Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

Analysis of Reportable Segments

Microsoft Excel

Newmont Corp. operates in 18 segments: CC&V, U.S.; Musselwhite, Canada; Porcupine, Canada; Éléonore, Canada; Red Chris, Canada; Brucejack, Canada; Peñasquito, Mexico; Merian, Suriname; Cerro Negro, Argentina; Yanacocha, Peru; Boddington, Australia; Tanami, Australia; Cadia, Australia; Telfer, Australia; Lihir, Papua New Guinea; Ahafo, Ghana; Akyem, Ghana; and NGM, U.S..


Segment Profit Margin

Newmont Corp., profit margin by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
CC&V, U.S. 24.70% -158.26% 16.16%
Musselwhite, Canada -72.36% 7.54% 10.83%
Porcupine, Canada 8.95% -65.28% 23.40%
Éléonore, Canada -44.81% 1.02% 13.45%
Red Chris, Canada 25.00%
Brucejack, Canada -36.11%
Peñasquito, Mexico -201.00% 18.41% 37.17%
Merian, Suriname 19.52% 34.44% 42.05%
Cerro Negro, Argentina 2.94% -88.78% 14.17%
Yanacocha, Peru -199.26% -135.70% -329.51%
Boddington, Australia 44.71% 44.19% 41.61%
Tanami, Australia 46.94% 48.06% 53.01%
Cadia, Australia 37.44%
Telfer, Australia -6.58%
Lihir, Papua New Guinea 34.96%
Ahafo, Ghana 32.65% 26.10% 31.13%
Akyem, Ghana 26.31% 34.31% 41.76%
NGM, U.S. 19.02% 20.69% 35.70%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Segment profitability ratio Reportable segment The company
Segment profit margin CC&V, U.S. CC&V, U.S. segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Musselwhite, Canada Musselwhite, Canada segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Porcupine, Canada Porcupine, Canada segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Éléonore, Canada Éléonore, Canada segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Red Chris, Canada
Brucejack, Canada
Peñasquito, Mexico Peñasquito, Mexico segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Merian, Suriname Merian, Suriname segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Cerro Negro, Argentina Cerro Negro, Argentina segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Yanacocha, Peru Yanacocha, Peru segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Boddington, Australia Boddington, Australia segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Tanami, Australia Tanami, Australia segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Cadia, Australia
Telfer, Australia
Lihir, Papua New Guinea
Ahafo, Ghana Ahafo, Ghana segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Akyem, Ghana Akyem, Ghana segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
NGM, U.S. NGM, U.S. segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: CC&V, U.S.

Newmont Corp.; CC&V, U.S.; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 82 (527) 64
Sales 332 333 396
Segment Profitability Ratio
Segment profit margin1 24.70% -158.26% 16.16%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 82 ÷ 332 = 24.70%

Segment profitability ratio Reportable segment The company
Segment profit margin CC&V, U.S. CC&V, U.S. segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Segment Profit Margin: Musselwhite, Canada

Newmont Corp.; Musselwhite, Canada; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items (254) 23 30
Sales 351 305 277
Segment Profitability Ratio
Segment profit margin1 -72.36% 7.54% 10.83%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × -254 ÷ 351 = -72.36%

Segment profitability ratio Reportable segment The company
Segment profit margin Musselwhite, Canada Musselwhite, Canada segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Porcupine, Canada

Newmont Corp.; Porcupine, Canada; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 45 (329) 121
Sales 503 504 517
Segment Profitability Ratio
Segment profit margin1 8.95% -65.28% 23.40%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 45 ÷ 503 = 8.95%

Segment profitability ratio Reportable segment The company
Segment profit margin Porcupine, Canada Porcupine, Canada segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Segment Profit Margin: Éléonore, Canada

Newmont Corp.; Éléonore, Canada; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items (203) 4 60
Sales 453 391 446
Segment Profitability Ratio
Segment profit margin1 -44.81% 1.02% 13.45%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × -203 ÷ 453 = -44.81%

Segment profitability ratio Reportable segment The company
Segment profit margin Éléonore, Canada Éléonore, Canada segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Red Chris, Canada

Newmont Corp.; Red Chris, Canada; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 8
Sales 32
Segment Profitability Ratio
Segment profit margin1 25.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 8 ÷ 32 = 25.00%

Segment profitability ratio Reportable segment The company
Segment profit margin Red Chris, Canada

Segment Profit Margin: Brucejack, Canada

Newmont Corp.; Brucejack, Canada; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items (26)
Sales 72
Segment Profitability Ratio
Segment profit margin1 -36.11%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × -26 ÷ 72 = -36.11%

Segment profitability ratio Reportable segment The company
Segment profit margin Brucejack, Canada

