The Dawn mill site is regulated by the Washington Department of Health (the "WDOH") and is in the process of being closed in accordance with the federal Uranium Mill Tailings Radiation Control Act, and associated Washington state regulations. Remediation at the Dawn mill site began in 2013. The Tailing Disposal Area 1-4 reclamation earthworks component was completed during 2017 with the embankment erosion protection completed in the second quarter of 2018. The remaining closure activities consist primarily of finalizing an Alternative Concentration Limit application (the "ACL application") submitted in 2020 to the WDOH to address groundwater issues, and also evaporating the remaining balance of process water at the site. In the fourth quarter of 2022, the WDOH provided comments on the ACL application, which Newmont is evaluating and conducting studies to better understand and respond to the comments provided by the WDOH. These studies and the related comment process will extend beyond the current year and could result in future material increases to the remediation obligation.
The remediation liability for the Midnite mine site and Dawn mill site is approximately $163, assumed 100% by Newmont, at March 31, 2025.
Goldcorp Canada Ltd. - 100% Newmont
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 conducted studies to better catalog, prioritize, and update its existing information of these historical mine hazards, to inform its closure plans and estimated closure costs.
Refer to Note 1 for further information regarding the recently completed sale of the Porcupine reportable segment on April 15, 2025. Pursuant to the sale, this reclamation obligation transferred to the buyer.
Cadia Holdings Pty Ltd. - 100% Newmont Owned
Cadia mine site. Cadia Holdings Pty Ltd. (“Cadia Holdings”) is a wholly owned subsidiary of Newcrest, which was acquired by Newmont in November 2023. The mine site is subject to regulations by the New South Wales Environment Protection Authority (the “NSW EPA”). In October 2023, the NSW EPA commenced proceedings in the NSW Land and Environment Court against Cadia Holdings, alleging two contraventions related to alleged air pollution from tailings storage facilities on October 13 and 31, 2022. In 2024, Cadia Holdings entered a plea of not guilty to the charges related to the allegations. These proceedings have been adjourned for further directions in May 2025.
Other Legal Matters
Newmont Corporation, as well as Newmont Canada Corporation, and Newmont Canada FN Holdings ULC – 100% Newmont Owned
Kirkland Lake Gold Inc., which was acquired by Agnico Eagle Mines Limited in 2022 (still referred to herein as “Kirkland” for ease of reference), owns certain mining and mineral rights in northeastern Ontario, Canada, referred to here as the Holt-McDermott property, on which it suspended operations in April 2020. A subsidiary of the Company has a retained royalty obligation (“Holt royalty obligation”) to Royal Gold, Inc. (“Royal Gold”) for production on the Holt-McDermott property. In August 2020, the Company and Kirkland signed a Strategic Alliance Agreement (the “Kirkland Agreement”). As part of the Kirkland Agreement, the Company purchased an option (the “Holt option”) for $75 from Kirkland for the mining and mineral rights subject to the Holt royalty obligation. The Company has the right to exercise the Holt option and acquire ownership to the mineral interests subject to the Holt royalty obligation in the event Kirkland intends to resume operations and process material subject to the obligation. Kirkland has the right to assume the Company’s Holt royalty obligation at any time, in which case the Holt option would terminate.
On August 16, 2021, International Royalty Corporation (“IRC”), a wholly-owned subsidiary of Royal Gold, filed an action in the Supreme Court of Nova Scotia against Newmont Corporation, Newmont Canada Corporation, Newmont Canada FN Holdings ULC (collectively "Newmont"), and certain Kirkland defendants (collectively "Kirkland"). IRC alleges the Kirkland Agreement is oppressive to the interests of Royal Gold under the Nova Scotia Companies Act and the Canada Business Corporations Act, and that, by entering into the Kirkland Agreement, Newmont breached its contractual obligations to Royal Gold. IRC seeks declaratory relief, and $350 in alleged royalty payments that it claims Newmont expected to pay under the Holt royalty obligation, but for the Kirkland Agreement. Kirkland filed a motion seeking dismissal of the case against it, which the court granted in October 2022. Newmont submitted its statement of defense on February 27, 2023, and a motion for summary judgment on January 12, 2024. The motion for summary judgment was denied on May 27, 2024, and the parties are now engaged in the discovery phase of the case. Newmont intends to vigorously defend this matter but cannot reasonably predict the outcome.
Newmont Ghana Gold Limited and Newmont Golden Ridge Limited - 100% Newmont Owned (through April 15, 2025, in respect to Newmont Golden Ridge Limited)
On December 24, 2018, two individual plaintiffs, who are members of the Ghana Parliament (“Plaintiffs”), filed a writ to invoke the original jurisdiction of the Supreme Court of Ghana. On January 16, 2019, Plaintiffs filed the Statement of Plaintiff’s Case outlining the details of the Plaintiff’s case and subsequently served Newmont Ghana Gold Limited (“NGGL”) and Newmont Golden Ridge Limited (“NGRL”) along with the other named defendants, the Attorney General of Ghana, the Minerals Commission of Ghana and 33 other mining companies with interests in Ghana. The Plaintiffs allege that under article 268 of the 1992 Constitution of Ghana, the mining company defendants are not entitled to carry out any exploitation of minerals or other natural resources in Ghana, unless their respective transactions, contracts or concessions are ratified or exempted from ratification by the Parliament of Ghana. Newmont’s current mining leases are both ratified by Parliament; NGGL June 13, 2001 mining lease, ratified by Parliament on October 21, 2008, and NGRL January 19, 2010 mining lease; ratified by Parliament on December 3, 2015. The writ alleges that any mineral exploitation prior to Parliamentary ratification is unconstitutional. The Plaintiffs seek several remedies including: (i) a declaration as to the meaning of constitutional language at issue; (ii) an injunction precluding exploitation of minerals for any mining company without prior Parliamentary ratification; (iii) a declaration that all revenue as a result of violation of the Constitution shall be accounted for and recovered via cash equivalent; and (iv) an order that the Attorney General and Minerals Commission submit all un-ratified mining leases, undertakings or contracts to Parliament for ratification. Newmont intends to vigorously defend this matter but cannot reasonably predict the outcome. On April 15, 2025, the Company completed the sale of the Akyem reportable segment. Refer to Note 1 for further information. In the case of an adverse final judgment pursuant to a non-appealable governmental order, if any, the Company would be required to indemnify the buyer for certain fines, penalties and disgorgements attributable to the period from the date of the Company’s commencement of commercial production under the mining leases in October 2013 to the date on which the mining leases were ratified by Parliament on December 3, 2015.
Newmont Capital Limited and Newmont Canada FN Holdings ULC – 100% Newmont Owned
The Australian Taxation Office (“ATO”) is conducting a limited review of the Company’s prior year tax returns. The ATO is reviewing an internal reorganization executed in 2011 when Newmont completed a restructure of the shareholding in the Company’s Australian subsidiaries. To date, the Company has responded to inquiries from the ATO and provided them with supporting documentation for the transaction and the Company’s associated tax positions. One aspect of the ATO review relates to an Australian capital gains tax that applies to sales or transfers of stock in certain types of entities. In the fourth quarter of 2017, the ATO notified the Company that it believed the 2011 reorganization was subject to capital gains tax of approximately $85 (including interest and penalties). The Company disputed this conclusion and is vigorously defending its position that the transaction is not subject to this tax. In the fourth quarter of 2017, the Company made a $24 payment to the ATO and lodged an appeal with the Australian Federal Court. The court proceedings were held during the third quarter of 2024 and the Company is currently awaiting the judgement, which is expected during the second quarter of 2025. The Company cannot reasonably predict the outcome.
Newmont Corporation and Goldcorp Canada Ltd. – 100% Newmont Owned
On November 20, 2024, Taykwa Tagamou Nation (“TTN") filed a Statement of Claim in the Ontario Superior Court of Justice against the Ontario government, as well as Newmont Corporation and Goldcorp Canada Ltd. (collectively “Newmont”), alleging that the resumption of open pit mining at the Pamour mine in Timmins, Ontario, Canada would be without proper consultation or consideration of the cumulative impacts of TTN’s traditional territory and Aboriginal rights, and as such, the associated environmental permits previously issued by the Ontario government with respect to Pamour ought to be revoked. TTN is seeking, amongst other things: (i) a stay of all activities authorized under the permits until the case is resolved, (ii) a declaration that Ontario breached its duty to consult and violated Treaty No. 9, and section 35 of the Constitution Act (Canada) 1982, and (iii) general and aggravated damages. Newmont remains steadfast in its commitment to foster meaningful and productive relationships with First Nation communities in Canada, and had undertaken appropriate consultations with various community stakeholders, including TTN and other First Nation groups in the Timmins area – as such, the permits were properly issued by the government. Newmont is vigorously defending this matter, but cannot reasonably predict the outcome.
Refer to Note 1 for further information regarding the recently completed sale of the Porcupine reportable segment, which is the focus of this case and for which liability has transferred to the buyer as of April 15, 2025.
Newmont Corporation
Karas v. Newmont Corp., et al. On January 31, 2025, a putative class action lawsuit was filed against Newmont and Newmont’s Chief Executive Officer, Chief Operating Officer and Chief Financial Officer in the United States District Court for the District of Colorado. The action was brought on behalf of an alleged class of Newmont stockholders who owned stock between February 22, 2024 and October 23, 2024 (the alleged class period). Plaintiffs allege that the defendants made a series of materially false and misleading statements and/or omissions during the alleged class period regarding the Company’s projected revenue outlook and ability to deliver higher grades of gold and mineral production in violation of federal securities laws. Plaintiffs further allege that the purported class members suffered losses and damages resulting from declines in the market value of Newmont’s common stock after the Company announced its third quarter 2024 results and updated guidance on October 23, 2024. Plaintiffs seek unspecified monetary damages and other relief. Newmont intends to vigorously defend this matter, but cannot reasonably predict the outcome. On April 1, 2025, certain putative class members filed motions to be appointed lead plaintiffs in the case.
Gunderson v. Palmer et al.; Levin v. Palmer et al.; Chin v. Palmer et al.; and Harris v. Palmer et al. On February 21, February 28, March 20, and April 4, 2025, respectively, purported Newmont stockholders filed putative derivative complaints nominally on behalf of Newmont against Newmont’s Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, and members of Newmont’s Board of Directors, naming Newmont as a nominal defendant, in the United States District Court for the District of Colorado. While the allegations and asserted claims vary among the actions, the complaints, taken collectively, generally raise similar allegations as the complaint in Karas with respect to the same or similar statements regarding the Company’s business, as well as, among other things, allegations that the Company lacked adequate internal controls and oversight over risk management, made materially false and misleading statements in the Company’s 2024 proxy statement, and that there were improper share repurchases by the Company and stock sales by the Company’s Chief Executive Officer during the period February 22, 2024 to October 23, 2024, and assert claims under federal securities law (other than in the Chin case) and Delaware state law. Plaintiffs seek unspecified monetary damages, restitution, disgorgement and other relief, including reforms to the Company’s corporate governance. On March 19, 2025, on motion from plaintiffs in Gunderson and Levin, the court consolidated Levin into Gunderson, and appointed lead plaintiffs in the consolidated case.
Newmont intends to vigorously defend these matters, but cannot reasonably predict the outcome of any matter.
Other Commitments and Contingencies
As part of its ongoing business and operations, the Company and its affiliates are required to provide surety bonds, bank letters of credit and bank guarantees as financial support for various purposes, including environmental remediation, reclamation, exploration permitting, workers compensation programs and other general corporate purposes. At March 31, 2025 and December 31, 2024, there were $2,341 and $2,086, respectively, of outstanding letters of credit, surety bonds and bank guarantees. The obligations associated with these instruments are generally related to performance requirements that the Company addresses through its ongoing
operations. As the specific requirements are met, the beneficiary of the associated instrument cancels and/or returns the instrument to the issuing entity. Certain of these instruments are associated with operating sites with long-lived assets and will remain outstanding until closure. Generally, bonding requirements associated with environmental regulation are becoming more restrictive. However, the Company believes it is in compliance with all applicable bonding obligations and will be able to satisfy future bonding requirements through existing or alternative means, as they arise.
Newmont is from time to time involved in various legal proceedings related to its business. Except in the above-described proceedings, management does not believe that adverse decisions in any pending or threatened proceeding or that amounts that may be required to be paid by reason thereof will have a material adverse effect on the Company’s financial condition or results of operations.
In connection with the Company's investment in Galore Creek, Newmont will owe NovaGold Resources Inc. $75 upon the earlier of approval to construct a mine, mill and all related infrastructure for the Galore Creek project or the initiation of construction of a mine, mill or related infrastructure. The amount due is non-interest bearing. The decision for an approval and commencement of construction is contingent on the results of a prefeasibility study which is currently under way and feasibility study which has not yet occurred.
Refer to Note 25 of the Consolidated Financial Statements included in Part II, Item 8, of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 21, 2025 for information on the Company's contingent payments.
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Pay vs Performance Disclosure    
Net Income (Loss) $ 1,891 $ 170
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Risks and Uncertainties
Risks and Uncertainties
As a global mining company, the Company’s revenue, profitability and future rate of growth are substantially dependent on prevailing metal prices, primarily for gold, but also for copper, silver, lead, and zinc. Historically, the commodity markets have been very volatile, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or extended decline in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital and on the quantities of reserves that the Company can economically produce. The carrying value of the Company’s Property, plant and mine development, net; Inventories; Stockpiles and ore on leach pads; Investments; certain Derivative assets; Deferred income tax assets; and Goodwill are particularly sensitive to the outlook for commodity prices. A decline in the Company’s price outlook from current levels could result in material impairment charges related to these assets.
