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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

Form 10-K

(Mark One)

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Year Ended December 31, 2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period fromto

Commission File Number: 001-31240

NEWMONT CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	84-1611629
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)
6900 E Layton Ave
Denver, Colorado	80237
(Address of Principal Executive Offices)	(Zip Code)
Registrant’s telephone number, including area code (303) 863-7414

Securities registered or to be registered pursuant to Section 12(b) of the Act.

Title of each class	Trading Symbol	Name of each exchange on which registered
Common stock, par value $1.60 per share	NEM	New York Stock Exchange

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☒ Yes ☐ No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. ☐ Yes ☒ No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12-b2 of the Exchange Act.

Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12-b2 of the Exchange Act). ☐ Yes ☒ No

At June 30, 2024, the aggregate market value of the registrant’s voting and non-voting common equity held by non-affiliates of the registrant was $48,153,562,623 based on the closing sale price as reported on the New York Stock Exchange. There were 1,126,861,075 shares of common stock outstanding on February 13, 2025.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of Registrant’s definitive Proxy Statement for the Registrant’s 2025 Annual Stockholders Meeting will be filed no later than 120 days after the close of the Registrant's fiscal year ended December 31, 2024, are incorporated by reference into Part III of this report.

TABLE OF CONTENTS

	PART I	Page
GLOSSARY: UNITS OF MEASURE AND ABBREVIATIONS		1
2024 RESULTS AND HIGHLIGHTS		2
ITEM 1.	BUSINESS	5
	Introduction	5
	Segment Information	5
	Products	5
	Competition	8
	Licenses and Concessions	8
	Condition of Physical Assets and Insurance	8
	Environmental, Social and Governance	9
	Risk Factor Summary	12
	Forward-Looking Statements	14
	Available Information	16
ITEM 1A.	RISK FACTORS	16
ITEM 1B.	UNRESOLVED STAFF COMMENTS	49
ITEM 1C.	CYBERSECURITY	50
ITEM 2.	PROPERTIES	52
	Production and Development Properties	52
	Operating Statistics	62
	Proven and Probable Reserves	69
	Measured, Indicated, and Inferred Resources	78
ITEM 3.	LEGAL PROCEEDINGS	90
ITEM 4.	MINE SAFETY DISCLOSURES	90
	PART II
ITEM 5.	MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASE OF EQUITY SECURITIES	91
ITEM 6.	RESERVED	91
ITEM 7.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION AND RESULTS OF OPERATIONS	92
	Overview	92
	Consolidated Financial Results	93
	Results of Consolidated Operations	98
	Foreign Currency Exchange Rates	102
	Liquidity and Capital Resources	103
	Environmental	109
	Forward Looking Statements	110
	Non-GAAP Financial Measures	110
	Accounting Developments	121
	Critical Accounting Estimates	121
ITEM 7A.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	125
	Metal Prices	125
	Foreign Currency	125
	Commodity Price Exposure	126
ITEM 8.	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	128
ITEM 9.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE	196
ITEM 9A.	CONTROLS AND PROCEDURES	196
ITEM 9B.	OTHER INFORMATION	198
ITEM 9C.	DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS	198
	PART III
ITEM 10.	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE	199
ITEM 11.	EXECUTIVE COMPENSATION	200
ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	201
ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE	201
ITEM 14.	PRINCIPAL ACCOUNTANT FEES AND SERVICES	201
	PART IV
ITEM 15.	EXHIBITS, FINANCIAL STATEMENT SCHEDULES	202
ITEM 16.	FORM 10-K SUMMARY	202
SIGNATURES		SCH-1
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS		SCH-2

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GLOSSARY: UNITS OF MEASURE AND ABBREVIATIONS

Unit	Unit of Measure
$	United States Dollar
%	Percent
A$	Australian Dollar
C$	Canadian Dollar
gram	Metric Gram
ounce	Troy Ounce
pound	United States Pound
tonne	Metric Ton	Abbreviation	Description
---	---
AISC (1)	All-In Sustaining Costs
ARC	Asset Retirement Cost
ARS	Argentine Peso
ASC	FASB Accounting Standard Codification
ASU	FASB Accounting Standard Update
AUD	Australian Dollar
CAD	Canadian Dollar
CAS	Costs Applicable to Sales
DTA	Deferred tax asset
DTL	Deferred tax liability
EBITDA (1)	Earnings Before Interest, Taxes, Depreciation and Amortization
EIA	Environmental Impact Assessment
EPA	U.S. Environmental Protection Agency
ESG	Environmental, Social and Governance
Exchange Act	U.S. Securities Exchange Act of 1934
FASB	Financial Accounting Standards Board
GAAP	U.S. Generally Accepted Accounting Principles
GEO (2)	Gold Equivalent Ounces
GHG	Greenhouse Gases, which are defined by the EPA as gases that trap heat in the atmosphere
GISTM	Global Industry Standard on Tailings Management
IASB	International Accounting Standards Board
IFRS	International Financial Reporting Standards
LIBOR	London Interbank Offered Rate
LBMA	London Bullion Market Association
LME	London Metal Exchange
MD&A	Management’s Discussion and Analysis of Consolidated Financial Condition and Results of Operations
MINAM	Ministry of the Environment of Peru
Mine Act	U.S. Federal Mine Safety and Health Act of 1977
MINEM	Ministry of Energy and Mines of Peru
MSHA	Federal Mine Safety and Health Administration
MXN	Mexican Peso
NPDES	National Pollutant Discharge Elimination System
NSR	Net Smelter Return
PGK	Papua New Guinea Kina
PNG	Papua New Guinea
PSU	Performance Leverage Stock Unit
RSU	Restricted Stock Unit
SAG	Semi-Autogenous Grinding
SEC	U.S. Securities and Exchange Commission
Securities Act	U.S. Securities Act of 1933
SOFR	Secured Overnight Financing Rate
UN	The United Nations
UOP	Units of Production
U.S.	The United States of America
USD	United States Dollar
WTP	Water Treatment Plant

____________________________

(1)Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.

(2)Refer to Results of Consolidated Operations within Part II, Item 7, MD&A.

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NEWMONT CORPORATION

2024 RESULTS AND HIGHLIGHTS

(unaudited, dollars in millions, except per share, per ounce and per pound)

	Year Ended December 31,
	2024		2023		2022
Financial Results:
Sales	$	18,682	$	11,812	$	11,915
Gold	$	15,746	$	10,593	$	10,416
Copper	$	1,327	$	575	$	316
Silver	$	792	$	335	$	549
Lead	$	195	$	96	$	133
Zinc	$	622	$	213	$	501
Costs applicable to sales (1)	$	8,963	$	6,699	$	6,468
Gold	$	7,364	$	5,689	$	5,423
Copper	$	696	$	359	$	181
Silver	$	360	$	300	$	454
Lead	$	116	$	98	$	94
Zinc	$	427	$	253	$	316
Net income (loss) from continuing operations	$	3,313	$	(2,494)	$	(399)
Net income (loss)	$	3,381	$	(2,467)	$	(369)
Net income (loss) from continuing operations attributable to Newmont stockholders	$	3,280	$	(2,521)	$	(459)
Per common share, diluted:
Net income (loss) from continuing operations attributable to Newmont stockholders	$	2.86	$	(3.00)	$	(0.58)
Net income (loss) attributable to Newmont stockholders	$	2.92	$	(2.97)	$	(0.54)
Adjusted net income (loss) (2)	$	3,991	$	1,324	$	1,468
Adjusted net income (loss) per share, diluted (2)	$	3.48	$	1.57	$	1.85
Earnings before interest, taxes and depreciation and amortization (2)	$	7,528	$	320	$	2,361
Adjusted earnings before interest, taxes and depreciation and amortization (2)	$	8,675	$	4,215	$	4,550
Net cash provided by (used in) operating activities of continuing operations	$	6,318	$	2,754	$	3,198
Free cash flow (2)	$	2,916	$	88	$	1,067
Regular cash dividends paid per common share	$	1.00	$	1.60	$	2.20
Regular cash dividends declared per common share	$	1.00	$	1.45	$	2.05

____________________________

(1)Excludes Depreciation and amortization and Reclamation and remediation.

(2)Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.

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NEWMONT CORPORATION

2024 RESULTS AND HIGHLIGHTS

(unaudited, dollars in millions, except per share, per ounce and per pound)

	Year Ended December 31,
	2024		2023		2022
Operating Results:
Consolidated gold ounces (thousands):
Produced	6,545		5,401		5,786
Sold	6,539		5,420		5,812
Attributable gold ounces (thousands):
Produced (1)	6,849		5,545		5,956
Sold (2)	6,471		5,340		5,696
Consolidated and attributable gold equivalent ounces - other metals (thousands): (3)
Produced	1,944		891		1,275
Sold	1,916		896		1,275
Consolidated and attributable - other metals:
Produced copper:
Pounds (millions)	338		145		84
Tonnes (thousands)	153		65		38
Sold copper:
Pounds (millions)	332		155		85
Tonnes (thousands)	150		71		39
Produced silver (million ounces)	33		18		30
Sold silver (million ounces)	33		17		30
Produced lead:
Pounds (millions)	212		113		149
Tonnes (thousands)	96		51		68
Sold lead:
Pounds (millions)	213		107		147
Tonnes (thousands)	97		49		67
Produced zinc:
Pounds (millions)	569		230		377
Tonnes (thousands)	258		104		171
Sold zinc:
Pounds (millions)	545		222		373
Tonnes (thousands)	247		101		169
Average realized price:
Gold (per ounce)	$	2,408	$	1,954	$	1,792
Copper (per pound)	$	4.00	$	3.71	$	3.69
Silver (per ounce)	$	24.13	$	19.97	$	18.45
Lead (per pound)	$	0.91	$	0.90	$	0.91
Zinc (per pound)	$	1.14	$	0.96	$	1.34
Consolidated costs applicable to sales: (4)(5)
Gold (per ounce)	$	1,126	$	1,050	$	933
Gold equivalent ounces - other metals (per ounce) (3)	$	834	$	1,127	$	819
All-in sustaining costs: (5)
Gold (per ounce)	$	1,516	$	1,444	$	1,211
Gold equivalent ounces - other metals (per ounce) (3)	$	1,161	$	1,579	$	1,114

____________________________

(1)Attributable gold ounces produced includes 235, 224, and 285 ounces for the years ended December 31, 2024, 2023, and 2022, respectively, related to the Pueblo Viejo mine, which is 40% owned by Newmont and accounted for as an equity method investment, and 138 ounces for the year ended December 31, 2024, related to the Fruta del Norte mine, which is wholly owned by Lundin Gold whom the Company holds a 32.0% interest and is accounted for as an equity method investment on a quarter lag.

(2)Attributable gold ounces sold excludes ounces related to the Pueblo Viejo mine and the Fruta del Norte mine.

(3)Gold equivalent ounces are calculated as pounds or ounces produced or sold multiplied by the ratio of the other metals’ price to the gold price. Refer to Results of Consolidated Operations within Part II, Item 7, MD&A for further information.

(4)Excludes Depreciation and amortization and Reclamation and remediation.

(5)Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.

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Highlights (dollars in millions, except per share, per ounce and per pound amounts)

•Net income: Delivered Net income (loss) from continuing operations attributable to Newmont stockholders of $3,280 or $2.86 per diluted share, an increase of $5,801 from the prior year partially due to an increase to attributable net income related to the acquired Newcrest sites. Excluding the impact of acquired sites, the increase is primarily due to higher average realized prices for all metals, lower Impairment charges and Reclamation and remediation, and higher net income at Peñasquito which had been impacted in 2023 as a result of the labor strike; partially offset by the Loss on assets held for sale and higher income and mining tax expense.

•Adjusted net income: Reported Adjusted net income of $3,991 or $3.48 per diluted share, an increase of $1.91 per diluted share from the prior year (refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A).

•Adjusted EBITDA: Reported $8,675 in Adjusted EBITDA, an increase of 106% from the prior year (refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A).

•Cash Flow: Reported Net cash provided by (used in) operating activities of continuing operations of $6,318 for the year ended December 31, 2024, an increase of 129% from the prior year, and free cash flow of $2,916 (refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A).

•Portfolio improvements: Completed the sale of the assets of the Telfer reportable segment, including Newmont’s 70% interest in the Havieron development project and other related assets, for total consideration of $453. Announced agreements to sell the Akyem, Musselwhite, Éléonore, CC&V, and Porcupine reportable segments, which are expected to close in the first half of 2025.

•Attributable gold production: Produced approximately 7 million ounces of gold, an increase of approximately 24% from prior year.

•Financial strength: Ended the year with $3,619 of consolidated cash, cash of $45 included in Assets held for sale, and approximately $7,664 of liquidity; declared a total dividend of $1.00 per share for the year.

Our global project pipeline

Newmont’s project pipeline supports stable production with improving margins and mine life. Near-term development capital projects are presented below. Additional projects represent incremental improvements to production and cost guidance. We manage our wider project portfolio to maintain flexibility to address the development risks associated with our projects including permitting, local community and government support, engineering and procurement availability, technical issues, escalating costs and other associated risks that could adversely impact the timing and costs of certain opportunities.

Ahafo North, Ahafo. This project expands our existing footprint in Ghana located approximately 30 kilometers from the Company’s Ahafo South operations and will deliver value through the open pit mining and processing of over three million ounces of gold over a 13-year mine life. The project is expected to add between 275,000 and 325,000 ounces per year for the first five full years of production beginning in 2026. Capital costs for the project are estimated to be between $950 and $1,050 with an expected commercial production date in late 2025. Development capital costs (excluding capitalized interest) since approval were $616, of which $241 related to 2024.

Tanami Expansion 2, Tanami. This project secures Tanami’s future as a long-life, low-cost producer with potential to extend mine life to 2040 through the addition of a 1,460-meter hoisting shaft and supporting infrastructure to achieve higher production and provide a platform for future growth. The expansion is expected to increase average annual gold production by approximately 150,000 to 200,000 ounces per year for the first five years and is expected to significantly reduce operating costs by approximately 30 percent. Capital costs for the project are estimated to be between $1,700 and $1,800 with an expected commercial production date in the second half of 2027. Development capital costs (excluding capitalized interest) since approval were $1,020, of which $268 related to 2024.

Cadia Panel Caves, Cadia. This project includes two panel caves to recover approximately 5.9 million ounces of gold reserves and 2.9 billion pounds of copper reserves. First ore has been delivered from the first panel cave (PC2-3), and development is underway at the second panel cave (PC1-2). Capital costs for the PC2-3 project are estimated to be between $1,000 and $1,200, which includes more than $900 spent by Newcrest prior to the acquisition by Newmont in November 2023. Development capital costs are expected to continue until the second half of 2026. Development capital costs (excluding capitalized interest) for PC2-3, PC1-2, and PC1 combined since acquisition of Newcrest were $248, of which $212 related to 2024.

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PART I

ITEM 1. BUSINESS (dollars in millions, except per share, per ounce and per pound amounts)

Introduction

Newmont Corporation was incorporated in 1921 and is primarily a gold producer with significant operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji and Ghana. At December 31, 2024, Newmont had attributable proven and probable gold reserves of 134.1 million ounces, attributable measured and indicated gold resources of 99.4 million ounces, attributable inferred gold resources of 70.6 million ounces, and an aggregate land position of approximately 25,500 square miles (66,000 square kilometers). Newmont is also engaged in the production of copper, silver, lead, and zinc. As the world’s leading gold company, Newmont remains committed to creating value and improving lives through sustainable and responsible mining.

Newmont’s corporate headquarters are in Denver, Colorado, U.S. In this report, “Newmont,” the “Company,” “our,” and “we” refer to Newmont Corporation together with our affiliates and subsidiaries, unless the context otherwise requires.

On November 6, 2023, we completed the acquisition of Newcrest Mining Limited ("Newcrest") (“the Newcrest transaction”). Results of Newcrest for the period November 6 to December 31, 2023 and the year ended December 31, 2024 are included in this report. For further information, refer to Note 3 to the Consolidated Financial Statements.

Based on a comprehensive review of the Company’s portfolio of assets following the Newcrest transaction, the Company’s Board of Directors approved a portfolio optimization program to divest six non-core assets and a development project in February 2024. The non-core assets to be divested include Akyem, CC&V, Éléonore, Porcupine, Musselwhite, Telfer, and a development project in Canada. In February 2024, the Company concluded that these non-core assets and the development project met the accounting requirements to be presented as held for sale in the first quarter of 2024. Subsequently in the second half of 2024, the Company entered into definitive agreements to sell the Telfer, Akyem, Musselwhite, Éléonore, and CC&V reportable segments, of which Telfer closed in 2024. In January 2025, the Company entered into a definitive agreement to sell the Porcupine reportable segment. Refer to Note 3 to the Consolidated Financial Statements for further information on divestitures.

Segment Information

The Company's reportable segments consist of each of its 16 mining operations that it manages and its 38.5% proportionate interest in Nevada Gold Mines ("NGM") which it does not directly manage. The reportable segments at December 31, 2024 include certain reportable segments that are designated as held for sale and exclude those which have been divested. Refer to Note 3 to the Consolidated Financial Statements for further information on divestitures.

For information on acquisitions and divestitures impacting the comparability of our results, refer to Note 3 to the Consolidated Financial Statements.

Refer to Item 1A, Risk Factors, below, and Note 4 to the Consolidated Financial Statements for further information relating to our reportable segments. Refer to Note 5 to the Consolidated Financial Statements for information relating to domestic and export sales and lack of dependence on a limited number of customers.

Products

References in this report to “attributable” means that portion of gold, copper, silver, lead, or zinc produced, sold or included in proven and probable reserves and measured, indicated, and inferred resources based on our proportionate ownership, unless otherwise noted.

Gold

General. The details of our consolidated and attributable gold production from continuing operations are set forth below:

	Year Ended December 31,
	2024	2023	2022
Consolidated gold ounces produced (thousands)	6,545	5,401	5,786
Attributable gold ounces produced (thousands)	6,849	5,545	5,956
Attributable gold ounces produced from equity method investments (thousands):
Pueblo Viejo (40.0%)	235	224	285
Fruta del Norte (32.0%) (1)	138	—	—
	373	224	285

____________________________

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(1)The Fruta del Norte mine is wholly owned and operated by Lundin Gold Inc. ("Lundin Gold"). The Company acquired a 32.0% interest in Lundin Gold through the Newcrest transaction, which is accounted for as an equity method investment on a quarterly lag. As a result, results of operations were not reported until the first quarter of 2024. Refer to Notes 3 and 15 to the Consolidated Financial Statements for additional information.

For the years ended December 31, 2024, 2023 and 2022, 85%, 89% and 87%, respectively, of our Sales were attributable to gold. Most of our Sales come from the sale of refined gold. The end product at our gold operations, however, is generally doré bars. Doré is an alloy consisting primarily of gold but also containing silver and other metals. Doré is sent to refiners to produce bullion that meets the required market standard of 99.95% gold. Under the terms of our refining agreements, the doré bars are refined for a fee, and our share of the refined gold and the separately-recovered silver is credited to our account or delivered to buyers. Additionally, a portion of gold is sold in concentrate containing other metals such as copper, silver, lead, and/or zinc.

Gold Uses. Gold generally is used for fabrication or investment. Fabricated gold has a variety of end uses, including jewelry, electronics, dentistry, industrial and decorative uses, medals, medallions, and official coins. Gold investors buy gold bullion, official coins, and jewelry.

Gold Supply. A combination of mine production, recycling and draw-down of existing gold stocks held by governments, financial institutions, industrial organizations and private individuals make up the annual gold supply. Based on public information available, for the years ended December 31, 2022 through 2024, mine production has averaged approximately 75% of the annual gold supply with the remainder primarily sourced from recycled gold.

Gold Price. The following table presents the annual high, low, and average daily afternoon LBMA Gold Price over the past ten years on the London Bullion Market ($/ounce):

Year	High		Low		Average
2025 (through February 13, 2025)	$	2,928	$	2,636	$	2,759
2024	$	2,778	$	1,985	$	2,386
2023	$	2,078	$	1,811	$	1,941
2022	$	2,039	$	1,629	$	1,800
2021	$	1,943	$	1,684	$	1,799
2020	$	2,067	$	1,474	$	1,770
2019	$	1,546	$	1,270	$	1,393
2018	$	1,355	$	1,178	$	1,268
2017	$	1,346	$	1,151	$	1,257
2016	$	1,366	$	1,077	$	1,251
2015	$	1,296	$	1,049	$	1,160

On February 13, 2025, the afternoon LBMA gold price was $2,928 per ounce.

Refer to Note 2 to the Consolidated Financial Statements for information on how we recognize revenue for gold sales from doré production.

Other Co-product Metals

Generally, if a metal expected to be mined represents more than 10% to 20% of the life of mine sales value of all the metal expected to be mined, the metal is considered a co-product and recognized as Sales in the Consolidated Financial Statements.

Copper production at Red Chris, Boddington, Cadia, and Telfer and silver, lead, and zinc production at Peñasquito are considered co-products. Copper, silver, lead, and zinc sales are generally in the form of concentrate that is sold to smelters for further treatment and refining.

The following table details consolidated co-product production and the percentage of Sales that was attributable to copper, silver, lead, and zinc for the years ended December 31, 2024, 2023, and 2022:

	2024			2023			2022
	Co-product Production	Sales as % of Total Sales		Co-product Production	Sales as % of Total Sales		Co-product Production	Sales as % of Total Sales
Copper (pounds/millions) (1)	338	7	%	145	5	%	84	3	%
Silver (ounces/millions) (2)	33	4	%	18	3	%	30	5	%
Lead (pounds/millions) (2)	212	1	%	113	1	%	149	1	%
Zinc (pounds/millions) (2)	569	3	%	230	2	%	377	4	%

____________________________

(1)For the years December 31, 2024 and 2023, copper co-product production came from Red Chris, Boddington, Cadia, and Telfer. All of our copper co-product production came from Boddington for the year ended December 31, 2022.

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(2)All of our silver, lead, and zinc co-product production came from Peñasquito.

By-product Metals

If a metal expected to be mined falls below the co-product sales value percentages, the metal is considered a by-product. Revenues from by-product sales are credited to Costs applicable to sales in the Consolidated Financial Statements.

Aside from the co-product sales at Red Chris, Peñasquito, Boddington, Cadia, and Telfer, copper and silver produced at other Newmont sites are by-product metals.

Gold and Other Metals Processing Methods

Doré. Gold is extracted from naturally-oxidized ores by either milling or heap leaching, depending on the amount of gold contained in the ore, the amenability of the ore to treatment and related capital and operating costs. Higher grade oxide ores are generally processed through mills, where the ore is ground into a fine powder and mixed with water into a slurry, which then passes through a carbon-in-leach circuit to recover the gold. Lower grade oxide ores are generally processed using heap leaching. Heap leaching consists of stacking crushed or run-of-mine ore on impermeable, synthetically lined pads where a weak cyanide solution is applied to the surface of the heap to dissolve the gold contained within the ore. In both cases, the gold-bearing solution is then collected and pumped to process facilities to remove the gold by collection on carbon or by zinc precipitation.

Gold contained in ores that are not naturally-oxidized can be directly milled if the gold is liberated and amenable to cyanidation, generally known as free milling ores. Ores that are not amenable to cyanidation, known as refractory ores, require more costly and complex processing techniques than oxide or free milling ore. Higher grade refractory ores are processed through either roasters or autoclaves. Roasters heat finely ground ore to a high temperature, burn off the carbon and oxidize the sulfide minerals that prevent efficient leaching. Autoclaves use heat, oxygen and pressure to oxidize sulfide ores.

Some gold sulfide ores may be processed through a flotation plant. In flotation, ore is finely ground, turned into slurry, then placed in a tank known as a flotation cell. Chemicals are added to the slurry causing the gold-containing sulfides to attach to air bubbles and float to the top of the tank. The sulfides are removed from the cell and converted into a concentrate that can then be processed in an autoclave, roaster, or fine grinding circuit to recover the gold through leaching. Gold-bearing solution is then plated onto cathodes in an electrowinning process or precipitated using zinc powder. In both cases, the precipitate is melted with fluxes in a furnace to produce doré.

Concentrate. Ore containing zinc, silver, lead, and gold is delivered to a crushing and grinding plant which feeds a sulfide processing plant. The sulfide processing plant primarily comprises lead and zinc flotation stages. In the lead and zinc flotation, the slurry is conditioned with reagents to activate the desired minerals and produce lead and zinc concentrate. The lead concentrate is highly enriched in gold and silver, with a smaller fraction of the precious metal recovered in the zinc concentrate. The resulting concentrate is sold to smelters or traders for further processing.

Ore containing copper and gold is crushed to a coarse size at the mine and then transported via conveyor to a process plant, where it is further crushed and then finely ground as a slurry. The ore is initially treated by successive stages of flotation resulting in a gold/copper concentrate containing approximately 10% to 26% copper and is dewatered and transported off-site. The flotation tailings have a residual gold content that is recovered in a carbon-in-leach circuit.

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A summary of product and form by segment is set forth below.

Segment	Products (1)	Form
Brucejack, Canada	Gold	Doré, Concentrate
Red Chris, Canada	Gold, Copper	Concentrate
Peñasquito, Mexico	Gold, Silver, Lead, Zinc	Doré, Concentrate (2)
Merian, Suriname	Gold	Doré
Cerro Negro, Argentina	Gold	Doré
Yanacocha, Peru	Gold	Doré
Boddington, Australia	Gold, Copper	Doré, Concentrate
Tanami, Australia	Gold	Doré
Cadia, Australia	Gold, Copper	Doré, Concentrate
Lihir, Papua New Guinea	Gold	Doré
Ahafo, Ghana	Gold	Doré
NGM, U.S.	Gold	Doré, Concentrate
Held for Sale (3)
CC&V, U.S.	Gold	Doré
Musselwhite, Canada	Gold	Doré
Porcupine, Canada	Gold	Doré
Éléonore, Canada	Gold	Doré
Akyem, Ghana	Gold	Doré
Divested (4)
Telfer, Australia	Gold, Copper	Doré, Concentrate

____________________________

(1)Products listed are only for gold and co-product metals. See above for further information on co-product classification.

(2)In the fourth quarter of 2023, the Company abandoned the pyrite leach plant at Peñasquito resulting in no production of doré for the year ended 2024. Refer to Note 9 to the Consolidated Financial Statements for further information.

(3)Refer to Note 3 to the Consolidated Financial Statements for further information on held for sale.

(4)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 to the Consolidated Financial Statements for further information.

Competition

The top 10 producers of gold comprise approximately twenty-five percent of total worldwide mined gold production. We currently rank as the top gold producer with approximately five percent of estimated total worldwide mined gold production. Our competitive position is based on the size and grade of our ore bodies anchored in a large portfolio of Tier 1 assets located in favorable mining jurisdictions. A Tier 1 asset is defined as having, on average over such asset’s mine life: (1) production of over 500,000 GEOs per year on a consolidated basis, (2) average AISC per oz in the lower half of the industry cost curve, (3) an expected mine life of over 10 years, and (4) operations in countries that are classified in the A and B rating ranges for Moody’s, S&P and Fitch.

We have a diverse portfolio of mining operations with varying ore grades and cost structures. Our costs are driven by the location, grade and nature of our ore bodies, and the level of input costs, including energy, labor and equipment. The metals markets are cyclical, and our ability to maintain our competitive position over the long term is based on our ability to acquire and develop quality deposits, hire and retain a skilled workforce, and to manage our costs.

Licenses and Concessions

Other than operating licenses for our mining and processing facilities, there are no third-party patents, operating licenses or franchises material to our business. In many countries, however, we conduct our mining and exploration activities pursuant to land-related licenses which include leases, concessions, claims, or prospecting licenses granted by the host government. These countries include, among others, the United States, Canada, Mexico, Peru, Suriname, Chile, Argentina, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana. Refer to Item 2, Properties, below for further information on land-related licenses and concessions by property. The concessions and contracts are subject to the political risks associated with the host country. Refer to Item 1A, Risk Factors, below for further information.

Condition of Physical Assets and Insurance

Our business is capital intensive and requires ongoing capital investment for the replacement, modernization or expansion of equipment and facilities. Refer to Results of Consolidated Operations and Liquidity and Capital Resources within Part II, Item 7, MD&A, for further information.

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We maintain insurance policies against property loss and business interruption and insure against risks that are typical in the operation of our business, in amounts that we believe to be reasonable. Such insurance, however, contains exclusions and limitations on coverage, particularly with respect to environmental liability and political risk. There can be no assurance that claims would be paid under such insurance policies in connection with a particular event. Refer to Item 1A, Risk Factors, below for further information.

Environmental, Social and Governance

Overview. Focusing on environmental, social and governance ("ESG") practices are an important part of Newmont’s business. Widely recognized for our principled ESG practices, we have been consistently ranked as a leader in the mining and metal sector S&P Global, and we have been listed on the Dow Jones Sustainability World Index since 2007.

ESG is a key part of how we make investment decisions and central to our culture and purpose to create value and improve lives through sustainable and responsible mining. Sustainability and safety are integrated into the business at all levels of the organization through our global policies, standards, strategies, business plans, and remuneration plans. Our global strategies, notably those related to Sustainability and Health, Safety, and Security, direct all levels of our business in environmental stewardship, strong workforce safety and health practices, social responsibility and good governance. With clear targets, open communication and transparent reporting, we strive for continuous improvement to meet the evolving expectations of investors, governments, communities and other key stakeholders, and to contribute to a sustainable future for all.

Stakeholder Engagement. We engage regularly with relevant stakeholders, who we consider to be any person or organization potentially impacted by our activities or influential to our success, which allows us to gain a greater understanding of their needs, interests and perspectives while, at the same time, encouraging shared decision making to promote mutually beneficial outcomes. These engagements also inform what information is most useful for stakeholders for the purposes of our non-financial reporting. Newmont also engages with and commits to meeting the expectations of a variety of organizations at a global, regional, national and local level - and where applicable - adhering to these organizations' high standards of governance, social and environmental policies and performance. These memberships and other external commitments reflect our values, support our approach to working collaboratively on best practices across several key matters and allow external stakeholders to hold us accountable. Our participation in industry initiatives, wherein we often take a leadership role, allows us to inform and influence global standards and practices, as well as gain insight into emerging expectations and issues.

Reporting. We believe that transparency and accountability are key attributes of governance. Since 2003, Newmont has been reporting on how we manage the sustainability issues of relevance to stakeholders around the globe. Our sustainability report provides an annual review of non-financial performance on governance, strategy and management approach, risk management, and performance and targets in key areas that include health, safety and security, workforce, the environment, supply chain, social responsibility, business integrity and compliance, value sharing, and equity, inclusion and diversity domains. Our sustainability report is compiled in accordance with the Global Reporting Initiative ("GRI") 2021 Universal Standards Core option, the GRI Mining and Metals Sector Supplement, and the Sustainability Accounting Standards Board ("SASB") Metals & Mining standards. Data is subject to an external limited assurance review and reflects Newmont’s commitment to transparency and reporting obligations as a founding member of the International Council on Mining and Metals ("ICMM") and as an early adopter of the United Nations ("UN") Guiding Principles Reporting Framework. Additionally, our sustainability report aligns with the requirements the ICMM's Mining Principles' Performance Expectations and Position Statements, the GISTM and the World Gold Council's Responsible Gold Mining Principles.

Newmont’s sustainability reporting suite also includes our sustainability-linked bond framework, ESG data tables, conflict-free gold report, modern slavery statement, policy influence disclosures, political spending disclosures, taxes and royalties contributions report, CDP (formerly, “Carbon Disclosure Project”) responses, and other reports and responses, which can be found on our website at www.newmont.com/sustainability.

The information on our website, including, without limitation, in the annual sustainability report and climate report, should not be deemed incorporated by reference into this annual report or otherwise “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

Environmental Practices

Climate Change. We accept the Intergovernmental Panel on Climate Change’s ("IPCC") assessment of climate science, and we acknowledge that human activities contribute to climate change and business has an important role in addressing this global challenge. It is our firm belief that climate change is one of the greatest global challenges of our time. For a discussion of climate-related risks, refer to Item 1A, Risk Factors.

Climate Targets and Initiatives to Achieve. We believe that value-creation industries like mining have a responsibility to drive actions to transition us to a low-carbon economy. In an effort to play our part in addressing climate change, in 2020 we announced science-based, GHG emissions reduction targets of 32% for Scope 1 and Scope 2 and 30% for Scope 3 by 2030 ("2030 climate targets"), with an ultimate goal of being carbon neutral by 2050. Newmont's emission calculation methodology framework dictates that any change of 5% resulting from divestitures or acquisitions requires recalculation of baseline data. The acquisition of Newcrest in November 2023 triggered Newmont to recalculate the target baseline years and trailing years of GHG emissions data. We are continuing to review our targets and roadmap which may result in amendments in the future. Investors are reminded that climate-

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related targets are subject to aspirational management goals and forward-looking statements, which remain subject to risks and uncertainties. Refer to Forward-Looking Statements, below, and Item 1A, Risk Factors of this report under the heading "Our operations and projects are subject to a range of risks related to transitioning the business to meet regulatory, societal and investor expectations for operating in a low-carbon economy."

Our most significant opportunities to reduce emissions exist in building or deploying cleaner energy solutions at our mine sites, as well as the greening of the electrical grid that supplies energy to our operations. Since announcing our 2030 climate targets, we have taken steps to invest in climate change initiatives in support of our goal. We also see sustainable finance as a way to further demonstrate Newmont's focus on climate change. In December 2021, Newmont became the first in the mining industry to issue a sustainability-linked bond, with the registered public offering of $1 billion aggregate principal amount of 2.6% Sustainability-Linked Senior Notes due 2032 (the "Notes"), with the coupon linked to Newmont’s performance against key ESG goals regarding 2030 climate targets. In connection with the issuance of the Notes, Newmont published a Sustainability-Linked Bond Framework and obtained a second party opinion on the framework from Institutional Shareholder Services group of companies ("ISS") ESG. The Notes align Newmont’s business and financing by creating a direct link between its sustainability performance and funding strategies.

In addition to our focus on reducing carbon emissions, we believe that access to clean, safe water is a human right, and reliable water supplies are vital for hygiene, sanitation, livelihoods and the health of the environment. Because water is also critical to our business, we recognize the need to use water efficiently, protect water resources, and collaborate with the stakeholders within the watersheds where we operate to effectively manage this shared resource. We operate in water-stressed areas with limited supply and increasing population and water demand. Increasing pressure on water use may occur due to increased populations in and around communities in proximity to our operations.

Biodiversity. Our operations span five continents in a range of ecosystems that include tropical, desert and arctic climates. We understand the impact our activities can have on the environment and are committed to protect and prevent – or otherwise minimize, mitigate and remediate – those impacts in the areas where we operate through responsible management during all aspects of the mine lifecycle and collaboration with stakeholders to develop integrated approaches to land use.

Our Environmental Impact. We conduct our operations so as to protect public health and the environment and believe our operations are in compliance with applicable laws and regulations in all material respects. Our mining and exploration activities are subject to various laws and regulations in multiple jurisdictions governing the protection of the environment. These laws and regulations are continually changing.

Our Environmental Reclamation and Remediation Commitments. Each operating mine has a reclamation plan in place that meets, in all material respects, applicable legal and regulatory requirements. We are also involved in several matters concerning environmental obligations associated with former, primarily historical, mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites. The reclamation and remediation stage is a multifaceted process with complex risks. Successfully closing and reclaiming mines is crucial for gaining stakeholder trust and maintaining social acceptance. Notably, Newmont is committed to the implementation of the GISTM and disclosure of implementation status for tailings facilities by August 2025. Conformance with the GISTM remains ongoing and has and may continue to result in further increases to our sustaining costs and estimated closure costs. Additionally, laws, regulations and permit requirements focused on water management and discharge requirements for operations and water treatment in connection with closure are becoming increasingly stringent. Compliance with water management and discharge quality remains dynamic and has and may continue to result in further increases to our estimated closure costs. For a discussion of the most significant reclamation and remediation activities, refer to Note 6 and Note 25 to the Consolidated Financial Statements. For discussion of regulatory, tailings storage facilities, water, climate and other environmental risks, refer to Item 1A, Risk Factors, for additional information.

Social Practices

Our People. At Newmont, one of the strategic pillars is people.

The success of our business comes from the accomplishments and well-being of our employees and contractors. That is why we strive to build a workplace culture that fosters leaders where everyone belongs, thrives, and is valued.

At December 31, 2024, approximately 22,200 people were employed by Newmont and Newmont subsidiaries and approximately 20,400 people were working as contractors in support of Newmont’s operations and attainment of our objectives. Additionally, at December 31, 2024, approximately 30% of our workforce were members of a union or participated in collective bargaining. We are committed to fostering solid relationships with all members of our workforce based on trust, treating workers fairly and providing them with safe and healthy working conditions. For a discussion of related risks, refer to Item 1A, Risk Factors.

Our people strategy represents a multi-year journey, and its three pillars and respective aspirations include: (i) leadership – grow and attract exceptional leaders for our Company, the industry and beyond; (ii) inclusion, diversity and equity - through bold actions cultivate an inclusive, diverse and engaged workforce; and (iii) people experiences - foster a meaningful work experience that enables our culture and strategy to flourish. The Board of Directors’ Leadership Development and Compensation Committee holds reviews with management every quarter and on an ad hoc basis as needed to ensure appropriate management of human capital and progress against our stated goals.

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The people who work on our behalf give us a competitive advantage. Through our global people strategy, we align our talent management efforts with the overall business strategy. The strategy’s focus areas include enhancing the employee experience and evolving for future workforce needs; building our bench strength and leadership capabilities; developing effective labor relations that align stakeholders with a shared future; and improving inclusion.

Inclusion, Diversity, and Equity. Inclusion is one of our five core values. We support this through a focus on our culture and four key areas of inclusion: (i) start with respect; (ii) listen to and engage employees; (iii) leverage dissonance, consistency, and persistence toward a future state culture; and (iv) focus on the career progress of underrepresented team members. Newmont is an equal employment opportunity employer and Newmont's policy is to not make employment-related decisions based on gender or any other protected basis.

In our annual sustainability report, Newmont voluntarily reports workforce and labor information in accordance with GRI Standards, including data on workforce demographics, compensation and equal remuneration, gender diversity, union representation, labor relations, employee turnover, hiring representation, and training and development. Newmont also reports employment data in U.S. Equal Employment Opportunity Commission EEO-1 reports which can be found on our website. The information in our sustainability report and on our website is not incorporated by reference in this annual report.

ESG Performance-based Compensation. The importance of ESG performance is emphasized with our workforce through our training and development programs and our compensation design. Employees eligible for our short-term incentive plan are held accountable for the Company’s health, safety, and sustainability performance through Newmont’s performance-based compensation structure. ESG will comprise 30% of the Company’s Short-term Incentive Plan payout for 2024, with 20% allocated to health & safety metrics and 10% to sustainability performance based community and environment metrics.

Additional information regarding the Company’s compensation programs and performance will be provided in the 2025 Proxy Statement.

Health and Safety. Safeguarding the health and safety of our employees and contractors is fundamental to how we operate. Mining activities pose risks and hazards that must be effectively managed and controlled to minimize their impact. Safety is one of Newmont's core values, and our global Health, Safety, and Security strategy aims to advance our journey toward a workplace free from fatalities, injuries and illnesses. We believe that our operations are in compliance with applicable laws and regulations in all material respects. We continue to sustain robust controls at our operations and offices around the globe. We measure the effectiveness of our approach to managing the wide range of health and safety risks by setting measurable objectives and targets. The quality and effectiveness of our health and safety controls are audited regularly as part of our assurance and governance process.

Commitments to Communities. Gaining and maintaining the trust of stakeholders impacted by a business is an ongoing endeavor. At Newmont, we use a methodical approach to managing stakeholder relationships and earning social acceptance. Through understanding and managing our activities' impacts on communities and involving local stakeholders in decision making, we aim to build ensuring relationships based on respect and mutually beneficial and sustainable development outcomes. We monitor various metrics and performance objectives to assess the effectiveness of our social acceptance approach, and to better understand both the positive and negative impacts that our activities have on host communities. We seek to include impacted communities and groups in determining mitigation or optimization of these impacts in a manner that is culturally appropriate and with the consent of those impacted. We also recognize our responsibility to respect and promote human rights.

Governance Practices

Board of Directors Oversight. Newmont believes that strong corporate governance, with management accountability and active oversight from an experienced Board of Directors, is essential for mitigating risk, serving in the best interests of all stakeholders and creating long-term value. The highest level of oversight at Newmont resides with Newmont’s Board of Directors (the “Board”). The Board plays a critical role, overseeing the Company’s business strategy and the overall goal of delivering long-term value creation for stockholders and other stakeholders. The members of Newmont’s Board bring a broad range of backgrounds, experiences and talents, along with ethnic, racial and gender diversity, to our governance process. As of December 31, 2024, the Board was comprised of 13 directors (12 independent non-executive directors and one executive director) with more than 58% of the independent directors with a form of ethnic, racial or gender diversity to the Board, with 42% female representation among independent directors.

Four core Board committees, Audit, Corporate Governance and Nominating, Leadership Development and Compensation, and Safety and Sustainability, provide oversight and guidance in these key areas. Each committee assists the Board in carrying out responsibilities such as assessing major risks, ensuring high standards of ethical business conduct, succession planning and talent management, and approving and providing oversight of the sustainability strategy, which includes commitments to adoption of best practices in promotion of a healthy and safe work environment, and environmentally sound and socially responsible mining and resource development. All members of these four core Committees are independent, as defined in the listing standards of the New York Stock Exchange and Newmont’s Corporate Governance Guidelines. More information on Newmont’s Board, governance practices and risk oversight can be found in our annual Proxy Statement.

Code of Conduct. Our global Code of Conduct (the “Code”), which was adopted and approved by Newmont’s Board, forms the foundation for our integrity expectations, and six overarching policies, along with our standards on Anti-Corruption, Conflicts of

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Interest, Gifts and Entertainment and U.S. Export Compliance, state the minimum requirements for conducting business honestly, ethically and in the best interests of Newmont. Our Code reflects our belief that as important as what we do is how we do it. It requires all representatives of Newmont to demonstrate our values – safety, integrity, sustainability, inclusion and responsibility – in every aspect of our professional lives and ultimately, to live up to our purpose, which is to create value and improve lives through sustainable and responsible mining.

Governance Materials. Our Corporate Governance Guidelines, Proxy Statement, policies, and the charters for the Committees of Board of Directors are available on our website, www.newmont.com, and are available free of charge upon request to Investor Relations at our principal executive office. We also file with the New York Stock Exchange an annual certification that our Chief Executive Officer is unaware of any violation of the NYSE’s corporate governance standards. We make available free of charge through our website this annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act, as soon as reasonably practicable after such material is electronically filed with or furnished to the SEC. The information on our website is not incorporated by reference in this report.

Risk Factor Summary

We are subject to a variety of risks and uncertainties, including risks related to our operations and business, financial risks, risks related to our industry, environmental and climate risks, risks related to the jurisdictions in which we operate, risks related to our workforce, legal risks and risks related to our common stock, which could have a material adverse effect on our business, financial condition, results of operations and cash flows. Risks that we deem material are described in Item 1A, Risk Factors of this report. These risks include, but are not limited to, the following:

•A substantial or extended decline in gold, copper, silver, lead or zinc prices would have a material adverse effect on us.

•We may be unable to replace gold, copper, silver, lead or zinc reserves as they become depleted.

•Estimates of proven and probable reserves and measured, indicated and inferred resources are uncertain and actual recoveries may vary from our estimates.

•Estimates relating to projects and mine plans of existing operations are uncertain and we may incur higher costs and lower economic returns than estimated.

•Increased operating and capital costs could affect our profitability.

•Mine closure, reclamation and remediation costs for environmental liabilities may exceed the provisions we have made.

•Damage to our reputation may result in decreased investor confidence, challenges in maintaining positive community relations and can pose additional obstacles to our ability to develop our projects, which may result in a material adverse impact on our business, financial position, results of operations and growth prospects.

•We are dependent upon information technology and operational technology systems, which are subject to disruption, damage, failure or cybersecurity attacks and risks associated with implementation, upgrade, operation and integration.

•To the extent we hold or acquire interests in any joint ventures or enter into any joint ventures, our interests in these properties is subject to risks normally associated with the conduct of joint ventures.

•Our operations and business have in the past been affected by the COVID-19 pandemic, and may be materially and adversely impacted in the future by pandemics, epidemics and other health emergencies.

•Increased exposure to foreign exchange fluctuations and capital controls may adversely affect Newmont’s costs, earnings and the value of some of our assets.

•Future funding requirements may affect our business, our ability to pursue new business opportunities, invest in existing and new projects, pay cash dividends or engage in share repurchase transactions.

•Our long-lived assets and goodwill could become impaired, which could have a material non-cash adverse effect on our results of operations.

•Our ability to recognize the benefits of deferred tax assets is dependent on future cash flows and taxable income.

•Any downgrade in the credit ratings assigned to our debt securities could increase our future borrowing costs and adversely affect the availability of new financing.

•Returns for investments in pension plans are uncertain.

•We may experience increased costs or losses resulting from the hazards and uncertainties associated with mining.

•Mining operations involve a high degree of risk, including hazards related to the use of explosives and hazardous chemicals and critical equipment failure.

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•We rely on our supply chain operations to procure goods and services to support our operations and projects, and competition with other natural resource companies, and shortage of critical parts, services and equipment may adversely affect our operations and development projects.

•We may be unable to obtain or retain necessary permits and land or mining tenure which could adversely affect our operations and projects.

•Mining companies are increasingly required to consider and provide benefits to the communities and countries in which they operate in order to maintain operations.

•Illegal mining and artisanal mining occurs on or adjacent to certain of our properties exposing such sites to security risks.

•Civil disturbances and criminal activities can disrupt business and expose the Company to liability.

•Our operations and projects face substantial regulation of health and safety.

•Our operations and projects are subject to extensive environmental laws and regulations.

•Our operations and projects are subject to a range of risks related to transitioning the business to meet regulatory, societal and investor expectations for operating in a low-carbon economy.

•Our operations and projects are subject to a range of transitional and physical risks related to climate change.

•Our Company and the mining industry are facing continued geotechnical, geothermal and hydrogeological challenges, which could adversely impact our production and profitability.

•Our operations and projects may be adversely affected by rising energy prices or energy shortages.

•Our operations and projects are dependent on the availability of sufficient water supplies and subject to water-related risks.

•Our operations and projects are subject to risks related to our relationships and/or agreements with local communities, including Indigenous Peoples, and laws for the protection of cultural heritage.

•Our operations and projects are subject to risks of doing business in multiple jurisdictions.

•New or changing legislation and tax risks in certain operating jurisdictions could negatively affect us.

•Changes in mining or investment policies or shifts in political and social attitudes in the jurisdictions in which we operate may adversely affect our operations or profitability.

•Our operations at Yanacocha and projects in Peru are subject to political and social unrest risks.

•Our Merian operation in Suriname is subject to political, security and economic risks.

•Our operations at Ahafo and Akyem in Ghana are subject to political, economic, security and other risks.

•Our operations in Argentina are susceptible to risk as a result of economic and political instability in Argentina, regulatory risk and labor unrest.

•Our operations at Lihir and project at Wafi-Golpu in Papua New Guinea are subject to political and regulatory risks and other uncertainties.

•Our operations and projects in Canada are subject to legal and regulatory risks and other uncertainties in connection with claims and challenges by Indigenous groups.

•Our business depends on good relations with our employees.

•Our Peñasquito operation in Mexico is subject to social, political, regulatory, and economic risks.

•We may not be able to operate successfully if we are unable to recruit, hire, retain and develop key personnel and a qualified and diverse workforce. In addition, we are dependent upon our employees being able to perform their jobs in a safe and respectful work environment.

•We rely on contractors to conduct a significant portion of our operations and construction projects.

•Our business is subject to the U.S. Foreign Corrupt Practices Act, and other related anti-bribery laws and regulations. A breach or violation of these rules and regulations could lead to substantial sanctions and civil and criminal prosecution, as well as fines and penalties, litigation, loss of licenses or permits and other collateral consequences and reputational harm.

•Our business is subject to U.S. export control laws, economic sanctions, and other international trade compliance regulations with extraterritorial reach. A breach or violation of these laws could lead to substantial sanctions, civil and criminal prosecution, fines, penalties, litigation, loss of licenses or permits, and other collateral consequences, including reputational harm.

•Title to some of our properties may be insufficient, defective, or challenged.

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•The price of our common stock may be volatile, which may make it difficult for you to sell the common stock at the price you paid or at prices you find attractive.

•Holders of our common stock, CDIs and PDIs may not receive dividends.

•Compliance with exchange listing rules as a foreign exempt listing may differ from investor expectations.

•Assets held for sale may not ultimately be divested and we may not receive all or any deferred compensation.

•The Company’s asset divestitures place demands on the Company’s management and resources, the sale of divested assets may not occur as planned or at all, and the Company may not realize the anticipated benefits of such divestitures.

Additional risks and uncertainties not presently known to us or that we currently deem immaterial also may impair our business, financial condition, results of operations and cash flows.

Forward-Looking Statements

Certain statements contained in this report (including information incorporated by reference herein) are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are intended to be covered by the safe harbor provided for under these sections. Words such as “expect(s),” “feel(s),” “believe(s),” “will,” “may,” “anticipate(s),” “estimate(s),” “should,” “intend(s),” "target(s)," "plan(s)," "potential," and similar expressions are intended to identify forward-looking statements. Our forward-looking statements may include, without limitation:

•estimates regarding future earnings and the sensitivity of earnings to gold, copper, silver, lead, zinc and other metal prices;

•estimates of future mineral production and sales;

•estimates of future production costs, other expenses and taxes for specific operations and on a consolidated basis, including estimates of future costs applicable to sales and all-in sustaining costs;

•estimates of future cash flows and the sensitivity of cash flows to gold, copper, silver, lead, zinc and other metal prices;

•estimates of future capital expenditures, including development and sustaining capital, as well as construction or closure activities and other cash needs, for specific operations and on a consolidated basis, and expectations as to the funding or timing thereof;

•estimates as to the projected development of certain ore deposits or projects, such as the Tanami Expansion 2, Ahafo North, Yanacocha Sulfides, Pamour, Cerro Negro District Expansion 1, Cadia Panel Caves, Red Chris Block Cave and Wafi-Golpu, including without limitation expectations for the production, milling, costs applicable to sales, all-in sustaining costs, mine-life extension, the costs of such development and other capital costs, financing plans for these deposits and expected production commencement dates, construction completion dates and other timelines;

•estimates of reserves and resources statements regarding future exploration results and reserve and resource replacement and the sensitivity of reserves to metal price changes;

•statements regarding the availability of, and terms and costs related to, future borrowing or financing and expectations regarding future share repurchase transactions, debt repayments or debt tender transactions;

•statements regarding future cash flows and returns to stockholders, including with respect to future dividends, the dividend framework and expected payout levels;

•estimates regarding future exploration expenditures and discoveries;

•statements regarding fluctuations in financial and currency markets;

•estimates regarding potential cost savings, productivity, operating performance and ownership and cost structures;

•expectations regarding statements regarding future or recently completed transactions, including, without limitation, statements related to projected benefits, synergies and costs associated with acquisitions and related matters;

•expectations regarding potential divestments, including, without limitation, assets held for sale;

•estimates of future cost reductions, synergies, including pre-tax synergies, savings and efficiencies, and future cash flow enhancements through portfolio optimization;

•expectations of future equity and enterprise value;

•expectations regarding the start-up time, design, mine life, production and costs applicable to sales and exploration potential of our projects;

•statements regarding future hedge and derivative positions or modifications thereto;

•statements regarding local, community, political, economic or governmental conditions and environments;

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•statements and expectations regarding the impacts of COVID-19 and variants thereof and other health and safety conditions;

•statements regarding the impacts of changes in the legal and regulatory environment in which we operate, including, without limitation, relating to regional, national, domestic and foreign laws;

•statements regarding climate strategy and expectations regarding greenhouse gas emission targets and related operating costs and capital expenditures;

•statements regarding expected changes in the tax regimes in which we operate, including, without limitation, estimates of future tax rates and estimates of the impacts to income tax expense, valuation of deferred tax assets and liabilities, and other financial impacts;

•estimates of income taxes and expectations relating to tax contingencies or tax audits;

•estimates of future costs, accruals for reclamation costs and other liabilities for certain environmental matters, including without limitation, in connection with water treatment, such as the Yanacocha water treatment plants, and tailings management;

•statements relating to potential impairments, revisions or write-offs, including without limitation, the result of fluctuation in metal prices, unexpected production or capital costs, or unrealized reserve potential;

•estimates of pension and other post-retirement costs;

•statements regarding estimates of timing of adoption of recent accounting pronouncements and expectations regarding future impacts to the financial statements resulting from accounting pronouncements; and

•estimates of future cost reductions, synergies, savings and efficiencies in connection with full potential programs and initiatives.

Where we express 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, our forward-looking 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 those forward-looking statements. Such risks include, but are not limited to:

•there being no significant change to current geotechnical, metallurgical, hydrogeological and other physical conditions;

•the price of gold, copper, silver, lead, zinc and other metal prices and commodities;

•the cost of operations and prices for key supplies;

•currency fluctuations, including exchange rate assumptions;

•other macroeconomic events impacting inflation, interest rates, supply chain, and capital markets;

•operating performance of equipment, processes and facilities;

•environmental impacts and geotechnical challenges including in connection with climate-related and other catastrophic events;

•labor relations;

•healthy and safety impacts including in connection with global events, pandemics, and epidemics;

•timing of receipt of necessary governmental and regulatory permits or approvals;

•domestic and foreign laws or regulations, particularly relating to the environment, mining and processing;

•changes in tax laws;

•political developments in any jurisdiction in which Newmont operates being consistent with its current expectations;

•our ability to obtain or maintain necessary financing; and

•other risks and hazards associated with mining operations.

More detailed information regarding these factors is included in Item 1A, Risk Factors and elsewhere throughout this report. Many of these factors are beyond our ability to control or predict. Given these uncertainties, readers are cautioned not to place undue reliance on our forward-looking statements.

All subsequent written and oral forward-looking statements attributable to Newmont or to persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. We disclaim any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

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Available Information

Newmont maintains a website at www.newmont.com and makes available, through the Investor Relations section of the website, its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, Section 16 filings and all amendments to those reports, as soon as reasonably practicable after such material is electronically filed with the SEC. Certain other information, including Newmont’s Corporate Governance Guidelines, the charters of key committees of its Board of Directors and its Code of Conduct are also available on the website.

ITEM 1A. RISK FACTORS (dollars in millions, except per share, per ounce and per pound amounts)

Our business activities are subject to significant risks, including those described below. You should carefully consider these risks. If any of the described risks actually occurs, our business, financial position and results of operations could be materially adversely affected. Such risks are not the only ones we face and additional risks and uncertainties not presently known to us or that we currently deem immaterial may also affect our business. This report contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in the forward-looking statements as a result of a number of factors, including the risks described below. Refer to “Forward-Looking Statements.”

Risks Related to Our Operations and Business

A substantial or extended decline in gold, copper, silver, lead or zinc prices would have a material adverse effect on us.

Our business is dependent on the prices of gold, copper, silver, lead and zinc, which fluctuate on a daily basis and are affected by numerous factors beyond our control. Factors tending to influence prices include:

•Gold sales, purchases or leasing by governments and central banks;

•Speculative short positions taken by significant investors or traders in gold, copper, silver, lead, zinc or other metals;

•The relative strength of the U.S. dollar;

•The monetary policies employed by the world’s major Central Banks;

•The fiscal policies employed by the world’s major industrialized economies;

•Expectations of the future rate of inflation;

•Interest rates;

•Recession or reduced economic activity in the United States, Australia, China, India and other industrialized or developing countries;

•Decreased industrial, jewelry, base metal or investment demand;

•Increased import and export taxes;

•Increased supply from production, disinvestment and scrap;

•Forward sales by producers in hedging or similar transactions;

•Availability of cheaper substitute materials; and

•Changing investor or consumer sentiment, including in connection with transition to a low-carbon economy, investor interest in crypto currencies and other investment alternatives and other factors.

Average gold prices for 2024 were $2,386 per ounce (2023: $1,941; 2022: $1,800), average copper prices for 2024 were $4.15 per pound (2023: $3.85; 2022: $3.99), average silver prices for 2024 were $28.27 per ounce (2023: $23.35; 2022: $21.73), average lead prices for 2024 were $0.94 per pound (2023: $0.97; 2022: $0.98), and average zinc prices for 2024 were $1.26 per pound (2023: $1.20; 2022: $1.58). Any decline in our realized prices adversely impacts our revenues, net income and operating cash flows, particularly in light of our strategy of not engaging in hedging transactions with respect to sales of gold, copper, silver, lead or zinc. We have recorded impairments in the current year and may experience additional impairments in future years as a result of lower gold, copper, silver, lead or zinc prices.

In addition, sustained lower gold, silver, copper, zinc or lead prices can:

•Reduce revenues further through production declines due to cessation of the mining of deposits, or portions of deposits, that become uneconomic at sustained lower metal prices;

•Reduce or eliminate the profit that we currently expect from ore stockpiles and ore on leach pads and increase the likelihood and amount that the Company might be required to record write downs related to the carrying value of its stockpiles and ore on leach pads;

•Halt or delay the development of new projects;

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•Reduce funds available for exploration and advanced projects with the result that depleted reserves may not be replaced; and

•Reduce existing reserves by removing ores from reserves that can no longer be economically processed at prevailing prices.

We may be unable to replace gold, copper, silver, lead or zinc reserves as they become depleted.

Mining companies must continually replace reserves depleted by production to maintain production levels over the long term and provide a return on invested capital. Depleted reserves can be replaced in several ways, including expanding known ore bodies, by locating new deposits or acquiring interests in reserves from third parties. Exploration is highly speculative in nature, involves many risks and uncertainties and is frequently unsuccessful in discovering significant mineralization. Accordingly, our current or future exploration programs may not result in new mineral producing operations. Even if significant mineralization is discovered, it will likely take many years from the initial phases of exploration until commencement of production, during which time the economic feasibility of production may change.

We may consider, from time to time, the acquisition of ore reserves from others related to development properties and operating mines. Such acquisitions are typically based on an analysis of a variety of factors including historical operating results, estimates of and assumptions regarding the extent of ore reserves, the timing of production from such reserves and cash and other operating costs. Other factors that affect our decision to make any such acquisitions may also include our assumptions for future gold, copper, silver, lead or zinc prices or other mineral prices and the projected economic returns and evaluations of existing or potential liabilities associated with the property and its operations and projections of how these may change in the future. In addition, in connection with any acquisitions we may rely on data and reports prepared by third parties (including ability to permit and compliance with existing regulations) and which may contain information or data that we are unable to independently verify or confirm. Other than historical operating results, all these factors are uncertain and may have an impact on our revenue, our cash flow and other operating issues, as well as contributing to the uncertainties related to the process used to estimate reserves and resources. In addition, there may be intense competition for the acquisition of attractive mining properties.

As a result of these uncertainties, our exploration programs and any acquisitions which we may pursue may not result in the expansion or replacement of our current production with new ore reserves or operations, which could have a material adverse effect on our business, prospects, results of operations and financial position.

Estimates of proven and probable reserves and measured, indicated and inferred resources are uncertain and the volume and grade of ore actually recovered may vary from our estimates.

The mineral reserves stated in this report represent the amount of gold, copper, silver, lead, zinc and molybdenum that we estimated, at December 31, 2024, could be economically and legally extracted or produced at the time of the reserve determination. Estimates of proven and probable reserves are subject to considerable uncertainty. Such estimates are, or will be, to a large extent, based on the prices of gold, copper, silver, lead, zinc, and molybdenum and interpretations of geologic data obtained from drill holes and other exploration techniques, which data may not necessarily be indicative of future results. If our reserve estimations are required to be revised due to significantly lower gold, copper, silver, lead, zinc, and molybdenum prices, increases in operating costs, reductions in metallurgical recovery or other modifying factors, this could result in material write-downs of our investment in mining properties, goodwill and increased amortization, reclamation and closure charges.

Producers use pre-feasibility or feasibility studies for undeveloped ore bodies to derive estimates of capital and operating costs based upon anticipated tonnage and grades of ore to be mined and processed, the predicted configuration of the ore body, expected recovery rates of metals from the ore, the costs of comparable facilities, the costs of operating and processing equipment and other factors. Actual operating and capital cost and economic returns on projects may differ significantly from original estimates. Further, it may take many years from the initial phases of exploration until commencement of production, during which time, the economic feasibility of production may change.

Additionally, resources do not indicate proven and probable reserves as defined by the SEC or the Company’s standards. Estimates of measured, indicated and inferred resources are subject to further exploration and development, and are, therefore, subject to considerable uncertainty. Inferred resources, in particular, have a great amount of uncertainty as to their existence and their economic and legal feasibility. The Company cannot be certain that any part or parts of the resource will ever be converted into mineral reserves.

In addition, if the price of gold, copper, silver, lead, zinc, or molybdenum declines from recent levels, if production costs increase, grades decline, recovery rates decrease or if applicable laws and regulations are adversely changed, the indicated level of recovery may not be realized or mineral reserves or resources might not be mined or processed profitably. Similarly, mineral reserves may be impacted if assumptions relating to mine planning change or are not achieved, for example if planned improvements from our Full Potential programs are not realized. If we determine that certain of our mineral reserves have become uneconomic, this may ultimately lead to a reduction in our aggregate reported mineral reserves and resources. Consequently, if our actual mineral reserves and resources are less than current estimates, our business, prospects, results of operations and financial position may be materially impaired.

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Mineral reserves and resources disclosed in this Form 10-K have been prepared in accordance with the Regulation S-K 1300. In 2021, the Company transitioned its approach to reporting and internal methodologies to take into account the required change from the SEC’s Industry Guide 7 to Regulation S-K 1300. To the extent that regulators adopt new requirements and issue or modify related guidance and interpretations in the future, it could result in changes to mineral reserve and mineral resource information.

Estimates relating to projects and mine plans of existing operations are uncertain and we may incur higher costs and lower economic returns than estimated.

Mine development and expansion projects typically require a number of years and significant expenditures during the development phase before production is possible. Such projects could experience unexpected problems and delays during permitting, development, construction and mine start-up. Our decision to develop a project is typically based on the results of studies, which estimate the anticipated economic returns of a project. The actual project profitability or economic feasibility may differ from such estimates as a result of any of the following factors, among others:

•Changes in tonnage, grades and metallurgical characteristics of ore to be mined and processed;

•Changes in input commodity and labor costs, including as a result of inflation or tariffs;

•The quality of the data on which engineering assumptions were made;

•Increases in development capital and investment costs;

•Adverse geotechnical, geothermal and hydrogeological conditions;

•Availability of adequate and skilled labor force;

•Availability, supply and cost including: critical assets, water, reagents, and power;

•Costs related to environmental management and sales including waste management, monitoring and transport and storage of product sales;

•Fluctuations in inflation and currency exchange rates;

•Availability, cost and terms of financing;

•Ability to achieve anticipated benefits, synergies, savings and other efficiencies in connection with acquisitions, full potential programs and initiatives, and through portfolio optimization and divestitures;

•Delays or inability to obtain environmental or other government permits or approvals or changes in the laws and regulations related to our operations or project development;

•Changes in tax laws, customs law and tariffs, the laws and/or regulations around royalties and other taxes due to the regional and national governments and royalty agreements;

•Government instability, including in jurisdictions that do not have a long-standing or significant mining industry, such that there may be limited clarity on agreements with such governments, or decreased governmental support for development of mining projects;

•Weather or severe climate impacts, including, without limitation, prolonged or unexpected precipitation, drought and/or sub-zero temperatures;

•Potential delays and restrictions in connection with health and safety issues, including pandemics (such as COVID-19 and related variants) and other infectious diseases, such as malaria or the zika virus;

•Potential delays relating to social and community issues, including, without limitation, issues resulting in protests, road blockages or work stoppages; and

•Potential challenges to mining activities or to permits or other approvals or delays in development and construction of projects based on claims of disturbance of cultural resources or the inability to secure consent generally from Indigenous groups.

New projects require, among other things, the successful completion of feasibility studies, attention to various fiscal, tax and royalty matters, obtainment of, and compliance with, required governmental and regulatory permits and arrangements for necessary surface and other land rights. We may also have to identify adequate sources of water and power for new projects, ensure that appropriate community infrastructure (for example, reliable rail, ports, roads, and bridges) is developed to support the project and secure appropriate financing to fund a new project. These infrastructures and services are often provided by third parties whose operational activities are outside of our control. Establishing infrastructure for our development projects requires significant resources, identification of adequate sources of raw materials and supplies, and the cooperation of national and regional governments, none of which can be assured. In addition, new projects have no operating history upon which to base estimates of future financial and operating performance, including future cash flow. Thus, it is possible that actual costs may increase and economic returns may differ materially from our estimates. Consequently, our future development activities may not result in the expansion or replacement of current production with new production, or one or more of these new production sites or facilities may be less profitable than currently

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anticipated or may not be profitable at all, any of which could have a material adverse effect on our results of operations and financial position.

For our existing operations, we base our mine plans on geological and metallurgical assumptions, financial projections and commodity price estimates. These estimates are periodically updated to reflect changes in our operations, including modifications to our proven and probable reserves, revisions to environmental obligations, changes in legislation and/or our political or economic environment, and other significant events associated with or impacting mining operations. Further, future positive revisions, if any, remain subject to improvements in costs, recovery, commodity price or a combination of these and other factors. Additionally, we review our operations for events and circumstances that could indicate that the carrying value of our long-lived assets may not be recoverable. If indicators of impairment are determined to exist at our mine operations, and an impairment charge is incurred, such charges are not reversible at a later date even when favorable modifications to our proven and probable reserves and measured, indicated and inferred resources, favorable revisions to environmental obligations, favorable changes in legislation and/or our political or economic environment, and other favorable events occur. As a result of these uncertainties, actual results may be less favorable than estimated returns and initial financial outlook.

Increased operating and capital costs could affect our profitability.

Costs at any particular mining location are subject to variation due to a number of factors, such as variable ore grade, changing metallurgy and revisions to mine plans in response to the physical shape and location of the ore body, as well as the age and utilization rates for the mining and processing related facilities and equipment. In addition, costs are affected by the price and availability of input commodities, such as fuel, electricity, labor, chemical reagents, explosives, steel, concrete and mining and processing related equipment and facilities. Commodity costs are, at times, subject to volatile price movements, including increases that could make production at certain operations less profitable. Further, changes in laws and regulations can affect commodity prices, uses, and transport. Reported costs may also be affected by changes in accounting standards. A material increase in costs at any significant location could have a significant effect on our profitability and operating cash flow.

Our operational costs, including, without limitation, labor costs, can be impacted by inflation. Certain of our operations are located in countries that have in the past experienced high rates of inflation, such as in Argentina, Suriname, and Ghana. It is possible that in the future, high inflation in the countries in which we operate may result in an increase in operational costs in local currencies (without a concurrent devaluation of the local currency of operations against the dollar or an increase in the dollar price of gold, copper, silver, lead or zinc). A material increase in costs at any significant location could have a significant effect on our profitability and operating cash flow.

We could have significant increases in capital and operating costs over the next several years in connection with new projects, costs related to closure reclamation activities, and in the sustaining and/or expansion of existing mining and processing operations. Costs associated with capital expenditures may increase in the future as a result of factors beyond our control. Increased capital expenditures may have an adverse effect on the profitability of and cash flow generated from existing operations, as well as the economic returns anticipated from new projects. Significantly higher and sustained increases in operational costs or capital expenditures could result in the deferral or closure of projects and mines in the event that costs become prohibitive.

Mine closure, reclamation and remediation costs for environmental liabilities may exceed the provisions we have made.

Natural resource extractive companies are required to close their operations and rehabilitate the lands that they mine in accordance with a variety of environmental laws and regulations. Estimates of the total ultimate closure and rehabilitation costs for gold, silver, copper, zinc and lead mining operations are significant and based principally on current legal, community and regulatory requirements and mine closure plans that may change materially.

Additionally, we may be held responsible for the costs of addressing contamination at the site of current or former activities or at third party sites or be held liable to third parties for exposure to hazardous substances should those be identified in the future. Under the U.S. Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (“CERCLA”) and its state law equivalents, current or former owners of properties may be held jointly and severally liable for the costs of site cleanup or required to undertake remedial actions in response to unpermitted releases of hazardous substances at such property, in addition to, among other potential consequences, liability to governmental entities for the cost of damages to natural resources, which may be significant. These subject properties are referred to as “superfund” sites. For example, the inactive Midnite uranium mine is a superfund site subject to CERCLA. It is possible that certain of our other current or former operations, projects or exploration locations in the U.S. could be designated as a superfund site in the future, exposing us to potential liability under CERCLA.

The laws and regulations governing mine closure and reclamation in a particular jurisdiction are subject to review at any time and may be amended to impose additional requirements and conditions which may cause our provisions for environmental liabilities to be underestimated and could materially affect our financial position or results of operations. For a more detailed description of potential environmental liabilities, see the discussion in Environmental Matters in Note 25 to the Consolidated Financial Statements. In addition, regulators are increasingly requesting security in the form of cash collateral, credit, trust arrangements or guarantees to secure the performance of environmental obligations, which could have an adverse effect on our financial position. Any underestimated or unanticipated retirement and rehabilitation costs could materially affect our financial position, results of operations and cash flows. Environmental liabilities are accrued when they become known, or new permit conditions or limits are added, are probable and can be

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reasonably estimated. Whenever a previously unrecognized remediation liability becomes known, or a previously estimated reclamation cost is increased, the amount of that liability and additional cost will be recorded at that time and could materially reduce our consolidated net income attributable to Newmont stockholders and potentially result in impairments.

For example, in early 2015 and again in June 2017, the Peruvian government agency responsible for certain environmental regulations, the MINAM, issued proposed modifications to water quality criteria for designated beneficial uses which apply to mining companies, including Yanacocha. These criteria modified the in-stream water quality criteria pursuant to which Yanacocha has been designing water treatment processes and infrastructure. In 2017, Yanacocha submitted a modification to its previously approved compliance achievement plan to the MINEM. In May 2022, Yanacocha submitted a proposed modification to this plan requesting an extension of time for coming into full compliance with the new regulations to 2027. In June 2023, Yanacocha received approval of its updated compliance plan from MINEM and was granted an extension to June 2026 to achieve compliance. The Company appealed this approval to the Mining Council requesting the regulatory extension until 2027, and in April 2024, MINEM approved the compliance schedule.

The Company is conducting detailed studies to better estimate water management and other closure activities that will ensure water quality and quantity discharge requirements, including the modifications promulgated by MINAM, as referenced above, will be met. This also includes performing a comprehensive update to the Yanacocha reclamation plan to address changes in closure activities and estimated closure costs while preserving optionality for potential future projects at Yanacocha. These ongoing studies, which will extend beyond the current year, continue to evaluate and revise assumptions and estimated costs of changes to the reclamation plan. While certain estimated costs remain subject to revision, the Company’s asset retirement obligation includes construction and operating costs for two new water treatment plants and initial consideration of known risks (including the associated risk that these water treatment estimates could change in the future as more work is completed). The ultimate construction costs of the two water treatment plants remain uncertain as ongoing study work and assessment of opportunities that incorporates the latest design considerations remain in progress. These and other risks and contingencies that are the subject of ongoing studies could result in future material increases to the reclamation obligation at Yanacocha, including, but not limited to, a comprehensive review of our tailings storage facility management, review of Yanacocha’s water balance and storm water management system and review of post-closure management costs. The ongoing Yanacocha closure studies are expected to be progressed in 2025 and continue in the future. Future material increases or decreases to the asset retirement obligation could occur as additional analyses are completed and further refinements to water quality and volume modeling are completed. Additionally, revisions to the Yanacocha reclamation plan may change in connection with the Company’s ultimate submission and review of the plan with Peruvian regulators. Refer to Notes 6 and 25 to our Consolidated Financial Statements for information regarding reclamation and remediation, and Note 1 to our Consolidated Financial Statements regarding the Company’s interest in Yanacocha.

Damage to our reputation may result in decreased investor confidence, challenges in maintaining positive community relations and can pose additional obstacles to our ability to develop our projects, which may result in a material adverse impact on our business, financial position, results of operations and growth prospects.

Damage to our reputation can be the result of the actual or perceived occurrence of a variety of events and circumstances, and could result in negative publicity (for example, with respect to handling of environmental, tailings and tailings failures, employee, safety and security matters, dealings with local community organizations or individuals, community commitments, handling of cultural sites or resources, and various other matters).

In recent years we have provided greater transparency on environmental, social and governance performance in response to stakeholder engagement and requests, and provided supplemental disclosures in our Annual Sustainability Report and other sustainability reports on our website in connection with stakeholder concerns and issues. Such increased transparency may result in greater scrutiny and impact how the Company is perceived.

Our Code of Conduct (the “Code”) forms the foundation of our internal governance structure as well as our commitment to responsible mining. We encourage employees and others to promptly report incidents of possible violations of the Code and/or our global policies and standards, including without limitation in the areas of business integrity, social and environmental, community relations and human rights. Employees and non-employees, including suppliers and community members, can anonymously report concerns via our third-party-administered helpline. Each mine site also has a complaints and grievances register to record matters raised by local stakeholders. When necessary, we use independent mechanisms agreed to by the complainants, such as a local leader or committee, to facilitate resolution of such matters before they require public or legal intervention. However, we are not always able to resolve these matters before they are raised publicly or in legal or regulatory proceedings and in the future we may not be able to meet the growing demands of stakeholders through these mechanisms. Such matters once publicized may negatively impact our reputation and may have a material adverse effect on our business, financial position and results of operations.

The growing use of social media to generate, publish and discuss community news and issues and to connect with others has made it significantly easier, among other things, for individuals and groups to share their opinions of us and our activities, whether true or not. We do not have direct control over how we are perceived by others and any resulting loss of reputation could have a material adverse effect on our business, financial position and results of operations.

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We are dependent upon information technology and operational technology systems, which are subject to disruption, damage, failure or cybersecurity attacks and risks associated with implementation, upgrade, operation and integration.

Our business operations rely heavily on technology platforms and systems to manage and optimize our globally diverse mining assets. These systems are critical to ensuring safety, operational efficiency, cost management, and meeting environmental, social, and governance (ESG) objectives. However, the increasing sophistication of cybersecurity threats, coupled with the adoption of emerging technologies such as artificial intelligence (AI), automation, and cloud-based platforms, poses important risks to our operations, financial performance, and reputation.

Our systems, as well as those of our third-party service providers, vendors, and partners, face a wide range of cybersecurity threats, including: Ransomware, malware, and phishing schemes targeting critical systems and sensitive data; unauthorized access and breaches affecting intellectual property, financial information, and operational data; vulnerabilities introduced through supply chain dependencies and third-party security weaknesses; human error, design flaws, and system misconfigurations.

The adoption of new technologies and the adoption of remote and flexible work arrangements enhances our operational capabilities but introduces additional risks. AI, for example, is increasingly leveraged by Newmont for decision-making, mineral extraction optimization, and autonomous operations. While AI has the potential to improve efficiency and safety, it also presents unique vulnerabilities, including algorithmic biases that could lead to inaccurate decisions or unintended outcomes; data integrity risks, such as manipulation or corruption of datasets used to train AI systems; unauthorized access or exploitation of AI-powered systems, potentially compromising operations or sensitive data.

Additionally, the increased interconnectivity of automated and cloud-based systems and increase of our remote workforce expands our cyber-attack surface, requiring heightened vigilance and advanced security measures. These risks are further compounded for our operations in countries with higher geopolitical risk.

The Newmont cybersecurity program is designed to protect our technology platforms and address risks associated with the implementation of emerging technologies. While these efforts are designed to align with industry best practices, no system can eliminate all risks, especially given the pace of technological advancement and the evolving nature and increased frequency of cyber threats. In addition, we do not carry specific cybersecurity insurance to help mitigate such costs due to increased premiums and limited market availability.

Therefore, a successful cyberattack or other cybersecurity incident could result in production and operational downtimes, data corruption, and unauthorized disclosure of sensitive information. For example, in 2020, we detected a cyberattack on our systems. Although we were able to respond quickly to stop the continued spread of the threat, it took significant time and resources to fully identify the scope of the attack and to recover our systems and data. The cost of responding to and remediating such event was immaterial. Although the 2020 attempts and other cyber incidents to date have not resulted in any material breaches, disruptions, or loss of business-critical information, our systems and procedures for preparing and protecting against such attempts and mitigating such risks may prove to be insufficient against future attacks. These events may subject us to significant expenses, remediation costs, disputes, financial losses, regulatory actions or investigations, litigation, reputational harm, and delays in the deployment of critical technologies, that could results in damages, material fines and penalties, and harm to our reputation, any of which could have a significant effect on our financial condition, results of operations, liquidity, and cash flows. The risks associated with the implementation of emerging technologies, if not effectively mitigated, could undermine the benefits of these advancements and impact our competitive position.

In addition, we are subject to various legislation, regulations, directives and guidelines from federal, state, local and foreign agencies, that are intended to strengthen cybersecurity measures required for information and operational technology, and that apply to the collection, use, retention, protection, disclosure, transfer and other processing of personal information. Failure to comply with any of applicable legal requirements could result in enforcement action against us, including fines, which could harm our reputation and have a significant effect on our financial condition, results of operations, liquidity, and cash flows.

To the extent we hold or acquire interests in any joint ventures or enter into any joint ventures, our interest in these properties is subject to the risks normally associated with the conduct of joint ventures.

To the extent we hold or acquire interests in any joint ventures or enter into any joint ventures in the future, the existence or occurrence of one or more of the following circumstances and events could have a material adverse impact on our profitability or the viability of our interests held through joint ventures, which could have a material adverse impact on our future cash flows, earnings, results of operations and financial condition:

•inconsistent economic, political or business interests or goals between partners or disagreements with partners on strategy for the most efficient development or operation of mines;

•inability to control certain strategic decisions made in respect of properties;

•exercise of majority rights by our partners so as to take actions for which we may not believe to be in the joint venture’s best interests, including but not limited to decisions related to day to day operations, labor relations, litigation, government relations, political contributions, community relations, project approval and project funding mechanisms;

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•inability of partners to meet their financial and other obligations to the joint venture or third parties;

•disputes between partners regarding management, funding or other decisions related to the joint venture; and

•activities conducted by partners outside the joint venture may lead to reputational or regulatory consequences that negatively affect the performance or reputation of the joint venture due to their association.

To the extent that we are not the operator of joint venture properties, such that we will be unable to control the activities of the operator, the success of such operations will be beyond our control. In many cases we will be bound by the decisions made by the operator in the operation of such property, and will rely on the operator to manage the property and to provide accurate information related to such property. We can provide no assurance that all decisions of operators of properties we do not control will achieve the expected results.

For example, our joint ventures, including the joint venture that combined our and Barrick Gold Corporation’s (“Barrick”) respective Nevada operations, forming NGM, pursuant to the operating agreement entered into on July 1, 2019 between Barrick, Newmont and their wholly-owned subsidiaries party thereto (the “Nevada JV Agreement”), may not be as beneficial to us as expected, whether due to the above-described risks, unfavorable global economic conditions, increases in construction costs, integration challenges, political risks, labor disputes or other factors. Pursuant to the terms of the Nevada JV Agreement, we hold a 38.5 percent economic interest and Barrick holds a 61.5 percent economic interest in NGM. Barrick operates NGM with overall management responsibility and is subject to the supervision and direction of NGM’s Board of Managers, which is comprised of three managers appointed by Barrick and two managers appointed by Newmont. Outside of certain prescribed matters, decisions of the Board of Managers will be determined by majority vote, with the managers appointed by each company having voting power in proportion to such company’s economic interests in NGM. Because we beneficially own less than a majority of the ownership and governance interests in NGM, we have limited control of NGM’s operations, and we depend on Barrick to operate NGM. In the event that Barrick has interests, objectives and incentives with respect to NGM that differ from our own, there can be no assurance that we will be able to resolve such disagreement in our favor. Any such disagreement could have a material adverse effect on our interest in NGM, the business of NGM or the portion of our growth strategy related to NGM. Additionally, to the extent NGM is subject to liabilities or litigation, we would be responsible for a proportional share of certain liabilities and/or NGM’s operations could be impacted, which could have an adverse impact on the Company’s cash flows, earnings, results of operations and financial position.

Newmont is also exposed to non-managed investments related to its joint venture interest in Pueblo Viejo mine (40.0% owned) and Norte Abierto (50% owned). We also hold a 32.0% equity interest in Lundin Gold, a Canadian mine development and operating company, operating the Fruta del Norte gold mine in Ecuador, in addition to a variety of exploration and project joint ventures.

Additionally, the Company is subject to certain funding requirements in connection with its joint ventures. Joint venture funding requirements, as well as the ability of partners to meet their financial and other obligations, may result in increases to our costs and required capital expenditures and possible delays in joint venture activities. Refer to Note 15 to the Consolidated Financial Statements for more information including with respect to loan agreements with Pueblo Viejo.

Our operations and business have in the past been affected by the COVID-19 pandemic, and may be materially and adversely impacted in the future by pandemics, epidemics and other health emergencies.

The Company faces risks related to health epidemics and other outbreaks of communicable diseases, which could significantly disrupt operations and may materially and adversely affect its business and financial conditions. For example, the global COVID-19 pandemic significantly impacted our operations in 2020 and 2021, and to a lesser extent in 2022. In order to protect nearby communities and align with government travel restrictions or health considerations, certain of Newmont’s operations were temporarily put into care and maintenance resulting in a temporary decrease in production at these sites in 2020 and 2021. Additionally, the majority of our sites experienced pandemic-related absenteeism in 2021 and early 2022. In addition, the Company incurred costs during 2020 and 2021 as a result of actions taken to protect against the impact of the COVID-19 pandemic and comply with local mandates, and could be required to incur such costs in the future. Reductions in our operational activities due to COVID-19, or another pandemic, epidemic or health outbreak, could result in additional sites being placed into care and maintenance for extended periods of time and/or have a material adverse impact on our business, or financial condition, results of operations and cash flows. If the majority of our sites are placed into care and maintenance, this could significantly reduce our cash flow and impact our ability to meet certain covenants related to our revolving credit facility and borrowing capacity.

Financial Risk

Increased exposure to foreign exchange fluctuations and capital controls may adversely affect Newmont’s costs, earnings and the value of some of our assets.

Our reporting currency is the U.S. dollar and the majority of our earnings and cash flows are denominated in U.S. dollars. We conduct certain business in currencies other than the U.S. dollar. A portion of our operating expenses are incurred in local currencies. The appreciation of those local currencies against the U.S. dollar increases our costs of production in U.S. dollar terms at mines located outside the United States. The foreign currencies that primarily affect our results of operations are the Australian Dollar and the

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Canadian Dollar. Our consolidated earnings and cash flows may also be impacted by movements in the exchange rates. Change in the value of the currencies of the Australian Dollar, Canadian Dollar, the Mexican Peso, the Argentine Peso, the Ghana Cedi, the Papua New Guinea Kina, the Chilean Peso, the Surinamese Dollar or the Fijian Dollar versus the U.S. dollar could negatively impact our earnings. For information concerning the sensitivity of our Costs applicable to sales to changes in foreign currency exchange rates and more information our exposure to foreign exchange rate fluctuations, see Foreign Currency Exchange Rates section in Part II, Item 7, Management’s Discussion and Analysis of Consolidated Financial Condition and Results of Operations.

From time to time, countries in which we operate adopt measures to restrict the availability of the local currency or the repatriation of capital across borders. These measures are imposed by governments or central banks, in some cases during times of economic instability, to prevent the removal of capital or the sudden devaluation of local currencies or to maintain in-country foreign currency reserves. In addition, many emerging market countries require consents or reporting processes before local currency earnings can be converted into U.S. dollars or other currencies and/or such earnings can be repatriated or otherwise transferred outside of the operating jurisdiction. These measures may have a number of negative effects on Newmont, reducing the immediately available capital that we could otherwise deploy for investment opportunities or the payment of expenses. Measures that restrict the availability of the local currency or impose a requirement to operate in the local currency may create other practical difficulties for Newmont. For example, Argentina has been considered a hyperinflationary environment with a cumulative inflation rate of over 100% over the last three years. In recent years, Argentina’s central bank enacted a number of foreign currency controls in an effort to stabilize the local currency. These restrictions directly impact the timing of Cerro Negro's ability to remit cash from gold sales and pay interest and principal portions of intercompany debt to the Company. In addition, PNG is currently experiencing a backlog by foreign and domestic companies and governmental agencies to convert Kina into foreign currencies. The Bank of PNG implements foreign exchange controls and manages the exchange rate of the kina against the U.S. dollar. There is a risk that further changes in foreign exchange controls may adversely impact future revenue and profitability. For more information, see Results of Consolidated Operations and Foreign Currency Exchange Rates sections in Item 7, Management’s Discussion and Analysis of Consolidated Financial Condition and Results of Operations. See also risk factors under the headings “Our operations in Argentina are susceptible to risk as a result of economic and political instability in Argentina and labor unrest”, “Our operations at Ahafo and Akyem in Ghana are subject to political, economic, security and other risks” and “Our Merian operation in Suriname is subject to political, security and economic risks”, “Our operations at Lihir and project at Wafi-Golpu in PNG are subject to political and regulatory risks and other uncertainties” and “Our operations and projects Canada are subject to legal and regulatory risks and other uncertainties in connection with claims and challenges by Indigenous groups” below.

Future funding requirements may affect our business, our ability to pursue new business opportunities, invest in existing and new projects, pay cash dividends or engage in share repurchase transactions.

Potential future investments, including projects in the Company’s project pipeline, acquisitions and other investments, will require significant funds for capital expenditures. Depending on gold, copper, silver, lead and zinc prices, our operating cash flow may not be sufficient to meet all of these expenditures, or result in strategic reprioritization of the project portfolio, depending on the timing of development of these and other projects. As a result, new sources of capital may be needed to meet the funding requirements of these investments, fund our ongoing business activities, and fund construction and operation of potential future projects. Our ability to raise and service significant new sources of capital will be a function of macroeconomic conditions, future gold, copper, silver, lead and zinc prices as well as our operational performance, current cash flow and debt position, among other factors. We may determine that it may be necessary or preferable to issue additional equity or other securities, defer projects or sell assets. For example, in February 2024 Newmont announced its intent to divest non-core assets, including six operations and two projects from its Australian, Ghanaian, and North American business units. At the end of 2024 the sale of Telfer operation and Newmont's 70% interest in the Havieron project closed and definitive agreements were in place to divest four other operations; Akyem, Musselwhite, Éléonore and CC&V. In addition, proceeds were also received from the completed sale of investments, including the sale of the Lundin Gold stream credit facility and offtake agreement, and the monetization of Newmont's Batu Hijau contingent payments.

U.S. and global markets have, from time to time, experienced significant dislocations and liquidity disruptions. For example, the COVID-19 pandemic and events related to the recent and on-going conflicts (such as sanctions in Ukraine, Russia and/or Belarus), have in the past, and may in the future cause volatility and pricing in the capital markets. Additional financing may not be commercially available when needed or, if available, the terms of such financing may not be favorable to us and, if raised by offering equity securities, any additional financing may involve substantial dilution to existing stockholders. In the event of lower gold, copper, silver, lead or zinc prices, unanticipated operating or financial challenges, or new funding limitations, our ability to pursue new business opportunities, invest in existing and new projects, fund our ongoing business activities, retire or service all outstanding debt, fund share repurchase programs and transactions and pay dividends could be significantly constrained.

The Company’s repurchase program may be discontinued at any time, and the program does not obligate the Company to acquire any specific number of shares of its common stock or to repurchase the full authorized amount during the authorization period. Consequently, the Board of Directors may revise or terminate such share repurchase authorization in the future. See also the risk factor under the heading “Holders of our common stock may not receive dividends.” In addition, our joint venture partners may not have sufficient funds or borrowing ability in order to make their capital commitments. In the case that our partners do not make their

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economic commitments, the Company may be prevented from pursuing certain development opportunities or may assume additional financial obligations, which may require new sources of capital.

Our long-lived assets and goodwill could become impaired, which could have a material non-cash adverse effect on our results of operations.

We review our operations for events and circumstances that could indicate that the carrying value of our long-lived assets may not be recoverable. If indicators of impairment are determined to exist at our mine operations, we review the recoverability of the carrying value of long-lived assets by estimating the future undiscounted cash flows expected to result from the use and eventual disposition of the asset. We also review our goodwill for impairment annually and when events or changes in circumstances indicate that the carrying value of a reporting unit exceeds its fair value. Management makes multiple assumptions in estimating future cash flows, which include production levels based on life of mine plans, future costs of production, estimates of future production levels based on value beyond proven and probable reserves at our operations, prices of metals, the historical experience of our operations and other factors. There are numerous uncertainties inherent in estimating production levels of gold, copper, silver, lead and zinc and the costs to mine recoverable reserves, including many factors beyond our control that could cause actual results to differ materially from expected financial and operating results or result in future impairment charges. We may be required to recognize material non-cash charges relating to impairments of long-lived assets and/or goodwill in the future if actual results differ materially from management’s estimates, which include metal prices, our ability to reduce or control production costs or capital costs through strategic mine optimization initiatives, increased costs or decreased production due to regulatory issues or if we do not realize the mineable reserves, resources or exploration potential at our mining properties. Additions to asset retirement costs could result in impairment charges.

We recorded substantial goodwill, primarily as the result of our acquisition of Newcrest in 2023. We accounted for the acquisition of Newcrest using the acquisition method of accounting, which requires that purchase price is allocated to the underlying tangible and intangible assets acquired and liabilities assumed of Newcrest based on their respective fair market values. Any excess purchase price is allocated to goodwill. Our balance sheet reflects additions to the carrying amount of goodwill recognized in connection with the Newcrest transaction.

The Company continues to evaluate strategic priorities and deployment of capital to projects in the pipeline. A decision to reprioritize, sell or abandon a development project could result in a future impairment charge. For example, in response to challenging market conditions, which included inflationary pressures and supply chain disruptions, in 2023 the Company announced the deferral for at least two years of the full-funds investment decision for the Yanacocha Sulfides project in Peru. With the delay of the Yanacocha Sulfides project, management will focus on optimizing its allocation of funds to current operations and other capital commitments, while also assessing execution options and project plans options, up to and including transitioning Yanacocha operations into full closure. The Company also periodically updates the economic model for its Conga project to understand changes to the estimated capital costs, cash flows, and economic returns from the project. Certain decisions or changes in circumstances could result in determinations that carrying value is not recoverable and could result in impairment. See Part II, Item 7 under the heading “Critical Accounting Estimates – Carrying value of long-lived assets and Carrying value of Conga” for additional information.

If an impairment charge is incurred, such charges are not reversible at a later date even when favorable modifications to our proven and probable reserves and measured, indicated and inferred resources, favorable revisions to environmental obligations, favorable changes in legislation and/or our political or economic environment, or other favorable events occur. As a result of these uncertainties, our operating results may be significantly impacted from both the impairment and the underlying trends in the business that triggered the impairment, and actual results may be less favorable than estimated returns and initial financial outlook. For additional information regarding goodwill, refer to Note 19 to our Consolidated Financial Statements.

Our ability to recognize the benefits of deferred tax assets is dependent on future cash flows and taxable income.

We recognize the expected future tax benefit from deferred tax assets when the tax benefit is considered to be more likely than not of being realized, otherwise, a valuation allowance is applied against deferred tax assets. Assessing the recoverability of deferred tax assets requires management to make significant estimates related to expectations of future taxable income. Estimates of future taxable income are based on historical results of operations, forecasted cash flows from operations, and the application of existing tax laws in each jurisdiction. To the extent that future cash flows and taxable income differ significantly from estimates, our ability to realize the deferred tax assets could be impacted. In the future, our estimates could change requiring a valuation allowance or impairment of our deferred tax assets. Additionally, future changes in tax laws could limit our ability to obtain the future tax benefits represented by our deferred tax assets. Refer to Note 10 to our Consolidated Financial Statements under the heading “Income and Mining Taxes - Valuation of Deferred Tax Assets” and Note 2 under the heading “Summary of Significant Accounting Policies - Valuation of Deferred Tax Assets” for additional information and factors that could impact the Company’s ability to realize the deferred tax assets. For additional information regarding Newmont’s non-current deferred tax assets, refer to Note 10 to our Consolidated Financial Statements.

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Any downgrade in the credit ratings assigned to our debt securities could increase our future borrowing costs and adversely affect the availability of new financing.

There can be no assurance that any rating currently assigned by Standard & Poor’s Rating Services, Moody’s Investors Service, or Fitch Ratings to Newmont will remain unchanged for any given period of time or that a rating will not be lowered if, in that rating agency’s judgment, future circumstances relating to the basis of the rating so warrant. If we are unable to maintain our outstanding debt and financial ratios at levels acceptable to the credit rating agencies, or should our business prospects or financial results deteriorate, our ratings could be downgraded by the rating agencies. The Company’s credit ratings have been subject to change over the years. We currently maintain a Standard & Poor’s rating of “BBB+” (stable outlook). Moody’s Investors Service rating of Baa1 (positive outlook), and a Fitch Ratings rating of A- (stable outlook). We cannot make assurances regarding how long these ratings will remain unchanged or regarding the outcome of the rating agencies future reviews (including following any planned or future business combinations). A downgrade by the rating agencies could adversely affect the value of our outstanding securities, our existing debt and our ability to obtain new financing on favorable terms, if at all, and increase our borrowing costs, which in turn could impair our results of operations and financial position.

Returns for investments in pension plans are uncertain.

We maintain pension plans for certain employees which provide for specified payments after retirement. The Company’s qualified pension plans are funded with cash contributions in compliance with IRS rules and regulations. The Company’s non-qualified and other benefit plans are currently not funded, but exist as general corporate obligations. Refer to Note 11 to our Consolidated Financial Statements under the heading “Pension and Other Benefit Plans” for additional information regarding the funding status of qualified and non-qualified plans. The Company reviews its retirement benefit programs on a regular basis and will consider market conditions and the funded status of its qualified pension plans in determining whether additional contributions are appropriate. The ability of the pension plans to provide the specified benefits depends on our funding of the plans and returns on investments made by the plans. Returns, if any, on investments are subject to fluctuations based on investment choices and market conditions. A sustained period of low returns or losses on investments could require us to fund the pension plans to a greater extent than anticipated. If future plan investment returns are not sufficient, we may be required to increase the amount of future cash contributions.

Risks Related to Our Industry

We may experience increased costs or losses resulting from the hazards and uncertainties associated with mining.

The exploration for natural resources and the development and production of mining operations are activities that involve a high level of uncertainty. These can be difficult to predict and are often affected by risks and hazards outside of our control. These factors include, but are not limited to:

•Environmental hazards, including discharge of metals, concentrates, pollutants or hazardous chemicals;

•Industrial accidents, including in connection with the operation of heavy mobile equipment, milling equipment and/or conveyor systems and accidents associated with the preparation and ignition of large-scale blasting operations, milling and processing;

•Accidents in connection with transportation, including transportation of chemicals, explosives or other materials, transportation of large mining equipment and transportation of employees and business partners to and from sites;

•Social, community or labor force disputes resulting in work stoppages or shipping delays, such as at Peñasquito, Cerro Negro, Merian, Akyem and Lihir, or related loss of social acceptance of community support;

•Changes and/or increasingly stringent legal and regulatory requirements;

•Delays in permitting due to reduced resources and capacity for review and formulation of permits at regulatory agencies;

•Security incidents, including activities of illegal or artisanal miners, gold bullion or concentrate theft, including in transport, and corruption and fraud;

•Shortages in materials or equipment and energy and electrical power supply interruptions or rationing;

•Failure of unproven or evolving technologies or loss of information integrity or data;

•Unexpected geological formations or conditions (whether in mineral or gaseous form);

•Metallurgical conditions and gold, copper, silver, lead, zinc and other metal recovery, including unexpected decline of ore grade;

•Unanticipated changes in inventory levels at heap-leach operations;

•Ground and surface water conditions;

•Fall-of-ground accidents in underground operations;

•Failure of mining pit slopes, tailings embankments, and other tailing depositions, or water storage dams;

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•Seismic activity;

•Surface or underground fires or floods, inundation or inrush of water and other materials; and

•Other natural phenomena, such as lightning, cyclonic or tropical storms, drought, avalanches, landslides, wildfires, tsunami, floods, or other inclement weather conditions, including those impacting operations or the ability to access and supply sites.

The occurrence of one or more of these events in connection with our exploration activities, development and production and closure of mining operations may result in the death of, or personal injury to, our employees, other personnel or third parties, the loss of mining equipment and infrastructure, work stoppages, damage to or destruction of mineral properties or production facilities, monetary losses, deferral or unanticipated fluctuations in production, environmental damage and potential legal liabilities, all of which may adversely affect our reputation, business, prospects, results of operations and financial position.

Mining operations involve a high degree of risk, including hazards related to the use of explosives and hazardous chemicals and critical equipment failure.

Our operations are subject to risks associated with the transportation, storage, handling and use of explosives and hazardous chemicals. These include unplanned detonation of explosives and catastrophic release of hazardous chemicals (for example, due to vessel rupture resulting in an explosion or toxic gas release). Critical equipment related risks that apply to various Newmont sites include for example, mill failure arising from catastrophic failure of a component, or unavailability of mine haul fleet. Other critical equipment related risks may be site specific. For example, asset integrity at Lihir may be impacted by the proximity of the mine to a corrosive marine environment. The occurrence of such catastrophic events may result in work stoppages, damage to or destruction of mines and other producing facilities, damage to or loss of life and property, environmental damage and possible legal liability for any or all damage or loss and may adversely affect the Company’s operating results and financial condition.

We rely on our supply chain operations to procure goods and services to support our operations and projects, and competition with other natural resource companies, and shortage of critical parts, services and equipment may adversely affect our operations and development projects.

Production continuity and cost profile can be impacted by risks associated with the management and operation of the Company’s inbound global supply chain (including risks associated with the inventory management of critical equipment, spares and consumables). We rely on our global supply chain to procure goods and services from suppliers and contractors to support our operations and projects. We are exposed to material availability, disruption and performance risks across our supply chain, including lack of suitable suppliers or contractors, cost increases, impacts of pandemics and epidemics on the supply chain, transportation and logistics issues including delays in delivery, disruption to trade flows due to geopolitical tensions and/or changes in legislation, performance of suppliers and contractors to contractual terms, and damage to our reputation caused by actions of our suppliers or contractors. In addition, our ability to competitively source goods and services may be affected by local content procurement commitments in the jurisdictions in which we operate. See the risk factors “We rely on contractors to conduct a significant portion of our operations and construction projects” and “Our operations and projects may be adversely affected by rising energy prices or energy shortages” below for further information.

Inbound supply chain disruptions could lead to mine site production curtailment or stoppage if a critical material or labor input is unavailable. This could have a material adverse impact to our financial condition depending on the duration of the curtailment or stoppage. The Company is also exposed to outbound supply chain risk, particularly fluctuating transportation charges, delays in delivery of shipments, theft, terrorism, geopolitical tensions and border closures and adverse weather conditions.

In addition, we compete with other natural resource companies for specialized equipment and supplies necessary for exploration and development, as well as for rights to mine properties containing gold, copper, silver, lead, zinc, and other minerals. The mining industry has been impacted, from time to time, by increased demand for critical resources such as input commodities, drilling equipment, trucks, shovels and tires. These shortages have, at times, impacted the efficiency of our operations, and resulted in cost increases and delays in construction of projects; thereby impacting operating costs, capital expenditures and production and construction schedules. We may be unable to obtain the services of skilled personnel and contractors or specialized equipment or supplies, or to acquire additional rights to mine properties, which could have an adverse effect on our competitive position or adversely impact our results of operations.

We may be unable to obtain or retain necessary permits and land or mining tenure, which could adversely affect our operations and projects.

Our mining and processing operations and development and exploration activities are subject to extensive permitting requirements. The requirements to obtain and/or achieve or maintain full compliance with such permits can be costly and involve extended timelines. While we strive to obtain and comply with all permits required of us, there can be no assurance that we will obtain all such permits and/or achieve or maintain full compliance with such permits at all times. Previously obtained permits may be suspended or revoked for a number of reasons, including through government or court action. New or amended permits may also be required to continue existing activities, as new laws come into effect or regulators change their application of laws. Failure to obtain and/or comply with required permits can have serious consequences, including damage to our reputation; cessation of the

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development of a project; increased costs of development or production and litigation or regulatory action, any of which could materially adversely affect our business, results of operations or financial condition.

Our ability to obtain the required permits and approvals to explore for, develop and operate mines and to successfully operate near communities in the jurisdictions in which we operate depends in part on our ability to develop, operate and close mines in a manner that is consistent with the creation of social and economic benefits in the surrounding communities, which may or may not be required by law. Our ability to obtain permits and approvals and to operate near certain communities may be adversely impacted by real or perceived detrimental events associated with our activities or those of other mining companies affecting the environment, health and safety of communities in which we operate. Key permits and approvals may be revoked or suspended or may be adjusted in a manner that adversely affects our operations, including our ability to explore or develop properties, commence production or continue operations. Permit review and approval could be delayed, adversely impacting project implementation due to delays in review and development of permits from limited resources at the regulatory agencies.

Many of our mining and processing operations, including tailings storage, project expansions, and exploration and development activities require mineral, mining and/or surface land tenure properties that are leased, granted to, or otherwise acquired by the Company for specified periods of time. Securing, maintaining, extending, and renewing the Company’s rights, titles, or interests ("Legal Title") in and to these land tenures can be costly, subject to political, regulatory, and social risks, and no assurance can be provided that all required leases or other types of land tenure will be granted, maintained, extended, or renewed. For example, additional tailings capacity is needed to support future growth and sustainability of Boddington operations beyond 2025. Boddington’s existing tailings facility is expected to reach the permitted capacity in 2026. Following advancement of the life of mine tailings study to explore options for continued tailings deposition, the Company decided to expand the existing F1/F3 Residue Disposal Area ("RDA") from an ultimate capacity of 600Mt to 750Mt to provide storage capacity to 2029, subject to permitting and other approvals. Beyond 2029 an additional tailings facility would need to be built, termed RDA2, and this facility is also subject to permitting and other approvals, including additional environmental permits. Further, the Boddington operation is primarily located on mining leases with renewal dates commencing in 2028. The lease renewal, as well as additional leases required in connection with tailings expansion, require cooperation and agreements with third parties. No assurances can be provided that such renewals and additional lease scope for further tailings capacity will be secured at similar cost, commercially reasonable terms, or at all. A failure to secure agreement on commercially reasonable terms could result in increased costs, requirements to move infrastructures, modification to future plans, including cessation of mining.

Similarly, the current capacity of the TSFs at Cadia should support operations through to the current permitted time period by exhausting capacity within the current Pit TSF ("PTSF") and by constructing a raise to the South Tailings Storage Facility ("STSF"), as has been permitted. Studies evaluating potential options to increase tailings storage capacity are underway, including additional placement of tailings on the North Tailings Storage Facility ("NTSF") and a proposal to construct an extension to the current STSF ("STSFX") to provide capacity to approximately 2050. Cadia is currently approved to continue operations until 2031 and is seeking approval from the NSW Government to extend our mining operations beyond 2031. This is known as the Cadia Continued Operations Project (“CCOP”), of which the construction of an extension to the STSFX is a project feature. No assurances can be provided that approvals will be secured.

Failure to obtain required land tenure can have serious consequences, including loss of Legal Title in and to mineral and/or surface properties that are owned or controlled by the Company, cessation of operations, project delays or cancellations, increased costs, and potential litigation or regulatory action. Any of these outcomes could materially and adversely affect our business, reputation, operational performance, and financial condition. See risk factors under the headings “Our Company and the mining industry are facing continued geotechnical, geothermal and hydrogeological challenges, which could adversely impact our production and profitability,” and “Title to some of our properties may be insufficient, defective, or challenged”.

Mining companies are increasingly required to consider and provide benefits to the communities and countries in which they operate in order to maintain operations.

Greater scrutiny on the private sector broadly and multi-national companies specifically, to contribute to sustainable outcomes in the places where they operate, has led to a proliferation of standards and reporting initiatives focused on environmental stewardship, social performance and transparency. Extractive industries, and mining in particular, have seen significant increases in stakeholder expectations. These businesses are increasingly required to meaningfully engage with impacted stakeholders; understand and avoid or mitigate negative impacts while optimizing economic participation and uplift opportunities associated with their operations. The expectation is for companies to create shared value for stockholders, employees, governments, local communities and host countries. Such expectations tend to be particularly focused on companies whose activities are perceived to have high socio-economic and environmental impacts. In Canada, for instance, there is increased expectation that is also increasingly supported by regulations and/or case law for Indigenous communities on whose traditional territories mineral development occurs or is impacted by mineral development to share in the economic prosperity of the mine, and for such communities to share in joint decision making with government regulators on various permitting efforts. Newmont has over many years developed and continues to evolve a robust system of ESG management that includes policies, standards, guidance, assurance, participation in international organizations focused on improved performance and outcomes for host communities and the environment. In Ghana, for instance, in response to resettlement-related complaints, Newmont worked with national and local government authorities, traditional leaders, impacted farmers/landowners and other concerned stakeholders to analyze impacts, extend programs to support vulnerable households and

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provide enhanced and/or alternative livelihood support. Despite the Company’s commitment to on-going engagement with communities and stakeholders, no assurances can be provided that increased stakeholder expectations will not result in adverse financial and operational impacts to the business, including, without limitation, operational disruption, increased costs, increased investment obligations, increased commitments to local and/or Indigenous communities with fiscal implications, and increased taxes and royalties payable to governments.

Illegal mining and artisanal mining occur on or adjacent to certain of our properties exposing such sites to security risks.

Artisanal, small scale and illegal miners have been active on, or adjacent to, some of Newmont’s African and South American properties, including in Peru, Suriname and Ghana in recent years. For example, in Ghana in 2019, illegal miners attacked a field team of security guards employed by a security contractor, tragically resulting in a fatality. While we are working collaboratively with the artisanal miners in Suriname on a program that includes improving mining practices for improved safety, environmental and processing practices as well as alternative livelihood opportunities, this not always possible. Illegal mining, which involves trespass and occupation of exploration, development, and operating properties present significant security, safety, legal, and environmental risk, which could result in a security threat to human life, infrastructure, and equipment, and lead to the loss of legal title, possession, or use of Newmont's land tenure. The illegal miners from time to time have clashed with security staff and law enforcement personnel who have attempted to move them away from the facilities. Although, under certain circumstances, artisanal mining may be a legally sanctioned activity, artisanal mining is also associated with a number of negative impacts, including environmental degradation, poor working practices, erosion of civil society, human rights abuse and funding of conflict. The environmental, social, legal, safety and health impacts of artisanal and illegal mining are frequently attributed to formal large scale mining activity, and it is often assumed that artisanally-mined gold is channeled through large-scale mining operators, even though artisanal and large-scale miners normally have separate and distinct supply chains. These misconceptions impact negatively on the reputation of the industry. The activities of the illegal miners could cause damage to Newmont’s properties or result in inappropriate or unlawful use of force for which Newmont could potentially be held responsible. The presence of illegal miners could lead to exploration and project delays and disputes regarding the development or operation of commercial gold deposits. Illegal mining could also result in lost gold production and reserves, mine and development stoppages, and have a material adverse effect on financial condition or results of operations or project development. Finally, it is difficult to separate potential or actual environmental impacts from Newmont's activities from those of artisanal miners who have illegally accessed and are operating on our land tenure. This can cause both reputational and compliance challenges.

Civil disturbances and criminal activities can disrupt business and expose the Company to liability.

Civil disturbances and criminal activities such as trespass, illegal mining, sabotage, theft, blockades, organized crime and vandalism may cause disruptions and could result in the suspension of operations, delays to project development and negative impacts on exploration activities at certain sites. Incidents of such activities have occasionally led to conflict with security personnel and/or police, which in some cases resulted in serious injuries or death including in Ghana, Peru, Mexico, PNG and Suriname in recent years. Additionally, some areas in which we conduct operations, develop projects and exploration activities are affected by civil unrest such as in PNG and Ecuador in early 2024, and persistent violence and organized crime involving significant drug cartels, such as in Mexico.

Although security measures have been implemented by the Company to protect employees, community members, property and assets, such measures will not guarantee that such civil disturbances and criminal activities will not continue to occur in the future, or result in harm to employees, community members or trespassers, decrease operational efficiency or construction delays, increase community tensions or result in liabilities or reputational harm to Newmont. Security incidents, in the future, may have a material adverse effect on our operations, development projects, exploration and reclamation activities, especially if criminal activity and violence escalate. Such incidents may halt or delay production, increase operating costs; result in harm to employees, contractors, visitors or community members; decrease operational efficiency due to employee absenteeism and other factors; increase community tensions or otherwise adversely affect our ability to conduct business. The manner in which the Company’s personnel, national police or other security forces respond to civil disturbances and criminal activities can give rise to additional risks where those responses are not conducted in a manner consistent with international and Newmont standards relating to the use of force and respect for human rights. Newmont takes seriously our obligation to respect and promote human rights, is a signatory to and active participant in the Voluntary Principles on Security and Human Rights, and has adopted a Sustainability and Stakeholder Engagement Policy and Human Rights Standard in-line with the UN Guiding Principles on Business and Human Rights. Nonetheless, although the Company has implemented a number of significant measures and safeguards which are intended to ensure that personnel understand and uphold these standards, the implementation of these measures will not guarantee that personnel, national police or other security forces will uphold these standards in every instance. The evolving expectations related to human rights, human rights defenders, Indigenous rights, and environmental protections may result in opposition to our current and future operations, the development of new projects and mines, and exploration activities. Such opposition may take the form of legal or administrative proceedings or manifestations such as protests, roadblocks or other forms of public expression against our activities, and may have a negative impact on our local or global reputation and operations. Opposition by community and activist groups to our operations may require modification of, or preclude the operation or development of, our projects and mines or may require us to enter into agreements with such groups or local governments with respect to our projects and mines or exploration activities, in some cases, causing increased costs and significant delays to the advancement of our projects. For example, in Peru, our Conga project faced opposition from anti-mining activists, after which we suspended construction on the project’s mining facilities and eventually reclassified Conga’s reserves to resource as the result of certain operating and construction permits expiring at the end of 2015. The failure to conduct operations in accordance with Company

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standards can result in harm to employees, community members or trespassers, increase community tensions, reputational harm to Newmont or result in criminal and/or civil liability and/or financial damages or penalties.

Our operations and projects face substantial regulation of health and safety.

Our operations are subject to extensive and complex laws and regulations governing worker health and safety across our operating regions and our failure to comply with applicable legal requirements can result in substantial penalties. Future changes in applicable laws, regulations, permits and approvals or changes in their enforcement or regulatory interpretation could substantially increase costs to achieve compliance, lead to the revocation of existing or future exploration or mining rights or otherwise have an adverse impact on our results of operations and financial position.

Our mines are inspected on a regular basis by government regulators who may issue citations and orders when they believe a violation has occurred under local mining regulations. If inspections result in an alleged violation, we may be subject to fines, penalties or sanctions and our mining operations could be subject to temporary or extended closures.

In addition to potential government restrictions and regulatory fines, penalties or sanctions, our ability to operate (including the effect of any impact on our workforce) and thus, our results of operations and our financial position (including because of potential related fines and sanctions), could be adversely affected by accidents, injuries, fatalities or events detrimental (or perceived to be detrimental) to the health and safety of our employees, the environment or the communities in which we operate.

Our operations and projects are subject to extensive environmental laws and regulations.

Our exploration, development, mining and processing operations, and closed facilities are subject to extensive laws and regulations governing land use and the protection of the environment, which generally apply to air and water, protection of endangered, protected or other specified species, hazardous and non-hazardous waste management and reclamation. Many of the countries in which we operate have laws and regulations related to water (quality and quantity), nature and greenhouse gas (“GHG") emissions which are becoming increasingly more stringent. We have made, and expect to make in the future, significant expenditures to comply with such laws and regulations. Compliance with these laws and regulations imposes substantial costs and burdens, and can cause delays in obtaining, or a failure to obtain or renew, or cancellation of, government permits and approvals which may adversely impact our operations and closure processes. Increased global attention or regulation on consumption of shared resources and use products or development of waste that have the potential to impact human health and the environment could similarly have an adverse impact on our results of operations and financial position due to increased compliance and input costs. Specific examples where we face such risks include:

Waste Rock and Tailings Management

Our gold and copper mining and ore refining/metals extraction processes generate waste by-products such as waste rock (managed in waste rock dumps or, in the case of Lihir, harbor waste rock platforms and permitted barge dumping locations) and tailings (managed by the use of tailings storage facilities, lacustrine deposition in the case of Brucejack or deep sea tailings placement in the case of Lihir and as proposed at Wafi-Golpu). Tailings storage facilities are constructed progressively throughout the life of the mine to support increasing capacity requirements. If there is a failure in the integrity of a tailings storage facility, there is a risk that tailings or large volumes of water and/or potentially contaminating materials may be released and cause material harm to human health and/or the environment downstream of the facility. Such an occurrence could severely damage our reputation and materially adversely impact our operating results and financial condition. It may also subject us to civil and/or criminal action, penalties and claims from environmental and planning regulators and/or affected third parties, and may lead to the suspension or disruption of our operations and projects. For example, in December 2023 at our now divested Telfer operation in Western Australia, cracking and sinkholes were detected on an internal embankment of the site’s TSF. Upon detection, the Company suspended its processing operations and a prohibition notice limiting the use of the facility was issued by the local regulator, which was lifted in September 2024 following completion of remediation works. See also risk factor under the heading "Our operations and projects are dependent on the availability of sufficient water supplies and subject to water-related risk."

Tailings Storage Facilities and Dust Emissions at Cadia

Tailings deposition was suspended at Cadia Holdings Pty Ltd’s (“Cadia Holdings”) tailings storage facilities in March 2018 following an embankment slump of its Northern Tailings Storage Facility (“NTSF”). Use of the NTSF is subject to a prohibition notice issued by the NSW Resources Regulator and deposition is expected to remain suspended until repairs of the NTSF wall are completed. In December 2019, Cadia Holdings received approval from the New South Wales Department of Planning and Environment (the “NSW DPE”) to fully utilize the decommissioned Cadia Hill mine pit for deposition of thickened tailings. In December 2021, the NSW DPE granted approval to increase the permitted processing capacity from 32 to 35 million tonnes of ore in a calendar year. Such approval is subject to certain conditions, including that Cadia Holdings commission and publish an independent air quality audit report that includes a description of the details and scheduling of all reasonable and feasible best practice measures that are being implemented by Cadia Holdings to minimize off-site air quality impacts of the mine.

The independent air quality audit report published by Cadia Holdings in August 2022 indicated that dust emitted from two ventilation exhaust rises which vent emissions from underground processing operations exceeded levels permitted by applicable law.

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During the quarter ended June 2023, the New South Wales Environment Protection Authority (“NSW EPA”) issued variations to its Environment Protection License (“EPL”), a Prevention Notice and Notices to Provide Information regarding the management of, and investigation into potential breaches relating to, dust emissions and other air pollutants from the Cadia tailings storage facilities and ventilation rises. The license variations largely formalized the actions Cadia Holdings had developed in consultation with the NSW EPA and was already undertaking across a range of measures.

Cadia Holdings received a letter from the NSW EPA in June 2023 requiring it to immediately comply with specific statutory requirements and EPL conditions. Adjustments were implemented underground, including a reduction in mining rates, modifications to the ventilation circuit and the installation of additional dust sprays and spray curtains. Additional dust collection units were subsequently installed enabling normal mining rates to be restored.

In August 2023, the NSW EPA commenced proceedings in the Land and Environment Court of NSW (the “NSW Land and Environment Court”) against Cadia Holdings, alleging that air emissions from Cadia in March 2022 exceeded the standard of concentration for total solid particles permitted under applicable laws due to the use of surface exhaust fans at the mine. On September 29, 2023, Cadia Holdings entered a plea of guilty and the NSW Land and Environmental Court listed the case for a sentencing hearing on March 28, 2024. On October 13, 2023, the NSW EPA commenced additional proceedings in the NSW Land and Environment Court against Cadia Holdings, alleging two additional contraventions of applicable air emissions requirements in November 2021 and May 2023 and two contraventions related to alleged air pollution from tailings storage facilities on October 13 and 31, 2022. On November 24, 2023 Cadia Holdings entered a plea of guilty to the two additional charges relating to applicable air emissions requirements the sentencing hearing took place before the NSW Land and Environment Court on June 21, 2024. The matter has been adjourned pending the delivery of the judgment. On October 18, 2024, Cadia Holdings entered a plea of not guilty to the proceedings related to alleged air pollution from Cadia Holdings’ tailings storage facilities. The proceedings have been adjourned for further directions on February 21, 2025. The NSW EPA’s investigation regarding the management of air emissions from the mine is ongoing.

While no specific relief has been sought by the NSW EPA in its proceeding against Cadia Holdings before the NSW Land and Environment Court, the court can impose penalties.

Failure to maintain compliance with applicable law or Cadia Holdings’ EPL may result in the NSW EPA suspending or revoking Cadia Holdings’ EPL, seeking court orders or issuing additional prevention notices to modify or cease certain activities. Ongoing enforcement, and challenges in maintaining compliance, may impact Cadia Holdings’ ability to secure a future expansion of its project approval to extend the life of mine from 2031 to 2055. In addition, Cadia Holdings has previously been, and may in the future be, subject to prosecutions and penalties for noncompliance with air quality requirements or the terms of its EPL, including in respect of emissions from any vent rise or emissions from the NTSF and the Southern Tailings Storage Facility (“STSF”). Operational changes required to achieve or maintain compliance, including reductions in mining rates and other limitations on mining or processing operations, or additional requirements to install costly pollution control equipment, may adversely impact our operating results and financial condition.

Environmental Sampling in the Cadia Area

In early 2023, residents living near Cadia raised concerns about potential impacts to drinking water supplies by various contaminants, including metals such as lead, nickel and copper, which they allege are related to emissions from the vent rises at Cadia, as well as periodic dust emission events at NTSF and STSF. In response to community concerns, the New South Wales Ministry of Health tested the quality of residents’ kitchen tap water and reported that it was safe to drink. The NSW EPA also undertook water testing in the local area and the majority of results from the kitchen tap samples show metal concentrations below the Australian Drinking Water Guidelines values. The majority of the instances of non-compliance from both Cadia Holdings’ and the NSW EPA’s sampling programs showed that such instances of non-compliance were influenced by building and plumbing materials.

A particulate characterization study, which was undertaken by the Australian government’s Australian Nuclear Science Technology Organisation (the “ANSTO”) and commissioned by Cadia Holdings in collaboration with the local community, assessed the PM2.5 dust contribution from Cadia to the regional air shed over a two-year period and concluded that Cadia contributed only a small percentage of soil particulate matter. In fact, soil was determined to be the least significant source of air pollution over the two-year period, contributing less than 10% to the total PM2.5 mass. The ANSTO study also determined that metals of concern recently identified by the community, such as lead, nickel, selenium and chromium, occurred at very low levels in the PM2.5 fraction and did not exceed any national standard. The report is part of a comprehensive suite of independent air and water quality investigations, including with respect to sampling of drinking water sources, air quality monitoring, dispersion modelling and lead fingerprinting, that have been or are being conducted to determine the source of metals within the local airshed and to assess any health risks to the local community, if any, from air emissions from the Cadia mine site.

In 2024, some local residents reported perfluoroalkyl and polyfluoroalkyl Substances (“PFAS”) and other contaminants were allegedly being detected in the river catchment surrounding Cadia. The NSW EPA conducted sampling and the results show PFAS, particularly perfluorooctane sulfonate (“PFOS”) and perfluorooctanoic acid (“PFOA”), at several sites in the river catchment upstream and downstream from Cadia. The EPA will continue its sampling program in 2025.

In light of these developments at Cadia, there is a heightened level of community concern relating to the perceived impact of mining activities on the health of the community, and the condition of residential properties, located in proximity to Cadia. These

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developments, including community complaints associated with our activities at Cadia could give rise to reputational harm, operational disruptions, increased regulatory scrutiny of mining activities or delays to project development.

Our operations and projects are subject to a range of risks related to transitioning the business to meet regulatory, societal and investor expectations for operating in a low-carbon economy.

Climate change and the transition to a low-carbon economy is expected to impact Newmont in a number of ways. Producing gold is an energy-intensive business, currently resulting in a significant carbon footprint. Transitioning to a low-carbon economy will require significant investment and may entail extensive policy, legal, technology, and market changes to address mitigation and adaptation requirements related to climate change. Depending on the nature, speed, focus and jurisdiction of these changes, transition risks may pose varying levels of financial and reputational risk to the business.

A number of governments or governmental bodies have introduced or are contemplating regulatory changes in response to the potential impacts of climate change that are viewed as the result of emissions from the combustion of carbon-based fuels. At the 21st Conference of the Parties of the United Nations Framework Convention on Climate Change (“UNFCC”) held in Paris in 2015, the Paris Agreement was adopted which was intended to govern emission reductions beyond 2020, and subsequent UN Climate Change Conferences reaffirmed the commitments of the Paris Agreement, although in January 2025 President Trump signed an executive order to withdraw the U.S. from the Paris Agreement. Newmont supports the UNFCC goal of limiting global warming to “well below 2oC” compared to pre-industrial levels and plans to transition its operations to meet this goal by 2030, with an aspiration of carbon neutrality by 2050. In 2020, Newmont also announced plans to invest in climate change initiatives in support of this goal, and additional material investments and capital expenditures will be required in order to meet our climate targets in the future. Inconsistent implementation or significant delay in the implementation of country-level policy is likely to increase the risk for future regulatory impacts and rapid shifts to low-carbon technologies, including renewable energy use. In addition, the UN Climate Change Conference of the Parties 2024 (COP29) reported several challenges in the transition to renewable energy, including that many countries are not transitioning as quickly as needed, which could jeopardize their ability to meet climate targets. This may cause competition for renewable resources, which may lead to increased costs and reliability issues for Newmont.

Policy and regulatory risk related to actual and proposed changes in climate- and water-related laws, regulations and taxes developed to regulate the transition to a low-carbon economy may result in increased costs for our operations, venture partners and our suppliers, including increased energy, capital equipment, environmental monitoring and reporting and other costs to comply with such regulations. Regulatory uncertainty may cause us to incur higher costs and lower economic returns than originally estimated for new development projects and operations, including closure reclamation obligations. For example, operational and capital expenses are expected to increase in order to meet renewable portfolio standard requirements from current costs over the next 10 years in Australia, Canada, Mexico and the U.S. Carbon taxes, fuel switching and the transition to cleaner purchased power and/or on-site renewable energy generation will require significant upfront capital expenditures and may also increase operating costs. As another example, the carbon tax in Canada of C$80/tonne of CO2 set to increase to C$170 by 2030, is impacting operating costs at our Canadian operations. We expect the potential for similar tax increases in other jurisdictions. Additionally, we do not maintain insurance policies against such climate-related risks or taxes.

The development and deployment of technological improvements or innovations will be required to support the transition to a low-carbon economy, which could result in write-offs and early retirement of existing assets, increased costs to adopt and deploy new practices and processing including planning and design for mines, development of alternative power sources, site level efficiencies and other capital investments. Our investments in these technologies may also expose us to legal, operational and reputational and other risks. The pace of development of such technologies may be inadequate, such technologies may be insufficient, and we may not be able to deploy such technologies at a commercial scale. We will also consider the limited use of carbon neutralization or offsets in the future for hard to abate emissions to assist in meeting our 2050 carbon neutral goal, and there may be an insufficient supply of offsets to achieve our goals.

There will be varied and complex market impacts due to climate change and the transition to a low-carbon economy. There will be shifts in supply and demand for certain commodities, products and services in connection with evolving consumer and investor sentiments. Market perceptions of the mining sector, and, in particular, the role that certain metals will or will not play in the transition to a low-carbon economy remains uncertain. Potential financial impacts may include reduced investment in gold due to shifts in investor sentiment, increased production costs due to changing input prices, re-pricing of land valuation and assets, increased global competition for key materials needed for new technologies (lithium, copper, rare earth minerals used in solar technology, etc.), potential cost increases by insurers and lenders, and potential increases in taxation of the mining and metals sector.

Should the mining and metals sector not respond quickly enough to meeting globally accepted science-based reductions required to mitigate the long-term impacts of climate change, industry members may be subject to an increased risk of future climate litigation. In the U.S. and Canada, lawsuits have been filed against oil and gas companies to assign liability for climate-related impacts. Over time, litigation may also apply to other resource intensive sectors that fail to set and/or meet long-term reduction targets. While the Company is not currently subject to any lawsuits related to climate, no assurances can be provided that similar suits will not be brought in the future.

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Our ability to meet our climate strategy commitments and goals is subject to numerous risks and uncertainties and relies on, among other things, our ability to invest in emissions reduction projects, our ability to implement operational changes and the availability of technology to achieve such commitments and goals. In addition, our ability to achieve our Scope 3 emissions targets is subject to the actions of entities not within our control. There is also a risk that some or all of the expected benefits of achieving such commitments and goals may fail to materialize within our anticipated time frames or at all. Investors and other stakeholders may not agree with our climate strategy commitments and goals, and we also face pressure from some in the investment community and certain public interest groups to limit the focus on ESG in our decision-making, arguing that ESG considerations do not relate to financial outcomes. A failure to meet our climate strategy commitments and goals and/or societal or investor expectations could result in damage to our reputation, decreased investor confidence and challenges in maintaining positive community relations, which can pose additional obstacles to our ability to conduct our operations and develop our projects, which may result in a material adverse impact on our business, financial position, results of operations, and growth prospects. Further, the Company’s financing strategy is tied to its ESG commitments. The interest rate of Newmont’s $1 billion aggregate principal amount of 2.600% Sustainability-Linked Senior Notes due 2032 is linked to Newmont’s performance against key ESG commitments regarding 2030 emissions reduction targets and the representation of women in senior leadership roles target. As such, a failure to meet our climate and sustainability targets can result in further expense and impact our financial condition and ability to raise capital in the future.

Our targets are uniquely tailored to our business, operations and capabilities, which do not easily lend to benchmarking against similar sustainability performance targets, and the related performance, of other companies. In addition, our climate-related targets are aspirational and subject to change, and reflect assumptions that are necessarily uncertain and may not be realized. We continue to review and revise our approach, and our targets may be further adjusted to align with future updates to our approach. The acquisition of Newcrest Mining Limited on November 7, 2023, required that we recalculate the target baseline years and trailing years GHG emissions data pursuant to our publicly disclosed greenhouse gas emissions calculation methodology framework. Additional rebaselining in connection with our pending and future assets sales is also expected. We are continuing to review our targets and roadmap which may result in additional adjustments in the future. Additionally, the methodologies that we use to calculate our Scope 1, Scope 2 and Scope 3 GHG emissions may change over time based upon changing industry standards, which may impact, positively or negatively, our ability to satisfy our targets, which could in turn adversely affect our reputation. Any major acquisition, merger, consolidation or divestiture or any series of related acquisitions, mergers, consolidations or divestitures, by or involving us, may impact our ability to achieve our targets and commitments. There is currently no generally accepted global definition (legal, regulatory or otherwise) of, nor market consensus as to what criteria qualify as, “green,” “social,” “sustainable” or “sustainability-linked” (and, in addition, the requirements of any such label may evolve from time to time), and therefore no assurance is or can be given that Newmont will meet any or all investor expectations.

Our operations and projects are subject to a range of transitional and physical risks related to climate change.

We believe that climate change has the potential to impact the regions and sites in which Newmont operates, as well as the surrounding communities. Long-term potential physical climate risks include, but are not limited to, higher temperature in all regions, higher intensity storm events in all regions, impacts to annual precipitation depending upon the latitude and proximity of the site to oceans, and more extreme heat for sites near the equator or in Australia. Unusually dry climates can increase the chance of our operations being impacted by bush or forest fires.

Physical risks related to extreme weather events such as extreme precipitation, flooding, longer wet or dry seasons, flooding and drought conditions, increased temperatures, sea level rise, landslides, mine flooding, tsunami, geysers and outbursts, avalanches, landslides, wildfires or brushfires, or more severe storms may have financial implications for the business. In particular, the effects of changes in rainfall and intensities, water shortages and changing storm patterns have from time to time adversely impacted, and may in the future adversely impact, our costs, production levels and financial performance. For example, we experienced severe flooding in early 2017 at our Tanami mine in Australia which led to shutdown of operations for several weeks. In 2019, Tanami completed the construction of a natural gas pipeline to deliver fuel to the site to replace diesel fuel that is trucked to the site on roads that regularly flood due to increasing seasonal rainfall. Our operations in Suriname and Peru have also experienced delays in connection with the delivery of key production supplies due to temporary flooding. In 2019, Cadia experienced droughts, which resulted in temporary process plant water shortages and lower processed volumes. In 2023, the Éléonore mine in Quebec Canada had to shut down for several weeks due to prolonged wildfires conditions nearby, and Lihir’s operating and financial performance was impacted by lower feed grade reflecting a higher proportion of low grade material being processed in the second half of the year, following extreme rainfall that limited pit access and caused materials handling issues at the mine crusher. This followed prolonged drought conditions across the province of New Ireland in PNG, where Lihir is located, which resulted in limited raw water supply to Lihir. Floods and wildfires have also occurred near Cadia and Red Chris in recent years.

There is also the potential for disruption to transport routes associated with the distribution of our products. For example, Brucejack’s glacial access road, which is an essential means of entering that mine site, may be subject to a risk of thawing due to the potential for an increase in average temperatures, which may be related to climate change. Severe storm events can also result in unpermitted off-site discharges, slope instability, mine pit erosion and structural failures, tailings storage facility overtopping and other impacts, including water storage and treatment facility capacity considerations. Extended dry seasons or unseasonal dry conditions could exacerbate dust generation from operating activities that may require additional controls for continued operation or result in compliance breaches. Changing climatic conditions may also affect the likelihood of meeting closure success criteria and require adjustments to mine site rehabilitation and closure plans. The higher potential for extreme heat conditions may affect equipment

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efficiency. For additional information, see risk factors under the headings “Our operations and projects are dependent on the availability of sufficient water supplies and subject to water-related risks” and “Our Company and the mining industry are facing continued geotechnical, geothermal and hydrogeological challenges, which could adversely impact our production and profitability.”

Such events can temporarily slow or halt operations due to physical damage to assets, reduced worker productivity for safety protocols on site related to extreme temperatures or lightening events, worker aviation and bus transport to or from the site, and local or global supply route disruptions that may limit transport of essential materials, chemicals and supplies, which could have an adverse impact on our results of operations and financial position. Additional financial impacts could include increased capital or operating costs to increase water storage and treatment capacity, obtain or develop maintenance and monitoring technologies, increase resiliency of facilities and establish supplier climate resiliency and contingency plans.

An increase in frequency and duration of extreme weather conditions can be followed by extended power outages. Energy disruptions can have an adverse impact on our results of operations and financial position due to production delays or additional costs to ensure business continuity through reliable sources of on-site power generation. Energy transmission and supply may be impacted by wildfires, such as those that occurred in Australia in 2020, which may interrupt electrical power transmission lines to mine sites, and that may pose risks to on-site facilities and energy generators, fuel dispensing systems and supplies. In jurisdictions that rely on purchased hydroelectric power, such as in Ghana and Peru, extreme drought and extended dry seasons may impact the electric utility’s water supplies needed to generate hydroelectric power purchased by the mine to run operations, which would result in higher costs and/or limit energy availability for continuity of operations as well as impact our environmental systems and processes.

Our Company and the mining industry are facing continued geotechnical, geothermal, and hydrogeological challenges, which could adversely impact our production and profitability.

Newmont and the mining industry are facing continued geotechnical, geothermal and hydrogeological challenges due to the older age of certain of our mines and a trend toward mining of more complex deposits, the use of deeper and larger pits and the use of deep, bulk or selective underground mining techniques. This leads to higher pit walls, more complex underground environments and increased exposure to geotechnical instability and geothermal and hydrogeological impacts. As our operations are maturing, the open pits at many of our sites are getting deeper and we have experienced geotechnical failures (such as pit wall and slope failures) at some of our mines, including, without limitation, at our operations in Australia, Ghana, Peru, Canada, Colorado and at NGM, in Nevada. See also the risk factor under the heading “Mining companies are increasingly required to consider and provide benefits to the communities and countries in which they operate in order to maintain operations”.

Additionally, there are a number of risks and uncertainties associated with the block cave mining methods applied at Cadia, in New South Wales, Australia. These risks include a cave not propagating as anticipated, excessive air gaps forming during the cave propagation, unplanned ground movement occurring due to changes in stresses released in the surrounding rock and larger or more frequent mining-induced seismicity than anticipated. Additionally, during cave establishment and propagation, higher levels of seismic activity, and higher likelihood of damage to excavations from seismic events, are expected. This has been observed during the cave establishment phase of Cadia’s PC2-3 project and is expected during the establishment of Cadia’s PC1-2 project in the coming years. Such seismic events and associated damage may require changes to the mining plan and upgrades to ground support systems, which could take several months. Large seismic events may also occur after cave establishment and propagation and during steady state caving, although the likelihood of this is lower. Excessive water ingress, disturbance and the presence of fine materials may also give rise to unplanned releases of material of varying properties and of water through drawbells. Cadia recorded sudden unplanned releases of both dry fine ore material and wet mud material through drawbells in 2023.

In addition, there are a number of risks and uncertainties associated with the application of techniques used in the civil engineering industry for the stabilization of steep open pit slopes by Newmont at Lihir, which is located in Papua New Guinea. These risks include variation to technical models when compared to actual conditions, performance of reinforcement system in hot ground and delays with the execution of the civil works due to lack of experience with these techniques. The success of our operations depends, in part, on implementing engineering solutions to particular geotechnical, hydrogeological and geothermal conditions. For example, underground operations, large vertical shafts need to be excavated in order to provide ventilation to the underground environment, and sometimes these shafts are excavated using unsupported techniques such as raiseboring, whereby the walls of the shafts cannot be supported until the excavation is completed. If adverse and unexpected geotechnical and hydrogeological conditions are encountered, the shaft walls may become unstable. To prevent this type of incident occurring, thorough geotechnical and hydrogeological investigations and stability assessments are required and, if needed, alternate excavation locations or techniques need to be implemented. One such shaft wall failure incident occurred at Cadia in 2022, resulting in the need to abandon and backfill a shaft shortly after the completion of excavation to prevent further unravelling of the shaft wall and potential interruptions to other operations.

Operations may also experience challenges to operating conditions, such as inundation, inrush of water or other materials, airblast and those relating to elevated temperatures (including management and discharge of hot water encountered in the underground workings). These risks could result in damage to, or destruction of, mineral properties, production facilities, equipment or other properties, personal injury or death of employees or third parties, environmental damage, community outrage, delays in mining, increased production costs, monetary losses and possible legal liability. Our operations are also subject to risks associated with a natural disaster, which include risk of tsunami, wildfires, mine flooding, geysers and outbursts, cyclones, avalanches and landslides. In

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addition, seismic activity may impact operations that are located in seismically active areas and subject to risks of earthquakes, such as Cadia and, with the related risks of tidal surge and tsunamis, Lihir. For instance, a large seismic event in 2017 impacted Cadia resulting in a temporary suspension of operations. Seismic activity has also been experienced at our Éléonore mine. Additionally, our Lihir operation is located within the Luise Caldera of the Luise Volcano which is located on the east coast of the Aniolam Island. The caldera is geothermally active in the form of hot springs and fumaroles.

Adverse geotechnical, geothermal and hydrogeological conditions, including surface or underground fires, floods, droughts, geysers and outbursts, coastal erosion and landslides, avalanches, cyclones and pit wall failures, can be difficult to predict. Such conditions are often affected by risks and hazards outside of our control, such as severe weather and considerable rainfall, which may lead to periodic floods, mudslides, wall instability and seismic activity, which may result in slippage of material. Such events may not be detected in advance.

In addition, Newmont has both operational (active and inactive) and closed tailings storage facilities ("TSFs") in a variety of climatic and geographic settings. Annually, Newmont manages and disposes more than 150 million tonnes of milled rock slurry, referred to as tailings, that are placed within engineered, surface containment facilities, or placed as structural backfill paste in underground mines (e.g., Éléonore, Porcupine). Newmont has experienced seepage and/or localized instability at TSFs which required us to re-evaluate our emergency response systems and make modifications to our TSFs. Issues with TSFs, such as instability, failure and/or seepage could occur in the future, and Newmont conducts detailed risk assessments considering potential failure modes to support understanding and development of risk mitigation measures in accordance with the As Low As Reasonably Practicable principle. The failure of a TSF embankment or a water storage dam at one of our mine sites could cause severe, and in some cases catastrophic, property and environmental damage and loss of life. For example, in early 2019, the extractive industry experienced a large-scale tailings dam failure at an unaffiliated mine in Brazil, which resulted in numerous fatalities and caused extensive property, environmental and reputational damage. Recognizing this risk, Newmont continues to review and refine our existing practices and, as a member of the International Council on Mining & Metals ("ICMM"), commits to implementation of the GISTM. Work is underway to bring all TSFs in our portfolio into conformance with the GISTM by August 2025, and no assurance can be given that conformance will be achieved by such deadline. Conformance with the GISTM as well as improved understanding of our tailings risks and requisite mitigation remains on-going and has and may continue to result in increases to our estimated sustaining costs and closure costs for existing tailings facilities. Despite these efforts, no assurance can be given that TSF failure events will not occur in the future.

A geotechnical failure of a TSF, dam, or pit slope could result in limited or restricted access to mine sites, suspension of operations, government investigations, regulatory actions or penalties, increased monitoring costs, remediation costs and other impacts, which could result in a material adverse effect on our results of operations and financial position. For example, in December 2023 the Company temporarily suspended its processing operations at the now divested Telfer operations in Western Australia after cracking and sinkholes were detected on an internal embankment of the site’s TSF. Remediation works were completed in September 2024.

A failure to safely resolve any unexpected problems relating to these conditions at a commercially reasonable cost may result in damage to infrastructure or equipment or injury to personnel and may adversely impact the Company’s operating results and financial position. See also the risk factors under the heading “We may experience increased costs or losses resulting from the hazards and uncertainties associated with mining” and “Damage to our reputation may result in decreased investor confidence, challenges in maintaining positive community relations and can pose additional obstacles to our ability to develop our projects, which may result in a material adverse impact on our business, financial position, results of operations and growth prospects” and “Our operations and projects are subject to extensive environmental laws and regulations.”

Our operations and projects may be adversely affected by rising energy prices or energy shortages.

Our mining operations and development projects require significant amounts of energy. Some of our operations are in remote locations requiring long-distance transmission of power or energy sources needed to generate power, and in some locations we compete with other companies for access to third party power generators or electrical supply networks. A disruption in the generation or transmission of energy, inadequate energy transmission infrastructure or the termination of any of our energy supply contracts could interrupt our energy supply and adversely affect our operations.

Our principal energy sources are purchased electricity, diesel fuel, heavy fuel oil and natural gas. A variety of factors, including higher energy usage in emerging market economies, actual and proposed taxation of carbon emissions as well as concerns surrounding global conflicts, could result in increased demand or limited supply of energy and/or sharply escalating diesel fuel, natural gas and other energy prices. A reduction in Northern Territory natural gas production is a specific concern for Tanami’s short-term energy prices. Availability of renewable power sources or conflicting government regulations, such as the proposed reform of the energy market in Mexico, may have an impact on our ability to meet our reduction targets with a specific timeline. Changes in energy laws and regulations in various jurisdictions, restrictions on energy supply and increased energy prices could negatively impact our operating costs and cash flow.

As our operations move to reduce our GHG emissions, renewable power sources and technology at our operations will continue to be evaluated and implemented. Such transitions are likely to require capital expenditures and may result in additional costs. Certain of our operations may also become more dependent upon access to electrical power supply as certain mines advance projects

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aimed at the electrification of large haulage fleets. The availability to access renewable power (with greater competition) and the readiness of technology to support decarbonization with the timeframe of the 2030 and 2050 targets remains subject to uncertainties, which could impact ability to achieve targets. See the risk factor above under the heading “Our operations and projects are subject to a range of risks related to transitioning the business to meet regulatory, societal and investor expectations for operating in a low-carbon economy”.

Our operations and projects are dependent on the availability of sufficient water supplies and subject to water-related risks.

We recognize the right to clean, safe water and that reliable water supplies are vital for hygiene, sanitation, livelihoods and the health of the environment. Water is also critical to our business, and the increasing pressure on water resources requires us to consider both current and future conditions in our management approach. We have set annual water efficiency targets at each of our operating sites. Additionally, we aim to achieve ambitious long-term water stewardship actions, which integrate our operations and value chain and support collective management of water through external partnerships and collaborations. A failure to meet our water targets and/or societal or investor expectations could also result in damage to our reputation, decreased investor confidence and challenges in maintaining positive community relations, which can pose additional obstacles to our ability to develop our projects, which may result in a material adverse impact on our business, financial position, results of operations and growth prospects.

Across the globe, water is a shared and regulated resource. Newmont operates in areas where watersheds are under stress with limited supply, increasing population and water demand, and impacted water in various forms. Increasing pressure on water use may occur due to in-migration of communities and increased populations in proximity to our operations. Although each of our operations currently has sufficient water rights, claims and contracts to cover its operational demands, we cannot predict the potential outcome of pending or future legal proceedings or community negotiations relating to our water rights, claims, contracts and uses.

Water shortages and surplus may also result from weather or climate impacts outside of the Company’s control. Changes in the quantity of water, whether in excess or deficient amounts, may impact exploration and development activities, mining and processing operations, water management and treatment facilities, tailings storage facilities, closure and reclamation efforts, and may increase levels of dust land erosion and wildfires in dry conditions, and increase slope instability and the risk of water ingress in the case of prolonged wet conditions.

Our Peñasquito and CC&V operations are situated in areas with high baseline water stress. CC&V in Colorado must purchase water supply in order to meet site needs and augmentation requirements. Peñasquito in Mexico takes its water supply from the Cedros Aquifer which has limited and declining yield as it is located in a dry and arid area that is prone to drought, and also is relied upon by nearby communities as a water supply for drinking water and agriculture. The water supply at Peñasquito is thus subject to a significant degree of regulatory and community scrutiny, and increased costs, and Peñasquito has made long-term commitments to provide safe community water supplies.

Seasonality and changes in the levels of rainfall can also impact our operations. For example, in January 2023, our Tanami site in Australia experienced unexpected and significant rain resulting in flooding and road closure limiting our ability to get supplies to the site, causing mill backup and impacts to production. Similarly, at Boddington in Australia severe weather and heavy rainfall at Boddington caused delays and impacted productivity during the third quarter of 2021 and 2022. There is also a risk at Boddington that extended below average rainfall or the occurrence of drought in southwest Australia could impact raw water supply for the site. While we have incorporated systems to address the impact of the dry season and water shortages as part of our operating plans, we can make no assurances that those systems will be sufficient to address all shortages in water supply, which could result in production and processing interruptions.

In 2023, Lihir’s performance was impacted following extreme rainfall limiting pit access and causing material handling issues at the crushers. Lihir has also experienced reduced milling rates due to limited raw water supply to the plant driven by drought conditions experienced across the New Ireland Province in PNG. Lihir has progressed options to improve its water management resilience, including improving its internal water recycling and identifying additional water sources and storage options. In addition, Cadia has previously experienced water scarcity from drought conditions in 2019 which resulted in a reduction in water use to assist the Orange community response to the drought.

Increased precipitation and severe storm events may potentially impact tailings storage facilities in the future by exceeding water management capacity, overtopping the facility, and/or undermining the geotechnical stability of the structure. We have experienced impacts at various sites in recent years due to heavy rainfall and severe storms. For example, in 2022, Yanacocha experienced heavy rainfall, above average historical levels, which resulted in significant water balance stress and required active emergency management. Refer to Note 25 to the Consolidated Financial Statements under the heading Environmental Matters - Minera Yanacocha S.R.L, for additional information. Increased amounts of water may also result in flooding of mine pits, maintenance and storage facilities; or may exceed current water management and treatment capacity to store and treat water, physical conditions resulting in an unintended overflow and discharge either on or off of the mine site property. See the risk factor above under the heading “Our operations and projects are subject to a range of risks related to transitioning the business to meet regulatory, societal and investor expectations for operating in a low-carbon economy” for additional information.

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Operations have identified seepage from infrastructure (tailings, waste rock and ore stockpiles) that may have an impact on water resources (groundwater and/or surface water); for example, seepage has been detected in the shallow and deep aquifers underlying the tailings facility at Red Chris. We are currently managing this risk through monitoring, collection and treatment systems. There is a risk that the seepage could have an impact on beneficial use of groundwater resulting in increased requirements for collection and treatment as well as the potential requirement to provide alternative water sources. See also the risk factor under the heading “Our Company and the mining industry are facing continued geotechnical, geothermal and hydrogeological challenges, which could adversely impact our production and profitability.”

Laws and regulations may be introduced in some jurisdictions in which we operate which could limit our access to sufficient water resources in our operations, thus adversely affecting our operations. Additionally, laws, regulations and permit requirements focused on water management and discharge requirements are becoming increasingly stringent and may continue to require additional water management activities and/or water treatment during operation and into closure. We are also seeing increasingly stringent regulations of surface and groundwater at a number of our sites resulting in increased monitoring and potentially the need for pump back systems and treatment in the future. New requirements and regulation have resulted or may result in increased costs and could negatively impact our operating costs and cash flows in the future.

For more information on the Company’s reclamation and remediation liabilities, refer to Notes 6 and 25 to the Consolidated Financial Statements, and the risk factor under the heading “Mine closure, reclamation and remediation costs for environmental liabilities may exceed the provisions we have made.”

Our operations and projects are subject to risks related to our relationships and/or agreements with local communities, including Indigenous Peoples, and laws for the protection of cultural heritage.

The Company’s relationships with the communities that are located near its operations or on whose land it operates are essential to the success of its existing operations, exploration activities and the construction and development of its projects. A failure to manage relationships with such communities may lead to local dissatisfaction which, in turn, may lead to interruptions to the Company’s operations, exploration activities and development projects. Specific challenges in community relations include community concerns over management of increased traffic, migratory workforces, environmental impacts and resource depletion, social, environmental and cultural heritage impacts, increasing expectations regarding the level of benefits that communities receive, benefits sharing with Indigenous peoples’ governments, concerns focused on the level of transparency regarding the payment of compensation and the provision of other benefits to affected landholders and the wider community. In particular, opposition by Indigenous communities to the Company’s activities may require modifications to or preclude operation or development of its projects or may require entry into additional agreements with Indigenous communities, which may result in additional costs. Newmont’s current and future operations are subject to a risk that one or more Indigenous communities in the locations in which we operate may oppose continued operation, further development or new development of its projects or operations. Claims and protests driven by such opposition may disrupt or delay activities, including permitting, at the Newmont’s operations and projects. The negotiation and review of agreements, including components such as business development, participation, co-management and compensation and other benefits, involve complicated and sensitive issues, associated expectations and often competing interests. The nature and subject matter of these negotiations may result in community unrest which, in some instances, may lead to interruptions in our exploration programs, operational activities or delays to project implementation or development.

Additionally, the evolving obligations of governments and Indigenous people under international, national and local legislation and international conventions pertaining to the rights of Indigenous people may impact Newmont’s operations and projects. For example, the Government of British Columbia, Canada has adopted the Declaration on the Rights of Indigenous Peoples Act (2019) to implement the United Nations Declaration on the Rights of Indigenous Peoples ("UNDRIP") in British Columbia, which may impact Red Chris and Brucejack.

Our operations are also subject to laws and regulations that provide for the protection and management of cultural heritage in the jurisdictions in which we operate. For example, following the destruction of Indigenous heritage sites at Juukan Gorge in Western Australia in 2020 and the inquiry and reports issued by the Commonwealth Parliament Joint Standing Committee on Northern Australia in 2021, mining companies have come under heightened scrutiny regarding cultural heritage management, including, for example, with respect to their governance and management processes and procedures around cultural heritage, engagement with Indigenous communities and protection of cultural landscapes. Although the parliamentary inquiry focused on Indigenous cultural heritage, laws to protect and manage cultural heritage also cover non-Indigenous (historic) heritage. Another example, in Western Australia, where Boddington is located, a new Aboriginal Cultural Heritage Act 2021 (WA) came into force in 2023, replacing the Aboriginal Heritage Act 1972 (WA) and introducing new offenses and increased penalties aimed at better protecting Aboriginal cultural heritage in Western Australia. In 2023, the WA Premier announced that the Aboriginal Cultural Heritage Act 2021 (WA) will be completely repealed, with an amended Aboriginal Heritage Act 1972 (WA) replacing it.

Further, cultural heritage in PNG is protected under the National Cultural Property (Preservation) Act 1965 (PNG). The main government bodies responsible for enforcing this Act are the National Museum and Art Gallery of PNG and the National Cultural Commission. The Lihir operation has a culturally significant site called the Ailaya Rock, located near the mining operations. Significant civil reinforcement work is being undertaken to protect the surrounding area's structural integrity. A failure to maintain the integrity of the surrounding area could inadvertently damage the site, resulting in impacts to community relations and reputation.

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Newmont’s operations could inadvertently disturb protected cultural heritage assets, resulting in international scrutiny by investors and non-governmental organizations, negative impact on stockholder value, compensation and/or offset claims, increased costs to projects and operations, delays impacting construction or production or project development, court action or other legal proceedings and lasting reputational damage.

Risks Related to the Jurisdictions in Which We Operate

Our operations and projects are subject to risks of doing business in multiple jurisdictions.

Exploration, development, production and mine closure activities are subject to regional, political, economic, community and other risks of doing business in multiple jurisdictions, including:

•Potential instability of foreign governments and changes in government policies, including relating to or in response to changes of U.S. laws or foreign policies;

•Expropriation or nationalization of property;

•Restrictions on the ability to pay dividends offshore or to otherwise repatriate funds;

•Restrictions on the ability of local operating companies to sell gold and other metals offshore for U.S. dollars, or on the ability of such companies to hold U.S. dollars or other foreign currencies in offshore bank accounts;

•Import and export regulations, including restrictions on the export of gold, copper, silver, lead and/or zinc;

•Disadvantages relating to submission to the jurisdiction of foreign courts or arbitration panels or enforcement or appeals of judgments at foreign courts or arbitration panels against a sovereign nation within its own territory;

•Royalty and tax increases or claims, including retroactive increases and claims and requests to renegotiate terms of existing investment agreements, contracts of work, leases, royalties and taxes, by governmental entities, including such increases, claims and/or requests by the governments of Argentina, Australia, Canada, Chile, the Dominican Republic, Ecuador, Fiji, Ghana, Mexico, Papua New Guinea, Peru, Suriname, the State of Colorado and the State of Nevada in the U.S.;

•Changes in laws or regulations in the jurisdictions in which we operate, including in changes resulting from changes in political administrations;

•Risk of increased taxation related to impacts to government revenue as a result of challenging socioeconomic conditions, including recessions and/or in connection with heath and community emergencies, such as pandemics, epidemics or outbreaks (including COVID-19 and related variants), and climate events;

•Fines, fees, and sanctions imposed for failure to comply with the laws and regulations of the jurisdictions in which we operate;

•Risk of loss due to inability to access our properties or operations;

•Other risks arising out of foreign sovereignty over the areas in which our operations are conducted, including risks inherent in contracts with government owned entities such as unilateral cancellation or renegotiation of contracts, licenses or other mining rights;

•Delays in obtaining or renewing, or the inability to obtain, maintain or renew, necessary governmental permits, mining or operating leases and other agreements and/or approvals;

•Risk of loss due to civil strife, acts of war, guerrilla activities, insurrection and terrorism;

•Claims for increased mineral royalties or ownership interests by local or Indigenous communities;

•Increased expectations of local Indigenous communities for profit or other benefit sharing;

•Risk of loss due to criminal activities such as trespass, blockade, local artisanal or illegal mining, organized crime by drug cartels, theft and vandalism;

•Delays in obtaining or renewing collective bargaining or certain labor agreements, workforce unionization, or demand for profit sharing;

•Disadvantages of competing against companies from countries that are not subject to the rigorous laws and regulations of the U.S. or other jurisdictions, including without limitation, the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act and the Dodd-Frank Act;

•Increases in training and other costs and challenges relating to requirements by governmental entities to employ the nationals of the country in which a particular operation is located;

•Increased financing costs;

•Currency fluctuations, particularly in countries with high inflation;

•Foreign exchange controls;

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•Increases in costs relating to, or restrictions or prohibitions on, the use of ports for concentrate storage and shipping, such as in relation to our Boddington operation where use of alternative ports is not currently economical, or in relation to our ability to procure economically feasible ports for developing projects;

•Risk of disruption, damage or failure of information technology systems, and risk of loss and operational delays due to impacts to operational technology systems, such as due to cyber-attacks, malicious software computer viruses, security breaches, design failures and natural disasters;

•Risk of loss due to disease, such as malaria or the zika virus, and other potential medical endemic or pandemic issues, such as Ebola or COVID-19, as a result of the potential related impact to employees, disruption to operations, supply chain delays, trade restrictions and impact on economic activity in affected countries or regions; and

•Disadvantage and risk of loss due to the limitations of certain local health systems and infrastructure to contain diseases and potential endemic health issues.

