#1Newmont TM CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING Investor Presentation DECEMBER 2021#2Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS: N TM 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 safe harbor created by such sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address our expected future business and financial performance and financial condition; and often contain words such as "anticipate," "intend," "plan," "will," "would," "estimate," "expect," "believe," "target," "indicative," "preliminary," or "potential." Forward-looking statements in this presentation may include, without limitation: (i) estimates of future production and sales, including production outlook, average future production, upside potential and indicative production profiles; (ii) estimates of future costs applicable to sales and all-in sustaining costs; (iii) estimates of future capital expenditures, including development and sustaining capital; (iv) estimates of future cost reductions, full potential savings, value creation, improvements, synergies and efficiencies; (v) expectations regarding the Tanami Expansion 2, Ahafo North, Yanacocha Sulfides, Pamour and Cerro Negro District Expansion 1 projects, as well as the development, growth and exploration potential of the Company's other operations, projects and investments, including, without limitation, returns, IRR, schedule, approval and decision dates, mine life and mine life extensions, commercial start, first production, average production, average costs, impacts of improvement or expansion projects and upside potential; (vi) expectations regarding future investments or divestitures; (vii) expectations regarding free cash flow, and returns to stockholders, including with respect to future dividends and future share repurchases; (viii) expectations regarding future mineralization, including, without limitation, expectations regarding reserves and recoveries; (ix) estimates of future closure costs and liabilities, including, without limitation, expectations with respect to water treatment and other costs; (x) expectations regarding the timing and/or likelihood of future borrowing, future debt repayment, financial flexibility and cash flow; and (xi) expectations regarding the impact of the Covid-19 and variants thereof; (xii) expectations regarding the outcome of the strategic alliance with Caterpillar, future development of new equipment and technologies, and achievement of related goals, including, without limitation, GHG reduction targets, targets for CC&V and Tanami and related timelines; and (xiii) expectations related to other energy and climate investments and achievement of targets. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of operations and projects being consistent with current expectations and mine plans, including, without limitation, receipt of export approvals; (iii) political developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) certain exchange rate assumptions being approximately consistent with current levels; (v) certain price assumptions for gold, copper, silver, zinc, lead and oil; (vi) prices for key supplies being approximately consistent with current levels; (vii) the accuracy of current mineral reserve and mineralized material estimates; and (viii) other planning assumptions. Uncertainties relating to the impacts of Covid-19, include, without limitation, general macroeconomic uncertainty and changing market conditions, changing restrictions on the mining industry in the jurisdictions in which we operate, the ability to operate following changing governmental restrictions on travel and operations (including, without limitation, the duration of restrictions, including access to sites, ability to transport and ship doré, access to processing and refinery facilities, impacts to international trade, impacts to supply chain, including price, availability of goods, ability to receive supplies and fuel, impacts to productivity and operations in connection with decisions intended to protect the health and safety of the workforce, their families and neighboring communities), the impact of additional waves or variations of Covid, and the availability and impact of Covid vaccinations in the areas and countries in which we operate. Investors are reminded that future dividends beyond the dividend payable on December 28, 2021 to holders of record at the close of business on December 9, 2021 have not yet been approved or declared by the Board of Directors, and an annualized dividend payout or dividend yield has not been declared by the Board. Management's expectations with respect to future dividends are "forward-looking statements" and the Company's dividend framework is non-binding. The declaration and payment of future dividends remain at the discretion of the Board of Directors and will be determined based on Newmont's financial results, balance sheet strength, cash and liquidity requirements, future prospects, gold and commodity prices and other factors deemed relevant by the Board. Investors are also cautioned that the extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including trading volume, market conditions, legal requirements, business conditions and other factors. The repurchase program may be discontinued at any time, and the program does not obligate the Company to acquire any specific number of shares of its common stock or to repurchase the full authorized amount during the authorization period. Consequently, the Board of Directors may revise or terminate such share repurchase authorization in the future. For a more detailed discussion of risks and other factors that might impact future looking statements, see the Company's Annual Report on Form 10-K for the year ended December 31, 2020 and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, each filed with the U.S. Securities and Exchange Commission (the "SEC"), under the heading "Risk Factors", available on the SEC website or www.newmont.com. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," including, without limitation, outlook, to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement. Continued reliance on "forward-looking statements" is at investors' own risk. DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 2#3World-Class Assets in Top-Tier Jurisdictions Nevada Gold Mines* *** Turquoise Ridge/Twin Creeks Musselwhite Éléonore N World's Leading Gold Company ☐ Nine world-class assets in top-tier jurisdictions* Robust gold reserves of 94Moz and 65Moz in GEO reserves* Stable production of average ~8M GEOS* annually through 2030+ TM Goldstrike/Carlin Tanami Tanami Expansion 2 Cortez CC&V Peñasquito Boddington Yanacocha Yanacocha Sulfides** Cerro Negro CN District Expansion 1** *See endnotes re definition of world-class asset and calculation of Gold Equivalent Ounces (GEOS) ** Yanacocha Sulfides, Pamour, and Cerro Negro District Expansions 1 are included in Newmont's outlook but remains subject to approval ***Newmont's ownership interest is 38.5% of Nevada Gold Mines and 40% of Pueblo Viejo. In addition to the world-class assets featured above, Nevada Gold Mines also includes Long Canyon and Phoenix. DECEMBER 2021 INVESTOR PRESENTATION Porcupine Pamour** Pueblo Viejo** *** Merian Akyem Ahafo Ahafo North = = Operations LEGEND = Near-term Projects = Joint Ventures = World Class Asset = Emerging World Class Asset NEWMONT CORPORATION 3#4Project Pipeline to Sustain Production into 2040's Conceptual/ Scoping Prefeasibility/ Feasibility Definitive Feasibility coo 7+ YEARS Galore Creek JV >>>> 4 TO 7 YEARS 》》》O O TO 4 YEARS >>>>> Coffee Canada - Gold О Yanacocha Sulfides Peru-Gold (~45%), Copper (~45%), Silver (~10%) Pueblo Viejo Expansion JV Dominican Republic - Gold EXECUTION N Tanami Expansion 2 Australia - Gold Ahafo North Ghana Gold Goldrush (NGM JV) USA - Gold Boddington Laybacks** Australia - Gold O Akyem Layback** 0 Pamour (Porcupine) 0 Canada - Gold Canada - Gold (~25%), Copper (~80%), 0 Akyem Underground 0 Cerro Negro District Ghana - Gold Chile Gold (~55%), Copper (~40%), Silver (~5%) Expansions 1 Argentina - Gold 0 0 Oberon (Tanami) - Chile Gold (-10%), Copper (~85%), Molybdenum (~5%) 0 8 Silver (~5%) Norte Abierto JV Nueva Unión JV Australia - Gold Apensu Underground (Ahafo) Ghana - Gold Peñasquito Layback** Mexico - Gold (-20%) Silver (~40%), Zinc (-30%), Lead (~10%) 0 Sabajo Extension (Merian) Suriname Gold Subika Underground Growth (Ahafo) Ghana - Gold Saddle North Canada - Gold (~40%) Copper (-60%) 0 Cerro Negro District Expansions 2 Argentina - Gold DECEMBER 2021 INVESTOR PRESENTATION 0 LEGEND* Included in 10-Year Production Profile Gold Deposit Greenfield Other Metals Brownfield Ghana - Gold Turquoise Ridge Shaft (NGM JV) USA - Gold <$500M Investment $500M $1.0B Investment >$1.0B Investment *Attributable basis; JV projects not managed under Newmont investment system. Pueblo Viejo attributable capital is not reported in development capital outlook. **Represents significant stripping campaigns at existing open pits, recorded primarily as Costs Applicable to Sales. NEWMONT CORPORATION 4#5Investing in Exploration to Extend Mine Life N Exploration Investment** TM Tanami Centralian Boddington Coffee Galore Creek Saddle North Musselwhite ✰ Éléonore Porcupine Japan Nevada Gold Mines* 9 > CC&V Peñasquito Mexico Lachlan *Newmont's ownership interest is 38.5% of Nevada Gold Mines and 40% of Pueblo Viejo. **On an attributable basis and includes both expense and capital. DECEMBER 2021 INVESTOR PRESENTATION Yanacocha Pueblo Viejo** Merian Espérance Akyem Ahafo Andes 20% $300M 80% in 2022 LEGEND Greenfield Brownfield Cerro Negro NEWMONT CORPORATION 5#6Steady Production Through Industry-Best Portfolio INDICATIVE 10-YEAR PRODUCTION PROFILE* (Attributable Moz per Year) 10 6 ∞ 7 6 55 4 3 2 1 Total GEO Production* ** Gold Production** 2022 2023 2024 2025 2026 2027 2028 N TM SOUTH AMERICA*** AFRICA AUSTRALIA NORTH AMERICA*** 2029 2030 2031 ~8 Million Gold Equivalent Ounces per Year for the Next Decade *Indicative production profile includes existing assets and Yanacocha Sulfides, Pamour, and Cerro Negro Expansion 1 (which remain subject to approval), resource conversion and high confidence inventory. See endnotes. **Gold and GEO production assumptions as of December 2, 2021; see endnote re calculation of GEOS. ***Includes Newmont's ownership interest of 38.5% in Nevada Gold Mines (North America) and 40% in Pueblo Viejo (South America) DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 6#7Increasing Production and Investing in Our Future N ATTRIBUTABLE PRODUCTION* (MOZ) Gold Production* Co-Product GEO Production** 8.0 Total GEO Production 7.0 Gold Production 6.0 5.0 4.0 UNDERPINNED BY THE INDUSTRY'S BEST PORTFOLIO ■ 7.5 - 8.3 million GEOs per year through 2026* ☐ Includes 6.0 - 6.8 million ounces of gold and 1.3 - 1.6 million co- product GEOs ** ■ Production ramping up from pandemic impacts in 2021 Ahafo North and Tanami Expansion 2 ramping up in 2024 TM 3.0 2021E 2022E 2023E 2024E 2025E 2026E *Attributable basis includes the Company's equity method investment in Pueblo Viejo (40%); **Attributable co-product gold equivalent ounces; includes copper, zinc, silver and lead, see endnotes re GEOS DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 7#8Reducing Costs and Improving Margin DECLINING COSTS OVER TIME ■ Gold AISC improves to $920 - $1,020/oz and co-product GEO AISC improves to $800 - $900/oz ■ Improving total GEO AISC to between $880 - $980/oz at $1,800/oz gold price assumption ALL-IN SUSTAINING COST ($/OZ) Gold AISC* $1,100 $1,000 $900 $800 $700 Incorporating increased inflation pressures and logistic delays $600 ■ Overall cost decline supported $500 by Full Potential and investment in new, lower-cost production $400 Total GEO AISC* Co-Product GEO AISC N TM $300 *AISC is a non-GAAP measure, see endnotes; outlook for gold CAS is $790/oz for 2021, $820/oz for 2022, $740/oz-$840/oz for 2023, and $700/oz-$800/oz for 2024 through 2026; outlook for total GEO CAS is $770/oz for 2021, $800/oz for 2022, $710/oz -$810/oz for 2023, and $640/oz -$740/oz for 2024 through 2026. 