NEWMONT Corp DE
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
NEM$125.16+3.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (in millions, except per share) | |||
| Sales (Note 5) | $18,682 | $11,812 | $11,915 |
| Costs and expenses: | |||
| Costs applicable to sales (1) | 8,963 | 6,699 | 6,468 |
| Depreciation and amortization | 2,576 | 2,108 | 2,185 |
| Reclamation and remediation (Note 6) | 328 | 1,533 | 921 |
| Exploration | 266 | 265 | 231 |
| Advanced projects, research and development | 197 | 200 | 229 |
| General and administrative | 442 | 299 | 276 |
| Impairment charges (Note 7) | 78 | 1,891 | 1,320 |
| Loss on assets held for sale (Note 3) | 1,114 | — | — |
| Other expense, net (Note 8) | 191 | 517 | 82 |
| 14,155 | 13,512 | 11,712 | |
| Other income (expense): | |||
| Other income (loss), net (Note 9) | 425 | (88) | (27) |
| Interest expense, net of capitalized interest of $114, $89 and $69, respectively | (375) | (243) | (227) |
| 50 | (331) | (254) | |
| Income (loss) before income and mining tax and other items | 4,577 | (2,031) | (51) |
| Income and mining tax benefit (expense) (Note 10) | (1,397) | (526) | (455) |
| Equity income (loss) of affiliates (Note 15) | 133 | 63 | 107 |
| Net income (loss) from continuing operations | 3,313 | (2,494) | (399) |
| Net income (loss) from discontinued operations (Note 1) | 68 | 27 | 30 |
| Net income (loss) | 3,381 | (2,467) | (369) |
| Net loss (income) attributable to noncontrolling interests (Note 1) | (33) | (27) | (60) |
| Net income (loss) attributable to Newmont stockholders | $3,348 | $(2,494) | $(429) |
| Net income (loss) attributable to Newmont stockholders: | |||
| Continuing operations | $3,280 | $(2,521) | $(459) |
| Discontinued operations | 68 | 27 | 30 |
| $3,348 | $(2,494) | $(429) | |
| Weighted average common shares: | |||
| Basic | 1,146 | 841 | 794 |
| Effect of employee stock-based awards | 2 | — | 1 |
| Diluted | 1,148 | 841 | 795 |
| Net income (loss) per common share: | |||
| Basic: | |||
| Continuing operations | $2.86 | $(3.00) | $(0.58) |
| Discontinued operations | 0.06 | 0.03 | 0.04 |
| $2.92 | $(2.97) | $(0.54) | |
| Diluted: (2) | |||
| Continuing operations | $2.86 | $(3.00) | $(0.58) |
| Discontinued operations | 0.06 | 0.03 | 0.04 |
| $2.92 | $(2.97) | $(0.54) | |
(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.
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