#1Newmont TM CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING Investor Presentation FEBRUARY 2023#2CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS: This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended 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," 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 and upside potential; (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) expectations regarding the Tanami Expansion 2, Ahafo North, Yanacocha Sulfides, Pamour and Cerro Negro District Expansion 1 projects, including, without limitation, expectations for production, milling, costs applicable to sales and all-in sustaining costs, capital costs, mine life extension, construction completion, commercial production and other timelines; (v) expectations regarding future investments or divestitures; (vi) expectations regarding free cash flow, and returns to stockholders, including with respect to future dividends, the dividend framework and expected payout levels; (vii) expectations regarding future mineralization, including, without limitation, expectations regarding reserves and recoveries; and (viii) expectations regarding the potential or proposed transactions. 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; (iii) political developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) certain exchange rate assumptions; (v) certain price assumptions for gold, copper, silver, zinc, lead and oil; (vi) prices for key supplies; (vii) the accuracy of current mineral reserve and mineralized material estimates; and (viii) other planning assumptions. Uncertainties relating to the impacts of Covid, 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. Such uncertainties could result in operating sites being placed into care and maintenance and impact estimates, costs and timing of projects. Although the Company does not currently have operations in Ukraine, Russia or other parts of Europe, Russia's invasion of Ukraine has resulted in uncertainties in the market which could impact certain planning assumptions, including, but not limited to commodity and currency prices, costs and supply chain availabilities. Investors are reminded that the dividend framework is non-binding and the 2023 dividend payout range does not represent a legal commitment. Future dividends beyond the dividend payable on March 23, 2023 to holders of record at the close of business on March 9, 2023 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. Statements relating to the potential transaction to acquire the share capital of Newcrest, expectations regarding the potential value proposition and expectations regarding potential engagement or plans to engage in due diligence or similar statements also constitute "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. There is no certainty that any transaction will occur or that further negotiations or due diligence will take place. Risks include fluctuations in company stock price and results of operations; uncertainties regarding the outcome of discussions between Newmont and Newcrest with respect to the potential transaction, including the possibility that the parties may not agree to pursue a business combination; uncertainties about the outcomes of the due diligence process and the ability to consummate the potential combination or achieve the expected benefits; uncertainties with respect to shareholder approvals; potential regulatory or closing delays; and changes in the overall economic conditions. For a 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, 2022 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. Investors are also reminded to refer to the endnotes to this presentation for additional information. NO OFFER OR SOLICITATION: This presentation is neither an offer to purchase or exchange nor a solicitation of an offer to sell securities of Newmont or Newcrest. In furtherance of this potential transaction and subject to future developments, Newmont may file one or more proxy statements or other documents with the SEC. This communication is not a substitute for any proxy statement, prospectus or other document Newmont or Newcrest may file with the SEC and Australian regulators in connection with the potential transaction. INVESTORS AND SECURITY HOLDERS OF NEWMONT AND NEWCREST ARE URGED TO READ THE PROXY STATEMENT(S), PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE POTENTIAL BUSINESS COMBINATION TRANSACTION. Investors and securityholders may obtain a free copy of the disclosure documents (when they are available) and other documents filed by Newmont with the SEC at the SEC's website at www.sec.gov. The disclosure documents and other documents that are filed with the SEC by Newmont may also be obtained on Newmont's website at www.newmont.com or obtained for free from the sources listed below. Newmont and certain of its directors and executive officers may be deemed to be participants in any solicitation of proxies from Newcrest stockholders in respect of the potential transaction between Newmont and Newcrest. Information regarding Newmont's directors and executive officers is available in its proxy statement for its 2022 annual meeting of stockholders, which was filed with the SEC on March 7, 2022. This document can be obtained free of charge from the sources indicated below. Additional information regarding the interests of these participants in such proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in any proxy statement and other relevant materials to be filed with the SEC in connection with the potential transaction if and when they become available.#3NEWMONT IS THE WORLD'S LEADING GOLD COMPANY W COMMITMENT TO LEADING ESG PRACTICES Creating value and improving lives for all stakeholders INDUSTRY LEADING PORTFOLIO World-class assets in top-tier jurisdictions PROVEN OPERATING MODEL Experienced leaders with strong track record DISCIPLINED CAPITAL ALLOCATION STRATEGY Balanced approach to deliver value through the cycle FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 3#4THE GOLD SECTOR'S RECOGNIZED SUSTAINABILITY LEADER SAM S&P (DJSI) SUSTAINALYTICS TRANSPARENCY CLIMATE N 100% Percentile ranking global metals and mining sector 20 ESG Risk Rating measures exposure and management of material ESG risks* #1 Most transparent company in S&P 500; Bloomberg ESG Disclosure Score A- 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 #11 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 February 23, 2023. *The Sustainalytics rating shown on the ESG screen of the Bloomberg terminal has changed from a percentile rank to a risk score. Newmont's 20 score translates to Medium Risk. Top Miner in the Dow Jones Sustainability Index for Eight Consecutive Years FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 4#5COMMITTED TO LEADING ESG PRACTICES !!! Newmont -100 YEARS- DEMONSTRATING NEWMONT'S DEDICATION TO ACCOUNTABILITY AND TRANSPARENCY Launched 18th Annual Sustainability Report in April 2022, a transparent review of ESG performance and the issues and metrics that matter most to stakeholders CATO BOLDT50 50 1911 51 OLO Leading Change. Focused on Value. 2021 SUSTAINABILITY REPORT CAT Published 2nd Annual Climate Report in May 2022, outlining Newmont's strategy to reach our 2030 climate targets and 2050 goal Inaugural Tax Transparency Report issued in August 2022, an overview of taxes paid and economic contributions in the places we operate FEBRUARY 2023 INVESTOR PRESENTATION Newmont -100 YEARS Leading Change. Focused on Value. 2021 CLIMATE REPORT In alignment with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations NEWMONT CORPORATION 5#6INDUSTRY-LEADING PORTFOLIO OF GLOBAL OPERATIONS NEVADA GOLD MINES*** PEÑASQUITO MUSSELWHITE ÉLÉONORE PORCUPINE CC&V PUEBLO VIEJO*** YANACOCHA See endnotes re definition of world-class asset. *Represents average annual production over a 5-year period. **Development projects for managed operations currently in execution. ***Newmont's ownership interest is 38.5% of Nevada Gold Mines and 40% of Pueblo Viejo. N #1 GOLD PRODUCER ~6 Moz Unmatched gold production per year through 2032+ ROBUST GOLD & COPPER RESERVES 96 Moz Gold 16 Blbs Copper UPSIDE FROM OTHER METALS* ~35 Moz Silver production -200 Mlbs Lead production ~500 Mlbs Zinc production ~90% in Americas & Australia AKYEM MERIAN CERRO NEGRO CN DISTRICT EXPANSION 1 AHAFO SOUTH AHAFO NORTH BODDINGTON TANAMI TANAMI EXPANSION 2 = Operation = World-Class Asset Joint Venture = Development Project** NEWMONT CORPORATION 6#7PROJECT PIPELINE TO SUSTAIN PRODUCTION INTO 2040s CONCEPTUAL/ SCOPING PREFEASIBILITY/ FEASIBILITY DEFINITIVE FEASIBILITY 7+ YEARS LEGEND* Included in 10-Year Production Profile* *** Gold Deposit Other Metals оос 4 TO 7 YEARS O TO 4 YEARS <$500M Investment $500M $1.0B Investment GREENFIELD >$1.0B Investment BROWNFIELD GALORE CREEK JV Canada Gold (-20%), Copper (~75%), - Silver (~5%) NORTE ABIERTO JV 0 - Chile Gold (~55%), Copper (~40%), Silver (~5%) 0 NUEVA UNIÓN JV - Chile Gold (-10%), Copper (~85%), Molybdenum (~5%) 0 PEÑASQUITO LAYBACK** Mexico Gold (-20%) Silver (~40%), Zinc (-30%), Lead (~10%) SADDLE NORTH - Canada Gold (~40%) Copper (~60%) 0 CN DISTRICT EXPANSIONS 2 Argentina Gold FEBRUARY 2023 INVESTOR PRESENTATION 0 0 COFFEE Canada - Gold EXECUTION N YANACOCHA SULFIDES Peru - Gold (~45%), Copper (~45%), Silver (-10%) О TANAMI EXPANSION 2 Australia - Gold PAMOUR (Porcupine) Canada - Gold AHAFO NORTH Ghana - Gold GOLDRUSH (NGM JV) USA - Gold PUEBLO VIEJO EXPANSION JV Dominican Republic - Gold AKYEM UNDERGROUND O CERRO NEGRO DISTRICT Ghana - Gold OBERON (Tanami) Australia Gold - APENSU UNDERGROUND (Ahafo) Ghana - Gold EXPANSIONS 1 Argentina - Gold 0 BODDINGTON LAYBACKS** Australia - Gold SABAJO EXTENSION (Merian) Suriname Gold SUBIKA UNDERGROUND 0 0 AKYEM LAYBACK** Ghana Gold - TURQUOISE RIDGE SHAFT (NGM JV) USA - Gold *Attributable basis; JV projects not managed under Newmont investment system. Pueblo Viejo attributable capital is not reported in development capital outlook. GROWTH (Ahafo) Ghana - Gold **Represents significant stripping campaigns at existing open pits, recorded primarily as Costs Applicable to Sales. ***10-year production profile incudes one mega project toward the end of the decade. NEWMONT CORPORATION 7#8INVESTMENT DELIVERS A STEADY 10-YEAR PRODUCTION PROFILE N * INDICATIVE 10-YEAR PRODUCTION PROFILE* (Attributable Moz per Year) 8 7 6 5 4 3 2 1 2023 2024 2025 2026 2027 2028 2029 2030 Total GEO Production** Gold Production *** 2031 2032 ~6 Million Ounces of Gold per Year for the Next Decade with Upside from Other Metals *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 February 23, 2023; see endnote re calculation of GEOS. ***Includes Newmont's ownership interest of 38.5% in Nevada Gold Mines and 40% in Pueblo Viejo. