Tartana Minerals: Copper, Gold, Silver and Zinc Producer, Explorer and Developer in Far North Queensland, Australia

Formerly known as R3D Resources, Tartana Minerals (ASX:TAT) is a copper, gold, silver and zinc, producer, explorer and developer in Far North Queensland. The company's flagship Tartana copper and zinc project comprises four mining leases located north of Chillagoe.

Tartana Minerals' business model includes refurbishing an existing heap leach - solvent extraction – crystallisation plant which is located on the Tartana mining leases. The refurbishment and commissioning of this plant are now completed and the company is producing copper sulphate pentahydrate which is sold to offtaker, Kanins International. Copper sulphate is priced on a premium plus percentage of the LME copper price and provides investors with leverage to anticipate increasing copper prices.

Sprinklers on the lower heap at Tartana Minerals' project.

Sprinklers operating on the lower heap. Note the presence of copper (blue).

The mining leases at Tartana contain copper, zinc and gold mineralisation but the company also has significant projects which are both east and west of the Palmerville Fault. In the west it has the Cardross and Mountain Maid copper-gold projects and further north it has the Beefwood project. Mountain Maid has gold resources mentioned above and which are open to the south and at depth while the company is finalising a maiden copper resource for the Cardross project. The Beefwood project comprises a buried geophysical target and surface sampling has recovered samples grading up to 180 g/t Au with no apparent source. Drilling is planned to test this target in the current dry season.

Company Highlights

Tartana Minerals is producing copper sulphate pentahydrate from its heap leach – solvent extraction – crystallisation plant in Chillagoe with a 100 percent offtake agreement with Kanins International.
Copper sulphate is priced at a premium plus percentage of the LME copper price, providing exposure to the booming copper market
With copper, zinc and gold resources in separate projects and all within granted or soon to be granted mining leases, the company is investigating processing options which can potentially utilise available infrastructure.
Near-term catalysts include targetted drilling programs to increase the JORC resource and expand on metallurgical test work, increasing the resource grade and estimate
With the copper sulphate plant fully commissioned and in production, the company is now accelerating its exploration activities. The company has a range of prospects from advanced brownfields projects near existing historical mines to many prospects containing ‘ore grade’ surface mineralisation which have not been tested at depth.
The company’s exploration portfolio includes the Beefwood/Bulimba, Bellevue, Dimbulah, Cardross and Maid projects. The exploration team is focused on target generation, particularly with the addition of critical minerals within its existing tenure and elsewhere.

This Tartana Minerals' profile is part of a paid investor education campaign.*

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TAT:AU

Newmont Reports First Quarter 2025 Results

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

"Following on from a robust fourth quarter performance, Newmont has delivered 1.5 million attributable gold ounces and generated a record first quarter free cash flow of $1.2 billion, demonstrating the strength of our unrivaled Tier 1 Portfolio," said Tom Palmer, Newmont's President and Chief Executive Officer. "We also successfully completed our non-core divestiture program, generating up to $4.3 billion in total gross proceeds including over $2.5 billion of after-tax cash proceeds in the first half of 2025. With these significant achievements and a solid start to the year, we remain firmly on track to meet our 2025 guidance, continuing on our journey towards creating the world's leading gold and copper portfolio for the benefit of our shareholders."

News Provided by Business Wire via QuoteMedia

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	2024											2025
	Q1			Q2		Q3		Q4		FY		Q1		YTD
Average realized gold price ($/oz)	$	2,090		$	2,347	$	2,518	$	2,643	$	2,408	$	2,944	$	2,944
Attributable gold production (Moz) ¹		1.68			1.61		1.67		1.90		6.85		1.54		1.54
Gold CAS ($/oz) ^2,3	$	1,057		$	1,152	$	1,207	$	1,096	$	1,126	$	1,227	$	1,227
Gold AISC ($/oz) ³	$	1,439		$	1,562	$	1,611	$	1,463	$	1,516	$	1,651	$	1,651
Net income (loss) attributable to Newmont stockholders ($M)	$	170		$	853	$	922	$	1,403	$	3,348	$	1,891	$	1,891
Adjusted net income ($M) ⁴	$	630		$	834	$	936	$	1,591	$	3,991	$	1,404	$	1,404
Adjusted net income per share ($/diluted share) ⁴	$	0.55		$	0.72	$	0.81	$	1.40	$	3.48	$	1.25	$	1.25
Adjusted EBITDA ($M) ⁴	$	1,694		$	1,966	$	1,967	$	3,048	$	8,675	$	2,629	$	2,629
Cash from operations before working capital ($M) ⁵	$	1,442		$	1,657	$	1,846	$	2,398	$	7,343	$	2,172	$	2,172
Net cash from operating activities of continuing operations ($M)	$	776		$	1,394	$	1,637	$	2,511	$	6,318	$	2,031	$	2,031
Capital expenditures ($M) ⁶	$	850		$	800	$	877	$	875	$	3,402	$	826	$	826
Free cash flow ($M) ⁷	$	(74	)	$	594	$	760	$	1,636	$	2,916	$	1,205	$	1,205

Guidance Metric (+/-5%) ^a	2025E
Attributable Gold Production (Moz)
Managed Tier 1 Portfolio		4.2
Non-Managed Tier 1 Portfolio ^b		1.4
Total Tier 1 Portfolio		5.6
Non-Core Assets ^c		0.3
Total Newmont Attributable Gold Production (Moz)		5.9
Gold CAS ($/oz) ^d
Managed Tier 1 Portfolio	$	1,170
Non-Managed Tier 1 Portfolio ^b	$	1,240
Total Tier 1 Portfolio	$	1,180
Non-Core Assets	$	1,450
Total Newmont Gold CAS ($/oz) ^d	$	1,200
Gold AISC ($/oz) ^d
Managed Tier 1 Portfolio	$	1,630
Non-Managed Tier 1 Portfolio ^b	$	1,555
Total Tier 1 Portfolio	$	1,620
Non-Core Assets ^c	$	1,830
Total Newmont Gold AISC ($/oz) ^d	$	1,630
Sustaining Capital ($M)
Managed Tier 1 Portfolio	$	1,530
Non-Managed Tier 1 Portfolio ^b	$	270
Total Tier 1 Portfolio	$	1,800
Non-Core Assets ^c	$	75
Total Newmont Sustaining Capital ^c	$	1,875
Development Capital ($M)
Managed Tier 1 Portfolio	$	1,140
Non-Managed Tier 1 Portfolio ^b	$	160
Total Tier 1 Portfolio	$	1,300
Non-Core Assets ^c	$	30
Total Newmont Development Capital ^e	$	1,330
Consolidated Expenses
Exploration & Advanced Projects ($M)	$	525
General & Administrative ($M)	$	475
Interest Expense ($M)	$	300
Depreciation & Amortization ($M) ^f	$	2,600
Reclamation and Remediation Accretion ($M) ^g	$	475
Adjusted Tax Rate ^h,i		34	%

Total Tier 1 Portfolio ^j	H1 2025E	H2 2025E
Attributable Production	48%	52%
Sustaining Capital	52%	48%
Development Capital	57%	43%

