Slide 1: Investor Presentation August 2025
Investor Presentation AUGUST 2025 INVESTOR PRESENTATION – AUGUST 2025 NEWMONT CORPORATION 1
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: Q2 2025 Performance
Q2 2025 Performance INVESTOR PRESENTATION – AUGUST 2025 NEWMONT CORPORATION 3
Slide 4: Q2 2025 Highlights
Q2 2025 Highlights Remain on Track to Deliver on Full-Year Commitments SAFETY CULTURE STABLE OPERATIONS CAPITAL RETURNS Successfully cascaded Always Safe Delivered 1.5Moz of gold and Returned $1.0B to shareholders throughout organization 36kt of copper* and retired $372M of debt*** Published 2024 Su
Slide 5: Second Quarter Portfolio Performance
Second Quarter Portfolio Performance Focused on Safe Operations and Meeting Guidance Commitments Strong H1 2025 production driven by Strong H1 2025 production driven by higher gold and copper grades from Delivered consistent ounces through H1 higher gold grades from the Peñasco underground 202
Slide 6: Strong Q2 Operational Performance
Strong Q2 Operational Performance Driven by Core Managed Operations Core Managed Operations Core Non-Managed Operations Total Core Portfolio ATTRIBUTABLE GOLD PRODUCTION* 1,124Koz 340Koz 1,464Koz Higher-than-Expected Grades at Cadia and Peñasquito GOLD CAS Co-Product/By-Product $1,154/oz / $789/oz $
Slide 7: On Track to Meet 2025 Guidance
On Track to Meet 2025 Guidance* CORE PORTFOLIO (+/- 5%) GUIDANCE PERFORMANCE DRIVERS Gold Production** 5.6Moz Delivered stronger gold grades at Cadia and Peñasquito in H1 2025 Gold CAS $1,180/oz Remain focused on cost discipline and productivity enhancements Gold AISC* $1,620/oz CAS/oz, sustaining c
Slide 8: Q2 2025 Financial Performance
Q2 2025 Financial Performance Remain on Track to Deliver on Full-Year Commitments ADJUSTED GAAP ADJUSTED NET AVERAGE REALIZED EBITDA* NET INCOME INCOME* GOLD PRICE $3.0B $1.85/sh. $1.43/sh. $3,320/oz CASH FROM FREE CASH & CASH GOLD ALL-IN OPERATIONS CASH FLOW* EQUIVALENTS SUSTAINING COST* $2.4B $1.7
Slide 9: Shareholder-Focused Capital Allocation Strategy
Shareholder-Focused Capital Allocation Strategy H1 2025 TARGETS Cash $6.2B Maintaining financial flexibility with cash above $3.0B target Achieved target of up to $8.0B, with $1.4B of debt retired in 2025; STRONG & FLEXIBLE BALANCE SHEET Debt* $7.4B evaluating further reduction opportunities Sustain
Slide 10: Leveraging Portfolio Strength
Leveraging Portfolio Strength Remain on track to achieve 2025 guidance with second quarter results in line with indications Generated record free cash flow from stable operational performance Continued to reduce debt and returned capital to shareholders through a predictable dividend and ongoing sha
Slide 11: World-Class Portfolio
World-Class Portfolio INVESTOR PRESENTATION – AUGUST 2025 NEWMONT CORPORATION 11
Slide 12: Unparalleled Assets in Top Mining Jurisdictions
Unparalleled Assets in Top Mining Jurisdictions MANAGED OPERATIONS ASIA PACIFIC Lihir NORTH AMERICA 11 Boddington Brucejack Located in the world’s most favorable Cadia mining jurisdictions Red Chris Cadia Panel Caves Nevada Gold Mines JV* Tanami Tanami Expansion 2 PROJECTS IN EXECUTION 3 LATIN AMERI
Slide 13: Robust Gold & Copper Reserves and Resources
Robust Gold & Copper Reserves and Resources Ghana 7% North America Asia Pacific 15% 37% Asia Pacific 46% North America 24% GOLD COPPER 134 Moz Reserves 14 Mt Reserves + + 170 Moz Resources * 25 Mt Resources * Latin America Latin America 32% 39% Raised Reserve Pricing to $1,700/oz, 17% Below the 3 Ye
Slide 14: Non-Core Divestiture Program
Non-Core Divestiture Program Up to $3.8B in Total Gross Proceeds, Including >$3.0B in Cash* CASH PROCEEDS AT CLOSE* ADDITIONAL PROCEEDS TIMING OF CLOSE Greatland shares, valued at $168M upon transaction announcement TELFER** Western Australia $219M $241M in expected net cash proceeds from sale of 50
Slide 15: Sustainability
Sustainability INVESTOR PRESENTATION – AUGUST 2025 NEWMONT CORPORATION 15
Slide 16: Recognized Commitment to Sustainability
Recognized Commitment to Sustainability S&P GLOBAL CSA SUSTAINALYTICS TRANSPARENCY CLIMATE 99% 26 #1 A- Percentile ranking global ESG Risk Rating measures exposure and Most transparent company in S&P 500; CDP Climate score reflective metals and mining sector management of material ESG risks* Bloombe
Slide 17: Significant Milestones in Our Sustainability Journey
