Slide 1: Second Quarter 2026 Results
Second Quarter 2026 Results JULY 23, 2026
Slide 2: Cautionary Statement Regarding Forward Looking Statements, Including Guidance Assumptions, and Notes
Cautionary Statement Regarding Forward Looking Statements, Including Guidance Assumptions, and Notes This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended
Slide 3: Key Executive Appointments Position Newmont's Leadership Team for Next Phase of Delivery
Key Executive Appointments Position Newmont’s Leadership Team for Next Phase of Delivery Brian Tabolt Mark Rodgers David Thornton David Fry Executive Vice President & Executive Vice President & Executive Vice President & Executive Vice President, Chief Financial Officer Chief Operating Officer Chief
Slide 4: Q2 2026 Highlights
Q2 2026 Highlights On track to achieve 2026 guidance with strong momentum going into the second half of the year Gold Production1 Free Cash Flow2 Returns to Shareholders3 Adjusted Net Income2 1.3 Moz $2.2 B $1.9 B $2.10 /share 17kt of copper and 7Moz of Generating robust free cash flow Through quart
Slide 5: On Track to Achieve 2026 Guidance
On Track to Achieve 2026 Guidance1 As of February 19, 2026 (+/- 5%) Total Portfolio Performance Drivers Attributable Gold Production2 5.3Moz Maintaining full year guidance and building on strong momentum demonstrated in H1 2026 Gold CAS3 By-Product $1,055/oz Mitigating inflationary impacts through o
Slide 6: Q2 2026 Financial Performance
Q2 2026 Financial Performance Operational excellence continues to drive strong financial results ADJUSTED GAAP ADJUSTED AVERAGE REALIZED EBITDA NET INCOME NET INCOME GOLD PRICE $3.8B $2.06/sh. $2.10/sh. $4,414/oz CASH FROM FREE CASH & CASH GOLD ALL-IN OPERATIONS CASH FLOW EQUIVALENTS SUSTAINING COST
Slide 7: Delivering on Consistent Capital Allocation Framework
Delivering on Consistent Capital Allocation Framework1 Disciplined, sustainable returns through the commodity and investment cycles Q2 2026 TARGETS $1.95B Constant through the cycle Sustaining Capital $438M Expected 2026 Spend On track to meet full year guidance with spend expected to accelerate in
Slide 8: Executing with Discipline, Delivering Results
Executing with Discipline, Delivering Results Well positioned to deliver production growth, strong cash generation and consistent shareholder returns, supported by a world class portfolio and disciplined execution On Track to Achieve 2026 Guidance Stable second quarter production and cost performanc
Slide 9: Appendix
Appendix SECOND QUARTER 2026 RESULTS NEWMONT CORPORATION 9
Slide 10: Second Quarter Portfolio Performance
Second Quarter Portfolio Performance Leveraging a strong foundation to advance near-term production growth ▪ Strong Q2 production driven by higher ▪ Production resumed in mid-June ▪ Continue to ramp up mill for first throughput following recovery from the following successful recovery from full year
Slide 11: Capital Allocation Framework
Capital Allocation Framework1 Disciplined, sustainable returns through the commodity and investment cycles Net Cash from Operations Net cash provided by operations including net changes in working capital (including reclamation spend) ▪ Ongoing investment in world-class portfolio to $1.95B Constant
Slide 12: Direct Operating Costs by Category
Direct Operating Costs by Category1 Percentage breakdown for 2026 remains largely in line with 2025 4% Other 7% 4% Chemicals, Other 25% 6% Reagents, & 6% Newmont Liners & Wear Explosives Diesel Employees Parts 50% 30% 15% Materials & Fuel & Energy Labor Costs Consumables Costs 25% 6% Contracted Main
Slide 13: Basis for 2026 Guidance
Basis for 2026 Guidance Pricing Assumptions and Sensitivities (as of February 19, 2026) Revenue & Cost Assumption Change (-/+) Impacts ($M) (1) Gold ($/oz) $4,500 $100 $505 Australian Dollar $0.70 $0.05 $100 Canadian Dollar $0.75 $0.05 $30 Mexican Peso $17.00 $1.00 $25 Oil ($/bbl Brent) $70.00 $10.0
Slide 14: 2026 Consolidated Expense and Capital Guidance
2026 Consolidated Expense and Capital Guidance (as of February 19, 2026) Guidance Metric (+/-5%) 2026E Sustaining Capital ($M) Managed Portfolio $1,660 Non-Managed Portfolio $290 Total Newmont Sustaining Capital (1)(2) $1,950 Development Capital ($M) Managed Portfolio $1,160 Non-Managed Portfolio $2
Slide 15: Non-GAAP Reconciliations & Endnotes
Non-GAAP Reconciliations & Endnotes SECOND QUARTER 2026 RESULTS NEWMONT CORPORATION 15 15
Slide 16: Gold All-in Sustaining Costs - 2026 Guidance
Gold All-in Sustaining Costs - 2026 Guidance A reconciliation of the 2026 Gold AISC guidance to the 2026 Gold CAS guidance is provided below. The estimates in the table below are considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Slide 17: Free cash flow
Free cash flow The following table sets forth a reconciliation of Free cash flow, a non-GAAP financial measure, to Net cash provided by (used in) operating activities, which the Company believes to be the GAAP financial measure most directly comparable to Free cash flow, as well as information regar
Slide 18: Adjusted net income (loss)
Adjusted net income (loss) Net income (loss) attributable to Newmont stockholders is reconciled to Adjusted net income (loss) as follows: (1) Per share measures may not recalculate due to rounding. Three Months Ended Six Months Ended (2) Primarily consists of the unrealized gains and losses related
Slide 19: All-in Sustaining Costs
All-in Sustaining Costs All-in sustaining costs represent the sum of certain costs, recognized as GAAP financial measures, that management considers to be associated with production. All-in sustaining costs per ounce amounts are calculated by dividing all-in sustaining costs by gold ounces or gold e
Slide 20: All-in Sustaining Costs
All-in Sustaining Costs All-in sustaining costs represent the sum of certain costs, recognized as GAAP financial measures, that management considers to be associated with production. All-in sustaining costs per ounce amounts are calculated by dividing all-in sustaining costs by gold ounces or gold e
Slide 21: EBITDA and Adjusted EBITDA
EBITDA and Adjusted EBITDA Net income (loss) attributable to Newmont stockholders is reconciled to EBITDA and Adjusted EBITDA as follows: Three Months Ended Six Months Ended June 30, June 30, (1) Primarily consists of the unrealized gains and losses related to the Company's marketable equity and oth
Slide 22: Endnotes
Endnotes Investors are encouraged to read the information contained in this presentation in conjunction with Newmont’s Form 10-Q for the quarter ended June 30, 2026, filed on July 23, 2026. Investors are reminded that expectations regarding outlook and guidance, including future financial results, o
Slide 23: Endnotes
Endnotes Adjusted EBITDA. Adjusted EBITDA is a non-GAAP metric. Management uses Earnings before interest, taxes, and depreciation and amortization (“EBITDA”) and EBITDA adjusted for non-core or certain items that have a disproportionate impact on our results for a particular period (“Adjusted EBITDA