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December 2021
December 2021
Cover - USD ($) | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2020 | Feb. 11, 2021 | Jun. 30, 2020 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2020 | ||
Current Fiscal Year End Date | --12-31 | ||
Document Transition Report | false | ||
Entity File Number | 001-31240 | ||
Entity Registrant Name | NEWMONT CORPORATION | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 84-1611629 | ||
Entity Address, Address Line One | 6900 E Layton Ave | ||
Entity Address, City or Town | Denver | ||
Entity Address, State or Province | CO | ||
Entity Address, Postal Zip Code | 80237 | ||
City Area Code | (303) | ||
Local Phone Number | 863-7414 | ||
Title of 12(b) Security | Common stock, par value $1.60 per share | ||
Trading Symbol | NEM | ||
Security Exchange Name | NYSE | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
ICFR Auditor Attestation Flag | true | ||
Entity Public Float | $ 49,521,911,826 | ||
Entity Common Stock, Shares Outstanding | 800,314,223 | ||
Documents Incorporated by Reference | Portions of Registrant’s definitive Proxy Statement submitted to the Registrant’s stockholders in connection with our 2021 Annual Stockholders Meeting to be held on April 28, 2021 are incorporated by reference into Part III of this report. | ||
Entity Central Index Key | 0001164727 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2020 | ||
Document Fiscal Period Focus | FY |
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Newmont Mining Corp.
Newmont Mining Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:
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Depending on the duration and extent of the impact of the COVID-19 pandemic, additional sites could be placed into care and maintenance; transportation industry disruptions could occur, including limitations on shipping produced metals; refineries or smelters could be temporarily closed; our supply chain could be disrupted; or we could incur credit related losses of certain financial assets, which could materially impact the Company's results of operations, cash flows and financial condition.
Significant negative industry or economic trends, adverse social or political developments, declines in our market capitalization, geo-technical difficulties, reduced estimates of future cash flows from our reporting segments or other disruptions to our business are a few examples of events that we monitor, as they could indicate that the carrying value of the Company's long-lived assets, including development projects, may not be recoverable.
Events that could result in additional impairment of our long-lived assets include, but are not limited to, decreases in future metal prices, unfavorable changes in foreign exchange rates, increases in future closure costs, and any event that might otherwise have a material adverse effect on mine site cash flows.
Consistent with that strategy, we aim to self-fund development projects and make strategic partnerships focused on profitable growth, while reducing our debt and returning cash to stockholders through dividends and share repurchases.
(8)Includes mining taxes net of associated federal benefit of $3 and $12, valuation allowance of $81 and $23, uncertain tax position reserve adjustment of $1 and $-, and tax impacts from the exposure to fluctuations in foreign currency of $22 and $-, and expense related to prior year tax disputes of $22 and $-,respectively.
Although Adjusted EBITDA and similar...Read more
(7)The Emigrant leach pad write-down,...Read more
The income valuation method represents...Read more
A decrease of $100 per...Read more
General and administrative expense decreased...Read more
The amount of the deferred...Read more
As discussed above under Depreciation...Read more
In 2020, the Board approved...Read more
Other income, net decreased in...Read more
(10)Includes mining tax net of...Read more
(15)Valuation allowance and other tax...Read more
(15)Valuation allowance and other tax...Read more
(9)Includes mining tax net of...Read more
For additional risk factors that...Read more
The adjustment is due to...Read more
The cost valuation method is...Read more
(7)COVID-19 specific costs, included in...Read more
(8)COVID-19 specific costs, net, included...Read more
(4)Includes valuation allowance of $(86)...Read more
Costs are added to ore...Read more
As of the effective date,...Read more
Advanced projects, research and development...Read more
(12)The consolidated effective income tax...Read more
Exploration expense decreased in 2020,...Read more
(14)Valuation allowance and other tax...Read more
Costs applicable to sales per...Read more
Furthermore, our senior notes and...Read more
For a more detailed discussion...Read more
The proposed amendments, if enacted,...Read more
Approximately 45%, 43% and 33%...Read more
Our financial position was as...Read more
(11)Includes uncertain tax position reserve...Read more
Net cash provided by (used...Read more
The decrease in Depreciation and...Read more
All-in sustaining costs per gold...Read more
(13)Gain on formation of Nevada...Read more
(3)Gain on formation of Nevada...Read more
Depreciation and amortization per gold...Read more
Capital expenditures primarily related to...Read more
