Investor Presentaiton
Costs
December 31, 2022
Applicable to
Sales(1)(2)(3)
Reclamation
Costs(4)
All-in Sustaining Costs
Year Ended
Advanced
Projects,
Research and
Development and
Exploration (5)
General and
Administrative
Other Expense,
Net(6)(7)
Treatment
and Refining
Costs
Sustaining
Capital and
Lease
Related
Costs(8)(9)
All-In
Sustaining
Costs
All-In
Sustaining
Ounces
Costs Per
(000) Sold
OZ.(11)
Gold
CC&V
Musselwhite
Porcupine
(1)
$
241
$
16
$
10
$
195
5
8
$
3
$
1
$
45
$
315
185
$
1,697
(2)
53
262
172
1,531
281
6
11
52
350
280
1,248
(3)
Éléonore
266
9
5
3
63
346
217
1,599
Peñasquito (10)
442
10
4
3
23
72
555
573
968
(4)
Other North America
1
6
1
8
North America
1,425
46
39
7
11
23
285
1,836
1,427
1,287
Yanacocha.
313
19
2
11
Merian
369
6
11
2
Cerro Negro
283
5
1
2
10
9
Other South America
South America
965
30
14
12
23
Boddington
652
17
5
2
16
Tanami
328
2
7
6
Other Australia
2
Australia
980
19
14
8
8
16
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|| | ||
23
369
250
1,477
57
445
403
1,105
(5)
54
355
281
1,262
9
134
1,178
934
1,262
56
748
813
124
467
486
921
960
9
19
(6)
189
1,234
1,299
950
Ahafo
Akyem
Other Africa
Africa
566
11
5
334
35
2
3
900
46
10
Nevada Gold Mines
Nevada
Corporate and Other
1,153
9
15
1,153
9
15
। ।༠ e
2
1
9
1
9
4
10
90
674
572
1,178
32
404
415
972
(7)
3
16
125
1,094
987
1,108
(8)
230
1,421
1,165
1,220
230
1,421
1,165
1,220
Total Gold
70
192
12
275
$
5,423
$
150
$
162
$
238
$
47
$
43
$
975
$
7,038
5,812
$
1,211
Gold equivalent ounces -
other metals(12)
Peñasquito (10)
Other North America
North America
Boddington
Other Australia
Australia
864
$
19
$
10
$
$
5
$
130
$
132
$
1,161
1,044
$
2
2
864
19
10
3
5
130
132
1,163
1,044
181
2
2
2
181
2
2
2
N
TM
(9)
Excludes Depreciation and amortization and Reclamation and remediation.
Includes by-product credits of $117 and excludes co-product revenues of
$1,499.
Includes stockpile and leach pad inventory adjustments of $37 at CC&V, $37 at
Yanacocha, $3 at Merian, $9 at Ahafo, $19 at Akyem, and $51 at NGM.
Reclamation costs include operating accretion and amortization of asset
retirement costs of $65 and $106, respectively, and exclude accretion and
reclamation and remediation adjustments at former operating properties and
historic mining operations that have entered the closure phase and have no
substantive future economic value of $114 and $742, respectively.
Advanced projects, research and development and Exploration excludes
development expenditures of $1 at CC&V, $3 at Porcupine, $5 at Peñasquito,
$3 at Other North America, $20 at Yanacocha, $10 at Merian, $24 at Cerro
Negro, $40 at Other South America, $21 at Tanami, $16 at Other Australia, $21
at Ahafo, $12 at Akyem, $17 at NGM and $82 at Corporate and Other, totaling
$275 related to developing new operations or major projects at existing
operations where these projects will materially benefit the operation.
Other expense, net includes incremental COVID-19 costs incurred as a result of
actions taken to protect against the impacts of the COVID-19 pandemic at our
operational sites of $11 for North America, $16 for South America and $8 for
Australia, totaling $35.
Other expense, net is adjusted for settlement costs of $22, restructuring and
severance costs of $4 and distributions from the Newmont Global Community
Support Fund of $3.
Includes sustaining capital expenditures of $369 for North America, $133 for
South America, $189 for Australia, $121 for Africa, $230 for Nevada, and $17
for Corporate and Other, totaling $1,059 and excludes development capital
expenditures, capitalized interest and the change in accrued capital totaling
$1,072. Refer to Liquidity and Capital Resources within Part II, Item 7,
Management's Discussion and Analysis for discussion of major development
projects.
Includes finance lease payments for sustaining projects of $64 and excludes
finance lease payments for development projects of $36.
1,112 (10) Costs applicable to sales includes $70 related to the Peñasquito Profit-Sharing
Agreement associated with 2021 site performance. For further information,
refer to Note 3 of the Consolidated Financial Statements.
1,115
(11) Per ounce measures may not recalculate due to rounding.
(12) Gold equivalent ounces is calculated as pounds or ounces produced multiplied
by the ratio of the other metals price to the gold price, using Gold ($1,200/oz.),
Copper ($3.25/lb.), Silver ($23.00/oz.), Lead ($0.95/lb.) and Zinc ($1.15/lb.)
pricing for 2022.
10
12
207
231
894
1
3
10
13
210
231
909
Corporate and Other
11
33
3
48
Total Gold Equivalent Ounces
$
1,045
$
21
$
23
$
38
$
6
$
140
$
148
$
1,421
1,275
$
1,114
Consolidated
$
6,468
$
171
$
185
$
276
$
53
$
183
$
1,123
$
8,459
FEBRUARY 2023 INVESTOR PRESENTATION
NEWMONT CORPORATION
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