Newmont (XSGO:NEM) Pre-Tax Income : $-579 Mil (TTM As of Sep. 2024)

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What is Newmont Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Newmont's pretax income for the three months ended in Sep. 2024 was $1,059 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2024 was $-579 Mil. Newmont's pretax margin was 23.00%.

During the past 13 years, Newmont's highest Pretax Margin was 37.92%. The lowest was -17.19%. And the median was 9.63%.

Newmont Pre-Tax Income Historical Data

The historical data trend for Newmont's Pre-Tax Income 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 Pre-Tax Income Chart

Newmont Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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3,693.00

3,143.00

1,108.00

-51.00

-2,031.00

Newmont Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Pre-Tax Income	Get a 7-Day Free Trial															232.00	-3,102.00	428.00	1,036.00	1,059.00

Competitive Comparison of Newmont's Pre-Tax Income

For the Gold subindustry, Newmont's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Newmont's Pre-Tax Income Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newmont's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Newmont's Pre-Tax Income falls into.

Newmont Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Newmont's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	708	+	-2644	+	-243	+	148	+	0
	=	-2,031

Newmont's Pretax Income for the quarter that ended in Sep. 2024 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	1298	+	-190	+	-86	+	37	+	0
	=	1,059

Pre-Tax Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-579 Mil.

Newmont (XSGO:NEM) Pre-Tax Income Explanation

Newmont's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	1059	/	4605
	=	23.00%

During the past 13 years, Newmont's highest Pretax Margin was 37.92%. The lowest was -17.19%. And the median was 9.63%.

Newmont Pre-Tax Income Related Terms

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Newmont Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newmont Corp (XSGO:NEM) » Definitions » Pre-Tax Income

Comparable Companies

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NEMCL:USA NEM:USA NEM:Peru NEM:Mexico NEM_KZ:Kazakhstan 1NEM:Italy 0R28:UK NMM0:Germany NMM0:Germany NMM0:Germany NMM:Germany NMM:Germany NMM:Germany NMM:Germany NGT:Canada N1EM34:Brazil NEM:Australia NEWM:Austria NEM:Argentina

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 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. 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 2023.