Segment Profit Margin: Peñasquito, Mexico

Newmont Corp.; Peñasquito, Mexico; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items (1,811) 403 979
Sales 901 2,189 2,634
Segment Profitability Ratio
Segment profit margin1 -201.00% 18.41% 37.17%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × -1,811 ÷ 901 = -201.00%

Segment profitability ratio Reportable segment The company
Segment profit margin Peñasquito, Mexico Peñasquito, Mexico segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Merian, Suriname

Newmont Corp.; Merian, Suriname; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 122 249 328
Sales 625 723 780
Segment Profitability Ratio
Segment profit margin1 19.52% 34.44% 42.05%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 122 ÷ 625 = 19.52%

Segment profitability ratio Reportable segment The company
Segment profit margin Merian, Suriname Merian, Suriname segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Cerro Negro, Argentina

Newmont Corp.; Cerro Negro, Argentina; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 15 (451) 68
Sales 510 508 480
Segment Profitability Ratio
Segment profit margin1 2.94% -88.78% 14.17%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 15 ÷ 510 = 2.94%

Segment profitability ratio Reportable segment The company
Segment profit margin Cerro Negro, Argentina Cerro Negro, Argentina segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Segment Profit Margin: Yanacocha, Peru

Newmont Corp.; Yanacocha, Peru; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items (1,070) (612) (1,552)
Sales 537 451 471
Segment Profitability Ratio
Segment profit margin1 -199.26% -135.70% -329.51%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × -1,070 ÷ 537 = -199.26%

Segment profitability ratio Reportable segment The company
Segment profit margin Yanacocha, Peru Yanacocha, Peru segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment Profit Margin: Boddington, Australia

Newmont Corp.; Boddington, Australia; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 811 779 627
Sales 1,814 1,763 1,507
Segment Profitability Ratio
Segment profit margin1 44.71% 44.19% 41.61%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 811 ÷ 1,814 = 44.71%

Segment profitability ratio Reportable segment The company
Segment profit margin Boddington, Australia Boddington, Australia segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Tanami, Australia

Newmont Corp.; Tanami, Australia; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 407 422 466
Sales 867 878 879
Segment Profitability Ratio
Segment profit margin1 46.94% 48.06% 53.01%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 407 ÷ 867 = 46.94%

Segment profitability ratio Reportable segment The company
Segment profit margin Tanami, Australia Tanami, Australia segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Cadia, Australia

Newmont Corp.; Cadia, Australia; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 158
Sales 422
Segment Profitability Ratio
Segment profit margin1 37.44%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 158 ÷ 422 = 37.44%

Segment profitability ratio Reportable segment The company
Segment profit margin Cadia, Australia

Segment Profit Margin: Telfer, Australia

Newmont Corp.; Telfer, Australia; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items (10)
Sales 152
Segment Profitability Ratio
Segment profit margin1 -6.58%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × -10 ÷ 152 = -6.58%

Segment profitability ratio Reportable segment The company
Segment profit margin Telfer, Australia

Segment Profit Margin: Lihir, Papua New Guinea

Newmont Corp.; Lihir, Papua New Guinea; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 93
Sales 266
Segment Profitability Ratio
Segment profit margin1 34.96%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 93 ÷ 266 = 34.96%

Segment profitability ratio Reportable segment The company
Segment profit margin Lihir, Papua New Guinea

Segment Profit Margin: Ahafo, Ghana

Newmont Corp.; Ahafo, Ghana; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 369 267 269
Sales 1,130 1,023 864
Segment Profitability Ratio
Segment profit margin1 32.65% 26.10% 31.13%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 369 ÷ 1,130 = 32.65%

Segment profitability ratio Reportable segment The company
Segment profit margin Ahafo, Ghana Ahafo, Ghana segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Segment Profit Margin: Akyem, Ghana

Newmont Corp.; Akyem, Ghana; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 151 257 284
Sales 574 749 680
Segment Profitability Ratio
Segment profit margin1 26.31% 34.31% 41.76%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 151 ÷ 574 = 26.31%

Segment profitability ratio Reportable segment The company
Segment profit margin Akyem, Ghana Akyem, Ghana segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: NGM, U.S.

Newmont Corp.; NGM, U.S.; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 432 434 818
Sales 2,271 2,098 2,291
Segment Profitability Ratio
Segment profit margin1 19.02% 20.69% 35.70%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 432 ÷ 2,271 = 19.02%

Segment profitability ratio Reportable segment The company
Segment profit margin NGM, U.S. NGM, U.S. segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Return on Assets (Segment ROA)

