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NEM » Topics » NOTE 5 WRITE-DOWNS

These excerpts taken from the NEM 10-K filed Feb 21, 2008.

NOTE 5    WRITE-DOWNS

Write-down of investments totaled $46 in 2007, primarily related to the impairment of investments in Shore Gold Inc. and Gabriel Resources Ltd.

 

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NEWMONT MINING CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

 

Write-down of long-lived and other assets totaled $4, $3 and $41 for 2007, 2006 and 2005, respectively. The 2007 write-down was primarily related to tenements in Australia. The 2006 write-down was primarily related to equipment. The 2005 write-down was primarily related to the Martabe exploration project in Indonesia and exploration tenements in Australia.

NOTE 5    WRITE-DOWNS

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Write-down of investments totaled $46 in 2007, primarily related to the impairment of investments in Shore Gold Inc. and Gabriel Resources Ltd.

 


99






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NEWMONT MINING CORPORATION

ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(dollars in
millions, except per share, per ounce and per pound amounts)

 


Write-down of long-lived and other assets totaled $4, $3 and $41 for 2007, 2006 and 2005,
respectively. The 2007 write-down was primarily related to tenements in Australia. The 2006 write-down was primarily related to equipment. The 2005 write-down was primarily related to the Martabe exploration project in Indonesia and exploration
tenements in Australia.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 21, 2008

RELATED TOPICS for NEM:

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