Slide 1: Investor Presentation
Investor Presentation CREATING VALUE & IMPROVING LIVES MAY 2023 THROUGH SUSTAINABLE, RESPONSIBLE MINING MAY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 1
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING STATEMENTS 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, which are intended to be covered by the
Slide 3: Additional Information About the Transaction and Where to Find It
ADDITIONAL INFORMATION ABOUT THE TRANSACTION AND WHERE TO FIND I T This presentation is not an offer to purchase or exchange nor a solicitation of an offer to sell securities of Newmont or Newcrest nor the solicitation of any vote or approval in any jurisdiction nor shall there be any such issuance
Slide 4: Acquisition of Newcrest
Acquisition of Newcrest CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING MAY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 4
Slide 5: Newmont Is the World's Leading Gold Company
NEWMONT IS THE WORLD’S LEADING GOLD COMPANY COMMITMENT TO INDUSTRY PROVEN DISCIPLINED CAPITAL LEADING ESG PRACTICES LEADING PORTFOLIO OPERATING MODEL ALLOCATION STRATEGY Creating value and improving lives World-class assets in Experienced leaders with strong Balanced approach to deliver for all stak
Slide 6: Newcrest Acquisition Underpinned by Clear Strategy
NEWCREST ACQUISITION UNDERPINNED BY CLEAR STRATEGY STRATEGIC DRIVERS NEWCREST PORTFOLIO NEWMONT 2050 Responsible Gold Tier 1 Assets & Leading Portfolio of Tier 1 Leadership Projects Assets & Projects Global Megatrends Industry World’s Most Favorable STRATEGIC Australia & Canada Consolidation Mining
Slide 7: Newmont & Newcrest – A Powerful Value Proposition
NEWMONT & NEWCREST – A POWERFUL VALUE PROPOSITION The New World-Class Delivering Driving SUSTAINABILITY STANDARD PORTFOLIO SYNERGIES CAPITAL ALLOCATION The Gold Sector’s Recognized 10 Tier 1 Operations with Proven Track Record of Newmont Committed to Leading Shareholder Sustainability Leader Gold &
Slide 8: Significant Milestones in Our ESG Journey
SIGNIFICANT MILESTONES THE GOLD SECTOR’S IN OUR ESG RECOGNIZEDSUSTAINABILITY JOURNEY JOURNEY SUSTAINABILITY LEADER 2001 2004 2007 2013 2016 2020 Founding member Established Safety Appointed Adopted Conflict-Free Sustainability and Implementing Global of ICMM & Sustainability Company’s first Gold Sta
Slide 9: The Gold Sector's Recognized Sustainability Leader
THE GOLD SECTOR’S RECOGNIZED SUSTAINABILITY LEADER SAM S&P (DJSI) SUSTAINALYTICS TRANSPARENCY CLIMATE 100% Percentile ranking 20 ESG Risk Rating measures exposure and #1 Most transparent company in A- CDP Climate Scores reflective of global metals and mining sector management of material ESG risks*
Slide 10: Portfolio of Tier 1 Assets in Stable Mining Jurisdictions
TIER 1 OPERATIONS WITH GOLD & COPPER EXPOSURE PORTFOLIO OF STABLE MINING DOUBLING COPPER RED CHRIS TIER 1 ASSETS JURISDICTIONS EXPOSURE MUSSELWHITE BRUCEJACK 10 ~80% +50Blbs ÉLÉONORE Tier 1 District Golden Triangle ~2/3 of total gold production from Gold production from the Americas Added to Newmont
Slide 11: Value Accretive Organic Project Pipeline
VALUE ACCRETIVE ORGANIC PROJECT PIPELINE CONCEPTUAL / SCOPING PREFEASIBILITY / FEASIBILITY DEFINITIVE FEASIBILITY EXECUTION Sabajo Extension Galore Creek JV Wafi-Golpu JV Yanacocha Sulfides Gold (~45%), Copper (~45%), Tanami Expansion 2 (Merian) Gold (~20%), Copper (~75%), Silver (~5%) Gold (~35%) a