Consequently, our exploration, development and production activities may be affected by these and other factors, many of which are beyond our control, some of which could materially adversely affect our financial position or results of operations.

New or changing legislation and tax risks in certain operating jurisdictions could negatively affect us.

We have operations and conduct business in a number of jurisdictions, which may increase our susceptibility to sudden tax changes. For instance, a 12% export duty was imposed by the Argentina government in 2018, revised down to 8% thereafter, however, with the election of new government in 2023, the rate is now currently 0%. The state of New South Wales, Australia, passed 2023 legislation that imposes an increased stamp duty which materially affected the Newcrest transaction. Also in Australia, the Debt Deduction Creation Rules, introduced during 2024 and which will first apply to the 2025 year, could have the potential to limit the tax deductibility of intercompany interest expense. In the State of Zacatecas, Mexico, environmental taxes became effective in 2017 with little clarity on how the taxes are to be calculated. An ecological tax agreement was ratified in 2021 which provides clarity for 2021 to 2024, after which, the Company, along with other companies in the State of Zacatecas, will need to engage with governmental authorities to understand how the environmental tax would be levied year-over-year. Also, in Mexico, a 2021 tax reform bill proposed federal fees on revenue generated from mining which could impact our operations if passed. Furthermore, a new Economic Plan for 2022 (the "Proposal") was enacted. While the changes under the Proposal are not substantive in nature (in the sense that they do not create new taxes or increase applicable rates), they may increase the future cost of our compliance and pose additional uncertainties in application of the law. Further, the Mexican government has increased the Mining Tax rate from 7.5% to 8.5% effective on January 1, 2025. In the United States, at the federal and state level, regulatory changes which may be implemented in the area of tax reform remain uncertain and may adversely affect companies in the mining sector. For example, NGM could be impacted by the resolutions brought to the State of Nevada Legislature to amend the State Constitution to increase mining taxes. An example of this was the passing of Assembly Bill 495 in 2021 that results in a new excise tax on mining companies engaged in the business of extracting gold and silver in the state of Nevada. In 2024, Pillar II has been enacted in a number of countries. The Pillar II agreement was signed by 138 countries with the intent to equalize corporate tax around the world by implementing a global minimum tax of 15%. As Newmont primarily does business in jurisdictions with a tax rate greater than 15%, the Company does not anticipate a material impact to its financial statements. A number of changes in the laws, regulations and policies in PNG have recently been proposed or are currently being considered. See the risk factor under the heading “Our operations at Lihir and project at Wafi-Golpu in PNG are subject to political and regulatory risks and other uncertainties”. Taxation laws and other regulations of the jurisdictions in which we operate are complex, subject to varying interpretations and applications by the relevant tax authorities and subject to changes and revisions in the ordinary course. It is difficult to predict whether proposed changes to regulations will be passed or to what extent they will impact the Company. Any additional and/or unexpected taxes imposed on us could have a material and adverse impact on our Company. See also the risk factor under the heading “Our operations and projects are subject to a range of risks related to transitioning the business to meet regulatory, societal and investor expectations for operating in a low-carbon economy” for a discussion of uncertainties and potential tax increases in connection with climate change considerations.

Changes in mining or investment policies or shifts in political and social attitudes in the jurisdictions in which we operate may adversely affect our operations or profitability.

Our operations may be affected in a number of ways by laws and regulations related, but not limited to: restrictions on production; price controls; export controls; import restrictions, such as restrictions applicable to, among other things, equipment, services and supplies, currency remittance, income taxes, expropriation of property, foreign investment, maintenance of mineral, mining, or surface land tenure, environmental legislation, land use, surface land access, land claims of local communities, water use, and mine safety. Failure to comply strictly with applicable laws, regulations and local practices relating to applying for and maintaining land and tenure could result in loss, reduction or expropriation of entitlements, or the imposition of additional local or foreign parties as partners with carried or other interests, any of which may adversely affect our operations or profitability.

In addition, when governments struggle with deficits and concerns over the potential and actual effects of depressed economic conditions (which occurred in the past in connection with COVID-19 impacts), many of them have in the past, and may in the future, target the mining and metals sector in order to raise revenue. Governments are continually assessing the fiscal terms of the economic rent for a mining company to exploit resources in their countries. Numerous countries have implemented changes to their

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mining regimes that reflect increased government control over or participation in the mining sector, including, but not limited to, changes of law affecting foreign ownership and takeovers, mandatory government participation in mining enterprises, taxation and royalties, working conditions, rates of exchange, exchange controls, exploration licensing, export duties, requirements to sell to the government, repatriation of income or return of capital, environmental protection, as well as requirements intended to boost the local economy, including usage of local goods and employment of local and community staff or contractors, among other benefits to be provided to local residents. The effects of the various requirements and uncertainties related to the economic risks of operating in foreign jurisdictions cannot be accurately predicted and could have a material adverse effect on our financial position or results of operations. Some concern exists with respect to investments in parts of the world where civil unrest, war, nationalist movements, political violence or economic crises are possible. These countries may also pose heightened risks of expropriation of assets, business interruption, increased taxation or unilateral modification of concessions and contracts. We do not maintain insurance policies against political risk. Occurrence of events for which we are not insured may affect our results of operations and financial position.

Our operations at Yanacocha and projects in Peru are subject to political and social unrest risks.

Minera Yanacocha S.R.L. (“Yanacocha”), including the mining operations at Yanacocha and the Conga project in Peru, has been the target of local political and community protests, some of which blocked the road between the Yanacocha mine and Conga project complexes and the City of Cajamarca in Peru and resulted in vandalism and equipment damage. While recent roadblocks and protests have diminished, and there is focus on local political activism and labor disputes, we cannot predict whether similar or more significant incidents will occur in the future. The recurrence of significant political or community opposition or protests could continue to adversely affect the continued operation of Yanacocha and other projects in the area.

Construction activities on our Conga project were suspended in 2011, at the request of Peru’s central government following protests in Cajamarca by anti-mining activists led by the regional president. Based on the Company's internal project portfolio evaluation process, we have reprioritized other projects ahead of the Conga project, and therefore do not anticipate developing Conga in the next ten years. As a result, the Conga project is currently in care and maintenance and we will continue to evaluate long-term options to progress development of the Conga project. Should the Company be unable to develop the Conga project or conclude that future development is not in the best interest of the business, a future impairment charge may result.

The prior Central Government of Peru supported responsible mining as a vehicle for the growth and future development of Peru. However, following the presidential election in 2021, there has been considerable political unrest in Peru. In a close and contested election, Pedro Castillo was declared the president-elect of Peru in July 2021, which resulted in a period of protests, unrest and uncertainty around the political and social environment in Peru and Cajamarca. Amidst political turmoil and instability, Castillo made numerous changes to his cabinet, including ministers of mining, work and interior, and of prime ministers. Castillo was ultimately removed from office in late 2022 due to his attempt to dissolve the legislative body and install an emergency government. Political turmoil and division has continued in Peru as protest and demonstrations against the current President Dina Boluarte escalated in early 2023 resulting in clashes with security forces and violence.

The current Central Government’s legislative priorities and support for responsible mining in Peru remains uncertain. Previous regional governments of Cajamarca and other political parties actively opposed certain mining projects in the past, including by protests, community demands and road blockages, which may occur again in the future. We are unable to predict the positions that will be taken by the Central or regional government and neighboring communities in the future and whether such positions or changes in law will affect current operations and new projects in Peru. Risks related to mining and foreign investment under the new administration include, without limitation, risks to mineral, mining and surface, land tenure and permitting, increased taxes and royalties, nationalization of mining assets and increased labor regulations, environmental and other regulatory requirements. Any change in government positions or laws on these issues could adversely affect the assets and operations of Yanacocha or other projects in Peru, which could have a material adverse effect on our results of operations and financial position. Additionally, the inability to operate or expand at Yanacocha could have an adverse impact on our growth and production in the region. See also the risk factor under the heading “Mine closure, reclamation and remediation costs for environmental liabilities may exceed the provisions we have made” and refer to Note 1 to the Consolidated Financial Statements regarding the Company’s interest in Yanacocha.

Our Merian operation in Suriname is subject to political, security and economic risks.

We hold a 75% interest in the Merian gold mine (“Merian”) in the mid-eastern part of Suriname. Suriname has experienced political instability and uncertainty in the past which may continue in future years. Suriname is faced with high debts to foreign creditors, significant inflation rates and has experienced a hyperinflationary economy. Significant devaluation of the Surinamese dollar against the U.S. dollar in recent years has resulted in an increase of the prices of certain goods and services within Suriname, including without limitation, the price of fuel, which had been subsidized by successive governments. The government of Suriname recently passed a new law to introduce Value Added Tax, which came into effect on January 1, 2023 and has drastically increased the cost of living and negatively impacts the purchasing power of the residents of Suriname, including our employees. These impacts and negative economic trends can cause social unrest, which may present risks for our operations in Suriname.

Operations and development in Suriname are governed by a mineral agreement with the Republic of Suriname. The mineral agreement was approved by parliament and requires approval by parliament to change. However, in 2021, the government made requests for prepayment of taxes and special solidarity payments in light of budgetary concerns, it is possible that the government may

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request changes to the mineral agreement in the future. While the government is generally considered by the Company to be mining friendly, it is possible that the current or future government may adopt substantially different policies, make changes in taxation treatment or regulations, take arbitrary action which might halt operations, increase costs, or otherwise impact mining and exploration rights and/or permits, any of which could have a material and adverse effect on the Company's future cash flows, earnings, results of operations and/or financial condition.

The government of Suriname previously exercised an option to participate in a fully-funded 25 percent equity ownership stake in Merian. Suriname manages its participation through Staatsolie Maatschappij Suriname N.V. (“Staatsolie”), a Surinamese corporation with the Republic of Suriname as sole stockholder. If Staatsolie does not have sufficient funds or borrowing ability to make their capital commitments in accordance with the terms of the partnership agreement, our operations in Suriname could be impacted. See the risk factor under the heading “Future funding requirements may affect our business, our ability to pay cash dividends or our ability to engage in share repurchase transactions.” Earlier in this section under “Risks Related to Our Business”.

Our operations at Ahafo and Akyem in Ghana are subject to political, economic and other risks.

Newmont operates in Ghana pursuant to a Revised Investment Agreement ratified by Ghana’s Parliament in 2015, which established a fixed fiscal and legal regime, including fixed royalty and tax rates, for Newmont operations in Ghana. The financial and tax stability periods established by such agreements expire as early as 2025 for Ahafo and 2027 for Akyem. The tenure of the Revised Investments Agreement is linked to the mining leases. The Akyem mining leases, which were due to expire in January 2025, were renewed in September 2024 and are currently pending ratification in Parliament. The Republic of Ghana has experienced worsening socioeconomic conditions in recent years. The Ghanaian cedi has experienced significant depreciation with inflation accelerating to 54.1% at the end of 2022. Ghana’s credit rating worsened to speculative grade, at near default to default levels, as the Ghanaian Finance Ministry announced suspension of debt service payments in December 2022 on the majority of its external debt, including commercial and bilateral loans, and that Ghana was seeking to restructure its debt. Efforts in early 2023 to put in place a domestic debt exchange program have faced setbacks from pension funds and by individual bond holders leading to amended terms. Continued economic recession and/or unfavorable macroeconomic indicators have also resulted in pressures from the Government of Ghana to obtain more revenue and benefits from mining companies on the back of anti-mining sentiment and perceived inequities that the industry is not contributing its fair share. To address budgetary deficits, the Government of Ghana initiated measures to generate additional revenue from the mining industry and other sectors of the economy as it attempted to increase revenue collection through various tax audits and investigations, proposed new fees, increased revenue and tax initiatives and other vehicles, such as the Growth and Sustainability Levy, and in 2024, Emissions Levy and VAT on electricity. While the second half of 2023 experienced an improvement in the macroeconomic situation with inflation reducing to 23.2% in December 2023 and 23.8% in December 2024, the Ghanaian cedi being relatively stable, with support from the International Monetary Fund and World Bank in early 2024, significant economic risks remain. A new government was inaugurated on January 7, 2025 after a relatively peaceful election. Other risks include impacts to supply chain, restrictions and local procurement requirements under local content regulations. On the January 8, 2025 in the Daily Graphic newspaper, the Minerals Commission published the 6th edition of the Local Procurement List which includes a prohibition on mining by mining lease holders and requiring surface mining operations to be outsourced to companies with 100% Ghanaian stockholders and directors and underground operations to be outsourced to companies with 50% Ghanaian stockholders and directors. The Ghana Chamber of Mines, of which Newmont is a member, is reviewing the list and is to engage the government on this prohibition on owner mining. Additionally, there is a risk of increase in key commodity prices, more restrictive local banking requirements including requirements for repatriation of proceeds to banks domiciled in Ghana, limitations on capacity of banks to provide reclamation bonds, requests for further local employment requirements, requests for contract renegotiation and increases in contract rates and other costs. The government may grant artisanal mining rights or alternative mining rights, such as sand and gravel, in locations in which the Company has tenure rights, but no active operations, impacting the Company’s non-operational land positions. Economic setbacks and anti-mining sentiment can also result in an increase in community frustration and friction with artisanal small-scale mining resulting in conflicts, which can negatively impact our operations in Ghana.

Our operations in Argentina are susceptible to risk as a result of economic and political instability in Argentina and labor unrest.

With the election of a new President at the end of 2023, the economic environment in Argentina has experienced stabilization during 2024. Although inflation was drastically reduced, it still is at a high level and will remain as a challenge for 2025. There continue to be risks relating to the uncertain and unpredictable political and economic environment in Argentina, especially at the provincial level in Santa Cruz where our Cerro Negro mine is located. Argentina’s central bank instituted a number of foreign currency controls in an effort to stabilize the local currency. Although some flexibility has been introduced, major restrictions and controls remain in place. For information on Argentina’s foreign currency controls and their effect on our operations, see the section titled “Foreign Currency Exchange Rates” in Item 7, Management’s Discussion and Analysis of Consolidated Financial Condition and Results of Operations. Maintaining operating revenues in Argentine pesos could expose us to the risks of peso devaluation and high domestic inflation.

In recent years, we experienced work stoppages by miners represented by unions at the Cerro Negro Mine. Disruptions may arise again in the future with the unions at the Cerro Negro mine that could adversely affect access to, and operations at, the Cerro Negro Mine. For more information see the risk factor under the heading “Our business depends on good relations with our employees.”

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Our operations at Lihir and project at Wafi-Golpu in PNG are subject to political and regulatory risks and other uncertainties.

Our Lihir operation, which comprises an open pit mine that produces gold doré, is located on the island of Aniolam, PNG. We also hold a 50% interest in a joint venture that owns the Wafi-Golpu exploration project (“Wafi-Golpu” and such joint venture, “WGJV”), which is located in the province of Morobe, PNG. The current PNG administration, led by Prime Minister James Marape, has stated that it wants to increase benefits for PNG from extractive projects. Potential policy changes could include introducing a new production sharing regime for minerals and/or oil/gas, amending or replacing the PNG Mining Act of 1992, introducing domestic processing/refining requirements, changing the level and manner of local equity participation in projects and introducing new taxation regimes, banking and foreign exchange controls and/or controls pertaining to the holding of cash and remittance of profits and capital to parent companies. Any such change could impact our operating results and financial condition.

In 2020, the PNG Government announced that the special mining lease ("SML") for the Porgera mining operation (a major mining operation in PNG which was owned and operated by the Porgera JV and not Newmont) would not be renewed. It subsequently amended the Mining Act and issued a new SML for Porgera to Kumul Mineral Holdings Limited (a State-owned company). Since taking this decision, the PNG Government has been working with the Porgera JV participants and other key stakeholders to establish new arrangements for restarting and operating Porgera. During 2023, the parties signed various agreements and the Government passed specific enabling legislation for a restart of operations at Porgera under new commercial terms. The restart occurred in December 2023. The PNG Government has stated that the decision not to renew the Porgera SML is specifically related to environmental damages claims and resettlement at the Porgera mine and has no bearing on any other operations, including Lihir, or advanced exploration projects, including Wafi-Golpu.

In 2020, the PNG government prepared and submitted to the National Parliament of PNG (the “PNG Parliament”) a proposed new organic law to introduce a production sharing regime for the mining sector. The proposed organic law will require the approval of a two thirds majority of the PNG Parliament and, if passed in its current proposed form, purports to transfer ownership of minerals from the State of PNG to state-owned entities who would then be responsible for negotiating mineral production sharing arrangements. As currently drafted, the bill containing the proposed organic law will not apply to Lihir, but could potentially apply to Wafi-Golpu if a mining lease or mining development contract is not in place before the effective date for the proposed organic law. The bill is yet to be debated in the PNG Parliament. In December 2024 Prime Minister Marape reaffirmed the Government’s intention to reform PNG’s mining and oil/gas laws as part of PNG’s 50th anniversary of independence in 2025 and indicated a production sharing regime for minerals and/or oil/gas remains under consideration.

On October 29, 2021, Prime Minister Marape announced proposed legislation which, if enacted, would regulate the export of gold from PNG and require that mining companies operating in PNG refine gold with a new national mint. At this stage, it is unclear whether this proposed legislation will become law and, if so, when it would take effect. In addition, in June 2023, the PNG government released a new national gold bullion policy setting out the government’s objective of establishing a domestic gold bullion program to refine gold, hold gold reserves and eventually enter into trading in the world gold market. It is unclear when or how the new national gold bullion policy will be implemented, and how the policy will interact with the legislation proposed in 2021. Under the terms of the Lihir mining development contract, we may be required to refine a portion of our Lihir gold production within PNG if certain quality and security requirements are met and the terms offered are commercially competitive, but it is otherwise free to enter into arms’ length refining contracts with refineries outside of PNG.

The PNG government has also announced that it is considering replacing the current PNG Income Tax Act with a new Income Tax Act (the “NITA”) with limited consultation undertaken to date. The latest draft legislation provides that the NITA will come into force from January 1, 2026, with further consultation and amendments expected during 2025. It remains uncertain as to whether existing tax attributes of Lihir and Wafi-Golpu will be transitioned under the new law due to the lack of key regulations and other key ancillary pieces of legislation. Any adverse changes to the tax laws and regulations will affect Lihir because its Mining Development Contract does not provide protection against income tax law change. Such changes may also affect Wafi-Golpu depending on the terms of any project agreements that may be entered into with the PNG Government.

There is also the potential for legal challenges to the Wafi-Golpu permitting process as it progresses towards completion, including by PNG provincial governments, landowner groups and civil society organizations. For example, in March 2021 and December 2022, the governor of Morobe Province and certain residents of the surrounding areas of Wafi-Golpu, respectively, commenced judicial review applications against the State of PNG, challenging the December 2020 grant of the environmental permit for Wafi-Golpu. Both reviews are still to be heard and determined. Any such legal challenges may adversely impact the Wafi-Golpu permitting process. In addition, WGJV is currently engaging with the State of PNG to progress the permitting of Wafi-Golpu and has commenced discussions relating to its application for a special mining lease, which was submitted to the PNG Mineral Resources Authority in 2016. In April 2023, WGJV signed a Framework Memorandum of Understanding with the State of PNG, which confirmed the parties’ intent to proceed with the project at Wafi-Golpu, subject to finalizing the permitting process and approvals of the boards of both Newcrest (now Newmont) and Harmony Gold, and progress toward signing a mining development contract, which is a prerequisite to granting a special mining lease. The timing for completing the discussions is uncertain and there is no assurance of the outcomes.

Changes in the laws, regulations and policies described above, or to the manner in which they are interpreted or applied to us, may also adversely impact our ability to extend the Lihir special mining lease upon its expiration in 2035.

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Our operations and projects in Canada are subject to legal and regulatory risks and other uncertainties in connection with claims and challenges by Indigenous groups.

First Nations have made claims in respect of Indigenous rights and title to substantial portions of land and water across Canada, which could impact our exploration projects, and operations at Red Chris, Porcupine, Musselwhite, Éléonore and Brucejack. Some of these claims are made outside of treaty and other processes. The effect of such claims on any particular area of land will not be determinable until the exact nature of historical use, occupancy and rights to such property have been clarified, whether by a decision of the Canadian courts or definition in a treaty or otherwise. First Nations throughout Canada are seeking settlements with respect to these claims, including compensation from governments, and are seeking rights to regulate activities by companies within their traditional territories. The effect of these claims cannot be estimated at this time. The federal and provincial governments in Canada have been seeking to negotiate settlements with respective groups in order to resolve many of these claims, and the government routinely delegates procedural aspects of its duty to consult the First Nations to project proponents, particularly with respect to the permitting process. For example, a Statement of Claim filed in November 2024 asserts that resumption of open pit mining at the Pamour mine in Timmins, Ontario, Canada would be without proper consultation or consideration of the cumulative impacts of Taykwa Tagamou Nation's traditional territory and Aboriginal rights, and as such, the associated environmental permits previously issued by the Ontario government with respect to Pamour ought to be revoked (see Note 25 - Commitments and contingencies of Notes to Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K for additional information regarding this claim).

We hold a 70% interest in the Red Chris operation, which comprises an open pit mine that produces gold, copper and silver concentrate, located in British Columbia, Canada. Our Brucejack operation, which comprises an underground mine that produces gold/silver doré and flotation concentrate and hosts the Valley of the Kings high-grade gold deposit, is also located in British Columbia, Canada. In British Columbia, as well as in Canada more generally, the nature and extent of Indigenous rights and title remains the subject of active debate, claims and litigation issues surrounding Indigenous title and rights remain ongoing.

In addition, the government of British Columbia has adopted the UNDRIP and committed to implement UNDRIP in British Columbia, with federal government following suit in 2021 where UNDRIP became federal law in 2021. The provincial and federal legislations commits to systematically review the province’s laws for alignment with UNDRIP principles, while also encouraging new agreements with Indigenous groups that are intended to address outstanding governance questions around the nature of Indigenous rights and title interests in Canada and in British Columbia. In November 2023 a consent-based decision making agreement under section 7 of the UNDRIP was entered into between the government of British Columbia and the Tahltan Central Government (“TCG”) of the Tahltan Nation outlining the process for consent-based decision making for the review of substantial changes to the environmental assessment certificate for the Red Chris mine. The processes outlined in this agreement will apply to changes to the Red Chris environmental assessment certificate relating to the proposed development and operation of the Red Chris block cave mine. Failure or delays in implementing the agreement or to obtain prior informed consent of the TCG may impact the proposed development of the Red Chris block cave mine.

Additionally, the government of British Columbia has committed to reform the Mineral Tenure Act, which governs the acquisition and holding of mineral tenures in British Columbia, in consultation with First Nations and First Nation organizations. This follows challenges by several First Nations in British Columbia against the “free entry” mineral staking regime in the province and a September 2023 Supreme Court of British Columbia decision that held that the province of British Columbia has a duty to consult Indigenous groups when registering mineral claims under the Mineral Tenure Act within their traditional territories. As this reform work remains on-going, the impacts of these developments on the acquisition and renewal of mineral tenures in British Columbia are not yet known.

Risks Related to Our Workforce

Our business depends on good relations with our employees.

Production at our mines is dependent upon the efforts of our employees and, consequently, our maintenance of good relationships with our employees. Due to union activities or other employee actions, we could experience labor disputes, work stops or other disruptions in production that could adversely affect us. For example, in recent years, there have been work stoppages by miners represented by unions at our Peñasquito, Cerro Negro and Merian mines, which have disrupted operations. Certain regions in which we operate, including Central and Latin America, have witnessed notable trends in labor relations, including increasing emphasis on workers' rights and labor protections. Governments and civil society organizations have been advocating for improved labor standards, wages and working conditions, leading to the implementation of new labor laws and regulations in a number of jurisdictions. Additionally, collective bargaining has gained prominence as a means to negotiate and secure favorable terms for workers.

At December 31, 2024, various unions represented approximately 30.4% of our employee workforce worldwide. In 2022, Newmont implemented a new employment model in Ghana converting permanent employees into two-year fixed term contracts. Although 99.8% of eligible employees accepted the new fixed term contract and, received severance for their years of service, following implementation of the new employment model, the two unions requested and were granted new collective bargaining certificates from Ghana’s Chief Labor Officer for bargaining rights for the class of workers to be represented. The two unions are litigating for bargaining rights to be determined based on verification of membership numbers resulting in targeted efforts to increase

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membership and a writ of summons was issued by the Ghana Mine Workers Union and the suit is ongoing. In Peru, our two labor agreements expire in 2026 and 2027. In Suriname, the collective bargaining with the union for our Merian mine was entered into in 2023, and will expire in 2025. In Argentina where there are three district unions; one union has an expired agreement and another has an agreement in place until 2024. In Timmins, Ontario, we renegotiated a five-year collective bargaining agreement for our Porcupine mine with the United Steelworkers Union in October 2023, which will be in effect through October 2028. In Mexico, following negotiations, we reached a profit sharing agreement in 2022 whereby union represented workforce will participate in uncapped profit-sharing bonus up to 10%, which will result in increased labor costs in the future. A collective bargaining agreement expired in 2024 and in October 2024 Newmont Peñasquito and the National Union of Mining, Metallurgical, Steel, and Similar Workers of Mexico (the Union) agreed on a new Collective Bargain Agreement (CBA) for 2024-2026, reflecting the mutual commitment of all parties. Red Chris has a unionized workforce and has a collective agreement in place from April 2023 until April 2025. One provision of the Red Chris Collective Bargaining Agreement (“CBA”) is still being resolved through arbitration. There is an existing employee enterprise agreement in place at Cadia with a nominal expiry date in 2025. A failure to successfully enter into new contracts or resolve ongoing union complaints could result in future labor disputes, work stoppages or other disruptions in production that could adversely affect our operations and financial performance. Future disputes at the Company’s operations, projects or joint ventures may not be resolved without disruptions.

Our Peñasquito operation in Mexico is subject to social, political, regulatory, and economic risks.

Our Peñasquito operation has in the past, and may in the future, be affected significantly and adversely by social, political, regulatory, or economic developments in Mexico. A wide range of general and industry-specific Mexican federal and state environmental laws and regulations apply to our operations. These laws and regulations are often difficult and costly to comply with and carry substantial penalties for non-compliance. For example, in the State of Zacatecas, Mexico, environmental taxes became effective in 2017 with little clarity on how the taxes are to be calculated. An ecological tax agreement was ratified in 2021 which provides clarity for 2021 to 2024, after which, the Company, along with other companies in the State of Zacatecas, will need to engage with governmental authorities to understand how the environmental tax would be levied year-over-year. Additionally, in May 2023, the Mexican government published several amendments to laws relating to the country's mining industry, which includes changes to Mexico's Mining Law, National Waters Law, General Law of Ecological Equilibrium and Environmental Protection and General Law for the Prevention and Integral Handling of Wastes (“Mining Reform”). The Mining Reform is expected to add significant uncertainty for foreign investors in Mexico and companies operating in the mining sector, including Newmont. As a result of the Mining Reform, we expect that it will be more difficult for us to access/maintain rights to land and water, thereby negatively impacting our mining activities within Mexico, raising concerns around exploration programs, security of concessions, and out of cycle community negotiations. If political and regulatory trends continue in a manner that is increasingly less supportive of mining, it can have an adverse impact on our operations and financial results. On June, 2023, the Company filed an injunction (Amparo) against the reforms, and was served with a provisional suspension to the applicability of several provisions of the Mining Reform on January 2024. Additionally, in February 2024, Mexico's president presented before parliament a series of new constitutional reforms. The proposed reforms include a possible ban on the granting of open pit mining concessions and banning activities related to the exploration, exploitation, benefit or use of minerals or metals using open pit mining methods, and potential limitations on water concessions in certain areas of the country. If proposed reforms were to be enacted it could materially impact our exploration activities and operations at Peñasquito and adversely impact financial results.

Production at our Peñasquito operation is dependent upon the efforts of our employees and, consequently, our maintenance of good relationships with our employees. In recent years, we have had several disputes with the National Union of Mine and Metal Workers of the Mexican Republic (“the Union”). Following negotiations in 2022, Newmont and the Union reached a CBA in June 2022 whereby Union represented workforce will participate in uncapped profit-sharing bonus up to 10%, which resulted in increased labor costs. In June 2023, the Union made claims regarding violations of legal regulations and labor agreements (which the Company refuted) and notified the Company of a strike action demanding an increase in the uncapped profit-sharing benefit provided for in the CBA that represented a 100 percent increase equivalent to a 20 percent instead of 10 percent profit-sharing. The Company urged the Union to abide by the mutually agreed CBA and engaged in dialogue with the Union and the government, but the disagreement remained unresolved until October 2023 when the parties reached a definitive agreement to end the strike. Per the agreement, the Company paid Peñasquito workers a fixed amount equivalent to approximately 60% of wages for the duration of the strike, and an additional bonus of two months’ wages to be paid out in the second quarter of 2024, given that the Peñasquito mine reported no profit in 2023 as a consequence of the strike. Additionally, as a part of a separate annual negotiation under the Collective Bargaining Agreement, the Company agreed to an annual salary increase of 8% effective as of August 1, 2023, which is in line with the Mexican mining industry wage increases for 2023. In October 2024, Newmont Peñasquito and the Union agreed on a new CBA for 2024-2026, reflecting the mutual commitment of all parties.

From June 2023 to October 2023, Minera Peñasquito suspended operations, which negatively impacted production and revenue. Any failure to successfully resolve future union complaints could result in additional work stoppages and/or other future disruptions in production and labor issues that could adversely affect our operations and financial performance and our ability to achieve expected results and guidance.

A deterioration in Mexico’s economy, social instability, political unrest, or other adverse social developments in Mexico could also adversely affect operating results at Peñasquito, as well as the safety and security of the site and workforce. For example, in recent years, Mexico has experienced a period of increasing criminal activity, primarily due to the activities of drug cartels and related

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criminal organizations, including in the State of Zacatecas. Any increase in the level of violence or a concentration of violence near or around the Peñasquito mine could have an adverse effect on operating results.

We may not be able to operate successfully if we are unable to recruit, hire, retain and develop key personnel and a qualified and diverse workforce. In addition, we are dependent upon our employees being able to perform their jobs in a safe and respectful work environment.

We depend upon the services of a number of key executives and management personnel. Our success is also dependent on the contributions of our highly skilled and experienced workforce. Our ability to achieve our operating goals depends upon our ability to recruit, hire, retain and develop qualified and diverse personnel to execute on our strategy. There continues to be competition over highly skilled personnel in our industry. If we lose key personnel, or one or more members of our senior management team and/or executive leadership team and we fail to develop adequate succession plans, or if we fail to hire, retain and develop qualified and diverse employees, our business, financial condition, results of operations and cash flows could be harmed. Additionally, efforts to retain, attract and develop key personnel may also result in additional expenses which could adversely impact our financial performance and profitability.

Our business is dependent upon our workforce being able to safely perform their jobs, including the potential for physical injuries or illness or fatality. If we experience periods where our employees are unable to perform their jobs for any reason, including as a result of illness (such as COVID-19), our operations could be adversely affected. See the risk factor under the heading “Our operations and business have in the past been affected by the COVID-19 pandemic, and may be materially and adversely impacted in the future by pandemics, epidemics and other health emergencies.”

In addition to physical safety, protecting the psychological safety of our employees is necessary to maintaining a safe, respectful and inclusive work environment. We are fundamentally committed to creating and maintaining a work environment in which employees are treated fairly, with dignity, decency, respect and in accordance with all applicable laws. We recognize that bullying, sexual misconduct and sexual harassment, and harassment based on other protected categories, including race, have been prevalent in every industry, including the mining industry. Features of the mining industry, such as being a historically hierarchical and male-dominated culture, create risk factors for harmful workplace behavior. While we do not tolerate discrimination and harassment of any kind (including but not limited to gender, sexual orientation, gender identity, gender expression, race, religion, national origin, ethnicity, age, or disability, among others), our policies and processes may not prevent or detect all potential harmful workplace behaviors. We occasionally identify or are apprised of information or allegations that certain employees, affiliates, agents or associated persons may have engaged in harmful behaviors and improper, inappropriate or unlawful conduct, including but not limited to bullying, discrimination and harassment. If the Company fails to maintain a safe, respectful and inclusive work environment, it could impact our ability to retain talent and maintain a diverse workforce and damage the Company’s reputation.

If the Company fails to maintain a safe environment that is free of harassment, discrimination or bullying, it could adversely impact employee engagement, performance and productivity, result in potential legal claims and/or damage the Company’s reputation, which could have a material adverse effect on our business, financial position and results of operations or adversely affect the Company’s market value. See also the risk factor under the heading "Damage to our reputation may result in decreased investor confidence, challenges in maintaining positive community relations and can pose additional obstacles to our ability to develop our projects, which may result in a material adverse impact on our business, financial position, results of operations and growth prospects.”

We rely on contractors to conduct a significant portion of our operations and construction projects.

A significant portion of our operations and construction projects are currently conducted in whole or in part by contractors. As a result, our operations are subject to a number of risks, some of which are outside our control, including:

•Negotiating agreements with contractors on acceptable terms;

•New legislation limiting or altering the ability to utilize contractors or outsourced resources;

•The inability to replace a contractor and its operating equipment in the event that either party terminates the agreement;

•Reduced control over those aspects of operations which are the responsibility of the contractor;

•Failure of a contractor to perform under its agreement;

•Interruption of operations or increased costs in the event that a contractor ceases its business due to insolvency or other unforeseen events;

•Failure of a contractor to comply with applicable legal and regulatory requirements, to the extent it is responsible for such compliance;

•Problems of a contractor with managing its workforce, labor unrest or other employment issues; and

•Liability to third parties as a result of the actions of our contractors.

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A failure of contractors to align employment practices with Newmont standards can also result in reactions from our employees and our workforce as they express solidarity with their counterparts in the field.

In addition, laws and regulations relating to the use of contractors may vary in the jurisdictions in which we operate, and changes in legal and regulatory restrictions may also impact our ability to utilize contractors and outsourcing services. For example, new mining industry regulations came into effect in Ghana, Africa, which require that the supply of specific products and services, and certain roles, be reserved for citizens, which may limit the pool of available contractors and service providers and restrict our ability to utilize certain contractors. Additionally, the Mexican government enacted labor and tax laws in April 2021, significantly restricting certain subcontracting and outsourcing of personnel, which has required the conversion of certain contractors to employee status and resulted in increased labor costs. Further changes in law and the occurrence of one or more of these risks could adversely affect our results of operations and financial position.

Legal Risks

Our business is subject to the U.S. Foreign Corrupt Practices Act, and other related anti-bribery laws and regulations. A breach or violation of these rules and regulations could lead to substantial sanctions and civil and criminal prosecution, as well as fines and penalties, litigation, loss of licenses or permits and other collateral consequences and reputational harm.

We operate in certain jurisdictions that have experienced governmental and private sector corruption to some degree, and, in certain circumstances, compliance with anti-bribery laws and heightened expectations of enforcement authorities may be in tension with certain local customs and practices. The U.S. Foreign Corrupt Practices Act and other laws with extraterritorial reach, including the U.K. Bribery Act, and anti-bribery laws in other jurisdictions in which we operate generally prohibit companies and their intermediaries from making improper payments for the purpose of obtaining or retaining business or other improper commercial advantage. We have a business integrity and compliance program which includes our Code of Conduct, Business Integrity Policy and other policies, standards, and procedures, all of which mandate compliance with these anti-bribery laws by the Company and its affiliates and their personnel, and also by third parties when they are engaged on our behalf. Our program also includes preventative and detective controls, and a well-publicized business integrity helpline for raising complaints (including the option for anonymity if the reporter so chooses), questions and concerns as well as processes for evaluating and investigating such concerns and assurances of non-retaliation for persons who raise concerns in good faith. We report regularly to the executive leadership team and the Audit Committee of our Board of Directors on such program components.

We could be held responsible if our internal controls, policies, and procedures fail to protect us from misinterpretation of, or noncompliance with, applicable anti-bribery laws, regulations and internal policies, recklessness, fraudulent behavior, dishonesty or other inappropriate acts committed by our affiliates, employees, agents, or associated persons for which we might be considered responsible. As such, our corporate internal controls policies and processes may not prevent or detect all potential breaches of law or other governance practices. In addition, and despite the fact that Newmont undertook significant pre and post-acquisition due diligence efforts, the compliance mechanisms and monitoring programs adopted and implemented by Newcrest prior to our acquisition of Newcrest in November 2023 may not have adequately prevented or detected all possible violations of the U.S. Foreign Corrupt Practices Act and/or other applicable anti-bribery laws and regulations attributable to Newcrest prior to Newmont's acquisition and we may be held liable for any such violations.

We occasionally identify or are apprised of information or allegations that certain employees, affiliates, agents or associated persons may have engaged in improper or unlawful conduct for which we might be held responsible. Our policy when receiving credible information or allegations is to conduct investigations and compliance reviews to evaluate that information, determine compliance with applicable anti-bribery laws and regulations and company policies and take such remedial steps as may be warranted, including the possibility of making a voluntary self-disclosure to the applicable authorities. Violations of these laws, or allegations of such violations, could lead to substantial investigation and remedial costs, sanctions and civil and criminal prosecution, as well as fines and penalties, litigation, loss of operating licenses or permits and other collateral consequences, and may damage the Company’s reputation, which could have a material adverse effect on our business, financial position and results of operations or cause the market value of our common shares to decline.

Our business is subject to U.S. export control laws, economic sanctions, and other international trade compliance regulations with extraterritorial reach. A breach or violation of these laws could lead to substantial sanctions, civil and criminal prosecution, fines, penalties, litigation, loss of licenses or permits, and other collateral consequences, including reputational harm.

Export control laws, economic sanctions and international trade compliance regulations are always changing. As such, we have established a trade compliance program that includes policies, standards, and procedures, designed to ensure compliance with these regulations. Our program includes preventive and detective controls, employee training, and a robust third-party screening and ongoing monitoring program. Despite these efforts, our internal controls, policies, and procedures may not detect or prevent all violations of trade compliance laws, and we could be held accountable for misconduct, errors, or failures by employees, affiliates, agents, or third-party partners. Additionally, in the context of our recent acquisition of Newcrest in November 2023, prior compliance mechanisms and monitoring efforts by Newcrest may not have adequately prevented or detected all violations of applicable trade compliance laws. We

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conduct investigations and evaluations in response to credible allegations of noncompliance, and may take remedial actions, including, where applicable, voluntary disclosures to authorities. Violations or allegations of trade compliance breaches could result in significant investigation costs, sanctions, litigation, loss of licenses, and reputational damage, which may materially impact our financial condition, operations, and the market value of our common shares.

Title to some of our properties may be insufficient, defective, or challenged.

The sufficiency or validity of the Company's Legal Title in and to its properties may be uncertain or subject to challenges by third parties, including governmental authorities, Indigenous or communal groups, or private entities. For example, at our Conga project in Peru, we continue to seek resolution to a land dispute with local residents. In Mexico, exploration and mining rights are granted through a mining concession, pertaining to the mineral estate, and do not confer rights of ownership, possession, use, or access in or to the corresponding surface estate. Surface rights must be acquired through purchase, lease, or easement from private parties, local communities, or governmental authorities. We enter into temporary occupation agreements ranging from five to thirty years with the Ejido communities, which allow us to use the surface of the lands for our mining operations, and at any particular time we may be involved in negotiations to enter into new temporary occupation agreements or other surface access agreements or amend existing agreements. Failure to reach new, or renewal of existing, agreements or disputes regarding these agreements may lead to, blockades, suspension of operations, project delays, and on occasion, may lead to legal disputes.

In addition, certain Australian and Canadian properties are owned by Indigenous peoples or are subject to certain inherent aboriginal rights, treaty rights, and/or asserted rights in and to their traditional territories, and our ability to acquire necessary rights to explore, develop, or mine these properties is dependent on agreements with them. Our ability to secure permits, licenses and/or agreements may be dependent on formal determinations of Indigenous or Native title rights issued by governmental authorities, the lack or delay of which may impede the Company’s ability to explore, develop, or mine. In Ghana, Peru, and Suriname, our Legal Title may be subject to challenge based on the presence and activities of artisanal miners or other trespassers due to adverse possession and/or the inability of the Company to satisfy its statutory, regulatory, or contractual obligations required to maintain, extend, or renew Legal Title in and to its land tenure. See risk factors under the headings “We may be unable to obtain or retain necessary permits and land or mining tenure, which could adversely affect our operations”, “Illegal mining and artisanal mining occurs on or adjacent to certain of our properties exposing such sites to security risks”, and “Civil disturbances and criminal activities can disrupt business and expose the Company to liability” above for further information. A determination of insufficient or defective Legal Title, or an adverse outcome from a challenge to our Legal Title, could result in loss, litigation, insurance claims, reputational damage, and the impairment, suspension, or cessation of exploration, development, or mining activities. Such outcomes could materially impact our operations, and result in significant financial losses that affect the Company's business as a whole.

Risks Related to Our Common Stock

The price of our common stock may be volatile, which may make it difficult for you to sell the common stock at the price you paid or at prices you find attractive.

As a publicly traded company with securities listed on the New York Stock Exchange ("NYSE"), the Toronto Stock Exchange ("TSX"), the Australian Securities Exchange ("ASX"), and the Papua New Guinea Stock Exchange ("PNGX") the market price and volume of our common stock may be subject to significant fluctuations due not only to general stock market conditions but also to a change in sentiment in the market regarding the performance of our operations, business prospects or liquidity. Among the factors that could affect the price of our common stock are: (i) changes in gold, and to a lesser extent, silver, copper, zinc or lead prices; (ii) operating and financial performance that vary from the guidance we provided to securities analysts and investors or the expectations of securities analysts and investors or changes in our outlook; (iii) developments in our business or in the mining sector generally; (iv) regulatory changes affecting our industry generally or our business and operations; (v) the operating and stock price performance of companies that investors consider to be comparable to us; (vi) announcements of strategic developments, acquisitions, dispositions and other material events by us or our competitors; (vii) our ability to integrate and operate the companies and the businesses that we acquire; (viii) the perception of the Company’s ESG performance and its ability to deliver on ESG commitments and expectations, including in connection with the Company's climate strategy; (ix) response to activism; and (x) changes in global financial markets and macroeconomic and geopolitical conditions, such as interest or foreign exchange rates, an escalation of sanctions, tariffs, or other trade tensions, stock, commodity, credit or asset valuations or volatility. The stock markets in general have experienced extreme volatility that has at times been unrelated to the operating performance of a particular company, and has in the past been impacted by the COVID-19 pandemic and global conflicts, and could in the future be impacted by geopolitical and other macroeconomic factors. These broad market fluctuations may adversely affect the trading price of our common stock. In addition, securities class action litigation is often brought against companies after periods of volatility in the market price of their securities, such as the securities class action filed in January 2025 asserting that statements we made in conjunction with our financial outlook from February 2024 to October 2024 were false or misleading, or failed to include material information (see Note 25 - Commitments and Contingencies of Notes to Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K for additional information regarding this class action law suit). We may in the future be the target of similar litigation which could result in substantial costs and divert management’s attention and resources.

Newmont CHESS depositary interest ("CDIs") are quoted and trade on the ASX in Australian dollars, whereas Newmont common stock is quoted and trade on NYSE in US dollars. While Newmont CDI holders cannot directly trade the underlying Newmont

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stock on the NYSE, they are entitled to transmute their Newmont CDIs into common stock. There is a risk that the liquidity in the market for Newmont CDIs reduces for a range of reasons including a reduction in the number of CDIs on issue due to the conversion of CDIs to Newmont common stock. Reduced liquidity in the market can impact the speed at which CDIs are able to be bought or sold and the price at which they trade. For a range of reasons, including liquidity, market sentiment and the AUD:USD exchange rate, there is potential CDIs may trade at a discount to our common stock trading on NYSE.

Newmont PETS depository interests (“PDIs”) on PNGX have similar risks to Newmont CDIs as set out above. In addition, as PNG is a developing country, PNGX is a stock exchange located in an emerging market set within a dynamic political landscape. As a result of this, the PNGX and its listing rules may be liable to review and overhaul. This recently occurred with the introduction of a new suite of PNGX Listing Rules which came into effect on July 3, 2023. As the PNGX currently has only 11 companies listed, these new PNGX Listing Rules are largely yet to be tested in practice and, as the PNGX has complete discretion over any application for listing, a risk of uncertainty arises as to their application, particularly in respect of PDIs, as changes to the PNGX Business Rules addressing PDI’s were not included in the recent suite of amendments.

In addition, it is possible that further changes to the PNGX Listing Rules or the PNGX Business Rules will be made in the future, either in respect of PDIs or more generally. Uncertainty created as a result of changing or untested PNGX Listing Rules or PNGX Business Rules may give rise to delays in actions sought to be taken by Newmont, by Newmont PDI holders, and any new compliance requirements may impact on the desirability of Newmont PDIs as a security.

The PNGX is a small market resulting in limited liquidity. Newmont does not know the extent to which investor interest will lead to the development of an active trading market for the Newmont PDIs or how liquid that market may become. There can be no guarantee that an active trading market for the Newmont PDIs will develop or that the price of the Newmont PDIs will increase. There may be relatively few potential buyers or sellers of the Newmont PDIs on the PNGX at any time. This may increase the volatility of the market price of the Newmont PDIs. It may also affect the prevailing market price at which stockholders are able to sell their Newmont PDIs. This may result in stockholders receiving a market price for their Newmont PDIs that is less than the price that the stockholder paid.

Holders of our common stock, CDIs and PDIs may not receive dividends.

Holders of our common stock (including those who hold Newmont CDIs and Newmont PDIs) are entitled to receive only such dividends as our Board of Directors may declare out of funds legally available for such payments. We are incorporated in Delaware and governed by the Delaware General Corporation Law. Delaware law allows a corporation to pay dividends only out of surplus, as determined under Delaware law or, if there is no surplus, out of net profits for the fiscal year in which the dividend was declared and for the preceding fiscal year. Under Delaware law, however, we cannot pay dividends out of net profits if, after we pay the dividend, our capital would be less than the capital represented by the outstanding stock of all classes having a preference upon the distribution of assets. Our ability to pay dividends 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 our Board of Directors. Although we have historically declared cash dividends on our common stock, we are not required to declare cash dividends on our common stock (and, by extension, Newmont CDIs and PDIs). An annualized dividend payout level has not been declared by the Board of Directors, and the declaration and payment of future dividends, including future quarterly dividends, remains at the discretion of the Board of Directors. Our dividend framework is non-binding, and our Board of Directors may modify the dividend framework or reduce, defer or eliminate our common stock dividend in the future. A reduction or suspension in our dividend payments could have a negative effect on the price of our common stock.

Compliance with exchange listing rules as a foreign exempt listing may differ from investor expectations.

Newmont is subject to the listing standards of the NYSE, as its primary stock exchange. In addition, it is subject to additional requirements and standards of its secondary listings on the ASX, TSX and PNGX. For example, as part of Newmont’s acquisition of Newcrest, Newmont was admitted to the Official List of ASX Limited as a foreign exempt listing. As a foreign exempt listing, Newmont is exempt from complying with substantially all of the ASX Listing Rules on the basis that Newmont must comply with the rules of its home exchange, the NYSE. ASX Listing Rules with regard to Foreign Exempt Listings which apply to Newmont include: (i) providing the ASX with copies of its public filings; (ii) continuing to comply with the NYSE Listing Rules; (iii) registering as a foreign company carrying on business in Australia under the Corporations Act; and (iv) complying with certain ASX Listing Rules concerning procedural and administrative matters, including lodging announcements, trading halt, suspension and removal. While a benefit of holding CDIs for Australian investors is that it enables trading of Newmont stock on the ASX (via a Newmont CDI), individual investors need to weigh this convenience with the risks inherent in trading CDIs on the ASX rather than the underlying stock on the NYSE, including the potential for delays in disclosure being released to the ASX and fluctuations in price due to trading in underlying Newmont common stock on the NYSE that occurs outside of the ASX trading hours (and which may be influenced by disclosures made outside of ASX trading hours). There may also be a commercial or other disadvantage to investors from the differing disclosure regimes and expectations, as between a stock with a primary listing on the ASX compared to a CDI that is underpinned by a stock with a primary listing on the NYSE. Accordingly, investors in Australia, Canada and PNG should be aware that under applicable listing rules, Newmont’s disclosure obligations as a foreign exempt listing will differ from those of companies with a primary or non-exempt listing on ASX, TSX or PNGX, including without limitation, in connection with certain filing and distribution requirements, financial presentation requirements, and reserve and resource declaration requirements.

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Risks Related to Assets Held for Sale and Divestitures

Assets held for sale may not ultimately be divested and we may not receive any or all deferred consideration.

Expectations regarding the planned divestment of assets held for sale are subject to risks and uncertainties. Based on a comprehensive review of the Company’s portfolio of assets, the Company announced a portfolio optimization program to divest six non-core assets and a development project in February 2024. While the Company concluded that these non-core assets and the development project met the accounting requirements to be presented as assets held for sale, there is a possibility that these assets may not be sold for more than one year from the date management committed to sell them, or that they may not be sold at all, due to events or circumstances beyond the Company's control. No assurances can be provided with respect to the satisfaction of closing conditions, including but not limited to entering into transition service agreements, the timing of closing of the transactions or receipt of contingent consideration in the future. While the Telfer/Havieron sale has closed, the terms of the agreement included deferred contingent cash consideration of up to $100. No assurance can be provided with respect to our receipt of such deferred consideration which may be payable to Newmont in cash through a gold price linked payment structure with a 50% price upside participation by Newmont in respect of gold produced from Havieron for five calendar years following the declaration of commercial production, subject to a hurdle gold price of $1,850/oz. The closing of the Akyem sale transaction remains pending as of the date of this report and is subject to the satisfaction of certain customary conditions precedent, including but not limited to, the purchaser obtaining certain filings, approvals, or registrations. Similarly, receipt of $900 in cash consideration for the Akyem sale transaction is subject to closing of the transaction, and an additional $100 in cash consideration may be paid after the earliest to occur of the ratification of the currently renewed Akyem East and West mining leases by the Parliament of Ghana, or the five-year anniversary of the closing date. Additionally, the Akyem sale includes an indemnification in which the Company will indemnify the buyer for losses up to $200 resulting from (i) non-ratification of the Akyem East and West mining leases by the Parliament of Ghana, for a five-year claim period; or (ii) government actions stopping operations within eight months of the transaction close. The purchase price payable at the closing is subject to adjustments for closing cash, working capital, inventory, finished goods inventory, and other customary purchase price adjustment items. The closing of the Musselwhite sale remains subject to no material adverse changes and completion of the pre-closing reorganization and key regulatory approvals, including the Canadian Competition Act. Similarly, receipt of $810 in cash consideration for the Musselwhite sale transaction is subject to closing of the transaction, and an additional $40 in cash consideration may be paid in two installments of $20 at the one- and two-year anniversary of the closing date, subject to certain hurdle gold price of $2,900/oz and $3,000/oz, respectively. The purchase price payable at the closing is subject to adjustments for working capital, finished goods inventory, and other customary purchase price adjustment items. The closing of the Éléonore sale remains subject to no material adverse change and no transaction-related litigation, the completion of the pre-closing reorganization, and regulatory approvals, including the Canadian Competition Act. Similarly, receipt of $795 in cash consideration for the Éléonore sale transaction is subject to closing of the transaction subject to adjustments for working capital, finished goods inventory, and other customary purchase price adjustment items. The closing of the CC&V sale remains subject to no material adverse change and no transaction-related litigation, the completion of the pre-closing reorganization, and regulatory approvals, including the Hart-Scott-Rodino Act review in the United States. Similarly, receipt of $100 in cash consideration for the CC&V sale transaction is subject to closing of the transaction, and an additional $175 in cash consideration may be paid in two equal installments upon certain regulatory approvals and finalization of remediation plans. Additionally, the CC&V sale includes an indemnification in which the Company will indemnify the buyer for 90% of closure costs over $500 with an opportunity to eliminate via a one-time payment. The purchase price payable at the closing is subject to adjustments for working capital, finished goods inventory, and other customary purchase price adjustment items. No assurances can be provided with respect to the timing of closing for these pending sales, receipt of contingent consideration payments in the future, or adjustments due to indemnification requirements or liabilities.

The Company’s asset divestitures place demands on the Company’s management and resources, the sale of divested assets may not occur as planned or at all, and the Company may not realize the anticipated benefits of such divestitures.

The divestiture process involves numerous risks, including significant costs and expenses such as transaction-related fees and potential tax liabilities. If we are unable to complete divestitures on favorable terms, or at all, our business, financial condition, and results of operations could be materially and adversely affected. The anticipated benefits of these divestitures, such as cost savings, and productivity improvements, depend on the efficient and effective transition of operations from Newmont to the asset purchasers. In addition, certain closing conditions rely on performance by the purchaser or third parties including government agencies. No assurances can be provided that the necessary government approvals will be obtained on acceptable terms, or at all, or that the other closing conditions will be satisfied in a timely manner or at all.

Divestitures require the transition of systems and personnel, which may involve anticipated and unanticipated liabilities, costs, and the loss of key employees. Additionally, the transition process could disrupt existing relationships with suppliers, employees, customers, and other stakeholders. Demands will be placed on our managerial, operational, and financial personnel and systems to close these transactions, transition the assets, and provide transition services which may potentially extend for up to a year post closing. In the period between signing and closing, we are required to maintain an as-is state until transition. The resources required by the Company to effect and support the transition depend on the requirements of the purchaser. For example, we may be required to enter into transitional support agreements with the purchasers of these assets, which may require that we provide services and support in areas such as IT, procurement, human resources and finance. The transition process will likely involve, amongst other items,

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transitioning contracts, licenses, software, and other physical assets, and assisting the purchasers in setting up system to be in a position to run the assets.

There can be no assurance that our systems, procedures, and controls will be adequate to support the transitional services and associated complexities. Challenges or delays in the successful transition of services could have an adverse effect on our operating results and financial condition. Certain closing conditions may require that the Company be liable for limited specific performance post-closing of the divested business or otherwise be exposed to greater-than-anticipated liabilities, including liabilities if a purchaser fails to honor its commitments. These factors may impact the value attributable to or derived from the divested business.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

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ITEM 1C. CYBERSECURITY

Risk Management and Strategy

We rely upon technology and information systems to support our mining and business operations globally. These systems may be susceptible to cybersecurity risks including, but not limited to, external attackers, malware, viruses, and unauthorized access to our IT systems. Cybersecurity and the secure adoption of emerging technologies, including artificial intelligence ("AI"), remain strategic priorities for Newmont. We continuously invest and develop our cybersecurity controls and processes to address these threats and reduce the risk of future breaches and cyber attacks. Risk associated with a cybersecurity incident, impacting our operations, has been integrated into our overall global risk management system and process. Our Board of Directors and management team oversee these risks as part of our enterprise risk management framework, ensuring alignment with our business objectives and regulatory obligations.

Foundationally, we seek to manage cyber risk through a structure of controls that includes cybersecurity standards, policies and cyber solutions that protect the availability, integrity, and confidentiality of our critical IT and mining systems. We monitor for emergent cyber threats and assess any actions required to reduce those risks. Our cybersecurity program is aligned to globally recognized security frameworks including the Mitre Att&ck Framework, NIST and ISO27001. We are currently certified compliant against ISO27001 and engage a certified audit firm to conduct annual control testing and reaffirm our certification. We further test our cybersecurity controls by engaging leading third-party cybersecurity service providers to perform external and internal penetration tests of critical business applications and mining system. Additionally, we review and tabletop test our incident response plan. We leverage continuous monitoring of our internet facing presence, as well as, known internet based criminal communities for mentions of Newmont, our executives, and employees. Our Security Operations Center ("SOC") continuously monitors for security events and threats, responding and escalating when appropriate. We also hold employee trainings on privacy and current cybersecurity topics, conduct phishing tests and generally seek to promote awareness of cybersecurity risk through communication and education of our employee population.

Newmont requires third parties that supply IT services, have access to Newmont systems, or manage Newmont data to adhere to established Newmont security policies. Additionally, Newmont requires that such third parties are required to provide detailed information on their established security controls via our third party risk assessment process. The third party risk assessment informs our contracting process. Specific certification may be required of critical third party IT service providers and partners. All third party workers are bound by our Acceptable Technology Use standard which governs appropriate IT systems access and usage.

Our operations rely on the secure processing, storage and transmission of confidential and other information in our computer systems and networks. Computer viruses, hackers, employee or vendor misconduct, and other external hazards could expose our information systems, and those of our vendors, to security breaches, cybersecurity incidents or other disruptions, any of which could materially and adversely affect our business. Cybersecurity incidents may also cause disruption to mining operations; critical financial or reporting systems impairment; breach or integrity loss of Newmont proprietary or confidential data; or external reputational damage.

The sophistication of cybersecurity threats, including through the use of AI, continues to increase, and the controls and preventative actions we take to reduce the risk of cybersecurity incidents and protect our systems, including the regular testing of our cybersecurity incident response plan, may become insufficient. In addition, new technology that could result in greater operational efficiency such as our use of AI, fleet electrification, and autonomous vehicles may further expose our operations and computer systems to the risk of cybersecurity incidents. Newmont did not identify any cybersecurity incidents during the year ended December 31, 2024 that have materially affected or are reasonably likely to materially affect Newmont's business strategy, results of operations, or financial condition.

Additional information about cybersecurity risks we face is discussed in Item 1A, Risk Factors of this report under the heading "We are dependent upon information technology and operational technology systems, which are subject to disruption, damage, failure or cybersecurity attacks and risks associated with implementation, upgrade, operation and integration" which should be read in conjunction with the information above.

Governance

As part of our overall risk management approach, we prioritize the identification and management of cybersecurity risk at several levels, including Board oversight, executive commitment and employee training. Our Audit Committee, comprised of independent directors from our Board, oversees the responsibilities relating to the operational (including information technology ("IT") risks and data security) risk affairs of the Company. Our Audit Committee is informed of such risks through quarterly reports from our cybersecurity leadership and it reports any material findings and recommendations to the full Board for consideration.

Our Cybersecurity team, comprised of seasoned IT and cybersecurity members, has decades of experience across multiple technical and compliance disciplines including cyber incident response, forensics, IT compliance, incident recovery, threat investigation and information technology. Our cybersecurity team includes several individuals who hold industry recognized certifications and advanced degrees in cybersecurity. Cybersecurity oversees the implementation and compliance of our information security standards, information technology compliance, and mitigation of information security related risks. The Chief Technology Officer and Chief Information Officer have direct oversight of the cybersecurity function. We also have management level committees, leaders, and a cybersecurity incident team who support our processes to assess and manage cybersecurity risk as follows:

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•The head of privacy, in conjunction with the cybersecurity leadership assists on identification and mitigation of privacy related risks across the enterprise. This combination brings together legal, compliance and other function leads as required.

•The Cybersecurity Disclosure Steering Committee, comprised of leadership from IT, cybersecurity, operations, risk, finance, legal and compliance across business segments, contributes to the assessment of cybersecurity breach, planned response, and required disclosures and filings.

•The Rapid Response Team, which includes senior executives across the Company and its global operations, is alerted as appropriate to cybersecurity incidents, natural disasters and business outages. The Rapid Response Team performs tabletop exercises on a yearly basis with inclusion across functions.

Each of these committees provides summary reports on their activities, which is then communicated as appropriate to the Audit Committee.

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ITEM 2. PROPERTIES (dollars in millions, except per share, per ounce and per pound amounts)

Newmont’s production, development, and exploration properties are described below. All key permits have either been obtained by Newmont or approval is expected to be received in the normal course of business. The Company maintains its corporate headquarters in Denver, Colorado, U.S. and has various regional offices. In addition, Newmont holds investment interests in Canada, Mexico, Chile, Argentina, and various other locations. Refer to Item 1A, Risk Factors, for risks related to our properties.

Operating Statistics, Proven and Probable Reserves, and Measured, Indicated and Inferred Resources contain tabular information that is presented in both metric and imperial as follows: (i) metric tonnage is utilized for all metals; (ii) gold and silver grades are presented in grams per tonne; (iii) copper, lead, zinc, molybdenum, and tungsten grades are presented in percentages; and (iv) metal content for gold and silver is presented in ounces while metal content for copper, lead, zinc, molybdenum, and tungsten is presented in pounds or tonnes. Refer to Operating Statistics, Proven and Probable Reserves, and Measured, Indicated and Inferred Resources below.

Production Properties

Newmont Production Properties_2024.jpg

Newmont’s properties described below are in the production stage and are operated by Newmont, unless otherwise noted. Production and other operating statistics are presented below in the Operating Statistics section for each site. At December 31, 2024, the Peñasquito, Boddington, Cadia, Lihir, and NGM properties are classified as material individual properties under Regulation S-K 1300 and additional details are provided for these properties accordingly.

Brucejack, Canada. (100% owned) Brucejack, located in western British Columbia, approximately 40 miles (65 kilometers) north of Stewart and 28 miles (45 kilometers) southwest of the Stewart-Cassiar Highway 37, is an underground operation. The Brucejack operation comprises four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The mining leases expire in 2045. Brucejack is a deformed, porphyry-related transitional to intermediate sulphidation epithermal high-grade gold-silver deposit. Gold is hosted in quartz-calcite vein stockworks, sheeted veins and veinlets and can also be associated with arsenian pyrite. Process facilities include a mill building containing process equipment, including a rock bin, SAG mill-ball mill circuit followed by conventional flotation, concentrate dewatering, concentrate load-out and tailings dewater operations, a water treatment plant, a paste backfill plant, and a metallurgical laboratory. The mining fleet includes a fleet of load-haul-dump vehicles, trucks for material loading and transport to surface, excavators, bolters, shotcrete sprayers, long-hole drills, and cable bolters. Brucejack’s gross property, plant and mine development at December 31, 2024 was $2,105. Brucejack reported 1.9 million ounces of gold reserves at December 31, 2024.

Red Chris, Canada. (70% owned) Red Chris is 70% owned by Newcrest Red Chris Mining Limited, a Newmont subsidiary, and 30% owned by Red Chris Development Company Ltd., an Imperial Metals subsidiary, and is accounted for under proportionate consolidation. Red Chris is located in northwest British Columbia, Canada, approximately 11 miles (18 kilometers) southeast of the Iskut village, 50 miles (80 kilometers) south of Dease Lake, and 7 miles (12 kilometers) east of the Stewart-Cassiar Highway 37. The Red Chris operation is comprised of five mining leases which cover 12,703 acres (5,141 hectares) and 199 mineral claims, encompassing an area of approximately 164,903 acres (66,734 hectares). The mining leases expire in 2042. Red Chris is a copper-gold open pit mining operation. Newmont is conducting a feasibility study on a potential underground block cave mine, and has commenced an exploration decline. Gold and copper porphyry-style mineralization consists of vein, disseminated and breccia sulfides. The main sulfide mineral

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assemblage is pyrite-chalcopyrite-bornite. Ore from the mine is fed to a primary crusher with crushed ore conveyed to a coarse ore stockpile. From there ore is reclaimed and fed to a conventional SAG mill–ball mill–pebble crushing comminution circuit which in turn feeds a flotation circuit. Flotation concentrate is dewatered and loaded into trucks for transportation off-site. The processing facilities are housed in a single process building. Additional to crushing and processing are waste rock storage facilities, a tailings storage facility, water treatment facilities, and waste treatment facilities. The available fleet consists of three face shovels, five drills, 22 trucks (dump and water trucks), three graders, one PC2000 excavator, five-non-production excavators, two mini excavators, ten loaders, and nine dozers. Red Chris’s gross property, plant and mine development at December 31, 2024 was $1,967. Red Chris reported 3.7 million ounces of gold reserves and 1.0 million tonnes of copper reserves at December 31, 2024.

Peñasquito, Mexico. (100% owned) Peñasquito is an open pit operation located in the northeast corner of Zacatecas State, approximately 125 miles (200 kilometers) northeast of the city of Zacatecas and is accessible by paved roads with a private airport close to the site. The property began production in 2009, with commercial production being achieved in 2010. Goldcorp, Inc. (“Goldcorp”) acquired its ownership in the mine in 2006 when it acquired Glamis. In 2019, Newmont acquired Goldcorp, obtaining full ownership interest in Peñasquito. Peñasquito consists of the Peñasco and Chile Colorado open pit mines. Peñasquito is comprised of 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). Surface rights in the vicinity of the Peñasco and Chile Colorado open pits are held by three ejidos: Ejido Cedros, Ejido Mazapil and Ejido Cerro Gordo. Peñasquito has signed land use agreements with each ejidos, valid through 2035 and 2036, and the relevant private owners.

In January 2011, Peñasquito entered into a 20-year power delivery agreement with a subsidiary of InterGen Servicios Mexico (now Saavi Energia) where Peñasquito agreed to purchase electrical power from a gas-fired electricity generating facility located near San Luis de la Paz, Guanajuato, Mexico. The agreement commenced in August 2015. Power is also supplied by the Mexican Electricity Federal Commission (Comision Federal de Electricidad) at its central power grid through the El Salero-Peñasquito powerline.

In August 2020, the Company and Cedros General Assembly ratified the definitive agreement that was reached on April 22, 2020 and resolved all outstanding disputes between Peñasquito and the San Juan de Cedros community (Cedros). In addition, easements have been granted in association with the La Pardita-Cedros Highway and the El Salero-Peñasquito powerline. All necessary permits have been granted.

In July 2007, Goldcorp and Wheaton Precious Metals Corp. (then Silver Wheaton Corp.) entered into a silver streaming agreement. The Company is obligated to sell 25% of silver production from the Peñasquito mine to Wheaton Precious Metals Corporation at the lesser of market price or a fixed contract price, subject to an annual inflation adjustment of up to 1.65%. Refer to Note 5 to the Consolidated Financial Statements for further information.

A 2% net smelter return royalty is owed to Royal Gold Inc. from both the Chile Colorado and Peñasco open pits of the Peñasquito mine. Since January 1, 2014, the Mexican Government levies a 7.5% mining royalty that is imposed on earnings before interest, taxes, depreciation, and amortization. There is also a 0.5% environmental erosion fee payable on precious metal production, based on revenues. In December 2016, the State of Zacatecas in Mexico approved new environmental taxes (“Ecological Taxes”) that became effective January 1, 2017. The Ecological Taxes are calculated based on a predetermined formula and the volume of carbon emissions, as well as other environmental variables, at Peñasquito. The Company's payment of the Ecological Taxes primarily relates to the volume of carbon emissions at Peñasquito from fixed and mobile sources.

The mineralization at Peñasquito contains gold, silver, lead and zinc. Deposits currently mined within the Peñasquito operations are considered to be examples of breccia pipes developed as a result of intrusion-related hydrothermal activity.

Process facilities include a sulfide processing plant, comprising two stages of flotation: lead and zinc. In the lead and zinc flotation, the slurry is conditioned with reagents to activate the desired minerals and produce lead and zinc concentrates. The flotation tailings go for final deposition in the tailings storage facility. The available mining fleet consists of five rope shovels, three hydraulic shovels, four loaders, and 81 haul trucks, each with a 312-tonne payload. The fleet is supported by blast hole production drills, as well as track dozers, rubber tire dozers, excavators, and graders. Peñasquito’s gross property, plant and mine development at December 31, 2024 was $5,625.

As of December 31, 2024 and 2023, Peñasquito reported 4.1 million and 4.6 million ounces of gold reserves, respectively, 253.3 million ounces and 312.6 million of silver reserves, respectively, 0.8 million and 0.9 million tonnes of lead reserves, respectively, and 1.7 million and 2.2 million tonnes of zinc reserves, respectively. These changes represent a decrease of approximately 11% in gold

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reserves, a decrease of approximately 19% in silver reserves, a decrease of approximately 11% in lead reserves, and a decrease of approximately 23% in zinc reserves in 2024 compared to 2023. The overall reduction in reserves is primarily due to depletion.

As of December 31, 2024 and 2023, Peñasquito reported 1.7 million and 1.5 million ounces of gold resources, respectively, 189.6 million ounces and 175.2 million of silver resources, respectively, 0.5 million and 0.6 million tonnes of lead resources, respectively, and 1.3 million and 1.3 million tonnes of zinc resources, respectively. These changes represent an increase of approximately 13% in gold resources, an increase of approximately 8% in silver resources, and a decrease of approximately 17% in lead resources, while zinc resources remained consistent in 2024 compared to 2023. The increase in gold resources is primarily due to net positive revisions.

Brownfield exploration and development for new reserves is ongoing.

Merian, Suriname. (75% owned) Merian is owned 75% by Newmont Suriname, LLC (“Newmont Suriname”) (formerly known as Suriname Gold Company LLC and 100% indirectly owned by Newmont Corporation) and 25% by Staatsolie Maatschappij Suriname N.V. (“Staatsolie,” a company wholly owned by the Republic of Suriname). Merian is located in Suriname, approximately 40 miles (66 kilometers) south of the town of Moengo and 19 miles (30 kilometers) north of the Nassau Mountains, close to the French Guiana border. The Merian operation is comprised of one Right of Exploitation encompassing an area of 41,687 acres (16,870 hectares) and four Rights of Exploration encompassing an area of 132,532 acres (53,634 hectares). All of the gold mineralization at Merian is closely associated with quartz veining within siltstone and sandstone formations. The operation currently includes the Merian 2 open pit, the Merian 1 open pit, the Maraba open pit, and the Kupari open pit. The available mining fleet consists of three shovels, three mining excavators, and 41 haul trucks, each with 150-tonne payload. Merian includes processing facilities that utilize a conventional gold mill, primary crusher and processing plant, consisting of a comminution plant, including gravity and cyanide leach processes, with recovery by carbon-in-leach, elution, electrowinning and induction furnace smelting to produce a gold doré product. Merian’s gross property, plant and mine development at December 31, 2024 was $1,355. Merian reported 4.1 million attributable ounces of gold reserves at December 31, 2024.

Brownfield exploration and development for new reserves is ongoing.

Cerro Negro, Argentina. (100% owned) Cerro Negro is located in southern Argentina about 250 miles (400 kilometers) southwest of the coastal city of Comodoro Rivadavia. The mineral tenure consists of ten mining property titles encompassing 53,246 acres (21,548 hectares), and three exploration licenses, encompassing 13,193 acres (5,339 hectares). We also own lands in the Cerro Negro mine area, totaling approximately 27,429 acres (11,100 hectares), which overlie the Bajo Negro and Vein Zone deposits and adjacent prospects. Cerro Negro consists of the Eureka, Mariana Central, Mariana Norte, Emilia, and San Marcos operating underground mines and the Baja Negro and Silica Cap underground mines, which are currently in development. Deposits within the Cerro Negro mine operations are low sulfidation, epithermal gold/silver vein deposits. Cerro Negro’s available underground mining fleet consists of nine underground loaders, 12 underground haul trucks, and six surface haul trucks, each with 30 to 40-tonne payloads and additional auxiliary equipment as required. The processing plant facilities consist of a crushing plant, a grinding circuit, agitated leaching, counter-current decantation, solution clarification, Merril Crowe zinc precipitation and smelting to produce gold and silver doré bars that are shipped to a refinery for further processing. Cerro Negro’s gross property, plant and mine development at December 31, 2024 was $2,302. Cerro Negro reported 3.2 million ounces of gold reserves at December 31, 2024.

Brownfield exploration and development for new reserves is ongoing, including the development of the Eastern district.

Yanacocha, Peru. (100% owned) Yanacocha is located approximately 375 miles (604 kilometers) north of Lima and 30 miles (48 kilometers) north of the city of Cajamarca. Yanacocha is comprised of 12 mining concessions encompassing 237,740 acres (96,210 hectares). Yanacocha is an epithermal type deposit of high sulfidation hosted in volcanic rock formations. Gold is associated with iron-oxides and pyrite, which is placed on leach pads. Yanacocha consists of the following open pit mines: the La Quinua Complex, the Yanacocha Complex, the Carachugo Complex, and Maqui Maqui. Yanacocha has four leach pads (La Quinua, Yanacocha, Carachugo and Maqui Maqui), with leaching operations at La Quinua and Carachugo. Yanacocha also has three gold processing plants (Pampa Larga, Yanacocha Norte and La Quinua), one limestone processing facility (China Linda) and one mill (Yanacocha Gold Mill). The La Quinua Complex mined material from the La Quinua Sur and the Tapado Oeste Layback and finished mining operations in 2021. The Yanacocha Complex mined material from the Yanacocha Layback and Yanacocha Pinos has had limited mining operations in recent years. The Maqui Maqui operations mined material from multiple mines that are no longer in operation. The Yanacocha Gold Mill ceased current operations in February 2021 and has been placed into care and maintenance. It will be repurposed for use as part of the Yanacocha Sulfides project. The Carachugo leach pad processes oxide material from Quecher Main. Yanacocha’s available mining fleet consists of two shovels, four excavators, and 25 haul trucks, each with 233-tonne payload. Yanacocha’s gross property, plant and mine development at December 31, 2024 was $5,886. Yanacocha reported 5.3 million ounces of gold reserves at December 31, 2024.

Pueblo Viejo, Dominican Republic. (40% owned) Pueblo Viejo is a joint venture with Barrick Gold Corporation ("Barrick"), where Barrick is the operator who holds the remaining 60% interest. We report our interest in Pueblo Viejo on an equity method basis. The Pueblo Viejo mine is an open pit conventional truck and shovel mining operation located approximately 60 miles (100 kilometers) northwest of Santo Domingo, Dominican Republic. The Pueblo Viejo mine is situated on the Montenegro Fiscal Reserve, an area specially designated by Presidential Decree for the leasing of minerals and mine development, which covers an area of approximately 19,756 acres (7,995 hectares) in aggregate. The Pueblo Viejo deposits are located in two major areas, the Monte Negro pit and the

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Moore pit, and consists of high sulfidation or acid sulfate epithermal gold, silver, copper and zinc mineralization. Process facilities include a conventional mill which consists of a crushing and grinding circuit, autoclaves, and a carbon-in-leach circuit. The plant expansion project is nearing completion and adds a new crusher, SAG mill, carbon-in-leach circuit and a flotation circuit. The tailings storage facility continues to advance. The plant expansion and tailings storage facility are designed to extend its life to 2040 and beyond. The available mining fleet consists of three shovels, five front loaders, 46 haul trucks, each with an average payload of 185 tonnes, and seven drills. The Company's attributable portion of Pueblo Viejo’s gross property, plant and mine development is $2,968 at December 31, 2024. We report our 40% interest in Pueblo Viejo on an equity method basis under U.S. GAAP and as a result our attributable portion of Pueblo Viejo's gross property, plant and mine development is included in the carrying value of our equity method investment at December 31, 2024. As of December 31, 2024, Pueblo Viejo reported 8.2 million ounces of attributable gold reserves and 48.9 million ounces of attributable silver reserves.

Boddington and Tanami, Australia. Newmont’s Boddington and Tanami operations in Australia take place on land that falls under the custodianship of Aboriginal people. Aboriginal land rights in Australia, which recognize the traditional rights and customs of Aboriginal people, are governed by the Commonwealth Native Title Act and certain other Acts specific to individual states and territories. The Commonwealth Native Title Act was enacted in 1993 following a decision in the High Court of Australia, which held that Aboriginal people, who have maintained a continuing connection with their land according to their traditional laws and customs, may hold certain rights which should be recognized under Australian common law. In the Northern Territory, where the Tanami operation is located, the Aboriginal Land Rights Act (“ALRA”) was introduced in 1976, which established an Aboriginal Land rights regime. Under the ALRA, approximately 50% of the land in the Northern Territory was granted as inalienable Aboriginal freehold titled land.

Newmont has existing agreements with the Traditional Owner groups of the land utilized by our Tanami and Boddington operations. Any future agreements would depend on a determination of native title, which is likely to take many years. If successful, a native title determination could give rights to compensation claims in the future. Throughout Australia, new exploratory and mining tenements may require native title agreements to be entered into and will be subject to a negotiation process, which often gives rise to compensation payments and heritage survey protocols. Newmont does not consider that native title claims or determined areas where rights have been established are an impediment to the operation of existing mines.

In Australia, various ad valorem royalties and taxes are paid to state and territorial governments, typically based on a percentage of gross revenues or earnings. Aboriginal groups have negotiated compensation/royalty payments as a condition to granting access to areas where native title rights are determined or where they own the land.

Boddington, Australia. (100% owned) Boddington is located 81 miles (130 kilometers) southeast of Perth in Western Australia and is accessible primarily by paved road. Boddington has been wholly owned since June 2009 when Newmont acquired the final 33.33% interest from AngloGold Ashanti Australia Limited. The Boddington project area comprises 52,045 acres (21,062 hectares) of mining tenure leased from the State of Western Australia, of which 26,910 acres (10,890 hectares) is subleased from the South 32 Worsley Joint Venturers ("Worsley JV"). The total project area is comprised of multiple leases that expire between 2025 and 2043. Royalties are paid to the state government at 2.5% for gold and 5% for copper based on revenue. Shipping and treatment and refining costs are allowable deductions from revenue for royalty calculations for copper. Newmont owns 74,354 acres (30,090 hectares) of rural freehold property, some of which overlaps existing mining tenure. The majority of its current operational area is located on its freehold property.

The subleases from the Worsley JV expire immediately prior to the expiry of the relevant mining leases. Newmont holds rights to renew the subleases. The mining leases are renewable upon application to the State of Western Australia by the Worsley JV. As these mining leases are in their third term, renewal of these mining leases is at the discretion of the State. The subleases do not confer an express right to require the Worsley JV to seek application to renew the mining leases. Newmont is entitled to all gold and other non-bauxite mineralization conferred by the mining leases. The Worsley JV retains the rights to bauxite mineralization. The relationship between the Worsley JV bauxite operations and the Boddington gold operations are regulated through a cross-operation agreement. This agreement confers priority on the bauxite operations such that the bauxite/alumina mining operations of the Worsley JV will take priority over the gold mining operations and Newmont is required to take reasonable measures to conserve bauxite including by mining and stockpiling bauxite on behalf of the Worsley JV.

Boddington consists of greenstone diorite hosted mineralization and exploration activities continue to develop the known reserve. The mine operates two pits (North and South Pits), utilizing two electric shovels, a diesel powered face shovel and two excavators as its prime ex-pit material movers with a fleet of 41 production autonomous haulage trucks. Boddington has a current capacity to mine approximately 175,000 to 225,000 tonnes of material per day. The milling plant includes a three-stage crushing facility

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(two primary crushers, six secondary crushers and four high-pressure grinding rolls), four ball mills, a flotation circuit and a carbon-in-leach circuit. The flotation circuit process recovers gold-copper concentrate before the material is then processed by a traditional carbon-in-leach circuit where the remaining gold is recovered to produce doré. Mining operations consist of two open pit operations located adjacent to each other.

Power for the operation is sourced through the local power grid under a long-term power purchase agreement with Bluewaters Power. The power supply contract with Bluewaters expires in 2026 and includes an option to extend.

Boddington’s gross property, plant and mine development at December 31, 2024 was $4,879.

As of December 31, 2024 and 2023, Boddington reported 10.8 million and 9.6 million ounces of gold reserves, respectively, and 0.5 million and 0.5 million tonnes of copper reserves, respectively. These changes represent an increase of approximately 13% in gold reserves, while copper reserves remained consistent in 2024 compared to 2023. The increase in gold reserves is primarily due to net positive technical revisions.

As of December 31, 2024 and 2023, Boddington reported 4.3 million and 4.7 million ounces of gold resources, respectively, and 0.3 million and 0.3 million tonnes of copper resources, respectively. The gold resources decreased approximately 9% and the copper resources remained consistent in 2024 compared to 2023. The decrease in gold resources is primarily due to conversion to reserves, partially offset by positive technical revisions.

Brownfield exploration and development for new reserves is ongoing.

Tanami, Australia. (100% owned) Tanami is located in the Northern Territory approximately 342 miles (550 kilometers) northwest of Alice Springs. The underground mining infrastructure and operation is located at Dead Bullock Soak (“DBS”). The processing infrastructure is located 25 miles (40 kilometers) to the east of the mining operations at the Granites. Ore is transported by road train from DBS underground to the processing facility at the Granites.

The Newmont Tanami Operations are comprised of exploration licenses encompassing a total area of 1,540,301 acres (623,338 hectares) including 556,545 acres (225,226 hectares) relating to the Tobruk and Monza Joint Ventures entered into with Prodigy Gold, and 44,333 acres (17,941 hectares) relating to a Joint Venture entered into with Top End Exploration Pty Ltd, for which Newmont is the operator, and 11,025 acres (4,462 hectares) of mineral leases granted pursuant to the Northern Territory Mineral Titles Act. Additionally, Newmont operates through exploration and mining agreements with the Central Land Council who represent Traditional Owners, the Warlpiri people.

Tanami consists of sediment hosted sheeted quartz vein mineralization. Tanami, as an underground mining operation, has a fleet of ten underground loaders, 22 haul trucks, each with 60 to 65-tonne payloads, and one ejector truck with a 45 tonne capacity. Processing plant facilities currently consist of a crushing plant, a grinding circuit, a gravity circuit, carbon in pulp tanks and a conventional tailings disposal facility. Tanami’s gross property, plant and mine development at December 31, 2024 was $3,401. Tanami reported 5.1 million ounces of gold reserves at December 31, 2024.

Brownfield exploration and development for new reserves is ongoing with the main focus being underground ore definition drilling of the Auron, Federation and Liberator ore bodies as well as exploration of the Oberon deposit.

Cadia, Australia. (100% owned) Cadia is located approximately 16 miles (25 kilometers) south-southwest of the town of Orange in New South Wales ("NSW") and is accessible primarily by paved roads and through the Orange airport located approximately 8 miles (13 kilometers) northeast of the Cadia Operations. The Cadia Operations consist of six granted mining leases and five granted exploration licenses through NSW encompassing a total area of 53,128 acres (21,500 hectares). Newmont predominantly owns all properties covered by the mining leases and a number of properties in the surrounding area. The main mining lease expires in October 2038 but can be renewed. Newcrest acquired the Cadia mine in 1991. Newmont obtained the 100% ownership of Cadia when Newmont acquired Newcrest in 2023. Cadia consists of the Cadia East, Cadia Hill, Cadia Extended, and Ridgeway deposits which consist of alkalic porphyry gold-copper style mineralization and the Big Cadia deposit which is a skarn-style occurrence.

The NSW government levies a royalty rate of 4% for gold, silver, copper, and molybdenum based on revenue. Treatment costs, depreciation, realization, and administration costs are allowable deductions from revenue for royalty calculations.

Cadia operates two adjacent concentrators, Concentrator 1 and Concentrator 2, currently treating ore from Cadia East mine. Both concentrators have undergone throughput upgrades, including operational improvements, over the years. Water supply at Cadia is sourced from the Cadiangullong Dam, Upper Rodds Creek Dam, Flyers Creek Weir, Cadia Creek Weir, Orange Sewage Treatment Plant

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treated effluent, on-site groundwater bores, Belubula River, and site runoff. Cadia sources all of its power from the National Electricity Market. Cadia is currently under an electricity supply agreement and holds a power purchase agreement.

Production mining is an underground panel cave mining from Cadia East with underground crushing and conveyor to surface. The processing plant infrastructure includes high pressure grinding rolls, SAG mills, ball mills, flotation, coarse ore flotation, gravity concentrator and a molybdenum plant to produce copper and gold concentrate, gold doré, and molybdenum concentrate. The available primary production fleet consists of 26 underground production loaders with an average 19 tonne payload. Cadia’s gross property, plant and mine development at December 31, 2024 was $5,735.

As of December 31, 2024 and 2023, Cadia reported 14.1 million and 14.7 million ounces of gold reserves, respectively, 3.1 million and 3.2 million tonnes of copper reserves, respectively, 22.8 million and 24.0 million ounces of silver reserves, respectively and 0.1 million and 0.1 million tonnes of molybdenum reserves, respectively. These changes represent a decrease of approximately 4% in gold reserves, a decrease of approximately 3% in copper reserves, a decrease of approximately 5% in silver reserves in 2024 compared to 2023. Molybdenum reserves remained consistent. The overall reduction in reserves is primarily due to depletion.

As of December 31, 2024 and 2023, Cadia reported 19.5 million and 20.6 million ounces of gold resources, 4.2 million and 4.7 million tonnes of copper resources, 34.0 million and 38.8 million ounces of silver resources, and 0.1 million and 0.1 million tonnes of molybdenum resources. These changes represent a decrease of approximately 5% in gold resources, a decrease of approximately 11% in copper resources, and a decrease of approximately 12% in silver resources in 2024 compared to 2023. Molybdenum resources remained consistent. The overall reduction in resources is primarily due to negative technical revisions.

Lihir, Papua New Guinea. (100% owned) Lihir is an open pit mine located near the town of Londolovit on Aniolam Island, approximately 560 miles (900 kilometers) northeast of Port Moresby, the national capital. Access to Aniolam Island is through the Kunaye airport located approximately 4 miles (7 kilometers) north of the mine. Newcrest acquired the Lihir mine in 2010. Newmont obtained the 100% ownership of Lihir when Newmont acquired Newcrest in 2023. The Lihir deposit is considered to be an example of an epithermal gold deposit. Lihir Island is part of a 155 mile (250-kilometers) long, northwest-trending, alkalic volcanic island chain that sits within an area where several micro-plates (Solomon Sea Plate, South Bismarck Plate and North Bismarck Plate) developed between the converging Australian and South Pacific plates. Lihir Island comprises two Plio–Pleistocene volcanic blocks, Londolovit Block and Wurtol Wedge and three Pleistocene volcanic edifices, Huniho, Kinami, and Luise.

Lihir consists of a granted Special Mining Lease, two granted Mining Leases, one granted Exploration License, five granted Leases for Mining Purposes, and three Mining Easements held in the name of Lihir Gold. The total area under license is approximately 63,506 acres (25,700 hectares). Lihir is situated on land held variously under customary, State of PNG, and private ownership, including under State of PNG lease. The bulk of the land that is or will be affected by development, operations and closure of the Lihir Operations is customary owned. Newmont has been granted rights to undertake mining and processing of gold and related activities, through negotiations with the state and local government, and landowners in the area. Environment Permits for water extraction and waste disposal are in place to support mining operations. The Londolovit River is the main source of water for the process plant and surrounding area.

A 2% royalty is payable to the State on the realized prices of all gold and silver bullion sold, less transport and refining costs. In addition, a production levy of 0.5% is also payable to the PNG Mineral Resource Authority on the gross income from the sale of the minerals (i.e., excluding the offsets of treatment and refining charges, payable terms and freight) and other income derived from or in connection with the mining operations.

Operations at Lihir are conducted using a fleet of nine hydraulic shovels and 49 haul trucks, with payload ranging from 90 to 131-tonnes. The process plant consists of crushing and grinding followed by bulk sulphide flotation, pressure oxidation, and recovery of gold from washed oxidized slurry using conventional cyanidation. For tailings management, Lihir utilizes deep-sea tailings placement in a suitable deep-ocean location. The plant has undergone a number of alterations and expansions since first commissioning in 1997. Lihir’s gross property, plant and mine development at December 31, 2024 was $3,874.

As of December 31, 2024 and 2023, Lihir reported 15.8 million and 17.5 million ounces of gold reserves, respectively. This change represents a decrease of approximately 10% in gold reserves in 2024 compared to 2023. The decrease in gold reserves is primarily due to depletion and negative technical revisions.

As of December 31, 2024 and 2023, Lihir reported 20.4 million and 20.2 million ounces of gold resources, respectively. The gold resources remained consistent in 2024 compared to 2023.

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Ahafo, Ghana. (100% owned) Our current Ahafo operation ("Ahafo South") is located near Kenyasi in the Ahafo Region of Ghana, approximately 180 miles (290 kilometers) northwest of the national capital city of Accra. The Ahafo South operations are comprised of three mining leases issued under the Ghanaian Mining Act encompassing a total area of approximately 137,000 acres (55,000 hectares) with current mine take area of approximately 13,200 acres (5,300 hectares) that has been fully compensated and approximately 10,700 acres (4,300 hectares) of mining area that has not been fully compensated (e.g. payment would be necessary to move people from their land). The mining leases grant the exclusive rights to work, develop and produce gold in the lease area, including the processing, storing and transportation of mineral and materials. The mining leases require Ahafo South to respect or perform certain financial and statutory reporting obligations and expire in 2031 and are renewable subject to certain conditions.

The Ahafo South mine is composed of three orogenic gold deposits that have oxide and primary mineralization. Gold occurs primarily in pyrite and secondarily as native gold in quartz veins. Ahafo South has two active open pits, Subika and Awonsu. Subika added an underground operation, which reached commercial production in November 2018, and Awonsu completed a layback in November 2019. The available mining fleet for surface mining consists of three shovels and 36 haul trucks, each with 141-tonne payload. The available mining fleet for underground mining consists of eight underground loaders and 14 haul trucks, with payload ranging from 55 to 57-tonnes. The daily production rate is approximately 88,000 tonnes. The original processing plant was commissioned in 2006. The Ahafo Mill Expansion, which was completed in October 2019, expanded the plant capacity to process approximately 11 million tonnes per year. The current processing plant consists of two crushing plants, two grinding circuits, carbon-in-leach circuits, elution circuit, counter current decantation circuit, a tailings disposal facility, and a reverse osmosis water treatment plant. Ahafo South’s gross property, plant and mine development at December 31, 2024 was $2,938. As of December 31, 2024 Ahafo South reported 4.6 million ounces of gold reserves.

Brownfield exploration and development for new reserves is ongoing.

NGM, Nevada, U.S. (38.5% owned) NGM is located in Elko, Nevada. On July 1, 2019, Newmont and Barrick consummated the Nevada JV Agreement, which combined the Company’s Nevada mining operations with Barrick’s Nevada mining operations resulting in the establishment of NGM, a joint venture with Barrick, who is the operator, and which is accounted for by the Company under proportionate consolidation. NGM operations are primarily accessible by paved road and are comprised of 180,921 acres (73,217 hectares) in aggregate including Cortez 53,999 acres (21,853 hectares), Carlin 58,255 acres (23,575 hectares), Turquoise Ridge 26,679 acres (10,797 hectares), Phoenix 17,900 acres (7,244 hectares), and Long Canyon 24,088 acres (9,748 hectares).

All sites at NGM contain open pit operations while Cortez, Carlin, and Turquoise Ridge also include underground operations. At Cortez, mineralization is sedimentary rock-hosted and consists of submicron to micrometer-sized gold particles and gold in solid solution in pyrite. Refractory ore is transported to Carlin for processing. Phoenix is a skarn-hosted polymetallic massive sulfide replacement deposit. The Phoenix mill produces a gravity gold concentrate and a copper/gold flotation concentrate and recovers additional gold from cyanide leaching of the flotation tails. Carlin, Turquoise Ridge, and Long Canyon are a sediment-hosted disseminated gold deposit. Additionally, at Long Canyon, oxide ore with suitable cyanide solubility is treated on a heap leach pad. Gold recovered from the leach pad is transferred as gold-bearing carbon to Carlin for refining and shipment.

In Nevada, mining taxes are assessed on up to 5% of net proceeds of a mine. During 2021, the Nevada legislature enacted a new excise tax which is assessed up to 1.1% of gross revenues.

NGM owns, or controls through leases, fee ownership, and unpatented mining claims, all of the minerals and surface area within the boundaries of the present Nevada mining operations. The long-term leases extend for at least the anticipated mine life of those deposits. With respect to a significant portion of the Gold Quarry mine at Carlin, NGM pays a net smelter royalty equivalent to 16.2% of the mineral production. NGM wholly-owns or controls the remainder of the Gold Quarry mineral rights, in some cases subject to additional royalties. With respect to certain smaller deposits in Nevada, NGM is obligated to pay royalties on production to third parties that vary from 1% to 8% of production.

Each site has its own process facilities which include: an oxide mill, which consists of a crushing and grinding circuit and carbon-in-leach circuit, and two heap leach pads at Cortez; an autoclave, two roasters, an oxide mill/flotation circuit and three heap leach pads at Carlin; the Sage autoclave, an oxide mill, and three heap leach pads at Turquoise Ridge; a flotation mill, a carbon-in-leach plant, a copper leach pad and a solvent extraction electrowinning (“SX/EW”) plant at Phoenix; and a heap leach pad at Long Canyon. NGM has a current capacity across all sites to mine approximately 267,000 tonnes of material per day. The milling facilities were commissioned over a range of years beginning in the 1990’s. They undergo routine maintenance each year with process improvements implemented as the projects are identified and approved. Power is either purchased in the open market or supplied by the power plants owned and operated by NGM.

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The NGM operations include, in aggregate, an open pit mining fleet consisting of 27 shovels and 142 haul trucks with an average payload of 272 tonnes, and an underground mining fleet consisting of 55 underground loaders and 87 haul trucks, with an average payload of 35 tonnes. Newmont’s share of NGM’s gross property, plant and mine development at December 31, 2024 was $8,894.

As of December 31, 2024 and 2023, NGM reported 17.9 million and 18.3 million attributable ounces of gold reserves, respectively, 0.1 million and 0.1 million tonnes of copper reserves, respectively, and 14.5 million and 14.2 million ounces of silver reserves, respectively. These changes represent a decrease of approximately 2% in gold reserves and an increase of approximately 2% in silver reserves, while copper reserves remained consistent in 2024 compared to 2023. The decrease in gold reserves is primarily due to mining depletion, partially offset by additions and positive net revisions.

As of December 31, 2024 and 2023, NGM reported 15.2 million and 17.3 million attributable ounces of gold resources, respectively, 0.2 million and 0.2 million attributable tonnes of copper resources, respectively, and 19.2 million and 19.9 million attributable ounces of silver resources, respectively. These changes represent a decrease of approximately 12% in gold resources and a decrease of approximately 4% in silver resources, while copper resources remained consistent in 2024 compared to 2023. The decrease in gold resources is primarily due to negative net revisions and conversion to reserves.

Brownfield exploration and development for new reserves is ongoing.

Held for Sale Properties

The following properties are classified as held for sale as of December 31, 2024. Refer to Note 3 to the Consolidated Financial Statements for further discussion.

Cripple Creek & Victor, U.S. (100% owned) CC&V, located next to the town of Victor and the city of Cripple Creek, Colorado, is an open pit operation. The CC&V operation comprises two state mineral leases, 108 subdivided city lots, 30 surface and mineral parcels, and 1,642 patented lode, millsite, and placer claims, and 13 unpatented federal load claims encompassing a total area of 13,757 acres (5,567 hectares). CC&V is an epithermal alkalic deposit with heap leaching facilities. The available mining fleet consists of two hydraulic shovels, two loaders, and 21 haul trucks, each with a 230-tonne payload. CC&V’s gross property, plant and mine development, included in Assets held for sale, at December 31, 2024 was $1,229. CC&V reported 2.4 million ounces of gold reserves at December 31, 2024.

Musselwhite, Canada. (100% owned) Musselwhite, located approximately 265 miles (430 kilometers) north of Thunder Bay, Ontario, is an underground operation. The Musselwhite operation comprises 940 mining claims and 338 mining leases, issued under the Ontario Mining Act, encompassing an area of 162,178 acres (65,631 hectares). The mining leases expire between 2025 and 2033. Musselwhite is an iron formation hosted gold deposit. Process facilities include a conventional mill, which consists of a crushing and grinding circuit, carbon-in-pulp and carbon-in-leach plants, elution circuits and an electrowinning plant where the gold is recovered and smelted to produce doré. The available mining fleet consists of 11 underground loaders and 14 haul trucks, each with a 45-tonne payload. Musselwhite’s gross property, plant and mine development, included in Assets held for sale, at December 31, 2024 was $1,374. Musselwhite reported 1.5 million ounces of gold reserves at December 31, 2024.

Porcupine, Canada. (100% owned) Porcupine consists of the Hollinger open pit, Pamour Open Pit, and Hoyle Pond underground operations, located in the city of Timmins, Ontario, as well as the Borden underground operation, located near the town of Chapleau, Ontario. The Porcupine operation is comprised of 705 mining claims, 528 mining patents, and 96 mining leases, issued under the Ontario Mining Act, encompassing an area of 99,015 acres (40,070 hectares). The Borden operations is comprised of 488 mining cell claims, 489 surface and mining patents, and 21 surface and mining leases encompassing an area of 255,615 acres (103,446 hectares). Mineralization at Hollinger and Hoyle, in Timmins, comprises multiple generations of quartz-carbonate-tourmaline albite veins, associated pyrite alteration envelopes, and disseminated pyrite mineralization. Mineralization at Pamour, in Timmins, is in three distinct types, TN veins (type I) occurs in the Timiskaming assemblage rocks, extension veins (type II) form in the Timiskaming sediments as sheeted quartz veins or stockwork stringers best developed in the conglomerates and forms the bulk type mineralization, narrow vein hosted by volcanic units (type III) that crosscut stratigraphy. Gold occurs one as free gold associated with narrow, quartz ankerite extension veins associated with traces of sphalerite, galena and locally arsenopyrite, and two as a disseminated pyrite-gold alteration halo around quartz veinlets and stockworks. Mineralization at Borden consists of a shear zone containing quartz-vein hosted sulfides within a high-grade metamorphic greenstone package. Process facilities, located in the city of Timmins, include a conventional mill, which consists of a crushing and grinding circuit, carbon-in-pulp and carbon-in-leach plants, Knelson concentrators, Acacia reactor, elution circuits and an electrowinning plant where the gold is recovered and smelted to produce doré. The available mining fleet consists of three hydraulic shovels, five surface loaders, 18 underground loaders, and 32 haul trucks, with payloads ranging from 30 to 137 tonnes. Porcupine’s gross property, plant and mine development, included in Assets held for sale, at December 31, 2024 was $2,045. Porcupine reported 2.3 million ounces of gold reserves at December 31, 2024.

Éléonore, Canada. (100% owned) Éléonore, located approximately 510 miles (825 kilometers) north of Montreal in Eeyou Istchee/James Bay in Northern Quebec, is an underground operation. The Éléonore operation is comprised of 368 mining claims and one mining lease, issued under the Quebec Mining Act, encompassing 48,210 acres (19,511 hectares). Éléonore is a clastic sediment-hosted stockwork-disseminated gold deposit. Process facilities include a conventional mill which consists of a crushing and grinding circuit, flotation circuit, carbon-in-pulp circuits and an electrowinning plant where the gold is recovered and smelted to produce doré.

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The available fleet consists of 13 underground loaders, and 10 haul trucks, each with 45 to 60-tonne payloads. Éléonore’s gross property, plant and mine development, included in Assets held for sale, at December 31, 2024 was $1,300. Éléonore reported 1.6 million ounces of gold reserves at December 31, 2024.

Akyem, Ghana. (100% owned) Akyem, located in Birim North District of the Eastern Region of Ghana, approximately 80 miles (125 kilometers) northwest of the national capital city of Accra, is an open pit mining operation comprised of two mining leases issued under the Ghanaian Mining Act, encompassing an area of approximately 16,000 acres (6,000 hectares). The Akyem mine is an orogenic gold deposit that has oxide and primary mineralization. Process facilities include a crushing plant, a SAG and ball milling circuit, carbon-in-leach circuit, elution circuit and bullion smelting facilities. The available mining fleet consists of four excavators made up of two front end shovels and two backhoe excavators and twenty-one 145-tonne payload haul trucks. Akyem’s gross property, plant and mine development at December 31, 2024 was $1,785. Akyem reported 0.9 million ounces of gold reserves at December 31, 2024.

Development and Exploration Properties

Newmont’s development and exploration stage properties are set forth below for which we have declared reserves and/or resources. As these are in the development and exploration stages, the properties have not reached commercial production and do not have processing plants or other available facilities, except as noted below for Ahafo North.

Property	Stage	Size and Location	Ownership Interest and Type	Operator	Mine Types and Mineralization Styles	Titles, Mineral Rights, Leases or Options
Galore Creek	Exploration	455,502 acres (184,335 hectares)<br><br>Located 230 miles northwest of Smithers in British Columbia, Canada.	50% owned.<br><br><br><br>Joint venture with Teck Resources Limited that is proportionately consolidated.	Jointly operated by Newmont and Teck Resources Limited.	Galore Creek is an open pit mine and is an alkali porphyry copper gold deposit.	Galore Creek consists of 390 mineral claims.
Noche Buena	Exploration	3,946 acres (1,597 hectares)<br><br>Located 35 miles northwest of Caborca, Sonora, Mexico, within the Peñasquito production property.	50% owned.<br><br><br><br>Joint venture with Minera Frisco.	Newmont	Noche Buena is an intermediate sulfidation/skarn deposit.	Noche Buena consists of 32 mining concessions included within the Peñasquito production property.
NuevaUnión	Development	414,262 acres (167,646 hectares)<br><br>Located in the Atacama Region of Chile.	50% owned.<br><br><br><br>Joint venture with Teck Resources Limited accounted for as an equity method investment.	Jointly operated by Newmont and Teck Resources Limited.	NuevaUnión is an open pit mine and is a porphyry copper gold deposit.	NuevaUnión consists of 546 exploitation licenses and 630 exploration licenses.

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Property	Stage	Size and Location	Ownership Interest and Type	Operator	Mine Types and Mineralization Styles	Titles, Mineral Rights, Leases or Options
Norte Abierto	Development	326,785 acres (132,245 hectares)<br><br>Located in the Atacama Region of Chile.	50% owned.<br><br><br><br>Joint venture with Barrick Gold Corporation accounted for as an equity method investment.	Jointly operated by Newmont and Barrick Gold Corporation.	Norte Abierto is an open pit mine and is a porphyry copper gold deposit with minor epithermal gold deposits.	Norte Abierto consists of 504 exploitation licenses, 174 exploration licenses, and 26 water rights.
Conga Project	Exploration	35,427 acres (14,337 hectares)<br><br>Located within the Cajamarca Region of Northern Peru.	100% owned	Newmont	Conga is made up of a cluster of porphyry gold-copper deposits, including the Chailhuagón and Perol open pits.	Conga consists of one mining concession, included within the Yanacocha production property, and 278 surface rights (5,900 hectares).
Namosi	Exploration	115,897 acres (46,902 hectares)<br><br>Located approximately 19 miles northwest of Suva on Viti Levu Island, Fiji.	73.24% owned.<br><br><br><br>Joint venture with Materials Investments (Fiji) Limited that is proportionately consolidated.	Newmont	Namosi is an open pit mine and is a porphyry copper gold deposit.	Namosi consists of one special prospecting license.
Wafi-Golpu	Development	31,862 acres (12,894 hectares)<br><br>Located approximately 40 miles from the city of Lae, Papua New Guinea.	50% owned.<br><br><br><br>Joint venture with Harmony Gold Mining Company Limited that is proportionately consolidated.	Jointly operated by Newmont and Harmony Gold Mining Company Limited	Wafi-Golpu contains three separate but genetically related deposits: (1) Nambonga, a mineralized copper-gold quartz vein array; (2) Wafi, a high sulphidation epithermal gold deposit; and (3) Golpu, a mineralized multiphase porphyry style copper-gold deposit.	Wafi-Golpu consists of two exploration licenses.<br><br>The State of PNG retains the right to purchase, at a pro rata share of accumulated exploration expenditure, up to 30% equity interest in any mineral discovery at Wafi-Golpu, at any time before the commencement of mining.
Ahafo North (1)	Development	93,354 acres (37,779 hectares)<br><br>Located approximately 31 miles north of Ahafo South and approximately 236 miles northwest of the capital city of Accra, Ghana.	100% owned	Newmont	Ahafo North is comprised of six open pits and is an orogenic gold deposit with both oxide and primary mineralization.	Ahafo North consists of three prospecting licenses and one mining lease.
Coffee (2)	Development	176,979 acres (71,621 hectares)<br><br><br><br>Located approximately 81 miles south of Dawson City in Yukon Territory, Canada.	100% owned	Newmont	Coffee is an open pit mine and is a mid-cretaceous structurally hosted and controlled, gold-only deposit hosted in Paleozoic metamorphic rocks and mid-Cretaceous plutonic rocks.	Coffee consists of 150 placer claims and 3,543 quartz claims.

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(1)At December 31, 2024, Ahafo North is classified as a development property. In July 2021, the Board of Directors approved full funding for the Ahafo North project, which is expected to commence commercial production in 2025. The available mining fleet at December 31, 2024 consists of three excavators, including two front-end shovels and one backhoe excavator, as well as sixteen 100-tonne payload haul trucks.

(2)Coffee is classified as held for sale as of December 31, 2024. Refer to Note 3 to the Consolidated Financial Statements for further discussion.

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Operating Statistics

The following tables detail operating statistics related to gold production, ounces sold, and production costs per ounce of our continuing operations:

		Mining and Production Detail (1)
Year Ended<br>December 31, 2024		Tonnes Mined				Tonnes Processed				Average Ore Grade (2)			Average Mill Recovery Rate		Ounces Produced					Ounces Sold
	Open Pit		Underground		Mill		Leach		Mill		Leach			Mill		Leach		Consolidated			Consolidated
Brucejack		—		1,083		1,073		—		7.811		—	96.8%		258		—		258			249
Red Chris		19,591		—		6,293		—		0.367		—	56.3%		40		—		40			39
Peñasquito		138,280		—		32,896		—		0.539		—	59.9%		299		—		299			290
Merian (3)		50,433		—		14,141		—		0.646		—	92.9%		274		—		274			274
Cerro Negro		—		837		836		—		9.379		—	94.2%		238		—		238			236
Yanacocha		54,836		—		—		23,265		—		0.396	—%		—		354		354			352
Boddington		68,208		—		34,936		—		0.623		—	85.2%		590		—		590			581
Tanami		—		2,416		2,359		—		5.442		—	98.5%		408		—		408			411
Cadia		—		30,742		29,824		—		0.626		—	79.6%		464		—		464			454
Lihir		34,515		—		10,885		—		2.334		—	74.8%		614		—		614			620
Ahafo		26,252		2,524		9,470		—		2.807		—	94.1%		798		—		798			798
NGM		82,300		2,642		11,140		3,859		3.296		0.205	82.3%		974		65		1,039			1,036
Held for sale (4)
CC&V		36,240		—		—		21,029		—		0.443	—%		—		146		146			144
Musselwhite		—		1,033		1,029		—		6.630		—	96.4%		212		—		212			215
Porcupine		1,423		902		2,938		—		3.224		—	92.9%		284		—		284			282
Éléonore		—		1,808		1,807		—		4.521		—	91.4%		240		—		240			243
Akyem		24,210		—		8,287		—		0.857		—	89.0%		204		—		204			212
Divested (5)
Telfer		25,568		639		3,665		—		0.770		—	89.9%		73		10		83			103
Total Gold (6)		561,856		44,626		171,579		48,153		1.292		0.401	84.7%		5,970		575		6,545			6,539

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(1)All amounts are reported in thousands unless otherwise noted.

(2)Average ore grade reported in grams/tonne.

(3)For the year ended December 31, 2024, Merian produced 205 attributable ounces, which reflects our 75% ownership interest. Total attributable ounces were 6,476 ounces.

(4)Sites are classified as held for sale as of December 31, 2024. Refer to Note 3 to the Consolidated Financial Statements for further information.

(5)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 to the Consolidated Financial Statements for further information.

(6)Total gold consolidated ounces produced excludes 235 attributable ounces related to Pueblo Viejo, which is 40% owned by Newmont, managed by Barrick, and accounted for as an equity method investment.

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	Production Costs per Ounce Sold (1)(2)
Year Ended<br>December 31, 2024	Direct Mining and Production Costs		By-Product Credits		Royalties and Production Taxes		Write-Downs and Inventory Change		Costs Applicable to Sales (3)(4)		Depreciation and Amortization		Reclamation and Remediation		Total Production Costs (5)		All-In Sustaining Costs per Ounce Sold (1)(2)(4)
Brucejack	$	1,317	$	(36)	$	32	$	(59)	$	1,254	$	691	$	19	$	1,964	$	1,603
Red Chris	$	1,257	$	(11)	$	35	$	(56)	$	1,225	$	367	$	43	$	1,635	$	1,607
Peñasquito	$	755	$	(5)	$	40	$	(14)	$	776	$	355	$	14	$	1,145	$	984
Merian	$	1,300	$	(1)	$	144	$	14	$	1,457	$	305	$	16	$	1,778	$	1,852
Cerro Negro	$	1,359	$	(120)	$	121	$	(35)	$	1,325	$	521	$	19	$	1,865	$	1,631
Yanacocha	$	968	$	(19)	$	72	$	(18)	$	1,003	$	279	$	21	$	1,303	$	1,196
Boddington	$	1,057	$	(24)	$	62	$	(39)	$	1,056	$	193	$	16	$	1,265	$	1,288
Tanami	$	900	$	(2)	$	60	$	(11)	$	947	$	300	$	5	$	1,252	$	1,281
Cadia	$	681	$	(103)	$	82	$	(7)	$	653	$	263	$	5	$	921	$	1,048
Lihir	$	1,575	$	(1)	$	59	$	(363)	$	1,270	$	270	$	19	$	1,559	$	1,512
Ahafo	$	644	$	(2)	$	199	$	63	$	904	$	270	$	9	$	1,183	$	1,072
NGM	$	1,208	$	(60)	$	74	$	(3)	$	1,219	$	413	$	12	$	1,644	$	1,605
Held for sale (6)
CC&V	$	1,568	$	(13)	$	135	$	(300)	$	1,390	$	90	$	76	$	1,556	$	1,691
Musselwhite	$	953	$	(3)	$	75	$	20	$	1,045	$	86	$	16	$	1,147	$	1,541
Porcupine	$	998	$	(6)	$	43	$	62	$	1,097	$	127	$	33	$	1,257	$	1,437
Éléonore	$	1,271	$	(2)	$	54	$	16	$	1,339	$	88	$	15	$	1,442	$	1,811
Akyem	$	1,105	$	(7)	$	297	$	201	$	1,596	$	271	$	65	$	1,932	$	1,816
Divested (7)
Telfer	$	3,443	$	(9)	$	63	$	(1,120)	$	2,377	$	142	$	110	$	2,629	$	2,993
Total Gold	$	1,110	$	(27)	$	94	$	(51)	$	1,126	$	304	$	19	$	1,449	$	1,516

____________________________

(1)Production costs and All-in sustaining costs are not comparable due to differences in the items included in each of the measures. All-in sustaining costs is a non-GAAP financial measure. Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.

(2)Per ounce measures may not recalculate due to rounding.

(3)Costs applicable to sales per ounce is calculated as the sum of Direct mining and production costs, By-product credits, Royalties and production taxes, and Write-downs and inventory change.

(4)Costs applicable to sales per ounce and All-in sustaining costs per ounce are non-GAAP financial measures. Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.

(5)Total production costs is calculated as the sum of Costs applicable to sales, Depreciation and amortization, and Reclamation and remediation.

(6)Sites are classified as held for sale as of December 31, 2024. Refer to Note 3 to the Consolidated Financial Statements for further information.

(7)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 to the Consolidated Financial Statements for further information.

Table of Contents

		Mining and Production Detail (1)
Year Ended<br>December 31, 2023		Tonnes Mined				Tonnes Processed				Average Ore Grade (2)			Average Mill Recovery Rate		Ounces Produced					Ounces Sold
	Open Pit		Underground		Mill		Leach		Mill		Leach			Mill		Leach		Consolidated			Consolidated
CC&V		38,555		—		—		25,566		—		0.452	—%		—		172		172			171
Musselwhite		—		1,027		1,028		—		5.701		—	95.7%		180		—		180			181
Porcupine		6,972		859		2,911		—		3.015		—	91.4%		260		—		260			258
Éléonore		—		1,656		1,661		—		4.785		—	91.0%		232		—		232			233
Brucejack (3)		—		167		166		—		5.685		—	96.0%		29		—		29			36
Red Chris (3)		3,769		—		1,139		—		0.276		—	54.2%		5		—		5			4
Peñasquito		96,099		—		20,850		—		0.429		—	57.0%		143		—		143			130
Merian (4)		41,031		—		14,403		—		0.758		—	91.3%		322		—		322			319
Cerro Negro		—		1,076		1,084		—		8.314		—	92.8%		269		—		269			261
Yanacocha		62,173		—		—		19,682		—		0.494	—%		—		276		276			275
Boddington		61,543		—		36,467		—		0.754		—	85.4%		745		—		745			749
Tanami		—		2,314		2,369		—		6.012		—	98.3%		448		—		448			444
Cadia (3)		—		4,366		5,229		—		0.722		—	81.5%		97		—		97			120
Telfer (3)		6,435		206		2,807		—		0.649		—	73.2%		43		—		43			67
Lihir (3)		6,395		—		2,061		—		2.567		—	76.5%		134		—		134			131
Ahafo		26,851		2,344		7,976		—		2.399		—	93.9%		581		—		581			578
Akyem		24,494		—		7,646		—		1.317		—	89.5%		295		—		295			296
NGM		100,728		2,490		11,426		10,853		3.487		0.398	82.5%		1,057		113		1,170			1,167
Total Gold (5)		475,045		16,505		119,223		56,101		1.463		0.456	86.7%		4,840		561		5,401			5,420

____________________________

(1)All amounts are reported in thousands unless otherwise noted.

(2)Average ore grade reported in grams/tonne.

(3)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information.

(4)For the year ended December 31, 2023, Merian produced 242 attributable ounces, which reflects our 75% ownership interest. Total attributable ounces were 5,321 ounces.

(5)Total gold consolidated ounces produced excludes 224 attributable ounces related to Pueblo Viejo, which is 40% owned by Newmont, managed by Barrick, and accounted for as an equity method investment.

Table of Contents

	Production Costs per Ounce Sold (1)(2)
Year Ended<br>December 31, 2023	Direct Mining and Production Costs		By-Product Credits		Royalties and Production Taxes		Write-Downs and Inventory Change		Costs Applicable to Sales (3)(4)		Depreciation and Amortization		Reclamation and Remediation		Total Production Costs (5)		All-In Sustaining Costs per Ounce Sold (1)(2)(4)
CC&V	$	1,327	$	(7)	$	121	$	(285)	$	1,156	$	136	$	59	$	1,351	$	1,644
Musselwhite	$	1,152	$	(2)	$	48	$	(12)	$	1,186	$	444	$	17	$	1,647	$	1,843
Porcupine	$	1,214	$	(4)	$	25	$	(68)	$	1,167	$	455	$	33	$	1,655	$	1,577
Éléonore	$	1,230	$	(2)	$	44	$	(9)	$	1,263	$	433	$	13	$	1,709	$	1,838
Brucejack (6)	$	1,484	$	(41)	$	30	$	425	$	1,898	$	617	$	—	$	2,515	$	2,646
Red Chris (6)	$	1,825	$	(1)	$	27	$	(946)	$	905	$	298	$	15	$	1,218	$	1,439
Peñasquito	$	1,296	$	(6)	$	33	$	(104)	$	1,219	$	516	$	28	$	1,763	$	1,590
Merian	$	1,080	$	(1)	$	117	$	11	$	1,207	$	256	$	9	$	1,472	$	1,541
Cerro Negro	$	1,261	$	(102)	$	93	$	5	$	1,257	$	524	$	14	$	1,795	$	1,509
Yanacocha	$	1,122	$	(16)	$	59	$	(96)	$	1,069	$	310	$	20	$	1,399	$	1,266
Boddington	$	822	$	(17)	$	49	$	(7)	$	847	$	144	$	12	$	1,003	$	1,067
Tanami	$	704	$	(2)	$	51	$	6	$	759	$	249	$	4	$	1,012	$	1,060
Cadia (6)	$	477	$	(59)	$	51	$	610	$	1,079	$	130	$	1	$	1,210	$	1,271
Telfer (6)	$	1,360	$	(9)	$	60	$	471	$	1,882	$	87	$	—	$	1,969	$	1,988
Lihir (6)	$	1,235	$	(2)	$	50	$	(166)	$	1,117	$	153	$	—	$	1,270	$	1,517
Ahafo	$	820	$	(1)	$	141	$	(13)	$	947	$	312	$	11	$	1,270	$	1,222
Akyem	$	826	$	(6)	$	115	$	(4)	$	931	$	413	$	40	$	1,384	$	1,210
NGM	$	1,037	$	(55)	$	68	$	20	$	1,070	$	387	$	9	$	1,466	$	1,397
Total Gold	$	999	$	(23)	$	74	$	—	$	1,050	$	327	$	15	$	1,392	$	1,444

____________________________

(1)Production Costs and All-in sustaining costs are not comparable due to differences in the items included in each of the measures. All-in sustaining costs is a non-GAAP financial measure. Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.

(2)Per ounce measures may not recalculate due to rounding.

(3)Costs applicable to sales per ounce is calculated as the sum of Direct mining and production costs, By-product credits, Royalties and production taxes, and Write-downs and inventory change.

(4)Costs applicable to sales per ounce and All-in sustaining costs per ounce are non-GAAP financial measures. Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.

(5)Total production costs is calculated as the sum of Costs applicable to sales, Depreciation and amortization, and Reclamation and remediation.

(6)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information.

Table of Contents

		Mining and Production Detail (1)
Year Ended<br>December 31, 2022		Tonnes Mined				Tonnes Processed				Average Ore Grade (2)			Average Mill Recovery Rate		Ounces Produced								Ounces Sold
	Open Pit		Underground		Mill		Leach		Mill		Leach			Mill		Leach		Consolidated		Attributable (3)		Consolidated
CC&V		32,632		—		64		18,814		1.568		0.428	38.2%		4		178		182		182		185
Musselwhite		—		1,043		1,042		—		5.404		—	95.7%		173		—		173		173		172
Porcupine		7,866		751		3,410		—		2.794		—	92.7%		280		—		280		280		280
Éléonore		—		1,537		1,535		—		4.740		—	91.6%		215		—		215		215		217
Peñasquito		178,890		—		35,928		—		0.702		—	75.2%		566		—		566		566		573
Merian		36,381		—		14,201		—		0.942		—	94.2%		403		—		403		302		403
Cerro Negro		—		946		930		—		9.840		—	93.6%		278		—		278		278		281
Yanacocha		60,939		—		—		20,600		—		0.453	—%		—		244		244		230		250
Boddington		59,270		—		37,240		—		0.801		—	84.7%		798		—		798		798		813
Tanami		—		2,643		2,590		—		5.941		—	98.0%		484		—		484		484		486
Ahafo		30,147		1,708		10,789		—		1.765		—	92.5%		574		—		574		574		572
Akyem		29,077		—		8,195		—		1.750		—	89.5%		420		—		420		420		415
NGM		103,158		2,521		13,655		8,178		3.205		0.467	74.9%		1,051		118		1,169		1,169		1,165
Total Gold (4)		538,360		11,149		129,579		47,592		1.487		0.446	85.5%		5,246		540		5,786		5,671		5,812

____________________________

(1)All amounts are reported in thousands unless otherwise noted.

(2)Average ore grade reported in grams/tonne.

(3)Attributable ounces produced for Merian reflects our 75% ownership interest. The Company recognized amounts attributable to noncontrolling interest for Yanacocha for attributable ounces produced during the periods prior to acquiring Buenaventura's 43.65% interest and Sumitomo Corporation's 5.0% interest in the first half of 2022. Refer to Note 1 to the Consolidated Financial Statement for further information.

(4)Total gold consolidated ounces produced excludes 285 attributable ounces related to Pueblo Viejo, which is 40% owned by Newmont, managed by Barrick, and accounted for as an equity method investment.

Table of Contents

	Production Costs per Ounce Sold (1)(2)
Year Ended<br>December 31, 2022	Direct Mining and Production Costs		By-Product Credits		Royalties and Production Taxes		Write-Downs and Inventory Change		Costs Applicable to Sales (3)(4)		Depreciation and Amortization		Reclamation and Remediation		Total Production Costs (5)		All-In Sustaining Costs per Ounce Sold (1)(2)(4)
CC&V	$	1,141	$	(9)	$	80	$	90	$	1,302	$	386	$	28	$	1,716	$	1,697
Musselwhite	$	1,109	$	(3)	$	35	$	(6)	$	1,135	$	464	$	13	$	1,612	$	1,531
Porcupine	$	1,012	$	(4)	$	31	$	(35)	$	1,004	$	369	$	8	$	1,381	$	1,248
Éléonore	$	1,183	$	(1)	$	40	$	6	$	1,228	$	531	$	7	$	1,766	$	1,599
Peñasquito	$	728	$	(5)	$	31	$	17	$	771	$	258	$	8	$	1,037	$	968
Merian	$	815	$	(1)	$	108	$	(7)	$	915	$	199	$	5	$	1,119	$	1,105
Cerro Negro	$	1,031	$	(106)	$	84	$	(2)	$	1,007	$	525	$	9	$	1,541	$	1,262
Yanacocha	$	1,170	$	(12)	$	56	$	40	$	1,254	$	380	$	24	$	1,658	$	1,477
Boddington	$	757	$	(12)	$	46	$	11	$	802	$	145	$	10	$	957	$	921
Tanami	$	647	$	(2)	$	45	$	(15)	$	675	$	207	$	3	$	885	$	960
Ahafo	$	809	$	(1)	$	114	$	68	$	990	$	292	$	7	$	1,289	$	1,178
Akyem	$	621	$	(3)	$	136	$	50	$	804	$	340	$	14	$	1,158	$	972
NGM	$	1,002	$	(49)	$	54	$	(18)	$	989	$	404	$	8	$	1,401	$	1,220
Total Gold	$	875	$	(19)	$	66	$	11	$	933	$	322	$	10	$	1,265	$	1,211

____________________________

(2)Per ounce measures may not recalculate due to rounding.

(3)Costs applicable to sales per ounce is calculated as the sum of Direct mining and production costs, By-product credits, Royalties and production taxes, and Write-downs and inventory change.

(4)Costs applicable to sales per ounce and All-in sustaining costs per ounce are non-GAAP financial measures. Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.

(5)Total production costs is calculated as the sum of Costs applicable to sales, Depreciation and amortization, and Reclamation and remediation.

Table of Contents

The following tables detail operating statistics related to co-product metal production and sales:

Year Ended December 31, 2024	Tonnes Milled<br><br>(000 tonnes)	Average Milled Grade	Average Mill Recovery Rate	Consolidated Pounds/Ounces Produced (millions)	Consolidated Pounds/Ounces Sold (millions)
Copper (pounds)
Red Chris	6,293	0.52%	83.4%	58	57
Boddington	34,936	0.14%	83.1%	83	83
Cadia	29,824	0.36%	84.5%	191	186
Telfer (4)	3,665	0.11%	73.8%	6	6
Total Copper	74,718	0.26%	83.7%	338	332
Silver (ounces) (1)	32,896	42.61	81.3%	33	33
Lead (pounds) (1)	32,896	0.41%	75.9%	212	213
Zinc (pounds) (1)	32,896	1.13%	83.0%	569	545	Year Ended December 31, 2023	Tonnes Milled<br><br>(000 tonnes)	Average Milled Grade	Average Mill Recovery Rate	Consolidated Pounds/Ounces Produced (millions)	Consolidated Pounds/Ounces Sold (millions)
---	---	---	---	---	---
Copper (pounds)
Red Chris (2)	1,139	0.40%	81.2%	8	7
Boddington	36,467	0.16%	84.2%	98	98
Cadia (2)	5,229	0.38%	85.3%	36	45
Telfer (2)	2,807	0.08%	59.3%	3	5
Total Copper	45,642	0.18%	83.6%	145	155
Silver (ounces) (1)	20,850	36.65	79.1%	18	17
Lead (pounds) (1)	20,850	0.37%	69.3%	113	107
Zinc (pounds) (1)	20,850	0.78%	78.5%	230	222	Year Ended December 31, 2022	Tonnes Milled<br><br>(000 tonnes)	Average Milled Grade	Average Mill Recovery Rate	Consolidated Pounds/Ounces Produced (millions)	Consolidated Pounds/Ounces Sold (millions)
---	---	---	---	---	---
Copper (pounds) (3)	37,240	0.14%	81.5%	84	85
Silver (ounces) (1)	35,928	32.27	86.8%	30	30
Lead (pounds) (1)	35,928	0.27%	74.7%	149	147
Zinc (pounds) (1)	35,928	0.70%	81.3%	377	373

____________________________

(1)For the years ended December 31, 2024, 2023 and 2022, all of our silver, lead, and zinc co-product production came from Peñasquito.

(2)Sites acquired through the Newcrest transaction in 2023. Refer to Note 3 to the Consolidated Financial Statements for further information.

(3)For the year ended December 31, 2022, all of our copper co-product production came from Boddington.

(4)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 to the Consolidated Financial Statements for further information.

The following tables detail operating statistics related to co-product metal production costs per gold equivalent ounce (“GEO”) sold. Gold equivalent ounces are calculated as pounds or ounces produced multiplied by the ratio of the other metals’ price to the gold price, using the metal prices in the table below:

	Gold		Copper		Silver		Lead		Zinc
	(ounce)		(pound)		(ounce)		(pound)		(pound)
2024 GEO Price	$	1,400	$	3.50	$	20.00	$	1.00	$	1.20
2023 GEO Price	$	1,400	$	3.50	$	20.00	$	1.00	$	1.20
2022 GEO Price	$	1,200	$	3.25	$	23.00	$	0.95	$	1.15

Table of Contents

Year Ended December 31, 2024	Red Chris		Peñasquito		Boddington		Cadia		Telfer (4)		Total / Weighted-Average
Consolidated GEO sold (thousands)	142		1,088		205		465		16		1,916
Production costs per GEO sold: (1)(3)
Costs applicable to sales (2)	$	1,209	$	831	$	994	$	603	$	2,398	$	834
Depreciation and amortization	366		343		189		263		161		307
Reclamation and remediation	37		15		16		5		106		15
Total production costs per GEO sold	$	1,612	$	1,189	$	1,199	$	871	$	2,665	$	1,156
All-in sustaining costs per GEO sold (1)(2)(3)	$	1,640	$	1,090	$	1,172	$	987	$	2,885	$	1,161	Year Ended December 31, 2023	Red Chris (5)	Peñasquito	Boddington	Cadia (5)	Telfer (5)	Total / Weighted-Average
---	---	---	---	---	---	---	---	---	---	---	---	---
Consolidated GEO sold (thousands)	16		507		246		114		13		896
Production costs per GEO sold: (1)(3)
Costs applicable to sales (2)	$	1,020	$	1,283	$	830	$	1,017	$	1,703	$	1,127
Depreciation and amortization	181		561		144		127		109		378
Reclamation and remediation	—		28		12		—		6		19
Total production costs per GEO sold	$	1,201	$	1,872	$	986	$	1,144	$	1,818	$	1,524
All-in sustaining costs per GEO sold (1)(2)(3)	$	1,660	$	1,756	$	1,067	$	1,342	$	2,580	$	1,579	Year Ended Year ended December 31, 2022	Peñasquito	Boddington	Total / Weighted-Average
---	---	---	---	---	---	---
Consolidated GEO sold (thousands)	1,044		231		1,275
Production costs per GEO sold: (1)(3)
Costs applicable to sales (2)	$	828	$	782	$	819
Depreciation and amortization	267		145		245
Reclamation and remediation	8		9		9
Total production costs per GEO sold	$	1,103	$	936	$	1,073
All-in sustaining costs per GEO sold (1)(2)(3)	$	1,112	$	894	$	1,114

____________________________

(2)Costs applicable to sales per GEO and All-in sustaining costs per GEO are non-GAAP financial measures. Refer to Non-GAAP Financial Measures within Part II, Item 7, MD&A.

(3)Per GEO measures may not recalculate due to rounding.

(4)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 to the Consolidated Financial Statements for further information.

(5)Sites acquired through the Newcrest transaction in 2023. Refer to Note 3 to the Consolidated Financial Statements for further information.

Proven and Probable Reserves

All of our reserves are located on land (i) we own or control, or (ii) that is owned or controlled by business entities established with our joint venture partners, in which the Company owns its pro-rata share of the capital stock, membership units, or interests. The risks that could affect title to our property are included above in Item 1A, Risk Factors.

A “mineral reserve” is an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is the economically mineable part of a measured or indicated mineral resource, which includes diluting materials and allowances for losses that may occur when the material is mined or extracted. The term “economically viable,” as used in the definition of reserve, means that the qualified person has analytically determined that extraction of the mineral reserve is economically viable under reasonable investment and market assumptions.

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The term “proven reserves” means the economically mineable part of a measured mineral resource and can only result from conversion of a measured mineral resource. The term “probable reserves” means reserves for which quantity and grade are computed from information similar to that used for proven reserves, but the sites for sampling are farther apart or are otherwise less closely spaced. The degree of assurance, although lower than that for proven reserves, is high enough to assume continuity between points of observation. Proven and probable reserves include gold, copper, silver, lead, zinc or molybdenum attributable to Newmont’s ownership or economic interest.

Proven and probable reserves are based on extensive drilling, sampling, mine modeling and metallurgical testing from which we determined economic feasibility. The reference point for mineral reserves is the point of delivery to the process plant. Metal price assumptions, adjusted for our exchange rate assumption, are based on considering such factors as market forecasts, industry consensus and management estimates. The price sensitivity of reserves depends upon several factors including grade, metallurgical recovery, operating cost, waste-to-ore ratio and ore type. Metallurgical recovery rates vary depending on the metallurgical properties of each deposit and the production process used. The reserve tables below list the average metallurgical recovery rate for each deposit, which takes into account the relevant processing methods. The cut-off grade, or lowest grade of mineralization considered economic to process, varies between deposits depending upon prevailing economic conditions, mineability of the deposit, by-products, amenability of the ore to gold, copper, silver, lead, zinc or molybdenum extraction and type of milling or leaching facilities available. Reserve estimates may have non-material differences in comparison to our joint venture partners due to differences in classification and rounding methodology.

The proven and probable reserve figures presented herein are estimates based on information available at the time of calculation. No assurance can be given that the indicated levels of recovery of gold, copper, silver, lead, zinc and molybdenum will be realized. Ounces of gold or silver or pounds of copper, lead, zinc or molybdenum included in the proven and probable reserves are those contained prior to losses during metallurgical treatment. Reserve estimates may require revision based on actual production. Market fluctuations in the price of gold, copper, silver, lead, zinc and molybdenum, as well as increased production costs or reduced metallurgical recovery rates, could render certain proven and probable reserves containing higher cost reserves uneconomic to exploit and might result in a reduction of reserves.

We had attributable proven and probable gold reserves of 134.1 million ounces at December 31, 2024. For 2024 and 2023, reserves were estimated at a gold price assumption of $1,700 and $1,400 per ounce, respectively, except as noted below. The increase in the reserves gold price assumption is based on the Company's assessment of multiple factors, including historical gold pricing trends, consensus price forecasts, and impacts of inflation. We estimate that our 2024 reserves would increase by 6% (7.4 million ounces), or decline by 6% (7.6 million ounces), if the gold price assumption increased or decreased $100 per ounce, respectively, with all other assumptions remaining constant.

We publish reserves annually, and will recalculate reserves at December 31, 2025, taking into account metal prices, changes, if any, to future production and capital costs, divestments and depletion as well as any acquisitions and additions during 2025.

The Company has internal controls for reviewing and documenting the information supporting the mineral reserve and mineral resource estimates, describing the methods used, and ensuring the validity of the estimates. Information that is utilized to compile mineral reserves and resources is prepared and certified by appropriately qualified persons at the mine site level and is subject to our internal review process which includes review by the Newmont-designated site and the Qualified Person (“QP”) based in our corporate office in Denver, Colorado. Additionally, all material sites are audited every three years and the non-material sites on a four-year cycle by subject matter experts for compliance to internal standards and guidelines as well as regulatory requirements. The QP presents the mineral reserve and mineral resource information to the Audit Committee and the Disclosure Committee on an annual basis for further review.

The following tables detail gold proven and probable reserves reflecting only those reserves attributable to Newmont’s ownership or economic interest at December 31, 2024 and 2023.

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Gold Reserves at December 31, 2024 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves			Metallurgical<br><br>Recovery (3)
Deposits/Districts	Newmont<br>Share	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)
Brucejack, Canada	100%	—	—	—	8,600	6.95	1,900	8,600	6.95	1,900	96%
Red Chris Open Pit	70%	—	—	—	14,700	0.39	100	14,700	0.39	100	52%
Red Chris Underground (4)	70%	—	—	—	171,700	0.64	3,500	171,700	0.64	3,500	70%
Total Red Chris, Canada	70%	—	—	—	186,400	0.62	3,700	186,400	0.62	3,700	69%
Peñasquito Open Pits	100%	93,900	0.58	1,700	130,800	0.48	2,000	224,700	0.52	3,800	62%
Peñasquito Stockpiles (5)	100%	4,700	0.60	100	27,300	0.21	200	32,000	0.26	300	37%
Total Peñasquito, Mexico (6)	100%	98,600	0.58	1,800	158,100	0.44	2,200	256,600	0.49	4,100	60%
Merian, Suriname	75%	23,400	1.26	900	87,300	1.14	3,200	110,700	1.16	4,100	93%
Cerro Negro, Argentina	100%	2,200	11.84	800	7,100	10.50	2,400	9,300	10.82	3,200	94%
Yanacocha Open Pit	100%	17,700	0.90	500	96,300	0.78	2,500	114,100	0.80	2,900	55%
Yanacocha Underground	100%	—	—	—	12,300	6.06	2,400	12,300	6.06	2,400	97%
Total Yanacocha, Peru (7)	100%	17,800	0.90	500	108,600	1.38	4,800	126,400	1.31	5,300	74%
Pueblo Viejo Open Pit	40%	32,200	2.27	2,300	49,500	2.04	3,300	81,700	2.13	5,600	88%
Pueblo Viejo Stockpiles (5)	40%	—	—	—	38,800	2.07	2,600	38,800	2.07	2,600	83%
Total Pueblo Viejo, Dominican Republic (8)(19)	40%	32,200	2.27	2,300	88,300	2.06	5,800	120,500	2.11	8,200	86%
NuevaUnión, Chile (9)(19)	50%	—	—	—	341,100	0.47	5,100	341,100	0.47	5,100	66%
Norte Abierto, Chile (10)(19)	50%	—	—	—	598,800	0.60	11,600	598,800	0.60	11,600	74%
Boddington Open Pit	100%	276,500	0.64	5,600	219,200	0.61	4,300	495,700	0.62	9,900	84%
Boddington Stockpiles (5)	100%	2,100	0.67	—	61,900	0.42	800	64,100	0.43	900	83%
Total Boddington, Australia (11)	100%	278,600	0.64	5,700	281,200	0.57	5,100	559,800	0.60	10,800	84%
Tanami, Australia	100%	10,100	5.25	1,700	19,800	5.28	3,400	29,900	5.27	5,100	98%
Cadia, Australia (12)	100%	—	—	—	1,051,800	0.42	14,100	1,051,800	0.42	14,100	81%
Lihir Open Pits	100%	—	—	—	125,900	2.86	11,600	125,900	2.86	11,600	77%
Lihir Stockpiles (5)	100%	—	—	—	77,100	1.68	4,200	77,100	1.68	4,200	77%
Total Lihir, Papua New<br><br>Guinea (13)	100%	—	—	—	203,000	2.41	15,800	203,000	2.41	15,800	77%
Wafi-Golpu, Papua New Guinea (14)(19)	50%	—	—	—	194,500	0.82	5,100	194,500	0.82	5,100	68%
Ahafo South Open Pit	100%	2,400	2.64	200	39,700	1.57	2,000	42,000	1.63	2,200	89%
Ahafo South Underground	100%	6,100	2.97	600	15,200	2.36	1,200	21,300	2.54	1,700	94%
Ahafo South Stockpiles (5)	100%	21,700	0.97	700	—	—	—	21,700	0.97	700	91%
Total Ahafo South, Ghana	100%	30,200	1.51	1,500	54,800	1.79	3,200	85,000	1.69	4,600	91%
Ahafo North, Ghana	100%	—	—	—	62,000	2.32	4,600	62,000	2.32	4,600	91%
NGM Open Pit (15)	38.5%	—	—	—	124,200	1.16	4,600	124,200	1.16	4,600	77%
NGM Stockpiles (5)(16)	38.5%	16,400	1.86	1,000	12,900	2.35	1,000	29,200	2.08	2,000	69%
NGM Underground (17)	38.5%	4,000	11.28	1,400	39,700	7.73	9,900	43,700	8.06	11,300	89%
Total NGM, United<br><br>States (18)(23)	38.5%	20,400	3.69	2,400	176,800	2.72	15,500	197,100	2.82	17,900	84%
Held for sale (20)
CC&V Open Pit	100%	87,000	0.43	1,200	28,600	0.43	400	115,600	0.43	1,600	58%
CC&V Leach Pads (21)	100%	—	—	—	34,600	0.73	800	34,600	0.73	800	55%
Total CC&V, United States	100%	87,000	0.43	1,200	63,200	0.60	1,200	150,200	0.50	2,400	57%
Musselwhite, Canada	100%	4,100	6.69	900	3,200	6.10	600	7,400	6.43	1,500	96%
Porcupine Underground	100%	1,600	5.09	300	2,700	7.27	600	4,400	6.45	900	89%
Porcupine Open Pit	100%	300	2.09	—	30,200	1.46	1,500	30,600	1.46	1,500	93%
Total Porcupine, Canada	100%	2,000	4.57	300	33,000	1.94	2,100	34,900	2.09	2,300	92%
Éléonore, Canada	100%	2,200	4.86	300	7,900	5.10	1,300	10,100	5.05	1,600	92%
Akyem Open Pit	100%	12,700	1.52	600	5,500	1.58	300	18,200	1.54	900	90%
Akyem Stockpiles (5)	100%	700	0.72	—	—	—	—	700	0.72	—	90%
Total Akyem, Ghana (22)	100%	13,500	1.48	600	5,500	1.58	300	19,000	1.50	900	90%
Total Gold		622,100	1.06	21,100	3,741,000	0.94	113,000	4,363,000	0.96	134,100	81%

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Gold Reserves at December 31, 2023 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves			Metallurgical<br><br>Recovery (3)
Deposits/Districts	Newmont<br>Share	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)
CC&V Open Pit	100%	38,800	0.42	500	7,800	0.35	100	46,600	0.40	600	58%
CC&V Leach Pads (21)	100%	—	—	—	28,300	0.74	700	28,300	0.74	700	56%
Total CC&V, United States	100%	38,800	0.42	500	36,100	0.66	800	75,000	0.53	1,300	57%
Musselwhite, Canada	100%	3,200	6.78	700	3,800	6.30	800	7,000	6.52	1,500	96%
Porcupine Underground	100%	1,400	7.06	300	1,600	8.34	400	3,000	7.75	700	94%
Porcupine Open Pit	100%	3,200	1.43	100	26,600	1.54	1,300	29,700	1.53	1,500	93%
Total Porcupine, Canada	100%	4,500	3.14	500	28,200	1.93	1,700	32,700	2.10	2,200	93%
Éléonore, Canada	100%	2,100	5.08	300	6,800	5.47	1,200	8,900	5.38	1,500	92%
Brucejack, Canada (24)	100%	—	—	—	11,500	8.44	3,100	11,500	8.44	3,100	96%
Red Chris Open Pit	70%	—	—	—	30,200	0.37	300	30,200	0.37	300	53%
Red Chris Underground	70%	—	—	—	171,700	0.64	3,500	171,700	0.64	3,500	70%
Total Red Chris, Canada (24)	70%	—	—	—	201,900	0.60	3,900	201,900	0.60	3,900	68%
Peñasquito Open Pits	100%	121,700	0.57	2,200	142,800	0.49	2,200	264,500	0.53	4,500	59%
Peñasquito Stockpiles (5)	100%	2,000	0.36	—	24,500	0.19	200	26,500	0.20	200	59%
Total Peñasquito, Mexico (23)	100%	123,700	0.57	2,200	167,300	0.44	2,400	291,000	0.50	4,600	59%
Merian, Suriname	75%	29,600	1.19	1,100	74,400	1.15	2,800	104,000	1.16	3,900	93%
Cerro Negro, Argentina	100%	1,900	11.81	700	7,300	10.75	2,500	9,200	10.97	3,200	94%
Yanacocha Open Pits	100%	21,700	0.80	600	107,000	0.75	2,600	128,600	0.76	3,200	56%
Yanacocha Underground	100%	—	—	—	12,300	6.06	2,400	12,300	6.06	2,400	97%
Total Yanacocha, Peru	100%	21,700	0.80	600	119,200	1.30	5,000	140,900	1.22	5,500	73%
Pueblo Viejo Open Pit	40%	25,800	2.28	1,900	50,800	2.08	3,400	76,600	2.15	5,300	82%
Pueblo Viejo Stockpiles (5)	40%	—	—	—	39,700	2.12	2,700	39,700	2.12	2,700	83%
Total Pueblo Viejo, Dominican Republic (8)(19)	40%	25,800	2.28	1,900	90,500	2.10	6,100	116,300	2.14	8,000	82%
NuevaUnión, Chile (9)(19)	50%	—	—	—	341,100	0.47	5,100	341,100	0.47	5,100	66%
Norte Abierto, Chile (10)(19)	50%	—	—	—	598,800	0.60	11,600	598,800	0.60	11,600	74%
Boddington Open Pit	100%	215,300	0.67	4,600	192,600	0.64	3,900	407,900	0.66	8,600	85%
Boddington Stockpiles (5)	100%	2,000	0.72	—	70,000	0.43	1,000	72,000	0.44	1,000	80%
Total Boddington, Australia	100%	217,300	0.67	4,700	262,600	0.58	4,900	479,900	0.62	9,600	84%
Tanami, Australia	100%	9,900	5.58	1,800	16,600	5.71	3,100	26,600	5.66	4,800	98%
Cadia, Australia (23)(24)	100%	—	—	—	1,102,300	0.42	14,700	1,102,300	0.42	14,700	81%
Lihir Open Pits	100%	—	—	—	159,900	2.76	14,200	159,900	2.76	14,200	78%
Lihir Stockpiles (5)	100%	—	—	—	57,200	1.83	3,400	57,200	1.83	3,400	78%
Total Lihir, Papua New<br><br>Guinea (23)(24)	100%	—	—	—	217,100	2.51	17,500	217,100	2.51	17,500	78%
Wafi-Golpu, Papua New Guinea (19)(24)	50%	—	—	—	194,500	0.82	5,100	194,500	0.82	5,100	68%
Ahafo South Open Pit	100%	5,200	2.76	500	35,500	1.68	1,900	40,700	1.82	2,400	90%
Ahafo South Underground	100%	8,300	3.13	800	14,300	2.35	1,100	22,600	2.64	1,900	94%
Ahafo South Stockpiles (5)	100%	23,400	1.01	800	—	—	—	23,400	1.01	800	91%
Total Ahafo South, Ghana	100%	36,900	1.73	2,100	49,800	1.88	3,000	86,700	1.82	5,100	92%
Ahafo North, Ghana	100%	26,000	2.38	2,000	27,100	2.43	2,100	53,100	2.41	4,100	91%
Akyem Open Pit	100%	13,000	1.52	600	5,900	1.61	300	19,000	1.55	900	90%
Akyem Stockpiles (5)	100%	6,700	0.78	200	—	—	—	6,700	0.78	200	90%
Total Akyem, Ghana	100%	19,700	1.27	800	5,900	1.61	300	25,600	1.35	1,100	90%
NGM Open Pit	38.5%	—	—	—	154,700	1.01	5,000	154,700	1.01	5,000	77%
NGM Stockpiles (5)	38.5%	15,100	2.01	1,000	14,000	2.44	1,100	29,100	2.22	2,100	69%
NGM Underground	38.5%	5,100	11.58	1,900	35,100	8.19	9,300	40,200	8.62	11,100	87%
Total NGM, United States (18)	38.5%	20,200	4.42	2,900	203,900	2.35	15,400	224,100	2.54	18,300	82%
Total Gold		581,400	1.22	22,800	3,766,800	0.94	113,200	4,348,100	0.97	135,900	80%

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(1)At December 31, 2024 and 2023, gold reserves at sites for which Newmont is the operator were estimated at a gold price of $1,700 and $1,400 per ounce, respectively, unless otherwise noted. Reserves provided by other operators may use pricing that differs. Amounts presented may not recalculate in total due to rounding.

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(2)Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to the nearest 100,000.

(3)Ounces are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated amount of metal to be recovered through metallurgical extraction processes. Ounces may not recalculate as they are rounded to the nearest 100,000.

(4)Gold reserves at December 31, 2024 were estimated at a gold price of $1,300 per ounce.

(5)Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves.

(6)The net smelter return value utilized in 2024 reserves not less than $14.10 per tonne.

(7)Gold reserves related to the undeveloped Yanacocha Sulfides project at December 31, 2024 were estimated at a gold price of $1,200 per ounce.

(8)The Pueblo Viejo mine, which is 40% owned by Newmont, is accounted for as an equity method investment. Gold reserves at December 31, 2024 were estimated at a gold price of $1,400 per ounce. Gold reserves at December 31, 2024 and 2023 were provided by Barrick, the operator of Pueblo Viejo.

(9)Project is currently undeveloped. Gold reserves at December 31, 2024 and 2023 were estimated at a gold price of $1,300 per ounce and were provided by the NuevaUnión joint venture.

(10)Project is currently undeveloped. Gold reserves at December 31, 2024 and 2023 were estimated at a gold price of $1,200 per ounce and were provided by the Norte Abierto joint venture.

(11)The net smelter return value utilized in 2024 reserves not less than $16.20 per tonne.

(12)The net smelter return value utilized in 2024 reserves not less than $21.70 per tonne.

(13)Cut-off grade utilized in 2024 reserves not less than 1.20 gram per tonne.

(14)Gold reserves at December 31, 2024 were estimated at a gold price of $1,200 per ounce.

(15)Cut-off grade utilized in 2024 reserves not less than 0.17 gram per tonne.

(16)Cut-off grade utilized in 2024 reserves not less than 0.42 gram per tonne.

(17)Cut-off grade utilized in 2024 reserves not less than 3.73 gram per tonne.

(18)Gold reserves at December 31, 2024 were estimated at a gold price of $1,400 per ounce. Gold reserves at December 31, 2024 and 2023 were provided by Barrick, the operator of the NGM joint venture.

(19)Currently included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.

(20)Sites are classified as held for sale as of December 31, 2024. Refer to Note 3 to the Consolidated Financial Statements for further discussion of our assets and liabilities held for sale.

(21)Leach pad material is the material on leach pads at the end of the year from which gold remains to be recovered. In-process reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves.

(22)Gold reserves at December 31, 2024 were estimated at a gold price of $1,400 per ounce.

(23)Amounts presented herein have been rounded to the nearest 100,000 for ounces and tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

(24)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. Gold reserves at sites acquired through the Newcrest transaction were estimated at a gold price of $1,300 per ounce at December 31, 2023, with the exception of Lihir, for which gold reserves were estimated using Newmont's price assumptions, and certain legacy estimates, which have applied older, more conservative price assumptions.

The following tables detail copper proven and probable reserves reflecting only those reserves attributable to Newmont’s ownership or economic interest at December 31, 2024 and 2023:

Copper Reserves at December 31, 2024 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves			Metallurgical<br><br>Recovery (3)
Deposits/Districts	Newmont<br>Share	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Cu %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Cu %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Cu %)	Tonnes (3)<br><br>(000)
Red Chris Open Pit	70%	—	—%	—	14,700	0.45%	—	14,700	0.45%	—	80%
Red Chris Underground (4)	70%	—	—%	—	171,700	0.52%	900	171,700	0.52%	900	84%
Total Red Chris, Canada	70%	—	—%	—	186,400	0.52%	1,000	186,400	0.52%	1,000	84%
Yanacocha, Peru (5)	100%	—	—%	—	111,100	0.63%	700	111,100	0.63%	700	83%
NuevaUnión, Chile (6)(13)	50%	—	—%	—	1,118,000	0.40%	4,400	1,118,000	0.40%	4,400	88%
Norte Abierto, Chile (7)(13)	50%	—	—%	—	598,800	0.22%	1,300	598,800	0.22%	1,300	87%
Boddington Open Pit	100%	276,500	0.09%	200	219,200	0.10%	200	495,700	0.09%	500	81%
Boddington Stockpiles (8)	100%	2,100	0.13%	—	61,900	0.09%	100	64,100	0.09%	100	79%
Total Boddington, Australia (9)	100%	278,600	0.09%	200	281,200	0.10%	300	559,800	0.09%	500	81%
Cadia, Australia (10)	100%	—	—%	—	1,051,800	0.29%	3,100	1,051,800	0.29%	3,100	87%
Wafi-Golpu, Papua New Guinea (11)(13)	50%	—	—%	—	194,500	1.20%	2,300	194,500	1.20%	2,300	95%
NGM, United States (12)(14)	38.5%	4,300	0.16%	—	71,000	0.18%	100	75,400	0.18%	100	66%
Total Copper		282,900	0.09%	200	3,612,900	0.37%	13,200	3,895,800	0.35%	13,500	88%

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Copper Reserves at December 31, 2023 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves			Metallurgical<br><br>Recovery (3)
Deposits/Districts	Newmont<br>Share	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Cu %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Cu %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Cu %)	Tonnes (3)<br><br>(000)
Red Chris Open Pit	70%	—	—%	—	30,200	0.43%	100	30,200	0.43%	100	80%
Red Chris Underground	70%	—	—%	—	171,700	0.52%	900	171,700	0.52%	900	84%
Total Red Chris, Canada (15)	70%	—	—%	—	201,900	0.51%	1,000	201,900	0.51%	1,000	84%
Yanacocha, Peru	100%	—	—%	—	111,100	0.63%	700	111,100	0.63%	700	83%
NuevaUnión, Chile (6)(13)	50%	—	—%	—	1,118,000	0.40%	4,400	1,118,000	0.40%	4,400	88%
Norte Abierto, Chile (7)(13)	50%	—	—%	—	598,800	0.22%	1,300	598,800	0.22%	1,300	87%
Boddington Open Pit	100%	215,300	0.09%	200	192,600	0.11%	200	407,900	0.10%	400	82%
Boddington Stockpiles (8)	100%	2,000	0.15%	—	70,000	0.09%	100	72,000	0.09%	100	73%
Total Boddington, Australia	100%	217,300	0.09%	200	262,600	0.10%	300	479,900	0.10%	500	80%
Cadia, Australia (14)(15)	100%	—	—%	—	1,102,300	0.29%	3,200	1,102,300	0.29%	3,200	86%
Wafi-Golpu, Papua New Guinea (13)(15)	50%	—	—%	—	194,500	1.20%	2,300	194,500	1.20%	2,300	95%
NGM, United States (12)	38.5%	3,700	0.16%	—	82,400	0.17%	100	86,100	0.17%	100	65%
Total Copper		221,000	0.09%	200	3,671,500	0.37%	13,500	3,892,500	0.35%	13,700	88%

____________________________

(1)At December 31, 2024 and 2023, copper reserves at sites for which Newmont is the operator were estimated at a copper price of $3.50 per pound, unless otherwise noted. Reserves provided by other operators may use pricing that differs. Amounts presented may not recalculate in total due to rounding.

(2)Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to nearest 100,000.

(3)Tonnes are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated amount of metal to be recovered through metallurgical extraction processes. Tonnes may not recalculate as they are rounded to the nearest 100,000.

(4)Copper reserves at December 31, 2024 were estimated at a copper price of $3.00 per pound.

(5)Copper reserve estimates relate to the undeveloped Yanacocha Sulfides project and at December 31, 2024 were estimated at a copper price of $2.75 per pound.

(6)Project is currently undeveloped. Copper reserves at December 31, 2024 and 2023 were estimated at a copper price of $3.00 per pound and were provided by the NuevaUnión joint venture.

(7)Project is currently undeveloped. Copper reserves at December 31, 2024 and 2023 were estimated at a copper price of $2.75 per pound and were provided by the Norte Abierto joint venture.

(8)Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpiles are reported separately where pounds exceed 100 million and are greater than 5% of the total site reported reserves.

(9)The net smelter return value utilized in 2024 reserves not less than $16.20 per tonne.

(10)The net smelter return value utilized in 2024 reserves not less than $21.70 per tonne.

(11)Copper reserves at December 31, 2024 were estimated at a copper price of $3.00 per pound.

(12)Copper cut-off grade varies with gold and silver credits. Copper reserves at December 31, 2024 were estimated at a copper price of $3.00 per ounce. Copper reserves at December 31, 2024 and 2023 were provided by Barrick, the operator of the NGM joint venture.

(13)Currently included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.

(14)Amounts presented herein have been rounded to the nearest 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

(15)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. Copper reserves at sites acquired through the Newcrest transaction were estimated at a copper price of $3.00 per pound at December 31, 2023, with the exception of certain legacy estimates, which have applied older, more conservative price assumptions.