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 8#9OPERATING MODEL DRIVES CONTINUOUS IMPROVEMENT Diagnose Design Deliver Refresh EXTERNAL SPEND & OTHER -15% ✓ Proven integrated operating model with deep bench of experienced leaders and technical experts Supply Chain, Asset Management and G&A Improvements N PROCESSING - 50% Increasing Throughput and Recoveries 5440M ** ✓ 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. **Assumptions from Fourth Quarter Results and 2023 Guidance Call on February 23, 2023. MINING IMPROVEMENT - 35% Optimizing Fleet and Improving Productivity Delivered >$5B in Full Potential Benefits Since 2014 FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 9#10PROVEN OPERATING MODEL WITH A STRONG TRACK RECORD FEBRUARY 2023 INVESTOR PRESENTATION N APPLYING LESSONS LEARNED DURING THE PANDEMIC TO CHANGE THE WAY WE WORK Sharing Knowledge, Expertise and Talent Across the Global Business Global Supply Chain team minimizing cost pressures and secure competitive supplier contracts Implementing new technologies to improve safety and productivity, while reducing operating costs Providing expert data and analytics and supporting operations through a centralized network of subject matter experts to produce improved performance at operations NEWMONT CORPORATION 10#11DISCIPLINED CAPITAL ALLOCATION STRATEGY MAINTAINING FINANCIAL FLEXIBILITY Sustain an Investment-Grade Balance Sheet with Strength & Flexibility BALANCED CAPITAL ALLOCATION STRATEGY INVESTING IN SUSTAINABLE PRODUCTION Reinvest in the Business to Improve Cash Margins Over the Long Term N RETURNING CASH TO SHAREHOLDERS Deliver Sustainable Returns Through Industry-Leading Dividend Framework Balanced Approach to Deliver Long-Term Value Through the Cycle FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 11#12THE INDUSTRY'S STRONGEST BALANCE SHEET PALPA N TOTAL LIQUIDITY* CASH AND SHORT-TERM BANK DEPOSITS* NET DEBT TO ADJUSTED EBITDA** $6.7B Cash Balance and Undrawn Revolving Credit Facility $3.7B Maintaining Strength During Time of Meaningful Reinvestment 0.5x Substantially Below Target of Less than 1.0x WEIGHTED AVERAGE COST OF DEBT NEXT DEBT MATURITY INVESTMENT-GRADE BALANCE SHEET 4.1% Industry's First Sustainability Linked- Bond at 2.6% 2029 Provides Flexibility in Executing on Capital Allocation Priorities BBB+ / Baal Credit ratings upgraded from S&P and Moody's Investment-Grade Balance Sheet with Strength and Flexibility *As of Q4 2022; Cash balance includes $2,877M in cash and cash equivalents and $829M in time deposits, currently included in Time Deposits and Other Investments on the Consolidated Balance Sheets. **See endnotes. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 12#13INVESTING IN SUSTAINABLE PRODUCTION ANNUAL INVESTMENT ($B) $5.0 $4.0 Sustaining Capital (+/-5%) Exploration and Advanced Projects (+/- 5%) Development Capital (+/- 5%) Contributions to Pueblo Viejo (40%) for Expansion $3.0 $2.0 $1.0 2021A 2022A *Represents average annual spending over a 5-year period. FEBRUARY 2023 INVESTOR PRESENTATION Average N AVERAGE ANNUAL INVESTMENT: ~$2.5B* ■ * Sustaining capital: $1.0 - $1.2B per year Exploration & Advanced projects: ~$400 - $500M per year Development capital: $0.8 - $1.0B per year 2023: EXPECTING ~$2.9B INVESTMENT Sustaining capital: ~$1.1B Exploration & Advanced projects: ~$500M Development capital: ~$1.3B to advance Tanami Expansion 2, Ahafo North, and other key projects Note: excludes contributions to support the Pueblo Viejo expansion Annual Investment* ■ 2023E 2024E 2025E 2026E 2027E Elevated Level of Reinvestment of ~$400M in 2023 NEWMONT CORPORATION 13#14FREE CASH FLOW INCREASES WITH HIGHER GOLD PRICE ANNUAL INCREMENTAL FREE CASH FLOW* (Average Over 5-year Period) $1,400 +$1.2B $1,700 +$2.4B $2,000 +$3.6B +$400M FCF per Annum for Every $100/oz Increase in Gold Price *Free Cash Flow assumptions as of February 23, 2023; Includes impacts from projects, and excludes Yanacocha Sulfides. See endnotes re outlook, Free Cash Flow, Attributable Free Cash Flow and Dividends. FEBRUARY 2023 INVESTOR PRESENTATION $2,300 N INCREMENTAL FCF NEWMONT CORPORATION 14#152023 DIVIDEND PAYOUT RANGE SET WITHIN ESTABLISHED FRAMEWORK N INDUSTRY-LEADING DIVIDEND FRAMEWORK ■ Base dividend of $1.00/share at a $1,400 gold reserve price ■ Variable component based on incremental Free Cash Flow ■ Calibrated on gold price, evaluated in increments of $300/oz Assessed annually in alignment with the business planning cycle and macroeconomic inputs and approved quarterly by Board Supported by strong and flexible balance sheet 2023 DIVIDEND PAYOUT RANGE Calibrating 2023 dividend at $1,700/oz, remaining conservative in a volatile macroeconomic environment Incorporating free cash flow impacts to 2023 during a period of meaningful reinvestment. ■ Annualized dividend payout range for 2023 of $1.40 to 1.80 per share 2023 DIVIDEND PAYOUT RANGE* $2.00-3.00 $1.40 -1.80 Q4 2022 Dividend $1.00 $1.00 $1.00 $1,400/oz $1,700/oz $2,000/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 current quarter dividend remain subject to future consideration and declaration is the discretion of the Board. See endnote re dividends and returns to shareholders. Declared a Q4 Dividend of $0.40/share, Resulting in a Dividend Yield of ~3% FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 15#16NEWMONT IS THE WORLD'S LEADING GOLD COMPANY N GLOBAL PORTFOLIO 12 Managed operations balanced across 8 countries #1 GOLD PRODUCER ~6 Moz Unmatched gold production per year through 2032+ ROBUST GOLD & COPPER RESERVES* 96 Moz Gold 16 Blbs Copper Primarily in Americas & Australia UPSIDE FROM OTHER METALS* ****** ~35 Moz Silver production ~200 Mlbs Lead production ~500 Mlbs Zinc production TOTAL LIQUIDITY** $6.7B NEXT DEBT MATURITY 2029 Cash balance & undrawn revolving credit facility Providing flexibility for capital allocation strategy LEADING RETURNS $6.8B Dividends and share buybacks since 2019* INCLUDED IN S&P 500 ~$35B Market capitalization from the world's largest gold company *See endnotes. **As of Q4 2022; Cash balance includes $2,877M in cash and cash equivalents and $846M in time deposits, currently included in Time Deposits and Other Investments on the balance sheet. ***Represents average annual production over a 5-year period. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 16#17NEWMONT & NEWCREST - A POWERFUL VALUE propositioN N The New ESG STANDARD Recognized Sustainability Leader Sharing industry-leading safety systems, processes and culture Values-based organization driven by a clear purpose Social engagement based on inclusion, transparency and integrity Commitment to leading environmental practices and achieving climate goals World-Class PORTFOLIO Annual Production of 8Moz of Gold & 155ktonnes of Copper Multi-decade low-cost production profile with growth options in gold and copper Unique combination of low-risk regional production platforms in Australia and Canada Optionality for portfolio rationalization and project sequence optimization >$1.5B disposals following Goldcorp acquisition Delivering SYNERGIES Proven Track Record of Newmont Team & Operating Model Value creation from scale, global supply chain, cost efficiencies, access to talent and technology Productivity gains from technology, complementary ore body experience and functional excellence >$1B annual synergies from $10B Goldcorp acquisition Driving CAPITAL ALLOCATION Newmont Returned $6.7B to Shareholders since Goldcorp Acquisition Disciplined capital allocation strategy - sustain, grow and deliver shareholder returns Maintaining the industry's strongest balance sheet with flexibility throughout the commodity cycle World-class global capital markets footprint and investor relevance FEBRUARY 2023 INVESTOR PRESENTATION COMMITTED TO VALUE DISCIPLINE NEWMONT CORPORATION 17#18Newmont TM CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING Appendix#19SAFELY DELIVERED ON OUR COMMITMENTS – ACHIEVED 2022 GUIDANCE - N ATTRIBUTABLE GOLD PRODUCTION* 6.0 Moz Achieved original production guidance range with strong Q4 performance GOLD COSTS APPLICABLE TO SALES $933/oz Within updated full-year guidance range, managing global cost pressures GOLD ALL-IN SUSTAINING COSTS** $1,211/oz In line with updated guidance range & incorporating higher sustaining capital GOLD RESERVES 96Moz Replaced depletion with net increase of 3.3Moz ADJUSTED EBITDA** FREE CASH FLOW** $4.6B Generated from the largest gold production base in the world $1.1B Operating cash flow of $3.2 billion with reinvestment of $2.7 billion RETURNS TO SHAREHOLDERS** TOTAL LIQUIDITY*** $1.7B Dividends paid through industry-leading framework $6.7B Cash balance and undrawn revolving credit facility Success in 2022 Has Positioned Newmont to Safely Deliver on 2023 Commitments *Includes production from the Company's equity method investment in the Pueblo Viejo joint venture. **See endnotes re dividends and non-GAAP metrics. ***As of Q4 2022; Cash balance includes $2,877M in cash and cash equivalents and $829M in time deposits, currently included in Time Deposits and Other Investments on the Consolidated Balance Sheet. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 19#20FULL-YEAR AND FOURTH QUARTER FINANCIAL PERFORMANCE METRICS Revenue ($M) GAAP Net Loss from Continuing Operations ($M) Adjusted Net Income ($M) * * Adjusted Net Income ($/diluted share)" Adjusted EBITDA ($M)* * Cash from continuing operations ($M) Consolidated Free Cash Flow ($M) Attributable Free Cash Flow ($M) *See endnotes. * * FOURTH QUARTER 2022 RESULTS AND 2023 GUIDANCE N Q4 2022 FY 2022 $3,200 $11,915 $(1,488) $(459) $348 $1,468 $0.44 $1.85 $1,161 $4,550 $1,010 $3,198 $364 $1,067 $349 $1,013 S NEWMONT CORPORATION 20#21STRONGLY POSITIONED TO SAFELY DELIVER 2023 ATTRIBUTABLE GOLD PRODUCTION* 5.7-6.3Moz EXPLORATION & ADVANCED PROJECTS GOLD COSTS APPLICABLE TO SALES GOLD ALL-IN SUSTAINING COSTS** $870 - 970/oz $1,150 - 1,250/oz *** SUSTAINING CAPITAL DEVELOPMENT CAPITAL* $475 - 525M $1.0 - 1.2B $1.2 - 1.4B Meaningful Reinvestment in 2023 to Strengthen Global Portfolio *Includes production from the Company's equity method investment in the Pueblo Viejo joint venture. **See endnotes re non-GAAP metrics. ***Includes Tanami Expansion 2, Ahafo North, Yanacocha Sulfides, Pamour and Cerro Negro Expansion 1. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION N 21#22GOLD PRODUCTION EXPECTED TO BE NATURALLY WEIGHTED TOWARD H2 H1 2023 PROJECTED PRODUCTION H2 2023 PROJECTED PRODUCTION 45% 55% Q1 EXPECTATION - 21% OF 2023 GOLD PRODUCTION ☐ Strong H2 weighting at Ahafo and Cerro Negro due to mine sequence ■ Closure of Tanami track expected to delay production from Q1 to later in year ☐ Mine sequencing at Peñasquito results in lower Q1 production, compared to Q4 -25% of sustaining & development capital spend expected in Q1 N Increasing Gold Production with Declining Unit Costs Throughout 2023 NEWMONT CORPORATION 22 FEBRUARY 2023 INVESTOR PRESENTATION#23FIVE-YEAR OUTLOOK - STRONG GOLD PRODUCTION & IMPROVING COSTS N ALL-IN SUSTAINING COSTS ($/oz)** ATTRIBUTABLE GOLD PRODUCTION (Moz)* $1,300 7.0 = Actual = Outlook (+/-5%) 6.5 6.0 5.5 5.0 4.5 $1,100 $900 $700 $500 4.0 $300 2022A 2023E 2024E 2025E 2026E 2027E 2022A 2023E ☐ 90% of production from top-tier jurisdictions = Actual = Outlook (+/-5%) 2024E 2025E 2026E 2027E Ahafo North and Tanami Expansion 2 ramping up in 2025 *** Adding 1.2 - 1.4 MGEOs per year from copper, silver, lead and zinc *Attributable basis includes the Company's equity method investment in Pueblo Viejo (40%). Improving AISC to $1,000 - $1,100/oz Assuming higher labor and input costs persist through 2025 Improvement driven by lower-cost ounces from reinvestment **Represents the midpoint of the guidance range. All-In Sustaining Costs (or AISC) is a non-GAAP measure, see endnotes. CAS is $933/oz for 2022A, $890/oz-$990/oz for 2023E, $850/oz-$950/oz for 2024E, $780/oz-$880/oz for 2025, and $750/oz-$850/oz for 2026E and 2027E. ***See endnote re calculation of GEOS. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 23#24PORTFOLIO STRENGTHENED BY PRODUCTION FROM OTHER METALS COPPER PRODUCTION (Mlb) 110 80 50 = Actual = Outlook (+/-5%) SILVER PRODUCTION (Moz) 40 30 20 20 N = Actual = Outlook (+/-5%) 20 10 2022A 2023E 2024E 2025E 2026E 2027E 2022A 2023E 2024E 2025E 2026E 2027E ZINC PRODUCTION (Mlb) 700 500 300 = Actual LEAD PRODUCTION = Outlook (+/-5%) (Mlb) 280 220 160 = Actual = Outlook (+/-5%) 100 100 2022A 2023E 2024E 2025E 2026E 2027E 2022A 2023E 2024E 2025E 2026E 2027E FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 24#25$1,800 $1,600 GOLD ALL-IN SUSTAINING COSTS* Cumulative 2023 through 2027 ($/oz) DIVERSE, GLOBAL PORTFOLIO OF WORLD-CLASS ASSETS $1,400 $1,200 Total Newmont $1,000 $800 $600 $400 $200 $0 Pueblo Viejo** Peñasquito FEBRUARY 2023 INVESTOR PRESENTATION 5.0 Cerro Negro Tanami 10.0 Nevada** 15.0 Ahafo Éléonore Consolidated Gold Sold (Moz) *AISC is a non-GAAP measure, see endnotes. **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. 20.0 Boddington Musselwhite 25.0 Merian Akyem Yanacocha Porcupine CC&V NEWMONT CORPORATION 25 30.0 N = World-Class Assets#26OPERATING COSTS BY CATEGORY* 20% Contracted Services 50% Labor Costs 30% Newmont Employees 3% Liners, Wear Parts, & Other 4% Explosives 30% Materials & Consumables 7% Chemical & Reagents 8% Consumables 2% Natural Gas, & Other 9% Maintenance Parts 5% Electric Power *Represents results as of February 23, 2023. "Other" category of 5% primarily includes freight, technology-related costs, employee administrative costs, rents and operating leases. FEBRUARY 2023 INVESTOR PRESENTATION 15% Fuel & Energy Costs N 8% Diesel NEWMONT CORPORATION 26#27BASIS FOR DISCIPLINED 2023 OUTLOOK PRICING ASSUMPTIONS AND SENSITIVITIES (as of February 23, 2023) W PRICE CHANGE (-/+) FCF in $M (+/-) AISC in $/oz (-/+) Gold ($/oz) Australian Dollar Canadian Dollar $1,700 $100 $400 $5 $0.70 $0.05 $60 $15 $0.77 $0.05 $35 $10 Oil ($/bbl) Copper ($/lb) $90 $10 $20 $5 $3.50 $0.25 $15 Zinc ($/lb) $1.35 $0.10 $30 Silver ($/oz) $20.00 $1.00 $15 $2 Lead ($/lb) $0.90 $0.10 $10 2023 OPERATING COSTS BY CATEGORY* PERCENT OF TOTAL CHANGE IN COST (-/+) FCF in $M (+/-) AISC in $/oz (-/+) Labor Costs 50% 5% $90 $25 Materials & Consumables 30% 5% $50 $15 Fuel & Energy 15% 5% $30 $10 *"Other" category of 5% primarily includes freight, technology-related costs, employee administrative costs, rents and operating leases. Incorporating ~3% YoY Cost Escalation at $1,700/oz Gold Price Assumption FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 27#28ESTABLISHED OPERATIONS SUPPORT NETWORKS (OSNs) Monitor Coach MINING Improving efficiency and mining rates Intervene Sustain PROCESSING Optimizing throughput, recovery. and cost N Supporting operations through centralized network of world-class subject matter experts ASSET MANAGEMENT Higher equipment reliability & availability at lower cost Providing expert data and analytics through a consistent platform to produce improved performance at operations Enabling Full Potential improvements to be sustained DRIVING INSIGHTS THROUGH DATA AND ANALYTICS Allowing sites to focus on driving safety performance, delivering the plan and implementing Full Potential improvements Applying Lessons Learned During the Pandemic to Change the Way We Work FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 28#29OSNS: DRIVING IMPROVEMENTS ACROSS OPERATIONS Monitor Coach Intervene Sustain N >3,400 >1.2M >16,356 >11,319 ~91% >$5.8M >$132M Assets Monitored Data Streams Monitored Opportunities Identified in 2023* Recommendations Actioned by Site* Site Acceptance Rate Value created in 2023* Value created since 2020 OSN IMPROVEMENT OPPORTUNTIES IDENTIFIED YEAR TO DATE* 5,000 4,413 4,395 4,000 3,000 2,000 1,000 1,700 1,371 1,074 738 665 654 630 495 141 80 Penasquito Merian Cerro Negro Boddington Yanacocha CC&V Akyem Tanami** Ahafo Porcupine Musselwhite Eleonore** *As of Feb 24, 2023. **OSN framework will be fully-deployed in early-2023, additional opportunities to be identified. Identifying Opportunities to Improve Productivity, Reduce Costs, and Unlock Value R PRESENTATION NEWMONT CORPORATION 29#30PROCESSING OSN: BODDINGTON SPOTLIGHT N MONITOR ☐ OSN identified ball mill tonnage rate is trending below other ball mills OSN Analyst reviewed additional ball mill performance indicators and discovered issues with the feed pump's electrical targets COACH & INTERVENE ☐ The OSN and Newmont's Technical Services team collaborated with the site to develop a new ball mill control logic and operational strategy SUSTAIN New ball mill control logic and operational strategy sustains the site's mill capacity, avoiding throughput losses and improving gold recovery Improved Throughput and Recovery Rates at Boddington to Save $4.2M Annually FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 30#31MINING OSN: CRIPPLE CREEK & VICTOR SPOTLIGHT N MONITOR ■ ■ OSN identified site operator with idling time 300% higher than crew average A truck is idle when the engine is on, the truck is not in gear, and the truck is not being loaded COACH & INTERVENE ☐ OSN sent a notification to site and provided guidance on how to manage the operator's performance Site management provided direct operator coaching SUSTAIN Unaddressed, the operator underperformance could have resulted in fuel wastage of ~650L per month and a potential production loss of ~13k tons per month Avoided Potential Loss of $75K Annually at CC&V by Monitoring Operator Performance FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 31#32ASSET MANAGEMENT OSN: TANAMI SPOTLIGHT N MONITOR OSN identified a sudden emergence and rapid deterioration of a ball mill gearbox component through vibration analysis COACH & INTERVENE ☐ ☐ OSN recommended an initial inspection of gearbox to site; inspection confirmed diagnosis and severity OSN and site intervened to take the ball mill offline until repair and component change-out can occur SUSTAIN An OSN risk assessment showed that continued ball mill operation would have resulted in extensive asset damage and a 24-week mill shut down Addressed Potential Ball Mill Gearbox Failure, Avoiding a $10.9M Loss at Tanami FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 32#33TANAMI EXPANSION 2: INVESTING IN FUTURE GROWTH AND PROFITABILITY OPERATIONAL EFFICIENCY IMPROVES MARGINS Delivers a 1.5km deep production shaft, reducing operating costs by 10% through efficiency improvements Enables future processing of -3.3Mtonnes of ore per year Annual production increase of 150koz - 200koz for the first five full years, bringing average AISC for Tanami to $900-$1,000/oz (2026- 2030)* INDICATIVE TANAMI PRODUCTION PROFILE (kozs) 800 600 400 200 2022 2023 N PROGRESSING TANAMI EXPANSION 2 ☐ ☐ Supports Tanami's future as a long-life, low-cost producer and unlocks operational bottlenecks Investment of $1.2-$1.3B to extend mine life beyond 2040 & provide a platform for future growth through district expansion Completed shaft reaming and headframe installation; commercial production anticipated in H2 2025 2024 2025 2026 2027 2028 2029 2030 *Costs presented using a $1,400/oz gold price assumption. FEBRUARY 2023 INVESTOR PRESENTATION Tanami Base Tanami Expansion 2 2031 NEWMONT CORPORATION 33 2032#34AHAFO NORTH: BEST UNMINED DEPOSIT IN WEST AFRICA N EXPANDING CURRENT FOOTPRINT IN GHANA Open pit mine, stand-alone mill for processing 3.8Mozs of Reserve and 1.4Mozs of Resource 13-year mine life with ~300koz of average annual production over the first five years (2026 - 2030) First five-year CAS of $600-$700/oz and AISC of $800-$900/oz* PROGRESSING AHAFO NORTH ☐ Investment of $950-$1,050M; commercial production