Newmont Reports Third Quarter 2025 Results and Improves 2025 Cost & Capital Guidance

Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) (Newmont or the Company) today announced third quarter 2025 results and declared a dividend of $0.25 ¹ per share.

"Newmont delivered a robust third quarter performance, producing approximately 1.4 million attributable gold ounces and generating a third-quarter record of $1.6 billion in free cash flow, marking the fourth consecutive quarter with over $1 billion in free cash flow," said Tom Palmer, Newmont's Chief Executive Officer. "We are making significant progress on the cost savings initiatives announced at the beginning of the year, enabling us to meaningfully improve our 2025 guidance for several cost metrics, while maintaining our outlook for production and unit costs in a rising gold price environment. As I prepare to retire at year-end, I am confident that Newmont is well positioned to continue delivering strong performance under Natascha Viljoen's leadership, as she assumes the role of Chief Executive Officer at the beginning of 2026."

Q3 2025 Results

• Reported Net Income of $1.8 billion, Adjusted Net Income (ANI) ² of $1.9 billion or $1.71 per diluted share, and Adjusted EBITDA ² of $3.3 billion
• Produced 1.4 million gold ounces, as well as 35 thousand tonnes of copper, primarily from Newmont's core managed operations
• Improved Newmont's 2025 cost and capital guidance through continued progress on cost savings initiatives and a shift in the timing of capital spend; remain on track to meet Newmont's 2025 production and unit cost guidance ³
• Received net cash proceeds of nearly $640 million from asset and equity sales, including the sale of shares in Orla Mining and Discovery Silver, the receipt of the Akyem contingent payment, and the sale of the Coffee project ⁴
• In 2025, received more than $3.5 billion in net cash proceeds from announced transactions, including approximately $2.6 billion from divested assets and nearly $900 million from the sale of equity shares ⁵
• Generated $2.3 billion of cash from operating activities, net of unfavorable working capital impacts of $286 million, primarily driven by the timing of cash collections; reported third-quarter record Free Cash Flow ² of $1.6 billion
• Returned $823 million of capital to shareholders through share repurchases and dividend payments since the last earnings call ⁶ ; declared a dividend of $0.25 per share of common stock for the third quarter of 2025
• Through the date of filing, Newmont has executed and settled total trades of common stock repurchases of $3.3 billion; $2.7 billion remains under the previously authorized programs of $6.0 billion ⁷
• Reduced debt by $2 billion through the completion of a successful debt tender offer, ending the quarter in a near-zero net debt position with $5.6 billion of cash and $9.6 billion in total liquidity ⁸
• Received credit rating upgrade by Moody's to A3 with a stable outlook, supported by Newmont's improved credit profile, strengthened balance sheet, excellent liquidity position, and prudent financial management
• Expect to declare commercial production at the Ahafo North project in Ghana by end of day on October 23, 2025, adding profitable gold production over an initial 13-year mine life

Summary of Third Quarter Results

Third Quarter 2025 Production and Financial Summary

Attributable gold production ¹ decreased 4 percent to 1,421 thousand ounces from the prior quarter, driven by lower gold grades and planned shutdowns at Peñasquito and Lihir, as well as the end of mining operations at the Subika open pit at Ahafo South in July. These decreases were partially offset by increased production at Brucejack, Cerro Negro, and Yanacocha.

Average realized gold price was $3,539 per ounce, an increase of $219 per ounce over the prior quarter. Average realized gold price includes $3,484 per ounce of gross price received, a favorable impact of $62 per ounce mark-to-market on provisionally-priced sales and reductions of $7 per ounce for treatment and refining charges.

Gold Costs Applicable to Sales (CAS) ² totaled $1.6 billion for the quarter. Gold Co-Product CAS per ounce ³ of $1,185 was slightly lower than the prior quarter as Newmont's continued focus on cost discipline and productivity offset lower sales volumes and higher royalties, production taxes and costs from profit-sharing agreements associated with a stronger gold price environment. Gold By-Product CAS per ounce ³ was $831 for the quarter.