The Company's global operations expose it to risks associated with public health crises, geopolitical and macroeconomic pressures, including but not limited to inflationary conditions, as well as the effects of certain countermeasures taken by central banks, supply chain disruptions resulting from global conflicts and other global events, an uncertain and evolving labor market and trade environment including tariff and regulatory changes.
Factors that could have further potential short- and, possibly, long-term material adverse impacts on the Company include, but are not limited to, volatility in commodity prices and the prices for gold and other metals, changes in the equity and debt markets or country specific factors adversely impacting discount rates, significant cost inflation impacts on production, capital and asset retirement costs, logistical challenges, workforce interruptions and financial market disruptions, energy market disruptions, as well as potential impacts to estimated costs and timing of projects.
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, Item 8, of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 21, 2025.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the accounting for and recognition and disclosure of assets, liabilities, equity, revenues and expenses. The Company must make these estimates and assumptions because certain information used is dependent on future events, cannot be calculated with a high degree of precision from data available or simply cannot be readily calculated based on generally accepted methodologies. Actual results could differ from these estimates.
Indemnification Liabilities
Indemnification Liabilities
The Company has provided certain indemnifications in connection with divestitures. The indemnifications contingently require the Company, as guarantor, to make payments to the guaranteed party and are initially measured at the greater of fair value or the contingent liability amount to be recognized in accordance with ASC 450 and are included in Other non-current liabilities. For indemnifications provided in sales agreements, a portion of the sale proceeds is allocated to the guarantee, which adjusts the gain or loss that would otherwise result from the transaction. The subsequent accounting for the liability depends on the nature of the underlying guarantee. Indemnification liabilities are reduced as the Company is released from risk under the guarantee. The recognition and measurement provisions of ASC 450 continue to apply to the contingent loss portion of the guarantee unless the guarantee is accounted for as a derivative.
Reclassifications
Reclassifications
Certain amounts and disclosures in prior years have been reclassified to conform to the current year presentation.
Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules and Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules
Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules
Improvement to Income Tax Disclosures
In December 2023, ASU 2023-09 was issued which requires disaggregated information about the effective tax rate reconciliation and additional information on taxes paid that meet a qualitative threshold. The new guidance is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. The Company adopted this standard as of January 1, 2025 and will be reflect the new disclosure requirements in its annual report.
Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules
Disaggregation of Income Statement Expenses
In November 2024, ASU 2024-03 was issued, requiring additional disclosures in the notes to the financial statements on the nature of certain expense captions presented on the face of the Consolidated Statement of Operations. The new guidance is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the impacts of the guidance on its consolidated financial statements.
v3.25.1
DIVESTITURES (Tables)
 3 Months Ended
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations Gains recognized on the completed sales during the three months ended March 31, 2025 are summarized in the table below; value of consideration received and indemnifications provided represent the value at the time of close.
CC&V (1)
Musselwhite (2)
Éléonore (3)
Cash received, net of working capital adjustments (4)
$109 $799 $784 
Deferred consideration received154 14 — 
Value of consideration received263 813 784 
Less: Carrying value of net assets divested(196)(794)(612)
Less: Indemnification provided(65)— — 
Gain on completed sales (5)(6)
$2 $19 $172 
____________________________
(1)Sale of the CC&V reportable segment to SSR Mining Inc. ("SSR") closed on February 28, 2025. The deferred consideration consists of $175 payable in two installments of $87.5 upon certain regulatory approvals. The deferred payments meet the definition of a derivative asset and are included as contingent consideration in Derivative assets. The indemnification consists of a guarantee in which the Company will indemnify SSR for 90% of certain closure costs over $500 related to the Company’s historical mining activities with no limitation to the maximum potential future payments. The Company has an opportunity to fully settle the indemnification at certain milestones through a one-time lump sum payment. The indemnification is included in Other non-current liabilities.
(2)Sale of the Musselwhite reportable segment to Orla Mining Ltd closed on February 28, 2025. The deferred consideration consists of $40 payable in two installments of $20 on the first and second year anniversary of the close date, dependent on the average spot gold price over the respective period. The deferred payments meet the definition of a derivative asset and are included as contingent consideration in Other current assets and Derivative assets, respectively.
(3)Sale of the Éléonore reportable segment to Dhilmar Ltd closed on February 28, 2025.
(4)Certain working capital adjustments are to be finalized over a defined period from the close of sale. Any resulting revisions will be settled in cash, with an offsetting impact recognized in (Gain) loss on sale of assets held for sale. Adjustments are not expected to be material.
(5)Recognized in (Gain) loss on sale of assets held for sale for the three months ended March 31, 2025.
(6)A total net loss of $15 was recognized on the divestment of the CC&V reportable segment since designation as held for sale in the first quarter of 2024, of which a gain of $2 was recognized for the three months ended March 31, 2025. This total loss includes a prior period write-down to recognize the assets held for sale of the CC&V reportable segment at the lower of the carrying value or fair value, less costs to sell. No prior period write-downs were incurred on the Musselwhite or Éléonore reportable segments.
The following table presents the carrying value of the major classes of assets and liabilities held for sale by disposal group as of March 31, 2025. The carrying values are presented prior to the recognition of the cumulative write-down of $606, which consists of a reversal of a prior period write-down of $76, excluding tax impacts, for the three months ended March 31, 2025.
At March 31, 2025
Porcupine (1)
Akyem (1)
Coffee Project (2)
Total
Assets held for sale:
Property, plant and mine development, net
$1,586 $568 $321 $2,475 
Other assets
103 226 1 330 
Carrying value of assets held for sale
$1,689 $794 $322 $2,805 
Liabilities held for sale:
Reclamation and remediation liabilities
$536 $432 $3 $971 
Other liabilities
280 56 2 338 
Carrying value of liabilities held for sale
$816 $488 $5 $1,309 
____________________________
(1)In April 2025, the Company completed the sales of the Akyem and Porcupine reportable segments. Refer to Note 1 for further information.
(2)The Coffee Project is included in Corporate and Other in Note 4.
The following table presents the carrying value of the major classes of assets and liabilities held for sale by disposal group as of December 31, 2024, prior to recognition of the write-down of $699, excluding tax impacts.
At December 31, 2024
CC&V (1)
Musselwhite (1)
Porcupine
Éléonore (1)
Akyem
Coffee Project (2)
Total
Assets held for sale:
Property, plant and mine development, net
$170 $1,063 $1,541 $785 $559 $321 $4,439 
Other assets
408 39 93 70 258 1 869 
Carrying value of assets held for sale
$578 $1,102 $1,634 $855 $817 $322 $5,308 
Liabilities held for sale:
Reclamation and remediation liabilities
$334 $82 $563 $87 $427 $3 $1,496 
Other liabilities
37 257 223 71 91 2 681 
Carrying value of liabilities held for sale
$371 $339 $786 $158 $518 $5 $2,177 
____________________________
(1)Divested as of March 31, 2025.
(2)The Coffee Project is included in Corporate and Other in Note 4.
Disclosure of Long-Lived Assets Held-for-Sale
For the three months ended March 31, 2025 and 2024, (Gain) loss on sale of assets held for sale consisted of the following:
Three Months Ended
March 31,
20252024
(Gain) on completed sales$(193)$— 
(Reversals of write-downs) write-downs on assets classified as held for sale (1)
(76)352
Tax impacts (2)
(17)133
Other (3)
10 — 
$(276)$485 
____________________________
(1)Resulted in an aggregate net book value of the assets held for sale of $890 and $3,305 at March 31, 2025 and 2024, respectively.
(2)In 2024, a tax impact on write-downs of assets held for sale resulted in the establishment of a deferred tax asset, which increased the respective carrying values of the related disposal groups and resulted in an additional loss. In 2025, a tax impact on the reversal of prior write-downs of assets held for sale resulted in the reduction to the deferred tax asset, which decreased the respective carrying values of the related disposal group and resulted in an additional gain.
(3)Primarily consists of the impact of finalization of certain working capital adjustments on completed sales and certain costs incurred under the transitional services support agreements.
v3.25.1
SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2025
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 Amortization
Reclamation and Remediation
Advanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)(2)
Income (Loss) before Income and Mining Tax and Other Items
Total Assets
Capital Expenditures (3)
Three Months Ended
March 31, 2025
Ahafo$574 $247 $49 $2 $10 $(7)$273 $2,717 $113 
Brucejack
133 83 46 1 2 4 (3)2,653 16 
Red Chris
Gold45 16 5 
Copper69 35 11 
Total Red Chris114 51 16 2 2 (1)44 2,614 27 
Peñasquito:
Gold366 106 47 
Silver188 62 28 
Lead42 21 10 
Zinc181 110 45 
Total Peñasquito777 299 130 5 4 1 338 4,700 25 
Merian141 72 15 1 7 — 46 956 15 
Cerro Negro
108 78 28 1 5 4 (8)1,832 48 
Yanacocha279 93 26 45 1 6 108 1,929 4 
Boddington:
Gold414 167 29 
Copper74 38 7 
Total Boddington488 205 36 4 3 2 238 2,402 42 
Tanami210 82 25 1 2 1 99 2,350 131 
Cadia:
Gold316 77 33 
Copper211 71 30 
Total Cadia527 148 63 1 — 19 296 6,315 129 
Lihir
455 161 40 3 1 5 245 5,655 45 
NGM626 308 97 3 2 1 215 7,465 102 
Held for sale (4)
Porcupine145 63 1 5 1 (92)167 1,302 44 
Akyem113 90 3 4 — 2 14 794 8 
Total Reportable Segments
4,690 1,980 575 78 40 (55)2,072 43,684 749 
Corporate and Other— — 16 11 50 (98)21 11,835 2 
Divested (5)
CC&V88 39 2 2 — (3)48 — 5 
Musselwhite94 33 — 1 — (18)78 — 14 
Éléonore138 54 — 1 2 (171)252 — 12 
Consolidated$5,010 $2,106 $593 $93 $92 $(345)$2,471 $55,519 $782 
____________________________
(1)Other Segment Expenses (Income) for all reportable segments includes Other expense, net and Other income (loss), net. Refer to Notes 7 and 8 respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative, Change in fair value of investments and options, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other.
(2)For the three months ended March 31, 2025, Other Segment Expenses (Income) includes (Gain) loss on sale of assets held for sale which primarily consists of gains on the completed sales of the CC&V, Musselwhite, and Éléonore reportable segments of $2, $19, and $172, respectively. Refer to Note 3 for further information.
(3)Primarily includes a decrease in accrued capital expenditures of $44. Consolidated capital expenditures on a cash basis were $826.
(4)Refer to Note 3 for further information on held for sale. The Coffee development project disposal group is included in Corporate and Other.
(5)In the first quarter of 2025, the Company completed the sales of the CC&V, Musselwhite, and Éléonore reportable segments. Refer to Note 3 for further information.
SalesCosts Applicable to SalesDepreciation and Amortization
Reclamation and Remediation (1)
Advanced Projects, Research and Development and Exploration
Other Segment Expenses (Income) (1)(2)
Income (Loss) before Income and Mining Tax and Other Items
Total Assets (1)
Capital Expenditures (3)
Three Months Ended
March 31, 2024
Ahafo$381 $159 $51 $2 $5 $(14)$178 $2,947 $90 
Brucejack
72 74 35 1 — (1)(37)4,167 16 
Red Chris:
Gold1672
Copper46318
Total Red Chris62 38 10 — 2 1 11 2,319 35 
Peñasquito:
Gold92 38 15 
Silver201 111 44 
Lead60 36 14 
Zinc124 108 36 
Total Peñasquito477 293 109 5 2 6 62 4,808 32 
Merian155 90 19 1 4 2 39 927 18 
Cerro Negro
153 63 30 1 5 3 51 1,717 46 
Yanacocha186 88 28 48 2 — 20 1,865 24 
Boddington:
Gold299 144 26 
Copper77 48 9 
Total Boddington376 192 35 3 1 (12)157 2,388 28 
Tanami188 82 25 — 8 (9)82 1,971 85 
Cadia:
Gold248 74 28 
Copper167 67 27 
Total Cadia
415 141 55 1 5 (9)222 6,238 111 
Lihir
377 171 35 1 6 1 163 3,906 55 
NGM559 314 107 3 5 2 128 7,421 118 
Held for sale (4)
CC&V59 40 3 3 1 104 (92)460 5 
Musselwhite101 57 18 1 2 82 (59)979 26 
Porcupine125 63 23 5 2 (2)34 1,498 40 
Éléonore
116 80 19 1 4 — 12 868 21 
Telfer: (5)
Gold59 70 8 
Copper7 15 2 
Total Telfer66 85 10 3 4 (12)(24)706 10 
Akyem155 76 30 3 4 (1)43 1,043 9 
Total Reportable Segments
4,023 2,106 642 82 62 141 990 46,228 769 
Corporate and Other— — 12 16 44 490 (562)9,107 4 
Consolidated$4,023 $2,106 $654 $98 $106 $631 $428 $55,335 $773 
____________________________
(1)Segment presentation for the prior period has been recast due to the adoption of ASU 2023-07.
(2)Other Segment Expenses (Income) for all reportable segments includes (Gain) loss on sale of assets held for sale, Other expense, net, and Other income (loss), net. Refer to Notes 3, 7, and 8, respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative, Change in fair value of investments and options, and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other.
(3)Primarily includes a decrease in accrued capital expenditures of $77. Consolidated capital expenditures on a cash basis were $850.
