SALES |
SALES The following tables present the Company’s Sales by mining operation, product, and inventory type:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Three Months Ended June 30, 2024 | | Gold Sales from Doré Production | | Sales from Concentrate and Other Production | | Total Sales | | Gold Sales from Doré Production | | Sales from Concentrate and Other Production | | Total Sales | Ahafo | $ | 657 | | | $ | — | | | $ | 657 | | | $ | 422 | | | $ | — | | | $ | 422 | | Brucejack | 102 | | | 59 | | | 161 | | | 81 | | | 25 | | | 106 | | Red Chris: | | | | | | | | | | | | Gold | — | | | 50 | | | 50 | | | — | | | 19 | | | 19 | | Copper | — | | | 67 | | | 67 | | | — | | | 63 | | | 63 | | Total Red Chris | — | | | 117 | | | 117 | | | — | | | 82 | | | 82 | | Peñasquito: | | | | | | | | | | | | Gold | — | | | 440 | | | 440 | | | — | | | 149 | | | 149 | | Silver (1) | — | | | 191 | | | 191 | | | — | | | 209 | | | 209 | | Lead | — | | | 43 | | | 43 | | | — | | | 44 | | | 44 | | Zinc | — | | | 141 | | | 141 | | | — | | | 149 | | | 149 | | Total Peñasquito | — | | | 815 | | | 815 | | | — | | | 551 | | | 551 | | Merian | 219 | | | 4 | | | 223 | | | 136 | | | 6 | | | 142 | | Cerro Negro | 112 | | | — | | | 112 | | | 65 | | | — | | | 65 | | Yanacocha | 438 | | | 8 | | | 446 | | | 178 | | | 3 | | | 181 | | Boddington: | | | | | | | | | | | | Gold | 123 | | | 353 | | | 476 | | | 91 | | | 229 | | | 320 | | Copper | — | | | 67 | | | 67 | | | — | | | 86 | | | 86 | | Total Boddington | 123 | | | 420 | | | 543 | | | 91 | | | 315 | | | 406 | | Tanami | 297 | | | — | | | 297 | | | 231 | | | — | | | 231 | | Cadia: | | | | | | | | | | | | Gold | 34 | | | 336 | | | 370 | | | 32 | | | 265 | | | 297 | | Copper | — | | | 226 | | | 226 | | | — | | | 221 | | | 221 | | Total Cadia | 34 | | | 562 | | | 596 | | | 32 | | | 486 | | | 518 | | Lihir | 517 | | | — | | | 517 | | | 345 | | | — | | | 345 | | NGM (2) | 743 | | | 40 | | | 783 | | | 561 | | | 29 | | | 590 | | Divested (3) | | | | | | | | | | | | CC&V | — | | | — | | | — | | | 78 | | | — | | | 78 | | Musselwhite | — | | | — | | | — | | | 132 | | | — | | | 132 | | Porcupine | 32 | | | — | | | 32 | | | 206 | | | — | | | 206 | | Éléonore | — | | | — | | | — | | | 147 | | | — | | | 147 | | Telfer: | | | | | | | | | | | | Gold | — | | | — | | | — | | | 17 | | | 65 | | | 82 | | Copper | — | | | — | | | — | | | — | | | 7 | | | 7 | | Total Telfer | — | | | — | | | — | | | 17 | | | 72 | | | 89 | | Akyem | 18 | | | — | | | 18 | | | 111 | | | — | | | 111 | | Consolidated | $ | 3,292 | | | $ | 2,025 | | | $ | 5,317 | | | $ | 2,833 | | | $ | 1,569 | | | $ | 4,402 | |
____________________________ (1)Silver sales from concentrate includes $20 and $23 related to non-cash amortization of the silver streaming agreement liability for the three months ended June 30, 2025 and 2024, respectively. (2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $743 and $559 for the three months ended June 30, 2025 and 2024, respectively. (3)The Company completed the sale of Telfer in the fourth quarter of 2024, CC&V, Musselwhite, and Éléonore in the first quarter of 2025, and Akyem and Porcupine in the second quarter of 2025. Refer to Note 3 for information on the Company's divestitures. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Six Months Ended June 30, 2024 | | Gold Sales from Doré Production | | Sales from Concentrate and Other Production | | Total Sales | | Gold Sales from Doré Production | | Sales from Concentrate and Other Production | | Total Sales | Ahafo | $ | 1,231 | | | $ | — | | | $ | 1,231 | | | $ | 803 | | | $ | — | | | $ | 803 | | Brucejack | 189 | | | 105 | | | 294 | | | 130 | | | 48 | | | 178 | | Red Chris: | | | | | | | | | | | | Gold | — | | | 95 | | | 95 | | | — | | | 35 | | | 35 | | Copper | — | | | 136 | | | 136 | | | — | | | 109 | | | 109 | | Total Red Chris | — | | | 231 | | | 231 | | | — | | | 144 | | | 144 | | Peñasquito: | | | | | | | | | | | | Gold | — | | | 806 | | | 806 | | | — | | | 241 | | | 241 | | Silver (1) | — | | | 379 | | | 379 | | | — | | | 410 | | | 410 | | Lead | — | | | 85 | | | 85 | | | — | | | 104 | | | 104 | | Zinc | — | | | 322 | | | 322 | | | — | | | 273 | | | 273 | | Total Peñasquito | — | | | 1,592 | | | 1,592 | | | — | | | 1,028 | | | 1,028 | | Merian | 356 | | | 8 | | | 364 | | | 284 | | | 13 | | | 297 | | Cerro Negro | 220 | | | — | | | 220 | | | 218 | | | — | | | 218 | | Yanacocha | 708 | | | 17 | | | 725 | | | 364 | | | 3 | | | 367 | | Boddington: | | | | | | | | | | | | Gold | 217 | | | 673 | | | 890 | | | 165 | | | 454 | | | 619 | | Copper | — | | | 141 | | | 141 | | | — | | | 163 | | | 163 | | Total Boddington | 217 | | | 814 | | | 1,031 | | | 165 | | | 617 | | | 782 | | Tanami | 507 | | | — | | | 507 | | | 419 | | | — | | | 419 | | Cadia: | | | | | | | | | | | | Gold | 64 | | | 622 | | | 686 | | | 65 | | | 480 | | | 545 | | Copper | — | | | 437 | | | 437 | | | — | | | 388 | | | 388 | | Total Cadia | 64 | | | 1,059 | | | 1,123 | | | 65 | | | 868 | | | 933 | | Lihir | 972 | | | — | | | 972 | | | 722 | | | — | | | 722 | | NGM (2) | 1,330 | | | 79 | | | 1,409 | | | 1,090 | | | 59 | | | 1,149 | | Divested (3) | | | | | | | | | | | | CC&V | 88 | | | — | | | 88 | | | 137 | | | — | | | 137 | | Musselwhite | 94 | | | — | | | 94 | | | 233 | | | — | | | 233 | | Porcupine | 177 | | | — | | | 177 | | | 331 | | | — | | | 331 | | Éléonore | 138 | | | — | | | 138 | | | 263 | | | — | | | 263 | | Telfer: | | | | | | | | | | | | Gold | — | | | — | | | — | | | 24 | | | 117 | | | 141 | | Copper | — | | | — | | | — | | | — | | | 14 | | | 14 | | Total Telfer | — | | | — | | | — | | | 24 | | | 131 | | | 155 | | Akyem | 131 | | | — | | | 131 | | | 266 | | | — | | | 266 | | Consolidated | $ | 6,422 | | | $ | 3,905 | | | $ | 10,327 | | | $ | 5,514 | | | $ | 2,911 | | | $ | 8,425 | |
____________________________ (1)Silver sales from concentrate includes $39 and $50 related to non-cash amortization of the silver streaming agreement liability for the six months ended June 30, 2025 and 2024, respectively. (2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $1,332 and $1,088 for the six months ended June 30, 2025 and 2024, respectively. (3)The Company completed the sale of Telfer in the fourth quarter of 2024, CC&V, Musselwhite, and Éléonore in the first quarter of 2025, and Akyem and Porcupine in the second quarter of 2025. Refer to Note 3 for information on the Company's divestitures. Trade Receivables and Provisional Sales At June 30, 2025 and December 31, 2024, Trade receivables consisted primarily of sales from provisionally priced concentrate and other production. The impact to Sales from changes in pricing on provisional sales is an increase of $42 and $91 for the three months ended June 30, 2025 and 2024, respectively, and $181 and $131 for the six months ended June 30, 2025 and 2024, respectively. At June 30, 2025, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months: | | | | | | | | | | | | | Provisionally Priced Sales Subject to Final Pricing (1) | | Average Provisional Price (per ounce/pound) | Gold (ounces, in thousands) | 152 | | | $ | 3,299 | | Copper (pounds, in millions) | 73 | | | $ | 4.48 | | Silver (ounces, in millions) | 3 | | | $ | 35.85 | | Lead (pounds, in millions) | 30 | | | $ | 0.92 | | Zinc (pounds, in millions) | 84 | | | $ | 1.25 | | ____________________________(1)Includes provisionally priced by-product sales subject to final pricing, which are recognized as a reduction to Costs applicable to sales.
|