Slide 1: Investor Presentation
Investor Presentation CREATING VALUE & IMPROVING LIVES OCTOBER 2023 THROUGH SUSTAINABLE, RESPONSIBLE MINING OCTOBER 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 1
Slide 2: Cautionary Statement Regarding Forward Looking Statements, Including Outlook
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS, INCLU DING OUTLOOK: 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 t
Slide 3: 100+ Years of Value Creation Through Sustainable and Responsible Mining
SUSTAINABLE BUSINESS. ENDURING VALUE. COMMITMENT TO INDUSTRY PROVEN DISCIPLINED CAPITAL LEADING ESG PRACTICES LEADING PORTFOLIO OPERATING MODEL ALLOCATION STRATEGY Creating value and improving lives Tier 1 assets in favorable Experienced leaders with strong Balanced approach to deliver for all stake
Slide 4: 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 5: 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 6: Portfolio of Tier 1 Assets with Gold & Copper Exposure
TIER 1 OPERATIONS WITH GOLD & COPPER EXPOSURE PORTFOLIO OF STABLE MINING ROBUST COPPER BRUCEJACK TIER 1 ASSETS JURISDICTIONS EXPOSURE MUSSELWHITE RED CHRIS 10 ~80% 48Blbs ÉLÉONORE Tier 1 District Golden Triangle ~2/3 of total gold production from Gold production from the Americas Copper reserves and
Slide 7: Indicative Timeline to Close Newcrest Transaction
INDICATIVE TIMELINE TO CLOSE NEWCREST TRANSACTION MAY 2023 SEPTEMBER 2023 OCTOBER 2023 FEBRUARY 2024 Newmont enters into Definitive proxy statement Newmont shareholder Newmont to provide definitive agreement to filed with U.S. Securities & vote on October 11 and 2024 guidance for the acquire Newcres
Slide 8: Expanding Shareholder Outreach with ASX Listing
EXPANDING SHAREHOLDER OUTREACH WITH ASX LISTING MAINTAINING A STRONG PRESENCE IN NORTH AMERICA ▪ Publicly traded on the NYSE since 1925 and the only gold producer listed in the S&P 500 Index ▪ Corporate headquarters in the U.S. ▪ Participation in major investor conferences and road shows in U.S, Can
Slide 9: The New Sustainability Standard
The New Sustainability CREATING VALUE & IMPROVING LIVES Standard THROUGH SUSTAINABLE, RESPONSIBLE MINING OCTOBER 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 9
Slide 10: 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 11: 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 12: World-Class Portfolio
World-Class Portfolio CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING OCTOBER 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 12
Slide 13: The Industry's Best Collection of Tier 1 Assets
THE INDUSTRY’S BEST COLLECTION OF TIER 1 ASSETS 2022 GEO PRODUCTION FROM TIER 1 ASSETS (koz) Assets Managed by Precious Metals Producers Managed Operation Non-Managed Joint Venture 1,800 1,500 1,200 900 600 Pueblo Viejo** Boddington Peñasquito Turquoise Cortez** Carlin** 300 Tanami Ridge** Cadia* Ah
Slide 14: Boddington: A Cornerstone Gold-Copper Mine in Australia
BODDINGTON: A CORNERSTONE GOLD-COPPER MINE IN AUSTRALIA STRONG ANNUAL RECORD MILL FIRST AUTONOMOUS FIRST TO IMPLEMENT PRODUCTION PERFORMANCE HAUL FLEET FULL POTENTIAL >1 Moz Gold equivalent ounces produced >40 Mt Pushing beyond nameplate capacity 41 Trucks Fully-autonomous vehicles deliver safety >$
Slide 15: Peñasquito: Large Polymetallic Mine in Mexico
PEÑASQUITO: LARGE POLYMETALLIC MINE IN MEXICO PRODUCER OF GOLD, SYNERGIES FROM SILVER, LEAD AND ZINC GOLDCORP ACQUISITION >1 Moz Annual GEOs produced since acquired >$700M Annual free cash flow improvements and integrated (2020 to 2022) since acquired in 2019 OPTIMIZED MILL LOAD AND HAUL PERFORMANCE
Slide 16: Tanami: A Turnaround Story in Australia
