nem-202406300001164727false2024Q2--12-31xbrli:sharesiso4217:USDiso4217:USDxbrli:sharesnem:plantxbrli:purenem:assetiso4217:USDutr:ozutr:ozutr:lbiso4217:USDutr:lbiso4217:AUDiso4217:CADnem:banknem:plaintiffnem:co-defendant00011647272024-01-012024-06-3000011647272024-07-1800011647272024-04-012024-06-3000011647272023-04-012023-06-3000011647272023-01-012023-06-3000011647272024-06-3000011647272023-12-3100011647272022-12-3100011647272023-06-300001164727nem:PortfolioOptimizationProgramMemberus-gaap:DiscontinuedOperationsHeldforsaleMember2024-06-300001164727nem:PortfolioOptimizationProgramMemberus-gaap:DiscontinuedOperationsHeldforsaleMember2024-01-012024-06-300001164727us-gaap:CommonStockMember2023-12-310001164727us-gaap:TreasuryStockCommonMember2023-12-310001164727us-gaap:AdditionalPaidInCapitalMember2023-12-310001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001164727us-gaap:RetainedEarningsMember2023-12-310001164727us-gaap:NoncontrollingInterestMember2023-12-310001164727us-gaap:RetainedEarningsMember2024-01-012024-03-310001164727us-gaap:NoncontrollingInterestMember2024-01-012024-03-3100011647272024-01-012024-03-310001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-03-310001164727us-gaap:TreasuryStockCommonMember2024-01-012024-03-310001164727us-gaap:CommonStockMember2024-01-012024-03-310001164727us-gaap:AdditionalPaidInCapitalMember2024-01-012024-03-310001164727us-gaap:CommonStockMember2024-03-310001164727us-gaap:TreasuryStockCommonMember2024-03-310001164727us-gaap:AdditionalPaidInCapitalMember2024-03-310001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-310001164727us-gaap:RetainedEarningsMember2024-03-310001164727us-gaap:NoncontrollingInterestMember2024-03-3100011647272024-03-310001164727us-gaap:RetainedEarningsMember2024-04-012024-06-300001164727us-gaap:NoncontrollingInterestMember2024-04-012024-06-300001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-012024-06-300001164727us-gaap:CommonStockMember2024-04-012024-06-300001164727us-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-300001164727us-gaap:CommonStockMember2024-06-300001164727us-gaap:TreasuryStockCommonMember2024-06-300001164727us-gaap:AdditionalPaidInCapitalMember2024-06-300001164727us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300001164727us-gaap:RetainedEarningsMember2024-06-300001164727us-gaap:NoncontrollingInterestMember2024-06-300001164727us-gaap:CommonStockMemberus-gaap:SubsequentEventMember2024-07-012024-07-310001164727us-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:RetainedEarningsMember2023-04-012023-06-300001164727us-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:NoncontrollingInterestMember2023-06-300001164727nem:NewcrestMiningLimitedMember2023-11-062023-11-060001164727us-gaap:VariableInterestEntityPrimaryBeneficiaryMembernem:MerianGoldProjectMember2024-04-012024-06-300001164727us-gaap:VariableInterestEntityPrimaryBeneficiaryMembernem:MerianGoldProjectMember2023-04-012023-06-300001164727us-gaap:VariableInterestEntityPrimaryBeneficiaryMembernem:MerianGoldProjectMember2024-01-012024-06-300001164727us-gaap:VariableInterestEntityPrimaryBeneficiaryMembernem:MerianGoldProjectMember2023-01-012023-06-300001164727nem:NewcrestMiningLimitedMember2023-11-060001164727nem:NewcrestMiningLimitedMember2024-06-300001164727nem:NewcrestMiningLimitedMember2024-01-012024-03-310001164727nem:NewcrestMiningLimitedMembernem:BrucejackMember2024-06-300001164727nem:NewcrestMiningLimitedMembernem:RedChrisMember2024-06-300001164727nem:NewcrestMiningLimitedMembernem:CadiaMember2024-06-300001164727nem:NewcrestMiningLimitedMembernem:LihirMember2024-06-300001164727nem:NewcrestMiningLimitedMember2024-04-012024-06-300001164727nem:NewcrestMiningLimitedMember2024-01-012024-06-300001164727nem:RedChrisMember2024-06-300001164727nem:NevadaGoldMinesMember2024-06-300001164727nem:BrucejackMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:GoldMemberus-gaap:OperatingSegmentsMembernem:RedChrisMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:CopperMembernem:RedChrisMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:RedChrisMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:GoldMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SilverMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:PenasquitoMemberus-gaap:OperatingSegmentsMembernem:LeadMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:PenasquitoMembernem:ZincMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:PenasquitoMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:MerianGoldProjectMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:CerroNegroMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:YanacochaMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:GoldMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:CopperMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:TanamiMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:GoldMembernem:CadiaMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:CadiaMemberus-gaap:OperatingSegmentsMembernem:CopperMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:CadiaMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:LihirMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:AhafoMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:NevadaGoldMinesMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:CorporateNonSegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:CrippleCreekAndVictorMineMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:MusselwhiteMember2024-04-012024-06-300001164727nem:PorcupineMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:EleonoreMember2024-04-012024-06-300001164727us-gaap:GoldMembernem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-04-012024-06-300001164727nem:TelferMemberus-gaap:OperatingSegmentsMembernem:CopperMemberus-gaap:SegmentDiscontinuedOperationsMember2024-04-012024-06-300001164727nem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-04-012024-06-300001164727nem:AkyemMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2023-04-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:MusselwhiteMember2023-04-012023-06-300001164727nem:PorcupineMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:EleonoreMember2023-04-012023-06-300001164727us-gaap:GoldMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:SilverMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:PenasquitoMemberus-gaap:OperatingSegmentsMembernem:LeadMember2023-04-012023-06-300001164727nem:PenasquitoMembernem:ZincMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:PenasquitoMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:MerianGoldProjectMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:CerroNegroMember2023-04-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:YanacochaMember2023-04-012023-06-300001164727us-gaap:GoldMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMember2023-04-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:CopperMembernem:BoddingtonMember2023-04-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:BoddingtonMember2023-04-012023-06-300001164727nem:TanamiMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:AhafoMember2023-04-012023-06-300001164727nem:AkyemMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:NevadaGoldMinesMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727us-gaap:CorporateNonSegmentMember2023-04-012023-06-300001164727nem:BrucejackMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:GoldMemberus-gaap:OperatingSegmentsMembernem:RedChrisMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:CopperMembernem:RedChrisMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:RedChrisMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:GoldMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SilverMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:PenasquitoMemberus-gaap:OperatingSegmentsMembernem:LeadMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:PenasquitoMembernem:ZincMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:PenasquitoMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:MerianGoldProjectMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:CerroNegroMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:YanacochaMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:GoldMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:CopperMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:TanamiMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:GoldMembernem:CadiaMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:CadiaMemberus-gaap:OperatingSegmentsMembernem:CopperMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:CadiaMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:LihirMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:AhafoMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:NevadaGoldMinesMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:CorporateNonSegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:CrippleCreekAndVictorMineMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:MusselwhiteMember2024-01-012024-06-300001164727nem:PorcupineMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:EleonoreMember2024-01-012024-06-300001164727us-gaap:GoldMembernem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-01-012024-06-300001164727nem:TelferMemberus-gaap:OperatingSegmentsMembernem:CopperMemberus-gaap:SegmentDiscontinuedOperationsMember2024-01-012024-06-300001164727nem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-01-012024-06-300001164727nem:AkyemMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2023-01-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:MusselwhiteMember2023-01-012023-06-300001164727nem:PorcupineMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:EleonoreMember2023-01-012023-06-300001164727us-gaap:GoldMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:SilverMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:PenasquitoMemberus-gaap:OperatingSegmentsMembernem:LeadMember2023-01-012023-06-300001164727nem:PenasquitoMembernem:ZincMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:PenasquitoMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:MerianGoldProjectMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:CerroNegroMember2023-01-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:YanacochaMember2023-01-012023-06-300001164727us-gaap:GoldMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMember2023-01-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:CopperMembernem:BoddingtonMember2023-01-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:BoddingtonMember2023-01-012023-06-300001164727nem:TanamiMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:AhafoMember2023-01-012023-06-300001164727nem:AkyemMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:NevadaGoldMinesMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727us-gaap:CorporateNonSegmentMember2023-01-012023-06-300001164727nem:PortfolioOptimizationProgramMemberus-gaap:DiscontinuedOperationsHeldforsaleMember2024-02-012024-02-290001164727nem:TelferMember2024-06-300001164727nem:PortfolioOptimizationProgramMemberus-gaap:DiscontinuedOperationsHeldforsaleMember2023-12-310001164727nem:PortfolioOptimizationProgramMemberus-gaap:DiscontinuedOperationsHeldforsaleMember2024-04-012024-06-300001164727nem:PortfolioOptimizationProgramMembernem:MeasurementInputShortTermGoldPriceMemberus-gaap:DiscontinuedOperationsHeldforsaleMemberus-gaap:IncomeApproachValuationTechniqueMember2024-06-300001164727nem:PortfolioOptimizationProgramMembernem:MeasurementInputLongTermGoldPriceMemberus-gaap:DiscontinuedOperationsHeldforsaleMemberus-gaap:IncomeApproachValuationTechniqueMember2024-06-300001164727nem:PortfolioOptimizationProgramMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:DiscontinuedOperationsHeldforsaleMemberus-gaap:IncomeApproachValuationTechniqueMember2024-06-300001164727srt:MaximumMembernem:PortfolioOptimizationProgramMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:DiscontinuedOperationsHeldforsaleMemberus-gaap:IncomeApproachValuationTechniqueMember2024-06-300001164727nem:PortfolioOptimizationProgramMemberus-gaap:OperatingSegmentsMemberus-gaap:DiscontinuedOperationsHeldforsaleMembernem:CrippleCreekAndVictorMineMember2024-06-300001164727nem:PortfolioOptimizationProgramMemberus-gaap:OperatingSegmentsMembernem:MusselwhiteMemberus-gaap:DiscontinuedOperationsHeldforsaleMember2024-06-300001164727nem:PortfolioOptimizationProgramMembernem:PorcupineMemberus-gaap:OperatingSegmentsMemberus-gaap:DiscontinuedOperationsHeldforsaleMember2024-06-300001164727nem:PortfolioOptimizationProgramMemberus-gaap:OperatingSegmentsMemberus-gaap:DiscontinuedOperationsHeldforsaleMembernem:EleonoreMember2024-06-300001164727nem:PortfolioOptimizationProgramMembernem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:DiscontinuedOperationsHeldforsaleMember2024-06-300001164727nem:AkyemMembernem:PortfolioOptimizationProgramMemberus-gaap:OperatingSegmentsMemberus-gaap:DiscontinuedOperationsHeldforsaleMember2024-06-300001164727nem:PortfolioOptimizationProgramMemberus-gaap:DiscontinuedOperationsHeldforsaleMemberus-gaap:CorporateNonSegmentMember2024-06-300001164727nem:GoldDoreMembernem:BrucejackMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:BrucejackMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMembernem:RedChrisMemberus-gaap:OperatingSegmentsMembernem:RedChrisGoldSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:RedChrisMemberus-gaap:OperatingSegmentsMembernem:RedChrisGoldSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:RedChrisMembernem:RedChrisGoldSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:RedChrisCopperSubsegmentMembernem:GoldDoreMembernem:RedChrisMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:RedChrisCopperSubsegmentMembernem:RedChrisMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:RedChrisCopperSubsegmentMemberus-gaap:OperatingSegmentsMembernem:RedChrisMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:RedChrisMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:RedChrisMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:PenasquitoGoldSubsegmentMembernem:PenasquitoMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoGoldSubsegmentMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:PenasquitoGoldSubsegmentMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:PenasquitoMembernem:GoldDoreMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:PenasquitoMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:PenasquitoMembernem:PenasquitoLeadSubsegmentMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMembernem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:PenasquitoMembernem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:PenasquitoMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:PenasquitoMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:PenasquitoMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMembernem:MerianGoldProjectMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:MerianGoldProjectMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:CerroNegroMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:CerroNegroMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:YanacochaMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:YanacochaMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMembernem:BoddingtonGoldSubsegmentMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonGoldSubsegmentMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMembernem:BoddingtonCopperSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMembernem:BoddingtonCopperSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:BoddingtonMembernem:BoddingtonCopperSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:TanamiMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TanamiMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMembernem:CadiaMemberus-gaap:OperatingSegmentsMembernem:CadiaGoldSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:CadiaMemberus-gaap:OperatingSegmentsMembernem:CadiaGoldSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:CadiaMemberus-gaap:OperatingSegmentsMembernem:CadiaGoldSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMembernem:CadiaMembernem:CadiaCopperSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:CadiaMembernem:CadiaCopperSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:CadiaMemberus-gaap:OperatingSegmentsMembernem:CadiaCopperSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMembernem:CadiaMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:CadiaMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:LihirMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:LihirMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:AhafoMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:AhafoMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:NevadaGoldMinesMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:NevadaGoldMinesMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:CrippleCreekAndVictorMineMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:CrippleCreekAndVictorMineMember2024-04-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:MusselwhiteMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:MusselwhiteMember2024-04-012024-06-300001164727nem:GoldDoreMembernem:PorcupineMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PorcupineMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:EleonoreMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:EleonoreMember2024-04-012024-06-300001164727nem:GoldDoreMembernem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:TelferGoldSubsegmentMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:TelferGoldSubsegmentMember2024-04-012024-06-300001164727nem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:TelferGoldSubsegmentMember2024-04-012024-06-300001164727nem:GoldDoreMembernem:TelferMembernem:TelferCopperSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TelferMembernem:TelferCopperSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-04-012024-06-300001164727nem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:TelferCopperSubsegmentMember2024-04-012024-06-300001164727nem:GoldDoreMembernem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-04-012024-06-300001164727nem:AkyemMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:AkyemMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-04-012024-06-300001164727nem:GoldDoreMember2024-04-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMember2024-04-012024-06-300001164727nem:PenasquitoMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMembernem:SilverStreamingAgreementMember2024-04-012024-06-300001164727nem:NevadaGoldMinesMembersrt:ConsolidationEliminationsMember2024-04-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2023-04-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:MusselwhiteMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:MusselwhiteMember2023-04-012023-06-300001164727nem:GoldDoreMembernem:PorcupineMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PorcupineMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:EleonoreMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:EleonoreMember2023-04-012023-06-300001164727nem:PenasquitoGoldSubsegmentMembernem:PenasquitoMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoGoldSubsegmentMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:PenasquitoGoldSubsegmentMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:PenasquitoMembernem:GoldDoreMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:PenasquitoMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:PenasquitoMembernem:PenasquitoLeadSubsegmentMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMembernem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:PenasquitoMembernem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:PenasquitoMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMember2023-04-012023-06-300001164727nem:PenasquitoMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMember2023-04-012023-06-300001164727nem:PenasquitoMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:GoldDoreMembernem:MerianGoldProjectMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:MerianGoldProjectMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:CerroNegroMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