Newmont (NEM) Risk Factor Changes
Newmont Risk Factor Changes
Latest 10-K compared with the year before. 123 changes found.
We may not receive any or all deferred or contingent consideration for divested assets.
Risks Related to Divestitures and Related Agreement
The PNGX is a small market resulting in limited liquidity.
Newmont CHESS depositary interest ("CDIs") are quoted and trade on the ASX in Australian dollars, whereas Newmont common stock is quoted and trade on NYSE in US dollars.
Export control laws, economic sanctions and international trade compliance regulations are always changing.
Our business is dependent upon our workforce being able to safely perform their jobs, including the potential for physical injuries or illness or fatality.
A deterioration in Mexico’s economy, social instability, political unrest, or other adverse social developments in Mexico could also adversely affect operating results at Peñasquito, as well as the safety and security…
Zacatecas, continue to need to engage with governmental authorities to understand how the environmental tax would be levied year-over-year, which could result in significant increases in tax amounts.
At December 31, 2025, various unions represented approximately 26.6% of our employee workforce worldwide.
Additionally, the government of British Columbia has committed to reform the Mineral Tenure Act, which governs the acquisition and holding of mineral tenures in British Columbia, in consultation with First Nations and…
First Nations have made claims in respect of Indigenous rights and title to substantial portions of land and water across Canada, which could impact our exploration projects, and operations at Red Chris and Brucejack.
There is also the potential for legal challenges to the Wafi-Golpu permitting process as it progresses towards completion, including by PNG provincial governments, landowner groups, and civil society organizations.
The PNG government has recently enacted a new Income Tax Act 2025 (the “NITA”) which replaces the existing PNG Income Tax Act 1959.
In recent years, we experienced work stoppages by miners represented by unions at the Cerro Negro Mine.
With the election of a new President at the end of 2023, the economic environment in Argentina has experienced stabilization during 2024 and 2025.
Our operations at Ahafo South and Ahafo North in Ghana are subject to political, economic and other risks.
Operations and development in Suriname are governed by a mineral agreement with the Republic of Suriname.
The prior Central Government of Peru supported responsible mining as a vehicle for the growth and future development of Peru.
In addition, when governments struggle with deficits and concerns over the potential and actual effects of depressed economic conditions, many of them have in the past, and may in the future, target the mining and met…
We have operations and conduct business in a number of jurisdictions, which may increase our susceptibility to sudden tax changes.
•Risk of increased taxation related to impacts to government revenue as a result of challenging socioeconomic conditions, including recessions and/or in connection with heath and community emergencies, such as pandemi…
Our Peñasquito operation is situated in an area with high baseline water stress.
As our operations move to reduce our GHG emissions, renewable power sources and technology at our operations will continue to be evaluated and implemented.
A geotechnical failure of a TSF, dam, or pit slope could result in limited or restricted access to mine sites, suspension of operations, government investigations, regulatory actions or penalties, increased monitoring…
In addition, Newmont has both operational (active and inactive) and closed tailings storage facilities ("TSFs") in a variety of climatic and geographic settings.
Operations may also experience challenges to operating conditions, such as inundation, inrush of water or other materials, airblast and those relating to elevated temperatures (including management and discharge of ho…
Additionally, there are a number of risks and uncertainties associated with the block cave mining methods applied at Cadia, in New South Wales, Australia.
There is also the potential for disruption to transport routes associated with the distribution of our products.
changes in rainfall and intensities, water shortages and changing storm patterns have from time to time adversely impacted, and may in the future adversely impact, our costs, production levels and financial performance.
Our targets are unique to our business, operations and capabilities, which do not easily lend to benchmarking against similar sustainability performance targets, and the related performance, of other companies.
Our ability to meet our climate strategy goals and aspirations, including our Scope 1, Scope 2, and Scope 3 emissions targets, is subject to numerous risks and uncertainties and relies on, among other things, our abil…
practices and processing including planning and design for mines, development of alternative power sources, site level efficiencies and other capital investments.