Slide 12: Combines Two of Australia's Top Gold Producers
COMBINES TWO OF AUSTRALIA’S TOP GOLD PRODUCERS ▪ Long history and shared heritage in Australia; Newmont established the subsidiary in 1966 that would become Newcrest 25 years later ▪ Combines two of Australia’s top gold miners to create a multi-decade gold and TANAMI copper production profile TELFER
Slide 13: Integrating a Tier 1 Gold Mine in Papua New Guinea
INTEGRATING A TIER 1 GOLD MINE IN PAPUA NEW GUINEA ▪ Lihir is one of the world’s top gold mines with a track record of stable production and near-mine organic growth opportunities ▪ Wafi-Golpu project adds gold and copper optionality with several of the best LIHIR copper-gold porphyry intersections
Slide 14: Strengthens Newmont's Position in Canada
STRENGTHENS NEWMONT’S POSITION IN CANADA ▪ Solidifies leadership position in Canada through 5 operating mines and development projects in British Colombia ▪ Creates a Tier 1 district in the highly prospective Golden Triangle region of British Columbia GALORE CREEK ▪ Leverages Newmont’s existing scal
Slide 15: Proven Track Record of Delivering Synergies
PROVEN TRACK RECORD OF DELIVERING SYNERGIES ▪ Completed due diligence process to identify and validate synergies $200M $500M ▪ G&A synergies and supply chain optimization: – Scalable operating model with existing regional Full Potential teams in Australia and Canada – Bulk purchasing power and best-
Slide 16: Disciplined Capital Allocation Strategy Unchanged
DISCIPLINED CAPITAL ALLOCATION STRATEGY UNCHANGED MAINTAINING FINANCIAL FLEXIBILITY Sustain an Investment-Grade Balance Sheet with Strength & Flexibility BALANCED INVESTING IN SUSTAINABLE PRODUCTION CAPITAL ALLOCATION Reinvest in the Business to Improve Cash Margins Over the Long Term STRATEGY RETUR
Slide 17: Newcrest Transaction Summary
NEWCREST TRANSACTION SUMMARY RECOMMENDED SHARE-FOR-SHARE TRANSACTION ▪ Newmont to acquire all outstanding Newcrest equity at an exchange ratio of 0.400x of a Newmont share (or 0.400 Newmont CDIs) for each Newcrest share ▪ Newcrest to fund and pay to its shareholders a special dividend of up to USD$1
Slide 18: Newmont Standalone Portfolio
Newmont Standalone CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, Portfolio RESPONSIBLE MINING MAY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 18
Slide 19: Newmont's Standalone Industry-Leading Portfolio
NEWMONT’S STANDALONE INDUSTRY-LEADING PORTFOLIO #1 GOLD ROBUST GOLD & UPSIDE FROM OTHER PRODUCER COPPER RESERVES METALS* MUSSELWHITE 96 Moz Gold ~35 Moz Silver production ÉLÉONORE ~6 Moz ~200 Mlbs Lead production NEVADA GOLD MINES*** Unmatched gold production per 16 Blbs Copper PORCUPINE year throug
Slide 20: Newmont's Standalone Project Pipeline
NEWMONT’S STANDALONE PROJECT PIPELINE 7+ YEARS 4 TO 7 YEARS 0 TO 4 YEARS EXECUTION LEGEND* FEASIBILITY <$500M Investment DEFINITIVE YANACOCHA SULFIDES TANAMI EXPANSION 2 Included in 10-Year Peru – Gold (~45%), Copper (~45%), Australia – Gold $500M - $1.0B Investment Production Profile*** Silver (~10
Slide 21: Newmont's Standalone 10-Year Production Profile
NEWMONT’S STANDALONE 10-YEAR PRODUCTION PROFILE INDICATIVE 10-YEAR PRODUCTION PROFILE* (Attributable Moz per Year) 8 Total GEO Production** 7 Gold Production*** 6 5 4 3 2 1 - 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 ~6 Million Ounces of Gold per Year for the Next Decade with Upside from Oth