anticipated in late 2025 Land clearing has commenced on multiple work fronts with construction expected to commence in April 2023 Mineralization is open in all directions along 14km strike with significant upside potential INDICATIVE AHAFO NORTH PRODUCTION PROFILE (kozs) 1,000 Ahafo South Base Ahafo North 800 600 400 200 2022 2023 2024 2025 2026 2027 2028 2029 2030 *Costs presented using a $1,400/oz gold price assumption. FEBRUARY 2023 INVESTOR PRESENTATION 2031 2032 NEWMONT CORPORATION 34#35YANACOCHA SULFIDES: ASSESSING OPTIONALITY N POSSBILITIES WITHIN CURRENT FOOTPRINT First phase includes Yanacocha Verde and Chaquicocha deposits to profitably extend Yanacocha operations beyond 2040 Project to be developed over a three-year period with incremental average production of ~525kGEO's per year for the first five full years Includes the construction of an autoclave to produce ~45% gold, ~45% copper, and ~10% silver Second and third phases to further extend mine life, adding profitable production for multiple decades *See endnotes re Yanacocha Sulfides REVIEWING THE SULFIDES PROJECT IN TOTAL ☐ ☐ Appointed Dean Gehring to lead Yanacocha and the Sulfides Project Delayed Full funds decision to manage project execution risk, move out of a period of significant inflation and balance development capital cash flows Focused on managing existing operations and finding opportunities to enhance performance; $350M of capital spend in both 2023 and 2024 to progress towards full funds decision Assessing a range of scope and schedule scenarios, including the impacts of not proceeding at all FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 35#36SIGNIFICANT MILESTONES IN OUR ESG JOURNEY N 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 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 2022 First tax transparency report issued 2003 Founding member of Partnering Against Corruption Initiative 2004 First sustainability report issued 2007 Named to DJSI North World Index 2006 Named to DJSI North America Index Early adopter of the UN Guiding Principles on Business and 2014 Established annual public 2015 sustainability targets 2014 Diversity metrics included in Human Rights Reporting Framework personal objectives for certain Executives 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 change initiatives 2021 First climate strategy report issued 2021 Strategic alliance with CAT to achieve zero emissions Committed to Creating Value and Improving Lives through Sustainable and Responsible Mining FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 36#37PATHWAY TO ACHIEVING 2030 REDUCTION GOALS TARGETED STRATEGY TO REDUCE SCOPE 1 & 2 EMISSIONS (KtCO2e) 3,570 SCIENCE-BASED CLIMATE TARGETS APPROVED BY SBTİ Notes: 32% Reduction by 2030 (900) 72005 (160) (130) (90) (50) N 2,040 Driven by increase in renewable energy through development, grid. or partnership Strategic alliance with Caterpillar to drive industry change in mobile fleet electrification with larger reductions expected after 2030 2018 SBTi BASELINE BODDINGTON GRID ENERGY RENEWABLES RENEWABLES EFFICIENCY YANACOCHA TANAMI CATERPILLAR RENEWABLES RENEWABLES VISION ZERO AGREEMENT 2030 PROJECTED EMISSIONS Includes Scope 1 and 2 emissions only; Scope 3 emissions excluded. Emission reductions are rounded to the nearest ten thousand; total reduction does not sum due to rounding. This chart does not include growth which will need to be accounted for in the reduction of emissions as well. Therefore additional projects or areas of focus have been identified. Vision Zero is our collaboration with Caterpillar for zero emissions of large haulage vehicles. It is supportive of our 2050 work but may provide a small amount of reduction before 2030. The values shown for reduction are an approximation based on our current status for development of projects. FEBRUARY 2023 INVESTOR PRESENTATION Identification and execution of energy efficiency projects supported by Full Potential* *See endnotes regarding forward-looking statements and Full Potential. NEWMONT CORPORATION 37#38GOVERNANCE 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. FEBRUARY 2023 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 38#39BROAD MANAGEMENT EXPERIENCE EXECUTIVE LEADERSHIP TEAM BOARD OF DIRECTORS Requested photos from Comms Tom Palmer Rob Atkinson Brian Tabolt President and CEO EVP and COO EVP and CFO (Interim) Greg Boyce, Chair Bruce R. Brook Maura Clark Peter Toth Nancy Lipson Aaron Puna René Médori Julio M. Quintana Susan Story Jane Nelson EVP, Sustainability & Strategy EVP, General Counsel EVP and CTO N WREN Jen Cmil EVP, Human Resources Dean Gehring Patrick G. Awuah Jr. José Manuel Madero Emma FitzGerald EVP, Chief Development Officer - Peru FEBRUARY 2023 INVESTOR PRESENTATION Mary Laschinger NEWMONT CORPORATION 39#40ROBUST RESERVES IN STABLE MINING JURISDICTIONS Africa 9% Australia 12% GOLD RESERVES* 96 Maz + GOLD RESOURCES** 111 Moz South America 48% COPPER SILVER N COPPER RESERVES* 15.7 Blbs + COPPER RESOURCES** 26.5Blbs SILVER RESERVES* 593 Moz + SILVER RESOURCES** 652Moz LEAD ZINC North America 31% ■ >90% Reserves and Resources located in the Americas & Australia >10 years of gold reserve life 120 ounces of Reserves for every 1,000 NEM shares LEAD RESERVES* 2.3 Blbs + LEAD RESOURCES** 2.1B Blbs ZINC RESERVES* 5.5 Bibs + ZINC RESOURCES** 4.7 Blbs NEWMONT CORPORATION 40 *Refer to endnotes for additional information regarding reserves and resources. **Gold Resources consist of 75.3Moz Measured and Indicated and 36.1 Moz Inferred Resources. Copper Resources consist of 17.9Blbs Measured and Indicated and 8.6Blbs Inferred Resources. Silver Resources consist of 499.6Moz Measured and Indicated and 152.1 Moz Inferred Resources. Lead Resources consist of 1.6Blbs Measured and Indicated and 0.4Blbs Inferred Resources. Zinc Resources consist of 3.7Blbs Measured and Indicated and 1.0Blbs Inferred Resources. FEBRUARY 2023 INVESTOR PRESENTATION#41INVESTING IN EXPLORATION TO EXTEND MINE LIFE Tanami Boddington Coffee Saddle North Musselwhite 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. FEBRUARY 2023 INVESTOR PRESENTATION Éléonore Porcupine Pueblo Viejo* Merian Espérance Akyem Ahafo Yanacocha Andes N Exploration Investment** 20% $280M 80% in 2023 LEGEND Greenfield Brownfield Cerro Negro NEWMONT CORPORATION 41#42EXPLORATION IS A CORE EXPERTISE AND INVESTMENT PRIORITY Exploration Success Sector-Leading Team Technology Safety and Sustainability Land Position 28 Discoveries 343 Geoscientists Underpinned by a Proven Operating Model Cutting Edge Exploration Technologies Industry Leading Safety and ESG Practices ~61,500 km² Land Holding of Highly Prospective Ground Partnerships Expertise *See endnote re reserves and resources FEBRUARY 2023 INVESTOR PRESENTATION Joint Ventures, Exploration Alliances, Equity Investments Proud History of Exploration Built on Knowledge, Teamwork and Discoveries * 56 Moz of Reserves replaced by the drill bit in the last decade wwmont N NEWMONT CORPORATION 42#43DEVELOPING MINING DISTRICTS THROUGH EXPLORATION TINTINA PROVINCE Coffee Project Triumph Gold Independence Gold GOLDEN TRIANGLE Galore Creek JV Saddle Project SUPERIOR PROVINCE Porcupine Borden Éléonore Musselwhite Éléonore South JV Quebec Precious Metals Sirios Resources Metals Creek Resources Fury Gold Mines Limited TANAMI Tanami Oberon Project Monza JV Tobruk JV CENTRALIAN Christmas Creek JV YILGARN Boddington CARLIN TREND Nevada Gold Mines JV* Liberty Gold MESA CENTRAL Peñasquito Festiva JV Valenciana JV Orla Mining Chesapeake Gold ANDES Yanacocha Norte Abierto JV Nueva Union JV Minera Monte Aguila JV RIO GRANDE RIFT Cripple Creek & Victor Solitario Zinc HISPANIOLA Pueblo Viejo JV* LACHLAN Gilmore Alliance/JV Options JAPAN Irving Japan Alliance Japan Gold GUIANA SHIELD Merian Espérance JV W. AFRICA CRATON Ahafo Akyem Newmont Asset Exploration Joint Venture Equity Investment DESEADO MASSIF Cerro Negro Boleadora Lease *See endnote re Newmont Asset and Land Position FEBRUARY 2023 INVESTOR PRESENTATION Odienne JV Australia Japan Africa NUBIAN SHIELD Ezana JV (C&M) N NEWMONT CORPORATION 43#44NEVADA JOINT VENTURE PROCESSES N For contributing excluded assets Four Mile (Barrick), Fiberline (Newmont) and Mike (Newmont): Party that owns asset has obligation to contribute upon completion of successful Feasibility Study, which requires a project IRR of at least 15% Feasibility Study must be 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 FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 44#45Five Year Outlook: Gold & Consolidated Metrics GUIDANCE METRIC 2023E 2024E 2025E 2026E 2027E N Gold ($1,700/oz price assumption) Attributable Gold Production (Moz) 5.7 -6.3 5.9-6.5 5.9 - 6.5 6.1 -6.7 6.1 - 6.7 Gold CAS ($/oz)* $870 - $970 $850 - $950 $780 - $880 Gold AISC ($/oz)* $1,150 $1,250 Sustaining Capital ($M) $1,000 $1,200 $1,100 - $1,200 $1,000 $1,200 Development Capital ($M) $1,200 $1,400 $1,200 $1,400 $1,000 $1,100 $1,000 $1,200 $800 - $1,000 $750 - $850 $1,000 $1,100 $1,000 $1,200 $500 - $700 $750 - $850 $1,000 $1,100 $1,000 - $1,200 $300 - $500 *Consolidated basis; see endnotes (1) The adjusted tax rate excludes certain items such as tax valuation allowance adjustments. Assuming average prices of $1,700 per ounce for gold, $3.50 per pound for copper, $20.00 per ounce for silver, $0.90 per pound for lead, and $1.35 per pound for zinc and achievement of current production and sales volumes and cost estimates, we estimate our consolidated adjusted effective tax rate related to continuing operations for 2023 will be between 32%-36%. GUIDANCE METRIC General & Administrative ($M) Interest Expense ($M) Depreciation and Amortization ($M) Exploration & Advanced Projects ($M) Adjusted Tax Rate (%) 1,2 2023E $260 - $290 $200 - $220 (2) $2,200 $2,400 $475 - $525 32% - 36% FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 45 TM#46Five Year Outlook: Copper, Silver, Lead & Zinc GUIDANCE METRIC 2023E Copper ($3.50/lb price assumption) Copper Production (Mlbs) 2024E 2025E N TM 2026E 2027E 95-105 85-95 45-55 45-55 55-65 Copper CAS ($/lb)* $1.85 - $2.15 Copper AISC ($/lb)* $2.35 - $2.65 Silver ($20/oz price