Newmont (WBO:NEWM) Tax Rate % : 60.75% (As of Mar. 2024)

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What is Newmont Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Newmont's Tax Expense for the three months ended in Mar. 2024 was €239 Mil. Newmont's Pre-Tax Income for the three months ended in Mar. 2024 was €394 Mil. Therefore, Newmont's Tax Rate % for the quarter that ended in Mar. 2024 was 60.75%.

Newmont Tax Rate % Historical Data

The historical data trend for Newmont's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Newmont Tax Rate % Chart

Newmont Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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22.53

22.40

99.10

-892.16

-25.90

Newmont Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															39.52	54.33	31.47	-2.48	60.75

Newmont Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Newmont's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	482.342	/	-1862.427
	=	-25.90 %

Newmont's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	239.2	/	393.76
	=	60.75 %

Newmont Tax Rate % Related Terms

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Newmont (WBO:NEWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newmont Corp (WBO:NEWM) » Definitions » Tax Rate %

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Address

6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237

Website

https://www.newmont.com

Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 7.3 million ounces of gold in 2023 pro forma for Newcrest on an annualized basis. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts from its various gold mines. It had about two decades of gold reserves along with significant byproduct reserves after acquiring Newcrest.

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