NEWMONT Corp DE
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
View on SEC.govAbout 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.
FY2024 · Filed Feb 21, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Operating Statistics
The following tables detail operating statistics related to gold production, ounces sold, and production costs per ounce of our continuing operations:
| Mining and Production Detail (1) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Year EndedDecember 31, 2024 · Tonnes Mined · Tonnes Processed · Average Ore Grade (2) · Average Mill Recovery Rate · Ounces Produced · Ounces Sold | |||||||||||
| Open Pit · Underground · Mill · Leach · Mill · Leach · Mill · Leach · Consolidated · Consolidated | |||||||||||
| Brucejack | — | 1,083 | 1,073 | — | 7.811 | — | 96.8% | 258 | — | 258 | 249 |
| Red Chris | 19,591 | — | 6,293 | — | 0.367 | — | 56.3% | 40 | — | 40 | 39 |
| Peñasquito | 138,280 | — | 32,896 | — | 0.539 | — | 59.9% | 299 | — | 299 | 290 |
| Merian (3) | 50,433 | — | 14,141 | — | 0.646 | — | 92.9% | 274 | — | 274 | 274 |
| Cerro Negro | — | 837 | 836 | — | 9.379 | — | 94.2% | 238 | — | 238 | 236 |
| Yanacocha | 54,836 | — | — | 23,265 | — | 0.396 | —% | — | 354 | 354 | 352 |
| Boddington | 68,208 | — | 34,936 | — | 0.623 | — | 85.2% | 590 | — | 590 | 581 |
| Tanami | — | 2,416 | 2,359 | — | 5.442 | — | 98.5% | 408 | — | 408 | 411 |
| Cadia | — | 30,742 | 29,824 | — | 0.626 | — | 79.6% | 464 | — | 464 | 454 |
| Lihir | 34,515 | — | 10,885 | — | 2.334 | — | 74.8% | 614 | — | 614 | 620 |
| Ahafo | 26,252 | 2,524 | 9,470 | — | 2.807 | — | 94.1% | 798 | — | 798 | 798 |
| NGM | 82,300 | 2,642 | 11,140 | 3,859 | 3.296 | 0.205 | 82.3% | 974 | 65 | 1,039 | 1,036 |
| Held for sale (4) | |||||||||||
| CC&V | 36,240 | — | — | 21,029 | — | 0.443 | —% | — | 146 | 146 | 144 |
| Musselwhite | — | 1,033 | 1,029 | — | 6.630 | — | 96.4% | 212 | — | 212 | 215 |
| Porcupine | 1,423 | 902 | 2,938 | — | 3.224 | — | 92.9% | 284 | — | 284 | 282 |
| Éléonore | — | 1,808 | 1,807 | — | 4.521 | — | 91.4% | 240 | — | 240 | 243 |
| Akyem | 24,210 | — | 8,287 | — | 0.857 | — | 89.0% | 204 | — | 204 | 212 |
| Divested (5) | |||||||||||
| Telfer | 25,568 | 639 | 3,665 | — | 0.770 | — | 89.9% | 73 | 10 | 83 | 103 |
| Total Gold (6) | 561,856 | 44,626 | 171,579 | 48,153 | 1.292 | 0.401 | 84.7% | 5,970 | 575 | 6,545 | 6,539 |
(3)For the year ended December 31, 2024, Merian produced 205 attributable ounces, which reflects our 75% ownership interest. Total attributable ounces were 6,476 ounces.
(4)Sites are classified as held for sale as of December 31, 2024. Refer to Note 3 to the Consolidated Financial Statements for further information.
(5)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 to the Consolidated Financial Statements for further information.
(6)Total gold consolidated ounces produced excludes 235 attributable ounces related to Pueblo Viejo, which is 40% owned by Newmont, managed by Barrick, and accounted for as an equity method investment.
