10-Q 1 nem-20230930.htm 10-Q nem-20230930
0001164727false2023Q3--12-3100011647272023-01-012023-09-3000011647272023-10-19xbrli:shares00011647272023-07-012023-09-30iso4217:USD00011647272022-07-012022-09-3000011647272022-01-012022-09-30iso4217:USDxbrli:shares00011647272023-09-3000011647272022-12-3100011647272021-12-3100011647272022-09-300001164727us-gaap:CommonStockMember2022-12-310001164727us-gaap:TreasuryStockCommonMember2022-12-310001164727us-gaap:AdditionalPaidInCapitalMember2022-12-310001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310001164727us-gaap:RetainedEarningsMember2022-12-310001164727us-gaap:NoncontrollingInterestMember2022-12-310001164727us-gaap:RetainedEarningsMember2023-01-012023-03-310001164727us-gaap:NoncontrollingInterestMember2023-01-012023-03-3100011647272023-01-012023-03-310001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-310001164727us-gaap:TreasuryStockCommonMember2023-01-012023-03-310001164727us-gaap:CommonStockMember2023-01-012023-03-310001164727us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-310001164727us-gaap:CommonStockMember2023-03-310001164727us-gaap:TreasuryStockCommonMember2023-03-310001164727us-gaap:AdditionalPaidInCapitalMember2023-03-310001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-310001164727us-gaap:RetainedEarningsMember2023-03-310001164727us-gaap:NoncontrollingInterestMember2023-03-3100011647272023-03-310001164727us-gaap:RetainedEarningsMember2023-04-012023-06-3000011647272023-04-012023-06-300001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-04-012023-06-300001164727us-gaap:NoncontrollingInterestMember2023-04-012023-06-300001164727us-gaap:AdditionalPaidInCapitalMember2023-04-012023-06-300001164727us-gaap:CommonStockMember2023-06-300001164727us-gaap:TreasuryStockCommonMember2023-06-300001164727us-gaap:AdditionalPaidInCapitalMember2023-06-300001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300001164727us-gaap:RetainedEarningsMember2023-06-300001164727us-gaap:NoncontrollingInterestMember2023-06-3000011647272023-06-300001164727us-gaap:RetainedEarningsMember2023-07-012023-09-300001164727us-gaap:NoncontrollingInterestMember2023-07-012023-09-300001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-07-012023-09-300001164727us-gaap:TreasuryStockCommonMember2023-07-012023-09-300001164727us-gaap:CommonStockMember2023-07-012023-09-300001164727us-gaap:AdditionalPaidInCapitalMember2023-07-012023-09-300001164727us-gaap:CommonStockMember2023-09-300001164727us-gaap:TreasuryStockCommonMember2023-09-300001164727us-gaap:AdditionalPaidInCapitalMember2023-09-300001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-09-300001164727us-gaap:RetainedEarningsMember2023-09-300001164727us-gaap:NoncontrollingInterestMember2023-09-300001164727us-gaap:CommonStockMember2021-12-310001164727us-gaap:TreasuryStockCommonMember2021-12-310001164727us-gaap:AdditionalPaidInCapitalMember2021-12-310001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310001164727us-gaap:RetainedEarningsMember2021-12-310001164727us-gaap:NoncontrollingInterestMember2021-12-310001164727us-gaap:RetainedEarningsMember2022-01-012022-03-310001164727us-gaap:NoncontrollingInterestMember2022-01-012022-03-3100011647272022-01-012022-03-310001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-310001164727us-gaap:TreasuryStockCommonMember2022-01-012022-03-310001164727us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-310001164727us-gaap:CommonStockMember2022-01-012022-03-310001164727us-gaap:CommonStockMember2022-03-310001164727us-gaap:TreasuryStockCommonMember2022-03-310001164727us-gaap:AdditionalPaidInCapitalMember2022-03-310001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310001164727us-gaap:RetainedEarningsMember2022-03-310001164727us-gaap:NoncontrollingInterestMember2022-03-3100011647272022-03-310001164727us-gaap:RetainedEarningsMember2022-04-012022-06-300001164727us-gaap:NoncontrollingInterestMember2022-04-012022-06-3000011647272022-04-012022-06-300001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-012022-06-300001164727us-gaap:AdditionalPaidInCapitalMember2022-04-012022-06-300001164727us-gaap:CommonStockMember2022-06-300001164727us-gaap:TreasuryStockCommonMember2022-06-300001164727us-gaap:AdditionalPaidInCapitalMember2022-06-300001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-300001164727us-gaap:RetainedEarningsMember2022-06-300001164727us-gaap:NoncontrollingInterestMember2022-06-3000011647272022-06-300001164727us-gaap:RetainedEarningsMember2022-07-012022-09-300001164727us-gaap:NoncontrollingInterestMember2022-07-012022-09-300001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-300001164727us-gaap:TreasuryStockCommonMember2022-07-012022-09-300001164727us-gaap:CommonStockMember2022-07-012022-09-300001164727us-gaap:AdditionalPaidInCapitalMember2022-07-012022-09-300001164727us-gaap:CommonStockMember2022-09-300001164727us-gaap:TreasuryStockCommonMember2022-09-300001164727us-gaap:AdditionalPaidInCapitalMember2022-09-300001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-09-300001164727us-gaap:RetainedEarningsMember2022-09-300001164727us-gaap:NoncontrollingInterestMember2022-09-300001164727nem:NewcrestMiningLimitedMemberus-gaap:CommonStockMembersrt:ScenarioForecastMember2023-10-012023-12-310001164727nem:NewcrestMiningLimitedMembernem:CHESSDepositaryInterestsPerShareMembersrt:ScenarioForecastMember2023-10-012023-12-310001164727nem:NewcrestMiningLimitedMembernem:PETSDepositaryInterestsPerShareMembersrt:ScenarioForecastMember2023-10-012023-12-310001164727nem:NewcrestMiningLimitedMembersrt:ScenarioForecastMember2023-10-012023-12-310001164727us-gaap:VariableInterestEntityPrimaryBeneficiaryMembernem:MerianGoldProjectMember2023-07-012023-09-300001164727us-gaap:VariableInterestEntityPrimaryBeneficiaryMembernem:MerianGoldProjectMember2022-07-012022-09-300001164727us-gaap:VariableInterestEntityPrimaryBeneficiaryMembernem:MerianGoldProjectMember2023-01-012023-09-300001164727us-gaap:VariableInterestEntityPrimaryBeneficiaryMembernem:MerianGoldProjectMember2022-01-012022-09-300001164727nem:MineraYanacochaMembernem:CompaniaDeMinasBuenaventuraSAAMember2022-02-28xbrli:pure0001164727nem:MineraYanacochaMembernem:CompaniaDeMinasBuenaventuraSAAMember2022-02-012022-02-280001164727us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMembernem:MineraLaZanjaMember2022-02-012022-02-280001164727nem:MineraYanacochaMembernem:SummitGlobalManagementIiVBMember2022-06-300001164727nem:MineraYanacochaMembernem:SummitGlobalManagementIiVBMember2022-06-302022-06-300001164727nem:MineraYanacochaMember2022-06-300001164727nem:YanacochaMember2023-09-300001164727nem:YanacochaMemberus-gaap:AssetUnderConstructionMember2023-09-300001164727nem:CongaMember2023-09-300001164727us-gaap:SubsequentEventMembernem:PenasquitoMembernem:UnionStrikeMember2023-10-13nem:segment0001164727us-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:MusselwhiteMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PorcupineMember2023-07-012023-09-300001164727nem:EleonoreMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMemberus-gaap:GoldMembernem:PenasquitoMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:SilverMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:LeadMembernem:PenasquitoMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:ZincMembernem:PenasquitoMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:MerianGoldProjectMember2023-07-012023-09-300001164727nem:CerroNegroMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:YanacochaMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMemberus-gaap:GoldMember2023-07-012023-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:CopperMember2023-07-012023-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:TanamiMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:AhafoMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:AkyemMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:NevadaGoldMinesMember2023-07-012023-09-300001164727us-gaap:CorporateNonSegmentMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:UnionStrikeMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:MusselwhiteMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PorcupineMember2022-07-012022-09-