(4)Refer to Note 3 for further information on held for sale. The Coffee development project disposal group is included in Corporate and Other.
(5)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 for further information.
v3.25.1
SALES (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of sales by mining operation, product and by inventory type, and provisional sales
The following tables present the Company’s Sales by mining operation, product, and inventory type:
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Three Months Ended March 31, 2025
Ahafo$574 $— $574 
Brucejack
87 46 133 
Red Chris:
Gold— 45 45 
Copper— 69 69 
Total Red Chris— 114 114 
Peñasquito:
Gold— 366 366 
Silver (1)
— 188 188 
Lead— 42 42 
Zinc— 181 181 
Total Peñasquito— 777 777 
Merian137 4 141 
Cerro Negro 108 — 108 
Yanacocha270 9 279 
Boddington:
Gold94 320 414 
Copper— 74 74 
Total Boddington94 394 488 
Tanami210 — 210 
Cadia:
Gold30 286 316 
Copper— 211 211 
Total Cadia30 497 527 
Lihir
455 — 455 
NGM (2)
587 39 626 
Held for sale (3)
Porcupine 145 — 145 
Akyem
113 — 113 
Divested (4)
CC&V88 — 88 
Musselwhite 94 — 94 
Éléonore 138 — 138 
Consolidated$3,130 $1,880 $5,010 
____________________________
(1)Silver sales from concentrate includes $19 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 $589 for the three months ended March 31, 2025.
(3)Refer to Note 3 for further information on held for sale.
(4)In the first quarter of 2025, the Company completed the sales of the CC&V, Musselwhite, and Éléonore reportable segments. Refer to Note 3 for further information.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Three Months Ended March 31, 2024
Ahafo$381 $— $381 
Brucejack
49 23 72 
Red Chris
Gold— 16 16 
Copper— 46 46 
Total Red Chris— 62 62 
Peñasquito:
Gold— 92 92 
Silver (1)
— 201 201 
Lead— 60 60 
Zinc— 124 124 
Total Peñasquito— 477 477 
Merian148 7 155 
Cerro Negro 153 — 153 
Yanacocha186 — 186 
Boddington:
Gold74 225 299 
Copper— 77 77 
Total Boddington74 302 376 
Tanami188 — 188 
Cadia:
Gold33 215 248 
Copper
— 167 167 
Total Cadia33 382 415 
Lihir
377 — 377 
NGM (2)
529 30 559 
Held for sale (3)
CC&V59 — 59 
Musselwhite 101 — 101 
Porcupine 125 — 125 
Éléonore 116 — 116 
Telfer: (4)
Gold7 52 59 
Copper— 7 7 
Total Telfer7 59 66 
Akyem155 — 155 
Consolidated$2,681 $1,342 $4,023 
____________________________
(1)Silver sales from concentrate includes $27 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 $530 for the three months ended March 31, 2024.
(3)Refer to Note 3 for further information on held for sale.
(4)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 for further information.
At March 31, 2025, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months:
Provisionally Priced Sales
Subject to Final Pricing (1)
Average Provisional
Price (per ounce/pound)
Gold (ounces, in thousands)292 $3,127 
Copper (pounds, in millions)101 $4.40 
Silver (ounces, in millions)4 $34.57 
Lead (pounds, in millions)41 $0.91 
Zinc (pounds, in millions)133 $1.29 
____________________________
(1)Includes provisionally priced by-product sales subject to final pricing, which are recognized as a reduction to Costs applicable to sales.
v3.25.1
RECLAMATION AND REMEDIATION (Tables)
 3 Months Ended
Mar. 31, 2025
Environmental Remediation Obligations [Abstract]  
Reclamation and Remediation Expense
The Company’s Reclamation and remediation expense consisted of:
Three Months Ended
March 31,
20252024
Reclamation adjustments and other$1 $3 
Reclamation accretion87 85 
Reclamation expense88 88 
Remediation adjustments and other3 8 
Remediation accretion2 2 
Remediation expense5 10 
Reclamation and remediation$93 $98 
Reconciliation of Reclamation Liabilities
The following are reconciliations of Reclamation and remediation liabilities:
Reclamation
Remediation
2025202420252024
Balance at January 1,
$7,015 $8,385 $370 $401 
Additions, changes in estimates, and other
— — — 5 
Divestitures (1)
(4)— — — 
Payments, net(87)(53)(8)(6)
Accretion expense 87 85 2 2 
Reclassification to Liabilities held for sale (1)
(8)(1,571)— (20)
Balance at March 31,
$7,003 $6,846 $364 $382 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for assets held for sale. As a result, the related assets and liabilities, including reclamation and remediation liabilities, were reclassified to Assets held for sale and Liabilities held for sale, respectively. Additionally, in the first quarter of 2025, the Company completed the sale of CC&V, Musselwhite, and Éléonore reportable segments. Refer to Note 3 for further information.
At March 31, 2025At December 31, 2024
ReclamationRemediationTotalReclamationRemediationTotal
Current (1)
$926 $65 $991 $928 $63 $991 
Non-current (2)
6,077 299 6,376 6,087 307 6,394 
Total (3)
$7,003 $364 $7,367 $7,015 $370 $7,385 
____________________________
(1)The current portion of reclamation and remediation liabilities are included in Other current liabilities.
(2)The non-current portion of reclamation and remediation liabilities are included in Reclamation and remediation liabilities.
(3)Total reclamation liabilities include $4,518 and $4,546 related to Yanacocha at March 31, 2025 and December 31, 2024, respectively.
Reconciliation of Remediation Liabilities
At March 31, 2025At December 31, 2024
ReclamationRemediationTotalReclamationRemediationTotal
Current (1)
$926 $65 $991 $928 $63 $991 
Non-current (2)
6,077 299 6,376 6,087 307 6,394 
Total (3)
$7,003 $364 $7,367 $7,015 $370 $7,385 
____________________________
(1)The current portion of reclamation and remediation liabilities are included in Other current liabilities.
(2)The non-current portion of reclamation and remediation liabilities are included in Reclamation and remediation liabilities.
(3)Total reclamation liabilities include $4,518 and $4,546 related to Yanacocha at March 31, 2025 and December 31, 2024, respectively.
v3.25.1
OTHER EXPENSE, NET (Tables)
 3 Months Ended
Mar. 31, 2025
Operating Costs and Expenses [Abstract]  
Schedule of other expense, net
Three Months Ended
March 31,
20252024
Impairment charges$15 $12 
Restructuring and severance9 6 
Newcrest transaction and integration costs
4 29 
Settlement costs3 21 
Other12 5 
Other expense, net$43 $73 
v3.25.1
OTHER INCOME (LOSS), NET (Tables)
 3 Months Ended
Mar. 31, 2025
Other Income, Nonoperating [Abstract]  
Other Income, Net
Three Months Ended
March 31,
20252024
Interest income$41 $39 
Foreign currency exchange, net(20)28 
Loss on debt extinguishment (1)
(10)— 
Gain (loss) on asset and investment sales
(5)9 
Other
4 14 
Other income (loss), net$10 $90 
____________________________
(1)In the first quarter of 2025, the Company fully redeemed the outstanding 2026 Senior Notes and partially redeemed certain senior notes, resulting in a net loss on extinguishment of $10. Refer to Note 15 for additional information.
v3.25.1
INCOME AND MINING TAXES (Tables)
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income and Mining Tax Expense Reconciliation
A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate follows:
Three Months Ended March 31, (1)
20252024
Income (loss) before income and mining tax and other items$2,471 $428 
U.S. Federal statutory tax rate21 %519 21 %90 
Reconciling items:
Change in valuation allowance on deferred tax assets(8)(197)

(15)(65)
Foreign rate differential7 180 15 63 
Mining and other taxes (net of associated federal benefit)3 63 10 43 
Tax impact of foreign exchange — (8)7 30 
Akyem recognition of DTL for assets held for sale— 2 27 117 
Tax impact of divestitures (2)
3 83 — — 
Other— 5 (4)(18)
Income and mining tax expense (benefit)
26 %$647 61 %$260 
____________________________
(1)Tax rates may not recalculate due to rounding.
(2)Refer to Note 3 for further information on divestitures.
v3.25.1
FAIR VALUE ACCOUNTING (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables set forth the Company’s assets and liabilities measured at fair value on a recurring (at least annually) or nonrecurring basis by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Refer to Note 13 of the Consolidated Financial Statements included in Part II, Item 8, of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 21, 2025 for further information on the Company's assets and liabilities included in the fair value hierarchy presented below.
Fair Value at March 31, 2025
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$4,698 $4,698 $— $— 
Restricted cash32 32 — — 
Trade receivables from provisional concentrate sales
886 — 886 — 
Assets held for sale (Note 3) (2)
1,418 — 1,311 107 
Equity method investments (3)
413 413 — — 
Marketable and other equity securities (Note 12)
469 469 — — 
Restricted marketable debt securities (Note 12)
14 14 — — 
Derivative assets (Note 11)
364 — 1 363 
$8,294 $5,626 $2,198 $470 
Liabilities:
Debt (4)
$7,553 $— $7,553 $— 
Derivative liabilities (Note 11)
98 — 93 5 
Indemnification liabilities (5)
65 — — 65 
Other liabilities (6)
131 — 131 — 
$7,847 $— $7,777 $70 
Fair Value at December 31, 2024
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents (1)
$3,619 $3,619 $— $— 
Restricted cash31 31 — — 
Trade receivables from provisional concentrate sales
993 — 993 — 
Assets held for sale (2)
1,840 — 1,168 672 
Equity method investments (3)
212 212 — — 
Marketable and other equity securities (Note 12)
305 305 — — 
Restricted marketable debt securities (Note 12)
15 15 — — 
Derivative assets (Note 11)
142 — — 142 
Other assets (7)
61 — — 61 
$7,218 $4,182 $2,161 $875 
Liabilities:
Debt (4)
$8,400 $— $8,400 $— 
Derivative liabilities (Note 11)
143 — 137 6 
Other liabilities (6)
51 — 51 — 
$8,594 $— $8,588 $6 
____________________________
(1)Cash and cash equivalents includes short-term deposits that have an original maturity of three months or less.
(2)Assets held for sale at March 31, 2025 and December 31, 2024 includes assets held for sale that were adjusted to their fair value, excluding costs to sell, of $1,418 and $1,840, respectively. The aggregate fair value, excluding costs to sell, of net assets held for sale subject to fair value remeasurement at March 31, 2025 and December 31, 2024 was $597 and $679, respectively.
(3)Consists of the equity investment in Greatland Gold plc ("Greatland") acquired through the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024, for which the Company elected the fair value option. Refer to Note 12 for further information.
(4)Debt is carried at amortized cost. The outstanding carrying value was $7,507 and $8,476 at March 31, 2025 and December 31, 2024, respectively. Refer to Note 15 for further information. The fair value measurement of debt was based on an independent third-party pricing source.
(5)Consists of the indemnification recognized related to the sale of the CC&V reportable segment, recognized at fair value at completion of the sale on February 28, 2025. Refer to Note 3 for further information.
(6)Consists of an option acquired through the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024, for which the Company elected the fair value option. Refer to Note 12 for further information.
(7)Consists of the contingent payments acquired through the sale of the assets of the Telfer reportable segment that do not meet the definition of a derivative and are considered to be a financial asset for which the Company recorded at fair value at completion of the sale on December 4, 2024.
Quantitative and Qualitative Information
The following tables set forth a summary of the quantitative and qualitative information related to the significant observable and unobservable inputs used in the calculation of the Company’s Level 3 financial assets and liabilities at March 31, 2025 and December 31, 2024:
DescriptionAt March 31, 2025Valuation TechniqueSignificant InputRange, Point Estimate or Average
Weighted Average Discount Rate
Assets held for sale
$107 Income approach
Various (1)
Various (1)
Various (1)
Derivative assets:
Hedging instruments (2)
$138 Income approachForward power prices
A$29 - A$489
6.75%
Contingent consideration assets$225 Income approachDiscount rate
6.36% - 16.38%
6.70%
Derivative liabilities (2)
$5 Income approachDiscount rate
5.22% - 5.95%
5.66%
Indemnification liabilities
$65 Income approach
Discount rate (3)
4.38% - 5.75%
4.55%
DescriptionAt December 31, 2024Valuation TechniqueSignificant InputRange, Point Estimate or Average
Weighted Average Discount Rate
Assets held for sale
$672 Income approach
Various (1)
Various (1)
Various (1)
Derivative assets:
Hedging instruments (2)
$94 
Income approach
Forward power prices
A$43 - A$321
6.75%
Contingent consideration assets$47 
Income approach
Discount rate
6.37% - 16.38%
10.67%
Other assets
$61 
Income approach
Discount rate6.60%6.60%
Derivative liabilities
$5 
Income approach
Discount rate
5.22% - 5.95%
5.66%
____________________________
(1)Refer to Note 3 for information on the assumptions and inputs specific to the non-recurring fair value measurement performed relating to assets held for sale.
(2)At March 31, 2025, the current and non-current portion of the Cadia Power Purchase Agreement ("Cadia PPA") of $7 and $131, respectively, are in an asset position. At December 31, 2024, the current portion of the Cadia PPA of $1 is in a liability position and the non-current portion of $95 is in an asset position. Amounts in an asset position are included in Derivative assets within the fair value hierarchy table and amounts in a liability position are included in Derivative liabilities within the fair value hierarchy table.
(3)Other significant inputs on the valuation of the indemnification liabilities include expected future closure costs of the divested CC&V mine.