| Production Costs per Ounce Sold (1)(2) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Year EndedDecember 31, 2024 | Direct Mining and Production Costs | By-Product Credits | Royalties and Production Taxes | Write-Downs and Inventory Change | Costs Applicable to Sales (3)(4) | Depreciation and Amortization | Reclamation and Remediation | Total Production Costs (5) | All-In Sustaining Costs per Ounce Sold (1)(2)(4) |
| Brucejack | $1,317 | $(36) | $32 | $(59) | $1,254 | $691 | $19 | $1,964 | $1,603 |
| Red Chris | $1,257 | $(11) | $35 | $(56) | $1,225 | $367 | $43 | $1,635 | $1,607 |
| Peñasquito | $755 | $(5) | $40 | $(14) | $776 | $355 | $14 | $1,145 | $984 |
| Merian | $1,300 | $(1) | $144 | $14 | $1,457 | $305 | $16 | $1,778 | $1,852 |
| Cerro Negro | $1,359 | $(120) | $121 | $(35) | $1,325 | $521 | $19 | $1,865 | $1,631 |
| Yanacocha | $968 | $(19) | $72 | $(18) | $1,003 | $279 | $21 | $1,303 | $1,196 |
| Boddington | $1,057 | $(24) | $62 | $(39) | $1,056 | $193 | $16 | $1,265 | $1,288 |
| Tanami | $900 | $(2) | $60 | $(11) | $947 | $300 | $5 | $1,252 | $1,281 |
| Cadia | $681 | $(103) | $82 | $(7) | $653 | $263 | $5 | $921 | $1,048 |
| Lihir | $1,575 | $(1) | $59 | $(363) | $1,270 | $270 | $19 | $1,559 | $1,512 |
| Ahafo | $644 | $(2) | $199 | $63 | $904 | $270 | $9 | $1,183 | $1,072 |
| NGM | $1,208 | $(60) | $74 | $(3) | $1,219 | $413 | $12 | $1,644 | $1,605 |
| Held for sale (6) | |||||||||
| CC&V | $1,568 | $(13) | $135 | $(300) | $1,390 | $90 | $76 | $1,556 | $1,691 |
| Musselwhite | $953 | $(3) | $75 | $20 | $1,045 | $86 | $16 | $1,147 | $1,541 |
| Porcupine | $998 | $(6) | $43 | $62 | $1,097 | $127 | $33 | $1,257 | $1,437 |
| Éléonore | $1,271 | $(2) | $54 | $16 | $1,339 | $88 | $15 | $1,442 | $1,811 |
| Akyem | $1,105 | $(7) | $297 | $201 | $1,596 | $271 | $65 | $1,932 | $1,816 |
| Divested (7) | |||||||||
| Telfer | $3,443 | $(9) | $63 | $(1,120) | $2,377 | $142 | $110 | $2,629 | $2,993 |
| Total Gold | $1,110 | $(27) | $94 | $(51) | $1,126 | $304 | $19 | $1,449 | $1,516 |
(1)Production costs and All-in sustaining costs are not comparable due to differences in the items included in each of the measures. All-in sustaining costs is a non-GAAP financial measure. Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.
(6)Sites are classified as held for sale as of December 31, 2024. Refer to Note 3 to the Consolidated Financial Statements for further information.
(7)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 to the Consolidated Financial Statements for further information.
| Mining and Production Detail (1) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Year EndedDecember 31, 2023 · Tonnes Mined · Tonnes Processed · Average Ore Grade (2) · Average Mill Recovery Rate · Ounces Produced · Ounces Sold | |||||||||||
| Open Pit · Underground · Mill · Leach · Mill · Leach · Mill · Leach · Consolidated · Consolidated | |||||||||||
| CC&V | 38,555 | — | — | 25,566 | — | 0.452 | —% | — | 172 | 172 | 171 |
| Musselwhite | — | 1,027 | 1,028 | — | 5.701 | — | 95.7% | 180 | — | 180 | 181 |
| Porcupine | 6,972 | 859 | 2,911 | — | 3.015 | — | 91.4% | 260 | — | 260 | 258 |
| Éléonore | — | 1,656 | 1,661 | — | 4.785 | — | 91.0% | 232 | — | 232 | 233 |
| Brucejack (3) | — | 167 | 166 | — | 5.685 | — | 96.0% | 29 | — | 29 | 36 |
| Red Chris (3) | 3,769 | — | 1,139 | — | 0.276 | — | 54.2% | 5 | — | 5 | 4 |
| Peñasquito | 96,099 | — | 20,850 | — | 0.429 | — | 57.0% | 143 | — | 143 | 130 |
| Merian (4) | 41,031 | — | 14,403 | — | 0.758 | — | 91.3% | 322 | — | 322 | 319 |
