Investor Presentaiton
2023 Outlooka as of February 23, 2023
2023 Outlook
Consolidated
Production (Koz)
Attributable Production
Consolidated All-In
(Koz)
Consolidated CAS ($/oz) Sustaining Costs ($/oz)
CC&V
Éléonore
Peñasquito
Porcupine
160-180
160-180
1,150 - 1,250
1,580 - 1,680
265-295
265-295
960 - 1,060
1,300 - 1,400
Attributable Sustaining
Capital Expenditures ($M)
25-35
55-65
N
Attributable Development
Capital Expenditures ($M)
TM
330-370
330 370
840 - 940
1,110 - 1,210
135-145
285-315
285-315
Musselwhite
Cerro Negro
Yanacocha
200-220
200-220
315-345
315-345
950-1,050
860-960
850-950
1,250 - 1,350
45-55
100-120
1,290 - 1,390
65-75
1,060 - 1,160
45-55
110-130
255-285
255-285
1,370 - 1,470
1,620 - 1,720
25-35
320-360
Merianc
Boddington
Tanami
Ahafo
315-345
235-265
980 - 1,080
1,230 1,330
35-45
740 - 820
740-820
800-900
420-460
420-460
770-870
960-1,060
1,130 -1,230
95-105
115-125
Akyem
675-745
315-345
675-745
850-950
1,010-1,110
75-85
340-380
5-15
315-345
850-950
1,110 - 1,210
25-35
245-275
Ahafo North
Nevada Gold Minesd
Pueblo Viejoe
Peñasquito - Silver (Moz)
Peñasquito Lead (Mlbs)
-
Peñasquito - Zinc (Mlbs)
Boddington - Copper (Mlbs)
1,190 - 1,310
31-35
170-190
420-460
95-105
-
1,190 1,310
850 - 950
1,150 -1,250
250-350
50-150
315-345
31-35
170-190
11.10 12.10
420-460
95-105
15.50-16.50
0.70 -0.80
1.05 - 1.15
2.35 2.65
0.55 -0.65
0.65 - 0.75
1.85-2.15
a 2023 outlook projections are considered forward-looking statements and represent management's good faith estimates or expectations of future production results as of February 23, 2023. Outlook is based upon certain assumptions,
including, but not limited to, metal prices, oil prices, certain exchange rates and other assumptions. For example, 2023 Outlook assumes $1,700/oz Au, $3.50/lb Cu, $20.00/oz Ag, $1.35/lb Zn, $0.90/lb Pb, $0.70 USD/AUD exchange rate,
$0.77 USD/CAD exchange rate and $90/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 at the end of this release.
b 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 2023 CAS outlook.
© Consolidated production for Merian is presented on a total production basis for the mine site; attributable production represents a 75% interest for Merian.
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.
e Attributable production includes Newmont's 40% interest in Pueblo Viejo, which is accounted for as an equity method investment.
FEBRUARY 2023 INVESTOR PRESENTATION
NEWMONT CORPORATION
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