Investor Presentaiton
BASIS FOR DISCIPLINED 2023 OUTLOOK
PRICING ASSUMPTIONS AND SENSITIVITIES (as of February 23, 2023)
W
PRICE
CHANGE (-/+)
FCF in $M (+/-)
AISC in $/oz (-/+)
Gold ($/oz)
Australian Dollar
Canadian Dollar
$1,700
$100
$400
$5
$0.70
$0.05
$60
$15
$0.77
$0.05
$35
$10
Oil ($/bbl)
Copper ($/lb)
$90
$10
$20
$5
$3.50
$0.25
$15
Zinc ($/lb)
$1.35
$0.10
$30
Silver ($/oz)
$20.00
$1.00
$15
$2
Lead ($/lb)
$0.90
$0.10
$10
2023 OPERATING COSTS BY CATEGORY*
PERCENT OF TOTAL CHANGE IN COST (-/+)
FCF in $M (+/-)
AISC in $/oz (-/+)
Labor Costs
50%
5%
$90
$25
Materials & Consumables
30%
5%
$50
$15
Fuel & Energy
15%
5%
$30
$10
*"Other" category of 5% primarily includes freight, technology-related costs, employee administrative costs, rents and operating leases.
Incorporating ~3% YoY Cost Escalation at $1,700/oz Gold Price Assumption
FEBRUARY 2023 INVESTOR PRESENTATION
NEWMONT CORPORATION
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