2025 Guidance	Consolidated Production (Koz)	Attributable Production (Koz)	Consolidated CAS ($/oz)	Consolidated All-In Sustaining Costs ^b ($/oz)	Attributable Sustaining Capital Expenditures ($M)	Attributable Development Capital Expenditures ($M)
Managed Tier 1 Portfolio
Boddington	560	560	1,270	1,620	150	—
Tanami	380	380	1,100	1,630	160	360
Cadia	280	280	1,000	1,950	490	330
Lihir	600	600	1,330	1,760	180	—
Ahafo	670	670	1,120	1,400	130	—
Ahafo North	50	50	350	480	5	290
Peñasquito	390	390	930	1,210	110	—
Cerro Negro	250	250	1,010	1,340	80	40
Yanacocha	460	460	920	1,070	10	—
Merian ^c	295	210	1,490	1,770	50	—
Brucejack	255	255	1,400	1,920	80	—
Red Chris	60	60	1,440	2,050	70	120

Non-Managed Tier 1 Portfolio
Nevada Gold Mines ^d	1,015	1,015	1,240	1,555	270	160
Pueblo Viejo ^e	—	260	—	—	—	—
Fruta Del Norte ^f	—	160	—	—	—	—

Non-Core Assets	250	250	1,450	1,830	75	30

Co-Product Production
Boddington - Copper (ktonne)	23	23	5,330	6,830	—	—
Cadia - Copper (ktonne)	67	67	4,600	8,780	—	—
Peñasquito - Silver (Moz)	28	28	11.50	15.00	—	—
Peñasquito - Lead (ktonne)	90	90	1,080	1,290	—	—
Peñasquito - Zinc (ktonne)	236	236	1,430	1,890	—	—
Red Chris - Copper (ktonne)	28	28	6,370	8,800	—	—

	2024															2025
Operating Results	Q1			Q2			Q3			Q4			FY			Q1			Q2	Q3	Q4	YTD
Attributable Sales (koz)
Attributable gold ounces sold ⁽¹⁾		1,581			1,528			1,551			1,811			6,471			1,430						1,430

Average Realized Price ($/oz, $/lb)
Average realized gold price	$	2,090		$	2,347		$	2,518		$	2,643		$	2,408		$	2,944					$	2,944
Average realized copper price	$	3.72		$	4.47		$	4.31		$	3.57		$	4.00		$	4.65					$	4.65
Average realized silver price	$	20.41		$	26.20		$	25.98		$	25.15		$	24.13		$	30.12					$	30.12
Average realized lead price	$	0.92		$	1.05		$	0.86		$	0.86		$	0.91		$	0.89					$	0.89
Average realized zinc price	$	0.92		$	1.31		$	1.14		$	1.21		$	1.14		$	1.13					$	1.13

Attributable Gold Production (koz)
Boddington		142			147			137			164			590			126						126
Tanami		90			99			102			117			408			78						78
Cadia		122			117			115			110			464			103						103
Lihir		181			141			129			163			614			164						164
Ahafo		190			184			213			211			798			205						205
Peñasquito		45			64			63			127			299			123						123
Cerro Negro		81			19			60			78			238			28						28
Yanacocha		91			78			93			92			354			105						105
Merian (75%)		57			46			43			59			205			47						47
Brucejack		37			60			89			72			258			41						41
Red Chris (70%)		6			9			9			16			40			14						14
Managed Tier 1 Portfolio		1,042			964			1,053			1,209			4,268			1,034						1,034
Nevada Gold Mines (38.5%)		264			253			242			280			1,039			216						216
Pueblo Viejo (40%) ⁽²⁾		54			53			66			62			235			49						49
Fruta Del Norte (32%) ⁽³⁾		21			35			43			39			138			43						43
Non-Managed Tier 1 Portfolio		339			341			351			381			1,412			308						308
Total Tier 1 Portfolio		1,381			1,305			1,404			1,590			5,680			1,342						1,342
Non-Core Assets ⁽⁴⁾		294			302			264			309			1,169			195						195
Total Attributable Gold Production		1,675			1,607			1,668			1,899			6,849			1,537						1,537

Co-Product Production
Red Chris copper tonnes (thousands)		5			6			6			9			26			7						7
Boddington copper tonnes (thousands)		9			10			9			9			37			7						7
Cadia copper tonnes (thousands)		21			22			21			23			87			21						21
Telfer copper tonnes (thousands) ⁽⁴⁾		1			—			1			1			3			—						—
Total copper tonnes (thousands)		36			38			37			42			153			35						35
Peñasquito silver ounces (millions)		9			8			7			9			33			6						6
Peñasquito lead tonnes (thousands)		28			20			19			29			96			22						22
Peñasquito zinc tonnes (thousands)		58			65			58			77			258			59						59

Gold Co-Product CAS Consolidated ($/oz)
Boddington	$	1,016		$	1,022		$	1,098		$	1,084		$	1,056		$	1,239					$	1,239
Tanami	$	902		$	1,018		$	979		$	898		$	947		$	1,087					$	1,087
Cadia	$	648		$	624		$	723		$	616		$	653		$	794					$	794
Lihir	$	936		$	1,101		$	1,619		$	1,523		$	1,270		$	1,009					$	1,009
Ahafo	$	865		$	976		$	867		$	916		$	904		$	1,238					$	1,238
Peñasquito	$	853		$	827		$	985		$	630		$	776		$	898					$	898
Cerro Negro	$	861		$	2,506		$	1,535		$	1,177		$	1,325		$	2,063					$	2,063
Yanacocha	$	972		$	1,000		$	1,072		$	970		$	1,003		$	961					$	961
Merian (75%)	$	1,221		$	1,546		$	1,795		$	1,334		$	1,457		$	1,497					$	1,497
Brucejack	$	2,175		$	1,390		$	970		$	1,126		$	1,254		$	1,800					$	1,800
Red Chris (70%)	$	940		$	951		$	2,228		$	901		$	1,225		$	1,106					$	1,106
Managed Tier 1 Portfolio	$	955		$	1,053		$	1,117		$	1,021		$	1,036		$	1,150					$	1,150
Nevada Gold Mines (38.5%)	$	1,177		$	1,220		$	1,311		$	1,177		$	1,219		$	1,426					$	1,426
Non-Managed Tier 1 Portfolio	$	1,177		$	1,220		$	1,311		$	1,177		$	1,219		$	1,426					$	1,426
Total Tier 1 Portfolio	$	1,000		$	1,087		$	1,153		$	1,050		$	1,071		$	1,198					$	1,198
Non-Core Assets ⁽⁴⁾	$	1,306		$	1,398		$	1,474		$	1,316		$	1,370		$	1,410					$	1,410
Total Gold co-product CAS ⁽⁵⁾	$	1,057		$	1,152		$	1,207		$	1,096		$	1,126		$	1,227					$	1,227

Gold By-Product CAS ($/oz)
Red Chris	$	(1,143	)	$	(2,556	)	$	5,125		$	(1,333	)	$	(256	)	$	(1,200	)				$	(1,200	)
Boddington	$	810		$	750		$	863		$	916		$	840		$	970					$	970
Cadia	$	(228	)	$	(626	)	$	(398	)	$	(173	)	$	(366	)	$	(643	)				$	(643	)
Peñasquito	$	(2,091	)	$	(2,047	)	$	(1,036	)	$	(1,587	)	$	(1,659	)	$	(949	)				$	(949	)
Total Gold by-product CAS ⁽⁵⁾	$	891		$	892		$	1,052		$	862		$	922		$	930					$	930