| Cerro Negro | — | 1,076 | 1,084 | — | 8.314 | — | 92.8% | 269 | — | 269 | 261 |
| Yanacocha | 62,173 | — | — | 19,682 | — | 0.494 | —% | — | 276 | 276 | 275 |
| Boddington | 61,543 | — | 36,467 | — | 0.754 | — | 85.4% | 745 | — | 745 | 749 |
| Tanami | — | 2,314 | 2,369 | — | 6.012 | — | 98.3% | 448 | — | 448 | 444 |
| Cadia (3) | — | 4,366 | 5,229 | — | 0.722 | — | 81.5% | 97 | — | 97 | 120 |
| Telfer (3) | 6,435 | 206 | 2,807 | — | 0.649 | — | 73.2% | 43 | — | 43 | 67 |
| Lihir (3) | 6,395 | — | 2,061 | — | 2.567 | — | 76.5% | 134 | — | 134 | 131 |
| Ahafo | 26,851 | 2,344 | 7,976 | — | 2.399 | — | 93.9% | 581 | — | 581 | 578 |
| Akyem | 24,494 | — | 7,646 | — | 1.317 | — | 89.5% | 295 | — | 295 | 296 |
| NGM | 100,728 | 2,490 | 11,426 | 10,853 | 3.487 | 0.398 | 82.5% | 1,057 | 113 | 1,170 | 1,167 |
| Total Gold (5) | 475,045 | 16,505 | 119,223 | 56,101 | 1.463 | 0.456 | 86.7% | 4,840 | 561 | 5,401 | 5,420 |
(3)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information.
(4)For the year ended December 31, 2023, Merian produced 242 attributable ounces, which reflects our 75% ownership interest. Total attributable ounces were 5,321 ounces.
(5)Total gold consolidated ounces produced excludes 224 attributable ounces related to Pueblo Viejo, which is 40% owned by Newmont, managed by Barrick, and accounted for as an equity method investment.
| Production Costs per Ounce Sold (1)(2) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Year EndedDecember 31, 2023 | Direct Mining and Production Costs | By-Product Credits | Royalties and Production Taxes | Write-Downs and Inventory Change | Costs Applicable to Sales (3)(4) | Depreciation and Amortization | Reclamation and Remediation | Total Production Costs (5) | All-In Sustaining Costs per Ounce Sold (1)(2)(4) |
| CC&V | $1,327 | $(7) | $121 | $(285) | $1,156 | $136 | $59 | $1,351 | $1,644 |
| Musselwhite | $1,152 | $(2) | $48 | $(12) | $1,186 | $444 | $17 | $1,647 | $1,843 |
| Porcupine | $1,214 | $(4) | $25 | $(68) | $1,167 | $455 | $33 | $1,655 | $1,577 |
| Éléonore | $1,230 | $(2) | $44 | $(9) | $1,263 | $433 | $13 | $1,709 | $1,838 |
| Brucejack (6) | $1,484 | $(41) | $30 | $425 | $1,898 | $617 | $— | $2,515 | $2,646 |
| Red Chris (6) | $1,825 | $(1) | $27 | $(946) | $905 | $298 | $15 | $1,218 | $1,439 |
| Peñasquito | $1,296 | $(6) | $33 | $(104) | $1,219 | $516 | $28 | $1,763 | $1,590 |
| Merian | $1,080 | $(1) | $117 | $11 | $1,207 | $256 | $9 | $1,472 | $1,541 |
| Cerro Negro | $1,261 | $(102) | $93 | $5 | $1,257 | $524 | $14 | $1,795 | $1,509 |
| Yanacocha | $1,122 | $(16) | $59 | $(96) | $1,069 | $310 | $20 | $1,399 | $1,266 |
| Boddington | $822 | $(17) | $49 | $(7) | $847 | $144 | $12 | $1,003 | $1,067 |
| Tanami | $704 | $(2) | $51 | $6 | $759 | $249 | $4 | $1,012 | $1,060 |
| Cadia (6) | $477 | $(59) | $51 | $610 | $1,079 | $130 | $1 | $1,210 | $1,271 |
| Telfer (6) | $1,360 | $(9) | $60 | $471 | $1,882 | $87 | $— | $1,969 | $1,988 |
| Lihir (6) | $1,235 | $(2) | $50 | $(166) | $1,117 | $153 | $— | $1,270 | $1,517 |
| Ahafo | $820 | $(1) | $141 | $(13) | $947 | $312 | $11 | $1,270 | $1,222 |
| Akyem | $826 | $(6) | $115 | $(4) | $931 | $413 | $40 | $1,384 | $1,210 |
| NGM | $1,037 | $(55) | $68 | $20 | $1,070 | $387 | $9 | $1,466 | $1,397 |
| Total Gold | $999 | $(23) | $74 | $— | $1,050 | $327 | $15 | $1,392 | $1,444 |
(1)Production Costs and All-in sustaining costs are not comparable due to differences in the items included in each of the measures. All-in sustaining costs is a non-GAAP financial measure. Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.