assumption) Silver Production (Moz) 31-35 32-36 35-39 28-32 30-34 Silver CAS ($/oz)* $11.10 $12.10 Silver AISC ($/oz)* $15.50 $16.50 Lead ($0.90/lb price assumption) Lead Production (Mlbs) 170-190 190 - 210 210 - 230 160-180 250-270 Lead CAS ($/lb)* $0.55 - $0.65 Lead AISC ($/lb)* $0.70 - $0.80 Zinc ($1.35/lb price assumption) Zinc Production (Mlbs) Zinc CAS ($/lb)* Zinc AISC ($/lb)* 420-460 550 - 590 580 - 620 460 - 500 400 - 440 $0.65 - $0.75 $1.05 - $1.15 *Consolidated basis; see endnotes FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 46#472023 Outlooka as of February 23, 2023 2023 Outlook Consolidated Production (Koz) Attributable Production Consolidated All-In (Koz) Consolidated CAS ($/oz) Sustaining Costs ($/oz) CC&V Éléonore Peñasquito Porcupine 160-180 160-180 1,150 - 1,250 1,580 - 1,680 265-295 265-295 960 - 1,060 1,300 - 1,400 Attributable Sustaining Capital Expenditures ($M) 25-35 55-65 N Attributable Development Capital Expenditures ($M) TM 330-370 330 370 840 - 940 1,110 - 1,210 135-145 285-315 285-315 Musselwhite Cerro Negro Yanacocha 200-220 200-220 315-345 315-345 950-1,050 860-960 850-950 1,250 - 1,350 45-55 100-120 1,290 - 1,390 65-75 1,060 - 1,160 45-55 110-130 255-285 255-285 1,370 - 1,470 1,620 - 1,720 25-35 320-360 Merianc Boddington Tanami Ahafo 315-345 235-265 980 - 1,080 1,230 1,330 35-45 740 - 820 740-820 800-900 420-460 420-460 770-870 960-1,060 1,130 -1,230 95-105 115-125 Akyem 675-745 315-345 675-745 850-950 1,010-1,110 75-85 340-380 5-15 315-345 850-950 1,110 - 1,210 25-35 245-275 Ahafo North Nevada Gold Minesd Pueblo Viejoe Peñasquito - Silver (Moz) Peñasquito Lead (Mlbs) - Peñasquito - Zinc (Mlbs) Boddington - Copper (Mlbs) 1,190 - 1,310 31-35 170-190 420-460 95-105 - 1,190 1,310 850 - 950 1,150 -1,250 250-350 50-150 315-345 31-35 170-190 11.10 12.10 420-460 95-105 15.50-16.50 0.70 -0.80 1.05 - 1.15 2.35 2.65 0.55 -0.65 0.65 - 0.75 1.85-2.15 a 2023 outlook projections are considered forward-looking statements and represent management's good faith estimates or expectations of future production results as of February 23, 2023. Outlook is based upon certain assumptions, including, but not limited to, metal prices, oil prices, certain exchange rates and other assumptions. For example, 2023 Outlook assumes $1,700/oz Au, $3.50/lb Cu, $20.00/oz Ag, $1.35/lb Zn, $0.90/lb Pb, $0.70 USD/AUD exchange rate, $0.77 USD/CAD exchange rate and $90/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 at the end of this release. b 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 2023 CAS outlook. © Consolidated production for Merian is presented on a total production basis for the mine site; attributable production represents a 75% interest for Merian. 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. e Attributable production includes Newmont's 40% interest in Pueblo Viejo, which is accounted for as an equity method investment. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 47#48Adjusted 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 analysts 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 Three Months Ended December 31, 2022 Year Ended December 31, 2022 (1) Per share measures may not recalculate due to rounding. (2) per share data (1) basic diluted per share data (1) basic diluted (3) Net income (loss) attributable to Newmont stockholders $ (1,477) $ (1.86) $ (1.86) $ (429) $ (0.54) $ (0.54) 45 (4) (5) Net loss (income) attributable to Newmont stockholders from discontinued operations (2) (11) (0.01) (0.01) (30) (0.04) (0.04) (6) Net income (loss) attributable to Newmont stockholders from continuing operations Impairment charges (4) (1,488) (1.87) (1.87) (459) (0.58) (0.58) (7) 1,317 1.66 1.66 1,320 1.66 1.66 (8) Reclamation and remediation charges, net (5) 700 0.88 0.88 713 0.90 0.90 Pension settlements (6) 7 0.01 0.01 137 0.17 0.17 (9) Change in fair value of investments (7) (45) (0.06) (0.06) 46 0.06 0.06 Gain on asset and investment sales (8) (61) (0.08) (0.08) (35) (0.04) Settlement costs (9) 2 22 0.03 Restructuring and severance (10) 1 4 0.01 (0.04) 0.03 0.01 COVID-19 specific costs (11) 2 3 Other (12) (3) (21) (0.03) Tax effect of adjustments (13) (283) (0.35) (0.35) (344) (0.44) (0.03) (0.44) Valuation allowance and other tax adjustments, net (14) 199 $ 0.25 348 $ 0.44 $ 0.44 0.25 82 $ 1,468 $ 0.11 0.11 1.85 $ 1.85 Weighted average common shares (millions): (3) 794 795 794 795 For additional information regarding our discontinued operations, see Note 1 to our Consolidated Financial Statements. Adjusted net income (loss) per diluted share is calculated using diluted common shares, which are calculated in accordance with U.S. GAAP. For the year ended December 31, 2022, potentially dilutive shares of 1 million were excluded from the computation of diluted loss per common share attributable to Newmont stockholders in the Consolidated Statement of Operations as they were antidilutive. These shares were included in the computation of adjusted net income per diluted share for the year ended December 31, 2022. Impairment charges, included in Impairment charges represents non-cash write-downs of long-lived assets and goodwill. Reclamation and remediation charges, net, included in Reclamation and remediation, represent revisions to the reclamation and remediation plans and cost estimates at the Company's former operating properties and historic mining operations that have entered the closure phase and have no substantive future economic value. Pension settlements, included in Other income (loss), net, represents pension settlement charges related to the annuitization of certain defined benefit plans. 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. Gain on asset and investment sales, included in Gain on asset and investment sales, net, primarily represents gains recognized on the sale of the investment in MARA, the disposal of trucks at Boddington and the sale of a royalty at NGM, partially offset by the loss recognized on the sale of the La Zanja equity method investment for the year ended 2022. Settlement costs, included in Other expense, net, primarily represents a legal settlement and a voluntary contribution made to support humanitarian efforts in Ukraine. (10) 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. (11) COVID-19 specific costs, included in Other expense, net, represents 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 $2 and $35, 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. (12) Primarily represents for the year ended, an $11 reimbursement of certain historical Goldcorp operational expenses related to a legacy project that reached commercial production in the second quarter of 2022 and $7 of penalty income from an energy vendor early terminating a contract in 2022, included Other income (loss), net. (13) The tax effect of adjustments, included in Income and mining tax benefit (expense), represents the tax effect of adjustments in footnotes (4) through (12), as described above, and are calculated using the applicable regional tax rate. (14) 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 months and the year ended December 31, 2022, reflects the net increase or (decrease) to net operating losses, capital losses, tax credit carryovers, and other deferred tax assets subject to valuation allowance of $178 and $246, respectively, the expiration of U.S. foreign tax credit carryovers of $31 and $31, respectively, the effects of changes in foreign exchange rates on deferred tax assets and liabilities of $(38) and $(86), respectively, net removal to the reserve for uncertain tax positions of $5 and $(8), respectively, a tax settlement in Mexico of $- and $(125), respectively, and other tax adjustments of $23 and $24, respectively. Total amount is presented net of income (loss) attributable to noncontrolling interests of $199 and $82, respectively. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 48#49EBITDA 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: Net income (loss) attributable to Newmont stockholders Net (income) loss from discontinued operations (1) Net income (loss) attributable to noncontrolling interests Equity loss (income) of affiliates Income and mining tax expense (benefit) Depreciation and amortization Interest expense, net EBITDA Adjustments: Three Months Ended December 31, coo Year Ended December 31, (1) (2) (3) 2022 2021 2022 2021 $ (1,477) $ (46) $ (429) $ 1,166 (4) 19 (718) 60 (933) (11) (15) (30) (57) (5) (26) (28) (107) (166) 112 300 455 1,098 (6) 571 639 2,185 2,323 53 66 227 274 $ (759) $ 198 $ 2,361 $ 3,705 (8) For additional information regarding our discontinued operations, refer to Note 1 to our Consolidated Financial Statements. Impairment charges, included in Impairment charges represents non-cash write-downs of long-lived assets and goodwill. Reclamation and remediation charges, included in Reclamation and remediation, represent revisions to the reclamation and remediation plans and cost estimates at the Company's former operating properties and historic mining operations that have entered the closure phase and have no substantive future economic value. Pension settlements, included in Other income (loss), net, primarily represents pension settlement charges related to the annuitization of certain defined benefit plans and lump sum payments to participants in 2022 and related to lump sum payments to participants in 2021. 