v3.26.1
SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2026
Operating segments [Abstract]  
Schedules of segment information Consolidated Statement of Income Information
 
 
Cost of Sales
 
 
 
For the three months ended
June 30, 2026
Revenue
Site operating
costs, royalties and
community relations
Depreciation
Exploration,
evaluation and
project expenses
Other expenses
(income)1
Segment income
Carlin2
$1,250
$405
$119
$—
$3
$723
Cortez2
742
290
91
2
2
357
Turquoise Ridge2
590
179
42
—
(1)
370
Pueblo Viejo2
802
218
86
2
3
493
Loulo-Gounkoto2,3
481
213
41
—
39
188
Kibali4
314
99
34
—
7
174
Lumwana
505
209
71
—
3
222
North Mara2
194
94
23
—
5
72
Bulyanhulu2
237
79
21
—
1
136
Reportable segment total
$5,115
$1,786
$528
$4
$62
$2,735
Other Mines2
457
146
53
3
1
254
Share of equity investees4
(314)
(99)
(34)
—
(7)
(174)
Segment total
$5,258
$1,833
$547
$7
$56
$2,815
Consolidated Statement of Income Information
  
  
Cost of Sales
  
  
  
For the three months ended
June 30, 2025
Revenue
Site operating
costs, royalties and
community relations
Depreciation
Exploration,
evaluation and
project expenses
Other expenses
(income)1
Segment income
(loss)
Carlin2
$898
$361
$68
$4
$1
$464
Cortez2
579
232
62
1
2
282
Turquoise Ridge2
410
172
44
—
(5)
199
Pueblo Viejo2
517
190
77
—
3
247
Loulo-Gounkoto2,3
—
—
8
—
63
(71)
Kibali4
226
76
32
—
29
89
Lumwana
340
125
69
—
2
144
North Mara2
201
65
19
—
11
106
Bulyanhulu2
133
50
14
—
2
67
Reportable segment total
$3,304
$1,271
$393
$5
$108
$1,527
Other Mines2
610
242
65
1
9
293
Share of equity investees4
(226)
(76)
(32)
—
(29)
(89)
Segment total
$3,688
$1,437
$426
$6
$88
$1,731
Consolidated Statement of Income Information
 
 
Cost of Sales
 
 
 
For the six months ended
June 30, 2026
Revenue
Site operating
costs, royalties and
community relations
Depreciation
Exploration,
evaluation and
project expenses
Other expenses
(income)1
Segment income
Carlin2
$2,649
$785
$244
$1
$4
$1,615
Cortez2
1,461
521
172
2
3
763
Turquoise Ridge2
1,362
339
89
—
(7)
941
Pueblo Viejo2
1,471
384
153
3
6
925
Loulo-Gounkoto2,3
907
416
79
—
60
352
Kibali4
656
198
67
—
19
372
Lumwana
852
383
114
—
9
346
North Mara2
412
172
44
—
8
188
Bulyanhulu2
459
147
39
—
3
270
Reportable segment total
$10,229
$3,345
$1,001
$6
$105
$5,772
Other Mines2
958
282
104
4
1
567
Share of equity investees4
(656)
(198)
(67)
—
(19)
(372)
Segment total
$10,531
$3,429
$1,038
$10
$87
$5,967
Consolidated Statement of Income Information
 
 
Cost of Sales
 
 
 