	2024														2025
Operating Results (continued)	Q1			Q2			Q3		Q4			FY			Q1			Q2	Q3	Q4	YTD
Co-Product CAS ($/unit)
Red Chris - copper ($/tonne)	$	5,571		$	5,043		$	12,296	$	4,645		$	6,663		$	4,991					$	4,991
Boddington - copper ($/tonne)	$	5,192		$	5,680		$	5,605	$	5,477		$	5,480		$	5,423					$	5,423
Cadia - copper ($/tonne)	$	3,271		$	3,044		$	3,774	$	3,209		$	3,321		$	3,468					$	3,468
Telfer - copper ($/tonne) ⁽⁴⁾	$	15,885		$	10,692		N.M.		$	8,582		$	13,214		$	—					$	—
Total - copper ($/tonne)	$	4,452		$	4,184		$	5,748	$	4,247		$	4,625		$	4,182					$	4,182
Peñasquito- silver ($/ounce)	$	11		$	12		$	13	$	8		$	11		$	10					$	10
Peñasquito - lead ($/tonne)	$	1,215		$	1,355		$	1,555	$	904		$	1,201		$	997					$	997
Peñasquito - zinc ($/tonne)	$	1,764		$	1,867		$	1,944	$	1,429		$	1,729		$	1,499					$	1,499

Gold Co-Product AISC Consolidated ($/oz)
Boddington	$	1,242		$	1,237		$	1,398	$	1,286		$	1,288		$	1,544					$	1,544
Tanami	$	1,149		$	1,276		$	1,334	$	1,340		$	1,281		$	1,659					$	1,659
Cadia	$	989		$	1,064		$	1,078	$	1,061		$	1,048		$	1,184					$	1,184
Lihir	$	1,256		$	1,212		$	1,883	$	1,781		$	1,512		$	1,339					$	1,339
Ahafo	$	1,010		$	1,123		$	1,043	$	1,113		$	1,072		$	1,462					$	1,462
Peñasquito	$	1,079		$	1,038		$	1,224	$	818		$	984		$	1,091					$	1,091
Cerro Negro	$	1,120		$	3,010		$	1,878	$	1,430		$	1,631		$	2,857					$	2,857
Yanacocha	$	1,123		$	1,217		$	1,285	$	1,166		$	1,196		$	1,170					$	1,170
Merian (75%)	$	1,530		$	2,170		$	2,153	$	1,656		$	1,852		$	1,864					$	1,864
Brucejack	$	2,580		$	1,929		$	1,197	$	1,498		$	1,603		$	2,230					$	2,230
Red Chris (70%)	$	1,277		$	1,613		$	2,633	$	1,131		$	1,607		$	1,322					$	1,322
Managed Tier 1 Portfolio	$	1,327		$	1,461		$	1,509	$	1,411		$	1,426		$	1,596					$	1,596
Nevada Gold Mines (38.5%)	$	1,576		$	1,689		$	1,675	$	1,492		$	1,605		$	1,789					$	1,789
Non-Managed Tier 1 Portfolio	$	1,576		$	1,689		$	1,675	$	1,492		$	1,605		$	1,789					$	1,789
Tier 1 Portfolio	$	1,378		$	1,508		$	1,540	$	1,425		$	1,461		$	1,630					$	1,630
Non-Core Assets ⁽⁴⁾	$	1,712		$	1,770		$	1,967	$	1,634		$	1,762		$	1,787					$	1,787
Total Gold co-product AISC ⁽⁵⁾	$	1,439		$	1,562		$	1,611	$	1,463		$	1,516		$	1,651					$	1,651

Gold By-Product AISC ($/oz)
Red Chris	$	857		$	778		$	7,250	$	(333	)	$	1,692		$	(467	)				$	(467	)
Boddington	$	1,085		$	1,044		$	1,226	$	1,179		$	1,134		$	1,348					$	1,348
Cadia	$	535		$	293		$	159	$	750		$	425		$	133					$	133
Peñasquito	$	(91	)	$	(859	)	$	411	$	(810	)	$	(476	)	$	(254	)				$	(254	)
Total Gold by-product AISC ⁽⁵⁾	$	1,373		$	1,412		$	1,542	$	1,319		$	1,408		$	1,447					$	1,447

Co-Product AISC ($/unit)
Red Chris - copper ($/tonne)	$	7,718		$	8,599		$	14,960	$	6,007		$	9,037		$	6,053					$	6,053
Boddington - copper ($/tonne)	$	5,959		$	6,914		$	6,436	$	6,545		$	6,462		$	6,760					$	6,760
Cadia - copper ($/tonne)	$	5,659		$	5,644		$	4,849	$	5,612		$	5,442		$	5,316					$	5,316
Telfer - copper ($/tonne) ⁽⁴⁾	$	20,643		$	15,112		N.M.		$	5,106		$	15,903		$	—					$	—
Total - copper ($/tonne)	$	6,392		$	6,675		$	7,423	$	6,162		$	6,638		$	6,014					$	6,014
Peñasquito - silver ($/ounce)	$	15		$	15		$	17	$	11		$	14		$	13					$	13
Peñasquito - lead ($/tonne)	$	1,500		$	1,601		$	1,879	$	1,132		$	1,467		$	1,185					$	1,185
Peñasquito - zinc ($/tonne)	$	2,368		$	2,498		$	2,614	$	2,015		$	2,350		$	2,026					$	2,026

(1)		Attributable gold ounces sold excludes ounces related to the Pueblo Viejo mine, which is 40% owned by Newmont and accounted for as an equity method investment, and the Fruta del Norte mine, which is wholly owned by Lundin Gold, in which the Company holds a 32% interest and is accounted for as an equity method investment.
(2)		Represents attributable gold from Newmont's 40% interest in Pueblo Viejo, which is accounted for as an equity method investment. Attributable gold ounces produced at Pueblo Viejo are not included in attributable gold ounces sold, as noted in footnote (1). Income and expenses of equity method investments are included in Equity income (loss) of affiliates .
(3)		Represents attributable gold from Newmont's 32% interest in Lundin Gold, which wholly owns and operates the Fruta del Norte mine and is accounted for on a quarterly lag as an equity method investment. Attributable gold ounces produced by Lundin Gold represent prior quarter production and are not included in attributable gold ounces sold, as noted in footnote (1). Income and expenses of equity method investments are included in Equity income (loss) of affiliates .
(4)		Non-core assets include the Akyem and Porcupine assets held for sale at March 31, 2025 and asset divestitures which closed prior to March 31, 2025 including: Telfer, CC&V, Musselwhite, and Éléonore. See Divestiture Program Update in this release for further details.
(5)		Non-GAAP measure. See end of this release for reconciliation.