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. Gain on asset and investment sales, included in Gain on asset and investment sales, net, primarily represents gains recognized on the sale of the investment in MARA, the disposal of trucks at Boddington and the sale of a royalty at NGM, partially offset by the loss recognized on the sale of the La Zanja equity method investment in 2022; and the gain on the sale of the Kalgoorlie Power business, gain on the NGM Lone Tree and South Arturo exchange transaction, and gain on the sale of TMAC in 2021. Settlement costs, included in Other expense, net, primarily represents a legal settlement and a voluntary contribution made to support humanitarian efforts in Ukraine in 2022; and a voluntary contribution made to the Republic of Suriname in 2021. Restructuring and severance, included in Other expense, net, primarily represents severance and related costs associated with significant organizational and operating model changes implemented by the Company for all periods presented. COVID-19 specific costs, included in Other expense, net, primarily includes amounts distributed from Newmont Global Community Support Fund to help host communities, governments and employees combat the COVID-19 pandemic. (10) 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 2021. The assets were remeasured to fair value less costs to sell. 25 1,696 4 (9) Impairment charges (2) 1,317 7 1,320 Reclamation and remediation charges (3) $ 700 $ 1,587 $ 713 $ Pension settlements (4) 7 4 137 Change in fair value of investments (5) (45) (45) 46 135 Gain on asset and investment sales (6) (61) (166) (35) (212) 2 22 11 1 1 4 11 2 2 3 5 571 11 1 Settlement costs (7) Restructuring and severance (8) COVID-19 specific costs (9) Loss on debt extinguishment (11) Loss on assets held for sale (10) Impairment of investments (12) Other (13) Adjusted EBITDA (14) FEN - N 11 (3) (21) $ 1,161 $ 1,599 $ 4,550 $ 5,963 S @ རྒྱ ཎྱ ཎྱ སྱེཤྱེ (11) Loss on debt extinguishment, included in Other income (loss), net, primarily represents losses on the debt tender offer and subsequent extinguishment of the 2023 Newmont Senior Notes and the 2023 Goldcorp Senior Notes during 2021. (12) Impairment of investments, included in Other income (loss), net, represents other-than-temporary impairment of other investments. (13) Primarily represents for the year ended, an $11 reimbursement of certain historical Goldcorp operational expenses related to a legacy project that reached commercial production in the second quarter of 2022 and $7 of penalty income from an energy vendor early terminating a contract in 2022, included Other income (loss), net. (14) Adjusted EBITDA has not been adjusted for $-, $, $-, and $8 of cash care and maintenance costs, included in Other expense, net, which primarily represent costs incurred associated with certain mine sites being temporarily placed into care and maintenance in response to the COVID-19 pandemic for the three months and years ended December 31, 2022 and 2021, respectively. TM FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 49#50Free 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 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 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 December 31, Year Ended December 31, 2022 2021 2022 2021 Net cash provided by (used in) operating activities $ 1,010 $ 1,299 $ 3,220 $ 4,279 Less: Net cash used in (provided by) operating activities of discontinued operations Net cash provided by (used in) operating activities of continuing operations (22) (13) 1,010 1,299 3,198 4,266 Less: Additions to property, plant and mine development (646) (441) (2,131) (1,653) Free Cash Flow $ 364 $ 858 $ 1,067 $ 2,613 Net cash provided by (used in) investing activities (1) $ (726) $ (351) $ (2,983) $ Net cash provided by (used in) financing activities $ (479) $ (595) $ (2,356) $ (1,868) (2,958) (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. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 50#51Attributable Free Cash Flow N 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. TM Three Months Ended December 31, 2022 Consolidated Attributable to noncontrolling interests (1) Attributable to Newmont Stockholders Consolidated Year Ended December 31, 2022 Attributable to interests (1) Attributable to noncontrolling Newmont Stockholders Net cash provided by (used in) operating activities $ 1,010 $ (19) $ 991 $ 3,220 $ (83) $ 3,137 Less: Net cash used in (provided by) operating activities of discontinued operations Net cash provided by (used in) operating activities of continuing operations Less: Additions to property, plant and mine development (2) 1,010 (646) (19) 4 991 (22) 3,198 (22) (83) 3,115 (642) (2,131) 29 (2,102) Free Cash Flow $ 364 $ (15) $ 349 $ 1,067 $ (54) $ 1,013 Net cash provided by (used in) investing activities (3) Net cash provided by (used in) financing activities $ $ (726) (479) $ (2,983) $ (2,356) (1) (2) (3) 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 primarily relates to Merian (25%) for the three months and year ended December 31, 2022 and Yanacocha (48.65%) and Merian (25%) for the three months and year ended December 31, 2021. The Company acquired the remaining interest in Yanacocha in 2022, resulting in 100% ownership interest at December 31, 2022. For the three months and year ended December 31, 2022, Yanacocha had total consolidated Additions to property, plant and mine development of $166 and $403, respectively, on a cash basis. For the three months and year ended December 31, 2022, Merian had total consolidated Additions to property, plant and mine development of $19 and $56, respectively, on a cash basis. 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. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 51#52All-in Sustaining Costs N 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, Newmont calculates All-In Sustaining Costs ("AISC") based on the definition published by the World Gold Council. The World Gold Council is a market development organization for the gold industry comprised of and funded by gold mining companies around the world and a regulatory organization. AISC is 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. We believe that AISC is a non-GAAP measure that provides additional information to management, investors and others 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. 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 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 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 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 Consolidated Statements of Operations less the amount of CAS attributable to the production of other metals. The other metals' CAS at those mine sites is disclosed in Note 3 of the Consolidated Financial Statements. The allocation of CAS between gold and other metals 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 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. 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 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. 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. Other expense, net. For Other expense, net we include care and maintenance costs relating to 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 and 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. 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 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. 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. 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. TM FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 52#53All-in Sustaining Costs Advanced Projects, Research and Three Months Ended December 31, 2022 Costs Applicable to Reclamation Sales(1)(2)(3) Costs(4) Development and Exploration(5) General and Administrative Other Expense, Net(6)(7) Treatment and Refining Costs Sustaining Capital and Lease Related Costs(8)(9) All-In Sustaining Costs All-In Sustaining Ounces Costs Per (000) Sold OZ.(10) Gold CC&V Musselwhite $ 76 $ 5 $ 4 $ 52 1 3 Porcupine 72 3 2 Éléonore 69 2 4 Peñasquito 119 2 1 Other North America 1 North America 388 13 15 |||||--|| $ (1) 2 | | | EIIN- (1) $ 15 $ 99 55 $ 1,783 21 77 58 (2) 1,355 (3) 17 94 79 1,188 18 93 66 1,426 (4) 2 20 146 165 884 2 (1) 91 511 422 1,213 Yanacocha 99 5 (1) 2 6 112 60 1,833 (5) Merian 99 2 2 (1) 20 122 118 1,043 Cerro Negro 78 2 1 14 95 73 1,300 Other South America 1 1 2 South America 276 7 1 4 3 40 331 251 1,318 Boddington 161 5 2 Tanami 98 1 Other Australia 1 Australia 259 5 4 Ahafo Akyem Other Africa Africa Nevada Gold Mines Nevada Corporate and Other Total Gold 300 300 $ 1,513 ΤΗ 10 182 197 922 (6) 35 134 128 1,044 2 5 4 47 321 325 986 (7) 176 4 2 114 12 2 290 16 4 2 1 27 211 176 1,202 8 135 116 1,157 (8) 1 5 36 351 292 1,203 4 3 4 3 68 380 320 68 380 320 1,186 1,186 (9) 12 46 2 3 63 43 $ 40 $ 58 $ 9 $ 9 $ 285 $ 1,957 1,610 $ 1,215 Gold equivalent ounces - other metals (11) Peñasquito Other North America North America Boddington Other Australia Australia $ 217 $ 5 $ 2 $ 217 50 50 2 2 $ 35 35 A $ 34 $ 295 251 $ 1,178 34 295 251 1,181 2 3 57 60 939 1 58 60 954 Corporate and Other 2 6 Total Gold Equivalent Ounces $ 267 $ 5 $ 5 $ 8 $ 1 10 $ 37 $ 38 $ 363 311 $ 1,166 Consolidated $ 1,780 $ 48 $ 45 $ 66 $ 12 $ 46 $ 323 $ 2,320 FEBRUARY 2023 INVESTOR PRESENTATION N TM Excludes Depreciation and amortization and Reclamation and remediation. Includes by-product credits of $36 and excludes co-product revenues of $370. Includes stockpile and leach pad inventory adjustments of $19 at CC&V, $24 at Yanacocha, $9 at Ahafo, $17 at Akyem, and $2 at NGM. Reclamation costs include operating accretion and amortization of asset retirement costs of $16 and $32, respectively, and exclude accretion and reclamation and remediation adjustments at former operating properties and historic mining operations that have entered the closure phase and have no substantive future economic value of $29 and $713, respectively. Advanced projects, research and development and Exploration excludes development expenditures of $1 at Porcupine, $1 at Other North America, $12 at Yanacocha, $2 at Merian, $10 at Cerro Negro, $11 at Other South America, $6 at Tanami, $4 at Other Australia, $6 at Ahafo, $2 at Akyem, $4 at NGM and $18 at Corporate and Other, totaling $77 related to developing new operations or major projects at existing operations where these projects will materially benefit the operation. 