Changes in the Fair Value of the Company's Level 3 Financial Assets
The following tables set forth a summary of changes in the fair value of the Company’s recurring Level 3 financial assets and liabilities:
Derivative
Assets
Total Assets
Derivative
Liabilities
Total Liabilities
Fair value at December 31, 2024$142 $142 $6 $6 
Acquired through divestments (1)
168 168 — — 
Fair value changes in Other comprehensive income (loss)
43 43 (1)(1)
Fair value changes in Other income (loss), net
10 10 — — 
Fair value at March 31, 2025$363 $363 $5 $5 
Derivative
Assets
Total Assets
Derivative
Liabilities
Total Liabilities
Fair value at December 31, 2023$635 $635 $5 $5 
Transfers out of Level 3 (2)
(76)(76)— — 
Fair value changes in Other comprehensive income (loss)
(32)(32)— — 
Fair value changes in Other income (loss), net
(6)(6)— — 
Fair value changes in Net income (loss) from discontinued operations
4 4 — — 
Fair value at March 31, 2024$525 $525 $5 $5 
____________________________
(1)In the first quarter of 2025, the Company acquired contingent consideration assets through the sales of the CC&V and Musselwhite reportable segments and recognized a guarantee in connection with the CC&V reportable segment sale. Refer to Note 3 for further information.
(2)In the first quarter of 2024, certain amounts relating to the Batu Hijau contingent consideration asset were reclassified from a derivative to a receivable as a result of achieving certain contractual milestones.
Changes in the Fair Value of the Company's Level 3 Financial Liabilities
The following tables set forth a summary of changes in the fair value of the Company’s recurring Level 3 financial assets and liabilities:
Derivative
Assets
Total Assets
Derivative
Liabilities
Total Liabilities
Fair value at December 31, 2024$142 $142 $6 $6 
Acquired through divestments (1)
168 168 — — 
Fair value changes in Other comprehensive income (loss)
43 43 (1)(1)
Fair value changes in Other income (loss), net
10 10 — — 
Fair value at March 31, 2025$363 $363 $5 $5 
Derivative
Assets
Total Assets
Derivative
Liabilities
Total Liabilities
Fair value at December 31, 2023$635 $635 $5 $5 
Transfers out of Level 3 (2)
(76)(76)— — 
Fair value changes in Other comprehensive income (loss)
(32)(32)— — 
Fair value changes in Other income (loss), net
(6)(6)— — 
Fair value changes in Net income (loss) from discontinued operations
4 4 — — 
Fair value at March 31, 2024$525 $525 $5 $5 
____________________________
(1)In the first quarter of 2025, the Company acquired contingent consideration assets through the sales of the CC&V and Musselwhite reportable segments and recognized a guarantee in connection with the CC&V reportable segment sale. Refer to Note 3 for further information.
(2)In the first quarter of 2024, certain amounts relating to the Batu Hijau contingent consideration asset were reclassified from a derivative to a receivable as a result of achieving certain contractual milestones.
v3.25.1
DERIVATIVE INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
At March 31,
2025		At December 31,
2024
Current derivative assets: (1)
Contingent consideration assets (2)
$13 $— 
Hedging instruments
7 — 
$20 $— 
Non-current derivative assets: (3)
Contingent consideration assets (2)
$212 $47 
Hedging instruments
132 95 
$344 $142 
Current derivative liabilities: (4)
Contingent consideration liabilities$2 $2 
Hedging instruments
89 136 
$91 $138 
Non-current derivative liabilities: (5)
Contingent consideration liabilities$5 $5 
Hedging instruments
2 — 
$7 $5 
____________________________
(1)Included in Other current assets.
(2)At March 31, 2025, includes contingent consideration assets acquired through the sales of the CC&V and Musselwhite reportable segments in the first quarter of 2025. Refer to Note 3 for further information.
(3)Included in Derivative assets.
(4)Included in Other current liabilities.
(5)Included in Other non-current liabilities.
The Company has implemented various hedge programs in which fixed forward contracts have been entered into to mitigate variability in the USD-functional cash flows associated with specific expenditures. These fixed forward contracts have been designated as foreign currency cash flow hedges for the related forecasted expenditures and were transacted for risk management purposes. Refer to the table below for a summary of these programs at March 31, 2025:
AUD-denominated capital expendituresAUD-denominated operating expendituresCAD-denominated operating expenditures
AUD-denominated capital expenditures
Status:
Active
ActiveActive
Matured (1)
Amount entered into: (2)
A$1,365A$2,763C$754A$574
Cash flow type:
Capital expenditures for construction and development
Operating expenditures
Operating expendituresCapital expenditures for construction and development
Incurred in the periods of:
October 2024 through December 2026
October 2024 through December 2026
October 2024 through December 2026
2023 through 2024
Related to:
Tanami Expansion 2 project; Cadia PC1-2 and PC2-3 ("Cadia Panel Caves"); and Cadia Tailings Project ("Cadia Tails")
Boddington, Tanami, and Cadia operating mines located in Australia
Brucejack and Red Chris operating mines located in Canada
Tanami Expansion 2 project
____________________________
(1)The hedge program matured in 2024 and a gain of $7 remains in Accumulated other comprehensive income (loss) as of March 31, 2025.
(2)Subsequent to March 31, 2025 and prior to filing, the Company entered into an additional A$21, A$177, and C$32 relating to the programs, respectively.
Schedule of Derivative Assets at Fair Value
The following table provides the fair value of the Company’s derivative instruments designated as cash flow hedges:
At March 31,
2025		At December 31,
2024
Hedging instrument assets:
Cadia PPA cash flow hedge, current (1)
$7 $— 
Cadia PPA cash flow hedge, non-current (2)
131 95 
Foreign currency cash flow hedges, non-current (2)
1 — 
$139 $95 
Hedging instrument liabilities:
Foreign currency cash flow hedges, current (3)
$89 $135 
Cadia PPA cash flow hedge, current (3)
— 1 
Foreign currency cash flow hedges, non-current (4)
2 — 
$91 $136 
____________________________
(1)Included in Other current assets.
(2)Included in Derivative assets.
(3)Included in Other current liabilities.
(4)Included in Other non-current liabilities.
Derivative Instruments, Gain (Loss)
The following table provides the losses (gains) recognized in earnings related to the Company's derivative instruments:
Three Months Ended
March 31,
20252024
Loss (gain) on cash flow hedges:
Foreign currency cash flow hedges (1)
$22 $— 
Cadia PPA cash flow hedge (2)
3 — 
Interest rate contracts (3)
1 1 
$26 $1 
____________________________
(1)As of March 31, 2025, $60 is expected to be reclassified out of Accumulated other comprehensive income (loss) into earnings over the next 12 months.
(2)As of March 31, 2025, $10 is expected to be reclassified out of Accumulated other comprehensive income (loss) into earnings over the next 12 months.
(3)Interest rate contracts relate to swaps entered into, and subsequently settled, associated with the issuance of the 2022 Senior Notes, 2035 Senior Notes, 2039 Senior Notes, and 2042 Senior Notes. The related gains and losses are reclassified from Accumulated other comprehensive income (loss) and amortized to Interest expense, net of capitalized interest 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 March 31,
2025		At December 31,
2024
Contingent consideration assets: (1)
CC&V (2)
$154 $— 
Red Lake
39 36 
Musselwhite (2)
21 — 
Other
11 11 
$225 $47 
Contingent consideration liabilities: (3)
$7 $7 
____________________________
(1)Included in Derivative assets.
(2)Received as part of the divestitures incurred in the first quarter of 2025. Refer to Note 3 for further information.
(3)At March 31, 2025 and December 31, 2024, $2 and $5 is included in Other current liabilities and Other non-current liabilities, respectively.
v3.25.1
INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments
At March 31,
2025		At December 31,
2024
Current investments:
Marketable and other equity securities
$18 $21 
Non-current investments:
Marketable and other equity securities (1)
$476 $309 
Equity method investments: 
Pueblo Viejo Mine (40%)
1,516 1,516 
NuevaUnión Project (50%)
970 961 
Lundin Gold Inc. (32%)
941 941 
Norte Abierto Project (50%)
540 532 
Greatland (20%) (2)
413 212 
4,380 4,162 
$4,856 $4,471 
Non-current restricted investments: (3)
Marketable debt securities$14 $15 
____________________________
(1)At March 31, 2025 and December 31, 2024, includes $25 accounted for under the measurement alternative.
(2)Acquired through the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024 and accounted for under the fair value option.
(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 6 for further information regarding these amounts.
v3.25.1
INVENTORIES (Tables)
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Summary of Inventories
At March 31,
2025		At December 31,
2024
Materials and supplies$1,072 $1,081 
In-process166 118 
Concentrate140 148 
Precious metals115 76 
Inventories (1)
$1,493 $1,423 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Inventories of $75 and $185 were reclassified to Assets held for sale at March 31, 2025 and December 31, 2024, respectively. Refer to Note 3 for additional information.
v3.25.1
STOCKPILES AND ORE ON LEACH PADS (Tables)
 3 Months Ended
Mar. 31, 2025
STOCKPILES AND ORE ON LEACH PADS  
Stockpiles and Ore on Leach Pads
At March 31, 2025 (1)
At December 31, 2024 (1)
StockpilesOre on Leach PadsTotalStockpilesOre on Leach PadsTotal
Current$628 $164 $792 $624 $137 $761 
Non-current2,222 187 2,409 2,072 194 2,266 
Total$2,850 $351 $3,201 $2,696 $331 $3,027 
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, the related assets, including Stockpiles and ore on leach pads of $57 and $374 were reclassified to Assets held for sale at March 31, 2025 and December 31, 2024, respectively. Refer to Note 3 for additional information.
v3.25.1
DEBT (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Minimum Debt Repayments
Scheduled minimum debt repayments are as follows:
At March 31,
2025
Year Ending December 31,
2025 (for the remainder of 2025)
$— 
2026— 
2027— 
2028— 
2029635 
Thereafter7,175 
Total face value of debt outstanding
7,810 
Unamortized premiums, discounts, and issuance costs(303)
Debt$7,507 
Schedule of Debt Instrument Redemption The following table summarizes the partial redemptions:
Three Months Ended
March 31, 2025
Settled Notional Amount
Total Repurchase Amount
$700 2.80% Senior Notes due October 2029
$3 $3 
$650 3.25% Senior Notes due May 2030
18 17 
$1,000 2.25% Senior Notes due October 2030
1 1 
$1,000 2.60% Senior Notes due July 2032
31 26 
$53 $47 
v3.25.1
OTHER LIABILITIES (Tables)
 3 Months Ended
Mar. 31, 2025
Other Liabilities Disclosure [Abstract]  
Other Liabilities
At March 31,
2025		At December 31,
2024
Other current liabilities:
Reclamation and remediation liabilities$991 $991 
Accrued operating costs (1)
376 404 
Accrued royalties178 165 
Accrued capital expenditures175 208 
Accrued interest
108 97 
Hedging instruments (2)
89 136 
Payables to NGM (3)
77 115 
Other (4)
363 365 
$2,357 $2,481 
Other non-current liabilities:
Greatland Option (5)
$131 $51 
Income and mining taxes (6)
125 125 
Indemnification liabilities (7)
65 — 
Other (8)
109 112 
$430 $288 
____________________________
(1)In the first quarter of 2025, the Company paid $116 to the Worsley JV related to the waiver of certain rights within the cross-operation agreement that confers priority to the bauxite operations at the Boddington mine. This payment is included in other investing activities in the Condensed Consolidated Statement of Cash Flows.
(2)Refer to Note 11 for additional information.
(3)Primarily consists of amounts due to NGM representing Barrick's 61.5% proportionate share of the amount owed to NGM for gold and silver purchased by Newmont. Newmont’s 38.5% share of such amounts is eliminated upon proportionate consolidation of its interest in NGM. Receivables for Newmont's 38.5% proportionate share related to NGM's activities with Barrick are included in Other current assets.
(4)Primarily consists of the current portion of the silver streaming agreement liability.
(5)Acquired through the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024 and accounted for under the fair value option. Refer to Note 12 for further information.
(6)Primarily consists of unrecognized tax benefits, including penalties and interest.
(7)Consists of the indemnification recognized related to the sale of the CC&V reportable segment. Refer to Note 3 for further information.
