Newmont (NEM) 10-K risk factor changes: FY2023 vs FY2022

A substantial or extended decline in gold, [removed: silver,] copper, [removed: zinc or] [added: silver,] lead [added: or zinc] prices would have a material adverse effect on us.

Our business is dependent on the prices of gold, [removed: silver,] copper, [removed: zinc] [added: silver, lead] and [removed: lead,] [added: zinc,] which fluctuate on a daily basis and are affected by numerous factors beyond our control.

- Recession or reduced economic activity in the United States, [added: Australia,] China, India and other industrialized or developing countries;

Average gold prices for [removed: 2022] [added: 2023] were [removed: $1,800] [added: $1,941] per ounce [removed: (2021: $1,799; 2020: $1,770),] [added: (2022: $1,800; 2021: $1,799),] average copper prices for [removed: 2022] [added: 2023] were [removed: $3.99] [added: $3.85] per pound [removed: (2021: $4.23; 2020: $2.80),] [added: (2022: $3.99; 2021: $4.23),] average silver prices for [removed: 2022] [added: 2023] were [removed: $21.73] [added: $23.35] per ounce [removed: (2021: $25.12; 2020: $20.55),] [added: (2022: $21.73; 2021: $25.12),] average lead prices for [removed: 2022] [added: 2023] were [removed: $0.98] [added: $0.97] per pound [removed: (2021: $1.00; 2020: $0.83)] [added: (2022: $0.98; 2021: $1.00),] and average zinc prices for [removed: 2022] [added: 2023] were [removed: $1.58] [added: $1.20] per pound [removed: (2021: $1.36; 2020: $1.03).][added: (2022: $1.58; 2021: $1.36).]

Any decline in our realized prices adversely impacts our revenues, net income and operating cash flows, particularly in light of our strategy of not engaging in hedging transactions with respect to sales of gold, [removed: silver,] copper, [added: silver,] lead or zinc.

We have recorded impairments in the current year and may experience additional impairments in future years as a result of lower gold, [removed: silver,] copper, [removed: zinc or] [added: silver,] lead [added: or zinc] prices.

- Reduce existing reserves by removing ores from reserves that can no longer be economically processed at prevailing [removed: prices][added: prices.]

We may be unable to replace gold, [removed: silver,] copper, [removed: zinc or] [added: silver,] lead [added: or zinc] reserves as they become depleted.

Other factors that affect our decision to make any such acquisitions may also include our assumptions for future gold, [removed: silver,] copper, [removed: zinc or] [added: silver,] lead [added: or zinc] prices or other mineral prices and the projected economic returns and evaluations of existing or potential liabilities associated with the property and its operations and projections of how these may change in the future.

Other than historical operating results, all [removed: of] these factors are uncertain and may have an impact on our revenue, our cash flow and other operating issues, as well as contributing to the uncertainties related to the process used to estimate reserves and resources.

The reserves stated in this report represent the amount of gold, copper, silver, [removed: lead and] [added: lead,] zinc [added: and molybdenum] that we estimated, at December 31, [removed: 2022,] [added: 2023,] could be economically and legally extracted or produced at the time of the reserve determination.

Such estimates are, or will be, to a large extent, based on the prices of gold, [removed: silver,] copper, [removed: zinc] [added: silver, lead, zinc,] and [removed: lead] [added: molybdenum] and interpretations of geologic data obtained from drill holes and other exploration techniques, which data may not necessarily be indicative of future results.

If our reserve estimations are required to be revised due to significantly lower gold, [added: copper,] silver, [added: lead,] zinc, [removed: copper] and [removed: lead] [added: molybdenum] prices, increases in operating costs, reductions in metallurgical recovery or other modifying factors, this could result in material write-downs of our investment in mining properties, goodwill and increased amortization, reclamation and closure charges.

Producers use [added: pre-feasibility or] feasibility studies for undeveloped ore bodies to derive estimates of capital and operating costs based upon anticipated tonnage and grades of ore to be mined and processed, the predicted configuration of the ore body, expected recovery rates of metals from the ore, the costs of comparable facilities, the costs of operating and processing equipment and other factors.

In addition, if the price of gold, [removed: silver,] copper, [removed: zinc] [added: silver, lead, zinc,] or [removed: lead] [added: molybdenum] declines from recent levels, if production costs increase, grades decline, recovery rates decrease or if applicable laws and regulations are adversely changed, the indicated level of recovery may not be realized or mineral reserves or resources might not be mined or processed profitably.

To the extent that regulators adopt new requirements and issue or modify related guidance and interpretations in the future, it could [removed: results] [added: result] in changes to mineral reserve and mineral resource information.

Such projects could experience unexpected problems and delays during [added: permitting,] development, construction and mine start-up.

- Adverse [removed: geotechnical] [added: geotechnical, geothermal and hydrogeological] conditions;

- Availability, supply and cost including: [added: critical assets,] water, reagents, and power;

- Potential delays and restrictions in connection with health and safety issues, including pandemics (such as COVID-19 and related variants) and other infectious [removed: diseases;][added: diseases, such as malaria or the zika virus;]

- Potential challenges to mining activities or to permits or other approvals or delays in development and construction of projects based on claims of disturbance of cultural resources or the inability to secure consent [removed: for such disturbance.][added: generally from Indigenous groups.]

We may also have to identify adequate sources of water and power for new projects, ensure that appropriate community [added: infrastructure (for example, reliable rail, ports, roads, and bridges) is developed to support the project and secure appropriate financing to fund a new project.]

These estimates are periodically updated to reflect changes in our operations, including modifications to our proven and probable [removed: reserves and resources,] [added: reserves,] revisions to environmental obligations, changes in legislation and/or our political or economic [removed: environment, and other significant events associated with mining operations.]

It is possible that in the future, high inflation in the countries in which we operate may result in an increase in operational costs in local currencies (without a concurrent devaluation of the local currency of operations against the dollar or an increase in the dollar price of gold, [removed: silver,] copper, [removed: zinc] [added: silver, lead] or [removed: lead).][added: zinc).]

Estimates of the total ultimate closure and rehabilitation costs for gold, silver, copper, zinc and lead mining operations are significant and based principally on current [removed: legal] [added: legal, community] and regulatory requirements and mine closure plans that may change materially.

Environmental liabilities are accrued when they become known, [added: or new permit conditions or limits] are [added: added, are] probable and can be reasonably estimated.

For example, in early 2015 and again in June 2017, the Peruvian government agency responsible for certain environmental regulations, the [removed: Ministry of the Environment (“MINAM”),] [added: MINAM,] issued proposed modifications to water quality criteria for designated beneficial uses which apply to mining [removed: companies, including Yanacocha.]

In 2017, Yanacocha submitted a modification to its previously approved compliance achievement plan to the [removed: Mining Ministry (“MINEM”).][added: MINEM.]

In May 2022, Yanacocha submitted a [removed: proposal] [added: proposed] modification to this plan requesting an extension of time for coming into full compliance with the new regulations [removed: in] [added: to] 2027.

These ongoing studies, which will extend beyond the current year, were progressed in [removed: the fourth quarter of 2022] [added: 2023] as the study team continued to evaluate and revise assumptions and estimated costs of changes to the reclamation plan.

While certain estimated costs remain subject to revision, in conjunction with the Company’s annual [removed: 2022] [added: 2023] update process for all asset retirement obligations, the Company recorded an increase of [removed: $511] [added: $1,131] to the Yanacocha reclamation liability based on the progress of the closure studies with a corresponding non-cash charge of [removed: $529] [added: $1,101] recorded to reclamation expense related to portions of site operations no longer in production with no expected substantive future economic value and [removed: $18] [added: $30] recorded as [removed: a decrease] [added: an increase] to the asset retirement cost for producing areas of the operation.

The annual [removed: 2022] [added: 2023] update included an initial consideration of known risks (including the associated risk that water treatment estimates could change in the future as more work is completed).

The ongoing Yanacocha closure studies are expected to be progressed in [removed: 2023] [added: 2024] and continue in the future.

Refer to Notes [removed: 5] [added: 6] and 25 [removed: of] [added: to] our Consolidated Financial Statements for information regarding reclamation and remediation, and Note 1 [removed: of] [added: to] our Consolidated Financial Statements regarding the Company’s interest in Yanacocha.

Our operations and business have [added: in the past] been affected by the COVID-19 pandemic, and may be materially and adversely impacted in the future by pandemics, epidemics and other health emergencies.

[removed: For example, in] [added: In] order to protect nearby communities and align with government travel restrictions or health [removed: considerations] [added: considerations,] certain of Newmont’s operations were temporarily put into care and maintenance resulting in a temporary decrease in production at these sites in 2020 and 2021.

Reductions in our operational activities due to COVID-19, or another pandemic, epidemic or health outbreak, could result in additional sites being placed [added: into care and maintenance for extended periods of time and/or have a material adverse impact on our business, or financial condition, results of operations and cash flows.]

[removed: The] [added: In addition, the] Company [removed: incurred, and could continue to incur] [added: incurred] costs [added: during 2020 and 2021] as a result of actions taken to protect against the [removed: impacts] [added: impact] of the COVID-19 pandemic and [removed: to] comply with local mandates, [removed: including but not limited additional health screenings, incremental travel, security] and [removed: employee-related costs.][added: could be required to incur such costs in the future.]

Damage to our reputation can be the result of the actual or perceived occurrence of a variety of events and circumstances, and could result in negative publicity (for example, with respect to handling of environmental, [added: tailings and tailings failures,] employee, safety and security matters, dealings with local community organizations or individuals, community commitments, handling of cultural sites or resources, and various other matters).

We encourage employees and others to promptly report incidents of possible violations of the Code and/or our global policies and standards, including [added: without limitation] in the areas of business integrity, social and environmental, community relations and human rights.

Similarly, mineral reserves may be impacted if assumptions relating to mine planning change or are not achieved, for example if planned improvements from our Full Potential programs are not realized.

environment, and other significant events associated with or impacting mining operations.

companies, including Yanacocha.

In June 2023, Yanacocha received approval of its updated compliance plan from MINEM and was granted an extension to June 2026 to achieve compliance.

The Company appealed this approval to the Mining Council requesting the regulatory extension until 2027.

In December 2023, this appeal was granted and the Mining Counsel has established that MINEM must approve a new schedule considering permits, technical studies, logistics and the implementation of the plan.

In addition, new technology that could result in greater operational efficiency, such as our use of artificial intelligence, fleet electrification, and autonomous vehicles, may further expose our operations and computer systems to the risk of cybersecurity incidents.

In addition, following the Newcrest transaction, equity positions in several mining companies have become part of the Newmont portfolio and increase its exposure to non-managed investments.

For example, we hold a 32.0% equity interest in Lundin Gold, a Canadian mine development and operating company, operating the Fruta del Norte gold mine in Ecuador.

For example, the global COVID-19 pandemic significantly impacted our operations in 2020 and 2021, and to a lesser extent in 2022.

that we could otherwise deploy for investment opportunities or the payment of expenses.

In addition, PNG is currently experiencing a backlog by foreign and domestic companies and governmental agencies to convert Kina into foreign currencies.

The Bank of PNG implements foreign exchange controls and manages the exchange rate of the kina against the U.S. dollar.

There is a risk that further changes in foreign exchange controls may adversely impact future revenue and profitability.

However, U.S. and global markets have, from time to time, experienced significant dislocations and liquidity disruptions.

The Company’s repurchase program may be discontinued at any time, and the program does not obligate the Company to acquire any specific number of shares of its common stock or to repurchase the full authorized amount during the authorization period.

Consequently, the Board of Directors may revise or terminate such share repurchase authorization in the future.

We recorded substantial goodwill, primarily as the result of our acquisition of Newcrest in 2023.

We accounted for the acquisition of Newcrest using the acquisition method of accounting, which requires that purchase price is allocated to the underlying tangible and intangible assets acquired and liabilities assumed of Newcrest based on their respective fair market values.

Any excess

purchase price is allocated to goodwill.

Our balance sheet reflects additions to the carrying amount of goodwill recognized in connection with the Newcrest transaction.

With the delay of the Yanacocha Sulfides project, management will focus on optimizing its allocation of funds to current operations and other capital commitments, while also assessing execution options and project plans options, up to and including transitioning Yanacocha operations into full closure.

Moody’s Investors Service rating of Baa1 (positive outlook), and a Fitch Ratings rating of A- (stable outlook).

Mining operations involve a high degree of risk, including hazards related to the use of explosives and hazardous chemicals and critical equipment failure.

Our operations are subject to risks associated with the transportation, storage, handling and use of explosives and hazardous chemicals.

These include unplanned detonation of explosives and catastrophic release of hazardous chemicals (for example, due to vessel rupture resulting in an explosion or toxic gas release).

Critical equipment related risks that apply to various Newmont sites include for example, mill failure arising from catastrophic failure of a component, or unavailability of mine haul fleet.

Other critical equipment related risks may be site specific.

For example, asset integrity at Lihir may be impacted by the proximity of the mine to a corrosive marine environment.

The occurrence of such catastrophic events may result in work stoppages, damage to or destruction of mines and other producing facilities, damage to or loss of life and property, environmental damage and possible legal liability for any or all damage or loss and may adversely affect the Company’s operating results and financial condition

Production continuity and cost profile can be impacted by risks associated with the management and operation of the Company’s inbound global supply chain (including risks associated with the inventory management of critical equipment, spares and consumables).

We rely on our global supply chain to procure goods and services from contractors to conduct aspects of our operations and projects.

We are exposed to material availability, disruption and performance risks across our supply chain, including lack of suitable suppliers or contractors, cost increases, impacts of pandemics and epidemics on the supply chain, transportation and logistics issues including delays in delivery, disruption to trade flows due to geopolitical tensions and/or changes in legislation, performance of suppliers and contractors to contractual terms, and damage to our reputation caused by actions of our suppliers or contractors.

See the risk factors “*We rely on contractors to conduct a significant portion of our operations and construction projects”* and *“Our operations may be adversely affected by rising energy prices or energy shortages*” below for further information.

Inbound supply chain disruptions could lead to mine site production curtailment or stoppage if a critical material or labor input unavailability.

This could have a material adverse impact to our financial condition depending on the duration of the curtailment or stoppage.

The Company is also exposed to outbound supply chain risk, particularly fluctuating transportation charges, delays in delivery of shipments, theft, terrorism, geopolitical tensions and border closures and adverse weather conditions.

New or amended permits may also be required to continue existing activities, as new laws come into effect or regulators change their application of laws.

Obtaining and/or maintaining, extending, and renewing the Company’s rights, titles, or interests ("Legal Title") in and to these properties can be costly, subject to political and social risks, and no assurance can be provided that all necessary leases or other types of land tenure will be granted, maintained, extended, or renewed.

infrastructure (for example, reliable rail, ports, roads, and bridges) is developed to support the project and secure appropriate financing to fund a new project.

The Company did not receive a response or comments to this submission until 2021 and is in the process of updating its compliance achievement plan to address these comments.

During this interim period, Yanacocha separately submitted an Environmental Impact Assessment modification considering the ongoing operations and the projects to be developed and obtained authorization from MINEM for such projects.

This authorization included a deadline for compliance with the modified water quality criteria by January 2024.

In the event that MINEM does not grant Yanacocha an extension of the previously authorized timeline for, and agree to, the updated compliance achievement plan, fines and penalties relating to non-compliance may result beyond January 2024.

The global COVID-19 pandemic has had major impacts on the world, our industry and our Company.