TANAMI: A TURNAROUND STORY IN AUSTRALIA HISTORY OF PROFITABLE RELIABLE, LONG-LIFE PRODUCTION ENERGY SUPPLY >20 Years Committed to first expansion in 2015 20% Lower costs and emissions from with a dual decline and mill expansion construction of a 450km gas pipeline SECOND EXPANSION INCREASING ANNUAL
Slide 17: Ahafo: District-Level Strategy in Ghana
AHAFO: DISTRICT-LEVEL STRATEGY IN GHANA LARGEST GOLD MINE REACHED TIER 1 STATUS AHAFO NORTH CREATES LONG-TERM DISTRICT IN GHANA* THROUGH INVESTMENT TOP GOLD COMPLEX STRATEGY >8 Moz Cumulative ounces produced since >500 Koz Annual production following Subika UG ~850 Koz Expected annual production fro
Slide 18: Applying Full Potential at the Newcrest Operations
APPLYING FULL POTENTIAL AT THE NEWCREST OPERATIONS CADIA, AUSTRALIA BRUCEJACK, CANADA RED CHRIS, CANADA LIHIR, PAPUA NEW GUINEA TELFER, AUSTRALIA OCTOBER 2023 INVESTOR PRESENTATION See endnotes re the proposed Newcrest transaction. NEWMONT CORPORATION 18
Slide 19: Delivering Synergies
Delivering Synergies CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING OCTOBER 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 19
Slide 20: Operating Model Drives Continuous Improvement
OPERATING MODEL DRIVES CONTINUOUS IMPROVEMENT Diagnose Design Deliver Refresh EXTERNAL SPEND & PROCESSING – 35% OTHER – 25% ✓ Full Potential program engrained in Newmont’s Increasing Throughput and Supply Chain, Asset Recoveries operating model and culture Management and G&A Improvements ✓ Vehicle f
Slide 21: 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 22: Newcrest Transaction to Deliver Significant Synergies
NEWCREST TRANSACTION TO DELIVER SIGNIFICANT 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
Slide 23: Driving Capital Allocation
Driving Capital CREATING VALUE & IMPROVING LIVES Allocation THROUGH SUSTAINABLE, RESPONSIBLE MINING OCTOBER 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 23
Slide 24: 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 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** $6.2B Cash Balance and Undrawn Revolving $3.2B Maintaining Strength During Time of 0.7x Substantially Below Target of Credit Facility Meaningful Reinvestment Less than 1.0x WEIGHT
Slide 26: 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 27: Appendix
Appendix CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING OCTOBER 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 27
Slide 28: Combining Two of Australia's Top Gold Producers
COMBINING 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 TELFE
Slide 29: Boddington: Site Facts
BODDINGTON: SITE FACTS TANAMI Ownership: 100% TELFER Location: 81 miles southeast of Perth, Western Australia AKYEM Operations: Two open pits – North and South Process: Milling: three-stage crushing facility, four ball mills, flotation circuit and carbon-in-leach (CIL) circuit CADIA Reserves: Gold 1
Slide 30: Tanami: Site Facts
TANAMI: SITE FACTS Ownership: 100% TANAMI Location: 342 miles northwest of Alice Springs, Northern Territory TELFER Operations: One underground mine at Dead Bullock Soak Process: Processing plant consists of crushing and grinding circuit, gravity carbon-in- pulp tanks Reserves: Gold 5.7Moz CADIA Res
Slide 31: 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 32: 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 33: Strengthening Newmont's Position in Canada
STRENGTHENING 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 sc
Slide 34: Musselwhite: Site Facts
MUSSELWHITE: SITE FACTS Ownership: 100% Location: Ontario, Canada Operations: Underground - long-hole open stoping, longitudinal retreat (Avoca) GALORE CREEK and raise mining (Alimak) SADDLE NORTH Process: Crushing, grinding, leaching by cyanidation, carbon-in-pulp recovery RED CHRIS Reserves: Gold
Slide 35: Éléonore: Site Facts