(8)Primarily consists of the non-current portion of operating lease liabilities.
v3.25.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​​ (Tables)
 3 Months Ended
Mar. 31, 2025
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Change in Accumulated Other Comprehensive Income (Loss)
Unrealized Gain (Loss) on Hedge Instruments
Other Adjustments
Total
Balance at December 31, 2024$(193)$98 $(95)
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications42 (4)38 
(Gain) loss reclassified from accumulated other comprehensive income (loss)
18 — 18 
Other comprehensive income (loss)60 (4)56 
Balance at March 31, 2025$(133)$94 $(39)
v3.25.1
BASIS OF PRESENTATION (Details)
$ in Millions
 1 Months Ended
Feb. 29, 2024
asset
Apr. 15, 2025
USD ($)
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program    
Business Acquisition [Line Items]    
Disposal group, number of non-core assets to be divested | asset 6  
Disposed of by sale, not discontinued operations | Akyem And Porcupine | Subsequent Event    
Business Acquisition [Line Items]    
Cash received, net of working capital adjustments | $   $ 1,088
v3.25.1
DIVESTITURES - Additional Information (Details)
 1 Months Ended
Feb. 29, 2024
asset
Mar. 31, 2025
oz
num-dot-decimal
Dec. 31, 2024
num-dot-decimal
oz
Telfer      
Disposal group      
Noncontrolling interest, ownership percentage by parent   70.00%  
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program      
Disposal group      
Disposal group, number of non-core assets to be divested | asset 6    
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Measurement Input, Long-Term Gold Price | Valuation, Income Approach      
Disposal group      
Other assets, measurement input | oz   1,900 1,900
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Discount Rate | Valuation, Income Approach      
Disposal group      
Other assets, measurement input | num-dot-decimal   0.0975 0.0975
v3.25.1
DIVESTITURES - Summary of Consideration Received on Divestitures (Details)
$ in Millions
 3 Months Ended
Feb. 28, 2025
USD ($)
installment
payment
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Disposal group      
Gain on completed sales   $ 193.0 $ 0.0
CC&V      
Disposal group      
Gain on completed sales $ (15.0)    
Discontinued operations disposed of by sale | CC&V      
Disposal group      
Cash received, net of working capital adjustments   109.0  
Deferred consideration received   154.0  
Value of consideration received   263.0  
Less: Carrying value of net assets divested   (196.0)  
Less: Indemnification provided   (65.0)  
Gain on completed sales   2.0  
Deferred compensation receivable $ 175.0    
Deferred compensation, number of installments | installment 2    
Deferred compensation receivable, installment amount $ 87.5    
Indemnification coverage, percent 0.90    
Indemnification cost threshold $ 500.0    
Indemnification lump sum settlement option | payment 1    
Discontinued operations disposed of by sale | Musselwhite      
Disposal group      
Cash received, net of working capital adjustments   799.0  
Deferred consideration received   14.0  
Value of consideration received   813.0  
Less: Carrying value of net assets divested   (794.0)  
Less: Indemnification provided   0.0  
Gain on completed sales   19.0  
Deferred compensation receivable $ 40.0    
Deferred compensation, number of installments | installment 2    
Deferred compensation receivable, installment amount $ 20.0    
Discontinued operations disposed of by sale | Eleonore      
Disposal group      
Cash received, net of working capital adjustments   784.0  
Deferred consideration received   0.0  
Value of consideration received   784.0  
Less: Carrying value of net assets divested   (612.0)  
Less: Indemnification provided   0.0  
Gain on completed sales   $ 172.0  
v3.25.1
DIVESTITURES - Schedule of (Gain) Loss on Sale of Assets Held for Sale (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Disposal group    
(Gain) on completed sales $ (193) $ 0
(Reversals of write-downs) write-downs on assets classified as held for sale (76) 352
Tax impacts (17) 133
Other 10 0
(Gain) loss on sale of assets held for sale (Note 3) (276) 485
Disposal Group, Held-for-Sale, Not Discontinued Operations | Portfolio Optimization Program    
Disposal group    
Net book value of assets held for sale $ 890 $ 3,305
v3.25.1
DIVESTITURES - Schedule of Carrying Values of Assets and Liabilities Held for Sale (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Disposal group      
(Gain) loss on sale of assets held for sale (Note 3) $ (276) $ 485  
(Reversals of write-downs) write-downs on assets classified as held for sale (76) $ 352  
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program      
Disposal group      
(Gain) loss on sale of assets held for sale (Note 3) 606   $ 699
Assets held for sale:      
Property, plant and mine development, net 2,475   4,439
Other assets 330   869
Carrying value of assets held for sale 2,805   5,308
Liabilities held for sale:      
Reclamation and remediation liabilities 971   1,496
Other liabilities 338   681
Carrying value of liabilities held for sale 1,309   2,177
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Corporate and Other      
Assets held for sale:      
Property, plant and mine development, net 321   321
Other assets 1   1
Carrying value of assets held for sale 322   322
Liabilities held for sale:      
Reclamation and remediation liabilities 3   3
Other liabilities 2   2
Carrying value of liabilities held for sale 5   5
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Porcupine | Operating Segments      
Assets held for sale:      
Property, plant and mine development, net 1,586   1,541
Other assets 103   93
Carrying value of assets held for sale 1,689   1,634
Liabilities held for sale:      
Reclamation and remediation liabilities 536   563
Other liabilities 280   223
Carrying value of liabilities held for sale 816   786
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Akyem | Operating Segments      
Assets held for sale:      
Property, plant and mine development, net 568   559
Other assets 226   258
Carrying value of assets held for sale 794   817
Liabilities held for sale:      
Reclamation and remediation liabilities 432   427
Other liabilities 56   91
Carrying value of liabilities held for sale $ 488   518
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | CC&V | Operating Segments      
Assets held for sale:      
Property, plant and mine development, net     170
Other assets     408
Carrying value of assets held for sale     578
Liabilities held for sale:      
Reclamation and remediation liabilities     334
Other liabilities     37
Carrying value of liabilities held for sale     371
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Musselwhite | Operating Segments      
Assets held for sale:      
Property, plant and mine development, net     1,063
Other assets     39
Carrying value of assets held for sale     1,102
Liabilities held for sale:      
Reclamation and remediation liabilities     82
Other liabilities     257
Carrying value of liabilities held for sale     339
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program | Eleonore | Operating Segments      
Assets held for sale:      
Property, plant and mine development, net     785
Other assets     70
Carrying value of assets held for sale     855
Liabilities held for sale:      
Reclamation and remediation liabilities     87
Other liabilities     71
Carrying value of liabilities held for sale     $ 158
v3.25.1
SEGMENT INFORMATION - Narrative (Details)
 3 Months Ended
Mar. 31, 2025
plant
Segment Reporting Information [Line Items]  
Number of reportable segments 13
Red Chris  
Segment Reporting Information [Line Items]  
Ownership interest (as a percent) 70.00%
NGM  
Segment Reporting Information [Line Items]  
Ownership interest (as a percent) 38.50%
v3.25.1
SEGMENT INFORMATION - Financial Information of Company's Segments (Details) - USD ($)
$ in Millions
 3 Months Ended
Feb. 28, 2025
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]        
Sales   $ 5,010 $ 4,023  
Costs Applicable to Sales [1]   2,106 2,106  
Depreciation and Amortization   593 654  
Reclamation and remediation   93 98  
Advanced Projects, Research and Development and Exploration   92 106  
Other segment expenses (income)   (345) 631  
Income (Loss) before Income and Mining Tax and Other Items   2,471 428  
Total assets   55,519 55,335 $ 56,349
Capital Expenditures   782 773  
Additional disclosures        
Gain on completed sales   193 0  
Increase (decrease) in accrued capital expenditures   (44) (77)  
Consolidated capital expenditures on a cash basis   826 850  
Discontinued operations disposed of by sale | CC&V        
Additional disclosures        
Gain on completed sales   2    
Discontinued operations disposed of by sale | Musselwhite        
Additional disclosures        
Gain on completed sales   19    
Discontinued operations disposed of by sale | Eleonore        
Additional disclosures        
Gain on completed sales   172    
CC&V        
Additional disclosures        
Gain on completed sales $ (15)      
Operating Segments        
Segment Reporting Information [Line Items]        
Sales   4,690 4,023  
Costs Applicable to Sales   1,980 2,106  
Depreciation and Amortization   575 642  
Reclamation and remediation   78 82  
Advanced Projects, Research and Development and Exploration   40 62  
Other segment expenses (income)   (55) 141  
Income (Loss) before Income and Mining Tax and Other Items   2,072 990  
Total assets   43,684 46,228  
Capital Expenditures   749 769  
Operating Segments | Ahafo | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   574 381  
Costs Applicable to Sales   247 159  
Depreciation and Amortization   49 51  
Reclamation and remediation   2 2  
Advanced Projects, Research and Development and Exploration   10 5  
Other segment expenses (income)   (7) (14)  
Income (Loss) before Income and Mining Tax and Other Items   273 178  
Total assets   2,717 2,947  
Capital Expenditures   113 90  
Operating Segments | Brucejack | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   133 72  
Costs Applicable to Sales   83 74  
Depreciation and Amortization   46 35  
Reclamation and remediation   1 1  
Advanced Projects, Research and Development and Exploration   2 0  
Other segment expenses (income)   4 (1)  
Income (Loss) before Income and Mining Tax and Other Items   (3) (37)  
Total assets   2,653 4,167  
Capital Expenditures   16 16  
Operating Segments | Red Chris | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   114 62  
Costs Applicable to Sales   51 38  
Depreciation and Amortization   16 10  
Reclamation and remediation   2 0  
Advanced Projects, Research and Development and Exploration   2 2  
Other segment expenses (income)   (1) 1  
Income (Loss) before Income and Mining Tax and Other Items   44 11  
Total assets   2,614 2,319  
Capital Expenditures   27 35  
Operating Segments | Red Chris | Gold | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   45 16  
Costs Applicable to Sales   16 7  
Depreciation and Amortization   5 2  
Operating Segments | Red Chris | Copper | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   69 46  
Costs Applicable to Sales   35 31  
Depreciation and Amortization   11 8  
Operating Segments | Peñasquito | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   777 477  
Costs Applicable to Sales   299 293  
Depreciation and Amortization   130 109  
Reclamation and remediation   5 5  
Advanced Projects, Research and Development and Exploration   4 2  
Other segment expenses (income)   1 6  
Income (Loss) before Income and Mining Tax and Other Items   338 62  
Total assets   4,700 4,808  
Capital Expenditures   25 32  
Operating Segments | Peñasquito | Gold | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   366 92  
Costs Applicable to Sales   106 38  
Depreciation and Amortization   47 15  
Operating Segments | Peñasquito | Silver | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   188 201  
Costs Applicable to Sales   62 111  
Depreciation and Amortization   28 44  
Operating Segments | Peñasquito | Lead | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   42 60  
Costs Applicable to Sales   21 36  
Depreciation and Amortization   10 14  
Operating Segments | Peñasquito | Zinc | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   181 124  
Costs Applicable to Sales   110 108  
Depreciation and Amortization   45 36  
Operating Segments | Merian | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   141 155  
Costs Applicable to Sales   72 90  
Depreciation and Amortization   15 19  
Reclamation and remediation   1 1  
Advanced Projects, Research and Development and Exploration   7 4  
Other segment expenses (income)   0 2  
Income (Loss) before Income and Mining Tax and Other Items   46 39  
Total assets   956 927  
Capital Expenditures   15 18  
Operating Segments | Cerro Negro | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   108 153  
Costs Applicable to Sales   78 63  
Depreciation and Amortization   28 30  
Reclamation and remediation   1 1  
Advanced Projects, Research and Development and Exploration   5 5  
Other segment expenses (income)   4 3  
Income (Loss) before Income and Mining Tax and Other Items   (8) 51  
Total assets   1,832 1,717  
Capital Expenditures   48 46  
Operating Segments | Yanacocha | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   279 186  
Costs Applicable to Sales   93 88  
Depreciation and Amortization   26 28  
Reclamation and remediation   45 48  
Advanced Projects, Research and Development and Exploration   1 2  
Other segment expenses (income)   6 0  
Income (Loss) before Income and Mining Tax and Other Items   108 20  
Total assets   1,929 1,865  
Capital Expenditures   4 24  
Operating Segments | Boddington | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   488 376  
Costs Applicable to Sales   205 192  
Depreciation and Amortization   36 35  
Reclamation and remediation   4 3  
Advanced Projects, Research and Development and Exploration   3 1  
Other segment expenses (income)   2 (12)  
Income (Loss) before Income and Mining Tax and Other Items   238 157  
Total assets   2,402 2,388  
Capital Expenditures   42 28  
Operating Segments | Boddington | Gold | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   414 299  
Costs Applicable to Sales   167 144  
Depreciation and Amortization   29 26  
Operating Segments | Boddington | Copper | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   74 77  
Costs Applicable to Sales   38 48  
Depreciation and Amortization   7 9  
Operating Segments | Tanami | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   210 188  
Costs Applicable to Sales   82 82  
Depreciation and Amortization   25 25  
Reclamation and remediation   1 0  
Advanced Projects, Research and Development and Exploration   2 8  
Other segment expenses (income)   1 (9)  
Income (Loss) before Income and Mining Tax and Other Items   99 82  
Total assets   2,350 1,971  
Capital Expenditures   131 85  
Operating Segments | Cadia | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   527 415  
Costs Applicable to Sales   148 141  
Depreciation and Amortization   63 55  
Reclamation and remediation   1 1  
Advanced Projects, Research and Development and Exploration   0 5  
Other segment expenses (income)   19 (9)  
Income (Loss) before Income and Mining Tax and Other Items   296 222  
Total assets   6,315 6,238  
Capital Expenditures   129 111  
Operating Segments | Cadia | Gold | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   316 248  
Costs Applicable to Sales   77 74  
Depreciation and Amortization   33 28  
Operating Segments | Cadia | Copper | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   211 167  
Costs Applicable to Sales   71 67  
Depreciation and Amortization   30 27  
Operating Segments | Lihir | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   455 377  
Costs Applicable to Sales   161 171  
Depreciation and Amortization   40 35  
Reclamation and remediation   3 1  
Advanced Projects, Research and Development and Exploration   1 6  
Other segment expenses (income)   5 1  
Income (Loss) before Income and Mining Tax and Other Items   245 163  
Total assets   5,655 3,906  
Capital Expenditures   45 55  
Operating Segments | NGM | Continuing Operations        
Segment Reporting Information [Line Items]        
Sales   626 559  
Costs Applicable to Sales   308 314  
Depreciation and Amortization   97 107  
Reclamation and remediation   3 3  
Advanced Projects, Research and Development and Exploration   2 5  
Other segment expenses (income)   1 2  
Income (Loss) before Income and Mining Tax and Other Items   215 128  
Total assets   7,465 7,421  
Capital Expenditures   102 118  
Operating Segments | Porcupine | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales   145 125  
Costs Applicable to Sales   63 63  
Depreciation and Amortization   1 23  
Reclamation and remediation   5 5  
Advanced Projects, Research and Development and Exploration   1 2  
Other segment expenses (income)   (92) (2)  
Income (Loss) before Income and Mining Tax and Other Items   167 34  
Total assets   1,302 1,498  
Capital Expenditures   44 40  
Operating Segments | Akyem | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales   113 155  
Costs Applicable to Sales   90 76  
Depreciation and Amortization   3 30  
Reclamation and remediation   4 3  
Advanced Projects, Research and Development and Exploration   0 4  
Other segment expenses (income)   2 (1)  
Income (Loss) before Income and Mining Tax and Other Items   14 43  
Total assets   794 1,043  
Capital Expenditures   8 9  
Operating Segments | CC&V | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales   88 59  
Costs Applicable to Sales   39 40  
Depreciation and Amortization   2 3  
Reclamation and remediation   2 3  
Advanced Projects, Research and Development and Exploration   0 1  
Other segment expenses (income)   (3) 104  
Income (Loss) before Income and Mining Tax and Other Items   48 (92)  
Total assets   0 460  
Capital Expenditures   5 5  
Operating Segments | Musselwhite | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales   94 101  
Costs Applicable to Sales   33 57  
Depreciation and Amortization   0 18  
Reclamation and remediation   1 1  
Advanced Projects, Research and Development and Exploration   0 2  
Other segment expenses (income)   (18) 82  
Income (Loss) before Income and Mining Tax and Other Items   78 (59)  
Total assets   0 979  
Capital Expenditures   14 26  
Operating Segments | Eleonore | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales   138 116  
Costs Applicable to Sales   54 80  
Depreciation and Amortization   0 19  
Reclamation and remediation   1 1  
Advanced Projects, Research and Development and Exploration   2 4  
Other segment expenses (income)   (171) 0  
Income (Loss) before Income and Mining Tax and Other Items   252 12  
Total assets   0 868  
Capital Expenditures   12 21  
Operating Segments | Telfer | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales     66  
Costs Applicable to Sales     85  
Depreciation and Amortization     10  
Reclamation and remediation     3  
Advanced Projects, Research and Development and Exploration     4  
Other segment expenses (income)     (12)  
Income (Loss) before Income and Mining Tax and Other Items     (24)  
Total assets     706  
Capital Expenditures     10  
Operating Segments | Telfer | Gold | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales     59  
Costs Applicable to Sales     70  
Depreciation and Amortization     8  
Operating Segments | Telfer | Copper | Discontinued Operations        
Segment Reporting Information [Line Items]        
Sales     7  
Costs Applicable to Sales     15  
Depreciation and Amortization     2  
Corporate and Other        
Segment Reporting Information [Line Items]        
Sales   0 0  
Costs Applicable to Sales   0 0  
Depreciation and Amortization   16 12  
Reclamation and remediation   11 16  
Advanced Projects, Research and Development and Exploration   50 44  
Other segment expenses (income)   (98) 490  
Income (Loss) before Income and Mining Tax and Other Items   21 (562)  
Total assets   11,835 9,107  
Capital Expenditures   $ 2 $ 4  
[1] Excludes Depreciation and amortization and Reclamation and remediation.
