NEWMONT Corp DE
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 25, 2024
NEM$119.96-4.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(unaudited, in millions except per share)
| Three Months EndedJune 30, | Six Months EndedJune 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 | |
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