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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2024
Intangible assets and goodwill [abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
a) Intangible Assets
Water rights1
Technology2
Exploration potential3
 Total
Opening balance January 1, 2023 $61  $6  $82  $149 
Amortization and impairment losses —  —  —  — 
Closing balance December 31, 2023 $61  $6  $82  $149 
Amortization and impairment losses —  (1) —  (1)
Closing balance December 31, 2024 $61  $5  $82  $148 
Cost $61  $17  $252  $330 
Accumulated amortization and impairment losses —  (12) (170) (182)
Net carrying amount December 31, 2024 $61  $5  $82  $148 
1Relates to water rights in South America, and will be amortized through cost of sales when we begin using these in the future.
2The amount is amortized through cost of sales using the UOP method over LOM ounces of the Pueblo Viejo mine, with no assumed residual value.
3Exploration potential consists of the estimated fair value attributable to exploration licenses acquired as a result of a business combination or asset acquisition. The carrying value of the licenses will be transferred to PP&E when the development of attributable mineral resources commences.
 
b) Goodwill
Closing balance December 31, 2023 Impairments Closing balance December 31, 2024
Carlin $1,294  $—  $1,294 
Cortez 899  —  899 
Turquoise Ridge 722  —  722 
Phoenix 119  —  119 
Hemlo 63  —  63 
Loulo-Gounkoto 484  (484) — 
Total $3,581  ($484) $3,097 
On a total basis, the gross amount and accumulated impairment losses are as follows:
Cost $12,211 
Accumulated impairment losses December 31, 2024 (9,114)
Net carrying amount December 31, 2024 $3,097