secwatch.observer — SEC 8-K summary
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Issuer:     NEWMONT Corp /DE/ (NEM)
CIK:        0001164727
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001164727-24-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1164727/000116472724000006/0001164727-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1164727/000116472724000006/nem-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001164727-24-000006

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