Newmont Delivers on First Quarter 2023 Expectations, Remains on Track to Achieve Full Year Guidance; Declares $0.40 First Quarter Dividend

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[{"type":"text","content":"DENVER / Apr 27, 2023 / Business Wire / Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced first quarter 2023 results and declared a first quarter dividend of $0.40 per share. Delivered First Quarter Production as Expected; Improving Production in Second Quarter* Produced 1.27 million gold ounces and 288 thousand co-product gold equivalent ounces (GEOs)** from copper, silver, lead and zinc Reported gold Costs Applicable to Sales (CAS) of $1,025 per ounce and gold All-In Sustaining Costs (AISC) of $1,376 per ounce***; impacted by lower production volumes and continued global cost pressures; costs expected to decrease throughout the year On track to achieve full-year guidance of between 5.7 and 6.3 million ounces of attributable gold production with Gold AISC between $1,150 and $1,250 per ounce Generated $481 million of cash from continuing operations and reported $(45) million of Free Cash Flow***; impacted by lower production volumes, timing of working capital changes and higher capital spend Reported Net Income of $363 million, with Adjusted Net Income (ANI)*** of $0.40 per share and Adjusted EBITDA*** of $990 million; lower production volumes offset by higher realized gold prices Ended the quarter with $2.7 billion of consolidated cash, $797 million of short-term time deposits and $6.5 billion of liquidity; reported net debt to adjusted EBITDA ratio of 0.6x*** Sold common shares of Triple Flag Precious Metals Corporation for $179 million, further optimizing Newmont's equity portfolio acquired with the Goldcorp transaction in 2019 Published 19th Annual Sustainability Report and 2nd Annual Taxes and Royalties Contribution Report, providing a transparent review of Newmont's ESG performance and an overview of Newmont's tax strategy and economic contributions First Quarter Dividend Declared Within Established Framework**** Board of Directors declared a dividend of $0.40 per share of common stock for the first quarter of 2023, payable on June 15, 2023 to holders of record at the close of business on June 1, 2023 Annualized dividend payout range for 2023 of $1.40 to $1.80 per share****; subject to quarterly approval by Board of Directors Based on a sustainable base dividend of $1.00 per share payable at base reserves price and an incremental dividend payout of $0.60 per share; Q1 2023 dividend payout c...

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