Investor Presentaiton
Five Year Outlook: Copper, Silver, Lead & Zinc
GUIDANCE METRIC
2023E
Copper ($3.50/lb price assumption)
Copper Production (Mlbs)
2024E
2025E
N
TM
2026E
2027E
95-105
85-95
45-55
45-55
55-65
Copper CAS ($/lb)*
$1.85 - $2.15
Copper AISC ($/lb)*
$2.35 - $2.65
Silver ($20/oz price assumption)
Silver Production (Moz)
31-35
32-36
35-39
28-32
30-34
Silver CAS ($/oz)*
$11.10 $12.10
Silver AISC ($/oz)*
$15.50 $16.50
Lead ($0.90/lb price assumption)
Lead Production (Mlbs)
170-190
190 - 210
210 - 230
160-180
250-270
Lead CAS ($/lb)*
$0.55 - $0.65
Lead AISC ($/lb)*
$0.70 - $0.80
Zinc ($1.35/lb price assumption)
Zinc Production (Mlbs)
Zinc CAS ($/lb)*
Zinc AISC ($/lb)*
420-460
550 - 590
580 - 620
460 - 500
400 - 440
$0.65 - $0.75
$1.05 - $1.15
*Consolidated basis; see endnotes
FEBRUARY 2023 INVESTOR PRESENTATION
NEWMONT CORPORATION
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