Significant Milestones in Our Sustainability Journey 2001 2004 2007 2013 2016 2020 Founding member of Established Safety & Appointed Adopted Conflict-Free Sustainability and Implementing Global ICMM Sustainability Board Company’s first Chief Gold Standard safety targets Industry Standard on committe
Slide 18: 2025 Environmental and Social Targets
2025 Environmental and Social Targets 1 Committed to Safety, Human Rights, Value Sharing, and Environmental Stewardship ENVIRONMENTAL TARGETS SOCIAL TARGETS 2 Climate Safety • To achieve the following by 2030*: • Zero fatalities 1. Reduce absolute GHG emissions (Scope 1 and 2) by 32% Community Compl
Slide 19: Operating Sites
Operating Sites INVESTOR PRESENTATION – AUGUST 2025 NEWMONT CORPORATION 19
Slide 20: Boddington: Site Facts
Boddington: Site Facts Open Pit Gold-Copper Mine in Western Australia 16km from the rural farming town of Boddington and 130km LOCATION from Western Australia’s capital city, Perth 16 Year Reserve Life with upside from Resources and Exploration RESERVES & 10.8Moz Gold Reserves 4.3Moz Gold Resources
Slide 21: Tanami: Site Facts
Tanami: Site Facts Underground Mine in the Northern Territory of Australia In the remote Tanami Desert of Australia, 550 km northwest of LOCATION Alice Springs in the Northern Territory of Australia RESERVES & 12 Year Reserve Life with upside from Resources and Exploration RESOURCES* 5.1Moz Gold Res
Slide 22: Cadia: Site Facts
Cadia: Site Facts One of the World’s Largest Gold-Copper Mines LOCATION 25km from the city of Orange in New South Wales, Australia 35 Year Reserve Life with upside from Resources and Exploration 14.1Moz Gold Reserves 19.5Moz Gold Resources RESERVES & 3.1Mt Copper Reserves 4.2Mt Copper Resources RESO
Slide 23: Lihir: Site Facts
Lihir: Site Facts World-Class Gold Mine in Papua New Guinea Geothermally active extinct volcanic crater on Niolam Island, LOCATION located 900km from Port Moresby in Papua New Guinea 16 Year Reserve Life with upside from Resources and Exploration RESERVES & RESOURCES* 15.8Moz Gold Reserves 20.4Moz G
Slide 24: Ahafo Complex: Site Facts
Ahafo Complex: Site Facts Setting the Benchmark for Mine Development and District Expansion Ahafo South is located approximately 290km northwest of Accra, LOCATION the capital city of Ghana; the Ahafo North project is located about 30km from the Ahafo South operation AHAFO SOUTH AHAFO NORTH RESERVES
Slide 25: Peñasquito: Site Facts
Peñasquito: Site Facts Polymetallic Mine in Mexico with Gold, Silver, Lead, and Zinc Production LOCATION 200km northeast of the city of Zacatecas in Mexico 8 Year Reserve Life with upside from Resources and Exploration RESERVES & 4.1Moz Gold Reserves 1.7Moz Gold Resources 253.3Moz Silver Reserves RE
Slide 26: Cerro Negro: Site Facts
Cerro Negro: Site Facts Emerging World Class Asset in Argentina 600 meters above sea level on the low Patagonian plains in LOCATION southern Argentina 11 Year Reserve Life with upside from Resources and Exploration RESERVES & 3.2Moz Gold Reserves 1.7Moz Gold Resources RESOURCES* 21.4Moz Silver Reser
Slide 27: Yanacocha: Site Facts
Yanacocha: Site Facts 30+ Year History of Profitable Production in Peru In the province and department of Cajamarca, about 800km LOCATION northeast of Lima in Peru 22 Year Reserve Life with upside from Resources and Exploration RESERVES & 5.3Moz Gold Reserves 8.2Moz Gold Resources RESOURCES* 700kt C
Slide 28: Merian: Site Facts
Merian: Site Facts Emerging World Class Asset in Suriname Approximately 66km south of the town of Moengo and 30km LOCATION north of the Nassau Mountains near the French Guiana RESERVES & 18 Year Reserve Life with upside from Resources and Exploration RESOURCES* 4.1Moz Gold Reserves 4.2Moz Gold Resou
Slide 29: Brucejack: Site Facts
Brucejack: Site Facts Located in British Columbia’s Golden Triangle Approximately 950km Northwest of Vancouver in the Golden LOCATION Triangle of British Columbia in Canada 7 Year Reserve Life with upside from Resources and Exploration RESERVES & 1.9Moz Gold Reserves 3.7Moz Gold Resources RESOURCES*
Slide 30: Red Chris: Site Facts
Red Chris: Site Facts Located in British Columbia’s Golden Triangle Approximately 80km south of Dease Lake in the Golden Triangle LOCATION of British Columbia in Canada 26 Year Reserve Life with upside from Resources and Exploration RESERVES & 3.7Moz Gold Reserves 4.4Moz Gold Resources RESOURCES* 1.
