DECEMBER 2021 INVESTOR PRESENTATION
Reducing Costs and Improving Margin
DECLINING COSTS OVER
TIME
■ Gold AISC improves to $920 -
$1,020/oz and co-product GEO
AISC improves to $800 - $900/oz
■ Improving total GEO AISC to
between $880 - $980/oz at
$1,800/oz gold price assumption
ALL-IN SUSTAINING COST ($/OZ)
Gold AISC*
$1,100
$1,000
$900
$800
$700
Incorporating increased inflation
pressures and logistic delays
$600
■ Overall cost decline supported
$500
by Full Potential and investment
in new, lower-cost production
$400
Total GEO
AISC*
Co-Product GEO AISC
N
TM
$300
*AISC is a non-GAAP measure, see endnotes; outlook for gold CAS is $790/oz for 2021,
$820/oz for 2022, $740/oz-$840/oz for 2023, and $700/oz-$800/oz for 2024 through
2026; outlook for total GEO CAS is $770/oz for 2021, $800/oz for 2022, $710/oz -$810/oz
for 2023, and $640/oz -$740/oz for 2024 through 2026.
2021E
2022E
2023E
2024E
2025E
2026E
DECEMBER 2021 INVESTOR PRESENTATION
NEWMONT CORPORATION
8View entire presentation