Newmont — Feb 19, 2026 release

Additionally, Newmont expects to allocate approximately $285 million to advanced project spending to support studies on its organic project pipeline. CONSOLIDATED EXPENSE GUIDANCE Guidance Metric (+/-5%) 2026E General & Administrative ($M) $375 Interest Expense ($M) (1) $175 Depreciation & Amortization ($M) $2,815 Reclamation and Remediation Accretion ($M) $385 Adjusted Tax Rate (2)(3) 33% 1 Interest expenses guidance is net of capitalized interest. 2 The adjusted tax rate excludes certain items such as tax valuation allowance adjustments. 3 Assuming average prices of $4,500 per ounce for gold, $5.00 per pound for copper, $60.00 per ounce for silver, $0.90 per pound for lead, and $1.30 per pound for zinc and achievement of current production, sales and cost estimates, Newmont estimates its consolidated adjusted effective tax rate related to continuing operations for 2026 will be 33 percent. NEWMONT FOURTH QUARTER AND FULL YEAR 2025 RESULTS & 2026 GUIDANCE | NEWS RELEASE     7      General and administrative costs are expected to be $375 million in 2026, which is approximately $100 million lower than the initial 2025 guidance, demonstrating the benefits of Newmont's cost reduction efforts. Interest expense is expected to decrease to approximately $175 million as a result of the debt reduction efforts to date, along with higher capitalized interest. Reclamation and remediation expense is expected to increase to $385 million due to continued accretion of Newmont's closure liabilities. The adju