Gold Co-Product All-In Sustaining Costs (AISC) per ounce ³ of $1,566 was slightly lower than the prior quarter. Building from CAS per ounce, the decrease was primarily due to lower G&A and other expenses, partially offset by higher sustaining capital spend. Gold By-Product AISC per ounce ³ was $1,303 for the quarter.

Net income attributable to Newmont stockholders was $1.8 billion or $1.67 per diluted share, a decrease of $229 million from the prior quarter. This decrease was primarily driven by a gain on the sale of assets held for sale of $99 million compared to a gain of $699 million in the prior quarter; partially offset by higher revenues due to a higher realized gold price, slightly lower CAS, a smaller net gain on the fair value of investments and options of $38 million compared to a net gain of $151 million in the prior quarter, and a decrease of $305 million in lower income and mining taxes.

Adjusted net income ⁴ for the quarter was $1.9 billion or $1.71 per diluted share, compared to $1.6 billion or $1.43 per diluted share in the prior quarter. Primary adjustments to third quarter net income include a net gain on the sale of assets held for sale of $99 million primarily related to a partial reversal of the prior period write-down on the Coffee development project, restructuring and severance costs of $85 million, a loss on debt extinguishment of $72 million, reclamation and remediation charges of $41 million primarily related to legacy non-operating mines, impairment charges of $39 million primarily related to assets no longer in use, and a net gain on the fair value of investments and options of $38 million.

Adjusted EBITDA ⁴ increased 10 percent to $3.3 billion, while EBITDA decreased 16 percent to $3.2 billion compared to the prior quarter. The decrease in EBITDA was primarily driven by lower net income. Adjusted EBITDA excludes net adjustments totaling $107 million, primarily consisting of a partial reversal of the prior period write-down on assets held of sale, restructuring and severance costs, a loss on debt extinguishment, reclamation and remediation charges, impairment charges, and a net gain in the value of investments and options.

Consolidated cash from operations before working capital ⁵ increased 16 percent from the prior quarter to $2.6 billion primarily due to higher revenue from a higher realized gold price and slightly lower CAS.

Consolidated net cash from operating activities decreased 4 percent from the prior quarter to $2.3 billion primarily due to a net unfavorable working capital movement of $286 million. This working capital movement was primarily driven by an increase in accounts receivable of $369 million from the timing of cash collections, the continued cash spend for previously accrued reclamation activities of $247 million, primarily related to the ongoing construction of the Yanacocha water treatment plants, and a build in inventory and stockpiles of $106 million. These unfavorable working capital adjustments were partially offset by an accrual of other liabilities of $217 million, primarily related to severance and employee-related liabilities, and an accrual for future tax payments of $173 million.

Income and mining cash tax paid decreased 9 percent from the prior quarter to $588 million due to lower net income attributable to Newmont shareholders, as well as higher cash tax paid in the prior quarter from the closing of non-core asset divestments, primarily related to Akyem.

Free Cash Flow ⁷ decreased 8 percent from the prior quarter to $1.6 billion primarily due to a decrease in net cash provided by operating activities as a result of an unfavorable working capital impact in the current quarter compared to a favorable working capital benefit in the prior quarter, as well as higher capital investment.

Balance sheet and liquidity remained strong in the third quarter, ending with $5.6 billion of cash and cash equivalents, after the reduction of debt by $2.0 billion, with $9.6 billion of total liquidity; ended the quarter in a near-zero net debt position of $12 million. ⁸

Non-Managed Joint Venture and Equity Method Investments ⁹

Nevada Gold Mines (NGM) attributable gold production increased 5 percent to 251 thousand ounces, with a 14 percent decrease in CAS per ounce to $1,241 per ounce ³ . AISC per ounce decreased 15 percent from the prior quarter to $1,502 per ounce ³ .

Pueblo Viejo (PV) attributable gold production increased 14 percent to 72 thousand ounces compared to the prior quarter. Cash distributions received for the Company's equity method investment in Pueblo Viejo totaled $26 million in the third quarter. No capital contributions were made during the quarter related to the expansion project at Pueblo Viejo.

Fruta del Norte attributable gold production is reported on a quarter lag. Production reported in the third quarter of 2025 increased 16 percent to 44 thousand ounces compared to the prior quarter. Cash distributions received from the Company's equity method investment in Fruta del Norte were $61 million for the third quarter.