(6)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information.
| Mining and Production Detail (1) | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year EndedDecember 31, 2022 · Tonnes Mined · Tonnes Processed · Average Ore Grade (2) · Average Mill Recovery Rate · Ounces Produced · Ounces Sold | |||||||||||||||||||
| Open Pit · Underground · Mill · Leach · Mill · Leach · Mill · Leach · Consolidated · Attributable (3) · Consolidated | |||||||||||||||||||
| CC&V | 32,632 | — | 64 | 18,814 | 1.568 | 0.428 | 38.2% | 4 | 178 | 182 | 182 | 185 | |||||||
| Musselwhite | — | 1,043 | 1,042 | — | 5.404 | — | 95.7% | 173 | — | 173 | 173 | 172 | |||||||
| Porcupine | 7,866 | 751 | 3,410 | — | 2.794 | — | 92.7% | 280 | — | 280 | 280 | 280 | |||||||
| Éléonore | — | 1,537 | 1,535 | — | 4.740 | — | 91.6% | 215 | — | 215 | 215 | 217 | |||||||
| Peñasquito | 178,890 | — | 35,928 | — | 0.702 | — | 75.2% | 566 | — | 566 | 566 | 573 | |||||||
| Merian | 36,381 | — | 14,201 | — | 0.942 | — | 94.2% | 403 | — | 403 | 302 | 403 | |||||||
| Cerro Negro | — | 946 | 930 | — | 9.840 | — | 93.6% | 278 | — | 278 | 278 | 281 | |||||||
| Yanacocha | 60,939 | — | — | 20,600 | — | 0.453 | —% | — | 244 | 244 | 230 | 250 | |||||||
| Boddington | 59,270 | — | 37,240 | — | 0.801 | — | 84.7% | 798 | — | 798 | 798 | 813 | |||||||
| Tanami | — | 2,643 | 2,590 | — | 5.941 | — | 98.0% | 484 | — | 484 | 484 | 486 | |||||||
| Ahafo | 30,147 | 1,708 | 10,789 | — | 1.765 | — | 92.5% | 574 | — | 574 | 574 | 572 | |||||||
| Akyem | 29,077 | — | 8,195 | — | 1.750 | — | 89.5% | 420 | — | 420 | 420 | 415 | |||||||
| NGM | 103,158 | 2,521 | 13,655 | 8,178 | 3.205 | 0.467 | 74.9% | 1,051 | 118 | 1,169 | 1,169 | 1,165 | |||||||
| Total Gold (4) | 538,360 | 11,149 | 129,579 | 47,592 | 1.487 | 0.446 | 85.5% | 5,246 | 540 | 5,786 | 5,671 | 5,812 | |||||||
(3)Attributable ounces produced for Merian reflects our 75% ownership interest. The Company recognized amounts attributable to noncontrolling interest for Yanacocha for attributable ounces produced during the periods prior to acquiring Buenaventura's 43.65% interest and Sumitomo Corporation's 5.0% interest in the first half of 2022. Refer to Note 1 to the Consolidated Financial Statement for further information.
(4)Total gold consolidated ounces produced excludes 285 attributable ounces related to Pueblo Viejo, which is 40% owned by Newmont, managed by Barrick, and accounted for as an equity method investment.
