The company recognized a loss of $859 in Loss on assets held for sale for the year ended 2024, of which $160 and $699 related to Telfer and the disposal groups remaining as held for sale, respectively. A resulting tax impact of $255 was recognized, resulting in a total loss of $1,114 recognized in Loss on assets held for sale.

1. 01

   The company recognized a loss of $859 in Loss on assets held for sale for the year ended 2024, of which $160 and $699 related to Telfer and the disposal groups remaining as held for sale, respectively. A resulting tax impact of $255 was recognized, resulting in a total loss of $1,114 recognized in Loss on assets held for sale.

2. 02

   The company said sales increased during the year ended 2024 compared to the same period in 2023 by $6,870, primarily due to a net increase in gold and copper sales of $5,153 and $752, respectively. Of the gold and copper sales increases, $2,807 and $786 were attributable to sites acquired in the Newcrest transaction, respectively.

3. 03

   The company reported Income and mining tax expense of $1,397 for the year ended 2024 (compared to $526 in 2023) and Interest expense, net of capitalized interest of $375 (compared to $243 in 2023). It cited the interest expense recognized for the entire year on the debt acquired in the Newcrest transaction in November 2023 as a factor in the increase in interest expense.

4. 04

   The company said the Board of Directors authorized a stock repurchase program in February 2024 to repurchase shares of outstanding common stock for up to $1 billion, and an additional $2 billion program in October. For the year ended 2024, the company executed and settled trades totaling $1,246 of common stock repurchases. The company also said it issued $2,000 Senior Notes in March 2024 and used the net proceeds of $1,980 to repay in full the outstanding balance under its revolving credit facility.

Key figures

Fiscal year ended December 31, 2024

Revenue

$18.7B

Net income

$3.3B

EPS

$2.92

Operating cash flow

$6.4B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.