2021E 2022E 2023E 2024E 2025E 2026E DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 8#9Operating Model Drives Continuous Improvement LEVERAGING PROVEN WORLD-CLASS PROGRAM AND TECHNICAL EXPERTISE Diagnose Design Deliver Refresh ✓ Proven integrated operating model with deep bench of experienced leaders and technical experts ✓ Robust governance structure drives stable, predictable, and sustainable performance ✓ Full Potential program engrained in Newmont's integrated operating model and culture Vehicle for reducing costs, improving efficiencies and generating productivity across operating sites and functions The site-owned, site-led model is supported by centralized subject matter experts and regional and corporate teams *See endnotes regarding forward-looking statements and Full Potential. ~15% EXTERNAL SPEND & OTHER Supply Chain, Asset Management and G&A Improvements ~30% PROCESSING Increasing Throughput and Recoveries DECEMBER 2021 INVESTOR PRESENTATION ~$290M Full Potential Improvements to be Delivered in 2022* Delivered >$4B in Full Potential Benefits Since 2014 N TM ~55% MINING IMPROVEMENT Optimizing Fleet and Improving Productivity NEWMONT CORPORATION 9#10$200 $400 $600 $1,400 $1,200 Total GEO AISC* $1,000 $800 Diverse, Global Portfolio of World-Class Assets 2022 ALL-IN SUSTAINING COSTS ($/GEO) $1,600 Boddington Merian 0.5 1.0 1.5 2.0 2.5 Peñasquito 3.0 3.5 Akyem Tanami Ahafo Pueblo Viejo** Porcupine Nevada Gold Mines** Attributable Gold Equivalent Ounce Production (MGEO) *AISC is a non-GAAP measure, see endnotes; outlook for gold CAS is $820/oz for 2022. **Newmont's ownership interest is 38.5% of Nevada Gold Mines and 40% of Pueblo Viejo. Nevada Gold Mines includes three world-class assets, Goldstrike/Carlin, Cortez and Turquoise Ridge/Twin Creeks. Pueblo Viejo preliminary AISC is not part of Newmont's AISC, and is shown for example purposes only. DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 10 4.0 4.5 5.0 Cerro Negro Éléonore Musselwhite CC&V Yanacocha 5.5 6.0 6.5 7.0 7.5 N World-Class Assets#11Focused on Value, Driven by Purpose 2021 HIGHLIGHTS On track to deliver attributable gold production of 6.0 million ounces at all-in sustaining cost of $1,050 per ounce Industry-leading portfolio with nine world-class assets in top-tier jurisdictions Advanced projects in organic pipeline to maintain steady growth and strong returns Protecting the wellbeing of our workforce and communities throughout Covid response Recognized as top gold miner for ESG; included in the Dow Jones Sustainability World Index for 14 consecutive years Launched first Climate Strategy Report, including pathways to achieve our climate targets Generated $1.7B in attributable free cash flow* and >$250 million of non-core asset sales On track to return $1.7B to shareholders through industry- leading dividend framework** Completed >$400M of share repurchases from $1B buyback program** Delivered first Autonomous Haulage Fleet to gold mining industry DECEMBER 2021 INVESTOR PRESENTATION N TM * Free Cash through Q3 2021, see endnote. **See endnotes dividends and share repurchase program. NEWMONT CORPORATION 11#12Disciplined Capital Allocation Priorities N TM INVESTING IN ORGANIC GROWTH RETURNING CASH TO SHAREHOLDERS 0 ass) ($C MAINTAINING FINANCIAL FLEXIBILITY Sustaining capital of ~$1B per year Average attributable development capital of $600M to $800M per year Exploration & advanced projects investment of ~$400M per year Industry-leading dividend framework $1B share repurchase program to be used opportunistically* On track to return >$2B to shareholders through dividends and share buybacks in 2021* Liquidity of $7.6B and cash position of $4.6B at Q3 Net debt to adjusted EBITDA** ratio of 0.2x Optionality in the balance sheet with a weighted average cost of debt at 4.3% *See endnote re returns to shareholders and cautionary statement; returns include dividends and share repurchases **See endnotes Resilient and Flexible Capital Structure Across Cycles DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 12#13Free Cash Flow Increases with Higher Gold Price N TM ANNUAL INCREMENTAL FREE CASH FLOW* $1,200 +$1.2B $1,500 +$2.4B $1,800 +$3.6B $2,100 +$400M FCF per annum for every $100/oz increase in gold price *Free Cash Flow assumptions as of December 2, 2021; Includes impacts from approved projects and Yanacocha Sulfides, Pamour and Cerro Negro Expansions 1. See endnotes re outlook, Free Cash Flow, Attributable Free Cash Flow and Dividends. DECEMBER 2021 INVESTOR PRESENTATION +$4.8B $2,400 INCREMENTAL FCF NEWMONT CORPORATION 13#14Industry-Leading Dividend Framework ■Leading $1.00/share sustainable base dividend ■ Targeting 40% - 60% of incremental attributable Free Cash Flow above $1,200/oz returned to shareholders ■ Evaluating gold price increments of -$300/oz ANNUALIZED DIVIDEND PAYOUT $2.80 - $3.70 ◉ Approved quarterly by Board of Directors = Annualized dividend payout framework* $1.00/share sustainable base dividend (payable at $1,200/oz gold price) + $1.20/share incremental payment (Q3 2021 dividend set assuming ~40% of incremental attributable FCF at $1,800/oz gold price) $2.20/share annualized dividend payout* $1.60 - $1.90 $2.20 - $2.80 Q3 2021 Dividend $1.00 $1.00 $1.00 $1,800/oz *Investors are reminded that Newmont's dividend framework is non-binding and an annualized dividend has not been declared by the Board. Dividends beyond the third quarter dividend remain subject to future consideration and declaration is the discretion of the Board. See endnote re dividends and returns to shareholders. $1,500/oz Declared Third Quarter Dividend of $0.55 Per Share DECEMBER 2021 INVESTOR PRESENTATION $2,100/oz N TM NEWMONT CORPORATION 14#15N External Recognition for Responsible Business Practices ☑ ESG RATINGS SAM S&P (DJSI) SUSTAINALYTICS ESG RECOGNITION TRANSPARENCY CLIMATE TM 99% Percentile ranking global metals and mining sector 23 ESG Risk Rating measures exposure and management of material ESG risks* #2 Most transparent company in S&P 500; Bloomberg ESG Disclosure Score B CDP Climate Scores reflective of coordinated action on climate issues MSCI AA Top-quartile Precious metals and mining ISS GOVERNANCE QUALITYSCORE GLOBAL TOP 100 HUMAN RIGHTS 1 Top-decile for high-quality governance practices and lower governance risk #6 Ranking among the 100 Best Corporate Citizens by 3BL #19 Among more than 200 Companies on Corporate Human Rights Benchmark Ratings and rankings can fluctuate throughout the year, either based on Newmont performance, or relative to sector rankings and/or ratings agency scoring changes and periodic updates. Ratings and recognition items shown here are effective as of December 1, 2021 and are subject to change. *The Sustainalytics rating shown on the ESG screen of the Bloomberg terminal has changed from a percentile rank to a risk score. Newmont's 23 score translates to Medium Risk. Named as the Co-Leader of Mining & Metals sector on the Dow Jones Sustainability Index in 2021 DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 15#16Focused on Value, Driven by Purpose 2020 SUSTAINABILITY REPORT 2020 CLIMATE STRATEGY REPORT Focused on Value. Driven by Purpose. 2020 SUSTAINABILITY REPORT Focused on Value. Driven by Purpose. 2020 CLIMATE STRATEGY REPORT Newmont. - 100 YEARS Newmont 100 YEARS STANDARDS AND PERFORMANCE EXPECTATIONS Sustainability Accounting Standards Board (SASB) Task Force on Climate-related Financial Disclosures (TCFD) Extractive Sector Transparency Measures Act (ESTMA) ICMM Mining Principles: Performance Expectations World Gold Council: Responsible Gold Mining Principles DECEMBER 2021 INVESTOR PRESENTATION ADDITIONAL REPORTS ON OUR WEBSITE ■ 2020 SASB Index ■ 2020 Conflict-Free Gold Report - 2020 Policy Influence Disclosure Assurance statements 2020 ESG Data Tables Historical CDP Water and CDP Climate Responses N TM NEWMONT CORPORATION 16#17Newmont.c - – 100 YEARS – #1 gold producer with an average ~8M GEOS* per year through 2031 and significant exposure to other metals Industry's leading portfolio of world-class assets in top-tier jurisdictions Recognized sustainability leader committed to creating value and improving lives Proven operating model and deep bench of experienced leaders with strong track record Strong free cash flow generation and margins with significant leverage to higher gold prices Focused on industry-leading returns to shareholders with disciplined capital allocation through the cycle *See endnotes DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 17#18Newmont TM CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING Appendix#19Delivering on Capital Allocation Strategy in 2021 N TM ✓ Delivered first Autonomous Haulage Fleet to gold mining industry ✓ Approved full funds for Ahafo North and progressing Tanami Expansion 2 INVESTING IN ORGANIC BE GROWTH ✓ Progressing Yanacocha Sulfides, investing at least $500M through 2022 with a full funds decision expected in H2 2022 RETURNING CASH TO SHAREHOLDERS MAINTAINING FINANCIAL FLEXIBILITY ✓ Completed GT Gold transaction, increasing our interest in the prospective Golden Triangle Maintained industry-leading dividend framework, providing stability and predictability ✓ Declared Q3 dividend of $0.55 per share, in line with prior quarter ✓ Completed >$400M of share repurchases from $1B buyback program ✓ Liquidity of $7.6B and cash balance of $4.6B at Q3 ✓ Received >$250M in cash for sale of non-core asset sales ✓ Redeemed 2021 Senior Notes, paid $550M with available cash (ass) & ✓ Maintained net debt to adjusted EBITDA ratio of 0.2x Executed $3B sustainability-linked revolving credit facility On track to return >$2 Billion to Shareholders Through Dividends and Share Buybacks in 2021 DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 19#20Five Year Outlook: $1,800/oz Gold Price Assumption N TM GUIDANCE METRIC (+/- 5%) 2022E 2023E 2024E 2025E 2026E * Gold production (Mozs) 6.2 6.0-6.6 6.2-6.8 6.2-6.8 ** Other metal production** (Mozs) 1.3 1.4-1.6 1.4-1.6 1.4-1.6 6.2-6.8 1.4 - 1.6 * Total GEO production (Mozs). 7.5 7.5-8.1 7.7 -8.3 7.7 -8.3 7.7 - 8.3 Gold CAS ($/oz) $820 $740 - $840 $700 - $800 $700 - $800 $700 - $800 Co-product GEO CAS ($/oz) $675 $600 - $700 $500 - $600 $500 - $600 $500 - $600 Total GEO CAS ($/oz) $800 $710 - $810 $640 - $740 $640 - $740 $640 - $740 Gold AISC ($/oz)* *** $1,050 $980 - $1,080 $920 - $1,020 $920 - $1,020 $920 - $1,020 Co-Product GEO AISC ($/oz)*** $975 $900 - $1,000 $800 - $900 $800 - $900 $800 - $900 Total GEO AISC ($/oz)*** $1,030 $950 - $1,050 $880 - $980 $880 - $980 $880 - $980 Sustaining capital* ($M) $925 $825 - $1,025 $825 - $1,025 $825 - $1,025 $825 - $1,025 Development capital* ($M) $1,200 $1,100 – $1,300 $800 $1,000 $200 - $400 $100 - $300 Total capital* ($M) $2,125 $2,025 - $2,225 $1,725 - $1,925 $1,125 - $1,325 $1,025 - $1,225 *Attributable basis; **Attributable co-product gold equivalent ounces; includes copper, zinc, silver and lead; ***Consolidated basis; see endnotes DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 20#21Five Year Outlook: $1,200/oz Gold Price Assumption N TM GUIDANCE METRIC (+/- 5%) 2022E 2023E 2024E 2025E 2026E * Gold production (Mozs) 6.2 6.0-6.6 6.2-6.8 6.2-6.8 ** Other metal production** (Mozs) 1.3 1.4-1.6 1.4-1.6 1.4-1.6 6.2-6.8 1.4 - 1.6 * Total GEO production (Mozs) 7.5 7.5-8.1 7.7 -8.3 7.7 -8.3 7.7 -8.3 Gold CAS ($/oz) $760 $700 - $800 $670 - $770 $670 - $770 $670 - $770 Co-product GEO CAS ($/oz) $650 $575 - $675 $475 - $575 $475 - $575 $475 - $575 Total GEO CAS ($/oz) $740 $660 - $760 $600 - $700 $600 - $700 $600 - $700 Gold AISC ($/oz)** $990 $940 $1,040 $880 - $980 $880 - $980 $880 - $980 Co-Product GEO AISC ($/oz)* Total GEO AISC ($/oz)** * Sustaining capital* ($M) *** $950 $875 - $975 $775 - $875 $775 - $875 $775 - $875 *** $970 $910-$1,010 $840 - $940 $840 - $940 $840 - $940 $925 $825 $1,025 $825 $1,025 $825 $1,025 $825 $1,025 Development capital* ($M) Total capital ($M) $1,200 $1,100 $1,300 $800 $1,000 $200 - $400 $100 - $300 $2,125 $2,025 $2,225 $1,725 - $1,925 $1,125 $1,325 $1,025 - $1,225 *Attributable basis; **Attributable co-product gold equivalent ounces; includes copper, zinc, silver and lead; ***Consolidated basis, see endnotes DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 21#22Industry-Leading Portfolio Delivers Long-Term Value N TM AUSTRALIA Growing Profitable Production Boddington adds production from higher grades and ramp-up of AHS Tanami continues steady performance and progresses Tanami Expansion 2 Tanami Expansion 2 secures future to 2040 and provides platform for growth NORTH AMERICA Extending Mine Life Peñasquito continues stripping at Chile Colorado and Peñasco Musselwhite and Éléonore improve production and productivity Porcupine delivers higher grades and prepares for Pamour layback ■ CC&V layback to extend mine life SOUTH AMERICA Preparing for Future Growth Cerro Negro improves productivity and progresses district expansions Merian delivering steady production despite harder ore ■ Yanacocha focused on leach operations, developing first phase of Sulfides deposits AFRICA Maintaining Strong Performance Akyem extending life through layback Ahafo reaching higher grades adding production from mining method change Ahafo North expands existing footprint in Ghana and provides significant upside potential NEVADA GOLD MINES (38.5%) Production of 1.25Moz in 2022 PUEBLO VIEJO (40%) Production of 285Koz in 2022 DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 22 222#23Tanami Growing Position as a World-Class Asset OPERATIONAL EFFICIENCY IMPROVES MARGINS Delivers a 1.5 km deep production shaft, reducing operating costs by ~10% through efficiency improvements ✓ Enables future processing of ~3.3 Mtonnes of ore per year ✓ Annual production increase of 150koz - 200koz for the first five full years with average AISC of $600-$700/oz (2024-2028)* INDICATIVE TANAMI PRODUCTION PROFILE (KOZS) 800 PROGRESSING TANAMI EXPANSION 2 N TM ✓ Supports Tanami's future as a long-life, low-cost producer and unlocks operational bottlenecks Extends mine life beyond 2040 & provides platform for future growth through district expansion Engineering and shaft reaming progressing; overall project is -35% complete Tanami Base Tanami Expansion 2 600 400 200 2021 2022 *Costs presented using a $1,200/oz gold price assumption. DECEMBER 2021 INVESTOR PRESENTATION 2023 2024 2025 2026 2027 2028 2029 NEWMONT CORPORATION 23 2030#24Ahafo North - Best Unmined Deposit in West Africa EXPANDING CURRENT FOOTPRINT IN GHANA ✓ Open pit mine, stand-alone mill for processing 3.5Mozs of Reserve and 1.0Mozs of Resource 13-year mine life with ~300Koz of average annual production over the first five years (2024 - 2028) ✓ First five-year CAS of $450-$550/oz and AISC of $600-$700/oz* PROGRESSING AHAFO NORTH ✓ Investment of $750-$850M with three-year development timeline N ✓ Permitting complete with full funds approval received in July ✓ Mineralization is open in all directions along 14km strike with significant upside potential INDICATIVE AHAFO NORTH PRODUCTION PROFILE (KOZS) 1,200 1,000 Ahafo South Base Ahafo North TM 800 600 400 200 2021 2022 2023 2024 2025 2026 2027 2028 *Costs presented using a $1,200/oz gold price assumption. DECEMBER 2021 INVESTOR PRESENTATION 2029 2030 NEWMONT CORPORATION 24#25Yanacocha Sulfides Advances Towards 2022 Approval NEXT CHAPTER IN YANACOCHA'S LONG HISTORY First phase includes Yanacocha Verde and Chaquicocha deposits to profitably extend Yanacocha operations beyond 2040 Investing at least $500M through 2022 with a full funds decision expected in H2 2022 $2.5B total investment for incremental average production of -525KGEO's per year for the first five full years (2027-2031) N PROFITABLE PRODUCTION WITH FURTHER UPSIDE ✓ First five-year average CAS of $500- $600/GEO and AISC of $700 $800/GEO (2027-2031)*** ✓ Includes the construction of an autoclave to produce ~45% gold, ~45% copper, and -10% silver Second and third phases planned to