The Company completed the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024, the sale of the CC&V, Musselwhite, and Éléonore reportable segments in the first quarter of 2025, and the sale of the Akyem and Porcupine reportable segments in the second quarter 2025 as part of its portfolio optimization program. The Coffee development project remains designated as held for sale at June 30, 2025. Refer to Note 1 for further information.

Gains or losses recognized on the completion of the sales are recognized in (Gain) loss on sale of assets held for sale. All sales agreements include transitional services support to be provided by the Company up to a one-year period following close. Gains recognized on the completed sales during the six months ended June 30, 2025 are summarized in the table below; value of consideration received and indemnifications provided represent the value at the time of close.


	CC&V (1)		Musselwhite (2)		Porcupine (3)		Éléonore (4)		Akyem (5)		Total
Cash received, net of working capital adjustments (6)	$	109	$	799	$	201	$	784	$	888	$	2,781
Deferred consideration received	154		14		107		—		84		359
Equity consideration	—		—		233		—		—		233
Value of consideration received	263		813		541		784		972		3,373

Less: Carrying value of net assets divested	(196)		(794)		(513)		(612)		(270)		(2,385)
Less: Indemnification provided	(65)		—		—		—		(19)		(84)

Gain on completed sales (7)(8)	$	2	$	19	$	28	$	172	$	683	$	904

(1)Sale of the CC&V reportable segment to SSR Mining Inc. ("SSR") closed on February 28, 2025. The deferred consideration consists of $175 payable in two installments of $87.5 upon certain regulatory approvals. The deferred payments meet the definition of a derivative asset and are included as contingent consideration in Derivative assets. The indemnification consists of a guarantee in which the Company will indemnify SSR for 90% of certain closure costs over $500 related to the Company’s historical mining activities with no limitation to the maximum potential future payments. The Company has an opportunity to fully settle the indemnification at certain milestones through a one-time lump sum payment. The indemnification is included in Other non-current liabilities.

(2)Sale of the Musselwhite reportable segment to Orla Mining Ltd closed on February 28, 2025. The deferred consideration consists of $40 payable in two installments of $20 on the first and second year anniversary of the close date, dependent on the average spot gold price over the respective period. The deferred payments meet the definition of a derivative asset and are included as contingent consideration in Other current assets and Derivative assets, respectively.

(3)Sale of the Porcupine reportable segment to Discovery Silver Corp. ("Discovery") closed on April 15, 2025. The deferred consideration consists of $150 to be paid in four equal annual installments beginning December 31, 2027. The deferred consideration is classified as a note receivable and is included in Other non-current assets. Equity consideration consists of $233 of Discovery shares, which are accounted for as marketable equity securities and are included in current Investments.

(5)Sale of the Akyem reportable segment to Zijin Mining Group Co., Ltd ("Zijin") closed on April 15, 2025. The deferred consideration consists of $100 payable at the earlier of lease ratification or the fifth year anniversary of the close date. The deferred consideration meets the definition of a derivative asset and is included as contingent consideration in Derivative assets. The indemnification consists of a guarantee in which the Company will indemnify Zijin for losses from non-ratification of the lease by the Ghanaian Parliament, government actions stopping operations, or required renegotiations to secure ratification, with a cap of $200 and a 5-year claim period. The indemnification is included in Other non-current liabilities.

(6)Certain working capital adjustments are to be finalized over a defined period from the close of sale. Any resulting revisions will be settled in cash, with an offsetting impact recognized in (Gain) loss on sale of assets held for sale. Adjustments are not expected to be material.

(8)A total net loss of $15 was recognized on the CC&V divestment since designation as held for sale in the first quarter of 2024, including a gain of $2 which was recognized for the six months ended June 30, 2025. For Porcupine, a total net loss of $358 was recognized since designation as held for sale in the first quarter of 2024, including a $76 loss reversal and $28 gain recognized in the first and second quarter of 2025, respectively, resulting in a total gain of $104 recognized for the six months ended June 30, 2025. The total net losses on CC&V and Porcupine include prior period write-downs; no prior period write-downs were incurred on Musselwhite, Éléonore, or Akyem.

At June 30, 2025, assets held for sale consisted of the Coffee development project. At December 31, 2024, assets held for sale consisted of CC&V, Musselwhite, Porcupine, Éléonore, Akyem, and the Coffee development project.

The estimated fair values of assets held for sale are considered a non-recurring level 2 or 3 fair value measurements and were determined using (i) the market approach for disposal groups in which a binding sales agreement was in place but close had not yet occurred, or (ii) the income approach in the absence of a binding sales agreement. For fair values estimated using the income approach, the significant inputs at June 30, 2025 and December 31, 2024 included (i) cash flow information available to the Company, (ii) a long-term gold price of $2,100 and $1,900, respectively, (iii) current estimates of resources and exploration potential, and (iv) a reporting unit specific discount rate of 13.00% and 9.75%, respectively. Additional losses may be incurred as fair value estimates change.


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
(Gain) on completed sales	$	(711)	$	—	$	(904)	$	—
(Reversal of write-downs) write-downs on assets classified as held for sale	—		157		(76)		509
Tax impact (1)	—		89		(17)		222
Other (2)	12		—		22		—
	$	(699)	$	246	$	(975)	$	731

(1)In 2024, a tax impact on write-downs of assets held for sale resulted in the establishment of a deferred tax asset, which increased the respective carrying values of the related disposal groups and resulted in an additional loss. In 2025, a tax impact on the reversal of prior write-downs of assets held for sale resulted in the reduction to the deferred tax asset, which decreased the respective carrying values of the related disposal group and resulted in an additional gain.

(2)Primarily consists of the impact of finalization of certain working capital adjustments on completed sales and certain costs incurred under the transitional services support agreements.

The following table presents the carrying value of the major classes of assets and liabilities held for sale for the Coffee development project as of June 30, 2025. The carrying value is presented prior to the recognition of the cumulative write-down of $220, excluding tax impacts, resulting in an aggregate net book value of assets held for sale of $97.


	Coffee Project (1)
Assets held for sale:
Property, plant and mine development, net	$	321
Other assets	1
Carrying value of assets held for sale	$	322

Liabilities held for sale:
Reclamation and remediation liabilities	$	3
Other liabilities	2
Carrying value of liabilities held for sale	$	5

The following table presents the carrying value of the major classes of assets and liabilities held for sale by disposal group as of December 31, 2024. The carrying values are presented prior to recognition of the write-down of $699, excluding tax impacts, resulting in an aggregate net book value of the assets held for sale of $2,432.


	CC&V (1)		Musselwhite (1)		Porcupine (1)		Éléonore (1)		Akyem (1)		Coffee Project (2)		Total
Assets held for sale:
Property, plant and mine development, net	$	170	$	1,063	$	1,541	$	785	$	559	$	321	$	4,439
Other assets	408		39		93		70		258		1		869
Carrying value of assets held for sale	$	578	$	1,102	$	1,634	$	855	$	817	$	322	$	5,308

Liabilities held for sale:
Reclamation and remediation liabilities	$	334	$	82	$	563	$	87	$	427	$	3	$	1,496
Other liabilities	37		257		223		71		91		2		681
Carrying value of liabilities held for sale	$	371	$	339	$	786	$	158	$	518	$	5	$	2,177