| Production Costs per Ounce Sold (1)(2) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Year EndedDecember 31, 2022 | Direct Mining and Production Costs | By-Product Credits | Royalties and Production Taxes | Write-Downs and Inventory Change | Costs Applicable to Sales (3)(4) | Depreciation and Amortization | Reclamation and Remediation | Total Production Costs (5) | All-In Sustaining Costs per Ounce Sold (1)(2)(4) |
| CC&V | $1,141 | $(9) | $80 | $90 | $1,302 | $386 | $28 | $1,716 | $1,697 |
| Musselwhite | $1,109 | $(3) | $35 | $(6) | $1,135 | $464 | $13 | $1,612 | $1,531 |
| Porcupine | $1,012 | $(4) | $31 | $(35) | $1,004 | $369 | $8 | $1,381 | $1,248 |
| Éléonore | $1,183 | $(1) | $40 | $6 | $1,228 | $531 | $7 | $1,766 | $1,599 |
| Peñasquito | $728 | $(5) | $31 | $17 | $771 | $258 | $8 | $1,037 | $968 |
| Merian | $815 | $(1) | $108 | $(7) | $915 | $199 | $5 | $1,119 | $1,105 |
| Cerro Negro | $1,031 | $(106) | $84 | $(2) | $1,007 | $525 | $9 | $1,541 | $1,262 |
| Yanacocha | $1,170 | $(12) | $56 | $40 | $1,254 | $380 | $24 | $1,658 | $1,477 |
| Boddington | $757 | $(12) | $46 | $11 | $802 | $145 | $10 | $957 | $921 |
| Tanami | $647 | $(2) | $45 | $(15) | $675 | $207 | $3 | $885 | $960 |
| Ahafo | $809 | $(1) | $114 | $68 | $990 | $292 | $7 | $1,289 | $1,178 |
| Akyem | $621 | $(3) | $136 | $50 | $804 | $340 | $14 | $1,158 | $972 |
| NGM | $1,002 | $(49) | $54 | $(18) | $989 | $404 | $8 | $1,401 | $1,220 |
| Total Gold | $875 | $(19) | $66 | $11 | $933 | $322 | $10 | $1,265 | $1,211 |
(1)Production costs and All-in sustaining costs are not comparable due to differences in the items included in each of the measures. All-in sustaining costs is a non-GAAP financial measure. Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.
The following tables detail operating statistics related to co-product metal production and sales:
| Year Ended December 31, 2024 | Tonnes Milled(000 tonnes) | Average Milled Grade | Average Mill Recovery Rate | Consolidated Pounds/Ounces Produced (millions) | Consolidated Pounds/Ounces Sold (millions) |
|---|---|---|---|---|---|
| Copper (pounds) | |||||
| Red Chris | 6,293 | 0.52% | 83.4% | 58 | 57 |
| Boddington | 34,936 | 0.14% | 83.1% | 83 | 83 |
| Cadia | 29,824 | 0.36% | 84.5% | 191 | 186 |
| Telfer (4) | 3,665 | 0.11% | 73.8% | 6 | 6 |
| Total Copper | 74,718 | 0.26% | 83.7% | 338 | 332 |
| Silver (ounces) (1) | 32,896 | 42.61 | 81.3% | 33 | 33 |
| Lead (pounds) (1) | 32,896 | 0.41% | 75.9% | 212 | 213 |
| Zinc (pounds) (1) | 32,896 | 1.13% | 83.0% | 569 | 545 |
| Year Ended December 31, 2023 | Tonnes Milled(000 tonnes) | Average Milled Grade | Average Mill Recovery Rate | Consolidated Pounds/Ounces Produced (millions) | Consolidated Pounds/Ounces Sold (millions) |
|---|---|---|---|---|---|
| Copper (pounds) | |||||
| Red Chris (2) | 1,139 | 0.40% | 81.2% | 8 | 7 |
| Boddington | 36,467 | 0.16% | 84.2% | 98 | 98 |
| Cadia (2) | 5,229 | 0.38% | 85.3% | 36 | 45 |
| Telfer (2) | 2,807 | 0.08% | 59.3% | 3 | 5 |
| Total Copper | 45,642 | 0.18% | 83.6% | 145 | 155 |
| Silver (ounces) (1) | 20,850 | 36.65 | 79.1% | 18 | 17 |
| Lead (pounds) (1) | 20,850 | 0.37% | 69.3% | 113 | 107 |
| Zinc (pounds) (1) | 20,850 | 0.78% | 78.5% | 230 | 222 |
| Year Ended December 31, 2022 | Tonnes Milled(000 tonnes) | Average Milled Grade | Average Mill Recovery Rate | Consolidated Pounds/Ounces Produced (millions) | Consolidated Pounds/Ounces Sold (millions) |
|---|---|---|---|---|---|
| Copper (pounds) (3) | 37,240 | 0.14% | 81.5% | 84 | 85 |
| Silver (ounces) (1) | 35,928 | 32.27 | 86.8% | 30 | 30 |
| Lead (pounds) (1) | 35,928 | 0.27% | 74.7% | 149 | 147 |
| Zinc (pounds) (1) | 35,928 | 0.70% | 81.3% | 377 | 373 |
(1)For the years ended December 31, 2024, 2023 and 2022, all of our silver, lead, and zinc co-product production came from Peñasquito.
