The company said Newmont reported a net loss of $2.5 billion for 2023, driven by $1.9 billion in impairment charges, $1.5 billion in reclamation charges and $464 million in Newcrest transaction and integration costs, and that these items are excluded from adjusted earnings.

1. 01

   The company said Newmont reported a net loss of $2.5 billion for 2023, driven by $1.9 billion in impairment charges, $1.5 billion in reclamation charges and $464 million in Newcrest transaction and integration costs, and that these items are excluded from adjusted earnings.

2. 02

   Newmont said adjusted net income for the full year 2023 was $1.61 per share and adjusted EBITDA was $4.2 billion, and that adjusted net income for Q4 was $0.50 per share.

3. 03

   The company said it generated $2.8 billion of cash from continuing operations in 2023, and that free cash flow was $88 million after $513 million in unfavorable working capital changes and $2.7 billion of reinvestment.

4. 04

   Newmont said it expects gold production of approximately 6.9 million ounces for the Total Newmont portfolio in 2024, with gold CAS of $1,050 per ounce and gold AISC of $1,400 per ounce.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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