NEMNewmont

Materials · Gold Mining · NYSE, OTC

Headquarters: Denver, CO
CEO: Natascha Viljoen
Next results: around Feb 18, 2027

What the 10-K filed 2026-02-19 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-02-21.

Big customers

Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).

No specific sentence about this in the 10-K.

Key suppliers

Parts or manufacturing that depend on one or a few suppliers.

No specific sentence about this in the 10-K.

Lawsuits and legal claims

4 new

Pending cases, settlements and what the company has set aside for them.

New “(9)Primarily consists of litigation expenses and other settlements in 2025, wind-down and demobilization costs related to the French Guiana project in 2024, and costs related to additional employee related accruals as a result of the Australian Fair Work legislation in 2023; included in Other expense, net.”
Read it in the 10-K ↗

New “(9)Primarily consists of litigation expenses and other settlements; included in Other expense, net.”
Read it in the 10-K ↗

“Plaintiffs seek unspecified monetary damages and other relief.”
Read it in the 10-K ↗

New “Plaintiffs filed an opposition to that motion on November 4, 2025 and defendants filed a reply brief on December 4, 2025.”
Read it in the 10-K ↗

New “Defendants filed an opposition to that motion on November 12, 2025 and plaintiffs filed a reply brief on November 26, 2025.”
Read it in the 10-K ↗

Guarantees and indemnities

2 new

Promises to pay someone else's debts or losses if they cannot.

New “At December 31, 2025, Newmont USA guaranteed $5,051 of the $5,108 in total Obligor Group external debt.”
Read it in the 10-K ↗

“upon such time as Newmont USA ceases to guarantee more than $75 aggregate principal amount of Newmont’s debt (at December 31, 2025, Newmont USA guaranteed $517 aggregate principal amount of debt of Newmont that did not contain a similar fall-away provision).”
Read it in the 10-K ↗

New “The indemnification consists of a guarantee in which the Company will indemnify SSR for 90% of certain closure costs over $500 related to the Company’s historical mining activities with no limitation to the maximum potential future payments.”
Read it in the 10-K ↗

“At December 31, 2025 and 2024 the Company had letters of credit outstanding in the amounts of $1,139 and $1,034, respectively, of which $1,005 and $900 represented guarantees for reclamation obligations, respectively.”
Read it in the 10-K ↗

“At December 31, 2025 and 2024, there were $1,943 and $2,086, respectively, of outstanding letters of credit, surety bonds, and bank guarantees.”
Read it in the 10-K ↗

Debt covenants

2 new

Conditions in loan agreements that, if broken, can make debt due early.

New “Our senior notes and revolving credit facilities contain various covenants and default provisions including payment defaults, limitations on liens, leases, sales and leaseback agreements, merger restrictions, limiting the sale of all or substantially all of our assets, certain change of control provisions, and a negative pledge on certain assets.”
Read it in the 10-K ↗

“Additionally, the corporate revolving credit facility contains a financial ratio covenant requiring us to maintain a net debt (total debt net of Cash and cash equivalents) to total capitalization ratio of less than or equal to 62.50%.”
Read it in the 10-K ↗

“At December 31, 2025, we were in compliance with all existing debt covenants and provisions related to potential defaults.”
Read it in the 10-K ↗

New “The Company’s senior notes and revolving credit facility contain various covenants and default provisions including payment defaults, limitations on liens, leases, sales and leaseback agreements, merger restrictions, limiting the sale of all or substantially all of the Company’s assets, certain change of control provisions, and a negative pledge on certain assets.”
Read it in the 10-K ↗

“Additionally, the corporate revolving credit facility contains a financial ratio covenant requiring the Company to maintain a net debt (total debt net of cash and cash equivalents) to total capitalization ratio of less than or equal to 62.50%.”
Read it in the 10-K ↗

Commitments off the balance sheet

Contracts the company must pay for later: purchase obligations, take-or-pay deals.

No specific sentence about this in the 10-K.

Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗

Work on NEM in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/NEM/export.csv") into a cell.