DECEMBER 2021 INVESTOR PRESENTATION
All-in Sustaining Costs
Nine Months Ended
September 30, 2021
Gold
CC&V
Costs
Applicable to
Sales(1)(2)(3)
Reclamation
Costs(4)
Advanced Projects,
Research and
Development and
Exploration(5)
General and
Administrative
Care and
Maintenance
and Other
Expense,
Net(6)(7)(8)
Treatment
and
Refining
Costs
Sustaining
Capital and
Lease
All-In
Related
Costs (9)(10)
All-In
Sustaining
Costs
Ounces
(000)
Sustaining
Costs Per
Sold
OZ.(11)
N
TM
Excludes Depreciation and amortization and Reclamation and remediation.
Includes by-product credits of $159 and excludes co-product revenues of $1,204.
Includes stockpile and leach pad inventory adjustments of $9 at CC&V, $18 at Yanacocha
and $10 at NGM.
Reclamation costs include operating accretion and amortization of asset retirement costs
of $60 and $72, respectively, and exclude accretion and reclamation and remediation
adjustments at former operating properties that have entered the closure phase and have
no substantive future economic value of $39 and $121, respectively.
Advanced projects, research and development and exploration excludes development
expenditures of $6 at CC&V, $3 at Porcupine, $3 at Éléonore, $2 at Peñasquito, $3 at Other
North America, $8 at Yanacocha, $3 at Merian, $2 at Cerro Negro, $24 at Other South
America, $15 at Tanami, $10 at Other Australia, $10 at Ahafo, $4 at Akyem, $12 at NGM
and $7 at Corporate and Other, totaling $112 related to developing new operations or
major projects at existing operations where these projects will materially benefit the
operation.
Care and maintenance includes $8 at Tanami of cash care and maintenance costs
associated with the site temporarily being placed into care and maintenance or operating
at reduced levels in response to the COVID-19 pandemic, during the period ended
September 30, 2021 that we would have continued to incur if the site were not
temporarily placed into care and maintenance.
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
$19 for North America, $34 for South America, $6 for Australia and $4 for Africa, totaling
$63.
(8) Other expense, net is adjusted for impairment of long-lived and other assets of $18,
settlement costs of $11, restructuring and severance costs of $10 and distributions from
the Newmont Global Community Support Fund of $3.
Includes sustaining capital expenditures of $223 for North America, $82 for South
America, $188 for Australia, $87 for Africa, $128 for Nevada, and $16 for Corporate and
Other, totaling $724 and excludes development capital expenditures, capitalized interest
and the change in accrued capital totaling $488. The following are major development
projects: Pamour, Yanacocha Sulfides, Quecher Main, Cerro Negro expansion projects,
Tanami Expansion 2, Power Generation Civil Upgrade, Subika Mining Method Change,
Ahafo North, Goldrush Complex and Turquoise Ridge 3rd shaft.
(10) Includes finance lease payments for sustaining projects of $52.
(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
($2.75/lb.), Silver ($22.00/oz.), Lead ($0.90/lb.) and Zinc ($1.05/lb.) pricing for 2021.
(1)
$
167
$
5
$
7
$
Musselwhite
114
1
5
$
$
1
$
35
$
214
168
$
1,271
(2)
28
149
109
1,366
(3)
Porcupine
196
4
11
31
242
212
1,144
Éléonore
178
2
2
4
47
233
186
1,253
(4)
Peñasquito
278
5
1
5
24
46
359
541
663
Other North America
1
4
North America
933
17
26
11
24
187
1,201
1,216
988
(5)
Yanacocha
174
56
3
25
Merian
244
4
5
4
Cerro Negro
163
4
2
16
Other South America
7
2
South America
581
64
10
7
47
--
1
12
271
196
1,385
29
286
322
41
226
189
886
1,198
9
1
82
792
707
1,119
Boddington
444
8
5
10
93
560
502
1,115
(6)
Tanami
204
1
3
15
84
307
342
897
Other Australia
1
4
12
Australia
648
9
8
16
10
181
879
844
1,040
Ahafo
296
6
4
5
55
366
331
1,105
(7)
Akyem
199
21
2
34
257
286
902
Other Africa
Africa
Nevada Gold Mines.
1
6
7
495
27
7
6
6
89
630
617
1,023
674
7
10
7
3
128
831
893
931
Nevada
674
7
10
7
3
2
128
831
893
931
Corporate and Other
70
134
14
218
1999
Total Gold
$
3,331
$
124
$
131
$
164
$
83
$
37
$
681
$
4,551
4,277
$
1,064
Gold equivalent ounces -
other metals (12)
Peñasquito
$
462 $
Other North America
North America
Boddington
462
102
Other Australia
Australia
102
Corporate and Other
Total Gold Equivalent Ounces $
Consolidated
564 $
NIN-1-10
7
$
$
8
$
84
$
74
$
636
819
$
778
2
1
3
7
1
2
9
84
74
639
819
781
1
5
18
127
111
1,141
1
1
2
1
1
5
19
129
111
1,155
10
23
2
35
8
$
12
$
26
$
9
$
89
$
95 $
803
930
$
863
$
3,895
$
132
$
143
$
190
$
92
$
126
$
776
$
5,354
DECEMBER 2021 INVESTOR PRESENTATION
NEWMONT CORPORATION
48View entire presentation