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SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company regularly reviews its segment reporting for alignment with its strategic goals and operational structure as well as for evaluation of business performance and allocation of resources by Newmont’s Chief Operating Decision Maker ("CODM"). In January 2023, Newmont reassessed and revised its operating strategies and the accountabilities of the senior leadership team in light of the continuing volatile and uncertain market conditions. Following these changes, the Company reevaluated its segments to reflect certain changes in the financial information regularly reviewed by the CODM. As a result, the Company determined that its reportable segments were each of its 12 mining operations and its 38.5% interest in Nevada Gold Mines ("NGM"), which is accounted for using the proportionate consolidation method. Segment results for the prior periods have been recast to reflect the change in reportable segments.
In the following tables, Income (loss) before income and mining tax and other items from reportable segments does not reflect general corporate expenses, interest (except project-specific interest) or income and mining taxes. Intercompany revenue and expense amounts have been eliminated within each segment in order to report on the basis that management uses internally for
evaluating segment performance. The Company's business activities and operating segments that are not considered reportable, including all equity method investments, are reported in Corporate and Other, which has been provided for reconciliation purposes.
The financial information relating to the Company’s segments is as follows:
SalesCosts Applicable to SalesDepreciation and AmortizationAdvanced Projects, Research and Development and ExplorationIncome (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (1)
Three Months Ended March 31, 2023
CC&V$91 $51 $$$27 $10 
Musselwhite83 58 19 14 
Porcupine123 70 29 15 22 
Éléonore129 75 27 26 14 
Peñasquito:
Gold110 67 20 
Silver117 82 25 
Lead32 22 
Zinc117 86 24 
Total Peñasquito376 257 76 22 35 
Merian159 85 18 53 14 
Cerro Negro
116 70 31 35 
Yanacocha100 56 16 — 63 
Boddington:
Gold381 167 28 
Copper110 53 
Total Boddington491 220 37 233 37 
Tanami123 61 19 40 74 
Ahafo249 130 39 71 90 
Akyem148 63 29 49 10 
Nevada Gold Mines491 286 106 85 84 
Corporate and Other— — 41 (95)
Consolidated$2,679 $1,482 $461 $83 $539 $508 
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(1)Includes a decrease in accrued capital expenditures of $18. Consolidated capital expenditures on a cash basis were $526.
SalesCosts Applicable to SalesDepreciation and AmortizationAdvanced Projects, Research and Development and ExplorationIncome (Loss) before Income and Mining Tax and Other Items
Capital Expenditures (1)
Three Months Ended March 31, 2022
CC&V$68 $52 $16 $$(3)$
Musselwhite60 43 16 (3)
Porcupine114 66 22 17 36 
Éléonore94 62 29 — (1)10 
Peñasquito:
Gold252 87 39 
Silver156 97 44 
Lead44 22 10 
Zinc210 86 35 
Total Peñasquito662 292 128 241 40 
Merian195 87 22 81 11 
Cerro Negro
122 63 39 28 
Yanacocha127 67 25 56 
Boddington:
Gold381 162 28 
Copper99 46 
Total Boddington480 208 36 233 18 
Tanami186 65 22 78 84 
Ahafo202 106 31 67 59 
Akyem169 67 30 67 12 
Nevada Gold Mines544 257 125 153 66 
Corporate and Other— — 44 (317)16 
Consolidated$3,023 $1,435 $547 $82 $628 $446 
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(1)Includes an increase in accrued capital expenditures of $9; consolidated capital expenditures on a cash basis were $437.