---
schema_version: "secwatch.filing_event.v1"
accession: "0001164727-24-000006"
form_type: "8-K"
ticker: "NEM"
cik: "0001164727"
company_name: "NEWMONT Corp /DE/"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T18:25:25.919101+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Newmont posts full-year net loss of $2.5B; provides 2024 outlook of ~6.9M gold oz at AISC $1,400/oz

## Summary
- Completed Newcrest acquisition Nov 6, 2023; net loss $2.5B driven by $1.9B impairments, $1.5B reclamation charges, $464M transaction costs.
- Full-year 2023 gold production 5.5M oz; gold AISC $1,444/oz; adjusted net income $1.61/share; operating cash flow $2.8B.
- 2024 guidance: ~6.9M gold oz, gold CAS $1,050/oz, gold AISC $1,400/oz; sustaining capex ~$1.8B, development capex ~$1.3B.
- Seeking to divest six non-core assets; targeting $500M synergies from Newcrest by end 2025; Tanami Expansion 2 capex $1.7-1.8B, production H2 2027.
- Declared total gold reserves 136M oz, resources 174M oz; significant copper, silver, lead, zinc upside.

## SEC filing metadata
- accession: 0001164727-24-000006
- form_type: 8-K
- ticker: NEM
- cik: 0001164727
- company_name: NEWMONT Corp /DE/
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1164727/000116472724000006/0001164727-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1164727/000116472724000006/nem-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001164727-24-000006
- JSON: https://secwatch.observer/filing/0001164727-24-000006.json
- Plain text: https://secwatch.observer/filing/0001164727-24-000006.txt

## Key facts
- Earnings Releases
  NEWMONT Corp /DE/ reported fiscal year ended December 31, 2023 results: net income Net Loss of $2.5 billion, EPS Adjusted Net Income (ANI) 3 of $1.61 per share. Guidance initiated.
  - Period: fiscal year ended December 31, 2023
  - Net income: Net Loss of $2.5 billion
  - EPS: Adjusted Net Income (ANI) 3 of $1.61 per share
  - Guidance: initiated
  - Result: reported results
  source text: ▪ Reported Net Loss of $2.5 billion driven by $1.9 billion in impairment charges, $1.5 billion in reclamation charges and $464 million in Newcrest transaction and integration costs; these items are excluded from adjusted earnings results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1164727/000116472724000006/0001164727-24-000006-index.htm
- Earnings Releases
  NEWMONT Corp /DE/ reported fourth quarter ended December 31, 2023 results: EPS $0.50 per share. Guidance initiated.
  - Period: fourth quarter ended December 31, 2023
  - EPS: $0.50 per share
  - Guidance: initiated
  - Result: reported results
  source text: fourth quarter ANI was $0.50 per share ▪ Declared increased total Newmont reserves of 136 million gold ounces and resources of 174 million gold ounces 4 ; significant upside to other metals, including copper, silver, lead and zinc 2024 Outlook 5 ▪ Announced Newmont's go-forward Tier 1 Portfolio 6 , which is underpinned by eleven managed Tier 1 and Emerging Tier 1 assets and three non-managed operations; seeking to divest six non-core assets ▪ 2024 production guidance is expected to be approximately 6.9 million gold ounces for the Total Newmont portfolio; underpinned by 5.6 million gold ounces from the Tier 1 Portfolio 6 ▪ Gold CAS is expected to be $1,050 per ounce 3 , with Gold AISC of $1,400 per ounce 3 in 2024 for the Total Newmont portfolio ▪ Sustaining capital spend of approximately $1.8 billion for the Total Newmont portfolio ▪ Development capital spend of approximately $1.3 billio
  evidence_url: https://www.sec.gov/Archives/edgar/data/1164727/000116472724000006/0001164727-24-000006-index.htm
- Earnings Releases
  NEWMONT Corp /DE/ updated its 2024 guidance (initiated).
  - Period: 2024
  - Guidance: initiated
  - Result: guidance update
  source text: ▪ 2024 production guidance is expected to be approximately 6.9 million gold ounces for the Total Newmont portfolio
  evidence_url: https://www.sec.gov/Archives/edgar/data/1164727/000116472724000006/0001164727-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.