Newmont's Fourth Quarter and 2025 Guidance

Newmont has made significant progress on the cost savings initiatives announced in February 2025, enabling the Company to improve its 2025 guidance for several cost metrics, while maintaining its outlook for production and unit costs in a rising gold price environment. In addition, the Company has improved its capital guidance, reflecting a shift in the timing of spend to next year. Newmont's fourth quarter and full year 2025 guidance, presented on a full portfolio basis, is provided below. Please see the cautionary statement and footnotes for additional information.

2025 GUIDANCE COMMENTARY

Strong execution across Newmont's managed operations has positioned the Company to achieve its full-year attributable production guidance from the Core Portfolio. Fourth quarter attributable production is expected to be relatively in line with the third quarter, primarily driven by new ounces from Ahafo North and production growth from the non-operated Nevada Gold Mines joint venture. These increases are expected to be offset by lower leach production at Yanacocha as mining concludes in the fourth quarter and lower grades at Ahafo South as mining in the Subika open pit has concluded as planned.

Newmont is beginning to capture the benefits from its cost savings initiatives, leading to an improvement of its 2025 guidance for General & Administrative spend by $85 million and Exploration & Advanced Projects spend by $75 million, driven by lower labor and contractor costs across the organization. In addition, 2025 guidance for Reclamation and Remediation Accretion has improved by $125 million and Interest Expense has improved by $45 million following the reduction of nearly $3.4 billion of debt during the year.

Newmont's 2025 CAS per ounce and AISC per ounce guidance remains unchanged, as improvements from favorable macroeconomic conditions and the Company's cost savings initiatives are largely offset by higher royalties, production taxes, and costs from profit-sharing agreements associated with a stronger gold price environment.

Newmont has improved its 2025 capital guidance, reflecting lower sustaining and development capital spend. Sustaining capital has improved by $150 million primarily due to the timing of spend related to the investment in tailings work at Cadia and ensuring capital is deployed in the most efficient manner. Similarly, development capital has improved by $50 million primarily due to the timing of study and underground development activities supporting the potential expansion project at Red Chris. As a result, 2025 full-year capital guidance has improved by $200 million in total.

Compared to the previous quarter, fourth quarter free cash flow is expected to be adversely impacted by the continued increase in spending on construction of the Yanacocha water treatment facilities as well as planned severance payments that were accrued for in the third quarter.

2026 INDICATIONS

Newmont's attributable gold production for 2026 is expected to be within the same guidance range provided for 2025, due to the planned mine sequence at its managed operations. As previously indicated, lower ounces from Ahafo South next year are expected to be largely replaced by new, low cost ounces from the Ahafo North mine. In addition, a lower proportion of gold production is expected at Peñasquito as the site transitions into the next scheduled phase of mining at the Peñasco pit, while slightly increasing the output of silver, lead, and zinc. Newmont also expects lower leach production from Yanacocha as mining activities are concluded at the Quecher Main pit, and lower gold and copper production from Cadia during the transition to the next panel cave.

Building on the cost and productivity improvements achieved in 2025, the Company expects to realize the full benefits of its cost savings initiatives, which will be reflected in the 2026 guidance to be provided next year. However, these benefits could be offset by increased profit-sharing, royalties, and production taxes if gold prices remain elevated into 2026.

Following the improvements to 2025 capital guidance, capital spending in 2026 is anticipated to increase as key projects advance, including the tailings work at Cadia and the potential expansion project at Red Chris, keeping the two-year average largely in line with expectations.

Divestiture Program Update

In February 2024, Newmont announced the intention to divest its non-core assets, including six operations and two projects from its Australian, Ghanaian and North American business units. As of April 15, 2025, Newmont completed the sales for all non-core operations and its 70 percent interest in the Havieron project.

On September 15, 2025, Newmont announced the agreement to sell the remaining Coffee project in Yukon, Canada to Fuerte Metals Corporation ("Fuerte"). The transaction closed on October 17. Under the terms of the agreement, Newmont expects to receive gross proceeds of up to $150 million, which includes:

• Cash consideration of $10 million, received upon closing
• Equity consideration of $40 million in the form of Fuerte shares, as valued in the transaction agreement
• A 3.0% Net Smelter Return royalty on the Coffee Project, which Fuerte retains the option to repurchase for up to $100 million upon commercial production

With the closure of the Coffee project sale, Newmont has completed the divestment of all assets previously classified as held-for-sale in its financial statements.

