Slide 1: Investor Presentation
Investor Presentation CREATING VALUE & IMPROVING LIVES AUGUST 2023 THROUGH SUSTAINABLE, RESPONSIBLE MINING AUGUST 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 1
Slide 2: Cautionary Statement Regarding Forward Looking Statements
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: Acquisition of Newcrest
Acquisition of Newcrest CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING AUGUST 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 3
Slide 4: Strengthening Newmont's Clear and Consistent Strategy with the Proposed Acquisition of Newcrest
SUSTAINABLE BUSINESS. ENDURING VALUE. 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 stakeholde
Slide 5: 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 6: 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 7: 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 8: 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 9: Portfolio of Tier 1 Assets with Gold & Copper Exposure
TIER 1 OPERATIONS WITH GOLD & COPPER EXPOSURE PORTFOLIO OF STABLE MINING DOUBLING COPPER RED CHRIS TIER 1 ASSETS JURISDICTIONS EXPOSURE MUSSELWHITE BRUCEJACK 10 ~80% +48Blbs ÉLÉONORE Tier 1 District Golden Triangle ~2/3 of total gold production from Gold production from the Americas Added to Newmont
Slide 10: 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 11: 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 12: 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 13: 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 14: 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 15: 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 16: 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 Newcrest and Newmont Newmont to provide definitive agreement to to be filed with U.S. shareholder vote to take 2024 guidance for the acquire Newcrest Se
Slide 17: Newmont Standalone Portfolio
Newmont Standalone CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, Portfolio RESPONSIBLE MINING AUGUST 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 17
Slide 18: 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 19: 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 20: 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 21: 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 22: 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 23: 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 24: 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 $3.2B Maintaining Strength During Time of 0.7x Substantially Below Target of Credit Facility Meaningful Reinvestment Less than 1.0x WEIGHT
Slide 25: Investing in Sustainable Production
INVESTING IN SUSTAINABLE PRODUCTION ANNUAL INVESTMENT ($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 26: 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. See endn
Slide 27: 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 28: 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 29: Goldcorp Acquisition Lookback
Goldcorp Acquisition CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, Lookback RESPONSIBLE MINING AUGUST 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 29
Slide 30: 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 31: 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 32: Appendix
Appendix CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING AUGUST 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 32
Slide 33: Second Quarter 2023 Highlights
SECOND QUARTER 2023 HIGHLIGHTS Produced 1.2M attributable ounces of gold* and Entered into definitive agreement to acquire 256k GEOs from co-products**; prudent decisions Newcrest; transaction expected to close in the made to position for stronger production in H2 fourth quarter Generated $910M in a
Slide 34: Second Quarter Financial Performance
SECOND QUARTER FINANCIAL PERFORMANCE ADJUSTED CASH FROM REVENUE EBITDA* CONTINUING OPS $2.7B $910M $656M GAAP CASH & CASH CAPITAL NET INCOME EQUIVALENTS** SPEND $0.19/share $3.2B $616M ADJUSTED NET DEBT TO FREE CASH NET INCOME* ADJUSTED EBITDA* FLOW* $0.33/share 0.7x $40M *See endnotes. **As of Q2 2
Slide 35: Newmont Only - Strongly Positioned to Safely Deliver 2023 Outlook
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 $1.2 –
Slide 36: Newmont's Standalone Five-Year Outlook
NEWMONT’S STANDALONE FIVE-YEAR OUTLOOK ATTRIBUTABLE GOLD PRODUCTION (Moz)* ALL-IN SUSTAINING COSTS ($/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 $300 2022A 2023E 2024E 2025E 2026E 2027E 2022A 2023E 2024E 2025E 2026E 2027E ▪ 90
Slide 37: Portfolio Strengthened by Production from Other Metals
PORTFOLIO STRENGTHENED BY PRODUCTION FROM OTHER METALS COPPER PRODUCTION = Actual SILVER PRODUCTION = Actual = Outlook (+/-5%) = Outlook (+/-5%) (Mlb) (Moz) 110 40 80 30 50 20 20 10 2022A 2023E 2024E 2025E 2026E 2027E 2022A 2023E* 2024E 2025E 2026E 2027E = Actual = Actual ZINC PRODUCTION = Outlook (
Slide 38: Newmont's Diverse, Global Portfolio of World-Class Assets
NEWMONT’S DIVERSE, GLOBAL PORTFOLIO OF WORLD-CLASS ASSETS GOLD ALL-IN SUSTAINING COSTS * = World-Class Assets Cumulative 2023 through 2027 ($/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 39: 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 40: 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 41: 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 42: OSNs: Driving Improvements Across Operations
OSNs: DRIVING IMPROVEMENTS ACROSS OPERATIONS Monitor Coach Intervene Sustain >3,400 >1.2M >19k >18k ~91% >$38M >$126M 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 43: 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 44: 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 45: 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 46: 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 47: 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 48: 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 49: 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 50: 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 51: Broad Management Experience
BROAD MANAGEMENT EXPERIENCE EXECUTIVE LEADERSHIP TEAM BOARD OF DIRECTORS Tom Palmer Rob Atkinson Karyn Ovelmen Chief Operating Officer Greg Boyce, Chair Bruce R. Brook Maura Clark President and CEO Chief Financial Officer Peter Toth Aaron Puna Suzy Retallack René Médori Julio M. Quintana Susan Story
Slide 52: 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 53: 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 54: 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 55: 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 56: 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 57: Five Year Outlook: Copper, Silver, Lead & Zinc
Five 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 ($20/oz price assumption) Silver
Slide 58: 2023 Outlook as of February 23, 2023
2023 Outlooka as of February 23, 2023 Consolidated Attributable Production Consolidated All-In Attributable Sustaining Attributable Development 2023 Outlook Production (Koz) (Koz) Consolidated CAS ($/oz) Sustaining Costsb ($/oz) Capital Expenditures ($M) Capital Expenditures ($M) CC&V 160 – 180 160
Slide 59: 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 60: 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 61: 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 62: 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 63: 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 64: 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 65: 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 66: 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 67: 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 68: 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 69: 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 70: Endnotes
Endnotes Full Potential. Full Potential improvement value creation is considered an operating measure provided for illustrative purposes, and should not be considered GAAP or non-GAAP financial measures. Full Potential amounts are estimates utilized by management that represent estimated cumulative