DECEMBER 2021 INVESTOR PRESENTATION
Yanacocha Sulfides Advances Towards 2022 Approval
NEXT CHAPTER IN YANACOCHA'S LONG HISTORY
First phase includes Yanacocha Verde and Chaquicocha deposits
to profitably extend Yanacocha operations beyond 2040
Investing at least $500M through 2022 with a full funds decision
expected in H2 2022
$2.5B total investment for incremental average production of
-525KGEO's per year for the first five full years (2027-2031)
N
PROFITABLE PRODUCTION WITH FURTHER UPSIDE
ā First five-year average CAS of $500- $600/GEO and AISC of
$700 $800/GEO (2027-2031)***
ā Includes the construction of an autoclave to produce ~45%
gold, ~45% copper, and -10% silver
Second and third phases planned to further extend mine
life, adding profitable production for multiple decades
INDICATIVE YANACOCHA PRODUCTION PROFILE* (GEO** KOZS, 100%)
800
600
TM
Gold Production (Base)
Gold Production (Sulfides*)
Copper Co-Product GEOS** (Sulfides*)
Silver By-Product GEOs** (Sulfides*)
400
200
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
*Not yet approved but included in outlook. See endnote re Outlook.
**Copper represented as a co-product (included in production) and silver represented as a by-product (offset to CAS). See endnote re calculation of GEOS.
***Costs presented using a $1,200/oz gold price assumption.
DECEMBER 2021 INVESTOR PRESENTATION
NEWMONT CORPORATION
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