v3.25.1
SALES - Schedule of sales by mining operation, product and inventory type (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
SALES    
Sales $ 5,010 $ 4,023
Gold Sales from Doré Production    
SALES    
Sales 3,130 2,681
Sales from Concentrate and Other Production    
SALES    
Sales 1,880 1,342
Operating Segments    
SALES    
Sales 4,690 4,023
Operating Segments | Ahafo | Continuing Operations    
SALES    
Sales 574 381
Operating Segments | Ahafo | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 574 381
Operating Segments | Ahafo | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Brucejack | Continuing Operations    
SALES    
Sales 133 72
Operating Segments | Brucejack | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 87 49
Operating Segments | Brucejack | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 46 23
Operating Segments | Red Chris | Continuing Operations    
SALES    
Sales 114 62
Operating Segments | Red Chris | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Red Chris | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 114 62
Operating Segments | Red Chris | Red Chris Gold Subsegment | Continuing Operations    
SALES    
Sales 45 16
Operating Segments | Red Chris | Red Chris Gold Subsegment | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Red Chris | Red Chris Gold Subsegment | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 45 16
Operating Segments | Red Chris | Red Chris Copper Subsegment | Continuing Operations    
SALES    
Sales 69 46
Operating Segments | Red Chris | Red Chris Copper Subsegment | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Red Chris | Red Chris Copper Subsegment | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 69 46
Operating Segments | Peñasquito | Continuing Operations    
SALES    
Sales 777 477
Operating Segments | Peñasquito | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Peñasquito | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 777 477
Operating Segments | Peñasquito | Penasquito Gold | Continuing Operations    
SALES    
Sales 366 92
Operating Segments | Peñasquito | Penasquito Gold | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Peñasquito | Penasquito Gold | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 366 92
Operating Segments | Peñasquito | Pensaquito Silver | Continuing Operations    
SALES    
Sales 188 201
Operating Segments | Peñasquito | Pensaquito Silver | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Peñasquito | Pensaquito Silver | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 188 201
Operating Segments | Peñasquito | Pensaquito Silver | Silver streaming agreement    
SALES    
Sales 19 27
Operating Segments | Peñasquito | Penasquito Lead | Continuing Operations    
SALES    
Sales 42 60
Operating Segments | Peñasquito | Penasquito Lead | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Peñasquito | Penasquito Lead | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 42 60
Operating Segments | Peñasquito | Penasquito Zinc | Continuing Operations    
SALES    
Sales 181 124
Operating Segments | Peñasquito | Penasquito Zinc | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Peñasquito | Penasquito Zinc | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 181 124
Operating Segments | Merian | Continuing Operations    
SALES    
Sales 141 155
Operating Segments | Merian | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 137 148
Operating Segments | Merian | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 4 7
Operating Segments | Cerro Negro | Continuing Operations    
SALES    
Sales 108 153
Operating Segments | Cerro Negro | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 108 153
Operating Segments | Cerro Negro | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Yanacocha | Continuing Operations    
SALES    
Sales 279 186
Operating Segments | Yanacocha | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 270 186
Operating Segments | Yanacocha | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 9 0
Operating Segments | Boddington | Continuing Operations    
SALES    
Sales 488 376
Operating Segments | Boddington | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 94 74
Operating Segments | Boddington | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 394 302
Operating Segments | Boddington | Boddington Gold | Continuing Operations    
SALES    
Sales 414 299
Operating Segments | Boddington | Boddington Gold | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 94 74
Operating Segments | Boddington | Boddington Gold | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 320 225
Operating Segments | Boddington | Boddington Copper | Continuing Operations    
SALES    
Sales 74 77
Operating Segments | Boddington | Boddington Copper | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Boddington | Boddington Copper | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 74 77
Operating Segments | Tanami | Continuing Operations    
SALES    
Sales 210 188
Operating Segments | Tanami | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 210 188
Operating Segments | Tanami | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Cadia | Continuing Operations    
SALES    
Sales 527 415
Operating Segments | Cadia | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 30 33
Operating Segments | Cadia | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 497 382
Operating Segments | Cadia | Cadia Gold Subsegment | Continuing Operations    
SALES    
Sales 316 248
Operating Segments | Cadia | Cadia Gold Subsegment | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 30 33
Operating Segments | Cadia | Cadia Gold Subsegment | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 286 215
Operating Segments | Cadia | Cadia Copper Subsegment | Continuing Operations    
SALES    
Sales 211 167
Operating Segments | Cadia | Cadia Copper Subsegment | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | Cadia | Cadia Copper Subsegment | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 211 167
Operating Segments | Lihir | Continuing Operations    
SALES    
Sales 455 377
Operating Segments | Lihir | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 455 377
Operating Segments | Lihir | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 0 0
Operating Segments | NGM | Continuing Operations    
SALES    
Sales 626 559
Operating Segments | NGM | Gold Sales from Doré Production | Continuing Operations    
SALES    
Sales 587 529
Operating Segments | NGM | Sales from Concentrate and Other Production | Continuing Operations    
SALES    
Sales 39 30
Operating Segments | Porcupine | Discontinued Operations    
SALES    
Sales 145 125
Operating Segments | Porcupine | Gold Sales from Doré Production | Discontinued Operations    
SALES    
Sales 145 125
Operating Segments | Porcupine | Sales from Concentrate and Other Production | Discontinued Operations    
SALES    
Sales 0 0
Operating Segments | Akyem | Discontinued Operations    
SALES    
Sales 113 155
Operating Segments | Akyem | Gold Sales from Doré Production | Discontinued Operations    
SALES    
Sales 113 155
Operating Segments | Akyem | Sales from Concentrate and Other Production | Discontinued Operations    
SALES    
Sales 0 0
Operating Segments | CC&V | Discontinued Operations    
SALES    
Sales 88 59
Operating Segments | CC&V | Gold Sales from Doré Production | Discontinued Operations    
SALES    
Sales 88 59
Operating Segments | CC&V | Sales from Concentrate and Other Production | Discontinued Operations    
SALES    
Sales 0 0
Operating Segments | Musselwhite | Discontinued Operations    
SALES    
Sales 94 101
Operating Segments | Musselwhite | Gold Sales from Doré Production | Discontinued Operations    
SALES    
Sales 94 101
Operating Segments | Musselwhite | Sales from Concentrate and Other Production | Discontinued Operations    
SALES    
Sales 0 0
Operating Segments | Eleonore | Discontinued Operations    
SALES    
Sales 138 116
Operating Segments | Eleonore | Gold Sales from Doré Production | Discontinued Operations    
SALES    
Sales 138 116
Operating Segments | Eleonore | Sales from Concentrate and Other Production | Discontinued Operations    
SALES    
Sales 0 0
Operating Segments | Telfer | Discontinued Operations    
SALES    
Sales   66
Operating Segments | Telfer | Gold Sales from Doré Production | Discontinued Operations    
SALES    
Sales   7
Operating Segments | Telfer | Sales from Concentrate and Other Production | Discontinued Operations    
SALES    
Sales   59
Operating Segments | Telfer | Telfer Gold Subsegment | Discontinued Operations    
SALES    
Sales   59
Operating Segments | Telfer | Telfer Gold Subsegment | Gold Sales from Doré Production | Discontinued Operations    
SALES    
Sales   7
Operating Segments | Telfer | Telfer Gold Subsegment | Sales from Concentrate and Other Production | Discontinued Operations    
SALES    
Sales   52
Operating Segments | Telfer | Telfer Copper Subsegment | Discontinued Operations    
SALES    
Sales   7
Operating Segments | Telfer | Telfer Copper Subsegment | Gold Sales from Doré Production | Discontinued Operations    
SALES    
Sales   0
Operating Segments | Telfer | Telfer Copper Subsegment | Sales from Concentrate and Other Production | Discontinued Operations    
SALES    
Sales   7
Eliminations | NGM    
SALES    
Sales $ 589 $ 530
v3.25.1
SALES - Provisional Sales (Details)
oz in Thousands, lb in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
USD ($)
lb
oz
$ / lb
$ / oz
Mar. 31, 2024
USD ($)
Revenue from Contract with Customer [Abstract]    
Increase (decrease) to sales from provisional pricing mark-to-market | $ $ 139 $ 40
Gold    
SALES    
Provisionally priced sales subject to final pricing (in ounces or pounds) | oz 292  
Average provisional price (in dollars per ounce or pound) | $ / oz 3,127  
Copper    
SALES    
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 101  
Average provisional price (in dollars per ounce or pound) | $ / lb 4.40  
Silver    
SALES    
Provisionally priced sales subject to final pricing (in ounces or pounds) | oz 4,000  
Average provisional price (in dollars per ounce or pound) | $ / oz 34.57  
Lead    
SALES    
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 41  
Average provisional price (in dollars per ounce or pound) | $ / lb 0.91  
Zinc    
SALES    
Provisionally priced sales subject to final pricing (in ounces or pounds) | lb 133  
Average provisional price (in dollars per ounce or pound) | $ / lb 1.29  
v3.25.1
RECLAMATION AND REMEDIATION - Expense (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Reclamation and remediation expense    
Reclamation accretion $ 87 $ 85
Remediation accretion 2 2
Reclamation and remediation 93 98
Reclamation and remediation    
Reclamation and remediation expense    
Reclamation adjustments and other 1 3
Reclamation accretion 87 85
Reclamation expense 88 88
Remediation adjustments and other 3 8
Remediation accretion 2 2
Remediation expense 5 10
Reclamation and remediation $ 93 $ 98
v3.25.1
RECLAMATION AND REMEDIATION - Reconciliation of Obligation (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Change in reclamation liability    
Balance at beginning of period $ 7,015 $ 8,385
Additions, changes in estimates, and other 0 0
Divestitures (4) 0
Payments, net (87) (53)
Accretion expense  87 85
Reclassification to liabilities held for sale (8) (1,571)
Balance at end of period 7,003 6,846
Change in remediation liability    
Balance at beginning of period 370 401
Additions, changes in estimates, and other 0 5
Divestitures 0 0
Payments, net (8) (6)
Accretion expense  2 2
Reclassification to liabilities held for sale 0 (20)
Balance at end of period $ 364 $ 382
v3.25.1
RECLAMATION AND REMEDIATION - Liability Classifications (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Reclamation and remediation expense        
Reclamation liabilities, current $ 926 $ 928    
Reclamation liabilities, non-current 6,077 6,087    
Reclamation obligations, operating properties 7,003 7,015 $ 6,846 $ 8,385
Remediation liabilities, current 65 63    
Remediation liabilities, non-current 299 307    
Total remediation liabilities 364 370 $ 382 $ 401
Total reclamation and remediation liabilities, current 991 991    
Total reclamation and remediation liabilities, non-current 6,376 6,394    
Total reclamation and remediation liabilities 7,367 7,385    
Minera Yanacocha        
Reclamation and remediation expense        
Reclamation obligations, operating properties $ 4,518 $ 4,546    
v3.25.1
RECLAMATION AND REMEDIATION - Additional Information (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Reclamation and remediation expense        
Remediation liability $ 364 $ 370 $ 382 $ 401
Yanacocha        
Reclamation and remediation expense        
Remediation liability 14 15    
Other Noncurrent Assets        
Reclamation and remediation expense        
Asset retirement obligation restricted assets 30 29    
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program        
Reclamation and remediation expense        
Disposal group, including discontinued operation, restricted cash and restricted cash equivalents $ 93 $ 93 $ 53  
v3.25.1
OTHER EXPENSE, NET (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Costs and Expenses [Abstract]    
Impairment charges $ 15 $ 12
Restructuring and severance 9 6
Newcrest transaction and integration costs 4 29
Settlement costs 3 21
Other 12 5
Other expense, net $ 43 $ 73
v3.25.1
OTHER INCOME (LOSS), NET (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Other Income, Net [Line Items]    
Interest income $ 41 $ 39
Foreign currency exchange, net (20) 28
Gain (loss) on debt extinguishment, net (10) 0
Other 4 14
Other income (loss), net 10 90
Senior Notes    
Other Income, Net [Line Items]    
Gain (loss) on debt extinguishment, net (10)  