further extend mine life, adding profitable production for multiple decades INDICATIVE YANACOCHA PRODUCTION PROFILE* (GEO** KOZS, 100%) 800 600 TM Gold Production (Base) Gold Production (Sulfides*) Copper Co-Product GEOS** (Sulfides*) Silver By-Product GEOs** (Sulfides*) 400 200 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 *Not yet approved but included in outlook. See endnote re Outlook. **Copper represented as a co-product (included in production) and silver represented as a by-product (offset to CAS). See endnote re calculation of GEOS. ***Costs presented using a $1,200/oz gold price assumption. DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 25#26Porcupine Adds Profitable Production With Pamour N EXTENDING MINE LIFE IN A PROVEN DISTRICT ✓ Pamour layback adds 1.6 Moz gold production to Porcupine, extending mine life through 2035 ✓ Optimizes mill capacity adding volume and supporting high- grade ore from Borden and Hoyle Pond ✓ Dewatering to commence in late-2022 to advance the project EXISTING INFRASTRUCTURE IMPROVES RETURNS ✓ ~$400 million development capital with a full funds decision expected in the second half of 2022 100% Newmont owned, leverages existing processing facilities Supports further exploration in a highly prospective and proven mining district TM INDICATIVE PORCUPINE PRODUCTION PROFILE* (KOZS) 400 200 2021 2022 2023 2024 *Not yet approved but included in outlook. See endnote re Outlook. DECEMBER 2021 INVESTOR PRESENTATION Porcupine Base Extended Porcupine (including Pamour) 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 NEWMONT CORPORATION 26#27Expanding the Cerro Negro District in Argentina UP TO 50% INCREASE IN ANNUAL PRODUCTION ✓ The project is expected to improve annual production to above 350 Koz beginning in 2024 ✓ Attractive AISC under $900 per ounce ** ✓ Extends mine life of existing operations beyond 2030 ✓ The first expansion includes the development of Marianas and Eastern districts unlocking value through shared resources SIGNIFICANT EXPLORATION UPSIDE ✓ Highly prospective and underexplored gold district N TM ✓ Among the top land packages in Newmont's portfolio; doubled size since Goldcorp acquisition ✓ Deposits remain open along strike and at depth ✓ Provides platform for further exploration and growth through future expansions INDICATIVE CERRO NEGRO EXPANSION 1 PROFILE* (KOZS) 400 Cerro Negro Base Marianas District Expansion Eastern District 200 2021 2022 2023 *Not yet approved but included in outlook. See endnote re Outlook. **Costs presented using a $1,200/oz gold price assumption. DECEMBER 2021 INVESTOR PRESENTATION 2024 2025 2026 2027 2028 2029 2030 2031 2032 NEWMONT CORPORATION 27#28Significant Milestones in Our ESG Journey 2001 Founding member of ICMM 2003-2004 Supporter of Extractive Industries Transparency Initiative 2004 Established Safety & Sustainability Board committee 2005 Initial signatory of the International Cyanide Management Code 2007 Appointed Company's first Chief Sustainability Officer 2010 Began annual CDP Climate and Water disclosures 2013 Adopted Conflict-Free Gold Standard 2013-2018 Inclusion and Diversity targets established at enterprise and regional levels 2015-2020 DJSI World gold industry sustainability leader 2003 Founding 2004 First member of Partnering Against sustainability report issued Corruption Initiative DECEMBER 2021 INVESTOR PRESENTATION N TM 2016 Sustainability and safety targets included in compensation plans 2016 First mining CEO to commit to Paradigm for Parity 2020 Implementing Global Industry Standard on Tailings Management 2020 Sustainability report aligned to TCFD and SASB Standards 2021 Strategic alliance with CAT to achieve zero emissions 2006 2007 Named to DJSI North World Index Named to DJSI North America Index 2014 Established annual public sustainability targets 2014 Diversity metrics included in personal objectives for certain 2015 Early adopter of the UN Guiding Principles on Business and Human Rights Reporting Framework 2017 Initiated Fatality Risk Management program to support a fatality, injury and illness free environment 2020 Set 2030 science- based climate targets and 2050 net zero carbon goal 2020 Committed $500M over five years toward climate 2021 First climate strategy report issued Executives change initiatives NEWMONT CORPORATION 28#29Reducing Our Carbon Footprint >30% REDUCTION Absolute GHG Emissions and Intensity by 2030 (Scope 1 and 2) 30% REDUCTION Absolute GHG Emissions of joint venture assets and supply chain by 2030 (Scope 3) N TM 100% CARBON NEUTRAL 2050 Ambition Targets will be delivered from our current operating assets Shift to renewable energy, fuel switching, fleet electrification, and site energy efficiency improvements through our Full Potential program IDENTIFIED PATHWAY AND REDUCTION OPPORTUNITIES Reduction targets and associated projects ongoing for joint ventures, represents ~40% of Scope 3 emissions Top 40% of supply and value chain partners have set established targets Developed phased approach for suppliers to manage performance over time SUPPORTED BY COLLABORATION AND PARTNERHSIPS For more information, please refer to our Climate Strategy Report and page 97 of our Annual Sustainability Report, which can be found on our website. Principles for greenfield & brownfield projects that incorporate reduced carbon and carbon-neutral approaches Use of the mitigation hierarchy to drive reductions (avoid, mitigate, offset) Ongoing economic, technological and policy improvements MAKING DECISIONS TODAY TO REACH 2050 GOALS Science-Based Climate Targets, Approved by SBTI in June 2021 DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 29#30Targeted Strategy to Reduce Scope 1 & 2 Emissions PROJECTS IDENTIFIED OPPORTUNITIES THROUGH RENEWABLES >30% Reduction in Scope 1 & 2 Emissions RENEWABLES OPERATIONAL CHANGES ~10% YANACOCHA Evaluating a wind project ~10% TANAMI Evaluating future wind and solar projects >800 KtCO2e Reduction from Renewable Energy ENERGY EFFICIENCY ~20% PEÑASQUITO Studying a solar project N TM ~40% BODDINGTON Evaluating future wind and solar projects For more information, please refer to our Climate Strategy Report and page 97 of our Annual Sustainability Report, which can be found on our website. Renewable Energy Projects at Four Sites Represent ~80% of the Emissions Reduction to Achieve 2030 Targets DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 30#31Pathway to Achieving Climate Change Goals N ENERGY OPTIMIZATION Productivity, Electrification, Fuel Alternatives, etc. 10+ YEARS Battery Electric Haul Trucks All Sites and Projects - Global Trolley Assist Haul Fleet All Sites and Projects - Global Carbon Sequestration All Sites and Projects - Global Nature-Based Solutions All Sites and Projects - Global NEXT 10 YEARS Less Energy Intensive Ore Separation All Sites Global - Eco-Efficiencies in Comminution Mineral Processing All Sites Global Fleet Electrification (Tanami Expansion 2) Tanami - Australia Trolley Assist Haul Fleet Peñasquito - Mexico IN EXECUTION Mine Electrification (Borden) Porcupine Canada - Further Optimize Haul Truck Routes All Sites - Global Variable Frequency Pump Motors All Sites Global - SUPPLY CONVERSION Energy Sources, Site Renewables, etc. Solar, Geothermal, Wind, Hydro, & Hydrogen Power All Sites and Projects - Global Solar Power Boddington and Tanami - Australia Peñasquito - Mexico Yanacocha - Peru Wind Power Boddington and Tanami - Australia Yanacocha - Peru Negotiating 5-Year Agreement for 100% Renewable Energy Yanacocha - Peru For more information, please refer to our Climate Strategy Report and page 97 of our Annual Sustainability Report, which can be found on our website. DECEMBER 2021 INVESTOR PRESENTATION Battery Energy Storage Tanami - Australia Merian Suriname - Directing $500M Over Five Years Toward Climate Change Initiatives NEWMONT CORPORATION 31#32Social Acceptance Built on Trust and Engagement N CLOSURE POST-CLOSURE VALUE CR CREATION ENGAGEMENT MINE LIFECYCLE EXPLORATION IMPACT MANAGEMENT For more information, please refer to page 73 of our Annual Sustainability Report, which can be found on our website. DECEMBER 2021 INVESTOR PRESENTATION DEVELOPMENT & DESIGN KEY PRINCIPLES Proactively engage stakeholders Develop relationships based on inclusion, transparency and integrity Act with humility and a willingness to listen Integrate stakeholder considerations into managing risks Develop long-term, positive cumulative impacts Collaborate to catalyze socio-economic development Ensure communities can thrive during operations and after mining ceases NEWMONT CORPORATION 32 TM#33Governance Underpins Sustainability Strategy SUSTAINABILITY GOVERNANCE AT NEWMONT BOARD OF DIRECTORS Oversight, advice and counsel on key sustainability matters Dedicated Safety & Sustainability Committee EXECUTIVE LEADERSHIP EVP and Chief Sustainability Officer Responsible for executing the sustainability strategy SENIOR LEADERSHIP TEAM " SVP, External Relations Responsible for delivering on the sustainability strategy REGIONAL/SITE TEAMS Focused on safe production and the integration of and compliance with sustainability standards CORPORATE TEAMS Responsible for establishing standards and guidelines ■ Provide shared services to all regions ■ Monitor regional and site performance For more information, please refer to page 54 of our Annual Sustainability Report, which can be found on our website. DECEMBER 2021 INVESTOR PRESENTATION SHORT-TERM INCENTIVE PLAN N 20% Health and Safety 10% Sustainability Environment, Sustainability & Governance ESG Comprises 30% 25% Efficiency / Production Costs Operational Excellence 25% Value Creation 20% Growth Success Growth NEWMONT CORPORATION 33 TM#34Broad Management Experience EXECUTIVE LEADERSHIP TEAM Tom Palmer Rob Atkinson President and CEO EVP and COO Nancy Buese EVP and CFO H BOARD OF DIRECTORS N TM Greg Boyce, Chair Bruce R. Brook Maura Clark Matthew Coon Come Steve Gottesfeld EVP and CSO Nancy Lipson EVP General Counsel René Médori Julio Quintana Susan Story Jane Nelson Jen Cmil EVP HR Dean Gehring Patrick G. Awuah Jr. José Manuel Madero Emma FitzGerald EVP and CTO DECEMBER 2021 INVESTOR PRESENTATION Mary Laschinger NEWMONT CORPORATION 34#35Executive Compensation Structure BALANCED AND WEIGHTED TOWARD DELIVERY OF RESULTS 22% Restricted Stock Price Performance ► Value aligned with NEM performance Stock Units 44% Performance Stock Units 14% Company Bonus 6% Personal Bonus 14% Base Salary Relative Stock Performance Operating and Financial Performance Growth Sustainability Leadership Measures Base Pay Long-term incentive to outperform gold competitors: Relative TSR performance ▸ Safety & Sustainability Financial performance ► Growth (Reserves, Projects) ▸ Strategic and Leadership objectives (with defined goals) Adjusted for performance, scope Market rate DECEMBER 2021 INVESTOR PRESENTATION N TM NEWMONT CORPORATION 35#36Robust Reserves in Top-Tier Jurisdictions REPLACED 80 PERCENT OF DEPLETION IN 2020 GOLD Australia 20% Africa 12% South America 33% 94 Moz Gold Reserves* & 101 Moz Gold Resources** North America 35% ✓ 88% Reserves located in the Americas & Australia ✓ >10 years of gold reserve life at world-class operations ✓ 117 ounces of Reserves for every 1,000 NEM shares GOLD EQUIVALENT OUNCES Silver 12% Copper 75% 65 Moz GEO Reserves* & 107 Moz GEO Resources** Other 13% N TM ✓ Significant upside to other metals in the Americas & Australia ✓ 41 billion copper pounds of Reserves and Resources ✓ 1.3 billion silver ounces of Reserves and Resources *Refer to endnotes for additional information regarding reserves and resources and the calculation of gold equivalent ounces (GEO); **Gold Resources consist of 69.6Moz Measured and Indicated and 31.6Moz Inferred Resources. GEO Resources consist of 73M GEO of Measured and Indicated and 34M GEO Inferred factored by assumed recovery. Refer to endnotes for detail of resources, recovery rates and the calculation of GEO. DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 36#37Exploration is a Core Expertise and Investment Priority EXPLORATION IS THE FOUNDATION FOR GROWING RESERVES AND SUSTAINING PRODUCTION N Exploration Success Sector-Leading Team 28 Discoveries 338 Geoscientists Underpinned by a Proven Operating Model Cutting Edge Exploration Technologies Technology Safety and Sustainability Land Position Industry Leading Safety and ESG Practices 59,000 km² Land Holding of Highly Prospective Ground Partnerships Expertise *See endnote re reserves and resources DECEMBER 2021 INVESTOR PRESENTATION Joint Ventures, Exploration Alliances, Equity Investments Proud History of Exploration Built on Knowledge, Teamwork and Discoveries 58 Moz of Reserves replaced by the drill bit in the last decade* wwmont NEWMONT CORPORATION 37#38Developing Mining Districts Through Exploration UNMATCHED LAND POSITION OF 59,000 KM²* IN TOP PROSPECTIVE EXPLORATION DOMAINS TINTINA PROVINCE Coffee Triumph Gold Independence Gold GOLDEN TRIANGLE Galore Creek GT Gold QuestEx Gold and Copper CARLIN TREND Nevada Gold Mines* Liberty Gold MESA CENTRAL SUPERIOR PROVINCE Porcupine Borden Éléonore Musselwhite Éléonore South JV Wabamisk JV Quebec Precious Metals Sirios Resources Metals Creek Resources Probe Metals Fury Gold Mines Limited Azimut Exploration Inc. RIO GRANDE RIFT Cripple Creek & Victor HISPANIOLA Pueblo Viejo* TANAMI Tanami Prodigy Gold JV CENTRALIAN Christmas Creek JV YILGARN Boddington LACHLAN Alliance JVs Australia Japan N TM Peñasquito Valenciana JV Frisco JV Orla Mining Newmont Asset Joint Venture Equity Investment ANDES Yanacocha Norte Abierto Nueva Union Agua Rica JV Anza JV Sombrero Resources DESEADO MASSIF Cerro Negro Boleadora Lease *See endnote re Newmont Asset and Land Position DECEMBER 2021 INVESTOR PRESENTATION GUIANA SHIELD Merian Espérance JV Sarafina Lease JAPAN Irving Japan Alliance Japan Gold W. AFRICA CRATON Ahafo Akyem NUBIAN SHIELD Ezana JV Africa NEWMONT CORPORATION 38#39Nevada Joint Venture Processes For contributing excluded assets Four Mile (Barrick), Fiberline (Newmont) and Mike (Newmont): N TM ■ 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 completed by mutually agreed third-party engineering company Non-contributing party can pay cash for its share of asset or dilute its equity interest in the JV Value for the contributed asset is established as follows: ■ Assets contributed at "fair market value" - cash purchase price a knowledgeable buyer would pay in an arm's length transaction ■ "Fair market value" determined jointly by Newmont and Barrick ■ If parties cannot agree on value, independent experts appointed to set "fair market value" ■ Valuation methodology takes into account all factors the independent expert considers relevant, including, among others, benefits resulting from the JV infrastructure, taking into account the impact of the excluded asset on existing operations Cash available for distribution requirements: ■ Applies to cash and cash equivalents in all JV bank accounts, less current liabilities and budgeted operating expenses and capital expenditures, in each case payable or to be incurred over the following three weeks, plus reasonable and normal reserve accounts Must be disbursed monthly to the parties, in proportion to their respective JV ownership ■ Cash distribution policy can only be changed by unanimous decision of the JV Board DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 39#402022 Consolidated Expense and Capital Outlook GUIDANCE METRIC ($M) (+/- 5%) 2022 2023 Consolidated Sustaining Capital $1,000 $900 $1,100 Consolidated Development Capital $1,400 $1,300 – $1,500 Total Consolidated Capital $2,400 $2,300 $2,500 Attributable Sustaining Capital $925 $825 $1,025 2024 $900 - $1,100 $1,100 $1,300 $2,100 $2,300 $825 - $1,025 Attributable Development Capital $1,200 $1,100 $1,300 Total Attributable Capital $2,125 $2,025 - $2,225 $800 - $1,000 $1,725 - $1,925 2025 $900 - $1,100 $400 - $600 $1,400 - $1,600 $825 - $1,025 $200 - $400 $1,125 - $1,325 GUIDANCE METRIC ($M) (+/- 5%) 2022 (1) (2) General & Administrative 260 Interest Expense 225 Depreciation and Amortization 2,300 Exploration & Advanced Projects Adjusted Tax Rate 1,2 450 30%-34% DECEMBER 2021 INVESTOR PRESENTATION N 2026 $900 - $1,100 $100 - $300 $1,100 $1,300 $825 $1,025 $100 - $300 $1,025 - $1,225 TM The adjusted tax rate excludes certain items such as tax valuation allowance adjustments. Assuming average prices of $1,800 per ounce for gold, $3.25 per pound for copper, $23 per ounce for silver, $0.95 per pound for lead, and $1.15 per pound for zinc and achievement of current production and sales volumes and cost estimates, we estimate our consolidated adjusted effective tax rate related to continuing operations for 2022 will be between 30%-34%. NEWMONT CORPORATION 40#412022 Site Outlooka as of December 2, 2021 Consolidated All- Consolidated Production (Koz) Attributable Production (Koz) Consolidated CAS (s/oz) In Sustaining Costs (s/oz) Consolidated Sustaining Capital Consolidated Development Capital Expenditures (SM) Expenditures ($M) a) CC&V 210 210 975 1,200 35 Éléonore Peñasquito 275 275 975 1,150 30 475 475 650 850 125 Porcupine 340 340 875 1,025 40 100 Musselwhite 200 200 875 1,150 50 Other North America Cerro Negro Yanacocha Merian Pueblo Viejo 260 260 875 1,095 50 75 225 105 1,100 1,375 25 475 465 350 750 860 50 285 Other South America b) Boddington 900 900 750 860 95 10 Tanami 500 500 625 960 125 275 c) Other Australia 15 Ahafo Akyem Ahafo North 650 650 875 1,000 85 30 d) 400 400 725 925 40 10 e) 340 Other Africa Nevada Gold Mines 1,250 1,250 825 1,050 245 70 f) Corporate/Other Peñasquito - Co-products (GEO)* 1,000 1,000 670 940 Boddington - Co-products (GEO)* 300 300 740 890 Peñasquito - Silver (Moz) Peñasquito - Lead (Mlbs) Peñasquito - Zinc (Mlbs) Boddington - Copper (Mlbs) 29 29 150 150 350 350 110 110 DECEMBER 2021 INVESTOR PRESENTATION N 2022 outlook projections are considered forward-looking statements and represent management's good faith estimates or expectations of future production results as of December 2, 2021. Outlook is based upon certain assumptions, including, but not limited to, metal prices, oil prices, certain exchange rates and other assumptions. For example, 2022 Outlook assumes $1,800/oz Gold, $3.25/lb Copper, $23.00/oz Silver, $1.15/lb Zinc, $0.95/lb Lead, $0.75 USD/AUD exchange rate, $0.80 USD/CAD exchange rate and $60/barrel WTI. Production, CAS, AISC and capital estimates exclude projects that have not yet been approved, except for Yanacocha Sulfides, Pamour and Cerro Negro District Expansion 1 which are included in Outlook. The potential impact on inventory valuation as a result of lower prices, input costs, and project decisions are not included as part of this Outlook. Assumptions used for purposes of Outlook may prove to be incorrect and actual results may differ from those anticipated, including variation beyond a +/-5% range. Outlook cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon Outlook and forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. Amounts may not recalculate to totals due to rounding. See cautionary. All-in sustaining costs (AISC) as used in the Company's Outlook is a non-GAAP metric; see below for further information and reconciliation to consolidated 2022 CAS outlook. Consolidated production for Yanacocha and Merian is presented on a total production basis for the mine site; attributable production represents a 51.35% interest for Yanacocha and a 75% interest for Merian. Attributable production includes Newmont's 40% interest in Pueblo Viejo, which is accounted for as an equity method investment. Represents the ownership interest in the Nevada Gold Mines (NGM) joint venture. NGM is owned 38.5% by Newmont and owned 61.5% and operated by Barrick. The Company accounts for its interest in NGM using the proportionate consolidation method, thereby recognizing its pro-rata share of the assets, liabilities and operations of NGM. Gold equivalent ounces (GEO) are calculated as pounds or ounces produced multiplied by the ratio of the other metal's price to the gold price, using Gold ($1,200/oz.), Copper ($3.25/lb.), Silver ($23.00/oz.), Lead ($0.95/lb.), and Zinc ($1.15/lb.) pricing. NEWMONT CORPORATION 41 TM#42Adjusted net income (loss) N Management uses Adjusted net income (loss) to evaluate the Company's operating performance and for planning and forecasting future business operations. The Company believes the use of Adjusted net income (loss) allows investors and others to understand the results of the continuing operations of the Company and its direct and indirect subsidiaries relating to the sale of products, by excluding certain items that have a disproportionate impact on our results for a particular period. Adjustments to continuing operations are presented before tax and net of our partners' noncontrolling interests, when applicable. The tax effect of adjustments is presented in the Tax effect of adjustments line and is calculated using the applicable regional tax rate. Management's determination of the components of Adjusted net income (loss) are evaluated periodically and based, in part, on a review of non-GAAP financial measures used by mining industry analysts. Net income (loss) attributable to Newmont stockholders is reconciled to Adjusted net income (loss) as follows: TM Loss on assets held for sale, net, included in Loss on assets held for sale, represents the loss recognized due to the reclassification of the Conga mill assets as held for sale during the third quarter of 2021. The assets were remeasured to fair value less costs to sell. Amounts are presented net of income (loss) attributable to noncontrolling interests of $(199) and $(199), respectively. Refer to Note 7 of the Condensed Consolidated Financial Statements for further information. Three Months Ended September 30, 2021 (1) Nine Months Ended September 30, 2021 Per share measures may not recalculate due to rounding. (2) per share data (1) basic diluted per share data (1) basic diluted (3) $ 3 $ - $ - $ 1,212 $ 1.52 $ 1.51 (4) Net income (loss) attributable to Newmont stockholders Net loss (income) attributable to Newmont stockholders from discontinued operations Net income (loss) attributable to Newmont stockholders from continuing operations Loss on assets held for sale, net (2) Change in fair value of investments (3) (11) (0.01) (0.01) (42) (0.05) (0.05) (5) (6) (8) (0.01) (0.01) 1,170 1.47 1.46 (7) 372 0.47 0.46 372 0.47 0.46 96 0.12 0.12 180 0.23 0.23 (8) Reclamation and remediation charges (4) (Gain) loss on asset and investment sales (5) Impairment of long-lived and other assets (6) 79 0.10 0.10 109 0.14 0.14 (9) Settlement costs (7) Restructuring and severance, net (8) COVID-19 specific costs (9) Impairment of investments Tax effect of adjustments (10) Valuation allowance and other tax adjustments, net (11) Adjusted net income (loss) (12) Weighted average common shares (millions): (13) 6 - (3) (46) (0.05) (0.05) 0.01 0.01 18 0.02 0.02 1 1 | | | | 11 0.01 0.01 9 0.01 0.01 3 1 (167) (0.22) (0.21) (197) (0.27) (0.25) 106 0.13 0.13 117 0.15 $ 483 $ 0.60 $ 0.60 $ 1,747 $ 2.18 $ 0.15 2.18 799 800 800 802 Change in fair value of investments, included in Other income (loss), net, primarily represents unrealized gains and losses related to the Company's investment in current and non-current marketable and other equity securities. For further information regarding our investments, refer to Note 14 of the Condensed Consolidated Financial Statements. Reclamation and remediation charges, included in Reclamation and remediation, represent revisions to reclamation and remediation plans at the Company's former operating properties and historic mining operations that have entered the closure phase and have no substantive future economic value. Refer to Note 5 of the Condensed Consolidated Financial Statement for further information. (Gain) loss on asset and investment sales, included in Gain on asset and investment sales, net, primarily represents a gain on the sale of TMAC. For further information, refer to Note 9 of the Condensed Consolidated Financial Statements. Impairment of long-lived and other assets, included in Other expense, net, represents non-cash write-downs of various assets that are no longer in use and materials and supplies inventories. Settlement costs, included in Other expense, net, primarily are comprised of a voluntary contribution made to the Republic of Suriname. Restructuring and severance, net, included in Other expense, net, primarily represents severance and related costs associated with significant organizational or operating model changes implemented by the Company. Amounts are presented net of income (loss) attributable to noncontrolling interests of $- and $(1), respectively. COVID-19 specific costs included in Other expense, net, primarily include amounts distributed from the Newmont Global Community Fund to help host communities, governments and employees combat the COVID-19 pandemic. Adjusted net income (loss) has not been adjusted for $23 and $63, respectively, of incremental COVID-19 costs incurred as a result of actions taken to protect against the impacts of the COVID-19 pandemic at our operational sites. Refer to Note 8 of the Condensed Consolidated Financial Statements for further information. (10) The tax effect of adjustments, included in Income and mining tax benefit (expense), represents the tax effect of adjustments in footnotes (2) through (9), as described above, and are calculated using the applicable regional tax rate. (11) Valuation allowance and other tax adjustments, net, included in Income and mining tax benefit (expense), is recorded for items such as foreign tax credits, alternative minimum tax credits, capital losses, disallowed foreign losses, and the effects of changes in foreign currency exchange rates on deferred tax assets and deferred tax liabilities. The adjustment for the three and nine months ended September 30, 2021 is due to increases or (decreases) to net operating losses, tax credit carryovers and other deferred tax assets subject to valuation allowance of $185 and $215 respectively, the effects of changes in foreign exchange rates on deferred tax assets and liabilities of $(11) and $(28) respectively, changes to the reserve for uncertain tax positions of $(1) and $21 respectively, and other tax adjustments of $2 and $(17), respectively. Total amount is presented net of income (loss) attributable to noncontrolling interests of $(69) and $(74), respectively. (12) Adjusted net income (loss) has not been adjusted for cash care and maintenance costs, included in Care and maintenance, which represent costs incurred associated with our Tanami mine site being temporarily placed into care and maintenance in response to the COVID-19 pandemic during a portion of the three and nine months ended September 30, 2021. Cash care and maintenance costs were $6 and $8 during the three and nine months ended September 30, 2021, respectively. (13) Adjusted net income (loss) per diluted share is calculated using diluted common shares in accordance with U.S. GAAP. For the three months ended September 30, 2021, potentially dilutive shares of 1 million were excluded from the computation of diluted loss per common share attributable to Newmont stockholders in the Condensed Consolidated Statement of Operations as they were antidilutive. These shares were included in the computation of adjusted net income per diluted share for the three months ended September 30, 2021. DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 42#43EBITDA and Adjusted EBITDA N 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") as non-GAAP measures to evaluate the Company's operating performance. EBITDA and Adjusted EBITDA do not represent, and should not be considered an alternative to, net income (loss), operating income (loss), or cash flow from operations as those terms are defined by GAAP, and do not necessarily indicate whether cash flows will be sufficient to fund cash needs. Although Adjusted EBITDA and similar measures are frequently used as