300001164727nem:EleonoreMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMemberus-gaap:GoldMembernem:PenasquitoMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:SilverMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:LeadMembernem:PenasquitoMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:ZincMembernem:PenasquitoMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:MerianGoldProjectMember2022-07-012022-09-300001164727nem:CerroNegroMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:YanacochaMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMemberus-gaap:GoldMember2022-07-012022-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:CopperMember2022-07-012022-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:TanamiMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:AhafoMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:AkyemMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:NevadaGoldMinesMember2022-07-012022-09-300001164727us-gaap:CorporateNonSegmentMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:MusselwhiteMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PorcupineMember2023-01-012023-09-300001164727nem:EleonoreMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMemberus-gaap:GoldMembernem:PenasquitoMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:SilverMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:LeadMembernem:PenasquitoMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:ZincMembernem:PenasquitoMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:MerianGoldProjectMember2023-01-012023-09-300001164727nem:CerroNegroMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:YanacochaMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMemberus-gaap:GoldMember2023-01-012023-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:CopperMember2023-01-012023-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:TanamiMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:AhafoMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:AkyemMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:NevadaGoldMinesMember2023-01-012023-09-300001164727us-gaap:CorporateNonSegmentMember2023-01-012023-09-300001164727nem:EleonoreMemberus-gaap:OperatingSegmentsMember2023-06-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:UnionStrikeMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:MusselwhiteMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PorcupineMember2022-01-012022-09-300001164727nem:EleonoreMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMemberus-gaap:GoldMembernem:PenasquitoMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:SilverMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:LeadMembernem:PenasquitoMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:ZincMembernem:PenasquitoMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:MerianGoldProjectMember2022-01-012022-09-300001164727nem:CerroNegroMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:YanacochaMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMemberus-gaap:GoldMember2022-01-012022-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:CopperMember2022-01-012022-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:TanamiMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:AhafoMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:AkyemMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:NevadaGoldMinesMember2022-01-012022-09-300001164727us-gaap:CorporateNonSegmentMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:ProfitSharingAgreementMembernem:PenasquitoMember2022-04-012022-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2023-07-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:MusselwhiteMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:MusselwhiteMember2023-07-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PorcupineMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PorcupineMember2023-07-012023-09-300001164727nem:GoldDoreMembernem:EleonoreMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:EleonoreMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:PenasquitoGoldSubsegmentMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:PenasquitoGoldSubsegmentMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:PenasquitoGoldSubsegmentMember2023-07-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMember2023-07-012023-09-300001164727nem:PenasquitoLeadSubsegmentMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2023-07-012023-09-300001164727nem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2023-07-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMembernem:PenasquitoMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMembernem:PenasquitoMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMembernem:PenasquitoMember2023-07-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2023-07-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:MerianGoldProjectMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:MerianGoldProjectMember2023-07-012023-09-300001164727nem:GoldDoreMembernem:CerroNegroMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:CerroNegroMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:GoldDoreMembernem:YanacochaMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:YanacochaMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:GoldDoreMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMember2023-07-012023-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMember2023-07-012023-09-300001164727nem:BoddingtonCopperSubsegmentMembernem:GoldDoreMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:BoddingtonCopperSubsegmentMembernem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:BoddingtonCopperSubsegmentMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:GoldDoreMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:GoldDoreMembernem:TanamiMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TanamiMemberus-gaap:OperatingSegmentsMember2023-07-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:AhafoMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:AhafoMember2023-07-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:AkyemMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:AkyemMember2023-07-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:NevadaGoldMinesMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:NevadaGoldMinesMember2023-07-012023-09-300001164727nem:GoldDoreMember2023-07-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMember2023-07-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMembernem:SilverStreamingAgreementMember2023-07-012023-09-300001164727srt:ConsolidationEliminationsMembernem:NevadaGoldMinesMember2023-07-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2022-07-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:MusselwhiteMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:MusselwhiteMember2022-07-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PorcupineMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PorcupineMember2022-07-012022-09-300001164727nem:GoldDoreMembernem:EleonoreMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:EleonoreMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:PenasquitoGoldSubsegmentMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:PenasquitoGoldSubsegmentMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:PenasquitoGoldSubsegmentMember2022-07-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMember2022-07-012022-09-300001164727nem:PenasquitoLeadSubsegmentMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2022-07-012022-09-300001164727nem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2022-07-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMembernem:PenasquitoMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMembernem:PenasquitoMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMembernem:PenasquitoMember2022-07-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2022-07-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:MerianGoldProjectMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:MerianGoldProjectMember2022-07-012022-09-300001164727nem:GoldDoreMembernem:CerroNegroMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:CerroNegroMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:GoldDoreMembernem:YanacochaMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:YanacochaMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:GoldDoreMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMember2022-07-012022-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMember2022-07-012022-09-300001164727nem:BoddingtonCopperSubsegmentMembernem:GoldDoreMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:BoddingtonCopperSubsegmentMembernem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:BoddingtonCopperSubsegmentMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:GoldDoreMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:GoldDoreMembernem:TanamiMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TanamiMemberus-gaap:OperatingSegmentsMember2022-07-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:AhafoMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:AhafoMember2022-07-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:AkyemMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:AkyemMember2022-07-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:NevadaGoldMinesMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:NevadaGoldMinesMember2022-07-012022-09-300001164727nem:GoldDoreMember2022-07-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMember2022-07-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMembernem:SilverStreamingAgreementMember2022-07-012022-09-300001164727srt:ConsolidationEliminationsMembernem:NevadaGoldMinesMember2022-07-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2023-01-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:MusselwhiteMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:MusselwhiteMember2023-01-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PorcupineMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PorcupineMember2023-01-012023-09-300001164727nem:GoldDoreMembernem:EleonoreMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:EleonoreMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:PenasquitoGoldSubsegmentMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:PenasquitoGoldSubsegmentMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:PenasquitoGoldSubsegmentMember2023-01-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMember2023-01-012023-09-300001164727nem:PenasquitoLeadSubsegmentMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2023-01-012023-09-300001164727nem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2023-01-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMembernem:PenasquitoMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMembernem:PenasquitoMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMembernem:PenasquitoMember2023-01-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2023-01-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:MerianGoldProjectMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:MerianGoldProjectMember2023-01-012023-09-300001164727nem:GoldDoreMembernem:CerroNegroMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:CerroNegroMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:GoldDoreMembernem:YanacochaMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:YanacochaMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:GoldDoreMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMember2023-01-012023-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMember2023-01-012023-09-300001164727nem:BoddingtonCopperSubsegmentMembernem:GoldDoreMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:BoddingtonCopperSubsegmentMembernem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:BoddingtonCopperSubsegmentMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:GoldDoreMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:GoldDoreMembernem:TanamiMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TanamiMemberus-gaap:OperatingSegmentsMember2023-01-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:AhafoMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:AhafoMember2023-01-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:AkyemMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:AkyemMember2023-01-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:NevadaGoldMinesMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:NevadaGoldMinesMember2023-01-012023-09-300001164727nem:GoldDoreMember2023-01-012023-09-300001164727nem:SalesFromConcentrateAndOtherProductionMember2023-01-012023-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMembernem:SilverStreamingAgreementMember2023-01-012023-09-300001164727srt:ConsolidationEliminationsMembernem:NevadaGoldMinesMember2023-01-012023-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2022-01-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:MusselwhiteMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:MusselwhiteMember2022-01-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PorcupineMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PorcupineMember2022-01-012022-09-300001164727nem:GoldDoreMembernem:EleonoreMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:EleonoreMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:PenasquitoGoldSubsegmentMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:PenasquitoGoldSubsegmentMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoMembernem:PenasquitoGoldSubsegmentMember2022-01-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMember2022-01-012022-09-300001164727nem:PenasquitoLeadSubsegmentMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2022-01-012022-09-300001164727nem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2022-01-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMembernem:PenasquitoMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMembernem:PenasquitoMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMembernem:PenasquitoMember2022-01-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:PenasquitoMember2022-01-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:MerianGoldProjectMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:MerianGoldProjectMember2022-01-012022-09-300001164727nem:GoldDoreMembernem:CerroNegroMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:CerroNegroMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:GoldDoreMembernem:YanacochaMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:YanacochaMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:GoldDoreMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMember2022-01-012022-09-300001164727nem:BoddingtonMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMember2022-01-012022-09-300001164727nem:BoddingtonCopperSubsegmentMembernem:GoldDoreMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:BoddingtonCopperSubsegmentMembernem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:BoddingtonCopperSubsegmentMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:GoldDoreMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:GoldDoreMembernem:TanamiMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TanamiMemberus-gaap:OperatingSegmentsMember2022-01-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:AhafoMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:AhafoMember2022-01-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:AkyemMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:AkyemMember2022-01-012022-09-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:NevadaGoldMinesMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:NevadaGoldMinesMember2022-01-012022-09-300001164727nem:GoldDoreMember2022-01-012022-09-300001164727nem:SalesFromConcentrateAndOtherProductionMember2022-01-012022-09-300001164727us-gaap:OperatingSegmentsMembernem:PenasquitoSilverSubsegmentMembernem:PenasquitoMembernem:SilverStreamingAgreementMember2022-01-012022-09-300001164727srt:ConsolidationEliminationsMembernem:NevadaGoldMinesMember2022-01-012022-09-300001164727us-gaap:GoldMember2023-09-30utr:oz0001164727nem:CopperMember2023-09-30utr:lb0001164727nem:SilverMember2023-09-300001164727nem:LeadMember2023-09-300001164727nem:ZincMember