Newmont completed the acquisition of Newcrest Mining Limited on November 6, 2023. This acquisition significantly expands Newmont's operations and asset base, adding operations in Australia, Papua New Guinea and Canada.

The company plans to divest six non-core assets and a development project, indicating a strategic shift to focus on key assets. This may involve some restructuring and asset sales.

The Ahafo North project in Ghana is expected to add between 275,000 and 325,000 ounces per year for the first five full years of production beginning in 2026. This represents a significant near-term growth opportunity.

Successfully integrating Newcrest's operations and systems will be critical for realizing synergies and achieving stated objectives. The report highlights potential challenges in this integration process.

The company emphasizes its commitment to ESG practices and sustainability reporting. This includes efforts to reduce emissions, promote diversity, and engage with stakeholders.

The Tanami Expansion 2 project secures Tanami's future as a long-life, low-cost producer with potential to extend mine life to 2040. The expansion is expected to increase average annual gold production by approximately 150,000 to 200,000 ounces per year for the first five years and is expected to reduce operating costs by approximately 30 percent.

The company's financial performance is highly dependent on gold, copper, silver, lead, and zinc prices, which are subject to significant fluctuations. A substantial or extended decline in these prices would have a material adverse effect.

Estimates of proven and probable reserves are subject to considerable uncertainty, and actual recoveries may vary from estimates. This could impact future production and profitability.

Operations in regions such as Yanacocha (Peru), Suriname, and certain African countries are subject to political and social unrest risks, which could disrupt operations and increase costs.

The company ranks as the top gold producer, with approximately five percent of estimated total worldwide mined gold production. This indicates a strong market position.

The company's competitive position is based on the size and grade of ore bodies anchored in a large portfolio of Tier 1 assets located in favorable mining jurisdictions.

The company faces competition with other natural resource companies for specialized equipment, supplies, and skilled personnel. Shortages could impact efficiency, increase costs, and delay projects.

The company notes that increased operating and capital costs could affect profitability. This highlights the importance of cost management.

Reliance on supply chain operations exposes the company to material availability, disruption, and performance risks. This could lead to mine site production curtailment or stoppage.

The company and the mining industry are facing continued geotechnical, geothermal and hydrogeological challenges, which could adversely impact production and profitability.

The company is dependent upon information technology and operational technology systems, which are subject to disruption, damage, failure and risks associated with implementation, upgrade, operation and integration. A material compromise could have an adverse impact.

Newmont has a strategic alliance with Caterpillar Inc. to develop and deliver electric autonomous mining systems to make our mines safer and more productive while also supporting Newmont in achieving our climate targets.

New technology that could result in greater operational efficiency, such as our use of artificial intelligence, fleet electrification, and autonomous vehicles, may further expose our operations and computer systems to the risk of cybersecurity incidents.

Potential future investments, including projects in the Company's project pipeline, acquisitions and other investments, will require significant funds for capital expenditures.

The company reviews its operations for events and circumstances that could indicate that the carrying value of our long-lived assets may not be recoverable. If indicators of impairment are determined to exist at our mine operations, we review the recoverability of the carrying value of long-lived assets.

The company recognizes the expected future tax benefit from deferred tax assets when the tax benefit is considered to be more likely than not of being realized, otherwise, a valuation allowance is applied against deferred tax assets.

Newmont publishes an annual sustainability report providing a transparent view of ESG performance. The report is compiled in accordance with the Global Reporting Initiative (GRI) 2021 Universal Standards Core option, the GRI Mining and Metals Sector Supplement, and the SASB Metals & Mining standards.

Newmont announced science-based, GHG emissions reduction targets of 32% for Scope 1 and Scope 2 and 30% for Scope 3 by 2030, with an ultimate goal of being carbon neutral by 2050. Our 2030 targets have been approved and validated by the Science-Based Targets initiative.

The company recognizes the need to use water efficiently, protect water resources, and collaborate with the stakeholders within the watersheds where we operate to effectively manage this shared resource. We operate in water-stressed areas with limited supply and increasing population and water demand.

The top 10 producers of gold comprise approximately twenty-five percent of total worldwide mined gold production. We currently rank as the top gold producer with approximately five percent of estimated total worldwide mined gold production.

Our operations are subject to risks of doing business in multiple jurisdictions including potential instability of foreign governments and changes in government policies, including relating to or in response to changes of U.S. laws or foreign policies.

Climate change and the transition to a low-carbon economy is expected to impact Newmont in a number of ways. Producing gold is an energy-intensive business, currently resulting in a significant carbon footprint.