Discontinued — last reported Q4 '24
Cerro Negro — Impairment charges (Note 7)
Newmont Cerro Negro — Impairment charges (Note 7) remained flat by 0.0% to $500.00K in Q4 2024 compared to the prior quarter. Year-over-year, this metric declined by 60.0%, from $1.25M to $500.00K. Over 3 years (FY 2021 to FY 2024), Cerro Negro — Impairment charges (Note 7) shows a downward trend with a -12.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests deteriorating asset performance or unfavorable changes in market conditions for the specific mining site.
Detailed definition
Represents non-cash charges recognized when the carrying amount of an asset group within a specific mining operation exc...
Peer comparison
Commonly reported by mining peers as 'Asset Impairment' or 'Write-downs' under GAAP/IFRS standards.
nem_segment_cerro_negro_impairment_charges_note_7Historical Data
| FY'21 | FY'22 | FY'23 | FY'24 | |
|---|---|---|---|---|
| Value | $3.00M | $459.00M | $5.00M | $2.00M |
| YoY Change | — | >999% | -98.9% | -60.0% |
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Frequently Asked Questions
- What is Newmont's cerro negro — impairment charges (note 7)?
- Newmont (NEM) reported cerro negro — impairment charges (note 7) of $500.00K in Q4 2024.
- How has Newmont's cerro negro — impairment charges (note 7) changed year-over-year?
- Newmont's cerro negro — impairment charges (note 7) decreased by 60.0% year-over-year, from $1.25M to $500.00K.
- What is the long-term trend for Newmont's cerro negro — impairment charges (note 7)?
- Over 3 years (2021 to 2024), Newmont's cerro negro — impairment charges (note 7) has grown at a -12.6% compound annual growth rate (CAGR), from $3.00M to $2.00M.
- What does cerro negro — impairment charges (note 7) mean?
- A non-cash expense recorded when the value of a mining segment's assets is determined to be lower than their current book value.