2023-09-30iso4217:USDutr:oziso4217:USDutr:lb0001164727us-gaap:EnvironmentalRemediationMember2023-01-012023-09-300001164727us-gaap:EnvironmentalRemediationMember2022-01-012022-09-300001164727nem:MineraYanacochaMember2023-09-300001164727nem:MineraYanacochaMember2022-12-310001164727us-gaap:OtherNoncurrentAssetsMember2023-09-300001164727us-gaap:OtherNoncurrentAssetsMember2022-12-310001164727nem:YanacochaMemberus-gaap:OtherNoncurrentAssetsMemberus-gaap:EquitySecuritiesMember2023-09-300001164727nem:YanacochaMemberus-gaap:OtherNoncurrentAssetsMemberus-gaap:EquitySecuritiesMember2022-12-310001164727us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember2023-07-012023-09-300001164727us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember2022-07-012022-09-300001164727us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember2023-01-012023-09-300001164727us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember2022-01-012022-09-300001164727nem:TanamiMember2023-07-012023-09-300001164727nem:AhafoMember2023-07-012023-09-300001164727nem:TanamiMemberus-gaap:OtherNonoperatingIncomeExpenseMember2023-07-012023-09-300001164727nem:AhafoMemberus-gaap:OtherNonoperatingIncomeExpenseMember2023-07-012023-09-300001164727us-gaap:PensionPlansDefinedBenefitMember2022-01-012022-03-310001164727us-gaap:MexicanTaxAuthorityMember2022-04-012022-06-300001164727us-gaap:FairValueMeasurementsRecurringMember2023-09-300001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-09-300001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300001164727us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-09-300001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-09-300001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300001164727us-gaap:FairValueInputsLevel3Membernem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2023-09-300001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMember2023-09-300001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMember2023-09-300001164727us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2023-09-300001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DebtSecuritiesMember2023-09-300001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2023-09-300001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-09-300001164727us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DebtSecuritiesMember2023-09-300001164727us-gaap:OtherAssetsMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300001164727us-gaap:OtherAssetsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-09-300001164727us-gaap:OtherAssetsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300001164727us-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300001164727us-gaap:FairValueMeasurementsRecurringMember2022-12-310001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-12-310001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310001164727us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-12-310001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310001164727us-gaap:FairValueInputsLevel3Membernem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-12-310001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMember2022-12-310001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMember2022-12-310001164727us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-12-310001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DebtSecuritiesMember2022-12-310001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-12-310001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310001164727us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DebtSecuritiesMember2022-12-310001164727us-gaap:OtherAssetsMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001164727us-gaap:OtherAssetsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-12-310001164727us-gaap:OtherAssetsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310001164727us-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001164727us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300001164727us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310001164727us-gaap:FairValueInputsLevel3Member2023-09-300001164727us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMembernem:MonteCarloMember2023-09-300001164727us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMembernem:MonteCarloMembersrt:MaximumMember2023-09-300001164727us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2023-09-300001164727us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2023-09-300001164727us-gaap:FairValueInputsLevel3Member2022-12-310001164727us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMembernem:MonteCarloMember2022-12-310001164727us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMembernem:MonteCarloMembersrt:MaximumMember2022-12-310001164727us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001164727us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2022-12-310001164727us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMember2023-09-300001164727us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMember2022-12-310001164727nem:CrippleCreekAndVictorMineMember2022-12-310001164727nem:MeasurementInputShortTermGoldPriceMemberus-gaap:IncomeApproachValuationTechniqueMember2022-12-310001164727nem:MeasurementInputLongTermGoldPriceMemberus-gaap:IncomeApproachValuationTechniqueMember2022-12-310001164727us-gaap:MeasurementInputDiscountRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-12-310001164727nem:ContingentConsiderationAssetMember2022-12-310001164727nem:ContingentConsiderationLiabilityMember2022-12-310001164727nem:ContingentConsiderationAssetMember2023-01-012023-09-300001164727nem:ContingentConsiderationLiabilityMember2023-01-012023-09-300001164727nem:ContingentConsiderationAssetMember2023-09-300001164727nem:ContingentConsiderationLiabilityMember2023-09-300001164727nem:ContingentConsiderationAssetMember2021-12-310001164727nem:ContingentConsiderationLiabilityMember2021-12-310001164727nem:ContingentConsiderationAssetMember2022-01-012022-09-300001164727nem:ContingentConsiderationLiabilityMember2022-01-012022-09-300001164727nem:ContingentConsiderationAssetMember2022-09-300001164727nem:ContingentConsiderationLiabilityMember2022-09-300001164727us-gaap:OtherNonoperatingIncomeExpenseMember2023-01-012023-09-300001164727nem:IncomeLossFromDiscontinuedOperationsMember2023-01-012023-09-300001164727us-gaap:OtherNonoperatingIncomeExpenseMember2022-01-012022-09-300001164727nem:IncomeLossFromDiscontinuedOperationsMember2022-01-012022-09-3000011647272023-05-31iso4217:CADiso4217:AUD00011647272022-10-310001164727us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:OtherCurrentAssetsMember2023-09-300001164727us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:OtherCurrentAssetsMember2022-12-310001164727us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:OtherNoncurrentAssetsMember2023-09-300001164727us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:OtherNoncurrentAssetsMember2022-12-310001164727us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2023-09-300001164727us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2022-12-310001164727us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherCurrentLiabilitiesMemberus-gaap:CashFlowHedgingMember2023-09-300001164727us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherCurrentLiabilitiesMemberus-gaap:CashFlowHedgingMember2022-12-310001164727us-gaap:ForeignExchangeContractMember2023-07-012023-09-300001164727us-gaap:ForeignExchangeContractMember2022-07-012022-09-300001164727us-gaap:ForeignExchangeContractMember2023-01-012023-09-300001164727us-gaap:ForeignExchangeContractMember2022-01-012022-09-300001164727us-gaap:InterestRateContractMember2023-07-012023-09-300001164727us-gaap:InterestRateContractMember2022-07-012022-09-300001164727us-gaap:InterestRateContractMember2023-01-012023-09-300001164727us-gaap:InterestRateContractMember2022-01-012022-09-300001164727nem:BatuHijauAndElangMember2023-09-300001164727nem:BatuHijauAndElangMember2022-12-310001164727nem:RedLakeMember2023-09-300001164727nem:RedLakeMember2022-12-310001164727nem:CerroBlancoMember2023-09-300001164727nem:CerroBlancoMember2022-12-310001164727nem:TripleFlagPreviouslyMaverixMember2023-09-300001164727nem:TripleFlagPreviouslyMaverixMember2022-12-310001164727nem:OtherCounterpartyMember2023-09-300001164727nem:OtherCounterpartyMember2022-12-310001164727nem:NorteAbiertoMember2023-09-300001164727nem:NorteAbiertoMember2022-12-310001164727nem:GaloreCreekMember2023-09-300001164727nem:GaloreCreekMember2022-12-310001164727nem:BatuHijauAndElangMemberus-gaap:OtherCurrentAssetsMember2023-09-300001164727nem:BatuHijauAndElangMemberus-gaap:OtherNoncurrentAssetsMember2023-09-300001164727nem:InvestmentsCurrentMember2023-09-300001164727nem:InvestmentsCurrentMember2022-12-310001164727nem:InvestmentsNoncurrentMember2023-09-300001164727nem:InvestmentsNoncurrentMember2022-12-310001164727nem:PuebloViejoMineMember2023-09-300001164727nem:PuebloViejoMineMembernem:InvestmentsNoncurrentMember2023-09-300001164727nem:PuebloViejoMineMembernem:InvestmentsNoncurrentMember2022-12-310001164727nem:NuevaUnionProjectMember2023-09-300001164727nem:InvestmentsNoncurrentMembernem:NuevaUnionProjectMember2023-09-300001164727nem:InvestmentsNoncurrentMembernem:NuevaUnionProjectMember2022-12-310001164727nem:NorteAbiertoProjectMember2023-09-300001164727nem:NorteAbiertoProjectMembernem:InvestmentsNoncurrentMember2023-09-300001164727nem:NorteAbiertoProjectMembernem:InvestmentsNoncurrentMember2022-12-310001164727nem:MaverixMember2023-09-300001164727nem:MaverixMember2022-12-310001164727nem:MaverixMembernem:InvestmentsNoncurrentMember2023-09-300001164727nem:MaverixMembernem:InvestmentsNoncurrentMember2022-12-310001164727us-gaap:DebtSecuritiesMember2023-09-300001164727us-gaap:DebtSecuritiesMember2022-12-310001164727us-gaap:OtherAssetsMember2023-09-300001164727us-gaap:OtherAssetsMember2022-12-310001164727nem:PuebloViejoMineMember2023-07-012023-09-300001164727nem:PuebloViejoMineMember2022-07-012022-09-300001164727nem:PuebloViejoMineMember2023-01-012023-09-300001164727nem:PuebloViejoMineMember2022-01-012022-09-300001164727nem:PuebloViejoMineMember2022-12-310001164727nem:PuebloViejoRevolvingFacilityMember2023-09-300001164727nem:PuebloViejoMineMemberus-gaap:RelatedPartyMember2023-09-300001164727nem:PuebloViejoMineMemberus-gaap:RelatedPartyMember2022-12-310001164727nem:TripleFlagMember2023-01-310001164727nem:MaverixMember2023-01-310001164727nem:MaverixMember2023-01-012023-03-310001164727nem:MaverixMember2023-04-012023-06-300001164727nem:StockpilesMember2023-09-300001164727nem:OreOnLeachPadsMember2023-09-300001164727nem:StockpilesMember2022-12-310001164727nem:OreOnLeachPadsMember2022-12-310001164727nem:NevadaGoldMinesMember2023-09-300001164727nem:NevadaGoldMinesMember2022-12-310001164727nem:BarrickGoldCorporationMembernem:NevadaGoldMinesMember2023-09-300001164727nem:BarrickGoldCorporationMembernem:NevadaGoldMinesMember2022-12-310001164727nem:NevadaGoldMinesMember2023-09-300001164727nem:NevadaGoldMinesMember2022-12-310001164727us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-12-310001164727us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-12-310001164727us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-12-310001164727us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2022-12-310001164727us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2022-12-310001164727us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-300001164727us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-300001164727us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-300001164727us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2023-01-012023-09-300001164727us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2023-09-300001164727us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-09-300001164727us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-09-300001164727us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2023-09-300001164727us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2023-09-30nem:plant0001164727nem:CrippleCreekAndVictorMineMember2023-09-300001164727nem:CrippleCreekAndVictorMineMember2022-12-310001164727nem:DawnMiningCompanyMember2023-09-300001164727nem:MidniteMineAndDawnMillSitesMember2023-09-300001164727nem:GoldcorpMember2023-09-300001164727nem:NewmontCorporationNewmontCanadaCorporationAndNewmontCanadaFNHoldingsULCMember2023-09-300001164727us-gaap:UseRightsMembernem:HoltOptionMember2020-08-012020-08-310001164727nem:KirklandRoyaltyMatterMemberus-gaap:PendingLitigationMember2021-08-162021-08-160001164727nem:NWGInvestmentsIncMembernem:NewWestGoldCorporationMember2007-09-300001164727us-gaap:MajorityShareholderMembernem:NWGInvestmentsIncMember2007-09-300001164727nem:FronteerGoldIncMembernem:AuroraEnergyResourcesIncMember2007-09-300001164727us-gaap:PendingLitigationMemberstpr:CA-NL2008-04-082008-04-080001164727nem:NwgSummonsAndComplaintNewYorkCaseMemberus-gaap:PendingLitigationMember2012-09-242012-09-240001164727us-gaap:PendingLitigationMembernem:NwgLawsuitOntarioSuperiorCourtOfJusticeMember2014-02-262014-02-260001164727nem:NewmontGhanaGoldLimitedAndNewmontGoldenRidgeLimitedMember2023-09-300001164727nem:GhanaParliamentCasesMember2018-12-242018-12-24nem:plaintiff0001164727nem:NorteAbiertoProjectMembernem:BarrickGoldCorporationMember2023-01-012023-09-300001164727nem:NorteAbiertoProjectMembernem:BarrickGoldCorporationMember2022-01-012022-12-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 10-Q
(Mark One)
     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended September 30, 2023
or
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from__________to__________
Commission File Number: 001-31240
Newmont-Color-RGB.jpg
NEWMONT CORPORATION
(Exact name of registrant as specified in its charter)
Delaware84-1611629
(State or Other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification No.)
6900 E Layton Ave
Denver, Colorado
80237
(Address of Principal Executive Offices)(Zip Code)
Registrant’s telephone number, including area code (303) 863-7414
Securities registered or to be registered pursuant to Section 12(b) of the Act.
Title of each classTrading SymbolName of each exchange on which registered
Common stock, par value $1.60 per shareNEMNew York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     ☒ Yes     ☐ No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).     ☒ Yes     ☐ No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12-b2 of the Exchange Act.
Large accelerated filer
Accelerated filer
Non-accelerated filer
Smaller reporting company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12-b2 of the Exchange Act).      Yes     ☒ No
There were 794,800,193 shares of common stock outstanding on October 19, 2023.


TABLE OF CONTENTS
Page



GLOSSARY: UNITS OF MEASURE AND ABBREVIATIONS
UnitUnit of Measure
$United States Dollar
%Percent
A$Australian Dollar
C$Canadian Dollar
gramMetric Gram
ounceTroy Ounce
poundUnited States Pound
tonneMetric Ton
Abbreviation
Description
AISC (1)
All-In Sustaining Costs
ARCAsset Retirement Cost
ASCFASB Accounting Standard Codification
ASUFASB Accounting Standard Update
AUDAustralian Dollar
CAD
Canadian Dollar
CASCosts Applicable to Sales
EBITDA (1)
Earnings Before Interest, Taxes, Depreciation and Amortization
EIAEnvironmental Impact Assessment
EPAU.S. Environmental Protection Agency
ESGEnvironmental, Social and Governance
Exchange ActU.S. Securities Exchange Act of 1934
FASBFinancial Accounting Standards Board
GAAP
U.S. Generally Accepted Accounting Principles
GEO (2)
Gold Equivalent Ounces
GHG
Greenhouse Gases, which are defined by the EPA as gases that trap heat in the atmosphere
IASB
International Accounting Standards Board
IFRSInternational Financial Reporting Standards
LIBOR
London Interbank Offered Rate
LBMA
London Bullion Market Association
LME
London Metal Exchange
MD&A
Management’s Discussion and Analysis of Consolidated Financial Condition and Results of Operations
MINAMMinistry of the Environment of Peru
Mine ActU.S. Federal Mine Safety and Health Act of 1977
MINEMMinistry of Energy and Mines of Peru
MSHAFederal Mine Safety and Health Administration
MXN
Mexican Peso
NPDESNational Pollutant Discharge Elimination System
SECU.S. Securities and Exchange Commission
Securities ActU.S. Securities Act of 1933
SOFR
Secured Overnight Financing Rate
U.S.