ÉLÉONORE: SITE FACTS Ownership: 100% Location: Quebec, Canada Operations: Underground GALORE CREEK SADDLE NORTH Process: Crushing, grinding, gravity flotation and cyanidation RED CHRIS Reserves: Gold 1.6Moz Resources: Gold 0.9Moz** BRUCEJACK ÉLÉONORE Reserve Grade and Recovery: 5.22 grams/tonne, 92%
Slide 36: Porcupine: Site Facts
PORCUPINE: SITE FACTS Ownership: 100% Location: Ontario, Canada Operations: Underground GALORE CREEK SADDLE NORTH Process: Crushing, grinding, gravity flotation and cyanidation RED CHRIS Reserves: Gold 2.3Moz Resources: Gold 7.3Moz** BRUCEJACK ÉLÉONORE Reserve Grade and Recovery: 1.93 grams/tonne, 9
Slide 37: Cripple Creek & Victor (CC&V): Site Facts
CRIPPLE CREEK & VICTOR (CC&V): SITE FACTS Ownership: 100% Location: Near the towns of Cripple Creek and Victor, Colorado Operations: Four open pits CC&V Process: Heap leaching only (ceased milling operations in Q1 2021) Reserves: Gold 1.6Moz Resources: Gold 1.8Moz* Reserve Grade and Recovery: 0.52 g
Slide 38: Akyem: Site Facts
AKYEM: SITE FACTS Ownership: 100% Location: 80 miles northwest of Accra, Ghana Operations: Single open pit mine AKEYM Process: Conventional mill and standard carbon-in-leach circuit for processing ore Reserves: Gold 1.5Moz Resources: Gold 1.7Moz** AHAFO SOUTH Reserve Grade and Recovery: 1.33 grams/t
Slide 39: Ahafo South: Site Facts
AHAFO SOUTH: SITE FACTS Ownership: 100% Location: 180 miles northwest of Accra, Ghana Operations: Open pits – Subika, Amoma, Apensu, Awonsu; Underground – Subika AKEYM Process: Conventional mill and standard carbon-in-leach circuit for processing ore Reserves: Gold 5.7Moz Resources: Gold 5.1Moz** AH
Slide 40: 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 41: Peñasquito: Site Facts
PEÑASQUITO: SITE FACTS Ownership: 100% Location: 200km northeast of the city of Zacatecas, Mexico Operations: Two open pits – Peñasco and Chile Colorado Process: Two identical parallel circuits with semi-autogenous grinding and ball milling with a high-pressure grinding roll for augmenting feed rate
Slide 42: Cerro Negro: Site Facts
CERRO NEGRO: SITE FACTS MERIAN Ownership: 100% Location: 250 miles southwest of the coastal city of Comodoro Rivadavia, Argentina YANACOCHA Operations: Eureka, Mariana Central and Mariana Norte undergrounds (long hole open stoping) Process: Crushing, grinding, leaching by cyanidation, carbon-in-pulp
Slide 43: Merian: Site Facts
MERIAN: SITE FACTS MERIAN Ownership: 75% owned and operated; Joint Venture with Staatsolie Location: 66 kilometers south of Moengo, Suriname YANACOCHA Operations: Two open pits – Merian 2 and Maraba Process: : Conventional mill and standard carbon-in-leach circuit for processing ore Reserves (attrib
Slide 44: Yanacocha: Site Facts
YANACOCHA: SITE FACTS MERIAN Ownership: 100% (acquired remaining ownership in 2022 – 43.56% from Buenaventura and 5% from Sumitomo) YANACOCHA Location: 375 miles north of Lima, Peru in Cajamarca region Operations: La Quinua and Carachugo Process: : Heap leaching – La Quinua and Carachugo Reserves: G
Slide 45: Yanacocha Sulfides: Assessing Optionality
YANACOCHA SULFIDES: ASSESSING OPTIONALITY POSSIBILITIES WITHIN CURRENT FOOTPRINT REVIEWING THE SULFIDES PROJECT ▪ First phase includes Yanacocha Verde and Chaquicocha deposits ▪ Evaluating further opportunities to resequence project capital and to profitably extend Yanacocha operations beyond 2040 r
Slide 46: Non-Managed Joint Ventures: Nevada Gold Mines Site Facts
NON-MANAGED JOINT VENTURES: NEVADA GOLD MINES SITE FACTS NEVADA GOLD MINES Ownership: 38.5% (non-operator); Joint Venture with Barrick Location: Northern Nevada PUEBLO VIEJO Operations: Eight mines, including three Tier 1 assets (Carlin, Cortez and Turquoise Ridge); open pit and underground Proce
Slide 47: Non-Managed Joint Ventures: Pueblo Viejo Site Facts