measures of operations and the ability to meet debt service requirements by other companies, our calculation of Adjusted EBITDA is not necessarily comparable to such other similarly titled captions of other companies. The Company believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and Board of Directors. Management's determination of the components of Adjusted EBITDA are evaluated periodically and based, in part, on a review of non-GAAP financial measures used by mining industry analysts. Net income (loss) attributable to Newmont stockholders is reconciled to EBITDA and Adjusted EBITDA as follows: Three Months Ended September 30, Nine Months Ended September 30, (1) 2021 2020 2021 2020 (2) Net income (loss) attributable to Newmont stockholders $ 3 $ 839 $ 1,212 $ Net income (loss) attributable to noncontrolling interests (246) 17 (215) 2,005 22 (3) Net loss (Income) from discontinued operations (11) (228) (42) (145) (39) (53) (138) (119) 222 305 798 570 592 1,684 446 1,685 (4) 66 75 208 $ 565 $ 1,547 $ 3,507 $ 235 4,129 (5) (6) Depreciation and amortization Equity loss (income) of affiliates Income and mining tax expense (benefit) Interest expense, net of capitalized interest EBITDA Adjustments: Loss on assets held for sale (1) Change in fair value of investments (2) Reclamation and remediation adjustments (3) (Gain) loss on asset and investment sales (4) Impairment of long-lived and other assets (5) Settlement costs (6) Restructuring and severance (7) COVID-19 specific costs (8) ཊྛ8R༧༠ |│ $ 571 $ $ 571 $ 96 (57) 180 (191) (7) 79 109 (8) (3) (1) (46) (593) 6 24 18 29 26 11 34 (9) 9 10 12 1 32 67 Impairment of investments (9) 1 1 93 Pension settlements (10) 83 85 Loss on debt extinguishment (11) 77 Goldcorp transaction and integration costs (12) 23 Adjusted EBITDA (13) $ 1,316 $ 1,663 $ 4,364 $ 3,765 3 - 1 Loss on assets held for sale, included in Loss on assets held for sale, represents the loss recognized due to the reclassification of the Conga mill assets as held for sale during the third quarter of 2021. The assets were remeasured to fair value less costs to sell. Refer to Note 7 of the Condensed Consolidated Financial Statements for further information. Change in fair value of investments, included in Other income (loss), net, primarily represents unrealized gains and losses related to the Company's investments in current and non-current marketable and other equity securities. For further information regarding our investments, refer to Note 14 of the Condensed Consolidated Financial Statements. Reclamation and remediation charges, included in Reclamation and remediation, represent revisions to reclamation and remediation plans at the Company's former operating properties and historic mining operations that have entered the closure phase and have no substantive future economic value. Refer to Note 5 of the Condensed Consolidated Financial Statement for further information. (Gain) loss on asset and investment sales, included in Gain on asset and investment sales, net, primarily represents a gain on the sale of TMAC in 2021 and gains on the sale of Kalgoorlie and Continental in 2020. For further information, refer to Note 9 of the Condensed Consolidated Financial Statements. Impairment of long-lived and other assets, included in Other expense, net, represents non-cash write-downs of various assets that are no longer in use and materials and supplied inventories. Settlement costs, included in Other expense, net, are primarily comprised of a voluntary contribution made to the Republic of Suriname and other certain costs associated with legal and other settlements for 2021 and costs related to the Cedros community agreement at Peñasquito in Mexico, a water related settlement at Yanacocha in Peru, mineral interest settlements at Ahafo and Akyem in Africa and other related costs for 2020. Restructuring and severance, included in Other expense, net, primarily represents severance and related costs associated with significant organizational or operating model changes implemented by the Company for all periods presented. COVID-19 specific costs, included in Other expense, net, primarily include amounts distributed from Newmont Global Community Support Fund to help host communities, governments and employees combat the COVID-19 pandemic. For the three and nine months ended September 30, 2021, Adjusted EBITDA has not been adjusted for $23 and $63 of incremental COVID-19 costs incurred as a result of actions taken to protect against the impacts of the COVID-19 pandemic at our operational sites. Refer to Note 8 of the Condensed Consolidated Financial Statements for further information. Impairment of investments, included in Other income (loss), net, primarily represents the other-than-temporary impairment of the TMAC investment recorded in 2020. (10) Pension settlements, included in Other income (loss), net, represent pension settlement charges in 2020. (11) Loss on debt extinguishment, included in Other income (loss), net, primarily represents losses on the extinguishment of a portion of the 2022 Senior Notes and 2023 Senior Notes during 2020. (12) Goldcorp transaction and integration costs, included in Other expense, net, primarily represent subsequent integration costs incurred during 2020 related to the Newmont Goldcorp transaction. (13) Adjusted EBITDA has not been adjusted for cash care and maintenance costs, included in Care and maintenance, which represent costs incurred associated with certain mine sites being temporarily placed into care and maintenance in response to the COVID-19 pandemic. Cash care and maintenance costs were $6 and $8 during the three and nine months ended September 30, 2021, respectively, relating to our Tanami mine site. Cash care and maintenance costs were $26 and $171 during the three and nine months ended September 30, 2020, respectively, relating to our Musselwhite, Éléonore, Peñasquito, Yanacocha, and Cerro Negro mine sites. TM DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 43#44Free cash flow N Management uses Free Cash Flow as a non-GAAP measure to analyze cash flows generated from operations. Free Cash Flow is Net cash provided by (used in) operating activities less Net cash provided by (used in) operating activities of discontinued operations less Additions to property, plant and mine development as presented on the Condensed Consolidated Statements of Cash Flows. The Company believes Free Cash Flow is also useful as one of the bases for comparing the Company's performance with its competitors. Although Free Cash Flow and similar measures are frequently used as measures of cash flows generated from operations by other companies, the Company's calculation of Free Cash Flow is not necessarily comparable to such other similarly titled captions of other companies. The presentation of non-GAAP Free Cash Flow is not meant to be considered in isolation or as an alternative to net income as an indicator of the Company's performance, or as an alternative to cash flows from operating activities as a measure of liquidity as those terms are defined by GAAP, and does not necessarily indicate whether cash flows will be sufficient to fund cash needs. The Company's definition of Free Cash Flow is limited in that it does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations or payments made for business acquisitions. Therefore, the Company believes it is important to view Free Cash Flow as a measure that provides supplemental information to the Company's Condensed Consolidated Statements of Cash Flows. 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 regarding Net cash provided by (used in) investing activities and Net cash provided by (used in) financing activities. TM Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Net cash provided by (used in) operating activities Less: Net cash used in (provided by) operating activities of discontinued operations Net cash provided by (used in) operating activities of continuing operations $ 1,144 $ 1,596 $ 2,980 $ 3,196 (11) 1 (13) 8 1,133 1,597 2,967 3,204 Less: Additions to property, plant and mine development (398) (296) Free Cash Flow $ 735 $ 1,301 $ (1,212) 1,755 (904) $ 2,300 Net cash provided by (used in) investing activities (1) Net cash provided by (used in) financing activities $ $ (390) $ (697) $ (337) $ (242) $ (1,517) $ 502 (2,363) $ (1,119) (1) Net cash provided by (used in) investing activities includes Additions to property, plant and mine development, which is included in the Company's computation of Free Cash Flow. DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 44#45Attributable Free cash flow N TM 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 operations attributable to noncontrolling interests less Net cash provided by (used in) operating activities of discontinued operations after deducting net cash flows from discontinued operations attributable to noncontrolling interests less Additions to property, plant and mine development after deducting property, plant and mine development attributable to noncontrolling interests. The Company believes that Attributable Free Cash Flow is useful as one of the bases for comparing the Company's performance with its competitors. Although Attributable Free Cash Flow and similar measures are frequently used as measures of cash flows generated from operations by other companies, the Company's calculation of Attributable Free Cash Flow is not necessarily comparable to such other similarly titled captions of other companies. The presentation of non-GAAP Attributable Free Cash Flow is not meant to be considered in isolation or as an alternative to Net income attributable to Newmont stockholders as an indicator of the Company's performance, or as an alternative to Net cash provided by (used in) operating activities as a measure of liquidity as those terms are defined by GAAP, and does not necessarily indicate whether cash flows will be sufficient to fund cash needs. The Company's definition of Attributable Free Cash Flow is limited in that it does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations or payments made for business acquisitions. Therefore, the Company believes it is important to view Attributable Free Cash Flow as a measure that provides supplemental information to the Company's Condensed Consolidated Statements of Cash Flows. The following tables set forth a reconciliation of Attributable 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 Attributable Free Cash Flow, as well as information regarding Net cash provided by (used in) investing activities and Net cash provided by (used in) financing activities. Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 Consolidated Net cash provided by (used in) operating activities $ 1,144 $ interests (1) (39) $ Attributable to Attributable to noncontrolling Newmont Stockholders Consolidated Attributable to noncontrolling interests (1) Attributable to Newmont Stockholders 1,105 $ 2,980 $ (92) $ 2,888 Less: Net cash used in (provided by) operating activities of discontinued operations Net cash provided by (used in) operating activities of continuing operations (11) (11) (13) (13) 1,133 Less: Additions to property, plant and mine development (2) (398) (39) 19 1,094 2,967 (92) 2,875 (379) (1,212) 50 (1,162) Free Cash Flow $ 735 $ (20) $ 715 $ 1,755 $ (42) $ 1,713 Net cash provided by (used in) investing activities (3) Net cash provided by (used in) financing activities (1) $ $ (390) (697) $ (1,517) $ (2,363) (2) Adjustment to eliminate a portion of Net cash provided by (used in) operating activities, Net cash provided by (used in) operating activities of discontinued operations and Additions to property, plant and mine development attributable to noncontrolling interests, which relate to Yanacocha (48.65%) and Merian (25%). For the three months ended September 30, 2021 Yanacocha and Merian had total consolidated Additions to property, plant and mine development of $35 and $9, respectively, on a cash basis. For the nine months ended September 30, 2021, Yanacocha and Merian had total consolidated Additions to property, plant and mine development of $88 and $31, respectively, on a cash basis. (3) Net cash provided by (used in) investing activities includes Additions to property, plant and mine development, which is included in the Company's computation of Free Cash Flow. DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 45#46All-in Sustaining Costs N Newmont has developed a metric that expands on GAAP measures, such as cost of goods sold, and non-GAAP measures, such as costs applicable to sales per ounce, to provide visibility into the economics of our mining operations related to expenditures, operating performance and the ability to generate cash flow from our continuing operations. Current GAAP measures used in the mining industry, such as cost of goods sold, do not capture all of the expenditures incurred to discover, develop and sustain production. Therefore, we believe that all-in sustaining costs is a non-GAAP measure that provides additional information to management, investors and analysts that aids in the understanding of the economics of our operations and performance compared to other producers and provides investors visibility by better defining the total costs associated with production. All-in sustaining cost ("AISC") amounts are intended to provide additional information only and do not have any standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The measures are not necessarily indicative of operating profit or cash flow from operations as determined under GAAP. Other companies may calculate these measures differently as a result of differences in the underlying accounting principles, policies applied and in accounting frameworks such as in International Financial Reporting Standards ("IFRS"), or by reflecting the benefit from selling non-gold metals as a reduction to AISC. Differences may also arise related to definitional differences of sustaining versus development (i.e. non-sustaining) activities