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DEFERRED INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2023
Income tax [Abstract]  
Schedules of deferred income tax assets and liabilities
Sources of Deferred Income Tax Assets and Liabilities
As at December 31, 2023 As at December 31, 2022
Deferred tax assets
Tax loss carryforwards $292  $307 
Tax credits 58  — 
Environmental rehabilitation 270  205 
Post-retirement benefit obligations and other employee benefits 17  31 
Other working capital 115  85 
Other 10  10 
$762  $638 
Deferred tax liabilities
Property, plant and equipment (3,748) (3,476)
Inventory (446) (389)
Accrued interest payable (7) (1)
($3,439) ($3,228)
Classification:    
Non-current assets $—  $19 
Non-current liabilities (3,439) (3,247)
($3,439) ($3,228)
Expiry Dates of Tax Losses
2024 2025 2026 2027 2028+ No expiry date Total
Non-capital tax losses1
Barbados $212  $218  $2  $119  $10  $—  $561 
Canada 2  1  69  2,133  —  2,205 
Chile —  —  —  —  —  1,048  1,048 
Peru —  —  —  —  —  100  100 
Saudi Arabia —  —  —  —  —  330  330 
Tanzania —  —  —  —  —  1,108  1,108 
United Kingdom —  —  —  —  —  165  165 
Others 1  1  1  36  62  45  146 
$213  $221  $4  $224  $2,205  $2,796  $5,663 
1Represents the gross amount of tax loss carryforwards translated at closing exchange rates at December 31, 2023.
Deferred Tax Assets Not Recognized
As at December 31, 2023 As at December 31, 2022
Argentina $—  $154 
Australia 303  306 
Barbados 31  53 
Canada 904  954 
Chile 1,109  1,084 
Côte d'Ivoire 8  6 
Mali 10  9 
Peru 67  65 
Saudi Arabia 67  65 
Tanzania 110  109 
United Kingdom 41  22 
United States 26  15 
Others 12  4 
$2,688  $2,846 
Source of Changes in Deferred Tax Balances
For the years ended December 31 2023 2022
Temporary differences
Property, plant and equipment ($272) $80 
Environmental rehabilitation 64  (56)
Tax loss carryforwards (14) (23)
AMT and other tax credits 58  (10)
Inventory (58) 27 
Other 11  18 
($211) $36 
Intraperiod allocation to:
Income before income taxes ($181) $41 
Derecognition of Porgera´s joint operation (29) — 
Income tax payable 2  (2)
Other comprehensive income (3) (5)
Other —  2 
  ($211) $36 
Income Tax Related Contingent Liabilities
2023 2022
At January 1 $60  $257 
Additions based on uncertain tax positions related to prior years 1  1 
Additions based on uncertain tax positions related to the current year 5  7 
Reductions for tax positions of prior years (18) (45)
Reclassifications1
 —  (160)
At December 312
 $48  $60 
1Following the full implementation of the Framework Agreement in Tanzania, the agreed payment obligations are shown in current and long-term income tax payables.
2If reversed, the total amount of $48 million would be recognized as a benefit to income taxes on the income statement, and therefore would impact the reported effective tax rate.
Schedule of tax years still under examination
Tax Years Still Under Examination
Argentina 2010-2011, 2016-2023
Australia 2019-2023
Canada 2016-2023
Chile 2015-2023
Côte d'Ivoire 2020-2023
Democratic Republic of Congo 2022-2023
Dominican Republic 2020-2023
Mali 2017-2023
Papua New Guinea 2023
Peru 2018-2023
Saudi Arabia 2019-2023
Tanzania 2018-2023
United States 2023
Zambia 2018-2023