Despite protocols we have developed and deployed, COVID-19 and its variants present ongoing risks and challenges, and could continue to impact our people, operations and surrounding Communities.

Efforts to control the spread of COVID-19 impacted the operation of Newmont’s mines and the development of projects and exploration activities and may continue to do so in the future.

The governments in many of the jurisdictions in which we operate implemented restrictive measures such as travel bans, quarantine and self-isolation at various times during the pandemic and may do so again in the future.

The scope and duration of any such restrictions remains outside of the Company’s control.

The Company carefully considers government restrictions and the needs of its employees and host communities.

Additionally, based upon evolving contagion rates or occurrences at our operating sites, senior management or the Board may be required to or decide to reduce or limit operational activities to essential care and maintenance procedures including the management of critical environmental systems.

into care and maintenance for extended periods of time and/or have a material adverse impact on our business, or financial condition, results of operations and cash flows.

Other impacts of changing government restrictions and the evolving health environment in connection with pandemics, epidemics or health outbreaks and emergencies could include prolonged travel restraints, more stringent shipment restraints, delays in product refining and smelting due to restrictions or temporary closures, other supply chain disruptions and workforce interruptions, including loss of life, and reputational damage in connection with challenges or reactions to action or perceived inaction by the Company, which could have a material adverse effect on the Company’s cash flows, earnings, results of operations and financial position.

corruption of data, security breaches, other manipulation or improper use of our systems and networks or financial losses from remedial actions.

Management makes multiple assumptions in estimating future cash

The Company is currently in the process of assessing project plan options for the Yanacocha Sulfides project.

conditions and the funded status of its qualified pension plans in determining whether additional contributions are appropriate.

Obtaining and/or maintain and renewing lease arrangements can be costly, and no assurance can be provided that all necessary lease arrangements and renewals will be achieved or maintained at all times.

As the Company continues to work through incorporating the requirements of the GISTM, the life of mine tailings study has been re-initiated to explore options for tailings deposition.

This study is due to be completed in 2023 and requires extensive environmental assessment.

Further, the Boddington operation is primarily located on mining leases with renewal dates commencing in 2028 and no assurances can be provided that such renewals and additional lease scope for further tailings capacity will be secured at similar cost or at all.

away from the facilities.

While

Newmont may choose to adopt more ambitious targets in the future in connection with evolving best practices and market demand, which may be increasingly challenging and costly to achieve.

water supplies needed to generate hydroelectric power purchased by the mine to run operations, which would result in higher costs and/or limit energy availability for continuity of operations as well as impact our environmental systems and processes.

Unanticipated adverse geotechnical and hydrogeological conditions, may occur.

For example, seismic activity, such as seismic activity experienced at our Éléonore mine, surface or underground fires, floods, landslides and pit wall failures, can be difficult to predict.

TSF seepage or failures event could occur in the future.

Newmont is committed to the implementation of the GISTM.

We are working to bring our priority facilities (those with 'very high' or 'extreme' consequence classification) in conformance by August 2023, and all other TSFs are expected to be in conformance with the GISTM in the second half of 2025.

The availability to access renewable power (with greater competition) and the readiness of

Operations have identified seepage from infrastructure (tailings, waste rock and seepage) that may have an impact on groundwater.

For instance, a 12% export duty was imposed by the Argentine government in 2018, revised down to 8% thereafter, which could affect our Argentine operations.

In the province of Santa Cruz, Argentina, a local procurement law was passed in 2021 requiring extractive industries to procure at least 50% of their goods and services from registered local providers, which could further impact our operational results.

Both certificates have been placed on hold to engage in proper process in accordance with Ghana’s Labor laws, and until Newmont and the unions agree on the class of workers to be represented.

The outcome of that engagement and whether such certificates will be granted remains to be determined.

In Suriname, the previous labor agreement held with the union for our Merian mine expired in 2021, and negotiations remain in progress.

October 2023.

In appropriate circumstances, we communicate with authorities in the United States and elsewhere about those investigations and reviews.

For information concerning the sensitivity of our impairment analysis over long-lived assets and goodwill to changes in metal price, refer to Critical Accounting Estimates within Item 7, MD&A, and Notes 2, [removed: 6] [added: 7] and 19 to the Consolidated Financial Statements.

The significant assumptions in determining the stockpile, leach pad and product inventory adjustments for each mine site reporting unit at December 31, [removed: 2022] [added: 2023] included production cost and capitalized expenditure assumptions unique to each operation, and the following short-term and long-term assumptions:

| Gold price (per ounce) | | | $ | [removed: 1,726] [added: 1,971] | | | | | $ | [removed: 1,600] [added: 1,700] | |

| Copper price (per pound) | | | $ | [removed: 3.63] [added: 3.70] | | | | | $ | [removed: 3.50] [added: 3.75] | |

| Silver price (per ounce) | | | $ | [removed: 21.17] [added: 23.20] | | | | | $ | [removed: 20.00] [added: 22.00] | |

| Lead price (per pound) | | | $ | [removed: 0.95] [added: 0.96] | | | | | $ | [removed: 1.05] [added: 0.90] | |

| Zinc price (per pound) | | | $ | [removed: 1.36] [added: 1.13] | | | | | $ | [removed: 1.30] [added: 1.25] | |

| AUD to USD exchange rate | | | $ | [removed: 0.66] [added: 0.65] | | | | | $ | [removed: 0.75] [added: 0.70] | |

| CAD to USD exchange rate | | | $ | [removed: 0.74] [added: 0.73] | | | | | $ | [removed: 0.80] [added: 0.75] | |

| MXN to USD exchange rate | | | $ | [removed: 0.05] [added: 0.06] | | | | | $ | [removed: 0.04] [added: 0.05] | |

[added: Fixed-rate debt.] We are subject to interest rate risk related to the fair value of our senior notes which consist of fixed rates.

Refer to Note [removed: 13] [added: 20] to our Consolidated Financial Statements for further information pertaining to the fair value of our fixed rate debt.

In addition to our operations in the U.S., we have significant operations and/or assets in Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, [removed: Australia] [added: Australia, Papua New Guinea, Ecuador, Fiji] and Ghana.

All of our operations sell their gold, copper, silver, [removed: lead] [added: lead,] and zinc production based on USD metal prices.

Fluctuations in the local currency exchange rates in relation to the U.S. dollar can increase or decrease profit margins, cash flow and *Costs applicable to sales* per [removed: ounce/pound] [added: ounce] to the extent costs are paid in local currency at foreign operations.

We performed a sensitivity analysis to estimate the impact to *Costs applicable to sales* per ounce arising from a hypothetical 10% adverse movement to local currency exchange rates at December 31, [removed: 2022] [added: 2023] in relation to the U.S. dollar at our foreign mining operations.

The sensitivity analyses indicated that a hypothetical 10% adverse movement would result in an approximate [removed: $33] [added: $58] increase to *Costs applicable to sales* per [added: gold] ounce at December 31, [removed: 2022.][added: 2023.]

In October 2022, the Company entered into A$574 of AUD-denominated fixed forward contracts to mitigate variability in the USD functional cash flows related to the AUD-denominated capital expenditures expected to be incurred in 2023 and 2024 during the construction and development phase of the Tanami Expansion 2 project included in the Company's [removed: Australia] [added: Tanami] segment.

[removed: The Company has] designated the forward contracts as foreign currency cash flow hedges against the forecasted AUD-denominated Tanami Expansion 2 capital expenditures.

We have performed a sensitivity analysis as of December 31, [removed: 2022,] [added: 2023,] using a modeling technique that measures the change in the fair values arising from a hypothetical 10% adverse movement in the AUD foreign currency exchange rates relative to the U.S. dollar, with all other variables held constant.

The foreign currency exchange rates we used in performing the sensitivity analysis were based on AUD market rates in effect at December 31, [removed: 2022.][added: 2023.]

The sensitivity analyses indicated that a hypothetical 10% adverse movement in foreign currency exchange rates would result in an approximate decrease in the fair value of the hedging derivative instruments of [removed: $40] [added: $15] at December 31, [removed: 2022.][added: 2023.]

Refer below for our analysis as of December 31, [removed: 2022.][added: 2023.]

| | | | Provisionally Priced Sales Subject to Final Pricing [added: (1)] | | | | | | Average Provisional Price (per ounce/pound) | | | | | | Effect of 10% change in Average Price (millions) | | | | | | Market Closing Settlement Price [removed: (1)] [added: (2)] (per ounce/pound) | | |

| Copper (pounds, in millions) | | | [removed: 37] [added: 104] | | | | | | $ | [removed: 3.80] [added: 3.88] | | | | | $ | [removed: 10] [added: 28] | | | | | $ | [removed: 3.80] [added: 3.84] | |

| Silver (ounces, in millions) | | | [removed: 4] [added: 3] | | | | | | $ | [removed: 23.86] [added: 23.89] | | | | | $ | [removed: 6] [added: 5] | | | | | $ | [removed: 23.95] [added: 23.79] | |

| Lead (pounds, in millions) | | | [removed: 26] [added: 25] | | | | | | $ | [removed: 1.05] [added: 0.93] | | | | | $ | [removed: 2] [added: 1] | | | | | $ | [removed: 1.06] [added: 0.92] | |

| Zinc (pounds, in millions) | | | [removed: 74] [added: 31] | | | | | | $ | [removed: 1.35] [added: 1.20] | | | | | $ | [removed: 7] [added: 2] | | | | | $ | [removed: 1.37] [added: 1.20] | |

[removed: (1)The] [added: (2)The] closing settlement price as of December 31, [removed: 2022] [added: 2023] is determined utilizing the London Metal Exchange for copper, lead and zinc and the London Bullion Market Association for gold and silver.

We have both fixed-rate and variable-rate debt.

Changes in interest rates impact the cash flows of variable-rate debt but generally do not impact their fair value.

Conversely, changes in interest rates impact the fair value of fixed-rate debt but do not impact their cash flows.

Variable-rate debt. Our variable-rate debt at December 31, 2023 consists of the bilateral bank debt facilities acquired in connection with the Newcrest transaction.

The bilateral bank debt facilities have a total borrowing capacity of $2,000 with $77 available at December 31, 2023.

Interest is based on Term SOFR plus a credit spread and margin.

We performed a sensitivity analysis to estimate the impact to *Interest expense, net of capitalized interest* arising from a hypothetical 10% adverse movement to the year-end SOFR rate as at December 31, 2023.

The sensitivity analysis, which included the high-end of the margin, indicated that a hypothetical 10% adverse movement would result in an approximate $2 increase to *Interest expense, net of capitalized interest* for the period from acquisition on November 6, 2023 to December 31, 2023.

In May 2023, the Company entered into C$348 of CAD-denominated and A$648 of AUD-denominated fixed forward contracts to mitigate variability in the USD functional cash flows related to the CAD-denominated and AUD-denominated operating expenditures expected to be incurred in 2023 included in the Company's operations located in Canada and Australia, respectively.

The Company designated the fixed forward contracts as foreign currency cash flow hedges against the forecasted CAD-denominated and AUD denominated operating expenditures.

The hedge programs matured as of December 31, 2023.

The Company has

| Gold (ounces, in thousands) | | | 257 | | | | | | $ | 2,071 | | | | | $ | 37 | | | | | $ | 2,078 | |

| Molybdenum (pounds, in millions) (3) | | | 1 | | | | | | $ | 19.62 | | | | | $ | 1 | | | | | $ | 18.53 | |

(1)Includes provisionally priced by-product sales subject to final pricing, which are recognized in *Costs applicable to sales.*

(3)Molybdenum is a by-product at the Cadia site and is recognized in *Costs applicable to sales*.

| Gold (ounces, in thousands) | | | 159 | | | | | | $ | 1,817 | | | | | $ | 19 | | | | | $ | 1,814 | |

Newmont Corporation was incorporated in 1921 and is primarily a gold producer with significant operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, [removed: Australia] [added: Australia, Papua New Guinea, Ecuador, Fiji] and Ghana.

At December 31, [removed: 2022,] [added: 2023,] Newmont had attributable proven and probable gold reserves of [removed: 96.1] [added: 135.9] million ounces, attributable measured and indicated gold resources of [removed: 75.3] [added: 104.8] million ounces, attributable inferred gold resources of [removed: 36.1] [added: 69.1] million ounces, and an aggregate land position of approximately [removed: 23,700] [added: 24,900] square miles [removed: (61,500] [added: (64,400] square kilometers).

Newmont is also engaged in the production of copper, silver, [removed: lead] [added: lead,] and zinc.

For information on acquisitions and asset sales impacting the comparability of our results, refer to Notes 1 and [removed: 8] [added: 9] to the Consolidated Financial Statements, respectively.

Refer to Item 1A, Risk Factors, below, and Note [removed: 3] [added: 4] to the Consolidated Financial Statements for further information relating to our reportable segments.

Refer to Note [removed: 4] [added: 5] to the Consolidated Financial Statements for information relating to domestic and export sales and lack of dependence on a limited number of customers.

References in this report to “attributable” means that portion of gold, copper, silver, [removed: lead or] [added: lead,] zinc [added: or molybdenum] produced, sold or included in proven and probable reserves and measured, indicated and inferred resources based on our proportionate ownership, unless otherwise noted.

For [removed: 2022, 2021] [added: the years ended December 31, 2023, 2022] and [removed: 2020, 87%, 86%] [added: 2021, 89%, 87%] and [removed: 90%,] [added: 86%,] respectively, of our *Sales* were attributable to gold.

[removed: Doré is sent to refiners to produce bullion that] meets the required market standard of 99.95% gold.

[removed: A] [added: Additionally, a] portion of gold [removed: sold from Peñasquito in North America and Boddington in Australia] is sold in [removed: a] concentrate containing other metals such as copper, silver, [removed: lead] [added: lead, zinc] and/or [removed: zinc.][added: molybdenum.]

[added: Based on public information] available, for the years [removed: 2020] [added: ended December 31, 2021] through [removed: 2022,] [added: 2023,] mine production has averaged approximately 75% of the annual gold supply with the remainder primarily sourced from recycled gold.

On February [removed: 16, 2023,] [added: 15, 2024,] the afternoon LBMA gold price was [removed: $1,837] [added: $2,004] per ounce.

Copper production at [removed: Boddington] [added: Boddington, Red Chris, Cadia,] and [added: Telfer and] silver, lead and zinc production at Peñasquito are considered co-products.

Copper, silver, [removed: lead] [added: lead,] and zinc sales are generally in the form of concentrate that is sold to smelters for further treatment and refining.

The following table details consolidated co-product production and the percentage of *Sales* that was attributable to copper, silver, [removed: lead] [added: lead,] and zinc for the years ended December 31, [added: 2023,] 2022, [removed: 2021,] and [removed: 2020:][added: 2021:]

| | | | [removed: 2022 | | | | | | | | | 2021] [added: 2023] | | | | | | [added: 2022] | | | [removed: 2020] | | | [added: 2021] | | |

| Copper (pounds/millions) (1) | | | [removed: 84] [added: 145] | | | [removed: 3] [added: 5] | | % | | | | [removed: 71] [added: 84] | | | [removed: 2] [added: 3] | | % | | | | [removed: 56] [added: 71] | | | [removed: 1] [added: 2] | | % |

| Silver (ounces/millions) (2) | | | [removed: 29.7] [added: 18] | | | [removed: 5] [added: 3] | | % | | | | [removed: 31.4] [added: 30] | | | 5 | | % | | | | [removed: 27.8] [added: 31] | | | 5 | | % |

| Lead (pounds/millions) (2) | | | [removed: 149] [added: 113] | | | 1 | | % | | | | [removed: 177] [added: 149] | | | [removed: 2] [added: 1] | | % | | | | [removed: 179] [added: 177] | | | [removed: 1] [added: 2] | | % |

| Zinc (pounds/millions) (2) | | | [removed: 377] [added: 230] | | | [removed: 4] [added: 2] | | % | | | | [removed: 435] [added: 377] | | | [removed: 5] [added: 4] | | % | | | | [removed: 381] [added: 435] | | | [removed: 3] [added: 5] | | % |

[removed: (1)All] [added: (2)All] of our [removed: copper] [added: silver, lead and zinc] co-product production came from [removed: Australia.][added: Peñasquito.]