Slide 22: Committed to Leading ESG Practices
COMMITTED TO LEADING ESG PRACTICES DEMONSTRATING NEWMONT’S DEDICATION TO ACCOUNTABILITY AND TRANSPARENCY Launched 19th Annual Sustainability Report in April 2023, a transparent review of ESG performance and the issues and metrics that matter most to stakeholders Published 3rd Annual Climate Report i
Slide 23: Operating Model Drives Continuous Improvement
OPERATING MODEL DRIVES CONTINUOUS IMPROVEMENT Diagnose Design Deliver Refresh EXTERNAL SPEND & PROCESSING – 50% OTHER – 15% ✓ Proven integrated operating model with deep bench Increasing Throughput and Supply Chain, Asset Recoveries of experienced leaders and technical experts Management and G&A Imp
Slide 24: Proven Operating Model with a Strong Track Record
PROVEN OPERATING MODEL WITH A STRONG TRACK RECORD APPLYING LESSONS LEARNED DURING THE PANDEMIC TO CHANGE THE WAY WE WORK Sharing Knowledge, Expertise and Talent Across the Global Business Global Supply Chain team minimizing cost pressures and secure competitive supplier contracts Implementing new te
Slide 25: The Industry's Strongest Balance Sheet
THE INDUSTRY’S STRONGEST BALANCE SHEET CASH AND SHORT-TERM NET DEBT TO TOTAL LIQUIDITY* BANK DEPOSITS* ADJUSTED EBITDA** $6.5B Cash Balance and Undrawn Revolving $3.5B Maintaining Strength During Time of 0.6x Substantially Below Target of Credit Facility Meaningful Reinvestment Less than 1.0x WEIGHT
Slide 26: Investing in Sustainable Production
INVESTING IN SUSTAINABLE PRODUCTION ANNUAL INVESTMENT ($B) AVERAGE ANNUAL INVESTMENT: ~$2.5B * $5.0 ▪ Sustaining capital: ~$1.0 – $1.2B per year Sustaining Capital (+/- 5%) Exploration and Advanced Projects (+/- 5%) ▪ Exploration & Advanced projects: ~$400 – $500M Development Capital (+/- 5%) Contri
Slide 27: Free Cash Flow Increases with Higher Gold Price
FREE CASH FLOW INCREASES WITH HIGHER GOLD PRICE ANNUAL INCREMENTAL FREE CASH FLOW* (Average Over 5-year Period) +$3.6B INCREMENTAL FCF +$2.4B +$1.2B $1,400 $1,700 $2,000 $2,300 +$400M FCF per Annum for Every $100/oz Increase in Gold Price *Free Cash Flow assumptions as of February 23, 2023; Includes
Slide 28: 2023 Dividend Payout Range Set Within Established Framework
2023 DIVIDEND PAYOUT RANGE SET WITHIN ESTABLISHED FRAMEWORK INDUSTRY-LEADING DIVIDEND FRAMEWORK 2023 DIVIDEND PAYOUT RANGE* ▪ Base dividend of $1.00/share at a $1,400 gold reserve price $2.00 – 3.00 ▪ Variable component based on incremental Free Cash Flow ▪ Calibrated on gold price, evaluated in inc
Slide 29: Newmont Is the World's Leading Gold Company
NEWMONT IS THE WORLD’S LEADING GOLD COMPANY GLOBAL #1 GOLD ROBUST GOLD & UPSIDE FROM PORTFOLIO PRODUCER COPPER RESERVES* OTHER METALS*** 12 ~6 Moz 96 Moz Gold 16 Blbs Copper ~35 Moz Silver production ~200 Mlbs Lead production Managed operations balanced Unmatched gold production across 8 countries p
Slide 30: Goldcorp Acquisition Lookback
Goldcorp Acquisition CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, Lookback RESPONSIBLE MINING MAY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 30
Slide 31: Goldcorp Acquisition: A Four-Year Look Back