(2)Sites acquired through the Newcrest transaction in 2023. Refer to Note 3 to the Consolidated Financial Statements for further information.
(3)For the year ended December 31, 2022, all of our copper co-product production came from Boddington.
The following tables detail operating statistics related to co-product metal production costs per gold equivalent ounce (“GEO”) sold. Gold equivalent ounces are calculated as pounds or ounces produced multiplied by the ratio of the other metals’ price to the gold price, using the metal prices in the table below:
| Gold | Copper | Silver | Lead | Zinc | |
|---|---|---|---|---|---|
| (ounce) | (pound) | (ounce) | (pound) | (pound) | |
| 2024 GEO Price | $1,400 | $3.50 | $20.00 | $1.00 | $1.20 |
| 2023 GEO Price | $1,400 | $3.50 | $20.00 | $1.00 | $1.20 |
| 2022 GEO Price | $1,200 | $3.25 | $23.00 | $0.95 | $1.15 |
| Year Ended December 31, 2024 | Red Chris | Peñasquito | Boddington | Cadia | Telfer (4) | Total / Weighted-Average |
|---|---|---|---|---|---|---|
| Consolidated GEO sold (thousands) | 142 | 1,088 | 205 | 465 | 16 | 1,916 |
| Production costs per GEO sold: (1)(3) | ||||||
| Costs applicable to sales (2) | $1,209 | $831 | $994 | $603 | $2,398 | $834 |
| Depreciation and amortization | 366 | 343 | 189 | 263 | 161 | 307 |
| Reclamation and remediation | 37 | 15 | 16 | 5 | 106 | 15 |
| Total production costs per GEO sold | $1,612 | $1,189 | $1,199 | $871 | $2,665 | $1,156 |
| All-in sustaining costs per GEO sold (1)(2)(3) | $1,640 | $1,090 | $1,172 | $987 | $2,885 | $1,161 |
| Year Ended December 31, 2023 | Red Chris (5) | Peñasquito | Boddington | Cadia (5) | Telfer (5) | Total / Weighted-Average |
|---|---|---|---|---|---|---|
| Consolidated GEO sold (thousands) | 16 | 507 | 246 | 114 | 13 | 896 |
| Production costs per GEO sold: (1)(3) | ||||||
| Costs applicable to sales (2) | $1,020 | $1,283 | $830 | $1,017 | $1,703 | $1,127 |
| Depreciation and amortization | 181 | 561 | 144 | 127 | 109 | 378 |
| Reclamation and remediation | — | 28 | 12 | — | 6 | 19 |
| Total production costs per GEO sold | $1,201 | $1,872 | $986 | $1,144 | $1,818 | $1,524 |
| All-in sustaining costs per GEO sold (1)(2)(3) | $1,660 | $1,756 | $1,067 | $1,342 | $2,580 | $1,579 |
| Year Ended Year ended December 31, 2022 | Peñasquito | Boddington | Total / Weighted-Average |
|---|---|---|---|
| Consolidated GEO sold (thousands) | 1,044 | 231 | 1,275 |
| Production costs per GEO sold: (1)(3) | |||
| Costs applicable to sales (2) | $828 | $782 | $819 |
| Depreciation and amortization | 267 | 145 | 245 |
| Reclamation and remediation | 8 | 9 | 9 |
| Total production costs per GEO sold | $1,103 | $936 | $1,073 |
| All-in sustaining costs per GEO sold (1)(2)(3) | $1,112 | $894 | $1,114 |
(1)Production costs and All-in sustaining costs are not comparable due to differences in the items included in each of the measures. All-in sustaining costs is a non-GAAP financial measure. Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.
(2)Costs applicable to sales per GEO and All-in sustaining costs per GEO are non-GAAP financial measures. Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.
(3)Per GEO measures may not recalculate due to rounding.
(5)Sites acquired through the Newcrest transaction in 2023. Refer to Note 3 to the Consolidated Financial Statements for further information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.