DECEMBER 2021 INVESTOR PRESENTATION
2022 Consolidated Expense and Capital Outlook
GUIDANCE METRIC ($M) (+/- 5%)
2022
2023
Consolidated Sustaining Capital
$1,000
$900 $1,100
Consolidated Development Capital
$1,400
$1,300 – $1,500
Total Consolidated Capital
$2,400
$2,300 $2,500
Attributable Sustaining Capital
$925
$825 $1,025
2024
$900 - $1,100
$1,100 $1,300
$2,100 $2,300
$825 - $1,025
Attributable Development Capital
$1,200
$1,100 $1,300
Total Attributable Capital
$2,125
$2,025 - $2,225
$800 - $1,000
$1,725 - $1,925
2025
$900 - $1,100
$400 - $600
$1,400 - $1,600
$825 - $1,025
$200 - $400
$1,125 - $1,325
GUIDANCE METRIC ($M) (+/- 5%)
2022
(1)
(2)
General & Administrative
260
Interest Expense
225
Depreciation and Amortization
2,300
Exploration & Advanced Projects
Adjusted Tax Rate 1,2
450
30%-34%
DECEMBER 2021 INVESTOR PRESENTATION
N
2026
$900 - $1,100
$100 - $300
$1,100 $1,300
$825 $1,025
$100 - $300
$1,025 - $1,225
TM
The adjusted tax rate excludes certain items such as tax valuation allowance adjustments.
Assuming average prices of $1,800 per ounce for gold, $3.25 per pound for copper, $23 per ounce for silver, $0.95 per pound for lead, and
$1.15 per pound for zinc and achievement of current production and sales volumes and cost estimates, we estimate our consolidated adjusted
effective tax rate related to continuing operations for 2022 will be between 30%-34%.
NEWMONT CORPORATION
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