Aside from the co-product sales at [removed: Boddington and] [added: Red Chris,] Peñasquito, [removed: copper] [added: Boddington, Cadia,] and [removed: silver] [added: Telfer, copper, silver, and molybdenum] produced at other Newmont sites are by-product metals.

The sulfides are removed from the cell and converted into a concentrate that can then be processed in an [removed: autoclave] [added: autoclave, roaster,] or [removed: roaster] [added: fine grinding circuit] to recover the [removed: gold.][added: gold through leaching.]

*Concentrate.* [removed: At Peñasquito, sulfide] [added: Sulfide] ore is delivered to a crushing and grinding plant which feeds a sulfide processing plant.

[removed: At Boddington, ore] [added: Ore] containing copper and gold is crushed to a coarse size at the mine and then transported via conveyor to a process plant, where it is further crushed and then finely ground as a slurry.

The ore is initially treated by successive stages of flotation resulting in a gold/copper concentrate containing approximately [removed: 15%] [added: 10%] to [removed: 20%] [added: 26%] copper.

The flotation tailings have a residual gold content that is recovered in [added: either] a carbon-in-leach [removed: circuit.][added: circuit or is dewatered and loaded onto trucks for transportation off-site.]

Our competitive position is based on the size and grade of our ore bodies anchored in [added: a large portfolio of Tier 1 assets located in] favorable mining [removed: jurisdictions and our ability to manage costs compared with other producers.][added: jurisdictions.]

Other than operating licenses for our mining and processing facilities, there are no [removed: third party] [added: third-party] patents, [added: operating] licenses or franchises material to our business.

In many countries, however, we conduct our mining and exploration activities pursuant to [removed: concessions granted by,] [added: land-related licenses which include leases, concessions, claims,] or [removed: under contracts with,] [added: prospecting licenses granted by] the host government.

These countries include, among others, the United States, Canada, Mexico, Peru, Suriname, [added: Chile,] Argentina, [removed: Australia] [added: Australia, Papua New Guinea, Ecuador, Fiji,] and Ghana.

Refer to Item 2, Properties, below for further information on [added: land-related] licenses and concessions by property.

[removed: *ESG Overview.*] [added: *Overview.*] Focusing on leading environmental, social and governance ("ESG") practices are a core part of Newmont’s business.

[removed: *ESG Stakeholder] [added: *Stakeholder] Engagement*.

[removed: *ESG Reporting*.][added: *Reporting*.]

Our sustainability report is compiled in accordance with the Global Reporting Initiative ("GRI") 2021 Universal Standards Core option, the GRI Mining and Metals Sector Supplement, and the SASB Metals & Mining standards, is [removed: externally assured,] [added: subject to an external limited assurance review,] and reflects Newmont’s commitment to transparency and reporting obligations as a founding member of the International Council on Mining and Metals ("ICMM") and as an early adopter of the United Nations ("UN") Guiding Principles Reporting Framework.

Newmont’s sustainability reporting suite also includes our climate report, sustainability-linked bond framework, ESG data tables, conflict-free gold report, [added: modern slavery statement,] policy influence disclosures, political spending disclosures, [removed: economic impact reports,] taxes and royalties contributions report, CDP (formerly, “Carbon Disclosure Project”) responses, and other reports and responses, which can be found on our website at www.newmont.com/sustainability.

Newmont pledged an investment of $100 to CAT, of which [removed: $39] [added: $56] has been paid as of December 31, [removed: 2022.][added: 2023.]

[removed: These dollars fund] collaborative work to develop and deploy electric equipment for surface and underground mining at Newmont’s [removed: Cripple Creek & Victor mine in Colorado, U.S. and Tanami mine in Northern Territory, Australia.][added: operations.]

The Notes [removed: and Revolver] align Newmont’s business and financing with its commitments and values by creating a direct link between its sustainability performance and funding strategies.

On November 6, 2023, we completed the acquisition of Newcrest Mining Limited ("Newcrest") (“the Newcrest transaction”).

Results of Newcrest for the period November 6 to December 31, 2023 are included in this report.

For further information, refer to Note 3 to the Consolidated Financial Statements.

In January 2023, Newmont reassessed and revised its operating strategies and the accountabilities of the senior leadership team in light of the continuing volatile and uncertain market conditions and in November 2023, the Company completed the Newcrest transaction (refer to Note 3 to the Consolidated Financial Statements for further information).

Following these changes, the Company reevaluated its segments to reflect the mining operations acquired and certain changes in the financial information regularly reviewed by Newmont's Chief Operating Decision Maker ("CODM").

As a result, the Company determined that its reportable segments were each of its 17 mining operations that it manages, which includes its 70.0% proportionate interest in Red Chris, and its 38.5% proportionate interest in Nevada Gold Mines ("NGM") which it does not directly manage.

*General.* The details of our consolidated and attributable gold production from continuing operations are set forth below:

| | | | Year Ended December 31, | | | | | | | | | | | | | | |

| Consolidated gold ounces produced (thousands) | | | 5,401 | | | | | | 5,786 | | | | | | 5,884 | | |

| Attributable gold ounces produced (thousands) | | | 5,545 | | | | | | 5,956 | | | | | | 5,971 | | |

| Attributable gold ounces produced from equity method investments (thousands): | | | | | | | | | | | | | | | | | |

| Pueblo Viejo (40%) | | | 224 | | | | | | 285 | | | | | | 325 | | |

| Fruta del Norte (1) | | | — | | | | | | — | | | | | | — | | |

| | | | 224 | | | | | | 285 | | | | | | 325 | | |

(1)The Fruta del Norte mine is wholly owned and operated by Lundin Gold Inc. ("Lundin Gold").

The Company acquired a 32% interest in Lundin Gold through the Newcrest transaction.

The 32% interest is accounted for as an equity method investment with results reported on a quarter lag.

As a result, results of operations will not be reported until the first quarter of 2024.

Refer to Notes 3 and 15 to the Consolidated Financial Statements for additional information.

Doré is sent to refiners to produce bullion that

| | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 2024 (through February 15, 2024) | | | $ | 2,068 | | | | | $ | 1,985 | | | | | $ | 2,029 | |

| 2023 | | | $ | 2,078 | | | | | $ | 1,811 | | | | | $ | 1,941 | |

| | | | 2023 | | | | | | | | | 2022 | | | | | | | | | 2021 | | | | | |

____________________________

(1)For the year ended December 31, 2023, copper co-product production came from Red Chris, Boddington, Cadia, and Telfer.

All of our copper co-product production came from Boddington for the years ended December 31, 2022 and 2021.

Gold-bearing solution is then plated onto cathodes in an electrowinning process or precipitated using zinc powder.

In both cases, the precipitate is melted with fluxes in a furnace to produce doré*.*

Ore containing silver and gold is crushed to a coarse size at the mine and then transported via conveyor to a process plant, where it is further crushed and then finely ground as a slurry.

The ore is initially treated by successive stages of flotation resulting in a gold-silver concentrate.

The flotation tailings have a residual gold content that is recovered in either a carbon-in leach circuit or is dewatered and loaded onto trucks for transportation off-site.

The gold-silver concentrate is further refined in the gold room to produce gold-silver doré.

See table below for summary of product and form by segment.

| | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Segment | | | | | | Products (1) | | | | | | Form | | |

| CC&V, U.S. | | | | | | Gold | | | | | | Doré | | |

| Musselwhite, Canada | | | | | | Gold | | | | | | Doré | | |

Our operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.

Our North America segment consists primarily of Cripple Creek & Victor (“CC&V”) in the U.S., Musselwhite, Porcupine and Éléonore in Canada and Peñasquito in Mexico.

Our South America segment consists primarily of Yanacocha in Peru, Merian in Suriname, Cerro Negro in Argentina and our 40% equity interest in the Pueblo Viejo mine in the Dominican Republic.

Our Australia segment consists primarily of Boddington and Tanami in Australia.

Our Africa segment consists primarily of Ahafo and Akyem in Ghana.

Our Nevada segment consists of our 38.5% interest in Nevada Gold Mines ("NGM") in the U.S., which is accounted for using the proportionate consolidation method.

In January 2023, Newmont launched certain initiatives to reassess accountabilities of the senior leadership team and the Company's operating strategies for its operations.

Depending on the timing and outcome of this assessment, the Company may change its reportable segments in 2023.

*General.* We had consolidated gold production from continuing operations of 5.8 million ounces (6.0 million attributable gold ounces) in 2022, 5.9 million ounces (6.0 million attributable gold ounces) in 2021 and 5.8 million ounces (5.9 million attributable gold ounces) in 2020.

Attributable gold ounces produced includes 0.3, 0.3, and 0.4 million attributable gold ounces for the years ended December 31, 2022, 2021 and 2020, respectively, related to the Pueblo Viejo mine, which is 40% owned by Newmont and accounted for as an equity method investment.

Of our 2022 consolidated gold production, approximately 25% came from North America, 16% from South America, 22% from Australia, 17% from Africa and 20% from Nevada.

Based on public information

| 2023 (through February 16, 2023) | | | $ | 1,955 | | | | | $ | 1,835 | | | | | $ | 1,891 | |

| 2013 | | | $ | 1,694 | | | | | $ | 1,192 | | | | | $ | 1,411 | |

(2)All of our silver, lead and zinc co-product production came from North America.

In 2022, we refreshed our Sustainability and External Relations Strategy with the review and oversight of our Board and Safety & Sustainability Committee to better reflect how ESG practices and expectations have evolved with a vision to generate shared value and serve as a catalyst for sustainable development.

In support of our vision, our updated strategy is made up of four strategic pillars:

- Leadership – Demonstrate consistent and courageous leadership through our words and actions

- Integration – Integrate leading sustainability practices into our overall business processes and decision-making

- Engagement – Build trust and credibility through respectful and meaningful engagement, communication and transparent reporting

- Performance – Deliver leading environmental and social performance to manage risk and achieve beneficial outcomes

Driving our sustainability practices and supporting our ability to meet the ambitions of each strategic pillar are the following critical enablers:

- Environmental stewardship – Leading practices through the enhancement of shared resources and reduction of long-term liabilities incorporating nature, water and climate

- Social responsibility – Leading practices that mitigate impacts, generate value for local communities and governments, and promote transparent and meaningful engagement to build credibility and support our reputation

- Governance – Leading practices through an effective standardized framework that includes global policies and standards integrated risk management systems; metrics and targets to measure our performance; and processes to enable transparent reporting and improved collaboration and ensure optimal decision-making and resource allocation

This follows Newmont’s decision earlier in 2021 to amend its revolving credit facility to include an interest rate margin adjustment based on the Company’s ESG external ratings.

We have set annual water efficiency targets through 2023 to reduce freshwater consumption and developed water action plans in support of our goal to achieve water stewardship.

In 2022, we did significant work to identify those practices that would most significantly improve diverse representation and advancement in our business.

Site-based action plans were established and overall representation of females in operations increased from 8% to 9% in 2022.

We continue to sustain robust controls at our operations and offices around the globe, including a risk-based application of controls in connection with COVID-19 to protect both our workforce and the local communities in which we operate.

In addition, the Company has an established Health & Safety Management System and Health, Safety and Security Standards that in most cases exceed regulatory requirements in the jurisdictions in which we operate.

In 2022, we launched a refreshed three-year Health, Safety and Security Strategy that advances our journey toward a fatality, injury and illness-free workplace.

The updated strategy recognizes the progress we have made while also acknowledging the need to further improve our performance.

The strategy links our health, safety and security work together across three themes:

- Act on risk — Control future outcomes by acting to reduce risks and minimize potential impacts.

- Actively care — Consistently take action to engage and support our employees and business partners.

- Apply knowledge — Foster a knowledge-sharing mindset, apply what we learn and inspire innovation.

Supporting and extending the impact of our strategy are the following three amplifiers:

- Data — Consolidating the various data systems into a data warehouse we can analyze and obtain insights.

- Technology — Leverage new and existing technology and innovation to provide data, reduce risk, improve decision making and engage our people.

For the Fiscal Year Ended December 31, [removed: 2022][added: 2023]

[removed: ][added: ]

| [removed: (State] [added: (State] or Other Jurisdiction of Incorporation or [removed: Organization)] [added: Organization)] | | | | | | [removed: (I.R.S.] [added: (I.R.S.] Employer Identification [removed: No.)] [added: No.)] | | |

| [removed: (Address] [added: (Address] of Principal Executive [removed: Offices)] [added: Offices)] | | | | | | [removed: (Zip Code)] [added: (Zip Code)] | | |

At June 30, [removed: 2022,] [added: 2023,] the aggregate market value of the registrant’s voting and non-voting common equity held by non-affiliates of the registrant was [removed: $47,327,306,028] [added: $33,878,942,644] based on the closing sale price as reported on the New York Stock Exchange.

There were [removed: 793,794,062] [added: 1,152,551,607] shares of common stock outstanding on February [removed: 16, 2023.][added: 15, 2024.]

