Schedules of segment information |
Consolidated Statement of Income Information
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Cost of Sales |
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For the three months ended June 30, 2025 |
Revenue |
Site operating costs, royalties and community relations |
Depreciation |
Exploration, evaluation and project expenses |
Other expenses (income)1 |
Segment income (loss) |
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Carlin2 |
$898 |
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$361 |
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$68 |
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$4 |
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$1 |
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$464 |
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Cortez2 |
579 |
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232 |
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62 |
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1 |
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2 |
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282 |
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Turquoise Ridge2 |
410 |
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172 |
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44 |
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— |
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(5) |
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199 |
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Pueblo Viejo2 |
517 |
|
190 |
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77 |
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— |
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3 |
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247 |
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Loulo-Gounkoto2 |
— |
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— |
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8 |
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— |
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63 |
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(71) |
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Kibali |
226 |
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76 |
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32 |
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— |
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29 |
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89 |
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Lumwana |
340 |
|
125 |
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69 |
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— |
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2 |
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144 |
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North Mara2 |
201 |
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65 |
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19 |
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— |
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11 |
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106 |
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Bulyanhulu2 |
133 |
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50 |
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14 |
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— |
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2 |
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67 |
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Other Mines2 |
610 |
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242 |
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65 |
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1 |
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9 |
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293 |
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Reportable segment total |
$3,914 |
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$1,513 |
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$458 |
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$6 |
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$117 |
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$1,820 |
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Share of equity investees |
(226) |
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(76) |
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(32) |
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— |
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(29) |
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(89) |
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Segment total |
$3,688 |
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$1,437 |
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$426 |
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$6 |
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$88 |
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$1,731 |
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Consolidated Statement of Income Information
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Cost of Sales |
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For the three months ended June 30, 2024 |
Revenue |
Site operating costs, royalties and community relations |
Depreciation |
Exploration, evaluation and project expenses |
Other expenses (income)1 |
Segment income (loss) |
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Carlin2 |
$770 |
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$381 |
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$80 |
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$3 |
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$4 |
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$302 |
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Cortez2 |
385 |
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167 |
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57 |
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3 |
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1 |
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157 |
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Turquoise Ridge2 |
268 |
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143 |
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42 |
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2 |
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— |
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81 |
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Pueblo Viejo2 |
314 |
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150 |
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63 |
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1 |
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2 |
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98 |
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Loulo-Gounkoto2 |
404 |
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136 |
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62 |
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— |
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10 |
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196 |
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Kibali |
189 |
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71 |
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36 |
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— |
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(2) |
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84 |
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Lumwana |
219 |
|
102 |
|
70 |
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— |
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10 |
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37 |
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North Mara2 |
140 |
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76 |
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18 |
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— |
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3 |
|
43 |
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Bulyanhulu2 |
129 |
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58 |
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16 |
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— |
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2 |
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53 |
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Other Mines2 |
530 |
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287 |
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65 |
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3 |
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6 |
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169 |
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Reportable segment total |
$3,348 |
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$1,571 |
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$509 |
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$12 |
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$36 |
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$1,220 |
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Share of equity investees |
(189) |
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(71) |
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(36) |
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— |
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2 |
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(84) |
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Segment total |
$3,159 |
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$1,500 |
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$473 |
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$12 |
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$38 |
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$1,136 |
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| Consolidated Statement of Income Information
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Cost of Sales |
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For the six months ended June 30, 2025 |
Revenue |
Site operating costs, royalties and community relations |
Depreciation |
Exploration, evaluation and project expenses |
Other expenses (income)1 |
Segment income (loss) |
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Carlin2 |
$1,576 |
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$700 |
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$130 |
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$5 |
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$4 |
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$737 |
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Cortez2 |
1,035 |
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416 |
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119 |
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3 |
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4 |
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493 |
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Turquoise Ridge2 |
774 |
|
328 |
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91 |
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— |
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(4) |
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359 |
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Pueblo Viejo2 |
894 |
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352 |
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152 |
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1 |
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6 |
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383 |
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Loulo-Gounkoto2 |
— |
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— |
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14 |
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1 |
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142 |
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(157) |
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Kibali |
418 |
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157 |
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64 |
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— |
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36 |
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161 |
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Lumwana |
645 |
|
273 |
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129 |
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— |
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4 |
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239 |
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North Mara2 |
436 |
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146 |
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40 |
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— |
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14 |
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236 |
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Bulyanhulu2 |
279 |
|
111 |
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30 |
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— |
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4 |
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134 |
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Other Mines2 |
1,193 |
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479 |
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123 |
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3 |
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12 |
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576 |
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Reportable segment total |
$7,250 |
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$2,962 |
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$892 |
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$13 |
