NEWMONT Corp /DE/

Listed Company

NEMCLCIK 0001164727OTCLarge AcceleratedGold And Silver OresDelawareFY ends Dec 31

Period

FY 2025

Revenue

$22.67B

Net Income

$7.08B

Total Assets

$57.12B

Equity

$33.87B

Shares Out

1.07B

Op. Cash Flow

$10.33B

Business

NEWMONT Corp /DE/ is primarily a gold producer engaged in mining, processing and marketing precious and base metals through a global portfolio of operating mines, equity investments and exploration activities. It offers refined gold, doré and metal concentrates, and also produces copper, silver, lead and zinc sold to refiners and smelters. The company’s reportable segments comprise its managed mining operations and a proportionate interest in Nevada Gold Mines, with certain assets designated as held for sale. Newmont sells products across the Americas, Australia, Oceania and Africa through domestic and export channels to refiners, smelters and direct buyers.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales (Note 5)	22,669	18,682	11,812	11,915	12,222
Costs applicable to sales	8,085	8,963	6,699	6,468	5,435
Depreciation and amortization	2,521	2,576	2,108	2,185	2,323
Reclamation and remediation (Note 6)	249	328	1,533	921	1,846
Exploration	243	266	265	231	209
Advanced projects, research and development	166	197	200	229	154
General and administrative	382	442	299	276	259
Impairment charges	842	78	1,891	1,320	25
(Gain) loss on sale of assets held for sale	−1,066	1,114	0	0	571
Other expense, net (Note 8)	286	191	517	82	143
Total costs and expenses	11,708	14,155	13,512	11,712	10,965
Change in fair value of investments and options	604	62	−47	—	—
Other income (loss), net (Note 9)	6	363	−41	−27	125
Interest expense, net of capitalized interest of $144, $114 and $89, respectively	−229	−375	−243	−227	−274
Total other income (expense)	381	50	−331	−254	−149
Income (loss) before income and mining tax and other items	11,342	4,577	−2,031	−51	1,108
Income and mining tax benefit (expense) (Note 10)	−4,596	−1,397	−526	−455	−1,098
Equity income (loss) of affiliates (Note 15)	421	133	63	107	166
Net income (loss) from continuing operations	7,167	3,313	−2,494	−399	176
Net income (loss) from discontinued operations (Note 1)	0	68	27	30	57
Net income (loss)	7,167	3,381	−2,467	−369	233
Net loss (income) attributable to non-controlling interests (Note 1)	−82	−33	−27	−60	933
Net income (loss) attributable to Newmont stockholders	7,085	3,348	−2,494	−429	1,166
Continuing operations	7,085	3,280	−2,521	−459	1,109
Discontinued operations	0	68	27	30	57
Basic (in shares)	1,106	1,146	841	794	799
Effect of employee stock-based awards (in shares)	2	2	0	1	2
Diluted (in shares)	1,108	1,148	841	795	801
Continuing operations (in dollars per share)	6.41	2.86	−3	−0.58	1.39
Discontinued operations (in dollars per share)	0	0.06	0.03	0.04	0.07
Net income (loss) per common share, basic (in dollars per share)	6.41	2.92	−2.97	−0.54	1.46
Continuing operations (in dollars per share)	6.39	2.86	−3	−0.58	1.39
Discontinued operations (in dollars per share)	0	0.06	0.03	0.04	0.07
Net income (loss) per common share, diluted (in dollars per share)	6.39	2.92	−2.97	−0.54	1.46

