Newmont — Jul 24, 2025 release

NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM Exhibit 99.1 Newmont Reports Second Quarter 2025 Results DENVER, July 24, 2025 – Newmont Corporation (NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM) (Newmont or the Company) today announced second quarter 2025 results, an additional $3.0 billion share repurchase program and declared a dividend of $0.25 1 per share. "Newmont delivered a strong second quarter, producing approximately 1.5 million attributable gold ounces and generating an all time record quarterly free cash flow of $1.7 billion, underscoring the strength of our world-class portfolio and the disciplined execution of the commitments we shared at the beginning of the year," said Tom Palmer, Newmont's Chief Executive Officer. "We remain firmly on track to achieve our 2025 guidance as we continue to strengthen our safety culture, stabilize our operations and deliver long term value to shareholders." Q2 2025 Results ▪ Reported Net Income of $2.1 billion, Adjusted Net Income (ANI) 2 of $1.6 billion equating to $1.43 per diluted share and Adjusted EBITDA 2 of $3.0 billion ▪ On track to meet Newmont's 2025 guidance 3 , with second quarter results in line with indications provided in February 2025 ▪ Expect to receive more than $3.0 billion in after tax cash proceeds from the divestiture program this year including approximately $2.5 billion from divested assets 4 and approximately $470 million from the sale of equity shares in Greatland Resources and Discovery Silver 5 ▪ Generated $2.4 billion of cash from operating activities, net of working capital contribution of $156 million; reported record Free Cash Flow 2 of $1.7 billion ▪ Returned $1.0 billion 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 second quarter of 2025 ▪ Newmont's Board authorized an additional $3.0 billion share repurchase program to be executed at the Company's discretion 7 ▪ Produced 1.5 million gold ounces from Newmont's Core Portfolio, as well as 36 thousand tonnes of copper ▪ Maintained a strong and flexible investment-grade balance sheet, ending the quarter with $6.2 billion in cash and $10.2 billion in total liquidity 8 ▪ Reduced debt by $372 million since the last earnings call; reported Net debt to Adjusted EBITDA 2 of 0.1x ▪ Published 21st Annual Sustainability Report and 4th Annual Taxes and Royalties Contribution Report, providing a transparent review of Newmont's sustainability performance and economic contributions to the communities where we operate 1 Newmont's Board of Directors declared a dividend of $0.25 per share of common stock for the second quarter of 2025, payable on September 29, 2025 to holders of record at the close of business on September 4, 2025. 2 Non-GAAP metrics; see reconciliations at the end of this release. 3 See discussion of guidance and cautionary statement at the end of this release regarding forward-looking statements. 4 All operating sites previously announced for divestment have been sold, with the Coffee development project remaining designated as held for sale. No agreement has been reached with respect to Coffee as of the date of this release. 5 Shares in Greatland Resources were received as part of the sale consideration for Telfer and Havieron and shares in Discovery Silver Corp were received as part of the sale consideration for Porcupine. For further details see the 'Divestiture Program Update' section below. $470 million of net proceeds from sale of equity shares includes $140 million of Discovery share sales in July. 6 Includes $605 million of share repurchases in the second quarter of 2025 after April 24, 2025 and $145 million of share repurchases settled in July 2025. 7 The share repurchase program will be executed at the Company's discretion. The share repurchase program permits shares to be repurchased in a variety of methods, has no time limit and may be suspended or discontinued at any time. See cautionary statement regarding forward-looking statements at end of this release. 8 Total liquidity as of June 30, 2025 includes $4.0 billion available on a revolving credit facility. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         1      Summary of Second Quarter Results 2024 2025 Q1 Q2 Q3 Q4 FY Q1 Q2 YTD Average realized gold price ($/oz) $ 2,090  $ 2,347  $ 2,518  $ 2,643  $ 2,408  $ 2,944  $ 3,320  $ 3,128  Attributable gold production (Moz) 1 1.68  1.61  1.67  1.90  6.85  1.54  1.48  3.02  Gold Co-Product CAS ($/oz) 2,3 $ 1,057  $ 1,152  $ 1,207  $ 1,096  $ 1,126  $ 1,227  $ 1,215  $ 1,221  Gold By-Product CAS ($/oz) 3 $ 891  $ 892  $ 1,052  $ 862  $ 922  $ 930  $ 917  $ 924  Gold Co-Product AISC ($/oz) 3 $ 1,439  $ 1,562  $ 1,611  $ 1,463  $ 1,516  $ 1,651  $ 1,593  $ 1,623  Gold By-Product AISC ($/oz) 3 $ 1,373  $ 1,412  $ 1,542  $ 1,319  $ 1,408  $ 1,447  $ 1,375  $ 1,411  Net income (loss) attributable to Newmont stockholders ($M) $ 170  $ 853  $ 922  $ 1,403  $ 3,348  $ 1,891  $ 2,061  $ 3,952  Adjusted net income ($M) 4 $ 630  $ 834  $ 936  $ 1,591  $ 3,991  $ 1,404  $ 1,594  $ 2,998  Adjusted net income per share ($/diluted share) 4 $ 0.55  $ 0.72  $ 0.81  $ 1.40  $ 3.48  $ 1.25  $ 1.43  $ 2.68  Adjusted EBITDA ($M) 4 $ 1,694  $ 1,966  $ 1,967  $ 3,048  $ 8,675  $ 2,629  $ 2,997  $ 5,626  Cash from operations before working capital ($M) 5 $ 1,442  $ 1,657  $ 1,846  $ 2,398  $ 7,343  $ 2,172  $ 2,228  $ 4,400  Net cash from operating activities of continuing operations ($M) $ 776  $ 1,394  $ 1,637  $ 2,511  $ 6,318  $ 2,031  $ 2,384  $ 4,415  Capital expenditures ($M) 6 $ 850  $ 800  $ 877  $ 875  $ 3,402  $ 826  $ 674  $ 1,500  Free cash flow ($M) 7 $ (74) $ 594  $ 760  $ 1,636  $ 2,916  $ 1,205  $ 1,710  $ 2,915  Second Quarter 2025 Production and Financial Summary Attr ibutable gold production 1 decreased 4 percent to 1,478 thousand ounces from the prior quarter as expected, driven by the previously announced closing of non-core asset sales partially offset by increased production at Yanacocha from improved injection leaching, Peñasquito from higher gold grades, Nevada Gold Mines, and Boddington from higher tonnes processed following planned maintenance. Average realized gold price was $3,320 per ounce, an increase of $376 per ounce over the prior quarter. Average realized gold price includes $3,301 per ounce of gross price received, a favorable impact of $25 per ounce mark-to-market on provisionally-priced sales and reductions of $6 per ounce for treatment and refining charges. Gold CAS 2 totaled $1.7 billion for the quarter. Gold CAS per ounce 3 decreased 1 percent to $1,215 per ounce on a co-product basis compared to the prior quarter primarily due to lower direct operating costs with the completed sales of higher cost, non-core assets. Gold AISC per ounce 3 decreased 4 percent to $1,593 per ounce on a co-product basis compared to the prior quarter. Building from CAS per ounce the decrease is primarily due to $81 million lower sustaining capital spend at the Non-Core Portfolio and across the Core Portfolio, particularly at Boddington following the completion of planned maintenance, as well as Lihir and Cadia due to project timing, partially offset by seasonal increases in sustaining capital at Red Chris and Brucejack. Net income attributable to Newmont stockholders was $2.1 billion or $1.85 per diluted share, an increase of $170 million from the prior quarter. This increase was in part driven by higher revenues and lower CAS compounded by a gain on the sale of assets held for sale of $699 million compared to a gain of $276 million in the prior quarter; partially offset by 69 percent higher income and mining taxes and a smaller net gain on the fair value of investments and options of $151 million compared to a net gain of $291 million in the prior quarter. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         2      Adjusted net income 4 for the quarter was $1.6 billion or $1.43 per diluted share, compared to $1.4 billion or $1.25 per diluted share in the prior quarter. Primary adjustments to second quarter net income includes a net gain on the sale of assets held for sale of $(699) million primarily related to the mine sales that closed in the second quarter and a net gain on the fair value of investments and options of $(151) million and a valuation allowance and other tax adjustments $167 million. Adjusted EBITDA 4 increased 14 percent to $3.0 billion, while EBITDA increased 21 percent to $3.8 billion compared to the prior quarter. The increase in EBITDA was driven by mostly by higher net income. Adjusted EBITDA excludes adjustments totaling $(806) million, primarily consisting of a net gain on the sale of assets held for sale and a net gain in the value of investments and options. Consolidated cash from operations before working capital 5 increased 3 percent from the prior quarter to $2.2 billion primarily due to higher net income. Consolidated net cash from operating activities increased 17 percent from the prior quarter to $2.4 billion primarily due to an increase in net cash from operations before working capital. A net working capital movement in the second quarter of $156 million primarily due to a decrease in accounts receivable of $215 million from the timing of cash collections and an accrual for future tax payments of $263 million. These favorable working capital adjustments were partially offset by the continued cash spend for previously accrued reclamation activities of $185 million, primarily related to the ongoing construction of the Yanacocha water treatment plants, a build in inventory and stockpiles of $61 million due to stockpile sequencing and an increase in other assets of $89 million primarily from higher prepaid expenses in the quarter. Income and mining cash tax paid increased 39 percent from the prior quarter to $648 million due to higher net income attributable to Newmont shareholders. Free Cash Flow 7 increased 42 percent from the prior quarter to $1.7 billion primarily due to an increase in consolidated net cash from operating activities compounded by lower capital investment. Balance sheet and liquidity remained strong in the second quarter, ending with $6.2 billion of consolidated cash, with $10.2 billion of total liquidity; reported net debt to adjusted EBITDA of 0.1x 8 . Non-Managed Joint Venture and Equity Method Investments 9 Nevada Gold Mines (NGM) attributable gold production increased 11 percent to 239 thousand ounces, with a 2 percent increase in CAS per ounce to $1,448 per ounce 3 . AISC per ounce decreased 1 percent from the prior quarter to $1,771 per ounce 3 . Pueblo Viejo (PV) attributable gold production increased 29 percent to 63 thousand ounces compared to the prior quarter. Cash distributions received for the Company's equity method investment in Pueblo Viejo totaled $40 million in the second quarter. Capital contributions of $13 million 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 second quarter of 2025 decreased 12 percent to 38 thousand ounces compared to the prior quarter. Cash distributions received from the Company's equity method investment in Fruta del Norte were $66 million for the second quarter. 