• Newmont average operating margin for 2023 was -5.12%, a 178.65% decline from 2022.
• Newmont average operating margin for 2022 was 6.51%, a 71.17% decline from 2021.
• Newmont average operating margin for 2021 was 22.58%, a 16.69% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.