A number of governments or governmental bodies have introduced or are contemplating regulatory changes in response to the potential impacts of climate change that are viewed as the result of emissions from the combust…
In light of these developments at Cadia, and the ongoing approval process to expand the TSF, there is a heightened level of community activism relating to the perceived impact of mining activities on the health of the…
In 2024, some local residents reported perfluoroalkyl and polyfluoroalkyl Substances (“PFAS”) and other contaminants were allegedly being detected in the river catchment surrounding Cadia.
In early 2023, residents living near Cadia raised concerns about potential impacts to drinking water supplies by various contaminants, including metals such as lead, nickel and copper, which they allege are related to…
In August 2023, the NSW EPA commenced proceedings in the Land and Environment Court of NSW (the “NSW Land and Environment Court”) against Cadia Holdings, alleging that air emissions from Cadia in March 2022 exceeded t…
The independent air quality audit report published by Cadia Holdings in August 2022 indicated that dust emitted from two ventilation exhaust rises which vent emissions from underground processing operations exceeded l…
operations and projects.
Our gold and copper mining and ore refining/metals extraction processes generate waste by-products such as waste rock (managed in waste rock dumps or, in the case of Lihir, harbor waste rock platforms and permitted ba…
visitors or community members; decrease operational efficiency due to employee absenteeism and other factors; increase community tensions or otherwise adversely affect our ability to conduct business.
Greater scrutiny on the private sector broadly and multi-national companies specifically, to contribute to sustainable outcomes in the places where they operate, has led to a proliferation of standards and reporting i…
Our mining and processing operations and development and exploration activities are subject to extensive permitting requirements.
•Failure of mining pit slopes, heap leach facilities, tailings embankments, and other tailing depositions, or water storage dams;
We recognize 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 a…
The Company continues to evaluate strategic priorities and deployment of capital to projects in the pipeline.
The Company’s share repurchase program may be discontinued at any time, and the program does not obligate the Company to acquire any specific number of shares of its common stock or to repurchase the full authorized a…
U.S.
Potential future investments, including projects in the Company’s project pipeline, acquisitions and other investments, will require significant funds for capital expenditures.
Our reporting currency is the U.S.
The Company faces risks related to health epidemics and other outbreaks of communicable diseases, which could significantly disrupt operations and may materially and adversely affect its business and financial conditi…
For example, our joint ventures, including the joint venture that combined our and Barrick Mining Corporation’s (“Barrick”) respective Nevada operations, forming NGM, pursuant to the operating agreement entered into o…
To the extent we hold or acquire interests in any joint ventures or enter into any joint ventures in the future, the existence or occurrence of one or more of the following circumstances and events could have a materi…
The Code forms the foundation of our internal governance structure as well as our commitment to responsible mining.
The Company is conducting detailed studies to better estimate water management and other closure activities that will ensure water quality and quantity discharge requirements, including the modifications promulgated b…
The laws and regulations governing mine closure and reclamation in a particular jurisdiction are subject to review at any time and may be amended to impose additional requirements and conditions which may cause our pr…
Additionally, we may be held responsible for the costs of addressing contamination at the site of current or former activities or at third party sites or be held liable to third parties for exposure to hazardous subst…
current production with new production, or one or more of these new production sites or facilities may be less profitable than currently anticipated or may not be profitable at all, any of which could have a material…
•Ability to achieve anticipated benefits, synergies, savings and other efficiencies in connection with acquisitions, business improvement programs and initiatives, and through portfolio optimization and divestitures;
recovery may not be realized or mineral reserves or resources might not be mined or processed profitably.
There can be no assurance that our systems, procedures, and controls will be adequate to support the transitional services and associated complexities.
transitioning contracts, licenses, software, and other physical assets, and assisting the purchasers in setting up system to be in a position to run the assets.
Divestitures require the transition of systems and personnel, which may involve anticipated and unanticipated liabilities, costs, and the loss of key employees.
The divestiture process involves numerous risks, including significant costs and expenses such as transaction-related fees and potential tax liabilities.
The Company’s asset divestitures place demands on the Company’s management and resources, the sale of divested assets may not occur as planned or at all, and the Company may not realize the anticipated benefits of suc…
Expectations regarding the planned divestment of assets held for sale are subject to risks and uncertainties.
