Newmont (MIL:1NEM) Construction In Progress : €0 Mil (As of Mar. 2025)

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What is Newmont Construction In Progress?

Newmont's quarterly construction in progress increased from Sep. 2024 (€0 Mil) to Dec. 2024 (€4,950 Mil) but then declined from Dec. 2024 (€4,950 Mil) to Mar. 2025 (€0 Mil).

Newmont's annual construction in progress increased from Dec. 2022 (€3,031 Mil) to Dec. 2023 (€4,401 Mil) and increased from Dec. 2023 (€4,401 Mil) to Dec. 2024 (€4,950 Mil).

Newmont Construction In Progress Historical Data

The historical data trend for Newmont's Construction In Progress 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 Construction In Progress Chart

Newmont Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Construction In Progress

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2,033.63

2,043.47

3,031.18

4,400.68

4,949.77

Newmont Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Construction In Progress	Get a 7-Day Free Trial															-	-	-	4,949.77	-

Newmont Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Newmont Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newmont Corp (MIL:1NEM) » Definitions » Construction In Progress

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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 sell roughly 5.5 million ounces of gold in 2025 from its core mines after selling six higher-cost, smaller mines, likely effective mid-2025. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2024.

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