DECEMBER 2021 INVESTOR PRESENTATION
Five Year Outlook: $1,800/oz Gold Price Assumption N
TM
GUIDANCE METRIC (+/- 5%)
2022E
2023E
2024E
2025E
2026E
*
Gold production (Mozs)
6.2
6.0-6.6
6.2-6.8
6.2-6.8
**
Other metal production** (Mozs)
1.3
1.4-1.6
1.4-1.6
1.4-1.6
6.2-6.8
1.4 - 1.6
*
Total GEO production (Mozs).
7.5
7.5-8.1
7.7 -8.3
7.7 -8.3
7.7 - 8.3
Gold CAS ($/oz)
$820
$740 - $840
$700 - $800
$700 - $800
$700 - $800
Co-product GEO CAS ($/oz)
$675
$600 - $700
$500 - $600
$500 - $600
$500 - $600
Total GEO CAS ($/oz)
$800
$710 - $810
$640 - $740
$640 - $740
$640 - $740
Gold AISC ($/oz)*
***
$1,050
$980 - $1,080
$920 - $1,020
$920 - $1,020
$920 - $1,020
Co-Product GEO AISC ($/oz)***
$975
$900 - $1,000
$800 - $900
$800 - $900
$800 - $900
Total GEO AISC ($/oz)***
$1,030
$950 - $1,050
$880 - $980
$880 - $980
$880 - $980
Sustaining capital* ($M)
$925
$825 - $1,025
$825 - $1,025
$825 - $1,025
$825 - $1,025
Development capital* ($M)
$1,200
$1,100 – $1,300
$800 $1,000
$200 - $400
$100 - $300
Total capital* ($M)
$2,125
$2,025 - $2,225
$1,725 - $1,925
$1,125 - $1,325
$1,025 - $1,225
*Attributable basis; **Attributable co-product gold equivalent ounces; includes copper, zinc, silver and lead; ***Consolidated basis; see endnotes
DECEMBER 2021 INVESTOR PRESENTATION
NEWMONT CORPORATION
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