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The following tables detail silver proven and probable reserves reflecting only those reserves attributable to Newmont’s ownership or economic interest at December 31, 2024 and 2023:

Silver Reserves at December 31, 2024 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves			Metallurgical<br><br>Recovery (3)
Deposits/Districts	Newmont<br>Share	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)
Brucejack, Canada	100%	—	—	—	8,600	34.36	9,500	8,600	34.36	9,500	83%
Peñasquito Open Pits	100%	93,900	34.68	104,700	130,800	28.52	119,900	224,700	31.09	224,600	83%
Peñasquito Stockpiles (4)	100%	4,700	25.38	3,800	27,300	28.32	24,800	32,000	27.89	28,700	73%
Total Peñasquito, Mexico (5)	100%	98,600	34.24	108,500	158,100	28.49	144,800	256,600	30.70	253,300	82%
Cerro Negro, Argentina	100%	2,200	89.85	6,400	7,100	65.87	15,000	9,300	71.58	21,400	75%
Yanacocha Open Pits and Underground	100%	—	—	—	93,400	19.89	59,800	93,400	19.89	59,800	54%
Yanacocha Stockpiles and Leach Pads (4)(6)	100%	—	—	—	78,900	9.33	23,600	78,900	9.33	23,600	13%
Total Yanacocha, Peru (7)	100%	—	—	—	172,300	15.05	83,400	172,300	15.05	83,400	43%
Pueblo Viejo Open Pits	40%	32,200	12.44	12,900	49,500	11.49	18,300	81,700	11.86	31,200	71%
Pueblo Viejo Stockpiles (4)	40%	—	—	—	38,800	14.22	17,700	38,800	14.22	17,700	71%
Total Pueblo Viejo, Dominican Republic (8)(13)	40%	32,200	12.44	12,900	88,300	12.69	36,000	120,500	12.62	48,900	71%
NuevaUnión, Chile (9)(13)	50%	—	—	—	1,118,000	1.31	47,200	1,118,000	1.31	47,200	66%
Norte Abierto, Chile (10)(13)	50%	—	—	—	598,800	1.52	29,300	598,800	1.52	29,300	74%
Cadia, Australia (11)	100%	—	—	—	1,051,800	0.67	22,800	1,051,800	0.67	22,800	68%
NGM Open Pit	38.5%	—	—	—	54,600	7.78	13,700	54,600	7.78	13,700	38%
NGM Stockpiles (4)	38.5%	3,200	7.87	800	—	—	—	3,200	7.87	800	38%
Total NGM, United<br><br>States (12)(14)	38.5%	3,200	7.87	800	54,600	7.78	13,700	57,900	7.78	14,500	38%
Total Silver		136,200	29.37	128,600	3,257,700	3.83	401,600	3,393,800	4.86	530,200	71%	Silver Reserves at December 31, 2023 (1)
---	---	---	---	---	---	---	---	---	---	---	---
		Proven Reserves			Probable Reserves			Proven and Probable Reserves			Metallurgical<br><br>Recovery (3)
Deposits/Districts	Newmont<br>Share	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)
Brucejack, Canada (15)	100%	—	—	—	11,500	34.71	12,800	11,500	34.71	12,800	85%
Peñasquito Open Pits	100%	121,700	37.98	148,600	142,800	30.31	139,200	264,500	33.84	287,800	80%
Peñasquito Stockpiles (4)	100%	2,000	33.97	2,200	24,500	28.79	22,700	26,500	29.18	24,900	80%
Total Peñasquito, Mexico (14)	100%	123,700	37.91	150,800	167,300	30.09	161,800	291,000	33.42	312,600	80%
Cerro Negro, Argentina	100%	1,900	85.48	5,200	7,300	69.23	16,300	9,200	72.58	21,500	75%
Yanacocha Open Pits and Underground	100%	—	—	—	93,400	19.89	59,800	93,400	19.89	59,800	54%
Yanacocha Stockpiles and Leach Pads (4)(6)	100%	—	—	—	86,000	9.07	25,100	86,000	9.07	25,100	13%
Total Yanacocha, Peru	100%	—	—	—	179,500	14.70	84,800	179,500	14.70	84,800	42%
Pueblo Viejo Open Pits	40%	25,800	13.15	10,900	50,800	12.31	20,100	76,600	12.59	31,000	74%
Pueblo Viejo Stockpiles (4)	40%	—	—	—	39,700	14.48	18,500	39,700	14.48	18,500	70%
Total Pueblo Viejo, Dominican Republic (8)	40%	25,800	13.15	10,900	90,500	13.26	38,600	116,300	13.24	49,500	73%
NuevaUnión, Chile (9)(13)	50%	—	—	—	1,118,000	1.31	47,200	1,118,000	1.31	47,200	66%
Norte Abierto, Chile (10)(13)	50%	—	—	—	598,800	1.52	29,300	598,800	1.52	29,300	74%
Cadia, Australia (14)(15)	100%	—	—	—	1,102,300	0.68	24,000	1,102,300	0.68	24,000	67%
NGM Open Pit	38.5%	—	—	—	60,800	6.93	13,600	60,800	6.93	13,600	38%
NGM Stockpiles (4)	38.5%	2,400	7.97	600	—	—	—	2,400	7.97	600	38%
Total NGM, United States (12)	38.5%	2,400	7.97	600	60,800	6.93	13,600	63,200	6.97	14,200	38%
Total Silver		153,900	33.87	167,600	3,335,900	4.00	428,400	3,489,800	5.31	596,000	70%

____________________________

(1)At December 31, 2024 and 2023, silver reserves at sites for which Newmont is the operator were estimated at a silver price of $20.00 per ounce, unless otherwise noted. Reserves provided by other operators may use pricing that differs. Amounts presented may not recalculate in total due to rounding.

(2)Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to nearest 100,000.

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(4)Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves.

(5)The net smelter return value utilized in 2024 reserves not less than $14.10 per tonne.

(6)Leach pad material is the material on leach pads at the end of the year from which silver remains to be recovered. In-process reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves.

(7)Silver reserves related to the undeveloped Yanacocha Sulfides project at December 31, 2024 were estimated at a silver price of $20.00 per ounce.

(8)The Pueblo Viejo mine, which is 40% owned by Newmont, is accounted for as an equity method investment. Silver reserves at December 31, 2024 were estimated at a gold price of $20.00 per ounce. Silver reserves at December 31, 2024 and 2023 were provided by Barrick, the operator of Pueblo Viejo.

(9)Project is currently undeveloped. Silver reserves at December 31, 2024 and 2023 were estimated at a silver price of $18.00 per ounce and were provided by the NuevaUnión joint venture.

(10)Project is currently undeveloped. Silver reserves at December 31, 2024 and 2023 were estimated at a silver price of $22.00 per ounce and were provided by the Norte Abierto joint venture.

(11)The net smelter return value utilized in 2024 reserves not less than $21.70 per tonne.

(12)Silver cut-off grade varies with gold and copper credits. Silver reserves at December 31, 2024 were estimated at a silver price of $24.00 per ounce. Silver reserves at December 31, 2024 and 2023 were provided by Barrick, the operator of the NGM joint venture.

(13)Currently included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.

(14)Amounts presented herein have been rounded to the nearest 100,000 for ounces and tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

(15)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. Silver reserves at sites acquired through the Newcrest transaction were estimated at a silver price of $18.00 per ounce at December 31, 2023.

The following tables detail lead proven and probable reserves reflecting only those reserves attributable to Newmont’s ownership or economic interest at December 31, 2024 and 2023:

Lead Reserves at December 31, 2024 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves			Metallurgical<br><br>Recovery (3)
Deposits/Districts	Newmont<br>Share	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Pb %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Pb %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Pb %)	Tonnes (3)<br><br>(000)
Peñasquito Open Pits,<br><br>Mexico (4)	100%	93,900	0.35%	300	130,800	0.27%	400	224,700	0.30%	700	75%
Peñasquito Stockpiles,<br><br>Mexico (4)(5)	100%	4,700	0.28%	—	27,300	0.37%	100	32,000	0.36%	100	68%
Total Lead		98,600	0.35%	300	158,100	0.29%	500	256,600	0.31%	800	74%	Lead Reserves at December 31, 2023 (1)
---	---	---	---	---	---	---	---	---	---	---	---
		Proven Reserves			Probable Reserves			Proven and Probable Reserves			Metallurgical<br><br>Recovery (3)
Deposits/Districts	Newmont<br>Share	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Pb %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Pb %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Pb %)	Tonnes (3)<br><br>(000)
Peñasquito Open Pits,<br><br>Mexico (6)	100%	121,700	0.37%	400	142,800	0.28%	400	264,500	0.32%	900	73%
Peñasquito Stockpiles,<br><br>Mexico (5)(6)	100%	2,000	0.32%	—	24,500	0.38%	100	26,500	0.37%	100	73%
Total Lead		123,700	0.37%	500	167,300	0.30%	500	291,000	0.33%	900	73%

____________________________

(1)At December 31, 2024 and 2023, lead reserves were estimated at a lead price of $0.90 and $1.00 per pound, respectively. Amounts presented may not recalculate in total due to rounding.

(2)Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to nearest 100,000.

(4)The net smelter return value utilized in 2024 reserves not less than $14.10 per tonne.

(5)Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where pounds exceed 100 million and are greater than 5% of the total site-reported reserves.

(6)Amounts presented herein have been rounded to the nearest 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

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The following tables detail zinc proven and probable reserves reflecting only those reserves attributable to Newmont’s ownership or economic interest at December 31, 2024 and 2023:

Zinc Reserves at December 31, 2024 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves			Metallurgical<br><br>Recovery (3)
Deposits/Districts	Newmont<br>Share	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Zn %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Zn %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Zn %)	Tonnes (3)<br><br>(000)
Peñasquito Open Pits,<br><br>Mexico (4)	100%	93,900	0.81%	800	130,800	0.60%	800	224,700	0.69%	1,500	83%
Peñasquito Stockpiles,<br><br>Mexico (4)(5)	100%	4,700	0.80%	—	27,300	0.54%	100	32,000	0.58%	200	75%
Total Zinc		98,600	0.81%	800	158,100	0.59%	900	256,600	0.68%	1,700	82%	Zinc Reserves at December 31, 2023 (1)
---	---	---	---	---	---	---	---	---	---	---	---
		Proven Reserves			Probable Reserves			Proven and Probable Reserves			Metallurgical<br><br>Recovery (3)
Deposits/Districts	Newmont<br>Share	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Zn %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Zn %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Zn %)	Tonnes (3)<br><br>(000)
Peñasquito Open Pits,<br><br>Mexico (6)	100%	121,700	0.95%	1,200	142,800	0.66%	900	264,500	0.79%	2,100	82%
Peñasquito Stockpiles,<br><br>Mexico (5)(6)	100%	2,000	0.66%	—	24,500	0.52%	100	26,500	0.53%	100	82%
Total Zinc		123,700	0.94%	1,200	167,300	0.63%	1,100	291,000	0.77%	2,200	82%

____________________________

(1)At December 31, 2024 and 2023, zinc reserves were estimated at a zinc price of $1.20 per pound. Amounts presented may not recalculate in total due to rounding.

(2)Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to nearest 100,000.

(4)The net smelter return value utilized in 2024 reserves not less than $14.10 per tonne.

(5)Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where pounds exceed 100 million and are greater than 5% of the total site-reported reserves.

The following tables detail molybdenum proven and probable reserves reflecting only those reserves attributable to Newmont’s ownership or economic interest at December 31, 2024 and 2023:

Molybdenum Reserves at December 31, 2024 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves			Metallurgical<br><br>Recovery (3)
Deposits/Districts	Newmont<br>Share	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Mo %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Mo %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Mo %)	Tonnes (3)<br><br>(000)
NuevaUnión, Chile (4)(5)	50%	—	—%	—	776,900	0.02%	100	776,900	0.02%	100	48%
Cadia, Australia (6)	100%	—	—%	—	1,040,600	0.01%	100	1,040,600	0.01%	100	67%
Total Molybdenum		—	—%	—	1,817,500	0.01%	200	1,817,500	0.01%	200	56%	Molybdenum Reserves at December 31, 2023 (1)
---	---	---	---	---	---	---	---	---	---	---	---
		Proven Reserves			Probable Reserves			Proven and Probable Reserves			Metallurgical<br><br>Recovery (3)
Deposits/Districts	Newmont<br>Share	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Mo %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Mo %)	Tonnes (3)<br><br>(000)	Tonnage (2)<br><br>(000 tonnes)	Grade<br>(Mo %)	Tonnes (3)<br><br>(000)
NuevaUnión, Chile (4)(5)	50%	—	—%	—	776,900	0.02%	100	776,900	0.02%	100	48%
Cadia, Australia (7)(8)	100%	—	—%	—	1,085,100	0.01%	100	1,085,100	0.01%	100	72%
Total Molybdenum		—	—%	—	1,862,000	0.01%	200	1,862,000	0.01%	200	55%

____________________________

(1)At December 31, 2024 and 2023, molybdenum reserves at sites for which Newmont is the operator were estimated at a molybdenum price of $13.00 and $8.00 per pound, respectively, unless otherwise noted. Amounts presented may not recalculate in total due to rounding.

(2)Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to nearest 100,000.

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(4)Project is currently undeveloped. Molybdenum reserves at December 31, 2024 and 2023 were estimated at a molybdenum price of $10.00 per pound and were provided by the NuevaUnión joint venture.

(5)Currently included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.

(6)The net smelter return value utilized in 2024 reserves not less than $21.70 per tonne.

(7)Amounts presented herein have been rounded to the nearest 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

(8)Site acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information.

Measured, Indicated, and Inferred Resources

All of our resources are located on land (i) we own or control, or (ii) that is owned or controlled by business entities established with our joint venture partners, in which the Company owns its pro-rata share of the capital stock, membership units, or interests. The risks that could affect title to our property are included above in Item 1A, Risk Factors.

The measured, indicated, and inferred resource figures presented herein are estimates based on information available at the time of calculation and are exclusive of reserves. A “mineral resource” is a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form, grade, or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. The reference point for mineral resources is in situ. Mineral resources are sub-divided, in order of increasing geological confidence, into inferred, indicated and measured categories. Ounces of gold and silver or pounds of copper, zinc, lead, molybdenum, and tungsten included in the measured, indicated and inferred resources are those contained prior to losses during metallurgical treatment. The terms "measured resource," "indicated resource," and "inferred resource" mean that part of a mineral resource for which quantity and grade or quality are estimated on the basis of geological evidence and sampling that is considered to be comprehensive, adequate, or limited, respectively.

Market fluctuations in the price of gold, silver, copper, zinc, lead, and molybdenum, as well as increased production costs or reduced metallurgical recovery rates, could change future estimates of resources. Metal price assumptions are based on approximately a ten to twenty-five percent premium over reserve prices.

Our exploration efforts are directed to the discovery of new resources and converting it into proven and probable reserves. We conduct brownfield exploration around our existing mines and greenfield exploration in other locations globally. Brownfield exploration can result in the discovery of additional deposits, which may receive the economic benefit of existing operating, processing and administrative infrastructures. In contrast, the discovery of mineralization through greenfield exploration efforts will require capital investment to build a stand-alone operation. Our Exploration expense was $266, $265, and $231 in 2024, 2023, and 2022, respectively.

We had attributable measured and indicated gold resources of 99.4 million ounces and attributable inferred gold resources of 70.6 million ounces at December 31, 2024. For 2024 and 2023, attributable measured, indicated, and inferred gold resources were estimated at a gold price assumption of $2,000 and $1,600 per ounce, respectively, except as noted below. The increase in the resources gold price assumption is based on the Company's assessment of multiple factors, including historical gold pricing trends, consensus price forecasts, and impacts of inflation. For 2023, gold resources for Telfer were estimated at a gold price assumption of $1,800 per ounce due to the short-term remaining mine life; in the fourth quarter of 2024, the Company sold the assets of the Telfer reportable segment.

The resource figures presented herein do not include that part of our resources that have been converted to Proven and Probable Reserves as shown above, as they are reported exclusive of reserves, and have been estimated based on information available at the time of calculation.

We publish measured, indicated, and inferred resources annually, and will recalculate them at December 31, 2025, taking into account metal prices, changes, if any, in future production and capital costs, divestments and conversion to reserves, as well as any acquisitions and additions during 2025.

The following tables detail measured, indicated, and inferred resources reflecting only those that are attributable to Newmont’s ownership or economic interest at December 31, 2024 and 2023.

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Gold Resources at December 31, 2024 (1)(2)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
Brucejack, Canada	100%	—	—	—	4,300	4.68	600	4,300	4.68	600	16,600	5.8	3,100	96%
Red Chris, Canada (4)	70%	—	—	—	335,100	0.34	3,700	335,100	0.34	3,700	62,100	0.3	700	55%
Galore Creek, Canada (5)(15)	50%	212,800	0.29	2,000	385,600	0.22	2,700	598,400	0.25	4,700	118,900	0.2	700	75%
Peñasquito, Mexico	100%	48,200	0.30	500	163,100	0.22	1,100	211,300	0.24	1,600	21,100	0.2	100	57%
Noche Buena, Mexico (15)	50%	—	—	—	19,900	0.37	200	19,900	0.37	200	1,600	0.2	—	50%
Merian, Suriname	75%	5,800	1.03	200	58,600	1.08	2,000	64,500	1.08	2,200	70,000	0.9	2,000	90%
Cerro Negro, Argentina	100%	1,300	3.77	200	1,900	5.65	300	3,200	4.88	500	7,600	4.8	1,200	94%
Conga, Peru (6)(15)	100%	—	—	—	693,800	0.65	14,600	693,800	0.65	14,600	230,500	0.4	2,900	75%
Yanacocha Open Pit	100%	16,600	0.41	200	109,200	0.40	1,400	125,700	0.40	1,600	287,200	0.6	5,100	66%
Yanacocha Underground	100%	500	4.07	100	6,200	4.70	900	6,700	4.65	1,000	3,400	5.0	500	97%
Total Yanacocha, Peru (7)	100%	17,100	0.52	300	115,400	0.63	2,300	132,500	0.62	2,600	290,700	0.6	5,600	72%
Pueblo Viejo, Dominican Republic (8)(15)	40%	8,200	1.39	400	38,200	1.44	1,800	46,400	1.43	2,100	5,000	1.6	300	88%
NuevaUnión, Chile (9)(15)	50%	4,800	0.47	100	118,300	0.59	2,300	123,100	0.59	2,300	239,800	0.4	3,100	68%
Norte Abierto, Chile (10)(15)	50%	77,200	0.61	1,500	596,900	0.49	9,300	674,200	0.50	10,800	369,600	0.4	4,400	76%
Boddington, Australia	100%	90,600	0.55	1,600	154,100	0.53	2,600	244,700	0.54	4,200	3,500	0.6	100	84%
Tanami Open Pit	100%	9,700	1.65	500	26,500	1.45	1,200	36,200	1.50	1,700	5,300	1.1	200	90%
Tanami Underground	100%	2,800	3.22	300	6,600	3.80	800	9,300	3.63	1,100	17,200	4.4	2,400	97%
Total Tanami, Australia	100%	12,500	1.99	800	33,000	1.92	2,000	45,500	1.94	2,800	22,500	3.6	2,600	94%
Cadia Underground	100%	—	—	—	1,245,100	0.36	14,200	1,245,100	0.36	14,200	549,400	0.3	4,800	81%
Cadia Stockpiles and Open Pit	100%	30,800	0.30	300	—	—	—	30,800	0.30	300	11,000	0.7	200	65%
Total Cadia, Australia	100%	30,800	0.30	300	1,245,100	0.36	14,200	1,275,900	0.35	14,500	560,400	0.3	5,000	81%
Namosi, Fiji (11)(15)	73.24%	—	—	—	105,500	0.22	700	105,500	0.22	700	1,346,900	0.1	4,300	72%
Lihir Open Pit	100%	—	—	—	43,600	1.97	2,800	43,600	1.97	2,800	227,400	2.4	17,600	75%
Lihir Stockpiles	100%	—	—	—	1,000	2.11	100	1,000	2.11	100	—	—	—	75%
Total Lihir, Papua New Guinea	100%	—	—	—	44,600	1.97	2,800	44,600	1.97	2,800	227,400	2.4	17,600	75%
Wafi-Golpu Open Pit (12)	50%	—	—	—	53,600	1.66	2,900	53,600	1.66	2,900	15,500	1.3	600	65%
Wafi-Golpu Underground (13)	50%	—	—	—	140,800	0.45	2,000	140,800	0.45	2,000	91,900	0.6	1,900	68%
Total Wafi-Golpu, Papua New Guinea (15)	50%	—	—	—	194,500	0.78	4,900	194,500	0.78	4,900	107,300	0.7	2,600	67%
Ahafo South Open Pit	100%	3,900	1.13	100	6,500	0.83	200	10,400	0.95	300	3,500	1.2	100	85%
Ahafo South Underground	100%	700	3.85	100	27,100	3.96	3,400	27,800	3.95	3,500	11,500	3.1	1,200	91%
Total Ahafo South, Ghana	100%	4,700	1.56	200	33,500	3.35	3,600	38,200	3.13	3,800	15,000	2.7	1,300	91%
Ahafo North Open Pit, Ghana	100%	6,900	1.41	300	28,300	1.78	1,600	35,200	1.71	1,900	13,700	1.6	700	90%
NGM Open Pits and Stockpiles	38.5%	3,700	1.23	100	158,500	0.74	3,800	162,200	0.76	4,000	56,700	0.9	1,600	72%
NGM Underground	38.5%	200	23.55	200	21,500	6.34	4,400	21,800	6.52	4,600	25,100	6.4	5,200	87%
Total NGM, Nevada (14)(16)	38.5%	3,900	2.51	300	180,000	1.41	8,200	183,900	1.44	8,500	81,800	2.6	6,700	82%

Table of Contents

Gold Resources at December 31, 2024 (1)(2) (continued)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
Held for sale (17)
CC&V, United States	100%	20,300	0.53	300	26,500	0.48	400	46,700	0.50	800	71,400	0.4	900	51%
Musselwhite, Canada	100%	1,500	4.21	200	2,300	4.10	300	3,800	4.15	500	1,900	5.0	300	96%
Porcupine Underground	100%	—	—	—	1,000	7.70	300	1,100	7.59	300	1,900	7.8	500	92%
Porcupine Open Pit	100%	—	—	—	75,600	1.51	3,700	75,600	1.51	3,700	65,900	1.4	2,900	92%
Total Porcupine, Canada	100%	—	—	—	76,600	1.59	3,900	76,600	1.59	3,900	67,900	1.5	3,400	92%
Éléonore, Canada	100%	400	4.94	100	2,900	4.11	400	3,300	4.21	400	2,400	4.6	400	92%
Coffee, Canada (15)	100%	900	2.14	100	49,300	1.26	2,000	50,200	1.28	2,100	6,700	1.0	200	81%
Akyem, Ghana (18)	100%	800	0.73	—	9,700	3.83	1,200	10,600	3.58	1,200	5,500	3.0	500	92%
Total Gold		548,800	0.53	9,300	4,717,000	0.59	90,100	5,265,900	0.59	99,400	3,967,800	0.6	70,600	78%

Table of Contents

Gold Resources at December 31, 2023 (1)(2)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
CC&V, United States	100%	77,400	0.43	1,100	43,700	0.36	500	121,100	0.40	1,600	22,400	0.4	300	56%
Musselwhite, Canada	100%	900	4.36	100	1,300	4.17	200	2,200	4.25	300	1,200	5.0	200	96%
Porcupine Underground	100%	200	4.55	—	1,100	6.89	200	1,300	6.49	300	2,400	8.0	600	94%
Porcupine Open Pit	100%	100	0.60	—	66,300	1.65	3,500	66,300	1.65	3,500	59,800	1.5	2,800	92%
Total Porcupine, Canada	100%	300	3.67	—	67,400	1.73	3,800	67,700	1.74	3,800	62,200	1.7	3,400	92%
Éléonore, Canada	100%	700	4.59	100	2,100	4.70	300	2,800	4.68	400	1,800	5.7	300	92%
Brucejack, Canada (19)	100%	—	—	—	1,800	7.64	500	1,800	7.64	500	12,100	10.3	4,000	96%
Red Chris, Canada (19)	70%	—	—	—	334,700	0.34	3,600	334,700	0.34	3,600	62,100	0.3	700	55%
Coffee, Canada (15)	100%	900	2.14	100	49,300	1.27	2,000	50,200	1.28	2,100	6,700	1.0	200	81%
Galore Creek, Canada (5)(15)	50%	212,800	0.29	2,000	385,600	0.22	2,700	598,400	0.25	4,700	118,900	0.2	700	75%
Peñasquito, Mexico (16)	100%	37,400	0.26	300	157,300	0.22	1,100	194,700	0.23	1,400	22,800	0.2	100	57%
Noche Buena, Mexico (15)	50%	—	—	—	19,900	0.37	200	19,900	0.37	200	1,600	0.2	—	50%
Merian, Suriname	75%	6,000	1.01	200	38,000	1.10	1,300	44,000	1.09	1,500	30,800	1.0	1,000	88%
Cerro Negro, Argentina	100%	1,300	3.71	200	2,100	6.17	400	3,400	5.22	600	6,200	4.7	900	94%
Conga, Peru (15)	100%	—	—	—	693,800	0.65	14,600	693,800	0.65	14,600	230,500	0.4	2,900	75%
Yanacocha Open Pit	100%	16,800	0.41	200	111,300	0.43	1,500	128,000	0.42	1,700	186,500	0.8	4,800	67%
Yanacocha Underground	100%	500	4.07	100	6,200	4.70	900	6,700	4.65	1,000	3,400	5.0	500	97%
Total Yanacocha, Peru	100%	17,300	0.52	300	117,500	0.65	2,500	134,800	0.64	2,800	189,900	0.9	5,400	73%
Pueblo Viejo, Dominican Republic (8)(15)	40%	7,300	1.47	300	37,300	1.49	1,800	44,600	1.49	2,100	3,200	1.6	200	82%
NuevaUnión, Chile (9)(15)	50%	4,800	0.47	100	118,300	0.59	2,300	123,100	0.59	2,300	239,800	0.4	3,100	68%
Norte Abierto, Chile (10)(15)	50%	77,200	0.61	1,500	596,900	0.49	9,300	674,200	0.50	10,800	369,600	0.4	4,400	76%
Boddington, Australia	100%	98,200	0.55	1,700	169,700	0.54	2,900	267,900	0.54	4,700	2,400	0.5	—	83%
Tanami Open Pit	100%	9,400	1.67	500	23,800	1.47	1,100	33,200	1.53	1,600	4,200	1.1	200	90%
Tanami Underground	100%	2,500	3.82	300	5,600	4.43	800	8,000	4.24	1,100	15,900	4.5	2,300	96%
Total Tanami, Australia	100%	11,900	2.12	800	29,400	2.03	1,900	41,200	2.06	2,700	20,100	3.8	2,400	94%
Cadia Underground	100%	—	—	—	1,596,600	0.32	16,200	1,596,600	0.32	16,200	497,000	0.2	3,800	80%
Cadia Stockpiles and Open Pit	100%	30,900	0.30	300	—	—	—	30,900	0.30	300	11,000	0.7	200	65%
Total Cadia, Australia (16)(19)	100%	30,900	0.30	300	1,596,600	0.32	16,200	1,627,500	0.32	16,500	508,000	0.2	4,100	80%
Telfer Open Pit	100%	—	—	—	25,900	0.56	500	25,900	0.56	500	—	—	—	78%
Telfer Underground	100%	—	—	—	1,700	2.31	100	1,700	2.31	100	—	—	—	90%
Total Telfer, Australia (19)(20)	100%	—	—	—	27,600	0.67	600	27,600	0.67	600	—	—	—	81%
Havieron, Australia (19)(20)	70%	—	—	—	33,200	2.65	2,800	33,200	2.65	2,800	11,400	1.7	600	87%
Namosi, Fiji (15)(19)	73.24%	—	—	—	105,500	0.22	700	105,500	0.22	700	1,346,900	0.1	4,300	72%
Lihir Open Pit	100%	—	—	—	25,000	2.03	1,600	25,000	2.03	1,600	227,400	2.4	17,500	80%
Lihir Stockpiles	100%	—	—	—	22,200	1.47	1,000	22,200	1.47	1,000	—	—	—	78%
Total Lihir, Papua New Guinea (16)(19)	100%	—	—	—	47,100	1.77	2,700	47,100	1.77	2,700	227,400	2.4	17,500	79%

Table of Contents

Gold Resources at December 31, 2023 (1)(2) (continued)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
Wafi-Golpu Open Pit	50%	—	—	—	53,600	1.66	2,900	53,600	1.66	2,900	15,500	1.3	600	65%
Wafi-Golpu Underground	50%	—	—	—	140,800	0.45	2,000	140,800	0.45	2,000	91,900	0.6	1,900	68%
Total Wafi-Golpu, Papua New<br><br>Guinea (15)(19)	50%	—	—	—	194,500	0.78	4,900	194,500	0.78	4,900	107,300	0.7	2,600	67%
Ahafo South Open Pit	100%	3,200	1.21	100	5,600	0.92	200	8,800	1.03	300	6,100	1.4	300	88%
Ahafo South Underground	100%	—	1.59	—	27,200	3.71	3,200	27,200	3.71	3,200	13,800	3.0	1,300	91%
Total Ahafo South, Ghana	100%	3,200	1.21	100	32,800	3.24	3,400	36,000	3.05	3,500	19,900	2.5	1,600	91%
Ahafo North, Ghana	100%	5,000	1.46	200	12,700	1.88	800	17,700	1.76	1,000	6,600	1.6	300	91%
Akyem, Ghana	100%	900	0.72	—	9,800	3.83	1,200	10,600	3.57	1,200	5,600	2.9	500	92%
NGM Open Pit and Stockpiles	38.5%	4,000	0.99	100	175,200	0.99	5,500	179,200	0.99	5,700	101,000	0.8	2,500	75%
NGM Underground	38.5%	1,400	7.51	300	20,900	5.95	4,000	22,200	6.04	4,300	23,100	6.5	4,800	84%
Total NGM, United States (14)	38.5%	5,300	2.66	500	196,000	1.52	9,600	201,400	1.55	10,000	124,100	1.8	7,300	80%
Total Gold		599,700	0.52	9,900	5,121,900	0.58	94,900	5,721,600	0.57	104,800	3,761,500	0.6	69,100	78%

____________________________

(1)Resources are reported exclusive of reserves. Amounts presented may not recalculate in total due to rounding.

(2)At December 31, 2024 and 2023, gold resources at sites for which Newmont is the operator were estimated at a gold price of $2,000 and $1,600 per ounce, unless otherwise noted. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000.

(4)Gold resources related to the underground mine at December 31, 2024 were estimated at a gold price of $1,400 per ounce.

(5)Project is currently undeveloped. Resource estimates provided by Teck Resources, the Galore Creek joint venture partner.

(6)Gold resources at December 31, 2024 were estimated at a gold price of $1,400 per ounce.

(7)Gold resources related to the undeveloped Yanacocha Sulfides project at December 31, 2024 were estimated at a gold price of $1,400 per ounce.

(8)The Pueblo Viejo mine, which is 40% owned by Newmont, is accounted for as an equity method investment. Gold resources at December 31, 2024 were estimated at a gold price of $1,900 per ounce. Gold resources at December 31, 2024 and 2023 were provided by Barrick, the operator of Pueblo Viejo.

(9)Project is currently undeveloped. Gold resources at December 31, 2024 and 2023 were estimated at a gold price of $1,300 per ounce and were provided by the NuevaUnión joint venture.

(10)Project is currently undeveloped. Gold resources at December 31, 2024 and 2023 were estimated at a gold price of $1,400 per ounce and were provided by the Norte Abierto joint venture.

(11)Gold resources at December 31, 2024 were estimated at a gold price of $1,400 per ounce.

(12)Gold resources at December 31, 2024 were estimated at a gold price of $1,300 per ounce.

(13)Gold resources at December 31, 2024 were estimated at a gold price of $1,400 per ounce.

(14)Gold resources at December 31, 2024 were estimated at a gold price of $1,900 per ounce. Gold resources at December 31, 2024 and 2023 were provided by Barrick, the operator of the NGM joint venture.

(15)Currently included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.

(16)Amounts presented herein have been rounded to the nearest 100,000 for ounces and tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

(17)Sites are classified as held for sale as of December 31, 2024. Refer to Note 3 to the Consolidated Financial Statements for further discussion of our assets and liabilities held for sale.

(18)Gold resources at December 31, 2024 were estimated at a gold price of $1,600 per ounce.

Table of Contents

(19)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. At December 31, 2023, gold resources at sites acquired through the Newcrest transaction were estimated at a gold price of $1,400 per ounce, with the exception of Havieron and Lihir, for which gold resources were estimated using Newmont's price assumptions, and certain legacy estimates, which have applied older, more conservative price assumptions.

(20)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment, which includes the Havieron development project. Refer to Note 3 to the Consolidated Financial Statements for further information.

Copper Resources at December 31, 2024 (1)(2)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(Cu%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Cu%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Cu%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Cu%)	Tonnes (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
Red Chris, Canada (4)	70%	—	—%	—	335,100	0.34%	1,100	335,100	0.34%	1,100	62,100	0.4%	200	81%
Galore Creek, Canada (5)(12)	50%	212,800	0.44%	900	385,600	0.47%	1,800	598,400	0.46%	2,800	118,900	0.3%	300	93%
Conga, Peru (6)(12)	100%	—	—%	—	693,800	0.26%	1,800	693,800	0.26%	1,800	230,500	0.2%	400	84%
Yanacocha, Peru (7)	100%	1,500	1.02%	—	99,800	0.36%	400	101,300	0.37%	400	39,700	0.4%	100	81%
NuevaUnión, Chile (8)(12)	50%	164,300	0.19%	300	349,900	0.34%	1,200	514,100	0.30%	1,500	602,200	0.4%	2,300	89%
Norte Abierto, Chile (9)(12)	50%	57,600	0.24%	100	551,300	0.19%	1,100	608,900	0.20%	1,200	361,800	0.2%	700	90%
Boddington, Australia	100%	90,600	0.12%	100	154,100	0.11%	200	244,700	0.12%	300	3,500	0.1%	—	83%
Cadia Open Pit	100%	30,800	0.13%	—	—	—%	—	30,800	0.13%	—	11,000	0.5%	100	85%
Cadia Underground	100%	—	—%	—	1,245,100	0.25%	3,200	1,245,100	0.25%	3,200	549,400	0.2%	900	86%
Total Cadia, Australia	100%	30,800	0.13%	—	1,245,100	0.25%	3,200	1,275,900	0.25%	3,200	560,400	0.2%	1,000	86%
Namosi Open Pit	73.24%	—	—%	—	105,500	0.61%	600	105,500	0.61%	600	1,346,900	0.3%	4,300	84%
Namosi Underground	73.24%	—	—%	—	—	—%	—	—	—%	—	209,900	0.4%	900	92%
Total Namosi, Fiji (12)	73.24%	—	—%	—	105,500	0.61%	600	105,500	0.61%	600	1,556,800	0.3%	5,200	85%
Wafi-Golpu, Papua New Guinea (10)(12)	50%	—	—%	—	140,800	0.73%	1,000	140,800	0.73%	1,000	91,900	0.7%	600	95%
NGM, United States (11)(13)	38.5%	—	—%	—	113,700	0.17%	200	113,700	0.17%	200	11,100	0.2%	—	67%
Total Copper		557,600	0.28%	1,600	4,174,600	0.30%	12,600	4,732,200	0.30%	14,100	3,638,800	0.3%	11,000	87%

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Copper Resources at December 31, 2023 (1)(2)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(Cu%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Cu%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Cu%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Cu%)	Tonnes (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
Red Chris, Canada (14)	70%	—	—%	—	334,700	0.34%	1,100	334,700	0.34%	1,100	62,100	0.4%	200	81%
Galore Creek, Canada (5)(12)	50%	212,800	0.44%	900	385,600	0.47%	1,800	598,400	0.46%	2,800	118,900	0.3%	300	93%
Conga, Peru (12)	100%	—	—%	—	693,800	0.26%	1,800	693,800	0.26%	1,800	230,500	0.2%	400	84%
Yanacocha, Peru	100%	1,500	1.02%	—	99,800	0.36%	400	101,300	0.37%	400	39,700	0.4%	100	81%
NuevaUnión, Chile (8)(12)	50%	164,300	0.19%	300	349,900	0.34%	1,200	514,100	0.30%	1,500	602,200	0.4%	2,300	89%
Norte Abierto, Chile (9)(12)	50%	57,600	0.24%	100	551,300	0.19%	1,100	608,900	0.20%	1,200	361,800	0.2%	700	90%
Boddington, Australia	100%	98,200	0.11%	100	169,700	0.11%	200	267,900	0.11%	300	2,400	0.1%	—	82%
Cadia Underground	100%	—	—%	—	1,596,600	0.23%	3,700	1,596,600	0.23%	3,700	497,000	0.2%	900	85%
Cadia Open Pit	100%	30,900	0.13%	—	—	—%	—	30,900	0.13%	—	11,000	0.5%	100	80%
Total Cadia, Australia (13)(14)	100%	30,900	0.13%	—	1,596,600	0.23%	3,700	1,627,500	0.23%	3,800	508,000	0.2%	900	85%
Telfer Open Pit	100%	—	—%	—	20,300	0.06%	—	20,300	0.06%	—	—	—%	—	49%
Telfer Stockpiles	100%	—	—%	—	5,600	0.07%	—	5,600	0.07%	—	—	—%	—	46%
Telfer Underground	100%	—	—%	—	1,700	0.56%	—	1,700	0.56%	—	—	—%	—	94%
Total Telfer, Australia (14)(15)	100%	—	—%	—	27,600	0.09%	—	27,600	0.09%	—	—	—%	—	65%
Havieron, Australia (14)(15)	70%	—	—%	—	33,200	0.34%	100	33,200	0.34%	100	11,400	0.2%	—	86%
Telfer Projects, Australia (14)(15)	100%	—	—%	—	51,700	0.29%	100	51,700	0.29%	100	1,900	0.3%	—	78%
Namosi Open Pit	73.24%	—	—%	—	105,500	0.61%	600	105,500	0.61%	600	1,346,900	0.3%	4,300	84%
Namosi Underground	73.24%	—	—%	—	—	—%	—	—	—%	—	209,900	0.4%	900	92%
Total Namosi, Fiji (12)(14)	73.24%	—	—%	—	105,500	0.61%	600	105,500	0.61%	600	1,556,800	0.3%	5,200	85%
Wafi-Golpu, Papua New Guinea (12)(14)	50%	—	—%	—	140,800	0.73%	1,000	140,800	0.73%	1,000	91,900	0.7%	600	95%
NGM, United States (11)	38.5%	—	—%	—	136,000	0.15%	200	136,000	0.15%	200	19,300	0.2%	—	65%
Total Copper		565,300	0.28%	1,600	4,676,100	0.29%	13,500	5,241,400	0.29%	15,000	3,606,800	0.3%	10,900	88%

____________________________

(1)Resources are reported exclusive of reserves. Amounts presented may not recalculate in total due to rounding.

(2)At December 31, 2024 and 2023, copper resources at sites in which Newmont is the operator were estimated at a copper price of $4.00 per pound, unless otherwise noted. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000.

(4)Copper resources related to the underground mine at December 31, 2024 were estimated at a copper price of $3.40 per pound.

(5)Project is currently undeveloped. Resource estimates provided by Teck Resources.

(6)Copper resources at December 31, 2024 were estimated at a copper price of $3.50 per pound.

(7)Copper resources related to the undeveloped Yanacocha Sulfides project at December 31, 2024 were estimated at a copper price of $3.25 per pound.

(8)Project is currently undeveloped. Copper resources at December 31, 2024 and 2023 were estimated at a copper price of $3.00 per pound and were provided by the NuevaUnión joint venture.

(9)Project is currently undeveloped. Copper resources at December 31, 2024 and 2023 were estimated at a copper price of $3.25 per pound and were provided by the Norte Abierto joint venture.

(10)Copper resources related to the open pit mine at December 31, 2024 were estimated at a copper price of $3.40 per pound.

(11)Copper resources at December 31, 2024 and 2023 were provided by Barrick, the operator of the NGM joint venture.

(12)Currently included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.

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(13)Amounts presented herein have been rounded to the nearest 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

(14)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. Copper resources at sites acquired through the Newcrest transaction were estimated at a copper price of $3.40 per pound at December 31, 2023, with the exception of Havieron, for which copper resources were estimated using Newmont's price assumptions, and certain legacy estimates, which have applied older, more conservative price assumptions.

(15)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment, which includes the Havieron development project. Refer to Note 3 to the Consolidated Financial Statements for further information.

Silver Resources at December 31, 2024 (1)(2)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
Brucejack, Canada	100%	—	—	—	4,300	19.68	2,700	4,300	19.68	2,700	16,600	11.6	6,200	82%
Galore Creek, Canada (4)(12)	50%	212,800	4.08	27,900	385,600	4.77	59,100	598,400	4.52	87,000	118,900	2.6	9,900	73%
Peñasquito, Mexico	100%	48,200	27.22	42,200	163,100	24.84	130,300	211,300	25.39	172,400	21,100	25.4	17,200	80%
Noche Buena, Mexico (12)	50%	—	—	—	19,900	13.99	9,000	19,900	13.99	9,000	1,600	11.0	500	25%
Cerro Negro Underground	100%	100	70.12	300	700	61.42	1,400	900	62.67	1,700	7,300	26.5	6,200	76%
Cerro Negro Open Pit	100%	1,200	6.76	300	1,200	6.62	300	2,400	6.70	500	300	6.7	100	71%
Total Cerro Negro, Argentina	100%	1,300	12.61	500	1,900	27.54	1,700	3,200	21.43	2,200	7,600	25.7	6,300	75%
Conga, Peru (5)(12)	100%	—	—	—	693,800	2.06	45,900	693,800	2.06	45,900	175,000	1.1	6,300	70%
Yanacocha Open Pit	100%	16,300	6.71	3,500	103,900	10.16	33,900	120,200	9.69	37,400	26,300	13.4	11,400	43%
Yanacocha Leach Pad (6)	100%	—	—	—	—	—	—	—	—	—	62,700	2.2	4,500	4%
Yanacocha Underground	100%	500	0.37	—	6,200	37.02	7,300	6,700	34.23	7,400	3,400	40.4	4,400	83%
Total Yanacocha, Peru (7)	100%	16,800	6.52	3,500	110,100	11.66	41,300	126,900	10.98	44,800	92,400	6.8	20,300	47%
Pueblo Viejo, Dominican Republic (8)(12)	40%	8,200	7.69	2,000	38,200	7.82	9,600	46,400	7.80	11,600	5,000	6.8	1,100	71%
NuevaUnión, Chile (9)(12)	50%	164,300	0.96	5,100	349,900	1.19	13,400	514,100	1.12	18,400	602,200	1.2	22,500	66%
Norte Abierto, Chile (10)(12)	50%	77,200	1.20	3,000	596,900	1.07	20,600	674,200	1.09	23,500	369,600	1.0	11,300	78%
Cadia, Australia	100%	—	—	—	1,245,100	0.65	26,100	1,245,100	0.65	26,100	549,400	0.4	7,900	67%
Wafi-Golpu, Papua New Guinea (12)	50%	—	—	—	53,600	4.42	7,600	53,600	4.42	7,600	15,500	4.5	2,200	45%
NGM Open Pit	38.5%	—	—	—	98,300	5.64	17,800	98,300	5.64	17,800	9,400	4.2	1,300	38%
NGM Stockpiles	38.5%	—	—	—	—	—	—	—	—	—	900	4.6	100	38%
NGM, United States (11)(13)	38.5%	—	—	—	98,300	5.64	17,800	98,300	5.64	17,800	10,300	4.2	1,400	38%
Total Silver		528,900	4.96	84,300	3,760,700	3.18	385,000	4,289,600	3.40	469,200	1,985,100	1.8	113,200	69%

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Silver Resources at December 31, 2023 (1)(2)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(g/tonne)	Ounces (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
Brucejack, Canada (14)	100%	—	—	—	1,800	8.09	500	1,800	8.09	500	12,100	10.0	3,900	85%
Galore Creek, Canada (4)(12)	50%	212,800	4.08	27,900	385,600	4.77	59,100	598,400	4.52	87,000	118,900	2.6	9,900	73%
Peñasquito, Mexico (13)	100%	37,400	24.48	29,400	157,300	25.12	127,100	194,700	25.00	156,500	22,800	25.4	18,700	79%
Noche Buena, Mexico (12)	50%	—	—	—	19,900	13.99	9,000	19,900	13.99	9,000	1,600	11.0	500	25%
Cerro Negro Underground	100%	100	61.50	200	900	60.12	1,800	1,000	60.28	2,000	5,900	27.5	5,200	75%
Cerro Negro Open Pit	100%	1,200	6.77	300	1,200	6.63	300	2,400	6.70	500	300	6.7	100	71%
Total Cerro Negro, Argentina	100%	1,300	11.71	500	2,100	30.02	2,000	3,400	22.95	2,500	6,200	26.4	5,300	75%
Conga, Peru (12)	100%	—	—	—	693,800	2.06	45,900	693,800	2.06	45,900	175,000	1.1	6,300	70%
Yanacocha Open Pit	100%	16,100	6.76	3,500	105,200	10.43	35,300	121,300	9.94	38,800	26,400	13.5	11,500	44%
Yanacocha Underground	100%	500	0.37	—	6,200	37.02	7,300	6,700	34.23	7,400	3,400	40.4	4,400	83%
Total Yanacocha, Peru	100%	16,600	6.57	3,500	111,300	11.91	42,600	128,000	11.21	46,100	29,800	16.6	15,900	51%
Pueblo Viejo, Dominican Republic (8)(12)	40%	7,300	7.96	1,900	37,300	8.04	9,600	44,600	8.02	11,500	3,200	8.1	800	74%
NuevaUnión, Chile (9)(12)	50%	164,300	0.96	5,100	349,900	1.19	13,400	514,100	1.12	18,400	602,200	1.2	22,500	66%
Norte Abierto, Chile (10)(12)	50%	77,200	1.20	3,000	596,900	1.07	20,600	674,200	1.09	23,500	369,600	1.0	11,300	78%
Cadia, Australia (13)(14)	100%	—	—	—	1,596,600	0.61	31,300	1,596,600	0.61	31,300	497,000	0.5	7,500	65%
Wafi-Golpu, Papua New Guinea (12)(14)	50%	—	—	—	53,600	4.42	7,600	53,600	4.42	7,600	15,500	4.5	2,200	45%
NGM Open Pit	38.5%	—	—	—	93,000	5.59	16,700	93,000	5.59	16,700	16,700	5.4	2,900	38%
NGM Stockpiles	38.5%	—	—	—	—	—	—	—	—	—	1,800	5.6	300	38%
NGM, United States (11)	38.5%	—	—	—	93,000	5.59	16,700	93,000	5.59	16,700	18,400	5.4	3,200	38%
Total Silver		516,900	4.29	71,300	4,099,200	2.92	385,400	4,616,200	3.08	456,700	1,872,300	1.8	108,100	68%

____________________________

(1)Resources are reported exclusive of reserves. Amounts presented may not recalculate in total due to rounding.

(2)At December 31, 2024 and 2023, silver resources at sites in which Newmont is the operator were estimated at a silver price of $23.00 per ounce, unless otherwise noted. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000.

(4)Project is currently undeveloped. Resource estimates provided by Teck Resources.

(5)Silver resources at December 31, 2024 were estimated at a silver price of $26.00 per ounce.

(6)Leach pad material is the material on leach pads at the end of the year from which silver remains to be recovered. In-process resources are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported resources.

(7)Silver resources related to the undeveloped Yanacocha Sulfides project at December 31, 2024 were estimated at a silver price of $23.00 per ounce.

(8)Silver resources at December 31, 2024 were estimated at a silver price of $24.00 per ounce. Silver resources at December 31, 2024 and 2023 were provided by Barrick, the operator of the Pueblo Viejo.

(9)Project is currently undeveloped. Silver resources at December 31, 2024 and 2023 were estimated at a silver price of $18.00 per ounce and were provided by the NuevaUnión joint venture.

(10)Project is currently undeveloped. Silver resources at December 31, 2024 and 2023 were estimated at a silver price of $20.00 per ounce and were provided by the Norte Abierto joint venture.

(11)Silver resources at December 31, 2024 were estimated at a silver price of $24.00 per ounce. Silver resources at December 31, 2024 and 2023 were provided by Barrick, the operator of the NGM joint venture.

(12)Currently included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.

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(13)Amounts presented herein have been rounded to the nearest 100,000 for ounces and tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

(14)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. Silver resources at sites acquired through the Newcrest transaction were estimated at a silver price of $21.00 per ounce at December 31, 2023, with the exception of certain legacy estimates, which have applied older, more conservative price assumptions.

Lead Resources at December 31, 2024 (1)(2)
		Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(Pb%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Pb%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Pb%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Pb%)	Tonnes (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
Peñasquito, Mexico	100%	48,200	0.25%	100	163,100	0.23%	400	211,300	0.23%	500	21,100	0.2%	—	73%
Total Lead		48,200	0.25%	100	163,100	0.23%	400	211,300	0.23%	500	21,100	0.2%	—	73%	Lead Resources at December 31, 2023 (1)(2)
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(Pb%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Pb%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Pb%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Pb%)	Tonnes (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
Peñasquito, Mexico (4)	100%	37,400	0.28%	100	157,300	0.24%	400	194,700	0.24%	500	22,800	0.2%	100	72%
Telfer Projects, Australia (5)(6)	100%	—	—%	—	51,700	0.30%	200	51,700	0.30%	200	1,900	0.2%	—	89%
Total Lead		37,400	0.28%	100	209,100	0.25%	500	246,500	0.26%	600	24,700	0.2%	100	76%

____________________________

(1)Resources are reported exclusive of reserves.

(2)At December 31, 2024 and 2023, lead resources were estimated at a lead price of $1.00 and $1.20 per pound, respectively. Tonnage amounts have been rounded to the nearest 100,000.

(4)Amounts presented herein have been rounded to the nearest 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

(5)Site acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. Lead resources at sites acquired through the Newcrest transaction were estimated at a lead price of $1.07 per pound at December 31, 2023.

(6)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment, which includes the Havieron development project. Refer to Note 3 to the Consolidated Financial Statements for further information.

Zinc Resources at December 31, 2024 (1)(2)
		Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(Zn%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Zn%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Zn%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Zn%)	Tonnes (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
Peñasquito, Mexico	100%	48,200	0.69%	300	163,100	0.55%	900	211,300	0.59%	1,200	21,100	0.6%	100	81%
Total Zinc		48,200	0.69%	300	163,100	0.55%	900	211,300	0.59%	1,200	21,100	0.6%	100	81%

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Zinc Resources at December 31, 2023 (1)(2)
		Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(Zn%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Zn%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Zn%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Zn%)	Tonnes (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
Peñasquito, Mexico (4)	100%	37,400	0.69%	300	157,300	0.59%	900	194,700	0.61%	1,200	22,800	0.6%	100	81%
Telfer Projects, Australia (5)(6)	100%	—	—%	—	51,700	0.63%	300	51,700	0.63%	300	1,900	0.5%	—	78%
Total Zinc		37,400	0.69%	300	209,100	0.60%	1,300	246,500	0.61%	1,500	24,700	0.6%	100	80%

____________________________

(1)Resources are reported exclusive of reserves.

(2)At December 31, 2024 and 2023, zinc resources were estimated at a zinc price of $1.30 and $1.45 per pound, respectively. Tonnage amounts have been rounded to the nearest 100,000.

(5)Site acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information. Zinc resources at sites acquired through the Newcrest transaction were estimated at a zinc price of $1.15 per pound at December 31, 2023.

Molybdenum Resources at December 31, 2024 (1)(2)
		Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(Mo%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Mo%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Mo%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Mo%)	Tonnes (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
NuevaUnión, Chile (4)	50%	159,500	0.01%	—	231,500	0.01%	—	391,000	0.01%	—	362,300	—%	—	52%
Cadia, Australia	100%	—	—%	—	1,173,900	0.01%	100	1,173,900	0.01%	100	509,600	—%	—	72%
Total Molybdenum		159,500	0.01%	—	1,405,400	0.01%	100	1,564,900	0.01%	100	872,000	—%	100	62%	Molybdenum Resources at December 31, 2023 (1)(2)
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br>(Mo%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Mo%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Mo%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br>(Mo%)	Tonnes (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
NuevaUnión, Chile (4)	50%	159,500	0.01%	—	231,500	0.01%	—	391,000	0.01%	—	362,300	—%	—	52%
Cadia, Australia (5)(6)	100%	—	—%	—	1,515,400	0.01%	100	1,515,400	0.01%	100	497,000	—%	—	72%
Total Molybdenum		159,500	0.01%	—	1,746,900	0.01%	100	1,906,400	0.01%	100	859,400	—%	100	60%

____________________________

(1)Resources are reported exclusive of reserves.

(2)At December 31, 2024 and 2023, molybdenum resources at sites in which Newmont is the operator were estimated at a molybdenum price of $16.00 and $10.00 per pound, respectively, unless otherwise noted. Tonnage amounts have been rounded to the nearest 100,000.

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(4)Project is currently undeveloped and is included in Corporate and Other in Note 4 to the Consolidated Financial Statements. Molybdenum resources at December 31, 2024 and 2023 were estimated at a molybdenum price of $10.00 per pound and were provided by the NuevaUnión joint venture.

(5)Amounts presented herein have been rounded to the nearest 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

(6)Site acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information.

Tungsten Resources at December 31, 2023 (1)(2)
		Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont<br>Share	Tonnage<br><br>(000 tonnes)	Grade<br><br>(W%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br><br>(W%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br><br>(W%)	Tonnes (3)<br><br>(000)	Tonnage<br><br>(000 tonnes)	Grade<br><br>(W%)	Tonnes (3)<br><br>(000)	Metallurgical<br><br>Recovery (3)
Telfer Projects, Australia	100%	—	—%	—	51,700	0.35%	200	51,700	0.35%	200	1,900	0.4%	—	74%
Total Tungsten		—	—%	—	51,700	0.35%	200	51,700	0.35%	200	1,900	0.4%	—	74%

____________________________

(1)Resources are reported exclusive of reserves.

(2)At December 31, 2023, tungsten resources were estimated at a tungsten price of $16.00 per pound. Tonnage amounts have been rounded to the nearest 100,000. The Telfer reportable segment was acquired in 2023 through the Newmont transaction and subsequently sold in the fourth quarter of 2024. Refer to Note 3 to the Consolidated Financial Statements for further information. Due to the sale, the Company had no tungsten reserves at December 31, 2024.

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ITEM 3. LEGAL PROCEEDINGS

Information regarding legal proceedings is contained in Note 25 to the Consolidated Financial Statements contained in this Report and is incorporated herein by reference. The Company has elected to apply a threshold of $1 million pursuant to Item 103(c)(3)(iii) of Regulation S-K in connection with environmental proceedings to which a governmental authority is a party.

ITEM 4. MINE SAFETY DISCLOSURES

At Newmont, safety is a core value, and we strive for superior performance. In 2024, we lost four colleagues due to fatal events at sites not subject to regulation by the Federal Mine Safety and Health Administration (“MSHA”) under the Federal Mine Safety and Health Act of 1977 (the “Mine Act”). We are working diligently to strengthen and improve our safety systems, along with the key safety tools that we use in the field. We are fully committed to understanding the factors that contributed to these tragedies, undertaking decisive action to improve our safety culture with a clear focus on seeking to effectively control all of the risks that could lead to a fatality. Newmont’s Always Safe program reflects learning from these tragic events. The program focuses on Integrated Systems, Robust Capabilities and Empowered Behaviors, through a leadership commitment to care, clarity, and capability. We will also continue to transparently share the lessons we learned with our employees and our peers in the industry to help improve the safety performance of our sector.

Our health and safety management system, which includes detailed standards and procedures for safe production, addresses topics such as employee training, risk management, workplace inspection, emergency response, accident investigation and program auditing. In addition to strong leadership and involvement from all levels of the organization, these programs and procedures form the cornerstone of safety at Newmont, ensuring that employees are provided a safe and healthy environment and are intended to reduce workplace accidents, incidents and losses, comply with all mining-related regulations and provide support for both regulators and the industry to improve mine safety.

In addition, we have established our “Rapid Response” crisis management process to mitigate and prevent the escalation of adverse consequences if existing risk management controls fail, particularly if an incident may have the potential to seriously impact the safety of employees, the community or the environment. This process provides appropriate support to an affected site to complement their technical response to an incident, so as to reduce the impact by considering the environmental, strategic, legal, financial and public image aspects of the incident, to ensure communications are being carried out in accordance with legal and ethical requirements and to identify actions in addition to those addressing the immediate hazards. The health and safety of our people and our host communities is paramount.

The operation of our U.S. based mine is subject to regulation by the MSHA under the Mine Act. MSHA inspects our mine on a regular basis and issues various citations and orders when it believes a violation has occurred under the Mine Act. Following passage of The Mine Improvement and New Emergency Response Act of 2006, MSHA significantly increased the numbers of citations and orders charged against mining operations. The dollar penalties assessed for citations issued have also increased in recent years.

Newmont is required to report certain mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 104 of Regulation S-K, and that required information is included in Exhibit 95 and is incorporated by reference into this Annual Report. It is noted that the Nevada mines owned by NGM, in which the Company holds a 38.5% interest, are not included in the Company’s Exhibit 95 mine safety disclosure reporting as such sites are operated by our joint venture partner, Barrick.

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PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASE OF EQUITY SECURITIES (in millions, except share and per share data)

Our common stock is listed and principally traded on the New York Stock Exchange under the symbol “NEM.” On February 13, 2025, there were 1,126,861,075 shares of Newmont’s common stock outstanding, which were held by approximately 6,500 stockholders of record.

During the period from October 1, 2024 to December 31, 2024, 16,841,467 shares of Newmont's equity securities registered pursuant to Section 12 of the Exchange Act of 1934, as amended, were purchased by the Company, or an affiliated purchaser.

	(a)	(b)		(c)	(d)
Period	Total Number of Shares<br><br>Purchased (1)	Average Price Paid Per Share (1)		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)	Maximum Dollar Value of Shares that may yet be Purchased under the Plans or Programs (2)
October 1, 2024 through October 31, 2024	10,300,979	$	51.32	10,277,445	$	2,024
November 1, 2024 through November 30, 2024	3,645,079	$	42.73	3,627,052	$	1,869
December 1, 2024 through December 31, 2024	2,895,409	$	39.92	2,891,138	$	1,754

____________________________

(1)The total number of shares purchased (and the average price paid per share) reflects: (i) shares purchased pursuant to the repurchase program described in (2) below; and (ii) shares delivered to the Company from stock awards held by employees upon vesting for the purpose of covering the recipients’ tax withholding obligations, totaling 23,534 shares, 18,027 shares, and 4,271 shares for the fiscal months of October, November, December 2024, respectively.

(2)In February 2024, the Board of Directors authorized a $1 billion stock repurchase program to repurchase shares of outstanding common stock to provide returns to stockholders. In connection with the expected completion of such program, in October 2024, the Board authorized an additional $2 billion share repurchase program, which will expire after 24 months (in October 2026). The program will be executed at the Company's discretion. The repurchase programs may be discontinued at any time, and the programs do not obligate the Company to acquire any specific number of shares of its common stock or to repurchase the full authorized amount during the authorization period. Consequently, the Board of Directors may revise or terminate such share repurchase authorizations in the future.

ITEM 6. RESERVED

None.

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ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION AND RESULTS OF OPERATIONS (dollars in millions, except per share, per ounce and per pound amounts)

The following Management’s Discussion and Analysis of Consolidated Financial Condition and Results of Operations (“MD&A”) provides information that management believes is relevant to an assessment and understanding of the consolidated financial condition and results of operations of Newmont Corporation, a Delaware corporation, and its subsidiaries (collectively, “Newmont,” the “Company,” “our” and “we”). We use certain non-GAAP financial measures in our MD&A. For a detailed description of each of the non-GAAP measures used in this MD&A, please refer to the discussion under Non-GAAP Financial Measures. This item should be read in conjunction with our Consolidated Financial Statements and the notes thereto included in this annual report.

The following MD&A generally discusses our consolidated financial condition and results of operations for 2024 and 2023 and year-to-year comparisons between 2024 and 2023. Discussions of our consolidated financial condition and results of operations for 2022 and year-to-year comparisons between 2023 and 2022 are included in Item 7, Management’s Discussion and Analysis of Consolidated Financial Condition and Results of Operations, of the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 29, 2024.

Overview

Newmont is the world’s leading gold company and is the only gold company included in the S&P 500 Index and the Fortune 500 list of companies. We have been included in the Dow Jones Sustainability Index-World since 2007 and have adopted the World Gold Council’s Conflict-Free Gold Policy. In June 2024, the Company was named as the only miner in TIME’s top 100 green firms ranking. Since 2015, Newmont has been ranked as the mining and metal sector’s top gold miner by the S&P Global Corporate Sustainability Assessment. Newmont has been ranked the top miner in 3BL Media’s 100 Best Corporate Citizens list which ranks the 1,000 largest publicly traded U.S. companies on ESG transparency and performance since 2020. We are primarily engaged in the exploration for and acquisition of gold properties, some of which may contain copper, silver, lead, zinc or other metals. We have significant operations and/or assets in the U.S., Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana. Our goal is to create value and improve lives through sustainable and responsible mining.

Refer to the Consolidated Financial Results, Results of Consolidated Operations, Liquidity and Capital Resources and non-GAAP Financial Measures for information about the continued impacts from inflationary pressures, effects of certain countermeasures taken by central banks, and supply chain disruptions, with particular consideration on the outlook for increased costs specific to labor, materials, consumables and fuel and energy on operations, as well as impacts on the timing and cost of capital expenditures and the risk of potential impairment to certain assets. Refer to discussion of Risk and Uncertainties within Note 2 to the Consolidated Financial Statements for further information.

Non-core Asset Divestitures

Based on a comprehensive review of the Company’s portfolio of assets following the Newcrest acquisition, the Company’s Board of Directors approved a portfolio optimization program to divest six non-core assets and a development project in February 2024. The non-core assets to be divested include Akyem, CC&V, Éléonore, Porcupine, Musselwhite, Telfer, and a development project in Canada. In February 2024, the Company concluded that these non-core assets and the development project met the accounting requirements to be presented as held for sale in the first quarter of 2024, based on progress made through our active sales program and management’s expectation that the sale is probable and will be completed within 12 months. As of December 31, 2023, the aggregate net book value of the non-core assets and the development project was $3,419. While the Company remains committed to a plan to sell these assets for a fair price, there is a possibility that the assets held for sale may exceed one year due to events or circumstances beyond the Company's control.

In the second half of 2024, the Company entered into a definitive agreement to sell the assets of the Telfer reportable segment, which closed in the fourth quarter 2024. As a result of the sale, a loss of $160 was recognized in Loss on assets held for sale. Additionally, in the fourth quarter of 2024 the Company entered into definitive agreements to sell the reportable segments of Akyem, Musselwhite, Éléonore, and CC&V and in January 2025 the Company entered into a definitive agreement to sell the Porcupine reportable segment. All of which are expected to close in the first half of 2025 and remained designated as held for sale at December 31, 2024.

The non-core assets and the development project classified as held for sale are recorded at the lower of the carrying value or fair value, less costs to sell. These assets are periodically valued until sale occurs with any resulting gain or loss recognized in Loss on assets held for sale. As a result, for the year ended December 31, 2024 a loss of $859 was recognized within Loss on assets held for sale, of which $160 and $699 related to Telfer and the disposal groups remaining as held for sale as of December 31, 2024, respectively. The $699 loss on the disposal groups remaining as held for sale resulted in an aggregate net book value of $2,432 at December 31, 2024. A resulting tax impact of $255 was recognized for the year ended December 31, 2024, resulting in a total loss of $1,114 recognized for the year ended December 31, 2024, within Loss on assets held for sale.

For further information, refer to Note 3 to the Consolidated Financial Statements.

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Newcrest Acquisition

On November 6, 2023, the Company completed its business combination transaction with Newcrest Mining Limited, a public Australian mining company limited by shares ("Newcrest"), whereby Newmont, through Newmont Overseas Holdings Pty Ltd, an Australian proprietary company limited by shares (“Newmont Sub”), acquired all of the ordinary shares of Newcrest in a fully stock transaction for total non-cash consideration of $13,549. Newcrest became a direct wholly owned subsidiary of Newmont Sub and an indirect wholly owned subsidiary of Newmont (such acquisition, the “Newcrest transaction”). The combined company continues to be traded on the New York Stock Exchange under the ticker NEM. The combined company is also listed on the Toronto Stock Exchange under the ticker NGT, on the Australian Securities Exchange under the ticker NEM, and on the Papua New Guinea Securities Exchange under the ticker NEM. For further information, refer to Note 3 to the Consolidated Financial Statements.

For information on asset sales impacting comparability of below results, refer to Note 9 to the Consolidated Financial Statements.

Consolidated Financial Results

The details of our Net income (loss) from continuing operations attributable to Newmont stockholders are set forth below:

	Year Ended December 31,				Increase<br>(decrease)
	2024		2023
Net income (loss) from continuing operations attributable to Newmont stockholders	$	3,280	$	(2,521)	$	5,801
Net income (loss) from continuing operations attributable to Newmont stockholders per common share, diluted	$	2.86	$	(3.00)	$	5.86	Year Ended December 31,	Increase<br>(decrease)
---	---	---	---	---	---	---
	2023		2022
Net income (loss) from continuing operations attributable to Newmont stockholders	$	(2,521)	$	(459)	$	(2,062)
Net income (loss) from continuing operations attributable to Newmont stockholders per common share, diluted	$	(3.00)	$	(0.58)	$	(2.42)

Net income (loss) from continuing operations attributable to Newmont stockholders increased during the year ended December 31, 2024, compared to the same period in 2023, partially due to the impact of sites acquired in the Newcrest transaction which contributed $1,047 to the increase.

Excluding the impact of the sites acquired in the Newcrest transaction, the increase in Net income (loss) from continuing operations attributable to Newmont stockholders for the year ended 2024 compared to the same period in 2023 was primarily due to (i) higher average realized prices for all metals; (ii) lower Impairment charges; (iii) lower Reclamation and remediation; and (iv) and higher net income at Peñasquito which had been impacted in 2023 as a result of the labor strike. This increase was partially offset by the Loss on assets held for sale and higher income and mining tax expense.

Refer below for further information on the change in Costs applicable to sales and Depreciation and amortization.

The details and analyses of our Sales for all periods presented are set forth below. Refer to Note 5 to the Consolidated Financial Statements for additional information.

	Year Ended December 31,				Increase<br>(decrease)
	2024		2023
Gold	$	15,746	$	10,593	$	5,153
Copper	1,327		575		752
Silver	792		335		457
Lead	195		96		99
Zinc	622		213		409
	$	18,682	$	11,812	$	6,870

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	Year Ended December 31,				Increase<br>(decrease)
	2023		2022
Gold	$	10,593	$	10,416	$	177
Copper	575		316		259
Silver	335		549		(214)
Lead	96		133		(37)
Zinc	213		501		(288)
	$	11,812	$	11,915	$	(103)			Year Ended December 31, 2024
---	---	---	---	---	---	---	---	---	---	---
	Gold		Copper		Silver		Lead		Zinc
	(ounces)		(pounds)		(ounces)		(pounds)		(pounds)
Consolidated sales:
Gross before provisional pricing and streaming impact	$	15,701	$	1,377	$	724	$	200	$	691
Provisional pricing mark-to-market	105		—		14		(2)		8
Silver streaming amortization	—		—		91		—		—
Gross after provisional pricing and streaming impact	15,806		1,377		829		198		699
Treatment and refining charges	(60)		(50)		(37)		(3)		(77)
Net	$	15,746	$	1,327	$	792	$	195	$	622
Consolidated ounces/pounds sold (1)(2)	6,539		332		33		213		545
Average realized price (per ounce/pound): (3)
Gross before provisional pricing and streaming impact	$	2,401	$	4.15	$	22.05	$	0.94	$	1.27
Provisional pricing mark-to-market	16		—		0.42		(0.01)		0.02
Silver streaming amortization	—		—		2.79		—		—
Gross after provisional pricing and streaming impact	2,417		4.15		25.26		0.93		1.29
Treatment and refining charges	(9)		(0.15)		(1.13)		(0.02)		(0.15)
Net	$	2,408	$	4.00	$	24.13	$	0.91	$	1.14

____________________________

(1)Amounts reported in millions except gold ounces, which are reported in thousands.

(2)For the year ended December 31, 2024, the Company sold 150 thousand tonnes of copper, 97 thousand tonnes of lead, and 247 thousand tonnes of zinc.

(3)Per ounce/pound measures may not recalculate due to rounding.

	Year Ended December 31, 2023
	Gold		Copper		Silver		Lead		Zinc
	(ounces)		(pounds)		(ounces)		(pounds)		(pounds)
Consolidated sales:
Gross before provisional pricing and streaming impact	$	10,605	$	601	$	312	$	103	$	281
Provisional pricing mark-to-market	34		15		7		(4)		(15)
Silver streaming amortization	—		—		42		—		—
Gross after provisional pricing and streaming impact	10,639		616		361		99		266
Treatment and refining charges	(46)		(41)		(26)		(3)		(53)
Net	$	10,593	$	575	$	335	$	96	$	213
Consolidated ounces/pounds sold (1)(2)	5,420		155		17		107		222
Average realized price (per ounce/pound): (3)
Gross before provisional pricing and streaming impact	$	1,957	$	3.87	$	18.53	$	0.96	$	1.27
Provisional pricing mark-to-market	6		0.10		0.44		(0.03)		(0.07)
Silver streaming amortization	—		—		2.56		—		—
Gross after provisional pricing and streaming impact	1,963		3.97		21.53		0.93		1.20
Treatment and refining charges	(9)		(0.26)		(1.56)		(0.03)		(0.24)
Net	$	1,954	$	3.71	$	19.97	$	0.90	$	0.96

____________________________

(1)Amounts reported in millions except gold ounces, which are reported in thousands.

(2)For the year ended December 31, 2023, the Company sold 71 thousand tonnes of copper, 49 thousand tonnes of lead, and 101 thousand tonnes of zinc.

(3)Per ounce/pounds measures may not recalculate due to rounding.

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	Year Ended December 31, 2022
	Gold		Copper		Silver		Lead		Zinc
	(ounces)		(pounds)		(ounces)		(pounds)		(pounds)
Consolidated sales:
Gross before provisional pricing and streaming impact	$	10,461	$	337	$	533	$	145	$	583
Provisional pricing mark-to-market	(2)		(11)		(11)		(1)		(9)
Silver streaming amortization	—		—		73		—		—
Gross after provisional pricing and streaming impact	10,459		326		595		144		574
Treatment and refining charges	(43)		(10)		(46)		(11)		(73)
Net	$	10,416	$	316	$	549	$	133	$	501
Consolidated ounces/pounds sold (1)(2)	5,812		85		30		147		373
Average realized price (per ounce/pound): (3)
Gross before provisional pricing and streaming impact	$	1,800	$	3.94	$	17.90	$	0.98	$	1.56
Provisional pricing mark-to-market	—		(0.13)		(0.35)		—		(0.02)
Silver streaming amortization	—		—		2.45		—		—
Gross after provisional pricing and streaming impact	1,800		3.81		20.00		0.98		1.54
Treatment and refining charges	(8)		(0.12)		(1.55)		(0.07)		(0.20)
Net	$	1,792	$	3.69	$	18.45	$	0.91	$	1.34

____________________________

(1)Amounts reported in millions except gold ounces, which are reported in thousands.

(2)For the year ended December 31, 2022, the Company sold 39 thousand tonnes of copper, 67 thousand tonnes of lead, and 169 thousand tonnes of zinc.

(3)Per ounce/pound measures may not recalculate due to rounding.

The change in consolidated sales is due to:

	Year Ended December 31,
	2024 vs. 2023
	Gold		Copper		Silver		Lead		Zinc
	(ounces)		(pounds)		(ounces)		(pounds)		(pounds)
Increase (decrease) in consolidated ounces/pounds sold	$	2,197	$	698	$	346	$	98	$	387
Increase (decrease) in average realized price	2,970		63		122		1		46
Decrease (increase) in treatment and refining charges	(14)		(9)		(11)		—		(24)
	$	5,153	$	752	$	457	$	99	$	409	Year Ended December 31,
---	---	---	---	---	---	---	---	---	---	---
	2023 vs. 2022
	Gold		Copper		Silver		Lead		Zinc
	(ounces)		(pounds)		(ounces)		(pounds)		(pounds)
Increase (decrease) in consolidated ounces/pounds sold	$	(704)	$	266	$	(260)	$	(39)	$	(233)
Increase (decrease) in average realized price	884		24		26		(6)		(75)
Decrease (increase) in treatment and refining charges	(3)		(31)		20		8		20
	$	177	$	259	$	(214)	$	(37)	$	(288)

Sales increased during the year ended December 31, 2024, compared to the same period in 2023, by $6,870, primarily due to a net increase in gold and copper sales of $5,153 and $752, respectively. Of the gold and copper sales increases, $2,807 and $786, were attributable to sites acquired in the Newcrest transaction, respectively.

For discussion regarding drivers impacting sales volumes by site, refer to Results of Consolidated Operations below.

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The details of our Costs applicable to sales are set forth below.

	Year Ended December 31,				Increase<br>(decrease)
	2024		2023
Gold	$	7,364	$	5,689	$	1,675
Copper	696		359		337
Silver	360		300		60
Lead	116		98		18
Zinc	427		253		174
	$	8,963	$	6,699	$	2,264	Year Ended December 31,	Increase<br>(decrease)
---	---	---	---	---	---	---
	2023		2022
Gold	$	5,689	$	5,423	$	266
Copper	359		181		178
Silver	300		454		(154)
Lead	98		94		4
Zinc	253		316		(63)
	$	6,699	$	6,468	$	231

The increase in Costs applicable to sales during the year ended December 31, 2024, compared to the same period in 2023, is primarily due to the impact of sites acquired in the Newcrest transaction, which contributed $1,551 to the increase to Costs applicable to sales.

The increase in Costs applicable to sales during the year ended December 31, 2024, compared to the same period in 2023, was further impacted by (i) an increase of $319 at Peñasquito due to reduced operations in 2023 as a result of the labor strike, (ii) a drawdown of inventory and higher royalties at Ahafo, Akyem and Yanacocha, (iii) higher equipment maintenance costs at Tanami, and (iv) higher contracted services and labor costs at Ahafo; partially offset by a decrease in Costs applicable to sales at Boddington and Cerro Negro due to lower production.

For discussion regarding other significant drivers impacting Costs applicable to sales by site, refer to Results of Consolidated Operations below.

The Company uses both straight-line and UOP methods of depreciation. Depreciation and amortization will vary as a result of fluctuations in sales volumes and depreciation rates utilized at our mining sites. The details of our Depreciation and amortization are set forth below. Refer to Note 4 to the Consolidated Financial Statements for additional information.

	Year Ended December 31,				Increase<br>(decrease)
	2024		2023
Gold	$	1,918	$	1,730	$	188
Copper	217		53		164
Silver	159		134		25
Lead	52		45		7
Zinc	162		105		57
Other	68		41		27
	$	2,576	$	2,108	$	468	Year Ended December 31,	Increase<br>(decrease)
---	---	---	---	---	---	---
	2023		2022
Gold	$	1,730	$	1,838	$	(108)
Copper	53		34		19
Silver	134		151		(17)
Lead	45		32		13
Zinc	105		96		9
Other	41		34		7
	$	2,108	$	2,185	$	(77)

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The increase in Depreciation and amortization during the year ended December 31, 2024, compared to the same period in 2023, is primarily due to the impact of sites acquired in the Newcrest transaction, which contributed $582 to the increase in Depreciation and amortization.

Excluding the impact of the sites acquired in the Newcrest transaction, Depreciation and amortization decreased by $114 during the year ended December 31, 2024, compared to the same period in 2023, primarily due to the cessation of depreciation at sites classified as held for sale beginning in March 2024, partially offset by higher ounces mined at Peñasquito in the current year due to the Peñasquito labor strike in 2023 and higher ounces mined and asset additions at Ahafo.

For discussion regarding other significant drivers impacting Depreciation and amortization by site, refer to Results of Consolidated Operations below.

General and administrative expense was $442, $299, and $276 in 2024, 2023, and 2022, respectively. General and administrative expense increased in 2024, compared to 2023, primarily due to higher salaries and benefits, non-integration related consulting and other charges resulting from the Newcrest transaction, and higher travel costs during the year. General and administrative expense as a percentage of Sales was 2.4%, 2.5%, and 2.3% for 2024, 2023 and 2022 respectively.

Interest expense, net of capitalized interest was $375, $243, and $227 in 2024, 2023, and 2022, respectively. Capitalized interest totaled $114, $89, and $69 in each year, respectively. Interest expense, net of capitalized interest increased in 2024, compared to 2023, as a result of the interest expense recognized for the entire year on the debt acquired in the Newcrest transaction in November 2023.

Income and mining tax expense (benefit) was $1,397, $526, and $455 in 2024, 2023 and 2022, respectively. The effective tax rate is driven by a number of factors and the comparability of our income tax expense for the reported periods will be primarily affected by (i) variations in our income before income taxes; (ii) geographic distribution of that income; (iii) impacts of the changes in tax law; (iv) valuation allowances on tax assets; (v) percentage depletion; (vi) fluctuation in the value of the United States dollar and foreign currencies; and (vii) the impact of specific transactions and assessments including significant impairments of goodwill during 2023 and 2022. As a result, the effective tax rate will fluctuate, sometimes significantly, year to year. This trend is expected to continue in future periods. Refer to Note 10 to the Consolidated Financial Statements for further discussion of income taxes.

	Year Ended December 31,
	2024												2023
	Income<br><br>(Loss) (1)		Effective<br>Tax Rate			Income Tax<br>(Benefit)<br>Provision		Federal and State Cash Tax (Refund)			Mining Cash Tax/(Refund)		Income<br><br>(Loss) (1)		Effective<br>Tax Rate			Income Tax<br>(Benefit)<br>Provision		Federal and State Cash Tax (Refund)			Mining Cash Tax/(Refund)
Nevada	$	733	18	%		$	133	$	—		$	40	$	431	12	%		$	52	$	—		$	19
CC&V	88		13			11		—			—		71		8			6		—			—
Corporate & Other	(285)		(37)			106		11		(3)	—		(391)		26			(100)		15		(3)	—
Total US	536		47			250		11			40		111		(38)			(42)		15			19
Australia	1,741		34			596		295		(3)	47		794		50			398		302			113
Ghana	998		35			348		418			—		481		35			167		223			—
Suriname	82		17			14		28			—		53		19			10		10			—
Peru	346		37			129		9			12		(1,083)		(2)			17		10			4
Canada	(171)		138			(236)		17			47		(610)		(6)			37		(9)			7
Mexico	601		19			112		3		(3)	4		(1,805)		5			(97)		29			64
Argentina	—		—			35		17		(3)	—		(71)		—			—		9			—
Papua New Guinea	441		32			140		31			—		89		29			26		14			—
Other Foreign	3		300			9		—			—		10		100			10		—			—
Consolidated	$	4,577	31	%	(2)	$	1,397	$	829		$	150	$	(2,031)	(26)	%	(2)	$	526	$	603		$	207

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(1)Represents income (loss) from continuing operations by geographic location before income taxes and equity in affiliates. These amounts will not reconcile to the Segment Information for the reasons stated in Note 4 to the Consolidated Financial Statements.

(2)The consolidated effective income tax rate is a function of the combined effective tax rates for the jurisdictions in which we operate. Variations in the relative proportions of jurisdictional income could result in fluctuations to our combined effective income tax rate.

(3)Includes $19 and $28 of withholding tax for the year ended December 31, 2024 and 2023, respectively.

Recently Enacted Legislation

In 2024, Pillar II went into effect. The Pillar II agreement was signed by numerous countries with the intent to equalize corporate tax around the world by implementing a global minimum tax of 15%. As Newmont primarily does business in jurisdictions with a tax rate greater than 15%, the Company does not anticipate a material impact to the Consolidated Financial Statements.

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Net income (loss) from discontinued operations was $68, $27, and $30 in 2024, 2023, and 2022, respectively. Net income (loss) from discontinued operations increased in 2024, compared to 2023, primarily due to the sale of the Batu and Elang contingent consideration assets, including the income tax benefit associated with a release of a valuation allowance on the capital loss carryforward in the U.S. Refer to Note 14 to the Consolidated Financial Statements for additional information.

Refer to the Notes to the Consolidated Financial Statements for explanations of other financial statement line items.

Results of Consolidated Operations

Newmont has developed gold equivalent ounces (“GEO”) metrics to provide a comparable basis for analysis and understanding of our operations and performance related to copper, silver, lead and zinc. Gold equivalent ounces are calculated as pounds or ounces produced or sold multiplied by the ratio of the other metals’ price to the gold price, using the metal prices in the table below:

	Gold		Copper		Silver		Lead		Zinc
	(ounce)		(pound)		(ounce)		(pound)		(pound)
2024 GEO Price (1)	$	1,400	$	3.50	$	20.00	$	1.00	$	1.20
2023 GEO Price	$	1,400	$	3.50	$	20.00	$	1.00	$	1.20
2022 GEO Price	$	1,200	$	3.25	$	23.00	$	0.95	$	1.15

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(1)Effective January 1, 2025, GEO pricing was updated to align with reserve metal price assumptions as follows: Gold ($1,700/oz.), Copper ($3.50/lb.), Silver ($20.00/oz.), Lead ($0.90/lb.), and Zinc ($1.20/lb.). The update to GEO pricing will have an impact on the calculated gold equivalent ounces. This will result in an impact to costs allocated to the respective GEOs, particularly resulting in higher costs allocated to gold.

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	Gold or Other Metals Produced			Costs Applicable to Sales (1)					Depreciation and Amortization					All-In Sustaining Costs (2)
Year Ended December 31,	2024	2023	2022	2024	2023		2022		2024	2023		2022		2024	2023		2022
Gold	(ounces in thousands)			( per ounce sold)					( per ounce sold)					( per ounce sold)
Brucejack (3)	258	29	—		$	1,898	$	—		$	617	$	—		$	2,646	$	—
Red Chris (3)	40	5	—		$	905	$	—		$	298	$	—		$	1,439	$	—
Peñasquito	299	143	566		$	1,219	$	771		$	516	$	258		$	1,590	$	968
Merian	274	322	403		$	1,207	$	915		$	256	$	199		$	1,541	$	1,105
Cerro Negro	238	269	278		$	1,257	$	1,007		$	524	$	525		$	1,509	$	1,262
Yanacocha	354	276	244		$	1,069	$	1,254		$	310	$	380		$	1,266	$	1,477
Boddington	590	745	798		$	847	$	802		$	144	$	145		$	1,067	$	921
Tanami	408	448	484		$	759	$	675		$	249	$	207		$	1,060	$	960
Cadia (3)	464	97	—		$	1,079	$	—		$	130	$	—		$	1,271	$	—
Lihir (3)	614	134	—		$	1,117	$	—		$	153	$	—		$	1,517	$	—
Ahafo	798	581	574		$	947	$	990		$	312	$	292		$	1,222	$	1,178
NGM	1,039	1,170	1,169		$	1,070	$	989		$	387	$	404		$	1,397	$	1,220
Held for Sale (4)
CC&V	146	172	182		$	1,156	$	1,302		$	136	$	386		$	1,644	$	1,697
Musselwhite	212	180	173		$	1,186	$	1,135		$	444	$	464		$	1,843	$	1,531
Porcupine	284	260	280		$	1,167	$	1,004		$	455	$	369		$	1,577	$	1,248
Éléonore	240	232	215		$	1,263	$	1,228		$	433	$	531		$	1,838	$	1,599
Akyem	204	295	420		$	931	$	804		$	413	$	340		$	1,210	$	972
Divested (15)
Telfer (3)(5)	83	43	—		$	1,882	$	—		$	87	$	—		$	1,988	$	—
Total/Weighted Average (6)	6,545	5,401	5,786		$	1,050	$	933		$	327	$	322		$	1,444	$	1,211
Merian (25%)	(69)	(80)	(101)
Yanacocha (—%, —%, and 43.65%, respectively) (7)	—	—	(14)
Attributable to Newmont	6,476	5,321	5,671
Gold equivalent ounces - other metals	(ounces in thousands)			( per ounce sold)					( per ounce sold)					( per ounce sold)
Red Chris (3)(8)	144	20	—		$	1,020	$	—		$	181	$	—		$	1,660	$	—
Peñasquito (9)	1,102	529	1,048		$	1,283	$	828		$	561	$	267		$	1,756	$	1,112
Boddington (10)	206	245	227		$	830	$	782		$	144	$	145		$	1,067	$	894
Cadia (3)(11)	478	90	—		$	1,017	$	—		$	127	$	—		$	1,342	$	—
Divested (15)
Telfer (3)(5)(12)	14	7	—		$	1,703	$	—		$	109	$	—		$	2,580	$	—
Total/Weighted-Average (6)	1,944	891	1,275		$	1,127	$	819		$	378	$	245		$	1,579	$	1,114
Copper	(tonnes in thousands)
Red Chris (3)(8)	26	4	—
Boddington (10)	37	44	38
Cadia (3)(11)	87	16	—
Divested (15)
Telfer (3)(5)(12)	3	1	—
Total/Weighted-Average	153	65	38
Lead	(tonnes in thousands)
Peñasquito (9)	96	51	68
Zinc	(tonnes in thousands)
Peñasquito (9)	258	104	171
Attributable gold from equity method investments (13)	(ounces in thousands)
Pueblo Viejo (40%)	235	224	285
Fruta del Norte (3)(14)	138	—	—
Attributable to Newmont	373	224	285

All values are in US Dollars.

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(1)Excludes Depreciation and amortization and Reclamation and remediation.

(2)All-in sustaining costs is a non-GAAP financial measure. Refer to Non-GAAP Financial Measures below.

(3)Sites acquired through the Newcrest transaction during the fourth quarter of 2023, and as such, the comparative results of operations information is not meaningful. Refer to Note 3 to the Consolidated Financial Statements for further information on the Newcrest transaction.

(4)Sites were classified as held for sale beginning in the first quarter of 2024, and as such, the Company ceased recording depreciation and amortization at these sites in March 2024. Refer to Note 3 of the Consolidated Financial Statements for further discussion of our assets and liabilities held for sale.

(5)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 at the end of the third quarter upon successful remediation of the tailings storage facility. During the fourth quarter of 2024, we recognized a benefit of $50 related to business insurance proceeds as a result of the event, recorded in Costs applicable to sales.

(6)All-in sustaining costs and Depreciation and amortization include expense for Corporate and Other.

(7)The Company acquired the remaining interest in Yanacocha in 2022, resulting in 100% ownership interest at December 31, 2022. The Company recognized amounts attributable to non-controlling interests for Yanacocha for the periods prior to acquiring 100% ownership. Refer to Note 1 to the Consolidated Financial Statement for further information.

(8)For the year ended December 31, 2024 and 2023, Red Chris produced 58 million and 8 million pounds of copper, respectively.

(9)For the year ended December 31, 2024, Peñasquito produced 33 million ounces of silver, 212 million pounds of lead and 569 million pounds of zinc. For the year ended December 31, 2023, Peñasquito produced 18 million ounces of silver, 113 million pounds of lead and 230 million pounds of zinc. For the year ended December 31, 2022, Peñasquito produced 30 million ounces of silver, 149 million pounds of lead and 377 million pounds of zinc.

(10)For the years ended December 31, 2024, 2023 and 2022, Boddington produced 83 million, 98 million and 84 million pounds of copper, respectively.

(11)For the year ended December 31, 2024 and 2023, Cadia produced 191 million and 36 million pounds of copper, respectively.

(12)For the year ended December 31, 2024 and 2023, Telfer produced 6 million and 3 million pounds of copper, respectively.

(13)Income and expenses of equity method investments are included in Equity income (loss) of affiliates. Refer to Note 15 to the Consolidated Financial Statements for further discussion of our equity method investments.

(14)The Fruta del Norte mine is wholly owned and operated by Lundin Gold. Newmont holds a 32.0% interest in Lundin Gold and accounts for it on a quarterly-lag as an equity method investment. As a result, results of operations was first reported in the first quarter of 2024.

(15)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Telfer was classified as held for sale beginning in the first quarter of 2024, and as such, the Company ceased recording depreciation and amortization in March 2024. Refer to Note 3 to the Consolidated Financial Statements for further information.

Peñasquito, Mexico. Gold production increased 109% and gold equivalent ounces – other metals production increased 108% primarily due to higher mill throughput in the current year due to the Peñasquito labor strike in 2023 which ended in the fourth quarter of 2023, higher ore grade milled and higher mill recovery, partially offset by a higher buildup of in-circuit inventory. Costs applicable to sales per gold ounce decreased 36% primarily due to higher gold ounces sold in the current year as a result of the Peñasquito labor strike in 2023, partially offset by higher energy costs, higher contracted services costs, and higher materials costs. Costs applicable to sales per gold equivalent ounce – other metals decreased 35% primarily due to higher gold equivalent ounces sold in the current year as a result of the Peñasquito labor strike in 2023 and lower inventory write-downs in the current year, partially offset by higher energy costs, higher contracted services costs, higher materials costs, higher selling costs, and higher workers participation costs. Depreciation and amortization per gold ounce decreased 31% and Depreciation and amortization per gold equivalent ounce – other metals decreased 39% primarily due to higher gold ounces sold and gold equivalent ounces - other metals sold respectively, as a result of the Peñasquito labor strike in 2023. All-in sustaining costs per gold ounce decreased 38% primarily due to lower cost applicable to sales per gold ounce. All-in sustaining costs per gold equivalent ounce – other metals decreased 38% primarily due to lower cost applicable to sales per gold equivalent ounce - other metals, partially offset by higher treatment and refining costs.

Merian, Suriname. Gold production decreased 15% primarily due to lower ore grade milled. Costs applicable to sales per gold ounce increased 21% primarily due to lower gold ounces sold and higher labor costs. Depreciation and amortization per gold ounce increased 19% primarily due to lower gold ounces sold. All-in sustaining costs per gold ounce increased 20% primarily due to higher costs applicable to sales per gold ounce.

Cerro Negro, Argentina. Gold production decreased 12% primarily due to lower mill throughput as a result of temporarily suspending mining at the site due to the tragic fatalities during the second quarter of 2024, partially offset by higher ore grade milled. Costs applicable to sales per gold ounce increased 5% primarily due to lower gold ounces sold, higher labor costs, and higher materials costs, partially offset by lower export duties. Depreciation and amortization per gold ounce was generally in line with the prior year. All-in sustaining costs per gold ounce increased 8% primarily due to higher costs applicable to sales per gold ounce and higher sustaining capital spend.

Yanacocha, Peru. Gold production increased 28% primarily due to higher leach pad production as a result of injection leaching. Costs applicable to sales per gold ounce decreased 6% primarily due to higher gold ounces sold. Depreciation and amortization per gold ounce decreased 10% primarily due to higher gold ounces sold. All-in sustaining costs per gold ounce decreased 6% primarily due to lower costs applicable to sales per gold ounce.

Boddington, Australia. Gold production decreased 21% and gold equivalent ounces – other metals production decreased 16% primarily due to lower ore grade milled and lower mill throughput. Costs applicable to sales per gold ounce increased 25% primarily

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due to lower gold ounces sold and higher equipment maintenance costs. Costs applicable to sales per gold equivalent ounce – other metals increased 20% primarily due to lower gold equivalent ounces - other metals sold and higher equipment maintenance costs. Depreciation and amortization per gold ounce increased 34% primarily due to lower gold ounces sold and higher depreciation rates due to changes in mine life. Depreciation and amortization per gold equivalent ounce - other metals increased 31% primarily due to lower gold equivalent ounces - other metals sold and higher depreciation rates due to changes in mine life. All-in sustaining costs per gold ounce increased 21% primarily due to higher costs applicable to sales per gold ounce, partially offset by lower sustaining capital spend. All-in sustaining costs per gold equivalent ounce – other metals increased 10% primarily due to higher Costs applicable to sales per gold equivalent ounce - other metals, partially offset by lower sustaining capital spend.

Tanami, Australia. Gold production decreased 9% primarily due to lower ore grade milled. Costs applicable to sales per gold ounce increased 25% primarily due to higher equipment maintenance cost and lower gold ounces sold. Depreciation and amortization per gold ounce increased 20% primarily due to asset additions and lower gold ounces sold. All-in sustaining costs per gold ounce increased 21% primarily due to higher costs applicable to sales per gold ounce.

Ahafo, Ghana. Gold production increased 37% primarily due to higher ore grade milled and higher mill throughput. Costs applicable to sales per gold ounce decreased 5% primarily due to higher gold ounces sold, partially offset by higher third-party royalties, and higher contracted services and labor costs. The higher mill throughput in the current year relates in part to a conveyor crusher failure and damage that was discovered in the SAG mill girth gear that limited mill operations below its full capacity in 2023. The conveyor was rebuilt and fully commissioned in the third quarter of 2023, and the SAG mill girth gear was replaced in the second quarter of 2024. Depreciation and amortization per gold ounce decreased 13% primarily due to higher gold ounces sold, partially offset by higher depreciation rates as a result of higher gold ounces mined and asset additions. All-in sustaining costs per gold ounce decreased 12% primarily due to lower sustaining capital spend and lower Costs applicable to sales per gold ounce.

NGM, U.S. Attributable gold production decreased 11% due to lower ore grade milled at Carlin and Cortez, lower leach pad production at Cortez, partially offset by higher mill throughput at Carlin and Cortez. Costs applicable to sales per gold ounce increased 14% primarily due to lower gold ounces sold at Cortez, Carlin and Turquoise Ridge, higher contracted services and maintenance costs at Cortez and Turquoise Ridge, and higher inventory write-downs at Cortez in the current year, partially offset by lower inventory write-downs at Carlin in the current year. Depreciation and amortization per gold ounce increased 7% primarily due to lower gold ounces sold at Cortez, Carlin and Turquoise Ridge. All-in sustaining costs per gold ounce increased 15% primarily due to higher costs applicable to sales per gold ounce and higher sustaining capital spend at Carlin, partially offset by lower sustaining capital spend at Cortez.

CC&V, U.S. Gold production decreased 15% primarily due to lower leach pad production as a result of lower ore tonnes mined. Costs applicable to sales per gold ounce increased 20% primarily due to lower gold ounces sold. Depreciation and amortization per gold ounce decreased 34% primarily due to cessation of depreciation and amortization as a result of classifying the asset as held for sale. All-in sustaining costs per gold ounce were generally in line with the prior year.

Musselwhite, Canada. Gold production increased 18% primarily due to higher ore grade milled. Costs applicable to sales per gold ounce decreased 12% primarily due to higher gold ounces sold. Depreciation and amortization per gold ounce decreased 81% primarily due to cessation of depreciation and amortization as a result of classifying the asset as held for sale. All-in sustaining costs per gold ounce decreased 16% primarily due to lower costs applicable to sales per gold ounce and lower sustaining capital spend.

Porcupine, Canada. Gold production increased 9% primarily due to higher ore grade milled and higher mill recovery. Costs applicable to sales per gold ounce decreased 6% primarily due to higher gold ounces sold. Depreciation and amortization per gold ounce decreased 72% primarily due to cessation of depreciation and amortization as a result of classifying the asset as held for sale. All-in sustaining costs per gold ounce decreased 9% primarily due to lower costs applicable to sales per gold ounce and lower reclamation and exploration spend.

Éléonore, Canada. Gold production was generally in line with prior year. Costs applicable to sales per gold ounce increased 6% primarily due to higher contracted services costs, higher labor costs, and higher materials costs. Depreciation and amortization per gold ounce decreased 80% primarily due to cessation of depreciation and amortization as a result of classifying the asset as held for sale. All-in sustaining costs per gold ounce were generally in line with prior year.

Akyem, Ghana. Gold production decreased 31% primarily due to lower ore grade milled, partially offset by higher mill throughput. Costs applicable to sales per gold ounce increased 71% primarily due to a drawdown of stockpile inventory, higher third-party royalties, and lower gold ounces sold. Depreciation and amortization per gold ounce decreased 34% primarily due to cessation of depreciation and amortization as a result of classifying the asset as held for sale. All-in sustaining costs per gold ounce increased 50% primarily due to higher costs applicable to sales per gold ounce, partially offset by lower reclamation spend and lower sustaining capital spend.

Pueblo Viejo, Dominican Republic. Attributable gold production increased 5% primarily due to higher mill throughput, partially offset by lower mill recovery and a buildup of in-circuit inventory compared to a drawdown in the prior year. Refer to Note 15 of the Consolidated Financial Statements for further discussion of our equity method investments.

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Foreign Currency Exchange Rates

Our foreign operations sell their gold, copper, silver, lead, and zinc production based on USD metal prices. Therefore, fluctuations in foreign currency exchange rates do not have a material impact on our revenue. Despite selling gold and silver in London, we have no exposure to the euro or the British pound.

Foreign currency exchange rates can increase or decrease profits to the extent costs are paid in foreign currencies. In 2024, approximately 58% of Costs applicable to sales were paid in currencies other than the U.S. dollar as follows:

	Year Ended<br>December 31, 2024
Australian Dollar	26	%
Canadian Dollar	15	%
Mexican Peso	6	%
Papua New Guinean Kina	4	%
Argentine Peso	3	%
Surinamese Dollar	3	%
Peruvian Sol	1	%
Ghanaian Cedi	—	%

Variations in the local currency exchange rates in relation to the USD at our foreign mining operations decreased Costs applicable to sales at sites held prior to the Newcrest transaction by $122 per gold ounce during the year ended December 31, 2024, respectively, compared to the same period in 2023. The decrease was primarily due to significant currency devaluation in Argentina that occurred starting in the fourth quarter of 2023. Excluding the impact of the Argentine peso devaluation, Costs applicable to sales at sites held prior to the Newcrest transaction decreased by $5 per gold ounce during the year ended December 31, 2024 compared to the same period in 2023, resulting from variations in the local currency exchange rates in relation to the USD at our other foreign mining operations.

Variations in the local currency exchange rates in relation to the USD at our foreign mining operations decreased Costs applicable to sales per gold equivalent ounce at sites held prior to the Newcrest transaction by $12, primarily in Mexico, during the year ended December 31, 2024 compared to the same periods in 2023.

At December 31, 2024, the Company held AUD- and CAD-denominated fixed forward contracts to mitigate variability in the USD functional cash flows related to the AUD- and CAD-denominated operating expenditures to be incurred between October 2024 and December 2025 at certain sites, respectively. The unrealized changes in fair value for the fixed forward contracts are recorded in Accumulated other comprehensive income (loss) and will be reclassified to earnings through Costs applicable to sales beginning October 2024. Refer to Note 14 of the Consolidated Financial Statements for further information on our hedging instruments.

Hyperinflationary Economies

Hyperinflationary economies are defined by the International Monetary Fund as economies in which the projected three-year cumulative inflation exceeds 100%. For the year ended December 31, 2024, hyperinflationary economies in which the Company held operations included Ghana, Argentina, and Suriname.

Ghana. Our Ahafo and Akyem mines are located in Ghana and are USD functional currency entities. In 2021, the Bank of Ghana created a gold purchase program in the effort to stabilize the local currency and build up gold reserves through domestic gold purchases conducted in local currency at prevailing market rates. As the gold purchase program was voluntary, there was no significant impact to Ahafo. The majority of Ahafo’s activity has historically been denominated in USD; as a result, the devaluation of the Ghanaian cedi has resulted in an immaterial impact on our financial statements. Therefore, future devaluation of the Ghanaian cedi is not expected to have a material impact on our financial statements.

Argentina. Our Cerro Negro mine is located in Argentina and is a USD functional currency entity. Beginning in 2020, Argentina’s central bank enacted a number of foreign currency controls in an effort to stabilize the local currency, including requiring the Company to convert USD proceeds from metal sales to local currency within 60 days from shipment date or 20 business days from receipt of cash, whichever happens first, as well as restricting payments to foreign-related entities denominated in foreign currency, such as dividends or distributions to the parent and related companies and royalties and other payments to foreign beneficiaries. These restrictions directly impact Cerro Negro's ability to repay intercompany debt to the Company. In the third quarter of 2024, certain restrictions were lifted or modified, allowing companies to repay intercompany debt in certain circumstances. We continue to monitor the foreign currency exposure risk and the evolution of limitations of repatriating cash to the U.S. Currently, these currency controls are not expected to have a material impact on our financial statements.

Suriname. Our Merian mine is located in Suriname and is a USD functional currency entity. In 2021, the Central Bank took steps to stabilize the local currency, while the government introduced new legislation to narrow the gap between government revenues

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and spending. The measures to increase government revenue mainly consist of tax increases; however, Newmont and the Republic of Suriname have a Mineral Agreement in place that supersedes such measures. The Central Bank of Suriname adopted a controlled floating rate system, which resulted in a concurrent devaluation of the Surinamese dollar. The majority of Merian’s activity has historically been denominated in USD; as a result, the devaluation of the Surinamese dollar has resulted in an immaterial impact on our financial statements. Therefore, future devaluation of the Surinamese dollar is not expected to have a material impact on our financial statements.

Liquidity and Capital Resources

Liquidity Overview

We have a disciplined capital allocation strategy of maintaining financial flexibility to execute our capital priorities and generate long-term value for our stockholders. Consistent with that strategy, we aim to self-fund development projects and make strategic partnerships focused on profitable growth, while reducing our debt and returning cash to stockholders through dividends and share repurchases.

The Company continues to experience the impacts from geopolitical and macroeconomic pressures. With the resulting volatile environment, we continue to monitor inflationary conditions, the effects of certain countermeasures taken by central banks, and the potential for further supply chain disruptions, as well as an uncertain and evolving labor market. Depending on the duration and extent of the impact of these events, or changes in commodity prices, the prices for gold and other metals, and foreign exchange rates, we could continue to experience volatility; transportation industry disruptions could continue, including limitations on shipping produced metals; our supply chain could continue to experience disruption; cost inflation rates could further increase; or we could incur credit related losses of certain financial assets, which could materially impact our results of operations, cash flows and financial condition.

As of December 31, 2024, we believe our available liquidity allows us to manage the short- and, possibly, long-term material adverse impacts of these events on our business. Refer to Note 2 to the Consolidated Financial Statements for further discussion on risks and uncertainties.

At December 31, 2024, the Company had $3,664 in Cash and cash equivalents, of which $3,619 was included in Cash and cash equivalents and $45 was included in Assets held for sale related to certain non-core assets that were classified as held for sale in the first quarter of 2024. The majority of our cash and cash equivalents are invested in a variety of highly liquid and low-risk investments with original maturities of three months or less that are available to fund our operations as necessary. We may have investments in prime money market funds that are classified as cash and cash equivalents; however, we continually monitor the need for reclassification under the SEC requirements for money market funds, and the potential that the shares of such funds could have a net asset value of less than their par value. We believe that our liquidity and capital resources are adequate to fund our operations and corporate activities.

At December 31, 2024, $1,970 of Cash and cash equivalents was held in foreign subsidiaries and is primarily held in USD denominated accounts with the remainder in foreign currencies readily convertible to USD. Cash and cash equivalents denominated in Argentine peso are subject to regulatory restrictions. Refer to Foreign Currency Exchange Rates above for further information. At December 31, 2024, $1,655 in consolidated cash and cash equivalents was held at certain foreign subsidiaries that, if repatriated, may be subject to withholding taxes. We expect that there would be no additional tax burden upon repatriation after considering the cash cost associated with any potential withholding taxes.

We believe our existing consolidated Cash and cash equivalents, available capacity on our revolving credit facility, and cash generated from continuing operations will be adequate to satisfy working capital needs, fund future growth, meet debt obligations and meet other liquidity requirements for the foreseeable future. At December 31, 2024, our borrowing capacity on our revolving credit facility was $4,000 and we had no borrowings outstanding. We continue to remain compliant with covenants and do not currently anticipate any events or circumstances that would impact our ability to access funds available on this facility. Refer to Note 20 to the Consolidated Financial Statements for further information on our Debt.

Our financial position was as follows:

	At December 31,<br>2024		At December 31,<br>2023
Cash and cash equivalents	$	3,619	$	3,002
Cash and cash equivalents included in assets held for sale (1)	45		—
Available borrowing capacity on revolving credit facilities (2)	4,000		3,077
Total liquidity	$	7,664	$	6,079
Net debt (3)	$	5,308	$	6,434

____________________________

(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. Refer to Note 3 to the Consolidated Financial Statements for additional information.

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(2)In connection with the Newcrest transaction, the Company acquired bilateral bank facilities that were repaid in full in the first quarter of 2024. Additionally, the revolving credit facility was amended in February 2024 to increase the available borrowing capacity to $4,000. Refer to Note 20 to the Consolidated Financial Statements for further information.

(3)Net debt is a non-GAAP financial measure used by management to evaluate financial flexibility and strength of the Company's balance sheet. Refer to Non-GAAP Financial Measures below.

Cash Flows

	At December 31,<br>2024		At December 31,<br>2023
Net cash provided by (used in) operating activities of continuing operations	$	6,318	$	2,754
Net cash provided by (used in) investing activities of continuing operations	$	(2,855)	$	(1,002)
Net cash provided by (used in) financing activities	$	(2,953)	$	(1,603)

Net cash provided by (used in) operating activities of continuing operations was $6,318 in 2024, an increase in cash provided of $3,564 from the year ended December 31, 2023, primarily due to the impact of sites acquired in the Newcrest transaction, which contributed $1,562 of cash provided by operating activities. Excluding the impact of the sites acquired in the Newcrest transaction, the increase in cash provided was primarily due to an increase in Sales resulting from the reduction of sales in 2023 as a result of the Peñasquito labor strike and higher average realized gold prices in 2024. These inflows were partially offset by an increase in accounts receivable due to the timing of sales and shipments, and a payment of $291 made in the first quarter for stamp duty tax related to the Newcrest transaction. Refer to Consolidated Financial Results, above, for more information on our Sales.

Net cash provided by (used in) investing activities of continuing operations was $(2,855) in 2024, an increase in cash used of $1,853 from the year ended December 31, 2023, primarily due to lower net maturities of time deposits, higher capital expenditures in 2024, and cash acquired as a result of the Newcrest transaction in 2023, partially offset by the proceeds from the sale of the assets of Telfer in the fourth quarter of 2024. Refer to Note 3 to the Consolidated Financial Statements for further information on the Telfer sale.

Net cash provided by (used in) financing activities was $(2,953) in 2024, an increase in cash used of $1,350 from the year ended December 31, 2023, primarily due to partial redemptions of certain senior notes and repurchases of common stock, partially offset by proceeds received from the issuance of debt and lower dividend payments in 2024. Refer to Note 20 to the Consolidated Financial Statements for additional information on our Debt transactions.

Capital Resources

In February 2025, the Board declared a dividend of $0.25 per share. The declaration and payment of future dividends remains at the full discretion of the Board and will depend on the Company’s financial results, cash requirements, future prospects and other factors deemed relevant by the Board.

In February 2024, the Board of Directors authorized a stock repurchase program to repurchase shares of outstanding common stock to provide returns to stockholders, provided that the aggregate value of shares of common stock repurchased under the new program does not exceed $1 billion. The program will expire after 24 months (in February 2026). In October 2024, the Board of Directors authorized an additional $2 billion stock repurchase program to repurchase shares of outstanding common stock. The program will expire after 24 months (in October 2026). The programs will be executed at the Company’s discretion, utilizing open market repurchases to occur from time to time throughout the authorization period. The repurchase programs may be discontinued at any time, and the programs do not obligate the Company to acquire any specific number of shares of its common stock or to repurchase the full authorized amount during the authorization period. Consequently, the Board of Directors may revise or terminate such share repurchase authorization in the future. For the year ended December 31, 2024, we executed and settled trades totaling $1,246 of common stock repurchases under the previously authorized program.

Capital Expenditures

Cash generated from operations is used to execute our capital priorities, which include sustaining and developing our global portfolio of long-lived assets. Our near-term development capital projects include Tanami Expansion 2, Ahafo North, and Cadia Panel Caves.

These projects are being funded from existing liquidity and will continue to be funded from future operating cash flows. Capital costs are estimated to be between $1,700 and $1,800 for Tanami Expansion 2 with an expected commercial production date in the second half of 2027. Capital costs are estimated to be between $950 and $1,050 for Ahafo North with an expected commercial production date in late 2025. Capital costs are estimated to be between $1,000 and $1,200 for the PC2-3 Cadia Panel Caves project with development capital costs expected to continue until the second half of 2026.

We consider sustaining capital as those capital expenditures that are necessary to maintain current production and execute the current mine plan. Capital expenditures to develop new operations or related to projects at existing operations, where these projects will enhance production or reserves, are considered non-sustaining or development capital. The Company’s decision to

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reprioritize, sell or abandon a development project, which may include returning mining concessions to host governments, could result in a future impairment charge.

The Company continues to evaluate strategic priorities and deployment of capital to projects in the pipeline to ensure we execute on our capital priorities and provide long-term value to stockholders. Included in the Company's continuous evaluation is consideration of current market opportunities or pressures. In response, the Company has chosen to continue deferring the investment decision for the Yanacocha Sulfides project. With the delay of the Yanacocha Sulfides project, management will focus its efforts on optimizing its allocation of funds to current operations and other capital commitments, while also assessing execution options and project plans options, up to and including transitioning Yanacocha operations into full closure. Refer to Note 2 to the Consolidated Financial Statements for further discussion. Additionally, the Company has decided to reprioritize capital at Cerro Negro, shifting focus from ongoing underground mine life extension initiatives to surface infrastructure projects at Cerro Negro and other opportunities within its portfolio.

For the years ended December 31, 2024, 2023, and 2022 we had Additions to property, plant and mine development as follows:

	2024						2023						2022
	Development Projects		Sustaining Capital		Total		Development Projects		Sustaining Capital		Total		Development Projects		Sustaining Capital		Total
Brucejack (1)	$	3	$	67	$	70	$	1	$	21	$	22	$	—	$	—	$	—
Red Chris (1)	90		60		150		16		9		25		—		—		—
Peñasquito	—		129		129		—		113		113		14		169		183
Merian	—		81		81		—		84		84		—		56		56
Cerro Negro	125		61		186		107		55		162		78		54		132
Yanacocha	39		22		61		288		24		312		416		23		439
Boddington	—		129		129		—		164		164		6		66		72
Tanami	321		116		437		291		122		413		230		113		343
Cadia (1)	246		291		537		42		33		75		—		—		—
Lihir (1)	89		104		193		2		51		53		—		—		—
Ahafo	274		108		382		176		134		310		180		88		268
NGM	97		351		448		138		334		472		78		230		308
Corporate and Other	—		22		22		8		43		51		15		30		45
Held for sale (2)
CC&V	—		26		26		—		64		64		—		44		44
Musselwhite	—		97		97		—		104		104		1		53		54
Porcupine	122		79		201		98		68		166		103		49		152
Éléonore	—		100		100		—		106		106		6		54		60
Akyem	1		23		24		3		37		40		4		30		34
Divested (3)
Telfer (1)	12		39		51		1		8		9		—		—		—
Accrual basis	$	1,419	$	1,905	$	3,324	$	1,171	$	1,574	$	2,745	$	1,131	$	1,059	$	2,190
Decrease (increase) in non-cash adjustments					78						(79)						(59)
Cash basis					$	3,402					$	2,666					$	2,131

____________________________

(1)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information.

(2)Sites are classified as held for sale as of December 31, 2024. Refer to Note 3 to the Consolidated Financial Statements for further discussion of our assets and liabilities held for sale.

(3)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 to the Consolidated Financial Statements for further information.

For the year ended December 31, 2024, development projects primarily included Red Chris Block Caves, Pamour at Porcupine, Cerro Negro expansions projects, Yanacocha Sulfides, Tanami Expansion 2, Cadia Panel Caves, Phase 14A Wall construction at Lihir, Ahafo North, and the Goldrush Complex at NGM. Development capital costs (excluding capitalized interest) on our Tanami Expansion 2, Ahafo North, and Cadia Panel Caves projects since approval were $1,020, $616, and $248, respectively, of which $268, $241, and $212 related to the year ended December 31, 2024, respectively.

For the year ended December 31, 2023, development projects included Pamour at Porcupine, Cerro Negro expansion projects, Yanacocha Sulfides, Tanami Expansion 2, Cadia Panel Caves, Ahafo North, and the TS Solar Plant and Goldrush Complex at NGM.

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For the year ended December 31, 2022, development projects included Pamour at Porcupine, Yanacocha Sulfides, Cerro Negro expansion projects, Tanami Expansion 2 and Power Generation Civil Upgrade at Tanami, Ahafo North and Subika Mining Method Change at Ahafo, and Goldrush Complex and Turquoise Ridge 3rd Shaft at NGM.

The Company will from time to time enter into hedging relationships to mitigate variability in development capital spend denominated in foreign currency. In June 2024, the Company entered into A$1,126 of AUD-denominated fixed forward contracts, designated as foreign currency cash flow hedges, to mitigate variability in the USD functional cash flows related to the AUD-denominated capital expenditures expected to be incurred between October 2024 and December 2025, related to the construction and development phase of the Tanami Expansion 2, Cadia Panel Caves, and Cadia Tailings projects. The capital expenditures hedged for the Tanami Expansion 2 project under these fixed forward contracts will be for spend not covered by the A$574 hedges entered into in October 2022. In October 2022, the Company entered into A$574 of AUD-denominated fixed forward contracts, designated as foreign currency cash flow hedges, to mitigate variability in the USD functional cash flows related to the AUD-denominated capital expenditures expected to be incurred in 2023 and 2024 during the construction and development phase of the Tanami Expansion 2 project. Refer to Note 14 to the Consolidated Financial Statements for further information.

For the years ended December 31, 2024, 2023, and 2022, sustaining capital includes capital expenditures such as tailings facility construction, underground and surface mine development, capital component purchases, mining equipment, reserves drilling conversion, and infrastructure improvements. Additionally, for the year ended December 31, 2023, sustaining capital included haul truck purchases for the Autonomous Haulage System at Boddington. The Company currently expects to incur higher annual sustaining capital spend over the next few years at our ongoing operations, excluding those operations that are designated as held for sale, relative to historical amounts as we continue to advance the critical tailings work at Cadia and strengthen operating efficiency across our portfolio.

For the years ended December 31, 2024, 2023, and 2022, drilling and related costs capitalized and included in mine development costs were as follows:

	Year Ended December 31,
	2024		2023		2022
Tanami	$	61	$	65	$	60
NGM	19		33		27
Ahafo	14		5		9
Merian	4		1		5
Éléonore (1)	2		3		6
Musselwhite (1)	1		3		4
Cerro Negro	—		13		23
Porcupine (1)	—		4		7
Akyem (1)	—		2		—
Peñasquito	—		1		—
Yanacocha	—		—		3
	$	101	$	130	$	144

____________________________

(1)Sites are classified as held for sale as of December 31, 2024. Refer to Note 3 to the Consolidated Financial Statements for further discussion of our assets and liabilities held for sale.

During 2024, 2023, and 2022, $74, $69, and $11, respectively, of pre-stripping costs were capitalized and included in mine development costs.

Refer to Note 4 to our Consolidated Financial Statements and Non-GAAP Financial Measures, "All-In Sustaining Costs", below, for further information.

Debt

Debt and Corporate Revolving Credit Facilities. The Company from time to time will redeem its outstanding senior notes ahead of their scheduled maturity dates utilizing Cash and cash equivalents. Additionally, depending upon market conditions and strategic considerations, we may choose to refinance debt in the capital markets.

At December 31, 2024, our future debt maturities of $8,791 of which $928 has been classified as current based on intent to redeem in the next 12 months. We generally expect to be able to fund maturities of debt from Net cash provided by (used in) operating activities, existing cash balances and available credit facilities.

In connection with the Newcrest transaction, the Company acquired bilateral bank debt facilities held with 13 banks. The bilateral bank debt facilities had a total borrowing capacity of $2,000, of which $1,923 was outstanding at December 31, 2023, and

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$462 due February 7, 2024, $769 due March 1, 2024, and $692 due March 1, 2026. On February 7, 2024, the Company repaid $462 of the amount outstanding.

On February 15, 2024, the Company completed an amendment and restatement of its existing $3,000 revolving credit agreement dated as of April 4, 2019 (the “Existing Credit Agreement”). The Existing Credit Agreement was entered into with a syndicate of financial institutions and provided for borrowings in U.S. dollars and contained a letter of credit sub-facility. Per the amendment, the expiration date of the credit facility was extended from March 30, 2026 to February 15, 2029 and the borrowing capacity was increased to $4,000. Interest is based on Term SOFR plus a credit spread adjustment and margin.

On February 20, 2024, the Company completed a drawdown on the $4,000 revolving credit agreement and used the proceeds thereof to repay the remaining $1,461 owed on the remaining bilateral bank debt facilities.

In March 2024, we issued $2,000 of unsecured Senior Notes comprised of $1,000 due March 30, 2026 (“2026 Senior Notes”) and $1,000 due March 30, 2034 ("2034 Senior Notes"). Net proceeds from the 2026 and 2034 Senior Notes were $1,980, which were used to fully repay the drawdown on the revolving credit facility. Interest will be paid semi-annually at a rate of 5.30% and 5.35% per annum for the 2026 and the 2034 Senior Notes, respectively.

In 2024, the Company redeemed an aggregate amount of $483 of certain Senior Notes, resulting in a gain on extinguishment of $38, partially offset by the acceleration of $6 loss from Accumulated other comprehensive income (loss) related to the previously terminated interest rate cash flow hedges, recognized in Other income (loss), net for the year ended December 31, 2024.

In February 2025, the Company fully redeemed all of the outstanding 2026 Senior Notes for a redemption price of $957. The redemption price equaled the principal amount of the outstanding 2026 Senior Notes of $928 plus accrued and unpaid interest of $19 in accordance with the terms of the 2026 Notes, and a make-whole provision of $10.

Refer to Note 20 to the Consolidated Financial Statements for more information.

Debt Covenants

Our senior notes and revolving credit facilities contain various covenants and default provisions including payment defaults, limitation on liens, leases, sales and leaseback agreements and merger restrictions. Furthermore, our senior notes and corporate revolving credit facility contain covenants that include, limiting the sale of all or substantially all of our assets, certain change of control provisions and a negative pledge on certain assets.

The corporate revolving credit facility contains a financial ratio covenant requiring us to maintain a net debt (total debt net of Cash and cash equivalents) to total capitalization ratio of less than or equal to 62.50% in addition to the covenants noted above.

At December 31, 2024, we were in compliance with all existing debt covenants and provisions related to potential defaults.

Letters of Credit and Other Guarantees

We have off-balance sheet arrangements of $2,086 of outstanding surety bonds, bank letters of credit and bank guarantees (refer to Note 25 to the Consolidated Financial Statements). At December 31, 2024, none of the $4,000 corporate revolving credit facility was used to secure the issuance of letters of credit. Refer to Note 20 to the Consolidated Financial Statements for additional information.

Co-Issuer and Supplemental Guarantor Information

The Company filed a shelf registration statement with the SEC on Form S-3 under the Securities Act, of 1933, as amended, which enables us to issue an indeterminate number or amount of common stock, preferred stock, depository shares, debt securities, guarantees of debt securities, warrants and units (the “Shelf Registration Statement”). Under the Shelf Registration Statement, our debt securities may be guaranteed by Newmont USA Limited (“Newmont USA”), one of our consolidated subsidiaries.

Newmont and Newcrest Finance, as issuers, and Newmont USA, as guarantor, are collectively referred to herein as the "Obligor Group".

These guarantees are full and unconditional, and none of our other subsidiaries guarantee any security issued and outstanding. The cash provided by operations of the Obligor Group, and all of its subsidiaries, is available to satisfy debt repayments as they become due, and there are no material restrictions on the ability of the Obligor Group to obtain funds from subsidiaries by dividend, loan, or otherwise, except to the extent of any rights, noncontrolling interests, foreign currency or regulatory restrictions limiting repatriation of cash. Net assets attributable to noncontrolling interests were $181 at December 31, 2024. All noncontrolling interests relate to non-guarantor subsidiaries.

Newmont and Newmont USA are primarily holding companies with no material operations, sources of income or assets other than equity interest in their subsidiaries and intercompany receivables or payables. Newcrest Finance is a finance subsidiary with no material assets or operations other than those related to issued external debt. Newmont USA’s primary investments are comprised of

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its 38.5% interest in NGM. For further information regarding these and our other operations, refer to Note 4 to the Consolidated Financial Statements and Results of Consolidated Operations within Part II, Item 7, MD&A.

In addition to equity interests in subsidiaries, the Obligor Group’s balance sheets consisted primarily of the following intercompany assets, intercompany liabilities, and external debt. The remaining assets and liabilities of the Obligor Group are considered immaterial at December 31, 2024.

	December 31, 2024
	Obligor Group		Newmont USA
Current intercompany assets	$	19,387	$	12,147
Non-current intercompany assets	$	531	$	470
Current intercompany liabilities	$	19,964	$	1,564
Current external debt	$	924	$	—
Non-current external debt	$	7,546	$	—

Newmont USA's subsidiary guarantees (the “subsidiary guarantees”) are general unsecured senior obligations of Newmont USA and rank equal in right of payment to all of Newmont USA's existing and future senior unsecured indebtedness and senior in right of payment to all of Newmont USA's future subordinated indebtedness. The subsidiary guarantees are effectively junior to any secured indebtedness of Newmont USA to the extent of the value of the assets securing such indebtedness.

At December 31, 2024, Newmont USA had approximately $8,470 of consolidated indebtedness (including guaranteed debt), all of which relates to the guarantees of indebtedness of Newmont.

Under the terms of the subsidiary guarantees, holders of Newmont’s securities subject to such subsidiary guarantees will not be required to exercise their remedies against Newmont before they proceed directly against Newmont USA.

Newmont USA will be released and relieved from all its obligations under the subsidiary guarantees in certain specified circumstances, including, but not limited to, the following:

•upon the sale or other disposition (including by way of consolidation or merger), in one transaction or a series of related transactions, of a majority of the total voting power of the capital stock or other interests of Newmont USA (other than to Newmont or any of Newmont’s affiliates);

•upon the sale or disposition of all or substantially all the assets of Newmont USA (other than to Newmont or any of Newmont’s affiliates); or

•upon such time as Newmont USA ceases to guarantee more than $75 aggregate principal amount of Newmont’s debt (at December 31, 2024, Newmont USA guaranteed $600 aggregate principal amount of debt of Newmont that did not contain a similar fall-away provision).

Newmont’s debt securities are effectively junior to any secured indebtedness of Newmont to the extent of the value of the assets securing such indebtedness, and structurally subordinated to all debt and other liabilities of Newmont’s non-guarantor subsidiaries. At December 31, 2024, (i) Newmont’s total consolidated indebtedness was approximately $8,972, none of which was secured (other than $496 of Lease and other financing obligations), and (ii) Newmont’s non-guarantor subsidiaries had $8,867 of total liabilities (including trade payables, but excluding intercompany, external debt, and reclamation and remediation liabilities), which would have been structurally senior to Newmont’s debt securities.

For further information on our debt, refer to Note 20 to the Consolidated Financial Statements.

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Contractual Obligations

Our contractual obligations at December 31, 2024 are summarized as follows:

	Payments Due by Period
Contractual Obligations	Total		Current		Non-Current
Debt (1)	$	13,271	$	1,321	$	11,950
Finance lease and other financing obligations (2)	661		117		544
Remediation and reclamation liabilities (3)	11,613		1,042		10,571
Employee-related benefits (4)	974		236		738
Uncertain income tax liabilities and interest (5)	125		—		125
Operating leases and other obligations (6)	99		20		79
Minimum royalty payments (7)	61		48		13
Purchase obligations (8)	1,233		441		792
Other (9)	517		223		294
	$	28,554	$	3,448	$	25,106

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(1)Debt includes principal of $8,791 on Senior Notes and estimated interest payments of $4,480 on Senior Notes, assuming no early extinguishment.

(2)Finance lease and other financing obligations includes finance lease payments of $658 and additional payments of $3 for finance leases that have not yet commenced.

(3)Mining operations are subject to extensive environmental regulations in the jurisdictions in which they operate. Pursuant to environmental regulations, we are required to close our operations and reclaim and remediate the lands that operations have disturbed. The estimated undiscounted cash outflows of these Reclamation and remediation liabilities are reflected here. For more information regarding reclamation and remediation liabilities, refer to Note 6 to the Consolidated Financial Statements.

(4)Contractual obligations for Employee-related benefits include severance, workers’ participation, pension and other benefit plans. Pension plan and other benefit payments beyond 2034 cannot be reasonably estimated given variable market conditions and actuarial assumptions and are not included.

(5)We are unable to reasonably estimate the timing of our uncertain income tax liabilities and interest payments due to uncertainties in the timing of the effective settlement of tax positions.

(6)Operating lease and other obligations includes operating lease payments of $99 and additional payments of $— for operating leases that have not yet commenced.

(7)Minimum royalty payments are related to continuing operations and are presented net of recoverable amounts.

(8)Purchase obligations are not recorded in the Consolidated Financial Statements. Purchase obligations represent contractual obligations for purchase of power, materials and supplies, consumables, inventories and capital projects.

(9)Other includes service contracts and other obligations not recorded in our Consolidated Financial Statements, as well as the obligation related to the funding of Barrick's portion of pre-feasibility costs associated with Norte Abierto deferred payment obligations accrued in Other current liabilities and Other non-current liabilities.

Environmental

Our mining and exploration activities are subject to various federal and state laws and regulations governing the protection of the environment. We have made, and expect to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures. We perform a comprehensive review of our reclamation and remediation liabilities annually and review changes in facts and circumstances associated with these obligations at least quarterly. Newmont is committed to the implementation of the GISTM and the disclosure of implementation status for tailings facilities by August 2025. Conformance with the GISTM is on-going and has and may continue to result in further increases to our estimated sustaining costs and closure costs for existing operations and non-operating sites. Additionally, laws, regulations and permit requirements focused on water management and discharge requirements for operations and water treatment in connection with closure are becoming increasingly stringent. Compliance with water management and discharge quality remains dynamic and has and may continue to result in further increases to our estimated closure costs.

At December 31, 2024 and 2023, $7,015 and $8,385, respectively, were accrued for reclamation costs relating to currently or recently producing or development stage mineral properties, of which $928 and $558, respectively, were classified as current liabilities.

In addition, we are involved in several matters concerning environmental obligations associated with former, primarily historical, mining activities. Based upon our best estimate of our liability for these matters, $370 and $401 were accrued for such obligations at December 31, 2024 and 2023, respectively, of which $63 and $61, respectively, were classified as current liabilities. We spent $82, $44, and $56 during 2024, 2023, and 2022, respectively, for environmental obligations related to the former mining activities.

Reclamation and remediation adjustments during 2024 primarily related to decrease spend at portions of the Yanacocha site that are no longer in production and with no expected substantive economic value (i.e., non-operating) as a result of updated cost estimates. Newmont anticipates spending an average of $600 annually over the next two years on water treatment plants at

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Yanacocha, with expenditures expected to decline starting in 2027 upon project completion and in line with the regulatory compliance commitment. Yanacocha’s ongoing closure planning studies continue to address several complex closure issues, including water management, social impacts and tailings. The long-term water management solution under construction at Yanacocha will replace five existing water treatment facilities with two, addressing the watersheds along the continental divide.

Reclamation and remediation adjustments during 2023 primarily related to (i) increased water management costs at portions of our Yanacocha and Porcupine site operations that are non-operating (ii) increased costs due to closure plan design changes at our Porcupine site operations (iii) higher waste disposal costs and project execution delays at the Midnite mine and Dawn mill sites and (iv) higher estimated closure costs due to cost inflation.

During the year ended December 31, 2024, 2023, and 2022, capital expenditures were approximately $35, $41, and $29, respectively, to comply with environmental regulations.

Our sustainability strategy is a foundational element in achieving our purpose to create value and improve lives through sustainable and responsible mining. Sustainability and safety are integrated into the business at all levels of the organization through our global policies, standards, strategies, business plans and remuneration plans. For more information on the Company’s reclamation and remediation liabilities, refer to Notes 6 and 25 to the Consolidated Financial Statements. For discussion of regulatory, tailings, water, climate and other environmental risks, refer to Part I, Item 1A. Risk Factors, for additional information.

Forward-Looking Statements

The foregoing discussion and analysis, as well as certain information contained elsewhere in this Annual Report, contain “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, and are intended to be covered by the safe harbor created thereby. For a more detailed discussion of risks and other factors that might impact forward-looking statements and other important information about forward-looking statements, refer to the discussion in Forward-Looking Statements in Part I, Item 1, Business and Part I, Item 1A, Risk Factors.

Non-GAAP Financial Measures

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. Unless otherwise noted, we present the non-GAAP financial measures of our continuing operations in the tables below. For additional information regarding our discontinued operations, refer to Note 1 to the Consolidated Financial Statements.

Earnings before interest, taxes and depreciation and amortization and Adjusted earnings before interest, taxes and depreciation and amortization

Management uses earnings before interest, taxes and depreciation and amortization (“EBITDA”) and EBITDA adjusted for non-core or certain items that have a disproportionate impact on our results for a particular period (“Adjusted EBITDA”) as non-GAAP measures to evaluate the Company’s operating performance. EBITDA and Adjusted EBITDA do 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 do not necessarily indicate whether cash flows will be sufficient to fund cash needs. Although 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 Adjusted EBITDA is not necessarily comparable to such other similarly titled captions of other companies. The Company believes that 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 Adjusted EBITDA are 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 EBITDA and Adjusted EBITDA as follows:

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	Year Ended December 31,
	2024		2023		2022
Net income (loss) attributable to Newmont stockholders	$	3,348	$	(2,494)	$	(429)
Net income (loss) attributable to noncontrolling interests	33		27		60
Net (income) loss from discontinued operations (1)	(68)		(27)		(30)
Equity loss (income) of affiliates	(133)		(63)		(107)
Income and mining tax expense (benefit)	1,397		526		455
Depreciation and amortization	2,576		2,108		2,185
Interest expense, net of capitalized interest	375		243		227
EBITDA	$	7,528	$	320	$	2,361
Adjustments:
Loss on assets held for sale (2)	$	1,114	$	—	$	—
Impairment charges (3)	78		1,891		1,320
Newcrest transaction and integration costs (4)	72		464		—
Reclamation and remediation charges (5)	(71)		1,260		713
Change in fair value of investments and options (6)	(62)		47		46
Settlement costs (7)	44		7		22
Restructuring and severance (8)	38		24		4
(Gain) loss on asset and investment sales (9)	(35)		197		(35)
Gain on debt extinguishment (10)	(32)		—		—
Pension settlements (11)	1		9		137
COVID-19 specific costs (12)	—		1		3
Other (13)	—		(5)		(21)
Adjusted EBITDA	$	8,675	$	4,215	$	4,550

____________________________

(1)For additional information regarding our discontinued operations, refer to Note 1 to our Consolidated Financial Statements.

(2)Loss on assets held for sale, included in Loss on assets held for sale, represents the loss recorded to recognize the six non-core assets and the development project designated as held for sale at the lower of carrying value or fair value in 2024. Refer to Note 3 of the Consolidated Financial Statements for further information.

(3)Impairment charges, included in Impairment charges, represents non-cash write-downs of long-lived assets and goodwill. Refer to Note 7 to our Consolidated Financial Statements for further information.

(4)Newcrest transaction and integration costs, included in Other expense, net, represents costs incurred related to Newmont's acquisition of Newcrest completed in 2023 as well as subsequent integration costs. For the year ended December 31, 2023, these costs primarily include $316 related to the stamp duty tax incurred in connection with the transaction.

(5)Reclamation and remediation charges, included in Reclamation and remediation, represents revisions to the reclamation and remediation plans and cost estimates at the Company’s former operating properties and historic mining operations that have entered the closure phase and have no substantive future economic value. For additional information, refer to Note 6 in the Consolidated Financial Statements.

(6)Change in fair value of investments and options, included in Other income (loss), net, primarily represents unrealized gains and losses related to the Company's investments in current and non-current marketable and other equity securities. For additional information regarding our investments, refer to Note 15 to our Consolidated Financial Statements.

(7)Settlement costs, included in Other expense, net, primarily represents wind-down and demobilization costs related to the French Guiana project in 2024; costs related to additional employee related accruals as a result of the Australian Fair Work legislation in 2023; and a legal settlement and a voluntary contribution made to support humanitarian efforts in Ukraine in 2022.

(8)Restructuring and severance, included in Other expense, net, primarily represents severance and related costs associated with significant organizational and operating model changes implemented by the Company for all periods presented.

(9)(Gain) loss on asset and investment sales, included in Other income (loss), net, primarily represents the loss on the abandonment of the near-pit sizing and conveying system at Peñasquito, partially offset by the gain recognized on the sale of the Streaming Credit Facility Agreement ("SCFA") in 2024; the impairment loss on the abandonment of the pyrite leach plant at Peñasquito offset by the net gain recognized on the exchange of Maverix shares and warrants to Triple flag and the subsequent sale of Triple Flag shares in 2023; and gains recognized on the sale of the investment in Minera Agua Rica Alumbrera Limited ("MARA"), on disposal of trucks at Boddington, and the sale of royalty interests at NGM, partially offset by the loss recognized on the sale of the La Zanja equity method investment in 2022. For additional information, refer to Note 9 to our Consolidated Financial Statements.

(10)Gain on debt extinguishment, included in Other income (loss), net, primarily represents the net gain on the partial redemption of certain Senior Notes and losses on the debt tender offer and subsequent extinguishment of the 2023 Newmont Senior Notes in 2024. Refer to Note 20 to our Consolidated Financial Statements.

(11)Pension settlements, included in Other income (loss), net, primarily represents pension settlement charges related to lump sum payments to participants in 2024, lump sum payments to participants in 2023, and the annuitization of certain defined benefit plans and lump sum payments to participants in 2022. Refer to Note 11 to our Consolidated Financial Statements for further information.

(12)COVID-19 specific costs, included in Other expense, net, primarily includes amounts distributed from Newmont Global Community Support Fund to help host communities, governments and employees combat the COVID-19 pandemic for all periods presented and includes incremental direct costs incurred as a result of actions taken to protect against the impacts of the COVID-19 pandemic. Refer to Note 8 to our Consolidated Financial Statements for further information.

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(13)Other, included in Other income (loss), net, in 2023 represents income received during the first quarter of 2023 on the favorable settlement of certain matters that were outstanding at the time of sale of the related investment in 2022. Amounts related to 2022 are primarily comprised of a reimbursement of certain historical Goldcorp operational expenses related to a legacy project that reached commercial production in the second quarter of 2022 and penalty income from an energy vendor early terminating a contract in 2022.

Adjusted Net Income (Loss)

Management uses Adjusted net income (loss) to evaluate the Company’s operating performance and for planning and forecasting future business operations. The Company believes the use of Adjusted net income (loss) allows investors and analysts to understand the results of the continuing operations of the Company and its direct and indirect subsidiaries relating to the sale of products, by excluding certain items that have a disproportionate impact on our results for a particular period. Adjustments to continuing operations are presented before tax and net of our partners’ noncontrolling interests, when applicable. The tax effect of adjustments is presented in the Tax effect of adjustments line and is calculated using the applicable tax rate. Management’s determination of the components of Adjusted net income (loss) are 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 net income (loss) as follows:

	Year Ended December 31, 2024
			per share data (1)
			basic		diluted
Net income (loss) attributable to Newmont stockholders	$	3,348	$	2.92	$	2.92
Net loss (income) attributable to Newmont stockholders from discontinued operations (2)	(68)		(0.06)		(0.06)
Net income (loss) attributable to Newmont stockholders from continuing operations	3,280		2.86		2.86
Loss on assets held for sale (3)	1,114		0.97		0.97
Impairment charges (4)	78		0.07		0.07
Newcrest transaction and integration costs (5)	72		0.06		0.06
Reclamation and remediation charges (6)	(71)		(0.06)		(0.06)
Change in fair value of investments and options (7)	(62)		(0.05)		(0.05)
Settlement costs (8)	44		0.04		0.04
Restructuring and severance (9)	38		0.03		0.03
(Gain) loss on asset and investment sales (10)	(35)		(0.03)		(0.03)
Gain on debt extinguishment (11)	(32)		(0.03)		(0.03)
Pension settlements (12)	1		—		—
Tax effect of adjustments (13)	(315)		(0.27)		(0.27)
Valuation allowance and other tax adjustments (14)	(121)		(0.11)		(0.11)
Adjusted net income (loss)	$	3,991	$	3.48	$	3.48
Weighted average common shares (millions): (15)			1,146		1,148

____________________________

(1)Per share measures may not recalculate due to rounding.

(2)For additional information regarding our discontinued operations, refer to Note 1 to our Consolidated Financial Statements.

(3)Loss on assets held for sale, included in Loss on assets held for sale, represents the loss recorded to recognize the six non-core assets and the development project designated as held for sale at the lower of carrying value or fair value in 2024. Refer to Note 3 of the Consolidated Financial Statements for further information.

(4)Impairment charges, included in Impairment charges, represents non-cash write-downs of long-lived assets. Refer to Note 7 to our Consolidated Financial Statements for further information.

(5)Newcrest transaction and integration costs, included in Other expense, net, represents costs incurred related to Newmont's acquisition of Newcrest completed in 2023 as well as subsequent integration costs.

(6)Reclamation and remediation charges, net, included in Reclamation and remediation, represents revisions to the reclamation and remediation plans and cost estimates at the Company’s former operating properties and historic mining operations that have entered the closure phase and have no substantive future economic value. Refer to Note 6 to our Consolidated Financial Statements for further information.

(7)Change in fair value of investments and options, included in Other income (loss), net, primarily represents unrealized gains and losses related to the Company's investment in current and non-current marketable and other equity securities. For additional information regarding our investments, refer to Note 15 to our Consolidated Financial Statements.

(8)Settlement costs, included in Other expense, net, primarily represents wind-down and demobilization costs related to the French Guiana project.

(9)Restructuring and severance, included in Other expense, net, primarily represents severance and related costs associated with significant organizational and operating model changes implemented by the Company.

(10)(Gain) loss on asset and investment sales, included in Other income (loss), net, primarily represents the loss on the abandonment of the near-pit sizing and conveying system at Peñasquito, partially offset by the gain recognized on the sale of the Streaming Credit Facility Agreement ("SCFA") in 2024. For additional information, refer to Note 9 to our Consolidated Financial Statements.

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(11)Gain on debt extinguishment, included in Other income (loss), net, primarily represents the net gain on the partial redemption of certain Senior Notes and losses on the debt tender offer and subsequent extinguishment of the 2023 Newmont Senior Note in 2024. Refer to Note 20 to our Consolidated Financial Statements.

(12)Pension settlements, included in Other income (loss), net, primarily represents pension settlement charges related to lump sum payments to participants. Refer to Note 11 to our Consolidated Financial Statements for further information.

(13)The tax effect of adjustments, included in Income and mining tax benefit (expense), represents the tax effect of adjustments in footnotes (3) through (12), as described above, and are calculated using the applicable tax rate.

(14)Valuation allowance and other tax adjustments, included in Income and mining tax benefit (expense), is recorded for items such as foreign tax credits, alternative minimum 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 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 $(302), the effects of changes in foreign exchange rates on deferred tax assets and liabilities of $(30), net reductions to the reserve for uncertain tax positions of $(63), recording of a deferred tax liability for the outside basis difference at Akyem of $49 due to the status change to held for sale, and other tax adjustments of $225.

(15)Adjusted net income (loss) per diluted share is calculated using diluted common shares, which are calculated in accordance with GAAP.

	Year Ended December 31, 2023
			per share data (1)
			basic		diluted
Net income (loss) attributable to Newmont stockholders	$	(2,494)	$	(2.97)	$	(2.97)
Net loss (income) attributable to Newmont stockholders from discontinued operations (2)	(27)		(0.03)		(0.03)
Net income (loss) attributable to Newmont stockholders from continuing operations (3)	(2,521)		(3.00)		(3.00)
Impairment charges, net (4)	1,888		2.25		2.25
Reclamation and remediation charges (5)	1,260		1.50		1.50
Newcrest transaction and integration costs (6)	464		0.56		0.56
(Gain) loss on asset and investment sales (7)	197		0.23		0.23
Change in fair value of investments (8)	47		0.05		0.05
Restructuring and severance (9)	24		0.03		0.03
Pension settlements (10)	9		0.01		0.01
Settlement costs (11)	7		0.01		0.01
COVID-19 specific costs (12)	1		—		—
Other (13)	(5)		—		—
Tax effect of adjustments (14)	(613)		(0.73)		(0.73)
Valuation allowance and other tax adjustments (15)	566		0.66		0.66
Adjusted net income (loss)	$	1,324	$	1.57	$	1.57
Weighted average common shares (millions): (3)			841		841

____________________________

(1)Per share measures may not recalculate due to rounding.

(2)For additional information regarding our discontinued operations, refer to Note 1 to our Consolidated Financial Statements.

(3)Adjusted net income (loss) per diluted share is calculated using diluted common shares, which are calculated in accordance with GAAP. For the year ended December 31, 2023, potentially dilutive shares, which were insignificant, were excluded from the computation of diluted loss per common share attributable to Newmont stockholders in the Consolidated Statement of Operations as they were antidilutive. These shares were included in the computation of adjusted net income per diluted share for the year ended December 31, 2023.

(4)Impairment charges, net, included in Impairment charges represents non-cash write-downs of long-lived assets and goodwill. Refer to Note 7 to our Consolidated Financial Statements for further information. Amount is presented net of pre-tax income (loss) attributable to noncontrolling interests of $(3).

(5)Reclamation and remediation charges, included in Reclamation and remediation, represents revisions to the reclamation and remediation plans and cost estimates at the Company’s former operating properties and historic mining operations that have entered the closure phase and have no substantive future economic value. Refer to Note 6 to our Consolidated Financial Statements for further information.

(6)Newcrest transaction and integration costs, included in Other expense, net, represents costs incurred related to Newmont's acquisition of Newcrest completed in 2023 as well as subsequent integration costs. These costs primarily include $316 in relation to the stamp duty tax incurred in connection with the transaction.

(7)(Gain) loss on asset and investment sales, included in Other income (loss), net, primarily represents the loss on the abandonment of the pyrite leach plant at Peñasquito offset by the net gain recognized on the exchange of Maverix shares and warrants to Triple flag and the subsequent sale of Triple Flag shares. For additional information, refer to Note 9 to our Consolidated Financial Statements.

(8)Change in fair value of investments, included in Other income (loss), net, primarily represents unrealized gains and losses related to the Company's investment in current and non-current marketable and other equity securities. For additional information regarding our investments, refer to Note 15 to our Consolidated Financial Statements.

(10)Pension settlements, included in Other income (loss), net, represents pension settlement charges related to lump sum payments to participants. Refer to Note 11 to our Consolidated Financial Statements for further information.

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(11)Settlement costs, included in Other expense, net, primarily represents costs related to additional employee related accruals as a result of the Australian Fair Work legislation.

(12)COVID-19 specific costs, included in Other expense, net, represents amounts distributed from the Newmont Global Community Fund to help host communities, governments and employees combat the COVID-19 pandemic. Adjusted net income (loss) has not been adjusted for $1 of incremental COVID-19 costs incurred as a result of actions taken to protect against the impacts of the COVID-19 pandemic at our operational sites. Refer to Note 8 to our Consolidated Financial Statements for further information.

(13)Other, included in Other income (loss), net, primarily represents income received during the first quarter of 2023 on the favorable settlement of certain matters that were outstanding at the time of sale of the related investment in 2022.

(14)The tax effect of adjustments, included in Income and mining tax benefit (expense), represents the tax effect of adjustments in footnotes (4) through (13), as described above, and are calculated using the applicable tax rate.

(15)Valuation allowance and other tax adjustments, included in Income and mining tax benefit (expense), is recorded for items such as foreign tax credits, alternative minimum 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 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 $357, the effects of changes in foreign exchange rates on deferred tax assets and liabilities of $(3), net removal to the reserve for uncertain tax positions of $(28), and other tax adjustments of $240.

	Year Ended December 31, 2022
			per share data (1)
			basic		diluted
Net income (loss) attributable to Newmont stockholders	$	(429)	$	(0.54)	$	(0.54)
Net loss (income) attributable to Newmont stockholders from discontinued operations (2)	(30)		(0.04)		(0.04)
Net income (loss) attributable to Newmont stockholders from continuing operations (3)	(459)		(0.58)		(0.58)
Impairment charges (4)	1,320		1.66		1.66
Reclamation and remediation charges (5)	713		0.90		0.90
Pension settlements (6)	137		0.17		0.17
Change in fair value of investments (7)	46		0.06		0.06
Gain on asset and investment sales (8)	(35)		(0.04)		(0.04)
Settlement costs (9)	22		0.03		0.03
Restructuring and severance (10)	4		0.01		0.01
COVID-19 specific costs (11)	3		—		—
Other (12)	(21)		(0.03)		(0.03)
Tax effect of adjustments (13)	(344)		(0.44)		(0.44)
Valuation allowance and other tax adjustments (14)	82		0.11		0.11
Adjusted net income (loss)	$	1,468	$	1.85	$	1.85
Weighted average common shares (millions): (3)			794		795

____________________________

(1)Per share measures may not recalculate due to rounding.

(2)For additional information regarding our discontinued operations, refer to Note 1 to our Consolidated Financial Statements.

(3)Adjusted net income (loss) per diluted share is calculated using diluted common shares, which are calculated in accordance with GAAP. For the year ended December 31, 2022, potentially dilutive shares of 1 million were excluded from the computation of diluted loss per common share attributable to Newmont stockholders in the Consolidated Statement of Operations as they were antidilutive. These shares were included in the computation of adjusted net income per diluted share for the year ended December 31, 2022.

(4)Impairment charges, included in Impairment charges represents non-cash write-downs of long-lived assets and goodwill. Refer to Note 7 to our Consolidated Financial Statements for further information.

(5)Reclamation and remediation charges, included in Reclamation and remediation, represent revisions to reclamation and remediation plans and cost estimates at the Company’s former operating properties and historic mining operations that have entered the closure phase and have no substantive future economic value. Refer to Note 6 to our Consolidated Financial Statements for further information.

(6)Pension settlements, included in Other income (loss), net, represents pension settlement charges related to the annuitization of certain defined benefit plans. Refer to Note 11 to our Consolidated Financial Statements for further information.

(7)Change in fair value of investments, included in Other income (loss), net, primarily represents unrealized gains and losses related to the Company's investment in current and non-current marketable and other equity securities. For additional information regarding our investments, refer to Note 15 to our Consolidated Financial Statements.

(8)(Gain) loss on asset and investment sales, included in Other income (loss), net, primarily represents gains recognized on the sale of the investment in MARA, disposal of trucks at Boddington, and the sale of royalty interests at NGM, partially offset by the loss recognized on the sale of the La Zanja equity method investment. For additional information, refer to Note 9 to our Consolidated Financial Statements.

(9)Settlement costs, included in Other expense, net, primarily represents a legal settlement and a voluntary contribution made to support humanitarian efforts in Ukraine.

(10)Restructuring and severance, included in Other expense, net, primarily represents severance and related costs associated with significant organizational and operating model changes implemented by the Company.

(11)COVID-19 specific costs, included in Other expense, net, represents amounts distributed from the Newmont Global Community Fund to help host communities, governments and employees combat the COVID-19 pandemic. Adjusted net income (loss) has not been adjusted for $35 of

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incremental COVID-19 costs incurred as a result of actions taken to protect against the impacts of the COVID-19 pandemic at our operational sites. Refer to Note 8 to our Consolidated Financial Statements for further information.

(12)Other, included Other income (loss), net, primarily represents a $11 reimbursement of certain historical Goldcorp operational expenses related to a legacy project that reached commercial production in the second quarter of 2022 and $7 of penalty income from an energy vendor early terminating a contract in 2022.

(13)The tax effect of adjustments, included in Income and mining tax benefit (expense), represents the tax effect of adjustments in footnotes (4) through (12), as described above, and are calculated using the applicable tax rate.

(14)Valuation allowance and other tax adjustments, included in Income and mining tax benefit (expense), is recorded for items such as foreign tax credits, alternative minimum 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 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 $246, the expiration of U.S. foreign tax credit carryovers of $31, the effects of changes in foreign exchange rates on deferred tax assets and liabilities of $(86), net removal to the reserve for uncertain tax positions of $(8), a tax settlement in Mexico of $(125) and other tax adjustments of $24. Total amount is presented net of income (loss) attributable to noncontrolling interests of $82.

Free Cash Flow

Management uses Free Cash Flow as a non-GAAP measure to analyze cash flows generated from operations. Free Cash Flow is Net cash provided by (used in) operating activities less Net cash provided by (used in) operating activities of discontinued operations less Additions to property, plant and mine development as presented on the Consolidated Statements of Cash Flows. The Company believes Free Cash Flow is also useful as one of the bases for comparing the Company’s performance with its competitors. Although Free Cash Flow and similar measures are frequently used as measures of cash flows generated from operations by other companies, the Company’s calculation of Free Cash Flow is not necessarily comparable to such other similarly titled captions of other companies.

The presentation of non-GAAP Free Cash Flow is not meant to be considered in isolation or as an alternative to net income as an indicator of the Company’s performance, or as an alternative to cash flows from operating activities as a measure of liquidity as those terms are defined by GAAP, and does not necessarily indicate whether cash flows will be sufficient to fund cash needs. The Company’s definition of Free Cash Flow is limited in that it does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations or payments made for business acquisitions. Therefore, the Company believes it is important to view Free Cash Flow as a measure that provides supplemental information to the Company’s Consolidated Statements of Cash Flows.

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.

	Year Ended December 31,
	2024		2023		2022
Net cash provided by (used in) operating activities	$	6,363	$	2,763	$	3,220
Less: Net cash used in (provided by) operating activities of discontinued operations	(45)		(9)		(22)
Net cash provided by (used in) operating activities of continuing operations	6,318		2,754		3,198
Less: Additions to property, plant and mine development	(3,402)		(2,666)		(2,131)
Free Cash Flow	$	2,916	$	88	$	1,067
Net cash provided by (used in) investing activities (1)	$	(2,702)	$	(1,002)	$	(2,983)
Net cash provided by (used in) financing activities	$	(2,953)	$	(1,603)	$	(2,356)

____________________________

(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

Management uses Net Debt to measure the Company’s liquidity and financial position. Net Debt is calculated as Debt and Lease and other financing obligations less Cash and cash equivalents, as presented on the 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 Company believes the use of Net Debt allows investors and others to evaluate financial flexibility and strength of the Company's balance sheet. Net Debt is intended to provide additional information only and does not have any standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for measures of liquidity prepared in accordance with GAAP. Other companies may calculate this measure differently.

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.

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	At December 31, 2024		At December 31, 2023
Debt	$	8,476	$	8,874
Lease and other financing obligations	496		562
Less: Cash and cash equivalents	(3,619)		(3,002)
Less: Cash and cash equivalents included in assets held for sale (1)	(45)		—
Net debt	$	5,308	$	6,434

____________________________

Costs Applicable to Sales per Ounce/Gold Equivalent Ounce

Costs applicable to sales per ounce/gold equivalent ounce are non-GAAP financial measures. These measures 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. We believe that these measures provide additional information to management, investors and others that aids in the understanding of the economics of our operations and performance compared to other producers and provides investors visibility into the direct and indirect costs related to production, excluding depreciation and amortization, on a per ounce/gold equivalent ounce basis. Costs applicable to sales per ounce/gold equivalent ounce statistics are intended to provide additional information only and 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 measures.

	Gold (1)						GEO (2)
	Year Ended December 31,						Year Ended December 31,
	2024		2023		2022		2024		2023		2022
Costs applicable to sales (3)	$	7,364	$	5,689	$	5,423	$	1,599	$	1,010	$	1,045
Gold/GEO sold (thousand ounces) (4)	6,539		5,420		5,812		1,916		896		1,275
Costs applicable to sales per ounce (5)	$	1,126	$	1,050	$	933	$	834	$	1,127	$	819

____________________________

(1)Includes by-product credits of $179, $124, and $109 in 2024, 2023, and 2022, respectively.

(2)Includes by-product credits of $61, $13, and $8 in 2024, 2023, and 2022, respectively.

(3)Excludes Depreciation and amortization and Reclamation and remediation.

(4)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 and 2023, and Gold ($1,200/oz.), Copper ($3.25/lb.), Silver ($23.00/oz.), Lead ($0.95/lb.) and Zinc ($1.15/lb.) pricing for 2022.

(5)Per ounce measures may not recalculate due to rounding.

All-In Sustaining Costs

Current GAAP measures used in the mining industry, such as cost of goods sold, do not capture all of the expenditures incurred to discover, develop and sustain production. Therefore, Newmont calculates All-in sustaining costs (“AISC”) based on the definition published by the World Gold Council. The World Gold Council is a market development organization for the gold industry comprised of and funded by gold mining companies around the world and is a regulatory organization.

AISC is a metric that expands on GAAP measures, such as cost of goods sold, and non-GAAP measures, such as costs applicable to sales per ounce, to provide visibility into the economics of our mining operations related to expenditures, operating performance and the ability to generate cash flow from our continuing operations. We believe that AISC is a non-GAAP measure that provides additional information to management, investors and others that aids in the understanding of the economics of our operations and performance compared to other producers and provides investors visibility by better defining the total costs associated with production.