Newmont Corp., ROA by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
CC&V, U.S. 21.41% -184.27% 8.24%
Musselwhite, Canada -24.95% 1.78% 2.28%
Porcupine, Canada 3.05% -23.48% 7.70%
Éléonore, Canada -26.13% 0.40% 5.65%
Red Chris, Canada 0.37%
Brucejack, Canada -0.65%
Peñasquito, Mexico -38.22% 6.27% 14.92%
Merian, Suriname 13.16% 26.98% 34.45%
Cerro Negro, Argentina 0.91% -27.19% 3.11%
Yanacocha, Peru -50.54% -27.51% -89.45%
Boddington, Australia 34.13% 34.41% 27.73%
Tanami, Australia 21.47% 26.62% 34.93%
Cadia, Australia 2.49%
Telfer, Australia -1.74%
Lihir, Papua New Guinea 2.38%
Ahafo, Ghana 13.07% 10.19% 11.09%
Akyem, Ghana 14.13% 25.75% 28.69%
NGM, U.S. 5.84% 5.85% 10.79%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Segment profitability ratio Reportable segment The company
Segment ROA CC&V, U.S. CC&V, U.S. segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Musselwhite, Canada Musselwhite, Canada segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.
Porcupine, Canada Porcupine, Canada segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Éléonore, Canada Éléonore, Canada segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.
Red Chris, Canada
Brucejack, Canada
Peñasquito, Mexico Peñasquito, Mexico segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.
Merian, Suriname Merian, Suriname segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.
Cerro Negro, Argentina Cerro Negro, Argentina segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Yanacocha, Peru Yanacocha, Peru segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Boddington, Australia Boddington, Australia segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Tanami, Australia Tanami, Australia segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.
Cadia, Australia
Telfer, Australia
Lihir, Papua New Guinea
Ahafo, Ghana Ahafo, Ghana segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Akyem, Ghana Akyem, Ghana segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.
NGM, U.S. NGM, U.S. segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment ROA: CC&V, U.S.

Newmont Corp.; CC&V, U.S.; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 82 (527) 64
Total assets 383 286 777
Segment Profitability Ratio
Segment ROA1 21.41% -184.27% 8.24%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 82 ÷ 383 = 21.41%

Segment profitability ratio Reportable segment The company
Segment ROA CC&V, U.S. CC&V, U.S. segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Segment ROA: Musselwhite, Canada

Newmont Corp.; Musselwhite, Canada; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items (254) 23 30
Total assets 1,018 1,294 1,317
Segment Profitability Ratio
Segment ROA1 -24.95% 1.78% 2.28%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × -254 ÷ 1,018 = -24.95%

Segment profitability ratio Reportable segment The company
Segment ROA Musselwhite, Canada Musselwhite, Canada segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment ROA: Porcupine, Canada

Newmont Corp.; Porcupine, Canada; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 45 (329) 121
Total assets 1,473 1,401 1,572
Segment Profitability Ratio
Segment ROA1 3.05% -23.48% 7.70%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 45 ÷ 1,473 = 3.05%

Segment profitability ratio Reportable segment The company
Segment ROA Porcupine, Canada Porcupine, Canada segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Segment ROA: Éléonore, Canada

Newmont Corp.; Éléonore, Canada; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items (203) 4 60
Total assets 777 1,010 1,062
Segment Profitability Ratio
Segment ROA1 -26.13% 0.40% 5.65%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × -203 ÷ 777 = -26.13%

Segment profitability ratio Reportable segment The company
Segment ROA Éléonore, Canada Éléonore, Canada segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment ROA: Red Chris, Canada

Newmont Corp.; Red Chris, Canada; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 8
Total assets 2,178
Segment Profitability Ratio
Segment ROA1 0.37%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 8 ÷ 2,178 = 0.37%

Segment profitability ratio Reportable segment The company
Segment ROA Red Chris, Canada

Segment ROA: Brucejack, Canada

Newmont Corp.; Brucejack, Canada; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items (26)
Total assets 4,006
Segment Profitability Ratio
Segment ROA1 -0.65%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × -26 ÷ 4,006 = -0.65%

Segment profitability ratio Reportable segment The company
Segment ROA Brucejack, Canada

Segment ROA: Peñasquito, Mexico

Newmont Corp.; Peñasquito, Mexico; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items (1,811) 403 979
Total assets 4,738 6,430 6,561
Segment Profitability Ratio
Segment ROA1 -38.22% 6.27% 14.92%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × -1,811 ÷ 4,738 = -38.22%

Segment profitability ratio Reportable segment The company
Segment ROA Peñasquito, Mexico Peñasquito, Mexico segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment ROA: Merian, Suriname

Newmont Corp.; Merian, Suriname; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 122 249 328
Total assets 927 923 952
Segment Profitability Ratio
Segment ROA1 13.16% 26.98% 34.45%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 122 ÷ 927 = 13.16%

Segment profitability ratio Reportable segment The company
Segment ROA Merian, Suriname Merian, Suriname segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment ROA: Cerro Negro, Argentina