Additionally, since the last earnings call Newmont sold its entire equity stake in Orla Mining (received as part of the Goldcorp acquisition in 2019). Net cash proceeds after taxes and commissions of nearly $640 million were received since June, detailed as follows:

• Orla Mining - $428 million
• Discovery Silver (previously announced transaction; portion closed in July 2025) - $140 million
• Akyem Mining Lease Ratification Contingent Payment - $56 million ($100 million payment net of $44 million taxes)
• Coffee Project (cash payment received in October) - $10 million

Total proceeds from announced transactions are expected to be up to $4.9 billion including contingent payments and closing adjustments. Of the total proceeds, $2.6 billion of net cash proceeds from divested assets and projects have been received year-to-date in 2025, as well as nearly $900 million from equity shares.

Projects Update

For details on Newmont's key projects currently in execution, refer to the Company's Fourth Quarter 2024 Earnings and 2025 Guidance press release, issued on February 20, 2025, and available on Newmont.com. Additional project updates will be provided as they become available. Please refer to the cautionary statement and footnotes for further information.

Committed to Concurrent Reclamation

Since mines operate for a finite period, careful closure planning is crucial to address the diverse social, economic, environmental, and regulatory impacts associated with the end of mining operations. Newmont's global Closure Strategy integrates closure planning throughout each operation's lifespan, aiming to create enduring positive and sustainable legacies that last long after mining ceases. Newmont continues to recognize reclamation and remediation expense throughout the year. In the nine months ended September 30, 2025, Newmont spent $527 million on reclamation activities, including $336 million on the construction of water treatment plants at Yanacocha, with the fourth quarter planned to be the highest of the year. The Company remains on track to spend $800 million on reclamation for the full year, inclusive of up to $600 million allocated to the Yanacocha water treatment plants. Newmont anticipates spend on the Yanacocha water treatment plants to be similar in 2026 before beginning to decline in 2027 when the project is expected to be completed. Additional updates on reclamation spend will be provided as available.

Non-GAAP Financial Measures (dollars in millions, except per share, per ounce and per pound amounts, unless otherwise noted)

Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by GAAP. These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Refer to Non-GAAP Financial Measures within Part II, Item 7 within our Form 10-K for the year ended December 31, 2024, filed with the SEC on February 21, 2025 for further information on the non-GAAP financial measures presented below, including why management believes that its presentation of non-GAAP financial measures provides useful information to investors.

Adjusted Net Income (Loss)

Net income (loss) attributable to Newmont stockholders is reconciled to Adjusted net income (loss) as follows:

Earnings Before Interest, Taxes, Depreciation and Amortization and Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization

Net income (loss) attributable to Newmont stockholders is reconciled to EBITDA and Adjusted EBITDA as follows:

Free Cash Flow

The following table sets forth a reconciliation of Free cash flow, a non-GAAP financial measure, to Net cash provided by (used in) operating activities , which the Company believes to be the GAAP financial measure most directly comparable to Free cash flow, as well as information regarding Net cash provided by (used in) investing activities and Net cash provided by (used in) financing activities.

Net Debt

Net debt is calculated as Debt and Lease and other financing obligations less Cash and cash equivalents , as presented on the Condensed Consolidated Balance Sheets. Cash and cash equivalents are subtracted from Debt and Lease and other financing obligations as these could be used to reduce the Company's debt obligations.

The following table sets forth a reconciliation of Net debt, a non-GAAP financial measure, to Debt and Lease and other financing obligations , which the Company believes to be the GAAP financial measures most directly comparable to Net debt. The Company has also presented Net debt excluding Lease and other financing obligations to provide a supplemental view of evaluating the financial flexibility and strength of the Company's balance sheet.

Costs Applicable to Sales per Ounce/Gold Equivalent Ounce

Costs applicable to sales per ounce/gold equivalent ounce are calculated by dividing the costs applicable to sales of gold and other metals by gold ounces or gold equivalent ounces sold, respectively. These measures are calculated for the periods presented on a consolidated basis.

