other material
confidence high
sentiment neutral
materiality 0.30
Newmont files pro forma financials for Newcrest acquisition, shows pro forma net loss of $2.0B for 2023
NEWMONT Corp /DE/
- Pro forma sales of $15.4B for year ended Dec 31, 2023, combining Newmont and Newcrest.
- Pro forma net loss from continuing operations attributable to Newmont stockholders of $2,012M.
- Pro forma diluted loss per share of $1.74, reflecting the impact of the all-stock purchase consideration of $13.5B.
- Purchase price allocation remains preliminary, subject to refinement within one year of Nov 6, 2023 acquisition close.
- Pro forma adjustments include IFRS to U.S. GAAP conversions for mine development costs and impairment reversals.