Discontinued — last reported Q4 '24
Peñasquito — Impairment charges (Note 7)
Newmont Peñasquito — Impairment charges (Note 7) remained flat by 0.0% to $4.75M in Q4 2024 compared to the prior quarter. Year-over-year, this metric declined by 98.5%, from $307.75M to $4.75M. Over 3 years (FY 2021 to FY 2024), Peñasquito — Impairment charges (Note 7) shows an upward trend with a 166.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase indicates a loss of value in the asset, signaling potential operational, geological, or market-related headwinds for that specific site.
Detailed definition
This metric represents non-cash charges recognized when the carrying value of an asset or asset group within a specific...
Peer comparison
Commonly reported by mining peers as 'Asset Impairment' or 'Write-downs' under IFRS or GAAP standards.
nem_segment_pen_asquito_impairment_charges_note_7Historical Data
| FY'21 | FY'22 | FY'23 | FY'24 | |
|---|---|---|---|---|
| Value | $1.00M | $4.00M | $1.23B | $19.00M |
| YoY Change | — | +300.0% | >999% | -98.5% |
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Frequently Asked Questions
- What is Newmont's peñasquito — impairment charges (note 7)?
- Newmont (NEM) reported peñasquito — impairment charges (note 7) of $4.75M in Q4 2024.
- How has Newmont's peñasquito — impairment charges (note 7) changed year-over-year?
- Newmont's peñasquito — impairment charges (note 7) decreased by 98.5% year-over-year, from $307.75M to $4.75M.
- What is the long-term trend for Newmont's peñasquito — impairment charges (note 7)?
- Over 3 years (2021 to 2024), Newmont's peñasquito — impairment charges (note 7) has grown at a 166.8% compound annual growth rate (CAGR), from $1.00M to $19.00M.
- What does peñasquito — impairment charges (note 7) mean?
- A non-cash charge reflecting a reduction in the estimated value of a specific mining operation's assets.