1 Attributable gold production includes ounces from the Company's equity method investment in Pueblo Viejo (40%) and in Lundin Gold (32%). 2 Consolidated Costs applicable to sales (CAS) excludes Depreciation and amortization and Reclamation and remediation. 3 Non-GAAP measure. See end of this release for reconciliation to Costs applicable to sales. 4 Non-GAAP measure. See end of this release for reconciliation to Net income (loss) attributable to Newmont stockholders. 5 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 in the Condensed Consolidated Statements of Cash Flows. 6 Capital expenditures refers to Additions to property plant and mine development from the Consolidated Statements of Cash Flows. 7 Non-GAAP measure. See end of this release for reconciliation to Net cash provided by operating activities. 8 Non-GAAP measure. See end of this release for reconciliation. 9 Newmont has a 38.5% interest in Nevada Gold Mines, which is accounted for using the proportionate consolidation method. In addition, Newmont has a 40% interest in Pueblo Viejo, which is accounted for as an equity method investment, as well as a 32% interest in Lundin Gold, who wholly owns and operates the Fruta del Norte mine, which is accounted for as an equity method investment on a quarter lag. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         3      Newmont's 2025 Guidance Newmont remains on track to meet its previously published 2025 guidance. For more details, refer to the Company’s Fourth Quarter 2024 Earnings and 2025 Guidance press release, issued on February 20, 2025, and available on Newmont.com. Please see the cautionary statement and footnotes for additional information. Guidance Metric (+/-5%) a 2025E Attributable Gold Production (Moz) Managed Core Portfolio 4.2 Non-Managed Core Portfolio b 1.4 Total Core Portfolio 5.6 Non-Core Assets c 0.3 Total Newmont Attributable Gold Production (Moz) 5.9 Gold Co-Product CAS ($/oz) d Managed Core Portfolio $1,170 Non-Managed Core Portfolio b $1,240 Total Core Portfolio $1,180 Non-Core Assets $1,450 Total Newmont Gold CAS ($/oz) d $1,200 Gold Co-Product AISC ($/oz) d Managed Core Portfolio $1,630 Non-Managed Core Portfolio b $1,555 Total Core Portfolio $1,620 Non-Core Assets c $1,830 Total Newmont Gold AISC ($/oz) d $1,630 Sustaining Capital ($M) Managed Core Portfolio $1,530 Non-Managed Core Portfolio b $270 Total Core Portfolio $1,800 Non-Core Assets c $75 Total Newmont Sustaining Capital c $1,875 Development Capital ($M) Managed Core Portfolio $1,140 Non-Managed Core Portfolio b $160 Total Core 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% NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         4      2025 GOLD PRODUCTION AND CAPITAL SEASONALITY GUIDANCE AND THIRD QUARTER COMMENTARY Total Core Portfolio j H1 2025E H2 2025E Attributable Production 50% 50% Sustaining Capital 43% 57% Development Capital 49% 51% H1/H2 Commentary: Attributable gold production for the Core Portfolio in 2025 is expected to be approximately 50 percent weighted to the second half of the year. Production from Cadia and Peñasquito has been slightly stronger than expected in the first half of the year and is expected to decline in the second half. Increased production to offset those declines is expected in the second half of the year, primarily from the non-managed Nevada Gold Mines, Yanacocha, and the addition of Ahafo North in the fourth quarter. Sustaining capital for the Core Portfolio is now expected to be weighted toward the second half of 2025, with optimization of road access and pit design at Lihir ongoing and investment moving to the second half of the year, the increase of sustaining capital spend at Cadia to support the long life of the operation, as well as address the historical underinvestment in tailings storage capacity, the continuation of warmer weather surface work at Red Chris and Brucejack in Canada, and a ramp up of spend at Tanami for ventilation work. Development capital for the Core Portfolio is expected to increase in the second half of 2025 with the movement of non-critical path spend at Ahafo North as the project moves toward commercial production. Expenditures at Cadia and Tanami are expected to rise in H2 based on the timing of spend to support the major projects at those sites. Third Quarter Commentary: Third quarter attributable production from the Core Portfolio is expected to be relatively in line with the previous quarter as expected production growth from the non-operated joint ventures as well as Cerro Negro, Brucejack, and Tanami is offset by declines at Ahafo South, Lihir, Peñasquito and Cadia. CAS per ounce unit cost is expected to be similar to the second quarter. AISC per ounce from the Core Portfolio is expected to be slightly higher than full year guidance in the third quarter due to higher sustaining capital spend as full year AISC per ounce is expected to be in line with full year guidance. Sustaining capital is expected to increase significantly from the second quarter as planned investments increase. In the third quarter, no production or costs are anticipated from non-core assets divested in the first half of 2025. Compared to the previous quarter, third quarter free cash flow is expected to be adversely impacted by the higher capital spend, higher cash tax payments related to increased profitability in previous periods, and the continued increase in spending on construction of the Yanacocha water treatment facilities. a 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 is based upon certain assumptions, including, but not limited to, metal prices, oil prices, certain exchange rates and other assumptions. For example, 2025 Guidance assumes $2,500/oz Au, $9,370/tonne Cu, $30/oz Ag, $2,756/tonne Zn, $2,094/tonne Pb, $0.70 AUD/USD exchange rate, $0.75 CAD/USD exchange rate and $90/barrel WTI. Production, CAS, AISC and capital estimates exclude projects that have not yet been approved. The potential impact on inventory valuation as a result of lower prices, input costs, and project decisions are not included as part of this Outlook. Assumptions used for purposes of Guidance may prove to be incorrect and actual results may differ from those anticipated, including variation beyond a +/-5% range. See cautionary statement at the end of this release. b Guidance for Non-managed operations provided by joint venture or operating partners. c Guidance for non-core assets includes, Akyem, CC&V, Porcupine, Éléonore, and Musselwhite, and reflects attributable gold production, Gold CAS, Gold AISC, sustaining capital, and development capital for the first half of 2025 only. The sale of CC&V, Éléonore, and Musselwhite closed on February 28, 2025 and the sale of Akyem and Porcupine closed April 15, 2025. See cautionary statement at the end of this release. d Presented on a consolidated basis and assuming a gold price of $2,500/oz. e Sustaining capital is presented on an attributable basis; Capital guidance excludes amounts attributable to the Pueblo Viejo joint venture. f Depreciation & Amortization includes Q1 2025 only for non-core assets. g Reclamation and Remediation Accretion represents a subset of expenses within Reclamation and Remediation expense and is exclusive of Reclamation and Remediation adjustments and other within that income statement expense line item. Reclamation and Remediation Accretion includes Q1 2025 only for non-core assets. h The adjusted tax rate excludes certain items such as tax valuation allowance adjustments. i Assuming average prices of $2,500 per ounce for gold, $9,370 per tonne for copper, $30 per ounce for silver, $2,094 per tonne for lead, and $2,756 per tonne for zinc and achievement of current production, sales and cost estimates, Newmont estimates its consolidated adjusted effective tax rate related to continuing operations for 2025 will be 34%. j Total Core Portfolio includes the Managed Core Portfolio and the Non-Managed Core Portfolio and does not include non-core assets divested or held for sale. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         5      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, Newmont completed the sales for all non-core operations and its 70 percent interest in the Havieron project. Total gross proceeds from announced transactions are expected to be up to $4.3 billion including contingent payments and closing adjustments. Of the total proceeds, $2.5 billion of net cash proceeds have been received year-to-date in 2025 including approximately $850 million from the sale of Porcupine and Akyem in the second quarter. Additionally, since the last earnings call Newmont sold half of its equity stake in Greatland Resources (received from the sale of Telfer and Havieron in 2024) and its entire equity stake in Discovery Silver (received from the sale of Porcupine in 2025) for net proceeds after taxes and commissions of $470 million. 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 first half of 2025, Newmont spent $280 million on reclamation activities, including $167 million on the construction of water treatment plants at Yanacocha which is expected to continue to increase in the third quarter, 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 $600 million allocated to the Yanacocha water treatment plants. Additional updates on reclamation spend will be provided as available. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         6      2024 2025 Operating Results Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 YTD Attributable Sales (koz) Attributable gold ounces sold (1) 1,581  1,528  1,551  1,811  6,471  1,430  1,363  2,793  Average Realized Price ($/oz, $/lb) Average realized gold price $ 2,090  $ 2,347  $ 2,518  $ 2,643  $ 2,408  $ 2,944  $ 3,320  $ 3,128  Average realized copper price $ 3.72  $ 4.47  $ 4.31  $ 3.57  $ 4.00  $ 4.65  $ 4.37  $ 4.51  Average realized silver price $ 20.41  $ 26.20  $ 25.98  $ 25.15  $ 24.13  $ 30.12  $ 29.50  $ 29.80  Average realized lead price $ 0.92  $ 1.05  $ 0.86  $ 0.86  $ 0.91  $ 0.89  $ 0.88  $ 0.88  Average realized zinc price $ 0.92  $ 1.31  $ 1.14  $ 1.21  $ 1.14  $ 1.13  $ 1.13  $ 1.13  Attributable Gold Production (koz) Boddington 142  147  137  164  590  126  147  273  Tanami 90  99  102  117  408  78  90  168  Cadia 122  117  115  110  464  103  104  207  Lihir 181  141  129  163  614  164  160  324  Ahafo 190  184  213  211  798  205  197  402  Peñasquito 45  64  63  127  299  123  148  271  Cerro Negro 81  19  60  78  238  28  42  70  Yanacocha 91  78  93  92  354  105  131  236  Merian (75%) 57  46  43  59  205  47  40  87  Brucejack 37  60  89  72  258  41  50  91  Red Chris (70%) 6  9  9  16  40  14  15  29  Managed Core Portfolio 1,042   964   1,053   1,209   4,268   1,034   1,124   2,158   Nevada Gold Mines (38.5%) 264  253  242  280  1,039  216  239  455  Pueblo Viejo (40%) (2) 54  53  66  62  235  49  63  112  Fruta Del Norte ( 32% ) (3) 21  35  43  39  138  43  38  81  Non-Managed Core Portfolio 339   341   351   381   1,412   308   340   648   Total Core Portfolio 1,381   1,305   1,404   1,590   5,680   1,342   1,464   2,806   Non-Core Assets (4) 294   302   264   309   1,169   195   14   209   Total Attributable Gold Production 1,675   1,607   1,668   1,899   6,849   1,537   1,478   3,015   Co-Product Production Red Chris copper tonnes (thousands) 5  6  6  9  26  7  7  14  Boddington copper tonnes (thousands) 9  10  9  9  37  7  7  14  Cadia copper tonnes (thousands) 21  22  21  23  87  21  22  43  Telfer copper tonnes (thousands) (4) 1  —  1  1  3  —  —  —  Total copper tonnes (thousands) 36   38   37   42   153   35   36   71   Peñasquito silver ounces (millions) 9  8  7  9  33  6  8  14  Peñasquito lead tonnes (thousands) 28  20  19  29  96  22  27  49  Peñasquito zinc tonnes (thousands) 58  65  58  77  258  59  67  126  Gold Co-Product CAS Consolidated ($/oz) Boddington $ 1,016  $ 1,022  $ 1,098  $ 1,084  $ 1,056  $ 1,239  $ 1,207  $ 1,223  Tanami $ 902  $ 1,018  $ 979  $ 898  $ 947  $ 1,087  $ 1,278  $ 1,191  Cadia $ 648  $ 624  $ 723  $ 616  $ 653  $ 794  $ 805  $ 800  Lihir $ 936  $ 1,101  $ 1,619  $ 1,523  $ 1,270  $ 1,009  $ 1,287  $ 1,147  Ahafo $ 865  $ 976  $ 867  $ 916  $ 904  $ 1,238  $ 1,010  $ 1,124  Peñasquito $ 853  $ 827  $ 985  $ 630  $ 776  $ 898  $ 756  $ 823  Cerro Negro $ 861  $ 2,506  $ 1,535  $ 1,177  $ 1,325  $ 2,063  $ 2,118  $ 2,089  Yanacocha $ 972  $ 1,000  $ 1,072  $ 970  $ 1,003  $ 961  $ 882  $ 915  Merian (75%) $ 1,221  $ 1,546  $ 1,795  $ 1,334  $ 1,457  $ 1,497  $ 1,808  $ 1,679  Brucejack $ 2,175  $ 1,390  $ 970  $ 1,126  $ 1,254  $ 1,800  $ 1,861  $ 1,831  Red Chris (70%) $ 940  $ 951  $ 2,228  $ 901  $ 1,225  $ 1,106  $ 1,475  $ 1,290  Managed Core Portfolio $ 955   $ 1,053   $ 1,117   $ 1,021   $ 1,036   $ 1,150   $ 1,154   $ 1,152   Nevada Gold Mines (38.5%) $ 1,177  $ 1,220  $ 1,311  $ 1,177  $ 1,219  $ 1,426  $ 1,448  $ 1,437  Non-Managed Core Portfolio $ 1,177   $ 1,220   $ 1,311   $ 1,177   $ 1,219   $ 1,426   $ 1,448   $ 1,437   Total Core Portfolio $ 1,000   $ 1,087   $ 1,153   $ 1,050   $ 1,071   $ 1,198   $ 1,204   $ 1,202   Non-Core Assets (4) $ 1,306   $ 1,398   $ 1,474   $ 1,316   $ 1,370   $ 1,410   $ 2,032   $ 1,455   Total Gold co-product CAS (5) $ 1,057   $ 1,152   $ 1,207   $ 1,096   $ 1,126   $ 1,227   $ 1,215   $ 1,221   Gold By-Product CAS ($/oz) Red Chris $ (1,143) $ (2,556) $ 5,125  $ (1,333) $ (256) $ (1,200) $ 71  $ (586) Boddington $ 810  $ 750  $ 863  $ 916  $ 840  $ 970  $ 1,000  $ 985  Cadia $ (228) $ (626) $ (398) $ (173) $ (366) $ (643) $ (514) $ (575) Peñasquito $ (2,091) $ (2,047) $ (1,036) $ (1,587) $ (1,659) $ (949) $ (880) $ (912) Managed Core Portfolio $ 691   $ 635   $ 884   $ 677   $ 722   $ 733   $ 789   $ 763   Non-Managed Core Portfolio $ 1,177   $ 1,220   $ 1,311   $ 1,177   $ 1,219   $ 1,426   $ 1,448   $ 1,437   Total Core Portfolio $ 790   $ 756   $ 964   $ 768   $ 819   $ 854   $ 903   $ 880   Total Gold by-product CAS (5) $ 891   $ 892   $ 1,052   $ 862   $ 922   $ 930   $ 917   $ 924   NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         7      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  $ 6,738  $ 5,854  Boddington - copper ($/tonne) $ 5,192  $ 5,680  $ 5,605  $ 5,477  $ 5,480  $ 5,423  $ 5,163  $ 5,293  Cadia - copper ($/tonne) $ 3,271  $ 3,044  $ 3,774  $ 3,209  $ 3,321  $ 3,468  $ 3,517  $ 3,494  Telfer - copper ($/tonne) $ 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   $ 4,422   $ 4,307  Peñasquito- silver ($/ounce) $ 11  $ 12  $ 13  $ 8  $ 11  $ 10  $ 9  $ 10  Peñasquito - lead ($/tonne) $ 1,215  $ 1,355  $ 1,555  $ 904  $ 1,201  $ 997  $ 933  $ 965  Peñasquito - zinc ($/tonne) $ 1,764  $ 1,867  $ 1,944  $ 1,429  $ 1,729  $ 1,499  $ 1,376  $ 1,445  Gold Co-Product AISC Consolidated ($/oz) Boddington $ 1,242  $ 1,237  $ 1,398  $ 1,286  $ 1,288  $ 1,544  $ 1,422  $ 1,482  Tanami $ 1,149  $ 1,276  $ 1,334  $ 1,340  $ 1,281  $ 1,659  $ 1,698  $ 1,680  Cadia $ 989  $ 1,064  $ 1,078  $ 1,061  $ 1,048  $ 1,184  $ 1,109  $ 1,144  Lihir $ 1,256  $ 1,212  $ 1,883  $ 1,781  $ 1,512  $ 1,339  $ 1,563  $ 1,450  Ahafo $ 1,010  $ 1,123  $ 1,043  $ 1,113  $ 1,072  $ 1,462  $ 1,220  $ 1,341  Peñasquito $ 1,079  $ 1,038  $ 1,224  $ 818  $ 984  $ 1,091  $ 944  $ 1,013  Cerro Negro $ 1,120  $ 3,010  $ 1,878  $ 1,430  $ 1,631  $ 2,857  $ 3,023  $ 2,936  Yanacocha $ 1,123  $ 1,217  $ 1,285  $ 1,166  $ 1,196  $ 1,170  $ 1,144  $ 1,155  Merian (75%) $ 1,530  $ 2,170  $ 2,153  $ 1,656  $ 1,852  $ 1,864  $ 2,074  $ 1,986  Brucejack $ 2,580  $ 1,929  $ 1,197  $ 1,498  $ 1,603  $ 2,230  $ 2,490  $ 2,363  Red Chris (70%) $ 1,277  $ 1,613  $ 2,633  $ 1,131  $ 1,607  $ 1,322  $ 1,903  $ 1,611  Managed Core Portfolio $ 1,327   $ 1,461   $ 1,509   $ 1,411   $ 1,426   $ 1,596   $ 1,542   $ 1,568   Nevada Gold Mines (38.5%) $ 1,576  $ 1,689  $ 1,675  $ 1,492  $ 1,605  $ 1,789  $ 1,771  $ 1,780  Non-Managed Core Portfolio $ 1,576   $ 1,689   $ 1,675   $ 1,492   $ 1,605   $ 1,789   $ 1,771   $ 1,780   Total Core Portfolio $ 1,378   $ 1,508   $ 1,540   $ 1,425   $ 1,461   $ 1,630   $ 1,582   $ 1,605   Non-Core Assets (4) $ 1,712   $ 1,770   $ 1,967   $ 1,634   $ 1,762   $ 1,787   $ 2,550   $ 1,843   Total Gold Co-product AISC (5) $ 1,439   $ 1,562   $ 1,611   $ 1,463   $ 1,516   $ 1,651   $ 1,593   $ 1,623   Gold By-Product AISC ($/oz) Red Chris $ 857  $ 778  $ 7,250  $ (333) $ 1,692  $ (467) $ 1,357  $ 414  Boddington $ 1,085  $ 1,044  $ 1,226  $ 1,179  $ 1,134  $ 1,348  $ 1,250  $ 1,298  Cadia $ 535  $ 293  $ 159  $ 750  $ 425  $ 133  $ 92  $ 111  Peñasquito $ (91) $ (859) $ 411  $ (810) $ (476) $ (254) $ (406) $ (335) Managed Core Portfolio $ 1,212   $ 1,211   $ 1,401   $ 1,203   $ 1,256   $ 1,309   $ 1,276   $ 1,292   Non-Managed Core Portfolio $ 1,576   $ 1,689   $ 1,675   $ 1,492   $ 1,605   $ 1,789   $ 1,771   $ 1,780   Total Core Portfolio $ 1,286   $ 1,310   $ 1,452   $ 1,256   $ 1,324   $ 1,394   $ 1,360   $ 1,376   Total Gold By-product AISC (5) $ 1,373   $ 1,412   $ 1,542   $ 1,319   $ 1,408   $ 1,447   $ 1,375   $ 1,411   Co-Product AISC ($/unit) Red Chris - copper ($/tonne) $ 7,718  $ 8,599  $ 14,960  $ 6,007  $ 9,037  $ 6,053  $ 8,550  $ 7,287  Boddington - copper ($/tonne) $ 5,959  $ 6,914  $ 6,436  $ 6,545  $ 6,462  $ 6,760  $ 5,917  $ 6,338  Cadia - copper ($/tonne) $ 5,659  $ 5,644  $ 4,849  $ 5,612  $ 5,442  $ 5,316  $ 4,909  $ 5,098  Telfer - copper ($/tonne) $ 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   $ 6,068   $ 6,042  Peñasquito - silver ($/ounce) $ 15  $ 15  $ 17  $ 11  $ 14  $ 13  $ 12  $ 12  Peñasquito - lead ($/tonne) $ 1,500  $ 1,601  $ 1,879  $ 1,132  $ 1,467  $ 1,185  $ 1,146  $ 1,165  Peñasquito - zinc ($/tonne) $ 2,368  $ 2,498  $ 2,614  $ 2,015  $ 2,350  $ 2,026  $ 1,659  $ 1,866  ____________________________ (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 asset divestitures which closed prior to June 30, 2025 including: Telfer, CC&V, Musselwhite, Éléonore, Akyem, and Porcupine. See Divestiture Program Update in this release for further details. (5) Non-GAAP measure. See end of this release for reconciliation. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         8      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  $ 5,317  $ 10,327  Costs and expenses: Costs applicable to sales (2) 2,106  2,156  2,310  2,391  8,963  2,106  2,001  4,107  Depreciation and amortization 654  602  631  689  2,576  593  620  1,213  Reclamation and remediation 98  94  132  4  328  93  83  176  Exploration 53  57  74  82  266  49  61  110  Advanced projects, research and development 53  49  47  48  197  43  40  83  General and administrative 101  100  113  128  442  110  95  205  (Gain) loss on sale of assets held for sale 485  246  115  268  1,114  (276) (699) (975) Impairment charges 12  9  18  39  78  15  9  24  Other expense, net 61  50  37  43  191  28  39  67  3,623  3,363  3,477  3,692  14,155  2,761  2,249  5,010  Other income (expense): Change in fair value of investments and options 31  (9) 17  23  62  291  151  442  Other income (loss), net 90  109  —  164  363  10  (36) (26) Interest expense, net of capitalized interest (93) (103) (86) (93) (375) (79) (65) (144) 28  (3) (69) 94  50  222  50  272  Income (loss) before income and mining tax and other items 428  1,036  1,059  2,054  4,577  2,471  3,118  5,589  Income and mining tax benefit (expense) (260) (191) (244) (702) (1,397) (647) (1,092) (1,739) Equity income (loss) of affiliates 7  (3) 60  69  133  78  49  127  Net income (loss) from continuing operations 175  842  875  1,421  3,313  1,902  2,075  3,977  Net income (loss) from discontinued operations 4  15  49  —  68  —  —  —  Net income (loss) 179  857  924  1,421  3,381  1,902  2,075  3,977  Net loss (income) attributable to noncontrolling interests (3) (9) (4) (2) (18) (33) (11) (14) (25) Net income (loss) attributable to Newmont stockholders $ 170  $ 853  $ 922  $ 1,403  $ 3,348  $ 1,891  $ 2,061  $ 3,952  Net income (loss) attributable to Newmont stockholders: Continuing operations $ 166  $ 838  $ 873  $ 1,403  $ 3,280  $ 1,891  $ 2,061  $ 3,952  Discontinued operations 4  15  49  —  68  —  —  —  $ 170  $ 853  $ 922  $ 1,403  $ 3,348  $ 1,891  $ 2,061  $ 3,952  Weighted average common shares (millions): Basic 1,153  1,153  1,147  1,133  1,146  1,126  1,110  1,118  Effect of employee stock-based awards —  2  2  2  2  1  2  2  Diluted 1,153  1,155  1,149  1,135  1,148  1,127  1,112  1,120  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  $ 1.86  $ 3.53  Discontinued operations —  0.01  0.04  —  0.06  —  —  —  $ 0.15  $ 0.74  $ 0.80  $ 1.24  $ 2.92  $ 1.68  $ 1.86  $ 3.53  Diluted: Continuing operations $ 0.15  $ 0.73  $ 0.76  $ 1.24  $ 2.86  $ 1.68  $ 1.85  $ 3.53  Discontinued operations —  0.01  0.04  —  0.06  —  —  —  $ 0.15  $ 0.74  $ 0.80  $ 1.24  $ 2.92  $ 1.68  $ 1.85  $ 3.53  ____________________________ (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 SECOND QUARTER 2025 RESULTS | NEWS RELEASE         9      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  $ 6,185  Trade receivables 782  955  974  1,056  887  637  Investments 23  50  43  21  18  468  Inventories 1,385  1,467  1,487  1,423  1,493  1,500  Stockpiles and ore on leach pads 745  681  688  761  792  767  Other current assets 879  945  795  786  653  740  Assets held for sale 5,656  5,370  5,574  4,609  2,199  102  Current assets 11,806  12,070  12,577  12,275  10,740  10,399  Property, plant and mine development, net 33,564  33,655  33,697  33,547  33,568  33,591  Investments 4,138  4,141  4,150  4,471  4,856  4,455  Stockpiles and ore on leach pads 1,837  2,002  2,114  2,266  2,409  2,540  Deferred income tax assets 210  273  229  124  59  55  Goodwill 2,792  2,792  2,721  2,658  2,658  2,658  Derivative assets 412  181  161  142  344  443  Other non-current assets 576  564  526  866  885  1,024  Total assets $ 55,335  $ 55,678  $ 56,175  $ 56,349  $ 55,519  $ 55,165  LIABILITIES Accounts payable $ 698  $ 683  $ 772  $ 843  $ 771  $ 742  Employee-related benefits 414  457  542  630  502  562  Income and mining taxes payable 136  264  317  381  378  705  Lease and other financing obligations 99  104  112  107  109  112  Debt —  —  —  924  —  —  Other current liabilities 1,784  1,819  2,081  2,481  2,357  2,544  Liabilities held for sale 2,351  2,405  2,584  2,177  1,309  5  Current liabilities 5,482  5,732  6,408  7,543  5,426  4,670  Debt 8,933  8,692  8,550  7,552  7,507  7,132  Lease and other financing obligations 436  429  437  389  370  363  Reclamation and remediation liabilities 6,652  6,620  6,410  6,394  6,376  6,216  Deferred income tax liabilities 3,094  3,046  2,883  2,820  2,733  2,890  Employee-related benefits 610  616  632  555  575  596  Silver streaming agreement 753  733  721  699  671  646  Other non-current liabilities 300  247  238  288  430  365  Total liabilities 26,260  26,115  26,279  26,240  24,088  22,878  EQUITY Common stock 1,855  1,851  1,840  1,813  1,803  1,772  Treasury stock (274) (274) (276) (278) (293) (294) Additional paid-in capital 30,436  30,394  30,228  29,808  29,624  29,141  Accumulated other comprehensive income (loss) (16) (7) 21  (95) (39) 44  Retained earnings (Accumulated deficit) (3,111) (2,585) (2,101) (1,320) 153  1,449  Newmont stockholders' equity 28,890  29,379  29,712  29,928  31,248  32,112  Noncontrolling interests 185  184  184  181  183  175  Total equity 29,075  29,563  29,896  30,109  31,431  32,287  Total liabilities and equity $ 55,335  $ 55,678  $ 56,175  $ 56,349  $ 55,519  $ 55,165  ____________________________ (1) Certain amounts have been reclassified to conform to the current presentation. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         10      NEWMONT CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited, in millions) 2024 (1) 2025 (1) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 YTD Operating activities: Net income (loss) $ 179  $ 857  $ 924  $ 1,421  $ 3,381  $ 1,902  $ 2,075  $ 3,977  Non-cash adjustments: Depreciation and amortization 654  602  631  689  2,576  593  620  1,213  (Gain) loss on sale of assets held for sale 485  246  115  268  1,114  (276) (699) (975) Change in fair value of investments and options (31) 9  (17) (23) (62) (291) (151) (442) Net (income) loss from discontinued operations (4) (15) (49) —  (68) —  —  —  Deferred income taxes 53  (95) 7  115  80  125  217  342  Reclamation and remediation 94  88  124  (4) 302  89  77  166  Stock-based compensation 21  23  22  23  89  21  27  48  (Gain) loss on asset and investment sales (9) (55) 28  1  (35) 5  2  7  Impairment charges 12  9  18  39  78  15  9  24  Other non-cash adjustments (12) (12) 43  (131) (112) (11) 51  40  Cash from operations before working capital (2) 1,442  1,657  1,846  2,398  7,343  2,172  2,228  4,400  Change in operating assets and liabilities: Trade and other receivables (84) (140) (83) (134) (441) 228  215  443  Inventories, stockpiles and ore on leach pads (193) (185) (202) 46  (534) (175) (61) (236) Other assets (7) 63  7  1  64  (9) (89) (98) Accounts payable (91) (32) 69  52  (2) (69) (30) (99) Reclamation and remediation liabilities (59) (107) (107) (160) (433) (95) (185) (280) Accrued tax liabilities (3) 90  52  (60) 153  235  91  263  354  Other accrued liabilities (322) 86  167  155  86  (112) 43  (69) Net change in operating assets and liabilities (666) (263) (209) 113  (1,025) (141) 156  15  Net cash provided by (used in) operating activities of continuing operations 776  1,394  1,637  2,511  6,318  2,031  2,384  4,415  Net cash provided by (used in) operating activities of discontinued operations —  34  11  —  45  —  —  —  Net cash provided by (used in) operating activities 776   1,428   1,648   2,511   6,363   2,031   2,384   4,415   Investing activities: Proceeds from sales of mining operations and other assets, net —  180  150  230  560  1,684  991  2,675  Additions to property, plant and mine development (850) (800) (877) (875) (3,402) (826) (674) (1,500) Proceeds from sales of investment 3  9  3  6  21  7  367  374  Contributions to equity method investees (15) (5) (15) (61) (96) (31) (17) (48) Return of investment from equity method investees 25  16  14  1  56  20  24  44  Purchases of investments —  (60) (2) (4) (66) (1) (12) (13) Maturities of investments —  —  28  —  28  —  —  —  Other 39  19  (16) 2  44  (115) —  (115) Net cash provided by (used in) investing activities of continuing operations (798) (641) (715) (701) (2,855) 738  679  1,417  Net cash provided by (used in) investing activities of discontinued operations —  —  153  —  153  —  —  —  Net cash provided by (used in) investing activities (798) (641) (562) (701) (2,702) 738   679   1,417   Financing activities: Repayment of debt (3,423) (227) (133) (77) (3,860) (985) (398) (1,383) Repurchases of common stock —  (104) (344) (798) (1,246) (348) (1,011) (1,359) Dividends paid to common stockholders (288) (289) (286) (282) (1,145) (282) (279) (561) Distributions to noncontrolling interests (41) (36) (36) (48) (161) (44) (56) (100) Funding from noncontrolling interests 22  31  34  28  115  39  31  70  Payments on lease and other financing obligations (18) (22) (22) (25) (87) (23) (23) (46) Payments for withholding of employee taxes related to stock-based compensation (10) —  (2) (2) (14) (15) (1) (16) Proceeds from issuance of debt, net 3,476  —  —  —  3,476  —  —  —  Other (17) (11) —  (3) (31) (4) (8) (12) Net cash provided by (used in) financing activities (299) (658) (789) (1,207) (2,953) (1,662) (1,745) (3,407) Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) (11) (1) (5) (20) (5) 10  5  Net change in cash, cash equivalents and restricted cash, including cash and restricted cash reclassified to assets held for sale (324) 118  296  598  688  1,102  1,328  2,430  Less: change in cash and restricted cash reclassified to assets held for sale (4) (395) 137  118  2  (138) (22) 160  138  Net change in cash, cash equivalents and restricted cash (719) 255  414  600  550  1,080  1,488  2,568  Cash, cash equivalents and restricted cash at beginning of period 3,100  2,381  2,636  3,050  3,100  3,650  4,730  3,650  Cash, cash equivalents and restricted cash at end of period $ 2,381   $ 2,636   $ 3,050   $ 3,650   $ 3,650   $ 4,730   $ 6,218   $ 6,218   Reconciliation of cash, cash equivalents and restricted cash: Cash and cash equivalents $ 2,336  $ 2,602  $ 3,016  $ 3,619  $ 3,619  $ 4,698  $ 6,185  $ 6,185  Restricted cash included in Other current assets 6  6  3  1  1  1  2  2  Restricted cash included in Other non-current assets 39  28  31  30  30  31  31  31  Total cash, cash equivalents and restricted cash $ 2,381  $ 2,636  $ 3,050  $ 3,650  $ 3,650  $ 4,730  $ 6,218  $ 6,218  NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         11      ____________________________ (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, of $1,113 for the six months ended June 30, 2025 is comprised of $465 and $648 for the first and second quarter, respectively. (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. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         12      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: Three Months Ended June 30, 2025 Six Months Ended June 30, 2025 per share data (1) per share data (1) basic diluted basic diluted Net income (loss) attributable to Newmont stockholders $ 2,061  $ 1.86  $ 1.85  $ 3,952  $ 3.53  $ 3.53  Adjustments: (Gain) loss on sale of assets held for sale (2) (699) (0.63) (0.63) (975) (0.87) (0.87) Change in fair value of investments and options (3) (151) (0.14) (0.14) (442) (0.39) (0.39) (Gain) loss on debt extinguishment (4) 18  0.02  0.02  28  0.03  0.03  Restructuring and severance (5) 15  0.01  0.01  24  0.02  0.02  Impairment charges (6) 8  0.01  0.01  23  0.02  0.02  (Gain) loss on asset and investment sales (7) 2  —  —  7  —  —  Newcrest transaction and integration costs (8) (10) (0.01) (0.01) (6) —  —  Settlement costs (9) —  —  —  3  —  —  Other (10) 10  0.01  0.01  17  0.01  0.01  Tax effect of adjustments (11) 173  0.16  0.16  370  0.33  0.33  Valuation allowance and other tax adjustments (12) 167  0.15  0.15  (3) —  —  Adjusted net income (loss) $ 1,594  $ 1.44  $ 1.43  $ 2,998  $ 2.68  $ 2.68  Weighted average common shares (millions): (13) 1,110  1,112  1,118  1,120  ____________________________ (1) Per share measures may not recalculate due to rounding. (2) Primarily consists of the gain on the divestments of certain non-core assets; 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 consists of the realized gain on the sale of Greatland shares and unrealized gains and losses related to the Company's marketable and other equity securities; included in Other income (loss), net. (4) Represents the loss on the redemption of the 2026 Senior Notes and on the partial redemption of certain other senior notes; included in Other income (loss), net . Refer to Note 15 to the Condensed Consolidated Financial Statements for further information. (5) 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 . (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. Amounts are presented net of Net loss (income) attributable to noncontrolling interests of $(1) and $(1), respectively. (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 and includes a gain related to reduction of the stamp duty tax liability; included in Other expense, net . (9) Primarily consists of litigation expenses and other settlements; included in Other expense, net . (10) Primarily 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 and six months ended June 30, 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 $146 and $(51), the effects of changes in foreign exchange rates on deferred tax assets and liabilities of $11 and $3, net reductions to the reserve for uncertain tax positions of $8 and $(6), recording of a deferred tax liability for the outside basis difference at Akyem of $(2) and $— due to the status change to held for sale, and other tax adjustments of $4 and $51. 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. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         13      Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 per share data (1) per share data (1) basic diluted basic diluted Net income (loss) attributable to Newmont stockholders $ 853  $ 0.74  $ 0.74  $ 1,023  $ 0.89  $ 0.89  Net loss (income) attributable to Newmont stockholders from discontinued operations (15) (0.01) (0.01) (19) (0.02) (0.02) Net income (loss) attributable to Newmont stockholders from continuing operations 838  0.73  0.73  1,004  0.87  0.87  Adjustments: (Gain) loss on sale of assets held for sale (2) 246  0.22  0.22  731  0.63  0.63  (Gain) loss on asset and investment sales (3) (55) (0.05) (0.05) (64) (0.06) (0.06) Newcrest transaction and integration costs (4) 16  0.01  0.01  45  0.04  0.04  Settlement costs (5) 5  —  —  26  0.03  0.03  Change in fair value of investments and options (6) 9  0.01  0.01  (22) (0.01) (0.01) Impairment charges (7) 9  0.01  0.01  21  0.02  0.02  Restructuring and severance (8) 9  0.01  0.01  15  0.01  0.01  (Gain) loss on debt extinguishment (9) (14) (0.01) (0.01) (14) (0.01) (0.01) Reclamation and remediation charges (10) —  —  —  6  —  —  Tax effect of adjustments (11) (87) (0.07) (0.07) (234) (0.20) (0.20) Valuation allowance and other tax adjustments (12) (142) (0.14) (0.14) (50) (0.05) (0.05) Adjusted net income (loss) $ 834  $ 0.72  $ 0.72  $ 1,464  $ 1.27  $ 1.27  Weighted average common shares (millions): (13) 1,153  1,155  1,153  1,154  ____________________________ (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 the gain recognized on the sale of the Stream Credit Facility Agreement ("SCFA") in the second quarter; included in Other income (loss), net . Refer to Note 8 to the Condensed Consolidated Financial Statements for further information. (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) 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. (7) Represents non-cash write-downs of various assets that are no longer in use and materials and supplies inventories; included in Other expense, 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) Primarily represents the net gain on the partial redemption of certain other senior notes in the second quarter; included in Other income (loss), net . Refer to Note 15 to the Condensed Consolidated Financial Statements for further information. (10) Represents 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. (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 and six months ended June 30, 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 $20 and $(45), the effects of changes in foreign exchange rates on deferred tax assets and liabilities of $(93) and $(58), net reductions to the reserve for uncertain tax positions of $(50) and $(52), recording of a deferred tax liability for the outside basis difference at Akyem of $(37) and $80 due to the status change to held-for-sale, and other tax adjustments of $18 and $25. 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. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         14      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: Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net income (loss) attributable to Newmont stockholders $ 2,061  $ 853  $ 3,952  $ 1,023  Net income (loss) attributable to noncontrolling interests 14  4  25  13  Net (income) loss from discontinued operations —  (15) —  (19) Equity loss (income) of affiliates (49) 3  (127) (4) Income and mining tax expense (benefit) 1,092  191  1,739  451  Depreciation and amortization 620  602  1,213  1,256  Interest expense, net of capitalized interest 65  103  144  196  EBITDA 3,803  1,741  6,946  2,916  Adjustments: (Gain) loss on assets held for sale (1) (699) 246  (975) 731  Change in fair value of investments and options (2) (151) 9  (442) (22) (Gain) loss on debt extinguishment (3) 18  (14) 28  (14) Restructuring and severance (4) 15  9  24  15  Impairment charges (5) 9  9  24  21  (Gain) loss on asset and investment sales (6) 2  (55) 7  (64) Newcrest transaction and integration costs (7) (10) 16  (6) 45  Settlement costs (8) —  5  3  26  Reclamation and remediation charges (9) —  —  —  6  Other (10) 10  —  17  —  Adjusted EBITDA $ 2,997  $ 1,966  $ 5,626  $ 3,660  ____________________________ (1) Primarily consists of the gain on the sales of certain non-core assets in 2025 and the write-downs on assets held for sale in 2024; included in (Gain) loss on sale of assets held for sale . Refer to Note 3 to the Condensed Consolidated Financial Statements for further information. (2) Primarily consists of the realized gain on the sale of Greatland shares in 2025 and unrealized gains and losses related to the Company's marketable and other equity securities in 2025 and 2024; included in Other income (loss), net. (3) Represents the loss on the redemption of the 2026 Senior Notes and on the partial redemption of certain other senior notes in 2025; included in Other income (loss), net . Refer to Note 15 to the Condensed Consolidated Financial Statements for further information. (4) 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 . (5) Represents non-cash write-downs of various assets that are no longer in use and materials and supplies inventories; included in Other expense, net. (6) Primarily represents gains and losses related to the sale of certain assets and investments in 2025; in 2024, primarily represents the gain recognized on the sale of the SCFA in the second quarter. Included in Other income (loss), net . Refer to Note 8 to the Condensed Consolidated Financial Statements for further information. (7) Represents costs incurred related to the Newcrest transaction; included in Other expense, net . In 2025, includes a gain recognized on the reduction of the stamp duty tax liability incurred as a result of the Newcrest transaction. (8) Primarily consists of litigation expenses and other settlements in 2025 and wind-down and demobilization costs related to the French Guiana project in 2024; 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) Primarily represents costs incurred related to transition service agreements for divested reportable segments in 2025; included in Other income (loss), net. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         15      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. Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net cash provided by (used in) operating activities $ 2,384  $ 1,428  $ 4,415  $ 2,204  Less: Net cash used in (provided by) operating activities of discontinued operations —  (34) —  (34) Net cash provided by (used in) operating activities of continuing operations 2,384  1,394  4,415  2,170  Less: Additions to property, plant and mine development (674) (800) (1,500) (1,650) Free cash flow $ 1,710  $ 594  $ 2,915  $ 520  Net cash provided by (used in) investing activities (1) $ 679  $ (641) $ 1,417  $ (1,439) Net cash provided by (used in) financing activities $ (1,745) $ (658) $ (3,407) $ (957) ____________________________ (1) Net cash provided by (used in) investing activities includes Additions to property, plant and mine development, which is included in the Company’s computation of Free cash flow. 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. At June 30, 2025 At December 31, 2024 Debt $ 7,132  $ 8,476  Lease and other financing obligations 475  496  Less: Cash and cash equivalents (6,185) (3,619) Less: Cash and cash equivalents included in assets held for sale (1) —  (45) Net debt $ 1,422  $ 5,308  ____________________________ (1) 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 Cash and cash equivalents was reclassified to Assets held for sale . At June 30, 2025, no amounts relating to Cash and cash equivalents and restricted cash remain in Assets held for sale . Refer to Note 3 to the Condensed Consolidated Financial Statements for additional information. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         16      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 ounce Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Costs applicable to sales (1)(2) $ 1,677  $ 1,777  $ 3,446  $ 3,467  Gold sold (thousand ounces) 1,380  1,543  2,822  3,142  Costs applicable to sales per ounce (3) $ 1,215  $ 1,152  $ 1,221  $ 1,103  ____________________________ (1) Includes by-product credits of $52 and $45 during the three months ended June 30, 2025 and 2024, respectively, and $99 and $84 during the six months ended June 30, 2025 and 2024, respectively. (2) Excludes Depreciation and amortization and Reclamation and remediation . (3) Per ounce measures may not recalculate due to rounding. Costs applicable to sales per gold equivalent ounce Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Costs applicable to sales (1)(2) $ 324  $ 379  $ 661  $ 795  Gold equivalent ounces sold - other metals (thousand ounces) (3) 361  453  729  955  Costs applicable to sales per gold equivalent ounce (4) $ 899  $ 836  $ 907  $ 832  ____________________________ (1) Includes by-product credits of $22 and $15 for the three months ended June 30, 2025 and 2024, respectively, and $39 and $30 during the six months ended June 30, 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. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         17      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. Three Months Ended June 30, 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 $ 201  $ 4  $ 3  $ —  $ 2  $ —  $ 34  $ 244  200  $ 1,220  Brucejack 91  2  3  —  —  —  25  121  49  $ 2,490  Red Chris 22  —  —  —  —  —  6  28  14  $ 1,903  Peñasquito 100  4  —  —  —  5  16  125  133  $ 944  Merian 122  2  4  —  —  —  12  140  67  $ 2,074  Cerro Negro 72  2  —  —  —  —  29  103  34  $ 3,023  Yanacocha 119  15  —  —  16  —  4  154  136  $ 1,144  Boddington 169  6  —  —  —  1  24  200  140  $ 1,422  Tanami 115  1  1  —  —  —  36  153  90  $ 1,698  Cadia 88  —  —  —  —  1  32  121  109  $ 1,109  Lihir 202  3  2  —  —  —  38  245  156  $ 1,563  NGM 343  5  4  2  3  1  60  418  237  $ 1,771  Corporate and Other (10) —  —  17  78  10  —  2  107  —  $ —  Divested (11) Porcupine 16  1  —  —  1  —  4  22  9  $ 2,233  Akyem 17  1  —  —  —  —  —  18  6  $ 3,145  Total Gold 1,677  46  34  80  32  8  322  2,199  1,380  $ 1,593  Gold equivalent ounces - other metals (12)(13) Red Chris 46  2  —  —  —  (1) 11  58  31  $ 1,884  Peñasquito (14) 158  6  —  —  —  7  25  196  190  $ 1,030  Boddington 38  —  —  —  —  —  4  42  33  $ 1,304  Cadia 82  —  1  —  —  1  31  115  107  $ 1,082  Corporate and Other (10) —  —  5  15  2  —  —  22  —  $ —  Total Gold Equivalent Ounces 324  8  6  15  2  7  71  433  361  $ 1,203  Consolidated $ 2,001  $ 54  $ 40  $ 95  $ 34  $ 15  $ 393  $ 2,632  ____________________________ (1) Excludes Depreciation and amortization and Reclamation and remediation . (2) Includes by-product credits of $74. (3) Includes stockpile, leach pad, and product inventory adjustments of $10 at NGM. (4) Includes operating accretion of $28, included in Reclamation and remediation , and amortization of asset retirement costs of $26; 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 $50 and $5, respectively, included in Reclamation and remediation . (5) Excludes development expenditures of $12 at Ahafo, $3 at Red Chris, $4 at Peñasquito, $9 at Merian, $6 at Cerro Negro, $3 at Yanacocha, $3 at Tanami, $3 at Cadia, $2 at NGM, $16 at Corporate and Other, totaling $61 related to developing new operations or major projects at existing operations where these projects will materially benefit the operation. (6) Excludes restructuring and severance of $15, Newcrest transaction and integration costs of $(10), and impairment charges of $9; 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 $19. (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) Refer to Note 3 to the Condensed Consolidated Financial Statements for information on the Company's divestitures. (12) Gold equivalent ounces is calculated as pounds or ounces produced multiplied by the ratio of the other metals price to the gold price, using Gold ($1,700/oz.), Copper ($3.50/lb.), Silver ($20.00/oz.), Lead ($0.90/lb.) and Zinc ($1.20/lb.) pricing for 2025. (13) For the three months ended June 30, 2025, Red Chris sold 7 thousand tonnes of copper, Peñasquito sold 7 million ounces of silver, 23 thousand tonnes of lead and 56 thousand tonnes of zinc, Boddington sold 7 thousand tonnes of copper, and Cadia sold 23 thousand tonnes of copper. (14) All-in sustaining costs at Peñasquito is comprised of $76, $26, and $94 for silver, lead, and zinc, respectively. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         18      Three Months Ended June 30, 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 $ 176  $ 5  $ 3  $ —  $ 1  $ —  $ 17  $ 202  180  $ 1,123  Brucejack 64  —  1  —  —  2  21  88  46  $ 1,929  Red Chris 7  —  1  —  —  1  5  14  9  $ 1,613  Peñasquito 53  2  —  —  —  4  8  67  64  $ 1,038  Merian 96  2  3  —  —  —  33  134  61  $ 2,170  Cerro Negro 70  1  1  —  —  —  12  84  27  $ 3,010  Yanacocha 77  7  4  —  1  —  5  94  78  $ 1,217  Boddington 139  3  1  —  —  4  21  168  136  $ 1,237  Tanami 101  —  2  —  —  —  23  126  99  $ 1,276  Cadia 77  1  2  —  1  6  44  131  123  $ 1,064  Lihir 162  1  4  —  5  —  7  179  148  $ 1,212  NGM 307  5  4  2  1  1  106  426  252  $ 1,689  Corporate and Other (10) —  —  29  92  5  —  4  130  —  $ —  Held for sale (11) CC&V 45  3  1  —  —  —  8  57  33  $ 1,700  Musselwhite 56  1  1  —  (1) —  21  78  56  $ 1,397  Porcupine 94  2  —  —  —  —  24  120  87  $ 1,366  Éléonore 89  1  1  —  —  —  29  120  63  $ 1,900  Telfer (12) 83  3  2  —  4  2  7  101  33  $ 3,053  Akyem 81  3  —  —  —  —  7  91  48  $ 1,952  Total Gold 1,777  40  60  94  17  20  402  2,410  1,543  $ 1,562  Gold equivalent ounces - other metals (13)(14) Red Chris 33  —  1  —  —  5  17  56  36  $ 1,560  Peñasquito (15) 218  7  —  —  2  24  29  280  241  $ 1,164  Boddington 49  1  —  —  —  4  6  60  47  $ 1,254  Cadia 67  1  2  —  1  22  33  126  123  $ 1,024  Corporate and Other (10) —  —  3  6  —  —  —  9  —  $ —  Held for sale (12) Telfer 12  —  —  —  —  3  1  16  6  $ 2,742  Total Gold Equivalent Ounces 379  9  6  6  3  58  86  547  453  $ 1,207  Consolidated $ 2,156  $ 49  $ 66  $ 100  $ 20  $ 78  $ 488  $ 2,957  ____________________________ (1) Excludes Depreciation and amortization and Reclamation and remediation . (2) Includes by-product credits of $60. (3) Includes stockpile, leach pad, and product inventory adjustments of $9 at Cerro Negro and $11 at NGM. (4) Includes operating accretion of $34, included in Reclamation and remediation , and amortization of asset retirement costs of $15; 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 $6, respectively, included in Reclamation and remediation . (5) Excludes development expenditures of $9 at Ahafo, $3 at Peñasquito, $2 at Merian, $2 at Cerro Negro, $5 at Tanami, $3 at NGM, $14 at Corporate and Other, $1 at CC&V, and $1 at Porcupine, totaling $40 related to developing new operations or major projects at existing operations where these projects will materially benefit the operation. (6) Excludes Newcrest transaction and integration costs of $16, impairment charges of $9, restructuring and severance of $9, settlements costs of $5; 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 $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 June 30, 2024. Refer to Note 3 to the Condensed Consolidated Financial Statements for further information. (12) During the second quarter of 2024, seepage points were detected on the outer wall and around the tailings storage facility at Telfer and the Company temporarily ceased placing new tailings on the facility. Production resumed during the third quarter of 2024. The Company completed the sale of Telfer in the fourth quarter of 2024. (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 June 30, 2024, Red Chris sold 6 thousand tonnes of copper, Peñasquito sold 8 million ounces of silver, 20 thousand tonnes of lead and 52 thousand tonnes of zinc, Boddington sold 9 thousand tonnes of copper, Cadia sold 23 thousand tonnes of copper, and Telfer sold 1 thousand tonnes of copper. (15) All-in sustaining costs as Peñasquito is comprised of $121, $31, and $128 for silver, lead, and zinc, respectively. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         19      Six Months Ended June 30, 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 $ 448  $ 8  $ 5  $ —  $ 2  $ —  $ 72  $ 535  399  $ 1,341  Brucejack 174  3  5  —  —  1  41  224  95  $ 2,363  Red Chris 38  1  —  —  —  —  8  47  29  $ 1,611  Peñasquito 206  8  —  —  —  13  27  254  251  $ 1,013  Merian 194  4  4  —  —  —  27  229  115  $ 1,986  Cerro Negro (10) 150  4  1  —  1  —  55  211  72  $ 2,936  Yanacocha 212  26  —  —  24  —  5  267  232  $ 1,155  Boddington 336  11  1  —  —  2  58  408  275  $ 1,482  Tanami 197  2  3  —  —  —  76  278  165  $ 1,680  Cadia 165  1  —  —  —  3  68  237  207  $ 1,144  Lihir 363  7  3  —  —  —  86  459  316  $ 1,450  NGM 651  9  5  5  3  3  130  806  453  $ 1,780  Corporate and Other (11) —  —  46  170  13  —  4  233  —  $ —  Divested (12) CC&V 39  2  —  —  —  —  5  46  27  $ 1,684  Musselwhite 33  1  —  —  —  —  14  48  32  $ 1,531  Porcupine 79  3  1  —  1  —  25  109  60  $ 1,810  Éléonore 54  1  2  —  —  —  12  69  49  $ 1,403  Akyem 107  5  —  —  —  —  8  120  45  $ 2,664  Total Gold 3,446  96  76  175  44  22  721  4,580  2,822  $ 1,623  Gold equivalent ounces - other metals (13)(14) Red Chris 81  3  —  —  —  —  17  101  63  $ 1,605  Peñasquito (15) 351  12  —  1  —  35  49  448  402  $ 1,114  Boddington 76  1  —  —  —  1  12  90  65  $ 1,396  Cadia 153  1  1  —  —  3  65  223  199  $ 1,123  Corporate and Other (11) —  —  10  29  2  —  —  41  —  $ —  Total Gold Equivalent Ounces 661  17  11  30  2  39  143  903  729  $ 1,239  Consolidated $ 4,107  $ 113  $ 87  $ 205  $ 46  $ 61  $ 864  $ 5,483  ____________________________ (1) Excludes Depreciation and amortization and Reclamation and remediation . (2) Includes by-product credits of $138. (3) Includes stockpile, leach pad, and product inventory adjustments of $3 at Cerro Negro and $25 at NGM. (4) Includes operating accretion of $66, included in Reclamation and remediation , and amortization of asset retirement costs of $47; 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 $101 and $9, respectively, included in Reclamation and remediation . (5) Excludes development expenditures of $20 at Ahafo, $5 at Red Chris, $8 at Peñasquito, $16 at Merian, $10 at Cerro Negro, $4 at Yanacocha, $2 at Boddington, $3 at Tanami, $3 at Cadia, $3 at NGM, $32 at Corporate and Other, totaling $106 related to developing new operations or major projects at existing operations where these projects will materially benefit the operation. (6) Excludes restructuring and severance of $24, impairment charges of $24, Newcrest transaction and integration costs of $(6), 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 $39. (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) Refer to Note 3 to the Condensed Consolidated Financial Statements for information on the Company's divestitures. (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 ($1,700/oz.), Copper ($3.50/lb.), Silver ($20.00/oz.), Lead ($0.90/lb.) and Zinc ($1.20/lb.) pricing for 2025. (14) For the six months ended June 30, 2025, Red Chris sold 14 thousand tonnes of copper, Peñasquito sold 13 million ounces of silver, 44 thousand tonnes of lead and 129 thousand tonnes of zinc, Boddington sold 14 thousand tonnes of copper, and Cadia sold 44 thousand tonnes of copper. (15) All-in sustaining costs at Peñasquito is comprised of $155, $51, and $242 for silver, lead, and zinc, respectively. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         20      Six Months Ended June 30, 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 $ 335  $ 9  $ 3  $ —  $ 1  $ 1  $ 39  $ 388  364  $ 1,066  Brucejack 138  1  1  —  —  3  33  176  80  $ 2,206  Red Chris 14  —  1  —  —  2  6  23  16  $ 1,453  Peñasquito 91  3  —  —  —  7  13  114  108  $ 1,055  Merian 186  4  5  —  —  —  52  247  135  $ 1,820  Cerro Negro 133  3  2  —  1  —  27  166  101  $ 1,635  Yanacocha 165  14  6  —  1  —  10  196  168  $ 1,166  Boddington 283  8  1  —  —  7  45  344  278  $ 1,240  Tanami 183  1  2  —  —  —  45  231  190  $ 1,215  Cadia 151  1  5  —  1  12  74  244  237  $ 1,028  Lihir 333  2  10  —  5  —  58  408  330  $ 1,236  NGM 621  9  6  4  2  3  201  846  519  $ 1,631  Corporate and Other (10) —  —  59  182  6  —  8  255  —  $ —  Held for sale (11) CC&V 85  6  2  —  1  —  13  107  62  $ 1,716  Musselwhite 113  2  3  —  —  —  46  164  105  $ 1,568  Porcupine 157  7  2  —  —  —  43  209  148  $ 1,408  Éléonore 169  3  5  —  —  —  50  227  119  $ 1,910  Telfer (12) 153  5  5  —  4  3  10  180  59  $ 3,037  Akyem 157  14  —  1  —  —  15  187  123  $ 1,523  Total Gold 3,467  92  118  187  22  38  788  4,712  3,142  $ 1,500  Gold equivalent ounces - other metals (13)(14) Red Chris 64  —  3  —  —  9  23  99  67  $ 1,486  Peñasquito (15) 473  16  1  —  2  59  63  614  544  $ 1,130  Boddington 97  2  —  —  —  7  9  115  98  $ 1,165  Cadia 134  1  4  —  1  41  60  241  235  $ 1,025  Corporate and Other (10) —  —  4  14  —  —  —  18  —  $ —  Held for sale (11) Telfer (12) 27  1  1  —  —  5  2  36  11  $ 3,218  Total Gold Equivalent Ounces 795  20  13  14  3  121  157  1,123  955  $ 1,176  Consolidated $ 4,262  $ 112  $ 131  $ 201  $ 25  $ 159  $ 945  $ 5,835  ____________________________ (1) Excludes Depreciation and amortization and Reclamation and remediation . (2) Includes by-product credits of $114. (3) Includes stockpile, leach pad, and product inventory adjustments of $2 at Brucejack, $1 at Peñasquito, $9 at Cerro Negro, $17 at NGM, and $15 at Telfer. (4) Include operating accretion of $67, included in Reclamation and remediation , and amortization of asset retirement costs of $45; 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 $108 and $17, respectively, included in Reclamation and remediation . (5) Excludes development expenditures of $14 at Ahafo, $4 at Peñasquito, $4 at Merian, $6 at Cerro Negro, $1 at Boddington, $13 at Tanami, $6 at NGM, $27 at Corporate and Other, $1 at CC&V, $1 at Porcupine, and $4 at Akyem totaling $81 related to developing new operations or major projects at existing operations where these projects will materially benefit the operation. (6) Excludes Newcrest transaction-related costs of $45, settlement costs of $26, impairment charges of $21, and restructuring and severance of $15; 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 $30. (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 June 30, 2024. Refer to Note 3 to the Condensed Consolidated Financial Statements for further information. (12) During the second quarter, seepage points were detected on the outer wall and around the tailings storage facility at Telfer and we temporarily ceased placing new tailings on the facility. Production resumed during the third quarter of 2024. The Company completed the sale of Telfer in the fourth quarter of 2024. (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 six months ended June 30, 2024, Red Chris sold 12 thousand tonnes of copper, Peñasquito sold 18 million ounces of silver, 49 thousand tonnes of lead and 113 thousand tonnes of zinc, Boddington sold 18 thousand tonnes of copper, Cadia sold 43 thousand tonnes of copper, and Telfer sold 2 thousand tonnes of copper. (15) All-in sustaining costs at Peñasquito is comprised of $266, $75, and $273 for silver, lead, and zinc, respectively. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         21      A reconciliation of the 2025 Gold AISC outlook to the 2025 Gold CAS outlook is provided below. For more details, refer to the Company’s Fourth Quarter 2024 Earnings and 2025 Guidance press release, issued on February 20, 2025, and available on Newmont.com. 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. 2025 Guidance Total Core 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. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         22      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: Three Months Ended June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Net income (loss) attributable to Newmont stockholders $ 2,061  $ 1,891  $ 1,403  $ 922  Net income (loss) attributable to noncontrolling interests 14  11  18  2  Net loss (income) from discontinued operations —  —  —  (49) Equity loss (income) of affiliates (49) (78) (69) (60) Income and mining tax expense (benefit) 1,092  647  702  244  Depreciation and amortization 620  593  689  631  Interest expense, net of capitalized interest 65  79  93  86  EBITDA (1) $ 3,803   $ 3,143   $ 2,836   $ 1,776   Adjustments: (Gain) loss on sale of assets held for sale $ (699) $ (276) $ 268  $ 115  Change in fair value of investments (151) (291) (23) (17) (Gain) loss on debt extinguishment 18  10  (3) (15) Restructuring and severance 15  9  18  5  Newcrest transaction and integration costs (10) 4  10  17  Impairment charges 9  15  39  18  (Gain) loss on asset and investment sales 2  5  1  28  Settlement costs —  3  11  7  Reclamation and remediation charges —  —  (110) 33  Pension settlements —  —  1  —  Other 10  7  —  —  Adjusted EBITDA (1) $ 2,997   $ 2,629   $ 3,048   $ 1,967   12 month trailing Adjusted EBITDA $ 10,641   Total Debt $ 7,132  Lease and other financing obligations 475  Less: Cash and cash equivalents (6,185) Total Net debt $ 1,422  Net debt to Adjusted EBITDA 0.1   ____________________________ (1) See EBITDA and Adjusted EBITDA reconciliation for more details on adjustments. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         23      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: Three Months Ended June 30, Increase (Decrease) Percent Change 2025 2024 Consolidated gold sales, net $ 4,582  $ 3,623  $ 959  26  % Consolidated copper sales, net 360  377  (17) (5) % Consolidated silver sales, net 191  209  (18) (9) % Consolidated lead sales, net 43  44  (1) (2) % Consolidated zinc sales, net 141  149  (8) (5) % Total sales $ 5,317  $ 4,402  $ 915  21  % Six Months Ended June 30, Increase (Decrease) Percent Change 2025 2024 Consolidated gold sales, net $ 8,827  $ 6,964  $ 1,863  27  % Consolidated copper sales, net 714  674  40  6  % Consolidated silver sales, net 379  410  (31) (8) % Consolidated lead sales, net 85  104  (19) (18) % Consolidated zinc sales, net 322  273  49  18  % Total sales $ 10,327  $ 8,425  $ 1,902  23  % NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         24      Three Months Ended June 30, 2025 Gold Copper Silver Lead Zinc (ounces) (pounds) (ounces) (pounds) (pounds) Consolidated sales: Gross before provisional pricing and streaming impact $ 4,556  $ 356  $ 171  $ 39  $ 148  Provisional pricing mark-to-market 34  4  5  5  (6) Silver streaming amortization —  —  20  —  —  Gross after provisional pricing and streaming impact 4,590  360  196  44  142  Treatment and refining charges (8) —  (5) (1) (1) Net $ 4,582  $ 360  $ 191  $ 43  $ 141  Consolidated ounces/pounds sold (1)(2) 1,380  83  7  50  124  Average realized price (per ounce/pound): (3) Gross before provisional pricing and streaming impact $ 3,301  $ 4.31  $ 26.50  $ 0.79  $ 1.19  Provisional pricing mark-to-market 25  0.06  0.76  0.10  (0.05) Silver streaming amortization —  —  3.04  —  —  Gross after provisional pricing and streaming impact 3,326  4.37  30.30  0.89  1.14  Treatment and refining charges (6) —  (0.80) (0.01) (0.01) Net $ 3,320  $ 4.37  $ 29.50  $ 0.88  $ 1.13  ____________________________ (1) Amounts reported in millions except gold ounces, which are reported in thousands. (2) For the three months ended June 30, 2025 the Company sold 37 thousand tonnes of copper, 23 thousand tonnes of lead, and 56 thousand tonnes of zinc. (3) Per ounce/pound measures may not recalculate due to rounding. Three Months Ended June 30, 2024 Gold Copper Silver Lead Zinc (ounces) (pounds) (ounces) (pounds) (pounds) Consolidated sales: Gross before provisional pricing and streaming impact $ 3,617  $ 386  $ 176  $ 41  $ 146  Provisional pricing mark-to-market 26  25  19  3  18  Silver streaming amortization —  —  23  —  —  Gross after provisional pricing and streaming impact 3,643  411  218  44  164  Treatment and refining charges (20) (34) (9) —  (15) Net $ 3,623  $ 377  $ 209  $ 44  $ 149  Consolidated ounces/pounds sold (1)(2) 1,543  84  8  43  113  Average realized price (per ounce/pound): (3) Gross before provisional pricing and streaming impact $ 2,344  $ 4.57  $ 22.17  $ 0.97  $ 1.29  Provisional pricing mark-to-market 17  0.29  2.37  0.08  0.15  Silver streaming amortization —  —  2.79  —  —  Gross after provisional pricing and streaming impact 2,361  4.86  27.33  1.05  1.44  Treatment and refining charges (14) (0.39) (1.13) —  (0.13) Net $ 2,347  $ 4.47  $ 26.20  $ 1.05  $ 1.31  ____________________________ (1) Amounts reported in millions except gold ounces, which are reported in thousands. (2) For the three months ended June 30, 2024 the Company sold 39 thousand tonnes of copper, 20 thousand tonnes of lead, and 52 thousand tonnes of zinc. (3) Per ounce/pound measures may not recalculate due to rounding. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         25      Six Months Ended June 30, 2025 Gold Copper Silver Lead Zinc (ounces) (pounds) (ounces) (pounds) (pounds) Consolidated sales: Gross before provisional pricing and streaming impact $ 8,723  $ 680  $ 328  $ 82  $ 355  Provisional pricing mark-to-market 126  38  24  5  (12) Silver streaming amortization —  —  39  —  —  Gross after provisional pricing and streaming impact 8,849  718  391  87  343  Treatment and refining charges (22) (4) (12) (2) (21) Net $ 8,827  $ 714  $ 379  $ 85  $ 322  Consolidated ounces/pounds sold (1)(2) 2,822  159  13  97  285  Average realized price (per ounce/pound): (3) Gross before provisional pricing and streaming impact $ 3,091  $ 4.29  $ 25.88  $ 0.85  $ 1.24  Provisional pricing mark-to-market 45  0.24  1.87  0.05  (0.04) Silver streaming amortization —  —  3.04  —  —  Gross after provisional pricing and streaming impact 3,136  4.53  30.79  0.90  1.20  Treatment and refining charges (8) (0.02) (0.99) (0.02) (0.07) Net $ 3,128  $ 4.51  $ 29.80  $ 0.88  $ 1.13  ____________________________ (1) Amounts reported in millions except gold ounces, which are reported in thousands. (2) For the six months ended June 30, 2025 the Company sold 72 thousand tonnes of copper, 44 thousand tonnes of lead, and 129 thousand tonnes of zinc. (3) Per ounce/pound measures may not recalculate due to rounding. Six Months Ended June 30, 2024 Gold Copper Silver Lead Zinc (ounces) (pounds) (ounces) (pounds) (pounds) Consolidated sales: Gross before provisional pricing and streaming impact $ 6,946  $ 702  $ 358  $ 102  $ 295  Provisional pricing mark-to-market 56  34  23  3  15  Silver streaming amortization —  —  50  —  —  Gross after provisional pricing and streaming impact 7,002  736  431  105  310  Treatment and refining charges (38) (62) (21) (1) (37) Net $ 6,964  $ 674  $ 410  $ 104  $ 273  Consolidated ounces/pounds sold (1)(2) 3,142  164  18  108  248  Average realized price (per ounce/pound): (3) Gross before provisional pricing and streaming impact $ 2,210  $ 4.27  $ 20.14  $ 0.95  $ 1.19  Provisional pricing mark-to-market 18  0.21  1.28  0.03  0.06  Silver streaming amortization —  —  2.78  —  —  Gross after provisional pricing and streaming impact 2,228  4.48  24.20  0.98  1.25  Treatment and refining charges (12) (0.38) (1.20) (0.01) (0.15) Net $ 2,216  $ 4.10  $ 23.00  $ 0.97  $ 1.10  ____________________________ (1) Amounts reported in millions except gold ounces, which are reported in thousands. (2) For the six months ended June 30, 2024 the Company sold 75 thousand tonnes of copper, 49 thousand tonnes of lead, and 113 thousand tonnes of zinc. (3) Per ounce/pound measures may not recalculate due to rounding. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         26      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: Total Newmont Sales and Costs Applicable to Sales Three Months Ended June 30, Six Months Ended June 30, 2025 2024 (1) 2025 2024 (1) Consolidated gold sales, net (Managed Core) $ 3,749  $ 2,277  $ 6,790  $ 4,444  Consolidated gold sales, net (Non-Managed Core) 783  590  1,409  1,149  Consolidated gold sales, net (Non-Core) 50  763  628  1,385  Consolidated other metal sales, net 735  772  1,500  1,447  Sales $ 5,317  $ 4,402  $ 10,327  $ 8,425  Costs applicable to sales (Managed Core) $ 1,625  $ 1,389  $ 3,144  $ 2,780  Costs applicable to sales (Non-Managed Core) 343  307  651  621  Costs applicable to sales (Non-Core) 33  460  312  861  Costs applicable to sales $ 2,001  $ 2,156  $ 4,107  $ 4,262  Total Newmont Consolidated Gold By-product Unit Costs Costs applicable to sales $ 2,001  $ 2,156  $ 4,107  $ 4,262  Less: Consolidated other metal sales, net (2) (735) (772) (1,500) (1,447) By-product costs applicable to sales $ 1,266  $ 1,384  $ 2,607  $ 2,815  Gold sold (thousand ounces) 1,380  1,543  2,822  3,142  Total Gold CAS per ounce (by-product) (3) $ 917  $ 897  $ 924  $ 896  Total AISC $ 2,632  $ 2,957  $ 5,483  $ 5,835  Less: Consolidated other metal sales, net (2) (735) (772) (1,500) (1,447) By-product AISC $ 1,897  $ 2,185  $ 3,983  $ 4,388  Gold sold (thousand ounces) 1,380  1,543  2,822  3,142  Total Gold AISC per ounce (by-product) (3) $ 1,375  $ 1,416  $ 1,411  $ 1,397  Managed Core Gold By-product Unit Costs Costs applicable to sales (Managed Core) (4) $ 1,625  $ 1,389  $ 3,144  $ 2,780  Less: Consolidated other metal sales, net (2) (735) (772) (1,500) (1,447) By-product costs applicable to sales $ 890  $ 617  $ 1,644  $ 1,333  Gold sold (thousand ounces) 1,128  971  2,156  2,007  Total Gold CAS per ounce (by-product) (3) $ 789  $ 635  $ 763  $ 664  NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         27      Total AISC $ 2,174  $ 1,948  $ 4,285  $ 3,879  Less: Consolidated other metal sales, net (2) (735) (772) (1,500) (1,447) By-product AISC $ 1,439  $ 1,176  $ 2,785  $ 2,432  Gold sold (thousand ounces) 1,128  971  2,156  2,007  Total Gold AISC per ounce (by-product) (3) $ 1,276  $ 1,211  $ 1,292  $ 1,212  Total Core Gold By-product Unit Costs Costs applicable to sales (Managed and Non-Managed Core) (4) $ 1,968  $ 1,696  $ 3,795  $ 3,401  Less: Consolidated other metal sales, net (2) (735) (772) (1,500) (1,447) By-product costs applicable to sales $ 1,233  $ 924  $ 2,295  $ 1,954  Gold sold (thousand ounces) 1,365  1,223  2,609  2,526  Total Gold CAS per ounce (by-product) (3) $ 903  $ 756  $ 880  $ 774  Total AISC $ 2,592  $ 2,374  $ 5,091  $ 4,725  Less: Consolidated other metal sales, net (2) (735) (772) (1,500) (1,447) By-product AISC $ 1,857  $ 1,602  $ 3,591  $ 3,278  Gold sold (thousand ounces) 1,365  1,223  2,609  2,526  Total Gold AISC per ounce (by-product) (3) $ 1,360  $ 1,310  $ 1,376  $ 1,298  ____________________________ (1) Certain amounts for the prior period has been recast to reflect current year presentation. (2) Included in Sales as presented on the Condensed Consolidated Statement of Operations; refer to the reconciliation provided in the table above. (3) Per ounce measures may not recalculate due to rounding. (4) Included in Costs applicable to sales as presented on the Condensed Consolidated Statement of Operations; refer to the reconciliation provided in the table above. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         28      Conference Call Information A conference call will be held on Thursday, July 24, 2025 at 5:30 p.m. Eastern Daylight Time (3:30 p.m. Mountain Daylight Time), which is 7:30 a.m. Australian Eastern Standard Time on Friday, July 25, 2025; it will also be available on the Company’s website. Conference Call Details Dial-In Number 833.470.1428 Intl Dial-In Number 404.975.4839 1 Dial-In Access Code 242977 Conference Name Newmont Replay Number 866.813.9403 Intl Replay Number 929.458.6194 Replay Access Code 836920 1 For toll-free phone numbers, refer to the following link: https://www.netroadshow.com/events/global-numbers?confId=49005 Webcast Details Title: Newmont Second Quarter 2025 Earnings Conference Call URL: https://events.q4inc.com/attendee/174978189 The webcast materials will be available Thursday, July 24, 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. 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 NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         29      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, 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, savings and efficiencies, productivity improvements, and future cash flow enhancements, (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) expectations regarding receipt of deferred or contingent consideration in connection with recent asset sales. 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. Future dividends beyond the dividend payable on September 29, 2025 to holders of record at the close of business on September 4, 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. Management’s expectations with respect to future dividends are “forward-looking statements” and are non-binding. 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, 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. Under the share repurchase program authorization, Newmont may purchase its common stock on a on a discretionary basis from time to time on the open market, including through the use of trading plans that satisfy the conditions of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with the requirements of the Securities and Exchange Commission, or by accelerated share repurchases or privately negotiated transactions. The timing and amount of common stock repurchases made under the authorization will be determined by management based on its evaluation of market conditions and other factors as mentioned above. The share repurchase program authorization has no expiration date and does not obligate the Company to acquire any particular amount of shares and may be suspended or discontinued at any time. For a more detailed discussion of such risks and other factors that might impact future looking statements, 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 (the “SEC”) on February 21, 2025, under the heading “Risk Factors", and other factors identified in the Company's reports filed with the SEC, available on the SEC website or at www.newmont.com. The Company 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 June 30, 2025, expected to be filed on July 24, 2025. NEWMONT SECOND QUARTER 2025 RESULTS | NEWS RELEASE         30