AISC amounts are intended to provide additional information only and 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 as a result of differences in the underlying accounting principles, policies applied and in accounting frameworks such as in IFRS, or by reflecting the benefit from selling non-gold metals as a reduction to AISC. Differences may also arise related to definitional differences of sustaining versus development (i.e. non-sustaining) activities based upon each company’s internal policies.

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The following disclosure provides information regarding the adjustments made in determining the AISC measure:

Costs applicable to sales. Includes all direct and indirect costs related to current production incurred to execute the current mine plan. We exclude certain exceptional or unusual amounts from CAS, such as significant revisions to recovery amounts. CAS includes by-product credits from certain metals obtained during the process of extracting and processing the primary ore-body. CAS is accounted for on an accrual basis and excludes Depreciation and amortization and Reclamation and remediation, which is consistent with our presentation of CAS on the Consolidated Statements of Operations. In determining AISC, only the CAS associated with producing and selling an ounce of gold is included in the measure. Therefore, the amount of gold CAS included in AISC is derived from the CAS presented in the Company’s Consolidated Statements of Operations less the amount of CAS attributable to the production of other metals. The other metals' CAS at those mine sites is disclosed in Note 4 to the Consolidated Financial Statements. The allocation of CAS between gold and other metals is based upon the relative sales value of gold and other metals produced during the period.

Reclamation costs. Includes accretion expense related to reclamation liabilities and the amortization of the related ARC for the Company’s operating properties. Accretion related to the reclamation liabilities and the amortization of the ARC assets for reclamation does not reflect annual cash outflows but are calculated in accordance with GAAP. The accretion and amortization reflect the periodic costs of reclamation associated with current production and are therefore included in the measure. The allocation of these costs to gold and other metals is determined using the same allocation used in the allocation of CAS between gold and other metals.

Advanced projects, research and development and exploration. Includes incurred expenses related to projects that are designed to sustain current production and exploration. We note that as current resources are depleted, exploration and advanced projects are necessary for us to replace the depleting reserves or enhance the recovery and processing of the current reserves to sustain production at existing operations. As these costs relate to sustaining our production, and are considered a continuing cost of a mining company, these costs are included in the AISC measure. These costs are derived from the Advanced projects, research and development and Exploration amounts presented in the Consolidated Statements of Operations less incurred expenses related to the development of new operations, or related to major projects at existing operations where these projects will materially benefit the operation in the future. The allocation of these costs to gold and other metals is determined using the same allocation used in the allocation of CAS between gold and other metals. We also allocate these costs incurred at Corporate and Other using the proportion of CAS between gold and other metals.

General and administrative. Includes costs related to administrative tasks not directly related to current production, but rather related to supporting our corporate structure and fulfilling our obligations to operate as a public company. Including these expenses in the AISC metric provides visibility of the impact that general and administrative activities have on current operations and profitability on a per ounce basis. We allocate these costs to gold and other metals at Corporate and Other using the proportion of CAS between gold and other metals.

Other expense, net. Excludes certain exceptional or unusual expenses, such as restructuring, as these are not indicative to sustaining our current operations. Furthermore, this adjustment to Other expense, net is also consistent with the nature of the adjustments made to Net income (loss) attributable to Newmont stockholders as disclosed in the Company’s non-GAAP financial measure Adjusted net income (loss). The allocation of these costs to gold and other metals is determined using the same allocation used in the allocation of CAS between gold and other metals.

Treatment and refining costs. Includes costs paid to smelters for treatment and refining of our concentrates to produce the salable metal. These costs are presented net as a reduction of Sales on the Consolidated Statements of Operations. The allocation of these costs to gold and other metals is determined using the same allocation used in the allocation of CAS between gold and other metals.

Sustaining capital and finance lease payments. We determined sustaining capital and finance lease payments as those capital expenditures and finance lease payments that are necessary to maintain current production and execute the current mine plan. We determined development (i.e. non-sustaining) capital expenditures and finance lease payments to be those payments used to develop new operations or related to projects at existing operations where those projects will materially benefit the operation and are excluded from the calculation of AISC. The classification of sustaining and development capital projects and finance leases is based on a systematic review of our project portfolio in light of the nature of each project. Sustaining capital and finance lease payments are relevant to the AISC metric as these are needed to maintain the Company’s current operations and provide improved transparency related to our ability to finance these expenditures from current operations. The allocation of these costs to gold and other metals is determined using the same allocation used in the allocation of CAS between gold and other metals. We also allocate these costs incurred at Corporate and Other using the proportion of CAS between gold and other metals.

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Year Ended<br>December 31, 2024	Costs Applicable to Sales (1)(2)(3)		Reclamation Costs (4)		Advanced Projects, Research and Development and Exploration (5)		General and Administrative		Other Expense, Net (6)		Treatment and Refining Costs		Sustaining Capital and Lease Related Costs (7)(8)		All-In Sustaining Costs		Ounces (000) Sold	All-In Sustaining Costs per Ounce (9)
Gold
Brucejack	$	312	$	5	$	13	$	—	$	—	$	3	$	66	$	399	249	$	1,603
Red Chris	47		2		1		—		—		—		12		62		39	$	1,607
Peñasquito	225		8		—		—		—		16		36		285		290	$	984
Merian	401		8		15		—		—		1		83		508		274	$	1,852
Cerro Negro	312		6		2		1		2		—		61		384		236	$	1,631
Yanacocha	353		34		9		—		3		—		22		421		352	$	1,196
Boddington	613		16		1		—		—		13		105		748		581	$	1,288
Tanami	390		3		7		—		—		—		127		527		411	$	1,281
Cadia	297		2		9		—		—		16		152		476		454	$	1,048
Lihir	787		12		16		—		2		—		121		938		620	$	1,512
Ahafo	722		19		5		—		1		1		108		856		798	$	1,072
NGM	1,263		18		13		9		4		6		350		1,663		1,036	$	1,605
Corporate and Other (10)	—		—		111		386		19		—		18		534		—	$	—
Held for Sale (11)
CC&V	200		11		3		—		2		—		27		243		144	$	1,691
Musselwhite	224		4		6		—		1		—		96		331		215	$	1,541
Porcupine	310		12		5		—		—		—		79		406		282	$	1,437
Éléonore	325		5		11		—		—		—		99		440		243	$	1,811
Akyem	338		21		1		—		1		—		23		384		212	$	1,816
Divested (12)
Telfer	245		11		10		—		—		4		38		308		103	$	2,993
Total Gold	7,364		197		238		396		35		60		1,623		9,913		6,539	$	1,516
Gold equivalent ounces - other metals (13)(14)
Red Chris	172		5		4		—		—		5		47		233		142	$	1,640
Peñasquito	903		32		1		2		2		117		129		1,186		1,088	$	1,090
Boddington	204		3		—		—		—		11		22		240		205	$	1,172
Cadia	280		2		10		—		—		32		136		460		465	$	987
Corporate and Other (10)	—		—		14		44		—		—		1		59		—	$	—
Divested (12)
Telfer	40		2		1		—		—		2		4		49		16	$	2,885
Total Gold Equivalent Ounces	1,599		44		30		46		2		167		339		2,227		1,916	$	1,161
Consolidated	$	8,963	$	241	$	268	$	442	$	37	$	227	$	1,962	$	12,140

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(1)Excludes Depreciation and amortization and Reclamation and remediation.

(2)Includes by-product credits of $240.

(3)Includes stockpile, leach pad, and product inventory adjustments of $2 at Brucejack, $27 at Red Chris, $1 at Peñasquito, $9 at Cerro Negro, $21 at NGM, and $32 at Telfer.

(4)Includes operating accretion of $153, included in Reclamation and remediation, and amortization of asset retirement costs $88; 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 $219 and $(44), respectively, included in Reclamation and remediation.

(5)Excludes development expenditures of $8 at Red Chris, $12 at Peñasquito, $6 at Merian, $17 at Cerro Negro, $3 at Boddington, $21 at Tanami, $36 at Ahafo, $10 at NGM, $70 at Corporate and Other, $4 at CC&V, $1 at Porcupine, $4 at Akyem, and $3 at Telfer, totaling $195 related to developing new operations or major projects at existing operations where these projects will materially benefit the operation.

(6)Other expense, net is adjusted for Newcrest transaction-related costs of $72, settlement costs of $44, and restructuring and severance costs of $38, included in Other expense, net.

(7)Excludes capitalized interest related to sustaining capital expenditures. Refer to Liquidity and Capital Resources within Part II, Item 7, MD&A for sustaining capital by segment.

(8)Includes finance lease payments for sustaining projects of $84 and excludes finance lease payments for development projects of $37.

(9)Per ounce measures may not recalculate due to rounding.

(10)Corporate and Other is a non-operating segment and includes the Company's business activities relating to its corporate and regional offices and all equity method investments. Refer to Note 4 to the Consolidated Financial Statements for further information.

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(11)Sites are classified as held for sale as of December 31, 2024. Refer to Note 3 to the Consolidated Financial Statements for further discussion of our assets and liabilities held for sale.

(12)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 to the Consolidated Financial Statements for further information.

(13)Gold equivalent ounces is calculated as pounds or ounces produced multiplied by the ratio of the other metals price to the gold price, using Gold ($1,400/oz.), Copper ($3.50/lb.), Silver ($20.00/oz.), Lead ($1.00/lb.) and Zinc ($1.20/lb.) pricing for 2024.

(14)For the year ended December 31, 2024, Red Chris sold 26 thousand tonnes of copper, Peñasquito sold 33 million ounces of silver, 97 thousand tonnes of lead and 247 thousand tonnes of zinc, Boddington sold 37 thousand tonnes of copper, Cadia sold 84 thousand tonnes of copper, and Telfer sold 3 thousand tonnes of copper.

Year Ended<br>December 31, 2023	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 Ounce (9)
Gold
CC&V	$	198	$	10	$	10	$	—	$	2	$	—	$	62	$	282	171	$	1,644
Musselwhite	214		5		10		—		—		—		104		333		181	$	1,843
Porcupine	301		23		12		—		—		—		71		407		258	$	1,577
Éléonore	295		9		10		—		—		—		114		428		233	$	1,838
Brucejack (10)	69		—		7		—		1		3		16		96		36	$	2,646
Red Chris (10)	4		—		—		—		—		—		2		6		4	$	1,439
Peñasquito	158		7		1		—		2		9		29		206		130	$	1,590
Merian	385		7		14		—		—		1		85		492		319	$	1,541
Cerro Negro	328		5		5		—		5		—		51		394		261	$	1,509
Yanacocha	294		24		7		—		—		—		24		349		275	$	1,266
Boddington	634		17		5		—		—		18		125		799		749	$	1,067
Tanami	337		3		1		—		—		—		130		471		444	$	1,060
Cadia (10)	129		—		1		—		—		6		16		152		120	$	1,271
Telfer (10)	126		—		2		—		—		3		2		133		67	$	1,988
Lihir (10)	146		—		2		—		—		—		51		199		131	$	1,517
Ahafo	547		20		2		—		2		—		135		706		578	$	1,222
Akyem	275		44		1		—		—		—		37		357		296	$	1,210
NGM	1,249		17		13		11		2		6		332		1,630		1,167	$	1,397
Corporate and Other (11)	—		—		89		255		6		—		37		387		—	$	—
Total Gold	5,689		191		192		266		20		46		1,423		7,827		5,420	$	1,444
Gold equivalent ounces - other metals (12)(13)
Red Chris (10)	17		—		—		—		—		3		7		27		16	$	1,660
Peñasquito	651		30		5		1		1		82		120		890		507	$	1,756
Boddington	204		3		1		—		—		15		39		262		246	$	1,067
Cadia (10)	116		—		1		—		—		19		17		153		114	$	1,342
Telfer (10)	22		—		2		—		—		4		5		33		13	$	2,580
Corporate and Other (11)	—		—		11		32		—		—		6		49		—	$	—
Total Gold Equivalent Ounces	1,010		33		20		33		1		123		194		1,414		896	$	1,579
Consolidated	$	6,699	$	224	$	212	$	299	$	21	$	169	$	1,617	$	9,241

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(1)Excludes Depreciation and amortization and Reclamation and remediation.

(2)Includes by-product credits of $137.

(3)Includes stockpile and leach pad inventory adjustments of $3 at Porcupine, $5 at Éléonore, $2 at Brucejack, $32 at Peñasquito, $2 at Cerro Negro, $5 at Yanacocha, $4 at Telfer, $1 at Akyem, and $43 at NGM.

(4)Includes operating accretion of $97, included in Reclamation and remediation, and amortization of asset retirement costs $127; 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 $148 and $1,288, respectively, included in Reclamation and remediation.

(5)Excludes development expenditures of $3 at CC&V, $5 at Porcupine, $5 at Peñasquito, $9 at Merian, $5 at Cerro Negro, $4 at Yanacocha, $29 at Tanami, $38 at Ahafo, $18 at Akyem, $16 at NGM and $121 at Corporate and Other, totaling $253 related to developing new operations or major projects at existing operations where these projects will materially benefit the operation.

(6)Other expense, net is adjusted for settlement costs of Newcrest transaction-related costs of $464, restructuring and severance costs of $24, settlement costs of $7, and distributions from the Newmont Global Community Support fund of $1, included in Other expense, net.

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(7)Excludes capitalized interest related to sustaining capital expenditures. Refer to Liquidity and Capital Resources within Part II, Item 7, MD&A for sustaining capital by segment.

(8)Includes finance lease payments for sustaining projects of $64 and excludes finance lease payments for development projects of $36.

(9)Per ounce measures may not recalculate due to rounding.

(10)Sites acquired through the Newcrest transaction. Refer to Note 3 to the Consolidated Financial Statements for further information.

(11)Corporate and Other is a non-operating segment and includes the Company's business activities relating to its corporate and regional offices and all equity method investments. Refer to Note 4 to the Consolidated Financial Statements for further information.

(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 ($1,400/oz.), Copper ($3.50/lb.), Silver ($20.00/oz.), Lead ($1.00/lb.) and Zinc ($1.20/lb.) pricing for 2023.

(13)For the year ended December 31, 2023, Red Chris sold 3 thousand tonnes of copper, Peñasquito sold 17 million ounces of silver, 49 thousand tonnes of lead and 101 thousand tonnes of zinc, Boddington sold 45 thousand tonnes of copper, Cadia sold 21 thousand tonnes of copper, and Telfer sold 2 thousand tonnes of copper.

Year Ended<br>December 31, 2022	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)(7)		Treatment and Refining Costs		Sustaining Capital and Lease Related Costs (8)(9)(10)		All-In Sustaining Costs		Ounces (000) Sold	All-In Sustaining Costs per Ounce (11)
Gold
CC&V	$	241	$	16	$	10	$	—	$	3	$	—	$	45	$	315	185	$	1,697
Musselwhite	195		5		8		—		1		—		53		262		172	$	1,531
Porcupine	281		6		11		—		—		—		52		350		280	$	1,248
Éléonore	266		9		5		—		3		—		63		346		217	$	1,599
Peñasquito (12)	442		10		4		1		3		23		72		555		573	$	968
Merian	369		6		11		—		2		—		57		445		403	$	1,105
Cerro Negro	283		5		1		2		10		—		54		355		281	$	1,262
Yanacocha	313		19		2		1		11		—		23		369		250	$	1,477
Boddington	652		17		5		—		2		16		56		748		813	$	921
Tanami	328		2		7		—		6		—		124		467		486	$	960
Ahafo	566		11		5		—		2		—		90		674		572	$	1,178
Akyem	334		35		2		—		1		—		32		404		415	$	972
NGM	1,153		9		15		10		—		4		230		1,421		1,165	$	1,220
Corporate and Other (13)	—		—		76		224		3		—		24		327		—	$	—
Total Gold	5,423		150		162		238		47		43		975		7,038		5,812	$	1,211
Gold equivalent ounces - other metals (14)(15)
Peñasquito (12)	864		19		10		1		5		130		132		1,161		1,044	$	1,112
Boddington	181		2		2		—		—		10		12		207		231	$	894
Corporate and Other (13)	—		—		11		37		1		—		4		53		—	$	—
Total Gold Equivalent Ounces	1,045		21		23		38		6		140		148		1,421		1,275	$	1,114
Consolidated	$	6,468	$	171	$	185	$	276	$	53	$	183	$	1,123	$	8,459

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(1)Excludes Depreciation and amortization and Reclamation and remediation.

(2)Includes by-product credits of $117.

(3)Includes stockpile and leach pad inventory adjustments of $37 at CC&V, $3 at Merian, $37 at Yanacocha, $9 at Ahafo, $19 at Akyem, and $51 at NGM.

(4)Includes operating accretion of $65, included in Reclamation and remediation, and amortization of asset retirement costs $106; 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 $114 and $742, respectively, included in Reclamation and remediation.

(5)Excludes development expenditures of $1 at CC&V, $3 at Porcupine, $5 at Peñasquito, $10 at Merian, $24 at Cerro Negro, $20 at Yanacocha, $21 at Tanami, $21 at Ahafo, $12 at Akyem, $17 at NGM and $141 at Corporate and Other, totaling $275 related to developing new operations or major projects at existing operations where these projects will materially benefit the operation.

(6)Other expense, net includes incremental COVID-19 costs incurred as a result of actions taken to protect against the impacts of the COVID-19 pandemic at our operational segments of $1 at Musselwhite, $3 at Éléonore, $7 at Peñasquito, $3 at Merian, $7 at Cerro Negro, $6 at Yanacocha,$2 at Boddington, $6 at Tanami, totaling $35, included in Other expense, net.

(7)Other expense, net is adjusted for settlement costs of $22, restructuring and severance costs of $4 and distributions from the Newmont Global Community Support Fund of $3, included in Other expense, net.

(8)Includes sustaining capital expenditures of $1,059. Refer to Liquidity and Capital Resources within Part II, Item 7, MD&A for sustaining capital by segment.

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(9)Excludes development capital expenditures, capitalized interest and the change in accrued capital totaling $1,072. Refer to Liquidity and Capital Resources within Part II, Item 7, Management's Discussion and Analysis for the discussion of major development projects.

(10)Includes finance lease payments for sustaining projects of $64 and excludes finance lease payments for development projects of $36.

(11)Per ounce measures may not recalculate due to rounding.

(12)Costs applicable to sales includes $70 related to the Peñasquito Profit-Sharing Agreement associated with 2021 site performance. For further information, refer to Note 4 to the Consolidated Financial Statements.

(13)Corporate and Other is a non-operating segment and includes the Company's business activities relating to its corporate and regional offices and all equity method investments. Refer to Note 4 to the Consolidated Financial Statements for further information.

(14)Gold equivalent ounces is calculated as pounds or ounces produced multiplied by the ratio of the other metals price to the gold price, using Gold ($1,200/oz.), Copper ($3.25/lb.), Silver ($23.00/oz.), Lead ($0.95/lb.) and Zinc ($1.15/lb.) pricing for 2022.

(15)For the year ended December 31, 2022, Peñasquito sold 30 million ounces of silver, 67 thousand tonnes of lead and 169 thousand tonnes of zinc, and Boddington sold 39 thousand tonnes of copper.

Accounting Developments

For a discussion of Recently Adopted and Recently Issued Accounting Pronouncements, refer to Note 2 to the Consolidated Financial Statements.

Critical Accounting Estimates

Our discussion of financial condition and results of operations is based upon the information reported in our Consolidated Financial Statements. The preparation of these Consolidated Financial Statements in conformity with GAAP requires us to make assumptions and estimates that affect the reported amounts of assets, liabilities, revenues, and expenses, as well as the disclosure of contingent assets and liabilities as of the date of our financial statements. We have identified the accounting estimates listed below as critical to understanding and evaluating the financial results reported in our Consolidated Financial Statements. These accounting estimates require the application of significant management judgment and are critical due to the significant level of estimation uncertainty regarding the assumptions involved and the magnitude of the asset, liability, revenue or expense being reported. We base our assumptions and estimates on historical experience and various other sources that we believe to be reasonable under the circumstances. We review the underlying factors used in our estimates regularly, including reviewing the significant accounting policies impacting the estimates, to ensure compliance with GAAP. However, due to the uncertainty inherent in our estimates, actual results may materially differ from the estimates we calculate due to changes in circumstances, global economics and politics, and general business conditions. A summary of our significant accounting policies is detailed in Note 2 to the Consolidated Financial Statements.

Business Combinations

We recognize and measure the assets acquired and liabilities assumed in a business combination based on their estimated fair values at the acquisition date, while transaction and integration costs related to business combinations are expensed as incurred. Any excess of the purchase consideration when compared to the fair value of the net tangible and intangible assets acquired, if any, is recorded as goodwill. For material acquisitions, we engage independent appraisers to assist with the determination of the fair value of assets acquired, liabilities assumed, noncontrolling interest, if any, and goodwill, based on recognized business valuation methodologies. An income, market or cost valuation method may be utilized to estimate the fair value of the assets acquired, liabilities assumed, and noncontrolling interest, if any, in a business combination. The income valuation method represents the present value of future cash flows over the life of the asset using: (i) discrete financial forecasts, which rely on management’s estimates of reserves, resources and exploration potential quantities, costs to produce and develop reserves, revenues, and operating expenses; (ii) short-term and long-term metal price assumptions, (iii) long-term growth rates; (iv) appropriate discount rates; and (v) expected future capital requirements (“income valuation method”). The market valuation method uses prices paid for a similar asset by other purchasers in the market, normalized for any differences between the assets (“market valuation method”). The cost valuation method is based on the replacement cost of a comparable asset at the time of the acquisition adjusted for depreciation and economic and functional obsolescence of the asset (“cost valuation method”). If the initial accounting for the business combination is incomplete by the end of the reporting period in which the acquisition occurs, an estimate is recorded. Subsequent to the acquisition date, and not later than one year from the acquisition date, we record any material adjustments to the initial estimate based on new information obtained that would have existed as of the date of the acquisition. Any adjustment that arises from information obtained that did not exist as of the date of the acquisition is recorded in the period the adjustments arises.

Carrying value of long-lived assets

We review and evaluate our long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. Significant negative industry or economic trends, adverse social or political developments, declines in our market capitalization, geotechnical difficulties, reduced estimates of future cash flows from our reporting segments or other disruptions to our business are a few examples of events that we monitor, as they could indicate that the carrying value of the Company’s long-lived assets, including development projects, may not be recoverable. In such cases, a recoverability test may be necessary to determine if an impairment charge is required.

For development projects, including our Conga project which is discussed further below, we review and evaluate changes to project plans and timing to determine continued technical, economic and social viability of the projects. If the Company determines to

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sell or abandon a project due to uncertainty from changes in circumstances related to technical, economic, social, political or community factors, or other evolving circumstances indicate that the carrying value may not be recoverable, then a recoverability test is performed to determine if an impairment charge should be recorded.

An impairment loss is measured and recorded based on the estimated fair value of the long-lived assets being tested for impairment and their carrying amounts. Fair value is typically determined through the use of an income approach utilizing estimates of discounted pre-tax future cash flows or a market approach utilizing recent transaction activity for comparable properties. These approaches are primarily considered Level 3 fair value measurements. Occasionally, such as when an asset is held for sale, market prices are used. We believe our estimates and models used to determine fair value are similar to what a market participant would use.

The estimated undiscounted cash flows used to assess recoverability of long-lived assets and to measure the fair value of our mining operations are derived from current business plans, which are developed using short-term price forecasts reflective of the current price environment and our projections for long-term average metal prices. In addition to short- and long-term metal price assumptions, other assumptions include estimates of commodity-based and other input costs; proven and probable mineral reserves estimates, including the timing and cost to develop and produce the reserves; value beyond proven and probable mineral reserve estimates; estimated future closure costs; the use of appropriate discount rates; and applicable U.S. dollar long-term exchange rates. Refer to Item 7A, Quantitative and Qualitative Disclosures About Market Risk.

The significant assumption in determining the future cash flows for each mine site at December 31, 2024 is a long-term gold price of $1,900 per ounce. A decrease of $100 per ounce in the long-term gold price assumption could result in an impairment of our long-lived assets, including goodwill, of up to approximately $1,039 before consideration of other value beyond proven and probable reserves which may significantly decrease the amount of any potential impairment charge.

As discussed above under Depreciation and amortization, various factors could impact our ability to achieve our forecasted production schedules from proven and probable reserves which could impact the carrying value of our long-lived assets. The ability to achieve the estimated quantities of recoverable minerals from exploration stage mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified measured, indicated and inferred resources could ultimately be mined economically. Assets classified as exploration potential have the highest level of risk that the carrying value of the asset can be ultimately realized, due to the still lower level of geological confidence and economic modeling.

Events that could result in additional impairment of our long-lived assets include, but are not limited to, decreases in future metal prices, unfavorable changes in foreign exchange rates, increases in future closure costs, and any event that might otherwise have a material adverse effect on mine site cash flows.

Goodwill

Goodwill represents the excess of the purchase price over the estimated fair value of the net assets acquired in a business acquisition. Goodwill is allocated to reporting units and tested for impairment annually and when events or changes in circumstances indicate that the carrying value of a reporting unit exceeds its fair value. Each operating mine is considered a distinct reporting unit for purposes of goodwill impairment testing.

The Company may elect to perform a qualitative assessment when it is more likely than not that the fair value of a reporting unit is higher than its carrying value. At the Company's election or if it is determined to be more likely than not that the fair value is less than the carrying value, a quantitative goodwill impairment test is performed to determine the fair value of the reporting unit. The fair value of a reporting unit is determined using either the income approach utilizing estimates of discounted future cash flows or the market valuation approach utilizing recent transaction activity for comparable properties. These approaches are considered Level 3 fair value measurements. If the carrying amount of the reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. Any impairment loss recognized in the current period is not reversed in future periods. The Company recognizes its pro rata share of goodwill and any subsequent goodwill impairment losses recorded by entities that are proportionately consolidated.

When the income approach is utilized to determine fair value, the estimated cash flows used to assess the fair value of a reporting unit are derived from the Company’s current business plans, which are developed using short-term price forecasts reflective of the current price environment and management’s projections for long-term average metal prices. The significant assumption in determining the future cash flows for each mine site at December 31, 2024 is a long-term gold price of $1,900 per ounce. In addition to short- and long-term metal price assumptions, other assumptions include estimates of commodity-based and other input costs; proven and probable mineral reserves estimates, including the timing and cost to develop and produce the reserves; value beyond proven and probable estimates; estimated future closure costs; the use of appropriate discount rates; and applicable U.S. dollar long-term exchange rates. Refer to Item 7A, Quantitative and Qualitative Disclosures About Market Risk.

Fair value determinations require considerable judgment and are sensitive to changes in underlying assumptions and factors. For testing purposes of our reporting units, management's best estimates of the expected future results are the primary driver in determining the fair value. However, there can be no assurance that the estimates and assumptions made for purposes of the goodwill impairment tests will prove to be an accurate prediction of the future. Examples of events or circumstances that could reasonably be

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expected to negatively affect the underlying key assumptions and ultimately impact the estimated fair value of our reporting units include, but are not limited to, such items as: (i) a decrease in forecasted production levels if we are unable to realize the mineable reserves, resources and exploration potential at our mining properties and extend the life of mine (ii) increased production or capital costs (iii) adverse changes in macroeconomic conditions including the market price of metals and changes in the equity and debt markets or country specific factors which could result in higher discount rates, (iv) significant unfavorable changes in tax rates including increased corporate income or mining tax rates, and (v) negative changes in regulation, legislation, and political environments which could impact our ability to operate in the future. Refer to Notes 7 and 19 to the Consolidated Financial Statements for further information regarding goodwill.

Carrying value of Conga

We review and evaluate the Company’s Conga development project for recoverability whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. We have considered a variety of technical, economic, social and political developments related to the Conga project during our evaluation of impairment indicators since November 2011, when construction and development activities at the project were largely suspended. Project activities in recent years have focused on continued engagement with the local communities and maintaining and protecting existing project infrastructure and equipment through our active care and maintenance program. Although we have reclassified Conga reserves to resources and reallocated exploration and development capital to other projects, we continue to evaluate long-term options to progress development of the Conga project and improve social and political acceptance. While we have reprioritized the Yanacocha Sulfides project ahead of the Conga project, we have delayed the full-funds decision and are currently in the process of assessing project plan options for the Yanacocha Sulfides project. The Company also periodically updates the economic model for its Conga project to understand changes to the estimated capital costs, cash flows, and economic returns from the project. As of December 31, 2024, we have not identified events or changes in circumstances that indicate that the carrying value of the Conga project is not recoverable.

Reclamation and remediation obligations

The Company records the estimated asset retirement obligations associated with operating and non-operating mine sites when an obligation is incurred and the estimated costs can be reasonably measured. Fair value is measured as the present value of expected cash flow estimates, after considering inflation, our credit-adjusted risk-free rates and a market risk premium appropriate for our operations. Reclamation costs are allocated to expense over the life of the related assets and are periodically adjusted to reflect changes in the estimated present value resulting from the passage of time and revisions to the estimates of either the timing or amount of the reclamation costs. Reclamation obligations are based on our best estimate of when the expected spending for an existing environmental disturbance will occur. Our cost estimates are reflected on a third-party cost basis and comply with our legal obligation to retire long-lived assets in the period incurred. Changes in reclamation estimates at non-operating mines where the mine or portion of the mine site has entered the closure phase and has no substantive future economic value are reflected in earnings in the period an estimate is revised. Costs included in estimated asset retirement obligations are discounted to their present value and are estimated over a period of up to fifty years. We review, on at least an annual basis, the reclamation obligation at each mine.

Remediation costs are accrued when it is probable that an obligation has been incurred and the cost can be reasonably estimated. Such cost estimates may include ongoing care, maintenance and monitoring costs. Changes in remediation estimates at non-operating mines are reflected in earnings in the period an estimate is revised. Water treatment costs included in environmental remediation obligations are discounted to their present value and are estimated over a period of up to fifty years.

Accounting for reclamation and remediation obligations requires management to make estimates unique to each mining operation of the future costs the Company expects to incur to complete the reclamation and remediation work required to comply with existing laws and regulations. These estimates require considerable judgment and are sensitive to changes in underlying inputs and assumptions. Such changes, including, but not limited to, (i) changes to environmental laws and regulations, which could increase the scope and extent of work required, (ii) changes in the timing of reclamation and remediation activities, which could occur over an extended future period and (iii) changes in the methods and technology utilized to settle reclamation and remediation obligations, could have a material impact on our business, financial condition, results of operations and cash flows.

Refer to Note 6 to the Consolidated Financial Statements for further information regarding reclamation and remediation obligations.

Income and mining taxes

We account for income taxes using the liability method, recognizing certain temporary differences between the financial reporting basis of our liabilities and assets and the related income tax basis for such liabilities and assets. This method generates either a net deferred income tax liability or asset for us, as measured by the statutory tax rates in effect. We derive our deferred income tax charge or benefit by recording the change in either the net deferred income tax liability or asset balance for the year. The financial statement effects of changes in tax law are recorded as discrete items in the period enacted as part of income tax expense or benefit from continuing operations, regardless of the category of income or loss to which the deferred taxes relate. We have exposure to the impact of foreign exchange fluctuations on tax positions in certain jurisdictions, such movements are recorded within Income and mining tax benefit (expense) related to deferred income tax assets and liabilities, as well as non-current uncertain tax positions, while foreign exchange fluctuations impacting current tax positions are recorded within Other income (loss), net as foreign currency

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exchange gains (losses). With respect to the earnings that we derive from the operations of our consolidated subsidiaries, in those situations where the earnings are indefinitely reinvested, no deferred taxes have been provided on the unremitted earnings (including the excess of the carrying value of the net equity of such entities for financial reporting purposes over the tax basis of such equity) of these consolidated companies.

Mining taxes represent state and provincial taxes levied on mining operations and are classified as income taxes as such taxes are based on a percentage of mining profits.

Our operations are in multiple jurisdictions where uncertainties arise in the application of complex tax regulations. Some of these tax regimes are defined by contractual agreements with the local government, while others are defined by general tax laws and regulations. We are subject to reviews of our income tax filings and other tax payments, and disputes can arise with the taxing authorities over the interpretation of its contracts or laws. We recognize potential liabilities and record tax liabilities for anticipated tax audit issues in the U.S. and other tax jurisdictions based on our estimate of whether it is more likely than not, and the extent to which, additional taxes will be due. We adjust these reserves in light of changing facts and circumstances; however, due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from our current estimate of the tax liabilities. If our estimate of tax liabilities proves to be less than the ultimate assessment, an additional charge to expense would result. If the estimate of tax liabilities proves to be greater than the ultimate assessment, a tax benefit would result. We recognize interest and penalties, if any, related to unrecognized tax benefits in Income and mining tax benefit (expense). In certain jurisdictions, we must pay a portion of the disputed amount to the local government in order to formally appeal the assessment. Such payment is recorded as a receivable if we believe the amount is ultimately collectible.

Valuation of deferred tax assets

Our deferred income tax assets include certain future tax benefits. We record a valuation allowance against any portion of those deferred income tax assets when we believe, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred income tax asset will not be realized. We review the likelihood that we will realize the benefit of our deferred tax assets and therefore the need for valuation allowances on a quarterly basis, or more frequently if events indicate that a review is required. In determining the requirement for a valuation allowance, the historical and projected financial results of the legal entity or consolidated group recording the net deferred tax asset is considered, along with all other available positive and negative evidence.

Certain categories of evidence carry more weight in the analysis than others based upon the extent to which the evidence may be objectively verified. We look to the nature and severity of cumulative pretax losses (if any) in the current three-year period ending on the evaluation date or the expectation of future pretax losses and the existence and frequency of prior cumulative pretax losses.

We utilize a rolling twelve quarters of pre-tax income or loss as a measure of our cumulative results in recent years. Concluding that a valuation allowance is not required is difficult when there is significant negative evidence which is objective and verifiable, such as cumulative losses in recent years. However, a cumulative three year loss is not solely determinative of the need for a valuation allowance. We also consider all other available positive and negative evidence in our analysis.

Other factors considered in the determination of the probability of the realization of the deferred tax assets include, but are not limited to:

•Earnings history;

•Projected future financial and taxable income based upon existing reserves and long-term estimates of commodity prices;

•The duration of statutory carry forward periods;

•Prudent and feasible tax planning strategies readily available that may alter the timing of reversal of the temporary difference;

•Nature of temporary differences and predictability of reversal patterns of existing temporary differences; and

•The sensitivity of future forecasted results to commodity prices and other factors.

The Company assesses available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize the existing deferred tax assets. A significant piece of objective negative evidence is recent pretax losses and/or expectations of future pretax losses. Such objective evidence limits the ability to consider other subjective evidence including projections for future growth. On the basis of this evaluation, a valuation allowance has been recorded in Peru and Argentina. The amount of the deferred tax asset considered realizable, however, could be adjusted if estimates of future taxable income during the carryforward period are increased or if objective negative evidence in the form of cumulative losses is no longer present and additional weight may be given to subjective evidence such as our projections for growth.

Refer to Note 10 to the Consolidated Financial Statements for additional detail on the valuation allowance.

For additional risk factors that could impact the Company’s ability to realize the deferred tax assets, refer to Note 2 to the Consolidated Financial Statements.

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ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK (dollars in millions, except per ounce and per pound amounts)

Metal Prices

Changes in the market price of gold significantly affect our profitability and cash flow. Gold prices can fluctuate widely due to numerous factors, such as demand; forward selling by producers; central bank sales, purchases and lending; investor sentiment; the strength of the USD; inflation, deflation, or other general price instability; and global mine production levels. Changes in the market price of copper, silver, lead, and zinc also affect our profitability and cash flow. These metals are traded on established international exchanges and prices generally reflect market supply and demand, but can also be influenced by speculative trading in the commodity or by currency exchange rates. The Company does not currently hold instruments that are designated to hedge against the potential impacts due to market price changes in metals. Consideration of these impacts are discussed below.

Decreases in the market price of metals can significantly affect the value of our product inventory, stockpiles and leach pads, and it may be necessary to record a write-down to the net realizable value, as well as significantly impact the carrying value of our long-lived assets and goodwill. For information concerning the sensitivity of our impairment analysis over long-lived assets and goodwill to changes in metal price, refer to Critical Accounting Estimates within Item 7, MD&A, and Notes 2, 7 and 19 to the Consolidated Financial Statements.

Net realizable value represents the estimated future sales price based on short-term and long-term metals prices, less estimated costs to complete production and bring the product to sale. The primary factors that influence the need to record write-downs of our stockpiles, leach pads and product inventory include short-term and long-term metals prices and costs for production inputs such as labor, fuel and energy, materials and supplies as well as realized ore grades and recovery rates. The significant assumptions in determining the stockpile, leach pad and product inventory adjustments for each mine site reporting unit at December 31, 2024 included production cost and capitalized expenditure assumptions unique to each operation, and the following short-term and long-term assumptions:

	Short-term		Long-term
Gold price (per ounce)	$	2,663	$	1,900
Copper price (per pound)	$	4.17	$	4.00
Silver price (per ounce)	$	31.38	$	25.00
Lead price (per pound)	$	0.91	$	0.90
Zinc price (per pound)	$	1.38	$	1.25
AUD to USD exchange rate	$	0.65	$	0.70
CAD to USD exchange rate	$	0.71	$	0.75
MXN to USD exchange rate	$	0.05	$	0.05

The net realizable value measurement involves the use of estimates and assumptions unique to each mining operation regarding current and future operating and capital costs, metal recoveries, production levels, commodity prices, proven and probable reserve quantities, engineering data and other factors. A high degree of judgment is involved in determining such assumptions and estimates and no assurance can be given that actual results will not differ significantly from those estimates and assumptions. For information concerning the sensitivity of our stockpiles and ore on leach pads to changes in metal price, refer to Critical Accounting Estimates within Item 7, MD&A.

Interest Rate Risk

We are subject to interest rate risk related to the fair value of our senior notes which is wholly comprised of fixed rates at December 31, 2024. For fixed rate debt, changes in interest rates generally affect the fair value of the debt instrument, but not our earnings or cash flows. The terms of our fixed rate debt obligations do not generally allow investors to demand payment of these obligations prior to maturity. Therefore, we do not have significant exposure to interest rate risk for our fixed rate debt; however, we do have exposure to fair value risk if we repurchase or exchange long-term debt prior to maturity which could be material. Refer to Note 13 to our Consolidated Financial Statements for further information pertaining to the fair value of our fixed rate debt.

Foreign Currency

We have significant operations and/or assets in the U.S., Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji and Ghana. All of our operations sell their gold, copper, silver, lead, and zinc production based on USD metal prices. Foreign currency exchange rates can fluctuate widely due to numerous factors, such as supply and demand for foreign and U.S. currencies and U.S. and foreign country economic conditions. Fluctuations in the local currency exchange rates in relation to the U.S. dollar can increase or decrease profit margins, cash flow and Costs applicable to sales per ounce to the extent costs are paid in local currency at foreign operations.

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We performed a sensitivity analysis to estimate the impact to Costs applicable to sales per ounce arising from a hypothetical 10% adverse movement to local currency exchange rates at December 31, 2024 in relation to the U.S. dollar at our foreign mining operations, with no mitigation assumed from our foreign currency cash flow hedges. The sensitivity analyses indicated that a hypothetical 10% adverse movement would result in an approximate $71 increase to Costs applicable to sales per gold ounce at December 31, 2024.

Commodity Price Exposure

Our provisional concentrate sales contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of the respective metal concentrates at the prevailing indices’ prices at the time of sale. The embedded derivative, which is not designated for hedge accounting, is marked to market through earnings each period prior to final settlement.

We perform an analysis on the provisional concentrate sales to determine the potential impact to Net income (loss) attributable to Newmont stockholders for each 10% change to the average price on the provisional concentrate sales subject to final pricing over the next several months. Refer below for our analysis as of December 31, 2024.

	Provisionally Priced Sales Subject to Final Pricing (1)	Average Provisional <br>Price (per ounce/pound)		Effect of 10% change in Average Price (millions)		Market Closing<br><br>Settlement Price (2)<br><br>(per ounce/pound)
Gold (ounces, in thousands)	265	$	2,635	$	46	$	2,609
Copper (pounds, in millions)	85	$	3.99	$	23	$	3.95
Silver (ounces, in millions)	6	$	28.99	$	12	$	28.91
Lead (pounds, in millions)	52	$	0.88	$	3	$	0.87
Zinc (pounds, in millions)	114	$	1.34	$	10	$	1.35

____________________________

(1)Includes provisionally priced by-product sales subject to final pricing, which are recognized as a reduction to Costs applicable to sales.

(2)The closing settlement price as of December 31, 2024 is determined utilizing the London Metal Exchange for copper, lead and zinc and the London Bullion Market Association for gold and silver.

Hedging

The Company's hedging instruments consisted of the Cadia Power Purchase Agreement ("Cadia PPA") and foreign currency cash flow hedges at December 31, 2024, which were transacted for risk management purposes. The Cadia PPA mitigates the variability in future cash flows related to a portion of power purchases at the Cadia mine and the foreign currency cash flow hedges were entered into to mitigate variability in the USD functional cash flows related to the AUD- and CAD-denominated operating expenditures and AUD-denominated capital expenditures. By using hedges, we are affected by market risk, credit risk, and market liquidity risk.

Market Risk

Market risk is the risk that the fair value of a derivative might be adversely affected by a change in commodity prices or currency exchange rates, and that this in turn affects our financial condition. We manage market risk by establishing and monitoring parameters that limit the types and degree of market risk that may be undertaken. We mitigate this potential risk to our financial condition by establishing trading agreements with counterparties under which we are not required to post any collateral or be subject to any margin calls on our derivatives. Our counterparties cannot require settlement solely because of an adverse change in the fair value of a derivative.

We have performed sensitivity analyses as of December 31, 2024 regarding the Cadia PPA and foreign currency cash flow hedges. For the Cadia PPA, we utilized a modeling technique that measures the change in the fair values arising from a hypothetical 10% adverse movement in the forward electricity rates relative to current rates, with all other variables held constant. For the foreign currency cash flow hedges, we utilized a modeling technique that measures the change in the fair values arising from a hypothetical 10% adverse movement in the AUD and CAD foreign currency exchange rates relative to the U.S. dollar, with all other variables held constant. The foreign currency exchange rates we used in performing the sensitivity analysis were based on AUD and CAD market rates in effect at December 31, 2024. The sensitivity analyses indicated that a hypothetical 10% adverse movement would result in an approximate decrease in the fair value of the Cadia PPA cash flow hedge and the foreign currency cash flow hedges of $32 and $195 at December 31, 2024, respectively.

Credit Risk

Credit risk is the risk that a third party might fail to fulfill its performance obligations under the terms of a financial instrument. We mitigate credit risk by entering into derivatives with high credit quality counterparties, limiting the amount of exposure to each counterparty and monitoring the financial condition of the counterparties.

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Market Liquidity Risk

Market liquidity risk is the risk that a derivative cannot be eliminated quickly, by either liquidating it or by establishing an offsetting position. Under the terms of our trading agreements, counterparties cannot require us to immediately settle outstanding derivatives, except upon the occurrence of customary events of default such as covenant breaches, including financial covenants, insolvency or bankruptcy. We further mitigate market liquidity risk by spreading out the maturity of our derivatives over time.

Refer to Note 14 to the Consolidated Financial Statements for further information on our derivative instruments.

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

INDEX TO FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

		Page
Report of Independent Registered Public Accounting Firm (Ernst & Young LLP; PCAOB ID: 42)		129
Report of Independent Registered Public Accounting Firm(PricewaterhouseCoopers LLP; PCAOB ID: 271)		131
Consolidated Statements of Operations		133
Consolidated Statements of Comprehensive Income (Loss)		134
Consolidated Balance Sheets		135
Consolidated Statements of Cash Flows		136
Consolidated Statement of Changes in Equity		138
Notes to Consolidated Financial Statements		139
	Note 1 The Company	139
	Note 2 Summary of Significant Accounting Policies	140
	Note 3 Acquisitions and Divestitures	151
	Note 4 Segment Information	154
	Note5Sales	159
	Note6Reclamation and Remediation	162
	Note7Impairment Charges	164
	Note8Other Expense, Net	165
	Note9Other Income(Loss), Net	166
	Note10Income and Mining Taxes	166
	Note11Employee-Related Benefits	170
	Note12Stock-Based Compensation	174
	Note13Fair Value Accounting	176
	Note14DerivativeInstruments	179
	Note15Investments	182
	Note16Inventories	184
	Note17Stockpiles and Ore on Leach Pads	185
	Note18Property, Plant and Mine Development	185
	Note19Goodwill	186
	Note20Debt	186
	Note21Lease and Other Financing Obligations	188
	Note22Other Liabilities	190
	Note23Accumulated Other Comprehensive Income (Loss)	190
	Note24Net Change in Operating Assets and Liabilities	191
	Note25Commitments and Contingencies	191

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders and Board of Directors of Newmont Corporation

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Newmont Corporation (the Company) as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive income (loss), changes in equity and cash flows for each of the three years in the period ended December 31, 2024, the related notes and the financial statement schedule in Item 15(a)(2) (collectively referred to as the “consolidated financial statements”). In our opinion, based on our audits and the report of PricewaterhouseCoopers LLP, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company at December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles.

We did not audit the financial statements of Nevada Gold Mines LLC, a 38.5% owned investment which is proportionately consolidated, whose financial statements reflect total assets constituting 13% and 13% of consolidated assets as of December 31, 2024 and 2023, respectively, and sales constituting 13% in 2024, 19% in 2023, and 18% 2022 of the related consolidated totals. Those statements were audited by PricewaterhouseCoopers LLP, whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for Nevada Gold Mines LLC, is based solely on the report of PricewaterhouseCoopers LLP.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission 2013 framework, and our report dated February 20, 2025 expressed an unqualified opinion thereon, based on our audit and the report of PricewaterhouseCoopers LLP.

Basis for Opinion

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits and the report of PricewaterhouseCoopers LLP provide a reasonable basis for our opinion.

Critical Audit Matter

The critical audit matter communicated below is a matter arising from the current period audit of the financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective or complex judgments. The communication of the critical audit matter does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.

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Reclamation liabilities

Description of the Matter

As discussed in Notes 2, 6 and 25 of the consolidated financial statements, the Company’s mining and exploration activities are subject to various domestic and international laws and regulations governing the protection of the environment. Reclamation obligations are recognized when incurred and recorded as liabilities at fair value. Reclamation liabilities are periodically adjusted to reflect changes in the estimated present value resulting from revisions to the estimates of either the timing or amount of the reclamation costs. As of December 31, 2024, the Company’s consolidated reclamation liabilities totaled $8.5 billion, including $1.5 billion included in liabilities held for sale. Auditing management’s accounting for reclamation liabilities was challenging, as significant judgment is required by the Company to estimate required cash flows to meet obligations established by mining permits, local statutes and promissory estoppel at the end of mine life as well as estimation of uncertainty inherent in the cash flows. The significant judgment was primarily related to the inherent estimation uncertainty relating to the extent of future reclamation activities and related costs.

How We Addressed the Matter in Our Audit

We obtained an understanding, evaluated the design, and tested the operating effectiveness of the controls over the Company’s accounting for reclamation liabilities, including controls over management’s review of estimated future costs and the reclamation liability calculation. To test the reclamation liabilities, among other procedures, we evaluated the methodology, significant assumptions and the underlying data used by the Company in its estimate. To assess the estimates of reclamation activities and cash flows, we evaluated significant changes from the prior estimate, verified consistency between timing of reclamation activities and projected mine life, compared anticipated costs across the Company’s mines, verified cost rates against third-party information or internal cost records and recalculated management’s estimate. We also evaluated the significant assumptions included in the fair value calculation, specifically the market risk premium. We involved our reclamation specialists to interview members of the Company’s engineering staff, assess the completeness of the mine reclamation estimates with respect to meeting mine closure and post closure requirements, and evaluate the reasonableness of the engineering estimates and assumptions.

/s/ Ernst & Young LLP

We have served as the Company’s auditor since 2014.

Denver, Colorado

February 20, 2025

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Managers and Members of Nevada Gold Mines LLC

Opinions on the financial statements and internal control over financial reporting

We have audited the consolidated balance sheets of Nevada Gold Mines LLC and its subsidiaries (the Joint Venture) as of December 31, 2024 and 2023, and the related consolidated statements of operations and comprehensive income, of changes in members’ equity and of cash flows for each of the three years in the period ended December 31, 2024, including the related notes (collectively referred to as the consolidated financial statements) (not presented herein). We also have audited the Joint Venture’s internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Joint Venture as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024 in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Joint Venture maintained, in all material respects, effective internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control – Integrated Framework (2013) issued by the COSO.

Basis for opinions

The Joint Venture’s management is responsible for these consolidated financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in the Management’s Report on Internal Control over Financial Reporting (not presented herein). Our responsibility is to express opinions on the Joint Venture’s consolidated financial statements and on the Joint Venture’s internal control over financial reporting based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Joint Venture in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud, and whether effective internal control over financial reporting was maintained in all material respects.

Our audits of the consolidated financial statements included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements.

Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions.

Definition and limitations of internal control over financial reporting

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Critical audit matters

The critical audit matter communicated below is a matter arising from the current period audit of the consolidated financial statements that was communicated or required to be communicated to the Board of Managers (acting in a role equivalent to the audit committee)

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and that (i) relates to accounts or disclosures that are material to the consolidated financial statements and (ii) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.

Qualitative goodwill impairment assessment

As described in note 2 to the Joint Venture's consolidated financial statements, the Joint Venture’s goodwill balance was $668 million (at a 100 percent economic interest) as of December 31, 2024. Goodwill is allocated to reporting units and assessed for impairment annually, in the fourth quarter of the fiscal year, and when events or changes in circumstances indicate that the carrying value of a reporting unit exceeds its fair value. The Joint Venture has four reporting units. The Joint Venture's management first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount (qualitative goodwill impairment assessment).

If it is determined that the fair value is more likely than not to be lower than the carrying value, a quantitative goodwill impairment test is performed. Management uses judgment in assessing the qualitative factors in the qualitative goodwill impairment assessment for each reporting unit, including significant adverse changes to future gold prices, future operating and capital costs, future production levels and mineral reserves and mineral resources. Management uses future production levels and mineral reserves and mineral resources based on information compiled by qualified persons (management’s specialists).

The principal considerations for our determination that performing procedures relating to the qualitative goodwill impairment assessment is a critical audit matter are the judgment by management in assessing the qualitative factors in the qualitative goodwill impairment assessment for each reporting unit to determine whether further quantitative impairment testing is required, and a high degree of auditor judgment, subjectivity and effort in performing procedures and evaluating management's assessment of qualitative factors in the qualitative goodwill impairment assessment for each reporting unit with respect to significant adverse changes to future gold prices, future operating and capital costs, future production levels and mineral reserves and mineral resources.

Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to management’s qualitative goodwill impairment assessment. These procedures also included, among others, evaluating the reasonableness of management's qualitative goodwill impairment assessment for each reporting unit with respect to significant adverse changes to future gold prices and future operating and capital costs by (i) comparing gold prices to external industry data; (ii) comparing operating and capital costs to recent actual operating and capital costs incurred; and (iii) considering consistency with evidence obtained in other areas of the audit. The work of management’s specialists was used in performing the procedures to evaluate the reasonableness of future production levels and mineral reserves and mineral resources. As a basis for using this work, the management's specialists' qualifications were understood and the Joint Venture’s relationship with management’s specialists was assessed. The procedures performed also included evaluation of the methods and assumptions used by management’s specialists, tests of the data used by management’s specialists, and an evaluation of management's specialists' findings.

/s/PricewaterhouseCoopers LLP

Chartered Professional Accountants, Licensed Public Accountants

Toronto, Canada

February 20, 2025

We have served as the Joint Venture’s auditor since 2019.

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NEWMONT CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

	Year Ended December 31,
	2024		2023		2022
	(in millions, except per share)
Sales (Note 5)	$	18,682	$	11,812	$	11,915
Costs and expenses:
Costs applicable to sales (1)	8,963		6,699		6,468
Depreciation and amortization	2,576		2,108		2,185
Reclamation and remediation (Note 6)	328		1,533		921
Exploration	266		265		231
Advanced projects, research and development	197		200		229
General and administrative	442		299		276
Impairment charges (Note 7)	78		1,891		1,320
Loss on assets held for sale (Note 3)	1,114		—		—
Other expense, net (Note 8)	191		517		82
	14,155		13,512		11,712
Other income (expense):
Other income (loss), net (Note 9)	425		(88)		(27)
Interest expense, net of capitalized interest of $114, $89 and $69, respectively	(375)		(243)		(227)
	50		(331)		(254)
Income (loss) before income and mining tax and other items	4,577		(2,031)		(51)
Income and mining tax benefit (expense) (Note 10)	(1,397)		(526)		(455)
Equity income (loss) of affiliates (Note 15)	133		63		107
Net income (loss) from continuing operations	3,313		(2,494)		(399)
Net income (loss) from discontinued operations (Note 1)	68		27		30
Net income (loss)	3,381		(2,467)		(369)
Net loss (income) attributable to noncontrolling interests (Note 1)	(33)		(27)		(60)
Net income (loss) attributable to Newmont stockholders	$	3,348	$	(2,494)	$	(429)
Net income (loss) attributable to Newmont stockholders:
Continuing operations	$	3,280	$	(2,521)	$	(459)
Discontinued operations	68		27		30
	$	3,348	$	(2,494)	$	(429)
Weighted average common shares:
Basic	1,146		841		794
Effect of employee stock-based awards	2		—		1
Diluted	1,148		841		795
Net income (loss) per common share:
Basic:
Continuing operations	$	2.86	$	(3.00)	$	(0.58)
Discontinued operations	0.06		0.03		0.04
	$	2.92	$	(2.97)	$	(0.54)
Diluted: (2)
Continuing operations	$	2.86	$	(3.00)	$	(0.58)
Discontinued operations	0.06		0.03		0.04
	$	2.92	$	(2.97)	$	(0.54)

____________________________

(1)Excludes Depreciation and amortization and Reclamation and remediation.

(2)For the years ended December 31, 2023 and 2022, potentially dilutive shares were excluded in the computation of diluted loss per common share attributable to Newmont stockholders as they were antidilutive.

The accompanying notes are an integral part of these Consolidated Financial Statements.

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NEWMONT CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	Year Ended December 31,
	2024		2023		2022
	(in millions)
Net income (loss)	$	3,381	$	(2,467)	$	(369)
Other comprehensive income (loss):
Change in cash flow hedges, net of tax	(123)		(1)		19
Change in pension and other post-retirement benefits, net of tax	8		(9)		139
Other adjustments, net of tax	6		(5)		4
Other comprehensive income (loss)	(109)		(15)		162
Comprehensive income (loss)	$	3,272	$	(2,482)	$	(207)
Comprehensive income (loss) attributable to:
Newmont stockholders	$	3,239	$	(2,509)	$	(267)
Noncontrolling interests	33		27		60
	$	3,272	$	(2,482)	$	(207)

The accompanying notes are an integral part of these Consolidated Financial Statements.

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NEWMONT CORPORATION

CONSOLIDATED BALANCE SHEETS

	At December 31, 2024		At December 31, 2023
	(in millions, except per share)
ASSETS
Cash and cash equivalents	$	3,619	$	3,002
Trade receivables (Note 5)	1,056		734
Investments (Note 15)	21		23
Inventories (Note 16)	1,423		1,663
Stockpiles and ore on leach pads (Note 17)	761		979
Derivative assets (Note 14)	—		198
Other current assets	786		913
Assets held for sale (Note 3)	4,609		—
Current assets	12,275		7,512
Property, plant and mine development, net (Note 18)	33,547		37,563
Investments ($212 and $— valued under fair value option) (Note 15)	4,471		4,143
Stockpiles and ore on leach pads (Note 17)	2,266		1,935
Deferred income tax assets (Note 10)	124		268
Goodwill (Note 19)	2,658		3,001
Derivative assets (Note 14)	142		444
Other non-current assets	866		640
Total assets	$	56,349	$	55,506
LIABILITIES
Accounts payable	$	843	$	960
Employee-related benefits (Note 11)	630		551
Income and mining taxes	381		88
Lease and other financing obligations (Note 21)	107		114
Debt (Note 20)	924		1,923
Other current liabilities (Note 22)	2,481		2,362
Liabilities held for sale (Note 3)	2,177		—
Current liabilities	7,543		5,998
Debt (Note 20)	7,552		6,951
Lease and other financing obligations (Note 21)	389		448
Reclamation and remediation liabilities (Note 6)	6,394		8,167
Deferred income tax liabilities (Note 10)	2,820		2,987
Employee-related benefits (Note 11)	555		655
Silver streaming agreement (Note 5)	699		779
Other non-current liabilities ($51 and $— valued under fair value option) (Note 22)	288		316
Total liabilities	26,240		26,301
Commitments and contingencies (Note 25)
EQUITY
Common stock - $1.60 par value;	1,813		1,854
Authorized - 2,550 million and 2,550 million shares, respectively
Outstanding shares - 1,127 million and 1,152 million shares, respectively
Treasury stock - 7 million and 7 million shares, respectively	(278)		(264)
Additional paid-in capital	29,808		30,419
Accumulated other comprehensive income (loss) (Note 23)	(95)		14
(Accumulated deficit) Retained earnings	(1,320)		(2,996)
Newmont stockholders' equity	29,928		29,027
Noncontrolling interests	181		178
Total equity	30,109		29,205
Total liabilities and equity	$	56,349	$	55,506

The accompanying notes are an integral part of these Consolidated Financial Statements.

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NEWMONT CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2024		2023		2022
	(in millions)
Operating activities:
Net income (loss)	$	3,381	$	(2,467)	$	(369)
Adjustments:
Depreciation and amortization	2,576		2,108		2,185
Impairment charges (Note 7)	78		1,891		1,320
Loss on assets held for sale (Note 3)	1,114		—		—
Net loss (income) from discontinued operations (Note 1)	(68)		(27)		(30)
Reclamation and remediation	302		1,506		892
Stock-based compensation (Note 12)	89		80		73
Deferred income taxes (Note 10)	80		(104)		(278)
Change in fair value of investments and options (Note 9)	(62)		47		46
(Gain) loss on asset and investment sales (Note 9)	(35)		197		(35)
Pension settlements (Note 11)	1		9		137
Other non-cash adjustments	(113)		27		98
Net change in operating assets and liabilities (Note 24)	(1,025)		(513)		(841)
Net cash provided by (used in) operating activities of continuing operations	6,318		2,754		3,198
Net cash provided by (used in) operating activities of discontinued operations (Note 1)	45		9		22
Net cash provided by (used in) operating activities	6,363		2,763		3,220
Investing activities:
Additions to property, plant and mine development	(3,402)		(2,666)		(2,131)
Proceeds from sales of mining operations and other assets, net	560		—		16
Contributions to equity method investees	(96)		(108)		(194)
Purchases of investments	(66)		(551)		(940)
Return of investment from equity method investees	56		36		62
Maturities of investments	28		1,363		93
Proceeds from sales of investments	21		234		171
Acquisitions, net (1)	—		668		(15)
Other	44		22		(45)
Net cash provided by (used in) investing activities of continuing operations	(2,855)		(1,002)		(2,983)
Net cash provided by (used in) investing activities of discontinued operations (Note 1)	153		—		—
Net cash provided by (used in) investing activities	(2,702)		(1,002)		(2,983)
Financing activities:
Repayment of debt	(3,860)		—		(89)
Proceeds from issuance of debt, net (Note 20)	3,476		—		—
Repurchases of common stock (Note 2)	(1,246)		—		—
Dividends paid to common stockholders	(1,145)		(1,415)		(1,746)
Distributions to noncontrolling interests	(161)		(150)		(191)
Funding from noncontrolling interests	115		138		117
Payments on lease and other financing obligations (Note 21)	(87)		(67)		(66)
Payments for withholding of employee taxes related to stock-based compensation	(14)		(25)		(39)
Acquisition of noncontrolling interests (Note 1)	—		—		(348)
Other	(31)		(84)		6
Net cash provided by (used in) financing activities	(2,953)		(1,603)		(2,356)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(20)		(2)		(30)
Net change in cash, cash equivalents and restricted cash, including cash and restricted cash reclassified to assets held for sale	688		156		(2,149)
Less: Cash and restricted cash reclassified to assets held for sale (2)	(138)		—		—
Net change in cash, cash equivalents and restricted cash	550		156		(2,149)
Cash, cash equivalents and restricted cash at beginning of period	3,100		2,944		5,093
Cash, cash equivalents and restricted cash at end of period	$	3,650	$	3,100	$	2,944

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NEWMONT CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2024		2023		2022
	(in millions)
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	$	3,619	$	3,002	$	2,877
Restricted cash included in Other current assets	1		11		1
Restricted cash included in Other non-current assets	30		87		66
Total cash, cash equivalents and restricted cash	$	3,650	$	3,100	$	2,944
Supplemental cash flow information:
Income and mining taxes paid, net of refunds	$	966	$	794	$	1,122
Interest paid, net of amounts capitalized	$	317	$	228	$	172

____________________________

(1)Acquisitions, net is primarily related to the cash acquired in the Newcrest transaction for the year ended December 31, 2023. Refer to Note 1 for additional information.

(2)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for assets held for sale. As a result, at December 31, 2024 the related assets, including $45 of Cash and cash equivalents and $93 of restricted cash, included in Other current assets and Other non-current assets, were reclassified to Assets held for sale. Refer to Note 3 for additional information.

The accompanying notes are an integral part of these Consolidated Financial Statements.

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NEWMONT CORPORATION

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

(in millions, except per share)

	Common Stock			Treasury Stock			Additional<br>Paid-In<br>Capital		Accumulated<br>Other<br>Comprehensive<br>Income (Loss)		Retained<br><br>Earnings (Accumulated Deficit)		Noncontrolling<br>Interests		Total<br>Equity		Contingently<br><br>Redeemable<br><br>Noncontrolling<br><br>Interest (2)
	Shares	Amount		Shares	Amount
Balance at December 31, 2021	797	$	1,276	(5)	$	(200)	$	17,981	$	(133)	$	3,098	$	(209)	$	21,813	$	48
Net income (loss)	—	—		—	—		—		—		(429)		60		(369)		—
Other comprehensive income (loss)	—	—		—	—		—		162		—		—		162		—
Dividends declared (1)	—	—		—	—		—		—		(1,753)		—		(1,753)		—
Distributions declared to noncontrolling interests	—	—		—	—		—		—		—		(191)		(191)		—
Cash calls requested from noncontrolling interests	—	—		—	—		—		—		—		120		120		—
Withholding of employee taxes related to stock-based compensation	—	—		(1)	(39)		—		—		—		—		(39)		—
Acquisition of non-controlling interests	—	—		—	—		(699)		—		—		399		(300)		—
Reclassification of contingently redeemable non-controlling interests	—	—		—	—		—		—		—		—		—		(48)
Stock options exercised	—	—		—	—		14		—		—		—		14		—
Stock-based awards and related share issuances	2	3		—	—		73		—		—		—		76		—
Balance at December 31, 2022	799	1,279		(6)	(239)		17,369		29		916		179		19,533		—
Net income (loss)	—	—		—	—		—		—		(2,494)		27		(2,467)		—
Other comprehensive income (loss)	—	—		—	—		—		(15)		—		—		(15)		—
Shares issued for Newcrest transaction	358	572		—	—		12,977		—		—		—		13,549		—
Dividends declared (1)	—	—		—	—		—		—		(1,418)		—		(1,418)		—
Distributions declared to noncontrolling interests	—	—		—	—		—		—		—		(156)		(156)		—
Cash calls requested from noncontrolling interests	—	—		—	—		—		—		—		128		128		—
Withholding of employee taxes related to stock-based compensation	—	—		(1)	(25)		—		—		—		—		(25)		—
Stock-based awards and related share issuances	2	3		—	—		73		—		—		—		76		—
Balance at December 31, 2023	1,159	1,854		(7)	(264)		30,419		14		(2,996)		178		29,205		—
Net income (loss)	—	—		—	—		—		—		3,348		33		3,381		—
Other comprehensive income (loss)	—	—		—	—		—		(109)		—		—		(109)		—
Dividends declared (1)	—	—		—	—		—		—		(1,148)		—		(1,148)		—
Distributions declared to noncontrolling interests	—	—		—	—		—		—		—		(156)		(156)		—
Cash calls requested from noncontrolling interests	—	—		—	—		—		—		—		126		126		—
Repurchase and retirement of common stock	(26)	(42)		—	—		(693)		—		(524)		—		(1,259)		—
Withholding of employee taxes related to stock-based compensation	—	—		—	(14)		—		—		—		—		(14)		—
Stock-based awards and related share issuances	1	1		—	—		82		—		—		—		83		—
Balance at December 31, 2024	1,134	$	1,813	(7)	$	(278)	$	29,808	$	(95)	$	(1,320)	$	181	$	30,109	$	—

____________________________

(1)Cash dividends paid per common share was $1.00, $1.60 and $2.20 for 2024, 2023 and 2022, respectively. Dividends declared and dividends paid to common stockholders differ by $3, $3, and $7 for 2024, 2023 and 2022, respectively, due to timing.

(2)Sumitomo held a 5% interest in Yanacocha at December 31, 2021 and had the option to require Yanacocha to repurchase their interest for $48 if certain conditions were not met. The Company purchased Sumitomo's 5% interest during 2022. Refer to Note 1 for further information.

The accompanying notes are an integral part of these Consolidated Financial Statements.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 1 THE COMPANY

Newmont Corporation and its affiliates and subsidiaries (collectively, “Newmont,” “we,” “us” or the “Company”) predominantly operate in the mining industry, focused on the production of and exploration for gold properties, some of which may contain copper, silver, zinc, lead or other metals. The Company has significant operations and/or assets in the United States (“U.S.”), Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana. The cash flow and profitability of the Company’s operations are significantly affected by the market price of gold, copper, silver, lead, and zinc. The prices of gold, copper, silver, lead, and zinc are affected by numerous factors beyond the Company’s control.

Divestiture of Non-core Assets

Based on a comprehensive review of the Company’s portfolio of assets following the Newcrest acquisition, the Company’s Board of Directors approved a portfolio optimization program to divest six non-core assets and a development project in February 2024. The non-core assets to be divested include Akyem, CC&V, Éléonore, Porcupine, Musselwhite, Telfer, and the Coffee development project in Canada. In February 2024, the Company concluded that these non-core assets and the development project, met the accounting requirements to be presented as held for sale in the first quarter of 2024, based on progress made through the Company's active sales program and management’s expectation that the sale is probable and will be completed within 12 months.

The Company entered into definitive agreements in the second half of 2024 to sell the Telfer, Akyem, Musselwhite, Éléonore, and CC&V reportable segments, of which Telfer closed in 2024. Additionally, in January 2025 the Company entered into a definitive agreement to sell the Porcupine reportable segment. Refer to Note 3 for further information on divestitures.

Newcrest Transaction

Noncontrolling Interests

Merian

Newmont has a 75% economic interest in Suriname Gold project C.V. (“Merian”), with the remaining interests held by Staatsolie Maatschappij Suriname N.V. (“Staatsolie”), a company wholly owned by the Republic of Suriname. Newmont consolidates Merian, through its wholly-owned subsidiary, Newmont Suriname LLC., in its Consolidated Financial Statements as the primary beneficiary of Merian, which is a variable interest entity. For the years ended December 31, 2024, 2023, and 2022, the Company recognized income of $33, $27, and $59, respectively, within Net loss (income) attributable to noncontrolling interests related to Merian.

Yanacocha

At December 31, 2021, Newmont held a 51.35% ownership interest in Minera Yanacocha S.R.L ("Yanacocha") and consolidated Yanacocha in its Consolidated Financial Statements under the voting interest model. In 2022, the Company acquired the 5% ownership interest held in Yanacocha by Sumitomo Corporation (“Sumitomo”) in exchange for cash consideration of $48. Additionally in 2022, the Company acquired the remaining 43.65% interest in Yanacocha held by Compañia de Minas Buenaventura S.A.A. (“Buenaventura”), resulting in the Company holding 100% ownership interest in Yanacocha. The Company acquired Buenaventura’s 43.65% noncontrolling interest in Yanacocha (the “Yanacocha Transaction”) for $300 cash consideration, certain royalties on any production from other future potential projects, and contingent payments of up to $100 tied to higher metal prices, achieving commercial production at the Yanacocha Sulfides project and resolution on the outstanding Yanacocha tax dispute. The Yanacocha Transaction was accounted for as an equity transaction, resulting in a decrease to additional paid-in-capital and no gain or loss recognition.

Concurrent with the Yanacocha Transaction, the Company sold its 46.94% ownership interest in Minera La Zanja S.R.L. ("La Zanja"), accounted for as an equity method investment with a carrying value of $— as of December 31, 2021. Per the terms of the sale, the Company sold its interest in La Zanja to Buenaventura, the parent company of La Zanja, in exchange for royalties on potential future production from the La Zanja operation and contributed cash of $45 to be used exclusively for reclamation costs at the La Zanja operation. Upon close of the sale in 2022, the Company recognized a $45 loss on sale of its equity interest, included in Other income (loss), net.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

For the year ended December 31, 2022, the Company recognized $(1) of Net loss (income) attributable to noncontrolling interests related to Yanacocha. No Net loss (income) attributable to noncontrolling interests related to Yanacocha was recognized for the years ended December 31, 2024 and 2023, as the Company held 100% ownership interest in Yanacocha.

Discontinued Operations

Net income (loss) from discontinued operations included results related to the Batu Hijau and Elang contingent consideration assets obtained in connection with the sale of PT Newmont Nusa Tenggara in 2016. In the third quarter of 2024, the Company completed the sale of the Batu and Elang contingent consideration assets for cash consideration of $153, resulting in a gain of $15 included in Net income (loss) from discontinued operations.

For the years ended December 31, 2024, 2023, and 2022, the Company recorded income of $68, $27, and $30, net of a tax benefit (expense) of $31, $(5) and $(4), respectively, within Net income (loss) from discontinued operations. The Company received $45, $9 and $22 for the years ended December 31, 2024, 2023 and 2022, respectively, related to discontinued operations. Refer to contingent consideration assets in Note 14 for additional information.

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Risks and Uncertainties

As a global mining company, the Company’s revenue, profitability, and future rate of growth are substantially dependent on prevailing metal prices, primarily for gold, but also for copper, silver, lead, and zinc. Historically, the commodity markets have been very volatile, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or extended decline in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital and on the quantities of reserves that the Company can economically produce. The carrying value of the Company’s Property, plant and mine development, net; Inventories; Stockpiles and ore on leach pads; Investments; certain Derivative assets; Deferred income tax assets; and Goodwill are particularly sensitive to the outlook for commodity prices. A decline in the Company’s price outlook from current levels could result in material impairment charges related to these assets.

The Company's global operations expose it to risks associated with public health crises, geopolitical and macroeconomic pressures, including but not limited to inflationary conditions, as well as the effects of certain countermeasures taken by central banks, supply chain disruptions resulting from global conflicts and other global events, and an uncertain and evolving labor market.

The following factors could have further potential short- and, possibly, long-term material adverse impacts on the Company including, but not limited to, volatility in commodity prices and the prices for gold and other metals, changes in the equity and debt markets or country specific factors adversely impacting discount rates, significant cost inflation impacts on production, capital and asset retirement costs, logistical challenges, workforce interruptions and financial market disruptions, energy market disruptions, as well as potential impacts to estimated costs and timing of projects. Refer to Note 7 for further information on certain impairment charges incurred as a result of these challenging conditions.

As further response to the current market conditions, high inflation rates, the rising prices for commodities and raw materials, prolonged supply chain disruptions, competitive labor markets, and consideration of capital allocation, the Company has chosen to continue deferring the investment decision for the Yanacocha Sulfides project. While the Company has extended the timeline of the full-funds decision, assessment of the project remains a priority in Peru as the Company continued to advance engineering and long-term procurement activities. The delay of the Yanacocha Sulfides project is intended to focus funds on current operations and other capital commitments while management assesses execution and project options, up to and including transitioning Yanacocha operations into full closure. To the extent that assessment determines that the project is no longer sufficiently profitable or economically feasible under the Company’s internal requirements, it would result in negative modifications to the Company's proven and probable reserves. Additionally, should the Company ultimately decide to forgo the development of Yanacocha Sulfides, the current carrying value of the assets under construction and other long-lived assets of the Yanacocha operations could become impaired and the timing of certain closure activities would be accelerated. As of December 31, 2024, the Yanacocha operations have total long-lived assets of approximately $1,195, inclusive of approximately $827 of assets under construction related to Yanacocha Sulfides.

Furthermore, the Company continues to hold the Conga project in Peru, which the Company does not currently anticipate developing in the next ten years as the Company continues to assess Yanacocha Sulfides; accordingly, the Conga project remains in care and maintenance. Should the Company be unable to develop the Conga project or conclude that future development is not in the best interest of the business, the Company may consider other alternatives for the project, which may result in a future impairment charge for the remaining assets. The total assets at Conga were $892 and $895 at December 31, 2024 and 2023.

The Company's global operations also expose it to foreign currency exchange rates which can increase or decrease profits to the extent costs are paid in foreign currencies, including the Australian dollar, the Mexican peso, the Canadian dollar, the Argentine peso, the Peruvian sol, the Surinamese dollar, the Ghanaian cedi, and the Papua New Guinean kina. Certain mines are located in hyperinflationary economies, which included the Ahafo, Akyem, Cerro Negro, and Merian mines at December 31, 2024. The majority of the activity at these mines has historically been denominated in USD; as a result, the devaluation of the related currency has resulted in

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

an immaterial impact on the Company's financial statements. Therefore, future devaluation of these currencies is not expected to have a material impact on the Company's financial statements.

The Cerro Negro mine, located in Argentina, is a USD functional currency entity. Argentina’s central bank has enacted a number of foreign currency controls in an effort to stabilize the local currency, including requiring the Company to convert USD proceeds from metal sales to local currency and restricting payments to foreign-related entities denominated in foreign currency, such as dividends or distributions to the parent and related companies. The Company continues to monitor the foreign currency exposure risk and the limitations of repatriating cash to the United States. Currently, these currency controls are not expected to impact the Company's ability to repay its debt obligations or declare dividends.

Use of Estimates

The Company’s Consolidated Financial Statements have been prepared in accordance with GAAP. The preparation of the Company’s Consolidated Financial Statements requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. The Company must make these estimates and assumptions because certain information used is dependent on future events, cannot be calculated with a high degree of precision from data available or simply cannot be readily calculated based on generally accepted methodologies. Actual results could differ from these estimates.

The more significant areas requiring the use of management estimates and assumptions relate to mineral reserves that are the basis for future cash flow estimates utilized in impairment calculations and units-of-production amortization calculations; environmental remediation, reclamation and closure obligations; estimates of recoverable gold and other minerals in stockpile and leach pad inventories; estimates of fair value for certain reporting units and asset impairments (including impairments of long-lived assets, goodwill and investments); write-downs of inventory, stockpiles and ore on leach pads to net realizable value; post-employment, post-retirement and other employee benefit liabilities; valuation allowances for deferred tax assets; provisional amounts related to income tax effects of newly enacted tax laws; provisional amounts related to uncertain tax positions; valuation of assets acquired and liabilities assumed in a business combination; valuation of assets held for sale; reserves for contingencies and litigation; and the fair value and accounting treatment of financial instruments including marketable and other equity securities and derivative instruments. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results will differ from those amounts estimated in these financial statements.

Principles of Consolidation

The Consolidated Financial Statements include the accounts of Newmont Corporation, more-than-50%-owned subsidiaries that it controls and variable interest entities where it is the primary beneficiary. The proportionate consolidation method is used for investments in which the Company has an undivided interest in the assets, liabilities and operations and for certain unincorporated joint ventures in the extractive industry. All significant intercompany balances and transactions have been eliminated. Equity method accounting is applied for certain entities where the Company does not have control, but does have significant influence over the activities that most significantly impact the entities’ operations and financial performance. The functional currency for the majority of the Company’s operations is the U.S. dollar.

The Company follows the ASC guidance for identification and reporting of entities over which control is achieved through means other than voting rights. The guidance defines such entities as Variable Interest Entities.

Business Combination and Asset Acquisition Accounting

The Company applies a screen test to evaluate if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets to determine whether a transaction should be accounted for as an asset acquisition or business combination.

When an acquisition does not meet the definition of a business combination because either: (i) substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset, or group of similar identified assets, or (ii) the acquired entity does not have an input and a substantive process that together significantly contribute to the ability to create outputs, the Company accounts for the acquisition as an asset acquisition. In an asset acquisition, goodwill is not recognized, but rather, any excess purchase consideration over the fair value of the net assets acquired is allocated on a relative fair value basis to the identifiable net assets as of the acquisition date and any direct acquisition-related transaction costs are capitalized as part of the purchase consideration.

When an acquisition is accounted for as a business combination, the Company recognizes and measures the assets acquired and liabilities assumed based on their estimated fair values at the acquisition date, while transaction and integration costs related to business combinations are expensed as incurred. Any excess of the purchase consideration in excess of the aggregate fair value of the net tangible and intangible assets acquired, if any, is recorded as goodwill. For material acquisitions, the Company engages independent appraisers to assist with the determination of the fair value of assets acquired, liabilities assumed, noncontrolling interest, if any, and goodwill, based on recognized business valuation methodologies. An income, market or cost valuation method may be

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

utilized to estimate the fair value of the assets acquired, liabilities assumed, and noncontrolling interest, if any, in a business combination. The income valuation method represents the present value of future cash flows over the life of the asset using discrete financial forecasts, long-term growth rates, appropriate discount rates, and expected future capital requirements. The market valuation method uses prices paid for a similar asset by other purchasers in the market, normalized for any differences between the assets. The cost valuation method is based on the replacement cost of a comparable asset at the time of the acquisition adjusted for depreciation and economic and functional obsolescence of the asset. During the measurement period, not to exceed one year from the date of acquisition, the Company may record adjustments to the assets acquired and liabilities assumed, with a corresponding offset to goodwill if new information is obtained related to facts and circumstances that existed as of the acquisition date. After the measurement period, any subsequent adjustments are reflected in the period the adjustment arises.

Assets Held for Sale

We classify long-lived assets, or disposal groups comprising of assets and liabilities, as held for sale in the period in which the following six criteria are met, (i) management, having the authority to approve the action, commits to a plan to sell the property; (ii) the property is available for immediate sale in its present condition, subject only to terms that are usual and customary; (iii) an active program to locate a buyer and other actions required to complete the plan to sell have been initiated; (iv) the sale of the property is probable and is expected to be completed within one year; (v) the property is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (vi) actions necessary to complete the plan of sale indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.

The Company ceases depreciation and amortization on long-lived assets (or disposal groups) classified as held for sale, and measures them at the lower of carrying value or estimated fair value less cost to sell.

In determining the fair value of the assets less costs to sell, the Company considers factors including current sales prices for comparable assets, discounted cash flow projections, third party valuations and indicative offer information, if applicable. The Company’s assumptions about fair value require significant judgment because the current market is sensitive to changes in economic conditions, as well as asset-specific considerations. The Company estimates the fair value of assets held for sale based on current market conditions and assumptions made by management, which may differ from actual results and could result in future impairments if market conditions deteriorate.

An impairment loss on the initial classification and subsequent measurement of an asset held for sale is recognized as an expense. Any subsequent increase in fair value less costs to sell (not exceeding the accumulated impairment loss that has been previously recognized) is recognized as a reversal of expense. The Company continues to evaluate the fair value of assets held for sale and monitors market conditions and other economic factors, which could result in additional impairments in the future.

Cash, Cash Equivalents and Restricted Cash

Cash and cash equivalents consist of all cash balances and highly liquid investments with an original maturity of three months or less. Because of the short maturity of these investments, the carrying amounts approximate their fair value. Cash and cash equivalents are held in overnight bank deposits or are invested in United States Treasury securities and money market securities. Restricted cash is excluded from cash and cash equivalents and is included in other current or non-current assets. Restricted cash is held primarily for the purpose of settling asset retirement obligations.

Stockpiles, Ore on Leach Pads and Inventories

As described below, costs that are incurred in or benefit the productive process are accumulated as stockpiles, ore on leach pads and inventories. Stockpiles, ore on leach pads and inventories are carried at the lower of average cost or net realizable value. Net realizable value represents the estimated future sales price of the product based on current and long-term metals prices, less the estimated costs to complete production and bring the product to sale. Write-downs of stockpiles, ore on leach pads and inventories to net realizable value are reported as a component of Costs applicable to sales and Depreciation and amortization. The current portion of stockpiles, ore on leach pads and inventories is determined based on the expected amounts to be processed within the next 12 months and utilize the short-term metal price assumption in estimating net realizable value. Stockpiles, ore on leach pads and inventories not expected to be processed within the next 12 months are classified as non-current and utilize the long-term metal price assumption in estimating net realizable value. The major classifications are as follows:

Stockpiles

Stockpiles represent ore that has been extracted from the mine and is available for further processing. Mine sequencing may result in mining material at a faster rate than can be processed. The Company generally processes the highest ore grade material first to maximize metal production; however, a blend of metal stockpiles may be processed to balance hardness and/or metallurgy in order to maximize throughput and recovery. Processing of lower grade stockpiled ore may continue after mining operations are completed. Sulfide copper ores are subject to oxidation over time which can reduce expected future recoveries. Stockpiles are measured by estimating the number of tons added and removed from the stockpile, the number of contained ounces or pounds (based on assay data) and the estimated metallurgical recovery rates (based on the expected processing method). Stockpile ore tonnages are verified by periodic surveys. Costs are added to stockpiles based on current mining costs incurred including applicable overhead and

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(dollars in millions, except per share, per ounce and per pound amounts)

depreciation and amortization relating to mining operations and removed at each stockpile’s average cost per recoverable unit as material is processed. Carrying values are evaluated at least quarterly, in accordance with the above.

Ore on Leach Pads

Ore on leach pads represent ore that has been mined and placed on leach pads where a solution is applied to the surface of the heap to dissolve the gold or silver or extract the copper. Costs are added to ore on leach pads based on current mining costs, including applicable depreciation and amortization relating to mining operations. Costs are removed from ore on leach pads as ounces or pounds are recovered based on the average cost per estimated recoverable ounce of gold or silver or pound of copper on the leach pad. Estimates of recoverable ore on the leach pads are calculated from the quantities of ore placed on the leach pads (measured tons added to the leach pads), the grade of ore placed on the leach pads (based on assay data) and a recovery percentage (based on ore type). In general, leach pads recover between 50% and 95% of the recoverable ounces in the first year of leaching, declining each year thereafter until the leaching process is complete.

Although the quantities of recoverable metal placed on the leach pads are reconciled by comparing the grades of ore placed on pads to the quantities of metal actually recovered (metallurgical balancing), the nature of the leaching process inherently limits the ability to precisely monitor inventory levels. As a result, the metallurgical balancing process is constantly monitored and estimates are refined based on actual results over time. Historically, the Company’s operating results have not been materially impacted by variations between the estimated and actual recoverable quantities of metal on its leach pads. Variations between actual and estimated quantities resulting from changes in assumptions and estimates that do not result in write-downs to net realizable value are accounted for on a prospective basis.

In-process Inventory

In-process inventories represent material that is currently in the process of being converted to a saleable product. Conversion processes vary depending on the nature of the ore and the specific processing facility, but include mill in-circuit, flotation, leach and carbon-in-leach. In-process material is measured based on assays of the material fed into the process and the projected recoveries of the respective processing plants. In-process inventories are valued at the lower of the average cost of the material fed into the process attributable to the source material coming from the mines, stockpiles and/or leach pads, plus the in-process conversion costs, including applicable amortization relating to the process facilities incurred to that point in the process or net realizable value.

Precious Metals Inventory

Precious metals inventories include gold doré and/or gold bullion. Precious metals that result from the Company’s mining and processing activities are valued at the lower of the average cost of the respective in-process inventories incurred prior to the refining process, plus applicable refining costs or net realizable value.

Concentrate Inventory

Concentrate inventories represent gold, silver, lead, zinc and copper concentrate available for shipment or in transit for further processing when the sales process has not been completed. The Company values concentrate inventory at average cost, including an allocable portion of support costs and amortization. Costs are added and removed to the concentrate inventory based on metal in the concentrate and are valued at the lower of average cost or net realizable value.

Materials and Supplies

Materials and supplies are valued at the lower of average cost or net realizable value. Cost includes applicable taxes and freight.

Property, Plant and Mine Development

Facilities and Equipment

Expenditures for new facilities or equipment and expenditures that extend the useful lives of existing facilities or equipment are capitalized and recorded at cost. Facilities and equipment acquired as a part of a finance lease, build-to-suit or other financing arrangement are capitalized and recorded based on the contractual lease terms. The facilities and equipment are depreciated using the straight-line method at rates sufficient to depreciate such capitalized costs over the estimated productive lives of such facilities. These estimated productive lives do not exceed the related estimated mine lives, which are based on proven and probable reserves.

Mine Development

Mine development costs include engineering and metallurgical studies, drilling and other related costs to delineate an ore body, the removal of overburden to initially expose an ore body at open pit surface mines and the building of access ways, shafts, lateral access, drifts, ramps and other infrastructure at underground mines. Costs incurred before mineralization is classified as proven and probable reserves are expensed and classified as Exploration or Advanced projects, research and development expense.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Capitalization of mine development project costs that meet the definition of an asset begins once mineralization is classified as proven and probable reserves.

Drilling and related costs are capitalized for an ore body where proven and probable reserves exist and the activities are directed at obtaining additional information on the ore body or converting measured, indicated and inferred resources to proven and probable reserves. All other drilling and related costs are expensed as incurred. Drilling costs incurred during the production phase for operational ore control are allocated to inventory costs and then included as a component of Costs applicable to sales.

The cost of removing overburden and waste materials to access the ore body at an open pit mine prior to the production phase are referred to as “pre-stripping costs.” Pre-stripping costs are capitalized during the development of an open pit mine. Where multiple open pits exist at a mining complex utilizing common processing facilities, pre-stripping costs are capitalized at each pit. The removal, production, and sale of de minimis saleable materials may occur during the development phase of an open pit mine and are assigned incremental mining costs related to the removal of that material.

The production phase of an open pit mine commences when saleable minerals, beyond a de minimis amount, are produced. Stripping costs incurred during the production phase of a mine are variable production costs that are included as a component of inventory to be recognized in Costs applicable to sales in the same period as the revenue from the sale of inventory.

Mine development costs are amortized using the units-of-production method based on estimated recoverable ounces or pounds in proven and probable reserves. To the extent that these costs benefit an entire ore body, they are amortized over the estimated life of the ore body. Costs incurred to access specific ore blocks or areas that only provide benefit over the life of that area are amortized over the estimated life of that specific ore block or area.

Underground development costs incurred before mineralization is classified as proven and probable reserves are expensed and classified as Exploration or Advanced projects, research and development expense. Capitalization of mine development project costs that meet the definition of an asset begins once mineralization is classified as proven and probable reserves.

Mineral Interests

Mineral interests include acquired interests in production, development and exploration stage properties. Mineral interests are capitalized at their fair value at the acquisition date, either as an individual asset purchase or as part of a business combination. Mineral interests in the development and exploration stage are not amortized until the underlying property is converted to the production stage, at which point the mineral interests are amortized over the estimated recoverable proven and probable reserves.

The value of such assets is primarily driven by the nature and amount of mineral interests believed to be contained in such properties. Production stage mineral interests represent interests in operating properties that contain proven and probable reserves and are amortized using the units-of-production method based on the estimated recoverable ounces or pounds in proven and probable reserves. Development stage mineral interests represent interests in properties under development that contain proven and probable reserves. Exploration stage mineral interests represent interests in properties that are believed to potentially contain mineral resources consisting of (i) mineral resources within pits; mineral resources with insufficient drill spacing to qualify as proven and probable reserves; and mineral resources in close proximity to proven and probable reserves; (ii) around-mine exploration potential not immediately adjacent to existing reserves and mineralization, but located within the immediate mine area; (iii) other mine-related exploration potential that is not part of current resources and is comprised mainly of material outside of the immediate mine area; (iv) greenfield exploration potential that is not associated with any other production, development or exploration stage property, as described above; or (v) any acquired right to explore or extract a potential mineral deposit. The Company’s mineral rights generally are enforceable regardless of whether proven and probable reserves have been established. In certain limited situations, the nature of a mineral right changes from an exploration right to a mining right upon the establishment of proven and probable reserves. The Company has the ability and intent to renew mineral interests where the existing term is not sufficient to recover all identified and valued proven and probable reserves and/or undeveloped mineral resources.

Goodwill

Goodwill represents the excess of the purchase price over the estimated fair value of the net assets acquired in a business acquisition. Goodwill is allocated to reporting units and tested for impairment annually as of December 31 and when events or changes in circumstances indicate that the carrying value of a reporting unit exceeds its fair value. Each operating mine is considered a distinct reporting unit for purposes of goodwill impairment testing.

The Company may elect to perform a qualitative assessment when it is more likely than not that the fair value of a reporting unit is higher than its carrying value. If the Company determines that it is more likely than not that the fair value is less than the carrying value, a quantitative goodwill impairment test is performed to determine the fair value of the reporting unit. The fair value of a reporting unit is determined using either the income approach utilizing estimates of discounted future cash flows or the market approach utilizing recent transaction activity for comparable properties. These approaches are considered Level 3 fair value measurements. If the carrying amount of the reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The Company recognizes its pro rata share of goodwill and any subsequent goodwill impairment losses recorded by entities that are proportionately consolidated.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

The estimated cash flows used to assess the fair value of a reporting unit are derived from the Company’s current business plans, which are developed using short-term price forecasts reflective of the current price environment and management’s projections for long-term average metal prices. In addition to short- and long-term metal price assumptions, other assumptions include estimates of commodity-based and other input costs; capital investments; proven and probable mineral reserves estimates, including the timing and cost to develop and produce the reserves; value beyond proven and probable mineral reserve estimates; estimated future closure costs; the use of appropriate discount rates; and applicable U.S. dollar long-term exchange rates.

Impairment of Long-lived Assets

The Company reviews and evaluates its long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. An impairment loss is measured and recorded based on the estimated fair value of the long-lived assets being tested for impairment, and their carrying amounts. Fair value is typically determined through the use of an income approach utilizing estimates of discounted pre-tax future cash flows or a market approach utilizing recent transaction activity for comparable properties. These approaches are considered Level 3 fair value measurements. Occasionally, such as when an asset is held for sale, market prices are used.

The estimated undiscounted cash flows used to assess recoverability of long-lived assets and to measure the fair value of the Company’s mining operations are derived from current business plans, which are developed using short-term price forecasts reflective of the current price environment and management’s projections for long-term average metal prices. In addition to short- and long-term metal price assumptions, other assumptions include estimates of commodity-based and other input costs; proven and probable mineral reserve estimates, including the timing and cost to develop and produce the reserves; value beyond proven and probable mineral reserve estimates; estimated future closure costs; and the use of appropriate discount rates.

In estimating undiscounted cash flows, assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of undiscounted cash flows from other asset groups. The Company’s estimates of undiscounted cash flows are based on numerous assumptions and it is possible that actual cash flows may differ significantly from estimates, as actual produced reserves, metal prices, commodity-based and other costs, and closure costs are each subject to significant risks and uncertainties.

Investments

Time Deposits

Time deposits with an original maturity of more than three months but less than one year are included within Investments. These time deposits are carried at amortized cost. Accrued interest is recorded in Other income (loss), net.

Equity Method Investments

Management classifies investments at the acquisition date and re-evaluates the classification at each balance sheet date and when events or changes in circumstances indicate that there is a change in the Company’s ability to exercise significant influence. The ability to exercise significant influence is typically presumed when the Company possesses 20% or more of the voting interests in the investee. The Company accounts for its investments in stock of other entities over which the Company has significant influence, but not control, using the equity method of accounting. Under the equity method of accounting, the Company increases its investment for contributions made and records its proportionate share of net earnings, declared dividends and partnership distributions based on the most recently available financial statements of the investee. To the extent that there is a basis difference between the amount invested and the underlying equity in the net assets of an equity investment, the Company allocates such differences between tangible and intangible assets. This basis difference is being amortized into Equity income (loss) of affiliates over the remaining estimated useful lives of the underlying tangible and intangible net assets. The Company from time to time will elect the fair value option to account for its equity method investments if the fair value option better reflects the economics of its investment. Equity method investments accounted for under the fair value option are remeasured periodically with any changes in fair value recorded in Other income (loss), net. Equity method investments are included in Investments.

Contributions made to equity method investees at times are in the form of loan agreements. Loans provided to equity method investees that are made based on the Company's proportionate ownership percentage are accounted for as “in-substance capital contributions” and are treated as an increase to the investment. Principal and interest payments received on loans treated as in-substance capital contributions are assessed under the cumulative earnings approach to determine if the distribution received represents a return on capital or a return of capital. Return on capital distributions are recorded as an operating cash flow whereas return of capital distributions are recorded as an investing cash flow. Loans provided to equity method investees that are not made on a proportionate basis are accounted for as a loan receivable and do not increase the investment. Principal payments received on loans not treated as an in-substance capital contribution are accounted for as a reduction to the loan receivable and interest received is recorded as interest income.

The Company evaluates its equity method investments for potential impairment whenever events or changes in circumstances indicate that there is an other-than-temporary decline in the value of the investment. Declines in fair value that are deemed to be other-than-temporary are charged to Other income (loss), net.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Marketable Equity, Debt, and Other Equity Securities

The Company has certain marketable equity and debt securities and other equity securities. Marketable equity securities are measured primarily at fair value with any changes in fair value recorded in Other income (loss), net. Certain other equity securities are accounted for under the measurement alternative (cost less impairment, adjusted for any qualifying observable price changes) when fair value is not readily determinable. The Company accounts for its restricted marketable debt securities as available-for-sale securities. Unrealized gains and losses on available-for-sale investments, net of taxes, are reported as a component of Accumulated other comprehensive income (loss) in Total equity, unless an impairment is deemed to be credit-related. Credit-related impairment is recognized as an allowance for credit losses on the balance sheet with a corresponding charge to Other income (loss), net.

Derivative Instruments

The Company holds derivatives for risk management purposes rather than for trading. The Company uses derivatives to mitigate uncertainty and volatility caused by underlying exposures to foreign exchange rates and energy prices. The fair values of all derivative instruments are recognized as assets or liabilities at the balance sheet date and are reported gross.

Financial instruments that meet the definition of a derivative, but are not designated for hedge accounting under ASC 815, are accounted for at fair value using derivative pricing models. Valuation models require a variety of inputs, including long term metal prices, life of mine production profiles, discount rates, and inflation assumptions. These instruments are subsequently remeasured to their fair value at each reporting date with the resulting gain or loss recognized in the Consolidated Statement of Operations.

Cash Flow Hedges

The fair value of derivative contracts qualifying as cash flow hedges are reflected as assets or liabilities in the Consolidated Balance Sheets. The changes in fair value of these hedges are deferred in Accumulated other comprehensive income (loss). Amounts deferred in Accumulated other comprehensive income (loss) are reclassified to income when the hedged transaction has occurred in the same income statement line where the earnings effect of the hedged item is presented. Cash transactions related to the Company’s derivative contracts accounted for as hedges are classified in the same category as the item being hedged in the Consolidated Statements of Cash Flows.

When derivative contracts qualifying as cash flow hedges are settled, accelerated or restructured before the maturity date of the contracts, the related amount in Accumulated other comprehensive income (loss) at the settlement date is deferred and reclassified to earnings, when the originally designated hedged transaction impacts earnings and is presented in the same income statement line item as the earnings effect of the hedged item, unless the underlying hedge transaction becomes probable of not occurring, at which time related amounts in Accumulated other comprehensive income (loss) are reclassified to earnings immediately.

Debt

The Company carries its Senior Notes at amortized cost.

Debt issuance costs and debt premiums and discounts, which are included in Debt, are amortized using the effective interest method over the terms of the respective Senior Notes as a component of Interest expense, net of capitalized interest within the Consolidated Statements of Operations.

Gain or loss on extinguishment of debt is recorded as a component of Other income (loss), net upon the extinguishment of a debt instrument and is calculated as the difference between the reacquisition price and net carrying amount of the debt, which includes unamortized debt issuance costs. The Company evaluates all changes to its debt arrangements to determine whether the changes represent a modification or extinguishment to the old debt arrangement. If a debt instrument is deemed to be modified, the Company capitalizes all new lender fees and expenses all third-party fees. If it is determined that an extinguishment of one of the Company's debt instruments has occurred, the unamortized financing fees associated with the extinguished instrument are expensed. For the revolving loans, all lender and third-party fees are capitalized, and in the event an amendment reduces the committed capacity under the revolving loans, the Company will expense a portion of any unamortized fees on a pro-rata basis in proportion to the decrease in the committed capacity.

Leases

The Company determines if a contractual arrangement represents or contains a lease at inception. Operating leases are included in Other non-current assets and Other current and non-current liabilities in the Consolidated Balance Sheets. Finance leases are included in Property, plant and mine development, net and current and non-current Lease and other financing obligations in the Consolidated Balance Sheets.

Operating and finance lease right-of-use ("ROU") assets and lease liabilities are recognized at the lease commencement date based on the present value of the future lease payments over the lease term. Leases acquired in a business combination are also measured based on the present value of the remaining leases payments, as if the acquired lease were a new lease at the acquisition date. When the rate implicit to the lease cannot be readily determined, the Company utilizes its incremental borrowing rate in

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

determining the present value of the future lease payments. The incremental borrowing rate is derived from information available at the lease commencement date and represents the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term and amount equal to the lease payments in a similar economic environment. The ROU asset includes any lease payments made and lease incentives received prior to the commencement date. Operating lease ROU assets also include any cumulative prepaid or accrued rent when the lease payments are uneven throughout the lease term. The ROU assets and lease liabilities may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option.

The Company has lease arrangements that include both lease and non-lease components. The Company accounts for each separate lease component and its associated non-lease components as a single lease component for the majority of its asset classes. Additionally, for certain lease arrangements that involve leases of similar assets, the Company applies a portfolio approach to effectively account for the underlying ROU assets and lease liabilities.

Common Stock

Newmont filed a shelf registration statement on Form S-3 under which it can issue an indeterminate number or amount of common stock, preferred stock, debt securities, guarantees of debt securities and warrants from time to time at indeterminate prices, subject to the limitations of the Delaware General Corporation Law, the Company's certification of incorporation and bylaws. It also includes the ability to resell an indeterminate amount of common stock, preferred stock and debt securities from time to time upon exercise of warrants or conversion of convertible securities.

Treasury Stock

The Company records repurchases of common shares as Treasury stock at cost and records any subsequent retirements of treasury shares at cost. When treasury shares are retired, the Company’s policy is to allocate the excess of the repurchase price over the par value of shares acquired to both Retained earnings and Additional paid-in capital using settlement-date accounting. The portion allocated to Additional paid-in capital is calculated on a pro rata basis of the shares to be retired and the total shares issued and outstanding as of the date of the retirement.

During the years ended December 31, 2024, the Company repurchased and retired approximately 26 million shares of its common stock for $1,246. No repurchases occurred during the years ended December 31, 2023 and 2022. During the years ended December 31, 2024, 2023 and 2022, the Company withheld 0.4 million, 0.6 million and 0.6 million shares, respectively, for payments of employee withholding taxes related to the vesting of stock awards.

Revenue Recognition

Newmont generates revenue by selling gold, copper, silver, lead, and zinc produced from its mining operations. Refer to Note 4 for further information regarding the Company’s operating segments.

The majority of the Company’s Sales come from the sale of refined gold; however, the end product at the Company’s gold operations is generally doré bars. Doré is an alloy consisting primarily of gold but also containing silver and other metals. Doré is sent to refiners to produce bullion that meets the required market standard of 99.95% gold. Under the terms of the Company’s refining agreements, the doré bars are refined for a fee, and the Company’s share of the refined gold and the separately-recovered silver is credited to its bullion account. Gold from doré bars credited to its bullion account is typically sold to banks or refiners.

A portion of gold sold from certain sites is sold in the form of concentrate. The Company’s Sales also come from the sale of copper, silver, lead, and zinc. Sales from these metals are generally in the form of concentrate, which is sold to smelters for further treatment and refining.

Generally, if a metal expected to be mined represents more than 10% to 20% of the life of mine sales value of all the metal expected to be mined, co-product accounting is applied. When the Company applies co-product accounting at an operation, revenue is recognized for each co-product metal sold, and shared costs applicable to sales are allocated based on the relative sales values of the co-product metals produced. Generally, if metal expected to be mined is less than the 10% to 20% of the life of mine sales value, by-product accounting is applied. Revenues from by-product sales, which are immaterial, are credited to Costs applicable to sales as a by-product credit. Silver, lead and zinc are produced as co-products at Peñasquito. Copper is produced as a co-product at Red Chris, Boddington, Cadia, and Telfer. Aside from the co-product sales at Red Chris, Peñasquito, Boddington, Cadia, and Telfer, copper and silver produced at other Newmont sites are by-product metals.

Gold Sales from Doré Production

The Company recognizes revenue for gold from doré production when it satisfies the performance obligation of transferring gold inventory to the customer, which generally occurs upon transfer of gold bullion credits as this is the point at which the customer obtains control the ability to direct the use and obtains substantially all of the remaining benefits of ownership of the asset.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

The Company generally recognizes the sale of gold bullion credits when the credits are delivered to the customer. The transaction price is determined based on the agreed upon market price and the number of ounces delivered. Payment is due upon delivery of gold bullion credits to the customer’s account.

Sales from Concentrate Production

The Company recognizes revenue for gold, copper, silver, lead, and zinc from concentrate production, net of treatment and refining charges, when it satisfies the performance obligation of transferring control of the concentrate to the customer. This generally occurs as material passes over the vessel's rail at the port of loading based on the date from the bill of lading, as the customer has the ability to direct the use of and obtain substantially all of the remaining benefits from the material and the customer has the risk of loss. Newmont has elected to account for shipping and handling costs for concentrate contracts as fulfillment activities and not as promised goods or services; therefore these activities are not considered separate performance obligations.

The Company generally sells metal concentrate based on the monthly average market price for a future month, dependent on the relevant contract, following the month in which the delivery to the customer takes place. The amount of revenue recognized for concentrates is initially recorded on a provisional basis based on the forward prices for the estimated month of settlement and the Company’s estimated metal quantities based on assay data. The Company’s sales based on a provisional price contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of the concentrates at the forward price at the time of sale. The embedded derivative, which is not designated for hedge accounting, is primarily marked to market through Sales each period prior to final settlement. The Company also adjusts estimated metal quantities used in computing provisional sales using new information and assay data from the smelter as it is received (if any).

A provisional payment is generally due upon delivery of the concentrate to the customer. Final payment is due upon final settlement of price and quantity with the customer.

The principal risks associated with recognition of sales on a provisional basis include metal price fluctuations and updated quantities between the date the sale is recorded and the date of final settlement. If a significant decline in metal prices occurs, or assay data results in a significant change in quantity between the provisional pricing date and the final settlement date, it is reasonably possible that the Company could be required to return a portion of the provisional payment received on the sale. Refer to Note 5 for additional information.

Income and Mining Taxes

The Company accounts for income taxes using the liability method, recognizing certain temporary differences between the financial reporting basis of the Company’s liabilities and assets and the related income tax basis for such liabilities and assets. This method generates either a net deferred income tax liability or asset for the Company, as measured by the statutory tax rates in effect. The Company derives its deferred income tax charge or benefit by recording the change in either the net deferred income tax liability or asset balance for the year. The financial statement effects of changes in tax law are recorded as discrete items in the period enacted as part of income tax expense or benefit from continuing operations, regardless of the category of income or loss to which the deferred taxes relate. The Company determines if the assessment of a particular income tax effect is “complete.” Those effects for which the accounting is determined to be complete are reported in the enactment period financial statements. The Company has exposure to the impact of foreign exchange fluctuations on tax positions in certain jurisdictions, such movements are recorded within Income and mining tax benefit (expense) related to deferred income tax assets and liabilities, as well as non-current uncertain tax positions, while foreign exchange fluctuations impacting current tax positions are recorded within Other income (loss), net as foreign currency exchange gains (losses). With respect to the earnings that the Company derives from the operations of its consolidated subsidiaries, in those situations where the earnings are indefinitely reinvested, no deferred taxes have been provided on the unremitted earnings (including the excess of the carrying value of the net equity of such entities for financial reporting purposes over the tax basis of such equity) of these consolidated companies.

Mining taxes represent state and provincial taxes levied on mining operations and are classified as income taxes. As such, taxes are based on a percentage of mining profits.

Newmont’s operations are in multiple jurisdictions where uncertainties arise in the application of complex tax regulations. Some of these tax regimes are defined by contractual agreements with the local government, while others are defined by general tax laws and regulations. Newmont and its subsidiaries are subject to reviews of its income tax filings and other tax payments, and disputes can arise with the taxing authorities over the interpretation of its contracts or laws. The Company recognizes potential liabilities and records tax liabilities for anticipated tax audit issues in the U.S. and other tax jurisdictions based on its estimate of whether it is more likely than not, and the extent to which, additional taxes will be due. The Company adjusts these reserves in light of changing facts and circumstances; however, due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the Company’s current estimate of the tax liabilities. If the Company’s estimate of tax liabilities proves to be less than the ultimate assessment, an additional charge to expense would result. If the estimate of tax liabilities proves to be greater than the ultimate assessment, a tax benefit would result. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in Income and mining tax benefit (expense). In certain jurisdictions, Newmont must pay a portion of the disputed amount to the local government in order to formally appeal the assessment. Such payment is recorded as a receivable if Newmont believes the amount is collectible.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Valuation of Deferred Tax Assets

The Company’s deferred income tax assets include certain future tax benefits. The Company records a valuation allowance against any portion of those deferred income tax assets when it believes, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred income tax asset will not be realized. The Company reviews the likelihood that it will realize the benefit of its deferred tax assets and therefore the need for valuation allowances on a quarterly basis, or more frequently if events indicate that a review is required. In determining the requirement for a valuation allowance, the historical and projected financial results of the legal entity or consolidated group recording the net deferred tax asset is considered, along with all other available positive and negative evidence.

Certain categories of evidence carry more weight in the analysis than others based upon the extent to which the evidence may be objectively verified. The Company looks to the nature and severity of cumulative pretax losses (if any) in the current three-year period ending on the evaluation date, recent pretax losses and/or expectations of future pretax losses. Other factors considered in the determination of the probability of the realization of the deferred tax assets include, but are not limited to:

•Earnings history;

•Projected future financial and taxable income based upon existing reserves and long-term estimates of commodity prices;

•The duration of statutory carry forward periods;

•Prudent and feasible tax planning strategies readily available that may alter the timing of reversal of the temporary difference;

•Nature of temporary differences and predictability of reversal patterns of existing temporary differences; and

•The sensitivity of future forecasted results to commodity prices and other factors.

Concluding that a valuation allowance is not required is difficult when there is significant negative evidence which is objective and verifiable, such as cumulative losses in recent years. The Company utilizes a rolling twelve quarters of pre-tax income or loss as a measure of its cumulative results in recent years. However, a cumulative three year loss is not solely determinative of the need for a valuation allowance. The Company also considers all other available positive and negative evidence in its analysis.

Reclamation and Remediation Costs

Reclamation obligations associated with operating and non-operating mine sites are recognized when an obligation is incurred and the estimated costs can be reasonably measured. Fair value is measured as the present value of expected cash flow estimates, after considering inflation, the Company's credit-adjusted risk-free rates and a market risk premium appropriate for the Company's operations. The liability is accreted over time through periodic charges to earnings. In addition, the asset retirement cost is capitalized as part of the asset’s carrying value and amortized over the life of the related asset. Reclamation costs are periodically adjusted to reflect changes in the estimated present value resulting from the passage of time and revisions to the estimates of either the timing or amount of the reclamation costs. Changes in reclamation estimates at mines that are not currently operating, as the mine or portion of the mine site has entered the closure phase and has no substantive future economic value, are reflected in earnings in the period an estimate is revised. The estimated reclamation obligation is based on when spending for an existing disturbance is expected to occur. Costs included in estimated asset retirement obligations are discounted to their present value as cash flows are readily estimable over a period of up to fifty years. The Company reviews, on an annual basis, unless otherwise deemed necessary, the reclamation obligation at each mine site in accordance with ASC guidance for asset retirement obligations.

Remediation costs are accrued when it is probable that an obligation has been incurred and the cost can be reasonably estimated. Such cost estimates may include ongoing care, maintenance and monitoring costs. Changes in remediation estimates at operating and non-operating mines are reflected in earnings in the period an estimate is revised. Water treatment costs included in environmental remediation obligations are discounted to their present value as cash flows are readily estimable over a period up to fifty years.

Foreign Currency

The functional currency for the majority of the Company’s operations is the U.S. dollar. Transaction gains and losses related to foreign currency denominated monetary assets and liabilities where the functional currency is the U.S. dollar are remeasured at current exchange rates and the resulting adjustments are included in Other income (loss), net. The financial statements of the Company's foreign entities with functional currencies other than the U.S. dollar are translated into U.S. dollars with the resulting adjustments charged or credited directly to Accumulated other comprehensive income (loss) in Total equity. All assets and liabilities are translated into the U.S. dollar using exchange rates in effect at the balance sheet date, while revenues and expenses are translated at the weighted average exchange rates for the period. The gains or losses on foreign currency rates on cash holdings in foreign currencies are included in Effect of exchange rate changes on cash, cash equivalents and restricted cash in the Company’s Consolidated Statements of Cash Flows.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Stock-Based Compensation

The Company records stock-based compensation awards exchanged for employee services at fair value on the date of the grant and expenses the awards in the Consolidated Statements of Operations over the requisite employee service period. The fair value of RSUs are based on the Newmont stock price on the date of grant. The fair value of PSUs with market-related conditions is determined using a Monte Carlo simulation model. The fair value of PSUs with performance-related conditions is determined based on the Newmont stock price on the date of grant and the probability of the performance conditions being met. Stock-based compensation expense related to all awards, including awards with a market or performance condition that cliff vest, is generally recognized ratably over the requisite service period of the award on a straight-line basis. The Company recognizes forfeitures as they occur. The Company's estimates may be impacted by certain variables including, but not limited to, stock price volatility, employee retirement eligibility dates, the Company's performance and related tax impacts.

Net Income (Loss) per Common Share

Basic and diluted income (loss) per share are presented for Net income (loss) attributable to Newmont stockholders. Basic income (loss) per common share is computed by dividing income (loss) available to Newmont common stockholders by the weighted average number of common shares outstanding during the period. Diluted income (loss) per common share is computed similarly except that weighted average common shares is increased to reflect all dilutive instruments, including employee stock awards. Dilutive securities are excluded from the calculation of diluted weighted average common shares outstanding if their effect would be anti-dilutive based on the treasury stock method or due to a net loss from continuing operations.

Discontinued Operations

The Company reports the results of operations of a business as discontinued operations if a disposal represents a strategic shift that has (or will have) a major effect on the Company’s operations and financial results when the business is classified as held for sale, in accordance with ASC 360, Property, Plant and Equipment and ASC 205-20, Presentation of Financial Statements - Discontinued Operations. Under ASC 360, assets may be classified as held for sale even though discontinued operations classification is not met. Equity method investments, which are specifically scoped out of ASC 360, can only be classified as held for sale if discontinued operations classification is also achieved. The results of discontinued operations are reported in Net income (loss) from discontinued operations, net of tax in the accompanying Consolidated Statements of Operations for current and prior periods, including any gain or loss recognized on closing or adjustment of the carrying amount to fair value less cost to sell.

Comprehensive Income (Loss)

In addition to Net income (loss), Comprehensive income (loss) includes all changes in equity during a period, such as adjustments to minimum pension liabilities, foreign currency translation adjustments, changes in fair value of derivative instruments that qualify as cash flow hedges and cumulative unrecognized changes in fair value of marketable debt securities classified as available-for-sale, except those resulting from investments by and distributions to owners.

Care and Maintenance

The Company incurs certain direct operating costs and depreciation and amortization costs when operations are temporarily halted and placed in care and maintenance. Direct operating costs incurred while operations are temporarily placed in care and maintenance are included in Other expense, net as these costs do not benefit the productive process and are not related to sales. Depreciation and amortization costs incurred while operations are temporarily placed in care and maintenance are included in Depreciation and amortization.

Reclassifications

Certain amounts and disclosures in prior years have been reclassified to conform to the 2024 presentation.

Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules

Segments Reporting

In November 2023, ASU 2023-07 was issued which improves disclosures about a public entity’s reportable segments and addresses requests from investors and other allocators of capital for additional, more detailed information about a reportable segment’s expenses. The ASU applies to all public entities that are required to report segment information in accordance with ASC 280. The Company adopted this standard as of January 1, 2024. The adoption did not have a material impact on the consolidated financial statements or disclosures.

Inflation Reduction Act

In August 2022, the U.S. government enacted the Inflation Reduction Act of 2022 (the "IRA") into law. The IRA introduced an excise tax on stock repurchases of 1% of the fair market value of stock repurchases net of stock issued during the tax year and a corporate alternative minimum tax (the "Corporate AMT") of 15% on the adjusted financial statement income ("AFSI") of corporations

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

with average AFSI exceeding $1 billion over a three-year period. The excise tax on stock repurchases is effective on net stock repurchases made after December 31, 2022 and the Corporate AMT is effective for tax periods beginning in fiscal year 2023. While waiting on pending Department of Treasury regulatory guidance, the Company is continuing to monitor developments. Based upon information known to date, no material impacts are expected to the Consolidated Financial Statements, disclosures, or cash flows.

In 2024, Pillar II is set to take effect. The Pillar II agreement was signed by 138 countries with the intent to equalize corporate tax around the world by implementing a global minimum tax of 15%. As Newmont primarily does business in jurisdictions with a tax rate greater than 15%, the Company does not anticipate a material impact to the Consolidated Financial Statements.

Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules

Disaggregation of Income Statement Expenses

In November 2024, ASU 2024-03 was issued, requiring additional disclosures in the notes to the financial statements on the nature of certain expense captions presented on the face of the Consolidated Statement of Operations. The new guidance is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the impacts of the guidance on its Consolidated Financial Statements.

SEC Climate Rule

In March 2024, the SEC issued a final rule that requires registrants to disclose climate-related information in their annual reports and in registration statements. In April 2024, the SEC chose to stay the newly adopted rulemaking pending judicial review of related consolidated Eighth Circuit petitions. If the stay is lifted, certain disclosures may be required in annual reports for the year ending December 31, 2025, filed in 2026. The Company is currently evaluating the impacts of the rules on its consolidated financial statements.

Improvement to Income Tax Disclosures

In December 2023, ASU 2023-09 was issued, requiring disaggregated information about the effective tax rate reconciliation and additional information on taxes paid that meet a qualitative threshold. The new guidance is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impacts of the guidance on its Consolidated Financial Statements.

NOTE 3 ACQUISITIONS AND DIVESTITURES

Business Acquisition

On November 6, 2023 (the “acquisition date”), Newmont completed its business combination transaction with Newcrest, a public Australian mining company limited by shares, whereby Newmont, through Newmont Sub, acquired all of the ordinary shares of Newcrest, pursuant to a court-approved scheme of arrangement under Part 5.1 of the Australian Corporations Act 2001 (Cth) between Newcrest and its stockholders, as contemplated by a scheme implementation deed, dated as of May 15, 2023, by and among Newmont, Newmont Sub and Newcrest, as amended from time to time. Upon implementation, Newmont completed the business acquisition of Newcrest, in which Newmont was the acquirer and Newcrest became a direct wholly owned subsidiary of Newmont Sub and an indirect wholly owned subsidiary of Newmont (such acquisition, the “Newcrest transaction”). The acquisition of Newcrest increased the Company’s gold and other metal reserves and expanded its operating jurisdictions.

The acquisition date fair value of the consideration transferred consisted of the following:

(in millions, except share and per share data)	Shares	Per Share		Purchase Consideration
Stock Consideration
Shares of Newmont exchanged for Newcrest outstanding ordinary shares	357,691,627	$	37.88	$	13,549
Total Purchase Price				$	13,549

The Company retained an independent appraiser to determine the fair value of assets acquired and liabilities assumed. In accordance with the acquisition method of accounting, the purchase price of Newcrest was allocated to the acquired assets and assumed liabilities based on their estimated acquisition date fair values. The fair value estimates were based on income, market and cost valuation methods. The excess of the total consideration over the estimated fair value of the amounts assigned to the identifiable assets acquired and liabilities assumed was recorded as goodwill, which is not deductible for income tax purposes. The goodwill balance is mainly attributable to: (i) the acquisition of existing operating mines with access to an assembled workforce that cannot be duplicated at the same costs by new entrants; (ii) operating synergies anticipated from the integration of the operations of Newmont and Newcrest; and (iii) the application of Newmont’s Full Potential program and potential strategic and financial benefits that include the increase in reserve base and opportunities to identify additional mineralization through exploration activities.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

In 2024, the Company completed the analysis to assign fair values to all assets acquired and liabilities assumed. The following table summarizes the final purchase price allocation for the Newcrest transaction:

ASSETS
Cash and cash equivalents	$	668
Trade receivables	212
Inventories	723
Stockpiles and ore on leach pads	113
Derivative assets	42
Other current assets	193
Current assets	1,951
Property, plant and mine development, net (1)	13,504
Investments (2)	990
Stockpiles and ore on leach pads (3)	219
Deferred income tax assets (4)	75
Goodwill (5)	2,401
Derivative assets	362
Other non-current assets (6)	398
Total assets	19,900
LIABILITIES
Accounts payable	344
Employee-related benefits	143
Lease and other financing obligations	16
Debt	1,923
Other current liabilities	333
Current liabilities	2,759
Debt (7)	1,373
Lease and other financing obligations	35
Reclamation and remediation liabilities (8)	745
Deferred income tax liabilities (4)	1,236
Employee-related benefits	192
Other non-current liabilities	11
Total liabilities	6,351
Net assets acquired	$	13,549

____________________________

(1)The fair value of property, plant and mine development is based on applying income, market, and cost valuation methods. Measurement period adjustments of $321 increased Property, plant and mine development, net, from the preliminary valuation primarily related to the Canadian, Lihir, and Telfer assets.

(2)The fair value of the investments was determined by applying the market approach, based on quoted prices for the acquired investments.

(3)The fair value of stockpiles and ore on leach pads is based on applying the income valuation method. Measurement period adjustments of $85 increased Stockpiles and ore on leach pads from the preliminary valuation primarily relating to the valuation of stockpiles at Lihir.

(4)Deferred income tax assets and liabilities represent the future tax benefit or future tax expense associated with the differences between the fair value allocated to assets (excluding the majority of the goodwill balance) and liabilities and a tax basis increase to the fair value of the assets acquired in Australia and the historical carryover tax basis of assets and liabilities in all other jurisdictions. No deferred tax liability is recognized for the basis difference inherent in the fair value allocated to goodwill. Measurement period adjustments resulted in Deferred income tax assets decreasing by $114 and Deferred income tax liabilities decreasing by $95 from the preliminary valuation.

(5)Goodwill is attributable to the following reportable segments: $669 to Brucejack; $539 to Red Chris; $249 to Cadia; and $944 to Lihir. Measurement period adjustments resulted in an overall reduction to Goodwill of $343 from the preliminary valuation.

(6)Measurement period adjustments of $305 increased Other non-current assets from the preliminary valuation primarily due to the recognition of an intangible asset.

(7)The fair value of the Newcrest senior notes was measured using a market approach, based on quoted prices for the acquired debt.

(8)The fair value of reclamation and remediation liabilities is based on the expected amounts and timing of cash flows for closure activities and discounted to present value using a credit-adjusted risk-free rate as of the acquisition date. Key assumptions include the costs and timing of key closure activities based on the life of mine plans, including estimates and timing of monitoring and water management costs (if applicable) after the completion of initial closure activities. Measurement period adjustments of $352 increased Reclamation and remediation liabilities.

Sales and Net income (loss) attributable to Newmont stockholders in the Consolidated Statement of Operations includes Newcrest revenue of $944 and Newcrest net income of $136 from the acquisition date to December 31, 2023.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Pro Forma Financial Information (unaudited)

The following unaudited pro forma financial information presents consolidated results assuming the Newcrest transaction occurred on January 1, 2022.

	Year Ended December 31,
	2023		2022
Sales	$	15,432	$	16,418
Net income (loss) attributable to Newmont stockholders (1)	$	(1,991)	$	410

____________________________

(1)Includes $464 of Newcrest transaction and integration costs for the year ended December 31, 2023.

Divestitures

Based on a comprehensive review of the Company’s portfolio of assets, the Company’s Board of Directors approved a portfolio optimization program to divest six non-core assets and a development project in February 2024. The non-core assets to be divested include the CC&V, Musselwhite, Porcupine, Éléonore, Telfer, and Akyem reportable segments, and the Coffee development project which is included within the non-operating segment Corporate and Other. The Telfer disposal group also includes the Havieron development project, which was 70% owned by the Company and accounted for under proportionate consolidation, and other related assets. As of December 31, 2023, the aggregate net book value of the non-core assets and the development project was $3,419.

In February 2024, based on progress made through the Company's active sales program and management’s expectation that the sale is probable and will be completed within 12 months, the Company concluded that these non-core assets and the development project met the accounting requirements to be presented as held for sale. Upon meeting the requirements to be presented as held for sale, the six non-core assets and the development project were recorded at the lower of the carrying value or fair value, less costs to sell, and are periodically valued until sale occurs.

In the September 2024, the Company entered into a definitive agreement to sell the assets of Telfer reportable segment, which closed in the fourth quarter of 2024. Refer below for further information on the sale. Additionally, in the fourth quarter of 2024 the Company entered into definitive agreements to sell the reportable segments of Akyem, Musselwhite, Éléonore, and CC&V, and in January 2025 the Company entered into a definitive agreement to sell the Porcupine reportable segment, all of which are expected to close in the first half of 2025 and remained designated as held for sale at December 31, 2024.

Telfer Sale. The Company completed the sale of the assets of the Telfer reportable segment, including its 70% interest in the Havieron development project and other related assets, to Greatland Gold plc ("Greatland") on December 4, 2024 (the "Telfer Sale"). Under the terms of the sale agreement, the Company received total consideration of $453, which includes (i) cash consideration of $217, net of working capital adjustments, (ii) equity consideration of $242 in the form of 2.7 billion Greatland shares to be accounted for as an equity method investment for which the Company elected the fair value option, (iii) an option of $67 in which a third party has the option to acquire 1.3 billion of the Company's Greatland shares at a set price exercisable for four years, accounted for as a financial liability for which the Company elected the fair value option ("Greatland option"), and (iv) the potential to receive contingent payments of up to $100 tied to future Havieron production and gold price over a five-year period. The contingent payments do not meet the definition of a derivative and are considered to be a financial asset, for which the Company recorded at fair value at completion of the sale, with a fair value of $61. The agreement is inclusive of transitional services support to be provided by the Company for a one year period following close.

As a result of the sale, a loss of $160 is recognized in Loss on assets held for sale for the year ended December 31, 2024. Certain working capital adjustments are to be finalized over a period of up to 180 days from completion of the sale. Any resulting revisions will be settled in cash, with an offsetting impact to recognized in Other income (loss), net. Adjustments are not expected to be material.

Assets and liabilities held for sale. The non-core assets and the development project classified as held for sale are recorded at the lower of the carrying value or fair value, less costs to sell. These assets are periodically valued until sale occurs with any resulting gain or loss recognized in Loss on assets held for sale.

As a result, for the year ended December 31, 2024 a loss of $859 was recognized within Loss on assets held for sale, of which $160 and $699 related to Telfer and the disposal groups remaining as held for sale as of December 31, 2024, respectively. The $699 loss on the disposal groups remaining as held for sale resulted in an aggregate net book value of $2,432 at December 31, 2024. A resulting tax impact of $255 was recognized for the year ended December 31, 2024, resulting in a total loss of $1,114 recognized for the year ended December 31, 2024, within Loss on assets held for sale.

The estimated fair values of net assets held for sale were determined using the market approach for the Akyem, Musselwhite, Éléonore, CC&V, and Porcupine reportable segments utilizing the respective definitive agreements. The estimated fair value of net assets held for sale for the Coffee development project were determined using the income approach which included the following significant inputs: (i) cash flow estimates, (ii) a short-term gold price of $2,700 per ounce, (iii) a long-term gold price of $1,900 per

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

ounce, (iv) current estimates of resources and exploration potential, and (v) a reporting unit specific discount rate of 9.75%. The estimated fair values are considered a non-recurring Level 2 or 3 fair value measurement and additional losses may be incurred as the Company continues to evaluate the definitive sales agreements, as the active sales program progresses, or as fair value estimates change.

The following table presents the carrying value of the major classes of assets and liabilities held for sale by disposal group as of December 31, 2024, prior to recognition of the write-down of $699 for the year ended December 31, 2024:

	CC&V (1)		Musselwhite (1)		Porcupine (1)		Éléonore (1)		Akyem (1)		Coffee Project (2)		Total
Assets held for sale:
Property, plant and mine development, net	$	170	$	1,063	$	1,541	$	785	$	559	$	321	$	4,439
Other assets	408		39		93		70		258		1		869
Carrying value of assets held for sale	$	578	$	1,102	$	1,634	$	855	$	817	$	322	$	5,308
Liabilities held for sale:
Reclamation and remediation liabilities	$	334	$	82	$	563	$	87	$	427	$	3	$	1,496
Other liabilities	37		257		223		71		91		2		681
Carrying value of liabilities held for sale	$	371	$	339	$	786	$	158	$	518	$	5	$	2,177

____________________________

(1)In the fourth quarter of 2024, the Company entered into binding agreements to sell the Akyem, Musselwhite, Éléonore, and CC&V reportable segments. Additionally, in January 2025 the Company entered into a definitive agreement to sell the Porcupine reportable segment. The sales are expected to close in the first half of 2025.

(2)The Coffee Project is included in the non-operating segment Corporate and Other in Note 4.

While the Company remains committed to a plan to sell these assets for a fair price, there is a possibility that the assets held for sale may exceed one year due to events or circumstances beyond the Company's control.

NOTE 4 SEGMENT INFORMATION

The Company regularly reviews its segment reporting for alignment with its strategic goals and operational structure as well as for evaluation of business performance and allocation of resources by Newmont’s Chief Operating Decision Maker ("CODM"), which is the Chief Executive Officer. The Company's reportable segments consist of each of its 16 mining operations that it manages and its 38.5% proportionate interest in Nevada Gold Mines ("NGM") which it does not directly manage. The reportable segments at December 31, 2024 include certain reportable segments that are designated as held for sale and exclude those which have been divested. Refer to Note 3 for further information.

In the following tables, Income (loss) before income and mining tax and other items from reportable segments does not reflect general corporate expenses, interest (except project-specific interest), or income and mining taxes. Intercompany revenue and expense amounts have been eliminated within each segment in order to report on the basis that management uses internally for evaluating segment performance. The Company's business activities and operating segments that are not considered reportable, including all equity method investments, are reported in the non-operating segment Corporate and Other, which has been provided for reconciliation purposes.

The CODM uses Income (loss) before mining tax and other items to evaluate income generated from segment assets in deciding whether to reinvest profits into the mine operation or reallocate for other capital priorities under the Company's capital allocation strategy. Additionally, the CODM primarily uses this metric to assess performance of the segment, plan and forecast future business operations, and benchmark to competitors.

The financial information relating to the Company’s segments is as follows:

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

	Sales		Costs Applicable to Sales		Depreciation and Amortization		Reclamation and Remediation		Advanced Projects, Research and Development and Exploration		Other Segment Expenses (Income) (1)		Income (Loss) before Income and Mining Tax and Other Items		Total Assets		Capital Expenditures (2)
Year Ended December 31, 2024
Brucejack	$	610	$	312	$	172	$	5	$	13	$	—	$	108	$	2,660	$	70
Red Chris
Gold	96		47		14
Copper	229		172		52
Total Red Chris	325		219		66		7		13		(2)		22		2,580		150
Peñasquito:
Gold	713		225		103
Silver	792		360		159
Lead	195		116		52
Zinc	622		427		162
Total Peñasquito	2,322		1,128		476		20		13		43		642		4,879		129
Merian	660		401		84		4		21		(1)		151		943		81
Cerro Negro	566		312		123		5		19		13		94		1,787		186
Yanacocha	841		353		98		55		9		2		324		1,932		61
Boddington:
Gold	1,417		613		112
Copper	329		204		39
Total Boddington	1,746		817		151		13		4		(23)		784		2,420		129
Tanami	988		390		123		2		28		(19)		464		2,236		437
Cadia:
Gold	1,118		297		119
Copper	743		280		123
Total Cadia	1,861		577		242		5		19		(23)		1,041		6,208		537
Lihir	1,473		787		168		12		16		21		469		5,625		193
Ahafo	1,923		722		215		8		41		(38)		975		3,425		382
NGM	2,485		1,263		428		11		23		32		728		7,430		448
Held for Sale (3)
CC&V	347		200		13		11		7		19		97		561		26
Musselwhite	516		224		18		3		6		—		265		1,102		97
Porcupine	673		310		36		27		6		633		(339)		1,172		201
Éléonore	583		325		21		4		11		(2)		224		855		100
Akyem	495		338		57		14		5		(5)		86		817		24
Total Reportable Segments	18,414		8,678		2,491		206		254		650		6,135		46,632		3,251
Corporate and Other	—		—		68		109		195		967		(1,339)		9,717		22
Divested (4)
Telfer:
Gold	242		245		14
Copper	26		40		3
Total Telfer	268		285		17		13		14		158		(219)		—		51
Consolidated	$	18,682	$	8,963	$	2,576	$	328	$	463	$	1,775	$	4,577	$	56,349	$	3,324

____________________________

(1)Other Segment Expenses (Income) for all reportable segments includes Impairment charges, Loss on assets held for sale, Other expense, net, and Other income (loss), net. Refer to Notes 7, 3, 8, and 9, respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative and Interest expense, net of capitalized interest, which are primarily incurred at the non-operating segment Corporate and Other.

(2)Primarily includes a decrease in accrued capital expenditures of $78. Consolidated capital expenditures on a cash basis were $3,402.

(3)Refer to Note 3 for further information on held for sale. The Coffee Project is included in the non-operating segment Corporate and Other.

(4)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 for further information.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

	Sales		Costs Applicable to Sales		Depreciation and Amortization		Reclamation and Remediation (1)		Advanced Projects, Research and Development and Exploration		Other Segment Expenses (Income) (1)(2)		Income (Loss) before Income and Mining Tax and Other Items		Total Assets		Capital Expenditures (3)
Year Ended December 31, 2023
CC&V	$	332	$	198	$	23	$	12	$	13	$	4	$	82	$	383	$	64
Musselwhite	351		214		80		3		10		298		(254)		1,018		104
Porcupine	503		301		117		18		17		5		45		1,473		166
Éléonore	453		295		101		3		10		247		(203)		777		106
Brucejack (4)	72		69		22		—		7		—		(26)		4,006		22
Red Chris (4)
Gold	9		4		1
Copper	23		17		3
Total Red Chris	32		21		4		—		—		(1)		8		2,178		25
Peñasquito: (5)
Gold	257		158		67
Silver	335		300		134
Lead	96		98		45
Zinc	213		253		105
Total Peñasquito	901		809		351		18		11		1,523		(1,811)		4,738		113
Merian	625		385		82		3		23		10		122		927		84
Cerro Negro	510		328		137		4		10		16		15		1,646		162
Yanacocha	537		294		85		1,232		11		(15)		(1,070)		2,117		312
Boddington:
Gold	1,451		634		108
Copper	363		204		35
Total Boddington	1,814		838		143		12		6		4		811		2,376		164
Tanami	867		337		110		2		30		(19)		407		1,896		413
Cadia (4)
Gold	250		129		16
Copper	172		116		14
Total Cadia	422		245		30		—		2		(13)		158		6,351		75
Telfer (4)
Gold	135		126		6
Copper	17		22		1
Total Telfer	152		148		7		1		4		2		(10)		574		9
Lihir (4)	266		146		20		—		2		5		93		3,909		53
Ahafo	1,130		547		181		7		40		(14)		369		2,823		310
Akyem	574		275		122		12		19		(5)		151		1,069		40
NGM	2,271		1,249		452		11		29		98		432		7,401		472
Total Reportable Segments	11,812		6,699		2,067		1,338		244		2,145		(681)		45,662		2,694
Corporate and Other	—		—		41		195		221		893		(1,350)		9,844		51
Consolidated	$	11,812	$	6,699	$	2,108	$	1,533	$	465	$	3,038	$	(2,031)	$	55,506	$	2,745

____________________________

(1)Segment presentation for the prior period has been recast due to the adoption of ASU 2023-07.

(2)Other Segment Expenses (Income) for all reportable segments includes Impairment charges, Other expense, net, and Other income (loss), net. Refer to Notes 7, 8, and 9, respectively, for further information. Additionally, Other Segment Expenses (Income) includes General and administrative and Interest expense, net of capitalized interest which are primarily incurred at the non-operating segment Corporate and Other.

(3)Primarily includes an increase in accrued capital expenditures of $79. Consolidated capital expenditures on a cash basis were $2,666.

(4)Sites acquired through the Newcrest transaction. Refer to Note 3 for further information.

(5)In June 2023, the National Union of Mine and Metal Workers of the Mexican Republic (the "Union") notified the Company of a strike action. In response to the strike notice, the Company suspended operations at Peñasquito. The Company reached an agreement with the Union and operations at Peñasquito resumed in the fourth quarter of 2023.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

	Sales		Costs Applicable to Sales		Depreciation and Amortization		Reclamation and Remediation (1)		Advanced Projects, Research and Development and Exploration		Other Segment Expenses (Income) (1)(2)		Income (Loss) before Income and Mining Tax and Other Items		Total Assets		Capital Expenditures (3)
Year Ended December 31, 2022
CC&V	$	333	$	241	$	71	$	17	$	11	$	520	$	(527)	$	286	$	44
Musselwhite	305		195		79		2		8		(2)		23		1,294		54
Porcupine	504		281		104		98		14		336		(329)		1,401		152
Éléonore	391		266		115		2		5		(1)		4		1,010		60
Peñasquito: (4)
Gold	1,006		442		148
Silver	549		454		151
Lead	133		94		32
Zinc	501		316		96
Total Peñasquito	2,189		1,306		427		13		19		21		403		6,430		183
Merian	723		369		80		2		21		2		249		923		56
Cerro Negro	508		283		148		3		25		500		(451)		1,659		132
Yanacocha	451		313		95		639		22		(6)		(612)		2,225		439
Boddington:
Gold	1,447		652		118
Copper	316		181		34
Total Boddington	1,763		833		152		10		7		(18)		779		2,264		72
Tanami	878		328		101		1		28		(2)		422		1,585		343
Ahafo	1,023		566		167		4		26		(7)		267		2,619		268
Akyem	749		334		141		6		14		(3)		257		998		34
NGM	2,098		1,153		471		5		32		3		434		7,419		308
Total Reportable Segments	11,915		6,468		2,151		802		232		1,343		919		30,113		2,145
Corporate and Other	—		—		34		119		228		589		(970)		8,369		45
Consolidated	$	11,915	$	6,468	$	2,185	$	921	$	460	$	1,932	$	(51)	$	38,482	$	2,190

____________________________

(1)Segment presentation for the prior period has been recast due to the adoption of ASU 2023-07.

(2)Other Segment Expenses (Income) for all reportable segments includes Impairment charges, Other expense, net, and Other income (loss), net. Refer to Notes 7, 8, and 9, respectively, for more information. Additionally, Other Segment Expenses (Income) includes General and administrative and Interest expense, net of capitalized interest which are primarily incurred at the non-operating segment Corporate and Other.

(3)Includes an increase in accrued capital expenditures of $59. Consolidated capital expenditures on a cash basis were $2,131.

(4)Costs applicable to sales includes amounts resulting from the profit-sharing agreement completed with the Peñasquito workforce during the second quarter of 2022. Under the agreement, the Company will pay its workforce an uncapped profit-sharing bonus each year, based on the agreed upon terms. Additionally, the terms of the agreement are retroactively applied to profit-sharing related to 2021 site performance, resulting in $70 recorded within Costs applicable to sales in the second quarter of 2022. The amounts related to the 2021 profit-sharing were paid in the third quarter of 2022.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Long-lived assets, which consist of Property, plant and mine development, net, non-current Stockpiles and ore on leach pads, and non-current right-of-use assets, included in Other non-current assets, were as follows:

	At December 31,
	2024		2023
Australia	$	9,490	$	9,373
Canada (1)	8,358		8,789
United States (1)	7,125		7,011
Papua New Guinea	4,514		3,140
Mexico	3,822		4,119
Ghana (1)	2,755		2,626
Peru	2,203		2,254
Argentina	1,582		1,508
Suriname	726		726
Other	27		32
	$	40,602	$	39,578

____________________________

(1)Canada, United States, and Ghana include $3,723, $434, and $565, respectively, of long-lived assets included in Assets held for sale. Refer to Note 3 for additional information.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 5 SALES

The following tables present the Company’s Sales by mining operation, product and inventory type:

	Gold Sales from Doré Production		Sales from Concentrate and Other Production		Total Sales
Year Ended December 31, 2024
Brucejack	$	415	$	195	$	610
Red Chris:
Gold	—		96		96
Copper	—		229		229
Total Red Chris	—		325		325
Peñasquito:
Gold	—		713		713
Silver (1)	—		792		792
Lead	—		195		195
Zinc	—		622		622
Total Peñasquito	—		2,322		2,322
Merian	638		22		660
Cerro Negro	566		—		566
Yanacocha	833		8		841
Boddington:
Gold	353		1,064		1,417
Copper	—		329		329
Total Boddington	353		1,393		1,746
Tanami	988		—		988
Cadia:
Gold	126		992		1,118
Copper	—		743		743
Total Cadia	126		1,735		1,861
Lihir	1,473		—		1,473
Ahafo	1,923		—		1,923
NGM (2)	2,336		149		2,485
Held for sale (3)
CC&V	347		—		347
Musselwhite	516		—		516
Porcupine	673		—		673
Éléonore	583		—		583
Akyem	495		—		495
Divested (4)
Telfer:
Gold	47		195		242
Copper	—		26		26
Total Telfer	47		221		268
Consolidated	$	12,312	$	6,370	$	18,682

____________________________

(1)Silver sales from concentrate includes $91 related to non-cash amortization of the silver streaming agreement liability.

(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $2,338.

(3)Refer to Note 3 for further information on held for sale.

(4)In the fourth quarter of 2024, the Company completed the sale of the assets of the Telfer reportable segment. Refer to Note 3 for further information.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

	Gold Sales from Doré Production		Sales from Concentrate and Other Production		Total Sales
Year Ended December 31, 2023
CC&V	$	332	$	—	$	332
Musselwhite	351		—		351
Porcupine	503		—		503
Éléonore	453		—		453
Brucejack (1)	48		24		72
Red Chris: (1)
Gold	—		9		9
Copper	—		23		23
Total Red Chris	—		32		32
Peñasquito:
Gold	36		221		257
Silver (2)	—		335		335
Lead	—		96		96
Zinc	—		213		213
Total Peñasquito	36		865		901
Merian	600		25		625
Cerro Negro	510		—		510
Yanacocha	526		11		537
Boddington:
Gold	359		1,092		1,451
Copper	—		363		363
Total Boddington	359		1,455		1,814
Tanami	867		—		867
Cadia: (1)
Gold	28		222		250
Copper	—		172		172
Total Cadia	28		394		422
Telfer: (1)
Gold	20		115		135
Copper	—		17		17
Total Telfer	20		132		152
Lihir (1)	266		—		266
Ahafo	1,130		—		1,130
Akyem	574		—		574
NGM (2)	2,178		93		2,271
Consolidated	$	8,781	$	3,031	$	11,812

____________________________

(1)Sites acquired through the Newcrest transaction. Refer to Note 3 for further information.

(2)Silver sales from concentrate includes $42 related to non-cash amortization of the silver streaming agreement liability.

(3)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $2,174.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

	Gold Sales from Doré Production		Sales from Concentrate and Other Production		Total Sales
Year Ended December 31, 2022
CC&V	$	328	$	5	$	333
Musselwhite	305		—		305
Porcupine	504		—		504
Éléonore	391		—		391
Peñasquito:
Gold	110		896		1,006
Silver (1)	—		549		549
Lead	—		133		133
Zinc	—		501		501
Total Peñasquito	110		2,079		2,189
Merian	723		—		723
Cerro Negro	508		—		508
Yanacocha	446		5		451
Boddington:
Gold	366		1,081		1,447
Copper	—		316		316
Total Boddington	366		1,397		1,763
Tanami	878		—		878
Ahafo	1,023		—		1,023
Akyem	749		—		749
NGM (2)	2,026		72		2,098
Consolidated	$	8,357	$	3,558	$	11,915

____________________________

(1)Silver sales from concentrate includes $73 related to non-cash amortization of the silver streaming agreement liability.

(2)The Company purchases its proportionate share of gold doré from NGM for resale to third parties. Gold doré purchases from NGM totaled $2,022.

Trade Receivables and Provisional Sales

At December 31, 2024 and December 31, 2023, Trade receivables primarily consisted of sales from provisionally priced concentrate and other production. The impact to Sales from revenue recognized due to the changes in pricing is an increase (decrease) of $125, $37, and $(34) for the years ended December 31, 2024, 2023, and 2022, respectively.

At December 31, 2024, Newmont had the following provisionally priced concentrate sales subject to final pricing over the next several months:

	Provisionally Priced Sales<br><br>Subject to Final Pricing (1)	Average Provisional <br>Price (per ounce/pound)
Gold (ounces, in thousands)	265	$	2,635
Copper (pounds, in millions)	85	$	3.99
Silver (ounces, in millions)	6	$	28.99
Lead (pounds, in millions)	52	$	0.88
Zinc (pounds, in millions)	114	$	1.34

____________________________

(1)Includes provisionally priced by-product sales subject to final pricing, which are recognized in Costs applicable to sales.

Silver Streaming Agreement

The Company is obligated to sell 25% of silver production from the Peñasquito mine to Wheaton Precious Metals Corporation at the lesser of market price or a fixed contract price, subject to an annual inflation adjustment of up to 1.65%. This agreement contains off-market terms and was initially recognized at its acquisition date fair value as a finite-lived intangible liability. The current and non-current portion are recorded to Other current liabilities and Silver streaming agreement, respectively. The Company’s policy is to amortize the liability into Sales each period using the units-of-production method. During the years ended December 31, 2024, 2023, and 2022, the Company amortized $91, $42, and $73, respectively, of the liability into revenue. At December 31, 2024 and 2023, the value of the liability included in the Consolidated Balance Sheet was $775 and $866, respectively.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Revenue by Geographic Area

Newmont primarily conducts metal sales in U.S. dollars, and therefore Sales are not exposed to fluctuations in foreign currencies. Revenues from sales attributed to countries based on the location of the customer were as follows:

	Year Ended December 31,
	2024		2023		2022
United Kingdom (1)	$	10,966	$	7,637	$	7,537
South Korea	1,956		975		1,426
Japan	1,920		512		442
Philippines	709		451		340
Switzerland	638		600		721
Mexico	600		240		604
Australia	409		376		7
United States	2		48		24
Other	1,482		973		814
	$	18,682	$	11,812	$	11,915

____________________________

(1)Includes $91, $42, and $73 related to non-cash amortization of the silver streaming agreement liability for the years ended December 31, 2024, 2023, and 2022, respectively.

Revenue by Major Customer

As gold can be sold through numerous gold market traders worldwide, the Company is not economically dependent on a limited number of customers for the sale of its product. The Company sells copper, silver, lead, and zinc predominantly in the form of concentrates. The concentrates are sold under a combination of short-term and long-term supply contracts with processing fees based on the demand for these concentrates in the global marketplace.

Customers with revenue in excess of 10% of total Sales consisted of the following customers in 2024: Standard Chartered $4,833 (26%), JPMorgan Chase $2,317 (12%), and Royal Bank of Canada $1,897 (10%); in 2023: JPMorgan Chase $2,583 (22%), Royal Bank of Canada $1,765 (15%), Standard Chartered $1,659 (14%), and Toronto Dominion Bank $1,630 (14%); in 2022: Standard Chartered $4,179 (35%) and JPMorgan Chase $1,503 (13%).

NOTE 6 RECLAMATION AND REMEDIATION

The Company’s mining and exploration activities are subject to various domestic and international laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. The Company conducts its operations to protect public health and the environment and believes its operations are in compliance with applicable laws and regulations in all material respects. The Company has made, and expects to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures. Estimated future reclamation and remediation costs are based principally on current legal and regulatory requirements.

The Company’s Reclamation and remediation expense consisted of:

	Year Ended December 31,
	2024		2023		2022
Reclamation adjustments and other	$	(108)	$	1,207	$	646
Reclamation accretion	365		238		173
Reclamation expense	257		1,445		819
Remediation adjustments and other	64		81		96
Remediation accretion	7		7		6
Remediation expense	71		88		102
Reclamation and remediation	$	328	$	1,533	$	921

In 2024, reclamation adjustments were primarily due to a $136 decrease at portions of the Yanacocha site that are no longer in production and with no expected substantive economic value (i.e., non-operating) as a result of updated cost estimates. In 2023, reclamation adjustments were primarily due to increased water management costs at non-operating portions of the Yanacocha site, which resulted in an increase of $1,101. In 2022, reclamation adjustments were primarily due to higher estimated closure costs resulting from cost inflation and increased water management costs at portions of the Yanacocha and Porcupine site operations that are non-operating that resulted in increases of $529 and $91, respectively.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

In 2024, remediation adjustments were primarily due to the completion of haul road safety enhancements, continued clean up of contaminated materials, and closure of the three mine portals at the Ross Adams mine. In 2023 remediation adjustments were primarily due to higher water management costs and project execution delays at the Midnite mine and Dawn mill sites. In 2022, remediation adjustments are primarily due to higher waste disposal costs and project execution delays at the Midnite mine and Dawn mill sites.

The following are reconciliations of Reclamation and remediation liabilities:

	Reclamation		Remediation		Total
Balance at January 1, 2023	$	6,731	$	373	$	7,104
Additions, changes in estimates and other	1,246		65		1,311
Additions from the Newcrest transaction	401		—		401
Payments, net	(231)		(44)		(275)
Accretion expense	238		7		245
Balance at December 31, 2023	8,385		401		8,786
Additions, changes in estimates and other	41		44		85
Acquisitions and divestitures (4)	71		—		71
Payments, net	(351)		(82)		(433)
Accretion expense	365		7		372
Reclassification to Liabilities held for sale	(1,496)		—		(1,496)
Balance at December 31, 2024	$	7,015	$	370	$	7,385			At December 31,
---	---	---	---	---	---	---	---	---	---	---	---	---
	2024						2023
	Reclamation		Remediation		Total		Reclamation		Remediation		Total
Current (1)	$	928	$	63	$	991	$	558	$	61	$	619
Non-current (2)	6,087		307		6,394		7,827		340		8,167
Total (3)	$	7,015	$	370	$	7,385	$	8,385	$	401	$	8,786

____________________________

(1)The current portion of reclamation and remediation liabilities are included in Other current liabilities. Refer to Note 22.

(2)The non-current portion of reclamation and remediation liabilities are included in Reclamation and remediation liabilities.

(3)Total reclamation liabilities includes $4,546 and $4,804 related to Yanacocha at December 31, 2024 and 2023, respectively.

(4)During 2024, measurement period adjustments of $349 increased Reclamation and remediation liabilities from refinements to the preliminary valuation of the Newcrest sites. These adjustments were partially offset by $278 as a result of the sale of the assets of the Telfer reportable segment in the fourth quarter of 2024.

The Company is also involved in several matters concerning environmental remediation obligations associated with former, primarily historic, mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. Depending upon the ultimate resolution of these matters, the Company believes that it is reasonably possible that the liability for these matters could be as much as 51% greater or 5% lower than the amount accrued at December 31, 2024. The amounts accrued are reviewed periodically based upon facts and circumstances available at the time. Changes in estimates are included in Other current liabilities and Reclamation and remediation liabilities in the period estimates are revised.

Included in Assets held for sale at December 31, 2024 is $93 of restricted cash held for purposes of settling reclamation and remediation obligations at Akyem.

Included in Other non-current assets at December 31, 2024 and 2023 are $29 and $81 respectively, of non-current restricted cash held for purposes of settling reclamation and remediation obligations. The amounts at December 31, 2024 primarily relate to Ahafo and San Jose Reservoir at Yanacocha. The amounts at December 31, 2023 primarily relate to the Ahafo and Akyem mines in Ghana, Africa.

Included in Other non-current assets at December 31, 2024 and 2023 was $15 and $21, respectively, of non-current restricted investments, which are legally pledged for purposes of settling reclamation and remediation obligations. The amounts at December 31, 2024 and 2023 primarily relate to the San Jose Reservoir at Yanacocha.

Refer to Note 25 for further discussion of reclamation and remediation matters.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 7 IMPAIRMENT CHARGES

	Year Ended December 31,
	2024		2023						2022
	Long-lived and other assets (1)		Total		Long-lived and other assets (1)		Goodwill		Total		Long-lived and other assets (1)		Goodwill		Total
NGM (2)	$	25	$	25	$	75	$	11	$	86	$	1	$	—	$	1
Peñasquito	19		19		21		1,210		1,231		4		—		4
Cerro Negro	2		2		5		—		5		—		459		459
CC&V (3)	1		1		4		—		4		511		—		511
Musselwhite (3)	—		—		4		293		297		—		—		—
Éléonore (3)	—		—		—		246		246		—		—		—
Porcupine (3)	—		—		5		—		5		—		341		341
Other	31		31		17		—		17		4		—		4
Impairment charges	$	78	$	78	$	131	$	1,760	$	1,891	$	520	$	800	$	1,320

____________________________

(1)Primarily relates to non-cash write-downs of materials and supplies inventory and various assets that are no longer in use, except for certain impairment charges recognized for the year ended December 31, 2022 as described below.

(2)At December 31, 2024 and 2023, the Company recognized its proportionate share of the non-cash impairment charge on long-lived assets at NGM. The impairment charge resulted in a remaining balance of $2 and $22 within Property, plant and mine development, net at December 31, 2024 and 2023, respectively. The remaining balances were estimated based on observable market values for comparable assets for the individual assets that were determined to have residual market value.

(3)Sites are classified as held for sale as of December 31, 2024. Refer to Note 3 for further information.

The estimated cash flows utilized in both the long-lived asset and goodwill impairment evaluations are derived from the Company's current business plans. The Company completed its annual business plan update which reflected updated mine plans, certain adverse changes in market conditions, including inflationary pressures to costs and capital, strategic evaluation regarding the use of capital, and updates to asset retirement costs.

Impairment of goodwill

The Company evaluates its goodwill for impairment annually at December 31 or when events or changes in circumstances indicate that the fair value of a reporting unit is less than its carrying value. Each operating mine is considered a distinct reporting unit for purposes of goodwill impairment testing. Based on the December 31, 2024 review, the Company concluded that Goodwill was not impaired at any of the reporting units.

Based on the December 31, 2023 review, the Company concluded that Goodwill was impaired at the Musselwhite, Éléonore and Peñasquito reporting units. The goodwill impairments at Musselwhite and Éléonore were driven by a deterioration in underlying cash flows from higher costs due to inflationary pressures, and resulted in non-cash impairment charges of $293 and $246, respectively, which represented the full goodwill balance of the reporting units prior to impairment. The goodwill impairment at Peñasquito was also driven by lower expected cash flows, primarily due to an update to the geological model that impacted expected metal grade and recoveries, as well as higher costs due to inflationary pressures, and resulted in a non-cash impairment charge of $1,210, which represented the full goodwill balance of the reporting unit prior to impairment. The long-lived assets of Musselwhite, Éléonore and Peñasquito were evaluated for impairment prior to the quantitative goodwill assessment and no impairment was identified.

In addition, the Company recorded a non-cash impairment charge of $11 at NGM as a result of the decision to not pursue permitting for Phase 2 mining at Long Canyon. As a result, NGM placed Long Canyon on long-term care and maintenance and revised their business plan. The impairment represented the full goodwill balance at Long Canyon based on the Company's proportionate interest in NGM.

The Company measured the impairments by comparing the total fair value of the operations to the corresponding reporting unit carrying value. The estimated fair value was determined using the income approach and is considered a non-recurring level 3 fair value measurement. Significant inputs to the fair value measured included (i) updated cash flow information from the Company's current business and closure plans, (ii) a short-term gold price of $1,950, (iii) a long-term gold price of $1,700, (iv) current estimates of reserves, resources, and exploration potential, and (v) a reporting unit specific discount rate of 10.00% at Musselwhite, 17.50% at Éléonore, and 6.75% at Peñasquito. The selected discount rates for Musselwhite and Éléonore incorporate additional premium related to operational risk at these sites.