:CerroNegroMember2023-04-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:YanacochaMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:YanacochaMember2023-04-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMembernem:BoddingtonMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMembernem:BoddingtonMember2023-04-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMembernem:BoddingtonMember2023-04-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMembernem:BoddingtonCopperSubsegmentMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMembernem:BoddingtonCopperSubsegmentMember2023-04-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:BoddingtonMembernem:BoddingtonCopperSubsegmentMember2023-04-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMember2023-04-012023-06-300001164727nem:TanamiMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TanamiMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:AhafoMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:AhafoMember2023-04-012023-06-300001164727nem:AkyemMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:AkyemMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:NevadaGoldMinesMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:NevadaGoldMinesMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001164727nem:GoldDoreMember2023-04-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMember2023-04-012023-06-300001164727nem:PenasquitoMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMembernem:SilverStreamingAgreementMember2023-04-012023-06-300001164727nem:NevadaGoldMinesMembersrt:ConsolidationEliminationsMember2023-04-012023-06-300001164727nem:GoldDoreMembernem:BrucejackMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:BrucejackMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMembernem:RedChrisMemberus-gaap:OperatingSegmentsMembernem:RedChrisGoldSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:RedChrisMemberus-gaap:OperatingSegmentsMembernem:RedChrisGoldSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:RedChrisMembernem:RedChrisGoldSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:RedChrisCopperSubsegmentMembernem:GoldDoreMembernem:RedChrisMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:RedChrisCopperSubsegmentMembernem:RedChrisMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:RedChrisCopperSubsegmentMemberus-gaap:OperatingSegmentsMembernem:RedChrisMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:RedChrisMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:RedChrisMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:PenasquitoGoldSubsegmentMembernem:PenasquitoMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoGoldSubsegmentMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:PenasquitoGoldSubsegmentMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:PenasquitoMembernem:GoldDoreMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:PenasquitoMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:PenasquitoMembernem:PenasquitoLeadSubsegmentMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMembernem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:PenasquitoMembernem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:PenasquitoMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:PenasquitoMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:PenasquitoMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMembernem:MerianGoldProjectMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:MerianGoldProjectMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:CerroNegroMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:CerroNegroMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:YanacochaMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:YanacochaMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMembernem:BoddingtonGoldSubsegmentMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:BoddingtonGoldSubsegmentMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMembernem:BoddingtonCopperSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMembernem:BoddingtonCopperSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727us-gaap:OperatingSegmentsMembernem:BoddingtonMembernem:BoddingtonCopperSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:TanamiMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TanamiMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMembernem:CadiaMemberus-gaap:OperatingSegmentsMembernem:CadiaGoldSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:CadiaMemberus-gaap:OperatingSegmentsMembernem:CadiaGoldSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:CadiaMemberus-gaap:OperatingSegmentsMembernem:CadiaGoldSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMembernem:CadiaMembernem:CadiaCopperSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:CadiaMembernem:CadiaCopperSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:CadiaMemberus-gaap:OperatingSegmentsMembernem:CadiaCopperSubsegmentMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMembernem:CadiaMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:CadiaMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:LihirMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:LihirMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:AhafoMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:AhafoMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:NevadaGoldMinesMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:NevadaGoldMinesMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentContinuingOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:CrippleCreekAndVictorMineMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:CrippleCreekAndVictorMineMember2024-01-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:MusselwhiteMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:MusselwhiteMember2024-01-012024-06-300001164727nem:GoldDoreMembernem:PorcupineMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PorcupineMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:EleonoreMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:EleonoreMember2024-01-012024-06-300001164727nem:GoldDoreMembernem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:TelferGoldSubsegmentMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:TelferGoldSubsegmentMember2024-01-012024-06-300001164727nem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:TelferGoldSubsegmentMember2024-01-012024-06-300001164727nem:GoldDoreMembernem:TelferMembernem:TelferCopperSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TelferMembernem:TelferCopperSubsegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-01-012024-06-300001164727nem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMembernem:TelferCopperSubsegmentMember2024-01-012024-06-300001164727nem:GoldDoreMembernem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TelferMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-01-012024-06-300001164727nem:AkyemMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:AkyemMemberus-gaap:OperatingSegmentsMemberus-gaap:SegmentDiscontinuedOperationsMember2024-01-012024-06-300001164727nem:GoldDoreMember2024-01-012024-06-300001164727nem:SalesFromConcentrateAndOtherProductionMember2024-01-012024-06-300001164727nem:PenasquitoMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMembernem:SilverStreamingAgreementMember2024-01-012024-06-300001164727nem:NevadaGoldMinesMembersrt:ConsolidationEliminationsMember2024-01-012024-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:CrippleCreekAndVictorMineMember2023-01-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:MusselwhiteMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:MusselwhiteMember2023-01-012023-06-300001164727nem:GoldDoreMembernem:PorcupineMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PorcupineMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:EleonoreMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:EleonoreMember2023-01-012023-06-300001164727nem:PenasquitoGoldSubsegmentMembernem:PenasquitoMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoGoldSubsegmentMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:PenasquitoGoldSubsegmentMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:PenasquitoMembernem:GoldDoreMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:PenasquitoMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:PenasquitoMembernem:PenasquitoLeadSubsegmentMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMembernem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:PenasquitoMembernem:PenasquitoLeadSubsegmentMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:PenasquitoMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMember2023-01-012023-06-300001164727nem:PenasquitoMemberus-gaap:OperatingSegmentsMembernem:PenasquitoZincSubsegmentMember2023-01-012023-06-300001164727nem:PenasquitoMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:PenasquitoMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:GoldDoreMembernem:MerianGoldProjectMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:MerianGoldProjectMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:CerroNegroMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:CerroNegroMember2023-01-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:YanacochaMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:YanacochaMember2023-01-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMembernem:BoddingtonMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMembernem:BoddingtonMember2023-01-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:BoddingtonGoldSubsegmentMembernem:BoddingtonMember2023-01-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMembernem:BoddingtonCopperSubsegmentMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMembernem:BoddingtonCopperSubsegmentMember2023-01-012023-06-300001164727us-gaap:OperatingSegmentsMembernem:BoddingtonMembernem:BoddingtonCopperSubsegmentMember2023-01-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:BoddingtonMember2023-01-012023-06-300001164727nem:TanamiMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:TanamiMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:GoldDoreMemberus-gaap:OperatingSegmentsMembernem:AhafoMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMemberus-gaap:OperatingSegmentsMembernem:AhafoMember2023-01-012023-06-300001164727nem:AkyemMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:AkyemMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:NevadaGoldMinesMembernem:GoldDoreMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMembernem:NevadaGoldMinesMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001164727nem:GoldDoreMember2023-01-012023-06-300001164727nem:SalesFromConcentrateAndOtherProductionMember2023-01-012023-06-300001164727nem:PenasquitoMembernem:PenasquitoSilverSubsegmentMemberus-gaap:OperatingSegmentsMembernem:SilverStreamingAgreementMember2023-01-012023-06-300001164727nem:NevadaGoldMinesMembersrt:ConsolidationEliminationsMember2023-01-012023-06-300001164727us-gaap:GoldMember2024-06-300001164727nem:CopperMember2024-06-300001164727nem:SilverMember2024-06-300001164727nem:LeadMember2024-06-300001164727nem:ZincMember2024-06-300001164727nem:MolybdenumMember2024-06-300001164727us-gaap:EnvironmentalRemediationMember2024-01-012024-06-300001164727us-gaap:EnvironmentalRemediationMember2023-01-012023-06-300001164727nem:MineraYanacochaMember2024-06-300001164727nem:MineraYanacochaMember2023-12-310001164727us-gaap:OtherNoncurrentAssetsMember2024-06-300001164727us-gaap:OtherNoncurrentAssetsMember2023-12-310001164727us-gaap:EquitySecuritiesMemberus-gaap:OtherNoncurrentAssetsMembernem:YanacochaMember2024-06-300001164727us-gaap:EquitySecuritiesMemberus-gaap:OtherNoncurrentAssetsMembernem:YanacochaMember2023-12-310001164727us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember2024-04-012024-06-300001164727us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember2023-04-012023-06-300001164727us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember2024-01-012024-06-300001164727us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember2023-01-012023-06-300001164727us-gaap:SeniorNotesMember2024-06-012024-06-300001164727us-gaap:InterestRateContractMember2024-04-012024-06-300001164727us-gaap:InterestRateContractMember2024-01-012024-06-300001164727nem:AhafoMember2024-01-012024-06-300001164727nem:StreamCreditFacilityAgreementMemberus-gaap:NondesignatedMember2024-01-012024-06-300001164727nem:StreamCreditFacilityAgreementMemberus-gaap:NondesignatedMember2024-04-012024-06-300001164727nem:MaverixMember2023-06-300001164727nem:TripleFlagMember2023-06-300001164727nem:MaverixMember2023-01-012023-06-300001164727us-gaap:FairValueMeasurementsRecurringMember2024-06-300001164727us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-06-300001164727us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-06-300001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001164727us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001164727us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001164727us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-06-300001164727us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001164727us-gaap:DebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001164727us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001164727us-gaap:DebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-06-300001164727us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001164727us-gaap:FairValueMeasurementsRecurringMember2023-12-310001164727us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001164727us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-12-310001164727us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-12-310001164727nem:ProvisionalCopperAndGoldConcentrateTradeReceivablesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001164727us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001164727us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001164727us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-12-310001164727us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001164727us-gaap:DebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001164727us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001164727us-gaap:DebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-12-310001164727us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001164727nem:PortfolioOptimizationProgramMemberus-gaap:DiscontinuedOperationsHeldforsaleMember2024-03-310001164727nem:PortfolioOptimizationProgramMemberus-gaap:DiscontinuedOperationsHeldforsaleMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001164727nem:PortfolioOptimizationProgramMemberus-gaap:DiscontinuedOperationsHeldforsaleMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001164727us-gaap:CarryingReportedAmountFairValueDisclosureMember2024-06-300001164727us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-310001164727nem:PortfolioOptimizationProgramMemberus-gaap:DiscontinuedOperationsHeldforsaleMember2024-01-012024-03-310001164727us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueInputsLevel3Member2024-06-300001164727srt:MinimumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputCommodityForwardPriceMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueInputsLevel3Member2024-06-300001164727srt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputCommodityForwardPriceMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueInputsLevel3Member2024-06-300001164727srt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputCommodityForwardPriceMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueInputsLevel3Member2024-06-300001164727us-gaap:FairValueInputsLevel3Member2024-06-300001164727nem:MonteCarloMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Member2024-06-300001164727srt:MaximumMembernem:MonteCarloMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Member2024-06-300001164727nem:MonteCarloMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Member2024-06-300001164727srt:MinimumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Member2024-06-300001164727srt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Member2024-06-300001164727srt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Member2024-06-300001164727us-gaap:FairValueInputsLevel3Member2023-12-310001164727srt:MinimumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Member2023-12-310001164727srt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Member2023-12-310001164727srt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Member2023-12-310001164727nem:MonteCarloMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Member2023-12-310001164727srt:MaximumMembernem:MonteCarloMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Member2023-12-310001164727nem:MonteCarloMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Member2023-12-310001164727nem:NonContingentConsiderationDerivativeMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-06-300001164727nem:NonContingentConsiderationDerivativeMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-06-300001164727nem:ContingentConsiderationAssetMember2023-12-310001164727nem:ContingentConsiderationLiabilityMember2023-12-310001164727nem:ContingentConsiderationAssetMember2024-01-012024-06-300001164727nem:ContingentConsiderationLiabilityMember2024-01-012024-06-300001164727nem:ContingentConsiderationAssetMember2024-06-300001164727nem:ContingentConsiderationLiabilityMember2024-06-300001164727nem:ContingentConsiderationAssetMember2022-12-310001164727nem:ContingentConsiderationLiabilityMember2022-12-310001164727nem:ContingentConsiderationAssetMember2023-01-012023-06-300001164727nem:ContingentConsiderationLiabilityMember2023-01-012023-06-300001164727nem:ContingentConsiderationAssetMember2023-06-300001164727nem:ContingentConsiderationLiabilityMember2023-06-300001164727us-gaap:OtherNonoperatingIncomeExpenseMember2024-01-012024-06-300001164727us-gaap:OtherComprehensiveIncomeMember2024-01-012024-06-300001164727nem:IncomeLossFromDiscontinuedOperationsMember2024-01-012024-06-300001164727us-gaap:OtherNonoperatingIncomeExpenseMember2023-01-012023-06-300001164727nem:IncomeLossFromDiscontinuedOperationsMember2023-01-012023-06-300001164727nem:NonContingentConsiderationDerivativeMemberus-gaap:NondesignatedMember2024-06-300001164727nem:NonContingentConsiderationDerivativeMemberus-gaap:NondesignatedMember2023-12-310001164727us-gaap:NondesignatedMembernem:ContingentConsiderationDerivativeMember2024-06-300001164727us-gaap:NondesignatedMembernem:ContingentConsiderationDerivativeMember2023-12-310001164727nem:NonContingentConsiderationDerivativeMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-12-310001164727nem:NonContingentConsiderationDerivativeMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-12-310001164727us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembernem:ContingentConsiderationDerivativeMember2024-06-300001164727us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembernem:ContingentConsiderationDerivativeMember2023-12-310001164727us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-06-300001164727us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-12-310001164727nem:LundinGoldIncMember2024-06-300001164727nem:StreamCreditFacilityAgreementMemberus-gaap:NondesignatedMember2023-12-310001164727nem:StreamCreditFacilityAgreementMemberus-gaap:NondesignatedMemberus-gaap:OtherCurrentAssetsMember2023-12-310001164727nem:StreamCreditFacilityAgreementMemberus-gaap:NondesignatedMemberus-gaap:OtherNoncurrentAssetsMember2023-12-310001164727nem:StreamCreditFacilityAgreementMemberus-gaap:NondesignatedMember2024-06-300001164727nem:StreamCreditFacilityAgreementMemberus-gaap:NondesignatedMember2024-06-012024-06-300001164727nem:StreamCreditFacilityAgreementMemberus-gaap:NondesignatedMembersrt:ScenarioForecastMember2024-07-012024-09-300001164727us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembernem:ForeignExchangeForwardCadiaBlockCavesAndCadiaTailsMember2024-06-300001164727nem:ForeignExchangeForwardOperatingMineCapitalExpendituresMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-06-3000011647272022-10-310001164727nem:CadiaPowerPurchaseAgreementMemberus-gaap:NondesignatedMember2024-01-012024-01-010001164727nem:CadiaPowerPurchaseAgreementMemberus-gaap:NondesignatedMember2024-01-010001164727us-gaap:CashFlowHedgingMembernem:ForeignCurrencyCashFlowHedgesMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-06-300001164727us-gaap:CashFlowHedgingMembernem:ForeignCurrencyCashFlowHedgesMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-12-310001164727nem:CadiaPowerPurchaseAgreementMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-06-300001164727nem:CadiaPowerPurchaseAgreementMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-12-310001164727us-gaap:InterestRateContractMember2023-04-012023-06-300001164727us-gaap:InterestRateContractMember2023-01-012023-06-300001164727us-gaap:ForeignExchangeContractMember2024-04-012024-06-300001164727us-gaap:ForeignExchangeContractMember2023-04-012023-06-300001164727us-gaap:ForeignExchangeContractMember2024-01-012024-06-300001164727us-gaap:ForeignExchangeContractMember2023-01-012023-06-300001164727nem:BatuHijauAndElangMember2024-06-300001164727nem:BatuHijauAndElangMember2023-12-310001164727nem:RedLakeMember2024-06-300001164727nem:RedLakeMember2023-12-310001164727nem:CerroBlancoMember2024-06-300001164727nem:CerroBlancoMember2023-12-310001164727nem:TripleFlagPreviouslyMaverixMember2024-06-300001164727nem:TripleFlagPreviouslyMaverixMember2023-12-310001164727nem:OtherCounterpartyMember2024-06-300001164727nem:OtherCounterpartyMember2023-12-310001164727nem:NorteAbiertoMember2024-06-300001164727nem:NorteAbiertoMember2023-12-310001164727nem:RedChrisMember2024-06-300001164727nem:RedChrisMember2023-12-310001164727nem:GaloreCreekMember2024-06-300001164727nem:GaloreCreekMember2023-12-310001164727nem:BatuHijauAndElangMemberus-gaap:OtherCurrentAssetsMember2024-06-300001164727nem:BatuHijauAndElangMemberus-gaap:OtherNoncurrentAssetsMember2024-06-300001164727nem:BatuHijauAndElangMemberus-gaap:OtherCurrentAssetsMember2023-12-310001164727nem:BatuHijauAndElangMemberus-gaap:OtherNoncurrentAssetsMember2023-12-310001164727nem:BatuHijauAndElangMemberus-gaap:SubsequentEventMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2024-07-012024-07-310001164727nem:InvestmentsCurrentMember2024-06-300001164727nem:InvestmentsCurrentMember2023-12-310001164727nem:InvestmentsNoncurrentMember2024-06-300001164727nem:InvestmentsNoncurrentMember2023-12-310001164727nem:PuebloViejoMineMember2024-06-300001164727nem:PuebloViejoMineMembernem:InvestmentsNoncurrentMember2024-06-300001164727nem:PuebloViejoMineMembernem:InvestmentsNoncurrentMember2023-12-310001164727nem:NuevaUnionProjectMember2024-06-300001164727nem:NuevaUnionProjectMembernem:InvestmentsNoncurrentMember2024-06-300001164727nem:NuevaUnionProjectMembernem:InvestmentsNoncurrentMember2023-12-310001164727nem:LundinGoldIncMember2023-12-310001164727nem:LundinGoldIncMembernem:InvestmentsNoncurrentMember2024-06-300001164727nem:LundinGoldIncMembernem:InvestmentsNoncurrentMember2023-12-310001164727nem:NorteAbiertoProjectMember2024-06-300001164727nem:NorteAbiertoProjectMembernem:InvestmentsNoncurrentMember2024-06-300001164727nem:NorteAbiertoProjectMembernem:InvestmentsNoncurrentMember2023-12-310001164727us-gaap:DebtSecuritiesMember2024-06-300001164727us-gaap:DebtSecuritiesMember2023-12-310001164727nem:PuebloViejoMineMember2024-04-012024-06-300001164727nem:PuebloViejoMineMember2023-04-012023-06-300001164727nem:PuebloViejoMineMember2024-01-012024-06-300001164727nem:PuebloViejoMineMember2023-01-012023-06-300001164727nem:PuebloViejoMineMember2023-12-310001164727nem:PuebloViejoRevolvingFacilityMember2024-06-300001164727us-gaap:RelatedPartyMembernem:PuebloViejoMineMember2024-06-300001164727us-gaap:RelatedPartyMembernem:PuebloViejoMineMember2023-12-310001164727nem:LundinGoldIncMember2024-04-012024-06-300001164727nem:LundinGoldIncMember2024-01-012024-06-300001164727nem:LundinGoldIncMemberus-gaap:RelatedPartyMember2024-06-300001164727nem:LundinGoldIncMemberus-gaap:RelatedPartyMember2023-12-310001164727nem:StockpilesMember2024-06-300001164727nem:OreOnLeachPadsMember2024-06-300001164727nem:StockpilesMember2023-12-310001164727nem:OreOnLeachPadsMember2023-12-310001164727nem:BilateralBankDebtFacilitiesMember2024-06-300001164727nem:BilateralBankDebtFacilitiesMember2023-12-310001164727nem:BilateralBankFacilityDueFebruary2024Member2023-12-310001164727nem:BilateralBankFacilityDueMarch2024Member2023-12-310001164727nem:BilateralBankFacilityDueMarch2026Member2023-12-310001164727nem:BilateralBankDebtFacilitiesMember2024-02-072024-02-070001164727nem:CorporateRevolvingCreditFacilityMember2019-04-040001164727nem:CorporateRevolvingCreditFacilityMember2024-02-150001164727nem:CorporateRevolvingCreditFacilityMember2024-02-200001164727nem:BilateralBankDebtFacilitiesMember2024-02-202024-02-200001164727nem:March2024SeniorNotesMemberus-gaap:SeniorNotesMember2024-03-070001164727nem:A2026SeniorNotesMemberus-gaap:SeniorNotesMember2024-03-070001164727nem:A2034SeniorNotesMemberus-gaap:SeniorNotesMember2024-03-070001164727nem:March2024SeniorNotesMemberus-gaap:SeniorNotesMember2024-03-072024-03-070001164727us-gaap:SeniorNotesMember2024-06-300001164727nem:A2026SeniorNotesMemberus-gaap:SeniorNotesMember2024-06-012024-06-300001164727nem:A2026SeniorNotesMemberus-gaap:SeniorNotesMember2024-06-300001164727nem:October2029SeniorNotesMemberus-gaap:SeniorNotesMember2019-09-300001164727nem:October2029SeniorNotesMemberus-gaap:SeniorNotesMember2024-06-012024-06-300001164727nem:October2029SeniorNotesMemberus-gaap:SeniorNotesMember2024-06-300001164727nem:May2030SeniorNotesMemberus-gaap:SeniorNotesMember2023-12-260001164727nem:May2030SeniorNotesMemberus-gaap:SeniorNotesMember2024-06-012024-06-300001164727nem:May2030SeniorNotesMemberus-gaap:SeniorNotesMember2024-06-300001164727nem:October2030SeniorNotesMemberus-gaap:SeniorNotesMember2020-03-010001164727nem:October2030SeniorNotesMemberus-gaap:SeniorNotesMember2024-06-012024-06-300001164727nem:October2030SeniorNotesMemberus-gaap:SeniorNotesMember2024-06-300001164727nem:July2032SeniorNotesMemberus-gaap:SeniorNotesMember2021-12-310001164727nem:July2032SeniorNotesMemberus-gaap:SeniorNotesMember2024-06-012024-06-300001164727nem:July2032SeniorNotesMemberus-gaap:SeniorNotesMember2024-06-300001164727nem:March2042SeniorNotesMemberus-gaap:SeniorNotesMember2012-03-310001164727nem:March2042SeniorNotesMemberus-gaap:SeniorNotesMember2024-06-012024-06-300001164727nem:March2042SeniorNotesMemberus-gaap:SeniorNotesMember2024-06-300001164727nem:NevadaGoldMinesMember2024-06-300001164727nem:NevadaGoldMinesMember2023-12-310001164727nem:NewcrestMiningLimitedMember2023-12-310001164727nem:BarrickGoldCorporationMembernem:NevadaGoldMinesMember2023-12-310001164727nem:BarrickGoldCorporationMembernem:NevadaGoldMinesMember2024-06-300001164727nem:NevadaGoldMinesMember2023-12-310001164727us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2023-12-310001164727us-gaap:AociEquityMethodInvestmentIncludingNoncontrollingInterestMember2023-12-310001164727us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-12-310001164727us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-12-310001164727us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2023-12-310001164727us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2023-12-310001164727us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2024-01-012024-06-300001164727us-gaap:AociEquityMethodInvestmentIncludingNoncontrollingInterestMember2024-01-012024-06-300001164727us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2024-01-012024-06-300001164727us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2024-01-012024-06-300001164727us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2024-01-012024-06-300001164727us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2024-06-300001164727us-gaap:AociEquityMethodInvestmentIncludingNoncontrollingInterestMember2024-06-300001164727us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2024-06-300001164727us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2024-06-300001164727us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2024-06-300001164727us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2024-06-300001164727nem:CrippleCreekAndVictorMineMember2024-06-300001164727nem:CrippleCreekAndVictorMineMember2022-12-310001164727nem:DawnMiningCompanyMember2024-06-300001164727nem:MidniteMineAndDawnMillSitesMember2024-06-300001164727nem:GoldcorpMember2024-06-300001164727nem:PorcupineMember2023-01-012023-12-310001164727nem:CadiaMember2024-06-300001164727nem:NewmontCorporationNewmontCanadaCorporationAndNewmontCanadaFNHoldingsULCMember2024-06-300001164727us-gaap:UseRightsMembernem:HoltOptionMember2020-08-012020-08-310001164727nem:KirklandRoyaltyMatterMemberus-gaap:PendingLitigationMember2021-08-162021-08-160001164727nem:NewWestGoldCorporationMembernem:NWGInvestmentsIncMember2007-09-300001164727us-gaap:MajorityShareholderMembernem:NWGInvestmentsIncMember2007-09-300001164727nem:AuroraEnergyResourcesIncMembernem:FronteerGoldIncMember2007-09-300001164727us-gaap:PendingLitigationMemberstpr:CA-NL2008-04-082008-04-080001164727us-gaap:PendingLitigationMembernem:NwgSummonsAndComplaintNewYorkCaseMember2012-09-242012-09-240001164727us-gaap:PendingLitigationMembernem:NwgLawsuitOntarioSuperiorCourtOfJusticeMember2014-02-262014-02-260001164727nem:NwgLawsuitOntarioSuperiorCourtOfJusticeMember2024-01-092024-01-090001164727nem:NwgLawsuitOntarioSuperiorCourtOfJusticeMember2024-04-292024-04-290001164727nem:NewmontGhanaGoldLimitedAndNewmontGoldenRidgeLimitedMember2024-06-300001164727nem:GhanaParliamentCasesMember2018-12-242018-12-240001164727nem:PeterTothMember2024-04-012024-06-300001164727nem:PeterTothMember2024-06-30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
(Mark One)
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended June 30, 2024
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 CORPORATION
(Exact name of registrant as specified in its charter) | | | | | | | | |
| | |
Delaware | | 84-1611629 |
(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 class | | Trading Symbol | | Name of each exchange on which registered |
Common stock, par value $1.60 per share | | NEM | | New 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 1,147,429,288 shares of common stock outstanding on July 18, 2024.