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 $2 for South America. Other expense, net is adjusted for impairment of long-lived and other assets of $1,317, distributions from the Newmont Global Community Support Fund of $2 and restructuring and severance costs of $1. Includes sustaining capital expenditures of $113 for North America, $39 for South America, $46 for Australia, $35 for Africa, $70 for Nevada, and $4 for Corporate and Other, totaling $307 and excludes development capital expenditures, capitalized interest and the change in accrued capital totaling $339. Refer to Liquidity and Capital Resources within Part II, Item 7, Management's Discussion and Analysis for discussion of major development projects. Includes finance lease payments for sustaining projects of $16. (10) Per ounce measures may not recalculate due to rounding. (11) 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 ($3.25/lb.), Silver ($23.00/oz.), Lead ($0.95/lb.) and Zinc ($1.15/lb.) pricing for 2022. NEWMONT CORPORATION 53#54Costs December 31, 2022 Applicable to Sales(1)(2)(3) Reclamation Costs(4) All-in Sustaining Costs Year Ended Advanced Projects, Research and Development and Exploration (5) General and Administrative Other Expense, Net(6)(7) Treatment and Refining Costs Sustaining Capital and Lease Related Costs(8)(9) All-In Sustaining Costs All-In Sustaining Ounces Costs Per (000) Sold OZ.(11) Gold CC&V Musselwhite Porcupine (1) $ 241 $ 16 $ 10 $ 195 5 8 $ 3 $ 1 $ 45 $ 315 185 $ 1,697 (2) 53 262 172 1,531 281 6 11 52 350 280 1,248 (3) Éléonore 266 9 5 3 63 346 217 1,599 Peñasquito (10) 442 10 4 3 23 72 555 573 968 (4) Other North America 1 6 1 8 North America 1,425 46 39 7 11 23 285 1,836 1,427 1,287 Yanacocha. 313 19 2 11 Merian 369 6 11 2 Cerro Negro 283 5 1 2 10 9 Other South America South America 965 30 14 12 23 Boddington 652 17 5 2 16 Tanami 328 2 7 6 Other Australia 2 Australia 980 19 14 8 8 16 འཆིན | ཞཐཱ& || | || 23 369 250 1,477 57 445 403 1,105 (5) 54 355 281 1,262 9 134 1,178 934 1,262 56 748 813 124 467 486 921 960 9 19 (6) 189 1,234 1,299 950 Ahafo Akyem Other Africa Africa 566 11 5 334 35 2 3 900 46 10 Nevada Gold Mines Nevada Corporate and Other 1,153 9 15 1,153 9 15 । ।༠ e 2 1 9 1 9 4 10 90 674 572 1,178 32 404 415 972 (7) 3 16 125 1,094 987 1,108 (8) 230 1,421 1,165 1,220 230 1,421 1,165 1,220 Total Gold 70 192 12 275 $ 5,423 $ 150 $ 162 $ 238 $ 47 $ 43 $ 975 $ 7,038 5,812 $ 1,211 Gold equivalent ounces - other metals(12) Peñasquito (10) Other North America North America Boddington Other Australia Australia 864 $ 19 $ 10 $ $ 5 $ 130 $ 132 $ 1,161 1,044 $ 2 2 864 19 10 3 5 130 132 1,163 1,044 181 2 2 2 181 2 2 2 N TM (9) Excludes Depreciation and amortization and Reclamation and remediation. Includes by-product credits of $117 and excludes co-product revenues of $1,499. Includes stockpile and leach pad inventory adjustments of $37 at CC&V, $37 at Yanacocha, $3 at Merian, $9 at Ahafo, $19 at Akyem, and $51 at NGM. Reclamation costs include operating accretion and amortization of asset retirement costs of $65 and $106, respectively, and exclude accretion and reclamation and remediation adjustments at former operating properties and historic mining operations that have entered the closure phase and have no substantive future economic value of $114 and $742, respectively. Advanced projects, research and development and Exploration excludes development expenditures of $1 at CC&V, $3 at Porcupine, $5 at Peñasquito, $3 at Other North America, $20 at Yanacocha, $10 at Merian, $24 at Cerro Negro, $40 at Other South America, $21 at Tanami, $16 at Other Australia, $21 at Ahafo, $12 at Akyem, $17 at NGM and $82 at Corporate and Other, totaling $275 related to developing new operations or major projects at existing operations where these projects will materially benefit the operation. 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 $11 for North America, $16 for South America and $8 for Australia, totaling $35. Other expense, net is adjusted for settlement costs of $22, restructuring and severance costs of $4 and distributions from the Newmont Global Community Support Fund of $3. Includes sustaining capital expenditures of $369 for North America, $133 for South America, $189 for Australia, $121 for Africa, $230 for Nevada, and $17 for Corporate and Other, totaling $1,059 and excludes development capital expenditures, capitalized interest and the change in accrued capital totaling $1,072. Refer to Liquidity and Capital Resources within Part II, Item 7, Management's Discussion and Analysis for discussion of major development projects. Includes finance lease payments for sustaining projects of $64 and excludes finance lease payments for development projects of $36. 1,112 (10) Costs applicable to sales includes $70 related to the Peñasquito Profit-Sharing Agreement associated with 2021 site performance. For further information, refer to Note 3 of the Consolidated Financial Statements. 1,115 (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 ($3.25/lb.), Silver ($23.00/oz.), Lead ($0.95/lb.) and Zinc ($1.15/lb.) pricing for 2022. 10 12 207 231 894 1 3 10 13 210 231 909 Corporate and Other 11 33 3 48 Total Gold Equivalent Ounces $ 1,045 $ 21 $ 23 $ 38 $ 6 $ 140 $ 148 $ 1,421 1,275 $ 1,114 Consolidated $ 6,468 $ 171 $ 185 $ 276 $ 53 $ 183 $ 1,123 $ 8,459 FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 54#55Gold All-in Sustaining Costs - 2023 Outlook N A reconciliation of the 2023 Gold AISC outlook to the 2023 Gold CAS outlook is provided below. The estimates in the table below are considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and 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. 2023 Outlook Gold (1)(2) (in millions, except ounces and per ounce) Outlook Estimate Cost Applicable to Sales (3)(4) Reclamation Costs (5) Advanced Projects & Exploration (6) General and Administrative (7) Other Expense Treatment and Refining Costs Sustaining Capital (8) Sustaining Finance Lease Payments All-in Sustaining Costs 5,500 190 170 235 15 (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 2023 AISC Gold 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. 50 (3) Excludes Depreciation and amortization and Reclamation and remediation. (4) Includes stockpile and leach pad inventory adjustments. 1,000 30 7,200 Ounces (000) Sold (9) 6,000 (8) Excludes development capital expenditures, capitalized interest and change in accrued capital. All-in Sustaining Costs per Ounce $ 1,200 (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. (9) Consolidated production for Merian is presented on a total production basis for the mine site and excludes production from Pueblo Viejo. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 55 TM#56Net 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: Three Months Ended December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 Net income (loss) attributable to Newmont stockholders $ (1,477) $ 213 $ 387 $ 448 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 19 7 13 21 (11) 5 (8) (16) (26) (25) (17) (39) 112 96 33 214 571 508 559 547 Interest expense, net 53 55 57 62 EBITDA (759) 859 1,024 1,237 EBITDA Adjustments: Impairment of long-lived and other assets 1,317 Reclamation and remediation charges 700 (Gain) loss on asset and investment sales Change in fair value of investments Pension settlements Settlement costs COVID-19 specific costs Restructuring and severance Other (61) (45) 7 2 2 1 -6522 1 2 T 13 (9) 35 (5) 135 (39) 130 5 1 1 13 (3) (18) Adjusted EBITDA 1,161 850 1,149 1,390 12 month trailing Adjusted EBITDA $ 4,550 Total Debt +A $ 5,571 Lease and other financing obligations 561 Less: Cash and cash equivalents (2,877) Less: Time deposits $ (829) Total net debt $ 2,426 Net debt to adjusted EBITDA FEBRUARY 2023 INVESTOR PRESENTATION 0.5 NEWMONT CORPORATION 56#57Endnotes N Investors are encouraged to read the information contained in this presentation in conjunction with the most recent Form 10-K for the year ended December 31, 2022 filed with the SEC on February 23, 2023. Investors are reminded that expectations regarding outlook and guidance, including future financial results, operating performance, projects, exploration, investments, capital allocation, dividends and transactions are forward looking and remain subject to risk and uncertainties. See Cautionary Statement on slide 2, the risk factors section in the Form 10-K, and the 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 February 23, 2023. Outlook is based upon certain assumptions, including, but not limited to, metal prices, oil prices, certain exchange rates and other assumptions. For example, 2023 Outlook assumes $1,700/oz Au, $3.50/lb Cu, $20.00/oz Ag, $1.35/lb Zn, $0.90/lb Pb, $0.70 USD/AUD exchange rate, $0.77 USD/CAD exchange rate and $90/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. T 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. World-class asset. Defined as +500k GEO's/year consolidated, average AISC/oz in the lower half of the industry cost curve and a mine life >10 years in countries that are classified in the A and B rating ranges for each of Moody's, S&P and Fitch. Dividend. Our future dividends 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 and expected 2023 dividend payout ranges are non-binding. Management's expectations with respect to future dividends, annualized dividends, payout ranges 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. 2022 Gold equivalent ounces (GEOS). 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/oz.), Lead ($0.95/lb.), and Zinc ($1.15/lb.) pricing. 