The United States of America
USD
United States Dollar
WTPWater Treatment Plant
____________________________
(1)Refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A.
(2)Refer to Results of Consolidated Operations within Part I, Item 2, MD&A.
1

NEWMONT CORPORATION
THIRD QUARTER 2023 RESULTS AND HIGHLIGHTS
(unaudited, in millions, except per share, per ounce and per pound)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
Financial Results:
Sales$2,493 $2,634 $7,855 $8,715 
Gold$2,400 $2,350 $7,083 $7,586 
Copper$90 $48 $282 $223 
Silver (1)
$$105 $246 $401 
Lead (1)
$— $26 $64 $98 
Zinc (1)
$(2)$105 $180 $407 
Costs applicable to sales (2)
$1,371 $1,545 $4,396 $4,688 
Gold$1,273 $1,345 $3,789 $3,910 
Copper$50 $36 $151 $131 
Silver$23 $85 $200 $337 
Lead$$15 $62 $66 
Zinc$18 $64 $194 $244 
Net income (loss) from continuing operations $162 $225 $666 $1,070 
Net income (loss) $163 $220 $681 $1,089 
Net income (loss) from continuing operations attributable to Newmont stockholders
$157 $218 $649 $1,029 
Per common share, diluted:
Net income (loss) from continuing operations attributable to Newmont stockholders$0.20 $0.28 $0.82 $1.30 
Net income (loss) attributable to Newmont stockholders$0.20 $0.27 $0.84 $1.32 
Adjusted net income (loss) (3)
$286 $212 $872 $1,120 
Adjusted net income (loss) per share, diluted (3)
$0.36 $0.27 $1.10 $1.41 
Earnings before interest, taxes and depreciation and amortization (3)
$760 $859 $2,660 $3,120 
Adjusted earnings before interest, taxes and depreciation and amortization (3)
$933 $850 $2,833 $3,389 
Net cash provided by (used in) operating activities of continuing operations$2,138 $2,188 
Free cash flow (3)
$392 $703 
Cash dividends paid per common share in the period ended September 30
$0.40 $0.55 $1.20 $1.65 
Cash dividends declared per common share for the period ended September 30
$0.40 $0.55 $1.20 $1.65 
____________________________
(1)On June 7, 2023, the National Union of Mine and Metal Workers of the Mexican Republic (the "Union") notified the Company of a strike action related to the Company's Peñasquito operations. In response to the strike notice, the Company suspended operations at Peñasquito, resulting in no production during the third quarter of 2023. Sales activity recognized in the third quarter of 2023 is related to adjustments on provisionally priced concentrate sales subject to final settlement.
(2)Excludes Depreciation and amortization and Reclamation and remediation.
(3)Refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A.
2

NEWMONT CORPORATION
THIRD QUARTER 2023 RESULTS AND HIGHLIGHTS
(unaudited, in millions, except per share, per ounce and per pound)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
Operating Results:
Consolidated gold ounces (thousands):
Produced1,260 1,428 3,696 4,192 
Sold1,250 1,391 3,669 4,202 
Attributable gold ounces (thousands):
Produced (1)
1,291 1,487 3,804 4,326 
Sold (2)
1,229 1,369 3,614 4,115 
Consolidated and attributable gold equivalent ounces - other metals (thousands) (3)
Produced58 299 602 979 
Sold59 281 575 964 
Consolidated and attributable - other metals:
Produced copper (million pounds)23 16 75 59 
Sold copper (million pounds)25 17 76 63 
Produced silver (thousand ounces) (4)
— 7,460 13,786 23,273 
Sold silver (thousand ounces) (4)
55 6,805 12,178 22,523 
Produced lead (million pounds) (4)
— 33 86 112 
Sold lead (million pounds) (4)
— 30 72 107 
Produced zinc (million pounds) (4)
— 89 180 297 
Sold zinc (million pounds) (4)
(2)85 187 290 
Average realized price:
Gold (per ounce) $1,920 $1,691 $1,930 $1,806 
Copper (per pound) $3.68 $2.80 $3.71 $3.54 
Silver (per ounce) (4)
N.M.$15.42 $20.18 $17.81 
Lead (per pound) (4)
N.M.$0.86 $0.90 $0.92 
Zinc (per pound) (4)
N.M.$1.25 $0.97 $1.41 
Consolidated costs applicable to sales: (5)(6)
Gold (per ounce) $1,019 $968 $1,033 $931 
Gold equivalent ounces - other metals (per ounce) (3)
$1,636 $712 $1,056 $807 
All-in sustaining costs: (6)
Gold (per ounce) $1,426 $1,271 $1,425 $1,209 
Gold equivalent ounces - other metals (per ounce) (3)
$2,422 $999 $1,511 $1,098 
____________________________
(1)Attributable gold ounces produced includes 52 and 81 thousand ounces for the three months ended September 30, 2023 and 2022, respectively, and 163 and 220 thousand ounces for the nine months ended September 30, 2023 and 2022, respectively, related to the Pueblo Viejo mine, which is 40% owned by Newmont and accounted for as an equity method investment.
(2)Attributable gold ounces sold excludes ounces related to the Pueblo Viejo mine, which is 40% owned by Newmont and accounted for as an equity method investment.
(3)Gold equivalent ounces are calculated as pounds or ounces produced or sold multiplied by the ratio of the other metals’ price to the gold price. In 2023, the Company updated the metal prices utilized for this calculation to align with reserve metal price assumptions; this resulted in fewer calculated gold equivalent ounces - other metals produced and sold of 5 thousand ounces and 5 thousand ounces, respectively, for the three months ended September 30, 2023, and 108 thousand ounces and 100 thousand ounces, respectively, for the nine months ended September 30, 2023, than would have been calculated based on the pricing used in 2022 for this calculation. Refer to Results of Consolidated Operations within Part I, Item 2, Management's Discussion and Analysis for further information.
(4)On June 7, 2023, the Company suspended its operations at Peñasquito due to the Union strike. As a result of the suspended operations, no production occurred during the third quarter of 2023. Sales activity recognized in the third quarter of 2023 is related to adjustments on provisionally priced concentrate sales subject to final settlement. Consequently, price per ounce/pound metrics are not meaningful ("N.M.").
(5)Excludes Depreciation and amortization and Reclamation and remediation.
(6)Refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A.