Newmont Corporation CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited, in millions except per share)

	2024 ⁽¹ ⁾															2025 ⁽¹ ⁾
	Q1			Q2			Q3			Q4			FY			Q1			Q2	Q3	Q4	YTD

Sales	$	4,023		$	4,402		$	4,605		$	5,652		$	18,682		$	5,010					$	5,010

Costs and expenses:
Costs applicable to sales ⁽²⁾		2,106			2,156			2,310			2,391			8,963			2,106						2,106
Depreciation and amortization		654			602			631			689			2,576			593						593
Reclamation and remediation		98			94			132			4			328			93						93
Exploration		53			57			74			82			266			49						49
Advanced projects, research and development		53			49			47			48			197			43						43
General and administrative		101			100			113			128			442			110						110
(Gain) loss on sale of assets held for sale		485			246			115			268			1,114			(276	)					(276	)
Impairment charges		12			9			18			39			78			15						15
Other expense, net		61			50			37			43			191			28						28
		3,623			3,363			3,477			3,692			14,155			2,761						2,761
Other income (expense):
Change in fair value of investments and options		31			(9	)		17			23			62			291						291
Other income (loss), net		90			109			—			164			363			10						10
Interest expense, net of capitalized interest		(93	)		(103	)		(86	)		(93	)		(375	)		(79	)					(79	)
		28			(3	)		(69	)		94			50			222						222
Income (loss) before income and mining tax and other items		428			1,036			1,059			2,054			4,577			2,471						2,471
Income and mining tax benefit (expense)		(260	)		(191	)		(244	)		(702	)		(1,397	)		(647	)					(647	)
Equity income (loss) of affiliates		7			(3	)		60			69			133			78						78
Net income (loss) from continuing operations		175			842			875			1,421			3,313			1,902						1,902
Net income (loss) from discontinued operations		4			15			49			—			68			—						—
Net income (loss)		179			857			924			1,421			3,381			1,902						1,902
Net loss (income) attributable to noncontrolling interests ⁽³⁾		(9	)		(4	)		(2	)		(18	)		(33	)		(11	)					(11	)
Net income (loss) attributable to Newmont stockholders	$	170		$	853		$	922		$	1,403		$	3,348		$	1,891					$	1,891

Net income (loss) attributable to Newmont stockholders:
Continuing operations	$	166		$	838		$	873		$	1,403		$	3,280		$	1,891					$	1,891
Discontinued operations		4			15			49			—			68			—						—
	$	170		$	853		$	922		$	1,403		$	3,348		$	1,891					$	1,891

Weighted average common shares (millions):
Basic		1,153			1,153			1,147			1,133			1,146			1,126						1,126
Effect of employee stock-based awards		—			2			2			2			2			1						1
Diluted		1,153			1,155			1,149			1,135			1,148			1,127						1,127

Net income (loss) attributable to Newmont stockholders per common share:
Basic:
Continuing operations	$	0.15		$	0.73		$	0.76		$	1.24		$	2.86		$	1.68					$	1.68
Discontinued operations		—			0.01			0.04			—			0.06			—						—
	$	0.15		$	0.74		$	0.80		$	1.24		$	2.92		$	1.68					$	1.68
Diluted:
Continuing operations	$	0.15		$	0.73		$	0.76		$	1.24		$	2.86		$	1.68					$	1.68
Discontinued operations		—			0.01			0.04			—			0.06			—						—
	$	0.15		$	0.74		$	0.80		$	1.24		$	2.92		$	1.68					$	1.68

(1)		Certain amounts have been reclassified to conform to the current presentation.
(2)		Excludes Depreciation and amortization and Reclamation and remediation .
(3)		Relates to the Suriname Gold project C.V. ("Merian") reportable segment.

Newmont Corporation CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited, in millions)

	2024 ⁽¹⁾												2025 ⁽¹⁾
	MAR			JUN			SEP			DEC			MAR			JUN	SEP	DEC
ASSETS
Cash and cash equivalents	$	2,336		$	2,602		$	3,016		$	3,619		$	4,698
Trade receivables		782			955			974			1,056			887
Investments		23			50			43			21			18
Inventories		1,385			1,467			1,487			1,423			1,493
Stockpiles and ore on leach pads		745			681			688			761			792
Derivative assets		114			71			42			—			20
Other current assets		765			874			753			786			633
Assets held for sale		5,656			5,370			5,574			4,609			2,199
Current assets		11,806			12,070			12,577			12,275			10,740
Property, plant and mine development, net		33,564			33,655			33,697			33,547			33,568
Investments		4,138			4,141			4,150			4,471			4,856
Stockpiles and ore on leach pads		1,837			2,002			2,114			2,266			2,409
Deferred income tax assets		210			273			229			124			59
Goodwill		2,792			2,792			2,721			2,658			2,658
Derivative assets		412			181			161			142			344
Other non-current assets		576			564			526			866			885
Total assets	$	55,335		$	55,678		$	56,175		$	56,349		$	55,519

LIABILITIES
Accounts payable	$	698		$	683		$	772		$	843		$	771
Employee-related benefits		414			457			542			630			502
Income and mining taxes payable		136			264			317			381			378
Lease and other financing obligations		99			104			112			107			109
Debt		—			—			—			924			—
Other current liabilities		1,784			1,819			2,081			2,481			2,357
Liabilities held for sale		2,351			2,405			2,584			2,177			1,309
Current liabilities		5,482			5,732			6,408			7,543			5,426
Debt		8,933			8,692			8,550			7,552			7,507
Lease and other financing obligations		436			429			437			389			370
Reclamation and remediation liabilities		6,652			6,620			6,410			6,394			6,376
Deferred income tax liabilities		3,094			3,046			2,883			2,820			2,733
Employee-related benefits		610			616			632			555			575
Silver streaming agreement		753			733			721			699			671
Other non-current liabilities		300			247			238			288			430
Total liabilities		26,260			26,115			26,279			26,240			24,088

EQUITY
Common stock		1,855			1,851			1,840			1,813			1,803
Treasury stock		(274	)		(274	)		(276	)		(278	)		(293	)
Additional paid-in capital		30,436			30,394			30,228			29,808			29,624
Accumulated other comprehensive income (loss)		(16	)		(7	)		21			(95	)		(39	)
Retained earnings (Accumulated deficit)		(3,111	)		(2,585	)		(2,101	)		(1,320	)		153
Newmont stockholders' equity		28,890			29,379			29,712			29,928			31,248
Noncontrolling interests		185			184			184			181			183
Total equity		29,075			29,563			29,896			30,109			31,431
Total liabilities and equity	$	55,335		$	55,678		$	56,175		$	56,349		$	55,519

(1)		Certain amounts and disclosures in the prior year have been reclassified to conform to the current year presentation.
(2)		Cash from operations before working capital is a non-GAAP metric with the most directly comparable GAAP financial metric being to Net cash provided by (used in) operating activities, as shown reconciled above.
(3)		Cash payments for income and mining taxes, net of refunds, of $966 for the year ended December 31, 2024 is comprised of $96, $208, $254, and $408 for the first, second, third, and fourth quarter, respectively. Cash payments for income and mining taxes, net of refunds, for the three months ended March 31, 2025 is $465.
(4)		During the first quarter of 2024, certain non-core assets were determined to meet the criteria for assets held for sale. As a result, the related assets, including Cash and cash equivalents and restricted cash, included in Other current assets and Other non-current assets , were reclassified to Assets held for sale . Refer to Note 3 to the Condensed Consolidated Financial Statements for additional information.

