INCOME AND MINING TAXES (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Income and Mining Tax Expense Reconciliation

A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate follows:


	Three Months Ended June 30, (1)								Six Months Ended June 30, (1)
	2026				2025				2026				2025
Income (loss) before income and mining tax and other items			$	2,999			$	3,118			$	7,582			$	5,589

U.S. Federal statutory tax rate	21	%	630		21	%	655		21	%	1,592		21	%	1,174
Reconciling items:

Change in valuation allowance on deferred tax assets	(1)		(26)		5		146		(2)		(137)		(1)		(51)
Foreign rate differential (2)	9		271		6		187		9		652		7		367

Mining and other taxes (net of associated federal benefit)	5		136		2		71		4		280		2		134

Uncertain tax position reserve adjustment	(1)		(40)		—		8		(1)		(43)		—		(6)



Tax impact of divestitures (3)	—		—		1		39		—		—		2		122
Other	(1)		(19)		—		(14)		—		12		—		(1)
Income and mining tax expense (benefit)	32	%	$	952	35	%	$	1,092	31	%	$	2,356	31	%	$	1,739

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(1)Tax rates may not recalculate due to rounding.

(2)Includes impact of increase in corporate tax rate at Ghana from 32.5% to 35% effective January 1, 2026, as a result of the expiration of the Revised Investment Agreement.

(3)Refer to Note 3 for information on the Company's divestitures.