Newmont Corp.; Cerro Negro, Argentina; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 15 (451) 68
Total assets 1,646 1,659 2,183
Segment Profitability Ratio
Segment ROA1 0.91% -27.19% 3.11%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 15 ÷ 1,646 = 0.91%

Segment profitability ratio Reportable segment The company
Segment ROA Cerro Negro, Argentina Cerro Negro, Argentina segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Segment ROA: Yanacocha, Peru

Newmont Corp.; Yanacocha, Peru; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items (1,070) (612) (1,552)
Total assets 2,117 2,225 1,735
Segment Profitability Ratio
Segment ROA1 -50.54% -27.51% -89.45%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × -1,070 ÷ 2,117 = -50.54%

Segment profitability ratio Reportable segment The company
Segment ROA Yanacocha, Peru Yanacocha, Peru segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment ROA: Boddington, Australia

Newmont Corp.; Boddington, Australia; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 811 779 627
Total assets 2,376 2,264 2,261
Segment Profitability Ratio
Segment ROA1 34.13% 34.41% 27.73%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 811 ÷ 2,376 = 34.13%

Segment profitability ratio Reportable segment The company
Segment ROA Boddington, Australia Boddington, Australia segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment ROA: Tanami, Australia

Newmont Corp.; Tanami, Australia; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 407 422 466
Total assets 1,896 1,585 1,334
Segment Profitability Ratio
Segment ROA1 21.47% 26.62% 34.93%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 407 ÷ 1,896 = 21.47%

Segment profitability ratio Reportable segment The company
Segment ROA Tanami, Australia Tanami, Australia segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment ROA: Cadia, Australia

Newmont Corp.; Cadia, Australia; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 158
Total assets 6,351
Segment Profitability Ratio
Segment ROA1 2.49%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 158 ÷ 6,351 = 2.49%

Segment profitability ratio Reportable segment The company
Segment ROA Cadia, Australia

Segment ROA: Telfer, Australia

Newmont Corp.; Telfer, Australia; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items (10)
Total assets 574
Segment Profitability Ratio
Segment ROA1 -1.74%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × -10 ÷ 574 = -1.74%

Segment profitability ratio Reportable segment The company
Segment ROA Telfer, Australia

Segment ROA: Lihir, Papua New Guinea

Newmont Corp.; Lihir, Papua New Guinea; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 93
Total assets 3,909
Segment Profitability Ratio
Segment ROA1 2.38%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 93 ÷ 3,909 = 2.38%

Segment profitability ratio Reportable segment The company
Segment ROA Lihir, Papua New Guinea

Segment ROA: Ahafo, Ghana

Newmont Corp.; Ahafo, Ghana; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 369 267 269
Total assets 2,823 2,619 2,425
Segment Profitability Ratio
Segment ROA1 13.07% 10.19% 11.09%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 369 ÷ 2,823 = 13.07%

Segment profitability ratio Reportable segment The company
Segment ROA Ahafo, Ghana Ahafo, Ghana segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Segment ROA: Akyem, Ghana

Newmont Corp.; Akyem, Ghana; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 151 257 284
Total assets 1,069 998 990
Segment Profitability Ratio
Segment ROA1 14.13% 25.75% 28.69%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 151 ÷ 1,069 = 14.13%

Segment profitability ratio Reportable segment The company
Segment ROA Akyem, Ghana Akyem, Ghana segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment ROA: NGM, U.S.

Newmont Corp.; NGM, U.S.; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) before income and mining tax and other items 432 434 818
Total assets 7,401 7,419 7,584
Segment Profitability Ratio
Segment ROA1 5.84% 5.85% 10.79%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 432 ÷ 7,401 = 5.84%

Segment profitability ratio Reportable segment The company
Segment ROA NGM, U.S. NGM, U.S. segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover

Newmont Corp., asset turnover by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
CC&V, U.S. 0.87 1.16 0.51
Musselwhite, Canada 0.34 0.24 0.21
Porcupine, Canada 0.34 0.36 0.33
Éléonore, Canada 0.58 0.39 0.42
Red Chris, Canada 0.01
Brucejack, Canada 0.02
Peñasquito, Mexico 0.19 0.34 0.40
Merian, Suriname 0.67 0.78 0.82
Cerro Negro, Argentina 0.31 0.31 0.22
Yanacocha, Peru 0.25 0.20 0.27
Boddington, Australia 0.76 0.78 0.67
Tanami, Australia 0.46 0.55 0.66
Cadia, Australia 0.07
Telfer, Australia 0.26
Lihir, Papua New Guinea 0.07
Ahafo, Ghana 0.40 0.39 0.36
Akyem, Ghana 0.54 0.75 0.69
NGM, U.S. 0.31 0.28 0.30