GLOSSARY: UNITS OF MEASURE AND ABBREVIATIONS | | | | | | | | |
Unit | | Unit of Measure |
$ | | United States Dollar |
% | | Percent |
A$ | | Australian Dollar |
C$ | | Canadian Dollar |
gram | | Metric Gram |
ounce | | Troy Ounce |
pound | | United States Pound |
tonne | | Metric Ton |
| | | | | | | | |
Abbreviation | | Description |
AISC (1) | | All-In Sustaining Costs |
ARC | | Asset Retirement Cost |
| | |
ASC | | FASB Accounting Standard Codification |
ASU | | FASB Accounting Standard Update |
AUD | | Australian Dollar |
CAD | | Canadian Dollar |
CAS | | Costs Applicable to Sales |
DTA | | Deferred tax asset |
DTL | | Deferred tax liability |
EBITDA (1) | | Earnings Before Interest, Taxes, Depreciation and Amortization |
EIA | | Environmental Impact Assessment |
EPA | | U.S. Environmental Protection Agency |
ESG | | Environmental, Social and Governance |
Exchange Act | | U.S. Securities Exchange Act of 1934 |
FASB | | Financial 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 |
GITSM | | Global Industry Standard on Tailings Management |
IASB | | International Accounting Standards Board |
IFRS | | International 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 |
MINAM | | Ministry of the Environment of Peru |
Mine Act | | U.S. Federal Mine Safety and Health Act of 1977 |
MINEM | | Ministry of Energy and Mines of Peru |
MSHA | | Federal Mine Safety and Health Administration |
MXN | | Mexican Peso |
NPDES | | National Pollutant Discharge Elimination System |
SEC | | U.S. Securities and Exchange Commission |
Securities Act | | U.S. Securities Act of 1933 |
SOFR | | Secured Overnight Financing Rate |
U.S. | | The United States of America |
USD | | United States Dollar |
WTP | | Water 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.
NEWMONT CORPORATION
SECOND QUARTER 2024 RESULTS AND HIGHLIGHTS
(unaudited, in millions, except per share, per ounce and per pound)
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended June 30, | | Six Months Ended June 30, |
| 2024 | | 2023 | | 2024 | | 2023 |
Financial Results: | | | | | | | |
Sales | $ | 4,402 | | | $ | 2,683 | | | $ | 8,425 | | | $ | 5,362 | |
Gold | $ | 3,623 | | | $ | 2,380 | | | $ | 6,964 | | | $ | 4,683 | |
Copper | $ | 377 | | | $ | 82 | | | $ | 674 | | | $ | 192 | |
Silver | $ | 209 | | | $ | 124 | | | $ | 410 | | | $ | 241 | |
Lead | $ | 44 | | | $ | 32 | | | $ | 104 | | | $ | 64 | |
Zinc | $ | 149 | | | $ | 65 | | | $ | 273 | | | $ | 182 | |
Costs applicable to sales (1) | $ | 2,156 | | | $ | 1,543 | | | $ | 4,262 | | | $ | 3,025 | |
Gold | $ | 1,777 | | | $ | 1,277 | | | $ | 3,467 | | | $ | 2,516 | |
Copper | $ | 161 | | | $ | 48 | | | $ | 322 | | | $ | 101 | |
Silver | $ | 96 | | | $ | 95 | | | $ | 207 | | | $ | 177 | |
Lead | $ | 26 | | | $ | 33 | | | $ | 62 | | | $ | 55 | |
Zinc | $ | 96 | | | $ | 90 | | | $ | 204 | | | $ | 176 | |
Net income (loss) from continuing operations | $ | 842 | | | $ | 153 | | | $ | 1,017 | | | $ | 504 | |
Net income (loss) | $ | 857 | | | $ | 155 | | | $ | 1,036 | | | $ | 518 | |
Net income (loss) from continuing operations attributable to Newmont stockholders | $ | 838 | | | $ | 153 | | | $ | 1,004 | | | $ | 492 | |
Per common share, diluted: | | | | | | | |
Net income (loss) from continuing operations attributable to Newmont stockholders | $ | 0.73 | | | $ | 0.19 | | | $ | 0.87 | | | $ | 0.62 | |
Net income (loss) attributable to Newmont stockholders | $ | 0.74 | | | $ | 0.19 | | | $ | 0.89 | | | $ | 0.64 | |
Adjusted net income (loss) (2) | $ | 834 | | | $ | 266 | | | $ | 1,464 | | | $ | 586 | |
Adjusted net income (loss) per share, diluted (2) | $ | 0.72 | | | $ | 0.33 | | | $ | 1.27 | | | $ | 0.74 | |
Earnings before interest, taxes and depreciation and amortization (2) | $ | 1,741 | | | $ | 835 | | | $ | 2,916 | | | $ | 1,900 | |
Adjusted earnings before interest, taxes and depreciation and amortization (2) | $ | 1,966 | | | $ | 910 | | | $ | 3,660 | | | $ | 1,900 | |
Net cash provided by (used in) operating activities of continuing operations | | | | | $ | 2,170 | | | $ | 1,137 | |
Free cash flow (2) | | | | | $ | 520 | | | $ | (5) | |
Cash dividends paid per common share in the period ended June 30, | $ | 0.25 | | | $ | 0.40 | | | $ | 0.50 | | | $ | 0.80 | |
Cash dividends declared per common share for the period ended June 30, | $ | 0.25 | | | $ | 0.40 | | | $ | 0.50 | | | $ | 0.80 | |
| | | | | | | |
____________________________
(1)Excludes Depreciation and amortization and Reclamation and remediation.
(2)Refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A.
NEWMONT CORPORATION
SECOND QUARTER 2024 RESULTS AND HIGHLIGHTS
(unaudited, in millions, except per share, per ounce and per pound)
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended June 30, | | Six Months Ended June 30, |
| 2024 | | 2023 | | 2024 | | 2023 |
Operating Results: | | | | | | | |
Consolidated gold ounces (thousands): | | | | | | | |
Produced | 1,534 | | | 1,203 | | | 3,153 | | | 2,436 | |
Sold | 1,543 | | | 1,211 | | | 3,142 | | | 2,419 | |
Attributable gold ounces (thousands): | | | | | | | |
Produced (1) | 1,607 | | | 1,240 | | | 3,282 | | | 2,513 | |
Sold (2) | 1,528 | | | 1,197 | | | 3,109 | | | 2,385 | |
Consolidated and attributable gold equivalent ounces - other metals (thousands):(3) | | | | | | | |
Produced | 477 | | | 256 | | | 966 | | | 544 | |
Sold | 453 | | | 251 | | | 955 | | | 516 | |
Consolidated and attributable - other metals: | | | | | | | |
Produced copper: | | | | | | | |
Pounds (millions) | 83 | | | 26 | | | 164 | | | 52 | |
Tonnes (thousands) | 38 | | | 12 | | | 74 | | | 24 | |
Sold copper: | | | | | | | |
Pounds (millions) | 84 | | | 25 | | | 164 | | | 51 | |
Tonnes (thousands) | 39 | | | 11 | | | 75 | | | 23 | |
Produced silver (million ounces) | 8 | | | 6 | | | 17 | | | 14 | |
Sold silver (million ounces) | 8 | | | 6 | | | 18 | | | 12 | |
Produced lead: | | | | | | | |
Pounds (millions) | 44 | | | 45 | | | 105 | | | 86 | |
Tonnes (thousands) | 20 | | | 20 | | | 48 | | | 39 | |
Sold lead: | | | | | | | |
Pounds (millions) | 43 | | | 36 | | | 108 | | | 72 | |
Tonnes (thousands) | 20 | | | 16 | | | 49 | | | 33 | |
Produced zinc: | | | | | | | |
Pounds (millions) | 144 | | | 78 | | | 271 | | | 180 | |
Tonnes (thousands) | 65 | | | 35 | | | 123 | | | 82 | |
Sold zinc: | | | | | | | |
Pounds (millions) | 113 | | | 90 | | | 248 | | | 189 | |
Tonnes (thousands) | 52 | | | 41 | | | 113 | | | 86 | |
Average realized price: | | | | | | | |
Gold (per ounce) | $ | 2,347 | | | $ | 1,965 | | | $ | 2,216 | | | $ | 1,936 | |
Copper (per pound) | $ | 4.47 | | | $ | 3.26 | | | $ | 4.10 | | | $ | 3.73 | |
Silver (per ounce) | $ | 26.20 | | | $ | 20.56 | | | $ | 23.00 | | | $ | 19.85 | |
Lead (per pound) | $ | 1.05 | | | $ | 0.92 | | | $ | 0.97 | | | $ | 0.89 | |
Zinc (per pound) | $ | 1.31 | | | $ | 0.73 | | | $ | 1.10 | | | $ | 0.96 | |
Consolidated costs applicable to sales: (4)(5) | | | | | | | |
Gold (per ounce) | $ | 1,152 | | | $ | 1,054 | | | $ | 1,103 | | | $ | 1,040 | |
Gold equivalent ounces - other metals (per ounce) (3) | $ | 836 | | | $ | 1,062 | | | $ | 832 | | | $ | 988 | |
All-in sustaining costs: (5) | | | | | | | |
Gold (per ounce) | $ | 1,562 | | | $ | 1,472 | | | $ | 1,500 | | | $ | 1,424 | |
Gold equivalent ounces - other metals (per ounce) (3) | $ | 1,207 | | | $ | 1,492 | | | $ | 1,176 | | | $ | 1,405 | |
____________________________(1)Attributable gold ounces produced includes 53 and 51 thousand ounces for the three months ended June 30, 2024 and 2023, respectively, and 107 and 111 thousand ounces for the six months ended June 30, 2024 and 2023, respectively, related to the Pueblo Viejo mine, which is 40% owned by Newmont and accounted for as an equity method investment. For the three and six months ended June 30, 2024, Attributable gold ounces
produced also includes 35 thousand ounces and 56 thousand ounces, respectively, related to the Fruta del Norte mine, which is wholly owned by Lundin Gold, in which the Company holds a 32.0% interest at June 30, 2024 and is accounted for as an equity method investment on a quarter lag.
