The company ended 2020 with $3.37 billion of current debt and $5.54 billion in cash. It also has $5.48 billion of long-term debt and total liabilities of $17.49 billion.

Its future debt maturities include $492 million in 2022, $414 million in 2023 and $4,624 million maturing at various times after 2023.

Recent years have seen the company prioritise shareholder returns over clearing debt. It delivered over $2.7 billion to shareholders through dividends and share buybacks in 2019 and 2020.

Newmont's debt load jumped from under $10 billion in 2019 to more than $16 billion following the acquisition of Goldcorp. Its total liabilities peaked at $18.3 billion in the third quarter of 2019 and reached a low of $16.91 billion in the second quarter of 2020.

Shares in Newmont are trading at $58.18, valuing the company at $46.6 billion.