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Segment activity ratio Reportable segment The company
Segment asset turnover CC&V, U.S. CC&V, U.S. segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Musselwhite, Canada Musselwhite, Canada segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Porcupine, Canada Porcupine, Canada segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Éléonore, Canada Éléonore, Canada segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Red Chris, Canada
Brucejack, Canada
Peñasquito, Mexico Peñasquito, Mexico segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Merian, Suriname Merian, Suriname segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Cerro Negro, Argentina Cerro Negro, Argentina segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Yanacocha, Peru Yanacocha, Peru segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Boddington, Australia Boddington, Australia segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Tanami, Australia Tanami, Australia segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Cadia, Australia
Telfer, Australia
Lihir, Papua New Guinea
Ahafo, Ghana Ahafo, Ghana segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Akyem, Ghana Akyem, Ghana segment asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
NGM, U.S. NGM, U.S. segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Segment Asset Turnover: CC&V, U.S.

Newmont Corp.; CC&V, U.S.; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 332 333 396
Total assets 383 286 777
Segment Activity Ratio
Segment asset turnover1 0.87 1.16 0.51

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 332 ÷ 383 = 0.87

Segment activity ratio Reportable segment The company
Segment asset turnover CC&V, U.S. CC&V, U.S. segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment Asset Turnover: Musselwhite, Canada

Newmont Corp.; Musselwhite, Canada; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 351 305 277
Total assets 1,018 1,294 1,317
Segment Activity Ratio
Segment asset turnover1 0.34 0.24 0.21

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 351 ÷ 1,018 = 0.34

Segment activity ratio Reportable segment The company
Segment asset turnover Musselwhite, Canada Musselwhite, Canada segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover: Porcupine, Canada

Newmont Corp.; Porcupine, Canada; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 503 504 517
Total assets 1,473 1,401 1,572
Segment Activity Ratio
Segment asset turnover1 0.34 0.36 0.33

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 503 ÷ 1,473 = 0.34

Segment activity ratio Reportable segment The company
Segment asset turnover Porcupine, Canada Porcupine, Canada segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Segment Asset Turnover: Éléonore, Canada

Newmont Corp.; Éléonore, Canada; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 453 391 446
Total assets 777 1,010 1,062
Segment Activity Ratio
Segment asset turnover1 0.58 0.39 0.42

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 453 ÷ 777 = 0.58

Segment activity ratio Reportable segment The company
Segment asset turnover Éléonore, Canada Éléonore, Canada segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Segment Asset Turnover: Red Chris, Canada

Newmont Corp.; Red Chris, Canada; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 32
Total assets 2,178
Segment Activity Ratio
Segment asset turnover1 0.01

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 32 ÷ 2,178 = 0.01

Segment activity ratio Reportable segment The company
Segment asset turnover Red Chris, Canada

Segment Asset Turnover: Brucejack, Canada

Newmont Corp.; Brucejack, Canada; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 72
Total assets 4,006
Segment Activity Ratio
Segment asset turnover1 0.02

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 72 ÷ 4,006 = 0.02

Segment activity ratio Reportable segment The company
Segment asset turnover Brucejack, Canada

Segment Asset Turnover: Peñasquito, Mexico

Newmont Corp.; Peñasquito, Mexico; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 901 2,189 2,634
Total assets 4,738 6,430 6,561
Segment Activity Ratio
Segment asset turnover1 0.19 0.34 0.40

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 901 ÷ 4,738 = 0.19

Segment activity ratio Reportable segment The company
Segment asset turnover Peñasquito, Mexico Peñasquito, Mexico segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover: Merian, Suriname

Newmont Corp.; Merian, Suriname; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 625 723 780
Total assets 927 923 952
Segment Activity Ratio
Segment asset turnover1 0.67 0.78 0.82

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 625 ÷ 927 = 0.67

Segment activity ratio Reportable segment The company
Segment asset turnover Merian, Suriname Merian, Suriname segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover: Cerro Negro, Argentina

Newmont Corp.; Cerro Negro, Argentina; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 510 508 480
Total assets 1,646 1,659 2,183
Segment Activity Ratio
Segment asset turnover1 0.31 0.31 0.22

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 510 ÷ 1,646 = 0.31

Segment activity ratio Reportable segment The company
Segment asset turnover Cerro Negro, Argentina Cerro Negro, Argentina segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover: Yanacocha, Peru

Newmont Corp.; Yanacocha, Peru; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 537 451 471
Total assets 2,117 2,225 1,735
Segment Activity Ratio
Segment asset turnover1 0.25 0.20 0.27

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 537 ÷ 2,117 = 0.25

Segment activity ratio Reportable segment The company
Segment asset turnover Yanacocha, Peru Yanacocha, Peru segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Segment Asset Turnover: Boddington, Australia

Newmont Corp.; Boddington, Australia; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 1,814 1,763 1,507
Total assets 2,376 2,264 2,261
Segment Activity Ratio
Segment asset turnover1 0.76 0.78 0.67