The following tables reconcile these non-GAAP measures to the most directly comparable GAAP measures.

Costs applicable to sales per gold ounce

All-In Sustaining Costs

All-in sustaining costs represent the sum of certain costs, recognized as GAAP financial measures, that management considers to be associated with production. All-in sustaining costs per ounce amounts are calculated by dividing all-in sustaining costs by gold ounces or gold equivalent ounces sold.

A reconciliation of the 2025 Gold AISC outlook to the 2025 Gold CAS outlook is provided below. The estimates in the table below are considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws.

Net debt to Adjusted EBITDA ratio

Management uses net debt to Adjusted EBITDA as non-GAAP measures to evaluate the Company's operating performance, including our ability to generate earnings sufficient to service our debt. Net debt to Adjusted EBITDA represents the ratio of the Company's debt, net of cash and cash equivalents, to Adjusted EBITDA. Net debt to Adjusted EBITDA does not represent, and should not be considered an alternative to, net income (loss), operating income (loss), or cash flow from operations as those terms are defined by GAAP, and does not necessarily indicate whether cash flows will be sufficient to fund cash needs. Although Net debt to Adjusted EBITDA and similar measures are frequently used as measures of operations and the ability to meet debt service requirements by other companies, our calculation of net debt to Adjusted EBITDA measure is not necessarily comparable to such other similarly titled captions of other companies. The Company believes that net debt to Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and Board of Directors. Management's determination of the components of net debt to Adjusted EBITDA is evaluated periodically and based, in part, on a review of non-GAAP financial measures used by mining industry analysts. Net income (loss) attributable to Newmont stockholders is reconciled to Adjusted EBITDA as follows:

Net average realized price per ounce/ pound

Average realized price per ounce/ pound are non-GAAP financial measures. The measures are calculated by dividing the net consolidated gold, copper, silver, lead, and zinc sales by the consolidated gold ounces, copper pounds, silver ounces, lead pounds and zinc pounds sold, respectively. These measures are calculated on a consistent basis for the periods presented on a consolidated basis. Average realized price per ounce/ pound statistics are intended to provide additional information only, do not have any standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The measures are not necessarily indicative of operating profit or cash flow from operations as determined under GAAP. Other companies may calculate these measures differently.

The following tables reconcile these non-GAAP measures to the most directly comparable GAAP measure:

Gold by-product metrics

Copper, silver, lead, zinc, and molybdenum are by-products often obtained during the process of extracting and processing the primary ore-body. In our GAAP Consolidated Financial Statements, the value of these by-products is recorded as a credit to our CAS and the value of the primary ore is recorded as Sales . In certain instances, copper, silver, lead, and zinc are co-products, or a significant resource in the primary ore-body, and the revenue is recorded as Sales in our GAAP Consolidated Financial Statements.

Gold by-product metrics are non-GAAP financial measures that serve as a basis for comparing the Company's performance with certain competitors. As Newmont's operations are primarily focused on gold production, "Gold by-product metrics" were developed to allow investors to view Sales , CAS per ounce and AISC per ounce calculations that classify all copper, silver, lead, zinc, and molybdenum production as a by-product, even when copper, silver, lead or zinc is a significant resource in the primary ore-body. These metrics are calculated by subtracting copper, silver, lead, and zinc sales recognized from Sales and including these amounts as offsets to CAS.

Gold by-product metrics are calculated on a consistent basis for the periods presented on a consolidated basis. These metrics are intended to provide supplemental information only, do not have any standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Other companies may calculate these measures differently as a result of differences in the underlying accounting principles, policies applied and in accounting frameworks.

The following reconciles these non-GAAP measures to the most directly comparable GAAP measures:

Conference Call Information

A conference call will be held on October 23, 2025 at 5:30 p.m. Eastern Daylight Time (3:30 p.m. Mountain Daylight Time), which is 8:30 a.m. Australian Eastern Daylight Time on Friday, October 24, 2025; it will also be available on the Company's website.