based upon each company's internal policies. The following disclosure provides information regarding the adjustments made in determining the all-in sustaining costs measure: Costs applicable to sales. Includes all direct and indirect costs related to current production incurred to execute the current mine plan. We exclude certain exceptional or unusual amounts from Costs applicable to sales ("CAS"), such as significant revisions to recovery amounts. CAS includes by-product credits from certain metals obtained during the process of extracting and processing the primary ore-body. CAS is accounted for on an accrual basis and excludes Depreciation and amortization and Reclamation and remediation, which is consistent with our presentation of CAS on the Condensed Consolidated Statements of Operations. In determining AISC, only the CAS associated with producing and selling an ounce of gold is included in the measure. Therefore, the amount of gold CAS included in AISC is derived from the CAS presented in the Company's Condensed Consolidated Statements of Operations less the amount of CAS attributable to the production of other metals at our Peñasquito and Boddington mines. The other metals CAS at those mine sites is disclosed in Note 3 of the Condensed Consolidated Financial Statements. The allocation of CAS between gold and other metals at the Peñasquito and Boddington mines is based upon the relative sales value of gold and other metals produced during the period. Reclamation costs. Includes accretion expense related to reclamation liabilities and the amortization of the related Asset Retirement Cost ("ARC") for the Company's operating properties. Accretion related to the reclamation liabilities and the amortization of the ARC assets for reclamation does not reflect annual cash outflows but are calculated in accordance with GAAP. The accretion and amortization reflect the periodic costs of reclamation associated with current production and are therefore included in the measure. The allocation of these costs to gold and other metals is determined using the same allocation used in the allocation of CAS between gold and other metals at the Peñasquito and Boddington mines. Advanced projects, research and development and exploration. Includes incurred expenses related to projects that are designed to sustain current production and exploration. We note that as current resources are depleted, exploration and advanced projects are necessary for us to replace the depleting reserves or enhance the recovery and processing of the current reserves to sustain production at existing operations. As these costs relate to sustaining our production, and are considered a continuing cost of a mining company, these costs are included in the AISC measure. These costs are derived from the Advanced projects, research and development and Exploration amounts presented in the Condensed Consolidated Statements of Operations less incurred expenses related to the development of new operations, or related to major projects at existing operations where these projects will materially benefit the operation in the future. The allocation of these costs to gold and other metals is determined using the same allocation used in the allocation of CAS between gold and other metals at the Peñasquito and Boddington mines. We also allocate these costs incurred at the Other North America, Other Australia and Corporate and Other locations using the proportion of CAS between gold and other metals. General and administrative. Includes costs related to administrative tasks not directly related to current production, but rather related to supporting our corporate structure and fulfilling our obligations to operate as a public company. Including these expenses in the AISC metric provides visibility of the impact that general and administrative activities have on current operations and profitability on a per ounce basis. We allocate these costs to gold and other metals at the Other North America, Other Australia and Corporate and Other locations using the proportion of CAS between gold and other metals. Care and maintenance and Other expense, net. Care and maintenance includes direct operating costs incurred at the mine sites during the period that these sites were temporarily placed into care and maintenance in response to the COVID-19 pandemic. For Other expense, net we exclude certain exceptional or unusual expenses, such as restructuring, as these are not indicative to sustaining our current operations. Furthermore, this adjustment to Other expense, net is also consistent with the nature of the adjustments made to Net income (loss) attributable to Newmont stockholders as disclosed in the Company's non-GAAP financial measure Adjusted net income (loss). The allocation of these costs to gold and other metals is determined using the same allocation used in the allocation of CAS between gold and other metals at the Peñasquito and Boddington mines. We also allocate these costs incurred at the Other North America, Other Australia and Corporate and Other locations using the proportion of CAS between gold and other metals. Treatment and refining costs. Includes costs paid to smelters for treatment and refining of our concentrates to produce the salable metal. These costs are presented net as a reduction of Sales on the Condensed Consolidated Statements of Operations. The allocation of these costs to gold and other metals is determined using the same allocation used in the allocation of CAS between gold and other metals at the Peñasquito and Boddington mines. Sustaining capital and finance lease payments. We determined sustaining capital and finance lease payments as those capital expenditures and finance lease payments that are necessary to maintain current production and execute the current mine plan. We determined development (i.e. non-sustaining) capital expenditures and finance lease payments to be those payments used to develop new operations or related to projects at existing operations where those projects will materially benefit the operation and are excluded from the calculation of AISC. The classification of sustaining and development capital projects and finance leases is based on a systematic review of our project portfolio in light of the nature of each project. Sustaining capital and finance lease payments are relevant to the AISC metric as these are needed to maintain the Company's current operations and provide improved transparency related to our ability to finance these expenditures from current operations. The allocation of these costs to gold and other metals is determined using the same allocation used in the allocation of CAS between gold and other metals at the Peñasquito and Boddington mines. We also allocate these costs incurred at the Other North America, Other Australia and Corporate and Other locations using the proportion of CAS between gold and other metals. DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 46 TM#47September 30, 2021 Gold CC&V Musselwhite All-in Sustaining Costs Three Months Ended Costs Applicable to Reclamation Costs(4) Sales(1)(2)(3) Advanced Projects, Research and Development and Exploration(5) General and Administrative Care and Maintenance and Other Expense, Net(6)(7)(8) Treatment and Sustaining Capital and Lease All-In Refining Costs Related All-In Sustaining Ounces (000) Sustaining Costs Per Costs (9)(10) Costs Sold OZ.(11) (1) $ 47 $ 2 $ 38 Porcupine 69 2 2 $ 1 2 $ $ 19 $ 70 49 $ 10 49 35 1,421 1,379 9 82 72 1,139 (2) (3) (4) Éléonore 60 10 72 58 1,243 Peñasquito 94 16 121 170 706 Other North America 1 North America 308 64 395 384 1,026 (5) Yanacocha 92 20 1 9 4 127 Merian 80 2 2 1 9 Cerro Negro 54 1 1 6 16 སེ༩ 67 94 106 1,908 884 78 63 1,231 Other South America 3 South America 226 23 16 29 302 236 1,276 (6) Boddington 151 Tanami 69 | N 2 1 12 12 229 13 172 167 1,030 111 111 986 Other Australia 1 3 Australia 220 3 2 12 43 286 278 1,025 (7) Ahafo Akyem Other Africa Africa 112 77 2 19 136 15 39 123 1,100 99 92 1,104 2 2 (8) 189 2 34 237 215 1,114 (9) 232 232 4 2 4 2 Nevada Gold Mines Nevada Corporate and Other 31 43 6 80 Total Gold $ 1,175 $ 41 49 53 $ 33 16 $ 219 $ 1,586 1,416 $ 1,120 43 286 303 945 2 43 286 303 945 Gold equivalent ounces - other metals (12) Peñasquito $ 155 $ 2 $ Other North America North America Boddington 155 37 Other Australia Australia 37 Corporate and Other Total Gold Equivalent Ounces $ 192 Consolidated 4 $ 2 $ 27 $ 26 $ 212 261 $ 819 1 2 3 27 26 214 261 822 1 40 40 1,013 1 1 2 41 40 1,025 1 12 $ 29 $ 29 $ 267 301 $ 887 8 $ $ 1,367 $ 43 $ 53 $ 61 $ 36 $ 45 $ 248 $ 1,853 DECEMBER 2021 INVESTOR PRESENTATION N Excludes Depreciation and amortization and Reclamation and remediation. Includes by-product credits of $29 and excludes co-product revenues of $379. Includes stockpile and leach pad inventory adjustments of $18 at Yanacocha. Reclamation costs include operating accretion and amortization of asset retirement costs of $20 and $23, respectively, and exclude accretion and reclamation and remediation adjustments at former operating properties that have entered the closure phase and have no substantive future economic value of $13 and $84, respectively. Advanced projects, research and development and exploration excludes development expenditures of $3 at CC&V, $1 at Éléonore, $2 at Peñasquito, $1 at Other North America, $4 at Yanacocha, $2 at Merian, $1 at Cerro Negro, $9 at Other South America, $6 at Tanami, $4 at Other Australia, $5 at Ahafo, $2 at Akyem, $4 at NGM and $3 at Corporate and Other, totaling $47 related to developing new operations or major projects at existing operations where these projects will materially benefit the operation. Care and maintenance includes $6 at Tanami of cash care and maintenance costs associated with the site temporarily being placed into care and maintenance or operating at reduced levels in response to the COVID-19 pandemic, during the period ended September 30, 2021 that we would have continued to incur if the site were not temporarily placed into care and maintenance. Other expense, net includes incremental COVID-19 costs incurred as a result of actions taken to protect against the impacts of the COVID-19 pandemic at our operational sites of $6 for North America, $11 for South America, $5 for Australia and $1 for Africa, totaling $23. Other expense, net is adjusted for impairment of long-lived and other assets of $6, and distributions from the Newmont Global Community Support Fund of $1. Includes sustaining capital expenditures of $76 for North America, $29 for South America, $42 for Australia, $33 for Africa, $43 for Nevada, and $7 for Corporate and Other, totaling $230 and excludes development capital expenditures, capitalized interest and the change in accrued capital totaling $168. The following are major development projects: Pamour, Yanacocha Sulfides, Quecher Main, Cerro Negro expansion projects, Tanami Expansion 2, Power Generation Civil Upgrade, Subika Mining Method Change, Ahafo North, Goldrush Complex and Turquoise Ridge 3rd shaft. (10) Includes finance lease payments for sustaining projects of $18. (11) Per ounce measures may not recalculate due to rounding. (12) Gold equivalent ounces is calculated as pounds or ounces produced multiplied by the ratio of the other metals price to the gold price, using Gold ($1,200/oz.), Copper ($2.75/lb.), Silver ($22.00/oz.), Lead ($0.90/lb.) and Zinc ($1.05/lb.) pricing for 2021. NEWMONT CORPORATION 47 TM#48All-in Sustaining Costs Nine Months Ended September 30, 2021 Gold CC&V Costs Applicable to Sales(1)(2)(3) Reclamation Costs(4) Advanced Projects, Research and Development and Exploration(5) General and Administrative Care and Maintenance and Other Expense, Net(6)(7)(8) Treatment and Refining Costs Sustaining Capital and Lease All-In Related Costs (9)(10) All-In Sustaining Costs Ounces (000) Sustaining Costs Per Sold OZ.(11) N TM Excludes Depreciation and amortization and Reclamation and remediation. Includes by-product credits of $159 and excludes co-product revenues of $1,204. Includes stockpile and leach pad inventory adjustments of $9 at CC&V, $18 at Yanacocha and $10 at NGM. Reclamation costs include operating accretion and amortization of asset retirement costs of $60 and $72, respectively, and exclude accretion and reclamation and remediation adjustments at former operating properties that have entered the closure phase and have no substantive future economic value of $39 and $121, respectively. Advanced projects, research and development and exploration excludes development expenditures of $6 at CC&V, $3 at Porcupine, $3 at Éléonore, $2 at Peñasquito, $3 at Other North America, $8 at Yanacocha, $3 at Merian, $2 at Cerro Negro, $24 at Other South America, $15 at Tanami, $10 at Other Australia, $10 at Ahafo, $4 at Akyem, $12 at NGM and $7 at Corporate and Other, totaling $112 related to developing new operations or major projects at existing operations where these projects will materially benefit the operation. Care and maintenance includes $8 at Tanami of cash care and maintenance costs associated with the site temporarily being placed into care and maintenance or operating at reduced levels in response to the COVID-19 pandemic, during the period ended September 30, 2021 that we would have continued to incur if the site were not temporarily placed into care and maintenance. Other expense, net includes incremental COVID-19 costs incurred as a result of actions taken to protect against the impacts of the COVID-19 pandemic at our operational sites of $19 for North America, $34 for South America, $6 for Australia and $4 for Africa, totaling $63. (8) Other expense, net is adjusted for impairment of long-lived and other assets of $18, settlement costs of $11, restructuring and severance costs of $10 and distributions from the Newmont Global Community Support Fund of $3. Includes sustaining capital expenditures of $223 for North America, $82 for South America, $188 for Australia, $87 for Africa, $128 for Nevada, and $16 for Corporate and Other, totaling $724 and excludes development capital expenditures, capitalized interest and the change in accrued capital totaling $488. The following are major development projects: Pamour, Yanacocha Sulfides, Quecher Main, Cerro Negro expansion projects, Tanami Expansion 2, Power Generation Civil Upgrade, Subika Mining Method Change, Ahafo North, Goldrush Complex and Turquoise Ridge 3rd shaft. (10) Includes finance lease payments for sustaining projects of $52. (11) Per ounce measures may not recalculate due to rounding. (12) Gold equivalent ounces is calculated as pounds or ounces produced multiplied by the ratio of the other metals price to the gold price, using Gold ($1,200/oz.), Copper ($2.75/lb.), Silver ($22.00/oz.), Lead ($0.90/lb.) and Zinc ($1.05/lb.) pricing for 2021. (1) $ 167 $ 5 $ 7 $ Musselwhite 114 1 5 $ $ 1 $ 35 $ 214 168 $ 1,271 (2) 28 149 109 1,366 (3) Porcupine 196 4 11 31 242 212 1,144 Éléonore 178 2 2 4 47 233 186 1,253 (4) Peñasquito 278 5 1 5 24 46 359 541 663 Other North America 1 4 North America 933 17 26 11 24 187 1,201 1,216 988 (5) Yanacocha 174 56 3 25 Merian 244 4 5 4 Cerro Negro 163 4 2 16 Other South America 7 2 South America 581 64 10 7 47 -- 1 12 271 196 1,385 29 286 322 41 226 189 886 1,198 9 1 82 792 707 1,119 Boddington 444 8 5 10 93 560 502 1,115 (6) Tanami 204 1 3 15 84 307 342 897 Other Australia 1 4 12 Australia 648 9 8 16 10 181 879 844 1,040 Ahafo 296 6 4 5 55 366 331 1,105 (7) Akyem 199 21 2 34 257 286 902 Other Africa Africa Nevada Gold Mines. 