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 1,814 ÷ 2,376 = 0.76

Segment activity ratio Reportable segment The company
Segment asset turnover Boddington, Australia Boddington, Australia segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment Asset Turnover: Tanami, Australia

Newmont Corp.; Tanami, Australia; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 867 878 879
Total assets 1,896 1,585 1,334
Segment Activity Ratio
Segment asset turnover1 0.46 0.55 0.66

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 867 ÷ 1,896 = 0.46

Segment activity ratio Reportable segment The company
Segment asset turnover Tanami, Australia Tanami, Australia segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover: Cadia, Australia

Newmont Corp.; Cadia, Australia; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 422
Total assets 6,351
Segment Activity Ratio
Segment asset turnover1 0.07

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 422 ÷ 6,351 = 0.07

Segment activity ratio Reportable segment The company
Segment asset turnover Cadia, Australia

Segment Asset Turnover: Telfer, Australia

Newmont Corp.; Telfer, Australia; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 152
Total assets 574
Segment Activity Ratio
Segment asset turnover1 0.26

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 152 ÷ 574 = 0.26

Segment activity ratio Reportable segment The company
Segment asset turnover Telfer, Australia

Segment Asset Turnover: Lihir, Papua New Guinea

Newmont Corp.; Lihir, Papua New Guinea; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 266
Total assets 3,909
Segment Activity Ratio
Segment asset turnover1 0.07

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 266 ÷ 3,909 = 0.07

Segment activity ratio Reportable segment The company
Segment asset turnover Lihir, Papua New Guinea

Segment Asset Turnover: Ahafo, Ghana

Newmont Corp.; Ahafo, Ghana; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 1,130 1,023 864
Total assets 2,823 2,619 2,425
Segment Activity Ratio
Segment asset turnover1 0.40 0.39 0.36

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 1,130 ÷ 2,823 = 0.40

Segment activity ratio Reportable segment The company
Segment asset turnover Ahafo, Ghana Ahafo, Ghana segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover: Akyem, Ghana

Newmont Corp.; Akyem, Ghana; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 574 749 680
Total assets 1,069 998 990
Segment Activity Ratio
Segment asset turnover1 0.54 0.75 0.69

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 574 ÷ 1,069 = 0.54

Segment activity ratio Reportable segment The company
Segment asset turnover Akyem, Ghana Akyem, Ghana segment asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Segment Asset Turnover: NGM, U.S.

Newmont Corp.; NGM, U.S.; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Sales 2,271 2,098 2,291
Total assets 7,401 7,419 7,584
Segment Activity Ratio
Segment asset turnover1 0.31 0.28 0.30

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 2,271 ÷ 7,401 = 0.31

Segment activity ratio Reportable segment The company
Segment asset turnover NGM, U.S. NGM, U.S. segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Segment Capital Expenditures to Depreciation

Newmont Corp., capital expenditures to depreciation by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
CC&V, U.S. 2.78 0.62 0.64
Musselwhite, Canada 1.30 0.68 0.49
Porcupine, Canada 1.42 1.46 0.75
Éléonore, Canada 1.05 0.52 0.33
Red Chris, Canada 6.25
Brucejack, Canada 1.00
Peñasquito, Mexico 0.32 0.43 0.28
Merian, Suriname 1.02 0.70 0.48
Cerro Negro, Argentina 1.18 0.89 0.79
Yanacocha, Peru 3.67 4.62 1.54
Boddington, Australia 1.15 0.47 1.43
Tanami, Australia 3.75 3.40 3.04
Cadia, Australia 2.50
Telfer, Australia 1.29
Lihir, Papua New Guinea 2.65
Ahafo, Ghana 1.71 1.60 1.49
Akyem, Ghana 0.33 0.24 0.55
NGM, U.S. 1.04 0.65 0.43

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation CC&V, U.S. CC&V, U.S. segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Musselwhite, Canada Musselwhite, Canada segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.
Porcupine, Canada Porcupine, Canada segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Éléonore, Canada Éléonore, Canada segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.
Red Chris, Canada
Brucejack, Canada
Peñasquito, Mexico Peñasquito, Mexico segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Merian, Suriname Merian, Suriname segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.
Cerro Negro, Argentina Cerro Negro, Argentina segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.
Yanacocha, Peru Yanacocha, Peru segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Boddington, Australia Boddington, Australia segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Tanami, Australia Tanami, Australia segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.
Cadia, Australia
Telfer, Australia
Lihir, Papua New Guinea
Ahafo, Ghana Ahafo, Ghana segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.
Akyem, Ghana Akyem, Ghana segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
NGM, U.S. NGM, U.S. segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation: CC&V, U.S.

