Slide 1: First Quarter 2026 Results
First Quarter 2026 Results APRIL 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: First Quarter 2026 Highlights
First Quarter 2026 Highlights On track to meet full year 2026 guidance Attributable Robust Returns to Adjusted Gold Production1 Free Cash Flow2 Shareholders3 Net Income2 1.3 Moz $3.1 B $2.7 B $2.90 /share 30kt of copper and 9Moz of silver Generated all-time record Through quarterly dividends All-tim
Slide 4: First Quarter Portfolio Performance
First Quarter Portfolio Performance Leveraging a strong foundation to advance near-term production growth ▪ Higher gold and co-product ▪ Production to return to normal levels ▪ Continuing to ramp up mill for first production driven by improved beginning in Q2 following the Dec. 2025 full year of pro
Slide 5: First Quarter 2026 Financial Performance
First Quarter 2026 Financial Performance Operational excellence continues to drive strong financial results ADJUSTED GAAP ADJUSTED AVERAGE REALIZED EBITDA NET INCOME NET INCOME GOLD PRICE $5.2B $3.00 /sh. $2.90 /sh. $4,900 /oz CASH FROM FREE CASH & CASH GOLD ALL-IN OPERATIONS CASH FLOW EQUIVALENTS S
Slide 6: Delivering on Enhanced Capital Allocation Framework
Delivering on Enhanced Capital Allocation Framework1 Generating disciplined, sustainable returns through the commodity and investment cycles Q1 2026 TARGETS $1.95B Constant through the cycle Sustaining Capital $381M Expected 2026 Spend On track to meet full year guidance with spend expected to accel
Slide 7: Executing with Discipline, Delivering Results
Executing with Discipline, Delivering Results Unrivaled portfolio of world-class assets and operational excellence, driving margin expansion and capital returns On Track to Achieve 2026 Guidance Strong first quarter gold, silver and copper production, as well as diligent cost performance, supporting
Slide 8: Appendix
Appendix FIRST QUARTER 2026 RESULTS NEWMONT CORPORATION 8
Slide 9: 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 $1.95B Constant
Slide 10: Steady Production Driven by Managed Operations
Steady Production Driven by Managed Operations Attributable Gold Production From Core Portfolio (Koz)1 6,400 ▪ Strong grades at Cadia ▪ Full year of commercial production at Ahafo North ▪ Injection leaching technology at Yanacocha ▪ Stronger efficiency and productivity at Merian 6,000 245 47 55 105
Slide 11: 2026: Gold Price and Investment Cycle Dynamics
2026: Gold Price and Investment Cycle Dynamics Gold All-in Sustaining Costs (AISC) from Core Portfolio ($/oz)1 ~$255 ~3% escalation offset by cost & productivity initiatives ~$45 $1,935 ~$55 Co-Product 2026E Gold Co- ~$60 ~7% Revenue/Costs Product AISC/oz Reconciled for comparability FX Rate ~$70 Ch
Slide 12: Direct Operating Costs by Category
Direct Operating Costs by Category1 Percentage breakdown for 2026 remains largely in line with 2025 4% Other 7% 4% Chemicals, Other 25% 6% Reagents, & 6% Newmont Liners & Wear Explosives Diesel Employees Parts 50% 30% 15% Materials & Fuel & Energy Labor Costs Consumables Costs 25% 6% Contracted Main
Slide 13: Basis for 2026 Guidance
Basis for 2026 Guidance Pricing Assumptions and Sensitivities (as of February 19, 2026) Revenue & Cost Assumption Change (-/+) Impacts ($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 $10.0
Slide 14: 2026 Site Guidance
2026 Site Guidance (1) 2026 guidance projections are considered forward-looking statements and represent management’s good faith estimates or expectations of future production Consolidated Attributable Consolidated Consolidated Attributable Attributable results as of February 19, 2026. Guidance is b
Slide 15: 2026 Consolidated Expense and Capital Guidance
2026 Consolidated Expense and Capital Guidance Guidance Metric (+/-5%) 2026E Sustaining Capital ($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 $240 Total Newmont Developme
Slide 16: Non-GAAP Reconciliations & Endnotes
Non-GAAP Reconciliations & Endnotes FIRST QUARTER 2026 RESULTS NEWMONT CORPORATION 16 16
Slide 17: 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 18: 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 19: Adjusted net income (loss)
Adjusted net income (loss) Net income (loss) attributable to Newmont stockholders is reconciled to Adjusted net income (loss) as follows: Three Months Ended (1) Per share measures may not recalculate due to rounding. March 31, 2026 (2) Primarily consists of the unrealized gains and losses related to
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 March 31, (1) Primarily consists of the unrealized gains and losses related to the Company's 2026 2025 marketable equity and other securities;
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 March 31, 2026, expected to be filed on April 23, 2026. Investors are reminded that expectations regarding outlook and guidance, including future fin
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