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$222 |
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$3,161 |
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Share of equity investees |
(418) |
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(157) |
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(64) |
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— |
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(36) |
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(161) |
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Segment total |
$6,832 |
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$2,805 |
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$828 |
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$13 |
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$186 |
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$3,000 |
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Consolidated Statement of Income Information
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Cost of Sales |
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For the six months ended June 30, 2024 |
Revenue |
Site operating costs, royalties and community relations |
Depreciation |
Exploration, evaluation and project expenses |
Other expenses (income)1 |
Segment income (loss) |
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Carlin2 |
$1,482 |
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$766 |
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$163 |
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$6 |
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$6 |
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$541 |
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Cortez2 |
798 |
|
353 |
|
132 |
|
4 |
|
3 |
|
306 |
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Turquoise Ridge2 |
479 |
|
280 |
|
79 |
|
3 |
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— |
|
117 |
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Pueblo Viejo2 |
604 |
|
298 |
|
125 |
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2 |
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4 |
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175 |
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Loulo-Gounkoto2 |
765 |
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275 |
|
129 |
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— |
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22 |
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339 |
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Kibali |
341 |
|
129 |
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64 |
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— |
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— |
|
148 |
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Lumwana |
382 |
|
210 |
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130 |
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— |
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12 |
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30 |
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North Mara2 |
254 |
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150 |
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36 |
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— |
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8 |
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60 |
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Bulyanhulu2 |
235 |
|
114 |
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31 |
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— |
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3 |
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87 |
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Other Mines2 |
912 |
|
511 |
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112 |
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6 |
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11 |
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272 |
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Reportable segment total |
$6,252 |
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$3,086 |
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$1,001 |
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$21 |
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$69 |
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$2,075 |
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Share of equity investees |
(341) |
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(129) |
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(64) |
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— |
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— |
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(148) |
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Segment total |
$5,911 |
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$2,957 |
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$937 |
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$21 |
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$69 |
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$1,927 |
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| 1Includes accretion expense, which is included within finance costs in the consolidated statement of income. For Q2 2025, accretion expense was $12 million (Q2 2024: $14 million) and for YTD 2025, accretion expense was $26 million (YTD 2024: $27 million). 2Includes non-controlling interest portion of revenues, cost of sales and segment income for Q2 2025 for Nevada Gold Mines $795 million, $398 million, $396 million (Q2 2024: $603 million, $369 million, $228 million), Pueblo Viejo $210 million, $108 million, $102 million (Q2 2024: $127 million, $84 million, $42 million), Loulo-Gounkoto $nil, $2 million, $(12) million (Q2 2024: $81 million, $40 million, $40 million), North Mara and Bulyanhulu $53 million, $23 million, $30 million (Q2 2024: $43 million, $27 million, $16 million), and Tongon $10 million, $8 million, $3 million (Q2 2024: $13 million, $10 million, $2 million) and for YTD 2025 for Nevada Gold Mines $1,439 million, $753 million, $680 million (YTD 2024: $1,175 million, $750 million, $414 million), Pueblo Viejo $359 million, $203 million, $156 million (YTD 2024: $245 million, $168 million, $76 million), Loulo-Gounkoto $nil, $3 million, $(29) million (YTD 2024: $153 million, $81 million, $69 million), North Mara and Bulyanhulu $114 million, $52 million, $61 million (YTD 2024: $78 million, $53 million, $24 million) and Tongon $20 million, $15 million, $5 million (YTD 2024: $21 million, $18 million, $3 million), respectively. Reconciliation of Segment Income to Income Before Income Taxes
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For the three months ended June 30 |
For the six months ended June 30 |
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2025 |
2024 |
2025 |
2024 |
Segment income |
$1,731 |
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$1,136 |
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$3,000 |
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$1,927 |
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Other revenue |
(7) |
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3 |
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(21) |
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(2) |
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Other cost of sales/amortization |
(15) |
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(6) |
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(30) |
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(21) |
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Exploration, evaluation and project expenses not attributable to segments |
(76) |
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(85) |
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(123) |
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(171) |
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General and administrative expenses |
(39) |
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(32) |
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(81) |
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(60) |
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Other expense not attributable to segments |
(276) |
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(56) |
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(362) |
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(55) |
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Impairment charges |
— |
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(1) |
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(4) |
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(18) |
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Gain (loss) on currency translation |
2 |
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(5) |
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— |
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(17) |
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Closed mine rehabilitation |
8 |
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9 |
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(11) |
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11 |
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Income from equity investees |
77 |
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115 |
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144 |
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163 |
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Finance costs, net (includes non-segment accretion) |
(46) |
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(37) |
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(94) |
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(55) |
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Loss on non-hedge derivatives |
(1) |
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— |
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(1) |
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— |
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Income before income taxes |
$1,358 |
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$1,041 |
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$2,417 |
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$1,702 |
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Capital Expenditures Information |
Segment capital expenditures1 |
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For the three months ended June 30 |
For the six months ended June 30 |
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2025 |
2024 |
2025 |
2024 |
Carlin |
$156 |
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$226 |
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$360 |
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$429 |
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Cortez |
119 |
|
99 |
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219 |
|
193 |
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Turquoise Ridge |
27 |
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26 |
|
48 |
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56 |
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Pueblo Viejo |
84 |
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93 |
|
171 |
|
150 |
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Loulo-Gounkoto |
5 |
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100 |
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23 |
|
174 |
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Kibali |
33 |
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36 |
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67 |
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61 |
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Lumwana |
183 |
|
114 |
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253 |
|
193 |
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North Mara |
53 |
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27 |
|
93 |
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71 |
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Bulyanhulu |
36 |
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30 |
|
74 |
|
61 |
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Other Mines |
71 |
|
64 |
|
142 |
|
114 |
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Reportable segment total |
$767 |
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$815 |
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$1,450 |
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$1,502 |
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Other items not allocated to segments |
244 |
|
46 |
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368 |
|
78 |
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Total |
$1,011 |
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$861 |
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$1,818 |
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$1,580 |
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Share of equity investees |
(33) |
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(36) |
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(67) |
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(61) |
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Total |
$978 |
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$825 |
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$1,751 |
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$1,519 |
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| 1Segment capital expenditures are presented for internal management reporting purposes on an accrual basis. Capital expenditures in the Consolidated Statements of Cash Flow are presented on a cash basis. For Q2 2025, cash expenditures were $934 million (Q2 2024: $819 million) and the increase in accrued expenditures was $44 million (2024: $6 million increase). For YTD 2025, cash expenditures were $1,771 million (2024: $1,547 million) and the decrease in accrued expenditures was $20 million (YTD 2024: $28 million decrease).
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