(2)Attributable gold ounces sold excludes ounces related to the Pueblo Viejo mine and the Fruta del Norte mine.
(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. Refer to Results of Consolidated Operations within Part I, Item 2, MD&A for further information.
(4)Excludes Depreciation and amortization and Reclamation and remediation.
(5)Refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A.
Second Quarter 2024 Highlights (dollars in millions, except per share, per ounce and per pound amounts, unless otherwise noted)
•Net income: Reported Net income (loss) from continuing operations attributable to Newmont stockholders of $838 or $0.73 per diluted share, an increase of $685 from the prior-year quarter primarily due to an increase to attributable net income related to the acquired Newcrest sites. Excluding the impact of acquired sites, the increase is primarily due to an increase in Sales, resulting from higher average realized prices for all metals, and lower Depreciation and amortization. This increase was partially offset by an increase in Costs applicable to sales and higher tax expense.
•Adjusted net income: Reported Adjusted net income of $834 or $0.72 per diluted share, an increase of $0.39 per diluted share from the prior-year quarter (see Non-GAAP Financial Measures within Part I, Item 2, MD&A).
•Adjusted EBITDA: Reported $1,966 in Adjusted EBITDA, an increase of 116% 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 $2,170 for the six months ended June 30, 2024, an increase of 91% from the prior year, and free cash flow of $520 (see Non-GAAP Financial Measures within Part I, Item 2, MD&A). Net cash provided by (used in) operating activities included a payment of $291 on the Stamp Duty, related to the Newcrest transaction, in the first quarter of 2024.
•Portfolio Updates: Completed the sale of the Fruta del Norte Facilities in which Lundin Gold repurchased the Streaming Credit Facility agreement and settled the rights under the Offtake agreement for cash consideration of $330, of which $180 was received in June 2024.
•ESG: Published our climate performance update in May 2024 providing an overview of the Company's 2023 greenhouse gas emissions performance for the operating sites managed by Newmont prior to the acquisition of Newcrest. 2023 climate data for all sites, including those acquired through the Newcrest transaction, will be published in the fourth quarter of 2024.
•Attributable gold production: Produced 1.6 million attributable ounces of gold and 477 thousand attributable gold equivalent ounces from co-products.
•Financial strength: Ended the quarter with $2.6 billion of consolidated cash, cash of $205 included in Assets held for sale, and $6.8 billion of total liquidity; declared a dividend of $0.25 per share in July 2024; settled $104 of share repurchases from $1 billion stock repurchase program; redeemed $250 of certain senior notes.
PART I—FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS.
NEWMONT CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited, in millions except per share)
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended June 30, | | Six Months Ended June 30, |
| 2024 | | 2023 | | 2024 | | 2023 |
Sales (Note 6) | $ | 4,402 | | | $ | 2,683 | | | $ | 8,425 | | | $ | 5,362 | |
| | | | | | | |
Costs and expenses: | | | | | | | |
Costs applicable to sales (1) | 2,156 | | | 1,543 | | | 4,262 | | | 3,025 | |
Depreciation and amortization | 602 | | | 486 | | | 1,256 | | | 947 | |
Reclamation and remediation (Note 7) | 94 | | | 66 | | | 192 | | | 132 | |
Exploration | 57 | | | 66 | | | 110 | | | 114 | |
Advanced projects, research and development | 49 | | | 44 | | | 102 | | | 79 | |
General and administrative | 100 | | | 71 | | | 201 | | | 145 | |
Loss on assets held for sale (Note 5) | 246 | | | — | | | 731 | | | — | |
| | | | | | | |
Other expense, net (Note 8) | 59 | | | 41 | | | 132 | | | 49 | |
| 3,363 | | | 2,317 | | | 6,986 | | | 4,491 | |
Other income (expense): | | | | | | | |
| | | | | | | |
Other income (loss), net (Note 9) | 100 | | | (17) | | | 221 | | | 82 | |
Interest expense, net of capitalized interest | (103) | | | (49) | | | (196) | | | (114) | |
| (3) | | | (66) | | | 25 | | | (32) | |
Income (loss) before income and mining tax and other items | 1,036 | | | 300 | | | 1,464 | | | 839 | |
Income and mining tax benefit (expense) (Note 10) | (191) | | | (163) | | | (451) | | | (376) | |
Equity income (loss) of affiliates (Note 13) | (3) | | | 16 | | | 4 | | | 41 | |
Net income (loss) from continuing operations | 842 | | | 153 | | | 1,017 | | | 504 | |
Net income (loss) from discontinued operations | 15 | | | 2 | | | 19 | | | 14 | |
Net income (loss) | 857 | | | 155 | | | 1,036 | | | 518 | |
Net loss (income) attributable to noncontrolling interests (Note 1) | (4) | | | — | | | (13) | | | (12) | |
Net income (loss) attributable to Newmont stockholders | $ | 853 | | | $ | 155 | | | $ | 1,023 | | | $ | 506 | |
| | | | | | | |
Net income (loss) attributable to Newmont stockholders: | | | | | | | |
Continuing operations | $ | 838 | | | $ | 153 | | | $ | 1,004 | | | $ | 492 | |
Discontinued operations | 15 | | | 2 | | | 19 | | | 14 | |
| $ | 853 | | | $ | 155 | | | $ | 1,023 | | | $ | 506 | |
Weighted average common shares (millions): | | | | | | | |
Basic | 1,153 | | 795 | | 1,153 | | 794 |
Effect of employee stock-based awards | 2 | | — | | 1 | | 1 |
Diluted | 1,155 | | 795 | | 1,154 | | 795 |
| | | | | | | |
Net income (loss) attributable to Newmont stockholders per common share: | | | | | | |
Basic: | | | | | | | |
Continuing operations | $ | 0.73 | | | $ | 0.19 | | | $ | 0.87 | | | $ | 0.62 | |
Discontinued operations | 0.01 | | | — | | | 0.02 | | | 0.02 | |
| $ | 0.74 | | | $ | 0.19 | | | $ | 0.89 | | | $ | 0.64 | |
Diluted: | | | | | | | |
Continuing operations | $ | 0.73 | | | $ | 0.19 | | | $ | 0.87 | | | $ | 0.62 | |
Discontinued operations | 0.01 | | | — | | | 0.02 | | | 0.02 | |
| $ | 0.74 | | | $ | 0.19 | | | $ | 0.89 | | | $ | 0.64 | |
____________________________
(1)Excludes Depreciation and amortization and Reclamation and remediation.
The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.