1 6 7 495 27 7 6 6 89 630 617 1,023 674 7 10 7 3 128 831 893 931 Nevada 674 7 10 7 3 2 128 831 893 931 Corporate and Other 70 134 14 218 1999 Total Gold $ 3,331 $ 124 $ 131 $ 164 $ 83 $ 37 $ 681 $ 4,551 4,277 $ 1,064 Gold equivalent ounces - other metals (12) Peñasquito $ 462 $ Other North America North America Boddington 462 102 Other Australia Australia 102 Corporate and Other Total Gold Equivalent Ounces $ Consolidated 564 $ NIN-1-10 7 $ $ 8 $ 84 $ 74 $ 636 819 $ 778 2 1 3 7 1 2 9 84 74 639 819 781 1 5 18 127 111 1,141 1 1 2 1 1 5 19 129 111 1,155 10 23 2 35 8 $ 12 $ 26 $ 9 $ 89 $ 95 $ 803 930 $ 863 $ 3,895 $ 132 $ 143 $ 190 $ 92 $ 126 $ 776 $ 5,354 DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 48#49Gold All-in Sustaining Costs - 2022 Outlook N 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 Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. 2022 Outlook - Gold (1)(2) (in millions, except ounces and per ounce) Cost Applicable to Sales (3)(4) Reclamation Costs (5) Advanced Projects and Exploration (6) General and Administrative (7) Other Expense Treatment and Refining Costs Sustaining Capital (8) Sustaining Finance Lease Payments All-in Sustaining Costs Ounces (000) Sold (9) All-in Sustaining Costs per Oz Outlook Estimate 5,000 150 150 225 50 60 875 40 6,550 6,200 1,050 (1) The reconciliation is provided for illustrative purposes in order to better describe management's estimates of the components of the calculation. Estimates for each component of the forward-looking All-in sustaining costs per ounce are independently calculated and, as a result, the total All-in sustaining costs and the All-in sustaining costs per ounce may not sum to the component ranges. While a reconciliation to the most directly comparable GAAP measure has been provided for 2022 AISC Gold, Co-Product and Total Outlook on a consolidated basis, a reconciliation has not been provided on an individual site or project basis in reliance on Item 10(e)(1)(i)(B) of Regulation S-K because such reconciliation is not available without unreasonable efforts. (2) (3) All values are presented on a consolidated basis for Newmont. Excludes Depreciation and amortization and Reclamation and remediation. (4) Includes stockpile and leach pad inventory adjustments. (5) Reclamation costs include operating accretion and amortization of asset retirement costs. (6) Advanced Project and Exploration excludes non-sustaining advanced projects and exploration. Includes stock based compensation. (7) (8) Excludes development capital expenditures, capitalized interest and change in accrued capital. (9) Consolidated production for Yanacocha and Merian is presented on a total production basis for the mine site and excludes production from Pueblo Viejo. DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 49#50Co-Product All-in Sustaining Costs - 2022 Outlook N A reconciliation of the 2022 Co-product AISC outlook to the 2022 Co-Product CAS outlook is provided below. The estimates in the table below are considered "forward-looking statements" within the 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 safe harbor created by such sections and other applicable laws. 2022 Outlook - Co-Product (1)(2) (in millions, except GEO and per GEO) Cost Applicable to Sales (3)(4) Reclamation Costs (5) Advanced Projects and Exploration (6) General and Administrative (7) Other Expense Treatment and Refining Costs Sustaining Capital (8) Sustaining Finance Lease Payments All-in Sustaining Costs Outlook Estimate 900 20 20 35 20 160 125 20 $ 1,300 TM Co-Product GEO (000) Sold (9) All-in Sustaining Costs per Co Product GEO $ 1,350 975 (1) The reconciliation is provided for illustrative purposes in order to better describe management's estimates of the components of the calculation. Estimates for each component of the forward-looking All-in sustaining costs per ounce are independently calculated and, as a result, the total All-in sustaining costs and the All-in sustaining costs per ounce may not sum to the component ranges. While a reconciliation to the most directly comparable GAAP measure has been provided for 2022 AISC Gold, Co-Product and Total Outlook on a consolidated basis, a reconciliation has not been provided on an individual site or project basis in reliance on Item 10(e)(1)(i)(B) of Regulation S-K because such reconciliation is not available without unreasonable efforts. (2) (3) All values are presented on a consolidated basis for Newmont. Excludes Depreciation and amortization and Reclamation and remediation. (4) Includes stockpile and leach pad inventory adjustments. (5) Reclamation costs include operating accretion and amortization of asset retirement costs. (6) Advanced Project and Exploration excludes non-sustaining advanced projects and exploration. Includes stock based compensation. (7) (8) Excludes development capital expenditures, capitalized interest and change in accrued capital. (9) Co-Product GEOs are all non-gold co-products (Peñasquito silver, zinc, lead, Boddington copper). DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 50#51Total GEO All-in Sustaining Costs - 2022 Outlook N A reconciliation of the 2022 Total GEO AISC outlook to the 2022 Total GEO CAS outlook is provided below. The estimates in the table below are considered "forward-looking statements" within the 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 safe harbor created by such sections and other applicable laws. 2022 Outlook - Total GEO (1)(2) (in millions, except GEO and per GEO) Cost Applicable to Sales (3)(4) Reclamation Costs (5) Advanced Projects and Exploration (6) General and Administrative (7) Other Expense Treatment and Refining Costs Sustaining Capital (8) Sustaining Finance Lease Payments All-in Sustaining Costs Total GEO (000) Sold (9) All-in Sustaining Costs per Total GEO Outlook Estimate 5,900 170 170 260 70 220 1,000 60 $ 7,850 $ 7,550 1,030 TM (1) The reconciliation is provided for illustrative purposes in order to better describe management's estimates of the components of the calculation. Estimates for each component of the forward-looking All-in sustaining costs per ounce are independently calculated and, as a result, the total All-in sustaining costs and the All-in sustaining costs per ounce may not sum to the component ranges. While a reconciliation to the most directly comparable GAAP measure has been provided for 2022 AISC Gold, Co-Product and Total Outlook on a consolidated basis, a reconciliation has not been provided on an individual site or project basis in reliance on Item 10(e)(1)(i)(B) of Regulation S-K because such reconciliation is not available without unreasonable efforts. (2) All values are presented on a consolidated basis for Newmont. (3) Excludes Depreciation and amortization and Reclamation and remediation. (4) Includes stockpile and leach pad inventory adjustments. (5) Reclamation costs include operating accretion and amortization of asset retirement costs. (6) Advanced Project and Exploration excludes non-sustaining advanced projects and exploration. (7) Includes stock based compensation. (8) Excludes development capital expenditures, capitalized interest and change in accrued capital. (9) Consolidated gold production for Yanacocha and Merian is presented on a total production basis for the mine site and excludes production from Pueblo Viejo. Total GEO represents gold and non-gold co-products (Peñasquito silver, zinc, lead, Boddington copper). DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 51#52Net Debt to Adjusted EBITDA Ratio N 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 of cash and cash equivalents, to Adjusted EBITDA. Net debt to Adjusted EBITDA does not represent, and should not be considered an alternative to, net income (loss), operating income (loss), or cash flow from operations as those terms are defined by GAAP, and does not necessarily indicate whether cash flows will be sufficient to fund cash needs. Although Net Debt to Adjusted EBITDA and similar measures are frequently used as measures of operations and the ability to meet debt service requirements by other companies, our calculation of net debt to Adjusted EBITDA measure is not necessarily comparable to such other similarly titled captions of other companies. The Company believes that net debt to Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and Board of Directors. Management's determination of the components of net debt to Adjusted EBITDA is evaluated periodically and based, in part, on a review of non-GAAP financial measures used by mining industry analysts. Net income (loss) attributable to Newmont stockholders is reconciled to Adjusted EBITDA as follows: TM Net income (loss) attributable to Newmont stockholders Three Months Ended September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 $ 3 $ 650 $ 559 $ 824 (246) 11 20 (60) (11) (10) (21) (18) (39) (49) 50 (70) 222 341 235 258 570 561 553 615 66 68 74 73 565 1,572 1,370 1,622 Net income (loss) attributable to noncontrolling interests Net loss (income) from discontinued operations Equity loss (income) of affiliates Income and mining tax expense (benefit) Depreciation and amortization Interest expense, net of capitalized interest EBITDA EBITDA Adjustments: Loss on assets held for sale Change in fair value of investments Reclamation and remediation charges Impairment of long-lived and other assets Loss (gain) on asset and investment sales COVID-19 specific costs Impairment of investments 79 6 (3) 1 1 122 = 1 - 185 དྷ8R ཋལྱེ- - | | 571 96 (26) 110 20 10 213 11 1 (43) 1 1 | །ྱཀྑ8སྐྱེམ |ཟླ॰ (61) 20 (84) 25 Settlement costs Restructuring and severance 3 5 Pension settlements Adjusted EBITDA 1,316 1,591 1,457 12 month trailing Adjusted EBITDA $ 6,136 Total Debt $ 5,482 Lease and other financing obligations 656 Less: Cash and cash equivalents 4,636 Total net debt $ 1,502 Net debt to adjusted EBITDA 0.2 DECEMBER 2021 INVESTOR PRESENTATION 7 1,772 NEWMONT CORPORATION 62 52#53Endnotes N 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, 2021, and with the Cautionary Statement on slide 2 and the following notes below Outlook Assumptions. Outlook and projections used in this presentation are considered forward-looking statements and represent management's good faith estimates or expectations of future production results as of December 2, 2021. Outlook is based upon certain assumptions, including, but not limited to, metal prices, oil prices, certain exchange rates and other assumptions. For example, 2022 Outlook assumes $1,800/oz Au, $3.25/lb Cu, $23.00/oz Ag, $1.15/lb Zn, $0.95/lb Pb, $0.75 USD/AUD exchange rate, $0.80 USD/CAD exchange rate and $60/barrel WTI; AISC and CAS estimates do not include inflation, for the remainder of the year. Production, CAS, AISC and capital estimates exclude projects that have not yet been approved, except for Yanacocha Sulfides, Pamour and Cerro Negro District Expansion 1 which are included in Outlook. The potential impact on inventory valuation as a result of lower prices, input costs, and project decisions are not included as part of this Outlook. Assumptions used for purposes of Outlook may prove to be incorrect and actual results may differ from those anticipated, including variation beyond a +/-5% range. Outlook cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon Outlook and forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. COVID-19. While the medical community is progressing development of vaccines and other treatment options and governmental agencies, private agencies and the Company seek to mitigate the spread of COVID-19, the availability, efficacy and timing of such measures remains uncertain. The extent to which COVID-19 and related variants will impact the Company in the future will depend on future developments, which are highly uncertain and cannot be predicted. Efforts to slow the spread of COVID-19 have already impacted the operation of Newmont's mines and the development of projects and impacted exploration activities. For companies, such as Newmont, that operate in multiple jurisdictions, disadvantage and risk of loss due to the limitations of certain local health systems and infrastructure to contain diseases and potential endemic health issues may occur. Impacts of changing government restriction as a result of COVID-19 and potential subsequent pandemic waves could include additional travel restraints, more stringent product shipment restraints, delays in product refining and smelting due to restrictions or