NEWMONT Corp DE

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

NEM$125.16+3.5%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Year Ended December 31,
	2023	2022	2021
(in millions, except per share)
Sales (Note 5)	$11,812	$11,915	$12,222
Costs and expenses:
Costs applicable to sales (1)	6,699	6,468	5,435
Depreciation and amortization	2,108	2,185	2,323
Reclamation and remediation (Note 6)	1,533	921	1,846
Exploration	265	231	209
Advanced projects, research and development	200	229	154
General and administrative	299	276	259
Impairment charges (Note 7)	1,891	1,320	25
Loss on assets held for sale (Note 1)	—	—	571
Other expense, net (Note 8)	517	82	143
	13,512	11,712	10,965
Other income (expense):
Other income (loss), net (Note 9)	(88)	(27)	125
Interest expense, net of capitalized interest of $89, $69 and $38, respectively	(243)	(227)	(274)
	(331)	(254)	(149)
Income (loss) before income and mining tax and other items	(2,031)	(51)	1,108
Income and mining tax benefit (expense) (Note 10)	(526)	(455)	(1,098)
Equity income (loss) of affiliates (Note 15)	63	107	166
Net income (loss) from continuing operations	(2,494)	(399)	176
Net income (loss) from discontinued operations (Note 1)	27	30	57
Net income (loss)	(2,467)	(369)	233
Net loss (income) attributable to noncontrolling interests (Note 1)	(27)	(60)	933
Net income (loss) attributable to Newmont stockholders	$(2,494)	$(429)	$1,166
Net income (loss) attributable to Newmont stockholders:
Continuing operations	$(2,521)	$(459)	$1,109
Discontinued operations	27	30	57
	$(2,494)	$(429)	$1,166
Weighted average common shares:
Basic	841	794	799
Effect of employee stock-based awards	—	1	2
Diluted	841	795	801
Net income (loss) per common share:
Basic:
Continuing operations	$(3.00)	$(0.58)	$1.39
Discontinued operations	0.03	0.04	0.07
	$(2.97)	$(0.54)	$1.46
Diluted: (2)
Continuing operations	$(3.00)	$(0.58)	$1.39
Discontinued operations	0.03	0.04	0.07
	$(2.97)	$(0.54)	$1.46

(2)For the years ended December 31, 2023 and 2022, potentially dilutive shares were excluded in the computation of diluted loss per common share attributable to Newmont stockholders as they were antidilutive.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.