Investor Presentaiton
2023 DIVIDEND PAYOUT RANGE SET WITHIN ESTABLISHED FRAMEWORK
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INDUSTRY-LEADING DIVIDEND FRAMEWORK
■ Base dividend of $1.00/share at a $1,400 gold reserve price
■ Variable component based on incremental Free Cash Flow
■ Calibrated on gold price, evaluated in increments of $300/oz
Assessed annually in alignment with the business planning cycle and
macroeconomic inputs and approved quarterly by Board
Supported by strong and flexible balance sheet
2023 DIVIDEND PAYOUT RANGE
Calibrating 2023 dividend at $1,700/oz, remaining conservative in a
volatile macroeconomic environment
Incorporating free cash flow impacts to 2023 during a period of
meaningful reinvestment.
■ Annualized dividend payout range for 2023 of $1.40 to 1.80 per share
2023 DIVIDEND PAYOUT RANGE*
$2.00-3.00
$1.40 -1.80
Q4 2022
Dividend
$1.00
$1.00
$1.00
$1,400/oz
$1,700/oz
$2,000/oz
*Investors are reminded that Newmont's dividend framework is non-binding and an annualized dividend has not been declared
by the Board. Dividends beyond the current quarter dividend remain subject to future consideration and declaration is the
discretion of the Board. See endnote re dividends and returns to shareholders.
Declared a Q4 Dividend of $0.40/share, Resulting in a Dividend Yield of ~3%
FEBRUARY 2023 INVESTOR PRESENTATION
NEWMONT CORPORATION
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