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	7,647	3,619	3,002	2,877	4,992
Trade receivables (Note 5)	1,067	1,056	734	366	337
Investments (Note 15)	594	21	23	880	82
Inventories (Note 16)	1,512	1,423	1,663	979	930
Stockpiles and ore on leach pads (Note 17)	1,177	761	979	774	857
Other receivables	678	496	493	324	—
Other current assets	391	290	913	303	498
Assets held for sale (Note 3)	0	4,609	0	—	—
Current assets	13,066	12,275	7,512	6,515	7,696
Property, plant and mine development, net (Note 18)	33,310	33,547	37,563	24,073	24,124
Investments ($212 valued under fair value option at December 31, 2024) (Note 15)	4,186	4,471	4,143	3,278	3,243
Stockpiles and ore on leach pads (Note 17)	2,410	2,266	1,935	1,716	1,775
Deferred income tax assets (Note 10)	45	124	268	173	269
Goodwill (Note 19)	2,658	2,658	3,001	1,971	2,771
Other non-current assets	1,446	1,008	640	560	686
Total assets	57,121	56,349	55,506	38,482	40,564
Accounts payable	816	843	960	633	518
Employee-related benefits (Note 11)	898	630	551	399	386
Income and mining taxes (Note 10)	1,188	381	88	199	384
Lease and other financing obligations (Note 21)	118	107	114	96	106
Debt (Note 20)	0	924	1,923	0	87
Other current liabilities ($339 valued under fair value option at December 31, 2025) (Note 22)	2,692	2,481	2,362	1,599	1,173
Liabilities held for sale (Note 3)	0	2,177	0	—	—
Current liabilities	5,712	7,543	5,998	2,926	2,654
Debt (Note 20)	5,115	7,552	6,951	5,571	5,565
Lease and other financing obligations (Note 21)	356	389	448	465	544
Reclamation and remediation liabilities (Note 6)	6,297	6,394	8,167	6,578	5,839
Deferred income tax liabilities (Note 10)	4,045	2,820	2,987	1,809	2,144
Employee-related benefits (Note 11)	634	555	655	342	439
Silver streaming agreement (Note 5)	598	699	779	828	910
Other non-current liabilities ($51 valued under fair value option at December 31, 2024) (Note 22)	322	288	316	430	608
Total liabilities	23,079	26,240	26,301	18,949	18,703
Commitments and contingencies (Note 24)	—	—	—	—	—
Common stock - $1.60 par value;	1,753	1,813	1,854	1,279	1,276
Treasury stock - 7 million and 7 million shares, respectively	−301	−278	−264	−239	−200
Additional paid-in capital	28,847	29,808	30,419	17,369	17,981
Accumulated other comprehensive income (loss) (Note 23)	137	−95	14	29	−133
Retained earnings (Accumulated deficit)	3,431	−1,320	−2,996	916	3,098
Newmont stockholders' equity	33,867	29,928	29,027	19,354	22,022
Noncontrolling interests	175	181	178	179	−209
Total equity	34,042	30,109	29,205	19,533	21,813
Total liabilities and equity	57,121	56,349	55,506	38,482	40,564

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income taxes	1,391	80	−104	−278	−109
Change in fair value of investments and options	−604	−62	47	46	135
Reclamation and remediation	219	302	1,506	892	1,827
Loss (gain) on debt extinguishment	101	−32	0	—	—
Stock-based compensation	99	89	80	73	72
Other non-cash adjustments	−126	−115	233	98	−5
Trade and other receivables	−93	−441	−240	—	—
Inventories, stockpiles and ore on leach pads	−454	−534	−187	—	—
Other assets	−247	64	50	—	—
Accounts payable	−19	−2	−42	—	—
Reclamation and remediation liabilities	−803	−433	−275	—	—
Accrued tax liabilities	1,039	235	−197	—	—
Other accrued liabilities	367	86	378	—	—
Net cash provided by (used in) operating activities of continuing operations	10,334	6,318	2,754	3,198	4,266
Net cash provided by (used in) operating activities of discontinued operations	0	45	9	22	13
Net cash provided by (used in) operating activities	10,334	6,363	2,763	3,220	4,279
Additions to property, plant and mine development	−3,035	−3,402	−2,666	−2,131	−1,653
Proceeds from sales of mining operations and other assets, net	2,811	560	0	16	84
Proceeds from sales of investments	986	21	234	171	194
Return of investment from equity method investees	62	56	36	62	18
Contributions to equity method investees	−59	−96	−108	−194	−150
Purchases of investments	−14	−66	−551	−940	−59
Maturities of investments	0	28	1,363	93	0
Acquisitions, net	0	0	668	−15	−328
Other	−145	44	22	−45	26
Net cash provided by (used in) investing activities of continuing operations	606	−2,855	−1,002	−2,983	−1,868
Net cash provided by (used in) investing activities of discontinued operations	0	153	0	0	0
Net cash provided by (used in) investing activities	606	−2,702	−1,002	−2,983	−1,868
Repayment of debt	−3,430	−3,860	0	−89	−1,382
Repurchases of common stock	−2,303	−1,246	0	0	−525
Dividends paid to common stockholders	−1,106	−1,145	−1,415	−1,746	−1,757
Distributions to noncontrolling interests	−217	−161	−150	−191	−200
Funding from noncontrolling interests	133	115	138	117	100
Payments on lease and other financing obligations	−95	−87	−67	−66	−73
Payments for withholding of employee taxes related to stock-based compensation	−23	−14	−25	−39	−32
Proceeds from issuance of debt, net	0	3,476	0	0	—
Other	1	−31	−84	6	−55
Net cash provided by (used in) financing activities	−7,040	−2,953	−1,603	−2,356	−2,958
Effect of exchange rate changes on cash, cash equivalents and restricted cash	−4	−20	−2	−30	−8
Net change in cash, cash equivalents and restricted cash, including cash and restricted cash reclassified to assets held for sale	3,896	688	156	−2,149	—
Less: Cash and restricted cash reclassified to assets held for sale	138	−138	0	0	—
Net change in cash, cash equivalents and restricted cash	4,034	550	156	−2,149	−555
Interest paid, net of amounts capitalized	233	317	228	172	229

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