Portions of Registrant’s definitive Proxy Statement for the Registrant’s [removed: 2023] [added: 2024] Annual Stockholders Meeting will be filed no later than 120 days after the close of the Registrant's fiscal year ended December 31, [removed: 2022,] [added: 2023,] are incorporated by reference into Part III of this report.

| | | | [PART [removed: I](#i2d17b310f5b549aca71eb52c29055740_13)] [added: I](#ie307b7f42be4454998f44b456109c9aa_16)] | | | Page | | |

| [GLOSSARY: UNITS OF MEASURE AND [removed: ABBREVIATIONS](#i2d17b310f5b549aca71eb52c29055740_2161)] [added: ABBREVIATIONS](#ie307b7f42be4454998f44b456109c9aa_10)] | | | | | | 1 | | |

[removed: | [2022] [added: 2023] RESULTS AND [removed: HIGHLIGHTS](#i2d17b310f5b549aca71eb52c29055740_10) | | | | | | [2](#i2d17b310f5b549aca71eb52c29055740_10) | | |][added: HIGHLIGHTS]

| [ITEM [removed: 1.](#i2d17b310f5b549aca71eb52c29055740_16)] [added: 1.](#ie307b7f42be4454998f44b456109c9aa_19)] | | | [removed: [BUSINESS](#i2d17b310f5b549aca71eb52c29055740_16)] [added: [BUSINESS](#ie307b7f42be4454998f44b456109c9aa_19)] | | | [removed: [5](#i2d17b310f5b549aca71eb52c29055740_16)] [added: [5](#ie307b7f42be4454998f44b456109c9aa_19)] | | |

| | | | [Segment [removed: Information](#i2d17b310f5b549aca71eb52c29055740_22)] [added: Information](#ie307b7f42be4454998f44b456109c9aa_25)] | | | [removed: [5](#i2d17b310f5b549aca71eb52c29055740_22)] [added: [5](#ie307b7f42be4454998f44b456109c9aa_25)] | | |

| | | | [Licenses and [removed: Concessions](#i2d17b310f5b549aca71eb52c29055740_31)] [added: Concessions](#ie307b7f42be4454998f44b456109c9aa_34)] | | | [removed: [7](#i2d17b310f5b549aca71eb52c29055740_31)] [added: [8](#ie307b7f42be4454998f44b456109c9aa_34)] | | |

| | | | [Condition of Physical Assets and [removed: Insurance](#i2d17b310f5b549aca71eb52c29055740_34)] [added: Insurance](#ie307b7f42be4454998f44b456109c9aa_37)] | | | [removed: [7](#i2d17b310f5b549aca71eb52c29055740_34)] [added: [8](#ie307b7f42be4454998f44b456109c9aa_37)] | | |

| | | | [Environmental, Social and [removed: Governance](#i2d17b310f5b549aca71eb52c29055740_37)] [added: Governance](#ie307b7f42be4454998f44b456109c9aa_40)] | | | [removed: [7](#i2d17b310f5b549aca71eb52c29055740_37)] [added: [9](#ie307b7f42be4454998f44b456109c9aa_40)] | | |

| | | | [Risk Factor [removed: Summary](#i2d17b310f5b549aca71eb52c29055740_49)] [added: Summary](#ie307b7f42be4454998f44b456109c9aa_52)] | | | [removed: [12](#i2d17b310f5b549aca71eb52c29055740_49)] [added: [12](#ie307b7f42be4454998f44b456109c9aa_52)] | | |

| | | | [Forward-Looking [removed: Statements](#i2d17b310f5b549aca71eb52c29055740_52)] [added: Statements](#ie307b7f42be4454998f44b456109c9aa_55)] | | | [removed: [13](#i2d17b310f5b549aca71eb52c29055740_52)] [added: [14](#ie307b7f42be4454998f44b456109c9aa_55)] | | |

| | | | [Available [removed: Information](#i2d17b310f5b549aca71eb52c29055740_55)] [added: Information](#ie307b7f42be4454998f44b456109c9aa_58)] | | | [removed: [15](#i2d17b310f5b549aca71eb52c29055740_55)] [added: [16](#ie307b7f42be4454998f44b456109c9aa_58)] | | |

| [ITEM [removed: 1A.](#i2d17b310f5b549aca71eb52c29055740_58)] [added: 1A.](#ie307b7f42be4454998f44b456109c9aa_61)] | | | [RISK [removed: FACTORS](#i2d17b310f5b549aca71eb52c29055740_58)] [added: FACTORS](#ie307b7f42be4454998f44b456109c9aa_61)] | | | [removed: [15](#i2d17b310f5b549aca71eb52c29055740_58)] [added: [16](#ie307b7f42be4454998f44b456109c9aa_61)] | | |

| [ITEM [removed: 1B.](#i2d17b310f5b549aca71eb52c29055740_64)] [added: 1B.](#ie307b7f42be4454998f44b456109c9aa_67)] | | | [UNRESOLVED STAFF [removed: COMMENTS](#i2d17b310f5b549aca71eb52c29055740_64)] [added: COMMENTS](#ie307b7f42be4454998f44b456109c9aa_67)] | | | [removed: [37](#i2d17b310f5b549aca71eb52c29055740_64)] [added: [47](#ie307b7f42be4454998f44b456109c9aa_67)] | | |

| [ITEM [removed: 2.](#i2d17b310f5b549aca71eb52c29055740_67)] [added: 2.](#ie307b7f42be4454998f44b456109c9aa_70)] | | | [removed: [PROPERTIES](#i2d17b310f5b549aca71eb52c29055740_67)] [added: [PROPERTIES](#ie307b7f42be4454998f44b456109c9aa_70)] | | | [removed: [38](#i2d17b310f5b549aca71eb52c29055740_67)] [added: [50](#ie307b7f42be4454998f44b456109c9aa_70)] | | |

| | | | [Production and Development [removed: Properties](#i2d17b310f5b549aca71eb52c29055740_70)] [added: Properties](#ie307b7f42be4454998f44b456109c9aa_73)] | | | [removed: [38](#i2d17b310f5b549aca71eb52c29055740_70)] [added: [50](#ie307b7f42be4454998f44b456109c9aa_73)] | | |

| | | | [Operating [removed: Statistics](#i2d17b310f5b549aca71eb52c29055740_73)] [added: Statistics](#ie307b7f42be4454998f44b456109c9aa_91)] | | | [removed: [45](#i2d17b310f5b549aca71eb52c29055740_73)] [added: [60](#ie307b7f42be4454998f44b456109c9aa_91)] | | |

| | | | [Proven and Probable [removed: Reserves](#i2d17b310f5b549aca71eb52c29055740_76)] [added: Reserves](#ie307b7f42be4454998f44b456109c9aa_100)] | | | [removed: [50](#i2d17b310f5b549aca71eb52c29055740_76)] [added: [67](#ie307b7f42be4454998f44b456109c9aa_100)] | | |

| | | | [Measured, Indicated, and Inferred [removed: Resources](#i2d17b310f5b549aca71eb52c29055740_79)] [added: Resources](#ie307b7f42be4454998f44b456109c9aa_106)] | | | [removed: [59](#i2d17b310f5b549aca71eb52c29055740_79)] [added: [76](#ie307b7f42be4454998f44b456109c9aa_106)] | | |

| [ITEM [removed: 3.](#i2d17b310f5b549aca71eb52c29055740_85)] [added: 3.](#ie307b7f42be4454998f44b456109c9aa_112)] | | | [LEGAL [removed: PROCEEDINGS](#i2d17b310f5b549aca71eb52c29055740_85)] [added: PROCEEDINGS](#ie307b7f42be4454998f44b456109c9aa_112)] | | | [removed: [71](#i2d17b310f5b549aca71eb52c29055740_85)] [added: [88](#ie307b7f42be4454998f44b456109c9aa_112)] | | |

| [ITEM [removed: 4.](#i2d17b310f5b549aca71eb52c29055740_88)] [added: 4.](#ie307b7f42be4454998f44b456109c9aa_115)] | | | [MINE SAFETY [removed: DISCLOSURES](#i2d17b310f5b549aca71eb52c29055740_88)] [added: DISCLOSURES](#ie307b7f42be4454998f44b456109c9aa_115)] | | | [removed: [71](#i2d17b310f5b549aca71eb52c29055740_88)] [added: [88](#ie307b7f42be4454998f44b456109c9aa_115)] | | |

| [ITEM [removed: 5.](#i2d17b310f5b549aca71eb52c29055740_94)] [added: 5.](#ie307b7f42be4454998f44b456109c9aa_121)] | | | [MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASE OF EQUITY [removed: SECURITIES](#i2d17b310f5b549aca71eb52c29055740_94)] [added: SECURITIES](#ie307b7f42be4454998f44b456109c9aa_121)] | | | [removed: [72](#i2d17b310f5b549aca71eb52c29055740_94)] [added: [89](#ie307b7f42be4454998f44b456109c9aa_121)] | | |

| [ITEM [removed: 6.](#i2d17b310f5b549aca71eb52c29055740_97)] [added: 6.](#ie307b7f42be4454998f44b456109c9aa_124)] | | | [removed: [RESERVED](#i2d17b310f5b549aca71eb52c29055740_97)] [added: [RESERVED](#ie307b7f42be4454998f44b456109c9aa_124)] | | | [removed: [72](#i2d17b310f5b549aca71eb52c29055740_97)] [added: [89](#ie307b7f42be4454998f44b456109c9aa_124)] | | |

| [ITEM [removed: 7.](#i2d17b310f5b549aca71eb52c29055740_100)] [added: 7.](#ie307b7f42be4454998f44b456109c9aa_127)] | | | [MANAGEMENT’S DISCUSSION AND ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION AND RESULTS OF [removed: OPERATIONS](#i2d17b310f5b549aca71eb52c29055740_100)] [added: OPERATIONS](#ie307b7f42be4454998f44b456109c9aa_127)] | | | [removed: [73](#i2d17b310f5b549aca71eb52c29055740_100)] [added: [90](#ie307b7f42be4454998f44b456109c9aa_127)] | | |

| | | | [Consolidated Financial [removed: Results](#i2d17b310f5b549aca71eb52c29055740_106)] [added: Results](#ie307b7f42be4454998f44b456109c9aa_133)] | | | [removed: [74](#i2d17b310f5b549aca71eb52c29055740_106)] [added: [91](#ie307b7f42be4454998f44b456109c9aa_133)] | | |

| | | | [Results of Consolidated [removed: Operations](#i2d17b310f5b549aca71eb52c29055740_109)] [added: Operations](#ie307b7f42be4454998f44b456109c9aa_157)] | | | [removed: [79](#i2d17b310f5b549aca71eb52c29055740_109)] [added: [96](#ie307b7f42be4454998f44b456109c9aa_157)] | | |

| | | | [Foreign Currency Exchange [removed: Rates](#i2d17b310f5b549aca71eb52c29055740_127)] [added: Rates](#ie307b7f42be4454998f44b456109c9aa_160)] | | | [removed: [83](#i2d17b310f5b549aca71eb52c29055740_127)] [added: [99](#ie307b7f42be4454998f44b456109c9aa_160)] | | |

| | | | [Liquidity and Capital [removed: Resources](#i2d17b310f5b549aca71eb52c29055740_130)] [added: Resources](#ie307b7f42be4454998f44b456109c9aa_163)] | | | [removed: [84](#i2d17b310f5b549aca71eb52c29055740_130)] [added: [111](#ie307b7f42be4454998f44b456109c9aa_163)] | | |

| | | | [Non-GAAP Financial [removed: Measures](#i2d17b310f5b549aca71eb52c29055740_157)] [added: Measures](#ie307b7f42be4454998f44b456109c9aa_190)] | | | [removed: [90](#i2d17b310f5b549aca71eb52c29055740_157)] [added: [100](#ie307b7f42be4454998f44b456109c9aa_190)] | | |

| [ITEM [removed: 7A.](#i2d17b310f5b549aca71eb52c29055740_178)] [added: 7A.](#ie307b7f42be4454998f44b456109c9aa_214)] | | | [QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET [removed: RISK](#i2d17b310f5b549aca71eb52c29055740_178)] [added: RISK](#ie307b7f42be4454998f44b456109c9aa_214)] | | | [removed: [109](#i2d17b310f5b549aca71eb52c29055740_178)] [added: [123](#ie307b7f42be4454998f44b456109c9aa_214)] | | |

| [ITEM [removed: 8.](#i2d17b310f5b549aca71eb52c29055740_193)] [added: 8.](#ie307b7f42be4454998f44b456109c9aa_232)] | | | [FINANCIAL STATEMENTS AND SUPPLEMENTARY [removed: DATA](#i2d17b310f5b549aca71eb52c29055740_193)] [added: DATA](#ie307b7f42be4454998f44b456109c9aa_232)] | | | [removed: [112](#i2d17b310f5b549aca71eb52c29055740_193)] [added: [126](#ie307b7f42be4454998f44b456109c9aa_232)] | | |

| [ITEM [removed: 9.](#i2d17b310f5b549aca71eb52c29055740_301)] [added: 9.](#ie307b7f42be4454998f44b456109c9aa_337)] | | | [CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL [removed: DISCLOSURE](#i2d17b310f5b549aca71eb52c29055740_301)] [added: DISCLOSURE](#ie307b7f42be4454998f44b456109c9aa_337)] | | | [removed: [174](#i2d17b310f5b549aca71eb52c29055740_301)] [added: [193](#ie307b7f42be4454998f44b456109c9aa_337)] | | |

| [ITEM [removed: 9A.](#i2d17b310f5b549aca71eb52c29055740_304)] [added: 9A.](#ie307b7f42be4454998f44b456109c9aa_340)] | | | [CONTROLS AND [removed: PROCEDURES](#i2d17b310f5b549aca71eb52c29055740_304)] [added: PROCEDURES](#ie307b7f42be4454998f44b456109c9aa_340)] | | | [removed: [174](#i2d17b310f5b549aca71eb52c29055740_304)] [added: [193](#ie307b7f42be4454998f44b456109c9aa_340)] | | |

| [ITEM [removed: 9B.](#i2d17b310f5b549aca71eb52c29055740_310)] [added: 9B.](#ie307b7f42be4454998f44b456109c9aa_346)] | | | [OTHER [removed: INFORMATION](#i2d17b310f5b549aca71eb52c29055740_310)] [added: INFORMATION](#ie307b7f42be4454998f44b456109c9aa_346)] | | | [removed: [176](#i2d17b310f5b549aca71eb52c29055740_310)] [added: [195](#ie307b7f42be4454998f44b456109c9aa_346)] | | |

| [2023 RESULTS AND HIGHLIGHTS](#ie307b7f42be4454998f44b456109c9aa_13) | | | | | | [2](#ie307b7f42be4454998f44b456109c9aa_13) | | |

| | | | [Introduction](#ie307b7f42be4454998f44b456109c9aa_22) | | | [5](#ie307b7f42be4454998f44b456109c9aa_22) | | |

| | | | [Products](#ie307b7f42be4454998f44b456109c9aa_28) | | | [5](#ie307b7f42be4454998f44b456109c9aa_28) | | |

| | | | [Competition](#ie307b7f42be4454998f44b456109c9aa_31) | | | [8](#ie307b7f42be4454998f44b456109c9aa_31) | | |

| [ITEM 1](#ie307b7f42be4454998f44b456109c9aa_2352)[C](#ie307b7f42be4454998f44b456109c9aa_2352)[.](#ie307b7f42be4454998f44b456109c9aa_2352) | | | [CYBERSECURITY](#ie307b7f42be4454998f44b456109c9aa_2352) | | | [48](#ie307b7f42be4454998f44b456109c9aa_2352) | | |

| | | | [PART II](#ie307b7f42be4454998f44b456109c9aa_118) | | | | | |

| | | | [Overview](#ie307b7f42be4454998f44b456109c9aa_130) | | | [90](#ie307b7f42be4454998f44b456109c9aa_130) | | |

| | | | [Environmental](#ie307b7f42be4454998f44b456109c9aa_184) | | | [117](#ie307b7f42be4454998f44b456109c9aa_184) | | |

| | | | [Forward Looking Statements](#ie307b7f42be4454998f44b456109c9aa_187) | | | [117](#ie307b7f42be4454998f44b456109c9aa_187) | | |

| | | | [Accounting Developments](#ie307b7f42be4454998f44b456109c9aa_208) | | | [117](#ie307b7f42be4454998f44b456109c9aa_208) | | |

| | | | [Critical Accounting Estimates](#ie307b7f42be4454998f44b456109c9aa_211) | | | [117](#ie307b7f42be4454998f44b456109c9aa_211) | | |

| | | | [Metal Prices](#ie307b7f42be4454998f44b456109c9aa_217) | | | [123](#ie307b7f42be4454998f44b456109c9aa_217) | | |

| | | | [Foreign Currency](#ie307b7f42be4454998f44b456109c9aa_223) | | | [124](#ie307b7f42be4454998f44b456109c9aa_223) | | |

| | | | [Commodity Price Exposure](#ie307b7f42be4454998f44b456109c9aa_229) | | | [125](#ie307b7f42be4454998f44b456109c9aa_229) | | |

| | | | [PART III](#ie307b7f42be4454998f44b456109c9aa_349) | | | | | |

| | | | [PART IV](#ie307b7f42be4454998f44b456109c9aa_367) | | | | | |

| [ITEM 16.](#ie307b7f42be4454998f44b456109c9aa_373) | | | [FORM 10-K SUMMARY](#ie307b7f42be4454998f44b456109c9aa_373) | | | [199](#ie307b7f42be4454998f44b456109c9aa_370) | | |

| [SIGNATURES](#ie307b7f42be4454998f44b456109c9aa_376) | | | | | | SCH-[1](#ie307b7f42be4454998f44b456109c9aa_376) | | |

| PGK | | | | | | Papua New Guinea Kina | | |

| PNG | | | | | | Papua New Guinea | | |

| SAG | | | | | | Semi-Autogenous Grinding | | |

| Sold | | | | | | | | | | | | | | | 896 | | | | | | 1,275 | | | | | | 1,258 | | |

| Produced silver (million ounces) | | | | | | | | | | | | | | | 18 | | | | | | 30 | | | | | | 31 | | |

| Sold silver (million ounces) | | | | | | | | | | | | | | | 17 | | | | | | 30 | | | | | | 32 | | |

(3)Gold equivalent ounces are calculated as pounds or ounces produced or sold multiplied by the ratio of the other metals’ price to the gold price.