Newmont Corp.; CC&V, U.S.; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 64 44 42
Depreciation and amortization 23 71 66
Segment Financial Ratio
Segment capital expenditures to depreciation1 2.78 0.62 0.64

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 64 ÷ 23 = 2.78

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation CC&V, U.S. CC&V, U.S. segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Segment Capital Expenditures to Depreciation: Musselwhite, Canada

Newmont Corp.; Musselwhite, Canada; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 104 54 39
Depreciation and amortization 80 79 80
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.30 0.68 0.49

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 104 ÷ 80 = 1.30

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Musselwhite, Canada Musselwhite, Canada segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation: Porcupine, Canada

Newmont Corp.; Porcupine, Canada; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 166 152 68
Depreciation and amortization 117 104 91
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.42 1.46 0.75

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 166 ÷ 117 = 1.42

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Porcupine, Canada Porcupine, Canada segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment Capital Expenditures to Depreciation: Éléonore, Canada

Newmont Corp.; Éléonore, Canada; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 106 60 46
Depreciation and amortization 101 115 139
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.05 0.52 0.33

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 106 ÷ 101 = 1.05

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Éléonore, Canada Éléonore, Canada segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation: Red Chris, Canada

Newmont Corp.; Red Chris, Canada; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 25
Depreciation and amortization 4
Segment Financial Ratio
Segment capital expenditures to depreciation1 6.25

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 25 ÷ 4 = 6.25

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Red Chris, Canada

Segment Capital Expenditures to Depreciation: Brucejack, Canada

Newmont Corp.; Brucejack, Canada; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 22
Depreciation and amortization 22
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.00

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 22 ÷ 22 = 1.00

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Brucejack, Canada

Segment Capital Expenditures to Depreciation: Peñasquito, Mexico

Newmont Corp.; Peñasquito, Mexico; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 113 183 144
Depreciation and amortization 351 427 521
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.32 0.43 0.28

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 113 ÷ 351 = 0.32

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Peñasquito, Mexico Peñasquito, Mexico segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Segment Capital Expenditures to Depreciation: Merian, Suriname

Newmont Corp.; Merian, Suriname; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 84 56 47
Depreciation and amortization 82 80 98
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.02 0.70 0.48

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 84 ÷ 82 = 1.02

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Merian, Suriname Merian, Suriname segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation: Cerro Negro, Argentina

Newmont Corp.; Cerro Negro, Argentina; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 162 132 108
Depreciation and amortization 137 148 137
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.18 0.89 0.79

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 162 ÷ 137 = 1.18

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Cerro Negro, Argentina Cerro Negro, Argentina segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation: Yanacocha, Peru

Newmont Corp.; Yanacocha, Peru; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 312 439 171
Depreciation and amortization 85 95 111
Segment Financial Ratio
Segment capital expenditures to depreciation1 3.67 4.62 1.54

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 312 ÷ 85 = 3.67

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Yanacocha, Peru Yanacocha, Peru segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment Capital Expenditures to Depreciation: Boddington, Australia

Newmont Corp.; Boddington, Australia; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 164 72 174
Depreciation and amortization 143 152 122
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.15 0.47 1.43

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 164 ÷ 143 = 1.15

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Boddington, Australia Boddington, Australia segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Segment Capital Expenditures to Depreciation: Tanami, Australia

Newmont Corp.; Tanami, Australia; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 413 343 304
Depreciation and amortization 110 101 100
Segment Financial Ratio
Segment capital expenditures to depreciation1 3.75 3.40 3.04

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 413 ÷ 110 = 3.75

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Tanami, Australia Tanami, Australia segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation: Cadia, Australia

Newmont Corp.; Cadia, Australia; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 75
Depreciation and amortization 30
Segment Financial Ratio
Segment capital expenditures to depreciation1 2.50

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 75 ÷ 30 = 2.50

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Cadia, Australia

Segment Capital Expenditures to Depreciation: Telfer, Australia

Newmont Corp.; Telfer, Australia; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 9
Depreciation and amortization 7
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.29

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 9 ÷ 7 = 1.29

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Telfer, Australia

Segment Capital Expenditures to Depreciation: Lihir, Papua New Guinea

Newmont Corp.; Lihir, Papua New Guinea; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 53
Depreciation and amortization 20
Segment Financial Ratio
Segment capital expenditures to depreciation1 2.65

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 53 ÷ 20 = 2.65

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Lihir, Papua New Guinea

Segment Capital Expenditures to Depreciation: Ahafo, Ghana

Newmont Corp.; Ahafo, Ghana; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 310 268 213
Depreciation and amortization 181 167 143
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.71 1.60 1.49

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 310 ÷ 181 = 1.71

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Ahafo, Ghana Ahafo, Ghana segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation: Akyem, Ghana

Newmont Corp.; Akyem, Ghana; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 40 34 66
Depreciation and amortization 122 141 120
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.33 0.24 0.55

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 40 ÷ 122 = 0.33

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Akyem, Ghana Akyem, Ghana segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Segment Capital Expenditures to Depreciation: NGM, U.S.

