Newmont Corporation · NYSE:NEM
Newmont — 2023 BMO Global Metals & Mining Conference
19 slides from Newmont's conference presentation, Feb 27, 2023
Slide 1: Creating Value & Improving Lives Through Sustainable, Responsible Mining
Tom Palmer CREATING VALUE & IMPROVING LIVES PRESIDENT & CHIEF EXECUTIVE OFFICER THROUGH SUSTAINABLE, FEBRUARY 27, 2023 RESPONSIBLE MINING 2023 BMO GLOBAL METALS & MINING CONFERENCE 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: 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 4: Driving a Fatality, Injury & Illness-Free Workplace
DRIVING A FATALITY, INJURY & ILLNESS-FREE WORKPLACE SAFETY PERFORMANCE IS THE KEY 2022 FATALITY RISK MANAGEMENT PROGRAM INDICATOR OF A WELL-RUN BUSINESS FOCUSED ON CRITICAL INCREASED CONTROL CONTROL VERIFICATIONS VERIFICATIONS ✓ Results in more reliable operations with 620,000 30% greater efficiency
Slide 5: Significant Milestones in Our ESG Journey
THE SIGNIFICANT THEGOLD GOLDSECTOR’S MILESTONES RECOGNIZED SECTOR’S IN OUR ESG RECOGNIZEDSUSTAINABILITY JOURNEY LEADER SUSTAINABILITY LEADER 2001 2004 2007 2013 2016 2020 Founding member Established Safety Appointed Adopted Conflict-Free Sustainability and Implementing Global of ICMM & Sustainabilit
Slide 6: Industry-Leading Portfolio of Global Operations
INDUSTRY-LEADING PORTFOLIO OF GLOBAL OPERATIONS #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 7: Investing in Sustainable Production
INVESTING IN SUSTAINABLE PRODUCTION EXPLORATION AND DEVELOPMENT PROJECTS IN SUSTAINING CAPITAL STUDIES EXECUTION ~$1.0 – 1.2B p.a. ~$400 – 500M p.a. ~$0.8 – 1.0B p.a. Maintaining a Portfolio of World-Class Assets in Creating a Robust Foundation of Reserves and Resources Advancing Profitable Organic
Slide 8: Investment Delivers a Steady 10-Year Production Profile
INVESTMENT DELIVERS A STEADY 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
Slide 9: Strong Team and Track Record of Value Delivery
STRONG TEAM AND TRACK RECORD OF VALUE DELIVERY Musselwhite VALUE DELIVERED FROM GOLDCORP PORTFOLIO Éléonore ▪ >$1.0B in annual synergies ▪ ~$240M of incremental value in 2023 from Full Potential Peñasquito ▪ >$1.5B in asset and non-core equity portfolio sales Cerro Negro >$1.0B SPOTLIGHT: GROWING MA
Slide 10: Superior Free Cash Flow Generation
SUPERIOR FREE CASH FLOW GENERATION 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 impacts from
Slide 11: Disciplined Capital Allocation Strategy
DISCIPLINED CAPITAL ALLOCATION STRATEGY BALANCED APPROACH TO DELIVERING INDUSTRY-LEADING SHAREHOLDER RETURNS DELIVER LONG-TERM VALUE $2.3B ✓ Maintain an investment-grade balance sheet with strength and $1.7B flexibility $1.3B $1.4B ✓ Reinvest in the business to improve cash margins over the long ter
Slide 12: Newmont & Newcrest – A Powerful Value Proposition
NEWMONT & NEWCREST – A POWERFUL VALUE PROPOSITION The New World-Class Delivering Driving ESG STANDARD PORTFOLIO SYNERGIES CAPITAL ALLOCATION Annual Production of 8Moz of Gold & Proven Track Record of Newmont Newmont Returned $6.7B to Recognized Sustainability Leader 155ktonnes of Copper Team & Opera
Slide 13: 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 14: Appendix
Appendix CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING 2023 BMO GLOBAL METALS & MINING CONFERENCE NEWMONT CORPORATION 14
Slide 15: Five Year Outlook: Gold & Consolidated Metrics
Five Year Outlook: Gold & Consolidated Metrics 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 (
Slide 16: Endnotes
Endnotes Investors are encouraged to read the information contained in this presentation in conjunction with the most recent Form 10-K for the year ended December 31, 2022 filed with the SEC on February 23, 2023. Investors are reminded that expectations regarding outlook and guidance, including futu
Slide 17: Endnotes
Endnotes Cautionary Statement Regarding Reserve and Resource Estimates: The reserves stated herein were prepared in compliance with Subpart 1300 of Regulation S-K adopted by the United States Securities and Exchanges Commission (the “SEC”) and represent the amount of gold, copper, silver, lead, zinc
Slide 18: Endnotes
Endnotes 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 interpretations of geologic data obtained
Slide 19: Endnotes
Endnotes Free Cash Flow. FCF is a non-GAAP metric and is generated from Net cash provided from operating activities of continuing operations on an attributable basis less Additions to property, plant and mine development on an attributable basis. See appendix for more information and for a reconcili