Based on the December 31, 2022 review, the Company concluded that Goodwill was impaired at the Porcupine and the Cerro Negro reporting units. The Porcupine goodwill impairment was driven by a deterioration in underlying cash flows from higher costs due to inflationary pressures and higher capital costs related to safety enhancements and the expansion of the active tailings storage

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

facility, ensuring GISTM compliance, as well as an increase to the asset retirement cost, and resulted in a non-cash impairment charge of $341, which represented the full goodwill balance of the reporting unit prior to impairment. The Cerro Negro goodwill impairment was driven by a 14% country specific discount rate that reflects current macroeconomic risk and uncertainty in Argentina, and resulted in a non-cash impairment charge of $459, which represented the full goodwill balance of the reporting unit prior to impairment. The long-lived assets of Porcupine and Cerro Negro were evaluated for impairment prior to the quantitative goodwill test and no impairment was identified.

The Company measured the impairments by comparing the total fair value of the existing operations to the corresponding reporting unit carrying value. The estimated fair value was determined using the income approach and is considered a non-recurring level 3 fair value measurement. Significant inputs to the fair value measured included (i) updated cash flow information from the Company's current business and closure plans, (ii) a short-term gold price of $1,750, (iii) a long-term gold price of $1,600, (iv) current estimates of reserves, resources, and exploration potential, and (v) a country specific discount rate of 4.50% in Canada and 14% in Argentina.

Impairment of long-lived and other assets

The Company reviews and evaluates its long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable.

During the fourth quarter of 2022, the Company determined that an impairment indicator existed at CC&V. This determination was based on the updated business plan, which reflected a deterioration in underlying cash flows from lower production, impacted by the decision to place the mill on long-term care and maintenance, higher costs due to inflationary pressures, as well as an increase to the asset retirement cost. As a result of the impairment indicator, a recoverability test was performed and the Company concluded the long-lived assets at CC&V were impaired resulting in a non-cash impairment charge of $511 and a remaining balance of $25 within Property, plant and mine development, net at December 31, 2022. The Company measured the impairment by comparing the total fair value of the existing operations to the carrying value of the corresponding assets. The estimated fair value was determined using the income approach and is considered a non-recurring level 3 fair value measurement. Significant inputs to the fair value measurement included (i) updated cash flow information from the Company's current business and closure plans, (ii) a short-term gold price of $1,750, (iii) a long-term gold price of $1,600, (iv) current estimates of reserves, resources, and exploration potential, and (v) a country specific pre-tax discount rate of 6.75%.

NOTE 8 OTHER EXPENSE, NET

	Year Ended December 31,
	2024		2023		2022
Newcrest transaction and integration costs (1)	$	72	$	464	$	—
Settlement costs (2)	44		7		22
Restructuring and severance (3)	38		24		4
COVID-19 specific costs (4)	—		1		38
Other	37		21		18
Other expense, net	$	191	$	517	$	82

____________________________

(1)Related to the Newcrest transaction; refer to Note 3 for further information. For the year ended December 31, 2023, primarily comprised of a $316 stamp duty tax incurred in connection with the Newcrest transaction.

(2)Primarily relates to legal and other settlements, voluntary contributions, and other related costs. For the year ended December 31, 2024, primarily comprised of wind-down and demobilization costs related to the French Guiana project.

(3)Primarily represents severance and related costs associated with significant organizational and operating model changes implemented by the Company.

(4)Represents incremental direct costs incurred as a result of actions taken to protect against the impacts of the COVID-19 pandemic and to comply with local mandates. Beginning January 1, 2023, COVID-19 specific costs incurred in the ordinary course of business are recognized in Costs applicable to sales.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 9 OTHER INCOME (LOSS), NET

	Year Ended December 31,
	2024		2023		2022
Interest income	$	152	$	148	$	78
Foreign currency exchange	101		(56)		(5)
Change in fair value of investments and options	62		(47)		(46)
Gain (loss) on asset and investment sales (1)	35		(197)		35
Gain on debt extinguishment (2)	32		—		—
Insurance proceeds (3)	12		37		14
Pension settlements (4)	(1)		(9)		(137)
Other	32		36		34
Other income (loss), net	$	425	$	(88)	$	(27)

____________________________

(1)Primarily consists of the gain on sale of the Stream Credit Facility Agreement ("SCFA") of $49 partially offset by the loss of $29 related to the abandonment of the near-pit sizing and conveying system at Peñasquito for the year ended December 31, 2024; the loss of $235 related to the abandonment of the pyrite leach plant at Peñasquito for the year ended December 31, 2023; and the sale of the Company's 18.75% interest in Minera Agua Rica Alumbrera Limited ("MARA") for $61 for the year ended December 31, 2022.

(2)In 2024, the Company partially redeemed certain Senior Notes, resulting in a gain on extinguishment of $38, which is partially offset by the acceleration of $6 loss from Accumulated other comprehensive income (loss) related to the previously terminated interest rate cash flow hedges. Refer to Note 20 for additional information.

(3)For the year ended December 31, 2024, primarily consists of insurance proceeds received of $12 related to a conveyor failure at Ahafo. For the year ended December 31, 2023, primarily consists of insurance proceeds received of $45 and $11 related to Tanami due to significant rainfall and flooding in early 2023 and a conveyor failure at Ahafo, respectively. Of these amounts, $31 and $6, respectively, were recognized in Other income (loss), net, and primarily relate to business interruption coverage. The remaining amounts were recognized within Costs applicable to sales.

(4)Primarily represents pension settlement charges due to the pension annuitization in 2022 and lump sum payments to participants. For additional information regarding pension and other post-employment benefits, refer to Note 11.

NOTE 10 INCOME AND MINING TAXES

The Company’s Income and mining tax benefit (expense) consisted of:

	Year Ended December 31,
	2024		2023		2022
Current:
United States	$	(93)	$	(20)	$	(47)
Foreign	(1,224)		(610)		(686)
	(1,317)		(630)		(733)
Deferred:
United States	(157)		62		236
Foreign	77		42		42
	(80)		104		278
Income and mining tax benefit (expense)	$	(1,397)	$	(526)	$	(455)

The Company’s Income (loss) before income and mining tax and other items consisted of:

	Year Ended December 31,
	2024		2023		2022
United States	$	536	$	111	$	(566)
Foreign	4,041		(2,142)		515
Income (loss) before income and mining tax and other items	$	4,577	$	(2,031)	$	(51)

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

The Company’s Income and mining tax benefit (expense) differed from the amounts computed by applying the United States statutory corporate income tax rate for the following reasons:

	Year Ended December 31,
	2024				2023				2022
Income (loss) before income and mining tax and other items			$	4,577			$	(2,031)			$	(51)
U.S. Federal statutory tax rate	21	%	(961)		21	%	427		21	%	11
Reconciling items:
Percentage depletion	(1)		63		4		72		90		46
Change in valuation allowance on deferred tax assets	(8)		302		(18)		(358)		(569)		(290)
Rate differential for foreign earnings indefinitely reinvested	9		(398)		7		148		(151)		(77)
Mining and other taxes (net of associated federal benefit)	5		(237)		(4)		(87)		(231)		(118)
Uncertain tax positions (1)	(1)		63		1		28		261		133
Akyem recognition of DTL for assets held for sale	1		(49)		—		—		—		—
Goodwill write-downs	—		—		(25)		(498)		(482)		(246)
Expiration of U.S. capital losses and foreign tax credits	1		(47)		(10)		(195)		(61)		(31)
Transactions	—		—		—		(1)		100		51
Other (2)	4		(133)		(2)		(62)		130		66
Income and mining tax benefit (expense)	31	%	$	(1,397)	(26)	%	$	(526)	(892)	%	$	(455)

____________________________

(1)Includes net tax benefit of $125, primarily consisting of a reduction in the related uncertain tax position of $95 and a valuation release of $29 for the full settlement with the Mexican Tax Authority entered into during the second quarter of 2022.

(2)Primarily consists of the impact of foreign exchange and earnings, the U.S. tax effect of minority interest attributable to non-U.S. investees, and the impact of return to provision adjustments.

Factors that Significantly Impact Effective Tax Rate (Other than Factors Described Separately Below)

Percentage depletion allowances (tax deductions for depletion that may exceed the tax basis in the mineral reserves) are available to the Company under the income tax laws of the United States for operations conducted in the United States or through branches and partnerships owned by U.S. subsidiaries included in the consolidated United States income tax return. These deductions are highly sensitive to the price of gold and other metals produced by the Company.

The Company operates in various jurisdictions around the world that have statutory tax rates that are significantly different than those of the U.S. These differences combine to move the overall effective tax rate higher than the U.S. statutory rate.

Mining taxes in Nevada, Mexico, Canada, Peru, and Australia represent state and provincial taxes levied on mining operations and are classified as income taxes as such taxes are based on a percentage of mining profits.

In the U.S., capital losses may be carried forward five years to offset capital gains. Capital loss carryforwards of $222, $—, and $—, expired in 2024, 2023 and 2022, respectively. The Company carries a full valuation allowance on U.S. capital losses.

In 2024, 2023, and 2022, the U.S. had foreign tax credits of $—, $193, and $31, respectively, expire.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Components of the Company's deferred income tax assets (liabilities) are as follows:

	At December 31,
	2024		2023
Deferred income tax assets:
Property, plant and mine development	$	887	$	746
Inventory	132		320
Reclamation and remediation	2,077		2,362
Net operating losses, capital losses and tax credits	2,297		2,655
Employee-related benefits	24		97
Derivative instruments and unrealized loss on investments	79		69
Foreign exchange and financing obligations	58		86
Silver streaming agreement	253		332
Other	555		643
	6,362		7,310
Valuation allowances	(4,363)		(4,652)
	$	1,999	$	2,658
Deferred income tax liabilities:
Property, plant and mine development	$	(3,749)	$	(4,425)
Inventory	(132)		(160)
Investment in partnerships and subsidiaries	(582)		(579)
Other	(232)		(213)
	(4,695)		(5,377)
Net deferred income tax assets (liabilities)	$	(2,696)	$	(2,719)

These amounts reflect the classification and presentation that is reported for each tax jurisdiction in which the Company operates.

Valuation of Deferred Tax Assets

The Company assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize the existing deferred tax assets. A significant piece of objective negative evidence evaluated was the recent pretax losses and/or expectations of future pretax losses. Such objective evidence limits the ability to consider other subjective evidence such as the Company's projections for future growth. However, the amount of the deferred tax asset considered realizable could be adjusted if estimates of future taxable income during the carryforward period are increased, if objective negative evidence in the form of cumulative losses is no longer present or if additional weight were given to subjective evidence such as the Company's projections for growth.

During 2024, the Company recorded a decrease to the valuation allowance of $302 and a corresponding tax benefit, primarily driven by decreases in the net deferred tax asset in Argentina, the valuation allowance on Canada's tax credits and property, plant and mine development, and the release associated with the expiration of capital loss carryforwards. There were additional valuation allowance established as a result of purchase accounting for the Newcrest transaction of $168.

Refer to Note 2 for additional risk factors that could impact the Company’s ability to realize the deferred tax assets.

Tax Loss Carryforwards, Foreign Tax Credits, and Canadian Tax Credits

At December 31, 2024 and 2023, the Company had (i) $2,005 and $3,678 of net operating loss carry forwards, respectively; and (ii) $414 and $513 of tax credit carry forwards, respectively. At December 31, 2024 and 2023, $760 and $989, respectively, of net operating loss carry forwards are attributable to the U.S., Australia, and France for which current tax law provides no expiration period. The net operating loss carry forward in Canada of $772 will expire by 2043. The net operating loss carryforward in Mexico of $173 will expire by 2033. The net operating loss carry forward in other countries is $300.

Tax credit carry forwards for 2024 and 2023 of $414 and $284, respectively, consist of foreign tax credits available in the United States; substantially all such credits not utilized will expire at the end of 2029, and of solar tax credit for 2024 and 2023 of $27 and $19, respectively, which will expire by 2046. Canadian tax credits for 2024 and 2023 of $77 and $210, respectively, consist of investment tax credits and minimum mining tax credits. Canadian investment tax credits for 2024 consisted of $72 which will substantially expire by 2043, and mining tax credits of $5 which will expire by 2042.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Company’s Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, exclusive of interest and penalties, is as follows:

	2024		2023		2022
Total amount of gross unrecognized tax benefits at beginning of year	$	144	$	190	$	245
Additions (reductions) for tax positions of prior years	(8)		13		(1)
Additions for tax positions of current year	—		2		—
Reductions due to settlements with taxing authorities	(2)		(18)		(53)
Reductions due to lapse of statute of limitations	(23)		(43)		(1)
Total amount of gross unrecognized tax benefits at end of year	$	111	$	144	$	190

At December 31, 2024, 2023, and 2022, $125, $190, and $219, respectively, represent the amount of unrecognized tax benefits, inclusive of interest and penalties that, if recognized, would impact the Company’s effective income tax rate.

The Company operates in numerous countries around the world and is subject to, and pays annual income taxes under, the various income tax regimes in the countries in which it operates. Some of these tax regimes are defined by contractual agreements with the local government, and others are defined by the general corporate income tax laws of the country. The Company has historically filed, and continues to file, all required income tax returns and paid the taxes reasonably determined to be due. The tax rules and regulations in many countries are highly complex and subject to interpretation. From time to time, the Company is subject to a review of its historic income tax filings and in connection with such reviews, disputes can arise with the taxing authorities over the interpretation or application of certain rules to the Company’s business conducted within the country involved.

Through the due diligence and integration processes, the Company has not identified new uncertain tax positions as a result of the Newcrest transaction.

The Australian Taxation Office (“ATO”) is conducting a limited review of the Company’s prior year tax returns. The ATO is reviewing an internal reorganization executed in 2011 when Newmont completed a restructure of the shareholding in the Company’s Australian subsidiaries. To date, the Company has responded to inquiries from the ATO and provided them with supporting documentation for the transaction and the Company’s associated tax positions. One aspect of the ATO review relates to an Australian capital gains tax that applies to sales or transfers of stock in certain types of entities. In the fourth quarter of 2017, the ATO notified the Company that it believes the 2011 reorganization is subject to capital gains tax of approximately $85 (including interest and penalties). The Company disputes this conclusion and is vigorously defending its position that the transaction is not subject to this tax. In the fourth quarter of 2017, the Company made a $24 payment to the ATO and lodged an Appeal with the Australian Federal Court. The court proceedings were held during the third quarter of 2024 and the Company is currently awaiting the judgment, which is expected during the second quarter of 2025.

In the third quarter of 2022, the Administración Federal de Ingresos Públicos ("AFIP") in Argentina notified the Company that it completed the 2016 transfer pricing review. The AFIP has questioned the Company’s treatment of intercompany loans and believes they should be akin to capital contributions. In the fourth quarter of 2024, while the Company still believes in the merits of the position, it has opted into Argentina's newly implemented Tax Amnesty Program and made a settlement payment of $8 in 2024 with the remaining $26 to be paid in early 2025. The Tax Amnesty Program reduces the tax penalties and alleviates potential criminal charges.

The Company and/or subsidiaries file income tax returns in the U.S. Federal jurisdiction, and various state and foreign jurisdictions. With few exceptions, the Company is no longer subject to U.S. Federal, state and local, and non-U.S. income tax examinations by tax authorities for years before 2016. As a result of (i) statute of limitations that will begin to expire within the next 12 months in various jurisdictions, and (ii) possible settlements of audit-related issues with taxing authorities in various jurisdictions, the Company believes that it is reasonably possible that the total amount of its unrecognized income tax liability will decrease between $10 and $30 in the next 12 months.

The Company’s practice is to recognize interest and/or penalties related to unrecognized tax benefits as part of Income and mining tax benefit (expense). At December 31, 2024 and 2023, the total amount of accrued income-tax-related interest and penalties included in the Consolidated Balance Sheets was $47 and $78, respectively. During 2024, 2023, and 2022 the Company released $31, increased $1, and released $61 of interest and penalties, respectively, through the Consolidated Statements of Operations.

Other

No additional income taxes have been provided for any remaining undistributed foreign earnings not subject to the transition tax, or any additional outside basis difference inherent in these entities, as these amounts continue to be indefinitely reinvested in foreign operations.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 11 EMPLOYEE-RELATED BENEFITS

	At December 31,
	2024		2023
Current:
Accrued payroll and withholding taxes	$	461	$	477
Workers’ participation and other bonuses	108		10
Accrued severance	19		13
Other post-retirement benefit plans	11		11
Employee pension benefits	5		6
Other employee-related payables	26		34
	$	630	$	551
Non-current:
Accrued severance	$	386	$	439
Other post-retirement benefit plans	55		66
Employee pension benefits	29		35
Other employee-related payables	85		115
	$	555	$	655

Pension and Other Benefit Plans

The Company provides a defined benefit pension plan to eligible employees. Benefits are generally based on years of service and the employee’s annual compensation. Various international pension plans are based on local laws and requirements. Pension costs are determined annually by independent actuaries and pension contributions to the U.S. qualified plans are made based on funding standards established under the Employee Retirement Income Security Act of 1974, as amended.

The following tables provide a reconciliation of changes in the plans’ benefit obligations and assets’ fair values for 2024 and 2023:

	Pension Benefits				Other Benefits
	2024		2023		2024		2023
Change in benefit obligation:
Benefit obligation at beginning of year	$	325	$	311	$	71	$	66
Service cost	14		12		1		1
Interest cost	17		17		4		4
Actuarial loss (gain)	(14)		17		(10)		4
Foreign currency exchange (gain) loss	(6)		3		(2)		—
Benefits paid	(20)		(7)		(4)		(4)
Amendments	—		2		—		—
Settlement payments	(3)		(30)		—		—
Projected benefit obligation at end of year	$	313	$	325	$	60	$	71
Accumulated benefit obligation	$	294	$	306	$	60	$	71
Change in fair value of assets:
Fair value of assets at beginning of year	$	322	$	311	$	—	$	—
Actual return (loss) on plan assets	11		32		—		—
Foreign currency exchange gain (loss)	(4)		2		—		—
Employer contributions	7		14		4		4
Benefits paid	(20)		(7)		(4)		(4)
Settlement payments	(3)		(30)		—		—
Fair value of assets at end of year	$	313	$	322	$	—	$	—
(Unfunded) funded status, net:	$	—	$	(3)	$	(60)	$	(71)
Amounts recognized in the Consolidated Balance Sheets:
Other non-current assets (1)	$	37	$	38	$	—	$	—
Employee-related benefits, current	(5)		(6)		(5)		(6)
Employee-related benefits, non-current (1)	(32)		(35)		(55)		(65)
Net amounts recognized	$	—	$	(3)	$	(60)	$	(71)

____________________________

(1)Includes $4 of non-current assets and $3 of non-current liabilities related to the pension plan at Porcupine that were reclassified to Assets held for sale and Liabilities held for sale as of December 31, 2024.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

The Company’s qualified pension plan is funded with cash contributions in compliance with Internal Revenue Service rules and regulations. The Company’s non-qualified and other benefit plans are currently not funded, but exist as general corporate obligations. The information contained in the above tables presents the combined funded status of qualified and non-qualified plans. The Company reviews its retirement benefit programs on a regular basis and will consider market conditions and the funded status of its qualified pension plans in determining whether additional contributions are appropriate in calendar year 2025.

As of December 31, 2024 and 2023, all pension benefit plans had accumulated benefit obligations and projected benefit obligations in excess of the fair value of assets with the exception of one defined benefit pension plan in the U.S. and one defined benefit pension plan in Canada. The fair value of the plan assets associated with these pension benefit plans was in excess of the related accumulated benefit obligations and projected benefit obligations. The following table provides information for the Company's defined benefit pensions plans that had aggregate accumulated benefit obligations and projected benefit obligations in excess of plan assets at December 31:

	Pension Benefits (1)
	2024		2023
Projected benefit obligation	$	39	$	42
Accumulated benefit obligation	$	32	$	35
Fair value of plan assets	$	2	$	1

____________________________

(1)Information for other benefit plans with an accumulated benefit obligations in excess of plan assets has not been included as all of the other benefit plans are unfunded.

The significant assumptions used in measuring the Company’s benefit obligation were mortality assumptions and discount rate.

The mortality assumptions used to measure the pension and other post retirement obligation incorporate future mortality improvements from tables published by the Society of Actuaries ("SOA"). In 2024 and 2023, the SOA announced they would not release a new generational projection scale for the related years and instead updated the Mortality Improvement Model ("MIM") tool with the ability to optionally input mortality loads to model differing viewpoints of the ongoing effect of COVID. The Company utilized the Pri-2012 mortality tables and the MP-2021 generational projection scales, with no adjustment for COVID due to the Company not experiencing material mortality gain due to COVID, to measure the pension and other post retirement obligations as of December 31, 2024 and 2023.

Yield curves matching the Company’s benefit obligations were derived using a model based on high quality corporate bond data from Bloomberg. The model develops a discount rate by selecting a portfolio of high quality corporate bonds whose projected cash flows match the projected benefit payments of the plan. The resulting curves were used to identify a weighted average discount rate for the Company of 5.77% and 5.33% at December 31, 2024 and 2023, respectively, based on the timing of future benefit payments.

Actuarial (gain) loss of $(24) and $21 was recognized in the years ended December 31, 2024 and 2023, respectively, primarily due to a change in discount rate from the prior year.

Settlement accounting is required when annual lump sum payments exceed the annual interest and service costs for a plan and results in a remeasurement of the related pension benefit obligation and plan assets and the recognition of settlement charges in Other income (loss), net due to the acceleration of a portion of unrecognized actuarial losses. Lump sum payments are primarily made from the plan assets. Settlement accounting was triggered for the periods ended December 31, 2024, 2023 and 2022 resulting in pension settlement charges of $1, $9 and $137, respectively.

For the period ended December 31, 2022, pension settlement charges primarily resulted from the Company executing an annuitization to transfer a portion of the pension plan obligations from the Company's U.S. qualified defined benefit pension plans to an insurance company using plan assets during the first quarter of 2022. As a result, $527 of the previously recognized pension obligations were transferred and settlement accounting was triggered which resulted in the recognition of a non-cash settlement loss of $130 in Other income (loss), net. In December 2022, the Company received the final true-up from the insurance company for the annuitization, which had an inconsequential impact on the settlement.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

The following table provides the net pension and other benefits amounts recognized in Accumulated other comprehensive income (loss):

	Pension Benefits				Other Benefits
	At December 31,				At December 31,
	2024		2023		2024		2023
Accumulated other comprehensive income (loss):
Net actuarial gain (loss)	$	(71)	$	(76)	$	33	$	24
Prior service credit	2		4		—		1
	(69)		(72)		33		25
Less: Income taxes	15		16		(7)		(5)
Total	$	(54)	$	(56)	$	26	$	20

The following table provides components of the total benefit cost (income), inclusive of the net periodic pension and other benefits costs (credits):

	Pension Benefit Costs (Credits)						Other Benefit Costs (Credits)
	Years Ended December 31,						Years Ended December 31,
	2024		2023		2022		2024		2023		2022
Pension benefit cost (income), net: (1)
Service cost	$	14	$	12	$	15	$	1	$	1	$	1
Interest cost	17		17		19		4		4		3
Expected return on plan assets	(24)		(23)		(35)		—		—		—
Amortization, net	1		(7)		2		(2)		(2)		(3)
Net periodic benefit cost (income)	8		(1)		1		3		3		1
Settlement cost	1		9		137		—		—		—
Total benefit cost (income)	$	9	$	8	$	138	$	3	$	3	$	1

____________________________

(1)Service costs are included in Costs applicable to sales or General and administrative and the other components of benefit costs are included in Other income (loss), net.

The following table provides the components recognized in Other comprehensive income (loss):

	Pension Benefits						Other Benefits
	Year Ended December 31,						Year Ended December 31,
	2024		2023		2022		2024		2023		2022
Net loss (gain)	$	(1)	$	8	$	(20)	$	(10)	$	3	$	(20)
Amortization, net	(1)		7		(2)		2		2		3
Prior service cost	—		2		—		—		—		—
Settlements	(1)		(9)		(137)		—		—		—
Total recognized in other comprehensive income (loss)	$	(3)	$	8	$	(159)	$	(8)	$	5	$	(17)
Total benefit cost (credit) and other comprehensive income (loss)	$	6	$	16	$	(21)	$	(5)	$	8	$	(16)

Actuarial losses in excess of 10 percent of the greater of the projected benefit obligation or market-related value of plan assets are amortized over the expected average remaining future service period of the current active participants.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

The significant assumptions used in measuring the Company’s Total benefit cost (income) and Other comprehensive income (loss) were discount rate and expected return on plan assets:

	Pension Benefits						Other Benefits
	Year Ended December 31,						Year Ended December 31,
	2024		2023		2022		2024		2023		2022
Weighted average assumptions used in measuring the net periodic benefit cost:
Discount rate (1)	5.33	%	5.63	%	4.09	%	6.09	%	6.10	%	3.03	%
Expected return on plan assets	7.09	%	6.38	%	6.75	%	N/A		N/A		N/A

____________________________

(1)Total benefit cost (income) and other comprehensive income (loss) for the Company's U.S. qualified defined benefit pension plan was remeasured due to the settlement accounting required from the retiree annuity purchase on March 25, 2022. The discount rate used for determining the Total benefit cost (income) and other comprehensive income (loss) reflected 3.03% from January 1, 2022 through March 25, 2022 and 4.09% from March 26, 2022 through December 31, 2022.

The expected long-term return on plan assets used for each period in the three years ended December 31, 2024 was determined based on an analysis of the asset returns over multiple time horizons for the Company’s actual plan and for other comparable U.S. corporations. At December 31, 2024, Newmont has estimated the expected long-term return on the qualified pension plan's assets to be 7.20% which will be used in determining future net periodic benefit cost. The Company determines the long-term return on plan assets by considering the most recent capital market forecasts, the plans’ current asset allocation and the actual return on plan assets in comparison to the expected return on assets. The average actual return on the qualified pension plan's assets during the 36 years ended December 31, 2024 approximated 7.52%.

Newmont has two pension calculations for salaried U.S. employees. The first is a “Final Average Pay” pension calculation which is defined as a monthly annuity at age 62 based, in part, on their highest five year eligible earnings and years of credited service. The second is the “Stable Value” calculation which is defined as a lump sum payment to employees upon retirement. The amount of the lump sum is the total of annual accruals based on the employee’s eligible earnings and years of service. The benefits accrued under the Final Average Pay formula were frozen on June 30, 2014 for those eligible employees. Beginning July 1, 2014, all future accruals are based on the terms and features of the Stable Value calculation.

The assumed health care trend rate used to measure the expected cost of benefits is 6.50% in 2025 and decreases gradually each year to 5.00% in 2031, which is used thereafter.

The qualified pension plan employs an independent investment firm which invests the assets of the plans in certain approved funds that correspond to specific asset classes with associated target allocations. The goal of the pension fund investment program is to achieve prudent actuarial funding ratios while maintaining acceptable risk levels. The investment performance of the plans and that of the individual investment firms is measured against recognized market indices. The performance of the pension funds are monitored by an investment committee comprised of members of the Company’s management, which is advised by an independent investment consultant. With the exception of global capital market economic risks, the Company has identified no significant portfolio risks associated to asset classes. The following is a summary of the target asset allocations for 2024 and the actual asset allocation at December 31, 2024:

Asset Allocation	Target		Actual at December 31, 2024
Fixed income investments	45	%	44	%
World equity fund (U.S. and International equity investments)	20	%	20	%
International equity investments	12	%	12	%
U.S. equity investments	11	%	11	%
Real estate	8	%	9	%
High yield fixed income investments	4	%	4	%
Cash equivalents	—	%	—	%

Cash equivalent instruments are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices in active markets and are primarily invested in money market securities and U.S. Treasury securities.

Commingled fund investments are managed by several fund managers and are valued at the net asset value per share for each fund. Although the majority of the underlying assets in the funds consist of actively traded equity securities and bonds, the unit of account is considered to be at the fund level. These funds require less than a month’s notice for redemptions and can be redeemed at the net asset value per share.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

The following table sets forth the Company’s pension plan assets measured at fair value:

	Fair Value at December 31,
	2024		2023
Commingled Funds:
Fixed income investments	$	143	$	152
World equity fund (U.S. and International equity investments)	54		54
International equity investments	45		45
U.S. equity investments	34		34
Real estate	25		25
High yield fixed income investments	11		11
	312		321
Cash equivalents	1		1
Total	$	313	$	322

Cash Flows

Benefit payments expected to be paid to plan participants are as follows:

	Pension Plan		Other Benefits Plan
2025	$	21	$	6
2026	$	21	$	6
2027	$	21	$	5
2028	$	24	$	5
2029	$	24	$	5
Thereafter	$	131	$	26

Savings Plans

The Company has one qualified defined contribution savings plan in the U.S. that covers salaried and hourly employees. When an employee meets eligibility requirements, the Company matches 100% of employee contributions of up to 6% of eligible earnings. Hourly employees receive an additional retirement contribution to the participant’s retirement contribution account equal to an amount which is paid and determined by the Company. Currently, the additional retirement contribution is 5% of eligible earnings. Matching contributions are made in cash. In addition, the Company has one non-qualified supplemental savings plan for executive-level employees whose benefits under the qualified plan are limited by federal regulations.

NOTE 12 STOCK-BASED COMPENSATION

The Company has stock incentive plans for directors, executives and eligible employees. Stock incentive awards include RSUs and PSUs. The Company issues new shares of common stock to satisfy vesting under all of its stock incentive awards. Prior to 2012, the Company also granted options to purchase shares of stock with exercise prices not less than fair market value of the underlying stock at the date of grant. At December 31, 2024, 18,993,357 shares were authorized for future stock incentive plan awards.

Restricted Stock Units

The Company grants RSUs to directors, executives and eligible employees. Awards are determined as a target percentage of base salary and, for eligible employees, are subject to a personal performance factor. For all RSU grants issued prior to February 2018, RSU awards vest on a straight-line basis over periods of three years or more, unless the employee becomes retirement eligible prior to the vesting date. If an employee becomes retirement eligible and retires prior to the vesting date, the remaining awards vest on a pro rata basis at the retirement date. Starting with the February 2018 grant, if the employee becomes retirement eligible at any point during the vesting period, the entire award is considered earned after the later of the one-year service period from the grant date or the retirement eligible date. Prior to vesting, holders of RSUs do not have the right to vote the underlying shares; however, directors, executives and eligible employees accrue dividend equivalents on their RSUs, which are paid at the time the RSUs vest. The accrued dividend equivalents are not paid if RSUs are forfeited. The RSUs are subject to forfeiture risk and other restrictions. Upon vesting, the employee is entitled to receive one share of the Company’s common stock for each restricted stock unit.

Performance Stock Units

In 2023 and 2024, the Company amended the PSU plan for eligible executives to incorporate awards that vest based on certain performance-related conditions in addition to the historically granted awards that vest based on certain market-related conditions.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

For market-related conditions, the awards vest after the three-year requisite service period based on the Company's total stockholder return compared to the return of a peer group. The grant date fair value of the awards are amortized on a straight-line basis over the required performance period.

The grant date fair value of the market-related conditions for each PSU granted in 2024, 2023 or 2022 was determined using a Monte Carlo valuation model, which requires the input of the following subjective assumptions:

	Year Ended December 31,
	2024	2023	2022
Risk-free interest rate	4.40%	4.45%	1.61%
Volatility range	17.50% - 76.70%	34.24% - 81.36%	31.78% - 81.77%
Weighted-average volatility	47.71%	55.24%	54.89%
Expected term (years)	3	3	3
Weighted-average fair market value	$33.91	$50.39	$77.00

The risk-free interest rates are based on a U.S. Treasury yield curve in effect at the time of grant. Expected volatility is based on historical volatility of the Company's stock as well as the stock of the peer group for the three-year performance period.

For performance-related conditions, the awards vest based on the achievement of certain performance metrics which include (i) representation of women on executive team, (ii) Scope 1 and 2 emission reductions related to key milestone projects, and (iii) return on capital employed. The grant date fair value of the awards are amortized over the three-year requisite service period, based on the probability of the performance conditions being met.

The grant date fair value of the performance-related conditions for each PSU granted in 2024 was determined using the Company's stock price on the grant. The weighted-average fair market value for 2024 was $30.01.

Stock-Based Compensation Activity

A summary of the status and activity of non-vested RSUs and PSUs for the year ended December 31, 2024 is as follows:

	RSU			PSU
	Number of Units	Weighted Average Grant-Date Fair Value		Number of Units	Weighted Average Grant-Date Fair Value
Non-vested at beginning of year	2,102,567	$	48.95	1,193,535	$	60.60
Granted	2,509,780	$	31.20	878,974	$	28.00
Vested	(1,011,308)	$	50.60	(173,982)	$	65.41
Forfeited	(322,569)	$	35.91	(256,814)	$	48.22
Non-vested at end of year	3,278,470	$	36.13	1,641,713	$	44.58

The total intrinsic value and fair value of RSUs that vested in 2024, 2023, and 2022 was $37, $36, and $62, respectively. The total intrinsic value and fair value of PSUs that vested in 2024, 2023, and 2022 was $6, $35, and $47, respectively.

Cash flows resulting from excess tax benefits are classified as part of cash flows from operating activities. Excess tax benefits are realized tax benefits from tax deductions for vested RSUs, settled PSUs, and exercised options in excess of the deferred tax asset attributable to stock compensation costs for such equity awards. The Company recorded $3 and $1 in tax deficiencies for the years ended December 31, 2024 and 2023, respectively, and $5 in excess tax benefits for the year ended December 31, 2022.

At December 31, 2024, there was $62 and $38 of unrecognized compensation costs related to the unvested RSUs and PSUs, respectively. This cost is expected to be recognized over a weighted average period of approximately two years.

The Company recognized stock-based compensation as follows:

	Year Ended December 31,
	2024		2023		2022
Restricted stock units	$	63	$	52	$	49
Performance leveraged stock units	20		24		24
Other (1)	6		4		3
Total stock-based compensation	$	89	$	80	$	76

____________________________

(1)Other includes the Company's proportionate share of NGM stock compensation.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 13 FAIR VALUE ACCOUNTING

Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2 Quoted prices in markets that are not active, quoted prices for similar assets or liabilities in active markets, quoted prices or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability and model-based valuation techniques (e.g. the Black-Scholes model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and

Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

The following tables set forth the Company’s assets and liabilities measured at fair value on a recurring (at least annually) and nonrecurring basis by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

	Fair Value at December 31, 2024
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents (1)	$	3,619	$	3,619	$	—	$	—
Restricted cash	31		31		—		—
Trade receivables from provisional concentrate sales, net	993		—		993		—
Assets held for sale (Note 3) (2)	1,840		—		1,168		672
Equity method investments	212		212		—		—
Marketable and other equity securities (Note 15)	305		305		—		—
Restricted marketable debt securities (Note 15)	15		15		—		—
Derivative assets (Note 14)	142		—		—		142
Other assets (3)	61		—		—		61
	$	7,218	$	4,182	$	2,161	$	875
Liabilities:
Debt (4)	$	8,400	$	—	$	8,400	$	—
Derivative liabilities (Note 14)	143		—		137		6
Other liabilities (5)	51		—		51		—
	$	8,594	$	—	$	8,588	$	6

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

	Fair Value at December 31, 2023
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents (1)	$	3,002	$	3,002	$	—	$	—
Restricted cash	98		98		—		—
Trade receivables from provisional concentrate sales, net	734		—		734		—
Marketable and other equity securities (Note 15)	252		243		9		—
Restricted marketable debt securities (Note 15)	21		21		—		—
Derivative assets (Note 14)	642		—		7		635
	$	4,749	$	3,364	$	750	$	635
Liabilities:
Debt (4)	$	8,975	$	—	$	8,975	$	—
Derivative liabilities (Note 14)	8		—		3		5
	$	8,983	$	—	$	8,978	$	5

____________________________

(1)Cash and cash equivalents at December 31, 2024 and 2023 include term deposits that have an original maturity of three months or less.

(2)Assets held for sale at December 31, 2024 includes assets held for sale that were written down to their fair value, excluding costs to sell, of $1,840 at December 31, 2024. The aggregate fair value, excluding costs to sell, of net assets held for sale subject to fair value remeasurement was $679 at December 31, 2024.

(3)Consists of the contingent payments received through the Telfer Sale that do not meet the definition of a derivative and are considered to be a financial asset, for which the Company recorded at fair value at completion of the sale on December 4, 2024.

(4)Debt is carried at amortized cost. The outstanding carrying value was $8,476 and $8,874 at December 31, 2024 and December 31, 2023, respectively. The fair value measurement of debt was based on an independent third-party pricing source.

(5)Consists of the Greatland Option acquired through the Telfer Sale in the fourth quarter of 2024, refer to Notes 3 and 22 for further information.

The Company’s cash and cash equivalents and restricted cash are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices in active markets and are primarily money market securities and U.S. Treasury securities.

The Company’s net trade receivables from provisional metal concentrate sales, which contain an embedded derivative and are subject to final pricing, are valued using quoted market prices based on forward curves for the particular metal. As the contracts themselves are not traded on an exchange, these receivables are classified within Level 2 of the fair value hierarchy.

The Company's assets held for sale consist of the six non-core assets and a development project that met the accounting requirements to be presented as held for sale in the first quarter of 2024. The assets are classified as non-recurring within Level 2 and 3 of the fair value hierarchy. Assets held for sale classified as Level 3 in the fair value hierarchy include those with a definitive sales agreement containing Level 3 components, and those without a definitive sales agreement. All other assets held for sale are classified as Level 2 in the fair value hierarchy. Refer to Note 3 for further information.

The Company's equity method investments consist of the Greatland equity method investment, which was acquired through the Telfer Sale in the fourth quarter of 2024. The Greatland equity method investment is accounted for under the fair value option and is classified as Level 1 within the fair value hierarchy and is valued using published market prices of actively traded securities. Refer to Notes 3 and 15 for further information.

The Company’s marketable and other equity securities with readily determinable fair values are valued using quoted market prices in active markets and as such are classified within Level 1 of the fair value hierarchy. The fair value of the marketable equity securities are calculated as the quoted market price of the marketable equity security multiplied by the quantity of shares held by the Company.

The Company’s marketable and other equity securities without readily determinable fair values consists of the Company’s ownership in warrants in publicly traded companies. Warrants are valued using a Black-Scholes model using quoted market prices in active markets of the underlying securities. As the warrants themselves are not traded on the exchange, these equity securities are classified within Level 2 of the fair value hierarchy.

The Company’s restricted marketable debt securities are primarily U.S. government issued bonds and international bonds. The Company’s debt securities held at Yanacocha are classified within Level 1 of the fair value hierarchy, using published market prices of actively traded securities. The Company’s debt securities held at Corporate and Other are classified within Level 1 and Level 2 of the fair value hierarchy. The Level 1 debt securities are valued using published market prices of actively traded securities and the Level 2 debt securities are valued using pricing models which are based on published market inputs for similar, actively traded securities.

The Company’s derivative instruments consist of the Stream Credit Facility Agreement ("SCFA"), the Cadia Power Purchase Agreement ("Cadia PPA"), foreign currency fixed forward contracts, and contingent considerations accounted for as derivatives.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

The SCFA and the Cadia PPA were acquired as part of the Newcrest transaction and were not designated for hedge accounting under ASC 815 at December 31, 2023. At January 1, 2024, the Company designated the Cadia PPA for hedge accounting. Additionally, in the second quarter of 2024, the Company sold the SCFA.

The Cadia PPA is accounted for at fair value using probability weighted discounted cash flow models and is classified within Level 3 of the fair value hierarchy. The valuation model requires a variety of inputs including life of mine production profiles, forward power prices, forecasted power generation volume, discount rates, and inflation assumptions. The SCFA was accounted for at fair value using probability weighted discounted cash flow models and is classified within Level 3 of the fair value hierarchy at December 31, 2023. The valuation model required a variety of inputs including long-term metal prices, life of mine production profiles, and discount rates. Refer to Note 14 for further information.

The foreign currency fixed forward contracts are valued using pricing models based on forward curves. The Company’s foreign currency fixed forward derivatives trade in liquid markets, and as such, model inputs can generally be verified and do not involve significant management judgment. Such instruments are classified within Level 2 of the fair value hierarchy. Refer to Note 14 for further information.

The contingent consideration assets and liabilities, accounted for as derivatives, are classified within Level 3 of the fair value hierarchy. Changes in the discount rate will result in an inverse impact to the estimated fair value of the contingent consideration assets and liabilities. Refer to Note 14 for further information.

The Company's other assets recognized at fair value consist of the contingent payments acquired through the Telfer Sale in the fourth quarter of 2024. The contingent payments were accounted for at fair value at completion of the sale and are classified as non-recurring within Level 3 of the fair value hierarchy. Valuation models require a variety of inputs, including long-term metal prices, life of mine production profiles, and discount rates. Refer to Note 3 for further information.

The Company's other liabilities recognized at fair value consist of the Greatland Option, which was acquired through the Telfer Sale in the fourth quarter of 2024. The Greatland Option is accounted for under the fair value option and is classified as Level 2 within the fair value hierarchy and is valued using pricing models which are based on published market inputs for similar, actively traded securities. Refer to Notes 3 and 15 for further information.

The following tables set forth a summary of the quantitative and qualitative information related to the significant observable and unobservable inputs used in the calculation of the Company’s Level 3 financial assets and liabilities at December 31, 2024 and December 31, 2023:

Description	At December 31, 2024		Valuation technique	Significant input	Range, point estimate or average	Weighted Average Discount Rate
Assets held for sale	$	672	Income approach	Various (1)	Various (1)	Various (1)
Derivative assets:
Hedging instruments (2)(3)	$	94	Income approach	Forward power prices	A$43.00- A$321.00	6.75%
Contingent consideration assets	$	47	Income approach	Discount rate	6.37% - 16.38%	10.67%
Other assets	$	61	Income approach	Discount rate	6.60%	6.60%
Derivative liabilities	$	5	Income approach	Discount rate	5.22% - 5.95%	5.66%

____________________________

(1)For assets held for sale for which a binding agreement was reached, the terms of the respective agreements were utilized to estimate the fair value and are considered to be a non-recurring fair value measurement under the income approach. For all other assets held for sale, refer to Note 3 for information on the assumptions and inputs specific to the non-recurring fair value measurement performed.

(2)The SCFA and the Cadia PPA, acquired as part of the Newcrest transaction, were not designated in a hedging relationship at December 31, 2023. At January 1, 2024, the Company designated the Cadia PPA for hedge accounting, and as a result is included within Hedging instruments at December 31, 2024. Additionally, in the second quarter of 2024, the Company sold the SCFA. Refer to Note 14 for further information.

(3)Hedging instruments consists of the net position of the Cadia PPA which is comprised of $1 is in a liability position and the non-current portion of $95 is in an asset position. The current liability portion is included in Derivative liabilities within the fair value hierarchy table and the non-current asset portion is included in Derivative assets within the fair value hierarchy table.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Description	At December 31, 2023		Valuation technique	Significant input	Range, point estimate or average	Weighted Average Discount Rate
Derivative assets
Derivative assets not designated for hedging	$	424	Income approach	Discount rate	6.28% - 10.50%	9.03%
Contingent consideration assets	$	211	Income approach	Discount rate	8.04% - 26.43%	11.18%
Derivative liabilities	$	5	Income approach	Discount rate	4.91% - 6.15%	5.65%

The following tables set forth a summary of changes in the fair value of the Company’s recurring Level 3 financial assets and liabilities:

	Derivative Assets (1)		Total Assets		Derivative Liabilities (2)		Total Liabilities
Fair value at December 31, 2022	$	188	$	188	$	3	$	3
Acquisitions	424		424		—		—
Revaluation gain (loss)	23		23		2		2
Fair value at December 31, 2023	635		635		5		5
Settlements	(76)		(76)		—		—
Revaluation gain (loss)	(40)		(40)		1		1
Sales (3)	(377)		(377)		—		—
Fair value at December 31, 2024	$	142	$	142	$	6	$	6

____________________________

(1)In 2024, the gain (loss) recognized on revaluation of derivative assets of $2, $(53), and $11 are included in Other income (loss), net, Other comprehensive income (loss), and Net income (loss) from discontinued operations, respectively. In 2023, the gain recognized on revaluation on derivative assets of $1 and $22 are included in Other income (loss), net and Net income (loss) from discontinued operations, respectively.

(2)In 2024, the loss recognized on revaluation of derivative liabilities of $1 is included in Other comprehensive income (loss). In 2023, the loss recognized on revaluation of derivative liabilities of $2 is included in Other income (loss), net.

(3)In the second quarter of 2024, the Company sold the SCFA resulting in a decrease of $281. In the third quarter of 2024, the Company sold the Batu and Elang Contingent consideration assets resulting in a decrease of $96. Refer to Note 14 for further information.

NOTE 14 DERIVATIVE INSTRUMENTS

	At December 31,
	2024		2023
Current derivative assets:
Derivative assets, not designated for hedging (1)	$	—	$	115
Contingent consideration assets (2)	—		76
Hedging instruments	—		7
	$	—	$	198
Non-current derivative assets:
Derivative assets, not designated for hedging (1)	$	—	$	309
Contingent consideration assets (2)	47		135
Hedging instruments (1)	95		—
	$	142	$	444
Current derivative liabilities: (3)
Contingent consideration liabilities	$	2	$	3
Hedging instruments (1)	136		—
	$	138	$	3
Non-current derivative liabilities: (4)
Contingent consideration liabilities	$	5	$	5

____________________________

(1)The SCFA and the Cadia PPA, acquired as part of the Newcrest transaction, were not designated in a hedging relationship at December 31, 2023. At January 1, 2024, the Company designated the Cadia PPA for hedge accounting, and as a result is included within Hedging instruments at December 31, 2024. Additionally, in the second quarter of 2024, the Company sold the SCFA. See below for further information.

(2)Contingent consideration assets at December 31, 2023 included the Batu Hijau and Elang contingent consideration assets, which were sold in the third quarter of 2024. Refer below for further information.

(3)Included in Other current liabilities.

(4)Included in Other non-current liabilities.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Derivative Assets, Not Designated for Hedging

Stream Credit Facility Agreement ("SCFA")

The SCFA was a non-revolving credit facility in relation to the Fruta del Norte mine, which is wholly owned and operated by Lundin Gold Inc. ("Lundin Gold") in which the Company holds a 32.0% equity interest (refer to Note 15 for further information). The SCFA was a financial instrument that met the definition of a derivative and was accounted for at fair value using a probability weighted discounted cash flow model, but was not designated for hedge accounting under ASC 815. The fair value of the SCFA was $276 at December 31, 2023, of which $113 was recognized in current Derivative assets and $163 was recognized in non-current Derivative assets in the Company's Consolidated Balance Sheets.

In the second quarter of 2024, the Company completed the sale of the SCFA and Offtake agreement in which Lundin Gold repurchased the SCFA and settled the rights under the Offtake agreement for cash consideration of $330, of which $180 and $150 were received in June 2024 and September 2024, respectively. Refer to Note 15 for further information on the Offtake agreement. The sale resulted in a gain of $49 recognized in Other income (loss), net.

Hedging Instruments

Hedging instruments consisted of the foreign currency cash flow hedges and the Cadia PPA at December 31, 2024.

To minimize credit risk, the Company only enters into transactions with counterparties that meet certain credit requirements and periodically reviews the creditworthiness of these counterparties. The Company believes that the risk of counterparty default is low and its exposure to credit risk is minimal.

Foreign currency cash flow hedges

In June 2024, the Company initiated hedge programs utilizing foreign currency fixed forward contracts to mitigate variability in the USD functional cash flows, to be incurred between October 2024 and December 2025, related to (i) the AUD-denominated capital expenditures incurred during the construction and development phase of the Tanami Expansion 2, Cadia Panel Caves, and the Cadia Tailings Project; (ii) the AUD-denominated operating expenditures at the Boddington, Tanami, and Cadia operating mines located in Australia; and (iii) the CAD-denominated operating expenditures at the Brucejack and Red Chris operating mines located in Canada. The capital expenditures hedged for the Tanami Expansion 2 project under these fixed forward contracts will be for spend not covered by the hedges entered into in October 2022, as described below. The fixed forward contracts were transacted for risk management purposes and designated as foreign currency cash flow hedges. At December 31, 2024, the Company entered into A$1,126, A$2,232, and C$602 relating to the AUD-denominated capital expenditure program, the AUD-denominated operating expenditure program, and the CAD-denominated operating expenditure program respectively. Subsequent to December 31, 2024 and prior to filing, the Company entered into an additional A$80, A$354, and C$82 relating to the programs, respectively.

In May 2023, the Company entered into C$348 of CAD-denominated and A$648 of AUD-denominated fixed forward contracts to mitigate variability in the USD functional cash flows related to the CAD-denominated and AUD-denominated operating expenditures incurred between June and December 2023 included in the Company's operating mines located in Canada and Australia, respectively. The fixed forward contracts were transacted for risk management purposes and designated as foreign currency cash flow hedges. As of December 31, 2023, the hedge programs were matured and no related amounts remain in Accumulated other comprehensive income (loss).

In October 2022, the Company entered into A$574 of AUD-denominated fixed forward contracts to mitigate variability in the USD functional cash flows related to the AUD-denominated capital expenditures expected to be incurred in 2023 and 2024 during the construction and development phase of the Tanami Expansion 2 project included in the Company's Tanami segment. The fixed forward contracts were transacted for risk management purposes. The Company has designated the fixed forward contracts as foreign currency cash flow hedges against the forecasted AUD-denominated Tanami Expansion 2 capital expenditures. As of December 31, 2024, the hedge program matured and a gain of $7 remains in Accumulated other comprehensive income (loss).

The unrealized changes in fair value have been recorded in Accumulated other comprehensive income (loss) and are reclassified to income during the period in which the hedged transaction affects earnings and is presented in the same income statement line item as the earnings effect of the hedged item. If the underlying hedge transaction becomes probable of not occurring, the related amounts will be reclassified to earnings immediately. For the foreign currency cash flow hedges related to capital expenditures, amounts recorded in Accumulated other comprehensive income (loss) are reclassified to earnings through Depreciation and amortization after the project reaches commercial production. For the foreign currency cash flow hedges related to operating expenditures, amounts recorded in Accumulated other comprehensive income (loss) are reclassified to earnings through Costs applicable to sales in the month that the operating expenditures are incurred.

Cadia Power Purchase Agreement ("Cadia PPA")

The Cadia PPA is a 15-year renewable power purchase agreement acquired by the Company through the Newcrest transaction. The Cadia PPA will provide the Company with access to large scale generation certificates which the Company intends to

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

surrender to achieve a reduction in its greenhouse gas emissions. The Cadia PPA is a financial instrument that meets the definition of a derivative under ASC 815 and is accounted for at fair value using a probability weighted discounted cash flow model. At January 1, 2024, the Company designated the Cadia PPA in a cash flow hedging relationship to mitigate the variability in cash flows related to approximately 40 percent of forecasted purchases of power at the Cadia mine for a 15 year period from the Cadia PPA's commercial operations date in the third quarter of 2024.

The unrealized changes in fair value have been recorded in Accumulated other comprehensive income (loss) and will be reclassified to income during the period in which the hedged transaction affects earnings and is presented in the same income statement line item as the earnings effect of the hedged item. If the underlying hedge transaction becomes probable of not occurring, the related amounts in Accumulated other comprehensive income (loss) will be reclassified to earnings immediately. For the Cadia PPA cash flow hedge, amounts recorded in Accumulated other comprehensive income (loss) will be reclassified to earnings through Costs applicable to sales each period in which electricity is purchased beginning the commercial operations date.

The following table provides the fair value of the Company’s derivative instruments designated as cash flow hedges:

	At December 31,
	2024		2023
Hedging instrument assets:
Cadia PPA cash flow hedge, non-current (1)(2)	$	95	$	—
Foreign currency cash flow hedges, current (3)	—		7
	$	95	$	7
Hedging instrument liabilities:
Foreign currency cash flow hedges, current (4)	$	135	$	—
Cadia PPA cash flow hedge, current (2)(4)	1		—
	$	136	$	—

____________________________

(1)Included in non-current Derivative assets in the Company’s Consolidated Balance Sheets.

(2)At January 1, 2024, the Company designated the Cadia PPA for hedge accounting. As a result, the Cadia PPA is captured in Derivative instruments, not designated for hedging at December 31, 2023. See above for further information.

(3)Included in Derivative assets in the Company’s Consolidated Balance Sheets.

(4)Included in Other current liabilities in the Company's Consolidated Balance Sheets.

The following table provides the losses (gains) recognized in earnings related to the Company's derivative instruments designated for hedging:

	Year Ended December 31,
	2024		2023		2022
Loss (gain) on cash flow hedges:
Interest rate contracts (1)	$	10	$	5	$	6
Foreign currency cash flow hedges (2)	7		19		—
Cadia PPA cash flow hedge (3)	5		—		—
	$	22	$	24	$	6

____________________________

(1)Interest rate contracts relate to swaps entered into, and subsequently settled, associated with the issuance of the 2022 Senior Notes, 2035 Senior Notes, 2039 Senior Notes, and 2042 Senior Notes. The related gains and losses are reclassified from Accumulated other comprehensive income (loss) and amortized to Interest expense, net of capitalized interest over the term of the respective hedged notes. During the year ended December 31, 2024, $6 was reclassified to Other income (loss), net as a result of the redemption and tender offers of the 2042 Senior Notes. Refer to Note 20 for additional information.

(2)As of December 31, 2024, approximately $95 is expected to be reclassified out of Accumulated other comprehensive income (loss) into earnings over the next 12 months.

(3)As of December 31, 2024, approximately $10 is expected to be reclassified out of Accumulated other comprehensive income (loss) into earnings over the next 12 months.

Contingent Consideration Assets and Liabilities

Contingent consideration assets and liabilities are comprised of contingent consideration to be received or paid by the Company in conjunction with various sales of assets and investments with future payment contingent upon meeting certain milestones. These contingent consideration assets and liabilities are accounted for at fair value and consist of financial instruments that meet the definition of a derivative, but are not designated for hedge accounting under ASC 815. Refer to Note 13 for further information regarding the fair value of the contingent consideration assets and liabilities.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

The Company had the following contingent consideration assets and liabilities at December 31, 2024 and 2023:

	At December 31,
	2024		2023
Contingent Consideration Assets:
Red Lake (1)	$	36	$	39
Batu Hijau and Elang (2)	—		161
Other (1)	11		11
	$	47	$	211
Contingent Consideration Liabilities: (3)	$	7	$	8

____________________________

(1)Included in non-current Derivative assets.

(2)The Batu Hijau and Elang contingent consideration assets were sold in the third quarter of 2024. Refer below for further information. At December 31, 2023, $76 is included in current Derivative assets and $85 is included in non-current Derivative assets.

(3)At December 31, 2024, $2 and $5 is included in Other current liabilities and Other non-current liabilities, respectively. At December 31, 2023, $3 and $5 is included in Other current liabilities and Other non-current liabilities, respectively.

Batu Hijau and Elang Contingent Consideration Assets

The Batu Hijau and Elang contingent consideration assets relate to the sale of PT Newmont Nusa Tenggara in 2016. In the third quarter of 2024, the Company completed the sale of the Batu and Elang contingent consideration assets for cash consideration of $153. As a result of the sale, the Company recognized a tax benefit of $37 due to the release of the valuation allowance and a gain of $15, partially offset by a related tax impact of $3, recognized in Net income (loss) from discontinued operations.

NOTE 15 INVESTMENTS

	At December 31,
	2024		2023
Current investments:
Marketable equity securities	$	21	$	23
Non-current investments:
Marketable and other equity securities (1)	$	309	$	229
Equity method investments (% ownership):
Pueblo Viejo Mine (40.0%)	1,516		1,489
NuevaUnión Project (50.0%)	961		959
Lundin Gold Inc. (32.0%)	941		938
Norte Abierto Project (50.0%)	532		528
Greatland (20.4%) (2)	212		—
	4,162		3,914
	$	4,471	$	4,143
Non-current restricted investments: (3)
Marketable debt securities	$	15	$	21

____________________________

(1)Includes $25 accounted for under the measurement alternative.

(2)Acquired through the Telfer Sale in the fourth quarter of 2024 and accounted for under the fair value option, refer to Note 3 for further information.

(3)Non-current restricted investments are legally pledged for purposes of settling reclamation and remediation obligations and are included in Other non-current assets. For further information regarding these amounts, refer to Note 6.

Equity Method Investments

Income (loss) from the Company's equity method investments is recognized in Equity income (loss) of affiliates, which primarily consists of income from Pueblo Viejo and Lundin Gold. Income (loss) from Pueblo Viejo consisted of $91, $63, and $102 for the years ended December 31, 2024, 2023, and 2022.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

On November 6, 2023, as a part of the Newcrest transaction, the Company acquired 32.0% interest in Lundin Gold. The Company accounts for Lundin as an equity method investment on a quarter lag. Income (loss) from Lundin Gold consisted of $45 for the year ended December 31, 2024.

See below for further information on the Company's equity method investments.

Pueblo Viejo

The Pueblo Viejo mine is located in the Dominican Republic and commenced operations in September 2014. Barrick Gold Corporation ("Barrick") operates and holds the remaining interest in the mine. At acquisition, the fair value of Newmont’s equity investment in Pueblo Viejo was lower than the underlying net assets of its investment resulting in a basis difference, which is being amortized into Equity income (loss) of affiliates over the remaining estimated useful life of the mine. As of December 31, 2024 the net basis difference was $295.

In September 2019, the Company and Barrick entered into a $70 revolving loan facility (“Revolving Facility”) to provide short-term financing to Pueblo Viejo. The Company funded 40% of the borrowings based on its ownership interest in Pueblo Viejo. The Revolving Facility matured on December 31, 2024 and as such, there were no borrowings outstanding as of December 31, 2024. No borrowings were outstanding as of December 31, 2023.

In November 2020, the Company and Barrick entered into an agreement with Pueblo Viejo to provide funding of up to $1,300 ($520 attributable to Newmont's 40% ownership interest) through a loan facility for the expansion of Pueblo Viejo's operations (“Loan Facility”). Under the terms of the agreement, the Company and Barrick distributed funds based on their respective proportionate ownership interest in Pueblo Viejo. The Loan Facility bears interest at 95% of the 6-month SOFR plus 4.25% which is compounded semi-annually in arrears on February 28 and August 31 of each year. The Loan Facility was provided in two tranches of $800 and $500, respectively. Unused proceeds under the first tranche are available for use under the second tranche. The tranches mature February 28, 2032 and February 28, 2035, respectively.

In October 2024, the Company and Barrick entered into an agreement with Pueblo Viejo to provide additional funding of up to $800 ($320 attributable to Newmont's 40% ownership interest) through an additional loan facility to complete the expansion of Pueblo Viejo's operations (“Loan Facility II”). Under the terms of the agreement, the Company and Barrick will distribute funds based on their respective proportionate ownership interest in Pueblo Viejo. The Loan Facility II bears interest at the 6-month SOFR plus 3.81% which is compounded semi-annually in arrears on February 15 and August 15 of each year. The Loan Facility II matures February 15, 2039.

As of December 31, 2024 and December 31, 2023, the Company had outstanding stockholder loans to Pueblo Viejo of $486 and $429, which includes accrued interest of $19 and $14, respectively. All loans receivable and accrued interest are included in the Pueblo Viejo equity method investment balance.

The Company purchases its portion (40.0%) of gold and silver produced from Pueblo Viejo at market price and resells those ounces to third parties. Total payments made to Pueblo Viejo for gold and silver purchased were $580 and $448 for the years ended December 31, 2024 and December 31, 2023, respectively. These purchases, net of subsequent sales, were included in Other income (loss), net and the net amount is immaterial. There were no amounts due to or due from Pueblo Viejo for gold and silver purchases as of December 31, 2024 or December 31, 2023.

NuevaUnión

The NuevaUnión project is located in Chile and is currently in the Company’s development project pipeline. The project is jointly managed by Newmont and Teck Resources Limited, who holds the remaining 50% interest. At acquisition, the carrying value of Newmont’s equity investment in NuevaUnión was lower than the underlying net assets of its investment resulting in a basis difference. This basis difference will be amortized into Equity income (loss) of affiliates over the remaining estimated useful life of the mine beginning when commercial production is declared, which had not yet occurred as of December 31, 2024.

At December 31, 2024 the carrying value of Newmont’s equity investment in NuevaUnión was lower than the underlying net assets of its investment by $67. This basis difference will be amortized into Equity income (loss) of affiliates over the remaining estimated useful life of the mine beginning when commercial production is declared, which had not yet occurred as of December 31, 2024.

Lundin Gold Inc.

Lundin Gold is a Canadian based mine development and operating company which wholly owns and operates the Fruta del Norte gold mine in Ecuador. On November 6, 2023, as a part of the Newcrest transaction, the Company acquired 32.0% interest in Lundin Gold. The Company accounts for Lundin as an equity method investment on a quarter lag. At acquisition, the fair value of Newmont’s equity investment in Lundin Gold was higher than the underlying net assets of its investment resulting in a basis difference. This basis difference is being amortized into Equity income (loss) of affiliates over the remaining estimated useful life of the mine. As of December 31, 2024 the net basis difference was $588.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

The Company had the right to purchase 50% of gold produced from Lundin Gold at a price determined based on delivery dates and a defined quotational period and resold the ounces purchased to third parties under an offtake agreement acquired through the Newcrest transaction (the "Offtake agreement"). In the second quarter of 2024, the Company completed the sale of the SCFA and Offtake agreement in which Lundin Gold repurchased the SCFA and settled the rights under the Offtake agreement. Refer to Note 14 for further information.

Total payments made to Lundin Gold under the Offtake agreement for gold purchased were $189 and $30 for the years ended December 31, 2024 and December 31, 2023, respectively. These purchases, net of subsequent sales, were included in Other income (loss), net and the net amount is immaterial. There was $— and $13 payable due to Lundin Gold for gold purchases as of December 31, 2024 and December 31, 2023, respectively. At December 31, 2024, the calculated fair value, based on quoted closing prices of publicly traded shares, of the Company's investment in Lundin Gold was $1,638.

Norte Abierto

The Norte Abierto project is located in Chile and is currently in the Company’s development project pipeline. The project is jointly managed by Newmont and Barrick, who holds the remaining 50.0% interest. Prior to December 2023, Newmont owed deferred payments to Barrick to be satisfied through funding a portion of Barrick’s share of Norte Abierto project expenditures.

In December 2023, the Company entered into an agreement with Barrick and subsequently settled the deferred payments. Immediately prior to settlement, there were $23 and $73 related to these deferred payments included in Other current liabilities and Other non-current liabilities on the Consolidated Balance Sheet, respectively. Per the terms of the agreement, the settlement occurred through a cash payment of approximately $60 and funding of prefeasibility study costs for the Norte Abierto project. The Company has agreed to fund both its and Barrick's portions of prefeasibility study costs, up to a total of $60, to occur in the near future. If prefeasibility costs exceed the agreed upon $60, the costs will be paid proportionately by the Company and Barrick. The $30 related to the prefeasibility study costs associated with Barrick's portion will be satisfied as funding occurs. At December 31, 2024 and 2023, $20 and $20 is recognized within Other current liabilities, respectively, and $3 and $10 within Other non-current liabilities, respectively.

At December 31, 2024 the carrying value of Newmont’s equity investment in Norte Abierto was lower than the underlying net assets of its investment by $209. This basis difference will be amortized into Equity income (loss) of affiliates over the remaining estimated useful life of the mine beginning when commercial production is declared, which had not yet occurred as of December 31, 2024.

Greatland

Greatland Gold plc ("Greatland") is an Australian based mine development and exploration company which acquired the Company's assets held in the Telfer reportable segment in December 2024. Refer to Note 3 for further information on the Telfer Sale. Pursuant to the terms of the sale, the Company acquired a 20.4% interest in Greatland resulting in 2.7 billion shares. The Company accounts for its investment in Greatland as an equity method investment, included in Investments, for which the Company elected the fair value option as it believes it best reflects the economics of the underlying transaction.

The equity held in Greatland contains an option in which a third party has the ability to acquire 1.3 billion of the Company's Greatland shares at a set price exercisable for four years (the "Greatland Option"). The Greatland Option does not meet the definition of a derivative and is considered to be a financial liability, for which the Company has elected the fair value option. The Company believes the fair value option best reflects the economics of the underlying transaction. The Greatland Option is included in Other non-current liabilities at a fair value of $51 at December 31, 2024.

Under the fair value option, changes in the fair value of the instrument are recognized through earnings each reporting period in Other income (loss), net. For the year ended December 31, 2024, a loss of $29 and a gain of $16 were recognized in Other income (loss), net related to the Greatland equity method investment and Greatland Option, respectively.

NOTE 16 INVENTORIES

	At December 31,
	2024		2023
Materials and supplies	$	1,081	$	1,247
In-process	118		160
Concentrate	148		134
Precious metals	76		122
Inventories (1)	$	1,423	$	1,663

____________________________

(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, at December 31, 2024 the related assets, including Inventories of $185, were reclassified to Assets held for sale. Refer to Note 3 for additional information.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

The Company recorded write-downs classified as components of Costs applicable to sales and Depreciation and amortization to reduce the carrying value of inventories to net realizable value as follows:

	Year Ended December 31,
	2024 (1)		2023 (2)		2022 (3)
Costs applicable to sales	$	44	$	37	$	6
Depreciation and amortization	5		15		2
	$	49	$	52	$	8

____________________________

(1)For the year ended December 31, 2024, $34 was related to Telfer, $10 to Cerro Negro, $3 to Brucejack, $1 to Peñasquito, and $1 to NGM.

(2)For the year ended December 31, 2023, $35 was related to Peñasquito, $5 to Éléonore, $4 to Porcupine, $3 to Cerro Negro, $3 to Brucejack, and $2 to Telfer.

(3)For the year ended December 31, 2022, write-downs were immaterial at various sites.

NOTE 17 STOCKPILES AND ORE ON LEACH PADS

	At December 31, 2024 (1)						At December 31, 2023
	Stockpiles		Ore on Leach Pads		Total		Stockpiles		Ore on Leach Pads		Total
Current	$	624	$	137	$	761	$	746	$	233	$	979
Non-current	2,072		194		2,266		1,532		403		1,935
Total	$	2,696	$	331	$	3,027	$	2,278	$	636	$	2,914

____________________________

(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, at December 31, 2024 the related assets, including Stockpiles and ore on leach pads of $374, were reclassified to Assets held for sale. Refer to Note 3 for additional information.

The Company recorded write-downs classified as components of Costs applicable to sales and Depreciation and amortization to reduce the carrying value of stockpiles and ore on leach pads to net realizable value as follows:

	Year Ended December 31,
	2024 (1)		2023 (2)		2022 (3)
Costs applicable to sales	$	48	$	60	$	156
Depreciation and amortization	16		15		53
	$	64	$	75	$	209

____________________________

(1)For the year ended December 31, 2024, $37 was related to Red Chris, $26 to NGM, and $1 to Cerro Negro.

(2)For the year ended December 31, 2023, $52 was related to NGM, $11 to Peñasquito, $6 to Yanacocha, $2 to Akyem, $2 to Éléonore, and $2 to Telfer.

(3)For the year ended December 31, 2022, $71 was related to NGM, $49 to Yanacocha, $45 to CC&V, $28 to Akyem, $12 to Ahafo, and $4 to Merian.

NOTE 18 PROPERTY, PLANT AND MINE DEVELOPMENT

	Depreciable Life<br><br>(in years)		At December 31, 2024									At December 31, 2023
		Cost			Accumulated<br>Depreciation			Net Book<br><br>Value (1)			Cost			Accumulated<br>Depreciation			Net Book<br>Value
Land			$	253		$	—		$	253		$	347		$	—		$	347
Facilities and equipment (2)	1-26		23,362			(11,761)			11,601			25,804			(12,925)			12,879
Mine development	1-26		6,562			(3,533)			3,029			7,223			(3,775)			3,448
Mineral interests	1-26		17,050			(3,569)			13,481			19,450			(3,360)			16,090
Construction-in-progress			5,183			—			5,183			4,799			—			4,799
			$	52,410		$	(18,863)		$	33,547		$	57,623		$	(20,060)		$	37,563

____________________________

(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, at December 31, 2024 the related assets, including Property, plant and mine development of $4,439, were reclassified to Assets held for sale. Refer to Note 3 for additional information.

(2)At December 31, 2024 and 2023, Facilities and equipment includes finance lease right of use assets of $482 and $531, respectively.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

	Depreciable Life<br><br>(in years)		At December 31, 2024									At December 31, 2023
Mineral Interests		Cost			Accumulated<br>Depreciation			Net Book<br><br>Value (1)			Cost			Accumulated<br>Depreciation			Net Book<br>Value
Production stage	1-26		$	12,191		$	(3,569)		$	8,622		$	13,155		$	(3,360)		$	9,795
Development stage	(2)		1,386			—			1,386			1,277			—			1,277
Exploration stage	(2)		3,473			—			3,473			5,018			—			5,018
			$	17,050		$	(3,569)		$	13,481		$	19,450		$	(3,360)		$	16,090

____________________________

(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for held for sale. As a result, at December 31, 2024 the related assets, including $1,885 of mineral interests included in Property, plant and mine development, were reclassified to Assets held for sale. Refer to Note 3 for additional information.

(2)These amounts are currently non-depreciable as these mineral interests have not reached production stage.

NOTE 19 GOODWILL

Changes in the carrying amount of goodwill by reportable segment were as follows:

	Balance at December 31, 2022		Impairment (1)		Acquisitions (2)		Balance at December 31, 2023		Acquisitions (2)		Balance at December 31, 2024
Musselwhite	$	293	$	(293)	$	—	$	—	$	—	$	—
Éléonore	246		(246)		—		—		—		—
Brucejack	—		—		1,087		1,087		(418)		669
Red Chris	—		—		397		397		142		539
Peñasquito (3)	1,164		(1,210)		—		—		—		—
Cadia	—		—		565		565		(316)		249
Lihir	—		—		695		695		249		944
NGM	268		(11)		—		257		—		257
	$	1,971	$	(1,760)	$	2,744	$	3,001	$	(343)	$	2,658

____________________________

(1)Accumulated impairment of $2,560 consists of impairment charges incurred in 2022 and 2023 of $800, and $1,760 respectively.

(2)Amounts relate to goodwill recognized through the Newcrest transaction on November 6, 2023. During 2024, goodwill was subject to measurement period adjustments to the purchase price allocation. Refer to Note 3 for further information.

(3)For the year ended December 31, 2023, the Company recognized a prior period adjustment of $46 to goodwill and deferred tax liability for Peñasquito relating to a prior acquisition. This adjustment resulted in an increase to goodwill, which was fully offset by the impairment charge incurred in 2023.

NOTE 20 DEBT

	At December 31, 2024						At December 31, 2023
	Current		Non-Current		Fair Value (1)		Current		Non-Current		Fair Value (1)
$2,000 Bilateral Bank Facilities due 2024 and 2026 (2)	$	—	$	—	$	—	$	1,923	$	—	$	1,927
$1,000 5.30% Senior Notes due March 2026 (3)	924		—		948		—		—		—
$700 2.80% Senior Notes due October 2029	—		633		587		—		693		645
$650 3.25% Senior Notes due May 2030	—		554		583		—		557		597
$1,000 2.25% Senior Notes due October 2030	—		872		765		—		989		872
$1,000 2.60% Senior Notes due July 2032	—		821		713		—		992		868
$1,000 5.35% Senior Notes due March 2034	—		987		1,012		—		—		—
$600 5.875% Senior Notes due April 2035	—		581		625		—		580		654
$1,100 5.875% Senior Notes due October 2039	—		861		934		—		861		986
$500 5.75% Senior Notes due November 2041	—		457		500		—		456		535
$1,000 4.875% Senior Notes due March 2042	—		949		891		—		986		991
$450 5.45% Senior Notes due June 2044	—		479		435		—		480		462
$500 4.20% Senior Notes due May 2050	—		363		407		—		361		438
Debt issuance costs on Corporate Revolving Credit Facilities	—		(5)		—		—		(4)		—
	$	924	$	7,552	$	8,400	$	1,923	$	6,951	$	8,975

____________________________

(1)The estimated fair value of the Senior Notes was determined by an independent third-party pricing source and may or may not reflect the actual trading value of this debt. Carrying value of the bilateral bank facilities approximates fair value.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

(2)Interest rates on the bilateral bank facilities are variable. Refer to "Corporate Revolving Credit Facilities and Letters of Credit Facilities" below for further information.

(3)The Company fully redeemed all of the outstanding 2026 Senior Notes in February 2025. Refer below for further information.

All outstanding Senior Notes are unsecured and rank equally with one another.

Maturities for the next five years, and thereafter, are as follows:

Year Ending December 31,
2025 (1)	$	928
2026	—
2027	—
2028	—
2029	638
Thereafter	7,225
Total face value of debt	8,791
Unamortized premiums, discounts, and issuance costs	(315)
Debt	$	8,476

____________________________

(1)The Company fully redeemed all of the outstanding 2026 Senior Notes in February 2025. Refer below for further information.

Corporate Revolving Credit Facilities and Letters of Credit Facilities

In connection with the Newcrest transaction on November 6, 2023, the Company acquired bilateral bank debt facilities held with 13 banks. The bilateral bank debt facilities had a total borrowing capacity of $2,000, of which $1,923 was outstanding at December 31, 2023, and $462 due February 7, 2024, $769 due March 1, 2024, and $692 due March 1, 2026. On February 7, 2024, the Company repaid $462 of the amount outstanding.

On February 20, 2024, the Company completed a drawdown on the $4,000 revolving credit agreement and used the proceeds to repay the remaining $1,461 owed on the remaining bilateral bank debt facilities.

At December 31, 2024, the Company had no borrowings outstanding under the facility. There were no amounts outstanding on the letters of credit sub-facility at December 31, 2024 and 2023, respectively.

At December 31, 2024 and 2023 the Company had letters of credit outstanding in the amounts of $1,034 and $1,158, respectively, of which $900 and $1,015 represented guarantees for reclamation obligations, respectively. None of these letters of credit have been drawn on for reclamation obligations as of December 31, 2024 and 2023.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Debt Extinguishment

In 2024, the Company partially redeemed certain Senior Notes resulting in a gain on extinguishment of $38 recognized in Other income (loss), net for the year ended December 31, 2024. The gain includes the write-off of unamortized premiums, discounts, and issuance costs of $8 related to the partially redeemed Senior Notes. The following table summarizes the partial redemptions:

	Settled Notional Amount		Total Repurchase Amount (1)
$1,000 5.30% Senior Notes due March 2026	$	72	$	74
$700 2.80% Senior Notes due October 2029	62		58
$650 3.25% Senior Notes due May 2030	17		16
$1,000 2.25% Senior Notes due October 2030	120		107
$1,000 2.60% Senior Notes due July 2032	174		150
$1,000 4.875% Senior Notes due March 2042 (2)	38		36
	$	483	$	441

____________________________

(1)Includes $4 of accrued interest.

(2)As a result of the partial redemption, the Company accelerated a loss of $6 from Accumulated other comprehensive income (loss) to Other income (loss), net for the year ended December 31, 2024 related to previously terminated interest rate swaps.

2026 and 2034 Senior Notes

On March 7, 2024, the Company issued $2,000 unsecured Senior Notes comprised of $1,000 due March 15, 2026 (“2026 Senior Notes”) and $1,000 due March 15, 2034 ("2034 Senior Notes"). Net proceeds from the 2026 and 2034 Senior Notes were $1,980. Interest will be paid semi-annually at a rate of 5.30% and 5.35% per annum for the 2026 and the 2034 Senior Notes, respectively. The proceeds from this issuance were used to repay the drawdown on the revolving credit facility resulting in no amounts outstanding on the revolving credit facility as of December 31, 2024.

May 2030 Senior Notes, November 2041 Senior Notes, and May 2050 Senior Notes

Subsequent to implementation of the Newcrest transaction, the Company completed a like-for-like exchange for any and all of the outstanding notes issued by Newcrest Finance Pty Ltd, a wholly owned subsidiary of Newmont ("Newcrest Finance"), with an aggregate principal amount of $1,650, for new notes issued by Newmont and Newcrest Finance and nominal cash consideration. The new notes, issued December 26, 2023, and the existing Newcrest notes that were not tendered for exchange, consist of $625 and $25 of 3.25% notes due May 13, 2030 (the "May 2030 Senior Notes" and the "2030 Newcrest Senior Notes", respectively), $460 and $40 of 5.75% notes due November 15, 2041 (the "November 2041 Senior Notes" and the "2041 Newcrest Senior Notes", respectively), and $486 and $14 of 4.20% notes due May 13, 2050, respectively (the "May 2050 Senior Notes" and the "2050 Newcrest Senior Notes", respectively).

Debt Covenants

The Company’s senior notes and revolving credit facility contain various covenants and default provisions including payment defaults, limitation on liens, leases, sales and leaseback agreements and merger restrictions. Furthermore, the Company’s senior notes and corporate revolving credit facility contain covenants that include, limiting the sale of all or substantially all of the Company’s assets, certain change of control provisions and a negative pledge on certain assets.

The corporate revolving credit facility contains a financial ratio covenant requiring the Company to maintain a net debt (total debt net of cash and cash equivalents) to total capitalization ratio of less than or equal to 62.50% in addition to the covenants noted above.

At December 31, 2024, the Company was in compliance with all existing debt covenants and provisions related to potential defaults, other than the bilateral facilities which have been repaid as of the date of this report.

NOTE 21 LEASE AND OTHER FINANCING OBLIGATIONS

The Company primarily has operating and finance leases for corporate and regional offices, mining equipment, power generation, and transportation. These leases have a remaining lease term of less than 1 year to 33 years, some of which may include options to extend the lease for up to 15 years, and some of which may include options to terminate the lease within 1 year. Some of the Company's leases include payments that vary based on the Company’s level of usage and operations. These variable payments are

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

not included within right-of-use ("ROU") assets and lease liabilities in the Consolidated Balance Sheets. Additionally, short-term leases, which have an initial term of 12 months or less, are not recorded in the Consolidated Balance Sheets.

Total lease cost includes the following components:

	Year Ended December 31,
	2024		2023
Operating lease cost	$	27	$	23
Finance lease cost:
Amortization of ROU assets	91		78
Interest on lease liabilities	35		32
	126		110
Variable lease cost	509		298
Short-term lease cost	76		24
	$	738	$	455

Supplemental cash flow information related to leases includes the following:

	Year Ended December 31,
	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows relating to operating leases	$	20	$	23
Operating cash flows relating to finance leases	$	34	$	33
Financing cash flows relating to finance leases	$	87	$	67
Non-cash lease obligations arising from obtaining ROU assets:(1)
Operating leases	$	10	$	23
Finance leases	$	59	$	53

____________________________

(1)For the year ended December 31, 2023, operating and finance lease obligations assumed in relation to the Newcrest transaction were $13 and $51, respectively.

Information related to lease terms and discount rates is as follows:

	Operating Leases		Finance Leases
Weighted average remaining lease term (years)	8		8
Weighted average discount rate	4.35	%	6.36	%

Future minimum lease payments under non-cancellable leases as of December 31, 2024, were as follows:

	Operating<br><br>Leases (1)		Finance Leases
2025	$	20	$	116
2026	14		96
2027	13		77
2028	11		71
2029	10		46
Thereafter	31		252
Total future minimum lease payments	99		658
Less: Imputed interest	(12)		(162)
Total	$	87	$	496

____________________________

(1)The current and non-current portion of operating lease liabilities are included in Other current liabilities and Other non-current liabilities, respectively, on the Consolidated Balance Sheets.

As of December 31, 2024, the Company has additional leases that have not yet commenced. At commencement, the Company anticipates that these leases will result in additional ROU assets and lease liabilities of $3. The leases are anticipated to commence in 2025 with a lease term of approximately 2 years.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 22 OTHER LIABILITIES

	At December 31,
	2024		2023
Other current liabilities:
Reclamation and remediation liabilities	$	991	$	619
Accrued operating costs (1)	468		473
Accrued capital expenditures	208		320
Accrued royalties	165		137
Hedging instruments (2)	136		—
Payables to NGM (3)	115		91
Silver streaming agreement	76		87
Stamp duty on Newcrest transaction (4)	29		316
Other (5)	293		319
	$	2,481	$	2,362
Other non-current liabilities:
Income and mining taxes (6)	$	125	$	177
Greatland Option (7)	51		—
Other (8)	112		139
	$	288	$	316

____________________________

(1)Includes an estimated compensation payment to the Worsley JV related to the waiver of certain rights within the cross-operation agreement that confers priority to the bauxite operations at the Boddington mine.

(2)Refer to Note 14 for additional information.

(3)Payables to NGM at December 31, 2024 and December 31, 2023 consist of amounts due to (from) NGM representing Barrick's 61.5% proportionate share of the amount owed to NGM for gold and silver purchased by Newmont. Newmont’s 38.5% share of such amounts is eliminated upon proportionate consolidation of its interest in NGM. Receivables for Newmont's 38.5% proportionate share related to NGM's activities with Barrick are presented within Other current assets.

(4)Incurred as a result of the Newcrest transaction. Refer to Note 8 for further information. Payment of $291 occurred in the first quarter of 2024.

(5)Primarily consists of accrued interest on debt and taxes other than income and mining taxes.

(6)Primarily consists of unrecognized tax benefits, including penalties and interest.

(7)Acquired through the Telfer Sale in the fourth quarter of 2024 and accounted for under the fair value option. Refer to Notes 3 and 15 for further information.

(8)Primarily consists of the non-current portion of operating lease liabilities.

NOTE 23 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

	Unrealized Gain (Loss) on Hedge Instruments		Pension and Other Post-retirement Benefit Adjustments		Other Adjustments		Total
Balance at December 31, 2022	$	(69)	$	(27)	$	125	$	29
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications	(19)		(9)		(5)		(33)
(Gain) loss reclassified from accumulated other comprehensive income (loss)	18		—		—		18
Other comprehensive income (loss)	(1)		(9)		(5)		(15)
Balance at December 31, 2023	(70)		(36)		120		14
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications	(140)		8		5		(127)
(Gain) loss reclassified from accumulated other comprehensive income (loss)	17		—		1		18
Other comprehensive income (loss)	(123)		8		6		(109)
Balance at December 31, 2024	$	(193)	$	(28)	$	126	$	(95)

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)						Affected Line Item in the Consolidated Statements of Operations
	Year Ended December 31,
	2024		2023		2022
Hedge instruments adjustments:
Interest rate contracts	$	10	$	5	$	6	Interest expense, net of capitalized interest
Foreign currency cash flow hedges	7		19		—		Costs applicable to sales
Amortization	5		—		—		Costs applicable to sales
Total before tax	22		24		6
Tax	(5)		(6)		(1)
Net of tax	$	17	$	18	$	5
Pension and other post-retirement benefit adjustments:
Settlement	$	1	$	9	$	137	Other income (loss), net
Amortization	(1)		(9)		(1)		Other income (loss), net
Total before tax	—		—		136
Tax	—		—		(29)
Net of tax	$	—	$	—	$	107
Other adjustments:
Sale of marketable securities	$	1	$	—	$	—	Other income (loss), net
Total before tax	1		—		—
Tax	—		—		—
Net of tax	$	1	$	—	$	—
Total reclassifications for the period, net of tax	$	18	$	18	$	112

NOTE 24 NET CHANGE IN OPERATING ASSETS AND LIABILITIES

Net cash provided by (used in) operating activities of continuing operations attributable to the net change in operating assets and liabilities is composed of the following:

	Year Ended December 31,
	2024 (1)		2023		2022
Decrease (increase) in operating assets:
Trade and other receivables	$	(441)	$	(240)	$	5
Inventories, stockpiles and ore on leach pads	(534)		(187)		(161)
Other assets	64		50		(84)
Increase (decrease) in operating liabilities:
Accounts payable	(2)		(42)		102
Reclamation and remediation liabilities	(433)		(275)		(247)
Accrued tax liabilities	235		(197)		(343)
Other accrued liabilities (2)	86		378		(113)
	$	(1,025)	$	(513)	$	(841)

____________________________

(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 assets and liabilities were reclassified to Assets held for sale and Liabilities held for sale, respectively. Amounts herein reflect the net change in the related operating assets and liabilities prior to being reclassified as held for sale. Refer to Note 3 for additional information.

(2)Primarily consists of payment of $291 made in the first quarter of 2024 for stamp duty tax largely accrued in the fourth quarter of 2023 in connection with the Newcrest transaction.

NOTE 25 COMMITMENTS AND CONTINGENCIES

General

Estimated losses from contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable that a liability could be incurred and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

reasonably estimable, disclosure of the contingency and estimated range of loss, if determinable, is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.

Operating Segments

The Company’s operating and reportable segments are identified in Note 4. Except as noted in this paragraph, all of the Company’s commitments and contingencies specifically described herein are included in the non-operating segment Corporate and Other. The Yanacocha matters relate to the Yanacocha reportable segment. The CC&V matter relates to the CC&V reportable segment. The Goldcorp Canada matters relates to the Porcupine reportable segment. The Cadia matter relates to the Cadia reportable segment. The Newmont Ghana Gold and Newmont Golden Ridge matters relate to the Ahafo and Akyem reportable segments, respectively.

Environmental Matters

Refer to Note 6 for further information regarding reclamation and remediation. Details about certain significant matters are discussed below.

Minera Yanacocha S.R.L. - 100% Newmont Owned

In early 2015 and again in June 2017, the Peruvian government agency responsible for certain environmental regulations, MINAM, issued proposed modifications to water quality criteria for designated beneficial uses which apply to mining companies, including Yanacocha. These criteria modified the in-stream water quality criteria pursuant to which Yanacocha has been designing water treatment processes and infrastructure. In December 2015, MINAM issued the final regulation that modified the water quality standards. These Peruvian regulations allow time to formulate a compliance plan and make any necessary changes to achieve compliance.

In February 2017, Yanacocha submitted a modification to its previously approved compliance achievement plan to the MINEM. In May 2022, Yanacocha submitted a proposed modification to this plan requesting an extension of time for coming into full compliance with the new regulations to 2027. In June 2023, Yanacocha received approval of its updated compliance plan from MINEM and was granted an extension to June 2026 to achieve compliance. The Company appealed this approval to the Mining Council requesting the regulatory extension until 2027, and in April 2024, MINEM approved the compliance schedule.

The Company currently operates five water treatment plants at Yanacocha that have been and currently meet all currently applicable water discharge requirements. The Company is conducting detailed studies to better estimate water management and other closure activities that will ensure water quality and quantity discharge requirements, including the modifications promulgated by MINAM, as referenced above, will be met. This also includes performing a comprehensive update to the Yanacocha reclamation plan to address changes in closure activities and estimated closure costs while preserving optionality for potential future projects at Yanacocha. These ongoing studies, which will extend beyond the current year, continue to evaluate and revise assumptions and estimated costs of changes to the reclamation plan. While certain estimated costs remain subject to revision, the Company’s current asset retirement obligation includes plans for the construction and post-closure management of two new water treatment plants and initial consideration of known risks (including the associated risk that these water treatment estimates could change in the future as more work is completed). The ultimate construction costs of the two water treatment plants remain uncertain as ongoing study work and assessment of opportunities that incorporates the latest design considerations remain in progress. These and other additional risks and contingencies that are the subject of ongoing studies, including, but not limited to, a comprehensive review of the Company's tailings storage facility management, review of Yanacocha’s water balance and storm water management system, and review of post-closure management costs, could result in future material increases to the reclamation obligation at Yanacocha.

Cripple Creek & Victor Gold Mining Company LLC - 100% Newmont Owned

In December 2021, Cripple Creek & Victor Gold Mining Company LLC (“CC&V”, a wholly-owned subsidiary of the Company) entered into a Settlement Agreement (“Settlement Agreement”) with the Water Quality Control Division of the Colorado Department of Public Health and Environment (the “Division”) with a mutual objective of resolving issues associated with the new discharge permits issued by the Division in January 2021 for the Carlton Tunnel. The Carlton Tunnel was a historic tunnel completed in 1941 with the purpose of draining the southern portion of the mining district, subsequently consolidated by CC&V. CC&V has held discharge permits for the Carlton Tunnel since 1983, primarily to focus on monitoring, with the monitoring data accumulated since the mid-1970s indicating consistency in the water quality discharged from the Carlton Tunnel over time. In 2006, legal proceedings and work with the regulator confirmed that the water flowing out of the Carlton Tunnel portal is akin to natural spring water and did not constitute mine drainage. However, this changed with the January 2021 permit updates, when the regulator imposed new water quality limits. The Settlement Agreement involves the evaluation of a reasonable and achievable timeline for treatment and permit compliance, acknowledging the lack of readily available technology, and the need to spend three years to study and select the technological solution, with three additional years to construct, bringing full permit compliance to the November 2027 timeframe. In 2022, the Company studied various interim passive water treatment options, reported the study results to the Division, and based on an evaluation of additional semi-passive options that involve the usage of power at the portal, updated the remediation liability to $20 in 2022. CC&V continues to study alternative long-term remediation plans for water discharged from the Carlton Tunnel, and is also working with regulators on the Discharger Specific Variance ("DSV") to identify highest feasible alternative treatment in the context, based on limits such as area topography. CC&V formally submitted its proposal for the DSV and the matter will be presented to the

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

Water Quality Control Commission for June 2025 rulemaking hearing. Depending on the outcome of the hearing and the plans that may ultimately be agreed with the Division, a material adjustment to the remediation liability may be required.

In July 2024, CC&V received a notice from the Colorado Division of Reclamation Mining and Safety ("DRMS") citing it has reason to believe a violation existed with respect to reporting of monitoring data for mine impacted water at the mine’s East Cresson Overburden Storage Area ("ECOSA"). The Company and the DRMS reached a favorable Stipulated Agreement, which was submitted to the Mined Land Reclamation Board during the fourth quarter of 2024 and incorporated into an order of the Board.

Dawn Mining Company LLC (“Dawn”) - 58.19% Newmont Owned

Midnite mine site and Dawn mill site. Dawn previously leased an open pit uranium mine, currently inactive, on the Spokane Indian Reservation in the State of Washington. The mine site is subject to regulation by agencies of the U.S. Department of Interior (the Bureau of Indian Affairs and the Bureau of Land Management), as well as the EPA.

As per the Consent Decree approved by the U.S. District Court for the Eastern District of Washington on January 17, 2012, the following actions were required of Newmont, Dawn, the Department of the Interior and the EPA: (i) Newmont and Dawn would design, construct and implement the cleanup plan selected by the EPA in 2006 for the Midnite mine site; (ii) Newmont and Dawn would reimburse the EPA for its past costs associated with overseeing the work; (iii) the Department of the Interior would contribute a lump sum amount toward past EPA costs and future costs related to the cleanup of the Midnite mine site; (iv) Newmont and Dawn would be responsible for all future EPA oversight costs and Midnite mine site cleanup costs; and (v) Newmont would post a surety bond for work at the site.

During 2012, the Department of Interior contributed its share of past EPA costs and future costs related to the cleanup of the Midnite mine site. In 2016, Newmont completed the remedial design process, with the exception of the new WTP design which was awaiting the approval of the new NPDES permit. Subsequently, the new NPDES permit was received in 2017 and the WTP design commenced in 2018. The EPA approved the WTP design in 2021. Construction of the effluent pipeline began in 2021, and construction of the new WTP began in 2022. The WTP is projected to be completed in the first quarter of 2025. Forest fires and droughts in the Pacific Northwest delayed the completion of the effluent pipeline until early 2025.

The Dawn mill site is regulated by the Washington Department of Health (the "WDOH") and is in the process of being closed in accordance with the federal Uranium Mill Tailings Radiation Control Act, and associated Washington state regulations. Remediation at the Dawn mill site began in 2013. The Tailing Disposal Area 1-4 reclamation earthworks component was completed during 2017 with the embankment erosion protection completed in the second quarter of 2018. The remaining closure activities consist primarily of finalizing an Alternative Concentration Limit application (the "ACL application") submitted in 2020 to the WDOH to address groundwater issues, and also evaporating the remaining balance of process water at the site. In the fourth quarter of 2022, the WDOH provided comments on the ACL application, which Newmont is evaluating and conducting studies to better understand and respond to the comments provided by the WDOH. These studies and the related comment process will extend beyond the current year and could result in future material increases to the remediation obligation.

The remediation liability for the Midnite mine site and Dawn mill site is approximately $168, assumed 100% by Newmont, at December 31, 2024.

Goldcorp Canada Ltd. - 100% Newmont Owned

Porcupine mine site. The Porcupine complex is comprised of active open pit and underground mining operations as well as inactive, legacy sites from its extensive history of mining gold in and around the city of Timmins, Ontario since the early 1900s. As a result of these primarily historic mining activities, there are mine hazards in the area that could require some form of reclamation. The Company is conducting studies to better catalog, prioritize, and update its existing information of these historical mine hazards, to inform its closure plans and estimated closure costs. Based on work performed during 2023, a $46 reclamation adjustment was recorded at December 31, 2023, however, on-going studies will extend beyond the current year and could result in future material increases to the reclamation obligation at Porcupine.

Cadia Holdings Pty Ltd. - 100% Newmont Owned

Cadia mine site. Cadia Holdings Pty Ltd. (“Cadia Holdings”) is a wholly owned subsidiary of Newcrest, which was acquired by Newmont in November 2023. The mine site is subject to regulations by the New South Wales Environment Protection Authority (the “NSW EPA”). During the quarter ended June 2023, the NSW EPA issued variations to its Environment Protection License (“EPL”), a Prevention Notice and Notices to Provide Information regarding the management of, and investigation into potential breaches relating to, dust emissions and other air pollutants from Cadia Holdings’ tailings storage facilities and ventilation rises. The license variations largely formalized the actions Cadia Holdings had developed in consultation with the NSW EPA and was already undertaking across a range of measures. Cadia Holdings received a letter from the NSW EPA in June 2023 requiring it to immediately comply with specific statutory requirements and EPL conditions. Adjustments were implemented underground, including a reduction in mining rates, modifications to the ventilation circuit and the installation of additional dust sprays and spray curtains. Additional dust collection units were subsequently installed, enabling normal mining rates to be restored.

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

In August 2023, the NSW EPA commenced proceedings in the Land and Environment Court of NSW (the “NSW Land and Environment Court”) against Cadia Holdings, alleging that air emissions from Cadia on or about March 1, 2022 exceeded the standard of concentration for total solid particles permitted under applicable laws due to the use of surface exhaust fans at the mine. On September 29, 2023, Cadia Holdings entered a plea of guilty and the NSW Land and Environment Court listed the case for a sentencing hearing on June 21, 2024. On October 13, 2023, the NSW EPA commenced additional proceedings in the NSW Land and Environment Court against Cadia Holdings, alleging two additional contraventions of applicable air emissions requirements between November 3 and 5, 2021 and May 24 and 25, 2023 and two contraventions related to alleged air pollution from tailings storage facilities on October 13 and 31, 2022. On November 24, 2023, Cadia Holdings entered a plea of guilty to the two additional charges relating to applicable air emissions requirements and the sentencing hearing took place before the NSW Land and Environment Court on June 21, 2024. The matter has been adjourned pending the delivery of the judgment. On October 18, 2024, Cadia Holdings entered a plea of not guilty to the proceedings related to alleged air pollution from Cadia Holdings’ tailings storage facilities. The proceedings have been adjourned for further directions on February 21, 2025. The NSW EPA’s investigation regarding the management of air emissions from the mine is ongoing.

While no specific relief has been sought by the NSW EPA in its proceedings against Cadia Holdings before the NSW Land and Environment Court, the court can impose penalties.

Other Legal Matters

Newmont Corporation, as well as Newmont Canada Corporation, and Newmont Canada FN Holdings ULC – 100% Newmont Owned

Kirkland Lake Gold Inc., which was acquired by Agnico Eagle Mines Limited in 2022 (still referred to herein as “Kirkland” for ease of reference), owns certain mining and mineral rights in northeastern Ontario, Canada, referred to here as the Holt-McDermott property, on which it suspended operations in April 2020. A subsidiary of the Company has a retained royalty obligation (“Holt royalty obligation”) to Royal Gold, Inc. (“Royal Gold”) for production on the Holt-McDermott property. In August 2020, the Company and Kirkland signed a Strategic Alliance Agreement (the “Kirkland Agreement”). As part of the Kirkland Agreement, the Company purchased an option (the “Holt option”) for $75 from Kirkland for the mining and mineral rights subject to the Holt royalty obligation. The Company has the right to exercise the Holt option and acquire ownership to the mineral interests subject to the Holt royalty obligation in the event Kirkland intends to resume operations and process material subject to the obligation. Kirkland has the right to assume the Company’s Holt royalty obligation at any time, in which case the Holt option would terminate.

On August 16, 2021, International Royalty Corporation (“IRC”), a wholly-owned subsidiary of Royal Gold, filed an action in the Supreme Court of Nova Scotia against Newmont Corporation, Newmont Canada Corporation, Newmont Canada FN Holdings ULC (collectively "Newmont"), and certain Kirkland defendants (collectively "Kirkland"). IRC alleges the Kirkland Agreement is oppressive to the interests of Royal Gold under the Nova Scotia Companies Act and the Canada Business Corporations Act, and that, by entering into the Kirkland Agreement, Newmont breached its contractual obligations to Royal Gold. IRC seeks declaratory relief, and $350 in alleged royalty payments that it claims Newmont expected to pay under the Holt royalty obligation, but for the Kirkland Agreement. Kirkland filed a motion seeking dismissal of the case against it, which the court granted in October 2022. Newmont submitted its statement of defense on February 27, 2023, and a motion for summary judgment on January 12, 2024. The motion for summary judgment was denied on May 27, 2024. Newmont intends to vigorously defend this matter but cannot reasonably predict the outcome.

Newmont Ghana Gold Limited and Newmont Golden Ridge Limited - 100% Newmont Owned

On December 24, 2018, two individual plaintiffs, who are members of the Ghana Parliament (“Plaintiffs”), filed a writ to invoke the original jurisdiction of the Supreme Court of Ghana. On January 16, 2019, Plaintiffs filed the Statement of Plaintiff’s Case outlining the details of the Plaintiff’s case and subsequently served Newmont Ghana Gold Limited (“NGGL”) and Newmont Golden Ridge Limited (“NGRL”) along with the other named defendants, the Attorney General of Ghana, the Minerals Commission of Ghana and 33 other mining companies with interests in Ghana. The Plaintiffs allege that under article 268 of the 1992 Constitution of Ghana, the mining company defendants are not entitled to carry out any exploitation of minerals or other natural resources in Ghana, unless their respective transactions, contracts or concessions are ratified or exempted from ratification by the Parliament of Ghana. Newmont’s current mining leases are both ratified by Parliament; NGGL June 13, 2001 mining lease, ratified by Parliament on October 21, 2008, and NGRL January 19, 2010 mining lease; ratified by Parliament on December 3, 2015. The writ alleges that any mineral exploitation prior to Parliamentary ratification is unconstitutional. The Plaintiffs seek several remedies including: (i) a declaration as to the meaning of constitutional language at issue; (ii) an injunction precluding exploitation of minerals for any mining company without prior Parliamentary ratification; (iii) a declaration that all revenue as a result of violation of the Constitution shall be accounted for and recovered via cash equivalent; and (iv) an order that the Attorney General and Minerals Commission submit all un-ratified mining leases, undertakings or contracts to Parliament for ratification. Newmont intends to vigorously defend this matter, but cannot reasonably predict the outcome.

Newmont Capital Limited and Newmont Canada FN Holdings ULC – 100% Newmont Owned

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NEWMONT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in millions, except per share, per ounce and per pound amounts)

documentation for the transaction and the Company’s associated tax positions. One aspect of the ATO review relates to an Australian capital gains tax that applies to sales or transfers of stock in certain types of entities. In the fourth quarter of 2017, the ATO notified the Company that it believed the 2011 reorganization was subject to capital gains tax of approximately $85 (including interest and penalties). The Company disputed this conclusion and is vigorously defending its position that the transaction is not subject to this tax. In the fourth quarter of 2017, the Company made a $24 payment to the ATO and lodged an appeal with the Australian Federal Court. The court proceedings were held during the third quarter of 2024 and the Company is currently awaiting the judgment, which is expected during the second quarter of 2025. The Company cannot reasonably predict the outcome.

Newmont Corporation and Goldcorp Canada Ltd. – 100% Newmont Owned

On November 20, 2024, Taykwa Tagamou Nation (“TTN") filed a Statement of Claim in the Ontario Superior Court of Justice against the Ontario government, as well as Newmont Corporation and Goldcorp Canada Ltd. (collectively “Newmont”), alleging that the resumption of open pit mining at the Pamour mine in Timmins, Ontario, Canada would be without proper consultation or consideration of the cumulative impacts of TTN’s traditional territory and Aboriginal rights, and as such, the associated environmental permits previously issued by the Ontario government with respect to Pamour ought to be revoked. TTN is seeking, amongst other things: (i) a stay of all activities authorized under the permits until the case is resolved, (ii) a declaration that Ontario breached its duty to consult and violated Treaty No. 9, and section 35 of the Constitution Act (Canada) 1982, and (iii) general and aggravated damages. Newmont remains steadfast in its commitment to foster meaningful and productive relationships with First Nation communities in Canada, and had undertaken appropriate consultations with various community stakeholders, including TTN and other First Nation groups in the Timmins area – as such, the permits were properly issued by the government. Newmont intends to vigorously defend this matter, but cannot reasonably predict the outcome.

Newmont Corporation

On January 31, 2025, a putative class action lawsuit was filed against Newmont and Newmont’s Chief Executive Officer, Chief Operating Officer and Chief Financial Officer in the United States District Court for the District of Colorado. The action was brought on behalf of an alleged class of Newmont stockholders who owned stock between February 22, 2024 and October 23, 2024 (the alleged class period). Plaintiffs allege that the defendants made a series of materially false and misleading statements and/or omissions during the alleged class period regarding the Company’s projected revenue outlook and ability to deliver higher grades of gold and mineral production in violation of federal securities laws. Plaintiffs further allege that the purported class members suffered losses and damages resulting from declines in the market value of Newmont’s common stock after the Company announced its third quarter 2024 results and updated guidance on October 23, 2024. Plaintiffs seek unspecified monetary damages and other relief. Newmont intends to vigorously defend this matter, but cannot reasonably predict the outcome.

Other Commitments and Contingencies

As part of its ongoing business and operations, the Company and its affiliates are required to provide surety bonds, bank letters of credit and bank guarantees as financial support for various purposes, including environmental remediation, reclamation, exploration permitting, workers compensation programs and other general corporate purposes. At December 31, 2024 and 2023, there were $2,086 and $2,123, respectively, of outstanding letters of credit, surety bonds and bank guarantees. The obligations associated with these instruments are generally related to performance requirements that the Company addresses through its ongoing operations. As the specific requirements are met, the beneficiary of the associated instrument cancels and/or returns the instrument to the issuing entity. Certain of these instruments are associated with operating sites with long-lived assets and will remain outstanding until closure. Generally, bonding requirements associated with environmental regulation are becoming more restrictive. However, the Company believes it is in compliance with all applicable bonding obligations and will be able to satisfy future bonding requirements through existing or alternative means, as they arise.

Newmont is from time to time involved in various legal proceedings related to its business. Except in the above described proceedings, management does not believe that adverse decisions in any pending or threatened proceeding or that amounts that may be required to be paid by reason thereof will have a material adverse effect on the Company’s financial condition or results of operations.

In connection with the Company's investment in Galore Creek, Newmont will owe NovaGold Resources Inc. $75 upon the earlier of approval to construct a mine, mill and all related infrastructure for the Galore Creek project or the initiation of construction of a mine, mill or related infrastructure. The amount due is non-interest bearing. The decision for an approval and commencement of construction is contingent on the results of a prefeasibility study which is currently under way and feasibility study which has not yet occurred.

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

The Company’s management, with the participation of the Chief Executive Officer and Chief Financial Officer of the Company, carried out an evaluation of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of December 31, 2024, the end of the period covered by this report. Based on such evaluation, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that, as of December 31, 2024, the Company’s disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the required time periods and are designed to ensure that information required to be disclosed in its reports is accumulated and communicated to the Company’s management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Management’s Report on Internal Control over Financial Reporting

The management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is a process designed by, or under the supervision of, the Company’s principal executive and principal financial officers and effected by the Company’s Board of Directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

The Company’s management assessed the effectiveness of the Company’s internal control over financial reporting at December 31, 2024. In making this assessment, the Company’s management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework 2013. Based upon its assessment, management concluded that, at December 31, 2024, the Company’s internal control over financial reporting was effective.

As permitted by the SEC Staff interpretive guidance for proportionately consolidated entities, the Company’s management excluded NGM from its assessment of internal control over financial reporting at December 31, 2024, as management does not have the ability to dictate, modify or assess the controls at NGM. The Company has implemented internal controls over financial reporting for recognizing its proportionate share of the assets, liabilities, and operations of NGM. Refer to Item 8 "Financial Statements and Supplementary Data" for NGM's "Report of Independent Registered Public Accounting Firm" for Opinion on the Financial Statements and Internal Controls over Financial Reporting.

NGM represented 13% of the Company’s consolidated Total assets at December 31, 2024, while its Sales comprised 13% of the Company’s consolidated sales and its Net income attributable to Newmont stockholders comprised 20% of the Company's net income for the year ended December 31, 2024.

Ernst & Young LLP, an independent registered public accounting firm that audited the consolidated financial statements of the Company included in this Annual Report on Form 10-K, has issued an attestation report on the effectiveness of the Company's internal control over financial reporting as of December 31, 2024. The report, which expresses an unqualified opinion on the effectiveness of the Company's internal control over financial reporting as of December 31, 2024, is included in this Item under the heading "Report of Independent Registered Public Accounting Firm.

Changes in Internal Controls

Subject to the above, there were no changes in the Company’s internal control over financial reporting that occurred during the quarter ended December 31, 2024, that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders and Board of Directors of Newmont Corporation

Opinion on Internal Control Over Financial Reporting

We have audited Newmont Corporation’s (the Company) internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the COSO criteria). In our opinion, based on our audit and the report of PricewaterhouseCoopers LLP, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2024, based on the COSO criteria.

We did not audit the effectiveness of internal control over financial reporting of Nevada Gold Mines LLC, a 38.5% owned investment which is proportionately consolidated, whose financial statements reflect total assets constituting 13% of consolidated assets as of December 31, 2024 and sales constituting 13% of consolidated sales for the year ended December 31, 2024. The effectiveness of Nevada Gold Mines LLC’s internal control over financial reporting was audited by PricewaterhouseCoopers LLP, whose report has been furnished to us, and our opinion, insofar as it relates to the effectiveness of Nevada Gold Mines LLC’s internal control over financial reporting, is based solely on the report of PricewaterhouseCoopers LLP.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets of the Company as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive income (loss), changes in equity and cash flows for each of the three years in the period ended December 31, 2024, the related notes and financial statement schedule in Item 15(a)(2), and our report dated February 20, 2025 expressed an unqualified opinion thereon, based on our audit and the report of PricewaterhouseCoopers LLP.

Basis for Opinion

The Company’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting included in the accompanying Management’s Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects.

Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit and the report PricewaterhouseCoopers LLP provide a reasonable basis for our opinion.

Definition and Limitations of Internal Control Over Financial Reporting

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

/s/ Ernst & Young LLP

Denver, Colorado

February 20, 2025

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ITEM 9B. OTHER INFORMATION

(a) Disclosure Pursuant to Item 5.03 of Form 8-K. Amendments to Articles of Incorporation or Bylaws

On February 19, 2025, the Board of Directors amended and restated the Company’s By-Laws (the “Amended and Restated By-Laws”). The Amended and Restated By-Laws became effective as of February 19, 2025. Among other changes, the Amended and Restated By-Laws (i) address certain matters related to Rule 14a-19 under the Exchange Act and clarify certain disclosure requirements in Article I, Section 4 (Notice of Stockholder Business and Nominations), Section 4A (Inclusion of Stockholder Director Nominations in the Corporation’s Proxy Materials) and Section 4B (Submission of Questionnaire, Representation and Agreement); (ii) modify Article I, Section 7 to align more closely with the Delaware General Corporation Law (“DGCL”) and current practices regarding access to stockholder lists and provisions relating to stockholder meetings held by remote communication; (iii) clarify the roles of the Chief Accounting Officer and Controller; and (iv) establish the state courts of the state of Delaware (or, if such court does not have subject matter jurisdiction, the federal court for the District of Delaware) as the exclusive forum for specified actions relating to the Company, including derivative actions, actions asserting claims based on breach of fiduciary duties, actions asserting claims pursuant to the any provision of the DGCL, the Company’s Second Amended and Restated Certificate of Incorporation, or the Company’s Amended and Restated By-Laws, and actions asserting claims governed by the internal affairs doctrine or asserting an “internal corporate claim” as defined in Section 115 of the DGCL. The Amended and Restated By-Laws also make clarifications, updates and other, non-substantive changes. This description of the amendments to the Amended and Restated By-Laws is qualified in its entirety by reference to the text of the Amended and Restated By-Laws filed as Exhibit 3.2 to this Annual Report on Form 10-K.

(b) Rule 10b5-1 Trading Plans

Our directors and executive officers may purchase or sell shares of our common stock in the market from time to time, including pursuant to equity trading plans adopted in accordance with Rule 10b5-1 under the Exchange Act and in compliance with guidelines specified by the Company’s stock trading standard, which has been filed as Exhibit 19 to this annual report. In accordance with Rule 10b5-1 and the Company’s insider trading policy, directors, officers and certain employees who, at such time, are not in possession of material non-public information about the Company are permitted to enter into written plans that pre-establish amounts, prices and dates (or formula for determining the amounts, prices and dates) of future purchases or sales of the Company’s stock, including shares acquired pursuant to the Company’s employee and director equity plans (a “Rule 10b5-1 Trading Plan”). Under the Company’s stock trading standard, the first trade made pursuant to a Rule 10b5-1 trading plan may take place no earlier than 90 days after adoption of the trading plan. Under a Rule 10b5-1 trading plan, a broker executes trades pursuant to parameters established by the director or executive officer when entering into the plan, without further direction from them. The use of these trading plans permits asset diversification as well as financial and tax planning. Our directors and executive officers also may buy or sell additional shares outside of a Rule 10b5-1 plan when they are not in possession of material nonpublic information, subject to compliance with SEC rules, the terms of our stock trading standard and holding requirements. During the three months ended December 31, 2024, the following directors and executive officers adopted or terminated Rule 10b5-1 trading plans intended to satisfy the affirmative defense conditions of Rule 10b5-1(c):

On December 16, 2024, Tom Palmer, President, Chief Executive Officer and Director, terminated a trading arrangement previously adopted with respect to the sale of securities of the Company’s common stock. Mr. Palmer’s Rule 10b5-1 Trading Plan was adopted on March 28, 2024, had a term of 11 months, and provided for the sale of up to 104,000 shares of common stock pursuant to the terms of the plan. As of the date of termination of the Rule 10b5-1 Trading Plan, Mr. Palmer had sold 99,000 shares of common stock under its terms. The adoption of such 10b5-1 Trading Plan, and its subsequent termination, each occurred during an open insider trading window and complied with the Company’s standards on insider trading.

Transactions under Section 16 officer trading plans will be disclosed publicly through Form 144 and Form 4 filings with the SEC to the extent required by law. No other Section 16 director or officer of the Company adopted, modified, or terminated Rule 10b5-1 trading plans during the covered period. No non-Rule 10b5-1 trading arrangements (as defined by Item 408(a) of Regulation S-K) were entered into by Section 16 director or officer of the Company during the covered period.

ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

Not applicable.

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PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Information concerning Newmont’s executive officers, as of December 31, 2024, is set forth below:

Name	Age	Office
Thomas R. Palmer	57	President and Chief Executive Officer
Natascha Viljoen	54	Executive Vice President and Chief Operating Officer
Karyn F. Ovelmen	61	Executive Vice President and Chief Financial Officer
Peter Toth	55	Executive Vice President and Chief Development Officer
Francois Hardy	53	Executive Vice President and Chief Technology Officer
Peter Wexler	57	Executive Vice President and Chief Legal Officer
Jennifer Cmil	54	Executive Vice President and Chief People Officer
Brian Tabolt	43	Senior Vice President, Global Finance and Chief Accounting Officer

There are no family relationships by blood, marriage or adoption among any of the above executive officers or members of the Board of Directors of Newmont. Each executive officer is elected annually by the Board of Directors of Newmont to serve for one year or until his or her respective successor is elected and qualified. There is no arrangement or understanding between any of the above executive officers and any other person pursuant to which he or she was selected as an executive officer.

Mr. Palmer was first elected as President and Chief Executive Officer and a member of the Board of Directors in October 2019. He served as President since June 2019 and as President and Chief Operating Officer from November 2018 until June 2019. Previously, he served as Executive Vice President and Chief Operating Officer since May 2016. Mr. Palmer was elected Senior Vice President, Asia Pacific in February 2015 after serving as Senior Vice President, Indonesia since March 2014. Prior to joining Newmont, he was the Chief Operating Officer, Pilbara Mines at Rio Tinto Iron Ore. Over a 20-year career with Rio Tinto, Mr. Palmer worked in a variety of roles across a number of commodities, including General Manager, Technology for the Bauxite and Alumina business; General Manager, Operations at Hail Creek coal mine; and General Manager, Asset Management at Palabora Mining Company in South Africa.

Ms. Viljoen joined Newmont’s Executive Leadership Team in October 2023 as Executive Vice President and Chief Operating Officer. Prior to joining Newmont, Ms. Viljoen served as Chief Executive Officer of Anglo American’s platinum business in South Africa since 2020, having previously held a series of operating and technical positions within the organization, including as Group Head of Processing. Prior to joining Anglo American, she spent six years at Lonmin, where she served on the executive committee as Executive Vice President of Processing, also with responsibility for several wider corporate functions, including sustainability.

Ms. Ovelmen joined Newmont in May 2023 as Executive Vice President and Chief Financial Officer. Ms. Ovelmen has over 30 years of financial, accounting and operating experience across the energy, manufacturing and distribution industries, including over 12 years in Chief Financial Officer roles. Most recently, Ms. Ovelmen has served as a non-executive and independent director of Hess Corporation since November 2020, including as a member of the Audit Committee, and as a non-executive and independent director of ArcelorMittal since May 2015, including as lead independent director, chair of the Audit & Risk Committee and chair of the Appointment Remuneration and Corporate Governance Committee. From January 2019 to December 2019, Ms. Ovelmen was the Gas Power Transformation Leader for the General Electric Company. Ms. Ovelmen served on the Board of Gates Industrial Corporation plc. as a non-executive director and was a member of their Audit Committee from December 2017 to March 2019. She previously served as Executive Vice President and Chief Financial Officer of Flowserve from June 2015 to February 2017, Chief Financial Officer and Executive Vice President of LyondellBasell Industries NV from 2011 to May 2015, Executive Vice President and Chief Financial Officer of Petroplus Holdings AG from May 2006 to September 2010 and Executive Vice President and Chief Financial Officer of Argus Services Corporation from 2005 to 2006. Prior to that, she was Vice President of External Reporting and Investor Relations for Premcor Refining Group Inc. She also spent 12 years with PricewaterhouseCoopers, primarily serving energy industry accounts, as a Certified Public Accountant.

Mr. Toth was promoted to Executive Vice President and Chief Development Officer in June 2023. Mr. Toth joined Newmont in July 2022 as Executive Vice President, Strategic Development and his role was expanded to include Sustainability in September of 2022 to become Executive Vice President and Chief Strategy and Sustainability Officer. Prior to joining Newmont, Mr. Toth worked at Rio Tinto from April 2014, with his last role being Group Executive, Strategy and Development, with accountability for business development/M&A, strategic partnerships, climate and sustainability strategy, closure, and exploration. Mr. Toth has more than 25 years of leadership experience working in the resources industry across various commodities. Mr. Toth has held senior strategic, commercial, and operational roles across Europe, Singapore, Australia and the United Kingdom with Rio Tinto, BHP, and OM Holdings.

Mr. Hardy was promoted to Chief Technology Officer in May 2024, after previously serving as Group Head, Mineral Resource Management since May 2023. Prior to this role he served as Senior Vice President, Exploration since February 2022. Prior to this role he served as Regional Senior Vice President, Africa since April 2019. Prior to that he served as Regional Project Director for Newmont Australia and as the General Manager of Tanami gold mine where he led a team responsible for improving the operation into a Tier 1 asset. He joined Newmont in May 2002 and over his tenure has held a number of roles in Global Program Management, Business

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Excellence, Technical Services and Senior Site Leadership roles at several Newmont assets in Australia. Prior to Newmont, Francois held positions at Avmin Ltd, De Beers Consolidated Mines and Anglovaal Ltd. Francois holds a Bachelor's degree in Mine Engineering, a National Higher Diploma in Metalliferous Mining from the University of Johannesburg as well as Management Certificate of Competencies for Western Australia and South Africa.

Mr. Wexler joined Newmont in March 2024 as Executive Vice President and Chief Legal Officer. Mr. Wexler is a seasoned legal and risk management leader with more than three decades of international experience, including managing legal, risk, compliance, M&A, antitrust, litigation and corporate governance affairs within the industrial, technology, energy management, engineering, manufacturing and construction sectors. Before joining Newmont, he served as Chief Legal Officer at Schneider Electric, a Global 500 business, for 15 years. Prior to that, Mr. Wexler served as in-house counsel overseeing legal, risk and compliance at various companies, including American Power Conversion Corporation. Mr. Wexler holds a J.D. from American University Washington College of Law and a B.A. in History and Political Science from the University of Vermont.

Ms. Cmil is Executive Vice President and Chief People Officer of Newmont, positions she has held since October 2019. Ms. Cmil first joined Newmont in 2010 as Senior Director, Human Resources. Prior to joining Newmont, Ms. Cmil held leadership positions in human resources across multiple industries, including Vice President of Human Resources at Level 3 Telecommunications, Senior Human Resources Director at KB Home and Human Resources Partner at Sun Microsystems, where she began her career in 1994.

Mr. Tabolt was appointed to Senior Vice President, Global Finance and Chief Accounting Officer in December 2024. Mr. Tabolt held a strategic leadership role as Group Head, Financial Planning and Analysis since May 2023. Prior to that, Mr. Tabolt was elected Interim Chief Financial Officer in November 2022 after having served as Vice President, Controller and Chief Accounting Officer since May 2021. Before joining Newmont Corporation, Mr. Tabolt served as Molson Coors Beverage Company’s Vice President, Controller and Chief Accounting Officer since 2014 and held other senior management roles within Molson Coors’ Accounting function, including as Senior Director of SEC Reporting and Technical Accounting and Senior Manager Technical Accounting. Mr. Tabolt began his career in public accounting with Deloitte, holds Bachelor and Master of Science degrees in Accounting from Pennsylvania State University and is a Certified Public Accountant.

The information about directors required by Item 401(a), (d), (e) and (f) of Regulation S-K and contained under the heading “Election of Directors” in the Notice of the 2025 Annual Meeting of Stockholders and 2025 Proxy Statement, to be filed pursuant to Regulation 14A promulgated under the Securities Exchange Act of 1934 for the 2025 Annual Stockholders Meeting (the “2025 Proxy Statement”), is incorporated by reference into this annual report on Form 10-K.

The information required by Item 405 of Regulation S-K and contained under the heading “Delinquent Section 16(a) Reports” in the 2025 Proxy Statement is incorporated by reference into this annual report on Form 10-K.

The information required by Item 406 of Regulation S-K and contained under the heading “Corporate Governance—Code of Conduct” in the 2025 Proxy Statement is incorporated by reference into this annual report on Form 10-K.

The information required by Item 407(d)(4) and (5) of Regulation S-K and contained under the heading “Committees of the Board of Directors and Attendance—Committee Memberships” in the 2025 Proxy Statement is incorporated by reference into this annual report on Form 10-K.

The information required by Item 408(b) of Regulation S-K and contained under the heading “Executive Compensation Policies and Practices — Restrictions on Trading Stock” in the 2025 Proxy Statement is incorporated by reference into this annual report on Form 10-K.

ITEM 11. EXECUTIVE COMPENSATION

The information required by Item 402 of Regulation S-K and contained under the headings “Compensation Discussion and Analysis,” “2024 Executive Compensation Tables,” “Additional Benefits and Tables,” and “Corporate Governance — Director Compensation” in the 2025 Proxy Statement is incorporated by reference into this annual report on Form 10-K.

The information required by Item 407(e)(5) of Regulation S-K and contained under the heading “Report of the Leadership Development and Compensation Committee on Executive Compensation” in the 2025 Proxy Statement is incorporated by reference into this annual report on Form 10-K.

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ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

Equity Compensation Plan Information

The following table sets forth at December 31, 2024 information regarding Newmont’s Common Stock that may be issued under Newmont’s equity compensation plans:

	Number of Securities to be issued upon exercise of outstanding options, warrants and rights	Weighted average exercise price of outstanding options, warrants and rights	Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))
Plan Category	(a)	(b) (1)	(c)
Equity compensation plans approved by security holders (2)	4,920,183	N/A	18,993,357	(3)
Equity compensation plans not approved by security holders	—	N/A	—

____________________________

(1)The weighted average exercise price does not take into account the shares issuable upon vesting of restricted stock units, performance leveraged stock units.

(2)Newmont’s 2020 Stock Incentive Plan was approved by the stockholders on April 21, 2020. A maximum of 20,000,000 shares of Newmont's Common Stock, plus up to 3,644,782 shares available for grant under the 2013 Incentive Plan as of May 1, 2020, were authorized to be issued under the 2013 Stock Incentive Plan at that time. There are currently 18,993,357 shares registered and available to grant under the 2020 Stock Incentive Plan. There are no equity compensation plans not approved by stockholders.

(3)Securities remaining available for future issuance under the 2020 Stock Incentive Plan. No additional grants or awards will be made under any of the Company’s other plans.

The information required by Item 403 of Regulation S-K and contained under the heading “Beneficial Ownership of Common Stock” in the 2025 Proxy Statement is incorporated by reference into this annual report on Form 10-K.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

The information required by Item 404 of Regulation S-K and contained under the heading “Corporate Governance—Related Person Transactions” in the 2025 Proxy Statement is incorporated by reference into this annual report on Form 10-K.

The information required by Item 407(a) of Regulation S-K and contained under the heading “Proposal One—Election of Directors—Independence of Directors” in the 2025 Proxy Statement is incorporated by reference into this annual report on Form 10-K.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

The information required by Item 9(e) of Schedule 14A and contained under the heading “Proposal Three — Ratification of Appointment of Independent Registered Public Accounting Firm” and “Independent Auditors Fees” in the 2025 Proxy Statement is incorporated by reference into this annual report on Form 10-K.

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PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

The following documents are filed as a part of this report:

(a)Financial Statements

(1)The Consolidated Financial Statements, together with the reports of the independent auditors thereon dated February 20, 2025, are included as part of Item 8, Financial Statements and Supplementary Data.

	Page
Reports of Independent Registered Public Accounting Firms	129
Consolidated Statements of Operations	133
Consolidated Statements of Comprehensive Income (Loss)	134
Consolidated Balance Sheets	135
Consolidated Statements of Cash Flows	136
Consolidated Statements of Changes in Equity	138
Notes to Consolidated Financial Statements	139

(2)Financial Statement Schedules:

Included on page SCH-2 is Schedule II - Valuation and Qualifying Accounts.

(3)Exhibits:

Exhibit<br>Number		Description
2.1	-	Scheme Implementation Deed, dated as of May 15, 2023, by and among the Registrant, Newmont Overseas Holdings Pty Ltd and Newcrest Mining Limited. Incorporated by reference to Exhibit 2.1 to the Registrant’s Form 8-K filed with the Securities and Exchange Commission on May 15, 2023.
2.2	-	First Letter Deed, dated as of September 4, 2023, by and among the Registrant, Newmont Overseas Holdings Pty Ltd and Newcrest Mining Limited. Incorporated by reference to Annex A-II of the Registrant’s Schedule 14A filed with the Securities and Exchange Commission on September 5, 2023.
2.3	-	Second Letter Deed, dated as of October 12, 2023, by and among the Registrant, Newmont Overseas Holdings Pty Ltd and Newcrest Mining Limited. Incorporated by reference to Exhibit 2.2 to the Registrant’s Form 10-Q filed with the Securities and Exchange Commission on October 26, 2023.
3.1	-	Second Amended and Restated Certificate of Incorporation of Registrant, dated November 3, 2023. Incorporated by reference to Exhibit 3.1 to Registrants’ Form 8-K filed with the Securities and Exchange Commission on November 6, 2023.
3.2	-	By-Laws of the Registrant, amended and restated as of February 19, 2025, filed herewith.
4.1	-	Indenture, dated as of March 22, 2005, among the Registrant, Newmont USA Limited and Citibank, N.A. (including the form of notes and form of guarantee under Article 2 thereof). Incorporated by reference to Exhibit 4.1 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on March 22, 2005.
4.2	-	First Supplemental Indenture, dated as of July 1, 2019, among Registrant, Newmont USA Limited, Nevada Gold Mines LLC and The Bank of New York Mellon Trust Company, N.A., as trustee. Incorporated by reference to Exhibit 4.2 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on July 5, 2019.
4.3	-	Second Supplemental Indenture, dated as of August 23, 2019, among Registrant, Newmont USA Limited and the Bank of New York Mellon Trust Company, N.A., as trustee. Incorporated by reference to Exhibit 4.3 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on August 29, 2019.
4.4	-	Base Indenture, dated September 18, 2009, among Registrant, Newmont USA Limited and The Bank of New York Mellon Trust Company, N.A., as trustee. Incorporated by reference to Exhibit 4.1 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on September 18, 2009.

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4.5	-	First Supplemental Indenture, dated September 18, 2009, among Registrant, Newmont USA Limited and The Bank of New York Mellon Trust Company, N.A., as trustee (including form of 6.250% Senior Note due 2039, and forms of Guaranty for the 2039 Notes). Incorporated by reference to Exhibit 4.2 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on September 18, 2009.
4.6	-	Second Supplemental Indenture, dated March 8, 2012, among Registrant, Newmont USA Limited and The Bank of New York Mellon Trust Company, N.A., as trustee (including form of 4.875% Senior Note due 2042, and forms of Guaranty for the 2042 Notes). Incorporated by reference to Exhibit 4.2 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on March 9, 2012.
4.7	-	Third Supplemental Indenture, dated as of September 16, 2019, among Registrant, Newmont USA Limited and the Bank of New York Mellon Trust Company, N.A., as trustee. Incorporated by reference to Exhibit 4.2 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on September 16, 2019.
4.8	-	Form of 2.800% Senior Notes due 2029 (included as Exhibit A of Exhibit 4.7). Incorporated by reference to Exhibit 4.2 to the Registrant’s Form 8-K filed with the Securities and Exchange Commission on September 16, 2019.
4.9	-	Form of Guaranty for the 2.800% Senior Notes due 2029 (included as Exhibit A of Exhibit 4.7). Incorporated by reference to Exhibit 4.2 to the Registrant’s Form 8-K filed with the Securities and Exchange Commission on September 16, 2019.
4.10	-	Fourth Supplemental Indenture, dated as of March 18, 2020, among the Company, The Guarantor and the Trustee. Incorporated by reference to Exhibit 4.2 to Registrant's Form 8-K filed with the Securities and Exchange Commission on March 18, 2020.
4.11	-	Form of 2.250% Notes due 2030 (included as Exhibit A of Exhibit 4.8). Incorporated by reference to Exhibit 4.2 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on March 18, 2020.
4.12	-	Fifth Supplemental Indenture, dated as of December 20, 2021, among the Company, the Guarantor and the Trustee. Incorporated by reference to Exhibit 4.2 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on December 21, 2021.
4.13	-	Form of 2.600% Sustainability-Linked Senior Notes due 2032 (included as Exhibit A of Exhibit 4.11). Incorporated by reference to Exhibit 4.2 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on December 21, 2021.
4.14	-	Indenture, dated as of April 22, 2019, by and among Registrant, Newmont USA Limited and The Bank of New York Mellon Trust Company, N.A. Incorporated by reference to Exhibit 4.1 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on April 23, 2019.
4.15	-	Form of 5.450% Notes due 2044 (included as Exhibit C of Exhibit 4.14). Incorporated by reference to Exhibit 4.1 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on April 23, 2019.
4.16	-	Indenture, dated as of December 28, 2023, by and among Registrant, Newcrest Finance Pty Limited, Newmont USA Limited and The Bank of New York Mellon Trust Company, N.A. Incorporated by reference to Exhibit 4.1 to the Registrant’s Form 8-K filed with the Securities and Exchange Commission on December 28, 2023.
4.17	-	Form of 3.250% Notes due 2030 (included as Exhibit A of Exhibit 4.16). Incorporated by reference to Exhibit 4.1 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on December 28, 2023.
4.18	-	Form of 5.75% Notes due 2041 (included as Exhibit B of Exhibit 4.16). Incorporated by reference to Exhibit 4.1 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on December 28, 2023.
4.19	-	Form of 4.200% Notes due 2050 (included as Exhibit C of Exhibit 4.16). Incorporated by reference to Exhibit 4.1 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on December 28, 2023.
4.20	-	Indenture, dated as of March 7, 2024, by and among Newmont Corporation, Newcrest Finance Pty Limited, Newmont USA Limited and The Bank of New York Mellon Trust Company, N.A. Incorporated by reference to Exhibit 4.1 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on March 8, 2024.
4.21	-	F orm of 5.30% Notes due 2026 (included as Exhibit A of Exhibit 4 .20 ). Incorporated by reference to Exhibit 4.2 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on March 8, 2024.
4.22	-	Form of 5.35% Notes due 2034 (included as Exhibit B of Exhibit 4.20 ). Incorporated by reference to Exhibit 4.2 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on March 8, 2024.

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4.23	-	Registration Rights Agreement, dated as of March 7, 2024, by and among Newmont Corporation, BMO Capital Markets Corp., Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC. Incorporated by reference to Exhibit 4.4 to Registrant's Form 8-K filed with the Securities and Exchange Commission on March 8 , 2024.
4.24	-	Pursuant to Item 601(b)(4)(iii) of Regulation S-K, copies of instruments defining the rights of holders of certain long-term debt are not filed. The Registrant agrees to furnish copies thereof to the Securities and Exchange Commission upon request.
4.25	-	Description of Securities of Registrant registered under Section 12 of the Securities Exchange Act of 1934 , filed herewith.
10.1*	-	2005 Stock Incentive Plan, amended and restated effective October 26, 2005. Incorporated by reference to Exhibit 10.1 to the Registrant’s Form 8-K filed with the Securities and Exchange Commission on October 31, 2005.
10.2*	-	2013 Stock Incentive Plan. Incorporated by reference to Appendix A of the Registrant’s Schedule 14A filed with the Securities and Exchange Commission on March 7, 2013.
10.3*	-	2020 Stock Incentive Plan. Incorporated by reference to Annex A of the Registrant's Schedule 14A filed with the Securities and Exchange Commission on March 6, 2020.
10.4*	-	Form of Award Agreement used for non-employee Directors to grant director stock units pursuant to the 2005 Stock Incentive Plan. Incorporated by reference to Exhibit 10.1 of the Registrant’s Form 8-K filed with the Securities and Exchange Commission on June 17, 2005.
10.5*	-	Form of Award Agreement used for non-employee Directors to grant director stock units pursuant to Registrant’s 2013 Stock Incentive Plan. Incorporated by reference to Exhibit 10.8 to the Registrant’s Form 10-Q for the period ended June 30, 2013, filed with the Securities and Exchange Commission on July 26, 2013.
10.6*	-	Form of Global 2018 Director Stock Unit Award Agreement to grant director stock units, pursuant to Registrant’s 2013 Stock Incentive Plan. Incorporated by reference to Exhibit 10.23 to the Registrant’s Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission on February 21, 2019.
10.7*	-	Form of Global 2019 Director Stock Unit Award Agreement to grant director stock units, pursuant to Registrant’s 2013 Stock Incentive Plan. Incorporated by reference to Exhibit 10.16 to the Registrants Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission on February 20, 2020.
10.8*	-	Offer of Director Stock Units to Australian Resident Directors regarding the grant of Director Stock Units under the Registrant’s 2013 Stock Incentive Plan to eligible Australian resident directors of Registrant. Incorporated by reference to Exhibit 10.24 to the Registrant’s Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission on February 21, 2019.
10.9*	-	Form of Global 2020 Director Stock Unit Award Agreement to grant director stock units, pursuant to Registrant's 2013 Stock Incentive Plan. Incorporated by reference to Exhibit 10.3 to the Registrant's Form 10-Q for the period ended March 31, 2020, filed with the Securities and Exchange Commission on May 5, 2020.
10.10*	-	Form of Global 2020 Director Stock Unit Award Agreement to grant director stock units, pursuant to Registrant’s 2020 Stock Incentive Plan. Incorporated by reference to Exhibit 10.3 to the Registrant's Form 10-Q for the period ended June 30, 2020, filed with the Securities and Exchange Commission on July 30, 2020.
10.11*	-	Form of Global 2022 Director Stock Unit Award Agreement to grant director stock units, pursuant to Registrant's 2020 Stock Incentive Plan, filed herewith. Incorporated by reference to Exhibit 10.3 of the Registrant’s Form 10-Q for the period ending March 31, 2022, filed with the Securities and Exchange Commission on April 22, 2022.
10.12*	-	2023 Form of Director Stock Unit Award Agreement to grant director stock units, pursuant to Registrant's 2020 Stock Incentive Plan. Incorporated by reference to Exhibit 10.5 of the Registrant’s Form 10-Q for the period ending March 31, 2023, filed with the Securities and Exchange Commission on April 27, 2023.
10.13*	-	Form of Global 2024 Director Stock Unit Award Agreement to grant director stock units, pursuant to Registrant's 2020 Stock Incentive Plan. Incorporated by reference to Exhibit 10.2 to Registrant's Form 10-Q filed with the Securities and Exchange Commission on April 29, 2024.
10.14*	-	2022 Form of Award Agreement used for Executive Officers to grant performance stock units, pursuant to Registrant's 2020 Stock Incentive Plan. Incorporated by reference to Exhibit 10.1 to the Registrant’s Form 10-Q for the period ending March 31, 2022, filed with the Securities and Exchange Commission on April 22, 2022.
10.15*	-	2023 Form of Award Agreement used for Executive Officers to grant performance stock units, pursuant to Registrant's 2020 Stock Incentive Plan. Incorporated by reference to Exhibit 10.3 to the Registrant’s Form 10-Q for the period ending March 31, 2023,filed with the Securities and Exchange Commission on April 27, 2023.

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10.16*	-	2024 Form of Award Agreement used for Executive Officers to grant performance stock units, pursuant to Registrant's 2020 Stock Incentive Plan. Incorporated by reference to Exhibit 10.59 to Registrant’s Form 10-K filed with the Securities and Exchange Commission on February 29, 2024.
10.17*	-	2025 Form of Award Agreement used for Executive Officers to grant performance stock units, pursuant to Registrant's 2020 Stock Incentive Plan, filed herewith.
10.18*	-	2022 Form of Award Agreement used globally to grant restricted stock units, pursuant to Registrant's 2020 Stock Incentive Plan. Incorporated by reference to Exhibit 10.2 to the Registrant’s Form 10-Q for the period ending March 31, 2022, filed with the Securities and Exchange Commission on April 22, 2022.
10.19*	-	2023 Form of Award Agreement used globally to grant restricted stock units, pursuant to Registrant's 2020 Stock Incentive Plan. Incorporated by reference to Exhibit 10.4 to the Registrant’s Form 10-Q for the period ending March 31,2023,filed with the Securities and Exchange Commission on April 27, 2023.
10.20*	-	2024 Form of Award Agreement used globally to grant restricted stock units, pursuant to Registrant's 2020 Stock Incentive Plan. Incorporated by reference to Exhibit 10.57 to Registrant’s Form 10-K filed with the Securities and Exchange Commission on February 29, 2024.
10.21*	-	2024 Form of Award Agreement used globally to grant off cycle restricted stock units, pursuant to Registrant's 2020 Stock Incentive Plan. Incorporated by reference to Exhibit 10.58 to Registrant’s Form 10-K filed with the Securities and Exchange Commission on February 29, 2024.
10.22*	-	2025 Form of Award Agreement used globally to grant restricted stock units, pursuant to Registrant's 2020 Stock Incentive Plan, filed herewith.
10.23*	-	Senior Executive Compensation Program of Registrant, effective January 1, 2022. Incorporated by reference to Exhibit 10.1 to the Registrant’s Form 10-Q for the period ending June 30, 2022, filed with the Securities and Exchange Commission on July 25, 2022.
10.24*	-	Senior Executive Compensation Program of Registrant, effective January 1, 2023. Incorporated by reference to Exhibit 10.1 to the Registrant’s Form 10-Q for the period ending March 31, 2023, filed with the Securities and Exchange Commission on April 27, 2023.
10.25*	-	Section 16 Officer and Senior Executive Short-Term Incentive Program, effective January 1, 2024, filed herewith.
10.26*	-	Equity Bonus Program for Grades E-5 to E-6, effective January 1, 2022, filed herewith. Incorporated by reference to Exhibit 10.3 to the Registrant’s Form 10-Q for the period ending June 30, 2022, filed with the Securities and Exchange Commission on July 25, 2022.
10.27*	-	Newmont Equity Bonus Program for Grades E-5 to E-6, effective January 1, 2023. Incorporated by reference to Exhibit 10.2 to the Registrant’s Form 10-Q for the period ending March 31, 2023, filed with the Securities and Exchange Commission on April 27, 2023.
10.28*	-	Executive Change of Control Plan, amended and restated effective December 31, 2008, of Newmont USA Limited, a wholly owned subsidiary of Registrant. Incorporated by reference to Exhibit 10.20 to the Registrant’s Form 10-K for the year ended December 31, 2008, filed with the Securities and Exchange Commission on February 19, 2009.
10.29*	-	Amendment One to the December 31, 2008 Executive Change of Control Plan of Newmont, amended and restated by Newmont USA Limited, a wholly owned subsidiary of Registrant, effective January 1, 2012, and Amendment Two to the December 31, 2008 Executive Change of Control Plan of Newmont, amended and restated by Newmont USA Limited, a wholly owned subsidiary of Registrant, effective January 1, 2012. Incorporated by reference to Exhibit 10.58 to the Registrant’s Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission on February 24, 2012.
10.30*	-	Amendment Three to the December 31, 2008 Executive Change of Control Plan of Newmont, amended and restated by Newmont USA Limited, a wholly owned subsidiary of Registrant, effective January 1, 2012. Incorporated by reference to Exhibit 10.35 to the Registrant’s Form 10-K for the year ended December 31, 2017, filed with the Securities and Exchange Commission on February 22, 2018.
10.31*	-	Amendment Four to the December 31, 2008 Executive Change of Control Plan of Newmont, amended and restated by Newmont USA Limited, a wholly owned subsidiary of Registrant, effective January 1, 2020. Incorporated by reference to Exhibit 10.1 to the Registrant's Form 10-Q for the period ended September 30, 2020, filed with the Securities and Exchange Commission on October 29, 2020.
10.32*	-	2012 Executive Change of Control Plan, effective January 1, 2012, of Newmont USA Limited, a wholly owned subsidiary of Registrant. Incorporated by reference to Exhibit 10.57 to the Registrant’s Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission on February 24, 2012.

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10.33*	-	Amendment One to the 2012 Executive Change of Control Plan of Newmont, amended and restated by Newmont USA Limited, a wholly owned subsidiary of Registrant, effective January 1, 2020. Incorporated by reference to Exhibit 10.2 to Registrant's Form 10-Q for the period ended September 30, 2020, filed with the Securities and Exchange Commission on October 29, 2020.
10.34*	-	Severance Plan for Section 16 Officers of Newmont, effective J anuary 1, 2025 , filed herewith.
10.35*	-	Mineral Agreement dated and effective as of November 22, 2013, between the Republic of Suriname and Suriname Gold Company, LLC., a wholly owned subsidiary of the Registrant, as clarified by bulletin and letters dated September 10, 2013 and November 21, 2013, respectively. Incorporated by reference to Exhibit 10.2 to Registrant’s Form 10-Q for the period ended June 30, 2014 filed with the Securities and Exchange Commission on July 30, 2014.
10.36	-	2015 Investment Agreement between the Republic of Ghana and Newmont Ghana Gold Limited. Incorporated by reference to Exhibit 10.1 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on December 22, 2015.
10.37	-	2015 Investment Agreement between the Republic of Ghana and Newmont Golden Ridge Limited. Incorporated by reference to Exhibit 10.2 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on December 22, 2015.
10.38	-	Credit Agreement, dated as of April 4, 2019, among Registrant, the lenders party thereto, and Citibank, N.A., as administrative agent, Bank of Montreal, Chicago Branch, and JPMorgan Chase Bank, N.A. as co-syndication agents, and The Bank of Nova Scotia, BNP Paribas Securities Corp. and TD Securities (USA) LLC, as co-documentation agents. Incorporated by reference to Exhibit 10.1 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on April 10, 2019.
10.39	-	First Amendment Agreement, dated as of March 30, 2021, to the Credit Agreement, dated as of April 4, 2019, among the Registrant as borrower, and the lenders party thereto, and Citibank N.A., as administrative agent. Incorporated by reference to Exhibit 10.1 to Registrant's Form 8-K filed with the Securities and Exchange Commission on March 31, 2021.
10.40	-	Second Amendment Agreement, dated as of April 14, 2023, to the Credit Agreement, dated as of April 4, 2019, among the Registrant as borrower, and the lenders party thereto, and Citibank N.A., as administrative agent. Incorporated by reference to Exhibit 10.6 to Registrant's Form 10-Q for the period ended March 31, 2023 filed with the Securities and Exchange Commission on April 27, 2023.
10.41	-	Amended and Restated Credit Agreement, dated as of February 15, 2024, to the Credit Agreement, dated as of April 4, 2019, among the Registrant as borrower, the lenders issuing banks party thereto, and Citibank N.A., as administrative agent. Incorporated by reference to Exhibit 10.1 to Registrant's Form 8-K filed with the Securities and Exchange Commission on February 22, 2024.
10.42	-	Amended and Restated Limited Liability Company Agreement of Nevada Gold Mines LLC, dated July 1, 2019, among Barrick Gold Corporation, Barrick Nevada Holding LLC, Registrant, Newmont USA Limited and Nevada Gold Mines LLC. Incorporated by reference to Exhibit 10.1 to Registrant’s Form 8-K filed with the Securities and Exchange Commission on July 5, 2019.
19	-	Stock Trading Standard of Newmont Corporation. Incorporated by reference to Exhibit 19 to Registrant’s Form 10-K filed with the Securities and Exchange Commission on February 29, 2024.
21	-	Subsidiaries of Newmont Corporation. Incorporated by reference to Exhibit 21 to Registrant’s Form 10-K , filed herewith .
22	-	Subsidiary Co-Issuer and Subsidiary Guarantor, filed herewith .
23.1	-	Consent of Ernst & Young LLP, filed herewith.
23.2	-	Consent of PricewaterhouseCoopers LLP, filed herewith.
23.3	-	Consent of Qualified Person, filed herewith.
24	-	Power of Attorney, filed herewith.
31.1	-	Certification Pursuant to Rule 13A-14 or 15-D-14 of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 signed by the Principal Executive Officer, filed herewith.
31.2	-	Certification Pursuant to Rule 13A-14 or 15-D-14 of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 signed by the Principal Financial Officer, filed herewith.
32.1	-	Statement Required by 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 signed by the Principal Executive Officer, furnished herewith.
32.2	-	Statement Required by 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 signed by the Principal Financial Officer, furnished herewith.

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95	-	Information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, filed herewith.
96.1	-	Peñasquito Operations, Mexico, Technical Report Summary, effective as of December 31, 2023. Incorporated by reference to Exhibit 96.1 to Registrant’s Form 10-K filed with the Securities and Exchange Commission on February 29, 2024.
96.2	-	Boddington Operations, Western Australia, Technical Report Summary, effective as of December 31, 2021. Incorporated by reference to Exhibit 96.2 to Registrant’s Form 10-K filed with the Securities and Exchange Commission on February 24, 2022.
96.3	-	Nevada Gold Mines, Nevada USA, Technical Report Summary, effective as of December 31, 2024, filed herewith.
96.4	-	Cadia Operations, Australia, Technical Report Summary, effective as of December 31, 2023. Incorporated by reference to Exhibit 96.6 to Registrant’s Form 10-K filed with the Securities and Exchange Commission on February 29, 2024.
96.5	-	Lihir Operations, Papua New Guinea, Technical Report Summary, effective as of December 31, 2023. Incorporated by reference to Exhibit 96.7 to Registrant’s Form 10-K filed with the Securities and Exchange Commission on February 29, 2024.
97.1	-	Newmont Corporation Clawback Policy (or the Recovery of Erroneously Awarded Compensation), filed herewith.
101	-	101.INS	XBRL Instance - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
		101.SCH	XBRL Taxonomy Extension Schema
		101.CAL	XBRL Taxonomy Extension Calculation
		101.DEF	XBRL Taxonomy Extension Definition
		101.LAB	XBRL Taxonomy Extension Labels
		101.PRE	XBRL Taxonomy Extension Presentation
104	-	Cover Page Interactive Data File (embedded within the XBRL document)

____________________________

*These exhibits relate to executive compensation plans and arrangements.

ITEM 16. FORM 10-K SUMMARY

None.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Annual Report on Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized.

NEWMONT CORPORATION
By:	/s/ PETER I. WEXLER
	Peter I. Wexler<br><br>Chief Legal Officer
	February 20, 2025

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated on February 20, 2025.

Signature	Title
*	President, Chief Executive Officer and Director
Thomas R. Palmer	(Principal Executive Officer)
*	Executive Vice President and Chief Financial Officer
Karyn F. Ovelmen	(Principal Financial Officer)
*	Senior Vice President, Global Finance and Chief Accounting Officer
Brian C. Tabolt	(Principal Accounting Officer)
Philip Aiken, AM*	Director
Gregory H. Boyce*	Non-Executive Chair
Bruce R. Brook*	Director
Maura J. Clark*	Director
Harry M. Conger, IV*	Director
Emma FitzGerald*	Director
Sally-Anne Layman*	Director
José Manuel Madero Garza*	Director
René Médori*	Director
Jane Nelson*	Director
Julio M. Quintana*	Director
Susan N. Story*	Director
*By:	/s/ PETER I. WEXLER
---	---
	Peter I. Wexler<br><br>Attorney-in-Fact

SCH- 1

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SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

	Year Ended December 31,
	2024		2023		2022
	(in millions)
Deferred Income Tax Valuation Allowance
Balance at beginning of year	$	4,652	$	3,994	$	3,791
Additions due to acquisition of Newcrest	168		300		—
Additions to deferred income tax expense	80		565		370
Reduction of deferred income tax expense	(382)		(207)		(109)
Additions and reductions reflected in other components of the financial statements	(155)		—		(58)
Balance at end of year	$	4,363	$	4,652	$	3,994

Refer to Note 10 to the Consolidated Financial Statements for additional information.