2023 Gold equivalent ounces (GEOS). Calculated as pounds or ounces produced multiplied by the ratio of the other metal's price to the gold price, using Gold ($1,400/oz.), Copper ($3.50/lb.), Silver ($20/oz.), Lead ($1.00/lb.), and Zinc ($1.20/lb.) pricing. Reserves and Resources gold equivalent ounces (GEO's). Gold Equivalent Ounces calculated using Mineral Reserve pricing: Gold ($1,400/oz.), Copper ($3.50/lb.), Silver ($20/oz.), Lead ($1.00/lb.), and Zinc ($1.20/lb.) and Resource pricing Gold ($1,600/oz.), Copper ($4.00/lb.), Silver ($23/oz.), Lead ($1.20/lb.), and Zinc ($1.45/lb.) and metallurgical recoveries for each metal on a site-by-site basis as metal * [(metal price * metal recovery) / (gold price * gold recovery)]. Reserve and Resource Estimates: The reserves stated herein were prepared in compliance with Subpart 1300 of Regulation S-K adopted by the United States Securities and Exchanges Commission (the "SEC") and represent the amount of gold, copper, silver, lead, zinc and molybdenum estimated, at December 31, 2022, 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 at a minimum, a pre-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 (or our joint venture partners) 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 (or our joint venture partners') 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 or molybdenum extraction and type of milling or leaching facilities available. TM FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 57#58Endnotes N Cautionary Statement Regarding Reserve and Resource Estimates: The reserves stated herein were prepared in compliance with Subpart 1300 of Regulation S-K adopted by the United States Securities and Exchanges Commission (the "SEC") and represent the amount of gold, copper, silver, lead, zinc and molybdenum estimated, at December 31, 2022, 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 at a minimum, a pre-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 (or our joint venture partners) 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 (or our joint venture partners') 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 or 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, lead and molybdenum 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, lead and molybdenum 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 pre-feasibility and 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. 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. The Company cannot be certain that any part or parts of the resource will ever be converted into reserves. In addition, if the price of gold, silver, copper, zinc, lead or molybdenum declines from recent levels, if production costs increase, grades decline, recovery rates decrease or if applicable laws and regulations are adversely changed, the indicated level of recovery may not be realized or mineral reserves or resources might not be mined or processed profitably. If we determine that certain of our mineral reserves or resources have become uneconomic, this may ultimately lead to a reduction in our aggregate reported mineral reserves and resources. Consequently, if our actual mineral reserves and resources are less than current estimates, our business, prospects, results of operations and financial position may be materially impaired. Investors are encouraged to review the Company's Annual Report on Form 10-K filed with the SEC on February 23, 2023, which includes the "Proven and Probable Reserve" and "Measured and Indicated and Inferred Resource" tables, prepared in compliance with Subpart 1300 of Regulation S-K adopted by the SEC, as well as discussion of risks under the heading "Risk Factors", which are available at www.sec.gov or on the Company's website at www.newmont.com. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 58#59Endnotes N Reserve and Resource Estimates (cont.): Estimates of Proven and Probable reserves are subject to considerable uncertainty. Such estimates are, or will be, to a large extent, based on the prices of gold, silver, copper, zinc, lead and molybdenum and interpretations of geologic data obtained 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, lead and molybdenum 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 pre-feasibility and 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. 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. The Company cannot be certain that any part or parts of the resource will ever be converted into reserves. In addition, if the price of gold, silver, copper, zinc, lead or molybdenum declines from recent levels, if production costs increase, grades decline, recovery rates decrease or if applicable laws and regulations are adversely changed, the indicated level of recovery may not be realized or mineral reserves or resources might not be mined or processed profitably. If we determine that certain of our mineral reserves or resources have become uneconomic, this may ultimately lead to a reduction in our aggregate reported mineral reserves and resources. Consequently, if our actual mineral reserves and resources are less than current estimates, our business, prospects, results of operations and financial position may be materially impaired. Investors are encouraged to review the Company's Annual Report on Form 10-K filed with the SEC on February 23, 2023, which includes the "Proven and Probable Reserve" and "Measured and Indicated and Inferred Resource" tables, prepared in compliance with Subpart 1300 of Regulation S-K as adopted by the SEC, as well as discussion of risks under the heading "Risk Factors", which are available at www.sec.gov or on the Company's website at www.newmont.com. Non-GAAP Metrics Adjusted Net Income. Adjusted Net Income is a non-GAAP metric. Adjusted Net Income per share refers to Adjusted Net Income per diluted share. See appendix or more information and reconciliation to the nearest GAAP metric. Free Cash Flow. 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. Attributable Free Cash Flow. Attributable FCF or Attributable Free cash flow are used herein is a forward-looking statement and is subject to risks and uncertainties. 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. 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 2023 AISC outlook to the 2023 CAS outlook. EBITDA and Adjusted EBITDA. EBITDA and Adjusted EBITDA are a non-GAAP financial measures. EBITDA is calculated as Earnings before interest, taxes and depreciation and amortization. For management's EBITDA and Adjusted EBITDA calculations and reconciliation to the nearest GAAP metric, please see appendix for more information. Please also refer also to appendix for a reconciliation of Adjusted EBITDA to the nearest GAAP metric. 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. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 59 TM#60Endnotes N TM 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. 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 not 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. Sustainalytics. Sustainalytics ESG ranking is based on publicly disclosed data available from Bloomberg terminal data accessed February 23, 2023. 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. COVID-19. The extent to which COVID-19, related variants or other health emergencies will impact the Company in the future remains uncertain and cannot be predicted. COVID-19 has impacted the operation of Newmont's mines and the development of projects and impacted exploration activities in the past. 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 in the future could include additional employee and contractor absenteeism, travel restraints, 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,, which could have a material adverse effect on the Company's cash flows, earnings, results of operations, estimated capital expenditures and the timing of projects. Potential Newcrest Transaction: Statements relating to the potential transaction to acquire the share capital of Newcrest, expectations regarding the potential value proposition and expectations regarding potential engagement or similar statements constitute "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. There is no certainty that any transaction will occur or that further negotiations or due diligence will take place. Risks include fluctuations in company stock price and results of operations; uncertainties regarding the outcome of discussions between Newmont and Newcrest with respect to the potential transaction, including the possibility that the parties may not agree to pursue a business combination; uncertainties about the outcomes of the due diligence process and the ability to consummate the potential combination or achieve the expected benefits; uncertainties with respect to shareholder approvals; potential regulatory or closing delays; and changes in the overall economic conditions. See slide 2 more information regarding forward-looking statements. Newmont does not undertake any obligation to communicate publicly revisions to any "forward-looking statement" to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. No Offer or Solicitation. This presentation is neither an offer to purchase or exchange nor a solicitation of an offer to sell securities of Newmont or Newcrest. In furtherance of this potential transaction and subject to future developments, Newmont may file one or more proxy statements or other documents with the SEC. This communication is not a substitute for any proxy statement, prospectus or other document Newmont or Newcrest may file with the SEC and Australian regulators in connection with the potential transaction. INVESTORS AND SECURITY HOLDERS OF NEWMONT AND NEWCREST ARE URGED TO READ THE PROXY STATEMENT(S), PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE POTENTIAL BUSINESS COMBINATION TRANSACTION. Investors and securityholders may obtain a free copy of the disclosure documents (when they are available) and other documents filed by Newmont with the SEC at the SEC's website at www.sec.gov. The disclosure documents and other documents that are filed with the SEC by Newmont may also be obtained on Newmont's website at www.newmont.com or obtained for free from the sources listed below. Newmont and certain of its directors and executive officers may be deemed to be participants in any solicitation of proxies from Newcrest stockholders in respect of the potential transaction between Newmont and Newcrest. Information regarding Newmont's directors and executive officers is available in its proxy statement for its 2022 annual meeting of stockholders, which was filed with the SEC on March 7, 2022. This document can be obtained free of charge from the sources indicated below. Additional information regarding the interests of these participants in such proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in any proxy statement and other relevant materials to be filed with the SEC in connection with the potential transaction if and when they become available. FEBRUARY 2023 INVESTOR PRESENTATION NEWMONT CORPORATION 60