3

Third Quarter 2023 Highlights (dollars in millions, except per share, per ounce and per pound amounts)
Newcrest acquisition: On May 14, 2023 (May 15, 2023 Australian Eastern Daylight Time), the Company and Newmont Overseas Holding Pty Ltd, an Australian proprietary company listed by shares and an indirect wholly owned subsidiary of Newmont ("Newmont Sub"), entered into a binding Scheme Implementation Deed (as amended from time to time, the “Transaction Agreement”) with Newcrest Mining Limited ("Newcrest") to acquire all of the issued and outstanding ordinary shares of Newcrest in a stock transaction, by way of an Australian court-approved Scheme of Arrangement (the “Scheme”, and such acquisition, the “Newcrest Transaction”). Under the terms of the Transaction Agreement, Newcrest shareholders will receive 0.400 of a share of Newmont’s common stock (or 0.400 CHESS Depository Interests or 0.400 PETS depository interests, in each case, each one representing a unit of beneficial ownership in Newmont common stock) for each Newcrest common share and a special dividend of $1.10 per share, to be paid by Newcrest prior to the implementation of the Newcrest Transaction. On October 11, 2023 and October 12, 2023 (October 13, 2023 Australian Eastern Daylight Time), the Newmont and Newcrest shareholders approved the Newcrest Transaction, respectively, which was then subsequently approved by the Australian court on October 16, 2023 (October 17, 2023 Australian Eastern Daylight Time). As previously announced, the transaction has received all of the government and regulatory approvals necessary for the transaction to proceed and is expected to be implemented in November 2023.
Net income: Reported Net income (loss) from continuing operations attributable to Newmont stockholders of $157 or $0.20 per diluted share, a decrease of $61 from the prior-year quarter primarily due to a decrease in Sales at Peñasquito as a result of the work stoppage due to a labor strike that began in June 2023, resulting in no sales at Peñasquito in the third quarter of 2023. The decrease is also the result of higher Reclamation and Remediation, partially offset by higher average realized prices for gold and copper and lower Costs applicable to sales.
Adjusted net income: Reported Adjusted net income of $286 or $0.36 per diluted share, an increase of $0.09 per diluted share from the prior-year quarter (see Non-GAAP Financial Measures within Part I, Item 2, MD&A).
Adjusted EBITDA: Reported $933 in Adjusted EBITDA, an increase of 10% from the prior-year quarter (see Non-GAAP Financial Measures within Part I, Item 2, MD&A).
Cash flow: Reported Net cash provided by (used in) operating activities of continuing operations of $2,138, a decrease of 2% from the prior year, and free cash flow of $392 (see Non-GAAP Financial Measures within Part I, Item 2, MD&A).
Portfolio updates: Declared commercial production at San Marcos, the first of six ore bodies in the Cerro Negro District Expansion 1 project.
Attributable gold production: Produced 1.3 million attributable ounces of gold and 58 thousand attributable gold equivalent ounces from co-products.
Financial strength: Ended the quarter with $3.2 billion of consolidated cash and $6.2 billion of total liquidity; declared a dividend of $0.40 per share in October 2023.
4

PART I—FINANCIAL INFORMATION
ITEM 1.       FINANCIAL STATEMENTS.
NEWMONT CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited, in millions except per share)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
Sales (Note 4)
$2,493 $2,634 $7,855 $8,715 
Costs and expenses:
Costs applicable to sales (1)
1,371 1,545 4,396 4,688 
Depreciation and amortization480 508 1,427 1,614 
Reclamation and remediation (Note 5)
166 53 298 163 
Exploration78 69 192 169 
Advanced projects, research and development53 80 132 169 
General and administrative70 73 215 210 
Other expense, net (Note 6)
37 11 86 68 
2,255 2,339 6,746 7,081 
Other income (expense):
Other income (loss), net (Note 7)
42 56 124 (128)
Interest expense, net of capitalized interest(48)(55)(162)(174)
(6)1 (38)(302)
Income (loss) before income and mining tax and other items232 296 1,071 1,332 
Income and mining tax benefit (expense) (Note 8)
(73)(96)(449)(343)
Equity income (loss) of affiliates (Note 11)
3 25 44 81 
Net income (loss) from continuing operations162 225 666 1,070 
Net income (loss) from discontinued operations1 (5)15 19 
Net income (loss)163 220 681 1,089 
Net loss (income) attributable to noncontrolling interests (Note 1)
(5)(7)(17)(41)
Net income (loss) attributable to Newmont stockholders$158 $213 $664 $1,048 
Net income (loss) attributable to Newmont stockholders:
Continuing operations$157 $218 $649 $1,029 
Discontinued operations1 (5)15 19 
$158 $213 $664 $1,048 
Weighted average common shares (millions):
Basic795794795793
Effect of employee stock-based awards112
Diluted796795795795
Net income (loss) attributable to Newmont stockholders per common share:
Basic:
Continuing operations$0.20 $0.28 $0.82 $1.30 
Discontinued operations (0.01)0.02 0.02 
$0.20 $0.27 $0.84 $1.32 
Diluted:
Continuing operations$0.20 $0.28 $0.82 $1.30 
Discontinued operations (0.01)0.02 0.02 
$0.20 $0.27 $0.84 $1.32 
____________________________
(1)Excludes Depreciation and amortization and Reclamation and remediation.
The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.
5

NEWMONT CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(unaudited, in millions)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
Net income (loss)$163 $220 $681 $1,089 
Other comprehensive income (loss):
Change in marketable securities, net of tax (1)(1)(3)
Foreign currency translation adjustments 
6 5 1 6 
Change in pension and other post-retirement benefits, net of tax(2)(1)(5)120 
Change in cash flow hedges, net of tax
(9)1 (16)3 
Other comprehensive income (loss)(5)4 (21)126 
Comprehensive income (loss)$158 $224 $660 $1,215 
Comprehensive income (loss) attributable to:
Newmont stockholders $153 $217 $643 $1,174 
Noncontrolling interests5 7 17 41 
$158 $224 $660 $1,215 
The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.