SCH- 2

q42024exhibit32

EXHIBIT 3.2 NEWMONT CORPORATION BY-LAWS Amended and Restated effective February 19, 2025

-2- NEWMONT CORPORATION BY-LAWS ARTICLE I STOCKHOLDERS Section 1. Annual Meeting. An annual meeting of the stockholders of the Corporation shall be held in each year at such place, and on such date and at such time, as the Board of Directors of the Corporation shall designate in a resolution duly adopted by it, for the purpose of electing Directors and transacting such other business as may properly be brought before the meeting. Section 2. Special Meetings. Special Meetings of the stockholders for any lawful purposes may be called by the Board of Directors or by the Chair of the Board or by the Chief Executive Officer, and shall be called by the Chair of the Board or by the Chief Executive Officer or the Secretary upon a written request stating the purposes thereof and signed by (i) a majority of the Board of Directors or (ii) stockholders owning 25% of the stock of the Corporation entitled to vote at such meeting. Each such meeting shall be held at such place, and on such date and at such time, as the Board of Directors of the Corporation shall designate in a resolution duly adopted by it, for the purposes stated in the notices thereof. Business transacted at any special meeting shall be limited to the purposes stated in the notices of the meeting. Section 3. Notices and Waivers. Written notices of every meeting of the stockholders, stating the time, place and purposes thereof, shall be given personally, by mail or other means of electronic transmission not less than ten days nor more than sixty days before the date on which the meeting is to be held, to each stockholder of record entitled to vote at such meeting. In the event of a special meeting called upon the written request of stockholders pursuant to Section 2 hereof, such notice shall describe any business set forth in the statement of purpose in such written request as well as any additional business proposed to be conducted at such meeting by the Board of Directors. If mailed, the notice shall be sent to the stockholders at the respective addresses appearing on the stock records of the Corporation or to such other addresses as the stockholder may have respectively designated in writing, and shall be deemed given when mailed. Without limiting the manner by which notice otherwise may be given effectively to stockholders, any notice to stockholders may be given by electronic transmission in accordance with applicable law. A waiver of any notice in writing by a stockholder or by

-3- electronic transmission given by the person or persons entitled to such notice before or after the time for the meeting, shall be deemed equivalent to such notice. Section 4. Notice of Stockholder Business and Nominations. (i) Nominations of persons for election to the Board of Directors of the Corporation and the proposal of business to be considered by the stockholders may be made at an annual meeting of stockholders (a) pursuant to the Corporation’s notice of meeting, (b) by or at the direction of the Board of Directors, (c) by any stockholder of the Corporation who was a stockholder of record at the time of giving of notice provided for in this By-Law, who is entitled to vote at the meeting and who complies with the notice procedures set forth in this By-Law and with the requirements of Rule 14a-19 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the rules and regulations promulgated thereunder or (d) with respect to qualifying nominations pursuant to a Proxy Access Notice at annual meetings following the 2016 Annual Meeting of Stockholders, by Eligible Stockholders pursuant to, and subject to, Section 4A of these By-Laws. For nominations or other business to be properly brought before an annual meeting by a stockholder pursuant to clause (c) of the preceding paragraph, the stockholder must have given timely notice thereof in writing to the Secretary of the Corporation and such other business must otherwise be a proper matter for stockholder action. To be timely, a stockholder’s notice shall be delivered to the Secretary at the principal executive offices of the Corporation not later than the close of business on the ninetieth day nor earlier than the close of business on the one hundred twentieth day prior to the first anniversary of the preceding year’s annual meeting; provided, however, that in the event that the date of the annual meeting is more than thirty days before or more than sixty days after such anniversary date, notice by the stockholder to be timely must be so delivered not earlier than the close of business on the one hundred twentieth day prior to such annual meeting and not later than the close of business on the later of the ninetieth day prior to such annual meeting or the tenth day following the day on which public announcement of the date of such meeting is first made by the Corporation. In no event shall any adjournment or postponement of an annual meeting or the public announcement thereof commence a new time period (or extend any time period) for the giving of notice by a stockholder as described above. A stockholder shall not be entitled to make additional or substitute nominations following the expiration of the time periods set forth in this By-Law. The number of nominees a stockholder may nominate for election at the annual meeting (or in the case of a stockholder giving the notice on behalf of a beneficial owner, the number of nominees a stockholder may nominate for election at the annual meeting on behalf of the beneficial owner) shall include nominees that were submitted for inclusion in the Corporation’s proxy materials pursuant to these By-Laws but either are subsequently withdrawn or that the Board of Directors decides to nominate as Board of Directors’ nominees and shall not exceed the number of directors to be elected at such annual meeting. To be in proper form, such stockholder’s notice shall set forth: (a) as to each person whom the stockholder proposes to nominate for election or reelection as a director: (1) such individual’s name; (2) all information relating to such person that is required to be disclosed in solicitations of proxies for election of directors in

-4- an election contest, or is otherwise required, in each case pursuant to Regulation 14A under the Exchange Act (including such person’s written consent to being named as a nominee in any proxy statement and form of proxy relating to the meeting at which directors are to be elected and to serving as a director if elected), with a representation of an intent to serve as a director the full term for which such person is standing for election if so elected; (3) the number of shares of the Corporation directly or indirectly owned by such individual, any Derivative Instruments directly or indirectly owned by such individual and any Short Interests involving such individual, directly or directly; (4) a description of all direct and indirect compensation and other material monetary agreements, arrangements and understandings during the past three years, and any other material relationships, between or among such stockholder and any Stockholder Associated Persons, on the one hand, and each proposed nominee, and his, her or their respective affiliates and associates, or others acting in concert therewith, on the other hand, including, without limitation, all information that would be required to be disclosed pursuant to Rule 404 promulgated under Regulation S-K if the stockholder making the nomination and any of the Stockholder Associated Persons on whose behalf the nomination is made, if any, or any affiliate or associate thereof or person acting in concert therewith, were the “registrant” for purposes of such rule and the nominee were a director or executive officer of such registrant; (5) a completed and signed nominee questionnaire, representation and agreement, as required by Section 4B of this Article I; and (6) an acknowledgement that if such person does not appear at such meeting to present a nomination or other business, such proposal shall be disregarded, notwithstanding that proxies in respect of such vote may have been received by the Corporation. (b) as to any other business that the stockholder proposes to bring before the meeting, in addition to matters set forth below, a brief description of the business desired to be brought before the meeting, the reasons for conducting such business at the meeting, the text of the proposal or business (including the text of any resolutions proposed for consideration), any material interest in such business of such stockholder and any Stockholder Associated Persons, the beneficial owner, if any, on whose behalf the proposal is made, and a description of all agreements, arrangements and understandings between such stockholder and any Stockholder Associated Persons and any other persons (including their name(s)) in connection with the proposal of such business; and (c) as to the stockholder giving the notice, the beneficial owner, if any, on whose behalf the nomination or proposal is made and any other Stockholder Associated Persons: (1) the name and address of such stockholder, as they appear on the Corporation’s books, and of such beneficial owner and such other persons; and (2) (i) the class or series and number of shares of the Corporation which are, directly or indirectly, owned beneficially and of record by such stockholder, such beneficial owner and such other persons; (ii) any Derivative Instruments directly or indirectly owned beneficially by such stockholder or any Stockholder Associated Persons; (iii) any proxy, contract, arrangement, understanding, or relationship pursuant to which such stockholder or any Stockholder Associated Person has a right to vote any shares; (iv) any Short Interests involving such stockholder or any Stockholder Associated Persons, directly or indirectly; (v) any rights to dividends on the shares owned beneficially by such stockholder that are separated or separable from the underlying shares; (vi) any proportionate interest in shares or Derivative Instruments held, directly or indirectly, by a general or limited partnership in which such stockholder is a general partner or, directly or indirectly, beneficially owns an interest in a general partner of such general or limited partnership; (vii) any

-5- performance-related fees (other than an asset-based fee) that such stockholder is entitled to based on any increase or decrease in the value of shares or Derivative Instruments, if any, as of the date of such notice, including without limitation any such interests held by members of such stockholder’s immediate family sharing the same household; (viii) any equity interests or any Derivative Instruments or Short Interests in any competitor of the Corporation held by such stockholder or any Stockholder Associated Persons; and (ix) any direct or indirect interest of such stockholder or any Stockholder Associated Persons in any contract with the Corporation, any affiliate of the Corporation or any principal competitor of the Corporation (including, in any such case, any employment agreement, commercial agreement, collective bargaining agreement or consulting agreement). “Principal competitor” shall mean an entity that is a competitor of the Corporation for whom interlocking directorships would not be permitted under Section 8 of the Clayton Antitrust Act of 1914; (d) whether the stockholder or any Stockholder Associated Person intends, or is part of a group which intends, to engage in a solicitation (within the meaning of Rule 14a-1(1) under the Exchange Act) with respect to such nomination (and if so, the name of each participant (as defined in Item 4 of Schedule 14A under the Exchange Act) in such solicitation) and to deliver a proxy statement and form of proxy to holders of at least sixty-seven percent (67%) of the Corporation’s outstanding shares required to elect the nominee; and (e) whether the stockholder or any Stockholder Associated Person intends, or is part of a group which intends, to deliver a proxy statement and/or form of proxy to holders of at least the percentage of the Corporation’s outstanding shares required to approve or adopt a proposal other than a nomination and/or otherwise to solicit proxies or votes from other stockholders in support of such other business. The Corporation may require any proposed nominee to furnish such information as may reasonably be required by the Corporation to determine the eligibility of such proposed nominee to serve as an independent director of the Corporation or that could be material to a reasonable stockholder’s understanding of the independence, or lack thereof, of such nominee. Notwithstanding anything in the second sentence of the second paragraph of this Section 4(i) to the contrary, in the event that the number of directors to be elected to the Board of Directors of the Corporation is increased and there is no public announcement by the Corporation naming all of the nominees for director or specifying the size of the increased Board of Directors at least seventy days prior to the first anniversary of the preceding year’s annual meeting, a stockholder’s notice required by this By-Law shall also be considered timely, but only with respect to nominees for any new positions created by such increase, if it shall be delivered to the Secretary at the principal executive offices of the Corporation not later than the close of business on the tenth day following the day on which such public announcement is first made by the Corporation. In addition, to be considered timely, a stockholder’s notice shall further be updated and supplemented, if necessary, so that the information provided or required to be provided in such notice shall be true and correct as of the record date for the meeting and as of the date that is ten (10) business days prior to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to the Secretary at the principal

-6- executive offices of the Corporation not later than five (5) business days after the record date for the meeting in the case of the update and supplement required to be made as of the record date, and not later than eight (8) business days prior to the date for the meeting or any adjournment or postponement thereof in the case of the update and supplement required to be made as of ten (10) business days prior to the meeting or any adjournment or postponement thereof. For the avoidance of doubt, the obligation to update and supplement as set forth in this paragraph or any other Section of these By-Laws shall not limit the Corporation’s rights with respect to any deficiencies in any notice provided by a stockholder, extend any applicable deadlines hereunder or under any other provision of the By-Laws or enable or be deemed to permit a stockholder who has previously submitted notice hereunder or under any other provision of the By-Laws to amend or update any proposal or to submit any new proposal, including by changing or adding nominees, matters, business and or resolutions proposed to be brought before a meeting of the stockholders. In addition, if the stockholder giving the notice has delivered to the Corporation a notice relating to the nomination of directors, the stockholder giving the notice shall deliver to the Corporation no later than five (5) business days prior to the date of the meeting or, if practicable, any adjournment or postponement thereof (or, if not practicable, on the first practicable date prior to the date to which the meeting has been adjourned or postponed) reasonable evidence that it has complied with the requirements of Rule 14a-19 of the Exchange Act. (ii) Nominations of persons for election to the Board of Directors may be made at a special meeting of stockholders at which directors are to be elected pursuant to the Corporation’s notice of meeting (a) by or at the direction of the Board of Directors or (b) provided that the Board of Directors has determined that directors shall be elected at such meeting, by any stockholder of the Corporation who is a stockholder of record at the time of giving of notice provided for in this By-Law, who shall be entitled to vote at the meeting and who complies with the notice procedures set forth in this By-Law and with the requirements of Rule 14a-19 under the Exchange Act. In the event the Corporation calls a special meeting of stockholders for the purpose of electing one or more directors to the Board of Directors, any such stockholder may nominate a person or persons (as the case may be), for election to such position(s) as specified in the Corporation’s notice of meeting, if the stockholder’s notice required by clause (i) of this By-Law shall be delivered to the Secretary at the principal executive offices of the Corporation not earlier than the close of business on the one hundred twentieth day prior to such special meeting and not later than the close of business on the later of the ninetieth day prior to such special meeting or the tenth day following the day on which public announcement is first made of the date of the special meeting and of the nominees proposed by the Board of Directors to be elected at such meeting. In no event shall any adjournment or postponement of a special meeting or the public announcement thereof commence a new time period (or extend any time period) for the giving of notice by a stockholder as described above. A stockholder shall not be entitled to make additional or substitute nominations following the expiration of the time periods set forth in this By-Law. The number of nominees a stockholder may nominate for election at the special meeting (or in the case of a stockholder giving the notice on behalf of a beneficial owner, the number of nominees a stockholder may nominate for election at the special meeting on behalf of the beneficial owner) shall not exceed the number of directors to be elected at such special meeting.

-7- (iii) Only such persons who are nominated by stockholders in accordance with the procedures set forth in these By-Laws shall be eligible to serve as directors and only such business shall be conducted at a meeting of stockholders as shall have been brought before the meeting in accordance with the procedures set forth in these By-Laws. Except as otherwise provided by law, the Chair of the meeting shall have the power and duty to determine whether a nomination or any business proposed to be brought before the meeting was made or proposed, as the case may be, in accordance with the procedures set forth in these By-Laws and the requirements of Rule 14a-19 under the Exchange Act and, if any proposed nomination or business is not in compliance with these By-Laws or Rule 14a-19 under the Exchange Act, to declare that such defective proposal or nomination shall be disregarded, notwithstanding that proxies in respect of such vote may have been delivered to the Corporation. (iv) Notwithstanding the foregoing provisions of these By-Laws, a stockholder shall also comply with all applicable requirements of the Exchange Act and the rules and regulations thereunder with respect to the matters set forth in these By-Laws, and, unless otherwise required by law, (a) no stockholder providing notice of a nomination shall solicit proxies in support of director nominees other than the Corporation’s nominees unless such stockholder has complied with Rule 14a-19 under the Exchange Act in connection with the solicitation of such proxies, including the provision to the Corporation of notices required thereunder in a timely manner, and (b) if any such stockholder (i) provides notice pursuant to Rule 14a-19(a)(2) under the Exchange Act and (ii) subsequently fails to comply with the requirements of Rule 14a-19(a)(2) or Rule 14a-19(a)(3) under the Exchange Act, including the provision to the Corporation of notices required thereunder in a timely manner, or fails to timely provide reasonable evidence sufficient to satisfy the Corporation that such stockholder has met the requirements of Rule 14a-19(a)(3) under the Exchange Act in accordance with the following sentence, then the Corporation shall disregard any proxies or votes for the stockholder’s candidates and the nomination of each such proposed nominee shall be disregarded. If any stockholder provides notice pursuant to Rule 14a- 19(b) under the Exchange Act, such stockholder shall deliver to the Corporation, no later than five (5) business days prior to the applicable meeting, reasonable evidence that it has met the requirements of Rule 14a-19(a)(3) promulgated under the Exchange Act. (v) Any stockholder directly or indirectly soliciting proxies from other stockholders must use a proxy card color other than white, which shall be reserved for the exclusive use for solicitation by the Board of Directors. (vi) Nothing in these By-Laws shall be deemed to affect any rights (i) of stockholders to request inclusion of proposals in the Corporation’s proxy statement pursuant to Rule 14a-8 under the Exchange Act or (ii) of the holders of any series of Preferred Stock to elect directors to the extent provided for under law, the Certificate of Incorporation or these By-Laws. Subject to Rule 14a-8 under the Exchange Act and Section 4A of these By-laws, nothing in these By-laws shall be construed to permit any stockholder, or give any stockholder the right, to include or have disseminated or described in the Corporation’s proxy statement any nomination of director or directors or any other business proposal. (vii) For purposes of these By-Laws:

-8- (A) “affiliate” and “associate” shall have the meanings ascribed thereto in Rule 405 under the Securities Act of 1933, as amended; provided, however, that the term “partner” as used in the definition of “associate” shall not include any limited partner that is not involved in the management of the relevant partnership. (B) “Derivative Instrument” means any option, warrant, convertible security, stock appreciation right, or similar right with an exercise or conversion privilege or a settlement payment or mechanism at a price related to any class or series of shares of the Corporation or with a value derived in whole or in part from the value of any class or series of shares or any derivative or synthetic arrangement having the characteristics of a long position in any class or series of shares, or any contract, derivative, swap or other transaction or series of transactions designed to produce economic benefits and risks that correspond substantially to the ownership of any class or series of shares, including due to the fact that the value of such contract, derivative, swap or other transaction or series of transactions is determined by reference to the price, value or volatility of any class or series of shares, whether or not such instrument, contract or right shall be subject to settlement in the underlying class or series of shares, through the delivery of cash or other property, or otherwise, and without regard to whether any transactions may have been entered into that hedge or mitigate the economic effect of such instrument, contract or right, or any other direct or indirect opportunity to profit or share in any profit derived from any increase or decrease in the value of shares. (C) “public announcement” shall mean any method (or combination of methods) of disclosure that is reasonably designed to provide broad, non-exclusionary distribution of the information to the public or the furnishing or in a document publicly filed by the Corporation with the Securities and Exchange Commission pursuant to Section 13, 14 or 15(d) of the Exchange Act and the rules and regulations promulgated thereunder. (D) “Short Interest” means any agreement, arrangement, understanding, relationship or otherwise, including any repurchase or similar so-called “stock borrowing” agreement or arrangement, involving a stockholder or any Stockholder Associated Persons, directly or indirectly, the intent, purpose or effect of which may be to mitigate loss to, transfer to or from any such person, in whole or in part, any of the economic consequences of ownership, or reduce the economic risk (of ownership or otherwise) of any class or series of shares of the Corporation by, manage the risk of share price changes for, or increase or decrease the voting power of, such stockholder or any Stockholder Associated Persons with respect to any class or series of the shares, or which provides, directly or indirectly, the opportunity to profit or share in any profit derived from any decrease in the price or value of any class or series of the shares; (E) “Stockholder Associated Persons” means the beneficial owner, if any, on whose behalf a director nomination or proposal of business is made and their respective affiliates or associates or, to the extent known after reasonable inquiry, others acting in concert therewith. Section 4A. Inclusion of Stockholder Director Nominations in the Corporation’s Proxy Materials.

-9- (1) Subject to the terms and conditions set forth in these By-Laws, the Corporation shall include in its proxy materials for an annual meeting of stockholders held after the 2016 annual meeting the name, together with the Required Information (as defined below), of any person nominated for election (a “Stockholder Nominee”) to the Board of Directors by one or more Eligible Stockholders (as defined below) that satisfies the requirements of this Section 4A, and expressly elects at the time of providing the written notice required by this Section 4A (a “Proxy Access Notice”) to have its nominee included in the Corporation’s proxy materials pursuant to this Section 4A. (2) For the purposes of this Section 4A: (A) “Voting Stock” shall mean outstanding shares of capital stock of the Corporation entitled to vote generally for the election of directors; (B) “Constituent Holder” shall mean any stockholder, collective investment fund included within a Qualifying Fund (as defined below) or beneficial holder whose stock ownership is counted for the purposes of qualifying as holding the Proxy Access Request Required Shares (as defined below) or qualifying as an Eligible Stockholder; and (C) a stockholder (including any Constituent Holder) shall be deemed to “own” only those outstanding shares of Voting Stock as to which the stockholder itself (or such Constituent Holder itself) possesses (a) the full voting and investment rights pertaining to the shares and (b) the full economic interest in (including the opportunity for profit and risk of loss on) such shares; and (c) the full power to dispose of or direct the disposition of such shares. The number of shares calculated in accordance with the foregoing clauses (a), (b) and (c) shall be deemed not to include (and to the extent any of the following arrangements have been entered into by affiliates of the stockholder (or of any Constituent Holder), shall be reduced by) any shares (x) sold by such stockholder or Constituent Holder (or any of either’s affiliates) in any transaction that has not been settled or closed, including any short sale, (y) borrowed by such stockholder or Constituent Holder (or any of either’s affiliates) for any purposes or purchased by such stockholder or Constituent Holder (or any of either’s affiliates) pursuant to an agreement to resell, or (z) subject to any option, warrant, forward contract, swap, contract of sale, other derivative or similar agreement entered into by such stockholder or Constituent Holder (or any of either’s affiliates), whether any such instrument or agreement is to be settled with shares or with cash based on the notional amount or value of Voting Stock, in any such case which instrument or agreement has, or is intended to have, or if exercised by either party thereto would have, the purpose or effect of (i) reducing in any manner, to any extent or at any time in the future, such stockholder’s or Constituent Holder’s (or either’s affiliate’s) full right to vote or direct the voting of any such shares, and/or (ii) hedging, offsetting or altering to any degree gain or loss arising from the full economic ownership of such shares by such stockholder or Constituent Holder (or either’s affiliate), other than any such arrangements solely involving an exchange listed multi-industry market index fund in which Voting Stock represents at the

-10- time of entry into such arrangement less than 10% of the proportionate value of such index. A stockholder (including any Constituent Holder) shall “own” shares held in the name of a nominee or other intermediary so long as the stockholder itself (or such Constituent Holder itself) retains the right to instruct how the shares are voted with respect to the election of directors and the right to direct the disposition thereof and possesses the full economic interest in the shares. A stockholder’s (including any Constituent Holder’s) ownership of shares shall be deemed to continue during any period in which the stockholder has loaned such shares and retained the unrestricted right to recall such shares upon giving no more than five days’ notice or delegated any voting power over such shares by means of a proxy, power of attorney or other instrument or arrangement and such delegation is revocable at any time by the stockholder (and otherwise “owned” as defined herein) through the annual meeting. The terms “owned,” “owning” and other variations of the word “own” shall have correlative meanings. (3) For purposes of this Section 4A, the “Required Information” that the Corporation will include in its proxy statement is (1) the information concerning the Stockholder Nominee and the Eligible Stockholder that the Corporation determines is required to be disclosed in the Corporation’s proxy statement by the regulations promulgated under the Exchange Act; and (2) if the Eligible Stockholder so elects, a Statement (as defined below). The Corporation shall also include the name of the Stockholder Nominee in its proxy card. For the avoidance of doubt, and any other provision of these By-Laws notwithstanding, the Corporation may in its sole discretion solicit against, and include in the proxy statement its own statements or other information relating to, any Eligible Stockholder and/or Stockholder Nominee, including any information provided to the Corporation with respect to the foregoing. (4) To be timely, a stockholder’s Proxy Access Notice must be delivered to the Secretary at the principal executive offices of the Corporation not less than 120 days nor more than 150 days prior to the first anniversary of the date the corporation issued its definitive proxy statement for the preceding year’s annual meeting. In no event shall any adjournment or postponement of an annual meeting or the public announcement thereof commence a new time period (or extend any time period) for the giving of notice by a stockholder as described above. (5) The maximum number of Stockholder Nominees (including Stockholder Nominees that were submitted by an Eligible Stockholder for inclusion in the Corporation’s proxy materials pursuant to this Section 4A but either are subsequently withdrawn or that the Board of Directors decides to nominate as a nominee of the Board of Directors or otherwise appoint to the Board) appearing in the Corporation’s proxy materials with respect to an annual meeting of stockholders shall not exceed the greater of (x) two (2) and (y) the largest whole number that does not exceed 20% of the number of directors in office as of the last day on which a Proxy Access Notice may be delivered in accordance with the methods prescribed for delivery of notice in this Section 4A (such greater number, the “Permitted Number”); provided, however that the Permitted Number shall be reduced by:

-11- (A) the number of nominees for which the Corporation shall have received one or more valid stockholder notices nominating director candidates pursuant to Section 4 of these By-Laws; (B) the number of directors in office or director candidates that in either case will be included in the Corporation’s proxy materials with respect to such annual meeting as an unopposed (by the Corporation) nominee pursuant to an agreement, arrangement or other understanding with a stockholder or group of stockholders (other than any such agreement, arrangement or understanding entered into in connection with an acquisition of Voting Stock, by such stockholder or group of stockholders, from the Corporation), other than any such director referred to in this clause who at the time of such annual meeting will have served as a director continuously, as a nominee of the Board of Directors, for at least two (2) annual terms; and (C) the number of directors in office that will be included in the Corporation’s proxy materials with respect to such annual meeting for whom access to the Corporation’s proxy materials was previously requested or provided pursuant to this Section 4A, other than any such director referred to in this clause who at the time of such annual meeting will have served as a director continuously, as a nominee of the Board of Directors, for at least two (2) annual terms; provided, further, that in the event the Board of Directors resolves to reduce the size of the Board of Directors effective on or prior to the date of the annual meeting, the Permitted Number shall be calculated based on the number of directors in office as so reduced. An Eligible Stockholder submitting more than one Stockholder Nominee for inclusion in the Corporation’s proxy statement pursuant to this Section 4A shall rank such Stockholder Nominees based on the order that the Eligible Stockholder desires such Stockholder Nominees to be selected for inclusion in the Corporation’s proxy statement and include such specified rank in its Proxy Access Notice. If the number of Stockholder Nominees pursuant to this Section 4A for an annual meeting of stockholders exceeds the Permitted Number, then the highest ranking qualifying Stockholder Nominee from each Eligible Stockholder will be selected by the Corporation for inclusion in the proxy statement until the Permitted Number is reached, going in order of the amount (largest to smallest) of the ownership position as disclosed in each Eligible Stockholder’s Proxy Access Notice. If the Permitted Number is not reached after the highest ranking Stockholder Nominee from each Eligible Stockholder has been selected, this selection process will continue as many times as necessary, following the same order each time, until the Permitted Number is reached. (6) An “Eligible Stockholder” is one or more stockholders of record who own and have owned, or are acting on behalf of one or more beneficial owners who own and have owned (in each case as defined above), in each case continuously for at least three (3) years as of both the date that the Proxy Access Notice is delivered to the Corporation pursuant to this Section 4A, and as of the record date for determining stockholders eligible to vote at the annual meeting, at least 3% of the aggregate voting power of the Voting Stock (the “Proxy Access Request Required Shares”), and who

-12- continue to own the Proxy Access Request Required Shares at all times between the date such Proxy Access Notice is delivered to the Corporation and the date of the applicable annual meeting, provided that the aggregate number of stockholders, and, if and to the extent that a stockholder is acting on behalf of one or more beneficial owners, of such beneficial owners, whose stock ownership is counted for the purpose of satisfying the foregoing ownership requirement shall not exceed twenty (20). Two or more collective investment funds that are part of the same family of funds by virtue of being under common management and investment control, under common management and primarily sponsored by the same employer or a “group of investment companies,” as such term is defined in Section 12(d)(1)(G)(ii) of the Investment Company Act of 1940 (collectively, a “Qualifying Fund”) shall be treated as one stockholder for the purpose of determining the aggregate number of stockholders under this Section 4A(6), provided that each fund included within a Qualifying Fund otherwise meets the requirements set forth in this Section 4A. No shares may be attributed to more than one group constituting an Eligible Stockholder under this Section 4A (and, for the avoidance of doubt, no stockholder or affiliate thereof may be a member of more than one group constituting an Eligible Stockholder). A record holder acting on behalf of one or more beneficial owners will not be counted separately as a stockholder with respect to the shares owned by beneficial owners on whose behalf such record holder has been directed in writing to act, but each such beneficial owner will be counted separately, subject to the other provisions of this Section 4A, for purposes of determining the number of stockholders whose holdings may be considered as part of an Eligible Stockholder’s holdings. For the avoidance of doubt, Proxy Access Request Required Shares will qualify as such if and only if the beneficial owner of such shares as of the date of the Proxy Access Notice has itself individually beneficially owned such shares continuously for the 3-year period ending on that date and through the other applicable dates referred to above (in addition to the other applicable requirements being met). (7) No later than the final date when a Proxy Access Notice may be timely delivered to the Corporation pursuant to this Section 4A, an Eligible Stockholder (including each Constituent Holder) must provide, with respect to themselves and its Stockholder Nominee(s), the information required to be disclosed under Section 4 in a stockholder’s notice and must provide the following information in writing to the Secretary of the Corporation: (A) with respect to each Constituent Holder, the name and address of, and number of shares of Voting Stock owned by such person; (B) one or more written statements from the record holder of the shares (and from each intermediary through which the shares are or have been held during the requisite three 3-year holding period) verifying that, as of a date within seven (7) calendar days prior to the date the Proxy Access Notice is delivered to the Corporation, such person owns, and has owned continuously for the preceding three (3) years, the Proxy Access Request Required Shares, and such person’s agreement to provide:

-13- (C) within ten (10) days after the record date for the annual meeting, written statements from the record holder and intermediaries verifying such person’s continuous ownership of the Proxy Access Request Required Shares through the record date, together with any additional information reasonably requested to verify such person’s ownership of the Proxy Access Request Required Shares; and (D) immediate notice if the Eligible Stockholder ceases to own any of the Proxy Access Request Required Shares prior to the date of the applicable annual meeting of stockholders; (E) a representation that such person: (i) acquired the Proxy Access Request Required Shares in the ordinary course of business and neither the Eligible Stockholder nor the Stockholder Nominee nor their respective affiliates and associates acquired or is holding any securities of the Corporation with the intent to change or influence control of the Corporation, and does not presently have such intent; (ii) has not nominated and will not nominate for election to the Board of Directors at the annual meeting any person other than the Stockholder Nominee(s) being nominated pursuant to this Section 4A; (iii) has not engaged and will not engage in, and has not and will not be a “participant” in another person’s, “solicitation” within the meaning of Rule 14a-1(1) under the Exchange Act in support of the election of any individual as a director at the annual meeting other than its Stockholder Nominee(s) or a nominee of the Board of Directors; (iv) will not distribute to any stockholder any form of proxy for the annual meeting other than the form distributed by the Corporation; and (v) will provide facts, statements, and other information in all communications with the Corporation and its stockholders that are and will be true and correct in all material respects and do not and will not omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading, and will otherwise comply with all applicable laws, rules and regulations in connection with any actions taken pursuant to this Section 4A; (F) in the case of a nomination by a group of stockholders that together is such an Eligible Stockholder, the designation by all group members of one group member that is authorized to act on behalf of all members of the

-14- nominating stockholder group with respect to the nomination and matters related thereto, including withdrawal of the nomination; and (G) an undertaking that such person agrees to: (i) assume all liability stemming from, and indemnify and hold harmless the Corporation and its affiliates and each of its and their respective directors, officers, employees, agents and advisors individually against any liability, loss or damages in connection with any threatened or pending action, suit or proceeding, whether legal, administrative or investigative, against the Corporation or any of its directors, officers or employees arising out of any legal or regulatory violation arising out of the Eligible Stockholder’s communications with the stockholders of the Corporation or out of the information that the Eligible Stockholder (including such person) provided to the Corporation; (ii) promptly provide to the Corporation such other information as the Corporation may reasonably request; and (iii) file with the Securities and Exchange Commission all solicitations by the Eligible Stockholder of stockholders of the Corporation relating to the annual meeting at which the Stockholder Nominee will be nominated. In addition, no later than the final date when a Proxy Access Notice pursuant to this Section 4A may be timely delivered to the Corporation, a Qualifying Fund whose stock ownership is counted for purposes of qualifying as an Eligible Stockholder must provide to the Secretary of the Corporation documentation reasonably satisfactory to the Board of Directors that demonstrates that the funds included within the Qualifying Fund satisfy the criteria specified in the definition of Qualifying Fund. In order to be considered timely, any information required by this Section 4A to be provided to the Corporation must be supplemented (by delivery to the Secretary of the Corporation) (1) no later than ten (10) days following the record date for the applicable annual meeting, to disclose the foregoing information as of such record date, and (2) no later than the fifth (5th) day before the annual meeting, to disclose the foregoing information as of the date that is no earlier than ten (10) days prior to such annual meeting. For the avoidance of doubt, the requirement to update and supplement such information shall not permit any Eligible Stockholder or other person to change or add any proposed Stockholder Nominee or be deemed to cure any defects or limit the remedies (including without limitation under these By-Laws) available to the Corporation relating to any defect. (8) The Eligible Stockholder may provide to the Secretary of the Corporation, at the time the information required by this Section 4A is originally provided, a single written statement for inclusion in the Corporation’s proxy statement for the annual meeting, not to exceed 500 words, in support of the candidacy of such

-15- Eligible Stockholder’s Stockholder Nominee(s) (the “Statement”). Notwithstanding anything to the contrary contained in this Section 4A, the Corporation may omit from its proxy materials any information or Statement that it, in good faith, believes is materially false or misleading, omits to state any material fact, directly or indirectly (in each case without factual foundation) impugns the character, integrity or personal reputation of any person or makes charges concerning improper, illegal or immoral conduct or associations with respect to any person or would violate any applicable law or regulation. (9) No later than the final date when a Proxy Access Notice pursuant to this Section 4A may be timely delivered to the Corporation, each Stockholder Nominee must provide a completed and signed nominee questionnaire, representation and agreement, as required by Section 4B of this Article I, and must provide such additional information as necessary to permit the Board of Directors to determine if any of the matters contemplated by Section 4A(10) apply and if such Stockholder Nominee has any direct or indirect relationship with the Corporation other than those relationships that have been deemed categorically immaterial pursuant to the Corporation’s Corporate Governance Guidelines or is or has been subject to any event specified in Item 401(f) of Regulation S-K (or successor rule) of the Securities and Exchange Commission. Each Stockholder Nominee and Eligible Stockholder shall also promptly provide to the Corporation such other information as may be reasonably requested by the Corporation of the Stockholder Nominee or Eligible Stockholder. In the event that any information or communications provided by the Eligible Stockholder (or any Constituent Holder) or the Stockholder Nominee to the Corporation or its stockholders ceases to be true and correct in all material respects or omits a material fact necessary to make the statements made, in light of the circumstances under which they were made, not misleading, each Eligible Stockholder or Stockholder Nominee, as the case may be, shall promptly notify the Secretary of the Corporation of any defect in such previously provided information and of the information that is required to correct any such defect; it being understood for the avoidance of doubt that providing any such notification shall not be deemed to cure any such defect or limit the remedies (including without limitation under these By-Laws) available to the Corporation relating to any such defect. (10) Any Stockholder Nominee who is included in the Corporation’s proxy statement for a particular annual meeting of stockholders, but subsequently is determined not to satisfy the eligibility requirements of this Section 4A or any other provision of these By-Laws, the Certificate of Incorporation or other applicable regulation any time before the annual meeting of stockholders, will not be eligible for election at the relevant annual meeting of stockholders. Without limiting the foregoing or any other provision of these By-Laws, the Corporation shall not be required to include, pursuant to this Section 4A, a Stockholder Nominee in its proxy materials for any annual meeting of stockholders, or, if the proxy statement already has been filed, to allow the nomination of a Stockholder Nominee (and the Corporation may declare any such nomination ineligible), notwithstanding that proxies in respect of such vote may have been delivered to the Corporation:

-16- (A) who is not independent under the listing standards of the principal U.S. exchange upon which the Corporation’s Common Stock is listed, any applicable rules of the Securities and Exchange Commission and any publicly disclosed standards used by the Board of Directors in determining and disclosing independence of the Corporation’s directors, in each case as determined by the Board of Directors; (B) who is a named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses), has been convicted in a criminal proceeding within the past ten (10) years, is subject to any order of the type specified in Rule 506(d) of Regulation D promulgated under the Securities Act of 1933, as amended, or whose service as a member of the Board of Directors would violate or cause the Corporation to be in violation of these By-Laws, the Certificate of Incorporation, the rules and listing standards of the principal U.S. exchange upon which the Corporation’s Common Stock is listed, or any applicable law, rule or regulation; (C) if the Eligible Stockholder (or any Constituent Holder) or applicable Stockholder Nominee otherwise breaches or fails to comply with its obligations pursuant to this Section 4A or any agreement, representation or undertaking required by this Section 4A; or (D) if the Eligible Stockholder ceases to be an Eligible Stockholder for any reason, including but not limited to not owning the Proxy Access Request Required Shares through the date of the applicable annual meeting. Section 4B. Submission of Questionnaire, Representation and Agreement. To be eligible to be a stockholder nominee for election or reelection as a director of the Corporation, a person must deliver (in accordance with the applicable time periods prescribed for delivery of notice under Section 4(i) or Section 4A of this Article I, as applicable) to the Secretary of the Corporation at the principal executive offices of the Corporation (a) a completed written questionnaire with respect to the background and qualification of such person and the background of any other person or entity on whose behalf, directly or indirectly, the nomination is being made (which form of questionnaire shall be provided by the Secretary of the Corporation to the requesting stockholder and the beneficial owner, if any, on whose behalf the nomination is made; provided such written request identifies both the stockholder making such request and the beneficial owner(s), if any, on whose behalf such request is being made following written request) and (b) a written representation and agreement (in the form provided by the Secretary of the Corporation to the requesting stockholder following written request) that such individual: (1) is not and will not become a party to (i) any agreement, arrangement or understanding with, and has not given any commitment or assurance to, any person or entity as to how such person, if elected as a director of the Corporation, will act or vote on any issue or question (a “Voting Commitment”) that has not been

-17- disclosed to the Corporation, and (ii) any Voting Commitment that could limit or interfere with such individual’s ability to comply, if elected as a director of the corporation, with such individual’s fiduciary duties under applicable law; (2) is not and will not become a party to any agreement, arrangement or understanding with any person or entity other than the Corporation with respect to any direct or indirect compensation, reimbursement or indemnification in connection with service or action as a director that has not been disclosed to the Corporation; (3) in such individual’s personal capacity and on behalf of any person or entity on whose behalf, directly or indirectly, the nomination is being made, would be in compliance, if elected as a director of the Corporation, and will comply, with all applicable corporate governance, conflict of interest, confidentiality, stock ownership, trading policies and such other guidelines of the Corporation applicable to directors as publicly disclosed from time to time; (4) has (i) informed any other public company board of directors on which such individual serves of such individual’s intention to serve on the Corporation’s Board of Directors if elected, and (ii) obtained all required third-party consents to serve on the Corporation’s Board of Directors if elected, including from such other public company board of directors; and (5) with respect to nominations made pursuant to Section 4A of this Article I, consents to being named as a nominee in the Corporation’s proxy statement and in any associated proxy card of the Corporation and agrees to serve if elected as a director of the Corporation. In addition, the Corporation may require any proposed nominee to furnish such other information as may reasonably be requested by the Corporation, including, but not limited to an interview with a nominee at the request of the Board of Directors, to determine the eligibility of such proposed nominee to serve as an independent director of the Corporation or that could be material to a reasonable stockholder’s understanding of the independence, or lack thereof, of such nominee. Section 5. Stockholder List. For every meeting of stockholders, a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical order and showing the address of and the number of shares registered in the name of each such stockholder (but not necessarily the electronic mail address or other electronic contact information of each such stockholder), shall be made and be open to the examination of any stockholder during ordinary business hours for at least ten (10) days prior to the meeting (i) on a reasonably accessible electronic network, provided that the information required to gain access to such list is provided with the notice of the meeting, or (ii) during ordinary business hours, at the Corporation’s principal executive offices. In the event that the Corporation determines to make the list available on an electronic network, the Corporation may take reasonable steps to ensure that such information is available only to stockholders of the Corporation. However, if the record date for determining the stockholders entitled to vote is set by the Board of Directors in accordance with Section 4 of Article V hereof at a date that is less than ten (10) days before the meeting date, the

-18- Corporation’s obligation to provide a list of stockholders prior to the meeting is limited to preparing a list of those stockholders as of the tenth day before the meeting date. Section 6. Quorum. Subject to the provisions of any applicable law or of the Corporation’s Certificate of Incorporation in respect of the vote that shall be required for a specified action, the holders of record of a majority of the capital stock of the Corporation issued and outstanding and entitled to vote at any meeting of its stockholders shall be required to be present in person or represented by proxy at such meeting in order to constitute a quorum for a transaction of any business. For purposes of determining the presence of a quorum, “capital stock of the Corporation” shall be deemed to include that number of shares of common stock equal to the number of votes that the Trustee is entitled to vote from time to time under the Special Voting Share of the Corporation created pursuant to the terms of the Voting and Exchange Trust Agreement dated February 16, 2002, between the Corporation, Newmont Mining Corporation of Canada Limited and Computershare Trust Company of Canada. Section 7. Adjournment. If at any meeting of the stockholders there is no quorum, the meeting may be adjourned from time to time by the Chair of the Board or by a majority vote of the stockholders present or represented until a quorum be obtained. Any meeting at which there is a quorum may also be adjourned for such time or upon such call as may be determined by vote. When a meeting is adjourned to another time or place (including an adjournment taken to address a technical failure to convene or continue a meeting using remote communication), notice need not be given of the adjourned meeting if the place, if any, date and time thereof, and the means of remote communications, if any, by which stockholders and proxy holders may be deemed to be present in person and vote at such adjourned meeting are (i) announced at the meeting at which the adjournment is taken, (ii) displayed, during the time scheduled for the meeting, on the same electronic network used to enable stockholders and proxy holders to participate in the meeting by means of remote communication, or (iii) set forth in the notice of meeting given in accordance with these By-Laws. An adjourned meeting at which a quorum is present or represented may transact any business which might have been transacted at the meeting as first convened had there been a quorum. Section 8. Chair and Secretary. At every meeting of the stockholders the presiding officer shall be the Chair of the Board, or in the absence of the Chair then the Vice Chair, the Chief Executive Officer, the President, and/or a Vice President of the Corporation in such order of priority. The Secretary or the absence of the Secretary an Assistant Secretary of the Corporation shall act as secretary of the meeting, or the presiding officer may appoint any officer of the Corporation present to act as secretary of the meeting. Section 9. Voting. Except as otherwise specifically provided herein or in the Certificate of Incorporation of the Corporation with respect to the ability of certain stockholders to cumulate votes in the election of directors, each stockholder present in person or by proxy at a meeting of the stockholder shall be entitled to one vote for each share of the capital stock of the Corporation registered in the name of such stockholder on the books of the Corporation and entitled to vote at such meeting. No proxy shall be voted on after three years from its date unless it provides for a longer period. The vote required for elections of Directors shall be as provided in Section 1 of Article II hereof. All other matters shall be decided by a majority vote viva voce of the stockholders present in person or by proxy except as otherwise specifically provided by

-19- any applicable law, the Corporation’s Certificate of Incorporation or these By-Laws; provided, however, that the presiding officer shall have the right to determine whether a stock vote with respect to any matter shall be taken by ballot. On votes taken by ballot, each ballot shall state the name of the stockholder or proxy voting and the number of shares voted. Section 10. Inspectors of Elections. The Corporation may, and to the extent required by law, shall, in advance of any meeting of stockholders, appoint one or more inspectors to act at the meeting and make a written report thereof. The Corporation may designate one or more alternate inspectors to replace any inspector who fails to act. If no inspector or alternate is able to act at a meeting of stockholders, the person presiding at the meeting may, and to the extent required by law, shall, appoint one or more inspectors to act at the meeting. Each inspector, before entering upon the discharge of duties, shall take and sign an oath faithfully to execute the duties of inspector with strict impartiality and according to the best of his, her or their ability. Every vote taken by ballots shall be counted by a duly appointed inspector or inspectors. Section 11. Inspection of Books and Records. The Board of Directors shall determine whether and to what extent, and at what times and places and under what conditions and regulations, the books, accounts and records of the Corporation (other than the stock ledger), or any of them, shall be open to the inspection of any stockholder. No Stockholder shall have the right to inspect any books, accounts, records or documents of the Corporation unless expressly so authorized by the laws of the State of Delaware or by these By-Laws or by a resolution of the Board of Directors. The stock ledger shall be the only evidence as to the stockholders entitled to examine the stockholder list referred to in Section 5 of Article I hereof, and the original or a duplicate stock ledger containing the names and addresses of the stockholders and the number of shares held by them respectively shall be open at all times during usual business hours at the Corporation’s principal office to the examination of any stockholder. Section 12. Action by Written Consent. Any action which is required to be or may be taken at any annual or special meeting of stockholders of the Corporation may be taken without a meeting, without prior notice to stockholders and without a vote if consents in writing, setting forth the action so taken, shall have been signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or to take such action at a meeting at which all shares entitled to vote thereon were present and voted. ARTICLE II DIRECTORS Section 1. Number, Term, Election and Qualification. The number of Directors which shall constitute the whole Board shall be not less than eight nor more than seventeen. Within these specified limits, the number of Directors shall be determined from time to time by the affirmative vote of a majority of the Directors then in office. Directors elected at any annual meeting of the stockholders or elected at any other time by the stockholders or by the Board of Directors as hereinafter provided, shall hold office until the next annual meeting of the stockholders and until their respective successors are elected and qualified.

-20- Except as set forth in Section 2 of this Article II, and, subject to the rights of the holders of any series of Preferred Stock to elect Directors under specified circumstances, a nominee for Director shall be elected to the Board of Directors by a majority of the votes cast at any meeting for the election of Directors at which a quorum is present. For purposes of this By-Law, a majority of votes cast shall mean that the number of shares voted “for” a Director’s election exceeds 50% of the number of votes cast with respect to that Director’s election. Votes cast shall include direction to withhold authority in each case and exclude abstentions with respect to that Director’s election. Notwithstanding the foregoing, in the event of a “contested election” of Directors, Directors shall be elected by the vote of a plurality of the votes cast at any meeting for the election of Directors at which a quorum is present. For purposes of this By-Law, a “contested election” shall mean any election of Directors in which the number of candidates for election as Directors exceeds the number of Directors to be elected, with the determination thereof being made by the Secretary of the Corporation as of the close of the applicable notice of nomination period set forth in Section 4 of Article I hereof, Section 4A of Article I hereof or under applicable law, based on whether one or more notice(s) of nomination were timely filed in accordance with said Section 4 or Section 4A, as applicable; provided, however, that the determination that an election is a “contested election” shall be determinative only as to the timeliness of a notice of nomination and not otherwise as to its validity. If, prior to the time the Corporation mails its initial proxy statement in connection with such election of Directors, one or more notices of nomination are withdrawn such that the number of candidates for election as Director no longer exceeds the number of Directors to be elected, the election shall not be considered a contested election, but in all other cases, once an election is determined to be a contested election, Directors shall be elected by the vote of a plurality of the votes cast. If a nominee for Director who is an incumbent Director is not elected and no successor has been elected at such meeting, the Director shall promptly tender a resignation to the Board of Directors. The Corporate Governance and Nominating Committee shall make a recommendation to the Board of Directors as to whether to accept or reject the tendered resignation, or whether other action should be taken. The Board of Directors shall act on the tendered resignation, taking into account the Corporate Governance and Nominating Committee’s recommendation, and publicly disclose (by a press release, a filing with the Securities and Exchange Commission or other broadly disseminated means of communication) its decision regarding the tendered resignation and the rationale behind the decision within 90 days from the date of the certification of the election results. The Corporate Governance and Nominating Committee in making its recommendation, and the Board of Directors in making its decision, may each consider any factors or other information that it considers appropriate and relevant. The Director tendering such a resignation shall not participate in the recommendation of the Corporate Governance and Nominating Committee or the decision of the Board of Directors with respect to such resignation. If such incumbent Director’s resignation is not accepted by the Board of Directors, such Director shall continue to serve until the next annual meeting and until a successor is duly elected, or his, her or their earlier resignation or removal. If a Director’s resignation is accepted by the Board of Directors pursuant to this By-Law, or if a nominee for Director is not elected and the nominee is not an incumbent Director, then the Board of Directors, in its sole discretion, may fill any resulting vacancy pursuant to the provisions of Section 2 of this Article II or may decrease the size of the Board of Directors pursuant to the provisions of Section 1 of this Article II.

-21- Section 2. Resignations; Vacancies. Any Director may resign at any time upon written notice to the Corporation. A resignation shall become effective when and as specified in the notice, or, in the absence of such specification, upon its acceptance by the Corporation. Vacancies occurring on the Board of Directors for any reason, and newly created directorships resulting from any increase in the number of Directors, may be filled by the affirmative vote of a majority of the Directors then in office, though less than a quorum. Section 3. Meetings and Notices. Meetings of the Board of Directors of the Corporation, regular or special, may be held either within or without the State of Delaware. Regular meetings of the Board may be held without notice at such time and place as the Board from time to time may by resolution determine. Special meetings of the Board, being all meetings other than its regular meetings, may be called by the Chair or the Chief Executive Officer, and shall be called by the Secretary upon the written request of any two Directors. At least one day’s prior written notice of the time, place and purposes of every special meeting shall be given to each Director; provided, however, that no notice of any such meeting need be given to any Director who attends the meeting or signs before or after the meeting a written waiver of notice thereof. Notices may be delivered personally or sent by mail, telegraph, facsimile transmission or other form of electronic transmission, and shall be deemed given when so delivered or sent. Section 4. Quorum. At all meetings of the Board of Directors a majority of the number of Directors fixed in accordance with Section 1 of this Article II shall constitute a quorum for the transaction of business, and the acts of a majority of the Directors present at any meeting at which a quorum is present shall be the acts of the Board, except as may be otherwise specifically provided by any applicable law or by the Corporation’s Certificate of Incorporation or by these By-Laws. If a quorum is not present at any meeting, a majority of the Directors present may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is obtained. Section 5. Order of Business. The order of business at meetings of the Board of Directors shall be as the Board may determine from time to time, or, subject to any such action by the Board, as determined by the Chair of the meeting. Section 6. Powers. The Board of Directors shall manage and control the business, property and affairs of the Corporation, and shall have and may exercise all the powers of the Corporation and do all such lawful acts and things as are not by statute or by the Certificate of Incorporation or by these By-Laws directed or required to be exercised or done by the stockholders. Section 7. Compensation. The Directors may be paid as compensation for their services a periodic fee, or a fixed fee for attendance at each meeting of the Board of Directors or any Committee thereof, or both, and may be paid their expenses, if any, of attendance at Board or Committee meetings and may be paid in stock or stock options, all as the Board from time to time may determine, but otherwise shall not be entitled to any fees or compensation for their services as Directors. No such payment shall preclude any Director from serving the Corporation in any other capacity and receiving compensation therefor.

-22- ARTICLE III EXECUTIVE COMMITTEE Section 1. Appointment, Number and Quorum. The Board of Directors, by the affirmative vote of a majority of the whole Board, may appoint an Executive Committee consisting of such number of the Directors not less than three as the Board may determine; provided, always, that the Chief Executive Officer shall at all times be appointed to the Committee. By similar action the Board may fill any vacancy in, change the membership of, or dissolve the Committee at any time in its discretion. At all meetings of the Committee a majority, but not less than three, of its members shall constitute a quorum for the transaction of business, and the affirmative vote of a majority of the whole Committee, but in no case less than three members, shall be necessary to adopt any resolution or to take any other action. Any member of the Committee who ceases to be a Director shall cease ipso facto to be a member of the Committee. Any member may resign at any time upon written notice to the Corporation. A resignation shall become effective when and as specified in the notice, or, in the absence of such specification, upon its acceptance by the Corporation. Section 2. Powers and Proceedings. The Executive Committee during the intervals between the meetings of the Board of Directors, shall have and may exercise, insofar as permitted by law, all the powers of the Board of Directors, provided that the Committee shall not act to fill a vacancy on the Committee and shall not take any action contrary to any specific action or direction of the Board. The Board of Directors may designate the Chair of the Committee and prescribe rules governing its proceedings. The Committee may elect its own Chair from its members, if not previously designated by the Board or Governance Committee, and may make its own rules of procedure insofar as they do not conflict with any rules prescribed by the Board or with these By-Laws. Minutes of all acts and proceedings of the Committee shall be kept in a proper record book and shall be laid before the Directors at their next meeting. Section 3. Compensation. The members of the Executive Committee may be paid such compensation for their services, and such expenses incurred by them in connection therewith, as the Board of Directors may determine, but otherwise shall not be entitled to any compensation for their services as such Committee members. ARTICLE IV OFFICERS Section 1. Officers, Election, Term and Vacancies. At its first meeting held after each annual meeting of the stockholders, the Board of Directors shall elect, to serve until their successors are elected and qualify, a Chair of the Board and, if necessary or advisable, a Vice Chair of the Board, and, as the officers of the Corporation, a Chief Executive Officer and/or a President, one or more Vice Presidents (one or more of whom may be designated Executive Vice Presidents or Senior Vice Presidents by the Board), a Chief Financial Officer, a Secretary, a

-23- Treasurer, a Chief Accounting Officer, and a Controller, and may elect or appoint such Assistant Secretaries, Assistant Treasurers, Assistant Controllers and other officers as the Board in its discretion may determine. If any such officers are not elected or appointed at such first meeting, they may be elected or appointed at any subsequent meeting of the Directors. Subject to the provisions of any applicable law, one person may hold two or more offices. Each of the Chair of the Board and the Vice Chair, if any, shall be a Director, but no other officer need be a Director. Any officer may resign at any time upon written notice to the Corporation. A resignation shall become effective when and as specified in the notice, or, in the absence of such specification, upon its acceptance by the Corporation. Any officer may be removed at any time, with or without cause, by the affirmative vote of a majority of the whole Board of Directors. Any vacancy occurring in any office for any reason may be filled by the Board of Directors. Section 2. Chair of the Board. The Chair of the Board shall preside at meetings of the Directors and at meetings of the stockholders. The Chair shall have such other powers and duties as may be prescribed by the Board of Directors. Section 3. Vice Chair of the Board. A Vice Chair may be designated as the Board in its discretion may determine. The Vice Chair of the Board, if any, may preside at meetings of the Directors and at meetings of the stockholders at the request of or in the absence or incapacity of the Chair of the Board, and shall have such other powers and duties as may be prescribed by the Board or the Chair of the Board. The duties and powers ascribed to the Chair in these By- Laws shall be granted to the Vice Chair in the absence or incapacity, if any, of the Chair, unless otherwise noted in these By-Laws. Section 4. Chief Executive Officer. The Chief Executive Officer shall be the principal executive officer of the Corporation, and shall be responsible for the supervision, direction and control of all of its business and affairs, subject only to the Board of Directors and the Executive Committee. Subject to the control of the Board of Directors, the Chief Executive Officer shall have power to employ, appoint and discharge employees and agents of the Corporation and fix their compensation, to make and sign contracts and agreements in the name and on behalf of the Corporation, to sign certificates of stock of the Corporation, to sign proxies for or to attend and vote at meetings of stockholders of any other corporation in which the Corporation holds stock, and to sign in the name and on behalf of the Corporation other instruments and documents to be executed by it. The Chief Executive Officer shall see that all books, records, reports, statements and certificates are properly made, kept and filed as required of the Corporation by any applicable law, and shall have such other powers and duties as may be prescribed by the Board of Directors. Section 5. President. The offices of the Chief Executive Officer and the President may be, but are not required to be, served by the same individual. If the individual serving as the Chief Executive Officer is not also serving in the office of President, the President shall be the principal administrative officer of the Corporation, and shall have such responsibilities, duties and powers as may be prescribed by the Chief Executive Officer, unless the Board of Directors

-24- shall otherwise determine, and the Board of Directors. The President, in the absence or incapacity of the Chief Executive Officer, shall perform the duties and exercise the powers of the Chief Executive Officer. Section 6. Vice Presidents. Each Vice President, Executive Vice President (if any) and Senior Vice President (if any) shall have such powers and duties as may be delegated by the Chief Executive Officer or as may be prescribed by the Board of Directors. Section 7. Chief Financial Officer. The Chief Financial Officer shall be the principal financial officer of the Corporation and shall be responsible for the direction and control of the financial affairs of the Corporation, including the preparation of the Corporation’s financial statements. The Chief Financial Officer shall have such other powers and duties as may be prescribed by the Chief Executive Officer and the Board of Directors. Section 8. Chief Accounting Officer. The Chief Accounting Officer shall be the principal accounting officer of the Corporation and shall have direct responsibility for and supervision of the accounting records of the Corporation and of its subsidiaries and managed affiliated corporations, and shall see that adequate examination and audits thereof are currently and regularly made. The Chief Accounting Officer shall be responsible for full, accurate and current accounts of all receipts and disbursements of funds. The Chief Accounting Officer shall render to the Board of Directors, the Chief Executive Officer, the President or the Chief Financial Officer, whenever requested, an account of all transactions as Chief Accounting Officer and of the financial condition of the Corporation. Section 9. Controller. The Controller shall have such powers and shall perform such duties as may be prescribed by the Board of Directors or the Chief Accounting Officer, and, subject to the control of the Board or the Chief Accounting Officer, such powers and duties as are generally incident to the office of Controller. In the absence of a designated Chief Accounting Officer, the Controller shall assume the responsibilities and duties of the Chief Accounting Officer. Section 10. Assistant Controllers. Each Assistant Controller shall have all the powers and may perform all the duties of the Controller in the absence or incapacity of the Controller unless the Board of Directors shall otherwise determine, and shall have such other powers and perform such other duties as may be prescribed by the Board of Directors. Section 11. Treasurer. The Treasurer shall receive and have in his, her or their charge or custody the funds, securities and valuable effects of the Corporation, and shall deposit or keep same to the credit or in the name of the Corporation in such banks or depositories as the Board of Directors designates. The Treasurer shall disburse the funds of the Corporation and dispose of its securities and valuable effects as authorized or directed by the Board of Directors or by an officer, committee or agent acting with and under the authority of the Board. The Treasurer shall keep full, accurate and current accounts of all receipts and disbursements of funds. The Treasurer shall render to the Board of Directors, the Chief Executive Officer, the President or the Chief Financial Officer, whenever requested, an account of all transactions as Treasurer. The Treasurer shall have power on behalf of the Corporation to endorse for collection, bills, notes, drafts, checks and other instruments for payment of funds to the Corporation, and to sign receipts

-25- and vouchers for payments made to the Corporation. The Treasurer shall sign or countersign all bills, notes, drafts, checks and other instruments for payments made by the Corporation, and all assignments or powers for transfers of securities and other valuable effects of the Corporation, and certificates of the stock Corporation provided, however, that the Board of Directors may authorize or require other officers or agents of the Corporation to sign or countersign in its name any such papers, instruments or documents. The Treasurer shall have such other powers and shall perform such other duties as may be prescribed by the Board of Directors, and, subject to the control of the Board, such powers and duties as are generally incident to the office of Treasurer. Section 12. Assistant Treasurers. Each Assistant Treasurer shall have all the powers and may perform all the duties of the Treasurer in the absence or incapacity of the Treasurer unless the Board of Directors shall otherwise determine, and shall have such other powers and perform such other duties as may be prescribed by the Board of Directors. The Assistant Treasurer shall give a like bond or bonds, if any, as are given by the Treasurer. Section 13. Secretary. The Secretary shall attend meetings of the stockholders, Board of Directors and Executive Committee, and shall record all the proceedings and votes taken at such meetings in appropriate books kept by him or her for that purpose. In the absence of the Secretary, an acting Secretary or Assistant Secretary may be designated by the Board of Directors or its respective committees for the above mentioned record keeping purpose at certain meetings. The Secretary shall give, or cause to be given, all notices required by law or by these By-Laws to be given of all such meetings, and shall see that the list of stockholders required for every meeting of the stockholders is properly prepared and made and kept at the place of the meeting for at least ten days prior thereto. The Secretary shall keep or cause to be kept in safe custody the seal of the Corporation, its unissued stock certificates, stock transfer books, stock ledgers, and such other books, records, documents and papers of the Corporation as the Board of Directors may direct; provided, however, that the Transfer Agent, if one be appointed, shall have custody of the unissued stock certificates, stock transfer books and stock ledgers. The Secretary shall have power to countersign or attest all contracts, agreements, stock certificates, proxies and other instruments and documents signed on behalf of the Corporation by the Chair of the Board, the Chief Executive Officer, the President or a Vice President, and to affix thereto the seal of the Corporation, and to certify all minutes and extracts from minutes of meetings of the stockholders, Board of Directors and Executive Committee, and all resolutions passed or adopted thereat. The Secretary shall have such other powers and shall perform such other duties as may be prescribed by the Board of Directors, and, subject to the control of the Board, such powers and duties as are generally incident to the office of Secretary. Section 14. Assistant Secretaries. Each Assistant Secretary shall have all the powers and may perform all the duties of the Secretary in the absence or incapacity of the Secretary

-26- unless the Board of Directors shall otherwise determine, and shall have such other powers and perform such other duties as may be prescribed by the Board of Directors. Section 15. Other Officers. Each other officer elected or appointed by the Board of Directors shall have such powers and perform such duties as may be prescribed by the Board, and, subject to the control of the Board, such powers and duties are generally incident to such office. ARTICLE V CAPITAL STOCK Section 1. Stock Certificates and Uncertificated Shares. Certificates for shares of the capital stock of the Corporation shall be in such form, not inconsistent with any applicable law or the Corporation’s Certificate of Incorporation, as shall be prescribed or approved from time to time by the Board of Directors. Holders of the stock shall be entitled to have such certificates issued in the name of the Corporation, under its seal and signed by the Chair of the Board, the Chief Executive Officer, the President or a Vice President and by the Secretary or Treasurer or an Assistant Secretary or Assistant Treasurer, evidencing and certifying the number of shares owned by such respective stockholders in the Corporation. Such certificates may be so sealed and signed either manually or by facsimile seal or signatures, if and as permitted by law and authorized or approved by the Board of Directors. If any officer whose signature is used on any certificate shall cease to be such officer for any reason before the issuance or delivery of the certificate by the Corporation, the validity of the Certificate upon its issuance and delivery shall not be thereby affected. The Board of Directors may authorize and require the signing of any certificate or certificates by a Transfer Agent and a Registrar, in addition to the signing by the officers of the Corporation. Shares of capital stock of the Corporation shall be represented by certificates or shall be uncertificated. The Board of Directors may provide by resolution or resolutions that some or all of any or all classes or series of the capital stock of the Corporation shall be uncertificated. Any such resolution shall not apply to any such shares represented by a certificate theretofore issued until such certificate is surrendered to the Corporation. Within a reasonable time after the issuance or transfer of uncertificated shares, the Corporation shall send to the registered owner thereof a written statement of the information required on certificates by applicable law, rule or regulation. Section 2. Stock Transfers. The shares of stock of the Corporation shall be transferred only on the books of the Corporation by the holders thereof in person or by their duly authorized attorney, (a) in the case of shares represented by a certificate, upon surrender for cancellation of the certificates for the shares to be transferred, with a duly executed assignment or stock power endorsed thereupon or attached thereto, and accompanied by such other evidences of transfer of authority, such guarantees of signatures and such payments of stock transfer taxes or other charges as may be reasonably required, or (b) in the case of uncertificated

-27- shares, upon receipt of proper transfer instructions from the registered owner of such uncertificated shares, or from a duly authorized attorney or from an individual presenting proper evidence of succession, assignment or authority to transfer the stock. The Board of Directors may appoint a Transfer Agent and a Registrar for the capital stock of the Corporation. Section 3. Lost Certificates. Unless otherwise determined by the Board of Directors, a new certificate or uncertificated share shall be issued in place of any certificate theretofore issued by the Corporation for its capital stock and alleged by the holder thereof to have been lost, stolen or destroyed; provided, however, that the applicant for any such new certificate or uncertificated share shall furnish to the Corporation evidence satisfactory to it of the alleged loss, theft or destruction, together with such bond or indemnification as the Board of Directors from time to time may require to indemnify the Corporation against an any claim that may be made against it or its officers or agents on account of a certificate alleged to have been lost, stolen or destroyed or the issuance of a new certificate or uncertificated share replacing it. Section 4. Record Date. In order that the Corporation may determine the stockholders entitled to notice of any meeting of stockholders, or to receive payment of any dividend or other distribution or allotment of any rights or to exercise any rights in respect of any change, conversion or exchange of stock or for the purpose of any other lawful action, the Board of Directors may, except as otherwise required by law, fix a record date, which record date shall not precede the date on which the resolution fixing the record date is adopted and which record date shall not be more than sixty (60) nor less than ten (10) days before the date of any meeting of stockholders, nor more than sixty (60) days prior to the time for such other action as hereinbefore described. If the Board of Directors so fixes a date in accordance with the preceding sentence, such date shall also be the record date for determining the stockholders entitled to vote at such meeting unless the Board of Directors determines, at the time it fixes such record date, that a later date on or before the date of the meeting shall be the date for making such determination of stockholders entitled to vote. Provided, however, that if no record date is fixed by the Board of Directors, the record date for determining stockholders entitled to notice of and to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held, and, for determining stockholders entitled to receive payment of any dividend or other distribution or allotment of rights or to exercise any rights of change, conversion or exchange of stock or for any other purpose, the record date shall be at the close of business on the day on which the Board of Directors adopts a resolution relating thereto. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; provided, however, that the Board of Directors may fix a new record date for determination of stockholders entitled to vote at the adjourned meeting, and in such case shall also fix as the record date for stockholders entitled to notice of such adjourned meeting the same or an earlier date as that fixed for determination of stockholders entitled to vote in accordance with the foregoing provisions of this Section 4. Section 5. Registered Stockholders. The Corporation shall be entitled to recognize the exclusive right of a person registered on its books as the owner of shares to receive

-28- dividends, and to vote as such owner, and shall not be bound to recognize any equitable or other claim to or interest in such share or shares on the part of any other person, whether or not it shall have express or other notice thereof, except as otherwise provided by the laws of the State of Delaware. Section 6. Stock Ledger. The original or a duplicate stock ledger shall be kept at the Corporation’s principal office in the State of Delaware. ARTICLE VI INDEMNIFICATION OF DIRECTORS, OFFICERS AND OTHERS Section 1. Indemnification of Directors and Officers. The Corporation shall, to the fullest extent permitted by applicable law, as the same exists or may hereafter be amended (but in the case of any such amendment, only to the extent that such amendment permits the Corporation to provide broader indemnification rights than such law permitted the Corporation to provide prior to such amendment), indemnify any person (and the heirs, executors and administrators thereof) who was or is made, or threatened to be made, a party to an action, suit or proceeding (whether civil, criminal, administrative or investigative, whether involving any actual or alleged breach of duty, neglect or error, any accountability, or any actual or alleged misstatement, misleading statement or other act or omission and whether brought or threatened in any court or administrative or legislative body or agency) including (i) an action by or in the right of the Corporation to procure a judgment in its favor and (ii) an action by or in the right of any other corporation of any type or kind, domestic or foreign, or any partnership, joint venture, trust, employee benefit plan or other enterprise, which any director or officer of the Corporation is serving or served as a director, officer or trustee at the request of the Corporation, by reason of the fact that such individual, his, her or their testator or intestate is or was a director or officer of the Corporation, or is serving or served such other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise as a director, officer or trustee, against all expense, liability and loss (including attorneys’ fees, judgments, fines and amounts paid in settlement) actually and reasonably incurred by the person in connection with such action, suit or proceeding; provided, however, except as provided in Section 7 of this Article VI, with respect to proceedings to enforce rights to indemnification, the Corporation shall indemnify any such person in connection with an action, suit or proceeding (or part thereof) initiated by such person only if such action, suit or proceeding (or part thereof) is authorized by the Board of Directors of the Corporation. Section 2. Indemnification of Others. The Corporation shall indemnify other persons and reimburse the expenses thereof, to the extent required by applicable law, and may indemnify any other person to whom the Corporation is permitted to provide indemnification or the advancement of expenses, whether pursuant to rights granted pursuant to, or provided by, the Delaware General Corporation Law or otherwise. Section 3. Advances or Reimbursement of Expenses. The Corporation shall, to the fullest extent permitted by applicable law, from time to time, reimburse or advance to any person referred to in Section 1 the funds necessary for payment of expenses, including attorneys’ fees, incurred in connection with any action, suit or proceeding referred to in Section 1, upon receipt

-29- of a written undertaking by or on behalf of such person to repay such amount(s) if it shall ultimately be determined that such person is not entitled to be indemnified by the Corporation under this Article VI or otherwise. Section 4. Service of Certain Entities Deemed Requested. Any director or officer of the Corporation servicing (i) another corporation, of which a majority of the shares entitled to vote in the election of its directors is held by the Corporation, or (ii) any employee benefit plan of the Corporation or any corporation referred in clause (i), in any capacity shall be deemed to be doing so at the request of the Corporation. Section 5. Interpretation. Any person entitled to be indemnified or to the reimbursement or advancement of expenses as a matter of right pursuant to this Article may elect to have the right to indemnification (or advancement of expenses) interpreted on the basis of the applicable law in effect at the time of the occurrence of the event or events giving rise to the action, suit or proceeding, to the extent permitted by applicable law, or on the basis of the applicable law in effect at the time indemnification is sought. Section 6. Indemnification Right. The right to be indemnified or to the reimbursement or advancement of expenses pursuant to this Article (i) is a contract right pursuant to which the person entitled thereto may bring suit as if the provisions hereof were set forth in a separate written contract between the Corporation and the director or officer, (ii) is intended to be retroactive and shall be available with respect to events occurring prior to the adoption hereof, and (iii) shall continue to exist after the rescission or restrictive modification hereof with respect to events occurring prior thereto. Section 7. Indemnification Claims. If a request to be indemnified or for the reimbursement or advancement of expenses pursuant hereto is not paid in full by the Corporation within thirty days after a written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Corporation or recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled also to be paid the expenses of prosecuting such claim. Neither the failure of the Corporation (including its Directors who are not parties to such action, suit or proceeding, a committee of such directors, independent legal counsel, or its stockholders) to have made a determination prior to the commencement of such action that indemnification of or reimbursement or advancement of expenses to the claimant is proper in the circumstances, nor an actual determination by the Corporation (including its Directors who are not parties to such action, suit or proceeding, a committee of such directors, independent legal counsel, or its stockholders) that the claimant is not entitled to indemnification or to the reimbursement or advancement of expenses, shall be a defense to the action or create a presumption that the claimant is not so entitled. ARTICLE VII MISCELLANEOUS PROVISIONS Section 1. Fiscal Year. The fiscal year of the Corporation, and of each of its subsidiaries, shall be the calendar year.

-30- Section 2. Offices. The principal office of the Corporation in the State of Delaware shall be maintained in the City of Wilmington, County of New Castle. The Corporation may have offices at such other places within or without the State of Delaware as the Board of Directors from time to time may determine. Section 3. Resident Agent. The Resident Agent of the Corporation in charge of its principal office in the State of Delaware shall be Corporation Service Company. Section 4. Seal. The seal of the Corporation shall have inscribed thereon the name of the Corporation, the year of its incorporation and the words “Corporate Seal, Delaware.” Section 5. Dividends. Subject to all applicable laws and the Certificate of Incorporation, dividends upon the capital stock of the Corporation may be declared by the Board of Directors, payable in cash, in property or in shares of the capital stock of the Corporation. Section 6. Amendments. Subject to any By-Laws made by the stockholders, the Board of Directors may make By-Laws, and from time to time may alter, amend or repeal any By-Law or By-Laws; but any By-Laws made by the Board of Directors may be altered or repealed by the stockholders at any annual meeting, or at any special meeting provided notice of such proposed alteration or repeal be included in the notice of such special meeting. Section 7. Separability. In case any By-Law or provision in any By-Law shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining By- Laws or remaining provisions of such By-Law shall not in any way be affected or impaired thereby. Section 8. Exclusive Forum. Unless the Corporation consents in writing to the selection of an alternative forum, the sole and exclusive forum for: (a) any derivative action or proceeding brought on behalf of the Corporation; (b) any action asserting a claim for or based on a breach of a fiduciary duty owed by any current or former director or officer or other employee of the Corporation to the Corporation or to the Corporation’s stockholders, including a claim alleging the aiding and abetting of such a breach of fiduciary duty; (c) any action asserting a claim against the Corporation or any current or former director or officer or other employee of the Corporation arising pursuant to any provision of the General Corporation Law of the State of Delaware or the Certificate of Incorporation or these By-laws (as either may be amended, restated, modified, supplemented or waived from time to time); (d) any action to interpret, apply, enforce or determine the validity of the Certificate of Incorporation or these By-laws of the Corporation; (e) any action asserting a claim related to or involving the Corporation that is governed by the internal affairs doctrine; or (f) any action asserting an “internal corporate claim” as that term is defined in Section 115 of the General Corporation Law of the State of Delaware shall be a state court located within the State of Delaware (or, if no state court located within the State of Delaware has jurisdiction, the federal court for the District of Delaware).

Document

Exhibit 4.25

DESCRIPTION OF THE REGISTRANT’S SECURITIES

REGISTERED PURSUANT TO SECTION 12

OF THE SECURITIES EXCHANGE ACT OF 1934

As of the date of the Annual Report on Form 10-K of which this exhibit is part, Newmont Corporation (“we”, “Newmont” or the “Company”) has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): our common stock, $1.60 par value per share (“Common Stock”).

DESCRIPTION OF CAPITAL STOCK

The rights of our stockholders are governed by the applicable provisions of the Delaware General Corporation Law (the "DGCL"), our Certificate of Incorporation and our By-Laws. The following is a summary of the material terms of our capital stock. For additional information regarding our capital stock, please refer to the applicable provisions of the DGCL, our Certificate of Incorporation and our By-Laws.

At December 31, 2024, we had 2,555,000,000 shares of authorized capital stock. Those shares consisted of:

•2,550,000,000 shares of Common Stock, par value $1.60 per share, of which 1,126,980,806 shares were outstanding; and

•5,000,000 shares of preferred stock, par value $5.00 per share, none of which is outstanding.

Common Stock

The following is a summary of the terms of our Common Stock. For additional information regarding our Common Stock, please refer to our Certificate of Incorporation, our By-Laws and the applicable provisions of the DGCL.

Dividend Rights

Holders of our Common Stock may receive dividends when, as and if declared by our Board of Directors out of funds of Newmont legally available for the payment of dividends. Subject to the terms of any outstanding preferred stock, holders of our Common Stock may not receive dividends until we have satisfied our obligations to any holders of our preferred stock.

As a Delaware corporation, we may pay dividends out of our surplus capital or, if there is no surplus capital, out of our net profits for the fiscal year in which a dividend is declared and/or the preceding fiscal year. Section 170 of the DGCL also provides that dividends may not be paid out of net profits if, after the payment of the dividend, capital is less than the capital represented by the outstanding stock of all classes having a preference upon the distribution of assets.

Currently, we pay dividends on our Common Stock each quarter. The declaration and payment of future dividends remains at the discretion of the Board of Directors and will depend on the Company's financial results, cash requirements, future prospects and other factors deemed relevant by the Board of Directors.

Voting and Other Rights

Holders of our Common Stock are entitled to one vote per share and, in general, a majority of votes cast with respect to a matter will be sufficient to authorize action upon routine matters.

The holders of record of a majority of the outstanding shares of our capital stock entitled to vote at the meeting of our stockholders must be present in person or represented by proxy at the meeting in order to constitute a quorum for all matters to come before the meeting.

Special meetings of our stockholders may be called by our Board of Directors or by the Chair of the Board or by our President, and will be called by the Chair of the Board or by our President or Secretary upon a written request stating the purposes of the proposed meeting and signed by a majority of our Board of Directors or stockholders owning at least 25% of our outstanding capital stock entitled to vote at the meeting.

Written notice of a meeting of our stockholders is given personally, by mail, or other means of electronic transmission not less than 10 days nor more than 60 days before the date on which the meeting is held, to each stockholder of record entitled to vote at the meeting. The notice must state the time, place and purposes of the meeting. In the event of a special meeting called upon the written request of our stockholders, the notice will describe any business set forth in the statement of purpose in the written stockholder request, as well as any additional business that our Board of Directors proposes to be conducted at the meeting. If mailed, the notice will be sent to our stockholders at their respective addresses appearing on our stock records or to such other addresses as they may designate in writing, and will be deemed given when mailed. A waiver of any notice, in writing by a stockholder or by electronic transmission given by the person or persons entitled to such notice before or after the time for the meeting, will be deemed equivalent to that stockholder having received the notice.

Our Board of Directors is not classified. Directors are to be elected by a majority of the votes cast by stockholders entitled to vote thereon at a duly held meeting of stockholders at which a quorum is present, and our stockholders do not have the right to cumulate their votes in the election of directors.

Liquidation

In the event of any liquidation, dissolution or winding up of Newmont, holders of our Common Stock would be entitled to receive proportionately any assets legally available for distribution to our stockholders with respect to shares held by them, subject to any prior rights of the holders of any of our preferred stock then outstanding.

Redemption

Our Common Stock is not redeemable or convertible.

Other Provisions

All of the issued and outstanding shares of our Common Stock are validly issued, fully paid and nonassessable. Holders of our Common Stock have no preemptive rights with respect to any of our securities.

Listing

Our Common Stock trades on the New York Stock Exchange under the symbol “NEM.” Computershare Investor Service Inc. is the registrar, transfer agent and dividend disbursing agent for our Common Stock. Our Common Stock also trades on the Toronto Stock Exchange under the symbol “NGT.”

Our CHESS Depositary Interests (“CDIs”), each one representing a unit of beneficial ownership in our common stock, trade on the Australian Securities Exchange (“ASX”) and our PETS Depositary Interests (“PDIs”), each one representing a unit of beneficial ownership in our common stock, trade on the Papua New Guinea Stock Exchange (“PNGX”), in each case under the symbol “NEM.”

Australian CHESS Depositary Interests

CDIs are an instrument through which shares of Newmont common stock can be traded on the ASX. Each CDI represents a beneficial interest in one share of Newmont common stock. The holders of CDIs are not registered Newmont stockholders; rather, a depository nominee, CHESS Depositary Nominees Pty Ltd., a wholly owned subsidiary of the Australian Securities Exchange Limited, holds the underlying shares of Newmont common stock on behalf of CDI holders. The CDIs entitle holders to dividends and other rights economically equivalent to our common stock on a one-for-one basis, including the right to attend meetings of our stockholders. The CDIs may be exchanged, at the option of the holders, for shares of our common stock held by CHESS Depositary Nominees Pty Ltd. on a one-for-one basis. CHESS Depositary Nominees Pty Ltd., as the stockholder of record, will vote the underlying shares of our common stock in accordance with the directions of the CDI holders.

Papua New Guinea PETS Depositary Interests

PDIs are a type of depository receipt, used to enable trading on the PNGX of Newmont common stock through the Port Moresby Electronic Trading System. Each PDI represents a beneficial interest in one share of Newmont common stock. The holders of PDIs are not registered Newmont stockholders; rather, a depositary nominee appointed under the PNGX Business Rules, PNGCSD Nominee Limited, holds the underlying shares of Newmont common stock on behalf of PDI holders. The PDIs entitle holders to dividends and other rights economically equivalent to our common stock on a one-for-one basis, including the right to attend meetings of our stockholders. The PDIs may be exchanged, at the option of the holders, for shares of our common stock held by PNGCSD Nominee Limited on a one-for-one basis. PNGCSD Nominee Limited, as the stockholder of record, will vote the underlying shares of our common stock in accordance with the directions of the PDI holders.

Preferred Stock—General

The applicable prospectus supplement relating to the particular series of preferred stock and any related depositary shares to be offered will describe the specific terms of that series as fixed by our Board of Directors, including, as applicable:

•voting rights,

•designations,

•dividend rate,

•redemption rights,

•liquidation rights,

•sinking fund or purchase fund provisions,

•conversion or exchange rights,

•any other preferences, relative participating and option or other special rights, and qualifications, limitations and restrictions that are not inconsistent with the terms of our restated certificate of incorporation, including any restriction on the repurchase or redemption while we are in arrears in the payment of dividends or sinking fund installments.

Anti-Takeover Provisions

Article Ninth of our Certificate of Incorporation may make it more difficult for various corporations, entities or persons to acquire control of us or to remove management.

Article Ninth of our Certificate of Incorporation requires us to get the approval of the holders of 80% of all classes of our capital stock who are entitled to vote in elections of directors, voting together as one class, to enter into the following types of transactions:

•a merger or consolidation between us and another corporation that holds 10% or more of our outstanding shares;

•the sale or lease of all or a substantial part of our assets to another corporation or entity that holds 10% or more of our outstanding shares; or

•any sale or lease to us of assets worth more than $10 million in exchange for our securities by another corporation or entity that holds 10% or more of our outstanding shares.

However, Article Ninth does not apply to any transaction if:

•our Board of Directors approves the transaction before the other corporation, person or entity becomes a holder of 10% or more of our outstanding shares; or

•we or our subsidiaries own a majority of the outstanding voting shares of the other corporation.

Article Ninth can be altered or repealed only with the approval of the holders of 80% of all classes of our capital stock who are entitled to vote in elections of directors, voting together as one class.

q42024exhibit1017

Exhibit 10.17 NEWMONT CORPORATION 2020 STOCK INCENTIVE COMPENSATION PLAN 2025 PERFORMANCE STOCK UNIT AGREEMENT This 2025 Performance Stock Unit Agreement, including any country-specific terms and conditions set forth in Appendix 1 hereto and the performance terms and conditions set forth in Appendix 2 hereto (the “Agreement”), dated February 24, 2025, is made between Newmont Corporation (“Newmont”) and “Employee,” as specified in Employee’s Grant Summary and Grant Acknowledgment (collectively, the “Grant Acknowledgment”). The Grant Acknowledgment is set forth on the Fidelity online employee portal. The Grant Acknowledgment is incorporated by reference herein. This Agreement shall be deemed executed by the Employee upon their electronic execution of the Grant Acknowledgment. All capitalized terms that are not defined herein shall have the meaning as defined in the Newmont Corporation 2020 Stock Incentive Compensation Plan (“Plan”) or any applicable long-term incentive program or plan related hereto. 1. Award of Performance Stock Units. Newmont hereby grants to Employee the right to vest in the Performance Stock Units (“PSUs”) specified herein and/or in the Grant Acknowledgment, pursuant to the terms and subjects to the conditions and restrictions set forth in this Agreement, the Plan, and any applicable long-term incentive program or plan related hereto. Each PSU granted represents an unfunded right to receive one share of Common Stock, subject to the conditions and restrictions set forth in this Agreement and in the Plan, including but not limited to satisfaction of certain service-based vesting requirements and attainment of certain objectives with respect to the Performance Metrics set forth in Appendix 2, as approved by the Committee. 2. Target Grant Setting Date, Performance Period, Performance Metrics and Payout Determination. The Target Grant Setting Date for the PSUs is February 24, 2025, and the Performance Period applicable to the PSUs is the period commencing on January 1, 2025 and ending December 31, 2027. The Performance Metrics applicable to the PSUs are set forth in Appendix 2. The Committee will determine the number of PSUs that will become eligible to vest in accordance with Section 3 below based upon the attainment level of the Performance Metrics during the Performance Period and the resulting payout percentage of the PSUs (the “Eligible PSUs”). The number of Eligible PSUs, if any, that vest will be payable in the form of shares of Common Stock in accordance with Section 4. 3. Termination. The Eligible PSUs will vest upon the date that the Committee determines the attainment level of the Performance Metrics (the “Vesting Date”), subject to Employee’s continued service with Newmont or any Subsidiary through the Vesting Date, unless otherwise provided pursuant to this Section 3. A. Termination of Employment for death, disability, and following change of control. If (i) Employee dies, or (ii) Employee’s employment with Newmont or any Subsidiary terminates by reason of (a) disability (as determined under the terms of any applicable long-term disability plan of Newmont, or (b) termination of employment entitling Employee to benefits under the Executive Change of Control Plan of Newmont or the Change of Control Plan of Newmont, the total number of outstanding PSUs subject to this Agreement shall remain outstanding and nonforfeitable until the end of the Performance Period, as of the date of Employee’s death or other termination of employment. B. Termination of Employment under a Severance Plan of Newmont. If Employee terminates employment with Newmont or any Subsidiary and receives, after execution (and non-revocation, if applicable) of a waiver and release agreement: (i) severance benefits under the Severance Plan for Salaried Employees of Newmont or the Severance Plan for Section 16 Officers of Newmont (collectively “Severance Plans”), or; (ii) separation benefits for any involuntary termination, other than an involuntary termination for Cause or that could have been for Cause (as defined in Section 2(h) of the Plan), for Employees not eligible for benefits under the Severance Plans; a pro-rata percentage of the total number of PSUs subject to the Agreement will remain

2 - outstanding until the end of the Performance Period, as of the date of Employee’s employment termination in accordance with the following formula, and the remaining PSUs will be forfeited: PSUs outstanding = Total PSUs Covered by This Agreement X Days Elapsed From Date of Grant to Date of Termination of Employment 10951 If Employee is entitled to severance or separation benefits as contemplated in clauses (i) or (ii) above in this Section 3.B, and is also retirement eligible as defined in Section 3.C below, the total number of PSUs subject to the Agreement shall prorate in accordance with this Section 3.B and not 3.C below. C. Retirement. If Employee terminates employment with Newmont or any Subsidiary due to retirement, defined as: (1) at least age 55; (2) at least 5 years of continuous employment with Newmont and/or any Subsidiary; and (3) a total of at least 65 when adding age plus years of continuous employment, a pro-rata percentage of the total number of PSUs subject to this Agreement will remain outstanding until the end of the Performance Period, as of the date of Employee’s employment termination in accordance with the following formula, and the remaining PSUs will be forfeited: PSUs outstanding = Total PSUs Covered by This Agreement X Days Elapsed From Date of Grant to Date of Termination of Employment 10951 D. Other Terminations. If Employee terminates employment with Newmont or any Subsidiary under circumstances other than those set forth above in Sections 3.A through 3.C, Employee agrees that all PSUs granted pursuant to this Agreement will be immediately and unconditionally forfeited without any action required by Employee or Newmont as of the date of such termination of employment. E. Discretion to Apply Termination Vesting Provisions. Notwithstanding the provisions in this Section 3, if Newmont determines that any provision in this Section 3 may be found to be unlawful, discriminatory or against public policy in any relevant jurisdiction, then Newmont, in its sole discretion, may choose not to apply such provision to the PSUs. 4. Delivery of Shares of Common Stock. As soon as reasonably practicable after the Vesting Date, and in any event, no later than within two and one-half months following the calendar year that contains the last day of the Performance Period, Newmont shall cause to be delivered to the Employee the number of shares of Common Stock underlying the vested Eligible PSUs. 5. Nontransferability. Employee’s interest in the PSUs and any shares of Common Stock relating thereto may not be sold, transferred, pledged, assigned, encumbered or otherwise alienated or hypothecated otherwise than by will or by the laws of descent and distribution, prior to such time as the shares of Common Stock have actually been issued and delivered to Employee. 1 For leap years, the denominator is 1096.

3 - 6. No Ownership Rights Prior to Issuance of Common Stock. Employee shall not have any rights as a stockholder of Newmont with respect to the shares of Common Stock underlying the PSUs, including but not limited to the right to vote with respect to such shares of Common Stock, until and after the shares of Common Stock have been issued to Employee and transferred on the books and records of Newmont. Upon the payment of the vested PSUs in Common Stock, an Employee shall also be entitled to a cash payment equal to any dividends paid during the period between the Grant Date and the date of settlement with respect to the Common Stock issued upon settlement of the vested PSUs, minus any applicable taxes. 7. Withholding Taxes. Employee acknowledges that, regardless of any action taken by Newmont or, if different, their employer (the “Employer”), the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to Employee's participation in the Plan and legally applicable or deemed by Newmont or the Employer, in its discretion, to be an appropriate charge to Employee even if legally applicable to Newmont or the Employer (“Tax-Related Items”) is and remains Employee’s responsibility and may exceed the amount actually withheld by Newmont or the Employer. Employee further acknowledges that Newmont and/or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the PSU, including, but not limited to, the grant, vesting or settlement of the PSU, the subsequent sale of shares of Common Stock acquired pursuant to such settlement and the receipt of any dividends and/or any dividend equivalents; and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the PSU to reduce or eliminate Employee’s liability for Tax-Related Items or achieve any particular tax result. Further, if Employee is subject to Tax-Related Items in more than one jurisdiction, they acknowledge that Newmont and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. Prior to any relevant taxable or tax withholding event, as applicable, Employee agrees to make adequate arrangements satisfactory to Newmont and/or the Employer to satisfy all Tax-Related Items. In this regard, Employee authorizes Newmont or its agent to satisfy any applicable withholding obligations with regard to all Tax-Related Items by withholding a number of whole shares of Common Stock to be issued upon settlement of the PSU. If Newmont determines in its discretion that withholding in shares of Common Stock is not permissible or advisable under applicable local law or due to adverse accounting consequences, Newmont may satisfy its obligations for Tax-Related Items by one or a combination of the following: (a) withholding from Employee’s wages or other cash compensation paid to Employee by Newmont and/or the Employer; (b) withholding from proceeds of the sale of shares of Common Stock acquired upon vesting/settlement of the PSUs either through a voluntary sale or through a mandatory sale arranged Newmont (on Employee’s behalf pursuant to this authorization); or (c) any other method of withholding determined by the Committee and permitted under the Plan and applicable laws. Newmont may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates in Employee’s jurisdiction(s), including maximum applicable rates, to the extent permitted by the Plan. In the event of over-withholding, Employee may receive a refund of any over-withheld amount in cash (with no entitlement to the equivalent in Common Stock) or if not refunded, Employee may need to seek a refund from the local tax authorities. In the event of under-withholding, Employee may be required to pay any additional Tax-Related Items directly to the applicable tax authority or to the Company and/or the Employer.. If the obligation for Tax-Related Items is satisfied by withholding in shares of Common Stock, for tax purposes, Employee is deemed to have been issued the full number of shares of Common Stock subject to the vested PSUs, notwithstanding that a number of the shares of Common Stock are held back solely for the purpose of paying the Tax-Related Items.

4 - Finally, Employee agrees to pay to Newmont or the Employer, any amount of Tax-Related Items that Newmont or the Employer may be required to withhold or account for as a result of their participation in the Plan that cannot be satisfied by the means previously described. Newmont may refuse to issue or deliver the shares or the proceeds of the sale of shares of Common Stock, if Employee fails to comply with their obligations in connection with the Tax-Related Items. 8. Acknowledgements. Employee acknowledges receipt of and understands and agrees to the terms of this Agreement and the Plan. Employee understands and agrees to the following: (a) Employee acknowledges that the Plan and the Plan prospectus are available for Employee’s review on Fidelity.com and Employee agrees to be bound by all of the terms and provisions thereof, including any terms and provisions of the Plan adopted after the date of this Agreement but prior to the completion of the Performance Period. If and to the extent that any provision contained in this Agreement is inconsistent with the Plan, the Plan shall govern. (b) Employee acknowledges that as of the date of this Agreement, the Grant Acknowledgement and the Plan set forth the entire understanding between Employee and Newmont regarding the acquisition of shares of Common Stock underlying the PSUs in Newmont and supersede all prior oral and written agreements pertaining to the PSUs. (c) Employee understands that Newmont has reserved the right to amend or terminate the Plan at any time. 9. Miscellaneous (a) No Right to Continued Employment. Neither the PSUs nor any terms contained in this Agreement or the Plan shall confer upon Employee any express or implied right to be retained in the employment of any Subsidiary for any period at all, nor restrict in any way the right of any such Subsidiary, which right is hereby expressly reserved, to terminate their employment at any time with or without cause. Employee acknowledges and agrees that any right to receive delivery of shares of Common Stock is earned only by continuing as an employee of a Subsidiary at the will of such Subsidiary, or satisfaction of any other applicable terms and conditions contained in the Agreement and the Plan, and not through the act of being hired, being granted the PSUs or acquiring shares of Common Stock under the Agreement. (b) Compliance with Laws and Regulations. The award of the PSUs to Employee and the obligation of Newmont to deliver shares of Common Stock hereunder shall be subject to (i) all applicable federal, state, local and foreign laws, rules and regulations, and (ii) any registration, qualification, approvals or other requirements imposed by any government or regulatory agency or body which Newmont shall, in its sole discretion, determine to be necessary or applicable. Moreover, shares of Common Stock shall not be delivered hereunder if such delivery would be contrary to applicable law or the rules of any stock exchange. (c) Investment Representation. If at the time of delivery of shares of Common Stock, the Common Stock is not registered under the Securities Act of 1933, as amended (the “Securities Act”), and/or there is no current prospectus in effect under the Securities Act with respect to the Common Stock, Employee shall execute, prior to the delivery of any shares of Common Stock to Employee by Newmont, an agreement (in such form as Newmont may specify) in which Employee represents and warrants that Employee is purchasing or acquiring the shares acquired under the Agreement for Employee’s own account, for investment only and not with a view to the resale or distribution thereof, and represents and agrees that any subsequent offer for sale or distribution of any kind of such shares shall be made only pursuant to either (i) a registration statement on an appropriate form under the Securities Act, which registration statement has become effective and is current with regard to the shares being offered or sold, or (ii) a specific exemption from the registration requirements of the Securities Act, but in

5 - claiming such exemption Employee shall, prior to any offer for sale of such shares, obtain a prior favorable written opinion, in form and substance satisfactory to Newmont, from counsel for or approved by Newmont, as to the applicability of such exemption thereto. (d) Notices. Any notice or other communication required or permitted hereunder shall, if to Newmont, be in accordance with the Plan, and, if to Employee, be in writing and delivered in person or by electronic means or by registered or certified mail or by overnight courier, postage prepaid, addressed to Employee at their last known address or email address as set forth in Newmont’s records. (e) Severability. If any of the provisions of the Agreement should be deemed unenforceable, the remaining provisions shall remain in full force and effect. (f) Governing Law and Venue. Except as to matters concerning the issuance of Common Stock or other matters of corporate governance, which shall be determined, and related PSU provisions construed, under the General Corporation Law of the State of Delaware, the Agreement shall be governed by the laws of the State of Colorado, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of the Agreement to the substantive law of another jurisdiction. The parties hereto submit to the exclusive jurisdiction and venue of the federal or state courts of Colorado to resolve any and all issues that may arise out of or relate to this Agreement or the Plan, and Employee waives any defense to such governing law and venue, including but not limited to any defense based on subject matter or personal jurisdiction. (g) Transferability of Agreement. The Agreement may not be transferred, assigned, pledged or hypothecated by either party hereto, other than by operation of law. The Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns, including, in the case of Employee, their estate, heirs, executors, legatees, administrators, designated beneficiary and personal representatives. Nothing contained in this Agreement shall be deemed to prevent transfer of the PSUs in the event of Employee’s death in accordance with Section 12(b) of the Plan. (h) Section 409A. The terms of the PSUs are intended to comply with the provisions of Section 409A of the Code and the Treasury Regulations relating thereto so as not to subject Employee to the payment of additional taxes and interest under Section 409A of the Code, and this Agreement will be interpreted, operated and administered in a manner that is consistent with this intent. In furtherance of this intent, the Committee may adopt such amendments to this Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, in each case, without the consent of Employee, that the Committee determines are reasonable, necessary or appropriate to comply with the requirements of Section 409A of the Code and related United States Department of Treasury guidance. In that light, Newmont and Employer, if different, make no representation or covenant to ensure that the PSUs that are intended to be exempt from, or compliant with, Section 409A of the Code are not so exempt or compliant or for any action taken by the Committee with respect thereto. Nothing in the Agreement shall provide a basis for any person to take action against Newmont or any affiliate thereof, based on matters covered by Section 409A of the Code, including the tax treatment of any shares of Common Stock or other payments made under the PSUs granted hereunder, and neither Newmont nor any of its affiliates shall not under any circumstances have any liability to Employee or their estate or any other party for any taxes, penalties or interest due on amounts paid or payable under this Agreement, including taxes, penalties or interest imposed under Section 409A of the Code. If Newmont determines that the PSUs hereunder (i) constitute a deferral of compensation for purposes of Section 409A of the Code, (ii) is made to Employee upon or on a date that is by reference to their “separation from service” (within the meaning of Code Section 409A), and (iii) Employee is a “specified employee” (within the meaning of Code Section 409A) on the date of the separation from service, transfers of shares of Common Stock will be delayed until the first day of the seventh month following the date of such separation from service or, if earlier, on Employee’s death.

6 - (i) No Advice Regarding Award. Neither Newmont, nor any Subsidiary, is providing any tax, legal or financial advice, nor are they making any recommendations regarding Employee’s participation in the Plan, or their acquisition or sale of the underlying shares of Common Stock. Employee should consult with their own personal tax, legal and financial advisors regarding their participation in the Plan before taking any action related to the Plan. (j) Appendix. Notwithstanding any provisions in this Agreement, the award of PSUs shall be subject to any terms and conditions set forth in Appendix to this Agreement for Employee’s country. Moreover, if Employee relocates to, or becomes a resident of, one of the countries included in the Appendix, the terms and conditions for such country will apply to Employee, to the extent Newmont determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Appendix constitutes part of this Agreement. (k) Imposition of Other Requirements. Newmont reserves the right to impose other requirements on Employee’s participation in the Plan, on the PSUs and on any shares of Common Stock acquired under the Plan, to the extent Newmont determines it is necessary or advisable for legal or administrative reasons, and to require Employee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. (l) Clawback/Disgorgement/Disgorgement. As an additional condition of receiving this award of PSUs, Employee agrees that the PSUs, whether vested or unvested, and/or the shares of Common Stock, cash or other benefits acquired pursuant to the PSUs (and any proceeds therefrom) may be subject to clawback, recoupment and/or disgorgement to the extent required (i) under any and all of Newmont’s clawback, recoupment and/or disgorgement policies, as they may be amended from time to time, or (ii) under applicable laws, regulations or stock exchange listing standards (collectively, the “Clawback/Recoupment/Disgorgement Requirement”). In order to satisfy any obligation arising under the Clawback/Recoupment/Disgorgement Requirement, among other things, Employee expressly and explicitly authorizes Newmont to issue instructions, on Employee’s behalf, to any brokerage firm and/or third party administrator engaged by Newmont to hold any shares of Common Stock or other amounts acquired pursuant to the PSUs to re-convey, transfer or otherwise return such shares of Common Stock and/or other amounts to Newmont upon Newmont’s enforcement of the Clawback/Recoupment/Disgorgement Requirement. No recovery of compensation as described in this section will be an event giving rise to Employee’s right to resign for “good reason” or “constructive termination” (or similar term) under any plan of, or agreement with, Newmont, any Subsidiary and/or the Employer. This Clawback/Recoupment/Disgorgement Requirement includes, but is not limited to, Newmont’s right to require reimbursement of any PSUs from Employee if Employee is terminated (or could have been terminated) for cause. (m) Right of Offset. To the extent permitted by applicable law, Newmont or an Employer may, in its sole discretion, apply any RSUs otherwise due and payable under this Agreement against debts of Employee to Newmont or a Subsidiary. Employee hereby consents to the reduction of any compensation paid to Employee by Newmont or an Employer to the extent Employee receives an overpayment from this Agreement. (n) Waiver. Employee acknowledges that a waiver by Newmont of breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach of this Agreement. (o) Electronic Delivery and Acceptance. Newmont may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. Employee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by Newmont or a third party designated by Newmont.

7 - IN WITNESS WHEREOF, pursuant to Employee’s Grant Acknowledgement (including without limitation, the Terms and Conditions section hereof), incorporated herein by reference, and electronically executed by Employee, Employee agrees to the terms and conditions of the Agreement.

8 - APPENDIX 1 NEWMONT CORPORATION 2020 STOCK INCENTIVE COMPENSATION PLAN 2025 PERFORMANCE STOCK UNIT AGREEMENT Unless otherwise provided below, capitalized terms used but not explicitly defined in this Appendix 1 shall have the same definitions as in the Plan and/or the Agreement (as applicable). The terms and conditions in Part A apply to all Employees outside the United States. The country-specific terms and conditions in Part B will also apply to Employee if they reside in one of the countries listed below. Terms and Conditions This Appendix includes additional country-specific terms and conditions that govern PSUs if they reside and/or work in one of the countries listed herein. If Employee is a resident of a country other than the one in which they currently reside and/or work, relocates to another country after the PSUs are granted, or are considered a resident of another country for local law purposes, the terms and conditions of the PSUs contained herein may not be applicable to Employee, and Newmont shall, in its discretion, determine to what extent the terms and conditions contained herein shall apply to Employee. Notifications This Appendix also includes information regarding certain issues of which Employee should be aware with respect to their participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries as of February 2025. Such laws are often complex and change frequently. As a result, Employee should not rely on the information in this Appendix as the only source of information relating to the consequences of their participation in the Plan because the information may be out of date at the time that Employee’s PSUs vest or they sell shares of Common Stock acquired under the Plan. In addition, the information contained herein is general in nature and may not apply to Employee’s particular situation, and Newmont is not in a position to assure Employee of a particular result. Accordingly, Employee should seek appropriate professional advice as to how the relevant laws in their country may apply to their situation. Finally, if Employee is a resident of a country other than the one in which they currently reside and/or work, transfer employment after the PSUs are granted, or they are considered a resident of another country for local law purposes, the information contained herein may not apply to Employee.

9 - A. ALL NON-U.S. COUNTRIES TERMS AND CONDITIONS The following additional terms and conditions will apply to Employee if they reside in any country outside the United States. 1. Nature of Grant. The following provisions supplement Section 6 of the Agreement: (a) the grant of PSUs under the Plan at one time does not in any way obligate Newmont or its Subsidiaries to grant additional PSUs in any future year or in any given amount. (b) the grant of PSUs and Employee’s participation in the Plan shall not create a right to employment or be interpreted as forming or amending an employment or service contract with Newmont and shall not interfere with the ability of the Employer to terminate Employee’s employment or service relationship (if any). (c) the PSUs should in no event be considered as compensation for, or relating in any way to, past services for Newmont, the Employer or any Subsidiary. (d) Employee further acknowledges and understands that Employee’s participation in the Plan is voluntary and that the PSUs and any future PSUs under the Plan are wholly discretionary in nature, the value of which do not form part of any normal or expected compensation for any purposes, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments, bonuses, holiday pay, long-service awards, pension or retirement benefits or similar mandatory payments, other than to the extent required by local law. (e) Employee acknowledges and understands that the future value of the shares of Common Stock acquired by Employee under the Plan is unknown and cannot be predicted with certainty and that no claim or entitlement to compensation or damages arises from the (i) forfeiture of the PSUs resulting from termination of service (for any reason whatsoever and whether or not in breach of local labor laws and whether or not later found to be invalid) and/or (ii) forfeiture of the PSUs or recoupment of any shares of Common Stock, cash or other benefits acquired pursuant to the PSUs resulting from the application of Section 9(l) of the Agreement. (f) Employee acknowledges and understands the PSUs and the shares of Common Stock subject to the PSUs, and the income and value of the same, are not intended to replace any pension rights or compensation. (g) Employee acknowledges for the purposes of the PSUs, their employment will be considered terminated as of the date they are no longer actively providing services to Newmont, the Employer or any Subsidiary (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Employee is employed or the terms of their employment Agreement, if any), and unless otherwise expressly provided in this Agreement or determined by Newmont, if any, will terminate as of such date and will not be extended by any notice period (e.g., Employee’s period of service would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where the Employee is employed or the terms of their employment Agreement, if any); the Newmont Committee shall have the exclusive discretion to determine when Employee is no longer actively providing services for purposes of their PSU grant (including whether Employee may still be considered to be providing services while on a leave of absence). (h) Employee acknowledges and understands that unless otherwise agreed with Newmont, the PSUs and the shares of Common Stock subject to the PSUs, and the income and value of the same, are not granted as consideration for, or in connection with the service they may provide as a director of a Subsidiary of Newmont.

10 - (i) Employee acknowledges and understands the PSUs and the share of Common Stock subject to the PSUs and the income and value of the same, are not part of normal or expected compensation salary for any purpose. (j) Employee acknowledges and understands that neither Newmont, the Employer nor any other Affiliate of Newmont shall be liable for any foreign exchange rate fluctuation between their local currency and the United States Dollar that may affect the value of the PSU or of any amounts due to Employee pursuant to the settlement of the PSU or the subsequent sale of any shares of Common Stock acquired upon settlement. 2. Data Privacy Information and Consent. Newmont headquarters is located at 6900 E. Layton Ave., Suite 700, Denver, Colorado 80237, U.S.A., and grants awards to employees of Newmont and its Subsidiaries, at Newmont’s sole discretion. If Employee would like to participate in the Plan, please review the following information about Newmont’s data processing practices and declare Employee’s consent. (a) Data Collection and Usage. Newmont collects, processes and uses personal data of Employees, including name, home address, email address and telephone number, date of birth, social insurance number or other identification number, salary, citizenship, job title, any shares of Common Stock or directorships held in Newmont, and details of all awards or other entitlements to shares of Common Stock, granted, canceled, exercised, vested, unvested or outstanding in Employee’s favor (“Data”), which Newmont receives from Employee or the Employer. In connection with the grant of the PSU, Newmont will collect Employee’s Data for purposes of administering Employee’s participation in the Plan. Newmont’s legal basis for the processing of Employee’s Data, where required, if Employee’s consent. (b) Stock Plan Administration Service Providers. Newmont transfers Data to Fidelity Investments, an independent service provider based in the United States, which assists Newmont with the implementation, administration and management of the Plan. In the future, Newmont may select a different service provider and share Employee’s Data with another company that serves in a similar manner. Newmont’s service provider will open an account for Employee to receive shares of Common Stock. Employee may be asked to agree on separate terms and data processing practices with the service provider, which is a condition to Employee’s ability to participate in the Plan. (c) International Data Transfers. Newmont and its service providers are based in the United States. If Employee is outside the United States, Employee should note that their country has enacted data privacy laws that are different from the United States. Newmont’s legal basis for the transfer of Employee’s Data is their consent. (d) Data Retention. Newmont will use Employee’s Data only as long as is necessary to implement, administer and manage Employee’s participation in the Plan or as required to comply with legal or regulatory obligations, including under tax, exchange control, labor and security laws. This period may extend beyond Employee’s period or employment with the Employer. When Newmont or the Employer no longer need Data for any of the above purposes, they will cease processing it in this context and remove it from all of their systems used for such purposes to the fullest extent practicable. (e) Voluntariness and Consequences of Denial or Withdrawal. Employee’s participation in the Plan and Employee’s grant of consent is purely voluntary. Employee may deny or withdraw their consent at any time. If Employee does not consent, or if Employee withdraws their consent, Employee cannot participate in the Plan. This would not affect Employee’s salary as an employee or their career; Employee would merely forfeit the opportunities associated with the Plan. (f) Data Subject Rights. Employee has a number of rights under data privacy laws in their country. Depending on where Employee is based, Employee’s rights may include the right to (i) request access or copies of Data Newmont processes, (ii) rectification of incorrect Data, (iii) deletion of Data, (iv) restrict the

11 - processing of Data, (v) restrict the portability of Data, (vi) lodge complaints with the competent tax authorities in Employee’s country, and/or (vii) receive a list with the names and addresses of any potential recipients of Data. To receive clarification regarding Employee’s rights or to exercise Employee’s rights please contact Newmont at Newmont Corporation, 6900 E. Layton Ave., Suite 700, Denver, Colorado 80237, U.S.A., attention: Director of Compensation, Newmont Corporate. If Employee agrees with the data processing practices as described in this notice, please declare Employee’s consent by clicking “Accept” on the Fidelity award acceptance page. 3. Language. Employee acknowledges that they are sufficiently proficient in English, or, alternatively, Employee acknowledges that they will seek appropriate assistance, to understand the terms and conditions in the Agreement. Furthermore, if Employee received this Agreement or any other document related to the Plan translated into a language other than English and if the meaning of the translated versions is different than the English version, the English version will control, unless otherwise required by applicable law. 4. Insider-Trading/Market-Abuse Laws. Employee acknowledges that, depending on their country or broker’s country, or the country in which Common Stock is listed, they may be subject to insider trading restrictions and/or market abuse laws in applicable jurisdictions, which may affect their ability to accept, acquire, sell or attempt to sell, or otherwise dispose of the shares of Common Stock, rights to shares of Common Stock (e.g., PSUs) or rights linked to the value of Common Stock, during such times as Employee is considered to have “inside information” regarding Newmont (as defined by the laws or regulations in applicable jurisdictions, including the United States and Employee’s country). Local insider trading laws and regulations may prohibit the cancellation or amendment of orders Employee placed before possessing inside information. Furthermore, Employee may be prohibited from (i) disclosing insider information to any third party, including fellow employees and (ii) “tipping” third parties or causing them to otherwise buy or sell securities. Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Newmont insider trading policy. Employee acknowledges that it is their responsibility to comply with any applicable restrictions, and Employee should speak to their personal advisor on this matter. 5. Foreign Asset/Account Reporting Requirements. Employee acknowledges that there may be certain foreign asset and/or account reporting requirements which may affect their ability to acquire or hold the shares of Common Stock acquired under the Plan or cash received from participating in the Plan (including from any dividends paid on the shares of Common Stock acquired under the Plan) in a brokerage or bank account outside their country. Employee may be required to report such accounts, assets or transactions to the tax or other authorities in their country. Employee also may be required to repatriate sale proceeds or other funds received as a result of participating in the Plan to their country through a designated bank or broker within a certain time after receipt. Employee acknowledges that it is their responsibility to be compliant with such regulations, and they should speak to their personal advisor on this matter. 6. General. Notwithstanding the provisions of the Agreement, if Newmont develops a good faith belief that any provision may be found to be unlawful, discriminatory or against public policy in any relevant jurisdiction, then Newmont in its sole discretion may choose not to apply such provision to the PSU, nor any PSU grant in Employee’s jurisdiction.

12 - B. COUNTRY-SPECIFIC ADDITIONAL TERMS AND CONDITIONS ARGENTINA Notifications Securities Law Notification. Neither the PSUs nor the underlying shares of Common Stock are publicly offered or listed on any stock exchange in Argentina and, as a result, have not been and will not be registered with the Argentine Securities Commission (Comisión Nacional de Valores). The Agreement, this Appendix and any other offering material related to the PSUs, as well as the underlying shares of Common Stock, may not be used in connection with any general offering to the public in Argentina. Argentine residents who receive PSUs under the Plan do so according to the terms of a private offering made from outside Argentina. Exchange Control Notification. It is Employee’s responsibility to comply with any and all Argentine currency exchange restrictions, approvals, and reporting requirements in connection with the PSUs. Foreign Asset / Account Reporting Notification. If Employee is an Argentine tax resident, Employee must report any shares of Common Stock acquired under the Plan and held by Employee on December 31st of each year on their annual tax return for that year. AUSTRALIA Notifications Securities Law Notification. The offer of PSUs is being made under Division 1A, Part 7.12 of the Australian Corporations Act 2001 (Cth). Tax Information. The Plan is a plan to which Subdivision 83A-C of the Income Tax Assessment Act 1997 (Cth) applies (subject to the conditions in the Act). Exchange Control Information. Exchange control reporting is required for cash transactions exceeding A$10,000 and international fund transfers. The Australian bank assisting with the transaction will file the report. If there is no Australian bank involved in the transfer, Employee will be required to file the report. CANADA Terms and Conditions Nature of the Grant. The following provisions replaces Sections 1(d) and (e) of Part A of this Appendix. (d) Employee further acknowledges and understands that Employee’s participation in the Plan is voluntary and that the PSUs and any future PSUs under the Plan are wholly discretionary in nature, and, except as explicitly and minimally required under applicable legislation, the RSUs and any Shares issued upon vesting of the RSUs do not form part of any normal or expected compensation for any purposes, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments, bonuses, holiday pay, long-service awards, pension or retirement benefits or similar mandatory payments, other than to the extent required by local law. (e) Employee acknowledges and understands that the future value of the shares of Common Stock acquired by Employee under the Plan is unknown and cannot be predicted with certainty and that, except as explicitly and minimally required under applicable legislation, no claim or entitlement to compensation or damages arises from the (i) forfeiture of the PSUs resulting from termination of service (for any reason whatsoever and whether or not

13 - in breach of local labor laws and whether or not later found to be invalid) and/or (ii) forfeiture of the PSUs or recoupment of any shares of Common Stock, cash or other benefits acquired pursuant to the PSUs resulting from the application of any recoupment or clawback policy of Newmont, as it may be amended from time to time (whether such policy is adopted on or after the date of this Agreement) or any recoupment otherwise required by applicable laws, regulations or stock exchange listing standards. Vesting/Termination. The following provision supplements Section 3 of the Agreement and replaces Section 1(g) of Part A of this Appendix: For purposes of the Agreement, except as otherwise provided for in Section 3 of the Agreement, of the Agreement, in the event Employee ceases their employment or service relationship with Newmont or Employer (for any reason whatsoever and whether or not later found to be invalid or in breach of local labor laws), Employee’s right to vest in the PSUs will terminate as of the date that is the earliest of: (a) the date Employee's employment with the Employer is terminated for any reason; and (b) the date Employee receives written notice of termination from the Employer; regardless of any period during which notice, pay in lieu of notice or related payments or damages are provided or required to be provided under local law. For greater certainty, Employee will not earn or be entitled to any pro-rated vesting for that portion of time before the date on which their right to vest terminates, nor will Employee be entitled to any compensation for lost vesting. Notwithstanding the foregoing, if applicable employment standards legislation explicitly requires continued vesting during a statutory notice period, Employee's right to vest in the PSUs, if any, will terminate effective upon the expiry of the minimum statutory notice period, but Employee will not earn or be entitled to pro-rated vesting if the vesting date falls after the end of the statutory notice period, nor will you be entitled to any compensation for lost vesting. In any event, if employment standards legislation explicitly requires continued vesting during a statutory notice period, then the additional vesting provided under except as otherwise provided for in Section 3 of the Agreement, is deemed to be inclusive of any entitlements that arise during the applicable statutory notice period. The following provisions apply if Employee is a resident of Quebec: French Language Documents. A French translation of certain documents related to the Plan will be made available to Employee as soon as reasonably practicable. Notwithstanding the provisions of Section 3 of Part A of this Appendix, to the extent required by applicable law and unless Employee indicates otherwise, the French translation of such documents will govern Employee's participation in the Plan. Documents en Langue Française. Une traduction française de certains documents relatifs au Plan sera mise à la disposition du Employee dès que cela sera raisonnablement possible. Nonobstant les dispositions de l'article 3 de la Partie A de la présente Annexe, dans la mesure requise par la loi applicable et à moins que l'Employee n'indique le contraire, la traduction française de ces documents régira la participation du Employee au Plan. Data Privacy. The following provision supplements Section 2 of Part A of this Appendix: Employee hereby authorizes Newmont and its representatives to discuss with and obtain all relevant information from all personnel, professional or not, involved in the administration and operation of the Plan. Employee further authorizes Newmont, any parent or Subsidiary of Newmont, and any stock plan service provider that may be selected by Newmont to assist with the Plan to disclose and discuss the Plan with their respective advisors. Employee further authorizes Newmont and any parent or Subsidiary of Newmont to record such information and to keep such information in Employee’s employee file. Employee acknowledges and agrees that their personal information, including sensitive personal information, may be transferred or disclosed outside of the province of Quebec, including to the United States. Finally, Employee acknowledges and authorizes Newmont and other parties involved in the administration of the Plan to use technology for profiling purposes and to make automated decisions that may have an impact on Employee or the administration of the Plan.

14 - Notifications Securities Law Information. Employee is permitted to sell shares of Common Stock acquired through the Plan through the designated broker appointed under the Plan, if any, provided the resale of shares of Common Stock acquired under the Plan takes place outside Canada through the facilities of a stock exchange on which the shares of Common Stock are listed on the New York Stock Exchange. Foreign Asset/Account Reporting Information. Canadian residents are required to report foreign specified property, including shares of Common Stock and rights to receive shares of Common Stock (e.g., PSUs), on form T1135 (Foreign Income Verification Statement) if the total cost of the foreign specified property exceeds C$100,000 at any time during the year. PSUs must be reported (generally, at a nil cost) if the C$100,000 cost threshold is exceeded because of other foreign specified property held by Employee. When shares of Common Stock are acquired, their cost generally is the adjusted cost base (“ACB”) of the shares of Common Stock. The ACB would ordinarily equal the fair market value of the shares of Common Stock at the time of acquisition, but if Employee owns other shares of Common Stock, this ACB may have to be averaged with the ACB of the other shares of Common Stock. CHILE Notifications Securities Law Information. The award of RSUs constitutes a private offering of securities in Chile effective as of the date of grant, and is expressly subject to general ruling N° 336 of the Chilean Commission for the Financial Market (“CMF”). The award of RSUs refers to securities not registered at the securities registry or at the foreign securities registry of the CMF, and, therefore, such securities is not subject to oversight of the CMF. Given that the shares of Common Stock underlying the PSUs are not registered in Chile, Newmont is not required to provide public information about the PSUs or the shares of Common Stock in Chile. Unless the RSUs and/or the shares of Common Stock are registered with the CMF, a public offering of such securities cannot be made in Chile. Foreign Asset/Account Reporting Information. The CIRS requires all taxpayers to provide information annually regarding (i) the results of investments held abroad and (ii) any taxes paid abroad which the taxpayers will use as credit against Chilean income tax. The sworn statements disclosing this information (or Formularios) must be reported on Form 1929 and submitted electronically through the CIRS website (www.sii.cl) before July 1 of each year, depending on the assets and/or taxes being reported. If Employee fails to meet the above requirements, Employee may be ineligible to receive certain foreign tax credits. Given these requirements are subject to change, Employee should consult with their personal tax advisor to determine Employee's reporting obligations to the CIRS. Exchange Control Notification. Employee may receive foreign currency abroad as a result of the acquisition of shares of Common Stock and freely decide whether to repatriate such currency to Chile or keep it abroad. However, if Employee repatriates currency, and such amounts exceed USD 10,000, the proceeds must be remitted using the formal exchange market. It is not necessary to convert the repatriated funds into Chilean currency. Given these requirements are subject to change, Employee should consult with their personal advisor to determine Employee's obligations. FIJI There are no country-specific provisions.

15 - FRANCE Terms and Conditions Consent to Receive Information in English. By accepting the Agreement providing for the terms and conditions of Employee’s grant, Employee confirms having read and understood the documents relating to this grant (the Plan and the Agreement) which were provided in English language. Employee accepts the terms of those documents accordingly. Consentement relatif à la réception d’informations en langue anglaise. En acceptant le Contrat d’Attribution décrivant les termes et conditions de l’attribution, le salarié confirme avoir lu et compris les documents relatifs à cette attribution (le Plan et le Contrat d’Attribution) qui ont été communiqués en langue anglaise. Le salarié accepte les termes de ces documents en connaissance de cause. Notifications Non-Tax-Qualified Award. Employee understands and agrees that the Award is not intended to qualify for specific tax and social security treatment in France under Sections L. 225-197-1 to L. 225-197-6-1 of the French Commercial Code, as amended. Foreign Asset/Account Reporting Information. If Employee holds shares of Common Stock outside France or maintains a foreign bank or brokerage account (including Employee’s Fidelity account), they should report such shares of Common Stock and account, whether open, current or closed, to the French tax authorities on their annual tax return. GHANA There are no country-specific provisions. INDONESIA Language Consent and Notification. By accepting the PSUs, Employee (i) confirms having read and understood the documents relating to this grant (i.e., the Plan and the Agreement) which were provided in the English language, (ii) accepts the terms of those documents accordingly, and (iii) agrees not to challenge the validity of this document based on Law No. 24 of 2009 on National Flag, Language, Coat of Arms and National Anthem or the implementing Presidential Regulation (when issued). Persetujuan dan Pemberitahuan Bahasa .Dengan menerima pemberian Unit Saham Terbatas (PSUs) ini, Karyawan (i) memberikan konfirmasi bahwa dirinya telah membaca dan memahami dokumen-dokumen berkaitan dengan pemberian ini (yaitu, Perjanjian Penghargaan dan Program) yang disediakan dalam Bahasa Inggris, (ii) menerima persyaratan di dalam dokumen-dokumen tersebut, dan (iii) setuju untuk tidak mengajukan keberatan atas keberlakuan dari dokumen ini berdasarkan Undang-Undang No. 24 Tahun 2009 tentang Bendera, Bahasa dan Lambang Negara serta Lagu Kebangsaan ataupun Peraturan Presiden sebagai pelaksanaannya (ketika diterbitkan) Exchange Control Notification. If Employee remits funds (including proceeds from the sale of shares of Common Stock) into Indonesia, the Indonesian bank through which the transaction is made will submit a report of the transaction to Bank Indonesia for statistical reporting purposes. For transactions in excess of a certain threshold, a more detailed description of the transaction must be included in the report and Employee may be required to provide information about the transaction (e.g., Employee’s relationship with the transferor of the funds, the source of the funds, etc.) to the bank in order for the bank to complete the report. In addition, Employee may be

16 - required to provide the Bank Indonesia with information on foreign exchange activities, which may include shares of Common Stock held outside Indonesia, on a monthly basis. The reporting should be completed online through Bank Indonesia’s website, by no later than the 15th day of the following month. MEXICO Terms and Conditions Plan Document Acknowledgement. By accepting the PSUs, Employee acknowledges that they have received a copy of the Plan, the Grant Acknowledgement, and the Agreement, including this Appendix, which Employee has reviewed. Employee acknowledges further that they accept all the provisions of the Plan, the Grant Acknowledgement, and the Agreement, including this Appendix. Employee also acknowledges that they have read and specifically and expressly approve the terms and conditions set forth in Section 1 (“Nature of Grant”) in this Appendix, which clearly provides as follows: (1) Employee’s participation in the Plan does not constitute an acquired right; (2) The Plan and Employee’s participation in it are offered by Newmont on a wholly discretionary basis; (3) Employee’s participation in the Plan is voluntary; and (4) Newmont and its Subsidiaries are not responsible for any decrease in the value of any shares of Common Stock acquired at vesting and settlement of the PSUs. Labor Law Policy and Acknowledgment. By accepting the PSUs, Employee expressly recognizes that Newmont, with registered offices at 6900 E. Layton Ave., Suite 700, Denver, Colorado 80237, U.S.A., is solely responsible for the administration of the Plan and that Employee’s participation in the Plan and acquisition of shares of Common Stock do not constitute an employment relationship between Employee and Newmont since Employee is participating in the Plan on a wholly commercial basis and their sole employer is Newmont’s Subsidiary in Mexico (“Newmont Mexico”). Based on the foregoing, Employee expressly recognizes that the Plan and the benefits that they may derive from participating in the Plan do not establish any rights between Employee and the employer, Newmont Mexico, and do not form part of the employment conditions and/or benefits provided by Newmont Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of Employee’s employment. Employee further understands that their participation in the Plan is as a result of a unilateral and discretionary decision of Newmont; therefore, Newmont reserves the absolute right to amend and/or discontinue Employee’s participation at any time without any liability to Employee. Finally, Employee hereby declares that they do not reserve to themself any action or right to bring any claim against Newmont for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and Employee therefore grants a full and broad release to Newmont, and its subsidiaries, branches, representative offices, stockholders, directors, officers, employees, agents, or legal representatives with respect to any claim that may arise. Spanish Translation Reconocimiento del Documento del Plan Al aceptar el Premio de Desempeño (“PSUs”), el Empleado reconoce que ha recibido una copia del Plan, el Reconocimiento de la Subvención y en los términos del Acuerdo de PSUs, con inclusión de este Apéndice, que el Empleado ha revisado. El Empleado reconoce, además, que acepta todas las disposiciones del Plan, el

17 - Reconocimiento de la Subvención, y en los términos del Acuerdo de PSUs, incluyendo este Apéndice. El Empleado también reconoce que ha leído y que concretamente aprueba de forma expresa los términos y condiciones establecidos en la Sección 1 (“Naturaleza de la Subvención”) del Apéndice, que claramente dispone lo siguiente: (1) La participación del Empleado en el Plan no constituye un derecho adquirido; (2) El Plan y la participación del Empleado en el Plan se ofrecen por Newmont en su discrecionalidad total; (3) Que la participación del Empleado en el Plan es voluntaria; y (4) Newmont y sus Subsidiarias no son responsables de ninguna disminución en el valor de las acciones adquiridas al conferir los PSUs. Política Laboral y Reconocimiento Al aceptar las PSUs, el Empleado expresamente reconoce que Newmont, con sus oficinas registradas y ubicadas en 6900 E. Layton Ave., Suite 700, Denver, Colorado 80237, U.S.A., es la única responsable por la administración del Plan y que la participación del Empleado en el Plan y en su caso la adquisición de Acciones no constituyen una relación de trabajo entre el Empleado y Newmont, ya que el Empleado participa en el Plan en un marco totalmente comercial y su único patrón es el Subsidiario de Newmont en Mexico (“Newmont Mexico”). Derivado de lo anterior, el Empleado expresamente reconoce que el Plan y los beneficios que pudieran derivar de la participación en el Plan no establecen derecho alguno entre el Empleado y el patrón, Newmont Mexico, y no forma parte de las condiciones de trabajo y/o las prestaciones otorgadas por Newmont Mexico, y que cualquier modificación al Plan o su terminación no constituye un cambio o desmejora de los términos y condiciones de la relación de trabajo del Empleado. Asimismo, el Empleado reconoce que su participación en el Plan se ha resultado de una decisión unilateral y discrecional de Newmont; por lo tanto, Newmont se reserva el derecho absoluto de modificar y/o terminar la participación del Empleado en cualquier momento y sin responsabilidad alguna frente el Empleado. Finalmente, el Empleado por este medio declara que no se reserva ninguna derecho o acción en contra de Newmont por cualquier compensación o daños y perjuicios en relación de las disposiciones del Plan o de los beneficios derivados del Plan, y por lo tanto, el Empleado otorga el más amplio finiquito que en derecho proceda a Newmont, y sus Subsidiarias, oficinas de representación, accionistas, directores, autoridades, empleados, agentes, o representantes legales en relación con cualquier demanda que pudiera surgir. Notifications Securities Law Information. The PSUs and the shares of Common Stock offered under the Plan have not been registered with the National Register of Securities maintained by the Mexican National Banking and Securities Commission and cannot be offered or sold publicly in Mexico. In addition, the Plan, the Agreement and any other document relating to the PSUs may not be publicly distributed in Mexico. These materials are addressed to Employee only because of their existing relationship with Newmont and these materials should not be reproduced or copied in any form. The offer contained in these materials does not constitute a public offering of securities but rather constitutes a private placement of securities addressed specifically to individuals who are present employees of the Employer made in accordance with the provisions of the Mexican Securities Market Law, and any rights under such offering shall not be assigned or transferred.

18 - PAPUA NEW GUINEA Terms and Conditions Award Settlement. Notwithstanding any provision in the Agreement to the contrary, if deemed by Newmont to be necessary for regulatory reasons, Newmont reserves the right to settle PSUs by payment in cash or its equivalent of an amount equal in value to the shares of Common Stock subject to the vested PSUs. Notifications Exchange Control Information. Before receiving funds from the sale of any securities abroad, Employee will need to apply for and receive an Income Tax Clearance Certificate from the taxation authorities in Papua New Guinea, which Employee must then lodge with the appropriate Bank of Papua New Guinea notification form with the commercial bank in which the transaction takes place. PERU Terms and Conditions Labor Law Acknowledgement. The following provision supplements Section 8 of the Agreement and Section 1 of Part A of this Appendix: In accepting this Agreement, Employee acknowledges that the PSUs are being granted ex gratia to Employee with the purpose of rewarding them. Notifications Securities Law Information. The offer of the PSUs is considered a private offering in Peru; therefore, it is not subject to registration. For more information concerning this offer, please refer to the Plan, the Agreement and any other grant documents made available by Newmont. SOUTH AFRICA Terms and Conditions Taxes. The following provision supplements Section 5 of the Agreement: By accepting the PSUs, Employee agrees that, immediately upon settlement of the PSUs, Employee will notify the Employer of the amount of any gain realized at vesting. Employee will be solely responsible for paying any difference between the actual liability for Tax-Related Items and the amount withheld. Deemed Acceptance of PSUs. Pursuant to Section 96 of Companies Act 71 of 2008 (the "Companies Act"), the RSU offer must be finalized within six months following the date the offer is communicated to Employee. If Employee does not want to accept the PSUs, Employee is required to decline the award no later than six months following the date the offer is communicated to Employee. If Employee does not reject the RSUs within six months following the date the offer is communicated to Employee, Employee will be deemed to accept the PSUs. Notifications Securities Law Notification. Neither the PSUs nor the underlying shares of Common Stock shall be publicly offered or listed on any stock exchange in South Africa. The offer is intended to be private

19 - pursuant to Section 96 of the Companies Act and is not subject to the supervision of any South African governmental authority. Exchange Control Notification. Because exchange control regulations are subject to frequent change, sometimes without notice, Employee should consult their personal legal advisor prior to the settlement of the PSUs to ensure compliance with current regulations. Employee is solely responsible for ensuring compliance with all exchange control laws in South Africa. SURINAME Terms and Conditions Award Settlement. Notwithstanding any provision in the Agreement to the contrary, if deemed by Newmont to be necessary for regulatory reasons, Newmont reserves the right to settle PSUs by payment in cash or its equivalent of an amount equal in value to the shares of Common Stock subject to the vested PSUs.

20 - APPENDIX 2 Performance Metrics and Payout Factor Schedule: The payout factor shall be determined by Newmont’s performance on the following three performance metrics during the performance period based on the weighting of each metric below: Relative Total Shareholder Return Return on Capital Employed Sustainability Scope 1 & 2 Emission Reduction Key Project Milestones 60% 30% 10% 1) Relative Total Shareholder Return (“TSR”) relative to the TSR of the members of the Index Group at the end of the TSR Performance Period. Any company that goes bankrupt will have a TSR of -100%. Acquired companies will be excluded. A payout will be based on the following payout factor schedule: Percentile Payout 80th percentile 200% 75th percentile 180% 55th percentile 100% 25th percentile 50% Below 25th percentile 0% Interpolation shall be used between the above percentiles. 2) Return on Capital Employed Threshold (50% payout) Target (100% payout) Maximum (200% payout) 8.3% 9.3% 10.3%

21 - 3) Scope 1 & 2 Emission Reduction Key Project Milestones Threshold (50% payout) Target (100% payout) Maximum (200% payout)  Execute Cadia Power Purchase Agreement (PPA) (Forest Glen Solar Farm)  Execute Boddington PPA (Collgar Wind Farm)  Threshold AND  Advancement of Energy Management System through Stage 2A (advance prefeasibility)  Target AND  Advance PPA 4 for Cadia through prefeasibility and Advance PPA 2 for Boddington through prefeasibility In the event that Absolute Total Shareholder Return over the TSR Performance Period is negative, the PSU payout factor shall be capped at 100% for all metrics. Additionally, the total value maximum of any calculated PSU award shall not exceed four times the dollar value of the Target PSU award. In the event this maximum amount is exceeded, the PSU award shall be reduced to a number of shares equaling four times the dollar value of the Target PSU award divided by the average closing price of Common Stock for the 30 trading days, excluding the final 5 trading days, on the New York Stock Exchange of the TSR Performance Period, rounded down to the nearest whole share.

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Exhibit 10.22 NEWMONT CORPORATION 2020 STOCK INCENTIVE COMPENSATION PLAN 2025 RESTRICTED STOCK UNIT AGREEMENT This 2025 Restricted Stock Unit Agreement, including any country-specific terms and conditions set forth in any appendix hereto (the “Agreement”), dated February 24, 2025, is made between Newmont Corporation (“Newmont”) and “Employee,” as specified in their Grant Summary and Grant Acknowledgment (collectively, the “Grant Acknowledgment”). The Grant Acknowledgment is set forth on the Fidelity online employee portal. The Grant Acknowledgment is incorporated by reference herein. This Agreement shall be deemed executed by the Employee upon their electronic execution of the Grant Acknowledgment. All capitalized terms that are not defined herein shall have the meaning as defined in the Newmont Corporation 2020 Stock Incentive Compensation Plan (“Plan”). 1. Award of Restricted Stock Units. Newmont hereby grants to Employee the vest in the number of Restricted Stock Units (the “RSUs”) specified herein and/or in the Grant Acknowledgment, pursuant to the terms and subject to the conditions and restrictions set forth in this Agreement and the Plan. Each RSU granted represents an unfunded right to receive one share of Newmont Common Stock, subject to the conditions and restrictions set forth in this Agreement and the Plan. 2. Vesting Period. The RSUs will vest in accordance with the vesting schedule set forth below, provided Employee remains employed by Newmont or one of its Subsidiaries through the applicable vesting date, or unless otherwise provided in this Agreement: February 24, 2026 [insert number of shares] February 24, 2027 [insert number of shares] February 24, 2028 [insert number of shares] 3. Termination. Notwithstanding Section 2 above, the RSUs will vest as stated below in the following specific circumstances: A. Termination of Employment for death, disability, and following change of control. If (i) Employee dies, or (ii) Employee’s employment with Newmont or any Subsidiary terminates by reason of (a) disability (as determined under the terms of any applicable long-term disability plan of Newmont), or (b) termination of employment entitling Employee to benefits under the Executive Change of Control Plan of Newmont or the Change of Control Plan of Newmont, the outstanding RSUs subject to this Agreement shall become fully vested and nonforfeitable, as of the date of Employee’s death or termination of employment. B. Termination of Employment under a Severance Plan of Newmont. If Employee terminates employment with Newmont or any Subsidiary and receives, after execution (and non-revocation, if applicable) of a waiver and release agreement: (i) severance benefits under the Severance Plan for Salaried Employees of Newmont or the Severance Plan for Section 16 Officers of Newmont (collectively “Severance Plans”), or; (ii) separation benefits for any involuntary termination, other than an involuntary termination for Cause or that could have been for Cause (as defined in Section 2(h) of the Plan), for Employees not eligible for benefits under either of the Severance Plans; a pro-rata percentage of the RSUs will vest as of the date of Employee’s employment termination in accordance with the following formula, and the remaining RSUs will be forfeited:

2 - RSUs vested = Total RSUs Covered by This Agreement X Days Elapsed From Date of Grant to Date of Termination of Employment - Prior Vestings 10951 If Employee is entitled to severance or separation benefits as contemplated in clauses (i) or (ii) above in this Section 3.B, and is also retirement eligible as defined in Section 3.C below, the RSUs shall vest in accordance with Section 3.C. below and not this Section 3.B. C. Retirement. Under this Agreement, the definition of Retirement means: (1) at least age 55; (2) at least 5 years of continuous employment with Newmont and/or any Subsidiary; and (3) a total of at least 65 when adding age plus years of continuous employment. This definition may differ from the definition of retirement in other benefits plans, such as pension plans of Newmont, and this definition shall not alter those definitions. If an Employee meets this definition of Retirement, the RSUs shall vest as follows: (i) If Employee retires within 365 days from the date of grant, a pro-rata percentage of the RSUs will vest as of the date of Employee’s employment termination in accordance with the following formula, and the remaining RSUs will be forfeited: RSUs vested = Total RSUs Covered by This Agreement X Days Elapsed From Date of Grant to Date of Termination of Employment 10951 (ii) If Employee retires more than 365 days after the date of grant, the RSUs will continue to vest in accordance with the schedule set forth in Section 2 above, despite separation of employment. D. Other Terminations. If Employee terminates employment with Newmont or any Subsidiary under circumstances other than those set forth above in Sections 3.A through 3.C, Employee agrees that any unvested RSUs will be immediately and unconditionally forfeited without any action required by Employee or Newmont as of the date of such termination of employment. E. Discretion to Apply Termination Vesting Provisions. Notwithstanding the provisions in this Section 3, if Newmont determines that any provision in this Section 3 may be found to be unlawful, discriminatory or against public policy in any relevant jurisdiction, then Newmont, in its sole discretion, may choose not to apply such provision to the RSUs. 4. No Ownership Rights Prior to Issuance of Common Stock. Employee shall not have any rights as a stockholder of Newmont with respect to the shares of Common Stock underlying the RSUs, including but not limited to the right to vote with respect to such shares of Common Stock, until and after the shares of Common Stock have been issued to Employee and transferred on the books and records of Newmont; provided, however, at the time that the Shares are delivered to Employee in settlement of the vested RSUs, Newmont shall make a cash payment to Employee equal to any dividends paid with respect to shares of Common Stock underlying such RSUs 1 For leap years, the denominator is 1096.

3 - from the date of grant of the RSUs until the date such RSUs vest, minus any applicable Tax-Related Items (as defined in Section 5 below). 5. Withholding Taxes. Employee acknowledges that, regardless of any action taken by Newmont or, if different, their employer (the “Employer”), the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to Employee's participation in the Plan and legally applicable or deemed by Newmont or the Employer, in its discretion, to be an appropriate charge to Employee even if legally applicable to Newmont or the Employer (“Tax-Related Items”) is and remains Employee’s responsibility and may exceed the amount actually withheld by Newmont or the Employer. Employee further acknowledges that Newmont and/or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the RSUs, including, but not limited to, the grant, vesting or settlement of the RSUs, the subsequent sale of shares of Common Stock acquired pursuant to such settlement and the receipt of any dividends and/or any dividend equivalents; and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the RSUs to reduce or eliminate Employee’s liability for Tax-Related Items or achieve any particular tax result. Further, if Employee is subject to Tax-Related Items in more than one jurisdiction, they acknowledge that Newmont and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. Prior to any relevant taxable or tax withholding event, as applicable, Employee agrees to make adequate arrangements satisfactory to Newmont and/or the Employer to satisfy all Tax-Related Items. In this regard, Employee authorizes Newmont or its agent to satisfy any applicable withholding obligations with regard to all Tax-Related Items (including, for the avoidance of doubt, U.S. Federal Insurance Contribution Act taxes or other tax-related items that become payable in a year prior to the year in which shares of Common Stock are issued upon settlement of the RSUs and on a date when Employee is in the employ of Employer) by withholding a number of whole shares of Common Stock to be issued upon settlement of the RSUs. If Newmont determines in its discretion that withholding in shares of Common Stock is not permissible or advisable under applicable local law or due to adverse accounting consequences, Newmont may satisfy its obligations for Tax- Related Items by one or a combination of the following: (a) withholding from Employee’s wages or other cash compensation paid to Employee by Newmont and/or the Employer; (b) withholding from proceeds of the sale of shares of Common Stock acquired upon vesting/settlement of the RSUs either through a voluntary sale or through a mandatory sale arranged Newmont (on Employee’s behalf pursuant to this authorization); or (c) any other method of withholding determined by the Committee and permitted under the Plan and applicable laws. Newmont may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates in Employee’s jurisdiction(s), including maximum applicable rates, to the extent permitted by the Plan. In the event of over-withholding, Employee may receive a refund of any over-withheld amount in cash (with no entitlement to the equivalent in Common Stock) or if not refunded, Employee may need to seek a refund from the local tax authorities. In the event of under-withholding, Employee may be required to pay any additional Tax-Related Items directly to the applicable tax authority or to the Company and/or the Employer. If the obligation for Tax-Related Items is satisfied by withholding in shares of Common Stock, for tax purposes, Employee is deemed to have been issued the full number of shares of Common Stock subject to the vested RSUs, notwithstanding that a number of the shares of Common Stock are held back solely for the purpose of paying the Tax-Related Items.

4 - Notwithstanding anything in this Section 5 to the contrary, to avoid a prohibited distribution under Section 409A of the Code, if shares of Common Stock underlying the RSUs will be withheld (or sold on Employee’s behalf) to satisfy any Tax-Related Items arising prior to the date of settlement of the RSUs for any portion of the RSUs that is considered nonqualified deferred compensation subject to Code Section 409A, then the number of shares of Common Stock withheld (or sold on Employee’s behalf) shall not exceed the number of shares of Common Stock that equals the liability for the Tax-Related Items. Finally, Employee agrees to pay to Newmont or the Employer, any amount of Tax-Related Items that Newmont or the Employer may be required to withhold or account for as a result of their participation in the Plan that cannot be satisfied by the means previously described. Newmont may refuse to issue or deliver the shares or the proceeds of the sale of shares of Common Stock, if Employee fails to comply with their obligations in connection with the Tax-Related Items. 6. Delivery of Shares of Common Stock. (a) As soon as reasonably practicable, but in any event within 30 days, following the date of vesting pursuant to Section 2 or 3, the number of RSUs that become vested shall be settled in previously authorized but unissued shares of Common Stock. (b) Notwithstanding the foregoing, if the RSUs are considered non-qualified deferred compensation subject to Section 409A of the Code, as determined in the sole discretion of the Company, and the Employee is a U.S. Taxpayer, RSUs that are no longer subject to a substantial risk of forfeiture, as determined in accordance with Section 409A of the Code, shall be settled on the earliest to occur of (i) the Vesting Date, (ii) Employee’s “Disability” meeting the definitional requirements of Section 409A of the Code, (iii) Employee’s death, (iv) “change in control event” within the meaning of U.S. Treas. Reg. § 1.409A-3(i)(5) (a “409A CIC Event”), and (iii) a “separation from service” within the meaning of Section 409A of the Code (a “Separation from Service”) that occurs following a “change in control event” within the meaning of U.S. Treas. Reg. § 1.409A-3(i)(5), provided that if the Employee is a “specified employee” within the meaning of Section 409A of the Code on the date the Employee experiences a Separation from Service, then the RSUs shall instead be settled on the first business day of the seventh month following the Employee’s Separation from Service, to the extent such delayed payment is required in order to avoid a prohibited distribution under Section 409A of the Code. 7. Nontransferability. Employee’s interest in the RSUs and any shares of Common Stock relating thereto may not be sold, transferred, pledged, assigned, encumbered or otherwise alienated or hypothecated otherwise than by will or by the laws of descent and distribution, prior to such time as the shares of Common Stock have actually been issued and delivered to Employee. 8. Acknowledgements. Employee acknowledges receipt of and understands and agrees to the terms of this Agreement and the Plan. Employee understands and agrees to the following: (c) Employee acknowledges that the Plan and the Plan prospectus are available for Employee’s review on Fidelity.com, and Employee agrees to be bound by all of the terms and provisions thereof, including and terms and provisions of the Plan adopted after the date of this Agreement but prior to the completion of the Vesting Period. If and to the extent that any provision contained in this Agreement is inconsistent with the Plan, the Plan shall govern. (d) Employee acknowledges that as of the date of this Agreement, the Grant Acknowledgement and the Plan set forth the entire understanding between Employee and Newmont regarding the acquisition of shares of Common Stock underlying the RSUs in Newmont and supersede all prior oral and written agreements pertaining to the RSUs.

5 - (e) Employee understands that Newmont has reserved the right to amend or terminate the Plan at any time. 9. Miscellaneous (a) No Right to Continued Employment. Neither the RSUs nor any terms contained in this Agreement or the Plan shall confer upon Employee any express or implied right to be retained in the employment of any Subsidiary for any period at all, nor restrict in any way the right of any such Subsidiary, which right is hereby expressly reserved, to terminate their employment at any time with or without cause. Employee acknowledges and agrees that any right to receive delivery of shares of Common Stock is earned only by continuing as an employee of a Subsidiary at the will of such Subsidiary, or satisfaction of any other applicable terms and conditions contained in this Agreement and the Plan, and not through the act of being hired, being granted the RSUs or acquiring shares of Common Stock hereunder. (b) Compliance with Laws and Regulations. The award of the RSUs to Employee and the obligation of Newmont to deliver shares of Common Stock hereunder shall be subject to (i) all applicable federal, state, local and foreign laws, rules and regulations, and (ii) any registration, qualification, approvals or other requirements imposed by any government or regulatory agency or body which Newmont shall, in its sole discretion, determine to be necessary or applicable. Moreover, shares of Common Stock shall not be delivered hereunder if such delivery would be contrary to applicable law or the rules of any stock exchange. (c) Investment Representation. If at the time of delivery of shares of Common Stock, the Common Stock is not registered under the Securities Act of 1933, as amended (the “Securities Act”), and/or there is no current prospectus in effect under the Securities Act with respect to the Common Stock, Employee shall execute, prior to the delivery of any shares of Common Stock to Employee by Newmont, an agreement (in such form as Newmont may specify) in which Employee represents and warrants that Employee is purchasing or acquiring the shares acquired under this Agreement for Employee’s own account, for investment only and not with a view to the resale or distribution thereof, and represents and agrees that any subsequent offer for sale or distribution of any kind of such shares shall be made only pursuant to either (i) a registration statement on an appropriate form under the Securities Act, which registration statement has become effective and is current with regard to the shares being offered or sold, or (ii) a specific exemption from the registration requirements of the Securities Act, but in claiming such exemption Employee shall, prior to any offer for sale of such shares, obtain a prior favorable written opinion, in form and substance satisfactory to Newmont, from counsel for or approved by Newmont, as to the applicability of such exemption thereto. (d) Notices. Any notice or other communication required or permitted hereunder shall, if to Newmont, be in accordance with the Plan, and, if to Employee, be in writing and delivered in person or by electronic means or by registered or certified mail or by overnight courier, postage prepaid, addressed to Employee at their last known address or email address as set forth in Newmont’s records. (e) Severability. If any of the provisions of this Agreement should be deemed unenforceable, the remaining provisions shall remain in full force and effect. (f) Governing Law and Venue. Except as to matters concerning the issuance of Common Stock or other matters of corporate governance, which shall be determined, and related RSU provisions construed, under the General Corporation Law of the State of Delaware, this Agreement shall be governed by the laws of the State of Colorado, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Agreement to the substantive law of another jurisdiction. The parties hereto submit to the exclusive jurisdiction and venue of the federal or state courts of Colorado to resolve any and all issues that may arise out of or relate to this Agreement or the Plan, and Employee waives any defense to such governing law and venue, including but not limited to any defense based on subject matter or personal jurisdiction.

6 - (g) Transferability of Agreement. This Agreement may not be transferred, assigned, pledged or hypothecated by either party hereto, other than by operation of law. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns, including, in the case of Employee, their estate, heirs, executors, legatees, administrators, designated beneficiary and personal representatives. Nothing contained in this Agreement shall be deemed to prevent transfer of the RSUs in the event of Employee’s death in accordance with Section 12(b) of the Plan. (h) Section 409A. The terms of the RSUs are intended to comply with the provisions of Section 409A of the Code and the Treasury Regulations relating thereto so as not to subject Employee to the payment of additional taxes and interest under Section 409A of the Code, and this Agreement will be interpreted, operated and administered in a manner that is consistent with this intent. In furtherance of this intent, the Committee may adopt such amendments to this Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, in each case, without the consent of Employee, that the Committee determines are reasonable, necessary or appropriate to comply with the requirements of Section 409A of the Code and related United States Department of Treasury guidance. In that light, Newmont and Employer, if different, make no representation or covenant to ensure that the RSUs that are intended to be exempt from, or compliant with, Section 409A of the Code are not so exempt or compliant or for any action taken by the Committee with respect thereto. Nothing in the Agreement shall provide a basis for any person to take action against Newmont or any of its affiliates based on matters covered by Section 409A of the Code, including the tax treatment of any shares of Common Stock or other payments made under the RSUs granted hereunder, and neither Newmont nor any of its affiliates shall not under any circumstances have any liability to Employee or their estate or any other party for any taxes, penalties or interest due on amounts paid or payable under this Agreement, including taxes, penalties or interest imposed under Section 409A of the Code. [] (i) No Advice Regarding Award. Neither Newmont, nor any Subsidiary, is providing any tax, legal or financial advice, nor are they making any recommendations regarding Employee’s participation in the Plan, or their acquisition or sale of the underlying shares of Common Stock. Employee should consult with their own personal tax, legal and financial advisors regarding their participation in the Plan before taking any action related to the Plan. (j) Appendix. Notwithstanding any provisions in this Agreement, the award of RSUs shall be subject to any terms and conditions set forth in Appendix to this Agreement for Employee’s country. Moreover, if Employee relocates to, or becomes a resident of, one of the countries included in the Appendix, the terms and conditions for such country will apply to Employee, to the extent Newmont determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Appendix constitutes part of this Agreement. (k) Imposition of Other Requirements. Newmont reserves the right to impose other requirements on Employee’s participation in the Plan, on the RSUs and on any shares of Common Stock acquired under the Plan, to the extent Newmont determines it is necessary or advisable for legal or administrative reasons, and to require Employee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. (l) Clawback/Recoupment/ Disgorgement. As an additional condition of receiving this award of RSUs, Employee agrees that the RSUs, whether vested or unvested, and/or the shares of Common Stock, cash or other benefits acquired pursuant to the RSUs (and any proceeds therefrom) may be subject to clawback, recoupment, and/or disgorgement to the extent required (i) under any and all of Newmont’s clawback, recoupment, and/or disgorgement policies, as they may be amended from time to time, or (ii) under applicable laws, regulations or stock exchange listing standards (collectively, the “Clawback/Recoupment/Disgorgement Requirement”). In order to satisfy any obligation arising under the Clawback/Recoupment/Disgorgement Requirement, among other things, Employee expressly and explicitly authorizes Newmont to issue instructions, on Employee’s behalf, to any brokerage firm and/or third party

7 - administrator engaged by Newmont to hold any shares of Common Stock or other amounts acquired pursuant to the RSUs to re-convey, transfer or otherwise return such shares of Common Stock and/or other amounts to Newmont upon Newmont’s enforcement of the Clawback/Recoupment/Disgorgement Requirement. No recovery of compensation as described in this section will be an event giving rise to Employee’s right to resign for “good reason” or “constructive termination” (or similar term) under any plan of, or agreement with, Newmont, any Subsidiary and/or the Employer. This Clawback/Recoupment/Disgorgement Requirement includes, but is not limited to, Newmont’s right to require reimbursement of any RSUs from Employee if the Employee is terminated (or could have been terminated) for cause. (m) Right of Offset. To the extent permitted by applicable law, Newmont or an Employer may, in its sole discretion, apply any RSUs otherwise due and payable under this Agreement against debts of Employee to Newmont or a Subsidiary. Employee hereby consents to the reduction of any compensation paid to Employee by Newmont or an Employer to the extent Employee receives an overpayment from this Agreement. (n) Waiver. Employee acknowledges that a waiver by Newmont of breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach of this Agreement. (o) Electronic Delivery and Acceptance. Newmont may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. Employee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by Newmont or a third party designated by Newmont. IN WITNESS WHEREOF, pursuant to Employee’s Grant Acknowledgement (including without limitation, the Terms and Conditions section hereof), incorporated herein by reference, and electronically executed by Employee, Employee agrees to the terms and conditions of this Agreement.

8 - APPENDIX TO THE NEWMONT CORPORATION 2020 STOCK INCENTIVE COMPENSATION PLAN 2025 RESTRICTED STOCK UNIT AGREEMENT Unless otherwise provided below, capitalized terms used but not explicitly defined in this Appendix shall have the same definitions as in the Plan and/or the Agreement (as applicable). The terms and conditions in Part A apply to all Employees outside the United States. The country-specific terms and conditions in Part B will also apply to Employee if they reside in one of the countries listed below. Terms and Conditions This Appendix includes additional country-specific terms and conditions that govern Employee’s RSUs if they reside and/or work in one of the countries listed herein. If Employee is a resident of a country other than the one in which they are currently residing and/or working, relocate to another country after the RSUs are granted, or are considered a resident of another country for local law purposes, the terms and conditions of the RSUs contained herein may not be applicable to Employee, and Newmont shall, in its discretion, determine to what extent the terms and conditions contained herein shall apply to Employee. Notifications This Appendix also includes information regarding certain issues of which Employee should be aware with respect to their participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries as of February 2025. Such laws are often complex and change frequently. As a result, Employee should not rely on the information in this Appendix as the only source of information relating to the consequences of their participation in the Plan because the information may be out of date at the time that Employee’s RSUs vest or they sell shares of Common Stock acquired under the Plan. In addition, the information contained herein is general in nature and may not apply to Employee’s particular situation, and Newmont is not in a position to assure Employee of a particular result. Accordingly, Employee should seek appropriate professional advice as to how the relevant laws in their country may apply to their situation. Finally, if Employee is a resident of a country other than the one in which they currently reside and/or work, transfer employment after the RSUs are granted, or are considered a resident of another country for local law purposes, the information contained herein may not apply to Employee.

9 - A. ALL NON-U.S. COUNTRIES TERMS AND CONDITIONS The following additional terms and conditions will apply to Employee if they reside in any country outside the United States. 1. Nature of Grant. The following provisions supplement Section 8 of the Agreement: (a) the grant of RSUs under the Plan at one time does not in any way obligate Newmont or its Subsidiaries to grant additional RSUs in any future year or in any given amount. (b) the grant of RSUs and Employee’s participation in the Plan shall not create a right to employment or be interpreted as forming or amending an employment or service contract with Newmont and shall not interfere with the ability of the Employer to terminate Employee's employment or service relationship (if any). (c) the RSUs should in no event be considered as compensation for, or relating in any way to, past services for Newmont, the Employer or any Subsidiary. (d) Employee further acknowledges and understands that Employee’s participation in the Plan is voluntary and that the RSUs and any future RSUs under the Plan are wholly discretionary in nature, the value of which do not form part of any normal or expected compensation for any purposes, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments, bonuses, holiday pay, long-service awards, pension or retirement benefits or similar mandatory payments, other than to the extent required by local law. (e) Employee acknowledges and understands that the future value of the shares of Common Stock acquired by Employee under the Plan is unknown and cannot be predicted with certainty and that no claim or entitlement to compensation or damages arises from the (i) forfeiture of the RSUs resulting from termination of service (for any reason whatsoever and whether or not in breach of local labor laws and whether or not later found to be invalid) and/or (ii) forfeiture of the RSUs or recoupment of any shares of Common Stock, cash or other benefits acquired pursuant to the RSUs resulting from the application of Section 9(l) of the Agreement. (f) Employee acknowledges and understands the RSUs and the shares of Common Stock subject to the RSUs, and the income and value of the same, are not intended to replace any pension rights or compensation. (g) Employee acknowledges for the purposes of the RSUs, their employment will be considered terminated as of the date they are no longer actively providing services to Newmont, the Employer or any Subsidiary (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Employee is employed or the terms of their employment agreement, if any), and unless otherwise expressly provided in this Agreement or determined by Newmont, if any, will terminate as of such date and will not be extended by any notice period (e.g., Employee’s period of service would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where the Employee is employed or the terms of their employment agreement, if any); the Newmont Committee shall have the exclusive discretion to determine when Employee is no longer actively providing services for purposes of their RSU grant (including whether Employee may still be considered to be providing services while on a leave of absence). (h) Employee acknowledges and understands that unless otherwise agreed with Newmont, the RSUs and the shares of Common Stock subject to the RSUs, and the income and value of the same, are not granted as consideration for, or in connection with the service they may provide as a director of a Subsidiary of Newmont.

10 - (i) Employee acknowledges and understands the RSUs and the share of Common Stock subject to the RSUs and the income and value of the same, are not part of normal or expected compensation salary for any purpose. (j) Employee acknowledges and understands that neither Newmont, the Employer nor any other Affiliate of Newmont shall be liable for any foreign exchange rate fluctuation between their local currency and the United States Dollar that may affect the value of the RSU or of any amounts due to Employee pursuant to the settlement of the RSU or the subsequent sale of any shares of Common Stock acquired upon settlement. 2. Data Privacy Information and Consent. Newmont headquarters is located at 6900 E. Layton Ave., Suite 700, Denver, Colorado 80237, U.S.A., and grants awards to employees of Newmont and its Subsidiaries, at Newmont’s sole discretion. If Employee would like to participate in the Plan, please review the following information about Newmont’s data processing practices and declare Employee’s consent. (a) Data Collection and Usage. Newmont collects, processes and uses personal data of Employees, including name, home address, email address and telephone number, date of birth, social insurance number or other identification number, salary, citizenship, job title, any shares of Common Stock or directorships held in Newmont, and details of all awards or other entitlements to shares of Common Stock, granted, canceled, exercised, vested, unvested or outstanding in Employee’s favor (“Data”), which Newmont receives from Employee or the Employer. In connection with the grant of the RSU, Newmont will collect Employee’s Data for purposes of administering Employee’s participation in the Plan. Newmont’s legal basis for the processing of Employee’s Data, where required, if Employee’s consent. (b) Stock Plan Administration Service Providers. Newmont transfers Data to Fidelity Investments, an independent service provider based in the United States, which assists Newmont with the implementation, administration and management of the Plan. In the future, Newmont may select a different service provider and share Employee’s Data with another company that serves in a similar manner. Newmont’s service provider will open an account for Employee to receive shares of Common Stock. Employee may be asked to agree on separate terms and data processing practices with the service provider, which is a condition to Employee’s ability to participate in the Plan. (c) International Data Transfers. Newmont and its service providers are based in the United States. If Employee is outside the United States, Employee should note that their country has enacted data privacy laws that are different from the United States. Newmont’s legal basis for the transfer of Employee’s Data is their consent. (d) Data Retention. Newmont will use Employee’s Data only as long as is necessary to implement, administer and manage Employee’s participation in the Plan or as required to comply with legal or regulatory obligations, including under tax, exchange control, labor and security laws. This period may extend beyond Employee’s period of employment with the Employer. When Newmont or the Employer no longer need Data for any of the above purposes, they will cease processing it in this contact and remove it from all of their systems used for such purposes to the fullest extent practicable. (e) Voluntariness and Consequences of Denial or Withdrawal. Employee’s participation in the Plan and Employee’s grant of consent is purely voluntary. Employee may deny or withdraw their consent at any time. If Employee does not consent, or if Employee withdraws their consent, Employee cannot participate in the Plan. This would not affect Employee’s salary as an employee or their career; Employee would merely forfeit the opportunities associated with the Plan. (f) Data Subject Rights. Employee has a number of rights under data privacy laws in their country. Depending on where Employee is based, Employee’s rights may include the right to (i) request access or copies of Data Newmont processes, (ii) rectification of incorrect Data, (iii) deletion of Data, (iv) restrict the processing of Data, (v) restrict the portability of Data, (vi) lodge complaints with the competent tax authorities in Employee’s

11 - country, and/or (vii) receive a list with the names and addresses of any potential recipients of Data. To receive clarification regarding Employee’s rights or to exercise Employee’s rights please contact Newmont at Newmont Corporation, 6900 E. Layton Ave., Suite 700, Denver, Colorado 80237 U.S.A., attention: Director of Compensation, Newmont Corporate. If Employee agrees with the data processing practices as described in this notice, please declare Employee’s consent by clicking “Accept” on the Fidelity award acceptance page. 3. Language. Employee acknowledges that they are sufficiently proficient in English, or, alternatively, Employee acknowledges that they will seek appropriate assistance, to understand the terms and conditions in the Agreement. Furthermore, if Employee received this Agreement or any other document related to the Plan translated into a language other than English and if the meaning of the translated versions is different than the English version, the English version will control unless otherwise required by applicable law. 4. Insider-Trading/Market-Abuse Laws. Employee acknowledges that, depending on their country or broker’s country, or the country in which Common Stock is listed, they may be subject to insider trading restrictions and/or market abuse laws in applicable jurisdictions, which may affect their ability to accept, acquire, sell or attempt to sell, or otherwise dispose of the shares of Common Stock, rights to shares of Common Stock (e.g., RSUs) or rights linked to the value of Common Stock, during such times as Employee is considered to have “inside information” regarding Newmont (as defined by the laws or regulations in applicable jurisdictions, including the United States and Employee’s country). Local insider trading laws and regulations may prohibit the cancellation or amendment of orders Employee placed before possessing inside information. Furthermore, Employee may be prohibited from (i) disclosing insider information to any third party, including fellow employees and (ii) “tipping” third parties or causing them to otherwise buy or sell securities. Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Newmont insider trading policy. Employee acknowledges that it is their responsibility to comply with any applicable restrictions, and Employee should speak to their personal advisor on this matter. 5. Foreign Asset/Account Reporting Requirements. Employee acknowledges that there may be certain foreign asset and/or account reporting requirements which may affect their ability to acquire or hold the shares of Common Stock acquired under the Plan or cash received from participating in the Plan (including from any dividends paid on the shares of Common Stock acquired under the Plan) in a brokerage or bank account outside their country. Employee may be required to report such accounts, assets or transactions to the tax or other authorities in their country. Employee also may be required to repatriate sale proceeds or other funds received as a result of participating in the Plan to their country through a designated bank or broker within a certain time after receipt. Employee acknowledges that it is their responsibility to be compliant with such regulations, and they should speak to their personal advisor on this matter. 6. General. Notwithstanding the provisions of the Agreement, if Newmont or the Employer develops a good faith belief that any provision may be found to be unlawful, discriminatory or against public policy in any relevant jurisdiction, then Newmont in its sole discretion may choose not to apply such provision to the RSU, nor any RSU grant in Employee’s jurisdiction.

