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SALES
9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
SALES SALES
The following tables present the Company’s Sales by mining operation, product and inventory type:
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Three Months Ended September 30, 2022
CC&V$81 $— $81 
Musselwhite 74 — 74 
Porcupine 127 — 127 
Éléonore 94 — 94 
Peñasquito:
Gold23 205 228 
Silver (1)
— 105 105 
Lead— 26 26 
Zinc— 105 105 
Total Peñasquito23 441 464 
North America399 441 840 
Yanacocha90 — 90 
Merian145 — 145 
Cerro Negro 114 — 114 
South America349 — 349 
Boddington:
Gold78 205 283 
Copper— 48 48 
Total Boddington78 253 331 
Tanami220 — 220 
Australia298 253 551 
Ahafo263 — 263 
Akyem174 — 174 
Africa437 — 437 
Nevada Gold Mines (2)
439 18 457 
Nevada439 18 457 
Consolidated$1,922 $712 $2,634 
____________________________
(1)Silver sales from concentrate includes $17 related to non-cash amortization of the silver streaming agreement liability.
(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $434 for the three months ended September 30, 2022.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Three Months Ended September 30, 2021
CC&V$83 $$87 
Musselwhite 64 — 64 
Porcupine 128 — 128 
Éléonore 104 — 104 
Peñasquito:
Gold31 265 296 
Silver (1)
— 143 143 
Lead— 42 42 
Zinc— 122 122 
Total Peñasquito31 572 603 
North America410 576 986 
Yanacocha114 118 
Merian190 — 190 
Cerro Negro 114 — 114 
South America418 422 
Boddington:
Gold74 220 294 
Copper— 72 72 
Total Boddington74 292 366 
Tanami199 — 199 
Australia273 292 565 
Ahafo220 — 220 
Akyem164 — 164 
Africa384 — 384 
Nevada Gold Mines (2)
515 23 538 
Nevada515 23 538 
Consolidated$2,000 $895 $2,895 
____________________________
(1)Silver sales from concentrate includes $19 related to non-cash amortization of the silver streaming agreement liability.
(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $516 for the three months ended September 30, 2021.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Nine Months Ended September 30, 2022
CC&V$229 $$234 
Musselwhite 207 — 207 
Porcupine 366 — 366 
Éléonore 275 — 275 
Peñasquito:
Gold79 631 710 
Silver (1)
— 401 401 
Lead— 98 98 
Zinc— 407 407 
Total Peñasquito79 1,537 1,616 
North America1,156 1,542 2,698 
Yanacocha346 (1)345 
Merian518 — 518 
Cerro Negro 381 — 381 
South America1,245 (1)1,244 
Boddington:
Gold276 817 1,093 
Copper— 223 223 
Total Boddington276 1,040 1,316 
Tanami655 — 655 
Australia931 1,040 1,971 
Ahafo718 — 718 
Akyem546 — 546 
Africa1,264 — 1,264 
Nevada Gold Mines (2)
1,489 49 1,538 
Nevada1,489 49 1,538 
Consolidated$6,085 $2,630 $8,715 
____________________________
(1)Silver sales from concentrate includes $56 related to non-cash amortization of the silver streaming agreement liability.
(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $1,485 for the nine months ended September 30, 2022.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Nine Months Ended September 30, 2021
CC&V$298 $$302 
Musselwhite 197 — 197 
Porcupine 381 — 381 
Éléonore 337 — 337 
Peñasquito:
Gold153 779 932 
Silver (1)
— 486 486 
Lead— 129 129 
Zinc— 385 385 
Total Peñasquito153 1,779 1,932 
North America1,366 1,783 3,149 
Yanacocha338 13 351 
Merian579 — 579 
Cerro Negro 340 — 340 
South America1,257 13 1,270 
Boddington:
Gold225 657 882 
Copper— 204 204 
Total Boddington225 861 1,086 
Tanami617 — 617 
Australia842 861 1,703 
Ahafo596 — 596 
Akyem514 — 514 
Africa1,110 — 1,110 
Nevada Gold Mines (2)
1,545 55 1,600 
Nevada1,545 55 1,600 
Consolidated$6,120 $2,712 $8,832 
____________________________
(1)Silver sales from concentrate includes $58 related to non-cash amortization of the silver streaming agreement liability.
(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $1,542 for the nine months ended September 30, 2021.
Trade Receivables and Provisional Sales
At September 30, 2022 and December 31, 2021, Trade receivables primarily consisted of sales from provisionally priced concentrate and other production. The impact to Sales from revenue recognized due to the changes in pricing on provisional sales is a decrease of $39 and $11 for the three months ended September 30, 2022 and 2021, respectively and a decrease of $86 and $18 for the nine months ended September 30, 2022 and 2021, respectively.
At September 30, 2022, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months:
Provisionally Priced Sales
Subject to Final Pricing
(ounces/pounds)
Average Provisional
Price
(per ounce/pound)
Gold (ounces, in thousands) 222 $1,667 
Copper (pounds, in millions)26$3.43 
Silver (ounces, in millions)$18.98 
Lead (pounds, in millions)23$0.87 
Zinc (pounds, in millions)42$1.37