Newmont — Feb 19, 2026 release

Looking ahead, Newmont's longer-term production growth profile is supported by several clear and executable drivers including the continued ramp-up of Ahafo North delivering new, low-cost ounces, the completion of the Boddington stripping campaign in 2026, enabling access to higher gold and copper grades beginning in 2027, the completion of Tanami Expansion 2 in the second half of 2027, the ongoing development of the Cadia panel caves, and access to additional low-cost ounces from Lihir following the completion of the Nearshore Barrier. These drivers will position Newmont to achieve its longer-term outlook of approximately 6 million ounces of gold and 150 thousand tonnes of copper annually. NEWMONT FOURTH QUARTER AND FULL YEAR 2025 RESULTS & 2026 GUIDANCE | NEWS RELEASE     5      Unit costs in 2026 are expected to increase from 2025, largely as a function of lower gold production, lower production of copper, lead and zinc, and a higher expected gold price resulting in higher royalties and production taxes. Direct costs at managed operations are expected to be largely stable year over year as a result of Newmont's cost and productivity initiatives in 2025. Gold by-product CAS of $1,055 per ounce and gold by-product AISC of $1,680 per ounce include the estimated impact from lower sales volumes due to planned mine sequencing, a higher gold price assumption of $4,500 per ounce resulting in higher royalties and production taxes, and changes in inventory due to higher stockpile processing at Peñasquito and Yanacocha and a lower build of stockpiles at Lihir. AISC per ounce is also expected to be higher due to the deferral of $150 million of sustaining capital from 2025 into 2026, partially offset by lower expected G&A expense. CAPITAL GUIDANCE Guidance Metric (+/-5%) 2026E Sustaining Capital ($M) Managed Portfolio $1,660 Non-Managed Portfolio $290 Total Newmont Sustaining