In 2023, the Company updated the metal prices utilized for this calculation to align with reserve metal price assumptions; this resulted in fewer calculated gold equivalent ounces - other metals produced and sold of 148 thousand ounces and 145 thousand ounces, respectively, for the year ended December 31, 2023, than would have been calculated based on the pricing used in 2022 for this calculation.

- Newcrest Transaction: On November 6, 2023, the Company completed its business combination transaction with Newcrest Mining Limited, a public Australian mining company limited by shares ("Newcrest"), whereby Newmont, through Newmont Overseas Holdings Pty Ltd, an Australian proprietary company limited by shares (“Newmont Sub”), acquired all of the ordinary shares of Newcrest in a fully stock transaction for total non-cash consideration of $13,549.

Newcrest became a direct wholly owned subsidiary of Newmont Sub and an indirect wholly owned subsidiary of Newmont.

The combined company continues to be traded on the New York Stock Exchange under the ticker NEM.

The combined company is also listed on the Toronto Stock Exchange under the ticker NGT, on the Australian Securities Exchange under the ticker NEM, and on the Papua New Guinea Securities Exchange under the ticker NEM.

- Net income: Delivered *Net income (loss) from continuing operations attributable to Newmont stockholders* of $(2,521) or $(3.00) per diluted share, a decrease of $2,062 from the prior year primarily due to higher *Reclamation and Remediation*, higher *Impairment charges*, the Peñasquito labor strike, Newcrest transaction and integration costs, a loss on abandonment of the Peñasquito pyrite leach plant, higher income tax expense, and lower production at Akyem, partially offset by higher average realized prices for gold, silver and copper.

*Cadia Block Caves, Cadia.* This project includes two panel caves to recover approximately 5.9 million ounces of gold reserves and 2.9 billion pounds of copper reserves.

First ore has been delivered from the first panel cave (PC2-3), and development is underway at the second panel cave (PC1-2).

The newly acquired project is currently under review, and a more fulsome update on the anticipated metrics is expected to be provided in mid 2024.

Development capital costs (excluding capitalized interest) since approval were $36, of which all related to 2023.

| | | | [Introduction](#i2d17b310f5b549aca71eb52c29055740_19) | | | [5](#i2d17b310f5b549aca71eb52c29055740_19) | | |

| | | | [Products](#i2d17b310f5b549aca71eb52c29055740_25) | | | [5](#i2d17b310f5b549aca71eb52c29055740_25) | | |

| | | | [Competition](#i2d17b310f5b549aca71eb52c29055740_28) | | | [7](#i2d17b310f5b549aca71eb52c29055740_28) | | |

| | | | [PART II](#i2d17b310f5b549aca71eb52c29055740_91) | | | | | |

| | | | [Overview](#i2d17b310f5b549aca71eb52c29055740_103) | | | [73](#i2d17b310f5b549aca71eb52c29055740_103) | | |

| | | | [Environmental](#i2d17b310f5b549aca71eb52c29055740_151) | | | [89](#i2d17b310f5b549aca71eb52c29055740_151) | | |

| | | | [Forward Looking Statements](#i2d17b310f5b549aca71eb52c29055740_154) | | | [90](#i2d17b310f5b549aca71eb52c29055740_154) | | |

| | | | [Accounting Developments](#i2d17b310f5b549aca71eb52c29055740_172) | | | [104](#i2d17b310f5b549aca71eb52c29055740_172) | | |

| | | | [Critical Accounting Estimates](#i2d17b310f5b549aca71eb52c29055740_175) | | | [104](#i2d17b310f5b549aca71eb52c29055740_175) | | |

| | | | [Metal Prices](#i2d17b310f5b549aca71eb52c29055740_181) | | | [109](#i2d17b310f5b549aca71eb52c29055740_181) | | |

| | | | [Foreign Currency](#i2d17b310f5b549aca71eb52c29055740_187) | | | [110](#i2d17b310f5b549aca71eb52c29055740_187) | | |

| | | | [Commodity Price Exposure](#i2d17b310f5b549aca71eb52c29055740_190) | | | [111](#i2d17b310f5b549aca71eb52c29055740_190) | | |

| | | | [PART III](#i2d17b310f5b549aca71eb52c29055740_313) | | | | | |

| | | | [PART IV](#i2d17b310f5b549aca71eb52c29055740_331) | | | | | |

| [ITEM 16.](#i2d17b310f5b549aca71eb52c29055740_337) | | | [FORM 10-K SUMMARY](#i2d17b310f5b549aca71eb52c29055740_337) | | | [180](#i2d17b310f5b549aca71eb52c29055740_334) | | |

| [SIGNATURES](#i2d17b310f5b549aca71eb52c29055740_340) | | | | | | SCH-[1](#i2d17b310f5b549aca71eb52c29055740_340) | | |

| Sold | | | | | | | | | | | | | | | 1,275 | | | | | | 1.258 | | | | | | 1,062 | | |

| Produced silver (thousand ounces) | | | | | | | | | | | | | | | 29,667 | | | | | | 31,375 | | | | | | 27,801 | | |

| Sold silver (thousand ounces) | | | | | | | | | | | | | | | 29,743 | | | | | | 32,237 | | | | | | 28,596 | | |

- Net income: Delivered *Net income (loss) from continuing operations attributable to Newmont stockholders* of $(459) or $(0.58) per diluted share, a decrease of $1,568 from the prior year primarily due to higher *Impairment charges* resulting from impairment of goodwill at Cerro Negro and Porcupine and impairment of long-lived assets at CC&V, higher *Costs applicable to sales* predominately resulting from cost inflation impacts, and lower sales volumes for all metals except copper, partially offset by lower *Reclamation and remediation*, lower income tax expense, and the *Loss on assets held for sale* in 2021 related to the Conga mill assets.

Risk Management and Strategy

We rely upon technology and information systems to support our mining and business operations globally.

These systems may be susceptible to cybersecurity risks including, but not limited to, external attackers, malware, viruses, and unauthorized access to our IT systems.

We continuously invest and develop our cybersecurity controls and processes to address these threats and reduce the risk of future breaches and cyber attacks.

Risk associated with a cybersecurity incident, impacting our operations, has been integrated into our overall global risk management system and process.

Foundationally, we seek to manage cyber risk through a structure of controls that includes cybersecurity standards, policies and cyber solutions that protect the availability, integrity, and confidentiality of our critical IT and mining systems.

We monitor for emergent cyber threats and assess any actions required to reduce those risks.

Our cybersecurity program is aligned to globally recognized security frameworks including the Mitre Att&ck Framework, NIST and ISO27001.

We are currently certified compliant against ISO27001 and engage a certified audit firm to conduct annual control testing and reaffirm our certification.

We further test our cybersecurity controls by engaging leading third-party cybersecurity service providers to perform external and internal penetration tests of critical business applications and mining system.

Additionally, we review and tabletop test our incident response plan.

We leverage continuous monitoring of our internet facing presence, as well as, known internet based criminal communities for mentions of Newmont, our executives, and employees.

Our Security Operations Center ("SOC") continuously monitors for security events and threats, responding and escalating when appropriate.

We also hold employee trainings on privacy and current cybersecurity topics, conduct phishing tests and generally seek to promote awareness of cybersecurity risk through communication and education of our employee population.

Newmont requires third parties that supply IT services, have access to Newmont systems, or manage Newmont data to adhere to established Newmont security policies.

Additionally, Newmont requires that such third parties are required to provide detailed information on their established security controls via our third party risk assessment process.

The third party risk assessment informs our contracting process.

Specific certification may be required of critical third party IT service providers and partners.

All third party workers are bound by our Acceptable Technology Use standard which governs appropriate IT systems access and usage.

Our operations rely on the secure processing, storage and transmission of confidential and other information in our computer systems and networks.

Computer viruses, hackers, employee or vendor misconduct, and other external hazards could expose our information systems, and those of our vendors, to security breaches, cybersecurity incidents or other disruptions, any of which could materially and adversely affect our business.

Cybersecurity incidents may also cause disruption to mining operations; critical financial or reporting systems impairment; breach or integrity loss of Newmont proprietary or confidential data; or external reputational damage.

The sophistication of cybersecurity threats, including through the use of artificial intelligence, continues to increase, and the controls and preventative actions we take to reduce the risk of cybersecurity incidents and protect our systems, including the regular testing of our cybersecurity incident response plan, may become insufficient.

In addition, new technology that could result in greater operational efficiency such as our use of artificial intelligence, fleet electrification, and autonomous vehicles may further expose our operations and computer systems to the risk of cybersecurity incidents.

Newmont did not identify any cybersecurity incidents during the year ended December 31, 2023 that have materially affected or are reasonably likely to materially affect Newmont's business strategy, results of operations, or financial condition.

Additional information about cybersecurity risks we face is discussed in Item 1A, Risk Factors if this report under the heading "*We are dependent upon information technology and operational technology systems, which are subject to disruption, damage, failure and risks associated with implementation, upgrade, operation and integration*" which should be read in conjunction with the information above.

Governance

As part of our overall risk management approach, we prioritize the identification and management of cybersecurity risk at several levels, including Board oversight, executive commitment and employee training.

Our Audit Committee, comprised of independent directors from our Board, oversees the responsibilities relating to the operational (including information technology (IT) risks and data security) risk affairs of the Company.

Our Audit Committee is informed of such risks through quarterly reports from our cybersecurity leadership and it reports any material findings and recommendations to the full Board for consideration.

Our Cybersecurity team, comprised of seasoned IT and cybersecurity members, has decades of experience across multiple technical and compliance disciplines including cyber incident response, forensics, IT compliance, incident recovery, threat investigation and information technology.

Our cybersecurity team includes several individuals who hold industry recognized certifications and advanced degrees in cybersecurity.

Cybersecurity oversees the implementation and compliance of our information security standards, information technology compliance, and mitigation of information security related risks.

The Chief Technology Officer (CTO) and Chief Information Officer (CIO) have direct oversight of the cybersecurity function.

We also have management level committees, leaders, and a cybersecurity incident team who support our processes to assess and manage cybersecurity risk as follows:

- The head of privacy, in conjunction with the cybersecurity leadership assists on identification and mitigation of privacy related risks across the enterprise.

This combination brings together legal, compliance and other function leads as required.

- The Cybersecurity Disclosure Steering Committee, comprised of leadership from IT, cybersecurity, operations, risk, finance, legal and compliance across business segments, contributes to the assessment of cybersecurity breach, planned response, and required disclosures and filings.

- The Rapid Response Team, which includes senior executives across the Company and its global operations, is alerted as appropriate to cybersecurity incidents, natural disasters and business outages.

The Rapid Response Team performs tabletop exercises on a yearly basis with inclusion across functions.

[removed: ][added: ]

[removed: Operating] [added: Production and other operating] statistics are presented below in the Operating Statistics section for each [removed: region.][added: site.]

[removed: *Cripple] [added: Cripple] Creek & Victor, [removed: U.S.*] [added: U.S.] (100% owned) CC&V, located next to the town of Victor and the city of Cripple Creek, Colorado, is an open pit operation.

CC&V’s gross property, plant and mine development at December 31, [removed: 2022] [added: 2023] was [removed: $574.][added: $1,132.]

[removed: CC&V produced 182,000 ounces] [added: As] of [removed: gold in 2022] [added: December 31, 2023] and [added: 2022, Ahafo South] reported [removed: 1.6] [added: 5.1] million [added: and 5.7 million] ounces of gold [removed: reserves at December 31, 2022.][added: reserves, respectively.]

[added: Musselwhite, Canada.] (100% owned) Musselwhite, located approximately 265 miles (430 kilometers) north of Thunder Bay, Ontario, is an underground operation.

The Musselwhite operation comprises [removed: 929] [added: 940] mining claims and 338 mining leases, issued under the Ontario Mining Act, encompassing an area of 13,366 acres (5,409 hectares).

Musselwhite’s gross property, plant and mine development at December 31, [removed: 2022] [added: 2023] was [removed: $1,194.][added: $1,276.]

Musselwhite [removed: produced 173,000 ounces of gold in 2022 and] reported [removed: 1.9] [added: 1.5] million ounces of gold reserves at December 31, [removed: 2022.][added: 2023.]

[added: Porcupine, Canada.] (100% owned) Porcupine consists of the Hollinger open pit and Hoyle Pond underground operations, located in the city of Timmins, Ontario, as well as the Borden underground operation, located near the town of Chapleau, Ontario.

The Porcupine operation is comprised of [removed: 1,129] [added: 699] mining claims, [removed: 983] [added: 1,105] mining patents, and [removed: 113] [added: 157] mining leases, issued under the Ontario Mining Act, encompassing an area of [removed: 340,420] [added: 98,138] acres [removed: (137,763] [added: (39,715] hectares).

The available mining fleet consists of [removed: two] [added: three] hydraulic shovels, [removed: three] [added: six] loaders, [removed: 19] [added: 21] underground [removed: loaders] [added: loaders,] and [removed: 24] [added: 27] haul trucks, with payloads ranging from [removed: 24] [added: 30] to 137 tonnes.

Porcupine’s gross property, plant and mine [added: development at December 31, 2023 was $1,830.]

Porcupine [removed: produced 280,000 ounces of gold in 2022 and] reported [removed: 2.3] [added: 2.2] million ounces of gold reserves at December 31, [removed: 2022.][added: 2023.]

[added: Éléonore, Canada.] (100% owned) Éléonore, located approximately 510 miles (825 kilometers) north of Montreal in Eeyou Istchee/James Bay in Northern Quebec, is an underground operation.

The available fleet consists of [removed: 14] [added: 15] underground [removed: loaders] [added: loaders,] and [removed: 10] [added: 11] haul trucks, each with 45 to 60-tonne payloads.

Éléonore’s gross property, plant and mine development at December 31, [removed: 2022] [added: 2023] was [removed: $1,104.][added: $1,208.]

