DECEMBER 2021 INVESTOR PRESENTATION slide image

DECEMBER 2021 INVESTOR PRESENTATION

Nevada Joint Venture Processes For contributing excluded assets Four Mile (Barrick), Fiberline (Newmont) and Mike (Newmont): N TM ■ Party that owns asset has obligation to contribute upon completion of successful Feasibility Study, which requires a project IRR of at least 15% Feasibility Study must be completed by mutually agreed third-party engineering company Non-contributing party can pay cash for its share of asset or dilute its equity interest in the JV Value for the contributed asset is established as follows: ■ Assets contributed at "fair market value" - cash purchase price a knowledgeable buyer would pay in an arm's length transaction ■ "Fair market value" determined jointly by Newmont and Barrick ■ If parties cannot agree on value, independent experts appointed to set "fair market value" ■ Valuation methodology takes into account all factors the independent expert considers relevant, including, among others, benefits resulting from the JV infrastructure, taking into account the impact of the excluded asset on existing operations Cash available for distribution requirements: ■ Applies to cash and cash equivalents in all JV bank accounts, less current liabilities and budgeted operating expenses and capital expenditures, in each case payable or to be incurred over the following three weeks, plus reasonable and normal reserve accounts Must be disbursed monthly to the parties, in proportion to their respective JV ownership ■ Cash distribution policy can only be changed by unanimous decision of the JV Board DECEMBER 2021 INVESTOR PRESENTATION NEWMONT CORPORATION 39
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