	Three Months Ended March 31, 2025
				per share data ⁽¹⁾
				basic			diluted
Net income (loss) attributable to Newmont stockholders	$	1,891		$	1.68		$	1.68
Adjustments:
Change in fair value of investments and options ⁽²⁾		(291	)		(0.25	)		(0.25	)
(Gain) loss on sale of assets held for sale ⁽³⁾		(276	)		(0.25	)		(0.25	)
Impairment charges ⁽⁴⁾		15			0.01			0.01
(Gain) loss on debt extinguishment ⁽⁵⁾		10			0.01			0.01
Restructuring and severance ⁽⁶⁾		9			0.01			0.01
(Gain) loss on asset and investment sales ⁽⁷⁾		5			—			—
Newcrest transaction and integration costs ⁽⁸⁾		4			—			—
Settlement costs ⁽⁹⁾		3			—			—
Other ⁽¹⁰⁾		7			—			—
Tax effect of adjustments ⁽¹¹⁾		197			0.19			0.19
Valuation allowance and other tax adjustments ⁽¹²⁾		(170	)		(0.15	)		(0.15	)
Adjusted net income (loss)	$	1,404		$	1.25		$	1.25

Weighted average common shares (millions): ⁽¹³⁾					1,126			1,127

(1)		Per share measures may not recalculate due to rounding.
(2)		Primarily represents unrealized gains and losses related to the Company's investments in current and non-current marketable and other equity securities; included in Other income (loss), net.
(3)		Primarily consists of the gain on the sales of the CC&V, Musselwhite, and Éléonore reportable segments; included in (Gain) loss on sale of assets held for sale . Refer to Note 3 to the Condensed Consolidated Financial Statements for further information.
(4)		Represents non-cash write-downs of various assets that are no longer in use and materials and supplies inventories; included in Other expense, net.
(5)		Represents the loss on the redemption of the 2026 Senior Notes partially offset by the gain on the partial redemption of certain senior notes; included in Other income (loss), net . Refer to Note 15 to the Condensed Consolidated Financial Statements for further information.
(6)		Primarily represents severance and related costs associated with significant organizational or operating model changes implemented by the Company for all periods presented; included in Other expense, net .
(7)		Primarily represents gains and losses related to the sale of certain assets and investments; included in Other income (loss), net .
(8)		Represents costs incurred related to the Newcrest transaction; included in Other expense, net .
(9)		Primarily consists of litigation expenses and other settlements; included in Other expense, net .
(10)		Represents costs incurred related to transition service agreements for divested reportable segments; included in Other income (loss), net.
(11)		The tax effect of adjustments, included in Income and mining tax benefit (expense) , represents the tax effect of adjustments in footnotes (2) through (10), as described above, and are calculated using the applicable regional tax rate.
(12)		Valuation allowance and other tax adjustments, included in Income and mining tax benefit (expense) , is recorded for items such as foreign tax credits, capital losses, disallowed foreign losses, and the effects of changes in foreign currency exchange rates on deferred tax assets and deferred tax liabilities. The adjustment for the three months ended March 31, 2025 reflects the net increase or (decrease) to net operating losses, capital losses, tax credit carryovers, and other deferred tax assets subject to valuation allowance of $(197), the effects of changes in foreign exchange rates on deferred tax assets and liabilities of $(8), net reductions to the reserve for uncertain tax positions of $(14), recording of a deferred tax liability for the outside basis difference at Akyem of $2 due to the status change to held for sale, and other tax adjustments of $47. For further information on reductions to the reserve for uncertain tax positions, refer to Note 9 to the Condensed Consolidated Financial Statements.
(13)		Adjusted net income (loss) per diluted share is calculated using diluted common shares in accordance with GAAP.

	Three Months Ended March 31, 2024
				per share data ⁽¹⁾
				basic			diluted
Net income (loss) attributable to Newmont stockholders	$	170		$	0.15		$	0.15
Net loss (income) attributable to Newmont stockholders from discontinued operations		(4	)		—			—
Net income (loss) attributable to Newmont stockholders from continuing operations		166			0.15			0.15
Adjustments:
(Gain) loss on sale of assets held for sale ⁽²⁾		485			0.43			0.43
Change in fair value of investments and options ⁽³⁾		(31	)		(0.03	)		(0.03	)
Newcrest transaction-related costs ⁽⁴⁾		29			0.03			0.03
Settlement costs ⁽⁵⁾		21			0.02			0.02
Impairment charges ⁽⁶⁾		12			0.01			0.01
(Gain) loss on asset and investment sales ⁽⁷⁾		(9	)		(0.01	)		(0.01	)
Restructuring and severance ⁽⁸⁾		6			—			—
Reclamation and remediation charges ⁽⁹⁾		6			—			—
Tax effect of adjustments ⁽¹⁰⁾		(147	)		(0.13	)		(0.13	)
Valuation allowance and other tax adjustments ⁽¹¹⁾		92			0.08			0.08
Adjusted net income (loss)	$	630		$	0.55		$	0.55

Weighted average common shares (millions): ⁽¹²⁾					1,153			1,153

(1)		Per share measures may not recalculate due to rounding.
(2)		Consists of the write-downs on assets held for sale; included in (Gain) loss on sale of assets held for sale . Refer to Note 3 to the Condensed Consolidated Financial Statements for further information.
(3)		Primarily represents unrealized gains and losses related to the Company's investments in current and non-current marketable and other equity securities; included in Other income (loss), net.
(4)		Represents costs incurred related to the Newcrest transaction; included in Other expense, net .
(5)		Primarily comprised of wind down and demobilization costs related to the French Guiana project; included in Other expense, net .
(6)		Represents non-cash write-downs of various assets that are no longer in use and materials and supplies inventories; included in Other expense, net.
(7)		Primarily represents the gain recognized on the purchase and sale of foreign currency bonds; included in Other income (loss), net .
(8)		Primarily represents severance and related costs associated with significant organizational or operating model changes implemented by the Company for all periods presented; included in Other expense, net .
(9)		Represent revisions to reclamation and remediation plans at the Company's former operating properties and historic mining operations that have entered the closure phase and have no substantive future economic value; included in Reclamation and remediation. Refer to Note 6 to the Condensed Consolidated Financial Statements for further information.
(10)		The tax effect of adjustments, included in Income and mining tax benefit (expense) , represents the tax effect of adjustments in footnotes (2) through (9), as described above, and are calculated using the applicable regional tax rate.
(11)		Valuation allowance and other tax adjustments, included in Income and mining tax benefit (expense) , is recorded for items such as foreign tax credits, capital losses, disallowed foreign losses, and the effects of changes in foreign currency exchange rates on deferred tax assets and deferred tax liabilities. The adjustment for the three months ended March 31, 2024 reflects the net increase or (decrease) to net operating losses, capital losses, tax credit carryovers, and other deferred tax assets subject to valuation allowance of $(65), the effects of changes in foreign exchange rates on deferred tax assets and liabilities of $35, net reductions to the reserve for uncertain tax positions of $(2), recording of a deferred tax liability for the outside basis difference at Akyem of $117 due to the status change to held for sale, and other tax adjustments of $7. For further information on reductions to the reserve for uncertain tax positions, refer to Note 9 to the Condensed Consolidated Financial Statements.
(12)		Adjusted net income (loss) per diluted share is calculated using diluted common shares in accordance with GAAP.