Newmont CHESS depositary interest ("CDIs") are quoted and trade on the ASX in Australian dollars, whereas Newmont common stock is quoted and trade on NYSE in US dollars.
conduct investigations and evaluations in response to credible allegations of noncompliance, and may take remedial actions, including, where applicable, voluntary disclosures to authorities.
Our business is subject to U.S.
criminal organizations, including in the State of Zacatecas.
At December 31, 2024, various unions represented approximately 30.4% of our employee workforce worldwide.
Newmont operates in Ghana pursuant to a Revised Investment Agreement ratified by Ghana’s Parliament in 2015, which established a fixed fiscal and legal regime, including fixed royalty and tax rates, for Newmont operat…
Operations and development in Suriname are governed by a mineral agreement with the Republic of Suriname.
In addition, when governments struggle with deficits and concerns over the potential and actual effects of depressed economic conditions (which occurred in the past in connection with COVID-19 impacts), many of them h…
As our operations move to reduce our GHG emissions, renewable power sources and technology at our operations will continue to be evaluated and implemented.
addition, seismic activity may impact operations that are located in seismically active areas and subject to risks of earthquakes, such as Cadia and, with the related risks of tidal surge and tsunamis, Lihir.
efficiency.
developments, including community complaints associated with our activities at Cadia could give rise to reputational harm, operational disruptions, increased regulatory scrutiny of mining activities or delays to proje…
While no specific relief has been sought by the NSW EPA in its proceeding against Cadia Holdings before the NSW Land and Environment Court, the court can impose penalties.
The independent air quality audit report published by Cadia Holdings in August 2022 indicated that dust emitted from two ventilation exhaust rises which vent emissions from underground processing operations exceeded l…
standards can result in harm to employees, community members or trespassers, increase community tensions, reputational harm to Newmont or result in criminal and/or civil liability and/or financial damages or penalties.
provide enhanced and/or alternative livelihood support.
development of a project; increased costs of development or production and litigation or regulatory action, any of which could materially adversely affect our business, results of operations or financial condition.
economic commitments, the Company may be prevented from pursuing certain development opportunities or may assume additional financial obligations, which may require new sources of capital.
Our reporting currency is the U.S.
reasonably estimated.
Mineral reserves and resources disclosed in this Form 10-K have been prepared in accordance with the Regulation S-K 1300.
Average gold prices for 2024 were $2,386 per ounce (2023: $1,941; 2022: $1,800), average copper prices for 2024 were $4.15 per pound (2023: $3.85; 2022: $3.99), average silver prices for 2024 were $28.27 per ounce (20…
It is not always possible to estimate the Company's maximum exposure under these indemnifications or guarantees due to the conditional nature of these obligations.
The Company is subject to certain indemnifications, guarantees, and obligations in connection with both recent divestitures and prior transactions, including those related to reclamation, remediation and closure costs…
We are subject to ongoing indemnification and other retained liabilities from both recent and historical transactions.
Any failure to realize the expected benefits of transactions, delays or shortfalls in receipt of deferred consideration, or the crystallization of retained liabilities or indemnification claims could materially and ad…
For recent completed divestments certain portions of the total consideration remain deferred, and the Company has continuing obligations under various sale agreements.
The Company completed a series of asset divestments in recent years, including the sale of the Telfer reportable segment in the fourth quarter of 2024, the sale of the CC&V, Musselwhite, and Éléonore reportable segmen…
We are currently, and may in the future become, subject to litigation, arbitration or other legal proceedings with other parties.
Unanticipated litigation or negative developments in pending litigation or with respect to other contingencies may adversely affect our financial condition and results of operations.
Newmont’s global operations create exposure to U.S.
have in the past been affected by the COVID-19 pandemic, and may be materially and adversely impacted in the future by pandemics, epidemics and other health emergencies.”
Our Peñasquito operation has in the past, and may in the future, be affected significantly and adversely by social, political, regulatory, or economic developments in Mexico.
In January 2026 the Argentinian province of Santa Cruz enacted the 90/10 employment law with the goal to ensure that local residents receive the majority of jobs in key industries, including mining.