DECEMBER 2021 INVESTOR PRESENTATION
2022 Site Outlooka as of December 2, 2021
Consolidated All-
Consolidated
Production (Koz)
Attributable
Production (Koz)
Consolidated CAS
(s/oz)
In Sustaining
Costs (s/oz)
Consolidated
Sustaining Capital
Consolidated
Development
Capital
Expenditures (SM) Expenditures ($M)
a)
CC&V
210
210
975
1,200
35
Éléonore
Peñasquito
275
275
975
1,150
30
475
475
650
850
125
Porcupine
340
340
875
1,025
40
100
Musselwhite
200
200
875
1,150
50
Other North America
Cerro Negro
Yanacocha
Merian
Pueblo Viejo
260
260
875
1,095
50
75
225
105
1,100
1,375
25
475
465
350
750
860
50
285
Other South America
b)
Boddington
900
900
750
860
95
10
Tanami
500
500
625
960
125
275
c)
Other Australia
15
Ahafo
Akyem
Ahafo North
650
650
875
1,000
85
30
d)
400
400
725
925
40
10
e)
340
Other Africa
Nevada Gold Mines
1,250
1,250
825
1,050
245
70
f)
Corporate/Other
Peñasquito - Co-products (GEO)*
1,000
1,000
670
940
Boddington - Co-products (GEO)*
300
300
740
890
Peñasquito - Silver (Moz)
Peñasquito - Lead (Mlbs)
Peñasquito - Zinc (Mlbs)
Boddington - Copper (Mlbs)
29
29
150
150
350
350
110
110
DECEMBER 2021 INVESTOR PRESENTATION
N
2022 outlook projections are considered forward-looking statements and represent
management's good faith estimates or expectations of future production results as of
December 2, 2021. Outlook is based upon certain assumptions, including, but not
limited to, metal prices, oil prices, certain exchange rates and other assumptions. For
example, 2022 Outlook assumes $1,800/oz Gold, $3.25/lb Copper, $23.00/oz Silver,
$1.15/lb Zinc, $0.95/lb Lead, $0.75 USD/AUD exchange rate, $0.80 USD/CAD exchange
rate and $60/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.
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 2022 CAS
outlook.
Consolidated production for Yanacocha and Merian is presented on a total
production basis for the mine site; attributable production represents a 51.35%
interest for Yanacocha and a 75% interest for Merian.
Attributable production includes Newmont's 40% interest in Pueblo Viejo, which is
accounted for as an equity method investment.
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.
Gold equivalent ounces (GEO) are 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 ($23.00/oz.), Lead ($0.95/lb.), and Zinc ($1.15/lb.)
pricing.
NEWMONT CORPORATION
41
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