Newmont Corp.; NGM, U.S.; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 472 308 234
Depreciation and amortization 452 471 550
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.04 0.65 0.43

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 472 ÷ 452 = 1.04

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation NGM, U.S. NGM, U.S. segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Sales

Newmont Corp., sales by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
CC&V, U.S. 332 333 396
Musselwhite, Canada 351 305 277
Porcupine, Canada 503 504 517
Éléonore, Canada 453 391 446
Red Chris, Canada 32
Brucejack, Canada 72
Peñasquito, Mexico 901 2,189 2,634
Merian, Suriname 625 723 780
Cerro Negro, Argentina 510 508 480
Yanacocha, Peru 537 451 471
Boddington, Australia 1,814 1,763 1,507
Tanami, Australia 867 878 879
Cadia, Australia 422
Telfer, Australia 152
Lihir, Papua New Guinea 266
Ahafo, Ghana 1,130 1,023 864
Akyem, Ghana 574 749 680
NGM, U.S. 2,271 2,098 2,291
Consolidated 11,812 11,915 12,222

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Depreciation and amortization

Newmont Corp., depreciation and amortization by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
CC&V, U.S. 23 71 66
Musselwhite, Canada 80 79 80
Porcupine, Canada 117 104 91
Éléonore, Canada 101 115 139
Red Chris, Canada 4
Brucejack, Canada 22
Peñasquito, Mexico 351 427 521
Merian, Suriname 82 80 98
Cerro Negro, Argentina 137 148 137
Yanacocha, Peru 85 95 111
Boddington, Australia 143 152 122
Tanami, Australia 110 101 100
Cadia, Australia 30
Telfer, Australia 7
Lihir, Papua New Guinea 20
Ahafo, Ghana 181 167 143
Akyem, Ghana 122 141 120
NGM, U.S. 452 471 550
Corporate and Other 41 34 45
Consolidated 2,108 2,185 2,323

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Income (loss) before income and mining tax and other items

Newmont Corp., income (loss) before income and mining tax and other items by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
CC&V, U.S. 82 (527) 64
Musselwhite, Canada (254) 23 30
Porcupine, Canada 45 (329) 121
Éléonore, Canada (203) 4 60
Red Chris, Canada 8
Brucejack, Canada (26)
Peñasquito, Mexico (1,811) 403 979
Merian, Suriname 122 249 328
Cerro Negro, Argentina 15 (451) 68
Yanacocha, Peru (1,070) (612) (1,552)
Boddington, Australia 811 779 627
Tanami, Australia 407 422 466
Cadia, Australia 158
Telfer, Australia (10)
Lihir, Papua New Guinea 93
Ahafo, Ghana 369 267 269
Akyem, Ghana 151 257 284
NGM, U.S. 432 434 818
Corporate and Other (1,350) (970) (1,454)
Consolidated (2,031) (51) 1,108

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Total assets

Newmont Corp., total assets by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
CC&V, U.S. 383 286 777
Musselwhite, Canada 1,018 1,294 1,317
Porcupine, Canada 1,473 1,401 1,572
Éléonore, Canada 777 1,010 1,062
Red Chris, Canada 2,178
Brucejack, Canada 4,006
Peñasquito, Mexico 4,738 6,430 6,561
Merian, Suriname 927 923 952
Cerro Negro, Argentina 1,646 1,659 2,183
Yanacocha, Peru 2,117 2,225 1,735
Boddington, Australia 2,376 2,264 2,261
Tanami, Australia 1,896 1,585 1,334
Cadia, Australia 6,351
Telfer, Australia 574
Lihir, Papua New Guinea 3,909
Ahafo, Ghana 2,823 2,619 2,425
Akyem, Ghana 1,069 998 990
NGM, U.S. 7,401 7,419 7,584
Corporate and Other 9,844 8,369 9,811
Consolidated 55,506 38,482 40,564

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Capital expenditures

Newmont Corp., capital expenditures by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
CC&V, U.S. 64 44 42
Musselwhite, Canada 104 54 39
Porcupine, Canada 166 152 68
Éléonore, Canada 106 60 46
Red Chris, Canada 25
Brucejack, Canada 22
Peñasquito, Mexico 113 183 144
Merian, Suriname 84 56 47
Cerro Negro, Argentina 162 132 108
Yanacocha, Peru 312 439 171
Boddington, Australia 164 72 174
Tanami, Australia 413 343 304
Cadia, Australia 75
Telfer, Australia 9
Lihir, Papua New Guinea 53
Ahafo, Ghana 310 268 213
Akyem, Ghana 40 34 66
NGM, U.S. 472 308 234
Corporate and Other 51 45 37
Consolidated 2,745 2,190 1,693

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).