NON-MANAGED JOINT VENTURES: PUEBLO VIEJO SITE FACTS NEVADA GOLD MINES Ownership: 40% (non-operator); Joint Venture with Barrick Location: Dominican Republic PUEBLO VIEJO Method: Equity method investment (production only) Reserves (attributable): Gold 8.2Moz, Silver 51.0Moz Resources (attributabl
Slide 48: 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 49: Broad Management Experience
BROAD MANAGEMENT EXPERIENCE EXECUTIVE LEADERSHIP TEAM BOARD OF DIRECTORS Tom Palmer Karyn Ovelmen Peter Toth Greg Boyce, Chair Bruce R. Brook Maura Clark President and CEO Chief Financial Officer Chief Development Officer Natascha Viljoen Rob Atkinson Suzy Retallack Chief Operating Officer Chief Ope
Slide 50: ASX CDI Mechanics
ASX CDI MECHANICS CDI OVERVIEW STOCK-HOLDING STRUCTURE (Excluding TSX + PDI holders*) ▪ A Chess Depositary Interest (CDI) is a type of depositary receipt that is similar to an American Depositary Interest ▪ A CDI is an instrument through which investors can acquire an interest in Newmont that will b
Slide 51: Newmont 5-Year Outlook: Gold & Consolidated Metrics
Newmont 5-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 A
Slide 52: Newmont 5-Year Outlook: Copper, Silver, Lead & Zinc
Newmont 5-Year Outlook: Copper, Silver, Lead & Zinc 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 ($20/oz price assumption) –
Slide 53: Newmont 2023 Outlook as of February 23, 2023
Newmont 2023 Outlooka as of February 23, 2023 Consolidated Attributable Production Consolidated All-In Attributable Sustaining Attributable Development 2023 Outlook Production (Koz) (Koz) Consolidated CAS ($/oz) Sustaining Costsb ($/oz) Capital Expenditures ($M) Capital Expenditures ($M) CC&V 160 –
Slide 54: 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. (2) (Gain) loss on asset and investment sales, net, included in Other income (loss), net, primarily re
Slide 55: EBITDA and Adjusted EBITDA
EBITDA and Adjusted EBITDA Net income (loss) attributable to Newmont stockholders is reconciled to EBITDA and Adjusted EBITDA as follows: (1) (Gain) loss on asset and investment sales, net, included in Other income (loss), net, in 2023 is primarily comprised of the net gain recognized on the exchang
Slide 56: 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 57: 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 58: 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 59: 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 60: 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 61: 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 62: 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 June 30, 2023 filed with the SEC on July 20, 2023. Investors are reminded that expectations regarding outlook and guidance, including future fi
Slide 63: Endnotes
Endnotes Projections. Projections used in this presentation are considered “forward looking statements”. See cautionary statement above regarding forward-looking statements. Forward-looking information representing post-closing expectations is inherently uncertain. Estimates such as expected accreti
Slide 64: Endnotes
Endnotes Cautionary Statement Regarding Mineral Reserve and Resource Estimates. The mineral reserve and resource estimates herein with respect to Newmont represent estimates at December 31, 2022, which could be economically and legally extracted or produced at the time of their determination. Estima
Slide 65: Endnotes
Endnotes Reserve and Resource Estimates (cont.). Newcrest publishes reserve and resource estimates once a year, as at the end of each fiscal year, based on actual estimates as of April 30 and forecasts for the period beginning May 1 and ending June 30. Such estimates take into account mining depleti