For the six months ended
June 30, 2025
Revenue
Site operating
costs, royalties and
community relations
Depreciation
Exploration,
evaluation and
project expenses
Other expenses
(income)1
Segment income
(loss)
Carlin2
$1,576
$700
$130
$5
$4
$737
Cortez2
1,035
416
119
3
4
493
Turquoise Ridge2
774
328
91
—
(4)
359
Pueblo Viejo2
894
352
152
1
6
383
Loulo-Gounkoto2,3
—
—
14
1
142
(157)
Kibali4
418
157
64
—
36
161
Lumwana
645
273
129
—
4
239
North Mara2
436
146
40
—
14
236
Bulyanhulu2
279
111
30
—
4
134
Reportable segment total
$6,057
$2,483
$769
$10
$210
$2,585
Other Mines2
1,193
479
123
3
12
576
Share of equity investees4
(418)
(157)
(64)
—
(36)
(161)
Segment total
$6,832
$2,805
$828
$13
$186
$3,000
1Includes accretion expense, which is included within finance costs in the consolidated statement of income. For Q2 2026, accretion expense was $11 million (Q2
2025: $12 million) and for YTD 2026, accretion expense was $23 million (YTD 2025: $26 million).
2Includes non-controlling interest portion of revenues, cost of sales and segment income (loss) for Q2 2026 for Nevada Gold Mines $1,089 million, $474 million,
$613 million (Q2 2025: $795 million, $398 million, $396 million), Pueblo Viejo $338 million, $122 million, $215 million (Q2 2025: $210 million, $108 million, $102
million), Loulo-Gounkoto $96 million, $51 million, $39 million (Q2 2025: $nil, $2 million, $(12) million), North Mara and Bulyanhulu $69 million, $34 million, $33
million (Q2 2025: $53 million, $23 million, $30 million), and Tongon $nil, $nil, $nil (Q2 2025: $10 million, $8 million, $3 million), and for YTD 2026 for Nevada Gold
Mines $2,291 million, $902 million, $1,386 million (YTD 2025: $1,439 million, $753 million, $680 million), Pueblo Viejo $613 million, $216 million, $395 million (YTD
2025: $359 million, $203 million, $156 million), Loulo-Gounkoto $181 million, $99 million, $72 million (YTD 2025: $nil, $3 million, $(29) million), North Mara and
Bulyanhulu $139 million, $64 million, $73 million (YTD 2025: $114 million, $52 million, $61 million), and Tongon $nil, $nil, $nil (YTD 2025: $20 million, $15 million,
$5 million), respectively.
3For Q2 2026 and YTD 2026, segment income for Loulo-Gounkoto excludes other expenses relating to additional royalties, penalties and interest paid to the
Government of Mali due to the retrospective application of the 2023 Mining Code to 2024 and 2025.  Refer to note 9 for further details.
4Our 45% share of Kibali is accounted for using the equity method.
Reconciliation of Segment Income to Income Before Income Taxes
  
For the three months ended
June 30
For the six months ended
June 30
  
2026
2025
2026
2025
Reportable segment income
$2,735
$1,527
$5,772
$2,585
Segment income from Other Mines
254
293
567
576
Share of equity investees in reportable segment income
(174)
(89)
(372)
(161)
Other revenue
34
(7)
(21)
(21)
Other cost of sales/amortization
(15)
(15)
(27)
(30)
Exploration, evaluation and project expenses not attributable to segments
(127)
(76)
(240)
(123)
General and administrative expenses
(31)
(39)
(70)
(81)
Other income (expense) not attributable to segments
(164)
(276)
(141)
(362)
Impairment charges
1
—
1
(4)
Loss on currency translation
(14)
2
(34)
—
Closed mine rehabilitation
(15)
8
(12)
(11)
Income from equity investees
155
77
471
144
Finance costs, net (includes non-segment accretion)
(15)
(46)
(42)
(94)
Loss on non-hedge derivatives
—
(1)
—
(1)
Income before income taxes
$2,624
$1,358
$5,852
$2,417
 Capital Expenditures Information
Segment capital expenditures1
 
For the three months ended
June 30
For the six months ended
June 30
  
2026
2025
2026
2025
Carlin
$197
$156
$381
$360
Cortez
121
119
237
219
Turquoise Ridge
40
27
68
48
Pueblo Viejo
118
84
233
171
Loulo-Gounkoto
37
5
37
23
Kibali
60
33
100
67
Lumwana
243
183
407
253
North Mara
63
53
113
93
Bulyanhulu
51
36
92
74
Other Mines
32
71
79
142
Segment total
$962
$767
$1,747
$1,450
Other items not allocated to segments
319
244
635
368
Total
$1,281
$1,011
$2,382
$1,818
Share of equity investees
(60)
(33)
(100)
(67)
Total
$1,221
$978
$2,282
$1,751
1Segment capital expenditures are presented for internal management reporting purposes on an accrual basis. Capital expenditures in the Consolidated
Statements of Cash Flow are presented on a cash basis. For Q2 2026, cash expenditures were $1,189 million (Q2 2025: $934 million) and the increase in accrued
expenditures was $32 million (Q2 2025: $44 million increase). For YTD 2026, cash expenditures were $2,168 million (YTD 2025: $1,771 million) and the increase
in accrued expenditures was $114 million (YTD 2025: $20 million decrease).