Conference Call Details

Webcast Details

Title: Newmont Third Quarter 2025 Earnings Conference Call
URL: https://events.q4inc.com/attendee/699386133

The webcast materials will be available October 23, 2025, after North American markets close, under the "Investor Relations" section of the Company's website. Additionally, the conference call will be archived for a limited time on the Company's website.

About Newmont

Newmont is the world's leading gold Company and producer of copper, zinc, lead, and silver. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, the Company has been publicly traded since 1925.

At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, go to www.newmont.com .

Cautionary Statement Regarding Forward Looking Statements, Including Outlook Assumptions, and Notes:

This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address our expected future business and financial performance and financial condition; and often contain words such as "anticipate," "intend," "plan," "will," "would," "estimate," "expect," "believe," "pending" or "potential." Forward-looking statements in this news release may include, without limitation, (i) estimates of future production and sales, including production outlook and average future production; (ii) estimates of future costs applicable to sales and all-in sustaining costs; (iii) estimates of future capital expenditures, including development and sustaining capital; (iv) expectations regarding the development of key projects, including with respect to production and capital cost estimates; (v) expectations regarding share and debt repurchases; (vi) estimates of future cost reductions, including pre-tax synergies, savings and efficiencies, productivity improvements, and future cash flow enhancements through portfolio optimization, (vii) expectations regarding Newmont's Core Portfolio; (viii) expectations regarding future investments or divestitures; (ix) expectations regarding free cash flow and returns to stockholders, including with respect to future dividends and future share repurchases; (x) estimates of expected reclamation and remediation costs, water treatment costs and other expenses, and (xi) other outlook, including, without limitation, Q4 2025, 2025 Guidance and other future operating, remediation, and financial metrics. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of operations and projects being consistent with current expectations and mine plans, including, without limitation, receipt of export approvals; (iii) political developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar to U.S. dollar and Canadian dollar to U.S. dollar, as well as other exchange rates being approximately consistent with current levels; (v) certain price assumptions for gold, copper, silver, zinc, lead and oil; (vi) prices for key supplies; (vii) the accuracy of current mineral reserve, mineral resource and mineralized material estimates; and (viii) other planning assumptions. Uncertainties include those relating to general macroeconomic uncertainty and changing market conditions, changing restrictions on the mining industry in the jurisdictions in which we operate, impacts to supply chain, including price, availability of goods, ability to receive supplies and fuel, and impacts of changes in interest rates. Such uncertainties could result in operating sites being placed into care and maintenance and impact estimates, costs and timing of projects. Uncertainties in geopolitical conditions could impact certain planning assumptions, including, but not limited to commodity and currency prices, costs and supply chain availabilities.

Investors are reminded that future dividends beyond the dividend payable on December 22, 2025 to holders of record at the close of business on November 26, 2025 have not yet been approved or declared by the Board of Directors, and an annualized dividend payout or dividend yield has not been declared by the Board. The declaration and payment of future dividends remain at the discretion of the Board of Directors and will be determined based on Newmont's financial results, balance sheet strength, cash and liquidity requirements, future prospects, gold and commodity prices, and other factors deemed relevant by the Board.

Investors are also cautioned that the extent to which the Company repurchases its shares under the authorized share repurchase program, and the timing of such repurchases, will depend upon a variety of factors, including trading volume, market conditions, legal requirements, business conditions and other factors. The share repurchase program may be discontinued at any time, and the program does not obligate the Company to acquire any specific number of shares of its common stock or to repurchase the full authorized program amount.

For a more detailed discussion of such risks, see the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on February 21, 2025, under the heading "Risk Factors", as well as Newmont's other SEC filings, available on the SEC website or www.newmont.com . Newmont does not undertake any obligation to release publicly revisions to any "forward-looking statement," including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement. Continued reliance on "forward-looking statements" is at investors' own risk. Investors are also encouraged to review our Form 10-Q for the quarter ended September 30, 2025, as filed on October 23, 2025.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251023766633/en/

Investor Contact - Global
Neil Backhouse
investor.relations@newmont.com

Investor Contact - Asia Pacific
Natalie Worley
apac.investor.relations@newmont.com

Media Contact - Global
Shannon Brushe
globalcommunications@newmont.com

Media Contact - Asia Pacific
Rosalie Cobai
australiacommunications@newmont.com