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,
	2026		2025		2026		2025
Reclamation adjustments and other	$	2	$	1	$	3	$	2
Reclamation accretion	74		76		146		163
Reclamation expense	76		77		149		165

Remediation adjustments and other	4		4		7		7
Remediation accretion	1		2		3		4
Remediation expense	5		6		10		11
Reclamation and remediation	$	81	$	83	$	159	$	176


	Reclamation				Remediation
	2026		2025		2026		2025
Balance at January 1,	$	6,800	$	7,015	$	390	$	370
Additions, changes in estimates, and other	(2)		2		—		—
Divestitures (1)	—		(13)		—		—
Payments, net	(431)		(249)		(27)		(31)
Accretion expense	146		163		3		4

Balance at June 30,	$	6,513	$	6,918	$	366	$	343


	At June 30, 2026						At December 31, 2025
	Reclamation		Remediation		Total		Reclamation		Remediation		Total
Current (1)	$	631	$	64	$	695	$	829	$	64	$	893
Non-current (2)	5,882		302		6,184		5,971		326		6,297
Total (3)	$	6,513	$	366	$	6,879	$	6,800	$	390	$	7,190

____________________________

(1)The current portion of reclamation and remediation liabilities are included in Other current liabilities; refer to Note 16 for further information.

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 Other non-current assets at June 30, 2026 and December 31, 2025 is $33 and $33, respectively, of non-current restricted cash held for purposes of settling reclamation and remediation obligations primarily related to Ahafo South and San Jose Reservoir at Yanacocha.

Included in Other non-current assets at June 30, 2026 and December 31, 2025 are $14 and $13, respectively, of non-current restricted investments, which are legally pledged for purposes of settling reclamation and remediation obligations primarily related to San Jose Reservoir at Yanacocha.