Newmont : 2022 Gold Forum Americas Presentation

6900 E Layton Avenue	P 303.837.5855
Suite 700	F 303.837.5087
Denver, CO 80237	newmont.com
	NYSE: NEM & TSX: NGT

2022 Gold Forum Americas Transcript

Tom Palmer, President and Chief Executive Officer

DENVER --Newmont Corporation's(NYSE: NEM, TSX: NGT) (Newmont or the Company) Tom Palmer (President and Chief Executive Officer has presented at the 2022 World Gold Forum Americas on Tuesday, September 20th at 10:30 am (MDT). The presentation is available on www.Newmont.comalong with a full copy of the presentation transcript below. Investors are reminded that statements in this presentation script should be considered in conjunction with the cautionary note on slide 2 and the endnotes on slides 14 and 15 of such presentation, along with the Company's SEC filings.

Investors are invited to register for the webcast at https://www.denvergold.org/company-live-session/gfa22/89/,and Newmont will provide an edited version of the transcript to include any questions and answers provided during the live presentation.

Slide 1 and 2: Cover Slide and Cautionary Statement

Thank you, Jackie… and thank you all joining us this morning.

Before I begin, I invite you to review our cautionary statement on the next slide.

Slide 3: Newmont is the World's Leading Gold Company

2022 has been a unique and challenging year for Newmont and the mining industry as a whole. Over the last 9 months, we have observed the continued impacts from the

pandemic, Russia's invasion of Ukraine, an increasingly competitive labor market, and the

highest global inflation rates in 40 years.

Yet in this environment, Newmont benefits from over 100 years of history and experience…

differentiating ourselves in four key areas:

2022 Gold Forum Americas - Newmont Transcript

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6900 E Layton Avenue	P 303.837.5855
Suite 700	F 303.837.5087
Denver, CO 80237	newmont.com
	NYSE: NEM & TSX: NGT

• First and foremost, Newmont has a long history of leading change in our approach to environmental, social, and governance matters. These practices have been embedded in our culture and strategy and are woven into the very fabric of our company.
• Second, Newmont has created an unmatched, global portfolio of world-class operations and projects with both the scale and mine life to sustain our business andcontinue leading the industry for decades to come.
• Third, these assets are managed through our integrated operating model which is supported by a deep bench of experienced leaders and a proven track record of delivering value.
• Finally, our disciplined approach to capital allocation allows us to maintain financial strength and flexibility, while balancing steady reinvestment into our business with industry-leading returns to shareholders.

Slide 4: The Gold Sector's Recognized Sustainability Leader

At Newmont, our core values are safety, sustainability, integrity, inclusion, and responsibility… Together they are fundamental to howwe run our business, wherewe choose to operate, and howwe conduct ourselves on a daily basis.

We take pride in being a values-driven organization with a clear purpose… we remain committed to high standards for accountability and transparency… And we consistently rank among the most transparent companies in the S&P 500.

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6900 E Layton Avenue	P 303.837.5855
Suite 700	F 303.837.5087
Denver, CO 80237	newmont.com
	NYSE: NEM & TSX: NGT

This commitment along with Newmont's leading ESG practices have positioned us as the gold sector's recognized sustainability leader… we are focused on creating long-term value for all of our stakeholders by:

• Delivering safer, more efficient and reliable operations…
• Responsibly developing and operating our assets in a broad range of top-tier jurisdictions, while delivering on our commitments to host governments and communities…
• Proactively managing risks and addressing the emergent issues that face our industry and our world today…
• And most importantly, conducting our activities transparently and fostering trust-based relationships… which is a fundamental principle that is more important today than ever before.

Slide 5: Best Portfolio of Operations and Projects in the Industry

To navigate the challenges in today's unprecedented and evolving market environment, we will need to leverage our leading ESG practices, our integrated operating model and importantly - the strength and depth of our world-class asset base.

At Newmont, we have created a robust and diverse portfolio of operations… along with a pipeline of more than 20 organic projects with the scale and mine life to deliver strong long-term results.

Newmont will produce more than 6 million ounces of gold each year and almost 2 million gold equivalent ounces from copper, silver, lead and zinc. Combined, that is nearly 8 million gold equivalent ounces per year for at least the next decade - the most of any company in our industry.

2022 Gold Forum Americas - Newmont Transcript

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6900 E Layton Avenue	P 303.837.5855
Suite 700	F 303.837.5087
Denver, CO 80237	newmont.com
	NYSE: NEM & TSX: NGT

Among our 12 operating mines and 2 joint ventures, nearly 90 percent of our attributable gold production comes from top-tier jurisdictions… because we firmly believe that where we choose to invest and operate matters.

And underpinning our portfolio is a robust foundation of reserves and resources, which combined with the gold industry's best organic project pipeline provides the pathway to steady production and cash flow well into the 2040's.

These projects and operations are managed through a proven integrated operating model… and at Newmont, we are able to attract anddevelop a team of experienced leaders and technical experts who have a strong track record of delivering long-term value.

Slide 6: Disciplined Capital Allocation Strategy

Through the strength of Newmont's portfolio and integrated operating model, we maintain a disciplined and balanced approach to capital allocation... a key component in sustainably managing a mining business through the commodity cycles.

Our capital allocation priorities remain unchanged and follow a clear hierarchy:

• First and foremost, to maintain the industry's strongest balance sheet with financial strength and flexibility…
• Second, to reinvest in our business through exploration and organic growth…
• And finally, to return excess cash to shareholders through dividends and opportunistic share buybacks.

I'll take a moment to step through each of these priorities… explaining their significance to Newmont and how they work togetherin order for us to deliver a long-term, stable outlook.

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6900 E Layton Avenue	P 303.837.5855
Suite 700	F 303.837.5087
Denver, CO 80237	newmont.com
	NYSE: NEM & TSX: NGT

Slide 7: The Industry's Strongest Balance Sheet

Underpinned by the largest production base in the sector, Newmont has established the industry's strongest balance sheet… providing both strategic and tactical resilience in the current uncertain global economic conditions. We have made a deliberate effort over a number of years to build a very robust platform by:

• Growing our cash balances to $4.3 billion dollars with total liquidity of $7.3 billion dollars…
• Responsibly managing our long-term debt through refinancing at historically low-coupon rates in 2020 and again in 2021… This included the launch of the mining industry's first sustainability-linked bond, further aligning our finance strategy with our ESG commitments…
• Achieving a net debt to EBITDA ratio of 0.3 times… well below our target of 1.0x…
• And with an investment-grade balance sheet and no debt due until 2029,
  Newmont is in a strong financial position… allowing us to be resilient and agile in times of market instability, whilst we continue to build a profitable and sustainable future.

Slide 8: Steady Investment in Sustainable Growth

From this robust foundation, our next capital allocation priority is to sustainably reinvest in value-accretive projects from our industry-leading organic project pipeline.

Our long-term outlook assumes an annual investment of around $1 billion dollars in sustaining capital, $600 to $800 million dollars in development capital, and $400 million dollars in exploration and studies. Combined, this is an average annual investment of at

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