Depreciation and amortization per gold...Read more
These increases were partially offset...Read more
____________________________ (1)N.M. - Not meaningful...Read more
(3)(Gain) loss on asset and...Read more
All-in sustaining costs per gold...Read more
Depreciation and amortization per gold...Read more
Therefore, we believe that all-in...Read more
Includes costs related to administrative...Read more
All-in sustaining costs per gold...Read more
Interest expense, net increased in...Read more
Such changes in reserves could...Read more
The change in consolidated sales...Read more
The following disclosure provides information...Read more
In 2020, we completed a...Read more
Therefore, the amount of gold...Read more
Although Free Cash Flow and...Read more
After adjusting for this gain,...Read more
Depreciation and amortization per gold...Read more
The following tables reconcile these...Read more
We have adopted a risk-based...Read more
(15)The Emigrant leach pad write-down,...Read more
Depreciation and amortization per gold...Read more
(6)Includes uncertain tax position reserve...Read more
(14)The tax effect of adjustments,...Read more
(14)The tax effect of adjustments,...Read more
(11)The tax effect of adjustments,...Read more
Depreciation and amortization per consolidated...Read more
Costs applicable to sales per...Read more
The Company's decision to reprioritize,...Read more
For the year ended December...Read more
In May 2020, milling operations...Read more
In early May, the operations...Read more
Reclamation and remediation adjustments during...Read more
On July 1, 2019 (the...Read more
Other assumptions include future operating...Read more
The ability to achieve the...Read more
The following are major development...Read more
At December 31, 2020, our...Read more
Depreciation and amortization per gold...Read more
All-in sustaining costs per gold...Read more
Depreciation and amortization per gold...Read more
Depreciation and amortization per gold...Read more
We recognize interest and penalties,...Read more
All-in sustaining costs per consolidated...Read more
Depreciation and amortization per gold...Read more
The Phoenix mine was contributed...Read more
The Phoenix mine site was...Read more
The calculation of the UOP...Read more
Costs are added to stockpiles...Read more
(2)(Gain) loss on asset and...Read more
Business Combinations We recognize and...Read more
EBITDA and Adjusted EBITDA do...Read more
The FFCR Act and the...Read more
All-in sustaining costs per consolidated...Read more
Gain on formation of Nevada...Read more
Depreciation and amortization per gold...Read more
The Company also periodically updates...Read more
If the carrying amount of...Read more
All-in sustaining costs per gold...Read more
Future developments could impact our...Read more
We record stockpiles at the...Read more
In determining the requirement for...Read more
All-in sustaining costs per gold...Read more
All-in sustaining costs per gold...Read more
All-in sustaining costs per gold...Read more
All-in sustaining costs per gold...Read more
Costs applicable to sales for...Read more
The primary factors that influence...Read more
Net income (loss) attributable to...Read more
(8)Loss (gain) on asset and...Read more
We have reprioritized the Yanacocha...Read more
In January 2021, the Company...Read more
All-In Sustaining Costs Newmont has...Read more
Free Cash Flow is Net...Read more
The 2020 charges include increased...Read more
Accretion related to the reclamation...Read more
These measures are calculated by...Read more
On September 1, 2019, Argentina's...Read more
(6)Pension settlements and curtailments, included...Read more
These guarantees are full and...Read more
The Company has evaluated these...Read more
We generally process the highest...Read more
Costs applicable to sales per...Read more
Gain on asset and investment...Read more
The measures are not necessarily...Read more
The measures are not necessarily...Read more
Costs applicable to sales per...Read more
(4)Loss (gain) on asset and...Read more
We review the likelihood that...Read more
____________________________ (1)Per share measures may...Read more
____________________________ (1)Per share measures may...Read more
Other companies may calculate these...Read more
(5)Per ounce measures may not...Read more
(10)Per ounce measures may not...Read more
(9)Per ounce measures may not...Read more
(8)Per ounce measures may not...Read more
Unless otherwise noted, we present...Read more
The estimated undiscounted cash flows...Read more
Remediation costs are accrued based...Read more
Any excess of the purchase...Read more
The details of our Costs...Read more
Open pit and underground mining...Read more
Water treatment costs included in...Read more
We continue to remain compliant...Read more
The Company has analyzed this...Read more
Costs incurred to access specific...Read more
Capital expenditures primarily related to...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Newmont Mining Corp provided additional information to their SEC Filing as exhibits
Ticker: NEM
CIK: 1164727
Form Type: 10-K Annual Report
Accession Number: 0001164727-21-000027
Submitted to the SEC: Thu Feb 18 2021 7:06:48 AM EST
Accepted by the SEC: Thu Feb 18 2021
Period: Thursday, December 31, 2020
Industry: Gold And Silver Ores