GOLDCORP ACQUISITION: A FOUR-YEAR LOOK BACK VALUE DELIVERED SINCE ACQUISITION CLOSED APRIL 18, 2019 SYNERGIES FROM PROCEEDS FROM GOLDCORP ASSETS PORTFOLIO OPTIMIZATION $1.1B $2.2B Annual value, surpassing initial Includes $1.5B in disposals within the first commitment of $365M in first 18 months 12
Slide 32: Proven Track Record of Value Delivery
PROVEN TRACK RECORD OF VALUE DELIVERY ANNUAL SYNERGIES FROM GOLDCORP ACQUISITION Cost Efficiency and Productivity Improvements ▪ Proven Full Potential program delivered $845M of synergies* $1.1B $345M Total Synergies* – $500M from mining improvements – $345M from processing improvements Processing $
Slide 33: Peñasquito Spotlight: Tier 1 Asset Delivered 70% of Synergies
PEÑASQUITO SPOTLIGHT: TIER 1 ASSET DELIVERED 70% OF SYNERGIES ANNUAL OPERATING STATISTICS AT PEÑASQUITO Since Acquired in 2019 Sustainably resolved decade long dispute while forging a 30-year water Mtonnes Mined Mtonnes Processed agreement for the community 200 40 >$700M in synergies delivered to da
Slide 34: Canadian Spotlight: Continuing Strong Improvement Trend
CANADIAN SPOTLIGHT: CONTINUING STRONG IMPROVEMENT TREND DEVELOPMENT METERS BY SITE Quarterly Average from Q1 2022 through Q1 2023 Covid-related travel restrictions 40 and protocols limited improvements in 2020 and 2021 ~$250M in synergies delivered to 30 date with ~65% from Full Potential mining and
Slide 35: Appendix
Appendix CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING MAY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 35
Slide 36: Newmont First Quarter 2023 Highlights
NEWMONT FIRST QUARTER 2023 HIGHLIGHTS Produced 1.3M attributable ounces of gold* Declared industry-leading dividend of and 288k GEOs from co-products**; 21% of $0.40 per share for Q1 from established total 2023 gold production as guided framework** Generated ~$1.0B in adjusted EBITDA; results Liquid
Slide 37: Newmont First Quarter Financial Performance
NEWMONT FIRST QUARTER FINANCIAL PERFORMANCE GAAP REVENUE NET INCOME $2.7B $0.42/share ADJUSTED ADJUSTED EBITDA* NET INCOME* $1.0B $0.40/share CASH FROM FREE CASH CONTINUING OPS FLOW* $481M $(45)M CASH AND CASH NET DEBT TO EQUIVALENTS** ADJUSTED EBITDA* $3.5B 0.6x *See endnotes. **As of Q1 2023; Cash
Slide 38: Newmont Only - Strongly Positioned to Safely Deliver 2023
NEWMONT ONLY - STRONGLY POSITIONED TO SAFELY DELIVER 2023 ATTRIBUTABLE GOLD GOLD COSTS GOLD ALL-IN PRODUCTION* APPLICABLE TO SALES SUSTAINING COSTS** 5.7 – 6.3Moz $870 – 970/oz $1,150 – 1,250/oz EXPLORATION & ADVANCED SUSTAINING CAPITAL DEVELOPMENT CAPITAL*** PROJECTS $475 – 525M $1.0 – 1.2B $1.2 –
Slide 39: Gold Production Expected to Be Naturally Weighted Toward H2
GOLD PRODUCTION EXPECTED TO BE NATURALLY WEIGHTED TOWARD H2 H1 2023 PROJECTED H2 2023 PROJECTED PRODUCTION PRODUCTION 45% 55% Q1 EXPECTATION – 21% OF 2023 GOLD PRODUCTION ▪ Strong H2 weighting at Ahafo and Cerro Negro due to mine sequence ▪ Closure of Tanami track expected to delay production from Q
Slide 40: Newmont's Standalone Five-Year Outlook
NEWMONT’S STANDALONE FIVE-YEAR OUTLOOK ATTRIBUTABLE GOLD PRODUCTION (Moz)* ALL-IN SUSTAINING COSTS ($/oz)** 7.0 $1,300 = Actual = Actual = Outlook (+/-5%) = Outlook (+/-5%) 6.5 $1,100 6.0 $900 5.5 $700 5.0 $500 4.5 4.0 $300 2022A 2023E 2024E 2025E 2026E 2027E 2022A 2023E 2024E 2025E 2026E 2027E ▪ 90
Slide 41: Portfolio Strengthened by Production from Other Metals