temporary closures, other supply chain disruptions and workforce interruptions, including healthy and safety considerations, and reputational damage in connection with challenges or reactions to action or perceived inaction by the Company related to the COVID-19 pandemic, which could have a material adverse effect on the Company's cash flows, earnings, results of operations. No assurances can be provided that the Company's operations, exploration plans and drilling programs, and other outlook will not be impacted by COVID-19 in the future. World-class asset: Defined as +500k GEO's/year consolidated; <$900/oz AISC at a $1,200/oz gold price, mine life >10 years in countries classified in the A and B rating ranges for each of Moody's, S&P and Fitch. Dividend. Our future dividends (beyond the recently declared dividend payable on December 28, 2021 to holders of record at the close of business on December 9, 2021) have not yet been approved or declared by the Board of Directors. An annualized dividend payout level has not been declared by the Board and is non-binding. The Company's dividend framework is non-binding. Management's expectations with respect to future dividends, annualized dividends or dividend yield are "forward-looking statements." The declaration and payment of future dividends remain at the discretion of the Board of Directors and will be determined based on Newmont's financial results, balance sheet strength, cash and liquidity requirements, future prospects, gold and commodity prices, and other factors deemed relevant by the Board. The duration, scope and impact of COIVD-19 presents additional uncertainties with respect to future dividends and no assurance is being provided that the Company will pay future dividends at the increased payment level. The Board of Directors reserves all powers related to the declaration and payment of dividends. Consequently, in determining the dividend to be declared and paid on the common stock of the Company, the Board of Directors may revise or terminate the payment level at any time without prior notice. Share Repurchase Program. Investors are also cautioned that the extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including trading volume, market conditions, legal requirements, business conditions and other factors. The repurchase program announced in January 2021 may be discontinued at any time, and the program does not obligate the Company to acquire any specific number of shares of its common stock or to repurchase the full $1.0 billion amount during the 18 month authorization period. Consequently, the Board of Directors may revise or terminate such share repurchase authorization in the future. Gold equivalent ounces (GEOS) are calculated as pounds or ounces produced multiplied by the ratio of the other metal's price to the gold price, using Gold ($1,200/oz.), Copper ($3.25/lb.), Silver ($23.00/oz.), Lead ($0.95/lb.), and Zinc ($1.15/lb.) pricing. Reserves and Resources gold equivalent ounces (GEO's): Gold Equivalent Ounces calculated using Mineral Reserve pricing: Gold ($1,200/oz.), Copper ($2.75/lb.), Silver ($17/oz.), Lead ($0.90/lb.), and Zinc ($1.15/lb.) and Resource pricing Gold ($1,400/oz.), Copper ($3.25/lb.), Silver ($20/oz.), Lead ($1.10/lb.), and Zinc ($1.40/lb.) and metallurgical recoveries for each metal on a site-by-site basis as metal * [(metal price * metal recovery)/(gold price* gold recovery)]. DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 53 TM#54TM Endnotes N Reserves Estimates: The reserves stated in this presentation were prepared in compliance with Industry Guide 7 published by the United States SEC and represent the amount of gold, copper, silver, lead and zinc that we estimated, at December 31, 2020, could be economically and legally extracted or produced at the time of the reserve determination. The term "economically," as used in this definition, means that profitable extraction or production has been established or analytically demonstrated in a feasibility study to be viable and justifiable under reasonable investment and market assumptions. The term "legally," as used in this definition, does not imply that all permits needed for mining and processing have been obtained or that other legal issues have been completely resolved. However, for a reserve to exist, Newmont must have a justifiable expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues necessary for mining and processing at a particular deposit will be accomplished in the ordinary course and in a timeframe consistent with Newmont's current mine plans. Reserves in this presentation are aggregated from the proven and probable classes. The term "Proven Reserves" used in the tables of the appendix means reserves for which (a) quantity is estimated from dimensions revealed in outcrops, trenches, workings or drill holes; (b) grade and/or quality are estimated from the results of detailed sampling; and (c) the sites for inspection, sampling and measurements are spaced so closely and the geologic character is sufficiently defined that size, shape, depth and mineral content of reserves are well established. The term "Probable Reserves" means reserves for which quantity and grade are estimated from information similar to that used for proven reserves, but the sites for sampling are farther apart or are otherwise less closely spaced. The degree of assurance, although lower than that for proven reserves, is high enough to assume continuity between points of observation. Newmont classifies all reserves as Probable on its development projects until a year of production has confirmed all assumptions made in the reserve estimates. Proven and Probable reserves include gold, copper, silver, zinc, lead or molybdenum attributable to Newmont's ownership or economic interest. Proven and probable reserves were calculated using cut-off grades. The term "cutoff grade" means the lowest grade of mineralized material considered economic to process. Cut-off grades vary between deposits depending upon prevailing economic conditions, mineability of the deposit, by-products, amenability of the ore to gold, copper, silver, zinc, lead, molybdenum extraction and type of milling or leaching facilities available. 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 and lead and interpretations of geologic data obtained from drill holes and other exploration techniques, which data may not necessarily be indicative of future results. If our reserve estimations are required to be revised using significantly lower gold, silver, zinc, copper and lead prices as a result of a decrease in commodity prices, increases in operating costs, reductions in metallurgical recovery or other modifying factors, this could result in material write-downs of our investment in mining properties, goodwill and increased amortization, reclamation and closure charges. Producers use feasibility studies for undeveloped ore bodies to derive estimates of capital and operating costs based upon anticipated tonnage and grades of ore to be mined and processed, the predicted configuration of the ore body, expected recovery rates of metals from the ore, the costs of comparable facilities, the costs of operating and processing equipment and other factors. Actual operating and capital cost and economic returns on projects may differ significantly from original estimates. Further, it may take many years from the initial phases of exploration until commencement of production, during which time, the economic feasibility of production may change. It is noted that US SEC has adopted amendments to the disclosure requirements for mining registrants. Under these new rules, SEC Industry Guide 7 will be rescinded and replaced with the disclosure standards under new Regulation S- K Subpart 1300. Newmont will be required to comply with the new rules for fiscal years 2021 and after. As such, reserve disclosures presented herein have been prepared in accordance with the SEC's Industry Guide 7. Whereas reserve disclosures as at December 31, 2021 are expected to be presented in in accordance with the new Regulation S-K 1300 requirements of the SEC. Accordingly, future adjustment to estimates of reserves or mineralized material will occur due to the differing standards under the new requirements. Notice to US Investors: While Newmont's reserves were prepared in compliance with Industry Guide 7, the term resource, measured resource, indicated resources and inferred resources are not SEC recognized terms. Investors are advised that the SEC does not recognize these terms and "resources" have not been prepared in accordance with Industry Guide 7. Newmont has determined that such "resources" would be substantively the same as those prepared using the Guidelines established by the Society of Mining, Metallurgy and Exploration (SME) and defined as "Mineral Resource". Estimates of resources are subject to further exploration and development, are subject to additional risks, and no assurance can be given that they will eventually convert to future reserves. Inferred Resources, in particular, have a great amount of uncertainty as to their existence and their economic and legal feasibility. Investors are cautioned not to assume that any part or all of the Inferred Resource exists or is economically or legally mineable. Also, disclosure of contained ounces is permitted under the SME Guideline and other regulatory guidelines, such as Canada's NI 43-101 and Australia's JORC. However, the SEC generally requires mineral resource information in SEC-filed documents to be reported only as in-place tonnage and grade. Investors are reminded that even if significant mineralization is discovered and converted to resource or reserves, during the time necessary to ultimately move such mineralization to production the economic feasibility of production may change. Investors are encouraged to see the Company's "Proven and Probable Reserve" and "Mineralized Material" tables prepared in compliance with the SEC's Industry Guide 7, available at www.newmont.com. For more information investors are also encouraged to refer to the Company's Annual Report filed with the SEC on February 18, 2021, which includes Proven and Probable reserve tables and Mineralized Material tables, as well as discussion of risks under the heading "Risk Factors", which is available at www.sec.gov or on the Company's website at www.newmont.com. DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 54 54#55Endnotes N Free Cash Flow. Free cash flow or FCF is a non-GAAP metric and is generated from Net cash provided from operating activities of continuing operations less Additions to property, plant and mine development. See appendix for more information and for a reconciliation to the nearest GAAP metric. FCF as used in outlook and incremental FCF sensitivities are forward-looking statements and remain subject to risks and uncertainties. Attributable Free Cash Flow. Attributable 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 reconciliation to the nearest GAAP metric. Attributable FCF projections as used in outlook are forward-looking statements and remain subject to risks and uncertainties. All-in Sustaining Cost. AISC or All-in sustaining cost is a non-GAAP metric. AISC as used in the Company's outlook is a forward-looking statement and is therefore subject to uncertainties. AISC a non-GAAP metric defined as the sum of cost applicable to sales (including all direct and indirect costs related to current gold production incurred to execute on the current mine plan), remediation costs (including operating accretion and amortization of asset retirement costs), G&A, exploration expense, advanced projects and R&D, treatment and refining costs, other expense, net of one-time adjustments, sustaining capital and finance lease payments. See appendix for more information and a reconciliation of 2022 AISC outlook to the 2022 CAS outlook. Net debt to Adjusted EBITDA. Adjusted EBITDA and net debt to Adjusted EBITDA are non-GAAP measures. See appendix for more information and for a reconciliation to the nearest GAAP metric. 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 incremental value realized as a result of Full Potential projects implemented and are based upon both cost savings and efficiencies that have been monetized for purposes of the estimation. Because Full Potential improvement estimates reflect differences between certain actual costs incurred and management estimates of costs that would have been incurred in the absence of the Full Potential program, such estimates are necessarily imprecise and are based on numerous judgments and assumptions. Expectations of the results of Full Potential savings, synergies or improvements are forward-looking statements and subject to risks and uncertainties. Sustainalytics. Sustainalytics ESG ranking is based on publicly disclosed data available from Bloomberg terminal data accessed December 1, 2021. Third-Party Data. This presentation may contain industry, market and competitive position data which have come from a third-party sources. Third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. While Newmont believes that such information has been prepared by a reputable source, Newmont has independently verified the data contained therein. Accordingly, undue reliance should not be placed on any of the industry, market or competitive position data contained in this presentation. Land Position. Land position constitutes Newmont's net global land position, compromising its pro-rata interest in and to the land tenures (i) it owns and controls; and, (ii) that are owned or controlled by business entities established with our joint venture partners. Newmont Asset. The legend for Newmont Assets includes the Company's ownership interest of 38.5% of Nevada Gold Mines, 40% of Pueblo Viejo, 51.35% of Yanacocha (Minera Yanacocha S.R.L.), 50% of Galore Creek, 75% of Merian, 50% of Nueva Unión and 50% of Norte Abierto. TM DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 55