v3.25.2
INCOME AND MINING TAXES
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME AND MINING TAXES INCOME AND MINING TAXES
A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate follows:
Three Months Ended June 30, (1)
Six Months Ended June 30, (1)
2025202420252024
Income (loss) before income and mining tax and other items$3,118 $1,036 $5,589 $1,464 
U.S. Federal statutory tax rate21 %655 21 %218 21 %1,174 21 %307 
Reconciling items:
Change in valuation allowance on deferred tax assets5 146 2 20 (1)(51)

(3)(45)
Foreign rate differential6 187 8 84 7 367 10 147 
Mining and other taxes (net of associated federal benefit)2 71 5 52 2 134 6 95 
Uncertain tax position reserve adjustment— 8 (5)(50)— (6)(4)(52)
Tax impact of foreign exchange 1 11 (9)(88)— 3 (4)(58)
Akyem recognition of DTL for assets held for sale— (2)(3)(36)— — 6 81 
Tax impact of divestitures (2)
1 39 — — 2 122 — — 
Other(1)(23)(1)(9)— (4)(1)(24)
Income and mining tax expense (benefit)
35 %$1,092 18 %$191 31 %$1,739 31 %$451 
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(1)Tax rates may not recalculate due to rounding.
(2)Refer to Note 3 for information on the Company's divestitures.