DECEMBER 2021 INVESTOR PRESENTATION
Five Year Outlook: $1,200/oz Gold Price Assumption N
TM
GUIDANCE METRIC (+/- 5%)
2022E
2023E
2024E
2025E
2026E
*
Gold production (Mozs)
6.2
6.0-6.6
6.2-6.8
6.2-6.8
**
Other metal production** (Mozs)
1.3
1.4-1.6
1.4-1.6
1.4-1.6
6.2-6.8
1.4 - 1.6
*
Total GEO production (Mozs)
7.5
7.5-8.1
7.7 -8.3
7.7 -8.3
7.7 -8.3
Gold CAS ($/oz)
$760
$700 - $800
$670 - $770
$670 - $770
$670 - $770
Co-product GEO CAS ($/oz)
$650
$575 - $675
$475 - $575
$475 - $575
$475 - $575
Total GEO CAS ($/oz)
$740
$660 - $760
$600 - $700
$600 - $700
$600 - $700
Gold AISC ($/oz)**
$990
$940 $1,040
$880 - $980
$880 - $980
$880 - $980
Co-Product GEO AISC ($/oz)*
Total GEO AISC ($/oz)**
*
Sustaining capital* ($M)
***
$950
$875 - $975
$775 - $875
$775 - $875
$775 - $875
***
$970
$910-$1,010
$840 - $940
$840 - $940
$840 - $940
$925
$825 $1,025
$825 $1,025
$825 $1,025
$825 $1,025
Development capital* ($M)
Total capital ($M)
$1,200
$1,100 $1,300
$800 $1,000
$200 - $400
$100 - $300
$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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