
	At September 30, 2026		At December 31, 2025
Current investments:

Marketable equity securities (1)	$	—	$	594


Non-current investments:
Marketable equity and other securities (2)	$	434	$	171

Equity method investments (% ownership):
Pueblo Viejo Mine (40%)	1,504		1,584
NuevaUnión Project (50%)	981		973
Norte Abierto Project (50%)	575		553
Lundin Gold (32%) (2)	572		905
	3,632		4,015
	$	4,066	$	4,186

(1)In the first quarter of 2026, the Company sold its investments in Greatland Resources Limited ("Greatland") and SolGold plc for net proceeds of $134 and $116, respectively. Refer to Note 16 for further information on Greatland.

(2)Refer below for additional information regarding Lundin Gold Inc.'s ("Lundin Gold") distribution of LunR Royalties Corp. ("LunR") in the second quarter of 2026, resulting in the recognition of a marketable equity security and a corresponding reduction in the Company's investment in Lundin Gold.

The following table provides the income (loss) from the Company's equity method investments, recognized in Equity income (loss) of affiliates:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Pueblo Viejo (40%)	$	93	$	73	$	282	$	132
Lundin Gold (32%)	60		51		200		115
Norte Abierto Project (50%) (1)	(9)		(1)		16		2
NuevaUnión Project (50%)	(1)		—		(2)		1
	$	143	$	123	$	496	$	250

(1)For the nine months ended September 30, 2026, includes the Company's proportionate share of a gain recognized by the Norte Abierto joint venture on the sale of one of its properties to a third party during the second quarter of 2026. The transaction resulted in the removal of all mineral resources associated with the sold property, which represented approximately 7%, 6%, and 3% of gold, copper, and silver resources, respectively, as disclosed in Part I, Item 2, of the Company's Annual Report on Form 10-K for the year ended December 31, 2025. There was no impact to the Company's reported reserves related to the sold property.

As of September 30, 2026 and December 31, 2025, the Company had outstanding stockholder loans to Pueblo Viejo of $483 and $518, respectively, which includes accrued interest of $5 and $60, respectively, included in the Pueblo Viejo equity method investment.

The Company purchases its portion (40%) of gold and silver produced from Pueblo Viejo at market price and resells those ounces to third parties. Total payments made to Pueblo Viejo for gold and silver purchased were $286 and $898 for the three and nine months ended September 30, 2026, respectively. Total payments made to Pueblo Viejo for gold and silver purchased were $259 and $626 for the three and nine months ended September 30, 2025, respectively. These purchases, net of subsequent sales, are included in Other income (loss), net and the net amounts are immaterial. There were no amounts due to or from Pueblo Viejo for gold and silver purchases as of September 30, 2026 or December 31, 2025.

Lundin Gold is accounted for on a quarterly lag. At September 30, 2026, the calculated fair value, based on quoted closing prices of publicly traded shares, of the Company's investment in Lundin Gold was $4,726.

In the second quarter of 2026, Lundin Gold entered into a silver stream-for-equity transaction with LunR, pursuant to which Lundin Gold received common shares of LunR. These shares were subsequently distributed to Lundin Gold’s shareholders. As a result, Newmont received its pro rata distribution, representing an approximate 13% ownership interest in LunR, with a fair value of $268, which was recognized as a marketable equity security. The receipt of LunR shares was accounted for as a dividend in kind from Lundin Gold, resulting in a reduction of the carrying value of the Company’s investment in Lundin Gold equal to the fair value of the shares received.