PORTFOLIO STRENGTHENED BY PRODUCTION FROM OTHER METALS COPPER PRODUCTION = Actual SILVER PRODUCTION = Actual = Outlook (+/-5%) = Outlook (+/-5%) (Mlb) (Moz) 110 40 80 30 50 20 20 10 2022A 2023E 2024E 2025E 2026E 2027E 2022A 2023E 2024E 2025E 2026E 2027E = Actual = Actual ZINC PRODUCTION = Outlook (+
Slide 42: Newmont's Diverse, Global Portfolio of World-Class Assets
NEWMONT’S DIVERSE, GLOBAL PORTFOLIO OF WORLD-CLASS ASSETS GOLD ALL-IN SUSTAINING COSTS * = World-Class Assets Cumulative 2023 through 2027 ($/oz) $1,800 $1,600 $1,400 $1,200 Total Newmont $1,000 $800 Pueblo Viejo** $600 Peñasquito Musselwhite Boddington Cerro Negro Yanacocha Nevada** Porcupine Éléon
Slide 43: Operating Costs by Category
OPERATING COSTS BY CATEGORY* 3% 2% Liners, Wear Natural Gas, & 30% 8% 8% Parts, & Other Other Newmont Consumables Diesel Employees 50% 4% Explosives 30% 15% Materials & Labor Costs Fuel & Energy Consumables 20% Costs 7% 9% 5% Contracted Chemical & Maintenance Electric Power Services Reagents Parts *
Slide 44: Basis for Disciplined 2023 Outlook
BASIS FOR DISCIPLINED 2023 OUTLOOK PRICING ASSUMPTIONS AND SENSITIVITIES (as of February 23, 2023) PRICE CHANGE (-/+) FCF in $M (+/-) AISC in $/oz (-/+) Gold ($/oz) $1,700 $100 $400 $5 Australian Dollar $0.70 $0.05 $60 $15 Canadian Dollar $0.77 $0.05 $35 $10 Oil ($/bbl) $90 $10 $20 $5 Copper ($/lb)
Slide 45: Established Operations Support Networks (OSNs)
ESTABLISHED OPERATIONS SUPPORT NETWORKS (OSNs) Monitor Coach Intervene Sustain Supporting operations through centralized network of world-class subject matter experts Providing expert data and analytics through ASSET a consistent platform to produce improved MINING PROCESSING MANAGEMENT performance
Slide 46: OSNs: Driving Improvements Across Operations
OSNs: DRIVING IMPROVEMENTS ACROSS OPERATIONS Monitor Coach Intervene Sustain >3,400 >1.2M >17k >15k ~91% >$23M >$122M Assets Data Streams Opportunities Recommendations Site Acceptance Value created in Value created since Monitored Monitored Identified Actioned by Site* Rate 2023* 2020 OSN IMPROVEMEN
Slide 47: Processing OSN: Boddington Spotlight
PROCESSING OSN: BODDINGTON SPOTLIGHT MONITOR ▪ OSN identified ball mill tonnage rate is trending below other ball mills ▪ OSN Analyst reviewed additional ball mill performance indicators and discovered issues with the feed pump’s electrical targets COACH & INTERVENE ▪ The OSN and Newmont’s Technical
Slide 48: Mining OSN: Cripple Creek & Victor Spotlight
MINING OSN: CRIPPLE CREEK & VICTOR SPOTLIGHT MONITOR ▪ OSN identified site operator with idling time 300% higher than crew average ▪ A truck is idle when the engine is on, the truck is not in gear, and the truck is not being loaded COACH & INTERVENE ▪ OSN sent a notification to site and provided gui
Slide 49: Asset Management OSN: Tanami Spotlight
ASSET MANAGEMENT OSN: TANAMI SPOTLIGHT MONITOR ▪ OSN identified a sudden emergence and rapid deterioration of a ball mill gearbox component through vibration analysis COACH & INTERVENE ▪ OSN recommended an initial inspection of gearbox to site; inspection confirmed diagnosis and severity ▪ OSN and s
Slide 50: Tanami Expansion 2: Investing in Future Growth and Profitability
TANAMI EXPANSION 2: INVESTING IN FUTURE GROWTH AND PROFITABILITY OPERATIONAL EFFICIENCY IMPROVES MARGINS PROGRESSING TANAMI EXPANSION 2 ▪ Delivers a 1.5km deep production shaft, reducing operating costs ▪ Supports Tanami’s future as a long-life, low-cost producer and unlocks by ~10% through efficien
