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SALES (Tables)
6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of sales by mining operation, product and by inventory type, and provisional 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 June 30, 2023
CC&V$82 $— $82 
Musselwhite 80 — 80 
Porcupine 125 — 125 
Éléonore 100 — 100 
Peñasquito:
Gold19 76 95 
Silver (1)
— 124 124 
Lead— 32 32 
Zinc— 65 65 
Total Peñasquito19 297 316 
Merian104 — 104 
Cerro Negro 100 — 100 
Yanacocha130 132 
Boddington:
Gold100 294 394 
Copper— 82 82 
Total Boddington100 376 476 
Tanami244 — 244 
Ahafo263 — 263 
Akyem98 — 98 
NGM (2)
539 24 563 
Consolidated$1,984 $699 $2,683 
____________________________
(1)Silver sales from concentrate includes $15 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 $531 for the three months ended June 30, 2023.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Three Months Ended June 30, 2022
CC&V$85 $— $85 
Musselwhite 73 — 73 
Porcupine 125 — 125 
Éléonore 87 — 87 
Peñasquito:
Gold25 205 230 
Silver (1)
— 140 140 
Lead— 28 28 
Zinc— 92 92 
Total Peñasquito25 465 490 
Merian178 — 178 
Cerro Negro 145 — 145 
Yanacocha129 (1)128 
Boddington:
Gold107 322 429 
Copper— 76 76 
Total Boddington107 398 505 
Tanami249 — 249 
Ahafo253 — 253 
Akyem203 — 203 
NGM (2)
521 16 537 
Consolidated$2,180 $878 $3,058 
____________________________
(1)Silver sales from concentrate includes $20 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 $525 for the three months ended June 30, 2022.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Six Months Ended June 30, 2023
CC&V$173 $— $173 
Musselwhite 163 — 163 
Porcupine 248 — 248 
Éléonore 229 — 229 
Peñasquito:
Gold34 171 205 
Silver (1)
— 241 241 
Lead— 64 64 
Zinc— 182 182 
Total Peñasquito34 658 692 
Merian263 — 263 
Cerro Negro 216 — 216 
Yanacocha224 232 
Boddington:
Gold193 582 775 
Copper— 192 192 
Total Boddington193 774 967 
Tanami367 — 367 
Ahafo512 — 512 
Akyem246 — 246 
NGM (2)
1,012 42 1,054 
Consolidated$3,880 $1,482 $5,362 
____________________________
(1)Silver sales from concentrate includes $31 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 $1,012 for the six months ended June 30, 2023.
Gold Sales from Doré ProductionSales from Concentrate and Other ProductionTotal Sales
Six Months Ended June 30, 2022
CC&V$148 $$153 
Musselwhite 133 — 133 
Porcupine 239 — 239 
Éléonore 181 — 181 
Peñasquito:
Gold56 426 482 
Silver (1)
— 296 296 
Lead— 72 72 
Zinc— 302 302 
Total Peñasquito56 1,096 1,152 
Merian373 — 373 
Cerro Negro 267 — 267 
Yanacocha256 (1)255 
Boddington:
Gold198 612 810 
Copper— 175 175 
Total Boddington198 787 985 
Tanami435 — 435 
Ahafo455 — 455 
Akyem372 — 372 
NGM (2)
1,050 31 1,081 
Consolidated$4,163 $1,918 $6,081 
____________________________
(1)Silver sales from concentrate includes $39 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 $1,051 for the six months ended June 30, 2022.
At June 30, 2023, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months:
GoldCopperSilverLeadZinc
(ounces,
in thousands)
(pounds,
in millions)
(ounces,
in thousands)
(pounds,
in millions)
(pounds,
in millions)
Provisionally priced sales subject to final pricing (1)
148361,966 2647
Average provisional price, per measure$1,926 $3.72 $22.84 $0.95 $1.08 
____________________________
(1)Includes provisionally priced by-product sales subject to final pricing, which are recognized in Costs applicable to sales.