Newmont Corporation · NYSE:NEM
Newmont — Scotiabank Mining Conference 2022
13 slides from Newmont's conference presentation, November 2022
Slide 1: Scotiabank Mining Conference 2022
Scotiabank Mining CREATING VALUE & IMPROVING LIVES Conference 2022 THROUGH SUSTAINABLE, RESPONSIBLE MINING NOVEMBER 2022 SCOTIABANK MINING CONFERENCE 2022 NEWMONT CORPORATION 1
Slide 2: Cautionary Statement
Cautionary Statement 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
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 top-tier Experienced leaders with strong Balanced approach to deliver for
Slide 4: Focused on the Critical Controls to Prevent Fatalities
FOCUSED ON THE CRITICAL CONTROLS TO PREVENT FATALITIES JOURNEY TO A FATALITY AND CRITICAL CONTROL VERIFICATIONS COMPLETED INJURY-FREE ENVIRONMENT (in thousands) 200 1,000 Number of Quarterly CCVs Completed Continued focus on eliminating Cumulative CCVs Completed fatalities through global application
Slide 5: Well-Positioned for a Strong Finish to 2022
WELL-POSITIONED FOR A STRONG FINISH TO 2022 NEWMONT 2022 OUTLOOK (+/-5% - AS OF JULY 25, 2022) GOLD PRODUCTION GOLD PRODUCTION GOLD CAS** GOLD AISC** (Managed Ops)* (Non-Managed Ops)* 4.5 Moz 1.5 Moz $900 /oz $1,150 /oz COPPER PRODUCTION SILVER PRODUCTION LEAD PRODUCTION ZINC PRODUCTION 110 Mlbs 29
Slide 6: A Challenging Market Environment for the Industry
A CHALLENGING MARKET ENVIRONMENT FOR THE INDUSTRY AVERAGE ALL-IN SUSTAINING COSTS (AISC) PER OUNCE ($/OZ) Industry Average AISC/oz* $2,000 Quarterly Average Gold Price $1,800 2023 Gold Price $1,600 Consensus** ~$1,700/oz $1,400 $1,216 $1,175 $1,163 $1,176 $1,183 $1,200 $1,064 $1,022 $1,007 $1,033 $9
Slide 7: Disciplined Capital Allocation Strategy
DISCIPLINED CAPITAL ALLOCATION STRATEGY 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 RETURNING CASH
Slide 8: 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 15 Blbs Copper #4 Silver producer #6 Zinc producer Managed operations balanced Unmatched gold production across 8 countries per year through
Slide 9: Appendix
Appendix CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING SCOTIABANK MINING CONFERENCE 2022 NEWMONT CORPORATION 9
Slide 10: 2022 Outlook
2022 Outlooka Newmont 2022 Outlook (+/- 5%)a 2022E Consolidated Gold Production (Moz) 5.9 a 2022 outlook projections are considered forward-looking statements and represent management’s good faith estimates or expectations of future production results as of July 25, 2022. Outlook is based upon certa
Slide 11: Gold All-In Sustaining Costs - 2022 Outlook
Gold All-In Sustaining Costs - 2022 Outlook A reconciliation of the 2022 Gold AISC outlook to the 2022 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 12: 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 September 30, 2022 filed with the SEC on November 1, 2022, and with the Cautionary Statement on slide 2 and the following notes below. Outlook
Slide 13: Endnotes
Endnotes Reserves and Resources: Proven and Probable reserves are based on extensive drilling, sampling, mine modeling and metallurgical testing from which we determine economic feasibility. The price sensitivity of reserves depends upon several factors including grade, metallurgical recovery, opera