Slide 51: Ahafo North: Best Unmined Deposit in West Africa
AHAFO NORTH: BEST UNMINED DEPOSIT IN WEST AFRICA EXPANDING CURRENT FOOTPRINT IN GHANA PROGRESSING AHAFO NORTH ▪ Open pit mine, stand-alone mill for processing 3.8Mozs of Reserve ▪ Investment of $950-$1,050M; commercial production anticipated in and 1.4Mozs of Resource late 2025 ▪ 13-year mine life w
Slide 52: Yanacocha Sulfides: Assessing Optionality
YANACOCHA SULFIDES: ASSESSING OPTIONALITY POSSIBILITIES WITHIN CURRENT FOOTPRINT REVIEWING THE SULFIDES PROJECT IN TOTAL ▪ First phase includes Yanacocha Verde and Chaquicocha deposits ▪ Appointed Dean Gehring to lead Yanacocha and the Sulfides to profitably extend Yanacocha operations beyond 2040 P
Slide 53: Pathway to Achieving 2030 Reduction Goals
PATHWAY TO ACHIEVING 2030 REDUCTION GOALS TARGETED STRATEGY TO REDUCE SCOPE 1 & 2 EMISSIONS SCIENCE-BASED CLIMATE (KtCO 2 e) TARGETS APPROVED BY SBTi 3,570 (900) 1.53Mt of CO2e Reductions Driven by increase in renewable (140) energy through development, grid (160) or partnership 2030 Target: 2,400kt
Slide 54: Governance Underpins Sustainability Strategy
GOVERNANCE UNDERPINS SUSTAINABILITY STRATEGY SUSTAINABILITY GOVERNANCE AT NEWMONT SHORT-TERM INCENTIVE PLAN BOARD OF DIRECTORS ▪ Oversight, advice and counsel on key sustainability matters ▪ Dedicated Safety & Sustainability Committee Environment, 20% Health and Safety Sustainability & Governance EX
Slide 55: Broad Management Experience
BROAD MANAGEMENT EXPERIENCE EXECUTIVE LEADERSHIP TEAM BOARD OF DIRECTORS Tom Palmer Rob Atkinson Karyn Ovelmen EVP and COO Greg Boyce, Chair Bruce R. Brook Maura Clark President and CEO EVP and CFO (starting Q2 2023) Peter Toth Nancy Lipson Aaron Puna René Médori Julio M. Quintana Susan Story Jane N
Slide 56: Robust Reserves in Stable Mining Jurisdictions
ROBUST RESERVES IN STABLE MINING JURISDICTIONS Africa 9% South America COPPER SILVER 48% Australia COPPER RESERVES* SILVER RESERVES* 12% GOLD RESERVES* 15.7 593 96 Blbs Moz + + Moz COPPER RESOURCES** SILVER RESOURCES** + GOLD RESOURCES** 26.5 Blbs 652 Moz 111 Moz LEAD ZINC LEAD RESERVES* ZINC RESERV
Slide 57: Investing in Exploration to Extend Mine Life
INVESTING IN EXPLORATION TO EXTEND MINE LIFE Exploration Investment** Coffee Saddle North 20% Musselwhite Éléonore Japan Porcupine $280M Nevada Gold Mines* in 2023 CC&V 80% 80% Peñasquito Mexico Pueblo Viejo* Merian Espérance Akyem Ahafo Yanacocha Tanami Andes LEGEND Boddington Lachlan LEGEND Greenf
Slide 58: Exploration Is a Core Expertise and Investment Priority
EXPLORATION IS A CORE EXPERTISE AND INVESTMENT PRIORITY 28 Exploration Success Discoveries 343 Geoscientists Sector-Leading Team Underpinned by a Proven Operating Model Technology Cutting Edge Exploration Technologies Safety and Sustainability Industry Leading Safety and ESG Practices Land Position
Slide 59: 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 60: Newmont's Standalone Five-Year Outlook
Newmont’s Standalone Five-Year Outlook GUIDANCE METRIC 2023E 2024E 2025E 2026E 2027E Gold ($1,700/oz price assumption) Attributable Gold Production (Moz) 5.7 – 6.3 5.9 – 6.5 5.9 – 6.5 6.1 – 6.7 6.1 – 6.7 Gold CAS ($/oz)* $870 – $970 $850 – $950 $780 – $880 $750 – $850 $750 – $850 Gold AISC ($/oz)* $
Slide 61: Newmont's Standalone Five-Year Outlook (cont.)
