DECEMBER 2021 INVESTOR PRESENTATION
Co-Product All-in Sustaining Costs - 2022 Outlook
N
A reconciliation of the 2022 Co-product AISC outlook to the 2022 Co-Product CAS outlook is provided below. The estimates in the table below are considered "forward-looking statements" within the 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws.
2022 Outlook - Co-Product (1)(2)
(in millions, except GEO and per GEO)
Cost Applicable to Sales (3)(4)
Reclamation Costs (5)
Advanced Projects and Exploration (6)
General and Administrative (7)
Other Expense
Treatment and Refining Costs
Sustaining Capital (8)
Sustaining Finance Lease Payments
All-in Sustaining Costs
Outlook Estimate
900
20
20
35
20
160
125
20
$
1,300
TM
Co-Product GEO (000) Sold (9)
All-in Sustaining Costs per Co Product GEO
$
1,350
975
(1) The reconciliation is provided for illustrative purposes in order to better describe management's estimates of the components of the calculation. Estimates for each component of the forward-looking All-in sustaining costs per ounce
are independently calculated and, as a result, the total All-in sustaining costs and the All-in sustaining costs per ounce may not sum to the component ranges. While a reconciliation to the most directly comparable GAAP measure has
been provided for 2022 AISC Gold, Co-Product and Total Outlook on a consolidated basis, a reconciliation has not been provided on an individual site or project basis in reliance on Item 10(e)(1)(i)(B) of Regulation S-K because such
reconciliation is not available without unreasonable efforts.
(2)
(3)
All values are presented on a consolidated basis for Newmont.
Excludes Depreciation and amortization and Reclamation and remediation.
(4) Includes stockpile and leach pad inventory adjustments.
(5) Reclamation costs include operating accretion and amortization of asset retirement costs.
(6) Advanced Project and Exploration excludes non-sustaining advanced projects and exploration.
Includes stock based compensation.
(7)
(8) Excludes development capital expenditures, capitalized interest and change in accrued capital.
(9) Co-Product GEOs are all non-gold co-products (Peñasquito silver, zinc, lead, Boddington copper).
DECEMBER 2021 INVESTOR PRESENTATION
NEWMONT CORPORATION
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