Éléonore [removed: produced 215,000 ounces of gold in 2022 and] reported [removed: 1.6] [added: 1.5] million ounces of gold reserves at December 31, [removed: 2022.][added: 2023.]

| [removed: *Peñasquito, Mexico*.] [added: Peñasquito, Mexico.] (100% owned) Peñasquito is an open pit operation located in the northeast corner of Zacatecas State, [removed: Mexico,] approximately 125 miles (200 kilometers) northeast of the city of Zacatecas and is accessible by paved roads with a private airport close to the site. The property began production in 2009, with commercial production being achieved in 2010. Goldcorp acquired its ownership in the mine in 2006 when it acquired Glamis. In 2019, Newmont acquired Goldcorp, obtaining full ownership interest in Peñasquito. Peñasquito consists of the Peñasco and Chile Colorado open pit mines. Peñasquito is comprised of 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). Surface rights in the vicinity of the Peñasco and Chile Colorado open pits are held by three ejidos: Ejido Cedros, Ejido Mazapil and Ejido Cerro Gordo. Peñasquito has signed land use agreements with each ejidos, valid through 2035 and 2036, and the relevant private owners. | | | | | | [removed: ] [added: ] | | |

The Company is obligated to sell 25% of silver production from the Peñasquito mine to Wheaton Precious Metals [removed: Corporation at the lesser of market price or a fixed contract price, subject to an annual inflation adjustment of up to 1.65%.]

Refer to Note [removed: 4] [added: 5] to the Consolidated Financial Statements for further information.

Process facilities include a sulfide processing plant, comprising [removed: four] [added: three] stages of flotation: carbon, lead, [removed: zinc] and [removed: pyrite.][added: zinc.]

The available mining fleet consists of five rope shovels, three hydraulic shovels, [removed: three] [added: four] loaders, and 82 haul trucks, each with a 312-tonne payload.

Peñasquito’s gross property, plant and mine development at December 31, [removed: 2022] [added: 2023] was [removed: $6,003.][added: $5,644.]

As of December 31, [removed: 2022] [added: 2023] and [removed: 2021,] [added: 2022,] Peñasquito reported [removed: 5.4] [added: 4.6] million and [removed: 6.3] [added: 5.4] million ounces of gold reserves, respectively, [removed: 346] [added: 313] million ounces and [removed: 394] [added: 346] million of silver reserves, respectively, [removed: 2,300] [added: 2,100] million and [removed: 2,580] [added: 2,300] million pounds of [removed: lead,] [added: lead reserves,] respectively, and [removed: 5,540] [added: 4,900] million and [removed: 6,250] [added: 5,540] million pounds of [removed: zinc,] [added: zinc reserves,] respectively.

The [removed: overall reduction] [added: decrease] in gold reserves is primarily due to depletion.

As of December 31, [removed: 2022] [added: 2023] and [removed: 2021,] [added: 2022,] Peñasquito reported [removed: 3.7] [added: 1.5] million and [removed: 2.9] [added: 3.7] million ounces of gold resources, respectively, [removed: 314] [added: 175] million ounces and [removed: 256] [added: 314] million of silver resources, respectively, [removed: 2,070] [added: 1,100] million and [removed: 1,710] [added: 2,070] million pounds of lead resources, respectively, and [removed: 4,740] [added: 2,900] million and [removed: 3,760] [added: 4,740] million pounds of zinc resources, respectively.

The [removed: overall increase] [added: decrease] in gold resources is primarily due to [added: negative] net [removed: positive] revisions.

[removed: *Yanacocha, Peru.*] [added: Yanacocha, Peru.] (100% owned) In 2022, the Company completed the acquisition of Compañia de Minas Buenaventura S.A.A.'s (“Buenaventura”) 43.65% noncontrolling interest and Summit Global Management II VB's, a subsidiary of Sumitomo ("Sumitomo"), 5% noncontrolling interest in Yanacocha.

At December 31, [removed: 2022,] [added: 2023,] the Company holds 100% ownership interest in Yanacocha.

Refer to Note [removed: 1 of] [added: 3 to] the Consolidated Financial Statements for further information.

Yanacocha [removed: is located approximately 375 miles (604 kilometers) north of Lima and 30 miles (48 kilometers) north of the city of Cajamarca and] consists of the following open pit mines: the La Quinua Complex, the Yanacocha Complex, the Carachugo [removed: Complex] [added: Complex,] and Maqui Maqui.

[removed: Yanacocha’s] [added: Yanacocha] is comprised of [removed: 171] [added: 18] mining concessions encompassing [removed: 244,372] [added: 245,526] acres [removed: (98,894] [added: (99,361] hectares).

Yanacocha [added: also] has [removed: four leach pads (La Quinua, Yanacocha, Carachugo and Maqui Maqui),] three gold processing plants (Pampa Larga, Yanacocha Norte and La Quinua), one limestone processing facility (China Linda) and one mill (Yanacocha Gold Mill).

Yanacocha’s available mining fleet consists of two shovels, four excavators, [removed: one loader] and [removed: 31] [added: 25] haul trucks, each with 233-tonne payload.

Yanacocha’s gross property, plant and mine development at December 31, [removed: 2022] [added: 2023] was [removed: $5,892.][added: $5,876.]

[removed: Yanacocha produced 244,000 ounces of gold (230,000 attributable ounces] [added: As] of [removed: gold) in 2022] [added: December 31, 2023] and [added: 2022, Boddington] reported [removed: 5.8] [added: 9.6] million [added: and 10.6 million] ounces of gold [removed: reserves] [added: reserves, respectively,] and [removed: 1,530] [added: 1,000] million [added: and 1,160 million] pounds of copper [removed: reserves at December 31, 2022.][added: reserves, respectively.]

[removed: *Merian, Suriname.*] [added: Merian, Suriname.] (75% owned) Merian is owned 75% by Newmont Suriname, LLC (“Newmont Suriname”) (formerly known as Suriname Gold Company LLC and 100% indirectly owned by Newmont Corporation) and 25% by Staatsolie Maatschappij Suriname N.V. (“Staatsolie,” a company wholly owned by the Republic of Suriname).

The Merian operation is comprised of one Right of Exploitation and [removed: four] [added: five] Rights of Exploration encompassing an area of 41,484 acres (16,788 hectares).

The operation currently includes the Merian 2 open pit, the Merian 1 open pit, [removed: and] the Maraba open [added: pit, and the Kupari open] pit.

The Company maintains its corporate headquarters in Denver, Colorado U.S. and has various regional offices.

CC&V is an epithermal alkalic deposit with heap leaching facilities.

CC&V reported 1.3 million ounces of gold reserves at December 31, 2023.

The Borden operations is comprised of 488 mining cell claims, 530 surface and mining patents, and 35 surface and mining leases encompassing an area of 245,232 acres (99,241 acres).

Red Chris, Canada. (70% owned) Red Chris is 70% owned by Newcrest Red Chris Mining Limited, a Newmont subsidiary, and 30% owned by Red Chris Development Company Ltd., an Imperial Metals subsidiary, and is accounted for under proportionate consolidation.

Red Chris is located in northwest British Columbia, Canada, approximately 11 miles (18 kilometers) southeast of the Iskut village, 50 miles (80 kilometers) south of Dease Lake, and 7 miles (12 kilometers) east of the Stewart-Cassiar Highway 37.

The Red Chris operation is comprised of five mining leases which cover 12,703 acres (5,141 hectares) and 75 mineral claims, encompassing an area of approximately 47,140 acres (19,077 hectares).

The mining leases expire in 2042.

Red Chris is a copper-gold open pit mining operation.

Newmont is conducting a feasibility study on a potential underground block cave mine, and has commenced an exploration decline.

Gold and copper porphyry-style mineralization consists of vein, disseminated and breccia sulfides.

The main sulfide mineral assemblage is pyrite-chalcopyrite-bornite.

Ore from the mine is fed to a primary crusher with crushed ore conveyed to a coarse ore stockpile.

From there ore is reclaimed and fed to a conventional SAG mill–ball mill–pebble crushing comminution circuit which in turn feeds a flotation circuit.

Flotation concentrate is dewatered and loaded into trucks for transportation off-site.

The processing facilities are housed in a single process building.

Additional to crushing and processing are waste rock storage facilities, a tailings storage facility, water treatment facilities, and waste treatment facilities.

The available fleet consists of three face shovels, five drills, 23 trucks (dump and water trucks), three graders, five excavators, nine loaders, and five dozers.

Red Chris’s gross property, plant and mine development at December 31, 2023 was $1,671.

Red Chris reported 3.9 million ounces of gold reserves and 2,300 million pounds of copper reserves at December 31, 2023.

Brucejack, Canada. (100% owned) Brucejack, located in western British Columbia, approximately 40 miles (65 kilometers) north of Stewart and 28 miles (45 kilometers) southwest of the Stewart-Cassiar Highway 37, is an underground operation.

The Brucejack operation comprises four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares).

The mining leases expire in 2045.

Brucejack is a deformed, porphyry-related transitional to intermediate sulphidation epithermal high-grade gold-silver deposit.

Gold is hosted in quartz-calcite vein stockworks, sheeted veins and veinlets and can also be associated with arsenian pyrite.

Process facilities include a mill building containing process equipment, including a rock bin, SAG mill-ball mill circuit followed by conventional flotation, concentrate dewatering, concentrate load-out and tailings dewater operations, a water treatment plant, a paste backfill plant, and a metallurgical laboratory.

The mining fleet includes a fleet of load-haul-dump vehicles, trucks for material loading and transport to surface, excavators, bolters, shotcrete sprayers, long-hole drills, and cable bolters.

Brucejack’s gross property, plant and mine development at December 31, 2023 was $2,910.

Brucejack reported 3.1 million ounces of gold reserves at December 31, 2023.

Corporation at the lesser of market price or a fixed contract price, subject to an annual inflation adjustment of up to 1.65%.

These changes represent a decrease of approximately 15% in gold reserves, a decrease of approximately 10% in silver reserves, a decrease of approximately 9% in lead reserves, and a decrease of approximately 12% in zinc reserves in 2023 compared to 2022.

The overall reduction in gold reserves is primarily due to depletion, resource model updates, and other modifying factors, including mill recovery and geotechnical considerations.

These changes represent a decrease of approximately 59% in gold resources, a decrease of approximately 44% in silver resources, a decrease of approximately 47% in lead resources, and a decrease of approximately 39% in zinc resources in 2023 compared to 2022.

The overall decrease in gold resources is primarily due to resource model and cost updates.

We also own lands in the Cerro

The plant expansion project is nearing completion and adds a new crusher, SAG mill, carbon-in-leach circuit and a flotation circuit.

The tailings storage facility continues to advance.

These changes represent a decrease of approximately 2% in attributable gold reserves and a decrease of approximately 3% in attributable silver reserves in 2023 compared to 2022.

These changes represent an increase of

approximately 8% in attributable gold resources and an increase of approximately 5% in attributable silver resources in 2023 compared to 2022.

North America

The North America region maintains its headquarters in Vancouver, Canada and operates five sites, Cripple Creek & Victor (“CC&V”), Musselwhite, Porcupine, Éléonore and Peñasquito.

On March 31, 2020, we completed the sale of the Red Lake complex in Ontario, Canada, included as part of the Company’s North America segment, to Evolution Mining Limited (“Evolution”).

CC&V is an epithermal alkalic deposit with heap leaching facilities and a mill, which consists of a crushing and grinding circuit, located on site.

The mill is currently idled as of December 31, 2022.

*Musselwhite, Canada*.

*Porcupine, Canada*.

development at December 31, 2022 was $1,672.

*Éléonore, Canada*.

The pyrite circuit flotation was added at the end of 2018, which treats the zinc tailings in a pyrite flotation leach, and Merrill Crowe process to recover additional silver and gold in the form of doré.

Peñasquito produced 566,000 ounces of gold and 1,048,000 gold equivalent ounces of other metals in 2022.

South America

The South America region maintains its headquarters in Miami, Florida and operates three sites, Yanacocha, Merian and Cerro Negro.

We also hold a 40% interest in the Pueblo Viejo Mine, an open pit gold mine located in the Dominican Republic.

Barrick operates the Pueblo Viejo Mine and holds the remaining 60% interest.

Contemporaneous with the Company's acquisition of the 43.65% noncontrolling interest, Chaupiloma, an indirect subsidiary of Buenaventura, assigned the mining rights to the remaining acres and concessions to Yanacocha in 2022.

Brownfield exploration and development for new reserves is ongoing and we continue to evaluate the potential for mining oxide and sulfide gold and copper mineralization.

The Kupari open pit is currently in development.

*Cerro Negro, Argentina*.

Pueblo Viejo produced 285,000 attributable ounces of gold in 2022.

The increase in reserves is primarily due the completion of the pre-feasibility study for the Tailings Storage Facility which resulted in the conversion of resources to reserves.

The decrease to resources is primarily due to the conversion of resources to reserves.

Australia

The Australia region maintains its headquarters in Perth, Australia and operates two sites, Boddington and Tanami.

Boddington produced 798,000 ounces of gold and 227,000 gold equivalent ounces of other metals in 2022.

respectively.

Africa

The Africa region maintains its headquarters in Accra, Ghana and operates two sites, Ahafo and Akyem.

Ahafo South produced 574,000 ounces of gold in 2022.

As of December 31, 2022 and 2021, Ahafo South reported 5.2 million and 5.0 million ounces of gold resources respectively.

The overall increase in gold resources is primarily due to exploration additions and positive net revisions partially offset by conversion to reserves.

Nevada

NGM produced 1,169,000 attributable ounces of gold in 2022.

As of December 31, 2022 and 2021, NGM reported 19.2 million and 16.2 million attributable ounces of gold resources, respectively.

metal content for gold and silver is presented in ounces while metal content for copper, lead, zinc and molybdenum is presented in pounds.

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Year Ended December 31, 2022 | | | North America | | | | | | South America | | | | | | Australia | | | | | | Africa | | | | | | Nevada | | | | | | Total Gold | | |

| Tonnes mined (000 tonnes): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Open pit | | | 219,388 | | | | | | 97,320 | | | | | | 59,270 | | | | | | 59,224 | | | | | | 103,158 | | | | | | 538,360 | | |

The dollar penalties assessed for citations issued [removed: has] [added: have] also increased in recent years.

This is why Newmont engaged its Rapid Response process early in connection with the on-going COVID-19 pandemic and continues to sustain robust controls at our operations and offices globally.

For steps taken by the Company, refer to "COVID-19 Pandemic" in Item 1, Business.

Our common stock is listed and principally traded on the New York Stock Exchange under the symbol “NEM.” On February [removed: 16, 2023,] [added: 15, 2024,] there were [removed: 793,794,062] [added: 1,152,551,607] shares of Newmont’s common stock outstanding, which were held by approximately [removed: 7,100] [added: 6,900] stockholders of record.

During the period from October 1, [removed: 2022] [added: 2023] to December 31, [removed: 2022, 20,607] [added: 2023, 16,175] shares of Newmont's equity securities registered pursuant to Section 12 of the Exchange Act of 1934, as amended, were purchased by the Company, or an affiliated purchaser.

[removed: (2)In January 2021, the Company announced that] [added: (2)On February 21, 2024,] the Board of Directors authorized a stock repurchase program to repurchase shares of outstanding common stock to offset the dilutive impact of employee stock award vesting and to provide returns to shareholders, provided that the aggregate value of shares of common stock repurchased [removed: under the new program] does not exceed $1 billion.

| October 1, 2023 through October 31, 2023 | | | 798 | | | | | | $ | 41.13 | | | | | — | | | | | | $ | — | |

| November 1, 2023 through November 30, 2023 | | | 14,957 | | | | | | $ | 37.79 | | | | | — | | | | | | $ | — | |

| December 1, 2023 through December 31, 2023 | | | 420 | | | | | | $ | 38.70 | | | | | — | | | | | | $ | — | |

The program will expire after 24 months (in February 2026).

The program will be executed at the Company's discretion, utilizing open market repurchases to occur from time to time throughout the authorization period.

The repurchase program may be discontinued at any time, and the program does not obligate the Company to acquire any specific number of shares of its common stock or to repurchase the full authorized amount during the authorization period.