	Three Months Ended March 31,
		2025			2024
Net income (loss) attributable to Newmont stockholders	$	1,891		$	170
Net income (loss) attributable to noncontrolling interests		11			9
Net (income) loss from discontinued operations		—			(4	)
Equity loss (income) of affiliates		(78	)		(7	)
Income and mining tax expense (benefit)		647			260
Depreciation and amortization		593			654
Interest expense, net of capitalized interest		79			93
EBITDA		3,143			1,175
Adjustments:
Change in fair value of investments and options ⁽¹⁾		(291	)		(31	)
(Gain) loss on assets held for sale ⁽²⁾		(276	)		485
Impairment charges ⁽³⁾		15			12
(Gain) loss on debt extinguishment ⁽⁴⁾		10			—
Restructuring and severance ⁽⁵⁾		9			6
(Gain) loss on asset and investment sales ⁽⁶⁾		5			(9	)
Newcrest transaction and integration costs ⁽⁷⁾		4			29
Settlement costs ⁽⁸⁾		3			21
Reclamation and remediation charges ⁽⁹⁾		—			6
Other ⁽¹⁰⁾		7			—
Adjusted EBITDA	$	2,629		$	1,694

	At March 31, 2025			At December 31, 2024
Debt	$	7,507		$	8,476
Lease and other financing obligations		479			496
Less: Cash and cash equivalents		(4,698	)		(3,619	)
Less: Cash and cash equivalents included in assets held for sale ⁽¹⁾		(67	)		(45	)
Net debt	$	3,221		$	5,308

(1)		Includes by-product credits of $47 and $39 during the three months ended March 31, 2025 and 2024, respectively.
(2)		Excludes Depreciation and amortization and Reclamation and remediation .
(3)		Per ounce measures may not recalculate due to rounding.

(1)		Includes by-product credits of $17 and $15 during the three months ended March 31, 2025 and 2024, respectively.
(2)		Excludes Depreciation and amortization and Reclamation and remediation .
(3)		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 ($1,700/oz.), Copper ($3.50/lb.), Silver ($20.00/oz.), Lead ($0.90/lb.) and Zinc ($1.20/lb.) pricing for 2025 and Gold ($1,400/oz.), Copper ($3.50/lb.), Silver ($20.00/oz.), Lead ($1.00/lb.) and Zinc ($1.20/lb.) pricing for 2024.
(4)		Per ounce measures may not recalculate due to rounding.

Three Months Ended March 31, 2025	Costs Applicable to Sales ^(1)(2)(3)		Reclamation Costs ⁽⁴⁾		Advanced Projects, Research and Development and Exploration ⁽⁵⁾		General and Administrative		Other Expense, Net ⁽⁶⁾		Treatment and Refining Costs		Sustaining Capital and Lease Related Costs ⁽⁷⁾⁽⁸⁾		All-In Sustaining Costs		Ounces (000) Sold	All-In Sustaining Costs Per oz. ⁽⁹⁾
Gold
Ahafo	$	247	$	4	$	2	$	—	$	—	$	—	$	38	$	291	199	$	1,462
Brucejack		83		1		2		—		—		1		16		103	46	$	2,230
Red Chris		16		1		—		—		—		—		2		19	15	$	1,322
Peñasquito		106		4		—		—		—		8		11		129	118	$	1,091
Merian		72		2		—		—		—		—		15		89	48	$	1,864
Cerro Negro ⁽¹⁰⁾		78		2		1		—		1		—		26		108	38	$	2,857
Yanacocha		93		11		—		—		8		—		1		113	96	$	1,170
Boddington		167		5		1		—		—		1		34		208	135	$	1,544
Tanami		82		1		2		—		—		—		40		125	75	$	1,659
Cadia		77		1		—		—		—		2		36		116	98	$	1,184
Lihir		161		4		1		—		—		—		48		214	160	$	1,339
NGM		308		4		1		3		—		2		70		388	216	$	1,789
Corporate and Other ⁽¹¹⁾		—		—		29		92		3		—		2		126	—	$	—
Held for sale ⁽¹²⁾
Porcupine		63		2		1		—		—		—		21		87	51	$	1,728
Akyem		90		4		—		—		—		—		8		102	39	$	2,594
Divested ⁽¹³⁾
CC&V		39		2		—		—		—		—		5		46	27	$	1,708
Musselwhite		33		1		—		—		—		—		14		48	32	$	1,530
Éléonore		54		1		2		—		—		—		12		69	49	$	1,403
Total Gold		1,769		50		42		95		12		14		399		2,381	1,442	$	1,651

Gold equivalent ounces - other metals ^(14)(15)
Red Chris		35		1		—		—		—		1		6		43	32	$	1,334
Peñasquito ⁽¹⁶⁾		193		6		—		1		—		28		24		252	212	$	1,189
Boddington		38		1		—		—		—		1		8		48	32	$	1,489
Cadia		71		1		—		—		—		2		34		108	92	$	1,171
Corporate and Other ⁽¹¹⁾		—		—		5		14		—		—		—		19	—	$	—
Total Gold Equivalent Ounces		337		9		5		15		—		32		72		470	368	$	1,275

Consolidated	$	2,106	$	59	$	47	$	110	$	12	$	46	$	471	$	2,851

(1)		Excludes Depreciation and amortization and Reclamation and remediation .
(2)		Includes by-product credits of $64.
(3)		Includes stockpile, leach pad, and product inventory adjustments of $3 at Cerro Negro and $15 at NGM.
(4)		Includes operating accretion of $38, included in Reclamation and remediation , and amortization of asset retirement costs of $21; excludes accretion and reclamation and remediation adjustments at former operating properties that have entered the closure phase and have no substantive future economic value of $51 and $4, respectively; included in Reclamation and remediation .
(5)		Excludes development expenditures of $8 at Ahafo, $2 at Red Chris, $4 at Peñasquito, $7 at Merian, $4 at Cerro Negro, $1 at Yanacocha, $2 at Boddington, $1 at NGM, $16 at Corporate and Other, totaling $45 related to developing new operations or major projects at existing operations where these projects will materially benefit the operation.
(6)		Adjusted for restructuring and severance of $9, Newcrest transaction and integration costs of $4, impairment charges of $15, settlement costs of $3; included in Other expense, net .
(7)		Excludes capitalized interest related to sustaining capital expenditures. See Liquidity and Capital Resources within Part I, Item 2, MD&A for capital expenditures by segment.
(8)		Includes finance lease payments and other costs for sustaining projects of $20.
(9)		Per ounce measures may not recalculate due to rounding.
(10)		During the first quarter of 2025, mining and processing operations at the site were temporarily suspended due to safety events. Full operations resumed in April 2025.
(11)		Corporate and Other includes the Company's business activities relating to its corporate and regional offices and all equity method investments. Refer to Note 4 to the Condensed Consolidated Financial Statements for further information.
(12)		Sites are classified as held for sale as of March 31, 2025. Refer to Note 3 to the Condensed Consolidated Financial Statements for further information.
(13)		In the first quarter of 2025, the Company completed the sales of the CC&V, Musselwhite, and Éléonore reportable segments. Refer to Note 3 to the Condensed Consolidated Financial Statements for further information.
(14)		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 ($1,700/oz.), Copper ($3.50/lb.), Silver ($20.00/oz.), Lead ($0.90/lb.) and Zinc ($1.20/lb.) pricing for 2025.
(15)		For the three months ended March 31, 2025, Red Chris sold 7 thousand tonnes of copper, Peñasquito sold 6 million ounces of silver, 21 thousand tonnes of lead and 73 thousand tonnes of zinc, Boddington sold 7 thousand tonnes of copper, and Cadia sold 21 thousand tonnes of copper.
(16)		All-in sustaining costs at Peñasquito is comprised of $79, $25, and $148 for silver, lead, and zinc, respectively.

