The Company’s mining and exploration activities are subject to various domestic and international laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. The Company conducts its operations to protect public health and the environment and believes its operations are in compliance with applicable laws and regulations in all material respects. The Company has made, and expects to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures. Estimated future reclamation and remediation costs are based principally on current legal and regulatory requirements.


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Reclamation adjustments and other	$	1	$	1	$	2	$	4
Reclamation accretion	76		87		163		172
Reclamation expense	77		88		165		176

Remediation adjustments and other	4		5		7		13
Remediation accretion	2		1		4		3
Remediation expense	6		6		11		16
Reclamation and remediation	$	83	$	94	$	176	$	192


	Reclamation				Remediation
	2025		2024		2025		2024
Balance at January 1,	$	7,015	$	8,385	$	370	$	401
Additions, changes in estimates, and other	2		—		—		5
Divestitures (1)	(13)		—		—		—
Payments, net	(249)		(136)		(31)		(30)
Accretion expense	163		172		4		3
Reclassification to Liabilities held for sale (1)	—		(1,582)		—		(20)
Balance at June 30,	$	6,918	$	6,839	$	343	$	359

____________________________

(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for assets held for sale. As a result, the related assets and liabilities, including reclamation and remediation liabilities, were reclassified to Assets held for sale and Liabilities held for sale, respectively. The Company completed the sale of 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.


	At June 30, 2025						At December 31, 2024
	Reclamation		Remediation		Total		Reclamation		Remediation		Total
Current (1)	$	980	$	65	$	1,045	$	928	$	63	$	991
Non-current (2)	5,938		278		6,216		6,087		307		6,394
Total (3)	$	6,918	$	343	$	7,261	$	7,015	$	370	$	7,385

The Company is also involved in several matters concerning environmental remediation obligations associated with former, primarily historic, mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. The amounts accrued are reviewed periodically based upon facts and circumstances available at the time. Changes in estimates are recorded in Other current liabilities and Reclamation and remediation liabilities in the period estimates are revised.

Included in Assets held for sale at June 30, 2025 and December 31, 2024 are $— and $93, respectively, of restricted cash held for purposes of settling reclamation and remediation obligations. The amounts at December 31, 2024 relate to Akyem.

Included in Other non-current assets at June 30, 2025 and December 31, 2024 are $30 and $29, respectively, of non-current restricted cash held for purposes of settling reclamation and remediation obligations. The amounts at June 30, 2025 and December 31, 2024 primarily relate to Ahafo and San Jose Reservoir at Yanacocha.

Included in Other non-current assets at June 30, 2025 and December 31, 2024 are $14 and $15, respectively, of non-current restricted investments, which are legally pledged for purposes of settling reclamation and remediation obligations. The amounts at June 30, 2025 and December 31, 2024 primarily relate to San Jose Reservoir at Yanacocha.