Consequently, the Board of Directors may revise or terminate such share repurchase authorization in the future.

| October 1, 2022 through October 31, 2022 | | | 10,269 | | | | | | $ | 68.76 | | | | | — | | | | | | $ | 475,022,834 | |

| November 1, 2022 through November 30, 2022 | | | 8,457 | | | | | | $ | 41.82 | | | | | — | | | | | | $ | 475,022,834 | |

| December 1, 2022 through December 31, 2022 | | | 1,881 | | | | | | $ | 49.24 | | | | | — | | | | | | $ | — | |

The program expired on December 31, 2022.

The following MD&A generally discusses our consolidated financial condition and results of operations for [removed: 2022] [added: 2023] and [removed: 2021] [added: 2022] and year-to-year comparisons between [removed: 2022] [added: 2023] and [removed: 2021.][added: 2022.]

Discussions of our consolidated financial condition and results of operations for [removed: 2020] [added: 2021] and year-to-year comparisons between [removed: 2021] [added: 2022] and [removed: 2020] [added: 2021] are included in [added: "Exhibit 99.1 Updated portions of Newmont Corporation's Annual Reports on Form 10-K for the fiscal year ended December 31, 2022",] Item 7, Management’s Discussion and Analysis of Consolidated Financial Condition and Results of Operations, [removed: in] [added: of] the Company’s [removed: [Annual] [added: [Current] Report on Form [removed: 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/1164727/000116472722000007/nem-20211231.htm) for the fiscal year ended December 31, 2021,] [added: 8-K](https://www.sec.gov/Archives/edgar/data/1164727/000116472723000035/nem-20230720.htm),] filed with the Securities and Exchange Commission on [removed: February 24, 2022.][added: July 20, 2023.]

We have significant operations and/or assets in the U.S., Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, [removed: Australia] [added: Australia, Papua New Guinea, Ecuador, Fiji,] and Ghana.

[removed: With the delay of the Yanacocha Sulfides project,] management will focus its efforts on optimizing its allocation of funds to current operations and other capital commitments, while also assessing execution options and project plans options, up to and including transitioning Yanacocha operations into full closure.

Refer to Note 2 [removed: of] [added: to] the Consolidated Financial Statements for further [removed: discussion][added: discussion.]

At December 31, [removed: 2022,] [added: 2023,] the Company holds 100% ownership interest in Yanacocha.

Refer to Note 1 [removed: of] [added: to] the Consolidated Financial Statements for further details regarding these transactions.

For information on asset sales impacting comparability of below results, refer to Note [removed: 8] [added: 9] to the Consolidated Financial Statements.

| Net income (loss) [removed: from continuing operations] attributable to Newmont stockholders [added: from continuing operations (3)] | | | [removed: $] | [removed: 1,109] | | | | | [removed: $] | [removed: 2,666] | | | | | [removed: $] | [removed: (1,557)] | | | | | [added: (2,521)] | | | [added: | | | (3.00) | | | | | | (3.00) | | |]

| Net income (loss) from continuing operations attributable to Newmont stockholders per common share, diluted | | | $ | [removed: 1.39] [added: (3.00)] | | | | | $ | [removed: 3.31] [added: (0.58)] | | | | | $ | [removed: (1.92)] [added: (2.42)] | | | | | | | |

For additional information, refer to [removed: the Notes of] [added: Note 6 in] the Consolidated Financial Statements.

| Consolidated [removed: ounces (thousands)/pounds (millions)] [added: ounces/pounds] sold [added: (millions)] | | | 5,812 | | | | | | 85 | | | | | | [removed: 29,743] [added: 30] | | | | | | 147 | | | | | | 373 | | |

| Consolidated [removed: ounces (thousands)/pounds (millions)] [added: ounces/pounds] sold [added: (millions)] | | | 5,897 | | | | | | 69 | | | | | | [removed: 32,237] [added: 32] | | | | | | 173 | | | | | | 433 | | |

| | | | Year Ended December 31, [removed: 2020 | | | | | | | | | | | | | | | | | |] [added: 2023] | | | | | | | | | | | | | | | | | | | | | | | | | | |

| | | | Gold | | | | | | Copper | | | | | | Silver | | | | | | Lead | | | | | | Zinc | | | [removed: | | | | | | | | | | | | | | | | | |]

| | | | (ounces) | | | | | | (pounds) | | | | | | (ounces) | | | | | | (pounds) | | | | | | (pounds) | | | [removed: | | | | | | | | | | | | | | | | | |]

| Consolidated sales: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | [removed: | | | | | | | | | | | | | | | | | |]

| Gross before provisional pricing and streaming impact | | | $ | [removed: 10,365] [added: 10,605] | | | | | $ | [removed: 160] [added: 601] | | | | | $ | [removed: 468] [added: 312] | | | | | $ | [removed: 155] [added: 103] | | | | | $ | [removed: 419 | | | | | | | | | | | | | | | | | |] [added: 281] | |

| Provisional pricing mark-to-market | | | [removed: 54 | | | | | | 1 | | | | | | 21 | | | | | | (2)] [added: 34] | | | | | | [removed: 6] [added: 15] | | | | | | [added: 7] | | | | | | [added: (4)] | | | | | | [added: (15)] | | |

| Silver streaming amortization | | | — | | | | | | — | | | | | | [removed: 67] [added: 42] | | | | | | — | | | | | | — | | | [removed: | | | | | | | | | | | | | | | | | |]

| Gross after provisional pricing and streaming impact | | | [removed: 10,419 | | | | | | 161 | | | | | | 556 | | | | | | 153] [added: 10,639] | | | | | | [removed: 425] [added: 616] | | | | | | [added: 361] | | | | | | [added: 99] | | | | | | [added: 266] | | |

| Treatment and refining charges | | | [removed: (69) | | | | | | (6) | | | | | |] (46) | | | | | | [removed: (19) | | | | | | (77)] [added: (41)] | | | | | | [added: (26)] | | | | | | [added: (3)] | | | | | | [added: (53)] | | |

| Average realized price (per ounce/pound): (1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | [removed: | | | | | | | | | | | | | | | | | |]

| Gross before provisional pricing and streaming impact | | | $ | [removed: 1,778] [added: 1,957] | | | | | $ | [removed: 2.88] [added: 3.87] | | | | | $ | [removed: 16.37] [added: 18.53] | | | | | $ | [removed: 0.84] [added: 0.96] | | | | | $ | [removed: 1.03 | | | | | | | | | | | | | | | | | |] [added: 1.27] | |

| Provisional pricing mark-to-market | | | [removed: 9 | | | | | | 0.01 | | | | | | 0.74 | | | | | | (0.01)] [added: 6] | | | | | | [removed: 0.01] [added: 0.10] | | | | | | [added: 0.44] | | | | | | [added: (0.03)] | | | | | | [added: (0.07)] | | |

| Silver streaming amortization | | | — | | | | | | — | | | | | | [removed: 2.34] [added: 2.56] | | | | | | — | | | | | | — | | | [removed: | | | | | | | | | | | | | | | | | |]

| Gross after provisional pricing and streaming impact | | | [removed: 1,787 | | | | | | 2.89 | | | | | | 19.45 | | | | | | 0.83] [added: 1,963] | | | | | | [removed: 1.04] [added: 3.97] | | | | | | [added: 21.53] | | | | | | [added: 0.93] | | | | | | [added: 1.20] | | |

| [removed: Treatment] [added: Decrease (increase) in treatment] and refining charges | | | [removed: (12) | | | | | | (0.11) | | | | | | (1.59) | | | | | | (0.11)] [added: (3)] | | | | | | [removed: (0.18)] [added: (31)] | | | | | | [added: 20] | | | | | | [added: 8] | | | | | | [added: 20] | | |

| Increase (decrease) in consolidated ounces/pounds sold | | | $ | [removed: 117] [added: (704)] | | | | | $ | [removed: 32] [added: 266] | | | | | $ | [removed: 71] [added: (260)] | | | | | $ | [removed: (9)] [added: (39)] | | | | | $ | [removed: 27] [added: (233)] | |

| Increase (decrease) in average realized price | | | [removed: 54] [added: 884] | | | | | | [removed: 109] [added: 24] | | | | | | [removed: 81] [added: 26] | | | | | | [removed: 33] [added: (6)] | | | | | | [removed: 162] [added: (75)] | | |

| [removed: Decrease (increase) in treatment] [added: Treatment] and refining charges | | | [removed: 22] [added: (9)] | | | | | | [removed: (1)] [added: (0.26)] | | | | | | [removed: (11)] [added: (1.56)] | | | | | | [removed: 14] [added: (0.03)] | | | | | | [removed: 24] [added: (0.24)] | | |

Refer to Note [removed: 3 of] [added: 5 to] the Consolidated Financial Statements for additional information.

| Lead | | | [removed: 76] [added: 98] | | | | | | [removed: 77] [added: 94] | | | | | | [removed: (1)] [added: 4] | | | | | | [removed: (1)] [added: 4] | | |

| Copper | | | [removed: 23] [added: 53] | | | | | | [removed: 19] [added: 34] | | | | | | [removed: 4] [added: 19] | | | | | | [removed: 21] [added: 56] | | |

| Lead | | | [removed: 39] [added: 45] | | | | | | [removed: 45] [added: 32] | | | | | | [removed: (6)] [added: 13] | | | | | | [removed: (13)] [added: 41] | | |

| Other | | | [removed: 45] [added: 41] | | | | | | [removed: 56] [added: 34] | | | | | | [removed: (11)] [added: 7] | | | | | | [removed: (20)] [added: 21] | | |

The decrease in *Depreciation and amortization* during the year ended December 31, [removed: 2022,] [added: 2023,] compared to the same period in [removed: 2021,] [added: 2022,] is primarily due to [removed: the ramp down] [added: (i) a decrease] of [removed: mining] [added: $76] at [removed: NGM for Long Canyon and] [added: Peñasquito resulting from] lower [removed: production volumes at] [added: sales due to the] Peñasquito [added: labor strike that began in June 2023] and [removed: Éléonore] [added: continued into the fourth quarter; (ii) a decrease in the depreciable asset base at CC&V resulting from the impairment charge recognized during the fourth quarter of 2022; (iii) lower depreciation rates] as a result of lower [removed: ore grade] [added: gold ounces] mined [added: at Akyem;] and [added: (iv) lower depreciation] at NGM [removed: as a result of] [added: due to] lower leach pad production [added: at Long Canyon as a result of the ramp down of mining] and [removed: ore grade mined,] [added: lower amortization rates at Carlin as a result of a longer mill life,] partially offset by higher [removed: production] [added: *Depreciation and amortization*] at [added: Porcupine,] Ahafo, [removed: Akyem,] and [removed: Boddington as a result of higher ore grade milled.][added: Tanami due to asset additions.]

*Exploration* expense was [removed: $231, $209] [added: $265, $231] and [removed: $187] [added: $209] in [removed: 2022, 2021] [added: 2023, 2022] and [removed: 2020,] [added: 2021,] respectively.

*Exploration* expense increased in [removed: 2022,] [added: 2023,] compared to [removed: 2021,] [added: 2022,] primarily due to an increase in drilling projects in the current year, particularly at [removed: South America, NGM] [added: Galore Creek] and [removed: Africa,] [added: Ahafo North,] as a result of [added: COVID-19 related delay to] projects [removed: being delayed from] [added: in the] prior [removed: years due to COVID-19] [added: years,] and higher drilling costs due to cost inflation.

*Advanced projects, research and development* expense was [removed: $229, $154] [added: $200, $229] and [removed: $122] [added: $154] in [removed: 2022, 2021] [added: 2023, 2022] and [removed: 2020,] [added: 2021,] respectively.

Based on a comprehensive review of the Company’s portfolio of assets following the Newcrest acquisition, the Company’s Board of Directors approved a portfolio optimization program to divest six non-core assets and a development project in February 2024.

The non-core assets to be divested include Akyem, CC&V, Éléonore, Porcupine, Musselwhite, Telfer, and a development project in Canada.

In February 2024, the Company concluded that these non-core assets and the development project met the accounting requirements to be presented as Held for Sale in the first quarter of 2024, based on progress made through our active sales program and management’s expectation that the sale is probable and will be completed within 12 months.

As of December 31, 2023, the aggregate net book value of the non-core assets and the development project was $3,419.

On November 6, 2023, the Company completed its business combination transaction with Newcrest Mining Limited, a public Australian mining company limited by shares ("Newcrest"), whereby Newmont, through Newmont Overseas Holdings Pty Ltd, an Australian proprietary company limited by shares (“Newmont Sub”), acquired all of the ordinary shares of Newcrest in a fully stock transaction for total non-cash consideration of $13,549.

Newcrest became a direct wholly owned subsidiary of Newmont Sub and an indirect wholly owned subsidiary of Newmont (such acquisition, the “Newcrest transaction”).

The combined company continues to be traded on the New York Stock Exchange under the ticker NEM.

The combined company is also listed on the Toronto Stock Exchange under the ticker NGT, on the Australian Securities Exchange under the ticker NEM, and on the Papua New Guinea Securities Exchange under the ticker NEM.

In January 2023, Newmont reassessed and revised its operating strategies and the accountabilities of the senior leadership team in light of the continuing volatile and uncertain market conditions, and in November 2023, the Company completed the Newcrest transaction.

Following these changes, the Company reevaluated its segments to reflect the mining operations acquired and certain changes in the financial information regularly reviewed by Newmont's Chief Operating Decision Maker ("CODM").

As a result, the Company determined that its reportable segments were each of its 17 mining operations that it manages and its 38.5% proportionate interest in Nevada Gold Mines ("NGM") which it does not directly manage.

Segment results for the prior periods have been recast to reflect the change in reportable segments.

In the second quarter of 2023, the Company announced the deferral of the full-funds investment decision for the Yanacocha Sulfides project in Peru for at least two years, currently estimated to occur in 2026.

With the delay of the Yanacocha Sulfides project,

| | | | 2023 | | | | | | 2022 | | | | | | | | | | | | | | |

*Net income (loss) from continuing operations attributable to Newmont stockholders* decreased during the year ended December 31, 2023, compared to the same period in 2022, primarily due to (i) higher *Reclamation and Remediation*; (ii) higher *Impairment charges* in 2023 compared to 2022; (iii) the Peñasquito labor strike; (iv) Newcrest transaction and integration costs of $464 incurred in 2023; (v) a loss on abandonment of $235 related to the Peñasquito pyrite leach plant; (vi) higher income tax expense; and (vii) lower production at Akyem to re-sequence the mine plan and temporarily suspend mining in the main pit to make safety improvements and fortify the catch berms above the haul road into the pit.

The decrease in *Net income (loss) from continuing operations attributable to Newmont stockholders* is partially offset by (i) higher average realized prices for gold, silver and copper; (ii) lower *Depreciation and amortization;* (iii) an increase to *Net income (loss) from continuing operations attributable to Newmont stockholders* of $136 related to the acquired Newcrest sites; (iv) a higher non-cash pension settlement charge recognized in 2022 compared to 2023; and (v) higher interest income due to interest earned on time deposits in 2023.