6

NEWMONT CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited, in millions)
At September 30,
2023
At December 31,
2022
ASSETS
Cash and cash equivalents$3,190 $2,877 
Time deposits and other investments (Note 11)
24 880 
Trade receivables (Note 4)
78 366 
Inventories (Note 12)
1,127 979 
Stockpiles and ore on leach pads (Note 13)
829 774 
Other current assets707 639 
Current assets5,955 6,515 
Property, plant and mine development, net24,474 24,073 
Investments (Note 11)
3,133 3,278 
Stockpiles and ore on leach pads (Note 13)
1,740 1,716 
Deferred income tax assets138 173 
Goodwill1,971 1,971 
Other non-current assets673 756 
Total assets$38,084 $38,482 
LIABILITIES
Accounts payable$651 $633 
Employee-related benefits 345 399 
Income and mining taxes payable143 199 
Lease and other financing obligations94 96 
Other current liabilities (Note 15)
1,575 1,599 
Current liabilities2,808 2,926 
Debt (Note 14)
5,575 5,571 
Lease and other financing obligations418 465 
Reclamation and remediation liabilities (Note 5)
6,714 6,578 
Deferred income tax liabilities1,696 1,809 
Employee-related benefits 397 342 
Silver streaming agreement787 828 
Other non-current liabilities (Note 15)
429 430 
Total liabilities18,824 18,949 
Commitments and contingencies (Note 18)
EQUITY
Common stock1,281 1,279 
Treasury stock(263)(239)
Additional paid-in capital17,425 17,369 
Accumulated other comprehensive income (loss) (Note 16)
8 29 
Retained earnings (accumulated deficit)623 916 
Newmont stockholders' equity19,074 19,354 
Noncontrolling interests186 179 
Total equity19,260 19,533 
Total liabilities and equity$38,084 $38,482 
The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.
7

NEWMONT CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited, in millions)
Nine Months Ended
September 30,
20232022
Operating activities:
Net income (loss)$681 $1,089 
Non-cash adjustments:
Depreciation and amortization1,427 1,614 
Net loss (income) from discontinued operations(15)(19)
Reclamation and remediation 287 149 
Stock-based compensation 58 57 
Change in fair value of investments (Note 7)
42 91 
(Gain) loss on asset and investment sales, net (Note 7)
(34)26 
Deferred income taxes(3)(145)
Charges from pension settlement (Note 7)
 130 
Other non-cash adjustments37 8 
Net change in operating assets and liabilities (Note 17)
(342)(812)
Net cash provided by (used in) operating activities of continuing operations2,138 2,188 
Net cash provided by (used in) operating activities of discontinued operations 9 22 
Net cash provided by (used in) operating activities2,147 2,210 
Investing activities:
Additions to property, plant and mine development (1,746)(1,485)
Proceeds from maturities of investments1,355  
Purchases of investments (545)(665)
Proceeds from asset and investment sales219 57 
Contributions to equity method investees(90)(152)
Return of investment from equity method investees30 52 
Other 24 (64)
Net cash provided by (used in) investing activities (753)(2,257)
Financing activities:
Dividends paid to common stockholders(954)(1,310)
Distributions to noncontrolling interests(107)(140)
Funding from noncontrolling interests107 89 
Payments on lease and other financing obligations(48)(50)
Payments for withholding of employee taxes related to stock-based compensation(24)(38)
Acquisition of noncontrolling interests (Note 1)
 (348)
Repayment of debt (89)
Other(39)9 
Net cash provided by (used in) financing activities(1,065)(1,877)
Effect of exchange rate changes on cash, cash equivalents and restricted cash(9)(29)
Net change in cash, cash equivalents and restricted cash320 (1,953)
Cash, cash equivalents and restricted cash at beginning of period 2,944 5,093 
Cash, cash equivalents and restricted cash at end of period $3,264 $3,140 
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents$3,190 $3,058 
Restricted cash included in Other current assets1 18 
Restricted cash included in Other non-current assets73 64 
Total cash, cash equivalents and restricted cash$3,264 $3,140 
The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.
8

NEWMONT CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
(unaudited, in millions)
Common StockTreasury StockAdditional
Paid-In
Capital
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings
(Accumulated
Deficit)
Noncontrolling
Interests
Total
Equity
SharesAmountSharesAmount
Balance at December 31, 2022799 $1,279 (6)$(239)$17,369 $29 $916 $179 $19,533 
Net income (loss)— — — — — — 351 12 363 
Other comprehensive income (loss) — — — — — (6)— — (6)
Dividends declared (1)
— — — — — — (319)— (319)
Distributions declared to noncontrolling interests— — — — — — — (40)(40)
Cash calls requested from noncontrolling interests— — — — — — — 31 31 
Withholding of employee taxes related to stock-based compensation— — (1)(22)— — — — (22)
Stock-based awards and related share issuances1 2 — — 17 — — — 19 
Balance at March 31, 2023800 $1,281 (7)$(261)$17,386 $23 $948 $182 $19,559 
Net income (loss)— — — — — — 155 — 155 
Other comprehensive income (loss) — — — — — (10)— — (10)
Dividends declared (1)
— — — — — — (318)— (318)
Distributions declared to noncontrolling interests— — — — — — — (26)(26)
Cash calls requested from noncontrolling interests— — — — — — — 34 34 
Stock-based awards and related share issuances— — — — 21 — — — 21 
Balance at June 30, 2023800 $1,281 (7)$(261)$17,407 $13 $785 $190 $19,415 
Net income (loss) — — — — — — 158 5 163 
Other comprehensive income (loss) — — — — — (5)— — (5)
Dividends declared (1)
— — — — — — (320)— (320)
Distributions declared to noncontrolling interests— — — — — — — (41)(41)
Cash calls requested from noncontrolling interests— — — — — — — 32 32 
Withholding of employee taxes related to stock-based compensation— — — (2)— — — — (2)
Stock-based awards and related share issuances1  — — 18 — — — 18 
Balance at September 30, 2023801 $1,281 (7)$(263)$17,425 $8 $623 $186 $19,260 
____________________________
(1)Cash dividends paid per common share were $0.40 and $1.20 for the three and nine months ended September 30, 2023, respectively.
The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.
9

NEWMONT CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
(unaudited, in millions)
Common StockTreasury StockAdditional
Paid-In
Capital
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings
(Accumulated
Deficit)
Noncontrolling
Interests
Total
Equity
Contingently
Redeemable
Noncontrolling
Interest
SharesAmountSharesAmount
Balance at December 31, 2021797 $1,276 (5)$(200)$17,981 $(133)$3,098 $(209)$21,813 $48 
Net income (loss)— — — — — — 448 21 469 — 
Other comprehensive income (loss)— — — — — 121 — — 121 — 
Dividends declared (1)
— — — — — — (439)— (439)— 
Distributions declared to noncontrolling interests— — — — — — — (59)(59)— 
Cash calls requested from noncontrolling interests— — — — — — — 30 30 — 
Withholding of employee taxes related to stock-based compensation— — (1)(36)— — — — (36)— 
Acquisition of noncontrolling interests (Note 1)
— — — — (699)— — 399 (300)— 
Reclassification of contingently redeemable noncontrolling interests (Note 1)
— — — — — — — — — (48)
Stock options exercised— — — — 14