Slide 31: Nevada Joint Venture Processes
Nevada Joint Venture Processes For contributing excluded assets Four Mile (Barrick), Fiberline (Newmont) and Mike (Newmont): Party that owns asset has obligation to contribute upon completion of successful Feasibility Study, which requires a project IRR of at least 15% Feasibility Study must be
Slide 32: Appendix
Appendix
Slide 33: Underpinned by Robust Gold Reserves
Underpinned by Robust Gold Reserves PROVEN & PROBABLE GOLD RESERVES (Moz) 200 Raised reserve pricing to $1,700/oz Cost escalation assumptions updated to reflect current macroeconomic environment 175 Additions primarily from drilling 150 7.0 2.9 (3.9) 125 135.9 (7.8) 134.1 (8.8) 125.3 Revisio
Slide 34: Steady Production Driven by Managed Operations
Steady Production Driven by Managed Operations ATTRIBUTABLE GOLD PRODUCTION FROM CORE PORTFOLIO (koz)** Injection leaching at Yanacocha 6,400 Outperformance driven by strong grades from Strong grades Peñasquito Cadia, Ahafo, and Peñasquito Higher production from Nevada Gold Mines and Pueblo
Slide 35: Focused on Reducing Unit Costs Beyond 2025
Focused on Reducing Unit Costs Beyond 2025 GOLD ALL-IN SUSTAINING COSTS FROM CORE PORTFOLIO (koz)** $2,100 Higher sustaining capital at Nevada Gold Mines and Merian Lower sales volume from Cadia, Ahafo, Boddington, and Tanami Higher costs for contracted services, primarily at Lihir Higher su
Slide 36: Direct Operating Costs by Category
Direct Operating Costs by Category* Newmont’s Core Portfolio 3% Other 8% 4% Chemicals, Other 25% 5% Reagents, & 7% Newmont Liners & Explosives Diesel Employees Wear Parts 50% 30% 15% Materials & Fuel & Energy Labor Costs Consumables Costs 25% 7% 7% Contracted Consumables Maintenance Services Parts 4
Slide 37: Basis for 2025 Guidance
Basis for 2025 Guidance PRICING ASSUMPTIONS AND SENSITIVITIES (as of February 20, 2025) ASSUMPTION CHANGE (-/+) REVENUE IMPACTS ($M)*** Gold ($/oz)* $2,500 $100 $517 Copper ($/tonne)** $9,370 $550 $65 Silver ($/oz) $30.00 $1.00 $25 Lead ($/tonne)** $2,094 $220 $20 Zinc ($/tonne)** $2,756 $220 $50 AS
Slide 38: Stable & Disciplined 2025 Guidance
Stable & Disciplined 2025 Guidance* Driving Safety, Cost, & Productivity Improvements MANAGED NON-MANAGED TOTAL CORE As of February 20, 2025 OPERATIONS OPERATIONS*** PORTFOLIO Gold Production** 4.2Moz 1.4Moz 5.6Moz Gold CAS $1,170/oz $1,240/oz $1,180/oz Gold AISC* $1,630/oz $1,555/oz $1,620/oz Susta
Slide 39: 2025 Consolidated Expense and Capital Guidance
2025 Consolidated Expense and Capital Guidance GUIDANCE METRIC (+/-5%) 2025E Sustaining Capital ($M) Managed Core Portfolio $1,530 Non-Managed Core Portfolio $270 Total Core Portfolio $1,800 Non-Core Assets* $66 Total Newmont Sustaining Capital* $1,866 Development Capital ($M) Managed Core Portfolio
Slide 40: 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 gain on the divestments of certain n
Slide 41: 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 gain on the sales of certain non-core assets in 2025 and 2025 2024 2025 2024 t
Slide 42: Free cash flow
Free cash flow The following table sets forth a reconciliation of Free cash flow 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 regarding Net cash provided by (used
Slide 43: Costs Applicable to Sales
Costs Applicable to Sales Costs applicable to sales per ounce/gold equivalent ounce are calculated by dividing the costs applicable to sales of gold and other metals by gold ounces or gold equivalent ounces sold, respectively. These measures are calculated for the periods presented on a consolidated
Slide 44: 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 45: 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 46: Gold All-in Sustaining Costs - 2025 Guidance
Gold All-in Sustaining Costs - 2025 Guidance A reconciliation of the 2025 Gold AISC guidance to the 2025 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 47: 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, 2025, filed on July 24, 2025. Investors are reminded that expectations regarding outlook and guidance, including future financial results, o
Slide 48: Endnotes
Endnotes All-in Sustaining Cost. AISC or All-in sustaining cost is a non-GAAP metric. AISC as used in the Company’s outlook is a forward-looking statement and is therefore subject to uncertainties. AISC a non-GAAP metric defined as the sum of cost applicable to sales (including all direct and indire
Slide 49: Investor Relations Contact
INVESTOR RELATIONS CONTACT EMAIL: Investor.Relations@newmont.com PHONE: +1 (303) 837-5002 INVESTOR PRESENTATION – AUGUST 2025 NEWMONT CORPORATION 49