Three Months Ended March 31, 2024	Costs Applicable to Sales ^(1)(2)(3)		Reclamation Costs ⁽⁴⁾		Advanced Projects, Research and Development and Exploration ⁽⁵⁾		General and Administrative		Other Expense, Net ⁽⁶⁾		Treatment and Refining Costs		Sustaining Capital and Lease Related Costs ⁽⁷⁾⁽⁸⁾		All-In Sustaining Costs		Ounces (000) Sold	All-In Sustaining Costs Per oz. ⁽⁹⁾
Gold
Ahafo	$	159	$	4	$	—	$	—	$	—	$	1	$	22	$	186	184	$	1,010
Brucejack		74		1		—		—		—		1		12		88	34	$	2,580
Red Chris		7		—		—		—		—		1		1		9	7	$	1,277
Peñasquito		38		1		—		—		—		3		5		47	44	$	1,079
Merian		90		2		2		—		—		—		19		113	74	$	1,530
Cerro Negro		63		2		1		—		1		—		15		82	74	$	1,120
Yanacocha		88		7		2		—		—		—		5		102	90	$	1,123
Boddington		144		5		—		—		—		3		24		176	142	$	1,242
Tanami		82		1		—		—		—		—		22		105	91	$	1,149
Cadia		74		—		3		—		—		6		30		113	114	$	989
Lihir		171		1		6		—		—		—		51		229	182	$	1,256
NGM		314		4		2		2		1		2		95		420	267	$	1,576
Corporate and Other ⁽¹⁰⁾		—		—		30		90		1		—		4		125	—	$	—
Held for sale ⁽¹¹⁾
CC&V		40		3		1		—		1		—		5		50	29	$	1,735
Musselwhite		57		1		2		—		1		—		25		86	49	$	1,766
Porcupine		63		5		2		—		—		—		19		89	61	$	1,470
Éléonore		80		2		4		—		—		—		21		107	56	$	1,920
Telfer ⁽¹²⁾		70		2		3		—		—		1		3		79	26	$	3,017
Akyem		76		11		—		1		—		—		8		96	75	$	1,254
Total Gold		1,690		52		58		93		5		18		386		2,302	1,599	$	1,439

Gold equivalent ounces - other metals ^(13)(14)
Red Chris		31		—		2		—		—		4		6		43	31	$	1,400
Peñasquito ⁽¹⁵⁾		255		9		1		—		—		35		34		334	303	$	1,102
Boddington		48		1		—		—		—		3		3		55	51	$	1,081
Cadia		67		—		2		—		—		19		27		115	112	$	1,027
Corporate and Other ⁽¹⁰⁾		—		—		1		8		—		—		—		9	—	$	—
Held for sale ⁽¹¹⁾
Telfer ⁽¹²⁾		15		1		1		—		—		2		1		20	5	$	3,745
Total Gold Equivalent Ounces		416		11		7		8		—		63		71		576	502	$	1,148

Consolidated	$	2,106	$	63	$	65	$	101	$	5	$	81	$	457	$	2,878

(1)		Excludes Depreciation and amortization and Reclamation and remediation .
(2)		Includes by-product credits of $54.
(3)		Includes stockpile, leach pad, and product inventory adjustments of $2 at Brucejack, $1 at Peñasquito, $6 at NGM, and $15 at Telfer.
(4)		Include operating accretion of $33, included in Reclamation and remediation , and amortization of asset retirement costs of $30; excludes accretion and reclamation and remediation adjustments at former operating properties that have entered the closure phase and have no substantive future economic value of $54 and $11, respectively; included in Reclamation and remediation .
(5)		Excludes development expenditures of $5 at Ahafo, $1 at Peñasquito, $2 at Merian, $4 at Cerro Negro, $1 at Boddington, $8 at Tanami, $4 at Akyem, $3 at NGM, and $13 at Corporate and Other, totaling $41 related to developing new operations or major projects at existing operations where these projects will materially benefit the operation.
(6)		Adjusted for Newcrest transaction-related costs of $29, settlement costs of $21, impairment charges of $12, and restructuring and severance of $6; included Other expense, net .
(7)		Excludes capitalized interest related to sustaining capital expenditures. See Liquidity and Capital Resources within Part I, Item 2, MD&A for capital expenditures by segment.
(8)		Includes finance lease payments and other costs for sustaining projects of $15.
(9)		Per ounce measures may not recalculate due to rounding.
(10)		Corporate and Other includes the Company's business activities relating to its corporate and regional offices and all equity method investments. Refer to Note 4 to the Condensed Consolidated Financial Statements for further information.
(11)		Sites were classified as held for sale as of March 31, 2024. Refer to Note 3 to the Condensed Consolidated Financial Statements for further information.
(12)		In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 to the Condensed Consolidated Financial Statements for further information.
(13)		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 ($1,400/oz.), Copper ($3.50/lb.), Silver ($20.00/oz.), Lead ($1.00/lb.) and Zinc ($1.20/lb.) pricing for 2024.
(14)		For the three months ended March 31, 2024, Red Chris sold 6 thousand tonnes of copper, Peñasquito sold 10 million ounces of silver, 29 thousand tonnes of lead and 61 thousand tonnes of zinc, Boddington sold 9 thousand tonnes of copper, Cadia sold 20 thousand tonnes of copper, and Telfer sold 1 thousand tonnes of copper.
(15)		All-in sustaining costs at Peñasquito is comprised of $145, $44, and $145 for silver, lead, and zinc, respectively.

2025 Guidance Total Tier 1 Portfolio - Gold ⁽¹⁾⁽²⁾
(in millions, except ounces and per ounce)	Guidance Estimate
Cost Applicable to Sales ⁽³⁾⁽⁴⁾	$	6,100
Reclamation Costs ⁽⁵⁾		160
Advanced Projects & Exploration ⁽⁶⁾		200
General and Administrative ⁽⁷⁾		340
Other Expense		20
Treatment and Refining Costs		80
Sustaining Capital ⁽⁸⁾		1,440
Sustaining Finance Lease Payments		60
All-in Sustaining Costs	$	8,390
Ounces (000) Sold ⁽⁹⁾		5,175
All-in Sustaining Costs per Ounce	$	1,620

(1)		The reconciliation is provided for illustrative purposes in order to better describe management's estimates of the components of the calculation. Estimates for each component of the forward-looking All-in sustaining costs per ounce are independently calculated and, as a result, the total All-in sustaining costs and the All-in sustaining costs per ounce may not sum to the component ranges. While a reconciliation to the most directly comparable GAAP measure has been provided for the 2025 AISC Gold Outlook on a consolidated basis, a reconciliation has not been provided on an individual site or project basis in reliance on Item 10(e)(1)(i)(B) of Regulation S-K because such reconciliation is not available without unreasonable efforts. 2025 guidance projections are considered forward-looking statements and represent management's good faith estimates or expectations of future production results as of February 20, 2025. Guidance cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon Guidance and forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. See cautionary statement at the end of this release.
(2)		All values are presented on a consolidated basis for Newmont.
(3)		Excludes Depreciation and amortization and Reclamation and remediation .
(4)		Includes stockpile and leach pad inventory adjustments.
(5)		Reclamation costs include operating accretion and amortization of asset retirement costs.
(6)		Advanced Project and Exploration excludes non-sustaining advanced projects and exploration.
(7)		Includes stock-based compensation.
(8)		Excludes development capital expenditures, capitalized interest and change in accrued capital.
(9)		Consolidated production for Merian is presented on a total production basis for the mine site and excludes production from Pueblo Viejo and Fruta del Norte.