Newmont’s Standalone Five-Year Outlook (cont.) GUIDANCE METRIC 2023E 2024E 2025E 2026E 2027E Copper ($3.50/lb price assumption) Copper Production (Mlbs) 95 – 105 85 – 95 45 – 55 45 – 55 55 – 65 Copper CAS ($/lb)* $1.85 – $2.15 Copper AISC ($/lb)* $2.35 – $2.65 Silver ($20/oz price assumption) Silver
Slide 62: 2023 Outlook as of February 23, 2023
2023 Outlooka as of February 23, 2023 Consolidated Attributable Production Consolidated All-In Attributable Sustaining Attributable Development 2023 Outlook Production (Koz) (Koz) Consolidated CAS ($/oz) Sustaining Costsb ($/oz) Capital Expenditures ($M) Capital Expenditures ($M) CC&V 160 – 180 160
Slide 63: 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 2. Change in fair value of investments, included in Other income (loss), net, primar
Slide 64: 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 1. Change in fair value of investments, included in Other income (loss), net, primarily March 31, represents unrealized gains and losses relate
Slide 65: 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 66: Attributable Free Cash Flow
Attributable free cash flow Management uses Attributable Free Cash Flow as a non-GAAP measure to analyze cash flows generated from operations that are attributable to the Company. Attributable Free Cash Flow is Net cash provided by (used in) operating activities after deducting net cash flows from o
Slide 67: 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 68: Gold All-In Sustaining Costs - 2023 Outlook
Gold All-In Sustaining Costs - 2023 Outlook A reconciliation of the 2023 Gold AISC outlook to the 2023 Gold CAS outlook 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 Sec
Slide 69: Net Debt to Adjusted EBITDA Ratio
Net Debt to Adjusted EBITDA Ratio Management uses net debt to Adjusted EBITDA as non-GAAP measures to evaluate the Company’s operating performance, including our ability to generate earnings sufficient to service our debt. Net debt to Adjusted EBITDA represents the ratio of the Company’s debt, net o
Slide 70: Endnotes
Endnotes Investors are encouraged to read the information contained in this presentation in conjunction with the most recent Form 10-Q for the quarter ended March 31, 2023 filed with the SEC on April 27, 2023. Investors are reminded that expectations regarding outlook and guidance, including future
Slide 71: Endnotes
Endnotes Cautionary Statement Regarding Reserve and Resource Estimates (cont.): Estimates of Proven and Probable reserves are subject to considerable uncertainty. Such estimates are, or will be, to a large extent, based on the prices of gold, silver, copper, zinc, lead and molybdenum and interpretat
Slide 72: Endnotes
Endnotes Synergies. Synergies and value creation as used in this presentation is a management estimate provided for illustrative purposes and should not be considered a GAAP or non-GAAP financial measure. Synergies represent management’s combined estimate of pre-tax synergies, supply chain efficienc
Slide 73: Endnotes
Endnotes Non-GAAP Metrics Adjusted Net Income. Adjusted Net Income is a non-GAAP metric. Adjusted Net Income per share refers to Adjusted Net Income per diluted share. See appendix or more information and reconciliation to the nearest GAAP metric. Free Cash Flow. FCF is a non-GAAP metric and is gene