Investor Presentaiton
FIVE-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
ā
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
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