See below for further information on the change in *Depreciation and amortization.*

| | | | 2023 | | | | | | 2022 | | | | | | | | | | | | | | |

| Gold | | | $ | 10,593 | | | | | $ | 10,416 | | | | | $ | 177 | | | | | 2 | | % |

| Copper | | | 575 | | | | | | 316 | | | | | | 259 | | | | | | 82 | | |

| Silver | | | 335 | | | | | | 549 | | | | | | (214) | | | | | | (39) | | |

| Lead | | | 96 | | | | | | 133 | | | | | | (37) | | | | | | (28) | | |

| Zinc | | | 213 | | | | | | 501 | | | | | | (288) | | | | | | (57) | | |

| | | | $ | 11,812 | | | | | $ | 11,915 | | | | | $ | (103) | | | | | (1) | | % |

| Net | | | $ | 10,593 | | | | | $ | 575 | | | | | $ | 335 | | | | | $ | 96 | | | | | $ | 213 | |

| Consolidated ounces/pounds sold (millions) | | | 5,420 | | | | | | 155 | | | | | | 17 | | | | | | 107 | | | | | | 222 | | |

| Net | | | $ | 1,954 | | | | | $ | 3.71 | | | | | $ | 19.97 | | | | | $ | 0.90 | | | | | $ | 0.96 | |

| | | | 2023 vs. 2022 | | | | | | | | | | | | | | | | | | | | | | | | | | |

| | | | $ | 177 | | | | | $ | 259 | | | | | $ | (214) | | | | | $ | (37) | | | | | $ | (288) | |

*Sales* decreased during the year ended December 31, 2023, compared to the same period in 2022, by $103.

Of the $10,593 of gold sales and $575 of copper sales in 2023, $732 and $212, respectively, were attributable to sites acquired in the Newcrest transaction.

Excluding the impact of these sites, gold sales decreased $555 (5%) and copper sales increased $47 (15%).

| | | | 2023 | | | | | | 2022 | | | | | | | | | | | | | | |

| Gold | | | $ | 5,689 | | | | | $ | 5,423 | | | | | $ | 266 | | | | | 5 | | % |

| Copper | | | 359 | | | | | | 181 | | | | | | 178 | | | | | | 98 | | |

| Silver | | | 300 | | | | | | 454 | | | | | | (154) | | | | | | (34) | | |

| Zinc | | | 253 | | | | | | 316 | | | | | | (63) | | | | | | (20) | | |

| | | | $ | 6,699 | | | | | $ | 6,468 | | | | | $ | 231 | | | | | 4 | | % |

The increase in *Costs applicable to sales* during the year ended December 31, 2023, compared to the same period in 2022, is primarily due to the impact of sites acquired in the Newcrest transaction, which contributed $629 to *Costs applicable to sales*.

In the third quarter of 2022, as a result of these challenging market conditions, record inflation rates, the rising prices for commodities and raw materials, prolonged supply chain disruptions, competitive labor markets and consideration of capital allocation, the Company announced the delay of the full-funds investment decision for the Yanacocha Sulfides project in Peru.

| | | | 2021 | | | | | | 2020 | | | | | | | | | | | | | | |

The decrease in *Net income (loss) from continuing operations attributable to Newmont stockholders* during the year ended December 31, 2022, compared to the same period in 2021, is primarily due to higher *Impairment charges* resulting from impairment of goodwill at Cerro Negro and Porcupine and impairment of long-lived assets at CC&V, higher *Costs applicable to sales* predominately resulting from cost inflation impacts and $70 related to the profit-sharing agreement entered into by the Company in 2022 at Peñasquito (the "Peñasquito Profit-Sharing Agreement") related to 2021 site performance, and lower sales volumes for all metals except copper, partially offset by lower *Reclamation and remediation,* lower income tax expense, and the *Loss on assets held for sale* in 2021 related to the Conga mill assets.

| Gold | | | $ | 10,543 | | | | | $ | 10,350 | | | | | $ | 193 | | | | | 2 | | % |

| Copper | | | 295 | | | | | | 155 | | | | | | 140 | | | | | | 90 | | |

| Silver | | | 651 | | | | | | 510 | | | | | | 141 | | | | | | 28 | | |

| Lead | | | 172 | | | | | | 134 | | | | | | 38 | | | | | | 28 | | |

| Zinc | | | 561 | | | | | | 348 | | | | | | 213 | | | | | | 61 | | |

| | | | $ | 12,222 | | | | | $ | 11,497 | | | | | $ | 725 | | | | | 6 | | % |

___________________________

____________________________

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Net | | | $ | 10,350 | | | | | $ | 155 | | | | | $ | 510 | | | | | $ | 134 | | | | | $ | 348 | | | | | | | | | | | | | | | | | | | |

| Consolidated ounces (thousands)/pounds (millions) sold | | | 5,831 | | | | | | 56 | | | | | | 28,596 | | | | | | 185 | | | | | | 407 | | | | | | | | | | | | | | | | | | | | |

| Net | | | $ | 1,775 | | | | | $ | 2.78 | | | | | $ | 17.86 | | | | | $ | 0.72 | | | | | $ | 0.86 | | | | | | | | | | | | | | | | | | | |

| | | | 2021 vs. 2020 | | | | | | | | | | | | | | | | | | | | | | | | | | |

| | | | $ | 193 | | | | | $ | 140 | | | | | $ | 141 | | | | | $ | 38 | | | | | $ | 213 | |

| Gold | | | $ | 4,628 | | | | | $ | 4,408 | | | | | $ | 220 | | | | | 5 | | % |

| Copper | | | 143 | | | | | | 107 | | | | | | 36 | | | | | | 34 | | |

| Silver | | | 332 | | | | | | 201 | | | | | | 131 | | | | | | 65 | | |

| Zinc | | | 256 | | | | | | 221 | | | | | | 35 | | | | | | 16 | | |

| | | | $ | 5,435 | | | | | $ | 5,014 | | | | | $ | 421 | | | | | 8 | | % |

The increase in *Costs applicable to sales* during the year ended December 31, 2022, compared to the same period in 2021, is primarily due to (i) impacts from cost inflation due to higher input commodity prices, notably fuel and energy costs, and increased labor costs (ii) higher inventory adjustments primarily at NGM, Yanacocha, CC&V, and Akyem (iii) the Peñasquito Profit-Sharing Agreement and (iv) lower by-product credits, partially offset by lower sales volumes.

| Gold | | | $ | 1,935 | | | | | $ | 1,942 | | | | | $ | (7) | | | | | — | | % |

| Silver | | | 169 | | | | | | 117 | | | | | | 52 | | | | | | 44 | | |

| Zinc | | | 112 | | | | | | 121 | | | | | | (9) | | | | | | (7) | | |

| | | | $ | 2,323 | | | | | $ | 2,300 | | | | | $ | 23 | | | | | 1 | | % |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Australia | | | 1,109 | | | | | | 36 | | | | | | 400 | | | | | | 269 | | | | | | 94 | | | | | | 1,093 | | | | | | 34 | | | | | | 371 | | | | | | 268 | | | | | | 102 | | |

| Peru | | | (644) | | | | | | (1) | | | | | | 4 | | | (2) | | | 33 | | | | | | 4 | | | | | | (2,121) | | | | | | (5) | | | | | | 106 | | | (2) | | | 148 | | | (2) | | | 10 | | |

| Consolidated | | | $ | (51) | | | | | (892) | | % | (4) | | | $ | 455 | | | | | $ | 852 | | | | | $ | 272 | | | | | $ | 1,108 | | | | | 99 | | % | (4) | | | $ | 1,098 | | | | | $ | 1,212 | | | | | $ | 322 | |

(2)Includes tax expense of $— and $55 for the Yanacocha Tax Dispute.

The federal and state cash tax payment includes $80 paid for the Yanacocha Tax Dispute.

(5)Includes $16 of withholding tax.

| 2020 GEO Price | | | $ | 1,200 | | | | | $ | 2.75 | | | | | $ | 16.00 | | | | | $ | 0.95 | | | | | $ | 1.20 | |

Our mines continued to incur costs related to health and safety measures taken to combat the on-going COVID-19 pandemic.

For the years ended December 31, 2022, 2021 and 2020, we incurred $38, $87 and $92, respectively, of incremental direct costs related to our response to the COVID-19 pandemic, included in *Other expense, net.*

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| [Report of Independent Registered Public Accounting [removed: Firm](#i2d17b310f5b549aca71eb52c29055740_199)] [added: Firm](#ie307b7f42be4454998f44b456109c9aa_238)] (Ernst & Young LLP; PCAOB ID: 42) | | | | | | [removed: [113](#i2d17b310f5b549aca71eb52c29055740_199)] [added: [127](#ie307b7f42be4454998f44b456109c9aa_238)] | | |

| [Report of Independent Registered Public Accounting [removed: Firm](#i2d17b310f5b549aca71eb52c29055740_202)] [added: Firm](#ie307b7f42be4454998f44b456109c9aa_241)] (PricewaterhouseCoopers LLP; PCAOB ID: 271) | | | | | | [removed: [115](#i2d17b310f5b549aca71eb52c29055740_202)] [added: [129](#ie307b7f42be4454998f44b456109c9aa_241)] | | |

| [Consolidated Statements of Comprehensive Income [removed: (Loss)](#i2d17b310f5b549aca71eb52c29055740_208)] [added: (Loss)](#ie307b7f42be4454998f44b456109c9aa_247)] | | | | | | [removed: [118](#i2d17b310f5b549aca71eb52c29055740_208)] [added: [132](#ie307b7f42be4454998f44b456109c9aa_247)] | | |

| [Consolidated Statements of Cash [removed: Flows](#i2d17b310f5b549aca71eb52c29055740_211)] [added: Flows](#ie307b7f42be4454998f44b456109c9aa_253)] | | | | | | [removed: [120](#i2d17b310f5b549aca71eb52c29055740_211)] [added: [134](#ie307b7f42be4454998f44b456109c9aa_253)] | | |

| [Consolidated Statement of Changes in [removed: Equity](#i2d17b310f5b549aca71eb52c29055740_217)] [added: Equity](#ie307b7f42be4454998f44b456109c9aa_256)] | | | | | | [removed: [122](#i2d17b310f5b549aca71eb52c29055740_217)] [added: [136](#ie307b7f42be4454998f44b456109c9aa_256)] | | |

[removed: | [Notes to Consolidated Financial Statements](#i2d17b310f5b549aca71eb52c29055740_220) | | | | | | [123](#i2d17b310f5b549aca71eb52c29055740_220) | | |][added: NOTES TO CONSOLIDATED FINANCIAL STATEMENTS]

| | | | [Note [removed: 2,](#i2d17b310f5b549aca71eb52c29055740_226) [Summary] [added: 2, Summary] of Significant Accounting [removed: Policies](#i2d17b310f5b549aca71eb52c29055740_226)] [added: Policies](#ie307b7f42be4454998f44b456109c9aa_265)] | | | [removed: [124](#i2d17b310f5b549aca71eb52c29055740_226)] [added: [138](#ie307b7f42be4454998f44b456109c9aa_265)] | | |

[removed: | | | | [Note 3,](#i2d17b310f5b549aca71eb52c29055740_232) [Segment Information](#i2d17b310f5b549aca71eb52c29055740_232) | | | [134](#i2d17b310f5b549aca71eb52c29055740_232) | | |][added: NOTE 4 SEGMENT INFORMATION]

[removed: | | | | [Note](#i2d17b310f5b549aca71eb52c29055740_235) [4](#i2d17b310f5b549aca71eb52c29055740_235)[,](#i2d17b310f5b549aca71eb52c29055740_235) [Sales](#i2d17b310f5b549aca71eb52c29055740_235) | | | [139](#i2d17b310f5b549aca71eb52c29055740_235) | | |][added: NOTE 5 SALES]

[removed: | | | | [Note](#i2d17b310f5b549aca71eb52c29055740_238) [5](#i2d17b310f5b549aca71eb52c29055740_238)[,](#i2d17b310f5b549aca71eb52c29055740_238) [Reclamation and Remediation](#i2d17b310f5b549aca71eb52c29055740_238) | | | [142](#i2d17b310f5b549aca71eb52c29055740_238) | | |][added: NOTE 6 RECLAMATION AND REMEDIATION]

[removed: | | | | [Note 7, Other Expense, Net](#i2d17b310f5b549aca71eb52c29055740_247) | | | [145](#i2d17b310f5b549aca71eb52c29055740_247) | | |][added: NOTE 8 OTHER EXPENSE, NET]

| [added: (Gain) loss on asset and investment sales, net] | | | [removed: [Note 8, Gain on Asset and Investment Sales, Net](#i2d17b310f5b549aca71eb52c29055740_250)] [added: 197] | | | [removed: [146](#i2d17b310f5b549aca71eb52c29055740_250)] | | | [added: (35) | | | | | | (212) | | |]

| [added: Other income (loss), net (Note 9)] | | | [removed: [Note 9, Other Income, Net](#i2d17b310f5b549aca71eb52c29055740_253)] | | | [removed: [147](#i2d17b310f5b549aca71eb52c29055740_253)] | | | [added: | | | | | | (88) | | | | | | (27) | | | | | | 125 | | |]

| | | | [Note 10, Income and Mining [removed: Taxes](#i2d17b310f5b549aca71eb52c29055740_256)] [added: Taxes](#ie307b7f42be4454998f44b456109c9aa_289)] | | | [removed: [147](#i2d17b310f5b549aca71eb52c29055740_256)] [added: [163](#ie307b7f42be4454998f44b456109c9aa_289)] | | |

| [added: Employee-related benefits (Note 11)] | | | [removed: [Note 11, Employee-Related Benefits](#i2d17b310f5b549aca71eb52c29055740_259)] [added: 551] | | | [removed: [151](#i2d17b310f5b549aca71eb52c29055740_259)] | | | [added: 399 | | |]

| [added: Stock-based compensation (Note 12)] | | | [removed: [Note 12, Stock-Based Compensation](#i2d17b310f5b549aca71eb52c29055740_262)] [added: 80] | | | [removed: [155](#i2d17b310f5b549aca71eb52c29055740_262)] | | | [added: 73 | | | | | | 72 | | |]

| | | | [Note 13, Fair Value [removed: Accounting](#i2d17b310f5b549aca71eb52c29055740_265)] [added: Accounting](#ie307b7f42be4454998f44b456109c9aa_298)] | | | [removed: [157](#i2d17b310f5b549aca71eb52c29055740_265)] [added: [172](#ie307b7f42be4454998f44b456109c9aa_298)] | | |

| [removed: | | | [Note 17,] Stockpiles and [removed: Ore] [added: ore] on [removed: Leach Pads](#i2d17b310f5b549aca71eb52c29055740_274)] [added: leach pads (Note 17)] | | | [removed: [163](#i2d17b310f5b549aca71eb52c29055740_274)] [added: 979] | | | [added: | | | 774 | | |]

| | | | [Note 18, Property, Plant and Mine [removed: Development](#i2d17b310f5b549aca71eb52c29055740_277)] [added: Development](#ie307b7f42be4454998f44b456109c9aa_313)] | | | [removed: [164](#i2d17b310f5b549aca71eb52c29055740_277)] [added: [181](#ie307b7f42be4454998f44b456109c9aa_313)] | | |

| [added: Lease and other financing obligations (Note 21)] | | | [removed: [Note 21, Lease and Other Financing Obligations](#i2d17b310f5b549aca71eb52c29055740_286)] [added: 114] | | | [removed: [166](#i2d17b310f5b549aca71eb52c29055740_286)] | | | [added: 96 | | |]

| [added: Accumulated other comprehensive income (loss) (Note 23)] | | | [removed: [Note 23, Reclassifications out of Accumulated Other Comprehensive Income (Loss)](#i2d17b310f5b549aca71eb52c29055740_292)] [added: 14] | | | [removed: [168](#i2d17b310f5b549aca71eb52c29055740_292)] | | | [added: 29 | | |]