12 - B. COUNTRY-SPECIFIC ADDITIONAL TERMS AND CONDITIONS ARGENTINA Notifications Securities Law Notification. Neither the RSUs nor the underlying shares of Common Stock are publicly offered or listed on any stock exchange in Argentina and, as a result, have not been and will not be registered with the Argentine Securities Commission (Comisión Nacional de Valores). The Agreement, this Appendix and any other offering material related to the RSUs, as well as the underlying shares of Common Stock, may not be used in connection with any general offering to the public in Argentina. Argentine residents who receive RSUs under the Plan do so according to the terms of a private offering made from outside Argentina. Exchange Control Notification. It is Employee’s responsibility to comply with any and all Argentine currency exchange restrictions, approvals, and reporting requirements in connection with the RSUs. Foreign Asset / Account Reporting Notification. If Employee is an Argentine tax resident, Employee must report any shares of Common Stock acquired under the Plan and held by Employee on December 31st of each year on their annual tax return for that year. AUSTRALIA Notifications Securities Law Notification. The offer of RSUs is being made under Division 1A, Part 7.12 of the Australian Corporations Act 2001 (Cth). Tax Information. The Plan is a plan to which Subdivision 83A-C of the Income Tax Assessment Act 1997 (Cth) applies (subject to the conditions in the Act). Exchange Control Information. Exchange control reporting is required for cash transactions exceeding A$10,000 and international fund transfers. The Australian bank assisting with the transaction will file the report. If there is no Australian bank involved in the transfer, Employee will be required to file the report. CANADA Terms and Conditions Nature of the Grant. The following provisions replaces Sections 1(d) and (e) of Part A of this Appendix. (d) Employee further acknowledges and understands that Employee’s participation in the Plan is voluntary and that the RSUs and any future RSUs under the Plan are wholly discretionary in nature, and, except as explicitly and minimally required under applicable legislation, the RSUs and any Shares issued upon vesting of the RSUs do not form part of any normal or expected compensation for any purposes, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments, bonuses, holiday pay, long-service awards, pension or retirement benefits or similar mandatory payments, other than to the extent required by local law. (e) Employee acknowledges and understands that the future value of the shares of Common Stock acquired by Employee under the Plan is unknown and cannot be predicted with certainty and that, except as explicitly and minimally required under applicable legislation, no claim or entitlement to compensation or damages arises from the (i) forfeiture of the RSUs resulting from termination of service (for any reason whatsoever and whether or not in breach of local labor laws and whether or not later found to be invalid) and/or (ii) forfeiture of the RSUs or recoupment of any shares of Common Stock, cash or other benefits acquired pursuant to the RSUs resulting from

13 - the application of any recoupment or clawback policy of Newmont, as it may be amended from time to time (whether such policy is adopted on or after the date of this Agreement) or any recoupment otherwise required by applicable laws, regulations or stock exchange listing standards. Vesting/Termination. The following provision supplements Section 3 of the Agreement and replaces Section 1(g) of Part A of this Appendix: For purposes of the Agreement, except as otherwise provided for in Section 3 of the Agreement, in the event Employee ceases their employment or service relationship with Newmont or Employer (for any reason whatsoever and whether or not later found to be invalid or in breach of local labor laws), Employee’s right to vest in the RSUs will terminate as of the date that is the earliest of: (a) the date Employee's employment with the Employer is terminated for any reason; and (b) the date Employee receives written notice of termination from the Employer; regardless of any period during which notice, pay in lieu of notice or related payments or damages are provided or required to be provided under local law. For greater certainty, Employee will not earn or be entitled to any pro-rated vesting for that portion of time before the date on which their right to vest terminates, nor will Employee be entitled to any compensation for lost vesting. Notwithstanding the foregoing, if applicable employment standards legislation explicitly requires continued vesting during a statutory notice period, Employee's right to vest in the RSUs, if any, will terminate effective upon the expiry of the minimum statutory notice period, but Employee will not earn or be entitled to pro-rated vesting if the vesting date falls after the end of the statutory notice period, nor will you be entitled to any compensation for lost vesting. In any event, if employment standards legislation explicitly requires continued vesting during a statutory notice period, then the additional vesting provided under Section 3 of the Agreement is deemed to be inclusive of any entitlements that arise during the applicable statutory notice period. The following provisions apply if Employee is a resident of Quebec: French Language Documents. A French translation of certain documents related to the Plan will be made available to Employee as soon as reasonably practicable. Notwithstanding the provisions of Section 3 of Part A of this Appendix, to the extent required by applicable law and unless Employee indicates otherwise, the French translation of such documents will govern Employee's participation in the Plan. Documents en Langue Française. Une traduction française de certains documents relatifs au Plan sera mise à la disposition du Employee dès que cela sera raisonnablement possible. Nonobstant les dispositions de l'article 3 de la Partie A de la présente Annexe, dans la mesure requise par la loi applicable et à moins que l'Employee n'indique le contraire, la traduction française de ces documents régira la participation du Employee au Plan. Data Privacy. The following provision supplements Section 2 of Part A of this Appendix: Employee hereby authorizes Newmont and its representatives to discuss with and obtain all relevant information from all personnel, professional or not, involved in the administration and operation of the Plan. Employee further authorizes Newmont, any parent or Subsidiary of Newmont, and any stock plan service provider that may be selected by Newmont to assist with the Plan to disclose and discuss the Plan with their respective advisors. Employee further authorizes Newmont and any parent or Subsidiary of Newmont to record such information and to keep such information in Employee’s employee file. Employee acknowledges and agrees that their personal information, including sensitive personal information, may be transferred or disclosed outside of the province of Quebec, including to the United States. Finally, Employee acknowledges and authorizes Newmont and other parties involved in the administration of the Plan to use technology for profiling purposes and to make automated decisions that may have an impact on Employee or the administration of the Plan.

14 - Notifications Securities Law Information. Employee is permitted to sell shares of Common Stock acquired through the Plan through the designated broker appointed under the Plan, if any, provided the resale of shares of Common Stock acquired under the Plan takes place outside Canada through the facilities of a stock exchange on which the shares of Common Stock are listed on the New York Stock Exchange. Foreign Asset/Account Reporting Information. Canadian residents are required to report foreign specified property, including shares of Common Stock and rights to receive shares of Common Stock (e.g., RSUs), on form T1135 (Foreign Income Verification Statement) if the total cost of the foreign specified property exceeds C$100,000 at any time during the year. RSUs must be reported (generally, at a nil cost) if the C$100,000 cost threshold is exceeded because of other foreign specified property held by Employee. When shares of Common Stock are acquired, their cost generally is the adjusted cost base (“ACB”) of the shares of Common Stock. The ACB would ordinarily equal the fair market value of the shares of Common Stock at the time of acquisition, but if Employee owns other shares of Common Stock, this ACB may have to be averaged with the ACB of the other shares of Common Stock. CHILE Notifications Securities Law Information. The award of RSUs constitutes a private offering of securities in Chile effective as of the date of grant, and is expressly subject to general ruling N° 336 of the Chilean Commission for the Financial Market (“CMF”). The award of RSUs refers to securities not registered at the securities registry or at the foreign securities registry of the CMF, and, therefore, such securities is not subject to oversight of the CMF. Given that the shares of Common Stock underlying the RSUs are not registered in Chile, Newmont is not required to provide public information about the RSUs or the shares of Common Stock in Chile. Unless the RSUs and/or the shares of Common Stock are registered with the CMF, a public offering of such securities cannot be made in Chile. Foreign Asset/Account Reporting Information. The CIRS requires all taxpayers to provide information annually regarding (i) the results of investments held abroad and (ii) any taxes paid abroad which the taxpayers will use as credit against Chilean income tax. The sworn statements disclosing this information (or Formularios) must be reported on Form 1929 and submitted electronically through the CIRS website (www.sii.cl) before July 1 of each year, depending on the assets and/or taxes being reported. If Employee fails to meet the above requirements, Employee may be ineligible to receive certain foreign tax credits. Given these requirements are subject to change, Employee should consult with their personal tax advisor to determine Employee's reporting obligations to the CIRS. Exchange Control Notification. Employee may receive foreign currency abroad as a result of the acquisition of shares of Common Stock and freely decide whether to repatriate such currency to Chile or keep it abroad. However, if Employee repatriates currency, and such amounts exceed USD 10,000, the proceeds must be remitted using the formal exchange market. It is not necessary to convert the repatriated funds into Chilean currency. Given these requirements are subject to change, Employee should consult with their personal advisor to determine Employee's obligations. FIJI There are no country-specific provisions.

15 - FRANCE Terms and Conditions Consent to Receive Information in English. By accepting the Agreement providing for the terms and conditions of Employee’s grant, Employee confirms having read and understood the documents relating to this grant (the Plan and the Agreement) which were provided in English language. Employee accepts the terms of those documents accordingly. Consentement relatif à la réception d’informations en langue anglaise. En acceptant le Contrat d’Attribution décrivant les termes et conditions de l’attribution, le salarié confirme avoir lu et compris les documents relatifs à cette attribution (le Plan et le Contrat d’Attribution) qui ont été communiqués en langue anglaise. Le salarié accepte les termes de ces documents en connaissance de cause. Notifications Non-Tax-Qualified Award. Employee understands and agrees that the Award is not intended to qualify for specific tax and social security treatment in France under Sections L. 225-197-1 to L. 225-197-6-1 of the French Commercial Code, as amended. Foreign Asset/Account Reporting Information. If Employee holds shares of Common Stock outside France or maintains a foreign bank or brokerage account (including Employee’s Fidelity account), they should report such shares of Common Stock and account, whether open, current or closed, to the French tax authorities on their annual tax return. GHANA There are no country-specific provisions. INDONESIA Language Consent and Notification. By accepting the RSUs, Employee (i) confirms having read and understood the documents relating to this grant (i.e., the Plan and the Agreement) which were provided in the English language, (ii) accepts the terms of those documents accordingly, and (iii) agrees not to challenge the validity of this document based on Law No. 24 of 2009 on National Flag, Language, Coat of Arms and National Anthem or the implementing Presidential Regulation (when issued). Persetujuan dan Pemberitahuan Bahasa .Dengan menerima pemberian Unit Saham Terbatas (RSUs) ini, Karyawan (i) memberikan konfirmasi bahwa dirinya telah membaca dan memahami dokumen-dokumen berkaitan dengan pemberian ini (yaitu, Perjanjian Penghargaan dan Program) yang disediakan dalam Bahasa Inggris, (ii) menerima persyaratan di dalam dokumen-dokumen tersebut, dan (iii) setuju untuk tidak mengajukan keberatan atas keberlakuan dari dokumen ini berdasarkan Undang-Undang No. 24 Tahun 2009 tentang Bendera, Bahasa dan Lambang Negara serta Lagu Kebangsaan ataupun Peraturan Presiden sebagai pelaksanaannya (ketika diterbitkan) Exchange Control Information. If Employee remits funds (including proceeds from the sale of shares of Common Stock) into Indonesia, the Indonesian bank through which the transaction is made will submit a report of the transaction to Bank Indonesia for statistical reporting purposes. For transactions in excess of a certain threshold, a more detailed description of the transaction must be included in the report and Employee may be required to provide information about the transaction (e.g., Employee’s relationship with the transferor of the funds, the source of the funds, etc.) to the bank in order for the bank to complete the report. In addition, Employee may be required to provide the Bank Indonesia with information on foreign exchange activities, which may include shares of Common Stock held outside Indonesia, on a monthly basis. The reporting should be completed online through Bank Indonesia’s website, by no later than the 15th day of the following month.

16 - MEXICO Terms and Conditions Plan Document Acknowledgement. By accepting the RSUs, Employee acknowledges that they have received a copy of the Plan, the Grant Acknowledgement, and the Agreement, including this Appendix, which Employee has reviewed. Employee acknowledges further that they accept all the provisions of the Plan, the Grant Acknowledgement, and the Agreement, including this Appendix. Employee also acknowledges that they have read and specifically and expressly approves the terms and conditions set forth in Section 1 (“Nature of Grant”) in this Appendix, which clearly provides as follows: (1) Employee’s participation in the Plan does not constitute an acquired right; (2) The Plan and Employee’s participation in it are offered by Newmont on a wholly discretionary basis; (3) Employee’s participation in the Plan is voluntary; and (4) Newmont and its Subsidiaries are not responsible for any decrease in the value of any shares of Common Stock acquired at vesting and settlement of the RSUs. Labor Law Policy and Acknowledgment. By accepting the RSUs, Employee expressly recognizes that Newmont, with registered offices at 6900 E. Layton Ave., Suite 700, Denver, Colorado 80237, U.S.A., is solely responsible for the administration of the Plan and that Employee’s participation in the Plan and acquisition of shares of Common Stock do not constitute an employment relationship between Employee and Newmont since Employee is participating in the Plan on a wholly commercial basis and their sole employer is Newmont’s Subsidiary in Mexico (“Newmont Mexico”). Based on the foregoing, Employee expressly recognizes that the Plan and the benefits that they may derive from participating in the Plan do not establish any rights between Employee and the employer, Newmont Mexico, and do not form part of the employment conditions and/or benefits provided by Newmont Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of Employee’s employment. Employee further understands that their participation in the Plan is as a result of a unilateral and discretionary decision of Newmont; therefore, Newmont reserves the absolute right to amend and/or discontinue Employee’s participation at any time without any liability to Employee. Finally, Employee hereby declares that they do not reserve to themself any action or right to bring any claim against Newmont for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and Employee therefore grants a full and broad release to Newmont, and its subsidiaries, branches, representative offices, shareholders, directors, officers, employees, agents, or legal representatives with respect to any claim that may arise. Spanish Translation Reconocimiento del Documento del Plan Al aceptar las Unidades de Acciones Restringidas (RSUs, por sus siglas en inglés), el Empleado reconoce que ha recibido una copia del Plan, el Reconocimiento de la Subvención y el Acuerdo, con inclusión de este Apéndice, que el Empleado ha revisado. El Empleado reconoce, además, que acepta todas las disposiciones del Plan, el Reconocimiento de la Subvención, y en el Acuerdo, incluyendo este Apéndice. El Empleado también reconoce que

17 - ha leído y que concretamente aprueba de forma expresa los términos y condiciones establecidos en la Sección 1 (“Naturaleza de la Subvención”) del Acuerdo, que claramente dispone lo siguiente: (1) La participación del Empleado en el Plan no constituye un derecho adquirido; (2) El Plan y la participación del Empleado en el Plan se ofrecen por Newmont en su discrecionalidad total; (3) Que la participación del Empleado en el Plan es voluntaria; y (4) Newmont y sus Subsidiarias no son responsables de ninguna disminución en el valor de las acciones adquiridas al conferir las RSUs. Política Laboral y Reconocimiento Al aceptar las RSUs, el Empleado expresamente reconoce que Newmont, con sus oficinas registradas y ubicadas en 6900 E. Layton Ave., Suite 700, Denver, Colorado 80237, U.S.A., es la única responsable por la administración del Plan y que la participación del Empleado en el Plan y en su caso la adquisición de Acciones no constituyen una relación de trabajo entre el Empleado y Newmont, ya que el Empleado participa en el Plan en un marco totalmente comercial y su único patrón es el Subsidiario de Newmont en Mexico (“Newmont Mexico”). Derivado de lo anterior, el Empleado expresamente reconoce que el Plan y los beneficios que pudieran derivar de la participación en el Plan no establecen derecho alguno entre el Empleado y el patrón, Newmont Mexico, y no forma parte de las condiciones de trabajo y/o las prestaciones otorgadas por Newmont Mexico, y que cualquier modificación al Plan o su terminación no constituye un cambio o desmejora de los términos y condiciones de la relación de trabajo del Empleado. Asimismo, el Empleado reconoce que su participación en el Plan se ha resultado de una decisión unilateral y discrecional de Newmont; por lo tanto, Newmont se reserva el derecho absoluto de modificar y/o terminar la participación del Empleado en cualquier momento y sin responsabilidad alguna frente el Empleado. Finalmente, el Empleado por este medio declara que no se reserva ninguna derecho o acción en contra de Newmont por cualquier compensación o daños y perjuicios en relación de las disposiciones del Plan o de los beneficios derivados del Plan, y por lo tanto, el Empleado otorga el más amplio finiquito que en derecho proceda a Newmont, y sus Subsidiarias, oficinas de representación, accionistas, directores, autoridades, empleados, agentes, o representantes legales en relación con cualquier demanda que pudiera surgir. Notifications Securities Law Information. The RSUs and the shares of Common Stock offered under the Plan have not been registered with the National Register of Securities maintained by the Mexican National Banking and Securities Commission and cannot be offered or sold publicly in Mexico. In addition, the Plan, the Agreement and any other document relating to the RSUs may not be publicly distributed in Mexico. These materials are addressed to Employee only because of their existing relationship with Newmont and these materials should not be reproduced or copied in any form. The offer contained in these materials does not constitute a public offering of securities but rather constitutes a private placement of securities addressed specifically to individuals who are present employees of the Employer made in accordance with the provisions of the Mexican Securities Market Law, and any rights under such offering shall not be assigned or transferred.

18 - PAPUA NEW GUINEA Terms and Conditions Award Settlement. Notwithstanding any provision in the Agreement to the contrary, if deemed by Newmont to be necessary for regulatory reasons, Newmont reserves the right to settle RSUs by payment in cash or its equivalent of an amount equal in value to the shares of Common Stock subject to the vested RSUs. Notifications Exchange Control Information. Before receiving funds from the sale of any securities abroad, Employee will need to apply for and receive an Income Tax Clearance Certificate from the taxation authorities in Papua New Guinea, which Employee must then lodge with the appropriate Bank of Papua New Guinea notification form with the commercial bank in which the transaction takes place. PERU Terms and Conditions Labor Law Acknowledgement. The following provision supplements Section 1 of Part A of this Appendix: In accepting this Agreement, Employee acknowledges that the RSUs are being granted ex gratia to Employee with the purpose of rewarding them. Notifications Securities Law Information. The offer of the RSUs is considered a private offering in Peru; therefore, it is not subject to registration. For more information concerning this offer, please refer to the Plan, the Agreement and any other grant documents made available by Newmont. SOUTH AFRICA Terms and Conditions Taxes. The following provision supplements Section 5 of the Agreement: By accepting the RSUs, Employee agrees that, immediately upon settlement of the RSUs, Employee will notify the Employer of the amount of any gain realized at vesting. Employee will be solely responsible for paying any difference between the actual liability for Tax-Related Items and the amount withheld. Deemed Acceptance of RSUs. Pursuant to Section 96 of Companies Act 71 of 2008 (the "Companies Act"), the RSU offer must be finalized within six months following the date the offer is communicated to Employee. If Employee does not want to accept the RSUs, Employee is required to decline the award no later than six months following the date the offer is communicated to Employee. If Employee does not reject the RSUs within six months following the date the offer is communicated to Employee, Employee will be deemed to accept the RSUs. Notifications Securities Law Notification. Neither the RSUs nor the underlying shares of Common Stock shall be publicly offered or listed on any stock exchange in South Africa. The offer is intended to be private pursuant to Section 96 of the Companies Act and is not subject to the supervision of any South African governmental authority. Exchange Control Notification. Because exchange control regulations are subject to frequent change, sometimes without notice, Employee should consult their personal legal advisor prior to the settlement of the RSUs to ensure compliance with current regulations. Employee is solely responsible for ensuring compliance with all exchange control laws in South Africa.

19 - SURINAME Terms and Conditions Award Settlement. Notwithstanding any provision in the Agreement to the contrary, if deemed by Newmont to be necessary for regulatory reasons, Newmont reserves the right to settle RSUs by payment in cash or its equivalent of an amount equal in value to the shares of Common Stock subject to the vested RSUs.

q42024exhibit1025

Exhibit 10.25 1 NEWMONT SECTION 16 OFFICER SHORT-TERM INCENTIVE PLAN (Effective January 1, 2024) PURPOSE This Newmont Section 16 Officer Short-Term Incentive Plan (the “Section 16 STIP”) has been approved by the Leadership Development and Compensation Committee of the Newmont Corporation Board of Directors pursuant to the 2020 Newmont Corporation Stock Incentive Compensation Plan (the “2020 Plan”), and is a partial restatement of the Newmont Section 16 Officer and Senior Executive Short-Term Incentive Program effective on January 1, 2023, to the extent the 2023 Program applied to Section 16 Officers. The purpose of this Section 16 STIP is to provide Section 16 Officers with a direct interest in the success of the operations of Newmont Corporation (“Newmont”); specifically, Section 16 Officers are eligible for a Corporate Performance Bonus (as defined below) in accordance with this Section 16 STIP. This Section 16 STIP is subject to the 2020 Plan, and if there are any inconsistencies between this Section 16 STIP and the 2020 Plan, the 2020 Plan shall control. The LDCC or its delegate shall have sole discretion to interpret, apply, amend, and/or withdraw this Section 16 STIP. SECTION I—DEFINITIONS The following terms used in this Section 16 STIP shall have the meanings set forth below. 1.1 “Affiliated Entity(ies)” means any corporation or other entity, now or hereafter formed, that is or shall become affiliated with Newmont Corporation, either directly or indirectly, through stock ownership or control, which employs a Section 16 Officer. 1.2 “Aggregate Payout Percentage” shall have the meaning assigned to in Section III. 1.3 “Award Recipient” means an Eligible Section 16 Officer who has been granted a Corporate Performance Bonus pursuant to this Section 16 STIP. 1.4 “Board” means the Board of Directors of Newmont. 1.5 “Bonus-Eligible Earnings” means an Eligible Section 16 Officer’s base salary as reflected in the records of Newmont or the Affiliated Entity that employs the Eligible Section 16 Officer as of December 31 of the calendar year corresponding to the Performance Period applicable to the Corporate Performance Bonus; provided, however, that an Eligible Section 16 Officer’s Bonus-Eligible Earnings may be adjusted based on any periods of unpaid leave or other periods during the Performance Period during which the Eligible Section 16 Officer was not working or was otherwise not fully engaged in their duties and responsibilities (including if the Eligible Section 16 Officer commenced employment after the beginning of the Performance Period, in which case their Bonus-Eligible Earnings shall be calculated on a pro-rata basis based on their base salary as of December 31 and the amount of time in the Performance Period during which they worked). If an Eligible

2 Section 16 Officer dies during the calendar year, the Bonus-Eligible Earnings for such deceased Section 16 Officer will be determined by their base salary as of the date of death and the Corporate Performance Bonus will be calculated on a pro-rata basis. In the event of a Change of Control, the Bonus-Eligible Earnings of the Eligible Section 16 Officer shall be equal to their base salary, on an annualized basis, as of the date immediately preceding the Change of Control. In the case of a Terminated Award Recipient, the Bonus- Eligible Earnings will be determined by their base salary only as of the date of termination of employment and the Corporate Performance Bonus shall be calculated on a pro-rata basis. In all cases, Bonus-Eligible Earnings shall be determined before reduction for any pretax contributions, such as contributions to an employee benefit plan of Newmont, including pursuant to Section 401(k) or Section 125 of the Code. 1.6 “Change of Control” shall have the meaning assigned to it in the 2020 Plan. 1.7 “Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time. 1.8 “Code Section 409A” shall mean Section 409A of the Code and the treasury regulations and guidance promulgated thereunder. 1.9 “Corporate Performance Bonus” means the bonus that may be granted to an Eligible Section 16 Officer pursuant to Section III, based on how Newmont has performed against the Performance Metrics relative to an Eligible Section 16 Officer’s Target Performance Level. An Eligible Section 16 Officer’s Target Performance Level and Corporate Performance Bonus shall be determined by the LDCC; provided, however, that the Chief Executive Officer’s Target Performance Level and Corporate Performance Bonus shall be recommended by the LDCC and determined by the Board. 1.10 “Disability” shall have the meaning assigned to it in the 2020 Plan. 1.11 “Eligible Section 16 Officer” means a Section 16 Officer employed by an Affiliated Entity during some or all of the Performance Period; provided, however, that if an employee employed by an Affiliated Entity is appointed as a Section 16 Officer on an interim or temporary basis during some or all of a Performance Period, the LDCC or its delegate may determine in its discretion whether this Section 16 STIP shall apply to such employee or whether such employee’s Corporate Performance Bonus and, if applicable, Individual Performance Bonus, shall be governed by the STIP applicable to other employees who are not Section 16 Officers. Similarly, if an employee is promoted to a Section 16 Officer during the Performance Period, this Plan shall apply on a pro-rata basis for the time that they are a Section 16 Officer, and for any portion of the Performance Period during which they were not a Section 16 Officer, their Corporate Performance Bonus and Individual Performance Bonus shall be governed by the STIP applicable to other employees who are not Section 16 Officers. 1.12 “Executive Leadership Team” or “ELT” is the leadership team comprised of the Section 16 Officers as determined by the Chief Executive Officer of Newmont to be part of such leadership team. The Section 16 Officers who comprise the Executive Leadership Team

3 shall only be eligible for a Corporate Performance Bonus, and not an Individual Performance Bonus. 1.13 “Individual Performance Bonus” means a bonus based on an individual’s actual performance assessed against individual performance criterion for an Eligible Section 16 Officer who is not on the Executive Leadership Team (currently, only the Chief Accounting Officer), which objectives are established by the Chief Executive Officer or their designee, and which resulting bonus, if any, in a Performance Period, is assessed and recommended by the Chief Executive Officer or their delegate. 1.14 “LDCC” means the Leadership Development and Compensation Committee of the Board of Directors of Newmont Corporation. 1.15 “Newmont” means Newmont Corporation, a Delaware corporation, and any successor corporation thereto. 1.16 “Performance Metric” means each metric upon which a Corporate Performance Bonus shall be based, as determined by the LDCC on an annual or other basis, as reflected in the Appendix to this Plan. Such metrics may be based on financial, safety, sustainability, or other relevant factors as determined by the LDCC. 1.17 “Performance Period” means the period from January 1 through December 31 during which the achievement level of the Performance Metrics applicable to the Corporate Performance Bonus will be measured and assessed, and if applicable, the achievement level for any Individual Performance Bonus will be measured and assessed. 1.18 “Performance Percentage” shall have the meaning assigned to it in Section III. 1.19 “Retirement” means voluntary termination of employment when an Eligible Section 16 Officer has attained at least age 55, has completed at least 5 years of continuous employment with an Affiliated Entity, and where the age of the Eligible Section 16 Officer plus their completed years of continuous employment is equal to at least 65. 1.20 “Section 16 Officer” means an officer as defined in Section 16(b) of the U.S. Securities Exchange Act of 1934, as amended. 1.21 “Target Performance Level” means the target performance goal established for each Performance Metric that applies to the Eligible Section 16 Officers and which will be communicated to each Eligible Section 16 Officer. 1.22 “Terminated Award Recipient” means an Eligible Section 16 Officer who terminates employment with an Affiliated Entity during the Performance Period on account of death, Retirement, Disability, or involuntary termination entitling the Eligible Section 16 Officer to benefits under the Severance Plan for Section 16 Officers of Newmont.

4 SECTION II—ELIGIBILITY A Section 16 Officer shall be eligible to be granted a Corporate Performance Bonus under this Section 16 STIP if such Section 16 Officer is (i) on the payroll of an Affiliated Entity at the time of payment; (ii) on the payroll of an Affiliated Entity as of the last day of the calendar year comprising the Performance Period and who voluntarily resigns before the payment of the Corporate Performance Bonus (provided that the Section 16 Officer otherwise would not or could not have been terminated for Cause, as determined in Newmont’s sole discretion); or (iii) is a Terminated Award Recipient who terminated during the Performance Period. SECTION III—CORPORATE PERFORMANCE BONUS 3.1 Eligibility for Corporate Performance Bonus. For each Performance Period, the Corporate Performance Bonus will be determined pursuant to this Section III for each Section 16 Officer. 3.2 Performance Metrics. For each Performance Period, the LDCC shall establish the Performance Metrics applicable to the Corporate Performance Bonus granted to an Award Recipient and the Target Performance Goals, as well as the threshold and maximum goals applicable to each Performance Metric. 3.3 Achievement Level Assessment for Performance Metrics. As soon as practicable after the end of each Performance Period, the LDCC shall determine the achievement level of the performance goals applicable to each Performance Metric, following a report from the Internal Audit department, or an external audit firm. 3.4 Aggregate Payout Percentage. An aggregate payout factor (the “Aggregate Payout Percentage”) will be determined in accordance with this Section 3.4. (a) Calculating the Performance Percentage for each Performance Metric. The achievement level for the performance goal applicable to each Performance Metric will be determined by reference to the target, minimum and maximum goals to arrive at a performance percentage (the “Performance Percentage”). (b) Calculating the Payout Percentage for each Performance Metric. The payout percentage for each Performance Metric is equal to the product of the Performance Percentage, multiplied by the applicable weighting factor listed in Appendix A. However, a fatality or significant potential events may result in a payout for the Health and Safety metric(s) that is less than the payout percentage determination described in the foregoing sentence. (c) Calculating the Aggregate Payout Percentage. The Aggregate Payout Percentage is the sum of the payout percentages for each Performance Metric, as described in Section 3.4(b) hereof. 3.5 Determination of Payout Amount under Corporate Performance Bonus. The amount that shall vest and become payable as a Corporate Performance Bonus for each Award

5 Recipient shall be equal to the product of the Aggregate Payout Percentage, multiplied by the Award Recipient’s Target Performance Level, multiplied by the Award Recipient’s Bonus-Eligible Earnings. 3.6 Determination of Payout Amount under Individual Performance Bonus. For any Section 16 Officer not on the Executive Leadership Team (currently only the Chief Accounting Officer), they shall be eligible for an Individual Performance Bonus, to be recommended by the Chief Executive Officer or their delegate, and approved by the LDCC. 3.7 Terminated Award Recipients. Terminated Award Recipients shall be eligible to receive the payment of a Corporate Performance Bonus (and Individual Performance Bonus, if applicable), provided that a Terminated Award Recipient whose employment is subject to an involuntary termination entitling the Award Recipient to benefits under the Severance Plan for Section 16 Officers of Newmont must execute a Waiver and Release pursuant to the terms of such plan in order to receive payment of a Corporate Performance Bonus (and Individual Performance Bonus, if applicable). This bonus will be calculated according to Section III hereof, and pro-rated for the portion of the Performance Period that the Award Recipient was employed with an Affiliated Entity, and shall be paid after the end of the Performance Period; provided, however, that for a non-ELT Section 16 Officer only, any pro-rated Corporate Performance Bonus and Individual Performance Bonus for the year in which they are terminated will be paid out based on their target goals as soon as administrative practicable after receipt of an executed Waiver and Release, as such pro- rated payment may be adjusted by the LDCC or the Board or their delegate. 3.8 Discretionary Adjustments. The LDCC may adjust (or the Board with respect to the CEO) the Performance Percentage or any measure or increase or decrease the amount of the Corporate Performance Bonus otherwise payable in order to reflect changed circumstances or such other matters as the LDCC deems appropriate. 3.9 Time and Method of Payment. A Corporate Performance Bonus that becomes payable under this Section 16 STIP shall be payable to each Award Recipient in cash as soon as practicable following approval of bonuses by the LDCC for Section 16 Officers (except for the CEO, whose bonus is approved by the Board). All payments and the timing of such payments shall be made in accordance with practices and procedures established by the Affiliated Entity. For those Award Recipients subject to Code Section 409A, the Corporate Performance Bonus shall be made by March 15th of the calendar year following the last day of the Performance Period. Notwithstanding the foregoing, in the event an Award Recipient failed to complete any required ethics training or failed to comply with acknowledgement of any Code of Conduct of any Affiliated Entity, the Affiliated Entity may withhold payment under this Section 16 STIP unless or until such Award Recipient complies. 3.10 Withholding Taxes. All Corporate Performance Bonuses payable hereunder shall be subject to the withholding of such amounts as the Affiliated Entity may determine is

6 required to be withheld pursuant to any applicable federal, state, local or non-U.S. law or regulation. SECTION IV—CHANGE OF CONTROL 4.1 In General. In the event of a Change of Control, each Award Recipient employed at the time of the Change of Control shall become entitled to the payment of a Corporate Performance Bonus (and an Individual Performance Bonus if a non-ELT Section 16 Officer) in accordance with the provisions of this Section IV. 4.2 Calculation of Bonus. In the event of a Change of Control: (a) each Award Recipient employed as of the date of the Change of Control shall become entitled to the payment of a target pro-rated Corporate Performance Bonus (and a target pro-rated Individual Performance Bonus if a non-ELT Section 16 Officer) for the portion of the Performance Period from January 1 through the date of the Change of Control; and (b) each Award Recipient employed as of the last day of the Performance Period coinciding with the calendar year in which the Change of Control occurs shall be entitled to a target pro-rated Corporate Performance Bonus (and a target pro-rated Individual Performance Bonus if a non-ELT Section 16 Officer) for the remaining portion of the calendar year following the Change of Control. 4.3 Payment of Bonuses. The Corporate Performance Bonuses (and Individual Performance Bonuses if a non-ELT Section 16 Officer) payable in accordance with the provisions of this Section IV shall be calculated and paid as soon as practicable (a) following the date of the Change of Control, in the case of the bonus required by Section 4.2(a), and (b) following the conclusion of the Performance Period coinciding with the calendar year in which the Change of Control occurs, in the case of the bonus required by Section 4.2(b). Upon the payment of the Corporate Performance Bonuses (and Individual Performance Bonuses if a non-ELT Section 16 Officer) in accordance with the foregoing sentence, the Award Recipient shall have no further right to the payment of any Corporate Performance Bonus (or Individual Performance Bonus if a non-ELT Section 16 Officer) hereunder for such Performance Period (other than any bonus payable hereunder with respect to a previous Performance Period that has not yet been paid). In the event that a Change of Control and a benefit-qualifying Separation from Service of an Award Recipient under Section 3.01 of the 2012 Executive Change of Control Plan of Newmont (“2012 Plan”) or Section 3.01 of the Executive Change of Control Plan of Newmont (“2008 Plan”) occur in the same calendar year, payment to such Award Recipient of a Corporate Performance Bonus under this Section IV payable in the event of a Change of Control under the Newmont Section 16 Officer Long-Term Incentive Plan shall satisfy Section 3.02(a)(i)(B) of the 2012 Plan and Section 3.02(a)(i)(B) of the 2008 Plan solely with respect to the portion of such calendar year from January 1 through the date of the Change of Control; in such instance, the bonuses provided for under Section 3.02(a)(i)(B) of the 2012 Plan and Section 3.02(a)(i)(B) of the 2008 Plan for the period of time between the Change of Control and the Separation of Service shall be calculated for such period of time in accordance with the formula provided therein. If a benefit-qualifying Separation from Service under Section 3.01 of the 2012 Plan or Section 3.01 of the 2008 Plan occurs in a

7 year subsequent to the year in which a Change of Control occurs, any payments made under this Section IV shall not in any way satisfy Section 3.02(a)(i)(B) of the 2012 Plan or Section 3.02(a)(i)(B) of the 2008 Plan. SECTION V–GENERAL PROVISIONS 5.1 Amount Payable Upon Death of Employee. If an Award Recipient who is entitled to payment hereunder dies after becoming eligible for payment but before receiving full payment of the amount due, or if an Award Recipient dies and becomes a Terminated Award Recipient, all amounts due shall be paid as soon as practicable after the death of the Award Recipient, in a cash lump sum, to the beneficiary or beneficiaries designated by the Award Recipient to receive life insurance proceeds under Group Life and Accidental Death & Dismemberment Plan of Newmont USA Limited (or a successor plan) or a similar plan of a Affiliated Entity. In the absence of an effective beneficiary designation under said plan, any amount payable hereunder following the death of an Award Recipient shall be paid to the Award Recipient’s estate. 5.2 Right of Offset. To the extent permitted by applicable law, any Affiliated Entity may, in its sole discretion, apply any payments of a Corporate Performance Bonus (and an Individual Performance Bonus for a non-ELT Section 16 Officer) otherwise due and payable under this Section 16 STIP against any Award Recipient or Terminated Award Recipient loans outstanding to the Affiliated Entity, or other debts of the Award Recipient or Terminated Award Recipient to the Affiliated Entity. By accepting payments under this Section 16 STIP, the Award Recipient consents to the reduction of any compensation paid to the Award Recipient by the Affiliated Entity to the extent the Award Recipient receives an overpayment from the Section 16 STIP, as determined in the sole discretion of the LDCC. 5.3 Plan Modification or Termination. The LDCC or Board may at any time amend, modify, suspend or terminate the Section 16 STIP. However, upon or following a Change of Control, Section IV hereof may not be amended, suspended, or terminated until the obligations of Section IV hereof have been fully satisfied with respect to such Change of Control. 5.4 Payments Due Incapacitated Persons. If the LDCC or its delegate determines that any person entitled to a payment hereunder is incapacitated by reason of physical or mental disability, whether or not legally adjudicated as incompetent, the LDCC or its delegate shall have the power to cause the payment becoming due to such person to be made to another for their benefit, without responsibility of the LDCC or its delegate, Newmont, or any other person or entity to see to the application of such payment. Payments made pursuant to such power shall operate as a complete discharge of the LDCC, the Section 16 STIP, or any Affiliated Entity. 5.5 Severability. If any section, subsection, or specific provision of the Section 16 STIP is found to be illegal or invalid for any reason, such illegality or invalidity shall not affect

8 the remaining provisions of the Section 16 STIP, and Section 16 STIP shall be construed and enforced as if such illegal and invalid provision had never been set forth herein. 5.6 No Right to Employment. The establishment of the Section 16 STIP shall not be deemed to confer upon any person any legal right to be employed by, or to be retained in the employ of, any Affiliated Entity, or to give any Award Recipient or any person any right to receive any payment whatsoever, except as provided hereunder. All Eligible Employees and Award Recipients shall remain subject to discharge from employment to the same extent as if the Section 16 STIP had never been adopted. 5.7 Transferability. Any Corporate Performance Bonus (and Individual Performance Bonuses if to a non-ELT Section 16 Officer) payable hereunder is personal to the Award Recipient or Terminated Award Recipient and may not be sold, exchanged, transferred, pledged, assigned, or otherwise disposed of except by will or by the laws of descent and distribution. 5.8 Successors. The Section 16 STIP shall be binding upon and inure to the benefit of the Affiliated Entities and the Award Recipients and Terminated Award Recipients and their respective heirs, representatives, and successors. 5.9 Governing Law. The Section 16 STIP and all agreements hereunder shall be construed in accordance with and governed by the laws of the State of Colorado, unless superseded by federal law or foreign law. 5.10 Clawback. The LDCC or the Board (or any Affiliated Entity as so directed by the LDCC or the Board), to the full extent permitted by governing law, shall have the discretion to clawback or otherwise require reimbursement of any portion of a Corporate Performance Bonus (and any portion of an Individual Performance Bonuses to a non-ELT Section 16 Officer) previously paid to an Award Recipient pursuant to the terms of this Section 16 STIP if: a) the amount of such Corporate Performance Bonus was calculated based upon the achievement of certain financial results that were subsequently the subject of a restatement; b) the amount of such Corporate Performance Bonus that would have been awarded to the Award Recipient had the financial results been reported as in the restatement would have been lower than the Corporate Performance Bonus actually awarded, or; c) a clawback or reimbursement is otherwise permitted or required by any clawback, recoupment, offset, or other policies adopted by Newmont, including (i) under Newmont’s Clawback Policy in effect as of the date of this Section 16 STIP, or to the extent adopted following the date of this Section 16 STIP, any similar policy applicable to circumstances where the Award Recipient engages in misconduct, fraud, a violation of law or other similar circumstances, and, in each case, as such polies may be amended from time to time, or (ii) under applicable laws, regulations or stock exchange listing standards. No clawback, required reimbursement or other recovery of compensation as described in this Section 5.10 will be an event giving rise to the Award Recipient's right to resign for “good reason” or “constructive termination” (or similar term) under any plan of, or agreement with any Affiliated Entity. Additionally, the LDCC and the Board (and any Affiliated Entity as so directed by the LDCC or the Board), to the full extent permitted by governing law,

9 shall have the discretion to require clawback or reimbursement of any portion of a Corporate Performance Bonus (and any portion of an Individual Performance Bonus if to a non-ELT Section 16 Officer) previously paid to an Award Recipient pursuant to the terms of this Section 16 STIP if the Award Recipient is terminated for cause as defined in the 2020 Plan or the Executive Change of Control Plan of Newmont or as defined in the any other plan of Newmont or any Affiliated Entity. 5.11 Section 409A. It is the intention of Newmont that payments under the Section 16 STIP comply with or be exempt from Code Section 409A, and Newmont shall have complete discretion to interpret and construe the terms of the Section 16 STIP and any related plan or agreement in any manner that establishes an exemption from (or compliance with) the requirements of Code Section 409A. If for any reason, such as imprecision in drafting, any provision of the Section 16 STIP and/or any such plan or agreement does not accurately reflect its intended establishment of an exemption from (or compliance with) Code Section 409A, as demonstrated by consistent interpretations or other evidence of intent, such provision shall be considered ambiguous as to its exemption from (or compliance with) Code Section 409A and shall be interpreted by Newmont in a manner consistent with such intent, as determined in the discretion of Newmont. None of the Affiliated Entities shall be liable to any Award Recipient or any other person (i) if any provisions of the Section 16 STIP do not satisfy an exemption from, or the conditions of, Code Section 409A, or (ii) as to any tax consequence expected, but not realized, by any Award Recipient or other person due to the any payment under the Section 16 STIP. 5.12 Inapplicability of ERISA. The Section 16 STIP is intended to be a program described in Department of Labor Regulation Sections 2510.31(b) and 2510.3-2(c) and shall not be considered a plan subject to the U.S. Employee Retirement Income Security Act of 1974, as amended.

10 APPENDIX TO THE NEWMONT SECTION 16 OFFICER SHORT-TERM INCENTIVE PLAN For the 2024 Performance Period, the following Performance Metrics and corresponding Weighting Factors shall be used: 1For January to June of 2024, only legacy Newmont sites are included using the FRM targets as approved.

11 Target STIP Corporate Performance Bonus Level Percentage of Bonus Eligible Earnings Level 7 (CEO) 150% Level 6 (ELT Section 16 Officers) 85% - 110% Level 5 (Non-ELT Section 16 Officer) 49% Target STIP Individual Performance Bonus Level Percentage of Bonus Eligible Earnings Level 5 (Non-ELT Section 16 Officer) 21%

q42024exhibit1034

Exhibit 10.34 SEVERANCE PLAN FOR SECTION 16 OFFICERS OF NEWMONT Effective January 1, 2025

TABLE OF CONTENTS Page Severance Plan for Section 16 Officers of Newmont Effective January 1, 2025 i INTRODUCTION ......................................................................................................................... 1 ARTICLE I DEFINITIONS ................................................................................................. 1 ARTICLE II ELIGIBILITY .................................................................................................. 2 Section 2.01. General Eligibility Requirements ........................................................ 2 Section 2.02. Voluntary Special Retirement Program ............................................... 3 ARTICLE III SEVERANCE BENEFITS .............................................................................. 3 Section 3.01. Severance Based on Salary .................................................................. 3 Section 3.02. Severance for Section 16 Officers Not Based in the United States .................................................................................................... 4 Section 3.03. Coordination With Change of Control Programs or Other Plans ........ 4 Section 3.04. Payment of Severance .......................................................................... 4 Section 3.05. Other Benefits ...................................................................................... 5 Section 3.06. Return of Severance in the Event of Cause ......................................... 6 Section 3.07. Offset for Worker Adjustment and Retraining Notification Act Benefits ................................................................................................ 6 ARTICLE IV TERMINATION OF BENEFITS .................................................................... 7 ARTICLE V CONTINUATION OF HEALTH CARE COVERAGE .................................. 7 ARTICLE VI PROTECTION OF MEDICAL PRIVACY ..................................................... 7 ARTICLE VII COMMITTEES................................................................................................ 7 ARTICLE VIII CLAIMS PROCEDURE .................................................................................. 7 ARTICLE IX MISCELLANEOUS ........................................................................................ 7 Section 9.01. Plan Documentation ............................................................................. 7 Section 9.02. Funding of Severance Benefits ............................................................ 8 Section 9.03. Amount Payable Upon Death of Participant ........................................ 8 Section 9.04. Confidential Information ..................................................................... 8 Section 9.04. Application of Code Section 409A…………………………………...8 ARTICLE X AMENDMENT AND TERMINATION ......................................................... 8

Severance Plan for Section 16 Officers of Newmont Effective January 1, 2025 Page 1 of 8 SEVERANCE PLAN FOR SECTION 16 OFFICERS OF NEWMONT INTRODUCTION Newmont USA Limited and certain Affiliated Entities (“Newmont”) previously established the Executive Severance Plan of Newmont (the “Executive Plan”), for the purpose of providing severance to eligible executive Salaried Employees, including Section 16 Officers, for certain involuntary terminations. The Executive Plan was most recently restated effective January 1, 2023. As of November 1, 2024, all of the non-Section 16 Officers covered by the Executive Plan were covered by a new plan called the Severance Plan for Section 16 Officers of Newmont. The Leadership Development and Compensation Committee (“LDCC”) of the Newmont Corporation Board of Directors (“Board”) now hereby establishes this Severance Plan for Section 16 Officers of Newmont (the “Plan”), for the purpose of providing severance for certain involuntary terminations to eligible Section 16 Officers identified herein. This Plan is effective as of January 1, 2025. The remainder of the Executive Plan, to the extent it continued to apply to Section 16 Officers, is now hereby wholly replaced by this Plan, and the Executive Plan is no longer in effect as of December 31, 2024. This Plan is a Component Plan of the Employee Benefits Plan of Newmont (the “Employee Benefits Plan”). This Plan is a welfare benefit plan under ERISA, and constitutes a Component Plan of the Employee Benefits Plan. This Plan should be read and interpreted in conjunction with the Employee Benefits Plan, with both the Plan and the Employee Benefits Plan comprising the plan document. In the event of an inconsistency between this Plan and the Employee Benefits Plan or an applicable Component Plan, the terms of this Plan shall control. ARTICLE I DEFINITIONS The following definitions shall apply to this Plan. The definitions set forth in the Employee Benefits Plan shall apply for to any capitalized term in this Plan not otherwise defined herein. “Cause” means: a) engagement in illegal conduct or gross negligence or willful misconduct, provided that if the Section 16 Officer acted in accordance with an authorized written opinion of Employer’s legal counsel, or an Affiliated Entity’s legal counsel, such action will not constitute “Cause;” b) any dishonest or fraudulent activity by the Section 16 Officer or the reasonable belief by the Employer of the Section 16 Officer’s breach of any contract, agreement or representation with the Employer or an Affiliated Entity; c) dereliction of duty; or d) violation of Newmont Corporation’s Code of Conduct. “Employer” means any Participating Employer, now or hereafter formed, which employs any Section 16 Officer. “Involuntary Termination” means any involuntary termination of employment of a Section 16 Officer by the Employer for any reason determined in the Employer’s sole discretion other than an involuntary termination of employment: (a) for Cause, as determined in the sole discretion of

Severance Plan for Section 16 Officers of Newmont Effective January 1, 2025 Page 2 of 8 Employer (or if after termination it is determined the Section 16 Officer could have been terminated for Cause); (b) due to a disability under a disability plan of Newmont, provided that such involuntary termination is executed in accordance with applicable law; (c) that is a voluntary termination or resignation (which includes a Normal or Early Retirement pursuant to the Pension Plan of Newmont as those terms are defined therein); or (d) death of the Section 16 Officer prior to their termination of employment. For avoidance of doubt, an Involuntary Termination shall not be deemed to have occurred if a Section 16 Officer accepts any other position with Employer or an Affiliated Entity, regardless of whether such Section 16 Officer subsequently resigns from such position. “Salary” means the Section 16 Officer’s annual base salary as of termination of employment. Salary shall not include any extra pay, including but not limited to pay for foreign service or foreign assignment, premium pay, hardship pay, moving allowances, bonuses, the cost of goods and services, danger pay, or the value of any stock/equity-based compensation (including but not limited to restricted stock units, common stock or performance stock units). “Section 16 Officer” means an officer of Newmont Corporation as defined in Rule 16(a)- 1f of the Securities Exchange Act of 1934, as amended. “Service” means continuous service with the Employer or an Affiliated Entity commencing on the Section 16 Officer's most recent date of hire and each successive 12-month period thereafter, as determined in Newmont’s sole discretion. In addition, Service will include prior continuous service with an AGA entity, a Goldcorp entity, a Newcrest entity, or any other entity acquired by a Newmont entity, immediately preceding the acquisition of such entity by a Newmont entity, who continues employment with the Employer, as determined in Newmont’s sole discretion. Service shall not include any period for which a Section 16 Officer is paid severance regardless of the entity that provides severance payments. An eligible Section 16 Officer, in such case, will commence Service under the Plan on the first day after expiration of a severance period. “Severance Period” means the total number of weeks or months of Salary for which the Section 16 Officer is paid Salary pursuant to Article II. “Waiver and Release” means a document, in a form established by Newmont, under which a Section 16 Officer waives and releases the Employer and Affiliated Entities and any current or former director, officer, employee, agent or representative from any and all claims arising out of or relating to such Section 16 Officer’s employment with and termination from an Employer. Such release shall include, but shall not be limited to, a waiver and release by such Section 16 Officer of pursuit of any action based on wrongful termination, state, federal and foreign non- discrimination in employment laws and state, federal and foreign compensation and benefits laws (including ERISA) to the fullest extent permitted by law. ARTICLE II ELIGIBILITY Section 2.01. General Eligibility Requirements. The benefits provided under this Plan will be available to Section 16 Officers employed by any Employer who are in the levels of work

Severance Plan for Section 16 Officers of Newmont Effective January 1, 2025 Page 3 of 8 set forth below at the time of the Section 16 Officer’s termination of employment, provided the following requirements are met: (a) The Section 16 Officer leaves employment with the Employer due to their Involuntary Termination; and (b) The Section 16 Officer delivers an executed Waiver and Release and the Waiver and Release becomes irrevocable not later than seventy (70) days following the date of the Section 16 Officer’s Involuntary Termination (or such earlier date as is indicated on such Waiver and Release), unless an extension of time to execute the Waiver and Release is granted in writing by the Employer, in the Employer’s sole discretion. The Employer shall furnish such a Waiver and Release to the Section 16 Officer prior to or following the Section 16 Officer’s Involuntary Termination; and (c) The Section 16 Officer complies with any other requirements that are required by the Employer (for example, repayment of any personal expenses previously paid by Newmont). Section 2.02. Voluntary Special Retirement Program. Notwithstanding anything in this Article II to the contrary, an individual who receives severance under a voluntary special retirement program shall not be eligible to receive any severance under this Plan unless otherwise specified by the Board or its delegate. ARTICLE III SEVERANCE BENEFITS Section 3.01. Severance Based on Salary. Severance benefits shall consist of a portion of Salary calculated as follows: Level of Work at time of termination Severance amount based on Salary Level 7 (CEO and member of the Executive Leadership Team (ELT)) 24 months of Salary Level 6 (Other ELT members) 15 months of Salary + 1 month of Salary for every year of Service up to a maximum total of 18 months of Salary Level 5 12 months of Salary + 1 month of Salary for every year of Service up to a maximum total of 15 months of Salary The above formulas will include a pro-rata calculation for any partial year of Service based on the number of months of employment in the partial year with the Employer. Credit for a month of Service will be given for a month if the Section 16 Officer is employed by the Employer for one day after their monthly anniversary date.

Severance Plan for Section 16 Officers of Newmont Effective January 1, 2025 Page 4 of 8 In order to determine weekly Salary, Salary is determined based on annual Salary divided by 52. If paid in a lump sum, the Severance Period shall still be considered the number of weeks or months of Salary for which the Section 16 Officer is paid pursuant to the above. Section 3.02. Severance for Section 16 Officers Not Based in the United States. If a Section 16 Officer is eligible for severance but is based in a location outside of the United States, the Section 16 Officer will receive a severance benefit equal to the greater of: (a) the severance provided for in the Section 16 Officer’s offer letter or contract, if any, or as required by the local law of the country in which the Section 16 Officer is based when the Section 16 Officer is subject to an Involuntary Termination; provided, however, that the severance required by local law (including pursuant to any offer letter or contract provided to a Section 16 Officer) is equal to or exceeds what the Section 16 Officer would be eligible for under Section 3.01; or (b) the severance provided under Section 3.01; provided, however, that if severance required by local law is less than the severance provided under Section 3.01, the Section 16 Officer will receive the severance required by local law, plus the difference between that amount and the severance provided under Section 3.01, but in no event shall the total severance exceed the severance provided for in Section 3.01. For avoidance of doubt, by way of example, if local law requires a severance of 3 months of Salary plus a holiday bonus month of salary (i.e., four months total of Salary), and Section 3.01 would require a benefit of 15 months of Salary—the Section 16 Officer would receive 4 months of Salary under local law, plus 11 months of Salary under Section 3.01, for a total of 15 months of Salary—the employee would not receive 19 months of Salary. Section 3.03. Coordination With Change of Control Programs or Other Plans. If a Section 16 Officer who is eligible for severance under this Plan is also eligible to receive benefits and payments under a change of control plan of Newmont, the Section 16 Officer shall only be entitled to receive severance under this Plan or under the applicable change of control plan, but not both, and shall be entitled to receive the greater of the benefits and payments otherwise payable under this Plan or the benefits and payments otherwise payable under the applicable change of control plan. Subject to the preceding sentence, if a Section 16 Officer is eligible for severance under this Plan, the Section 16 Officer shall not be entitled to severance benefits under any other severance plan of Newmont. Section 3.04. Payment of Severance. The amount of cash severance benefits payable to a Section 16 Officer under this Article III shall be paid in a single cash lump sum as soon as administratively possible following the Section 16 Officer’s termination of employment and the Section 16 Officer’s execution of a Waiver and Release, and the expiration of the applicable revocation period (if any), subject to any legal requirements pertaining to the timing of the payment. Such amount shall be paid by the fifteenth day of the third month following the year in which the Section 16 Officer met the requirements to receive severance under this Plan.

Severance Plan for Section 16 Officers of Newmont Effective January 1, 2025 Page 5 of 8 Section 3.05. Other Benefits. (a) Health, Vision, Dental, and Employee Assistance Program Continuation Coverage. A Section 16 Officer who is eligible to receive severance under this Plan and has experienced an involuntary termination of employment, will be entitled to Employer- paid continuation coverage for the Health Plan (which includes prescription drug coverage), Vision Plan, Dental Plan, and Employee Assistance Program, for the coverage the Section 16 Officer was enrolled in immediately prior to their Involuntary Termination, as well as the Employee Assistance Program, if and as such plans and program then exist, for the Severance Period; provided, however, if the Section 16 Officer and/or their Dependents become eligible for coverage with a new employer or company, the continuation coverage provided for in this Section 3.05(a) shall cease. Also, in the event the Section 16 Officer elects to enroll in Medicare before or during the Severance Period and thereby ceases to receive benefits under this Section 3.05 pursuant to the Employee Benefits Plan before the end of the Severance Period, the Section 16 Officer’s Dependents may nevertheless continue Employer-paid benefits during the Severance Period pursuant to this Section. However, in no event shall the Employer-paid continuation coverage extend beyond the period of time that the Section 16 Officer and their Dependents would otherwise be entitled to continue coverage under the provisions of the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). The COBRA period will run concurrently with coverage provided for under this Section. In the event the number of weeks of salary paid as a severance benefit is less than the Section 16 Officer’s COBRA period, if so elected, COBRA coverage may continue at the Section 16 Officer’s sole expense for the remaining COBRA period, as calculated from the date of the Section 16 Officer’s qualifying event, provided that the Section 16 Officer complies with all COBRA requirements. (b) Outplacement Services. A Section 16 Officer who is eligible to receive severance benefits under this Plan will be entitled to outplacement services with a vendor of Employer’s choice for 12 months beginning with the month immediately following termination of employment, or beginning with the month that the Section 16 Officer chooses, provided that it is within six (6) months of the Section 16 Officer’s termination. (c) Short-Term Incentive Bonus and Treatment of Equity. (i) An ELT Section 16 Officer who is eligible to receive severance under this Plan and has experienced an Involuntary Termination of employment will be entitled to a Corporate Performance Bonus based on actual performance for the year preceding their termination if the Corporate Performance Bonus has not yet been paid upon their termination, and a pro-rated Corporate Performance Bonus based on actual performance for the year in which they are terminated, in accordance with the applicable short-term incentive bonus plan, as such Corporate Performance Bonus may be adjusted by the LDCC or the Board. (ii) A non-ELT Section 16 Officer who is eligible to receive severance under this Plan and has experienced an Involuntary Termination of employment will be entitled to a Corporate Performance Bonus and an Individual Performance Bonus based on actual performance for the year preceding their termination if the

Severance Plan for Section 16 Officers of Newmont Effective January 1, 2025 Page 6 of 8 Corporate Performance Bonus and Individual Performance Bonus have not yet been paid upon their termination, and a pro-rated Corporate Performance Bonus and an Individual Performance Bonus based on their target goals for the year in which they are terminated, in accordance with the applicable short-term incentive bonus plan, as such Corporate Performance Bonus and/or Individual Performance Bonus may be adjusted by the LDCC or the Board. (iii) A Section 16 Officer who has experienced an Involuntary Termination of employment and who is eligible to receive severance under this Plan, who also is considered retirement eligible under the applicable definition in any outstanding award agreement for restricted stock units (“RSUs”) and/or performance stock units (“PSUs”), will be entitled to have any outstanding RSUs and PSUs vest in accordance with the retirement provision(s) of the award agreement(s), notwithstanding anything to the contrary in such award agreements, provided that such Section 16 Officer executes and does not revoke a Waiver and Release. In other words, such award agreement(s) are deemed amended by this Section 3.05(c)(iii). (d) Controlling Plan Provisions. Benefits provided pursuant to this Section 3.05 shall be governed by the respective benefits plans, including rules pertaining to COBRA and claims for benefits. Section 3.06. Return of Severance in the Event of Cause. In the event Newmont determines that Cause existed for the termination of a Section 16 Officer’s employment after the Section 16 Officer has been offered or received severance benefits pursuant to this Plan, the Employer shall be entitled to recover such amounts from the Section 16 Officer, or not pay any amounts not yet paid to the Section 16 Officer, or offset any other amounts owed by the Employer to the Section 16 Officer; provided, however, that Newmont shall not offset any benefits payable by the Plan to the extent such offset would result in the imposition of taxes or penalties pursuant to Code Section 409A and the Treasury Regulations issued thereunder. To the extent that Newmont has any other clawback-type policy applicable to the benefits paid pursuant to this Plan (including, but not limited to, Newmont’s Clawback Policy), the most comprehensive and expansive terms of either this Section 3.06 or the other clawback policy (or both as construed together) shall control. Section 3.07. Offset for Worker Adjustment and Retraining Notification Act Benefits. In the event a Section 16 Officer is entitled to benefits under this Plan and is also entitled to benefits under the Worker Adjustment and Retraining Notification Act (“WARN”) and/or any similar state law, then any salary paid during a WARN notice period, and any medical, vision, dental and employee assistance program coverage during a WARN notice period shall reduce the payments and benefits to the Section 16 Officer under this Plan. In the event a Section 16 Officer’s benefits under this Plan are exhausted by payments with respect to the WARN notice period, such Section 16 Officer shall not be entitled to any benefits under this Plan with the exception of outplacement services.

Severance Plan for Section 16 Officers of Newmont Effective January 1, 2025 Page 7 of 8 ARTICLE IV TERMINATION OF BENEFITS Benefits under the Plan will terminate in accordance with the provisions of Article IV of the Employee Benefits Plan. ARTICLE V CONTINUATION OF HEALTH CARE COVERAGE Continuation of coverage under the Plan shall be permitted only with respect to health coverage described in Section 3.05(a) in accordance with Section 5.04 of the Employee Benefits Plan. ARTICLE VI PROTECTION OF MEDICAL PRIVACY The Plan is generally not subject to HIPAA. The provisions of Article VI of the Employee Benefits Plan apply to the Plan only with respect to benefits described in Section 3.05(a). ARTICLE VII COMMITTEES The Plan shall be administered in accordance with and by the Committees described in Article VII of the Employee Benefits Plan, although any final decisions for any Section 16 Officer will be made by the LDCC or its delegate (with the exception of the CEO, for whom any final decisions will be made by the Board of Directors for Newmont Corporation or its delegate). ARTICLE VIII CLAIMS PROCEDURE The applicable claims procedures described in Article VIII of the Employee Benefits Plan apply to the Plan. The Plan is subject to the “non-medical claims” provisions of Article VIII of the Employee Benefits Plan; provided, however, that benefits described in Section 3.05(a) shall be subject to the “medical claims” provisions of Article VIII of the Employee Benefits Plan. ARTICLE IX MISCELLANEOUS Section 9.01. Plan Documentation. The Plan and the Employee Benefits Plan shall be read together and, in all cases, shall constitute the “plan document” for purposes of ERISA and other applicable laws. In all cases, the Plan and the Employee Benefits Plan shall be read together

Severance Plan for Section 16 Officers of Newmont Effective January 1, 2025 Page 8 of 8 and treated as a single plan. In the event the provisions of this Plan are inconsistent with the Employee Benefits Plan or an applicable component plan, the provisions of this Plan shall control. Section 9.02. Funding of Severance Benefits. All severance benefit payments under this Plan will be made by the Employer from its general funds and no Section 16 Officer shall have any right with respect to any specific assets of the Employer and no Section 16 Officer shall be a general creditor of the Employer with respect to any amounts payable hereunder. Section 9.03. Amount Payable Upon Death of Participant. If a Section 16 Officer dies before receiving payment of the amount due hereunder, such amount shall be paid, in a cash lump sum, to the beneficiary or beneficiaries designated by the Section 16 Officer to receive life insurance proceeds under the Employer’s Life Insurance Plan. In the absence of an effective beneficiary designation, any amount payable hereunder following the death of a Section 16 Officer shall be paid to the Section 16 Officer’s estate. Section 9.04. Confidential Information. Each Section 16 Officer shall hold in a fiduciary capacity for the benefit of the Employer all secret or confidential information, knowledge or data relating to the Employer or any of its Affiliated Entities, and their respective businesses, which shall have been obtained by the Section 16 Officer during the Section 16 Officer’s employment by the Employer or any of its Affiliated Entities and which shall not be or become public knowledge (other than by acts by the Section 16 Officer or representatives of the Section 16 Officer in violation of this Plan). After termination of a Section 16 Officer’s employment with the Employer, the Section 16 Officer shall not, without the prior written consent of the Employer or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge or data to anyone other than the Employer and those designated by it. Section 9.05. Application of Code Section 409A. This Plan is intended to be exempt from Code Section 409A. In the event and to the extent Section 409A applies to the Plan, the Plan shall be amended, construed and administered as necessary to comply with Code Section 409A. ARTICLE X AMENDMENT AND TERMINATION The Plan may be amended or terminated in accordance with Article X of the Employee Benefits Plan. The LDCC, by its duly authorized Chair, has executed the Plan on the date written below. Dated: ____________________ LDCC, Plan Sponsor By Name Title

Document

									EXHIBIT 21
NEWMONT CORPORATION AND SUBSIDIARIES
As of December 31, 2024
Name								Incorporation	Ownership*
Newmont Corporation								Delaware, USA
	Goldcorp Inc.							Delaware, USA	100.0000%
		1144963 B.C. Ltd.						British Columbia	100.0000%
			North American Metals Corp.					British Columbia	52.9083%
		Administradora de Negocios Mineros S.A. de C.V.						Mexico	>99.9999%
			Goldcorp S.A. de C.V.					Mexico	27.8573%
				Administradora de Negocios Mineros S.A. de C.V.				Mexico	<0.0001%
				Minera Peñasquito S.A. de C.V.				Mexico	99.9867%
					Goldcorp S.A. de C.V.			Mexico	<0.0013%
				Servicios Administrativos Goldcorp, S.A. de C.V.				Mexico	>99.9999%
			Servicios Administrativos Goldcorp, S.A. de C.V.					Mexico	<0.0001%
		Goldcorp Canada Ltd.						Canada Federal	100.0000%
			1516847 B.C. Ltd.					British Columbia	100.0000%
			Dhilmar Eleonore GP ULC					British Columbia	100.0000%
			Goldcorp (Barbados) Inc.					Barbados	100.0000%
				Goldcorp Aureus Inc.				Barbados	100.0000%
					Pueblo Viejo (Jersey) 1 Limited			Jersey	40.0000%
						Pueblo Viejo (Jersey) 2 Limited		Jersey	100.0000%
				Goldcorp Tesoro Inc.				Barbados	100.0000%
					Datawave Sciences Inc.			British Virgin Islands	100.0000%
						Minera Goldcorp Chile S.p.A.		Chile	0.1600%
						NuevaUnion S.p.A.		Chile	11.9086%
							El Morro S.p.A.	Chile	100.0000%
					Minera Goldcorp Chile S.p.A.			Chile	99.8400%
						NuevaUnion S.p.A.		Chile	38.0914%
				Newmont Servicios Chile S.p.A.				Chile	0.0077%
			Goldcorp Global Services Inc.					British Columbia	100.0000%
			Goldcorp Kaminak Ltd.					British Columbia	100.0000%
			Musselwhite Mine Ltd.					British Columbia	100.0000%
			Newmont Goldcorp Integrated Services Inc.					Ontario	100.0000%
			Newmont Goldcorp Red Lake Holdings Ltd.					British Columbia	100.0000%
				Red Lake Gold Mines				Ontario	0.1000%
			Red Lake Gold Mines					Ontario	99.9000%
		Goldcorp Exeter Ltd.						British Columbia	100.0000%
			Goldcorp MC Holding S.p.A.					Chile	100.0000%
				Norte Abierto S.p.A.				Chile	34.1615%
			Goldcorp Stratum Holdings (Canada) ULC					British Columbia	100.0000%
				Newmont Servicios Chile S.p.A.				Chile	99.9923%
				Norte Abierto Holdings (Canada) ULC				British Columbia	50.0000%
					Norte Abierto S.p.A.			Chile	31.6770%
		Goldcorp General Holdings Ltd.						British Columbia	100.0000%
		Goldcorp S.A. de C.V.						Mexico	72.1414%
		Goldcorp USA Holdings Ltd.						Delaware, USA	100.0000%
			Goldcorp America Holdings Inc.					Nevada, USA	100.0000%
				Goldcorp USA Inc.				Nevada, USA	100.0000%
					Goldcorp USA Services Inc.			Nevada, USA	100.0000%
					Glamis Rand Mining Company			Nevada, USA	100.0000%
		Honduras Holdings Ltd.						Cayman Islands	100.0000%
			Prestadora de Servicios Generales, S.A. de C.V.					Honduras	99.6000%
		International Mineral Finance B.V.						Netherlands	100.0000%
		Goldcorp Holdings B.V.			Netherlands	100.0000%
---	---	---	---	---	---	---
			Goldcorp Trading B.V.		Netherlands	100.0000%
				Oroplata S.A.	Argentina	99.7450%
	Mexicana Resources Inc.				British Columbia	100.0000%
		Minera Peñasquito S.A. de C.V.			Mexico	<0.0133%
		Montana Exploradora de Guatemala S.A.			Guatemala	1.0000%
		Peridot S.A.			Guatemala	2.0000%
		Sermineros de Mexico S.A. de C.V.			Mexico	<0.0001%
	Montana Exploradora de Guatemala S.A.				Guatemala	99.0000%
	Newmont Goldcorp Insurance Company Inc.				Barbados	100.0000%
	Newmont Saddle Minerals Ltd.				British Columbia	100.0000%
	North American Metals Corp.				British Columbia	47.0917%
	Oroplata S.A.				Argentina	0.2550%
	Peridot S.A.				Guatemala	98.0000%
	Sermineros de Mexico S.A. de C.V.				Mexico	>99.9999%
Newcrest Resources, Inc.					Delaware, USA	100.0000%
	Newcrest USA Finance LLC				Delaware, USA	100.0000%
	Newroyal Resources Inc.				Delaware, USA	100.0000%
Newmont Australia Pty Ltd					Victoria, Australia	100.0000%
	Hotham Wind Farm Pty. Ltd.				Western Australia	100.0000%
	Newmont AP Power Pty Ltd				Western Australia	100.0000%
	Newmont Boddington Pty Ltd				Western Australia	100.0000%
		Newmont Boddington Gold Pty Ltd			Western Australia	100.0000%
	Newmont Capital Pty Ltd				New South Wales, Australia	100.0000%
	Newmont Exploration Holdings Pty Ltd				Queensland, Australia	100.0000%
	Newmont Exploration Pty Ltd				Victoria, Australia	100.0000%
	Newmont Landco Pty Ltd				Western Australia	100.0000%
	Newmont Mining Finance Pty Ltd				Australian Capital Territory	100.0000%
	Newmont Mining Holdings Pty Ltd				South Australia	100.0000%
		Newmont Gold Pty Ltd			Western Australia	100.0000%
	Newmont Mining Services Pty Ltd				Western Australia	100.0000%
	Newmont Tanami Pty Ltd				Western Australia	100.0000%
	Newmont Woodcutters Pty Ltd				New South Wales, Australia	100.0000%
	Newmont Yandal Operations Pty Ltd				Victoria, Australia	100.0000%
Newmont Canada FN Holdings ULC					British Columbia	<.0001%
Newmont Capital Limited					Nevada, USA	100.0000%
	Miramar Gold Corporation				Nevada, USA	100.0000%
	Newmont Indonesia, LLC				Delaware, USA	100.0000%
	NVL (USA) Limited				Delaware, USA	100.0000%
	Orcana Resources Inc.				Nevada, USA	100.0000%
	Talapoosa Mining Inc.				Nevada, USA	100.0000%
Newmont CC&V Mining Corporation					Delaware, USA	100.0000%
	Cripple Creek & Victor Gold Mining Company LLC				Colorado, USA	99.9000%
		The LeClair Consolidated Mines Company			Colorado, USA	100.0000%
		The Matoa Gold Mining Company			Wyoming, USA	100.0000%
	GCGC LLC				Colorado, USA	100.0000%
		Cripple Creek & Victor Gold Mining Company LLC			Colorado, USA	0.1000%
Newmont FH B.V.					Netherlands	100.0000%
	Newmont Canada Holdings ULC				British Columbia	100.0000%
Newmont Golden Ridge Limited					Ghana	100.0000%
Newmont Holdings ULC					Nova Scotia	100.0000%
	Newmont Canada FN Holdings ULC				British Columbia	99.9846%
		Miramar Northern Mining Ltd.			British Columbia	100.0000%
			Con Exploration Ltd.		British Columbia	100.0000%
			Miramar HBG Inc.		Quebec	100.0000%
		Newmont Canada Corporation			Nova Scotia	100.0000%
			Hemlo Gold Mines (Ghana) Limited		Ghana	100.0000%
			Newmont Canada FN Holdings ULC				British Columbia	0.0154%
---	---	---	---	---	---	---	---	---
			PT Newmont Minahasa Raya				Indonesia	80.0000%
		Newmont Galore Creek Holdings Corporation					British Columbia	100.0000%
			Galore Creek Partnership				British Columbia	50.0000%
				Galore Creek Mining Corporation			British Columbia	100.0000%
		NeXtech Drilling Ltd.					Alberta	100.0000%
Newmont International Holdings							Australia	100.0000%
	Newmont Overseas Holdings Pty Ltd						Australia	100.0000%
		Newcrest Mining Limited					Australia	100.0000%
			Cadia Holdings Pty Limited				Australia	100.0000%
				Contango Agricultural Company Pty Ltd			Australia	100.0000%
			Lihir Gold Limited				Papua New Guinea	100.0000%
				Lihir Management Company Limited			Papua New Guinea	100.0000%
			Newcrest Finance Pty Limited				Australia	100.0000%
			Newcrest Holdings (Investments) Pty Limited				Australia	100.0000%
			Newcrest Insurance Pte. Ltd.				Singapore	100.0000%
			Newcrest International Pty Ltd				Australia	100.0000%
				600 Holdings Inc			USA	100.0000%
					Newcrest USA, Inc.		USA	100.0000%
				Newcrest British Columbia 2 Mining Ltd.			Canada, British Columbia	100.0000%
				Newcrest Canada Holdings Inc.			Canada	100.0000%
				Newcrest Canada Inc.			Canada	100.0000%
					Lundin Gold Inc.		Canada	32.0000%
				Newcrest Canada Services Inc.			Canada	100.0000%
				Newcrest Chile Holdings 1 Limited			Bermuda	100.0000%
				Newcrest Chile Holdings 2 Limited			Bermuda	100.0000%
				Newcrest Chile SpA			Chile	100.0000%
				NewcrestEcuador S.A.			Ecuador	99.0000%
				Newcrest Exploration Holdings Pty Ltd			Australia	100.0000%
					NewcrestEcuador S.A.		Ecuador	1.0000%
				Newcrest Fiji Exploration Holdings 1 Pte. Ltd.			Singapore	100.0000%
					Newcrest Exploration (Fiji) Pte. Limited		Fiji	50.0000%
				Newcrest Fiji Exploration Holdings 2 Pte. Ltd.			Singapore	100.0000%
					Newcrest Exploration (Fiji) Pte. Limited		Fiji	50.0000%
				Newcrest (Fiji) Pte Limited			Fiji	100.0000%
				Newcrest PNG 2 Limited			Papua New Guinea	100.0000%
					Wafi-Golpu Services Limited		Papua New Guinea	50.0000%
				Newcrest PNG 3 Limited			Papua New Guinea	100.0000%
					Morobe Exploration Services Limited		Papua New Guinea	50.0000%
				Newcrest PNG Exploration Limited			Papua New Guinea	100.0000%
				Newcrest PNG Wamum Limited (PNG)			Papua New Guinea	100.0000%
				Newcrest Peru Holdings 1 Limited			Bermuda	100.0000%
					Minera Newcrest Peru SAC		Peru	50.0000%
				Newcrest Peru Holdings 2 Limited			Bermuda	100.0000%
					Minera Newcrest Peru SAC		Peru	50.0000%
				Newcrest Red Chris Mining Limited			Canada, British Columbia	100.0000%
				Pretium Resources Inc.			Canada, British Columbia	100.0000%
					0890696 B.C. Ltd.		Canada, British Columbia	100.0000%
				PT Nusantara Bintang Management			Indonesia	95.0000%
				Sulawesi Investments Pty Limited			Australia	100.0000%
					PT Nusantara Bintang Management		Indonesia	5.0000%
				Surnorte Ventures Pte. Ltd.			Singapore	50.0000%
					Surnorte Holdings I Pte. Ltd.		Singapore	100.0000%
						Surnorte S.A	Ecuador	50.0000%
					Surnorte Holdings II Pte. Ltd.		Singapore	100.0000%
						Surnorte S.A	Ecuador	50.0000%
				Wafi Golpu Australia Services Pty Ltd			Australia	50.0000%
			Newcrest Services Pty Limited				Australia	100.0000%
---	---	---	---	---	---	---	---	---
			Newcrest Technology Pty Ltd				Australia	100.0000%
			Newgen Pty Ltd				Australia	100.0000%
			Newmont NOL Pty Limited				Australia	100.0000%
				Greatland Gold plc			United Kingdom	20.4000%
			Niugini Mining (Australia) Pty Ltd				Australia	100.0000%
				Newcrest West Africa Holdings Pty Ltd			Australia	100.0000%
					LGL Holdings CI SA		Ivory Coast	98.0000%
						LGL Development CI SA	Ivory Coast	98.0000%
					LGL Mount Rawdon Operations Pty Ltd		Australia	100.0000%
						LGL CDI Investments Pty Ltd	Australia	100.0000%
					Newcrest Dougbafla Holdings Pte. Ltd.		Singapore	100.0000%
						Newcrest Dougbafla CI SA	Ivory Coast	89.8900%
Newmont LaSource SAS							France	100.0000%
	Newmont Ghana Gold Limited						Ghana	100.0000%
Newmont Services Costa Rica Sociedad de Responsabilidad Limitada							Costa Rica	100.0000%
Newmont Suriname, LLC							Delaware, USA	100.0000%
	Suriname Gold Project CV						Suriname	75.0000%
Newmont USA Limited							Delaware, USA	100.0000%
	Battle Mountain Resources Inc.						Nevada, USA	100.0000%
	Dawn Mining Company LLC						Delaware, USA	58.1855%
	Elko Land and Livestock Company						Nevada, USA	100.0000%
		ELLC Grazing Membership LLC					Nevada, USA	100.0000%
	Empresa Minera Maria SRL						Bolivia	75.4286%
	Fronteer Development (USA) LLC						Delaware, USA	100.0000%
		Fronteer Development LLC					Delaware, USA	100.0000%
		Fronteer Royalty LLC					Delaware, USA	100.0000%
		Nevada Eagle Resources LLC					Nevada, USA	100.0000%
	Hospah Holdings Company						Delaware, USA	100.0000%
	Idarado Mining Company						Delaware, USA	80.1674%
	Minera BMG						Nevada, USA	100.0000%
		Minera Choluteca S.A. de C.V.					Honduras	48.0000%
	Minera Newmont (Chile) Limitada						Chile	99.3827%
	Nevada Gold Mines LLC						Delaware, USA	38.5000%
	Newmont Australia Investment Limited						Delaware, USA	100.0000%
	Newmont Bolivia Limited						Nevada, USA	100.0000%
	Newmont de Mexico, S.A. de C.V.						Mexico	>99.9999%
		Minera Oro Valenciana, S.A.P.I. de C.V.					Mexico	49.0000%
	Newmont Global Employment Limited Partnership						Bermuda	99.0000%
	Newmont Gold Company						Delaware, USA	100.0000%
	Newmont GTR LLC						Nevada, USA	100.0000%
	Newmont Indonesia Investment Limited						Delaware, USA	100.0000%
	Newmont International Services Limited						Delaware, USA	100.0000%
		Newmont Global Employment Limited Partnership					Bermuda	1.0000%
		PT Newmont Pacific Nusantara					Indonesia	1.0000%
	Newmont Latin America Limited						Delaware, USA	100.0000%
		Minera Los Tapados S.A.					Peru	0.0134%
		Minera Newmont (Chile) Limitada					Chile	0.6173%
		Newmont de Mexico S.A. de C.V.					Mexico	<0.0001%
	Newmont McCoy Cove Limited						Nevada, USA	100.0000%
	Newmont North America Exploration Limited						Delaware, USA	100.0000%
	Newmont Overseas Exploration Limited						Delaware, USA	100.0000%
		Newmont Exploration Limited Cote D'Ivore					Cote D'Ivore	100.0000%
		PT Newmont Pacific Nusantara					Indonesia	99.0000%
		Takari Mining SAS					France	50.0000%
	Newmont Peru Limited						Delaware, USA	100.0000%
		Minera Los Tapados S.A.					Peru	99.9866%
		Newmont Investment Holdings LLC		Delaware, USA	100.0000%
---	---	---	---	---	---
			Newmont Peru S.R.L.	Peru	<.0001%
		Newmont Peru S.R.L.		Peru	>99.9999%
			Minera Yanacocha S.R.L.	Peru	<.0001%
			Newmont Peru Royalty S.R.L.	Peru	99.9999%
	Newmont Realty Company			Delaware, USA	100.0000%
	Newmont Second Capital Corporation			Delaware, USA	100.0000%
		Minera Yanacocha S.R.L.		Peru	>99.9999%
		Newmont Mines Limited		Delaware, USA	100.0000%
	Newmont Technologies Limited			Nevada, USA	100.0000%
	New Verde Mines LLC			Delaware, USA	100.0000%
	Resurrection Mining Company			Delaware, USA	100.0000%
	San Juan Basin Holdings Company			Delaware, USA	100.0000%
	Santa Fe Pacific Gold Corporation			Delaware, USA	100.0000%
Newmont Ventures Limited				Delaware, USA	100.0000%
	Newmont (Guyana) Incorporated			Guyana	100.0000%
	NVL Argentina S.R.L.			Argentina	90.0344%
	NVL PNG Limited			Papua New Guinea	100.0000%
	NVL Solomon Islands Limited			Solomon Islands	100.0000%
	Saddleback Investments Pty Ltd			Western Australia	100.0000%
Normandy Overseas Holding Company Sdn Bhd				Malaysia	100.0000%
Normandy Company (Malaysia) Sdn Bhd				Malaysia	100.0000%
NVL Argentina S.R.L.				Argentina	9.9656%
Pittston Nevada Gold Company, Ltd.				Nevada, USA	100.0000%
	West Pequop Project LLC			Nevada, USA	100.0000%
		Pequop Exploration LLC		Nevada, USA	100.0000%
Prestadora de Servicios Generales, S.A. de C.V.				Honduras	0.4000%

* Ownership percentages relate to that of the entity directly above, with indentation used to reflect intermediary levels of ownership.

Document

Exhibit 22

Subsidiary Co-Issuer and Subsidiary Guarantor

The following subsidiary of Newmont Corporation (the "Company") was, as of December 31, 2024, guarantor of the Company's (i) 2.800% Senior Notes due 2029, (ii) 2.250% Senior Notes due 2030, (iii) 2.6% Sustainability-Linked Senior Notes due 2032, (iv) 5.875% Senior Notes due 2035, (v) 6.250% Senior Notes due 2039, (vi) 4.875% Senior Notes due 2042, (vii) 5.450% Senior Notes due 2044, (viii) 3.25% Senior Notes due 2030, (ix) 5.75% Senior Notes due 2041, (x) 4.20% Senior Notes due 2050, (xi) 5.30% Senior Notes due March 2026, (xii) 5.35% Senior Notes due 2034:

Name	Incorporation
Newmont USA Limited	Delaware

The following subsidiary of Newmont Corporation (the "Company") was, as of December 31, 2024, co-issuer of the Company's (i) 3.25% Senior Notes due 2030, (ii) 5.75% Senior Notes due 2041, (iii) 4.20% Senior Notes due 2050, (iv) 5.30% Senior Notes due 2026, and (v) 5.35 Senior Notes due 2034:

Name	Incorporation
Newcrest Finance Pty Limited	Australia

Document

Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the following Registration Statements:

1)Registration Statements (Form S-8 Nos. 333-124653 and 333-171298), pertaining to the Newmont Mining Corporation 2005 Stock Incentive Plan;

2)Registration Statements (Form S-8 Nos. 333-188128 and 333-214662), pertaining to the Newmont Mining Corporation 2013 Stock Incentive Plan;

3)Registration Statement (Form S-8 No. 333-238048), pertaining to the Newmont Corporation 2020 Stock Incentive Compensation Plan;

4)Registration Statement (Form S-3 No. 333-281026), pertaining to the Newmont Corporation 2024 Automatic Shelf Registration Statement; and

5)Registration Statement (Form S-4 No. 333-281025), of Newmont Corporation;

of our reports dated February 20, 2025, with respect to the consolidated financial statements and schedule of Newmont Corporation and the effectiveness of internal control over financial reporting of Newmont Corporation included in this Annual Report (Form 10-K) of Newmont Corporation for the year ended December 31, 2024.

/s/ Ernst & Young LLP

Denver, Colorado

February 20, 2025

Document

Exhibit 23.2

Consent of independent registered public accounting firm

We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (Nos. 333-238048, 333-124653, 333-171298, 333-188128, 333-214662), Form S-3 (No. 333-281026), and Form S-4 (No. 333-281025) of Newmont Corporation of our report dated February 20, 2025 relating to the consolidated financial statements and the effectiveness of internal control over financial reporting of Nevada Gold Mines LLC, which appears in this Form 10-K of Newmont Corporation.

/s/ PricewaterhouseCoopers LLP

Chartered Professional Accountants, Licensed Public Accountants

Toronto, Canada

February 20, 2025

Document

Exhibit 23.3

CONSENT OF QUALIFIED PERSON

I, Mr. Donald Doe, in connection with the Annual Report on Form 10-K for the year ended December 31, 2024 and exhibits thereto (collectively, the Form 10-K), consent to:

•the filing and use of the Technical Report Summary for the Nevada Gold Mines operation, with an effective date of December 31, 2024, as exhibit 96.3 (the “Filed Technical Report Summary”), to and referenced in the Form 10-K;

•the incorporation by reference and use of the Technical Report Summaries for the Peñasquito, Boddington, Cadia, and Lihir operations (the “Incorporated by Reference Technical Report Summaries” and, together with the Filed Technical Report Summary, collectively the “Technical Report Summaries”);

•the use of and references to my name, including my status as an expert or “qualified person” (as defined in Subpart 1300 of Regulation S-K promulgated by the U.S. Securities and Exchange Commission), in connection with the Form 10-K and the Technical Report Summaries; and

•the use of information derived, summarized, quoted or referenced from the Technical Report Summaries, or portions thereof, that was prepared by me, that I supervised the preparation of and/or that was reviewed and approved by me, that is included or incorporated by reference in the Form 10-K.

I am the qualified person responsible for authoring for the Technical Report Summaries.

I also consent to the incorporation by reference in Registration Statements on Form S-8 (Nos. 333-238048, 333-124653, 333-171298, 333-188128, 333-214662), Form S-3 (No.333-281026), and Form S-4 (No.333-281025) of Newmont Corporation of the above items as included in the Form 10-K.

Dated February 20, 2025

/s/ Donald Doe
Name:	Donald Doe, RM SME
Title:	Head, Reserves<br><br>Newmont Corporation

Document

Exhibit 24

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENT, that each person whose signature appears below hereby constitutes and appoints Peter I. Wexler and Logan H. Hennessey, each of them acting individually, his or her true and lawful attorney-in-fact and agent, with full power of substitution and revocation, in his or her name and on his or her behalf, to do any and all acts and things and to execute any and all instruments which said attorney-in-fact and agent may deem necessary or advisable to enable Newmont Corporation to comply with the Securities Exchange Act of 1934, as amended (the “Act”), and any rules, regulations or requirements of the Securities and Exchange Commission in respect thereof, including, without limitation, the power and authority to sign his or her name in any and all capacities (including his or her capacity as an Officer of Newmont Corporation) to the Annual Report on Form 10-K of Newmont Corporation for the fiscal year ended December 31, 2024 and any amendments thereto and the undersigned hereby ratifies and confirms all that said attorney-in-fact and agent shall lawfully do or cause to be done by virtue hereof.

IN WITNESS WHEREOF, the undersigned have subscribed these presents as of the 20th day of February 2025.

Signature	Title
/s/ Thomas R. Palmer	Director and Chief Executive Officer
Thomas R. Palmer	(Principal Executive Officer)
/s/ Karyn F. Ovelmen	Executive Vice President and Chief Financial Officer
Karyn F. Ovelmen	(Principal Financial Officer)
/s/ Brian C. Tabolt	Senior Vice President, Global Finance and Chief Accounting Officer
Brian C. Tabolt	(Principal Accounting Officer)
/s/ Philip Aiken, AM	Director
Philip Aiken, AM
/s/ Gregory H. Boyce	Non-Executive Chair
Gregory H. Boyce
/s/ Bruce R. Brook	Director
Bruce R. Brook
/s/ Maura J. Clark	Director
Maura J. Clark
/s/ Emma FitzGerald	Director
Emma FitzGerald
/s/ Sally-Anne Layman	Director
Sally-Anne Layman
/s/ Harry M. Conger, IV	Director
Harry M. Conger, IV
/s/ José Manuel Madero	Director
José Manuel Madero
/s/ René Médori	Director
René Médori
/s/ Jane Nelson	Director
Jane Nelson
/s/ Julio M. Quintana	Director
Julio M. Quintana
/s/ Susan N. Story	Director
Susan N. Story

Document

Exhibit 31.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

(Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002)

I, Thomas R. Palmer, certify that:

1.I have reviewed this Annual Report on Form 10-K of Newmont Corporation;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ THOMAS R. PALMER
Thomas R. Palmer<br><br>Chief Executive Officer<br><br>(Principal Executive Officer)

February 20, 2025

Document

Exhibit 31.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

(Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002)

I, Karyn F. Ovelmen, certify that:

1.I have reviewed this Annual Report on Form 10-K of Newmont Corporation;

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ KARYN F. OVELMEN
Karyn F. Ovelmen<br><br>Executive Vice President and Chief Financial Officer<br><br>(Principal Financial Officer)

February 20, 2025

Document

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

(Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002)

In connection with the Annual Report on Form 10-K for the year ended December 31, 2024 of Newmont Corporation (the “Company”) as filed with the Securities and Exchange Commission on the date hereof (the “Report”) and pursuant to 18. U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, Thomas R. Palmer, Chief Executive Officer of the Company, certify, that to my knowledge:

1.The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ THOMAS R. PALMER
Thomas R. Palmer<br><br>Chief Executive Officer<br><br>(Principal Executive Officer)

February 20, 2025

Note: A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

Document

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

(Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002)

In connection with the Annual Report on Form 10-K for the year ended December 31, 2024 of Newmont Corporation (the “Company”) as filed with the Securities and Exchange Commission on the date hereof (the “Report”) and pursuant to 18. U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, Karyn F. Ovelmen, Executive Vice President and Chief Financial Officer of the Company, certify, that to my knowledge:

1.The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ KARYN F. OVELMEN
Karyn F. Ovelmen<br><br>Executive Vice President and Chief Financial Officer<br><br>(Principal Financial Officer)

February 20, 2025

Document

Exhibit 95

Mine Safety Disclosure

The following disclosures are provided pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”) and Item 104 of Regulation S-K, which require certain disclosures by companies required to file periodic reports under the Securities Exchange Act of 1934, as amended, that operate mines regulated under the Federal Mine Safety and Health Act of 1977 (the “Mine Act”). The disclosures reflect our U.S. mining operations only as the requirements of the Act and Item 104 of Regulation S-K do not apply to our mines operated outside the United States.

Mine Safety Information. Whenever the Federal Mine Safety and Health Administration (“MSHA”) believes a violation of the Mine Act, any health or safety standard or any regulation has occurred, it may issue a citation which describes the alleged violation and fixes a time within which the U.S. mining operator (e.g. our subsidiary, Newmont USA Limited) must abate the alleged violation. In some situations, such as when MSHA believes that conditions pose a hazard to miners, MSHA may issue an order removing miners from the area of the mine affected by the condition until the alleged hazards are corrected. When MSHA issues a citation or order, it generally proposes a civil penalty, or fine, as a result of the alleged violation, that the operator is ordered to pay. Citations and orders can be contested and appealed, and as part of that process, are often reduced in severity and amount, and are sometimes dismissed. The number of citations, orders and proposed assessments vary depending on the size and type (underground or surface) of the mine as well as by the MSHA inspector(s) assigned. In addition to civil penalties, the Mine Act also provides for criminal penalties for an operator who willfully violates a health or safety standard or knowingly violates or fails or refuses to comply with an order issued under Section 107(a) or any final decision issued under the Act.

The below table reflects citations and orders issued to us by MSHA during the year ended December 31, 2024. The proposed assessments for the year ended December 31, 2024 were taken from the MSHA data retrieval system as of February 4, 2025.

Additional information about the Act and MSHA references used in the table follows.

•Section 104(a) Significant and Substantial ("S&S") Citations: Citations received from MSHA under section 104(a) of the Mine Act for violations of mandatory health or safety standards that could significantly and substantially contribute to the cause and effect of a mine safety or health hazard.

•Section 104(b) Orders: Orders issued by MSHA under section 104(b) of the Mine Act, which represents a failure to abate a citation under section 104(a) within the period of time prescribed by MSHA. This results in an order of immediate withdrawal from the area of the mine affected by the condition until MSHA determines that the violation has been abated.

•Section 104(d) S&S Citations and Orders: Citations and orders issued by MSHA under section 104(d) of the Mine Act for unwarrantable failure to comply with mandatory, significant and substantial health or safety standards.

•Section 110(b)(2) Violations: Flagrant violations issued by MSHA under section 110(b)(2) of the Mine Act.

•Section 107(a) Orders: Orders issued by MSHA under section 107(a) of the Mine Act for situations in which MSHA determined an “imminent danger” (as defined by MSHA) existed.

Mine (1)	Section 104(a) S&S Citations (2)	Section 104(b) Orders	Section 104(d) S&S Citations and Orders (2)	Section 110(b) Violations	Section 107(a) Orders	($ in millions) Proposed MSHA Assessments (3)	Fatalities
Cripple Creek & Victor	29	—	—	—	—	$ <0.1	—
TOTAL	29	—	—	—	—	$ <0.1	—

____________________________

(1)The definition of a mine under section 3 of the Mine Act includes the mine, as well as other items used in, or to be used in, or resulting from, the work of extracting minerals, such as land, structures, facilities, equipment, machines, tools, and minerals preparation facilities. Unless otherwise indicated, any of these other items associated with a single mine have been aggregated in the totals for that mine. MSHA assigns an identification number to each mine and may or may not assign separate identification numbers to related facilities such as preparation facilities. We are providing the information in the table by mine rather than MSHA identification number because that is how we manage and operate our mining business and we believe this presentation will be more useful to investors than providing information based on MSHA identification numbers.

(2)Zero Section 104(a) S&S Citations and zero Section 104(d) S&S Citations and Orders were subject to contest as of December 31, 2024.

(3)Represents the total dollar value of the proposed assessment from MSHA under the Mine Act pursuant to the citations and or orders preceding such dollar value in the corresponding row. No proposed assessments of the orders or citations listed above had yet been posted to the MSHA data retrieval system or made available to the Company by MSHA as of February 4, 2025. Proposed assessments amounted to $6,407.

Pattern or Potential Pattern of Violations. During the year ended December 31, 2024, none of the mines operated by us received written notice from MSHA of (a) a pattern of violations of mandatory health or safety standards that are of such nature as could have significantly and substantially contributed to the cause and effect of mine health or safety hazards under section 104(e) of the Mine Act or (b) the potential to have such a pattern.

Pending Legal Actions. The following table reflects pending legal actions before the Federal Mine Safety and Health Review Commission (the “Commission”), an independent adjudicative agency that provides administrative trial and appellate review of legal disputes arising under the Mine Act, as of December 31, 2024, together with the number of legal actions instituted and the number of legal actions resolved during the year ended December 31, 2024.

Mine (1)	Pending Legal Actions as of December 31, 2024(2)	Legal Actions Instituted during the year ended December 31, 2024	Legal Actions Resolved during the year ended December 31, 2024
Cripple Creek & Victor	—	—	—
TOTAL	—	—	—

____________________________

(1)The definition of a mine under section 3 of the Mine Act includes the mine, as well as other items used in, or to be used in, or resulting from, the work of extracting minerals, such as land, structures, facilities, equipment, machines, tools and minerals preparation facilities. Unless otherwise indicated, any of these other items associated with a single mine have been aggregated in the totals for that mine. MSHA assigns an identification number to each mine and may or may not assign separate identification numbers to related facilities such as preparation facilities. We are providing the information in the table by mine rather than MSHA identification number because that is how we manage and operate our mining business and we believe this presentation will be more useful to investors than providing information based on MSHA identification numbers.

(2)The foregoing list includes legal actions which were initiated prior to the current reporting period and which do not necessarily relate to citations, orders or proposed assessments issued by MSHA during the year ended December 31, 2024. The number of legal actions noted above are reported on a per docket basis.

Legal actions pending before the Commission may involve, among other questions, challenges by operators to citations, orders and penalties they have received from MSHA or complaints of discrimination by miners under section 105 of the Mine Act. The following is a brief description of the types of legal actions that may be brought before the Commission.

•Contests of Citations and Orders: A contest proceeding may be filed with the Commission by operators, miners or miners’ representatives to challenge the issuance of a citation or order issued by MSHA.

•Contests of Proposed Penalties (Petitions for Assessment of Penalties): A contest of a proposed penalty is an administrative proceeding before the Commission challenging a civil penalty that MSHA has proposed for the alleged violation contained in a citation or order. The validity of the citation may also be challenged in this proceeding as well.

•Complaints for Compensation: A complaint for compensation may be filed with the Commission by miners entitled to compensation when a mine is closed by certain withdrawal orders issued by MSHA. The purpose of the proceeding is to determine the amount of compensation, if any, due miners idled by the orders.

•Complaints of Discharge, Discrimination or Interference: A discrimination proceeding is a case that involves a miner’s allegation that he or she has suffered a wrong by the operator because he or she engaged in some type of activity protected under the Mine Act, such as making a safety complaint.

•Applications for Temporary Relief: An application for temporary relief from any modification or termination of any order or from any order issued under section 104 of the Mine Act.

•Appeals of Judges’ Decisions or Orders to the Commission: A filing with the Commission of a petition for discretionary review of a Judge’s decision or order by a person who has been adversely affected or aggrieved by such decision or order.

The following table reflects the types of legal actions pending before the Commission as of December 31, 2024.

Mine (1)	Contests of Citations and Orders	Contests of Proposed Penalties (2)	Complaints for Compensation	Complaints of Discharge, Discrimination or Interference	Applications for Temporary Relief	Appeals of Judges' Decisions or Orders to the Commission
Cripple Creek & Victor	—	—	—	—	—	—
TOTAL	—	—	—	—	—	—

____________________________

(1)The definition of a mine under section 3 of the Mine Act includes the mine, as well as other items used in, or to be used in, or resulting from, the work of extracting minerals, such as land, structures, facilities, equipment, machines, tools and minerals preparation facilities. Unless otherwise indicated, any of these other items associated with a single mine have been aggregated in the totals for that mine. MSHA assigns an identification number to each mine and may or may not assign separate identification numbers to related facilities such as preparation facilities. We are providing the information in the table by mine rather than MSHA identification number because that is how we manage and operate our mining business and we believe this presentation will be more useful to investors than providing information based on MSHA identification numbers.

(2)The number of contests of proposed penalties noted above is reported on a per docket basis. In some cases, an individual docket may include more than one type of legal action. If presented on a per citation basis the number of contests of proposed penalties would be Cripple Creek & Victor: none.

q42024exhibit963

Exhibit 96.3 Nevada Operations Nevada, USA Technical Report Summary Report current as at: December 31, 2024 Qualified Person: Mr. Donald Doe, RM SME.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 a NOTE REGARDING FORWARD-LOOKING INFORMATION This Technical Report Summary contains forward-looking statements within the meaning of the U.S. Securities Act of 1933 and the U.S. Securities Exchange Act of 1934 (and the equivalent under Canadian and Australian securities laws), that are intended to be covered by the safe harbor created by such sections. Such forward-looking statements include, without limitation, statements regarding expectation for mine operations and any related development or expansions, including estimated cashflows, production, revenue, earnings before interest, tax, depreciation and amortization (EBITDA), costs, taxes, capital, rates of return, mine plans, material mined and processed, recoveries and grade, future mineralization, future adjustments and sensitivities and other statements that are not historical facts. Forward-looking statements address activities, events, or developments that Newmont expects or anticipates will or may occur in the future and are based on current expectations and assumptions. Additionally, forward-looking statements regarding Nevada Gold Mines are based largely upon information provided by the Operating Manager, Barrick, to Newmont. See Section 25.0 herein for additional information. Although Newmont’s management believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrogeological 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 Newmont operates being consistent with its current expectations; (iv) certain exchange rate assumptions being approximately consistent with current levels; (v) certain price assumptions for gold, copper, silver, zinc, lead, molybdenum, and oil; (vi) prices for key supplies being approximately consistent with current levels; and (vii) other planning assumptions. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among others, risks that estimates of mineral reserves and mineral resources are uncertain and the volume and grade of ore actually recovered may vary from our estimates, risks relating to fluctuations in metal prices; risks related to inflation and changes in interest rates, discount rates, exchange rates, and taxes; risks due to the inherently hazardous nature of mining- related activities; risks related to the jurisdictions in which we operate, uncertainties due to health and safety considerations, uncertainties related to environmental considerations, including, without limitation, climate change, uncertainties relating to obtaining approvals and permits, including renewals, from governmental regulatory authorities; and uncertainties related to changes in law; as well as those factors discussed in Newmont’s filings with the U.S. Securities and Exchange Commission, including Newmont’s latest Annual Report on Form 10-K for the period ended December 31, 2024, which is available on newmont.com. Investors are encouraged to review the “Risk Factors” section of the Annual Report for additional information on risks and uncertainties. Newmont 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 document, 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.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page i CONTENTS 1.0 EXECUTIVE SUMMARY ........................................................................................................... 1-1 1.1 Introduction ................................................................................................................................. 1-1 1.2 Terms of Reference ................................................................................................................... 1-1 1.3 Property Setting ......................................................................................................................... 1-1 1.4 Ownership .................................................................................................................................. 1-2 1.5 Mineral Tenure, Surface Rights, Water Rights, Royalties and Agreements .............................. 1-2 1.6 Geology and Mineralization ........................................................................................................ 1-3 1.7 History and Exploration .............................................................................................................. 1-4 1.8 Drilling and Sampling ................................................................................................................. 1-4 1.9 Data Verification ......................................................................................................................... 1-6 1.10 Metallurgical Testwork ............................................................................................................... 1-6 1.11 Mineral Resource Estimation ..................................................................................................... 1-8 1.11.1 Estimation Methodology ......................................................................................................... 1-8 1.11.2 Mineral Resource Statement ................................................................................................ 1-10 1.11.3 Factors That May Affect the Mineral Resource Estimate..................................................... 1-10 1.12 Mineral Reserve Estimation ..................................................................................................... 1-14 1.12.1 Estimation Methodology ....................................................................................................... 1-14 1.12.2 Mineral Reserve Statement .................................................................................................. 1-15 1.12.3 Factors That May Affect the Mineral Reserve Estimate ....................................................... 1-15 1.13 Mining Methods ........................................................................................................................ 1-18 1.14 Recovery Methods ................................................................................................................... 1-19 1.15 Infrastructure ............................................................................................................................ 1-20 1.16 Markets and Contracts ............................................................................................................. 1-21 1.16.1 Market Studies ..................................................................................................................... 1-21 1.16.2 Commodity Pricing ............................................................................................................... 1-22 1.16.3 Contracts .............................................................................................................................. 1-22 1.17 Environmental, Permitting and Social Considerations ............................................................. 1-22 1.17.1 Environmental Studies and Monitoring ................................................................................ 1-22 1.17.2 Closure and Reclamation Considerations ............................................................................ 1-23 1.17.3 Permitting ............................................................................................................................. 1-23 1.17.4 Social Considerations, Plans, Negotiations and Agreements .............................................. 1-24 1.18 Capital Cost Estimates ............................................................................................................. 1-24 1.19 Operating Cost Estimates ........................................................................................................ 1-24 1.20 Economic Analysis ................................................................................................................... 1-25 1.21 Sensitivity Analysis ................................................................................................................... 1-26 1.22 Risks ......................................................................................................................................... 1-26 1.23 Opportunities ............................................................................................................................ 1-29 1.24 Conclusions .............................................................................................................................. 1-30 1.25 Recommendations ................................................................................................................... 1-30 2.0 INTRODUCTION ........................................................................................................................ 2-1 2.1 Registrant ................................................................................................................................... 2-1 2.2 Terms of Reference ................................................................................................................... 2-1 2.2.1 Report Purpose ...................................................................................................................... 2-1 2.2.2 Terms of Reference................................................................................................................ 2-1 2.3 Qualified Persons ....................................................................................................................... 2-9 2.4 Site Visits and Scope of Personal Inspection ............................................................................ 2-9 2.5 Report Date ................................................................................................................................ 2-9 2.6 Information Sources and References ........................................................................................ 2-9

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page ii 2.7 Previous Technical Report Summaries ...................................................................................... 2-9 3.0 PROPERTY DESCRIPTION ...................................................................................................... 3-1 3.1 Introduction ................................................................................................................................. 3-1 3.2 Property and Title in Nevada ...................................................................................................... 3-1 3.2.1 Mineral Title ............................................................................................................................ 3-1 3.2.2 Surface Rights ........................................................................................................................ 3-3 3.2.3 Water Rights ........................................................................................................................... 3-4 3.2.4 Government Mining Taxes, Levies or Royalties .................................................................... 3-4 3.3 Ownership .................................................................................................................................. 3-4 3.4 Joint Ventures ............................................................................................................................ 3-7 3.5 Agreements ................................................................................................................................ 3-7 3.6 Mineral Title ................................................................................................................................ 3-7 3.7 Surface Rights .......................................................................................................................... 3-11 3.8 Water Rights............................................................................................................................. 3-11 3.9 Royalties ................................................................................................................................... 3-11 3.9.1 Claims Royalties................................................................................................................... 3-11 3.9.2 NGM Royalty ........................................................................................................................ 3-22 3.9.3 Nevada State Royalty .......................................................................................................... 3-22 3.10 Encumbrances ......................................................................................................................... 3-22 3.11 Violations and Fines ................................................................................................................. 3-22 3.12 Significant Factors and Risks That May Affect Access, Title or Work Programs .................... 3-22 4.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ...................................................................................................................................... 4-1 4.1 Physiography.............................................................................................................................. 4-1 4.2 Accessibility ................................................................................................................................ 4-1 4.3 Climate ....................................................................................................................................... 4-2 4.4 Infrastructure .............................................................................................................................. 4-2 5.0 HISTORY ................................................................................................................................... 5-1 6.0 GEOLOGICAL SETTING, MINERALIZATION, AND DEPOSIT ............................................... 6-1 6.1 Deposit Type .............................................................................................................................. 6-1 6.2 Regional Geology ....................................................................................................................... 6-1 6.3 Local Geology ............................................................................................................................ 6-4 6.3.1 Carlin Complex ....................................................................................................................... 6-4 6.3.2 Cortez Complex ...................................................................................................................... 6-6 6.3.3 Phoenix Complex ................................................................................................................... 6-8 6.3.4 Turquoise Ridge Complex ...................................................................................................... 6-9 6.4 Deposit Descriptions ................................................................................................................ 6-10 6.4.1 Carlin Complex ..................................................................................................................... 6-10 6.4.2 Cortez Complex .................................................................................................................... 6-22 6.4.3 Phoenix Complex ................................................................................................................. 6-22 6.4.4 Turquoise Ridge Complex .................................................................................................... 6-22 7.0 EXPLORATION ......................................................................................................................... 7-1 7.1 Exploration ................................................................................................................................. 7-1 7.1.1 Grids and Surveys .................................................................................................................. 7-1 7.1.2 Geological Mapping ............................................................................................................... 7-1 7.1.3 Geochemistry ......................................................................................................................... 7-1 7.1.4 Geophysics ............................................................................................................................. 7-1 7.1.5 Petrology, Mineralogy, and Research Studies ....................................................................... 7-2 7.1.6 Qualified Person’s Interpretation of the Exploration Information ........................................... 7-2 7.1.7 Exploration Potential .............................................................................................................. 7-2

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page iii 7.2 Drilling ........................................................................................................................................ 7-2 7.2.1 Overview ................................................................................................................................ 7-2 7.2.1.1 Drilling on Property ............................................................................................................. 7-2 7.2.1.2 Drilling Supporting Mineral Resource Estimates .............................................................. 7-11 7.2.1.3 Drilling Excluded For Estimation Purposes ...................................................................... 7-11 7.2.2 Drill Methods ........................................................................................................................ 7-11 7.2.3 Logging ................................................................................................................................. 7-11 7.2.4 Recovery .............................................................................................................................. 7-11 7.2.5 Collar Surveys ...................................................................................................................... 7-11 7.2.6 Down Hole Surveys .............................................................................................................. 7-12 7.2.7 Comment on Material Results and Interpretation ................................................................ 7-12 7.3 Hydrogeology ........................................................................................................................... 7-12 7.3.1 Sampling Methods and Laboratory Determinations ............................................................. 7-13 7.3.2 Comment on Results ............................................................................................................ 7-13 7.3.3 Groundwater Models ............................................................................................................ 7-13 7.4 Geotechnical ............................................................................................................................ 7-13 7.4.1 Sampling Methods and Laboratory Determinations ............................................................. 7-13 7.4.2 Comment on Results ............................................................................................................ 7-15 8.0 SAMPLE PREPARATION, ANALYSES, AND SECURITY ...................................................... 8-1 8.1 Sampling Methods ..................................................................................................................... 8-1 8.2 Sample Security Methods .......................................................................................................... 8-1 8.3 Density Determinations .............................................................................................................. 8-1 8.4 Analytical and Test Laboratories ................................................................................................ 8-1 8.5 Sample Preparation ................................................................................................................... 8-2 8.6 Analysis ...................................................................................................................................... 8-3 8.7 Quality Assurance and Quality Control ...................................................................................... 8-3 8.8 Database .................................................................................................................................... 8-4 8.9 Qualified Person’s Opinion on Sample Preparation, Security, and Analytical Procedures ....... 8-4 9.0 DATA VERIFICATION ............................................................................................................... 9-1 9.1 Internal Data Verification ............................................................................................................ 9-1 9.2 Reviews and Audits .................................................................................................................... 9-1 9.3 Subject Matter Expert Reviews .................................................................................................. 9-2 9.4 External Data Verification ........................................................................................................... 9-2 9.5 Data Verification by Qualified Person ........................................................................................ 9-2 9.6 Qualified Person’s Opinion on Data Adequacy .......................................................................... 9-4 10.0 MINERAL PROCESSING AND METALLURGICAL TESTING .............................................. 10-1 10.1 Test Laboratories ..................................................................................................................... 10-1 10.2 Metallurgical Testwork ............................................................................................................. 10-1 10.3 Recovery Estimates ................................................................................................................. 10-2 10.4 Metallurgical Variability ............................................................................................................ 10-3 10.5 Deleterious Elements ............................................................................................................... 10-3 10.6 Qualified Person’s Opinion on Data Adequacy ........................................................................ 10-3 11.0 MINERAL RESOURCE ESTIMATES ...................................................................................... 11-1 11.1 Introduction ............................................................................................................................... 11-1 11.2 Exploratory Data Analysis ........................................................................................................ 11-1 11.3 Geological Models .................................................................................................................... 11-1 11.4 Density Assignment ................................................................................................................. 11-2 11.5 Grade Capping/Outlier Restrictions ......................................................................................... 11-2 11.6 Composites .............................................................................................................................. 11-2 11.7 Variography .............................................................................................................................. 11-2

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page iv 11.8 Estimation/interpolation Methods ............................................................................................. 11-2 11.9 Validation .................................................................................................................................. 11-3 11.10 Confidence Classification of Mineral Resource Estimate ........................................................ 11-3 11.11 Reasonable Prospects of Economic Extraction ....................................................................... 11-3 11.11.1 Input Assumptions ............................................................................................................ 11-4 11.11.2 Commodity Price .............................................................................................................. 11-4 11.11.3 Cut-off ............................................................................................................................... 11-4 11.11.4 QP Statement ................................................................................................................... 11-4 11.12 Mineral Resource Statement.................................................................................................... 11-7 11.13 Uncertainties (Factors) That May Affect the Mineral Resource Estimate ................................ 11-7 12.0 MINERAL RESERVE ESTIMATES ......................................................................................... 12-1 12.1 Introduction ............................................................................................................................... 12-1 12.2 Open Pit Estimates .................................................................................................................. 12-1 12.3 Underground Estimates ........................................................................................................... 12-3 12.4 Cut-offs ..................................................................................................................................... 12-4 12.5 Stockpiles ................................................................................................................................. 12-4 12.6 Commodity Prices .................................................................................................................... 12-4 12.7 Mineral Reserve Statement ...................................................................................................... 12-5 12.8 Uncertainties (Factors) That May Affect the Mineral Reserve Estimate .................................. 12-5 13.0 MINING METHODS ................................................................................................................. 13-8 13.1 Introduction ............................................................................................................................... 13-8 13.2 Geotechnical Considerations ................................................................................................... 13-8 13.2.1 Open Pit ............................................................................................................................... 13-8 13.2.2 Underground ........................................................................................................................ 13-8 13.3 Hydrogeological Considerations .............................................................................................. 13-9 13.4 Operations .............................................................................................................................. 13-10 13.4.1 Open Pit ............................................................................................................................. 13-10 13.4.2 Underground ...................................................................................................................... 13-10 13.5 Production Schedule .............................................................................................................. 13-23 13.6 Blasting and Explosives ......................................................................................................... 13-23 13.7 Waste Rock Storage Facilities ............................................................................................... 13-23 13.8 Stockpiles ............................................................................................................................... 13-23 13.9 Equipment .............................................................................................................................. 13-34 13.10 Personnel ............................................................................................................................... 13-34 14.0 RECOVERY METHODS .......................................................................................................... 14-1 14.1 Process Method Selection ....................................................................................................... 14-1 14.2 Process Flowsheets ................................................................................................................. 14-1 14.3 Process Facilities ..................................................................................................................... 14-1 14.3.1 Heap Leach .......................................................................................................................... 14-1 14.3.1.1 Gold Leach Pads .......................................................................................................... 14-1 14.3.1.2 Copper Leach Pads ................................................................................................... 14-10 14.3.2 Process Plants ................................................................................................................... 14-12 14.3.2.1 Gold Quarry Concentrator (Carlin Complex) .............................................................. 14-12 14.3.2.2 Pipeline Mill (Cortez Complex) ................................................................................... 14-12 14.3.2.3 Phoenix SX/EW Plant (Phoenix Complex) ................................................................. 14-12 14.3.2.4 Phoenix Mill (Phoenix Complex) ................................................................................ 14-14 14.3.2.5 Juniper Mill (Turquoise Ridge Complex) .................................................................... 14-14 14.3.3 Autoclaves .......................................................................................................................... 14-15 14.3.3.1 Goldstrike (Carlin Complex) ....................................................................................... 14-15 14.3.3.2 Sage (Turquoise Ridge Complex) .............................................................................. 14-16

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page v 14.3.4 Roasters ............................................................................................................................. 14-17 14.3.4.1 Goldstrike (Carlin Complex) ....................................................................................... 14-17 14.3.4.2 Gold Quarry (Carlin Complex) .................................................................................... 14-18 14.4 Equipment Sizing ................................................................................................................... 14-18 14.5 Power and Consumables ....................................................................................................... 14-22 14.5.1 Power ................................................................................................................................. 14-22 14.5.2 Consumables ..................................................................................................................... 14-22 14.5.3 Water .................................................................................................................................. 14-22 14.6 Personnel ............................................................................................................................... 14-22 15.0 INFRASTRUCTURE ................................................................................................................ 15-1 15.1 Introduction ............................................................................................................................... 15-1 15.2 Roads and Logistics ................................................................................................................. 15-9 15.3 Stockpiles ................................................................................................................................. 15-9 15.4 Leach Pads .............................................................................................................................. 15-9 15.5 Waste Rock Storage Facilities ................................................................................................. 15-9 15.6 Tailings Storage Facilities ........................................................................................................ 15-9 15.7 Water Supply ............................................................................................................................ 15-9 15.8 Water Management Structures .............................................................................................. 15-10 15.9 Built Infrastructure .................................................................................................................. 15-10 15.10 Camps and Accommodation .................................................................................................. 15-10 15.11 Power and Electrical .............................................................................................................. 15-10 16.0 MARKET STUDIES AND CONTRACTS ................................................................................. 16-1 16.1 Markets ..................................................................................................................................... 16-1 16.2 Commodity Price Forecasts ..................................................................................................... 16-1 16.3 Contracts .................................................................................................................................. 16-2 17.0 ENVIRONMENTAL STUDIES, PERMITTING, AND PLANS, NEGOTIATIONS, OR AGREEMENTS WITH LOCAL INDIVIDUALS OR GROUPS ................................................................. 17-1 17.1 Introduction ............................................................................................................................... 17-1 17.2 Baseline and Supporting Studies ............................................................................................. 17-1 17.3 Environmental Considerations/Monitoring Programs............................................................... 17-2 17.4 Closure and Reclamation Considerations ................................................................................ 17-3 17.5 Permitting ................................................................................................................................. 17-4 17.5.1 Existing Permits .................................................................................................................... 17-4 17.5.2 Additional Permits ................................................................................................................ 17-5 17.6 Social Considerations, Plans, Negotiations and Agreements .................................................. 17-5 17.7 Qualified Person’s Opinion on Adequacy of Current Plans to Address Issues ....................... 17-7 18.0 CAPITAL AND OPERATING COSTS ..................................................................................... 18-1 18.1 Introduction ............................................................................................................................... 18-1 18.2 Capital Cost Estimates ............................................................................................................. 18-1 18.2.1 Basis of Estimate.................................................................................................................. 18-1 18.2.2 Capital Cost Estimate Summary .......................................................................................... 18-1 18.3 Operating Cost Estimates ........................................................................................................ 18-1 18.3.1 Basis of Estimate.................................................................................................................. 18-1 18.3.2 Operating Cost Estimate Summary...................................................................................... 18-1 19.0 ECONOMIC ANALYSIS .......................................................................................................... 19-1 19.1 Methodology Used ................................................................................................................... 19-1 19.2 Financial Model Parameters .................................................................................................... 19-1 19.3 Economic Analysis ................................................................................................................... 19-2 19.4 Sensitivity Analysis ................................................................................................................... 19-2 20.0 ADJACENT PROPERTIES ..................................................................................................... 20-1

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page vi 21.0 OTHER RELEVANT DATA AND INFORMATION .................................................................. 21-1 22.0 INTERPRETATION AND CONCLUSIONS ............................................................................. 22-1 22.1 Introduction ............................................................................................................................... 22-1 22.2 Property Setting ....................................................................................................................... 22-1 22.3 Ownership ................................................................................................................................ 22-1 22.4 Mineral Tenure, Surface Rights, Water Rights, Royalties and Agreements ............................ 22-1 22.5 Geology and Mineralization ...................................................................................................... 22-2 22.6 History ...................................................................................................................................... 22-3 22.7 Exploration, Drilling, and Sampling .......................................................................................... 22-3 22.8 Data Verification ....................................................................................................................... 22-3 22.9 Metallurgical Testwork ............................................................................................................. 22-4 22.10 Mineral Resource Estimates .................................................................................................... 22-5 22.11 Mineral Reserve Estimates ...................................................................................................... 22-5 22.12 Mining Methods ........................................................................................................................ 22-6 22.13 Recovery Methods ................................................................................................................... 22-6 22.14 Infrastructure ............................................................................................................................ 22-7 22.15 Market Studies ......................................................................................................................... 22-7 22.16 Environmental, Permitting and Social Considerations ............................................................. 22-8 22.17 Capital Cost Estimates ............................................................................................................. 22-9 22.18 Operating Cost Estimates ........................................................................................................ 22-9 22.19 Economic Analysis ................................................................................................................... 22-9 22.20 Risks and Opportunities ........................................................................................................... 22-9 22.20.1 Risks .............................................................................................................................. 22-10 22.20.2 Opportunities .................................................................................................................. 22-11 22.21 Conclusions ............................................................................................................................ 22-12 23.0 RECOMMENDATIONS ............................................................................................................ 23-1 24.0 REFERENCES ......................................................................................................................... 24-1 24.1 Bibliography.............................................................................................................................. 24-1 24.2 Abbreviations............................................................................................................................ 24-3 24.3 Glossary of Terms .................................................................................................................... 24-5 25.0 RELIANCE ON INFORMATION PROVIDED BY THE REGISTRANT ................................... 25-1 25.1 Introduction ............................................................................................................................... 25-1 25.2 Macroeconomic Trends ............................................................................................................ 25-1 25.3 Markets ..................................................................................................................................... 25-2 25.4 Legal Matters............................................................................................................................ 25-2 25.5 Environmental Matters ............................................................................................................. 25-2 25.6 Stakeholder Accommodations ................................................................................................. 25-3 25.7 Governmental Factors .............................................................................................................. 25-3 TABLES Table 1-1: Measured and Indicated Mineral Resource Statement (Gold) ......................................... 1-11 Table 1-2: Inferred Mineral Resource Statement (Gold) ................................................................... 1-11 Table 1-3: Measured and Indicated Mineral Resource Statement (Silver) ....................................... 1-12 Table 1-4: Inferred Mineral Resource Statement (Silver) .................................................................. 1-12 Table 1-5: Measured and Indicated Mineral Resource Statement (Copper) .................................... 1-13 Table 1-6: Inferred Mineral Resource Statement (Copper) ............................................................... 1-13 Table 1-7: Proven and Probable Mineral Reserve Statement (Gold) ............................................... 1-16 Table 1-8: Proven and Probable Mineral Reserve Statement (Silver) .............................................. 1-16

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page vii Table 1-9: Proven and Probable Mineral Reserve Statement (Copper) ........................................... 1-17 Table 1-10: Capital Cost Estimate ....................................................................................................... 1-25 Table 1-11: Operating Cost Estimate .................................................................................................. 1-26 Table 1-12: Cashflow Summary Table (100% basis) .......................................................................... 1-27 Table 2-1: Deposits/Zones Hosting Mineral Resources and Mineral Reserves .................................. 2-3 Table 3-1: Operations Plans of Operation Centroid Location Summary Table ................................... 3-2 Table 3-2: Exploration Plans of Operation Centroid Location Summary Table .................................. 3-2 Table 3-3: Claims Summary Table, Operations Plans of Operation ................................................... 3-8 Table 3-4: Claims Summary Table, Exploration Plans of Operation ................................................... 3-9 Table 3-5: Claims Totals .................................................................................................................... 3-12 Table 3-6: Operations Fee Property Totals ....................................................................................... 3-12 Table 3-7: Exploration Fee Property Totals ....................................................................................... 3-13 Table 3-8: Royalties ........................................................................................................................... 3-20 Table 5-1: Exploration and Development History Summary Table, Carlin Complex .......................... 5-2 Table 6-1: Regional Geology ............................................................................................................... 6-2 Table 6-2: Lithological Setting, Carlin Complex .................................................................................. 6-5 Table 6-3: Deformation Sequence, Carlin Complex Area ................................................................... 6-7 Table 6-4: Lithological Setting, Cortez Complex ................................................................................. 6-7 Table 6-5: Lithological Setting, Phoenix Complex ............................................................................... 6-9 Table 6-6: Lithological Setting, Turquoise Ridge Complex ............................................................... 6-10 Table 6-7: Deposit Descriptions, Carlin Complex.............................................................................. 6-12 Table 6-8: Deposit Descriptions, Cortez Complex ............................................................................ 6-23 Table 6-9: Deposit Descriptions, Phoenix Complex .......................................................................... 6-32 Table 6-10: Deposit Descriptions, Turquoise Complex ....................................................................... 6-34 Table 7-1: Drill Summary Table, Mining Complexes ........................................................................... 7-3 Table 7-2: Drill Holes In Database Outside Mining Complexes .......................................................... 7-3 Table 7-3: Carlin Complex Drill Summary Table ................................................................................. 7-3 Table 7-4: Cortez Complex Drill Summary Table ................................................................................ 7-4 Table 7-5: Phoenix Complex Drill Summary Table ............................................................................. 7-4 Table 7-6: Turquoise Ridge Complex Drill Summary Table ................................................................ 7-4 Table 9-1: External Data Reviews ....................................................................................................... 9-3 Table 11-1: Open Pit Input Parameters (mineral resources) .............................................................. 11-5 Table 11-2: Underground Input Parameters (mineral resources) ....................................................... 11-6 Table 11-3: Measured and Indicated Mineral Resource Statement (Gold) ......................................... 11-8 Table 11-4: Inferred Mineral Resource Statement (Gold) ................................................................... 11-8 Table 11-5: Measured and Indicated Mineral Resource Statement (Silver) ....................................... 11-9 Table 11-6: Inferred Mineral Resource Statement (Silver) .................................................................. 11-9 Table 11-7: Measured and Indicated Mineral Resource Statement (Copper) .................................. 11-10 Table 11-8: Inferred Mineral Resource Statement (Copper) ............................................................. 11-10 Table 12-1: Input Parameters, Open Pit (mineral reserves) ............................................................... 12-2 Table 12-2: Input Parameters, Underground (mineral reserves) ........................................................ 12-4 Table 12-3: Proven and Probable Mineral Reserve Statement (Gold) ............................................... 12-6 Table 12-4: Proven and Probable Mineral Reserve Statement (Silver) .............................................. 12-6 Table 12-5: Proven and Probable Mineral Reserve Statement (Copper) ........................................... 12-7 Table 13-1: Open Pit Slope Angles ..................................................................................................... 13-9 Table 13-2: Underground Mining Methods ........................................................................................ 13-22 Table 13-3: Production Plan (2025–2036) ........................................................................................ 13-33 Table 13-4: Production Plan (2037–2047) ........................................................................................ 13-33 Table 13-5: Open Pit Equipment Requirements................................................................................ 13-35 Table 13-6: Carlin Underground Equipment Requirements .............................................................. 13-35

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page viii Table 13-7: Cortez Underground Equipment Requirements ............................................................. 13-35 Table 13-8: Turquoise Ridge Underground Equipment Requirements ............................................. 13-36 Table 13-9: Personnel Count, 2025 .................................................................................................. 13-36 Table 14-1: Process Facilities ............................................................................................................. 14-2 Table 14-2: Key Equipment List, Roasters ........................................................................................ 14-19 Table 14-3: Key Equipment List, Leach Facilities ............................................................................. 14-19 Table 14-4: Key Equipment List, Mill Facilities .................................................................................. 14-20 Table 14-5: Key Equipment List, Phoenix SX/EW............................................................................. 14-20 Table 14-6: Key Equipment List, Phoenix Mill ................................................................................... 14-21 Table 14-7: Key Equipment List, Goldstrike Autoclave ..................................................................... 14-21 Table 14-8: Key Equipment List, Sage Autoclave ............................................................................. 14-22 Table 14-9: Process Personnel Count .............................................................................................. 14-23 Table 17-1: Plans of Operations .......................................................................................................... 17-2 Table 17-2: Major Permits and Approvals ........................................................................................... 17-6 Table 18-1: Capital Cost Estimate ....................................................................................................... 18-2 Table 18-2: Operating Cost Estimate .................................................................................................. 18-2 Table 19-1: Cashflow Summary Table (100% basis) .......................................................................... 19-3 Table 19-2: Annualized Cashflow (2025–2037; 100% basis) ............................................................. 19-4 Table 19-3: Annualized Cashflow (2038–2050; 100% basis) ............................................................. 19-5 FIGURES Figure 1-1: NPV Sensitivity ................................................................................................................. 1-28 Figure 2-1: Mining Complex And Area of Interest Location Plan ......................................................... 2-2 Figure 2-2: North Area, Carlin Complex, Deposit Location Map .......................................................... 2-4 Figure 2-3: South Area, Carlin Complex Deposit Location Map ........................................................... 2-5 Figure 2-4: Cortez Complex, Deposit Location Map ............................................................................ 2-6 Figure 2-5: Phoenix Complex, Deposit Location Map .......................................................................... 2-7 Figure 2-6: Turquoise Ridge Deposit Location Plan ............................................................................. 2-8 Figure 3-1: NGM Area of Interest, Operations Plans of Operation....................................................... 3-5 Figure 3-2: NGM Area of Interest, Exploration Plans of Operation ...................................................... 3-6 Figure 3-3: Carlin Complex Plans of Operation .................................................................................. 3-15 Figure 3-4: Cortez Complex Plans of Operation................................................................................. 3-16 Figure 3-5: Long Canyon Complex Plan of Operations ...................................................................... 3-17 Figure 3-6: Phoenix Complex Plan of Operation ................................................................................ 3-18 Figure 3-7: Turquoise Ridge Complex Plans of Operation ................................................................. 3-19 Figure 6-1: Regional Geology Plan ...................................................................................................... 6-3 Figure 6-2: Legend Key to Accompany Figure 6-1 ............................................................................... 6-4 Figure 6-3: Geological Cross-Sections, South Arturo Area ................................................................ 6-16 Figure 6-4: Geological Cross-Sections, Goldstrike Area .................................................................... 6-17 Figure 6-5: Geological Cross-Sections, Exodus Deposit ................................................................... 6-18 Figure 6-6: Geological Cross-Sections, Northern Greater Leeville Area ........................................... 6-19 Figure 6-7: Geological Cross-Sections, Southern Greater Leeville Area ........................................... 6-20 Figure 6-8: Geological Cross-Sections, Gold Quarry Area ................................................................ 6-21 Figure 6-9: Geological Cross-Section Crossroads–Pipeline Area ...................................................... 6-27 Figure 6-10: Geological Cross-Section Cortez Pits .............................................................................. 6-28 Figure 6-11: Geological Cross-Section and Long-Section Goldrush.................................................... 6-29 Figure 6-12: Geological Cross-Section, Gold Acres ............................................................................. 6-30 Figure 6-13: Geological Cross-Sections, Robertson ............................................................................ 6-31

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page ix Figure 6-14: Geological Cross-Section, Phoenix Deposit .................................................................... 6-33 Figure 6-15: Geological Cross-Section, Turquoise Ridge Underground Deposit ................................. 6-36 Figure 6-16: Geological Cross-Section and Plan, Mega Deposit ......................................................... 6-37 Figure 6-17: Geological Long-Section and Plan, Vista Open Pit.......................................................... 6-38 Figure 7-1: Drill Collar Location Plan, AOI ............................................................................................ 7-5 Figure 7-2: Carlin Complex Drill Collar Location Plan, North Area ....................................................... 7-6 Figure 7-3: Carlin Complex Drill Collar Location Plan, South Area ...................................................... 7-7 Figure 7-4: Cortez Complex Drill Collar Location Plan ......................................................................... 7-8 Figure 7-5: Phoenix Complex Drill Collar Location Plan ...................................................................... 7-9 Figure 7-6: Turquoise Ridge Complex Drill Collar Location Plan ....................................................... 7-10 Figure 13-1: Final Mine Layout Plan, South Arturo, Carlin Complex.................................................. 13-11 Figure 13-2: Final Mine Layout Plan, Goldstrike, Carlin Complex ...................................................... 13-12 Figure 13-3: Final Mine Layout Plan, Gold Quarry, Carlin Complex .................................................. 13-13 Figure 13-4: Final Mine Layout Plan, Cortez Open Pit ....................................................................... 13-14 Figure 13-5: Final Mine Layout Plan, Pipeline .................................................................................... 13-15 Figure 13-6: Final Mine Layout Plan, Crossroads .............................................................................. 13-16 Figure 13-7: Final Mine Layout Plan, Robertson ................................................................................ 13-17 Figure 13-8: Final Mine Layout Plan Bonanza Open Pit, Phoenix Complex ...................................... 13-18 Figure 13-9: Final Mine Layout Plan, Fortitude Open Pit, Phoenix Complex ..................................... 13-19 Figure 13-10: Final Mine Layout Plan, Vista, Turquoise Ridge Complex ......................................... 13-20 Figure 13-11: Final Mine Layout Plan, Mega Pit, Turquoise Ridge Complex .................................. 13-21 Figure 13-12: Final Mine Layout Plan, South Arturo El Niño Underground, Carlin Complex ........... 13-24 Figure 13-13: Final Mine Layout Plan, Goldstrike Underground, Carlin Complex ........................... 13-25 Figure 13-14: Final Mine Layout Plan, Exodus Underground, Carlin Complex ................................ 13-26 Figure 13-15: Final Mine Layout Plan, Leeville Underground, Carlin Complex ............................... 13-27 Figure 13-16: Final Mine Layout Plan, Rita K Underground, Carlin Complex .................................. 13-28 Figure 13-17: Final Mine Layout Plan, Pete Bajo Underground, Carlin Complex ............................ 13-29 Figure 13-18: Final Mine Layout Plan, Cortez Hills Underground, Cortez Complex ........................ 13-30 Figure 13-19: Final Mine Layout Plan, Goldrush Underground, Cortez Complex ............................ 13-31 Figure 13-20: Final Mine Layout Plan, Turquoise Ridge Underground, Turquoise Ridge Complex 13-32 Figure 14-1: Heap Leach Process Schematic ...................................................................................... 14-3 Figure 14-2: Flowsheet, Gold Quarry Roaster ...................................................................................... 14-4 Figure 14-3: Flowsheet, Pipeline Mill .................................................................................................... 14-5 Figure 14-4: Flowsheet, Phoenix Run-of-Mine Leach .......................................................................... 14-6 Figure 14-5: Flowsheet, Phoenix Mill ................................................................................................... 14-7 Figure 14-6: Flowsheet, Juniper and Sage Mills .................................................................................. 14-8 Figure 14-7: Simplified Goldstrike Autoclave Process Flow Diagram .................................................. 14-9 Figure 14-8: Simplified Goldstrike Roaster Process Flow Diagram ................................................... 14-10 Figure 15-1: Infrastructure Layout Plan, Carlin Complex North Area ................................................... 15-2 Figure 15-2: Infrastructure Layout Plan, Carlin Complex South Area .................................................. 15-3 Figure 15-3: Infrastructure Layout Plan, Carlin Complex Rain–Emigrant Area .................................... 15-4 Figure 15-4: Infrastructure Layout Plan, Cortez Complex .................................................................... 15-5 Figure 15-5: Infrastructure Layout Plan, Long Canyon Complex ......................................................... 15-6 Figure 15-6: Infrastructure Layout Plan, Phoenix Complex .................................................................. 15-7 Figure 15-7: Infrastructure Layout Plan, Turquoise Ridge Complex .................................................... 15-8 Figure 19-1: NPV Sensitivity ................................................................................................................. 19-6

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-1 1.0 EXECUTIVE SUMMARY 1.1 Introduction This technical report summary (the Report) was prepared for Newmont Corporation (Newmont) on the Nevada Operations (Nevada Operations or the Project) that are located in Nevada. The Project is operated as a joint venture (JV) through Nevada Gold Mines, LLC (NGM). Barrick Gold Corporation (Barrick) is the JV operator and owns 61.5%, with Newmont owning the remaining 38.5% JV interest. 1.2 Terms of Reference The Report was prepared to be attached as an exhibit to support mineral property disclosure, including mineral resource and mineral reserve estimates, for the Nevada Operations in Newmont’s Form 10-K for the year ending December 31, 2024. The Nevada Operations consist of nine underground and 10 open pit active mining operations, eight heap leach facilities, three oxide plants, one flotation plant, two autoclave facilities, and two roaster facilities, forming four major mining/processing complexes centered at Carlin, Cortez, Phoenix and Turquoise Ridge. The 10 active open pit mining operations include: South Arturo, Goldstrike, Gold Quarry, Cortez Pits, Pipeline, Crossroads, Robertson, Phoenix, Vista, and Mega. The nine underground operations comprise El Niño, Goldstrike, Exodus, Leeville, Rita K, Pete Bajo, Cortez Hills, Goldrush, and Turquoise Ridge. Unless otherwise indicated, all financial values are reported in United States (US) currency (US$). Units may be in either metric or US customary units as identified in the text. Mineral resources and mineral reserves are reported using the definitions in Subpart 229.1300 – Disclosure by Registrants Engaged in Mining Operations in Regulation S–K 1300 (SK1300). The Report uses US English. The Report contains forward-looking information; refer to the note regarding forward- looking information at the front of the Report. 1.3 Property Setting The Nevada Operations are centered on northern Nevada, and are bisected by Interstate 80 (I- 80), which provides access to most of the Project area. Access for the Carlin Complex is generally from Elko, 26 miles west on I-80 to Carlin which is the closest town to the mine sites. In addition, various alternate access routes use Nevada State Route 766, and Elko and Eureka County roads. These roads are well maintained, and most are paved. The Cortez Complex is reached by travelling approximately 32 miles east from the town of Battle Mountain on the I-80. Alternative access is from Elko, Nevada, approximately 45 miles west to

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-2 the Beowawe exit, then approximately 35 miles south on Nevada State Route 306, which extends southward from I-80. The Long Canyon Complex, which is mined out, is accessed from either the I-80 east-bound route through Wells or I-80 west-bound through Wendover, with the main entrance just off the Oasis/Montello interchange. The mine area is within one mile of the freeway with the pit area about four miles west. The Phoenix Complex is accessed from I-80 at Battle Mountain, traveling approximately 12 miles south on the paved Nevada State Route 305, and then west a short distance on a paved/gravel county access road. The Turquoise Ridge Complex is accessed from a turnoff at the settlement of Golconda, 25 miles east of Winnemucca, then following a paved road for a further 25 miles, and thereafter by an improved gravel road to the mine gates. It is then 10 miles to the west mine gate and 25 miles to the east mine gate. The Nevada operations are crossed by a network of gravel roads, providing easy access to various portions of the sites. The majority of the roads are suitable for all-weather conditions; however, in extreme winter conditions, roads may be closed for snow removal. The Union Pacific Rail line runs parallel to I-80. NGM operates the Dunphy Rail Terminal, which is located 27 miles west of Carlin, for the transportation of bulk commodities such as lubricants, fuel, and ball mill consumables. These bulk commodities are road-transported from the Dunphy Rail Terminal to each site using commercial trucking services. Elko is serviced by commercial flights to Salt Lake City, Utah. The Nevada Operations are located in a high desert region. Operations are conducted year- round. The Project is located in a major mining region and local resources including labor, water, power, natural gas, and local infrastructure for transportation of supplies are well established. Mining has been an active industry in northern Nevada for more than 150 years. Elko (pop. 20,300) is a local hub for mining operations in northern Nevada and services necessary for mining operations are readily available. 1.4 Ownership NGM is a JV between Barrick and Newmont. Barrick is the JV operator and has a 61.5% interest, with Newmont owning the remaining 38.5% interest. The JV area of interest (AOI) covers a significant portion of northern Nevada. 1.5 Mineral Tenure, Surface Rights, Water Rights, Royalties and Agreements The Nevada Operations currently includes 20 operations PoOs and 33 exploration PoOs. The area includes private land (surface and minerals) owned or controlled by NGM, and land owned by the federal government that is administered by the Bureau of Land Management (BLM).