Senior Notes    
Other Income, Net [Line Items]    
Gain (loss) on debt extinguishment, net 3  
Disposed of by sale, not discontinued operations    
Other Income, Net [Line Items]    
Gain on asset and investment sales $ (5) $ 9
v3.25.1
INCOME AND MINING TAXES - Reconciliation Of U.S. Federal Statutory Tax Rate To Company’s Effective Income Tax Rate (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Tax Disclosure [Abstract]    
Income (loss) before income and mining tax and other items $ 2,471 $ 428
Reconciling item, percentage    
U.S. Federal statutory tax rate 21.00% 21.00%
Change in valuation allowance on deferred tax assets (8.00%) (15.00%)
Foreign rate differential 7.00% 15.00%
Mining and other taxes (net of associated federal benefit) 3.00% 10.00%
Tax impact of foreign exchange 0.00% 7.00%
Akyem recognition of DTL for assets held for sale 0 0.27
Tax impact of divestitures 0.03 0
Other 0.00% (4.00%)
Income and mining tax expense (benefit) 26.00% 61.00%
Reconciling item, amount    
U.S. Federal statutory tax rate $ 519 $ 90
Change in valuation allowance on deferred tax assets (197) (65)
Foreign rate differential 180 63
Mining and other taxes (net of associated federal benefit) 63 43
Tax impact of foreign exchange (8) 30
Akyem recognition of DTL for assets held for sale 2 117
Tax impact of divestitures 83 0
Other 5 (18)
Income and mining tax expense (benefit) $ 647 $ 260
v3.25.1
FAIR VALUE ACCOUNTING - Recurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets:    
Assets held for sale $ 107 $ 672
Marketable and other equity securities (Note 12) 413 212
Carrying value    
Liabilities:    
Debt 7,507 8,476
Level 3    
Assets:    
Other assets   61
Liabilities:    
Guarantee liabilities 65  
Recurring    
Assets:    
Cash and cash equivalents 4,698 3,619
Restricted cash 32 31
Assets held for sale 1,418 1,840
Equity method investments 413 212
Derivative assets 364 142
Other assets   61
Total assets 8,294 7,218
Liabilities:    
Debt 7,553 8,400
Derivative liabilities 98 143
Guarantee liabilities 65  
Other liabilities 131 51
Total liabilities 7,847 8,594
Equity method investments 413 212
Recurring | Discontinued Operations, Held-for-Sale | Portfolio Optimization Program    
Assets:    
Assets held for sale 597 679
Recurring | Level 1    
Assets:    
Cash and cash equivalents 4,698 3,619
Restricted cash 32 31
Assets held for sale 0 0
Equity method investments 413 212
Derivative assets 0 0
Other assets   0
Total assets 5,626 4,182
Liabilities:    
Debt 0 0
Derivative liabilities 0 0
Guarantee liabilities 0  
Other liabilities 0 0
Total liabilities 0 0
Equity method investments 413 212
Recurring | Level 2    
Assets:    
Cash and cash equivalents 0 0
Restricted cash 0 0
Assets held for sale 1,311 1,168
Equity method investments 0 0
Derivative assets 1 0
Other assets   0
Total assets 2,198 2,161
Liabilities:    
Debt 7,553 8,400
Derivative liabilities 93 137
Guarantee liabilities 0  
Other liabilities 131 51
Total liabilities 7,777 8,588
Equity method investments 0 0
Recurring | Level 3    
Assets:    
Cash and cash equivalents 0 0
Restricted cash 0 0
Assets held for sale 107 672
Equity method investments 0 0
Derivative assets 363 142
Other assets   61
Total assets 470 875
Liabilities:    
Debt 0 0
Derivative liabilities 5 6
Guarantee liabilities 65  
Other liabilities 0 0
Total liabilities 70 6
Equity method investments 0 0
Recurring | Trade receivables from provisional concentrate sales    
Assets:    
Trade receivables from provisional concentrate sales 886 993
Recurring | Trade receivables from provisional concentrate sales | Level 1    
Assets:    
Trade receivables from provisional concentrate sales 0 0
Recurring | Trade receivables from provisional concentrate sales | Level 2    
Assets:    
Trade receivables from provisional concentrate sales 886 993
Recurring | Trade receivables from provisional concentrate sales | Level 3    
Assets:    
Trade receivables from provisional concentrate sales 0 0
Recurring | Marketable and other equity securities    
Assets:    
Marketable and other equity securities (Note 12) 469 305
Recurring | Marketable and other equity securities | Level 1    
Assets:    
Marketable and other equity securities (Note 12) 469 305
Recurring | Marketable and other equity securities | Level 2    
Assets:    
Marketable and other equity securities (Note 12) 0 0
Recurring | Marketable and other equity securities | Level 3    
Assets:    
Marketable and other equity securities (Note 12) 0 0
Recurring | Restricted marketable debt securities    
Assets:    
Restricted marketable debt securities 14 15
Recurring | Restricted marketable debt securities | Level 1    
Assets:    
Restricted marketable debt securities 14 15
Recurring | Restricted marketable debt securities | Level 2    
Assets:    
Restricted marketable debt securities 0 0
Recurring | Restricted marketable debt securities | Level 3    
Assets:    
Restricted marketable debt securities $ 0 $ 0
v3.25.1
FAIR VALUE ACCOUNTING - Quantitative Information (Details)
$ in Millions
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Quantitative and Qualitative Information - Unobservable Inputs    
Assets held for sale $ 107 $ 672
Derivative assets, current 20 0
Derivative assets, noncurrent 344 142
Current derivative liabilities 91 138
Designated Hedge | Cadia Power Purchase Agreement | Cash Flow Hedges    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative assets, current 7 0
Derivative assets, noncurrent 131 95
Current derivative liabilities 0 1
Level 3    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration assets 225 47
Other assets   61
Derivative liabilities 5 $ 5
Guarantee liabilities $ 65  
Level 3 | Minimum | Discount Rate | Discounted cash flow    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration assets, measurement input 6.36% 6.37%
Derivative liabilities, measurement input 0.0522 0.0522
Guarantee liabilities, measurement input 0.0438  
Level 3 | Maximum | Discount Rate | Discounted cash flow    
Quantitative and Qualitative Information - Unobservable Inputs    
Contingent consideration assets, measurement input 16.38% 16.38%
Derivative liabilities, measurement input 0.0595 0.0595
Guarantee liabilities, measurement input 0.0575  
Level 3 | Weighted Average | Discount Rate | Discounted cash flow    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input   0.0675
Contingent consideration assets, measurement input 6.70% 10.67%
Other assets, measurement input   0.0660
Derivative liabilities, measurement input 0.0566 0.0566
Guarantee liabilities, measurement input 0.0455  
Level 3 | Designated Hedge    
Quantitative and Qualitative Information - Unobservable Inputs    
Continental conversion option $ 138 $ 94
Level 3 | Designated Hedge | Minimum | Measurement Input, Commodity Forward Price | Discounted cash flow    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input 29  
Level 3 | Designated Hedge | Maximum | Measurement Input, Commodity Forward Price | Discounted cash flow    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input 489  
Level 3 | Designated Hedge | Weighted Average | Measurement Input, Commodity Forward Price | Discounted cash flow    
Quantitative and Qualitative Information - Unobservable Inputs    
Derivative asset, measurement input 0.0675  
v3.25.1
FAIR VALUE ACCOUNTING - Changes in the Fair Value of Level 3 Financial Assets and Liabilities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Summary of changes in Level 3 financial assets    
Fair value, beginning of period $ 142 $ 635
Acquired through divestments 168  
Fair value changes in Other comprehensive income (loss) 43 (32)
Fair value changes in Other income (loss), net 10 (6)
Transfers out of level 3   (76)
Fair value changes in Net income (loss) from discontinued operations   4
Fair value, end of period 363 525
Summary of changes in Level 3 financial liabilities    
Fair value, beginning of period   5
Acquired through divestments 0  
Fair value changes in Other comprehensive income (loss) (1) 0
Fair value changes in Other income (loss), net 0 0
Transfers out of level 3   0
Fair value changes in Net income (loss) from discontinued operations   0
Fair value, end of period   5
Derivative Liabilities    
Summary of changes in Level 3 financial liabilities    
Fair value, beginning of period 6 5
Transfers out of level 3   0
Fair value, end of period 5 5
Indemnification Liability    
Summary of changes in Level 3 financial liabilities    
Fair value, beginning of period 6  
Fair value, end of period 5  
Derivative Assets    
Summary of changes in Level 3 financial assets    
Fair value, beginning of period 142 635
Transfers out of level 3   (76)
Fair value, end of period $ 363 $ 525
v3.25.1
DERIVATIVE INSTRUMENTS - Fair Values of Instruments Designated as Hedges (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Derivative contracts    
Derivative assets, current $ 20 $ 0
Derivative assets, noncurrent 344 142
Current derivative liabilities 91 138
Non-current derivative liabilities 7 5
Not Designated as Hedging Instrument | Contingent Consideration Derivative    
Derivative contracts    
Derivative assets, current 13 0
Derivative assets, noncurrent 212 47
Current derivative liabilities 2 2
Non-current derivative liabilities 5 5
Designated Hedge | Non-Contingent Consideration Derivative    
Derivative contracts    
Derivative assets, noncurrent 132 95
Current derivative liabilities 89 136
Non-current derivative liabilities 2 0
Designated Hedge | Cash Flow Hedges | Non-Contingent Consideration Derivative    
Derivative contracts    
Derivative assets, current $ 7 $ 0
v3.25.1
DERIVATIVE INSTRUMENTS - Schedule of Foreign Currency Cash Flow Hedges (Details)
$ in Millions, $ in Millions, $ in Millions
Apr. 23, 2025
AUD ($)
Apr. 23, 2025
CAD ($)
Mar. 31, 2025
AUD ($)
Mar. 31, 2025
CAD ($)
Mar. 31, 2025
USD ($)
Derivative contracts          
Cash flow hedge gain (loss) in AOCI         $ 7
AUD-denominated capital expenditures | Cash Flow Hedges | Designated Hedge          
Derivative contracts          
Derivative, notional amount     $ 1,365    
AUD-denominated capital expenditures | Cash Flow Hedges | Designated Hedge | Subsequent Event          
Derivative contracts          
Derivative, notional amount $ 21        
AUD-denominated operating expenditures | Cash Flow Hedges | Designated Hedge          
Derivative contracts          
Derivative, notional amount     2,763    
AUD-denominated operating expenditures | Cash Flow Hedges | Designated Hedge | Subsequent Event          
Derivative contracts          
Derivative, notional amount $ 177        
CAD-denominated operating expenditures | Cash Flow Hedges | Designated Hedge          
Derivative contracts          
Derivative, notional amount       $ 754  
CAD-denominated operating expenditures | Cash Flow Hedges | Designated Hedge | Subsequent Event          
Derivative contracts          
Derivative, notional amount   $ 32      
AUD-denominated capital expenditures | Cash Flow Hedges | Designated Hedge          
Derivative contracts          
Derivative, notional amount     $ 574    
v3.25.1
DERIVATIVE INSTRUMENTS - Additional Information (Details) - Cadia Power Purchase Agreement - Not Designated as Hedging Instrument
Jan. 01, 2024
Derivative contracts  
Derivative, term 15 years
Derivative, forecasted purchases, percent 0.40
v3.25.1
DERIVATIVE INSTRUMENTS - Derivative Assets and Liabilities at Fair Value (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative assets, current $ 20 $ 0
Derivative assets, noncurrent 344 142
Derivative liabilities, current 91 138
Derivative liabilities, non-current 7 5
Designated Hedge | Cash Flow Hedges    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative assets 139 95
Derivative liabilities 91 136
Cadia Power Purchase Agreement | Designated Hedge | Cash Flow Hedges    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative assets, current 7 0
Derivative assets, noncurrent 131 95
Derivative liabilities, current 0 1
Foreign Exchange Contract | Designated Hedge | Cash Flow Hedges    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative assets, noncurrent 1 0
Derivative liabilities, current 89 135
Derivative liabilities, non-current $ 2 $ 0
v3.25.1
DERIVATIVE INSTRUMENTS - Gain (Loss) on Derivatives (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Derivative contracts    
Gain (loss) on derivatives $ 26 $ 1
Foreign Exchange Contract    
Derivative contracts    
Gain (loss) on derivatives 22 0
Gain (loss) to be reclassified within 12 months 60  
Cadia Power Purchase Agreement    
Derivative contracts    
Gain (loss) on derivatives 3 0
Gain (loss) to be reclassified within 12 months 10  
Interest Rate Contract    
Derivative contracts    
Gain (loss) on derivatives $ 1 $ 1
v3.25.1
DERIVATIVE INSTRUMENTS - Contingent Consideration (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Derivative contracts    
Contingent consideration assets $ 225 $ 47
Contingent consideration liabilities 7 7
Other Current Liabilities    
Derivative contracts    
Contingent consideration liabilities 2 2
Other Non-Current Liabilities    
Derivative contracts    
Contingent consideration liabilities 5 5
Cerro Blanco    
Derivative contracts    
Contingent consideration assets 154 0
Red Lake    
Derivative contracts    
Contingent consideration assets 39 36
Triple Flag    
Derivative contracts    
Contingent consideration assets 21 0
Other Counterparty    
Derivative contracts    
Contingent consideration assets $ 11 $ 11
v3.25.1
INVESTMENTS - Schedule of Investments (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Investments    
Total equity method investments $ 4,856 $ 4,471
Pueblo Viejo Mine    
Investments    
Ownership interest (as a percent) 40.00%  
Nueva Union Project    
Investments    
Ownership interest (as a percent) 50.00%  
Lundin Gold, Inc.    