Tartana Minerals: Copper, Gold, Silver and Zinc Producer, Explorer and Developer in Far North Queensland, Australia

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	Three Months Ended
	March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024

Net income (loss) attributable to Newmont stockholders	$	1,891		$	1,403		$	922		$	853
Net income (loss) attributable to noncontrolling interests		11			18			2			4
Net loss (income) from discontinued operations		—			—			(49	)		(15	)
Equity loss (income) of affiliates		(78	)		(69	)		(60	)		3
Income and mining tax expense (benefit)		647			702			244			191
Depreciation and amortization		593			689			631			602
Interest expense, net of capitalized interest		79			93			86			103
EBITDA ⁽¹⁾	$	3,143		$	2,836		$	1,776		$	1,741
Adjustments:
Change in fair value of investments	$	(291	)	$	(23	)	$	(17	)	$	9
(Gain) loss on sale of assets held for sale		(276	)		268			115			246
Impairment charges		15			39			18			9
(Gain) loss on debt extinguishment		10			(3	)		(15	)		(14	)
Restructuring and severance		9			18			5			9
(Gain) loss on asset and investment sales		5			1			28			(55	)
Newcrest transaction and integration costs		4			10			17			16
Settlement costs		3			11			7			5
Reclamation and remediation charges		—			(110	)		33			—
Pension settlements		—			1			—			—
Other		7			—			—			—
Adjusted EBITDA ⁽¹⁾	$	2,629		$	3,048		$	1,967		$	1,966
12 month trailing Adjusted EBITDA	$	9,610

Total Debt	$	7,507
Lease and other financing obligations		479
Less: Cash and cash equivalents		(4,698	)
Less: Cash and cash equivalents included in assets held for sale ⁽²⁾		(67	)
Total Net debt	$	3,221

Net debt to Adjusted EBITDA		0.3

	Three Months Ended March 31,				Increase (Decrease)			Percent Change
		2025		2024	Increase (Decrease)			Percent Change
Consolidated gold sales, net	$	4,245	$	3,341	$	904		27	%
Consolidated copper sales, net		354		297		57		19
Consolidated silver sales, net		188		201		(13	)	(6	)
Consolidated lead sales, net		42		60		(18	)	(30	)
Consolidated zinc sales, net		181		124		57		46
Total sales	$	5,010	$	4,023	$	987		25	%

	Three Months Ended March 31, 2025
	Gold			Copper			Silver			Lead			Zinc
	(ounces)			(pounds)			(ounces)			(pounds)			(pounds)
Consolidated sales:
Gross before provisional pricing and streaming impact	$	4,167		$	324		$	157		$	43		$	207
Provisional pricing mark-to-market		92			34			19			—			(6	)
Silver streaming amortization		—			—			19			—			—
Gross after provisional pricing and streaming impact		4,259			358			195			43			201
Treatment and refining charges		(14	)		(4	)		(7	)		(1	)		(20	)
Net	$	4,245		$	354		$	188		$	42		$	181
Consolidated ounces/pounds sold ⁽¹⁾⁽²⁾		1,442			76			6			47			161
Average realized price (per ounce/pound): ⁽³⁾
Gross before provisional pricing and streaming impact	$	2,890		$	4.25		$	25.23		$	0.91		$	1.28
Provisional pricing mark-to-market		64			0.45			3.03			—			(0.03	)
Silver streaming amortization		—			—			3.04			—			—
Gross after provisional pricing and streaming impact		2,954			4.70			31.30			0.91			1.25
Treatment and refining charges		(10	)		(0.05	)		(1.18	)		(0.02	)		(0.12	)
Net	$	2,944		$	4.65		$	30.12		$	0.89		$	1.13

(1)		Amounts reported in millions except gold ounces, which are reported in thousands.
(2)		For the three months ended March 31, 2025 the Company sold 35 thousand tonnes of copper, 21 thousand tonnes of lead, and 73 thousand tonnes of zinc.
(3)		Per ounce/pound measures may not recalculate due to rounding.

	Three Months Ended March 31, 2024
	Gold			Copper			Silver			Lead			Zinc
	(ounces)			(pounds)			(ounces)			(pounds)			(pounds)
Consolidated sales:
Gross before provisional pricing and streaming impact	$	3,329		$	316		$	182		$	61		$	149
Provisional pricing mark-to-market		30			9			4			—			(3	)
Silver streaming amortization		—			—			27			—			—
Gross after provisional pricing and streaming impact		3,359			325			213			61			146
Treatment and refining charges		(18	)		(28	)		(12	)		(1	)		(22	)
Net	$	3,341		$	297		$	201		$	60		$	124
Consolidated ounces/pounds sold ⁽¹⁾⁽²⁾		1,599			80			10			65			135
Average realized price (per ounce/pound): ⁽³⁾
Gross before provisional pricing and streaming impact	$	2,082		$	3.95		$	18.50		$	0.95		$	1.10
Provisional pricing mark-to-market		19			0.12			0.39			(0.01	)		(0.02	)
Silver streaming amortization		—			—			2.78			—			—
Gross after provisional pricing and streaming impact		2,101			4.07			21.67			0.94			1.08
Treatment and refining charges		(11	)		(0.35	)		(1.26	)		(0.02	)		(0.16	)
Net	$	2,090		$	3.72		$	20.41		$	0.92		$	0.92

Total Newmont Gold By-product Unit Costs	Three Months Ended March 31,
		2025			2024
Consolidated gold sales, net	$	4,245		$	3,341
Consolidated other metal sales, net		765			682
Sales	$	5,010		$	4,023

Costs applicable to sales	$	2,106		$	2,106
Less: Consolidated other metal sales, net		(765	)		(682	)
By-product costs applicable to sales	$	1,341		$	1,424
Gold sold (thousand ounces)		1,442			1,599
Total Gold CAS per ounce (by-product) ⁽¹⁾	$	930		$	891

Total AISC	$	2,851		$	2,878
Less: Consolidated other metal sales, net		(765	)		(682	)
By-product AISC	$	2,086		$	2,196
Gold sold (thousand ounces)		1,442			1,599
Total Gold AISC per ounce (by-product) ⁽¹⁾	$	1,447		$	1,373

Dial-In Number		833.470.1428
Intl Dial-In Number		404.975.4839 ¹
Dial-In Access Code		628388
Conference Name		Newmont
Replay Number		866.813.9403
Intl Replay Number		929.458.6194
Replay Access Code		307601