| Non-Controlling Interests |
Non-Controlling Interests
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| a) Non-Controlling Interests (“NCI”) Continuity |
|
|
Nevada Gold Mines |
Pueblo Viejo |
Tanzania Mines1 |
Loulo-Gounkoto |
Tongon |
Reko Diq |
Other |
Total |
|
| NCI in subsidiary at December 31, 2024 |
38.5 |
% |
40 |
% |
16 |
% |
20 |
% |
10.3 |
% |
50 |
% |
Various |
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|
| At January 1, 2023 |
$6,068 |
|
$1,128 |
|
$321 |
|
$739 |
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$13 |
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$329 |
|
($80) |
|
$8,518 |
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| Share of income (loss) |
548 |
|
63 |
|
25 |
|
69 |
|
7 |
|
(31) |
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— |
|
681 |
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| Cash contributed |
— |
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— |
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— |
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— |
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— |
|
40 |
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— |
|
40 |
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| Disbursements |
(454) |
|
(48) |
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(24) |
|
(48) |
|
(4) |
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— |
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— |
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(578) |
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| At December 31, 2023 |
$6,162 |
|
$1,143 |
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$322 |
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$760 |
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$16 |
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$338 |
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($80) |
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$8,661 |
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| Share of income (loss) |
884 |
|
101 |
|
53 |
|
(31) |
|
— |
|
(63) |
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— |
|
944 |
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| Cash contributed |
— |
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— |
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— |
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— |
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— |
|
146 |
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— |
|
146 |
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| Disbursements |
(667) |
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(84) |
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— |
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(34) |
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— |
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— |
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— |
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(785) |
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| At December 31, 2024 |
$6,379 |
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$1,160 |
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$375 |
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$695 |
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$16 |
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$421 |
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($80) |
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$8,966 |
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| 1Tanzania mines consist of the two operating mines, North Mara and Bulyanhulu.
b) Summarized Financial Information on Subsidiaries with Material Non-Controlling Interests Summarized Balance Sheets
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| |
Nevada Gold Mines |
Pueblo Viejo |
Tanzania Mines1 |
Loulo-Gounkoto |
Tongon |
Reko Diq |
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As at Dec. 31, 2024 |
As at Dec. 31, 2023 |
As at Dec. 31, 2024 |
As at Dec. 31, 2023 |
As at Dec. 31, 2024 |
As at Dec. 31, 2023 |
As at Dec. 31, 2024 |
As at Dec. 31, 2023 |
As at Dec. 31, 2024 |
As at Dec. 31, 2023 |
As at Dec. 31, 2024 |
As at Dec. 31, 2023 |
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| Current assets |
$3,812 |
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$2,531 |
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$776 |
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$547 |
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$332 |
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$303 |
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$974 |
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$782 |
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$136 |
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$118 |
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$94 |
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$21 |
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| Non-current assets |
14,590 |
|
14,094 |
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5,210 |
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5,244 |
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2,215 |
|
2,006 |
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3,446 |
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3,747 |
|
183 |
|
225 |
|
933 |
|
752 |
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| Total assets |
$18,402 |
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$16,625 |
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$5,986 |
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$5,791 |
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$2,547 |
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$2,309 |
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$4,420 |
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$4,529 |
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$319 |
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$343 |
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$1,027 |
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$773 |
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| Current liabilities |
807 |
|
704 |
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1,245 |
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1,079 |
|
636 |
|
760 |
|
284 |
|
171 |
|
138 |
|
135 |
|
241 |
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62 |
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| Non-current liabilities |
1,082 |
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1,147 |
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1,543 |
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1,538 |
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438 |
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409 |
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537 |
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539 |
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46 |
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68 |
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2 |
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— |
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| Total liabilities |
$1,889 |
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$1,851 |
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$2,788 |
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$2,617 |
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$1,074 |
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$1,169 |
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$821 |
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$710 |
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$184 |
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$203 |
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$243 |
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$62 |
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| Summarized Statements of Income
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| |
Nevada Gold Mines |
Pueblo Viejo |
Tanzania Mines1 |
Loulo-Gounkoto |
Tongon |
Reko Diq |
|
| For the years ended December 31 |
2024 |
2023 |
2024 |
2023 |
2024 |
2023 |
2024 |
2023 |
2024 |
2023 |
2024 |
2023 |
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| Revenue |
$6,616 |
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$6,051 |
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$1,429 |
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$1,118 |
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$1,265 |
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$1,033 |
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$1,346 |
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$1,335 |
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$399 |
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$398 |
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$— |
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$— |
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| Income (loss) from continuing operations after tax |
2,635 |
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1,645 |
|
212 |
|
108 |
|
331 |
|
158 |
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(174) |
|
326 |
|
(4) |
|
64 |
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(126) |
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(62) |
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| Other comprehensive loss |
(4) |
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(8) |
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— |
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— |
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(1) |
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— |
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— |
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— |
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— |
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— |
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— |
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— |
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| Total comprehensive income (loss) |
$2,631 |
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$1,637 |
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$212 |
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$108 |
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$330 |
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$158 |
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($174) |
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$326 |
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($4) |
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$64 |
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($126) |
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($62) |
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Dividends paid to NCI2 |
$667 |
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$454 |
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$84 |
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$48 |
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$— |
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$— |
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$34 |
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$48 |
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$— |
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$4 |
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$— |
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$— |
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| Summarized Statements of Cash Flows |
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| |
Nevada Gold Mines |
Pueblo Viejo |
Tanzania Mines1 |
Loulo-Gounkoto |
Tongon |
Reko Diq |
|
| For the years ended December 31 |
2024 |
2023 |
2024 |
2023 |
2024 |
2023 |
2024 |
2023 |
2024 |
2023 |
2024 |
2023 |
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| Net cash provided by (used in) operating activities |
$2,994 |
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$2,667 |
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$619 |
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$447 |
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$467 |
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$238 |
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$496 |
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$467 |
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($3) |
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$82 |
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($180) |
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($38) |
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| Net cash used in investing activities |
(1,331) |
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(1,405) |
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(308) |
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(429) |
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(295) |
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(311) |
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(383) |
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(375) |
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(23) |
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(30) |
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(128) |
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(3) |
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| Net cash provided by (used in) financing activities |
(1,733) |
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(1,182) |
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(80) |
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42 |
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(134) |
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(46) |
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(162) |
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(196) |
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(1) |
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(103) |
|
380 |
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54 |
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| Net increase (decrease) in cash and cash equivalents |
($70) |
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$80 |
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$231 |
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$60 |
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$38 |
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($119) |
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($49) |
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($104) |
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($27) |
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($51) |
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$72 |
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$13 |
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| 1Tanzania mines consist of the two operating mines, North Mara and Bulyanhulu. 2Includes partner distributions.
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