Investments    
Ownership interest (as a percent) 32.00%  
Norte Abierto Project    
Investments    
Ownership interest (as a percent) 50.00%  
Greatland Gold    
Investments    
Ownership interest (as a percent)   20.00%
Restricted marketable debt securities    
Investments    
Non-current restricted investments $ 14 $ 15
Investments - current    
Investments    
Marketable and other equity securities, current 18 21
Investments - noncurrent    
Investments    
Marketable equity securities, noncurrent 476 309
Equity method investments 4,380 4,162
Total equity method investments 4,856 4,471
Equity securities without readily determinable fair value, amount 25 25
Investments - noncurrent | Pueblo Viejo Mine    
Investments    
Equity method investments 1,516 1,516
Investments - noncurrent | Nueva Union Project    
Investments    
Equity method investments 970 961
Investments - noncurrent | Lundin Gold, Inc.    
Investments    
Equity method investments 941 941
Investments - noncurrent | Norte Abierto Project    
Investments    
Equity method investments $ 540 $ 532
v3.25.1
INVESTMENTS - Narrative (Details) - USD ($)
shares in Billions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Investments      
Equity income (loss) of affiliates $ 78,000,000 $ 7,000,000  
Equity method investment, percentage of gold and silver purchased from investment   50.00%  
Related Party | Pueblo Viejo Mine      
Investments      
Due to related parties 0   $ 0
Due from related parties 0   0
Related Party | Lundin Gold, Inc.      
Investments      
Due to related parties     0
Pueblo Viejo Mine      
Investments      
Equity income (loss) of affiliates 44,000,000 $ 18,000,000  
Share of loans included in investment 500,000,000   486,000,000
Interest receivable $ 29,000,000   $ 19,000,000
Ownership interest (as a percent) 40.00%    
Purchases $ 155,000,000 122,000,000  
Lundin Gold, Inc.      
Investments      
Equity income (loss) of affiliates $ 27,000,000    
Ownership interest (as a percent) 32.00%    
Purchases $ 0 $ 80,000,000  
Equity method investments $ 2,380,000,000    
Greatland Gold      
Investments      
Ownership interest (as a percent)     20.00%
Equity method investment, shares acquired (in shares)     2.7
Option to purchase equity, shares 1.3    
Option to purchase equity, term 4 years    
Greatland Gold | Other Non-Current Liabilities      
Investments      
Option to purchase equity, fair value disclosure $ 131,000,000   $ 51,000,000
Greatland Gold, Equity Method Investment      
Investments      
Equity income (loss) of affiliates 201,000,000    
Greatland Gold, Equity Option      
Investments      
Equity income (loss) of affiliates $ (80,000,000)    
v3.25.1
INVENTORIES (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Inventory, net    
Materials and supplies $ 1,072 $ 1,081
In-process 166 118
Concentrate 140 148
Precious metals 115 76
Inventories 1,493 1,423
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program    
Inventory, net    
Disposal group, including discontinued operation, inventory, other than stockpiles and ore on leach pads $ 75 $ 185
v3.25.1
STOCKPILES AND ORE ON LEACH PADS - Schedule (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Stockpiles And Ore On Leach Pads    
Current stockpiles and ore on leach pads $ 792 $ 761
Non-current stockpiles and ore on leach pads 2,409 2,266
Stockpiles and ore on leach pads 3,201 3,027
Discontinued Operations, Held-for-Sale | Portfolio Optimization Program    
Stockpiles And Ore On Leach Pads    
Disposal group, including discontinued operation, stockpiles and ore on leach pads 57 374
Stockpiles    
Stockpiles And Ore On Leach Pads    
Current stockpiles and ore on leach pads 628 624
Non-current stockpiles and ore on leach pads 2,222 2,072
Stockpiles and ore on leach pads 2,850 2,696
Ore on Leach Pads    
Stockpiles And Ore On Leach Pads    
Current stockpiles and ore on leach pads 164 137
Non-current stockpiles and ore on leach pads 187 194
Stockpiles and ore on leach pads $ 351 $ 331
v3.25.1
DEBT - Minimum Debt Repayments (Details)
$ in Millions
Mar. 31, 2025
USD ($)
Scheduled minimum debt repayments  
2025 (for the remainder of 2025) $ 0
2026 0
2027 0
2028 0
2029 635
Thereafter 7,175
Total face value of debt outstanding 7,810
Unamortized premiums, discounts, and issuance costs (303)
Net carrying amount $ 7,507
v3.25.1
DEBT - Additional Information (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended
Apr. 23, 2025
Feb. 28, 2025
Mar. 31, 2025
Mar. 31, 2024
Debt Instrument [Line Items]        
Gain (loss) on debt extinguishment, net     $ (10) $ 0
Subsequent Event        
Debt Instrument [Line Items]        
Total repurchase amount $ 22      
Senior Notes        
Debt Instrument [Line Items]        
Gain (loss) on debt extinguishment, net     3  
Write-off of unamortized premiums, discounts, and issuance costs     3  
Total repurchase amount     $ 47  
Senior Notes Net Of Discount 2026        
Debt Instrument [Line Items]        
Gain (loss) on debt extinguishment, net   $ (13)    
Amount of debt repurchased   957    
Face amount of debt repurchased   928    
Accrued and unpaid interest   19    
Make-whole provision   $ 10    
v3.25.1
DEBT - Schedule of Debt Extinguishment (Details) - Senior Notes
$ in Millions
 3 Months Ended
Mar. 31, 2025
USD ($)
Debt Instrument [Line Items]  
Settled notional amount $ 53
Total repurchase amount 47
October 2029 Senior Notes  
Debt Instrument [Line Items]  
Debt instrument principal amount $ 700
Debt instrument, interest rate, stated percentage 2.80%
Settled notional amount $ 3
Total repurchase amount 3
May 2030 Senior Notes  
Debt Instrument [Line Items]  
Debt instrument principal amount $ 650
Debt instrument, interest rate, stated percentage 3.25%
Settled notional amount $ 18
Total repurchase amount 17
October 2030 Senior Notes  
Debt Instrument [Line Items]  
Debt instrument principal amount $ 1,000
Debt instrument, interest rate, stated percentage 2.25%
Settled notional amount $ 1
Total repurchase amount 1
July 2032 Senior Notes  
Debt Instrument [Line Items]  
Debt instrument principal amount $ 1,000
Debt instrument, interest rate, stated percentage 2.60%
Settled notional amount $ 31
Total repurchase amount $ 26
v3.25.1
OTHER LIABILITIES (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Other current liabilities:      
Reclamation and remediation liabilities $ 991   $ 991
Accrued operating costs 376   404
Accrued royalties 178   165
Accrued capital expenditures 175   208
Accrued interest 108   97
Hedging instruments 89   136
Other 363   365
Other current liabilities 2,357   2,481
Other non-current liabilities:      
Greatland option 131   51
Income and mining taxes 125   125
Indemnification liabilities 65   0
Other 109   112
Other long-term liabilities, total 430   288
Payments for other investing activities 116 $ (39)  
Worsley JV      
Other non-current liabilities:      
Payments for other investing activities 116    
NGM      
Other current liabilities:      
Payables to NGM $ 77   $ 115
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%
v3.25.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)​ - Components of AOCI (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Balance at beginning of period $ 30,109 $ 29,205
Gain (loss) in other comprehensive income (loss) before reclassifications 38  
(Gain) loss reclassified from accumulated other comprehensive income (loss) 18  
Other comprehensive income (loss) 56 (30)
Balance at end of period 31,431 $ 29,075
Total    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Balance at beginning of period (95)  
Balance at end of period (39)  
Unrealized Gain (Loss) on Hedge Instruments    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Balance at beginning of period (193)  
Gain (loss) in other comprehensive income (loss) before reclassifications 42  
(Gain) loss reclassified from accumulated other comprehensive income (loss) 18  
Other comprehensive income (loss) 60  
Balance at end of period (133)  
Other Adjustments    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Balance at beginning of period 98  
Gain (loss) in other comprehensive income (loss) before reclassifications (4)  
(Gain) loss reclassified from accumulated other comprehensive income (loss) 0  
Other comprehensive income (loss) (4)  
Balance at end of period $ 94  
v3.25.1
COMMITMENTS AND CONTINGENCIES - Environmental Matters (Details)
$ in Millions
 3 Months Ended
Oct. 13, 2023
claim
Mar. 31, 2025
USD ($)
plant
Feb. 28, 2025
USD ($)
Dec. 31, 2024
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Loss contingencies              
Number of operational water treatment plants | plant   5          
Number of water treatment plants to be constructed | plant   2          
Remediation liability   $ 364   $ 370 $ 382 $ 401  
Discontinued operations disposed of by sale | CC&V              
Loss contingencies              
Indemnification cost threshold     $ 500        
Indemnification coverage, percent     0.90        
Midnite mine and Dawn mill sites              
Loss contingencies              
Remediation liability   $ 163          
Remediation liability assumed (in percent)   100.00%          
Cadia              
Loss contingencies              
Number of new claims filed | claim 2            
CC&V              
Loss contingencies              
Remediation liability             $ 20
Minera Yanacocha              
Loss contingencies              
Noncontrolling interest, ownership percentage by parent   100.00%          
CC&V              
Loss contingencies              
Noncontrolling interest, ownership percentage by parent     100.00%        
Dawn Mining Company              
Loss contingencies              
Noncontrolling interest, ownership percentage by parent   58.19%          
Goldcorp              
Loss contingencies              
Noncontrolling interest, ownership percentage by parent   100.00%          
Cadia              
Loss contingencies              
Noncontrolling interest, ownership percentage by parent   100.00%          
v3.25.1
COMMITMENTS AND CONTINGENCIES - Other Legal Matters (Details)
$ in Millions
 1 Months Ended 3 Months Ended
Aug. 16, 2021
USD ($)
Dec. 24, 2018
co-defendant
plaintiff
Aug. 31, 2020
USD ($)
Dec. 31, 2017
USD ($)
Mar. 31, 2025
Australian Taxation Office          
Loss contingencies          
Amount of tax, interest and penalties asserted as disputed amount       $ 85  
Amount paid to preserve right to contest conclusions of ATO       $ 24  
Kirkland Royalty Matter | Pending Litigation          
Loss contingencies          
Damages sought $ 350        
Ghana Parliament Cases          
Loss contingencies          
Number of plaintiffs | plaintiff   2      
Number of co-defendants | co-defendant   33      
Mining and mineral rights | Holt option          
Loss contingencies          
Purchase of option for mining and mineral rights     $ 75    
Newmont Corporation, Newmont Canada Corporation, And Newmont Canada FN Holdings ULC          
Loss contingencies          
Noncontrolling interest, ownership percentage by parent         100.00%
Newmont Ghana Gold Limited and Newmont Golden Ridge Limited          
Loss contingencies          
Noncontrolling interest, ownership percentage by parent         100.00%
Newmont Capital Limited And Newmont Canada FN Holdings ULC          
Loss contingencies          
Noncontrolling interest, ownership percentage by parent         100.00%
Newmont Corporation and Goldcorp Canada Ltd          
Loss contingencies          
Noncontrolling interest, ownership percentage by parent         100.00%
v3.25.1
COMMITMENTS AND CONTINGENCIES - Other Commitments and Contingences (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Other Commitments [Line Items]    
Letters of credit surety bonds and bank guarantees, outstanding $ 2,341 $ 2,086
Contingent consideration liabilities 7 $ 7
Galore Creek    
Other Commitments [Line Items]    
Contingent consideration liabilities $ 75