NEWMONT CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(unaudited, in millions)
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended June 30, | | Six Months Ended June 30, |
| 2024 | | 2023 | | 2024 | | 2023 |
Net income (loss) | $ | 857 | | | $ | 155 | | | $ | 1,036 | | | $ | 518 | |
Other comprehensive income (loss): | | | | | | | |
Change in marketable securities, net of tax | — | | | — | | | — | | | (1) | |
Ownership interest in equity method investments | (2) | | | — | | | (2) | | | — | |
Foreign currency translation adjustments | 3 | | | (4) | | | 8 | | | (5) | |
Change in pension and other post-retirement benefits, net of tax | — | | | (2) | | | — | | | (3) | |
Change in cash flow hedges, net of tax | 8 | | | (4) | | | (27) | | | (7) | |
Other comprehensive income (loss) | 9 | | | (10) | | | (21) | | | (16) | |
Comprehensive income (loss) | $ | 866 | | | $ | 145 | | | $ | 1,015 | | | $ | 502 | |
| | | | | | | |
Comprehensive income (loss) attributable to: | | | | | | | |
Newmont stockholders | $ | 862 | | | $ | 145 | | | $ | 1,002 | | | $ | 490 | |
Noncontrolling interests | 4 | | | — | | | 13 | | | 12 | |
| $ | 866 | | | $ | 145 | | | $ | 1,015 | | | $ | 502 | |
The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.
NEWMONT CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited, in millions)
| | | | | | | | | | | |
| At June 30, 2024 | | At December 31, 2023 |
ASSETS | | | |
Cash and cash equivalents | $ | 2,602 | | | $ | 3,002 | |
Trade receivables (Note 6) | 955 | | | 734 | |
Investments (Note 13) | 50 | | | 23 | |
Inventories (Note 14) | 1,467 | | | 1,663 | |
Stockpiles and ore on leach pads (Note 15) | 681 | | | 979 | |
| | | |
| | | |
Derivative assets (Note 12) | 71 | | | 198 | |
Other current assets | 874 | | | 913 | |
Assets held for sale (Note 5) | 5,370 | | | — | |
Current assets | 12,070 | | | 7,512 | |
Property, plant and mine development, net | 33,655 | | | 37,563 | |
Investments (Note 13) | 4,141 | | | 4,143 | |
Stockpiles and ore on leach pads (Note 15) | 2,002 | | | 1,935 | |
Deferred income tax assets | 273 | | | 268 | |
Goodwill | 2,792 | | | 3,001 | |
Derivative assets (Note 12) | 181 | | | 444 | |
Other non-current assets | 564 | | | 640 | |
| | | |
Total assets | $ | 55,678 | | | $ | 55,506 | |
| | | |
LIABILITIES | | | |
Accounts payable | $ | 683 | | | $ | 960 | |
Employee-related benefits | 457 | | | 551 | |
Income and mining taxes payable | 264 | | | 88 | |
Lease and other financing obligations | 104 | | | 114 | |
Debt (Note 16) | — | | | 1,923 | |
Other current liabilities (Note 17) | 1,819 | | | 2,362 | |
Liabilities held for sale (Note 5) | 2,405 | | | — | |
Current liabilities | 5,732 | | | 5,998 | |
Debt (Note 16) | 8,692 | | | 6,951 | |
Lease and other financing obligations | 429 | | | 448 | |
Reclamation and remediation liabilities (Note 7) | 6,620 | | | 8,167 | |
Deferred income tax liabilities | 3,046 | | | 2,987 | |
Employee-related benefits | 616 | | | 655 | |
Silver streaming agreement | 733 | | | 779 | |
Other non-current liabilities (Note 17) | 247 | | | 316 | |
| | | |
Total liabilities | 26,115 | | | 26,301 | |
| | | |
Commitments and contingencies (Note 20) | | | |
| | | |
EQUITY | | | |
Common stock | 1,851 | | | 1,854 | |
Treasury stock | (274) | | | (264) | |
Additional paid-in capital | 30,394 | | | 30,419 | |
Accumulated other comprehensive income (loss) (Note 18) | (7) | | | 14 | |
(Accumulated deficit) Retained earnings | (2,585) | | | (2,996) | |
Newmont stockholders' equity | 29,379 | | | 29,027 | |
Noncontrolling interests | 184 | | | 178 | |
Total equity | 29,563 | | | 29,205 | |
Total liabilities and equity | $ | 55,678 | | | $ | 55,506 | |
The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.
NEWMONT CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited, in millions)
| | | | | | | | | | | |
| Six Months Ended June 30, |
| 2024 | | 2023 |
Operating activities: | | | |
Net income (loss) | $ | 1,036 | | | $ | 518 | |
Non-cash adjustments: | | | |
Depreciation and amortization | 1,256 | | | 947 | |
Loss on assets held for sale (Note 5) | 731 | | | — | |
Net (income) loss from discontinued operations | (19) | | | (14) | |
Reclamation and remediation | 182 | | | 120 | |
(Gain) loss on asset and investment sales, net (Note 9) | (64) | | | (36) | |
Stock-based compensation | 44 | | | 42 | |
Deferred income taxes | (42) | | | 21 | |
Change in fair value of investments (Note 9) | (22) | | | 1 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
Other non-cash adjustments | (3) | | | 7 | |
Net change in operating assets and liabilities (Note 19) | (929) | | | (469) | |
Net cash provided by (used in) operating activities of continuing operations | 2,170 | | | 1,137 | |
Net cash provided by (used in) operating activities of discontinued operations | 34 | | | 7 | |
Net cash provided by (used in) operating activities | 2,204 | | | 1,144 | |
| | | |
Investing activities: | | | |
Additions to property, plant and mine development | (1,650) | | | (1,142) | |
Proceeds from asset and investment sales | 252 | | | 214 | |
Purchases of investments | (106) | | | (542) | |
Return of investment from equity method investees | 41 | | | 30 | |
Contributions to equity method investees | (20) | | | (64) | |
Proceeds from maturities of investments | — | | | 981 | |
Other | 44 | | | 23 | |
| | | |
| | | |
Net cash provided by (used in) investing activities | (1,439) | | | (500) | |
| | | |
Financing activities: | | | |
Repayment of debt | (3,650) | | | — | |
Proceeds from issuance of debt, net | 3,476 | | | — | |
Dividends paid to common stockholders | (577) | | | (636) | |
Repurchases of common stock | (104) | | | — | |
Distributions to noncontrolling interests | (77) | | | (66) | |
Funding from noncontrolling interests | 53 | | | 75 | |
Payments on lease and other financing obligations | (40) | | | (32) | |
Payments for withholding of employee taxes related to stock-based compensation | (10) | | | (22) | |
| | | |
Other | (28) | | | (3) | |
Net cash provided by (used in) financing activities | (957) | | | (684) | |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | (14) | | | (4) | |
Net change in cash, cash equivalents and restricted cash, including cash and restricted cash reclassified to assets held for sale | (206) | | | (44) | |
Less: cash and restricted cash reclassified to assets held for sale (1) | (258) | | | — | |
Net change in cash, cash equivalents and restricted cash | (464) | | | (44) | |
Cash, cash equivalents and restricted cash at beginning of period | 3,100 | | | 2,944 | |
Cash, cash equivalents and restricted cash at end of period | $ | 2,636 | | | $ | 2,900 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
NEWMONT CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited, in millions)
| | | | | | | | | | | |
| Six Months Ended June 30, |
| 2024 | | 2023 |
Reconciliation of cash, cash equivalents and restricted cash: | | | |
Cash and cash equivalents | $ | 2,602 | | | $ | 2,829 | |
Restricted cash included in Other current assets | 6 | | | 1 | |
Restricted cash included in Other non-current assets | 28 | | | 70 | |
Total cash, cash equivalents and restricted cash | $ | 2,636 | | | $ | 2,900 | |
____________________________
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for assets held for sale. As a result, the related assets and liabilities as of June 30, 2024, including $205 of Cash and cash equivalents and $53 of restricted cash, included in Other current assets and Other non-current assets, were reclassified to Assets held for sale and Liabilities held for sale, respectively. Refer to Note 5 for additional information.
The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.
NEWMONT CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
(unaudited, in millions)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Common Stock | | Treasury Stock | | Additional Paid-In Capital | | Accumulated Other Comprehensive Income (Loss) | | Retained Earnings (Accumulated Deficit) | | Noncontrolling Interests | | Total Equity |
| Shares | | Amount | | Shares | | Amount | | | | | |
Balance at December 31, 2023 | 1,159 | | | $ | 1,854 | | | (7) | | | $ | (264) | | | $ | 30,419 | | | $ | 14 | | | $ | (2,996) | | | $ | 178 | | | $ | 29,205 | |
Net income (loss) | — | | | — | | | — | | | — | | | — | | | — | | | 170 | | | 9 | | | 179 | |
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 | 1 | | | 1 | | | — | | | — | | | 17 | | | — | | | — | | | — | | | 18 | |
Balance at March 31, 2024 | 1,160 | | | $ | 1,855 | |