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-3 Within the operations PoO areas are 10,614 lode, millsite, placer and patented claims covering an approximate area of 175,214 acres. Within the exploration PoO areas, 9,257 lode, millsite, placer and patented claims cover an area of approximately 182,881 acres. Between the operations and the exploration PoOs, NGM holds a total of 19,871 claims covering an area of approximately 358,095 acres. In addition, NGM holds a number of fee properties, within the operations and exploration PoOs. Collectively, these cover an area of approximately 105,567.30 acres. On 11 March, 2019, Barrick and Newmont announced the formation of the NGM JV. Newmont, Barrick, and their respective affiliates that held properties in the AOI contributed to NGM the respective rights, titles and interests in, to, or under, all properties located in the AOI and any other assets, properties or rights located in Nevada. Newmont and Barrick excluded certain development and exploration properties that the companies held within the AOI from the JV; these included Newmont’s Fiberline and Mike projects, and Barrick’s Fourmile project. The JV has a mechanism for the potential contribution of the excluded properties to NGM in the future. A number of agreements exist with federal, state, and third-party entities and these are monitored using a land management database. NGM holds all necessary surface rights for the current mining operations. Additional surface rights may be required, if future mining projects extend outside current permit boundaries. NGM currently maintains a combination of approximately 1,350 active surface and groundwater rights within 38 hydrographic basins. NGM holds all necessary water rights for the LOM plan envisaged in this Report. There are numerous royalties that pertain to the active mines within the Nevada Operations. Royalty payments vary, as the payments depend upon actual tonnages mined, the amount of gold recovered from that mined material, the deposit being mined, the receiving entity, and the type of royalty. A number of the claims have inactive royalties attached, which are not currently triggered as the claims are not being mined. In connection with the formation of Nevada Gold Mines, each of Barrick and Newmont was granted a 1.5% net smelter returns royalty over the respective properties they contributed to the NGM JV. Each of these “retained royalties” is only payable once the aggregate production from the properties subject to the royalty exceeds the publicly reported mineral reserves and mineral resources as of December 31, 2018. The state of Nevada imposes a 5% Net Proceeds of Minerals Tax on the value of all minerals severed in the State. This tax is calculated and paid based on a prescribed net income formula. Separately, a Nevada Mining Education Tax based on gross revenue, was introduced during 2021. 1.6 Geology and Mineralization The deposits that comprise the Nevada Operations are considered to be examples of Carlin-style carbonate-hosted disseminated gold–silver deposits and intrusion-related gold–copper–silver skarn deposits. The geology of northern Nevada displays a complicated sequence of orogeny and tectonism. Within the Project area, the mineralization is reported based on four mining complexes, Carlin, Cortez, Phoenix, and Turquoise Ridge.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-4 Mineralization is hosted in lower Paleozoic sedimentary rocks or associated with Late Jurassic– Eocene intrusions. The majority of the deposits have some structural control, with mineralization commonly associated with the Roberts Mountains thrust. Pervasiveness and intensity of alteration varies both within and between gold deposits, depending on magnitude of the mineralizing system, nature of the host rock, and structural preparation. Carlin Trend-style mineralization consists primarily of micrometer-sized gold and sulfides disseminated in zones of siliciclastic and decarbonated calcareous rocks and commonly associated with jasperoids. Mineralization is predominantly in the form of oxides, sulfides, or sulfide minerals in carbonaceous rocks, and the ore type determines how and where it is processed. Copper oxide mineralization locally contains minor amounts chalcanthite, malachite, chrysocolla, azurite, and lesser cuprite. In hypogene mineralization, chalcopyrite occurs as disseminations and bedded replacements with skarn and silicate minerals, and in conjunction with pyrite. 1.7 History and Exploration Early-stage exploration included geological mapping, geochemical samples (stream sediment, soil, and rock chip samples), geophysical surveys (airborne and ground magnetics; radiometrics and electromagnetics; gravity, resistivity, and controlled-source audio-frequency telluromagnetics and magnetotellurics (MT); self-potential; induced-polarization (IP); time domain pole-dipole IP; time domain MT/IP using a distributed assay system; electrical logging of drill holes; and downhole IP. The majority of the surface-based grass roots exploration tools are superseded by mining and drill data. Exploration potential exists adjacent to many of the deposits, along strike and at depth along favorable mineralized structures and within the favorable host lithologies. 1.8 Drilling and Sampling Across the entire AOI, a total of 199,626 drill holes, for 23,837,705 m of drilling had been completed at the Report date. Over the Project history, drilling included reverse circulation (RC), core, air rotary, mud rotary, and Cubex methods. Logging conducted depended on the operator of the complex at the time the information was collected, and the drill type. Typically, logging collected information such as lithology, stratigraphy, basic structural data, recovery, alteration, and mineralization. For mining operations, logging could also record metallurgical type, intensity codes for metallurgy and alteration, and geotechnical parameters. Collar surveys have used optical surveys, field estimates, Brunton compass and pacing, compass-and-string distance measurements, and for underground operations, measurements from surveyed control points, face, ribs and sill to triangulate each collar location. Down-hole surveys included downhole single-shot or multi-shot film camera (typical for most underground surveys), use of a downhole precession gyroscopic survey tool, a gyroscopic tool requiring initial orientation with a compass, and north-seeking or conventional gyroscopic tools.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-5 Sampling is variable by mining complex and mineralization style. Air-rotary and mud-rotary drill holes were sampled on 5–100 ft intervals. Cubex drilling was sampled on 5–10 ft intervals. RC drill holes were typically sampled on 5 ft intervals. Core samples were nominally taken at 5 ft intervals, but could vary to a minimum of 1 ft to respect lithological contacts. The majority of the density data were from measurements collected by exploration or mine site personnel using the water displacement method. Given the long history of the Nevada Operations, there are numerous laboratories that were used over the Project history. Laboratories were both independent and non-independent. In the earlier stages of Project testwork, the idea of laboratory accreditation had not been developed. In later assay campaigns, accreditations were not typically recorded in the database. Currently, all independent laboratories used for chemical analysis are accredited for selected analytical techniques. Sample preparation has varied over the 60 years of modern Project history, in line with advancing scientific knowledge, changes in equipment, and operational experience. Currently, sample preparation procedures include drying, crushing and pulverizing. As with sample preparation, analytical methods have changed over the Project history. Currently, sample analytical procedures include: • ALS Chemex: fire assays (FA) and atomic absorption (AA) finish for gold; samples reporting >0.1 oz/st Au on the initial assay re-assayed by FA with gravimetric finish; cyanide leach gold assays for initial FAs >0.008 oz/st Au; cyanide leach and preg rob capacity; LECO testing; multi-element analyses by aqua regia digestion/inductively coupled plasma-atomic emission spectroscopy (ICP- AES)/ICP-mass spectroscopy (ICP-MS), 51 elements or 48 element analyses by four acid and ICP-AES/ICP-MS; other analyses may be requested, and include arsenic, total carbon, total sulfur, sulfide sulfur, carbonate carbon, and organic carbon; • AAL: 1 assay ton fire assays with an AA finish for gold; • Mine laboratories: 1 assay ton fire assays with an AA finish for gold; samples with gold grade >0.438 oz/st are completed by a ½ assay ton fire assay with a gravimetric finish. If the sample gold grade is above the open pit cut-off grade, the samples are analyzed for cyanide leach, % preg rob, total carbon, total sulfur, sulfide sulfur, carbonate, and organic carbon for ore characterization purposes. On request, underground muck samples can be equal weight composited for further ore characterization analyses including total carbon, total sulfur, sulfide sulfur, carbonate carbon, organic carbon, and arsenic. Prior to the mid-1990s, few companies had rigorous quality assurance and quality control (QA/QC) programs in place. QA/QC had typically consisted, where undertaken, of reanalysis of drill core or other samples when later sampling indicated a potential problem. In the case of the NGM Operations, QA/QC samples were submitted for RC and core samples from about 1990. Typical QA/QC measures include submission of blank materials, certified or standard reference materials (standards), and field duplicate samples. Check assays may not be routinely

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-6 performed. Typical checks were undertaken on pulps and coarse reject samples to test the analytical processes and preparation procedure, respectively. Project geologists review the assay results and periodically request a batch re-run and/or entire hole based on expected versus actual results. Analyses that appear to be outside best practice guidelines for exploration of two standard deviations will result in a request of the laboratory that completed the original analysis to undertake a re-run of the sample batch that the failed control was in. Check assay programs are the responsibility of the individual geologists. Several systems and programs are used to control and ensure assay data quality. These include standards for technician training, periodic process checks, equipment preventive maintenance, centralized reagent/standard preparation, control samples (reference materials) and blanks assayed with the samples, data verification, periodic check assays, and participation in industry round-robin programs. 1.9 Data Verification Validation checks are performed by NGM operations personnel on data used to support estimation comprise checks on surveys, collar coordinates, lithology data (cross-checking from photographs), and assay data. Errors noted are rectified in the database prior to data being flagged as approved for use in resource estimation. A number of third-party consultants have performed external data reviews. These external reviews were undertaken in support of acquisitions, support of feasibility-level studies, and in support of technical reports, producing independent assessments of the database quality. No significant problems with the database, sampling protocols, flowsheets, check analysis program, or data storage were noted. The QP visited the Nevada Operations on many occasions, most recently from August 19–22, 2024, when his site visit focus was on the Carlin and Cortez Complexes. The QP’s personal inspection supports the use of the data in mineral resource and mineral reserve estimation, and in mine planning. 1.10 Metallurgical Testwork During the 60+ year history of Nevada Operations mine development, a significant number of metallurgical studies and accompanying laboratory-scale and/or pilot plant tests have been completed. Either internal metallurgical research facilities or external consultants undertake the research. Recent external testwork was performed at McClelland Laboratories, Hazen Research, Macpherson Laboratories, McGill University, Svedala, and Outukumpu. Internal testwork facilities included the Goldstrike Metallurgical Laboratory, Gold Quarry Metallurgical Laboratory, Newmont Metallurgical Services in Englewood, Colorado and the AuTec Metallurgical Laboratory located in Vancouver, British Columbia, Canada. Metallurgical testwork included: mineralogy; head grades and screen analyses; bottle roll, bench and column cyanide leaching; carbon adsorption/activation tests; direct cyanide leach testwork; carbon-in-leach tests; agglomeration tests; cyanide amenability tests; bench or circulating

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-7 fluidized bed roasting tests; calcine tests; magnetic separation testwork; bench-top roaster followed by carbon in leach (CIL) testwork; bench-top alkaline pressure leach tests followed by CIL tests; calcium thiosulfate and resin leach tests; bench-top alkaline pressure leach tests followed by thiosulfate resin-in-leach testwork; sulfidization acidification re-neutralization and thickening (SART) testwork; reagent consumption reviews; impurity reviews; standard autoclaving and leach tests; grindability (comminution) tests (SMC, breakage parameter, Bond work index, drop weight index, rod work index, unconfined compressive strength, semi-autogenous grind (SAG) power index); thickener testwork; batch and pilot plant tests. These test programs were sufficient to establish the optimal processing routes for the non- refractory and refractory ores, and the weathering state of the ores (oxide, leached, enriched, transition, sulfide), and was performed on mineralization that was typical of the deposits. The results obtained supported estimation of recovery factors for the various ore types depending on the process method selected. Numerous processing methods are used within the Nevada Operations, including CIL for higher- grade oxide ore, heap leaching for lower-grade oxide ore, roasting for carbonaceous refractory ore, and pressure oxidation (POX) for higher-grade sulfidic ore. Future ore testing is completed according to the needs of the optimized blend planning for the combined NGM operations. Current ore testing is completed monthly by performing testwork on feed stockpile samples. Gold recovery is a function of the processing method (e.g., heap leaching, CIL, roasting, and arsenic concentration for refractory ore) and the lithology of the mineralization being processed. As applicable, recovery estimates include consideration of the head grade, cyanide-soluble gold to fire assay gold ratio, sulfide sulfur concentration, total organic carbon concentration, and silica concentration. Copper recovery models were derived from a statistical review of the metallurgical data and range in complexity from simple, fixed recoveries to complex, multi-variable equations. The following input variables were available as possible drivers of recovery: head grade, copper leach ore type, alteration type, formation, and various trace elements. Recovery ranges projected for the LOM operations include: • Gold: o Oxide leach: 35–75%; o Oxide mill: 72–89%; o Goldstrike roaster: 84–90%; o Goldstrike autoclave: 74–85%; o Gold Quarry roaster: 71–89%; o Sage (Turquoise Ridge) autoclave: 84–91%; o Phoenix mill: 71–78%; • Copper:

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-8 o Phoenix mill: 69–73%; o Copper leach: 40–52%; • Silver: o Phoenix mill: average 38%. Samples selected for metallurgical testing during feasibility and development studies were representative of the various styles of mineralization and geochemical variability within the different deposits. Samples were selected from a range of locations within the deposits including adjacent waste dilution. Sufficient samples were taken, and tests were performed using sufficient sample mass for the respective tests undertaken. Depending upon the specific processing facility, several processing factors or deleterious elements could have an economic impact on extraction efficiency of a certain ore source, based either on the presence, absence, or concentration of the following constituents in the processing stream: • Organic carbon; • Sulfide sulfur; • Carbonate carbon; • Arsenic • Mercury; • Antimony; • Copper. However, under normal ore routing and blending practices at NGM where material from several sites may be processed at one facility, the above list of constituents is typically not a concern. At Phoenix specific consideration is given to the deleterious elements cadmium, lead, and zinc, because there are sales contract limits within the concentrate for those elements. Levels are typically managed through sampling and ore blending. 1.11 Mineral Resource Estimation 1.11.1 Estimation Methodology Estimation was typically performed by Nevada Operations personnel. All mineralogical, drilling, and background data and information were provided to the estimators by the geological staff at the operations or by exploration staff. Exploratory data analysis was undertaken on sample and composite data, as required, to understand the statistical features within and between geologic and mineralization domains. High-grade anomalous values were controlled through the use of top-cutting and/or high-grade

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-9 estimation restrictions, applied by deposit and domain. Composite lengths varied by complex and planned mining method, ranging from 5–30 ft. Variographic analyses were completed by domain. Estimation and interpolation methods varied by deposit, domain, and estimation element. The following methods were used: ordinary kriging (OK), inverse distance weighting to the second power (ID2), inverse distance weighting to the third power (ID3). Typically, alternate grade interpolations (including nearest neighbor) were performed for use in model validation and sensitivity testing. Depending on the deposit, interpolation was performed in multiple (usually 2– 3) passes. Search neighborhoods were based on variography, and drill spacing. Minimum and maximum numbers of informing samples varied by deposit, as did the number of samples allowed to be used from a single drill hole. Dynamic anisotropy could be used to allow for a localized change in the strike, dip, and plunge orientation of the mineralization. Block models were flagged for mining depletion. Mineralization solids were checked for conformity to drill hole data, continuity, similarity between sections, overlaps, appropriate terminations between holes and into undrilled areas. Validation procedures were undertaken on the estimations. These could include comparison of global mean grades, visual comparisons to composite grades, comparisons to reconciliation (when available), comparison with theoretical support-corrected grade distributions, grade–tonnage curves, slope of regression calculations, comparison to NN analysis and swath plots. Blocks were classified in the model, based on relative confidence in the estimated grades, into measured, indicated, and inferred. Criteria for classification were defined within each deposit, and based on various combinations of: proximity to nearby drilling data (distances to nearest one, two, or three drill holes); geostatistical drill spacing studies; qualitative assessment of confidence in the underlying geologic interpretations; historical classification assignments; and classification smoothing algorithms. Mineralization considered potentially amenable to open pit mining methods was constrained within an optimized open pit shell created with various software packages and algorithms such as Pseudoflow, Deswik Pseudoflow, Deswik.GO, and Whittle Pseudoflow. Mineralization considered potentially amenable to underground mining methods was constrained within mineable shapes generated using Deswik stope optimizer (DSO) software. Barrick, as operator of the NGM JV, provides the commodity price guidance. An explanation of the derivation of the commodity prices is provided in Chapter 1.16.2. The estimated timeframe used for the price forecasts is the 23-year LOM that supports the mineral reserve estimates. The mineral resource estimates are reported at varying gold cut-off values, which are based on the material type being mined, the mining method and the designated process facility. As a result, gold cut-off values can vary significantly by material type. Revenue from the Phoenix Complex is generated from three products: gold, silver, and copper. A revenue cut-off, rather than a grade cut-off, is used for reporting purposes which integrates the economics (recovery, metal prices, and costs) of all three metals. The revenue calculation only includes incremental mining costs beyond the pit rim.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-10 1.11.2 Mineral Resource Statement Mineral resources are reported using the mineral resource definitions set out in SK1300. The reference point for the estimate is in situ. Mineral resources are reported exclusive of those mineral resources converted to mineral reserves. Mineral resources are reported on a 100% basis. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. The mineral resource estimates for the Nevada Operations are provided as follows: • Gold: Table 1-1 (measured and indicated) and Table 1-2 (inferred); • Silver: Table 1-3 (measured and indicated) and Table 1-4 (inferred); • Copper: Table 1-5 (measured and indicated) and Table 1-6 (inferred). Tonnages in the tables are metric tonnes. 1.11.3 Factors That May Affect the Mineral Resource Estimate Factors that may affect the mineral resource estimate include: changes to long-term metal price and exchange rate assumptions; changes in local interpretations of mineralization geometry such as pinch and swell morphology, extent of brecciation, presence of unrecognized mineralization off-shoots; faults, dykes and other structures; and continuity of mineralized zones; changes to geological and grade shape, and geological and grade continuity assumptions; changes to variographic interpretations and search ellipse ranges that were interpreted based on limited drill data, when closer-spaced drilling becomes available; changes to the estimation methodology; changes to metallurgical recovery assumptions; changes to the input assumptions and optimization methodology used to derive the potentially-mineable shapes applicable to the assumed underground and open pit mining methods used to constrain the estimates; changes to the forecast dilution and mining recovery assumptions; changes to the cut-off values applied to the estimates; variations in geotechnical (including seismicity), hydrogeological and mining method assumptions; changes to environmental, permitting and social license assumptions. Specific factors that may affect individual mineral resource estimates include: • Cortez Complex: Mineralization at the Robertson deposit is genetically different to the mineralization currently mined within the Cortez Complex. Additional metallurgical testwork is planned, and results from this work may impact options for processing the mineralization and subsequent recovery expectations.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-11 Table 1-1: Measured and Indicated Mineral Resource Statement (Gold) Complex Measured Mineral Resources Indicated Mineral Resources Measured and Indicated Mineral Resources Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Carlin 7,800 1.12 300 91,500 3.27 9,600 99,300 3.10 9,900 Cortez 1,000 2.82 100 87,200 1.84 5,100 88,200 1.85 5,200 Turquoise Ridge 1,300 10.56 400 33,600 2.87 3,100 35,000 3.16 3,500 Phoenix — — — 255,200 0.41 3,400 255,200 0.41 3,400 Total 10,100 2.51 800 467,600 1.41 21,300 477,700 1.44 22,100 Table 1-2: Inferred Mineral Resource Statement (Gold) Complex Inferred Mineral Resources Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Carlin 81,100 3.6 9,300 Cortez 75,300 2.2 5,400 Turquoise Ridge 29,400 2.6 2,500 Phoenix 26,800 0.4 300 Total 212,500 2.6 17,500

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-12 Table 1-3: Measured and Indicated Mineral Resource Statement (Silver) Complex Measured Mineral Resources Indicated Mineral Resources Measured and Indicated Mineral Resources Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Phoenix — — — 255,200 5.64 46,300 255,200 5.64 46,300 Total — — — 255,200 5.64 46,300 255,200 5.64 46,300 Table 1-4: Inferred Mineral Resource Statement (Silver) Complex Inferred Mineral Resources Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Phoenix 26,800 4.2 3,600 Total 26,800 4.2 3,600

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-13 Table 1-5: Measured and Indicated Mineral Resource Statement (Copper) Area Measured Mineral Resources Indicated Mineral Resources Measured and Indicated Mineral Resources Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Phoenix — — — 295,400 0.17 500 295,400 0.17 500 Total — — — 295,400 0.17 500 295,400 0.17 500 Table 1-6: Inferred Mineral Resource Statement (Copper) Area Inferred Mineral Resources Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Phoenix 28,700 0.2 0 Total 28,700 0.2 0 Notes to Accompany Mineral Resource Tables: 1. Mineral resources are current as at December 31, 2024, using the definitions in SK1300. The Qualified Person responsible for the estimate is Mr. Donald Doe, RM SME, Head, Reserves Governance, a Newmont employee. 2. The reference point for the mineral resources is in situ. 3. Mineral resources are reported on a 100% basis. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. 4. Mineral resources are reported exclusive of mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. 5. Mineral Resources that are potentially amenable to open pit mining methods are constrained within a pit shell. Mineral Resources that are potentially amenable to underground mining methods are constrained within conceptual stope designs. Parameters used are summarized in Table 11-1 and Table 11-2. 6. Tonnages are metric tonnes rounded to the nearest 100,000. Gold and silver grades are rounded to the nearest 0.01 gold grams per tonne. Copper grade is in %. Gold and silver ounces and copper tonnes are estimates of metal contained in tonnages and do not include allowances for processing losses. Contained (cont.) gold and silver ounces are reported as troy ounces, rounded to the nearest 100,000. Copper is reported as tonnes and rounded to the nearest 100 thousand tonnes. Rounding of tonnes and contained metal content as required by reporting guidelines may result in apparent differences between tonnes, grade and contained metal content. Due to rounding, some cells may show a zero (“0”). Totals may not sum due to rounding.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-14 1.12 Mineral Reserve Estimation 1.12.1 Estimation Methodology Measured and indicated mineral resources were converted to mineral reserves. Inferred mineral resources were excluded from mineral reserve estimates. Mineral reserves in the Nevada Operations area are estimated for the Carlin, Cortez, Phoenix and Turquoise Ridge complexes using open pit mining, and the Carlin, Cortez, and Turquoise Ridge complexes using underground mining. Stockpiled material is also included in the mineral reserve estimates. Mineral reserves are supported by a mine plan, an engineering analysis, and the application of modifying factors. For the open pits, optimization work involved creating optimized pit shells at a series of gold prices, and evaluating the pit shells at a gold price of US$1,400/oz Au, and for Phoenix, a copper price of $3.00/lb Cu and silver price of $20/oz Ag. The selected optimal pit shells then served as a guide for creating detailed pit designs, which considered factors such as minimum mining width, detailed haulage ramp designs, and pit-specific geotechnical or hydrogeological considerations. Operating costs build-up considered planned physical quantities included in the mine plan and included labor, consumables, mobile equipment maintenance, fixed asset maintenance, and contractor costs, and overhead expenses. The block models were constructed to include the expected dilution based on mining methods, bench height and other factors. The current mine and process reconciliation data appear to support this assumption. Underground mines were designed using zones that were amenable to different mining methods based on geotechnical and access considerations, the deposit shape, orientation and grade, and mining depths. The most common mining methods used were long-hole open stoping; underhand drift-and-fill, and overhand drift-and-fill. DSO was used to evaluate the gold grades in the geologic block model together with stope design input parameters such as stope orientation, stope widths, stope heights, minimum/maximum stope lengths, minimum pillar distance, permissible side wall and end wall angles, and cutoff grades, to create a mineable underground stope shape that met stope geometry and grade parameters. Waste or low-grade blocks included in the stope shapes were treated as internal dilution. Mine designs were modified by including the capital and operating development needed to access the stopes, and the applicable infrastructure requirements. Cut-off grades are determined based on a combination of the selected metal price, applicable royalty payments, mining costs, process operating costs, and on-site (and off-site) metal recoveries by material type, selected process method, and mining method. Revenue from the Phoenix Complex is generated from three products: gold, silver, and copper. A revenue cut-off, rather than a grade cut-off, is used that integrates the economics (recovery, metal prices, and costs) of all three metals. The revenue calculation only includes incremental mining costs beyond the pit rim. The mineral reserves for the Phoenix Complex are reported using a zero-dollar net revenue cut-off.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-15 Stockpile estimates were based on mine dispatch data; the grade comes from closely-spaced production sampling in the mines and tonnage sourced from equipment tonnage factors or weightometer records for material hauled to/from each stockpile. The stockpile volumes are updated based on monthly surveys, and the average grade of the stockpiles is adjusted based on the material balance to and from the stockpile. Barrick, as operator of the NGM JV, provides the commodity price guidance. An explanation of the derivation of the commodity prices is provided in Chapter 1.16.2. The estimated timeframe used for the price forecasts is the 23-year LOM that supports the mineral reserve estimates. 1.12.2 Mineral Reserve Statement Mineral reserves have been classified using the mineral reserve definitions set out in SK1300. The reference point for the mineral reserve estimate is the point of delivery to the process facilities. Mineral reserves are reported on a 100% basis. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. The mineral reserve estimates for the Nevada Operations are provided as follows: • Gold: Table 1-7; • Silver Table 1-8; • Copper: Table 1-9. Tonnages in the table are metric tonnes. 1.12.3 Factors That May Affect the Mineral Reserve Estimate Factors that may affect the mineral reserve estimates include: changes to long-term metal price assumptions; changes to metallurgical recovery assumptions; changes to the input assumptions used to derive the mineable shapes applicable to the assumed underground and open pit mining methods used to constrain the estimates; changes to the forecast dilution and mining recovery assumptions; changes to the cut-off grades used to constrain the estimates; variations in geotechnical (including seismicity), hydrogeological, mining, and processing recovery assumptions; and changes to environmental, permitting and social license assumptions.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-16 Table 1-7: Proven and Probable Mineral Reserve Statement (Gold) Area Proven Mineral Reserves Probable Mineral Reserves Proven and Probable Mineral Reserves Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Carlin 6,700 1.66 400 125,800 3.73 15,100 132,500 3.62 15,400 Cortez 1,600 2.78 100 148,200 2.79 13,300 149,900 2.79 13,500 Turquoise Ridge 36,100 4.82 5,600 43,200 6.42 8,900 79,400 5.69 14,500 Phoenix 8,400 0.64 200 141,900 0.63 2,900 150,300 0.63 3,100 Total 52,900 3.69 6,300 459,100 2.72 40,200 512,000 2.82 46,500 Table 1-8: Proven and Probable Mineral Reserve Statement (Silver) Area Proven Mineral Reserves Probable Mineral Reserves Proven and Probable Mineral Reserves Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Phoenix 8,400 7.87 2,100 141,900 7.78 35,500 150,300 7.78 37,600 Total 8,400 7.87 2,100 141,900 7.78 35,500 150,300 7.78 37,600

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-17 Table 1-9: Proven and Probable Mineral Reserve Statement (Copper) Area Proven Mineral Reserves Probable Mineral Reserves Proven and Probable Mineral Reserves Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Phoenix 11,200 0.16 0 184,500 0.18 300 195,700 0.18 300 Total 11,200 0.16 0 184,500 0.18 300 195,700 0.18 300 Notes to Accompany Mineral Reserve Tables: 1. Mineral reserves are current as at December 31, 2024. Mineral reserves are reported using the definitions in SK1300. The Qualified Person responsible for the estimate is Mr. Donald Doe, RM SME, Head, Reserves Governance, a Newmont employee. 2. The point of reference for the estimates is the point of delivery to the process facilities. 3. Mineral reserves are reported for Nevada Gold Mines on a 100% basis. Barrick owns a 61.5% joint venture interest, with Newmont owning the remaining 38.5% joint venture interest. 4. Mineral reserves that will be mined using open pit mining methods are constrained within a designed pit shell. Mineral reserves that will be mined by underground mining methods are constrained within stope designs. Parameters used are summarized in Table 12-1 and Table 12-2. 5. Tonnages are metric tonnes rounded to the nearest 100,000. Gold and silver grades are rounded to the nearest 0.01 gold grams per tonne. Copper grade is in %. Gold and silver ounces and copper tonnes are estimates of metal contained in tonnages and do not include allowances for processing losses. Contained (cont.) gold and silver ounces are reported as troy ounces, rounded to the nearest 100,000. Copper is reported as tonnes and rounded to the nearest 100 thousand tonnes. Rounding of tonnes and contained metal content as required by reporting guidelines may result in apparent differences between tonnes, grade and contained metal content. Due to rounding, some cells may show a zero (“0”). Totals may not sum due to rounding.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-18 1.13 Mining Methods Open pit mining is conducted using conventional techniques and an owner-operated conventional truck and shovel fleet. Open pit operations include the following ten open pits: South Arturo, Goldstrike, Gold Quarry, Cortez Pits, Pipeline, Crossroads, Robertson, Phoenix, Vista, and Mega. Underground mining is currently conducted using conventional stoping methods, and conventional mechanized equipment. Underground operations include the following nine underground mines: El Niño, Goldstrike, Exodus, Leeville, Rita K, Pete Bajo, Cortez Hills, Goldrush, and Turquoise Ridge. Nevada Operations personnel and external consultants completed geotechnical studies and provided geotechnical recommendations that form the basis for pit designs. Ground control management plans were developed, and are regularly updated. The Nevada Operations have hydrogeological models constructed for key operational areas, used to predict the rate of dewatering and for well-location planning. The models are regularly updated. Ultimate open pit designs were developed based on pit optimization analysis. The pit limits incorporate geotechnical and hydrogeological recommendations into final high walls and are designed to include ramps and access to haulage routes to waste rock storage facilities (WRSFs) and processing facilities. Some deposits include phased pit designs which are used to sequence the mining operation. Phases are designed to optimize the economics of the operation and/or provide access to selected ore for blending purposes. Haul road effective widths for two-way travel range from 90–150 ft with a maximum grade of 10%. For single-lane haul roads, a minimum road width of 65–80 ft could be used for the bottom benches of the pit. Bench heights typically vary from 20–40 ft, and can be 60 ft where triple-benching is employed. Some Cortez open pits use 50 ft bench heights; with 100 ft benches where double-benching is employed. Blast patterns are laid out according to material type using rock type designations. Underground mining is mechanized, using large-scale equipment. The most common mining methods are a combination of drift-and-fill mining variants with cemented rock or paste backfill, and long-hole stoping with, depending on ground conditions, either cemented or uncemented backfill. Depending on the operation, material is loaded into haul trucks and hauled to surface using declines, or hoisted via shafts. The currently active and proposed WRSFs have adequate capacity for the LOM. The management of waste rock is based on categorizing by waste rock types based on analytical parameters, with additional refining of waste polygons based on geologic interpretation. The open pit production schedules have significant variation in ore delivery over time and there is a high proportion of the ore that is stockpiled after mining and before processing. There are several stockpile options, all of which are based upon the grade of material and varying in classification from leach to mill ore. Leach material is generally delivered directly to the leach pads. The number of loading and hauling units allocated to each deposit varies depending on the operational needs from the open pit mine plans. The equipment list also includes the auxiliary equipment needed to support mining and the re-handling of the ore from the stockpile pad into the mill feeders. Underground equipment requirements include large-scale load–haul–dump vehicles and haulage trucks, jumbos, and auxiliary equipment. The LOM plan assumes 562 Mt of ore and 1,221 Mt of waste will be mined and treated.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-19 1.14 Recovery Methods There are eight heap leach facilities, two oxide plants, one flotation plant, two autoclave facilities, and two roaster facilities. The process facility designs were based on a combination of metallurgical testwork, previous study designs, and previous operating experience. The designs are conventional to the gold industry. The gold heap leach process consists of a conventional run-of-mine leach pad, followed by leaching, solution collection, and pumping. Solution is collected in the leach pad drain system and then pumped to activated carbon columns (CIC) where gold loads onto activated carbon. Gold-laden carbon is reclaimed from the CIC circuit and transported to a centralized carbon stripping system where the gold is stripped from the carbon and recovered by electro-winning. Stripped carbon is recycled and reused. The gold heap leach produces doré. Gold recovery from heap leaching is a function of solution application and management, particle size distribution, time, and mineralogy. Cyanide leach kinetics in the heap leach pads is most strongly affected by ore characteristics. The Phoenix copper leach process consists of a conventional run-of-mine leach pad designed to facilitate the stacking of copper oxide and transition ores as well as the subsequent leaching, solution collection, and pumping. The copper heap leach produces copper cathode. The Gold Quarry concentrator is currently on care and maintenance. The Pipeline mill treats material from the Crossroads/Pipeline open pit, Cortez Pits open pit, Cortez Hills underground, and historical stockpiles derived from mining of the Pipeline and Cortez Hills open pits. The process consists of crushing and grinding, a CIL circuit, carbon stripping and reactivation circuits, and doré refining. The final product is doré. The Phoenix solvent extraction–electrowinning (SX/EW) plant is fed with material derived from the Fortitude and Bonanza open pits. The SX plant consists of leaching, solvent extraction, and copper electrolysis, to produce cathode copper. The Phoenix mill treats material from open pit sources at the Phoenix Complex. The plant has a copper–gold-specific flotation system designed to provide concentrate products for sale to an outside smelter. The process consists of crushing and grinding, flotation, conventional carbon- in-pulp processing, to produce copper concentrates. Gold is also recovered by gravity separation. Run-of-mine higher-grade oxide ore from Turquoise Ridge Surface sources are blended for gold grade, hardness, and carbonate content and fed to the Juniper oxide mill. The process consists of grinding, a CIL circuit, elution and electrowinning. The final product is doré. Run-of-mine higher-grade oxide ore from South Arturo and Carlin Area sources are blended for gold grade, hardness, and carbonate content and fed to the Phase 1 grinding circuit, the Goldstrike oxide circuit. The process consists of grinding, a CIL circuit, elution and electrowinning. The final product is doré. The Goldstrike autoclave treats material from Goldstrike Betze Open Pit. The process consists of crushing and grinding, pressure oxidation using autoclaves, a CIL circuit, elution and electrowinning. The Sage autoclave treats material from Turquoise Ridge Underground and open pit sources, plus historical stockpiles. The process consists of crushing and grinding, pressure oxidation using autoclaves, a CIL circuit, elution, and electrowinning. The final product is doré.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-20 The Goldstrike roaster treats open pit and underground material from numerous sources including the South Arturo open pit, El Niño underground, Goldstrike underground, Goldstrike open pit, historical stockpiles derived from mining of the Goldstrike open pit, Goldstar open pit, Leeville underground, Pete Bajo underground, Exodus underground, Cortez Crossroads/Pipeline open pit, Cortez Hills underground, historical stockpiles derived from mining of the Cortez Hills and Crossroads/Pipeline open pits, and Goldrush underground. The process includes crushing, grinding, roasting, and a roaster CIL circuit. The product is transferred to the Goldstrike autoclave circuit for elution and electrowinning to produce doré. The Gold Quarry roaster treats open pit and underground material from Carlin and Cortez, as well as sulfide concentrates. The process includes crushing, grinding, roasting, leaching, a CIL circuit, and electrowinning to produce doré. Magnetic separation is applied to recover gold locked in a magnetic component of the tailings and transported to an autoclave for pretreatment and cyanide leaching. The off-gas from the roaster is processed for recovery of sulfur dioxide as sulfuric acid. The major consumables in the gold heap leach facilities are antiscalant, cyanide and lime. The copper heap leach pads use sulfuric acid. The Phoenix SX/EW plant uses sulfuric acid (electrolyte), cobalt, diluent, extractant, diatomaceous earth, clay, and starch. Mill facilities use grinding media, balls for ball mills, lime, cyanide, collector, frother, and hydrogen peroxide. Roasters and autoclaves use grinding media, sulfur, sulfuric acid, lime, and cyanide. 1.15 Infrastructure Major infrastructure to support mining operations is constructed and operational. This includes: • Open pits; • Shafts, hoisting infrastructure, portals, declines, ramps; ventilation systems; backfill plants; • Heap leach, mill, autoclave and roasting facilities; mine laboratories; • Stockpiles; waste rock and tailings storage facilities; • Conveyors and pipelines; • Access and haul roads; • Water management and treatment facilities; • Power station, transmission lines, electrical stations and substations, and electrical distribution networks; • Truck shops, maintenance facilities, warehouses, and administrative facilities/offices; • Communications, including fiber optic lines and network communications, mine radio networks, and leaky-feeder systems; • Core and sample pulp storage. Additional infrastructure will include: • Carlin Complex: backfill plant; mine accesses; ventilation system; and tailings storage construction and expansion to support the LOM plan;

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-21 • Cortez Complex: mine accesses; surface dewatering wells and associate pipe and pumping infrastructure; rapid infiltration basins; underground dewatering/pumping infrastructure; backfill plant; ventilation system; electrical distribution network; and tailings storage construction and expansion to support the LOM plan; • Phoenix: sulfur concentrate facility; and tailings storage expansion to support the LOM plan; • Turquoise Ridge: partial relocation of Mega Pit surface infrastructure; backfill plant; and tailings storage expansion to support the LOM plan. There are eight heap leach pads in the Project area, all of which are actively being leached. There is sufficient capacity in the heap leach pads and planned heap leach pad expansions for LOM planning purposes. There are 100 WRSFs in the Project area, of which 53 are inactive and undergoing reclamation, and 47 are active. A total of 27 pits are permitted for partial or full waste backfill. There is sufficient capacity in the existing WRSFs and planned WRSF expansions for LOM planning purposes. There are 22 TSFs in the Project area, of which 14 are inactive and undergoing reclamation, and eight are active, with seven receiving tailings, and one used for water management. There is sufficient capacity in the active TSFs and planned TSF expansions for LOM planning purposes. Water supply for processing operations is sourced, depending on the facility, from well fields, TSF reclaim, storm run-off water, and pit dewatering. Potable water is provided by permitted water wells and supporting treatment and infrastructure facilities. The current water sources, assuming similar climate conditions to those experienced by the operations in the past, will be sufficient for the LOM plan. Water management operations include systems of dewatering wells, water gathering and conveyance facilities, water storage, water use, and various management options for discharge of excess water. Water not used for mining or milling can be pumped to storage reservoirs. Rapid infiltration basins are used to capture storm run-off water to avoid that water coming into contact with mining operations. The Nevada Division of Environmental Protection (NDEP) allows selected complexes within the Nevada Operations, through discharge permits, to discharge groundwater from pumping operations to groundwater vis percolation, infiltration, and irrigation. The current water management practices are expected to be applicable for the LOM plan. There are no accommodation facilities at any of the complexes. Personnel reside in adjacent settlements including Battle Mountain, Carlin, Elko, Golconda, Wells, West Wendover and Winnemucca. Electrical power for the Carlin, Cortez, Turquoise Ridge, and Phoenix Complexes is typically obtained via the TS power plant and from the Western 102 power plant (both of which are owned and operated by NGM) with transmission by NV Energy. Power for Gold Quarry and Goldrush is supplied via the Wells Rural Electric Power Company. Power can also be purchased on the open market if required. 1.16 Markets and Contracts 1.16.1 Market Studies NGM has established contracts and buyers for the gold bullion and copper concentrate and cathode products from the Nevada Operations, and has an internal marketing group that monitors

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-22 markets for its key products. Together with public documents and analyst forecasts, these data support that there is a reasonable basis to assume that for the LOM plan, that the key products will be saleable at the assumed commodity pricing. 1.16.2 Commodity Pricing Barrick, as operator of the NGM JV, provides the commodity price guidance. Barrick uses a combination of historical and current contract pricing, contract negotiations, knowledge of its key markets from a long operations production record, short-term versus long-term price forecasts prepared by the company’s internal marketing group, public documents, and analyst forecasts when considering long-term commodity price forecasts. Higher metal prices are used for the mineral resource estimates to ensure the mineral reserves are a sub-set of, and not constrained by, the mineral resources, in accordance with industry- accepted practice. The long-term commodity price and exchange rate forecasts are: Mineral reserves: • Gold: US$1,400/oz; • Silver: US$20/oz; • Copper: US$3.00/lb; Mineral resources: • Gold: US$1,900/oz; • Silver: US$24/oz; • Copper: US$4.00/lb. 1.16.3 Contracts NGM has contracts in place for the majority of the copper concentrate. The terms contained within the concentrate sales contracts are typical and consistent with standard industry practice for high-gold, low-copper concentrates. The joint venture agreement requires that Newmont and Barrick purchase 100% of the refined doré that NGM produces on a pro rata basis, according to the individual company’s joint venture interest. The terms contained within Newmont’s sales contracts are typical and consistent with standard industry practice and are similar to contracts for the supply of bullion elsewhere in the world. The largest in-place contracts other than for product sales cover items such as bulk commodities, operational and technical services, mining and process equipment, and administrative support services. Contracts are negotiated and renewed as needed. 1.17 Environmental, Permitting and Social Considerations 1.17.1 Environmental Studies and Monitoring Baseline and supporting environmental studies were completed to assess both pre-existing and ongoing site environmental conditions, as well as to support decision-making processes during

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-23 operations start-up. Characterization studies were completed for climate, air quality, hydrology and surface water quality, hydrogeology, flora, fauna, soils, agriculture and land use, and the socioeconomic environment. Plans were developed and implemented to address aspects of operations such as waste and fugitive dust management, spill prevention and contingency planning, water management, and noise levels. As part of its permitting requirements, NGM has submitted and received approval on numerous PoOs and Reclamation Plans for each area. NGM has additionally submitted and/or provided information to support Environmental Assessments (EA) or Environmental Impact Statements (EIS) for each area containing public lands. The additionally submitted information includes various baseline and supporting studies on various natural resources. Existing operations were reviewed by the BLM and Nevada Division of Environmental Protection Bureau of Mining Regulation and Reclamation (NDEP–BMRR). BLM National Environmental Policy Act (NEPA) analysis under an EA or EIS can result in a Determination of NEPA Adequacy (DNA), Findings of No Significant Impacts (FONSI), or a Record of Decision (ROD). These determinations are issued by the BLM for those operations where PoOs contain public lands. The PoOs are updated and amended, as necessary, to allow for continuation of mining or additional mine development. 1.17.2 Closure and Reclamation Considerations Initial closure planning is included within all proposals and reclamation plan documents during the permitting process. Closure planning is integrated with mine and reclamation planning to the extent practicable during active operations. Concurrent reclamation of lands as mining progresses is a primary consideration for NGM. Reclamation plans are regularly reviewed and revised at a minimum of every three years to ensure adequate financial assurances have been put in place for required reclamation activities. Approvals are required from both the BLM and NDEP for reclamation and closure plan amendments and bond adjustments. Various mine facilities are located within the PoO boundaries on private lands and the federal lands administered by the BLM. Only approved facility disturbance can be constructed within PoO boundaries. All PoO boundaries on private lands within the PoO are under the jurisdiction of the NDEP–BMRR. The reclamation boundaries define limits of approved disturbance for mining within each PoO boundary. A Nevada industry-standard method or Standard Reclamation Cost Estimator (SRCE) model is used by NGM to calculate the liabilities. NGM currently has posted approximately US$2.15 B in financial assurances in the form of letters of credit and surety bonds to cover mine closure costs. Additionally, there are several trusts associated with closure cost planning. Estimated closure costs used in the cashflow analysis total US$1.0 B. This cost estimate is based on the actual disturbance. 1.17.3 Permitting As part of its permitting requirements, NGM has submitted PoOs and Reclamation Plans for each operation. NGM has submitted and/or provided information to support NEPA evaluation for each area containing public lands. The PoOs are updated and amended as necessary to allow for continuation of mining or additional mine development. The Nevada Operations have the required permits to operate or will be applying for the permits as they are required for mine development.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-24 1.17.4 Social Considerations, Plans, Negotiations and Agreements NGM is one of the largest direct employers in the area and also generates significant indirect employment. Stakeholder engagement is a primary pillar of that strategy and includes participation in local civic activities; city/town council and county commission meetings; serving on boards and committees; town hall meetings; and one-to-one engagement. From this engagement, NGM listens to, and partners with, local organizations to identify a social investment strategy. Education, health, economic development and cultural heritage are key areas for community investments. NGM has also partnered with local law enforcement on public safety initiatives and conservation groups on environmental conservation programs. Also as part of the community affairs program, NGM engages with 10 tribal communities. Engagement with partner tribes includes regularly-held meetings called “Dialogue Meetings”; tribal council meetings; community committees; one-to-one engagements and sponsorship of several community-driven initiatives. Through this engagement, NGM works with tribal councils to identify and support community priorities in programs aimed at improving community health and well-being, education attainment, cultural heritage preservation, and economic development. 1.18 Capital Cost Estimates Capital costs were based on recent prices or operating data and are at a minimum at a pre- feasibility level of confidence, having an accuracy level of ±25% and a contingency range not exceeding 15%. Capital costs included funding for infrastructure, pit dewatering, development drilling, and permitting as well as miscellaneous expenditures required to maintain production. Mobile equipment re-build/replacement schedules and fixed asset replacement and refurbishment schedules were included. Sustaining capital costs reflected current price trends. The LOM capital cost estimate is US$5.7 B (Table 1-10). 1.19 Operating Cost Estimates Operating costs were based on actual costs seen during operations and are projected through the LOM plan, and are at a minimum at a pre-feasibility level of confidence, having an accuracy level of ±25% and a contingency range not exceeding 15%. Historical costs were used as the basis for operating cost forecasts for supplies and services unless there are new contract terms for these items. Labor and energy costs were based on budgeted rates applied to headcounts and energy consumption estimates.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-25 Table 1-10: Capital Cost Estimate Area Unit Value Mine US$ B 3.8 Process US$ B 1.0 General and administrative US$ B 0.1 Goldrush ramp-up US$ B 0.5 Robertson US$ B 0.3 Total US$ B 5.7 Note: Numbers have been rounded; totals may not sum due to rounding. The LOM operating costs are estimated at US$37.3 B (Table 1-11). The average mining costs (open pit and underground) over the LOM are US$10.79/t mined, process costs are $19.66/t, and general and administrative costs (inclusive of transport costs, dewatering, freight, refining community and royalty costs) are US$14.22/t processed. 1.20 Economic Analysis The financial model that supports the mineral reserve declaration is a standalone model that calculates annual cashflows based on scheduled ore production, assumed processing recoveries, metal sale prices, projected operating and capital costs and estimated taxes. The financial analysis is based on an after-tax discount rate of 5%. All costs and prices are in unescalated “real” dollars. The currency used to document the cashflow is US$. All costs are based on the 2025 budget. Revenue is calculated from the recoverable metals and long-term metal price and exchange rate forecasts. Taxes assume a rate of 21% plus the Nevada Net Proceeds Tax of 5% and the Nevada Mining Education Tax. The economic analysis is based on 100% equity financing and is reported on a 100% project ownership basis. The economic analysis assumes constant prices with no inflationary adjustments. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. Within the NGM JV, copper sales are generally in the form of concentrate, which is sold to smelters for further treatment and refining, and cathode. Copper is sold in either concentrate or cathode form. These sales are to third party customers. Generally, if a secondary metal expected to be mined is significant to the NGM JV, co-product accounting is applied. When the NGM JV applies co-product accounting at an operation, revenue is recognized for each co-product metal sold, and shared costs applicable to sales are allocated based on the relative sales values of the co-product metals produced. Generally, if a secondary metal expected to be mined is not significant to the Joint Venture, by-product accounting is applied. As copper and silver production at each of the NGM operations is not significant to the NGM JV, production from copper and silver are accounted for as by-product sales. Revenues from by-product sales are credited by NGM and Barrick as a by-product credit. For the purposes of showing a complete cashflow analysis for the Nevada Operations as a whole, silver was treated as a by-product credit.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-26 Table 1-11: Operating Cost Estimate Item Units Value Mining US$B 18.2 Processing US$B 11.1 G&A US$B 3.4 Other (incl. stockpile) US$B 4.7 Total US$B 37.3 Note: Numbers have been rounded; totals may not sum due to rounding. G&A = general and administrative The economic analysis is based on 100% equity financing and is reported on a 100% project ownership basis. The economic analysis assumes constant prices with no inflationary adjustments. The NPV5% is US$6.1 B. Due to the profile of the cashflow, considerations of payback and internal rate of return are not relevant. A summary of the financial results is provided in Table 1-12. 1.21 Sensitivity Analysis The sensitivity of the Project to changes in metal prices, grade, sustaining capital costs and operating cost assumptions was tested using a range of 20% above and below the base case values (Figure 1-1). The Project is most sensitive to changes in the metal price, followed by operating cost changes and the least sensitive to capital cost changes. Grade is not shown, as the grade sensitivity mirrors the metal price sensitivity. 1.22 Risks The risks associated with the Nevada Operations are generally those expected with open pit and underground mining operations and include the accuracy of the resource models, unexpected geological features that cause geotechnical issues, and/or operational impacts. Other risks noted include: • Consumables price increases for items such as electricity, fuel, tires, and chemicals would negatively impact the stated mineral reserves and mineral resources; • Geotechnical and hydrogeological assumptions used in mine planning are based on historical performance, and to date historical performance has been a reasonable predictor of current conditions. Any changes to the geotechnical (including seismicity) and hydrogeological assumptions could affect mine planning, affect capital cost estimates if any major rehabilitation is required due to a geotechnical or hydrogeological event, affect operating costs due to mitigation measures that may need to be imposed, and alter the economic analysis that supports the mineral reserve estimates;

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-27 Table 1-12: Cashflow Summary Table (100% basis) Item Unit Value Metal prices Gold $/oz Au 1,400 Copper $/lb Cu 3.00 Silver $/oz Ag 20 Contained metal Total ore Mt 562 Gold tonnage Mt 512 Gold grade g/t 2.82 Copper tonnage Mt 196 Copper grade % 0.18 Silver tonnage Mt 150 Silver grade g/t 7.78 Gold ounces Moz Au 46.5 Copper pounds Mlbs Cu 770 Silver ounces Moz Ag 37.6 Financial metrics Capital costs $B 5.7 Operating cashflow $B 16.4 Discount rate % 5 Free cashflow $B 10.7 Net present value $B 6.1 Note: Numbers have been rounded; totals may not sum due to rounding. Tonnes are metric tonnes. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. Table 1-12 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. Please refer to the note regarding forward-looking information at the front of the Report. The cashflow is only intended to demonstrate the financial viability of the Project. Investors are cautioned that the above is based on a high-level mine plan and certain assumptions which may differ from Newmont’s long-term outlook or actual financial results, including, but not limited to commodity prices, escalation assumptions and other technical inputs. For example, Table 1-12 uses the price assumptions stated in the table, including a gold commodity price assumption of US$1,400/oz, which varies significantly from current gold prices and the assumptions that Newmont uses for its long- term guidance. Please be reminded that significant variation of metal prices, costs and other key assumptions may require modifications to mine plans, models, and prospects.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-28 Figure 1-1: NPV Sensitivity Note: Figure prepared by Barrick, 2024. NPV = net present value. Left hand axis in US$ B. • There is a risk that the capital cost estimates at mines under development may increase as construction progresses. This may negatively affect the economic analysis that supports the mineral reserve estimates; • The LOM plan assumes that new TSFs can be permitted based on envisaged timelines. If the permitting schedule is delayed, this could impact costs and proposed production; • Updated industry standards for TSFs may have an impact on the envisaged TSF costs; • The LOM plan assumes that ore is sent to the process facility that will provide optimal results (costs, metallurgical recoveries). Should, for operational reasons, a different process facility be selected, then higher operating costs and/or lower recoveries may result; • The LOM plan envisages blending of numerous ore sources at the various process facilities. Non-optimal blends could impact operating costs, plant throughputs, and metallurgical recoveries. There may be potential for exceedances on environmental monitoring limits if such blends are not well controlled; • Stockpiled materials can undergo degradation over time, and the metallurgical constituents or recoveries assumed for stockpiled materials may be lower than that assumed in the LOM plan;

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-29 • Management of threatened and endangered species may delay permits and increase capital and/or operating costs. Although there are site-specific management plans, either planned or in place, if there is a major impact seen on the populations from mining activities, the environmental permits for the operations could be revised or even revoked. The social license to operate could also be impacted; • On-highway transport of ore or concentrate could be impacted by changes to regulations on the number of trucks that can be used; • Ability to permit and construct the proposed railway from the Cortez Complex Cortez site to the Carlin Complex on schedule and budget; • Exceedances of permit conditions have historically occurred at certain of the process facilities. Should such exceedances recur, there could be social and regulatory impacts to operations, mine plans, and the forecast economic analyses; • The long-term reclamation and mitigation of the Nevada Operations are subject to assumptions as to closure timeframes and closure cost estimates. If these cannot be met, there is a risk to the costs and timing; • Water treatment costs, particularly the assumptions used for the Turquoise Ridge Complex, may be higher than envisaged, requiring modifications to the capital and operating cost assumptions used in the economic analysis; • Climate changes could impact operating costs and ability to operate; • There is increasing regulatory pressure to relinquish unused water rights which could limit future optionality; • Newmont is the minority partner in the NGM JV and does not exercise day-to-day control over NGM’s operations; • Political risk from challenges to the current state or federal mining laws. 1.23 Opportunities Opportunities include: • Conversion of some or all of the measured and indicated mineral resources currently reported exclusive of mineral reserves to mineral reserves, with appropriate supporting studies; • Upgrade of some or all of the inferred mineral resources to higher-confidence categories, with additional drilling and supporting studies, such that this higher- confidence material could potentially be converted to mineral reserve estimates; • Higher metal prices than forecast could present upside sales opportunities and potentially an increase in predicted Project economics; • NGM holds a significant ground package within the AOI that retains significant exploration potential: • Exploration potential around current and historical open pits;

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 1-30 • Potential for new underground operations proximal to the current mineral resource and mineral reserve estimates, with the support of additional studies. 1.24 Conclusions Under the assumptions presented in this Report, the Nevada Operations have a positive cashflow, and mineral reserve estimates can be supported. 1.25 Recommendations As the Nevada Operations are an operating mining complex, the QP has no material recommendations to make.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 2-1 2.0 INTRODUCTION 2.1 Registrant This technical report summary (the Report) was prepared for Newmont Corporation (Newmont) on the Nevada Operations (Nevada Operations or the Project) that are located in Nevada (Figure 2-1). The Project is operated as a joint venture (JV) through Nevada Gold Mines, LLC (NGM). Barrick Gold Corporation (Barrick) is the JV operator and owns 61.5%, with Newmont owning the remaining 38.5% JV interest. 2.2 Terms of Reference 2.2.1 Report Purpose The Report was prepared to be attached as an exhibit to support mineral property disclosure, including mineral resource and mineral reserve estimates, for the Nevada Operations in Newmont’s Form 10-K for the year ending December 31, 2024. 2.2.2 Terms of Reference The Nevada Operations consist of nine underground and 10 open pit active mining operations, eight heap leach facilities, three oxide plants, one flotation plant, two autoclave facilities, and two roaster facilities, forming four major mining/processing complexes centered at Carlin, Cortez, Phoenix and Turquoise Ridge. Figure 2-1 shows the locations of the major mining complexes in relation to the JV area of interest (AOI) covers a significant portion of northern Nevada. Note that the AOI area includes ground that is held by third parties and is not part of the NGM mineral title holdings. The 10 active open pit mining operations include: South Arturo, Goldstrike, Gold Quarry, Cortez Pits, Pipeline, Crossroads, Robertson, Phoenix, Vista, and Mega. The nine underground operations comprise El Niño, Goldstrike, Exodus, Leeville, Rita K, Pete Bajo, Cortez Hills, Goldrush, and Turquoise Ridge. Deposits with mineral resource and mineral reserve estimates are summarized in Table 2-1 and deposit locations are provided by mining complex in Figure 2-2 to Figure 2-6. Unless otherwise indicated, all financial values are reported in United States (US) currency (US$). Units may be in either metric or US customary units as identified in the text. Mineral resources and mineral reserves are reported using the definitions in Subpart 229.1300 – Disclosure by Registrants Engaged in Mining Operations in Regulation S–K 1300 (SK1300). The Report uses US English. The Report contains forward-looking information; refer to the note regarding forward-looking information at the front of the Report.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 2-2 Figure 2-1: Mining Complex And Area of Interest Location Plan

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 2-3 Table 2-1: Deposits/Zones Hosting Mineral Resources and Mineral Reserves Complex Deposit/Zone Mineral Resource Mineral Reserve Mining Method/ Proposed Mining Method Carlin South Arturo Y Y Open pit South Arturo/El Nino Y Y Underground Ren Y N Underground Goldstrike Y Y Open pit Goldstrike Y Y Underground Green Lantern Y N Open pit Exodus Y Y Underground Goldstar Y N Open pit Fallon Y N Underground West Leeville Y Y Underground Rita K Y Y Underground Pete Bajo Y Y Underground Gold Quarry Y Y Open pit Cortez Cortez Pits Y Y Open pit Cortez Hills Y Y Underground Crossroads Y Y Open pit Pipeline Y Y Open pit Gold Acres Y N Open pit Goldrush Y Y Underground Robertson Y Y Open pit Phoenix Bonanza Y Y Open pit Fortitude Y Y Open pit Turquoise Ridge Mega Y Y Open pit Turquoise Ridge Y Y Underground Vista 8 N * Y Open pit Vista 9 Y N Open pit Stockpiles Carlin Y Y Stockpile Cortez Y Y Stockpile Phoenix Y Y Stockpile Turquoise Ridge Y Y Stockpile Note: * All of the mineral resources at Vista 8 were converted to mineral reserves. No inferred mineral resources remain within the open pit design.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 2-4 Figure 2-2: North Area, Carlin Complex, Deposit Location Map

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 2-5 Figure 2-3: South Area, Carlin Complex Deposit Location Map

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 2-6 Figure 2-4: Cortez Complex, Deposit Location Map

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 2-7 Figure 2-5: Phoenix Complex, Deposit Location Map

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 2-8 Figure 2-6: Turquoise Ridge Deposit Location Plan

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 2-9 2.3 Qualified Persons The following Newmont employee serves as the Qualified Person (QP) for the Report: • Mr. Donald Doe, RM SME., Head, Reserves Governance, Newmont. Mr. Doe is responsible for all Report chapters. 2.4 Site Visits and Scope of Personal Inspection Mr. Doe has visited the Nevada Operations on many occasions, most recently from August 19– 22, 2024, when his site visit focus was on the Carlin and Cortez Complexes. He inspected the open pit operations at Gold Quarry, South Arturo, Goldstrike and Pipeline, and the underground operations at Cortez Hill Underground. 2.5 Report Date Information in the Report is current as at December 31, 2024. 2.6 Information Sources and References The reports and documents listed in Chapter 24 and Chapter 25 of this Report were used to support Report preparation. 2.7 Previous Technical Report Summaries Newmont has previously filed the following technical report summary on the Project: Doe, D., 2021: Nevada Operations, Nevada, USA, Technical Report Summary: report current as at 31 December, 2021, 261 p.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-1 3.0 PROPERTY DESCRIPTION 3.1 Introduction The Nevada Operations are centered on the Carlin South Plan of Operations, which is the approximate center of the Area of Interest (AOI), see Figure 2-1 and discussion in Chapter 3.3. The centroid locations of the current Operations Plans of Operation (PoOs) are summarized in Table 3-1. The centroids for the Exploration Plans of Operation are provided in Table 3-2. 3.2 Property and Title in Nevada 3.2.1 Mineral Title Federal (30 USC and 43 CFR) and Nevada (NRS 517) laws concerning mining claims on Federal land are based on an 1872 Federal law titled “An Act to Promote the Development of Mineral Resources of the United States.” Mining claim procedures still are based on this law, but the original scope of the law has been reduced by several legislative changes. The Mineral Leasing Act of 1920 (30 USC Chapter 3A) provided for leasing of some non-metallic materials; and the Multiple Mineral Development Act of 1954 (30 USC Chapter 12) allowed simultaneous use of public land for mining under the mining laws and for lease operation under the mineral leasing laws. Additionally, the Multiple Surface Use Act of 1955 (30 USC 611-615) made “common variety” materials non- locatable; the Geothermal Steam Act of 1970 (30 USC Chapter 23) provided for leasing of geothermal resources; and the Federal Land Policy and Management Act of 1976 (the “BLM Organic Act,” 43 USC Chapter 35) granted the Secretary of the Interior broad authority to manage public lands. Most details regarding procedures for locating claims on Federal lands have been left to individual states, providing that state laws do not conflict with Federal laws (30 USC 28; 43 CFR 3831.1). Mineral deposits are located either by lode or placer claims (43 CFR 3840). The locator must decide whether a lode or placer claim should be used for a given material; the decision is not always easy but is critical. A lode claim is void if used to acquire a placer deposit, and a placer claim is void if used for a lode deposit. The 1872 Federal law requires a lode claim for “veins or lodes of quartz or other rock in place” (30 USC 26; 43 CFR 3841.1), and a placer claim for all “forms of deposit, excepting veins of quartz or other rock in place” (30 USC 35). The maximum size of a lode claim is 1,500 ft (457 m) in length and 600 ft (183 m) in width, whereas an individual or company can locate a placer claim as much as 20 acres (8 ha) in area. Claims may be patented or unpatented. A patented claim is a lode or placer claim or mill site for which a patent has been issued by the Federal Government, whereas an unpatented claim means a lode or placer claim, tunnel right or mill site located under the Federal (30 USC) act, for which a patent has not been issued.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-2 Table 3-1: Operations Plans of Operation Centroid Location Summary Table Operations Plan of Operations Name Easting Northing Projection Datum South Arturo 547695.27 4542373.89 NAD83_UTM_Zone_11N Bootstrap 549530.93 4540070.80 NAD83_UTM_Zone_11N Carlin 558233.17 4528248.53 NAD83_UTM_Zone_11N Copper Basin 497210.18 4495279.29 NAD83_UTM_Zone_11N Cortez 526136.63 4451067.02 NAD83_UTM_Zone_11N Emigrant 587023.17 4495607.30 NAD83_UTM_Zone_11N Genesis-Bluestar 553286.53 4531560.79 NAD83_UTM_Zone_11N Gold Quarry 567325.95 4514448.36 NAD83_UTM_Zone_11N Goldrush 538835.79 4442168.12 NAD83_UTM_Zone_11N Goldstrike 551915.78 4537162.35 NAD83_UTM_Zone_11N Greater Phoenix 489152.32 4483634.77 NAD83_UTM_Zone_11N Hilltop 517821.85 4473033.14 NAD83_UTM_Zone_11N Leeville 556455.63 4531494.14 NAD83_UTM_Zone_11N Long Canyon 710085.96 4537424.11 NAD83_UTM_Zone_11N Meikle 551421.79 4540023.92 NAD83_UTM_Zone_11N North Area Leach 555483.91 4533912.32 NAD83_UTM_Zone_11N Rain 583602.96 4495804.12 NAD83_UTM_Zone_11N Robertson 526286.08 4461913.38 NAD83_UTM_Zone_11N Turquoise Ridge 480016.82 4562621.49 NAD83_UTM_Zone_11N Twin Creeks 487331.39 4566477.34 NAD83_UTM_Zone_11N Table 3-2: Exploration Plans of Operation Centroid Location Summary Table Exploration Plan of Operations Name Easting Northing Projection Datum Antler Peak 488987.57 4492742.69 UTM NAD83 Zone 11N Argenta 526127.18 4492177.71 UTM NAD83 Zone 11N Battle Mountain Complex 492826.59 4493704.44 UTM NAD83 Zone 11N Buck Exploration 544587.92 4449269.76 UTM NAD83 Zone 11N Chevas 558531.89 4533230.12 UTM NAD83 Zone 11N Chimney North 486989.45 4576155.67 UTM NAD83 Zone 11N Copper Basin Exploration 497840.03 4495522.89 UTM NAD83 Zone 11N Copper Basin Reclamation 497201.63 4494566.83 UTM NAD83 Zone 11N

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-3 Exploration Plan of Operations Name Easting Northing Projection Datum Dee Exploration 546566.16 4542071.93 UTM NAD83 Zone 11N Emigrant 586738.41 4495893.28 UTM NAD83 Zone 11N Fallen City 508620.02 4462243.74 UTM NAD83 Zone 11N Four Corners 477717.95 4511739.95 UTM NAD83 Zone 11N Gexa 506447.92 4458624.38 UTM NAD83 Zone 11N Goat Anticline 512844.37 4462126.44 UTM NAD83 Zone 11N Gold Acres Exploration 522816.88 4459779.99 UTM NAD83 Zone 11N HCCUEP 533672.18 4445252.04 UTM NAD83 Zone 11N High Desert 558653.73 4530647.69 UTM NAD83 Zone 11N Hilltop 517821.85 4473033.14 UTM NAD83 Zone 11N Horse Mountain 502353.89 4457555.85 UTM NAD83 Zone 11N LC Private 709994.00 4538010.15 UTM NAD83 Zone 11N LC Public 706783.96 4538006.63 UTM NAD83 Zone 11N Mike 563121.07 4516710.89 UTM NAD83 Zone 11N Mill Canyon 536820.78 4450485.91 UTM NAD83 Zone 11N New Buck Exploration 543215.83 4449433.28 UTM NAD83 Zone 11N Pearl 557737.39 4536333.06 UTM NAD83 Zone 11N Ren 551402.21 4542097.46 UTM NAD83 Zone 11N Richmond 553756.71 4522695.02 UTM NAD83 Zone 11N Rodeo Creek Exploration 546470.15 4545423.48 UTM NAD83 Zone 11N Tara 548105.60 4538989.50 UTM NAD83 Zone 11N Turquoise Ridge Exploration 480678.45 4563927.96 UTM NAD83 Zone 11N West Pequop Exploration 702347.91 4536699.84 UTM NAD83 Zone 11N West Pine Valley 547867.04 4441080.33 UTM NAD83 Zone 11N Woodruff Creek 579980.55 4497987.35 UTM NAD83 Zone 11N 3.2.2 Surface Rights About 85% of the land in Nevada is controlled by the Federal Government; most of this land is administered by the US Bureau of Land Management (BLM), the US Forest Service (USFS), the US Department of Energy, or the US Department of Defense. Much of the land controlled by the BLM and the USFS is open to prospecting and claim location. The distribution of public lands in Nevada is shown on the BLM “Land Status Map of Nevada” (1990) at scales of 1:500,000 and 1:1,000,000.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-4 Bureau of Land Management regulations regarding surface disturbance and reclamation require that a notice be submitted to the appropriate BLM Field Office for exploration activities in which five acres or fewer are proposed for disturbance (43 CFR 3809.1-1 through 3809.1-4). A Plan of Operations (PoO) is needed for all mining and processing activities, plus all activities exceeding five acres of proposed disturbance. A PoO is also needed for any bulk sampling in which 1,000 or more tons of presumed mineralized material are proposed for removal (43 CFR 3802.1 through 3802.6, 3809.1-4, 3809.1-5). The BLM also requires the posting of bonds for reclamation for any surface disturbance caused by more than casual use (43 CFR 3809.500 through 3809.560). The USFS has regulations regarding land disturbance in forest lands (36 CFR Subpart A). Both agencies also have regulations pertaining to land disturbance in proposed wilderness areas. 3.2.3 Water Rights In the State of Nevada, “the water of all sources of water supply within the boundaries of the State whether above or beneath the surface of the ground, belongs to the public” (NRS 533.025). Furthermore, “except as otherwise provided in NRS 533.027 and 534.065, any person who wishes to appropriate any of the public waters, or to change the place of diversion, manner of use or place of use of water already appropriated, shall, before performing any work in connection with such appropriation, change in place of diversion or change in manner or place of use, apply to the State Engineer for a permit to do so” (NRS 533.325). 3.2.4 Government Mining Taxes, Levies or Royalties The state of Nevada imposes a 5% net proceeds tax on the value of all minerals severed in the State. This tax is calculated and paid based on a prescribed net income formula. A Nevada Education funding tax, AB 495, was passed in July 2021, and is based on gold and silver gross revenue and is calculated as follows: • First $20 M of gross revenue: exempt; • >$20 M to $150 M of gross revenue: taxed at a flat rate of 0.75%; • >$150 M of gross revenue: taxes at a flat rate of 1.1%. 3.3 Ownership NGM is a JV between Barrick and Newmont. Barrick is the JV operator and has a 61.5% interest, with Newmont owning the remaining 38.5% interest. The JV area of interest (AOI) covers a significant portion of northern Nevada. Operations plans of operation are shown on Figure 3-1, and exploration Plans of Operation on Figure 3-2. Barrick operates the JV.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-5 Figure 3-1: NGM Area of Interest, Operations Plans of Operation

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-6 Figure 3-2: NGM Area of Interest, Exploration Plans of Operation

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-7 3.4 Joint Ventures On 11 March, 2019, Barrick and Newmont announced the formation of the NGM JV. Newmont, Barrick, and their respective affiliates that held properties in the AOI contributed to NGM the respective rights, titles and interests in, to, or under, all properties located in the AOI and any other assets, properties or rights located in Nevada. Barrick has the right to appoint three NGM Board members; Newmont can appoint two. Newmont and Barrick each have a right of first refusal over any proposed transfer by the other JV participant of its membership interest in NGM, other than transfers to a wholly-owned subsidiary of the transferring JV participant. The JV agreement requires that Newmont and Barrick purchase 100% of the refined doré that NGM produces on a pro rata basis, according to the individual company’s JV interest. Newmont and Barrick excluded certain development and exploration properties that the companies held within the AOI from the JV; these included Newmont’s Fiberline and Mike projects, and Barrick’s Fourmile project. The JV has a mechanism for the potential contribution of the excluded properties to NGM in the future. 3.5 Agreements A number of agreements exist with federal, state, and third-party entities and these are monitored using a land management database. The data managed includes contractual obligations, leases, associated payments, parties to agreements, and locations and details of the properties that the agreements cover. All mining leases and subleases are managed and reviewed on a monthly basis and all payments and commitments are paid as required by the specific agreements. The database covers both monetary obligations such as lease payments and non-monetary obligations such as third-party required reporting, work commitments, taxes, and contract expiry dates. The agreements that NGM has with third parties within the PoOs are monitored using this database. Across the AOI, there are currently 276 agreements that have been concluded, and 218 easements that are in place. 3.6 Mineral Title The Nevada Operations currently includes 20 operations PoOs and 33 exploration PoOs. The area includes private land (surface and minerals) owned or controlled by NGM, and land owned by the federal government that is administered by the BLM. NGM provided a claims list, fee property list, and location plans for the PoOs. The areas in the claims tables that follow reflect the staked claim area; the areas have not been modified for claim overlaps. In some instances, where the same claims are reported within two or more PoOs; the claims are included in the claims list for the individual PoO for completeness, but have been removed for area and claim number totaling purposes. Within the operations PoO areas are the claims summarized in Table 3-3, 10,614 lode, millsite, placer and patented claims covering an area of 175,213.97 acres. Within the exploration PoO areas are the claims summarized in Table 3-4, which collectively total 9,257 lode, millsite, placer and patented claims covering an area of 182,880.78 acres.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-8 Table 3-3: Claims Summary Table, Operations Plans of Operation PoO Name Lode Millsite Placer Patented Total Claims Acres Claims Acres Claims Acres Claims Acres Claims Acres South Arturo 236 4,539.37 98 453.68 — — — — 334 4,993.05 Bootstrap 114 2,236.91 — — — — 13 253.44 127 2,490.35 Carlin 102 1,942.90 — — — — 30 601.31 132 2,544.21 Cortez 2,827 55,585.90 707 3,275.76 2 320.00 145 1,024.24 3,681 60,205.89 Genesis– Bluestar 203 3,855.66 3 12.93 — — — — 206 3,868.59 Gold Quarry 309 6,346.02 225 1,111.83 — — 197 1,370.53 731 8,828.38 Goldrush 1,047 20,856.07 380 1,875.01 — — 16 306.22 1,443 23,037.29 Goldstrike 244 4,568.66 82 403.46 — — 221 1,839.47 547 6,811.58 Leeville 44 892.05 — — — — — — 44 892.05 Long Canyon 758 14,974.27 — — — — — — 758 14,974.27 Greater Phoenix 544 11,034.60 61 305.00 25 3,176.26 226 2,417.59 856 16,933.45 Rain– Emigrant 138 2,788.74 — — — — — — 138 2,788.74 Robertson 450 8,033.02 — — — — 9 168.87 459 8,201.89 Turquoise Ridge Complex 803 16,206.09 40 195.01 — — 315 2,243.13 1,158 18,644.22 Sub-total Operations 7,819 153,860.26 1,596 7,632.68 27 3,176.26 1172 9,971.36 10,614 175,213.97 Claims reported in 1,068 20,939.72 39 192.88 — — 18 348.00 1,125 21,480.60

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-9 PoO Name Lode Millsite Placer Patented Total Claims Acres Claims Acres Claims Acres Claims Acres Claims Acres multiple PoOs Total Operations 6,751 132,920.54 1,557 7,439.80 27 3,176.26 1,154 9,623.36 9,489 153,733.37 Table 3-4: Claims Summary Table, Exploration Plans of Operation PoO Name Lode Millsite Placer Patented Total Claims Acres Claims Acres Claims Acres Claims Acres Claims Acres Argenta 297 6,118.39 — — — — — — 297 6,118.39 Battle Mountain Complex 549 11,292.07 11 55.00 4 360.00 41 640.99 605 12,348.06 Buck Exploration 385 7,695.47 20 100.00 1 40.00 — — 406 7,835.47 Chevas 108 2,231.28 — — — — — — 108 2,231.28 Chimney North 1198 24,690.17 — — — — — — 1,198 24,690.17 Copper Basin Exploration 229 4,706.4 — — 13 259.84 — — 242 4,966.24 Dee Exploration 170 3,214.78 17 84.90 — — 1 19.94 188 3,319.62 Emigrant 44 908.8 — — — — — — 44 908.80 Fallen City 155 3,191.97 — — — — — — 155 3,191.97 Copper Basin Reclamation — — — — — — 37 621.29 37 621.29 Gexa 106 1,960.65 — — — — — — 106 1,960.65 Goat Anticline 70 1,446.2 — — — — — — 70 1,446.20 Gold Acres 325 6,165.61 — — — — — — 325 6,165.61 High Desert 118 2,384.27 — — — — 4 62.48 122 2,446.75 Hilltop 189 3,636.83 — — 25 510.88 18 315.01 232 4,462.72 HCCUEP 256 4,968.95 18 87.50 — — 37 645.88 311 5,702.33

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-10 PoO Name Lode Millsite Placer Patented Total Claims Acres Claims Acres Claims Acres Claims Acres Claims Acres Horse Mountain 137 2,749.4 — — — — — — 137 2,749.40 LC Public Exploration 379 7,628.37 — — — — — — 379 7,628.37 Mill Canyon 503 9,441.73 — — — — 17 330.56 520 9,772.29 Ren 92 1,618.78 — — — — — — 92 1,618.78 Richmond 68 1,404.87 — — — — — — 68 1,404.87 Rodeo Creek Exploration 32 593.61 — — — — — — 32 593.61 Turquoise Ridge Exploration 1,083 21,136.85 34 164.57 — — 1 20.63 1,118 21,322.05 West Pequop Exploration 702 14,350.08 — — — — — — 702 14,350.08 West Pine Valley 1,558 30,861.29 — — — — — — 1,558 30,861.29 Woodruff Creek 205 4,164.49 — — — — — — 205 4,164.49 Sub-total Exploration 8,958 178,561.3 100 491.97 43 1,170.72 156 2,656.78 9,257 182,880.78 Claims reported in multiple exploration PoOs 1,006 19,788.31 39 192.88 1 20.00 19 348.00 262 20,349.19 Exploration Total 7,952 158,773 61 299.09 42 1,150.72 137 2,308.78 8,995 162,531.59

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-11 Between the operations and the exploration PoOs, NGM holds a total of 19,871 claims covering an area of 358,094.75 acres (Table 3-5). Figure 3-3 to Figure 3-7 show the locations of the major PoOs that host the mineral reserves. In addition, NGM holds a number of fee properties, within the operations and exploration PoOs (Table 3-6 and Table 3-7). Collectively, these cover an area of 105,567.30 acres. Patented ground or claims are surveyed by a certified mineral surveyor, and appropriate monuments are placed in the ground. Each unpatented claim is marked on the ground and does not require a mineral survey. Unpatented mining and mill site claims that are located on public lands are held subject to the paramount title of the federal government. The claims are maintained on an annual basis, and do not expire as long as the maintenance fee payments are timely filed with the BLM. Patented and fee lands require annual payment of tax assessments to the relevant Nevada county. 3.7 Surface Rights NGM holds all necessary surface rights for the current mining operations. Additional surface rights may be required, if future mining projects extend outside current permit boundaries. 3.8 Water Rights NGM currently maintains a combination of approximately 1,350 active surface and groundwater rights within 38 hydrographic basins. Permitted manners of use include stockwater, mining and milling, storage, irrigation, environmental, quasi-municipal, commercial, industrial, wildlife, domestic, construction, and dewatering. These water rights are required by NRS 533 for all water management activities at NGM’s various mining and ranching operations. NGM holds all necessary water rights for the LOM plan envisaged in this Report. 3.9 Royalties 3.9.1 Claims Royalties There are numerous royalties that pertain to the active mines within the Nevada Operations. Royalty payments vary, as the payments depend upon actual tonnages mined, the amount of gold recovered from that mined material, the deposit being mined, the receiving entity, and the type of royalty. A number of the claims have inactive royalties attached, which are not currently triggered as the claims are not being mined. The major royalties for each deposit are summarized in Table 3-8. Royalties listed can pertain to single claim, or to a group of claims, and therefore can apply to only a portion of a deposit, or to the overall deposit area.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-12 Table 3-5: Claims Totals PoOs Lode Millsite Placer Patented Total Claims Acres Claims Acres Claims Acres Claims Acres Claims Acres Total operations 7,819 153,860.26 1,596 7,632.68 27 3,176.26 1,172 9,971.36 10,614 175,213.97 Total exploration 8,958 178,561.30 100 491.97 43 1,170.72 156 2,656.78 9,257 182,880.78 Grand Total 16,777 332,421.56 1,696 8,124.65 69 4,346.98 1,328 12,628.14 19,871 358,094.75 Table 3-6: Operations Fee Property Totals Plan of Operations Name Acreage South Arturo 37.38 Bootstrap 634.56 Carlin 3,347.21 Copper Basin 795.04 Cortez 2,698.73 Emigrant 1,995.93 Genesis-Bluestar 2,906.55 Gold Quarry 9,261.99 Goldrush 518.48 Goldstrike 6,520.23 Greater Phoenix 6,821.83 Hilltop 3,956.93 Leeville 137.59 Long Canyon 11,925.09 Meikle 267.73

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-13 Plan of Operations Name Acreage North Area Leach 1,705.38 Rain 1,450.84 Robertson 0.00 Turquoise Ridge 2,974.75 Twin Creeks 7,608.49 Total Acreage 65,564.73 Table 3-7: Exploration Fee Property Totals Exploration Plan Name Acreage Antler Peak 3,399.06 Argenta 7,382.97 Battle Mountain Complex 70.01 Buck Exploration 3.03 Chevas 1,036.76 Chimney North 0.00 Copper Basin Exploration 0.00 Copper Basin Reclamation 3,070.01 Dee Exploration 21.31 Emigrant 1,080.62 Fallen City 907.02 Four Corners 1,301.03 Gexa 809.21 Goat Anticline 571.03 Gold Acres Exploration 0.00

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-14 Exploration Plan Name Acreage HCCUEP PoO 0.00 High Desert 0.00 Hilltop 3,956.93 Horse Mountain 0.00 LC Private 6,041.30 LC Public 0.00 Mike 242.99 Mill Canyon 26.75 New Buck Exploration 525.76 Pearl 1,993.28 Ren 0.00 Richmond 1,989.92 Rodeo Creek Exploration 0.00 Tara 355.68 Turquoise Ridge Exploration 14,310.67 West Pequop Exploration 32.27 West Pine Valley PoO 262.95 Woodruff Creek 2,922.22 Total Acreage 52,312.78

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-15 Figure 3-3: Carlin Complex Plans of Operation

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-16 Figure 3-4: Cortez Complex Plans of Operation

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-17 Figure 3-5: Long Canyon Complex Plan of Operations

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-18 Figure 3-6: Phoenix Complex Plan of Operation

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-19 Figure 3-7: Turquoise Ridge Complex Plans of Operation

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-20 Table 3-8: Royalties Deposit Royalty South Arturo Franco-Nevada U.S. Corp., South Arturo, 4–9% variable GSR Cortez Ward: Cortez, 5% NRR Prochnau: Cortez, 2% NRR Royal Gold: Cortez, 0.71250075% + sliding scale 0.4–5% GSR; 3.75% NVR; 0.7125075% and a sliding scale 0.72–9% GSR RG Royalties LLC: Cortez, 0–3% sliding scale royalty based on gold price on 40% of production Idaho Royalty Holders: Cortez, 1.28595% ORR, 0.78749925% GR Denver Mining Finance Company: Cortez, 3.75% GR Royal Crescent Valley: Cortez, 0.8545875% NVR; 1.25% NVR Kelly and Moloney: Cortez, $0.5–$0.65/ton sliding scale (based on ore type and price) Duerr & Prochnau: Cortez, 2% NSR McCoy: Cortez, 4% NSR on hard rock and 1/6 production on coal, oil and gas; geothermal production royalty Filippini: Cortez, 5% NSR on hard rock and 1/6 production on coal, oil and gas; geothermal production royalty Robertson: Cortez, 4% NSR on hard rock and 1/6 production on coal, oil and gas; geothermal production royalty Genesis–Bluestar RG Royalties LLC: Genesis–Bluestar, 2% NVR Franco-Nevada U.S. Corp.: Genesis–Bluestar, 6% NPI; 5% NPI; 4% NSR Bullion Monarch Mining Inc.(EMX): Genesis–Bluestar, 1% NSR Goldstrike Franco-Nevada U.S. Corp.: Goldstrike, 2–4% NSR; 2.4–6% NPI Royal Gold Inc.: Goldstrike, 1% NSR Rhoads: Goldstrike, 5% NSR (net 2.5%) Kennecott Nevada Company: Goldstrike, 5% NSR White: Goldstrike, 9% NPI Bilbao, Alcor Inc., Alloyed Associates, Inc: Goldstrike, 5% NSR Gold Quarry Various: Gold Quarry, 8% NSR and 62.7% of 8% NSR mill and 68.7% of 8% NSR leach Tomera: Gold Quarry, 50% of 8% NSR Jones: Gold Quarry, 50% of 8% NSR Pacini: Gold Quarry, 1% NSR Ash Danko Hanna & Co: Gold Quarry, 22.5% of 18% NSR Roy Ash: Gold Quarry, 22.5% of 18% NSR Franco-Nevada U.S. Corp.: Gold Quarry, 40.5% of 18% NSR Gold Quarry Royalty Trust: Gold Quarry, 4.5% of 18% NSR Goldrush Idaho Royalty Holders: 1.28595% ORR Keleher and McLeod et al: 2–5 at 8.33% variable NSR based on gold price Teck American Incorporated: 10% NPR from production Englebright: 2% NPR

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-21 Deposit Royalty Genesis Gold: 3% NRR Steiner: 0.2083% - 0.4167% variable production royalty based on gold price Royal Gold: 1% Net Reserves Damele: 3% NSR Royal Gold: 15% NPI Idaho Resources Corporation: 0.75% GVR Teck Resources, Inc.: 3% NSR Leeville RG Royalties LLC: Carlin, Leeville 2% NVR Bullion Monarch Mining Inc. (EMX): Leeville, 1% GSR Quest U.S.A. Resources, Inc., et al: Leeville, 1% NSR (unpatented); 0.775% NSR (patented) Long Canyon Pittston Mineral Ventures International, Ltd: Long Canyon, 3% NSR Mobil Exploration: Long Canyon, 0.15625% NSR Phoenix Flowery Gold Mines Company: Phoenix, 3% NVR capped at $50,000 Rain–Emigrant Franco-Nevada: Emigrant/Rain, 1.5% NSR Franco-Nevada/Boyack/Montrose: Rain/Emigrant 2.5% NSR Boyack: Rain, 1% NSR Tomera: Rain, 3% GPR Jay Valcarce: Emigrant net 0.625% NSR Tomera Stonehouse 50% and Tomera Clan 50%: Emigrant, net 2.5% NSR Ren VEK: Ren, 3–5% NSR based on PPI Wallace: Ren, 3.5% NPR Weiss: Ren, 4% GPR Robertson Idaho Royalty Holders: 1.28595% ORR Billie Filippini: 3% GR Northern Nevada Au, Inc.: 4% GR Turquoise Ridge Complex RG Royalties LLC: 2% based on production UMETCO Minerals: 2% NSR Note: Royalties listed can pertain to single claim, to a group of claims, and therefore can apply to only a portion of a deposit, or to the overall deposit area. GSR = Gross Smelter Royalty; NRR = Net Revenue Royalty; NPR = Net Profit Royalty; NSR = Net Smelter Royalty; NVR = Net Value Royalty; NPI = Net Profit Interest; GPR = Gross Proceeds Royalty; NPR = Net Proceeds Royalty; GR = Gross Royalty; ORR = Over Riding Royalty; PPI = Producer Price Index; GVR = Gross Value Royalty.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 3-22 3.9.2 NGM Royalty In connection with the formation of Nevada Gold Mines, each of Barrick and Newmont was granted a 1.5% net smelter returns royalty over the respective properties they contributed to the NGM JV. For the properties contributed by Barrick, the 1.5% net smelter returns royalty is payable on all gold produced from these properties after 47,301,000 ounces of gold have been produced from the properties from and after July 1, 2019. For the properties contributed by Newmont, the 1.5% net smelter returns royalty is payable on all gold produced from these properties after 36,220,000 ounces of gold have been produced from the properties from and after July 1, 2019, and (ii) a separate and independent net smelter returns royalty on all copper produced from the Properties after 1,520,000,000 pounds of copper have been produced from these Properties from and after the July 1, 2019. Each of these “retained royalties” is only payable once the aggregate production from the properties subject to the royalty exceeds the publicly-reported Mineral Resources and Mineral Reserves as of December 31, 2018. 3.9.3 Nevada State Royalty The State of Nevada levies royalties and taxes as outlined in Chapter 3.2.4. 3.10 Encumbrances Permitting and permitting conditions are discussed in Chapter 17.9 of this Report. The operations as envisaged in the LOM plan are either fully permitted, or the processes to obtain permits are well understood and similar permits have been granted to the operations in the past, such as tailings storage facility (TSF) raises. 3.11 Violations and Fines NGM advised the QP that as at December 31, 2024, no material violations or fines were imposed during 2024 by any regulatory authority that would affect the planned LOM for the Nevada Operations as presented in this Report. 3.12 Significant Factors and Risks That May Affect Access, Title or Work Programs To the extent known to the QP, there are no other known significant factors and risks that may affect access, title, or the right or ability to perform work on the properties that comprise the Nevada Operations that are not discussed in this Report.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 4-1 4.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY 4.1 Physiography The Nevada Operations are within the Great Basin, a part of the Basin and Range geologic province, which is dominated by north–south-trending mountain ranges, flanked by flat, arid valleys that may host playa lakes. Operations are located between elevations of about 4,400–6,800 ft above mean sea level. Vegetation is typically sparse, and can include shrubs such as sagebrush, rabbitbrush, and a variety of grasses. Juniper trees, pinion pine, and mountain mahogany can be found at higher elevations. The most common current land use is for livestock grazing. 4.2 Accessibility The Nevada Operations are bisected by Interstate 80 (I-80), which provides access to most of the Project area (refer to Figure 2-1). Access for the Carlin Complex is generally from Elko 26 miles west on I-80 to Carlin which is the closest town to the mine sites. In addition, various alternate access routes use Nevada State Route 766, and Elko and Eureka County roads. These roads are well maintained, and most are paved. The Cortez Complex is reached by travelling approximately 32 miles east from the town of Battle Mountain on the I-80. Alternative access is from Elko, Nevada, approximately 45 miles west to the Beowawe exit, then approximately 35 miles south on Nevada State Route 306, which extends southward from I-80. The Long Canyon Complex is accessed from either the I-80 east-bound route through Wells or I- 80 west-bound through Wendover, with the main entrance just off the Oasis/Montello interchange. The mine area is within one mile of the freeway with the pit area about four miles west. The Phoenix Complex is accessed from I-80 at Battle Mountain, traveling approximately 12 miles south on the paved Nevada State Route 305, and then west a short distance on a paved/gravel county access road. The Turquoise Ridge Complex is accessed from a turnoff at the settlement of Golconda, 25 miles east of Winnemucca, then following a paved road for a further 25 miles, and thereafter by an improved gravel road to the mine gates. It is then 10 miles to the west mine gate and 25 miles to the east mine gate. The AOI is crossed by a network of gravel roads, providing easy access to various portions of the mining complexes and exploration areas. The majority of the roads are suitable for all-weather conditions; however, in extreme winter conditions, roads may be closed for snow removal.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 4-2 The Union Pacific Rail line runs parallel to I-80. NGM operates the Dunphy Rail Terminal, which is located 27 miles west of Carlin, for the transportation of bulk commodities such as lubricants, fuel, and ball mill consumables. These bulk commodities are road-transported from the Dunphy Rail Terminal to each site using commercial trucking services. Elko is serviced by commercial flights to Salt Lake City, Utah. 4.3 Climate The Nevada Operations are located in the high desert region of the Basin and Range physiographic province. There are warm summers and generally mild winters; however, overnight freezing conditions are common during winter. Precipitation averages six inches per year, primarily derived from snow and summer thunderstorms. Typically, the months with the greatest precipitation are March, May and November. During the winter months at elevations above about 5,500 ft above sea level, precipitation generally occurs as snow. Evaporation is estimated at 42–44 inches per year. Operations are conducted year-round. 4.4 Infrastructure The Nevada Operations are located in a major mining region and local resources including labor, water, power, natural gas, and local infrastructure for transportation of supplies are well established. Mining has been an active industry in northern Nevada for more than 150 years. Elko (pop. 20,600) is a local hub for mining operations in northern Nevada and services necessary for mining operations are readily available. There are adequate schools, medical services and businesses to support the work force. A skilled and semi-skilled mining workforce has been established in the region as a result of on-going mining activities. Workers live in the surrounding communities. The Nevada Operations currently have all infrastructure in place to support mining and processing activities (see also discussions in Chapter 13, Chapter 14, and Chapter 15 of this Report). These Report chapters also discuss water sources, electricity, personnel, and supplies.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 5-1 5.0 HISTORY A summary of the exploration and development history of the Nevada Operations from 1959 onwards is provided in Table 5-1. Historical mining and exploration activity in the period from 1860–1950 included small underground and surface mines exploiting gold, copper, lead, antimony, barite and turquoise. Modern exploration activity by Newmont and Barrick and their predecessor companies, commenced in the late 1950s.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 5-2 Table 5-1: Exploration and Development History Summary Table, Carlin Complex Year Operator Comment 1959 American Exploration & Mining Co. (AMEX) Wholly-owned US subsidiary of Placer Development Ltd. (subsequently Placer Dome Inc. (Placer Dome) Lease-option agreement on the properties of the Cortez Metals Co. Explored mine workings and surrounding area. American Smelting and Refining Company (Asarco) Purchased claims in Copper Canyon area from US Government 1961 Newmont Evaluated Bluestar mine and Maggie Creek claims 1962 Atlas Minerals (Atlas) Discovered low-grade gold mineralization in Goldstrike area 1962– 1964 Duval Corporation (Duval) Joint ventured Copper Canyon land package from Asarco; property transferred outright in 1964 Newmont Explored jasperoid outcrops located 4.5 km southeast of Bluestar, subsequently delineating the Carlin deposit 1963 AMEX Joint venture with Idaho Mining Corp 1964 AMEX Formed the Cortez Joint Venture (Cortez JV) with the added participation of the Bunker Hill Co., Vernon F. Taylor, Jr., and Webb Resources Inc. 1965 Newmont Commenced mining operations at Carlin 1966 USGS Noted anomalous gold in altered outcrops at the base of the Cortez Range Cortez JV Discovered Cortez deposit 1966– 1978 Duval Commenced copper and gold mining at Copper Canyon feeding a heap leach and mill. Converted mill to gold only in 1976. 1969 Cortez JV Exploration drilling in Gold Acres area Construction of Cortez Mill No. 1 1972 Newmont Acquired Bluestar and Bootstrap deposits 1974 Nevada Syndicate Outlined shallow mineralization in the Long Lac and Winston areas 1975– 1977 Polar Resources (Polar)/Pancana Minerals Ltd (Pancana) Delineated the Number 9 deposit and several low-grade zones within the Goldstrike intrusion to the east of Nevada Syndicate property. From 1975 to 1977, Polar and Pancana operated a small open pit and heap leach 1976 Cortez JV Discovered Horse Canyon deposit 1977 Newmont Northstar deposit discovered. Mill 1 in operation 1978 Western States Minerals Corporation (Western States) Entered into a JV with Pancana. Open pit mining operations continued, with the bulk of the production from oxidized zones, chiefly from the Long Lac, Bazza, and West Bazza deposits, plus some production from deposits within the Goldstrike intrusion Duval Commenced mining of Tomboy and Minnie deposits 1980 Newmont Emigrant and Gold Quarry deposits discovered Early 1980s Duval Discovered Northeast Extension (NEX), Upper Fortitude, and Lower Fortitude deposits

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 5-3 Year Operator Comment 1982 Western States Post deposit discovered 1984 First Mississippi Corporation/FRM Minerals Inc. Purchases Getchell property. Gold Fields Mining Corporation (Gold Fields) Discovers Chimney Creek gold deposit. 1985 Newmont Commissions Mill 2 at Gold Quarry Duval Battle Mountain created to hold assets in Copper Canyon area 1986 Western States Deep Post deposit discovered First Mississippi Corporation/FRM Minerals Inc. Heap leaching of historic Getchell dumps, drill programs to identify additional mineralization in historic workings. Completed feasibility study on Getchell deposit. 1986– 1987 American Barrick Resources Corporation (American Barrick) Acquired Western States, and acquired Pancana’s interests in the Goldstrike area 1987 ECM, Inc. (ECM) Overstaked Cortez JV placer claims with lode claims in Pipeline South area; leased claims to Royal Gold Inc. (Royal Gold) Royal Gold/Cortez JV Formed the Royal/Cortez Joint Venture to resolve claim conflict Gold Fields Commences gold production from Chimney Creek. Santa Fe Discovers Rabbit Creek gold deposit. 1987– 1988 American Barrick Betze, Screamer, Deep Star, Rodeo, Meikle (previously named Purple Vein), South Meikle, and Griffin deposits/zones discovered 1987– 1995 First Miss Gold Inc. (First Miss) Subsidiary of First Mississippi Corporation created to conduct mining operations at Getchell. Open pit mining began in 1989. Getchell Main underground deposit identified in 1993, with production beginning in 1995. Turquoise Ridge Underground deposit discovered in 1993. 1987– 1989 Royal Gold Conducted geophysical surveys and drilling programs, identifying low-grade gold mineralization 1988 Newmont Commissioned Mill 3 at Rain and Mill 5 (now referred to as the Gold Quarry concentrator) at Gold Quarry 1989 Newmont Commissioned Mill 4 in the North Area Santa Fe Commences gold production from Rabbit Creek. 1990 American Barrick Autoclave operations begin at Goldstrike Royal Gold Addition of roasting circuit to Cortez Mill No. 1 1991 Cortez JV Royal/Cortez Joint Venture terminated. Cortez JV leased Pipeline South area directly from ECM Discovered Pipeline and Gap deposits Hanson Natural Resources Company (Hanson) Acquires Gold Fields.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 5-4 Year Operator Comment 1993 Santa Fe Acquires Chimney Creek operations following an asset exchange with Hanson. Consolidates Rabbit Creek and Chimney Creek into the Twin Creeks operations 1994 Newmont Commissioned Mill 6 (now Gold Quarry) roaster at Gold Quarry 1994– 1999 Pittston Nevada Gold Corporation (Pittston) Geochemical sampling and RC drilling on west side of Pequop Mountains identified gold anomalies in the Long Canyon area. 1996 Cortez JV Construction of Cortez Mill No. 2 Used geochemical and geophysical surveys to guide deep reverse circulation (RC) drilling, initially focusing on an area immediately west of the Cortez Fault 1996– 1998 Getchell Gold Corporation (Getchell Gold) First Miss changes name to Getchell Gold. Construction started on Turquoise Ridge Underground mine. 1997 Newmont Acquires Santa Fe. Open pit portion of the Rabbit Creek deposit renamed to the Mega pit. Open pit portion of the Chimney Creek deposit renamed to the Vista pit. Pinon mill associated with the Mega pit, treating oxide ore. Sage and Juniper mills associated with Vista pit treating refractory and oxide ore, respectively. 1998 Placer Dome Inc. (Placer Dome) Announces merger with Getchell Gold. Suspends Turquoise Ridge Underground operations in 1999, and closes entire property in 2002. Operations restart at Turquoise Ridge Underground in 2003. Cortez JV Discovered Crossroads and Pediment deposits 1999 American Barrick/Newmont Asset exchange to rationalize the ownership and control of both the surface and subsurface estates that were jointly owned by the parties and to reduce the number of complex agreements that were needed to permit efficient operation and development of properties owned by both companies Cortez JV Cortez Mill No. 1 placed on care and maintenance 2000 American Barrick Roaster operations begin at Goldstrike 2001 Newmont Merged with Battle Mountain 2002 Cortez JV Discovered Cortez Hills deposit 2003 Placer Dome/Newmont Form the Turquoise Ridge Joint Venture, 75% Placer Dome interest, 25% Newmont interest. 2004 Cortez JV Discovered Cortez Hills Lower Zone 2005 Pittston Sold Long Canyon area land package to AuEx 2006 Barrick Acquired Placer Dome, obtained 60% interest in Cortez JV; obtained interest in Turquoise Ridge Joint Venture 2006 Newmont Commenced mining at Copper Canyon; renamed to Phoenix 2007 NewWest Gold Joint venture with AuEx. 2007– 2011 Fronteer Gold Acquired NewWest Gold. Completes major drill program 2009– 2018 Barrick Closes Getchell underground mine. Evaluation drilling of Vista underground area. North Portal developed 2011. South Portal developed 2013, after which

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 5-5 Year Operator Comment Vista underground put on care and maintenance. Mining recommenced at Vista underground in 2018. 2011 Barrick Discovered Goldrush deposit Newmont Acquired Fronteer Gold 2016 Newmont Commenced mining at Long Canyon 2019 Barrick/Newmont Established NGM JV 2021 NGM Completed updated feasibility study on the Goldrush deposit 2022 Completed mining at Long Canyon 2023 Received Record of Decision and commenced mining at the Goldrush deposit 2024 Received Record of Decision and commenced ground clearing in preparation for mining at the Robertson deposit.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-1 6.0 GEOLOGICAL SETTING, MINERALIZATION, AND DEPOSIT 6.1 Deposit Type The deposits that comprise the Nevada Operations are considered to be examples of Carlin-style sediment-hosted disseminated gold–silver deposits, and intrusion-related gold–copper–silver skarn deposits. Carlin-style deposits have multiple alternate names in the scientific literature, such as Carlin-type, Carlin-like, Carlinesque, sedimentary rock-hosted gold deposits, and distal disseminated deposits (Muntean, 2018). The deposits in Nevada are a type example of the genetic model, but analog deposits also occur in China and in the Yukon. The Carlin-style deposits within Nevada share a number of features. These include: the tectonic setting; carbonate host rocks; replacement mineralization, with structural and stratigraphic ore controls and a lack of veins; hydrothermal alteration characterized by dissolution and silicification of carbonate and argillization of silicates; mineralization paragenesis characterized by gold-bearing arsenian pyrite that was formed by sulfidation during replacement, followed by late orpiment, realgar, and stibnite; a geochemical signature in both the ore and ore-stage pyrite that is low in silver (Ag/Au <1) and base metals; temperatures and depths of formation; and lack of clear relationship with upper crustal intrusions. Intrusion-related gold–copper–silver skarn deposits include sedimentary carbonates, calcareous clastic rocks, siliciclastic, volcaniclastic rocks or (rarely) volcanic flows. They are commonly related to high to intermediate-level stocks, sills, and dykes of gabbro, diorite, quartz diorite, or granodiorite composition. Mineralization frequently displays strong stratigraphic and structural controls. Deposits can form along sill–dike intersections, sill–fault contacts, bedding–fault intersections, fold axes, and permeable faults or tension zones. Pyroxene-rich gold skarns typically contain a sulfide mineral assemblage comprising native gold ± pyrrhotite ± arsenopyrite ± chalcopyrite ± tellurides ± bismuthinite ± cobaltite ± native bismuth ± pyrite ± sphalerite ± maldonite. Garnet-rich gold skarns can contain native gold ± chalcopyrite ± pyrite ± arsenopyrite ± sphalerite ± magnetite ± hematite ± pyrrhotite ± galena ± tellurides ± bismuthinite. In the Nevada Operations area, gold-rich skarn deposits are the dominant style, characterized by copper-poor hypogene minerals, high gold:copper ratios, and a relatively reduced ore mineral assemblage (pyrrhotite–arsenopyrite–bismuthinite). Mineralization is best developed within retrograde altered exoskarns (altered wallrocks). Associated quartz veins may host gold mineralization. 6.2 Regional Geology Northern Nevada has a complex tectonic history, comprising repeated accretion–subduction and rifting events. The sequence of orogeny and tectonism, summarized from oldest to youngest (Stewart (1980) and Jory (2002)) is provided in Table 6-1. A summary map showing the key regional features is included as Figure 6-1.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-2 Table 6-1: Regional Geology Age Comment Miocene 14–20 Ma basin-and-range extension occurred with north–south faulting, deposition of volcaniclastic and sedimentary rocks in basins, and exposure of lower Paleozoic rocks. Eocene Extension and magmatism. Emplacement during the Tertiary of felsic to intermediate dikes and associated small epizonal intrusions; some associated volcanism. Late Jurassic Late/post-Elko Orogeny plutonism, stocks/dikes emplaced, and contact metamorphism. Mesozoic Late Paleozoic tectonism during Early to Middle Pennsylvanian time (Humboldt Orogeny) followed by deposition of shelf carbonate sequences during the Middle Mississippian to Early Pennsylvanian. A third period of resumed uplift and folding, possibly related to the Early Triassic Sonoma Orogeny, was followed by the Early Cretaceous Sevier Orogeny, a period of eastward- directed folding and thrusting. These uplifts were accommodated by the development of north–northwest-striking faults and associated north–northwest-trending upright folds. Late Devonian to Early Mississippian Compressional tectonism associated with the Late Devonian to Middle Mississippian Antler Orogeny resulted in regional-scale folding and east-directed imbricate thrusting of the westernmost siliciclastic package over the eastern carbonate package along the Roberts Mountains Thrust. The accreted mass formed the Antler highlands. Erosion of the highlands during the Middle Mississippian to Early Pennsylvanian shed an easterly-directed overlap assemblage of clastic rocks. Lower Paleozoic From the Cambrian to Late Devonian, the northern portion of Nevada was situated along a stable paleo-continental margin. A westward-thickening, prism-shaped sedimentary package was deposited from the outer margins of the paleo-continental shelf into an adjacent oceanic basin. The western sedimentary package predominantly consisted of siliciclastic rocks whereas the eastern portion of the sedimentary package consisted primarily of silty carbonate rocks.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-3 Figure 6-1: Regional Geology Plan Note: Figure provided by NGM, 2025. Black outline is the outline of the AOI.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-4 Figure 6-2: Legend Key to Accompany Figure 6-1 Note: Figure provided by NGM, 2025. Rifting related to the breakup of the continent of Rodinia subsided in the early Cambrian. From the Cambrian to Early Mississippian, a westward-thickening, prism-shaped sedimentary package was deposited from the outer margins of the continental shelf into an adjacent oceanic basin in northern Nevada. The western sedimentary package comprises predominantly siliciclastic rocks compared to the eastern portion of the sedimentary package, where silty carbonate rocks are more common. Major gold deposits within northeastern Nevada formed along discrete linear trends that reflect lithospheric-scale structures related to Precambrian basement rifting along the craton margin. Local trends are complicated by sub-basin development along the continental margin, which disrupted the passive margin, and led to a concentration of slope-facies sequences (Christensen, 1993). Faulting or underwater avalanches deposited extensive debris flow and turbidite sub- facies within the shelf environment (Crafford and Grauch, 2002). Periods of transgression flooded sub-basins with platform carbonates followed by intermittent periods of regression oxidizing iron- bearing minerals to ferrous-iron in siliciclastic components (Cook and Corboy, 2004). Dynamic and prolonged depositional environments within the sub-basins concentrated the deposition of high-energy shelf-facies, characterized by highly permeable mixtures of siliciclastic and carbonate components, which formed favorable mineralization hosts. 6.3 Local Geology Descriptions of the local geology, structure, alteration, and mineralization of the major mining complexes are summarized in the following sub-sections. Geology maps for each of the complex areas were included with the locations of the plans of operations in Figure 3-3 to Figure 3-7. 6.3.1 Carlin Complex Gold deposits within or adjacent to the Carlin Complex are hosted by middle Paleozoic sedimentary rocks that are subdivided into three major packages, as summarized in Table 6-2. The rocks have been preserved in uplifted tectonic windows. From north to south these tectonic windows include Bootstrap, Lynn, Carlin, Maggie Creek, and Rain. All of the Carlin Complex gold deposits discovered to date occur either within, or proximal to, these tectonic windows.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-5 Table 6-2: Lithological Setting, Carlin Complex Assemblage Formation Description Notes Example Deposits Eastern Roberts Mountains Formation Silty, fossiliferous, and laminated limestones; sedimentary breccias Certain facies are recognized locally at the mine scale. Facies changes reflect a paleo-topographic high related to reef development along the Paleozoic continental margin. The Popovich Formation thins to the north in response to the Roberts Mountains high, and both the Popovich and the Roberts Mountains units show local facies transitions with the Bootstrap limestone. Fossiliferous debris flows and 3–15 cm (1–6 inch) thick calcarenite beds are common in the uppermost 120 m (400 ft) Lower 240 m (800 ft) of planar laminated silty limestone grading upward into wavy (“wispy”) laminated silty limestone with abundant bioclastic debris Carlin, Betze, West Leeville, Pete, Screamer, Deep Post, Goldbug–Post, and Mike Popovich Formation Subdivided into four units: i) wispy laminated muddy to silty limestone with abundant interbedded debris flows (“Wispy” unit); ii) thinly bedded muddy limestone (“Planar” unit): iii) thick to medium bedded muddy to micritic limestone with characteristic soft- sediment deformation features (“Soft Sediment Deformation” unit); iv) thin to medium bedded muddy limestone (Upper Mud unit) Informally named Bootstrap limestone is as much as 390 m (1,300 ft) thick at the north end of the Carlin trend. Fossiliferous debris flows occur proximal to the Bootstrap limestone Betze–Post, Genesis–Blue Star, Gold Quarry (Deep West), Meikle, Goldbug–Rodeo, Deep Star, Bootstrap-Capstone, and Dee-Storm Rodeo Creek Formation Subdivided into four units: i) lower calcareous mudstone-argillite; ii) calcareous sandstone; iii) interbedded calcareous mudstone, siltstone and argillite; iv) upper carbonaceous limestone Upper portion may be removed by Roberts Mountains thrust Flat-lying, 73–91 m (250–300 ft) thick silty to sandy facies informally named the Bazza Sands or Sandstone in the Goldstrike area Basal calcarenite thins northward, and is mostly absent north of Betze- Post area Portions of Leeville and Goldstrike underground (Upper Rodeo)

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-6 Western Vinini Formation Siltstones, mudstones, and cherts Capstone, Big Six, Crow, and Antimony Hill Slaven Formation Siltstones, mudstones, and cherts Elder Formation Siltstones, mudstones, and cherts Overlap Chainman Formation Sandstone and conglomerate Pilot Formation Mudstones Rain, Emigrant Guilmette Formation Limestones; micritic and stomatoporoid-bearing There are at least three styles and orientations of contractional structures which form a consistent regional-scale deformation sequence, summarized in Table 6-3 (Rhys et al., 2015). Post-mineral deformation is dominantly associated with the Miocene (20–14 Ma) basin-and-range extension that overprints the area of the Carlin Complex. Resultant north–south normal fault activation abuts pre-existing structures typically developing half-graben basins that focused deposition of the Carlin Formation volcaniclastic sediments. Replacement and breccia mineralization styles may be associated with decalcification and clay alteration, dissolution breccias, silicification, development of silicified or jasperoidal breccias, cataclastic breccias, and disseminated replacement in Jurassic dikes. The alteration styles can occur together, can zone outwards from faults, and can occur singly, preferentially affecting stratigraphic horizons lateral to faults. Pervasiveness and intensity of alteration varies both within and between gold deposits, depending on magnitude of the mineralizing system, nature of the host rock, and structural preparation. Mineralization within the Carlin Complex typically consists of micrometer-sized gold and sulfides disseminated in zones of siliciclastic and decarbonated calcareous rocks and commonly associated with jasperoids. Mineralization is predominantly in the form of oxides, sulfides, or sulfide minerals in carbonaceous rocks, and the ore type determines how and where it is processed. 6.3.2 Cortez Complex The principal lithologies of the Cortez Complex are summarized in Table 6-4. Most of the largest gold deposits within the Cortez Complex lie within approximately 300 ft of the Roberts Mountain Thrust at the base of the allochthonous upper plate. The stratigraphy is cut by a series of north–northwest, northwest, northeast, and north–northeast- striking high- and low-angle faults with extensive fracturing, brecciation, and folding. These faults both control and displace mineralization, with evidence for both dip-slip and oblique-slip displacements. The alteration styles within the Cortez Complex deposits is similar to that described for the Carlin Complex.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-7 Table 6-3: Deformation Sequence, Carlin Complex Area Age Deformation Note Eocene Phase IV High displacement oblique-normal faults commonly activated along the steep limbs of deposit-scale Phase II recumbent folds. Cretaceous Phase III Northeast- to northwest-trending upright open folds. Refolds Phase I and Phase II folds. Jurassic Phase II (Elko Orogeny) Low-angle thrust faults propagated east-verging, inclined to recumbent folds that trend primarily north–south, but can also locally be northwest to west verging. Late Devonian to Mississippian Phase 1 (Antler Orogeny) Eastward over-thrusting of deep marine sediments of the Roberts Mountain Allochthon over, and collapsing, the passive margin shelf and platform deposition. Formed a foreland basin. Table 6-4: Lithological Setting, Cortez Complex Assemblage Formation Age Description Eastern (autochthonous lower plate) Horse Canyon Formation (Rodeo Creek Formation equivalent) Devonian Siltstone, mudstone, chert and argillite Wenban Formation Early Devonian Limestone Roberts Mountains Formation Silurian- Devonian Silty, fossiliferous, and laminated limestones; sedimentary breccias Hanson Creek Formation Ordovician Dolomite and silty limestone Eureka Formation Ordovician Quartzite Hamburg Dolomite Cambrian Limestones and dolomites Western (allochthonous upper plate) Slaven Formation Devonian Chert with occasional thin interbeds of carbonaceous shale and limestone Fourmile Canyon Formation Silurian Chert, siltstone, argillite, and shale with a few thin beds of sandstone Elder Formation Silurian Feldspathic silty sandstone, with interbeds of siltstone, tuffaceous shale, and thin chert Valmy Formation Ordovician Massive quartzite and sandstone interbedded with chert, shale, siltstone, greenstone, and minor limestone Vinini Formation Ordovician Bedded chert and interbedded quartzite and shale, alternating carbonaceous shale and quartz siltstone, and irregularly interbedded shale, siltstone, sandstone, and limestone, and tholeiitic volcanic rocks

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-8 Assemblage Formation Age Description Intrusive Dikes Pliocene– Pleistocene Rhyolite Dikes Pliocene Andesite Dikes Oligocene Biotite–quartz–sanidine porphyry Porphyry Eocene Dikes and sills Tertiary Dacite and rhyodacite Dikes Jurassic– Cretaceous Felsic and mafic intrusions Gold Acres Stock Jurassic– Cretaceous Granodiorite Mill Canyon Stock Jurassic Biotite–quartz monzonite Extrusive/volcaniclastic Flows Pliocene– Pleistocene Rhyolite Flows Pliocene Andesite Caetano Tuff Oligocene Water laid rhyolitic tuffs, together with lesser amounts of andesitic tuff, sandstone and conglomerate Weathering has affected those deposits that are exposed on surface, resulting in oxide ores, which overlie the refractory sulfides. Weathering extends to about 60 m depth at Cortez. Mineralization consists primarily of submicrometer- to micrometer-sized gold particles, very fine sulfide grains, and gold in solid solution in pyrite. Gold mineralization occurs disseminated throughout the host rock matrix in zones of silicified and decarbonatized, argillized, silty calcareous rocks, and associated jasperoids. Gold may occur around limonite pseudomorphs of pyrite and arsenopyrite. 6.3.3 Phoenix Complex The main geological units of the Phoenix Complex area are provided in Table 6-5. Two major regional scale north–south-striking faults demark the Phoenix mineralization corridor. The west boundary is the Copper Canyon fault zone (also known as the Canyon fault) and to the east, is the Virgin fault zone. Numerous subsidiary faults are developed in the vicinity of these main faults. Hydrothermal alteration is centered on the Copper Canyon stock, which has produced about 4,200 acres of hornfels and skarn. Skarn alteration is hosted by all sedimentary rock units adjacent to the Copper Canyon granodiorite, with the reactive calcareous protoliths of the Edna Mountain Formation, Antler Peak Limestone and Battle Formation hosting the bulk of the skarn alteration. Alteration of the Copper Canyon stock consists of quartz–sericite–pyrite argillic, or propylitic, alteration.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-9 Table 6-5: Lithological Setting, Phoenix Complex Age Unit Note Cenozoic Volcanic rocks and alluvium Includes 3 Ma Pliocene olivine basalt flows and Quaternary–Tertiary alluvium Tertiary Tuff 33 Ma Caetano welded siliceous tuff Cretaceous Granodiorite porphyry 38 Ma Copper Canyon stock Mississippian, Pennsylvanian and Permian Havallah sequence (formerly Pumpernickel Formation) Radiolarian ribbon chert, and argillite associated with variable, but generally subordinate, siliciclastic, calc- arenitic, and volcaniclastic turbidites and slump deposits Pennsylvanian and Permian Edna Mountain Formation Chert–pebble conglomerate and calcareous sandstone and siltstone Antler Peak Limestone Limestone unit, now recrystallized and metasomatized to marble or skarn Battle Formation interbedded calcareous to siliceous conglomerate and sandstone with lesser calcareous siltstone and shale Upper Devonian to Mississippian Scott Canyon Formation Bedded chert, marine siliciclastic sedimentary rocks, and massive to pillowed metabasalt with minor limestone and carbonaceous black chert Cambrian Harmony Formation Poorly-sorted feldspathic and micaceous sandstone, with lesser limestone and shale, which accumulated in a submarine fan setting Preferred host lithologies for gold mineralization are the Antler Peak Limestone and Battle Formation. Copper mineralization hosts include the Copper Canyon stock and Havallah sequence. Gold mineralization occurs freely at gangue–gangue or at sulfide–gangue grain boundaries, and only rarely as inclusions within gangue minerals. Some inclusions were noted in quartz, pyroxene, epidote, and orthoclase. The remaining gold occurred as inclusions totally encapsulated by sulfide minerals including pyrite, pyrrhotite, and to a lesser extent arsenopyrite, chalcopyrite, and sphalerite. Silver minerals are dominantly electrum, hessite, and lesser argentite. Copper oxide mineralization locally contains minor amounts of chalcanthite, malachite, chrysocolla, azurite, and lesser cuprite. Enriched copper mineralization typically has chalcopyrite ± covellite present. Covellite locally rims chalcocite grains where the effects of oxidation are more advanced. In hypogene mineralization, chalcopyrite occurs as disseminations and bedded replacements with skarn and silicate minerals, and in conjunction with pyrite. 6.3.4 Turquoise Ridge Complex The key lithologies of the Turquoise Ridge Complex are summarized in Table 6-6. The Getchell Fault is a major north–south striking fault, and is a master fault to a number of steeply-dipping, north-striking faults to the east of, and antithetic to it. A series of high-angle normal faults strike northeast and dip steeply northwest in the Turquoise Ridge deposit area.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-10 Table 6-6: Lithological Setting, Turquoise Ridge Complex Age Unit/Lithology Comment Quaternary and Tertiary Alluvials, gravels and minor tuff in low-lying fault-bounded graben areas. Tertiary Basaltic and andesitic lavas and poorly-exposed silicic tuff. Age date of c. 22 Ma. Cretaceous Osgood Mountains pluton Medium-grained equigranular to porphyritic granodiorite stock and related dikes and sills of dacite porphyry. c. 114 Ma dacite dikes Mississippian- Permian Havallah Formation Siliciclastic and basaltic rocks Pennsylvanian- Permian Etchart Formation Variably sandy/silty limestone, calcareous siltstone/sandstone and conglomerate. Mid- Pennsylvanian (?) Battle Formation Gray quartzite cobble conglomerate, with a gray sandy matrix. Ordovician Valmy Formation Pillow basalt flows with subordinate amounts of hyaloclastite, chert and argillite. Cambrian– Ordovician (?) Comus Formation Black shale, siltstone, and silty to fine-grained carbonate rocks. Basalt flows and ash to lapilli tuff and debris flows of basaltic composition. Abundant mafic and ultramafic alkalic sills intrude the laminated and thin-bedded sedimentary rocks. Cambrian Preble Formation Black to gray, laminated silty mudstone, locally phyllitic. Siltstone, and shale with subordinate carbonate lenses. Cambrian Osgood Mountain Formation Quartz arenite, quartzite Contact metamorphic alteration is associated with the Osgood stock, forming skarns in carbonate- rich lithologies. Alteration not associated with the granodiorite consists of decalcification, argillization, silicification, and development of jasperoid bodies. Overprinting clay alteration is related to weathering processes. Preferred host lithologies for gold mineralization are the Comus and Prebble Formations, followed by the Valmy and Etchart Formations. Sub-microscopic gold mineralization is associated with pyrite, arsenopyrite, quartz, calcite, realgar and orpiment. Gold-bearing zones can be located close to granodiorite dikes and beneath basaltic intrusions. 6.4 Deposit Descriptions 6.4.1 Carlin Complex Carlin Complex deposits that currently host mineral resources considered potentially amenable to open pit or underground mining methods include the following, with the dimensions of each deposit:

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-11 • South Arturo open pit: deposit lengths range from 2,000–4,900 ft, deposit widths are 1,000–1,800 ft, and deposit thicknesses range from 85–150 ft; • South Arturo El Niño underground: deposit lengths range from 1,700–3,500 ft, deposit widths are 200–700 ft, and deposit thicknesses range from 400–550 ft; • Ren underground: deposit lengths range from 2,000–4,200 ft, deposit widths are 350–1,600 ft, and deposit thicknesses range from 50–200 ft; • Goldstrike open pit: deposit lengths range from 1,000–2,200 ft, deposit widths are 1,000–1,500 ft, and deposit thicknesses range from 100–300 ft; • Goldstrike underground: deposit lengths range from 1,500–14,800 ft, deposit widths are 100–750 ft, and deposit thicknesses range from 650–1,950 ft; • Goldstar open pit: deposit lengths range from 2,700–4,700 ft, deposit widths are 800–1,700 ft, and deposit thicknesses range from 200–1,300 ft; • Exodus underground: deposit lengths range from 2,700–4,700 ft, deposit widths are 850–1,700 ft, and deposit thicknesses range from 200–1,300 ft; • Green Lantern open pit: deposit lengths range from 3,000–4,000 ft, deposit widths are 800–1,100 ft, and deposit thicknesses range from 300–1,500 ft; • Fallon (formerly North Leeville) underground: deposit lengths range from 150– 2,000 ft, deposit widths are 200–1,100 ft, and deposit thicknesses range from 20– 60 ft; • Leeville/West Leeville underground: deposit lengths range from 6,400–13,100 ft, deposit widths are 450–3,200 ft, and deposit thicknesses range from 15–100 ft; • Rita K underground: deposit lengths range from 400–4,300 ft, deposit widths are 100–1,500 ft, and deposit thicknesses range from 20–50 ft; • Pete Bajo underground: deposit lengths range from 1,300–7,000 ft, deposit widths are 1,200–4,000 ft, and deposit thicknesses range from 150–1,875 ft; • Gold Quarry open pit: deposit lengths range from 1,600–4,900 ft, deposit widths are 1,200–3,800 ft, and deposit thicknesses range from 150–650 ft. A summary of the geology, structure, alteration and mineralization for each of the deposits is provided in Table 6-7. Example cross-sections of deposits in the Carlin Complex are included as Figure 6-3 (South Arturo), Figure 6-4 (Goldstrike), Figure 6-5 (Exodus), Figure 6-6 (northern Greater Leeville area), Figure 6-3 (southern Greater Leeville area), and Figure 6-5 (Gold Quarry area).

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-12 Table 6-7: Deposit Descriptions, Carlin Complex Deposit Lithology Structure Alteration Mineralization South Arturo including El Nino Primarily hosted within the shelf- facies Rodeo Creek Formation along the contact with the Bootstrap limestone. A complex set of breccias occur at the upper contact of the Bootstrap limestone, and can be generalized into four basic types: silicified heterolithic, silica–sulfide, dolomite, and cavity-fill breccias. Minor discontinuous zones of mineralization can occur within the Vinini Formation. At least three generations of dikes cross-cut the earlier lithologies. The key structural features are two oppositely plunging asymmetric anticlines. The intersection lineation of the two anticline axial planes plunges steeply to the northwest. High- angle normal faults were activated on the steep limb of the two regional anticlines. Northeast- and northwest- striking faults act as secondary controls on mineralization. All mineralization is associated with variable intensities of decalcification, which is followed by weak to strong silicification with local argillization. Gold is micrometer size, and commonly occurs as rims on pyrite grains. Some of the gold mineralization is associated with preg-robbing organic carbon. Ren Hosted predominantly in dolomitic to calcareous siltstone and mudstone of the Popovich Formation. Overlain by rocks of the Rodeo Creek Formation, and underlain by the Bootstrap limestone. Later-stage monzonitic and lamprophyre dikes intruded the sedimentary package along north- and northwest-striking fault zones. Key mineralization controls include low- to moderate-angle, north-dipping faults and an associated low-angle fault along the Popovich–Rodeo Creek Formation contact. Decalcification, and silicification may be present. Can display incipient to partially developed collapse breccia, sulfidation, carbon and barite enrichment, and quartz–barite stockwork veining. Dikes can be intensely altered to quartz, clay–sericite and pyrite. Gold is micrometer sized, contained within pyrite or arsenic sulfides, and associated with secondary carbon and quartz. Mineralization is refractory, associated with carbonaceous material, and is in solid solution with sulfides. Goldstrike Dominantly hosted within the Popovich Formation, and to a lesser extent within the Rodeo Creek and Roberts Mountain Formations. Breccia development occurs in variably The regional-scale Tuscarora anticline is asymmetric, with the east limb dipping more steeply than the west. The Goldstrike stock causes a district-scale flexure of the Weathering alteration extends up to 200 m in depth resulting in oxide mineralization, which overlies the refractory sulphide mineralization. Gold is alteration- liberated through the chemical Approximately 10–20% of the gold is free, 20–30% is held in fine-grained pyrite/marcasite, a few percent (generally <2%) is contained in coarse pyrite,

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-13 Deposit Lithology Structure Alteration Mineralization orientated structures. Later dike swarms of varying compositions also use these structures and may be a significant host to mineralization, particularly within the Goldstrike open pit. Disconcordant mineralization can be hosted within less favorable units such as the Bootstrap limestone. The deposit is adjacent to the felsic Goldstrike stock. north-trending axial trace of the anticline. The largest structural feature is the district-scale Post–Genesis fault zone along the steep limb of the Tuscarora anticline. degradation of pyrite resulting in the formation of iron oxides and secondary sulphate minerals, which include goethite, hematite, jarosite, scorodite, alunite, and gypsum. and the balance is in very fine pyrite associated with clay. Mineralization mined from underground is primarily refractory. Goldstar Preferentially hosted in rocks of the Roberts Mountains Formation, but locally can also occur in contact metamorphosed calc- silicate hornfels, Rodeo Creek unit siliceous mudstone, siltstone and calc-arenite, Vinini Formation mudstone/quartz hornfels, and fractured margins of the Goldstrike stock. Hosted on the west limb of the regional Tuscarora anticline. Locally complex thrust- propagated folding focuses mineralization within the intersection of favorable sub- units and local axial planes. Primarily decalcification. Can also locally display silicification, argillization, and pyritization. Gold occurs in association with arsenical rims on pyrite grains. Gold particles are typically only a few micrometers in size in both the oxide and sulfide zones. Exodus and Green Lantern Preferentially hosted in Popovich, Rodeo Creek and Roberts Mountains Formations, with locally discrete zones of mineralization associated with pre-mineral dikes of various compositions and orientations. The Castle Reef fault acts as a hard western boundary for both deposits and juxtaposes Roberts Mountain Formation lithologies against units of the Popovich and Rodeo Creek Formations. Tight to isoclinal folding of Rodeo Creek and Popovich Formations occurs in the eastern fault block. Locally complex thrust-propagated folding focuses mineralization within the intersection of favorable sub-units and local axial planes. Weak to moderate decalcification is the dominant alteration type. Silicification and argillization are rare. Gold is typically micrometer- sized and disseminated. Mineralization is primarily oxide and a minor amount of refractory mineralization associated with carbonaceous material.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-14 Deposit Lithology Structure Alteration Mineralization Fallon (formerly North Leeville) Host lithologies include the Roberts Mountains Formations and the wispy unit of the Popovich Formation. Mineralization forms a broad, tabular zone with strong stratigraphic control enhanced by folding and cross-faults. The Weboff intrusion, a pre-mineral intrusive stock, follows the Weboff fault corridor, and is variably mineralized. Northeast- and northwest- trending dikes intrude older lithologies. Key structures include the Basin Bounding fault that forms the western boundary of the deposit, and the low-angle Gramma fault, which has thickened favorable host rocks and controlled mineralization. Decalcification is the dominant alteration type. Gold is typically micrometer- sized and disseminated. Leeville/West Leeville Preferentially hosted within lithologies of the Popovich, Rodeo Creek, and Roberts Mountains Formations. Mineralization can also be associated with a series of intensely argillized, variably orientated, discordant and undifferentiated dikes. Local thrust-propagated folding structurally controls the highest- grade zones of mineralization within anticline axial planes, disseminating outwards as stratabound mineralization in favorable sub-units. Subsequent high-angle normal faulting offsets the fold–thrust package. Mineralization is associated with a broad envelope of strongly decalcified rock and local silica replacement. Gold mineralization in the Leeville area is typically micrometer-sized and disseminated. The mineralization is both carbonaceous and sulfide refractory. Gangue minerals, such as montmorillonite, illite, alunite, and K-feldspar, are minor and do not have a direct correlation with gold mineralization. Rita K Hosted within the lower Wispy sub-unit of the Popovich Formation. Major structures consist of an over-thickened syncline– anticline pair that host high- grade mineralization in the fold hinges. Argillization, decarbonatization, silicification, and sulfidation. Gold is hosted within arsenic-rich, fine-grained anhedral pyrite and marcasite rims formed on earlier pyrite grains. Pete Bajo Hosted within the lower Wispy sub-unit of the Popovich Formation, with rare mineralization in Roberts Thrust-propagated folding highly attenuates the Wispy sub-unit resulting in highly discontinuous mineralization. Weak to moderate decalcification. Silicification and argillization are rare. Gold occurs in association with arsenical rims on pyrite grains. Gold particles are

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-15 Deposit Lithology Structure Alteration Mineralization Mountain Formation. The older rocks are intruded by an east– west striking, sub-vertical dike swarm. The folds are offset by a series of later northwest-striking, apparent normal faults that dip to the northeast. typically only a few micrometers in size. Gold Quarry Principally hosted within Rodeo Creek, Popovich and Roberts Mountain Formations. High-grade mineralization is structurally controlled along complex intersections of thrust- propagated folds with later- stage upright folds. The deposit is bound to the west by the northeast-trending Chukar- Alunite fault zone, to the east by the northeast -trending Deep Sulfide Feeder fault zone, and to the north, by the Good Hope fault. Mineralization is preferentially located in the hanging wall of the Chukar Gulch fault and in the footwall of the Good Hope fault. Typical alteration assemblages observed includes intense silicification, decalcification, decarbonatization, dolomitization, and argillization. Oxide gold ore consists of finely-disseminated native gold within the host rock. Refractory gold mineralization is due to a combination of silica ± pyrite encapsulation of gold ± the presence of naturally activated organic carbon ± the presence of carbonate.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-16 Figure 6-3: Geological Cross-Sections, South Arturo Area Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-17 Figure 6-4: Geological Cross-Sections, Goldstrike Area Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-18 Figure 6-5: Geological Cross-Sections, Exodus Deposit Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-19 Figure 6-6: Geological Cross-Sections, Northern Greater Leeville Area Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-20 Figure 6-7: Geological Cross-Sections, Southern Greater Leeville Area Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-21 Figure 6-8: Geological Cross-Sections, Gold Quarry Area Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-22 6.4.2 Cortez Complex Cortez Complex deposits that currently host mineral resources include the following: • Cortez Hills open pit and underground: combined deposit lengths are 6,800 ft, the deposit is 4,000 ft wide, and deposit thicknesses range from 10–350 ft; • Crossroads and Pipeline: deposit length is 11,000 ft, deposit width is 3,400 ft, and deposit thicknesses range from 50–1,400 ft; • Gold Acres: deposit length is 7,000 ft, deposit is 2,600 ft wide, and deposit thicknesses range from 25–600 ft; • Goldrush: deposit length is 17,300 ft, deposit width is 1,400 ft, and deposit thicknesses range from 10–350 ft; • Robertson: combined deposit lengths are 7,500 ft, deposit is 3,000 ft wide, and deposit thicknesses range from 150–1,400 ft. A summary of the geology, structure, alteration and mineralization for each of the deposits is provided in Table 6-8. Example cross- or long-sections of deposits in the Cortez Complex are included as Crossroads–Pipeline (Figure 6-9), Cortez Pits (Figure 6-10), Goldrush (Figure 6-11), Gold Acres (Figure 6-12) and Robertson (Figure 6-13). 6.4.3 Phoenix Complex Phoenix Complex deposits include the following: • Fortitude and Bonanza and Greater Phoenix: combined deposit lengths are 16,000 ft long, deposit width is 3,900 ft, and the deposits have a thickness range from 200–550 ft. A summary of the geology, structure, alteration and mineralization for each of the deposits is provided in Table 6-9. An example geological section is provided in Figure 6-14. 6.4.4 Turquoise Ridge Complex Turquoise Ridge Complex deposits include the following: • Turquoise Ridge Surface (Mega, Vista), Turquoise Ridge Underground (North and South), Vista Underground: deposit lengths range from 2,600–4,600 ft, deposit widths range from 980–2,600 ft, and deposit thicknesses range from 10–100 ft. A summary of the geology, structure, alteration and mineralization for each of the deposits is provided in Table 6-10. An example geological section is provided for the Turquoise Ridge Underground in Figure 6-15, for the Mega open pit in Figure 6-16, and the Vista open pit in Figure 6-17.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-23 Table 6-8: Deposit Descriptions, Cortez Complex Deposit Lithology Structure Alteration Mineralization Cortez Mineralization is hosted within the Roberts Mountains Formation and the Hanson Creek Formation. Numerous Oligocene, post-mineralization, quartz porphyry or biotite– quartz–sanidine porphyry intrusive dikes and sills intrude the older lithologies. The major Cortez Fault trends north–northwest along the core of the antiform forming the Cortez Window, and is reflected by a steep scarp along the southwest end of the Cortez Mountains. Normal movement of approximately 900 m down- dropped the west side, containing the Cortez deposit, relative to the eastern block. The northeast-trending Crescent Fault, which has a down-drop to the northwest of approximately 3 km is another bounding fault on the bounds the Cortez Window. It truncates both the Cortez deposit and the Cortez Fault. Pre-Oligocene northwest- trending high-angle faults controlled the emplacement of the dikes and sills. Deposit dimensions are commonly related to the strike of faults, dike-filled faults and sills Gold is associated with zones of decarbonatization and local silicification. Mineralization can also be associated with calcite veining. Breccia gold mineralization is hosted in hydrothermally brecciated and fractured rocks that are spatially associated with the west–southwest-dipping faults and attendant structures. Altered, matrix-supported breccia bodies contain the highest gold grades and are surrounded by “crackle” breccias and highly-fractured rock with moderate gold grades continuing outwards to less fractured rocks with lower grades. Most of the breccia mineralization dips moderately southwest enveloping the west–southwest- dipping faults. Mineralization becomes dominantly refractory at about 1,280–1,325 m elevation. Refractory gold occurs as fine grained particles in pyrite, as coatings on pyrite grains and as sparse <1 micrometer-sized grains locked in hydrothermal quartz. Cortez Hills The Breccia Zone mineralization in the Cortez Hills deposit is hosted in the Wenban and Horse Canyon Formations. At depth, mineralization in the Middle and Lower Zones is also hosted by The Voodoo fault, a southwest- dipping fault complex controls the location of gold mineralization hosted in breccias. At depth, host stratigraphy has been deformed Gold is associated with zones of decarbonatization and local silicification. Mineralization can also be associated with zones of calcite veining. Altered, matrix-supported breccia bodies contain the highest gold grades and are surrounded by “crackle” breccias and highly fractured rock with moderate gold grades continuing outwards to

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-24 Deposit Lithology Structure Alteration Mineralization the Roberts Mountain and Hanson Creek Formations. Post- mineral quartz porphyry dikes and sills intrude the Cortez Hills deposits. A northwest-trending swarm of steeply dipping dikes defines the limits between the Middle and Lower Zones. by thrust faulting leading to both folding and fracturing. The Lower Zone has a distinct northwest–southeast trend in the Roberts Mountain and Hanson Creek Formations that is interpreted as the crest of a plunging antiform. The Lower Zone mineralization is localized along the north–northwest- trending intersection of a complex low-angle structural zone, the Ponderosa fault zone, and a steeply west-dipping, north–northwest-striking dike swarm. Mineralization is associated with the Hanson Fault and its splays in an emerging part of the Lower Zone below the Ponderosa Fault. Mineralization can also be associated with dikes intruding along fault horizons. less fractured rocks with lower grades. Mineralization within the Middle and Lower Zones lies at depth to the west and southwest of the Breccia Zone, occurring as tabular, sub-horizontal to shallow dipping zones. Mineralization in the Lower Zone is typically refractory in the north, transitioning to dominantly oxide as the zone plunges deeper to the south. Crossroads Consists of two mineralized zones: an upper stratiform zone along the Horse Canyon– Wenban Formation contact and a deeper zone controlled by an east–northeast-striking, west- dipping (20–25°) structural zone that cuts across stratigraphy. Alluvial cover ranges from 96– 235 m over the Crossroads deposit. Mineralization is controlled by a set of primary low-angle structures that dip shallowly to the southwest and by second- order relays between these thrusts. Mineralized zones are characterized by decalcification and intense fracturing or shattering, with the oxidized zone being primarily dependent upon elevation. Oxidation extends to depths in excess of 400 m from surface. Gold occurs in solid solution within arsenian rims on hydrothermal pyrite in primary ore, and as sub-micrometer-sized free gold particles in oxidised ores. Common gangue minerals include pyrite, abundant calcite, oxide and arsenate minerals, as well as clays. Pipeline/South Pipeline Hosted in the Wenban Formation (thin- to thick-bedded, carbonate Interpreted to have formed on the easterly limb of a domed Alteration consists of oxidation, decalcification, Gold occurs in association with silica, pyrite, hematite, and illitic

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-25 Deposit Lithology Structure Alteration Mineralization turbidites, debris flows, micrites, and silty limestones), Horse Canyon Formation (thin-bedded, planar-laminated calcareous siltstones, mudstones, inter- bedded chert, and silicified siltstones) and Roberts Mountain Formation (planar laminated, silty limestones). Host formations have been thickened and repeated by low-angle thrust faulting. Alluvial cover is absent in the northwest but thickens up to 137 m in the eastern Pipeline pit area. feature or anticline formed by the intrusion of the Gold Acres stock. The primary mineralization- controlling feature is a low-angle shear zone. Higher gold grades occur along the intersection of a north–northwest-trending fault, the Pipeline fault, with the northeasterly-trending Fence fault. The majority of the mineralization is tabular in shape, with a shallow easterly dip. weak contact metamorphism, argillization, silicification and carbonization. Alteration types can overlap, and can form in any combination. or sericitic matrix material. Gold grains are coarser in open spaces and in fracture fillings, and finer- grained when associated with silica, pyrite and hematite. Gold Acres Hosted in silty limestones of the Roberts Mountains Formation, with lesser mineralization developed in the Slaven Chert and Valmy Formations. The units are intruded by an Early Cretaceous granite centered approximately 1.6 km to the southwest of the deposit, based on a magnetic high, and by Tertiary quartz porphyry dikes. The primary mineralization- controlling structure is an imbricate shear associated with the Roberts Mountain thrust. Northeast-trending normal faults appear to have influenced the distribution of alteration and mineralization. Alteration includes carbon enrichment, silicification, argillization, and oxidation. Two skarn zones have developed above and below the imbricate shear. Gold is present as disseminated submicroscopic particles. Gangue minerals include calcite, quartz, sulfides and calc–silicate minerals related to the skarns. Goldrush Hosted within subunit 5 of the middle Wenban Formation and to a lesser extent along the contact between the Horse Canyon and Wenban Formations. Mineralization is associated with low-angle thrust faults and their related hanging wall antiforms that typically concentrate gold along fold hinges and/or east- dipping limbs. Gold occurs within extensive zones of decarbonatization and silicification within the Devonian lithologies. The main gold-bearing mineral is micrometer-sized arsenian pyrite that occurs as individual grains or as rims on pre-existing pyrite. Mineralization is primarily double- refractory and highly preg-robbing with both sulfides and active carbon present in the orebody. Seven mineralized domains are defined, from north to south,

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-26 Deposit Lithology Structure Alteration Mineralization Crow’s Nest, Red Hill, KB North, KB South, 3½, Ranch, and Meadow. Robertson Gold mineralization is hosted in siliciclastic rocks of the Slaven and Elder Formations, as well as inside Eocene intermediate composition igneous rocks, primarily diorite and granodiorite. Late-stage feldspar porphyry dikes intrude the older lithologies. Mineralization in the granodiorite is controlled by a series of shallowly west-dipping structures. Gold mineralization overprints an initial contact metamorphic hornfels event and a subsequent chalcopyrite– pyrrhotite– pyrite–chlorite–actinolite skarn event. A series of later-staged phyllic and propylitic alteration types can be present, primarily altering later faults, fractures and the late-stage porphyry dikes. Gold is present as native gold, with minor electrum. Gold is free- milling.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-27 Figure 6-9: Geological Cross-Section Crossroads–Pipeline Area Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-28 Figure 6-10: Geological Cross-Section Cortez Pits Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-29 Figure 6-11: Geological Cross-Section and Long-Section Goldrush Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-30 Figure 6-12: Geological Cross-Section, Gold Acres Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-31 Figure 6-13: Geological Cross-Sections, Robertson Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-32 Table 6-9: Deposit Descriptions, Phoenix Complex Deposit Lithology Structure Alteration Mineralization Phoenix Associated with the 38-Ma Copper Canyon granodiorite stock, and is hosted in the Pennsylvanian and Permian Antler sequence, a fining upward package of ferruginous conglomerate, calcareous sandstone and siltstone, and limestone. The Cambrian(?) Harmony Formation, in the upper plate of the Roberts Mountains thrust, and the Mississippian, Pennsylvanian, and Permian Havallah sequence, in the upper plate of the Golconda thrust, are the respective footwall and hanging wall stratigraphic units. Skarn formation is related to two separate magmatic-hydrothermal centers, one to the north (SW Fortitude) of the central Eocene stock and one to the south (Bonanza–Glory Hill). Two major regional scale north– south-striking faults demark the Phoenix mineralization corridor. The west boundary is the Copper Canyon fault zone (also known as the Canyon fault) and to the east, is the Virgin fault zone. A prominent, north- trending ridge is the topographic expression of a narrow horst that runs the length of the property. The highest part of this ridge, known as Top-of-the- World, is flanked to the west by the Virgin Fault and to the east by the Hayden Fault. Numerous subsidiary faults are developed in the vicinity of these main faults. Skarn alteration is hosted by all sedimentary rock units adjacent to the Copper Canyon granodiorite. In the Phoenix deposit, skarn hosted by the Antler Peak Limestone is zoned from a proximal garnet > pyroxene assemblage adjacent to the stock (with Cu > Au), to an intermediate assemblage of pyroxene > garnet distal to the stock (with Au > Cu). Skarn in the Greater Midas deposit is zoned from a proximal assemblage of pyroxene>garnet with strong retrograde alteration adjacent to the stock (with Cu > Au) that grades outward to a similar skarn assemblage with lesser retrograde alteration, and to distal assemblages containing actinolite with only minor pyroxene, and chlorite + biotite + clay, respectively (with Au > Cu). Gold mineralization is primarily hosted in pyrrhotite- and pyrite- bearing skarn consisting of pyroxene, epidote, and actinolite > garnet. Gold occurs as free gold grains and electrum. It can also occur as inclusions totally encapsulated by sulfide minerals including pyrite, pyrrhotite, and to a lesser extent arsenopyrite, chalcopyrite, and sphalerite. Chalcopyrite is the most abundant hypogene copper- bearing mineral. The transition zone can include chalcocite and covellite. Oxide copper minerals can include chalcanthite, malachite, chrysocolla, azurite, and lesser cuprite. Silver minerals are dominantly electrum, hessite, and lesser argentite.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-33 Figure 6-14: Geological Cross-Section, Phoenix Deposit Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-34 Table 6-10: Deposit Descriptions, Turquoise Complex Deposit Lithology Structure Alteration Mineralization Turquoise Ridge Underground Host rocks are correlated with the Comus Formation and are locally sub-divided into a mid-slope facies (siliciclastic-dominant mudstone and siltstone) and a basal slope facies (carbonaceous and calcareous silty limestone, and calcarenite). Some ore grade intervals are present along mineralized faults that cut interbedded pillow basalt. Dacite and dacite porphyry dikes often control the distribution of high- grade gold, particularly where they are cut by high-angle mineralized faults. Gold-bearing zones can be located close to granodiorite and dacite dikes and beneath basaltic sills. The Getchell Fault, one of the most prominent structural features of the region, generally strikes north–south to north– northwest, and dips at approximately 50° eastward in the vicinity of the mine site. The Turquoise Ridge north zone mineralization largely mimics the orientation of the Getchell Fault, with complications from northeast- and north–south- striking structures. Structural controls are dominantly related to high angle (75–85°) northeast- striking faults (Cricket Corridor, Turquoise Ridge Corridor, Ace fault) and the intersections of those zones with throughgoing north–south-striking faults. Biotite hornfels formed within the tuffaceous mudstones. Calc–silicate alteration occurs within carbonates in the south where those rocks are close to the Osgood Stock. Hydrothermal alteration consists of locally extensive, complete decalcification and argillic alteration of all rock types, and spotty silicification. Disseminated micrometer- size gold occurs on arsenic- rich rims forming on pyrite. Turquoise Ridge Surface Mega Lithologies include phyllite, argillite, and limestone of the Preble Formation; Comus Formation black shale, siltstone, dirty limestone, and basaltic rocks; Valmy Formation, comprising highly-deformed basalt, chert and argillite in the upper plate of the Roberts Mountains allochthon; Etchart Formation limestone and Battle Formation conglomerate; and highly deformed sandstone, siltstone, basalt, and lesser chert of the Havallah Formation in the The principal structural element and the most important ore- controlling structure in the north Mega deposit is the Conelea anticline, which trends and plunges to the north–northwest. A broad zone of low-angle, west dipping, and northerly striking faults characterize a major Paleozoic thrust in the northern part of the Mega open pit. Mineralization is localized in decalcified carbonates but may be hosted in argillically altered and sulfidized basalt. Silicification is common in Comus Formation sediments immediately adjacent to basaltic contacts, with generally lower gold grades. Gold occurs in arsenic-rich rims or bands on pyrite grains associated with orpiment, realgar, stibnite, cinnabar, and quartz

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-35 Deposit Lithology Structure Alteration Mineralization upper plate of the Golconda allochthon. Miocene basalts overlie the sequence. Turquoise Ridge Surface Vista/Vista Underground Oldest rocks are units of the Upper Preble and Comus Formations. The Etchart Formation is generally a calcareous sandstone to sandy limestone. The Valmy Formation consists of pillow basalts, massive basalt flows, hyaloclastites, siliceous mudstones, and debris flow breccias. The uppermost unit is the Havallah Formation. Stratabound high-grade oxide mineralization occurs primarily within the lower Etchart Formation limestone near the unconformity between the Etchart and Valmy Formations. Late-stage dikes cross-cut the earlier lithologies. The bulk of the Vista Pit gold mineralization is controlled by the Valmy-Etchart unconformity. The mineralization mined from underground is hosted within a wide, northeast-trending, strongly mineralized shear zone referred to as the Trench Fault. The shear zone is defined by three anastomosing structural zones, or ore zones; OZ1, OZ2, and OZ3. Mineralization dominantly occurs along the hanging wall and footwall of these structures. Regional propylitic alteration. Mineralization associated with decarbonatization, silicification, phyllic, and argillic alteration. Supergene processes produced deep oxidation of Etchart and Camus Formation rocks. Mineralization consists of disseminated gold in arsenian pyrite and marcasite. Gold occurs in arsenic-rich rims or bands on pyrite grains. Gangue within the shear- zone-hosted mineralization can include milky vein quartz, fractured pyrite, massive fractured sphalerite with chalcopyrite disease, subhedral-euhedral pyrite, massive fractured galena, tennantite–tetrahedrite, microcrystalline quartz, sericite, and specular hematite.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-36 Figure 6-15: Geological Cross-Section, Turquoise Ridge Underground Deposit Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-37 Figure 6-16: Geological Cross-Section and Plan, Mega Deposit Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 6-38 Figure 6-17: Geological Long-Section and Plan, Vista Open Pit Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-1 7.0 EXPLORATION 7.1 Exploration 7.1.1 Grids and Surveys Prior to about 1985, surveys were completed by registered surveyors, using United States Geological Survey (USGS) base-stations, and optical instruments to survey collar locations and pit topography using angles and distances. Pre-mine topographic surveys were based on surface surveys, or alternatively, on airborne topographic surveys. Current topographic surveys are completed on an as-needs basis. During operations, surveys may be completed daily; where no work is currently being undertaken, surveys may be years apart. The datum used for each mine varies and could include mine grids, truncated State Plane NAD83 or NAD27, and truncated Universal Transverse Mercator. All sites have been translated to a NAD83 Zone 11 vertical datum 88 ft, which is used for regional programs. 7.1.2 Geological Mapping Pre-mine geologic mapping was completed in eastern Nevada by USGS geologists and previous operators. From 1961 to date, surface-mapping was conducted at various scales, ranging from pit wall (1:1,200) to district (1:25,000) scales. Underground mapping is completed at scales ranging from 1:20 to 1:100. 7.1.3 Geochemistry Geochemical samples were collected early in the Project history, and included stream sediment, soil, and rock chip samples. Owing to the long mining history within the AOI, geochemical sampling techniques used for grassroots exploration purposes have been typically superseded by data from drilling and open pit and underground mining. Current exploration typically does not use surface sampling methods, as the majority of the recent exploration successes are based on a combination of structural modelling and drilling to explore for mineralization at depth. 7.1.4 Geophysics Geophysical methods have been used in Barrick, Newmont and NGM work programs within the AOI since 1973. From 1973–1993, geophysical tools were primarily regarded as support tools due to the initial discoveries cropping out on surface, or only having a thin veneer of cover, and the inability of the early methods to directly detect the deposits. Methods employed over the Project history included airborne and ground magnetics; radiometrics and electromagnetics (EM); gravity, resistivity, and controlled-source audio-frequency telluromagnetics (CSAMT) and magnetotellurics (MT); self-potential (SP); induced-polarization (IP); time domain pole-dipole IP;

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-2 time domain MT/IP using a distributed assay system; electrical logging of drill holes; and downhole IP. Key uses of the geophysical survey data were to delineate intrusive rocks and thermal metamorphic halos, identify remnant-magnetized volcanic rocks and fault/structures, outline zones of pyrite at depth, and define zones of decalcification. 7.1.5 Petrology, Mineralogy, and Research Studies Since 1961, a significant number of structural, petrology, mineralogy, lithogeochemical, and research studies have been completed on the gold and copper deposits within Northern Nevada, making the area one of the more intensively studied geologic provinces in the world. NGM maintains a database of such research as a reference tool for exploration purposes. 7.1.6 Qualified Person’s Interpretation of the Exploration Information The exploration information was used to vector into potential mineralized zones. Exploration information has typically been superseded by the active mining operations. 7.1.7 Exploration Potential Exploration potential exists adjacent to many of the deposits, along strike and at depth along favorable mineralized structures, and within favorable host lithologies. 7.2 Drilling 7.2.1 Overview 7.2.1.1 Drilling on Property Across the entire AOI, drilling totals 199,626 drill holes, for 23,837,705 m of drilling. Between 1905 and 1965–1966, drilling was completed primarily for early-stage, exploration- focused programs and for initial gold resource estimates. From 1966 onward, drilling was used to support advanced-stage project evaluation as well as deposit, pit, and underground delineation. A drill summary table for the Project is provided in Table 7-1. Drilling completed outside the complexes is provided in Table 7-2. Drill totals are broken out by complex in Table 7-3 to Table 7-6. A drill collar location plan for the Project area is included in Figure 7-1. Drill collar locations for each mining complex are included as Figure 7-2 to Figure 7-6.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-3 Table 7-1: Drill Summary Table, Mining Complexes Complex Number of Drill Holes Drilled Metreage (m) Carlin 108,081 11,335,753 Cortez 28,932 4,421,660 Phoenix 15,386 1,959,008 Turquoise Ridge 32,277 3,852,282 Other 14,950 2,269,002 Total 199,626 23,837,705 Note: Metreage has been rounded; totals may not sum due to rounding. Table 7-2: Drill Holes In Database Outside Mining Complexes Drill Type Number of Drill Holes Drilled Meters (Mm) Core 2,917 628,696 RC 10,411 1,453,890 Rotary 593 65,125 Unknown 1,029 121,291 Total 14,950 2,269,002 Note: Metreage has been rounded; totals may not sum due to rounding. Table 7-3: Carlin Complex Drill Summary Table Drill Type Number of Drill Holes Drilled Metreage (m) Core 20,943 3,206,918 RC 66,536 6,605,886 Rotary 14,198 997,104 Core sonic 82 2,444 Unknown 6,322 523,401 Total 108,081 11,335,753 Note: Metreage has been rounded; totals may not sum due to rounding.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-4 Table 7-4: Cortez Complex Drill Summary Table Drill Type Number of Drill Holes Drilled Metreage (m) Core 6,632 1,248,840 RC 18,822 2,941,668 Rotary 1,655 149,029 Core Sonic 1,300 2,267 Unknown 523 79,856 Total 28,932 4,421,660 Note: Metreage has been rounded; totals may not sum due to rounding. Table 7-5: Phoenix Complex Drill Summary Table Drill Type Number of Drill Holes Drilled Metreage (m) Core 2,315 361,519 RC 9,655 1,288,859 Rotary 2485 218,846 Core sonic 98 3,921 Unknown 833 85,863 Total 15,386 1,959,008 Note: Metreage has been rounded; totals may not sum due to rounding. Table 7-6: Turquoise Ridge Complex Drill Summary Table Drill Type Number of Drill Holes Drilled Metreage (m) Core 11,976 1,734,980 RC and Cubex 13,176 1,760,875 Rotary 365 42,596 Unknown 6,760 313,831 Total 32,277 3,852,282 Note: Metreage has been rounded; totals may not sum due to rounding.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-5 Figure 7-1: Drill Collar Location Plan, AOI Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-6 Figure 7-2: Carlin Complex Drill Collar Location Plan, North Area

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-7 Figure 7-3: Carlin Complex Drill Collar Location Plan, South Area

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-8 Figure 7-4: Cortez Complex Drill Collar Location Plan

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-9 Figure 7-5: Phoenix Complex Drill Collar Location Plan

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-10 Figure 7-6: Turquoise Ridge Complex Drill Collar Location Plan

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-11 7.2.1.2 Drilling Supporting Mineral Resource Estimates Any of the drill types noted in Chapter 7.2.2 can be used in estimation; however, the majority of the current estimates are supported by RC and core drilling. 7.2.1.3 Drilling Excluded For Estimation Purposes Drill holes can be excluded from supporting estimates if there is sufficient uncertainty in location or orientation, or quality of assays. Where drill holes intersect the interpreted mineralization at significantly oblique angles, they may be excluded at the discretion of the modeler. 7.2.2 Drill Methods Over the Project history, drilling included reverse circulation (RC), core, air rotary, mud rotary, and Cubex methods. Churn drilling was used in areas was completed in areas known to host placer gold. The majority of the areas where air rotary, mud rotary, Cubex and churn methods were used are mined out. RC diameters were typically 5.5–6.5 in. Core sizes are typically HQ (2.5 in diameter) for surface drilling. Occasionally, surface core holes were reduced from HQ size to NQ (1.9 in) size if difficult drilling conditions were encountered. Surface metallurgical core included PQ (3.3 in), and SHR series (3.3 in; 4 in or 6 in) core. 7.2.3 Logging Logging conducted depended on the operator of the complex at the time the information was collected, and the drill type. Typically, logging collected information such as lithology, stratigraphy, basic structural data, recovery, alteration, and mineralization. For mining operations, logging could also record metallurgical type, intensity codes for metallurgy and alteration, and geotechnical parameters such as rock quality designation (RQD) and number of fractures per foot, and comments by the geologist. 7.2.4 Recovery Recoveries have been measured for the majority of the core holes. Procedures are in place to mitigate instances where core recovery becomes poor. Conversely, in areas of competent hard mineralization, core recoveries are at 95–100%. 7.2.5 Collar Surveys During early operations, exploration and development drill programs, collar grid coordinates were determined by optical surveys, field estimates, Brunton compass and pacing, compass-and-string distance measurements, and for underground operations, measurements from surveyed control points, face, ribs and sill to triangulate each collar location.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-12 Currently, the operations typically make use of laser survey or digital geographic positioning system (GPS) measurements to locate drill hole collars. 7.2.6 Down Hole Surveys Determination of the hole trace was historically accomplished by projection of the initial collar orientation, using a downhole single-shot or multi-shot film camera (typical for most underground surveys), use of a downhole precession gyroscopic survey tool, or a gyroscopic tool requiring initial orientation with a compass. Either north-seeking or conventional gyroscopic tools, or a combination, are used currently for down-hole survey purposes. Gyroscopic surveys are typically reported at 25 or 50 ft intervals. 7.2.7 Comment on Material Results and Interpretation Drill spacing varies by complex, depending on deposit type and assumed or actual mining method: • Carlin: approximately 6–21 m in the better drilled deposit areas to about 30–134+ m spacing on the less well drilled portions of the deposits; • Cortez: approximately 9–15 m in the better drilled deposit areas to about 31–98+ m spacing on the less well drilled portions of the deposits; • Phoenix: approximately 5–6 m in the better drilled deposit areas to 67+ m spacing on the less well drilled portions of the deposits; • Turquoise Ridge: approximately 6–13 m in the better drilled deposit areas to about 30–91+ m spacing on the less well drilled portions of the deposits. Drilling and surveying were conducted in accordance with industry standard practices at the time the information was collected, and provide suitable coverage of the zones of gold ± copper mineralization. Drilling methods provide reasonable core recovery. Logging procedures provide consistent descriptions. These data are considered to be acceptable for mineral resource and mineral reserve estimation. There are no drilling or core recovery factors known to the QP that could materially impact the accuracy and reliability of the results. 7.3 Hydrogeology Information obtained during early-stage hydrological and hydrogeological evaluations is superseded by data obtained from many years of mining activities. In areas where new mining activity is planned in stand-alone projects, such as at Goldrush, additional hydrological and hydrogeological data collection is underway.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-13 Dewatering is performed where required in the operations, using dewatering wells, or advanced development (normally with drain holes) which may later be used for mining purposes, drain holes drilled from existing excavations, or development headings and sumps. 7.3.1 Sampling Methods and Laboratory Determinations Hydrogeology data, including pore pressure distribution and ground-water flow, were normally collected from geotechnical investigations in pre-construction studies and later from on-going programs in operating mines. The primary method for collection of hydrogeology data is a large network of vibrating wire piezometers. These vibrating wire piezometers provide water level data. QA/QC is achieved by redundancy in network and annual audits of sensor parameters and performance. Another source of data is hydrogeologic testing. Most wells that are drilled are subjected to extensive hydrogeologic testing to establish aquifer parameters. These tests are typically injection (slug) tests, spinner tests, step test, packer tests, short-term pump tests and long-term pump tests. These tests are analyzed using classical hydrogeology methods. Most of the aquifers on site are in fractured bedrock and therefore, fracture-flow controlled, in-situ testing is relied upon more heavily than laboratory testing; however, in some of the alluvial aquifers additional logging/laboratory testing of sonic cores is done. The laboratory tests are completed to establish a detailed log (USGS Soil Classification), moisture content, Atterberg limit, grain size distribution, specific gravity and permeability (flex-wall permeability tests). Numeric models have been developed using parameters from above-mentioned methods and geological modelling. 7.3.2 Comment on Results A combination of historical and current hydrological and hydrogeological data, together with mining experience, are used to prepare the mine designs, dewatering plans and monitoring for existing and planned operations. 7.3.3 Groundwater Models Where hydrogeological conditions warranted, groundwater models were prepared using industry- standard water modelling software. 7.4 Geotechnical Information obtained during early-stage geotechnical evaluations is superseded by data obtained during mining activities. 7.4.1 Sampling Methods and Laboratory Determinations Geotechnical core logging and in-situ geotechnical mapping are the principal data collection methods. Geotechnical core logging is directly inputted into the digital logging database, acQuire.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-14 If surface access (e.g., open pit) or underground access (e.g., mine workings) is available, then the geotechnical core logging results may be confirmed or supplemented with in situ assessment of geotechnical domains using geotechnical mapping of active development and/or window or scanline mapping. Typical data collected in logging and mapping programs include physical rock properties and joint wall conditions used to determine rock mass characterization. Data collected can include RQD, joint frequency, number of joint sets, joint roughness, joint alteration, joint in-filling, point load tests, rock mass fabric characterization and information on discrete structural features. Rock mass characterization systems employed can include rock tunnelling quality index (Q system), rock mass rating (RMR), mining rock mass rating (MRMR) and geological strength index (GSI). Typical structural characterization consists of documenting joint sets (including bedding, foliation), faults, shear zones, and dikes through core intercepts, televiewer surveys or in situ mapping. Data collected can include observations such as dip, dip direction, spacing, thickness and persistence. Laboratory testing samples are taken from diamond core during logging efforts and sent to independent rock testing laboratories for testing. Intact rock properties are characterized through field and laboratory testing as required. Properties to be quantified can include unconfined compressive strength (UCS), Young’s modulus, Poisson’s ratio, tensile tests and direct shear tests. Multiple samples are taken for each rock unit to account for any irregularities within the core specimens. Field stress characterization is conducted using documented observations (disking and breakouts), documented back analysis, field measurements and regional stress models. Observation of disking in geological core logging is used to identify zones of stress differential within the rock mass. Stress differential is typically encountered where there is a mechanical contrast in material stiffness, typically between two geotechnical domains. In active operations, data collection includes inspection of active headings on a basis stipulated by the individual mine site., and determinations if the support system installed is appropriate for the in-situ ground conditions. Backfill is routinely tested to validate mix design and quality. Underground sites test backfill in on-site laboratories for unconfined compressive strength. External laboratories are utilized to conduct testing outside of the capacity of the site. These tests may include Young’s modulus, Poisson’s ratio and tensile testing. Ground support, used in the support of mine workings, is routinely tested to confirm quality of installed elements. Quality assurance and quality control (QA/QC) practices include pull testing of rock bolts to validate material and installation quality, and UCS testing of shotcrete/fibercrete to confirm batching and mix design. A range of geotechnical monitoring systems are employed at the underground sites. These systems can include extensometers, either single-point or multi-point units, closure stations, load sensing instruments and sloughmeters. Microseismic arrays, consisting of both uniaxial and triaxial geophones, collect seismic data at mines where seismicity is identified as a geotechnical risk.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 7-15 7.4.2 Comment on Results A combination of historical and current geotechnical data, together with mining experience, are used to engineer ground support guidelines and procedures that all ground support designs must follow. These data and mining experience support the geotechnical operating considerations used in the mine plans in Chapter 13 of this Report.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 8-1 8.0 SAMPLE PREPARATION, ANALYSES, AND SECURITY 8.1 Sampling Methods Sampling is variable by mining complex and mineralization style. Air-rotary and mud-rotary drill holes were sampled on 5–100 ft intervals. Cubex drilling was sampled on 5–10 ft intervals. RC drill holes were typically sampled on 5 ft intervals. Core samples were nominally taken at 5 ft intervals, but could vary to a minimum of approximately 1 ft to respect lithological contacts. 8.2 Sample Security Methods Sample collection from drill point to laboratory relied upon the fact that samples were either always attended to, or were stored in locked on-site preparation facility, or stored in a secure area prior to shipment to the external laboratory. Chain-of-custody procedures consisted of filling out sample submittal forms to be sent to the laboratory with sample shipments to ensure that all samples were received by the laboratory. 8.3 Density Determinations The majority of the data were from measurements collected by exploration or mine site personnel using the water displacement method. These data were used to support mineral resource and mineral reserve estimates. In some instances, verification of the site procedures was performed by external laboratories, using selected core pieces. Verification laboratories included, where known, Zonge Engineering in Tucson, AZ (Zonge); Elliot Geophysical Laboratories (Elliot); and AGRA Metallurgical Laboratory in Reno (AGRA). 8.4 Analytical and Test Laboratories Given the long history of the Nevada Operations, there are numerous laboratories that were used over the Project history. These include, where known: • Independent laboratories: ALS Chemex in Elko, Nevada, ALS Chemex in Winnemucca, ALS Chemex in Sparks, Nevada (ALS Reno) and Vancouver, Canada (ALS Vancouver); American Assay Laboratories in Sparks, Nevada (AAL Sparks); Analytical Services Laboratory; Barringer Laboratories in Reno, Nevada (now BSI Inspectorate); Bondar-Clegg Laboratory in Reno (now ALS Chemex); BSI Inspectorate Laboratory; Core Laboratory; Golden Giant Laboratory; GSI; Hazen Research Laboratories; Lakefield Metallurgical Consultants; Legend Laboratories; McClelland Laboratory; Monitor Hesperia, CA Laboratory; Monitor Geochemical Laboratory in Elko, Nevada; Rocky Mountain Geochemical Laboratory; SGS Mineral Services; Shasta Analytical; Skyline Laboratories in

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 8-2 Tucson, Arizona; Treweek Laboratory; Universal Laboratory Inc.; Valmy Trend Arev Source; X-Ray Assay Laboratory Toronto, Canada; Bureau Veritas in Elko and Reno, Nevada; • Non-independent laboratories: Cortez mine laboratory; Goldstike mine laboratory; Battle Mountain mine laboratory; Duval laboratory (became Battle Mountain); Lone Tree mine laboratory; Twin Creeks mine laboratory; Gold Quarry mine laboratory; Newmont Metallurgical Services; Placer Dome Research Centre, Vancouver, Canada; Turquoise Ridge mine laboratory. In the earlier stages of Project test work, the idea of laboratory accreditation had not been developed. In later assay campaigns, accreditations were not typically recorded in the database. Currently, the following laboratories are used by the Nevada Operations: • The ALS Elko, Reno, Carson City, Nevada Twin Falls, Idaho facilities are used for sample preparation, analysis, and check assaying. ALS holds ISO 17025 accreditation for sample preparation. The ALS facilities in Reno and in Vancouver BC are used for analytical determinations and hold ISO 17025 accreditations for selected analytical techniques and is independent. • The AAL facility located in Sparks, Nevada is used for sample preparation, analysis, and check assaying. AAL holds ISO 17025 accreditations for selected analytical techniques and is independent. • The BV facilities in Elko and Reno, Nevada are used for sample preparation, analysis, and check assaying. BV holds ISO 17025 accreditations for selected analytical techniques and is independent. • The mine laboratories are operated by NGM personnel, are not accredited, and are not independent. 8.5 Sample Preparation Sample preparation has varied over the more than 60 years of modern Project history, in line with advancing scientific knowledge, changes in equipment, and operational experience. Currently, sample preparation procedures include: • ALS: drying the sample, crushing to 70% passing 10 mesh, and then pulverizing to >85% minus 200 mesh; • AAL: drying the sample, crushing to 70% passing 10 mesh, and then pulverizing to >90% passing 105 μm (150 mesh); • Mine laboratories: drying the sample, crushing to 65% passing 10 mesh, and then pulverizing to 80% passing 200 mesh.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 8-3 8.6 Analysis As with sample preparation, analytical methods have changed over the Project history. Currently, sample analytical procedures include: • ALS: fire assays (FA) and atomic absorption (AA) finish for gold; samples reporting >0.292 oz/st Au on the initial assay re-assayed by FA with gravimetric finish; cyanide leach and preg rob capacity; Carbon/Sulfur LECO testing; multi-element analyses by aqua regia digestion/inductively coupled plasma-atomic emission spectroscopy (ICP-AES)/ICP-mass spectroscopy (ICP-MS), multi-element by four acid digestion and ICP-AES/ICP-MS; • AAL: 1 assay ton fire assays with an AA finish for gold; • Mine laboratories: 1/3, ½, and 1 assay ton fire assays with an AA finish for gold. If the sample gold grade is above the open pit cut-off grade, the samples are analyzed for cyanide leach, % preg rob, total carbon, total sulfur, sulfide sulfur, carbonate, and organic carbon for ore characterization purposes. On request, underground muck samples can be analyzed for additional analyses including total carbon, total sulfur, sulfide sulfur, carbonate carbon, organic carbon, and arsenic. Additional assay methods, as recorded in the Project databases were typically used for exploration or other specialized purposes such as gas sampling and were not consistently requested. They include: gravimetric, sulfuric acid digest, neutron activation analysis, X-ray diffraction (XRD), X-ray fluorescence (XRF) and pH methods. 8.7 Quality Assurance and Quality Control Prior to the mid-1990s, few companies had rigorous quality assurance and quality control (QA/QC) programs in place. QA/QC had typically consisted, where undertaken, of reanalysis of drill core or other samples when later sampling indicated a potential problem. In the case of the NGM Operations, QA/QC samples were submitted for RC and core samples from about 1990. Typical QA/QC measures include submission of blank materials, certified or standard reference materials (standards), and field duplicate samples. Depending on the time period, the rate of insertion of field duplicates can range from 1–5% of a field program; standard and blank insertion rates can range from between 2–5%. NGM purchased SRMs from well-known Canadian distributors. These could be commercial standards, or standards generated from bulk samples of deposits within the NGM Operations area. Standards typically represent very high-grade, high-, medium-, and low-grade in oxide and refractory gold mineralization. Blank materials came from a variety of sources, most recently gravel purchased from local hardware stores, landscape marble, and gravel sourced from quarry sites within the region. Check assays are to be routinely performed. Typical checks were undertaken on pulps and coarse reject samples to test the analytical processes and preparation procedure, respectively.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 8-4 Project geologists review the assay results and periodically request a batch re-run and/or entire hole based on expected versus actual results. Analyses that appear to be outside best practice guidelines for exploration of three standard deviations will result in a request of the laboratory that completed the original analysis to undertake a re-run of the sample batch that the failed control was in. Check assay programs are the responsibility of the individual geologists. Several systems and programs are used to control and ensure assay data quality. These include standards for technician training, periodic process checks, equipment preventive maintenance, centralized reagent/standard preparation, control samples (reference materials) and blanks assayed with the samples, data verification, periodic check assays, and encourage participation in industry round-robin programs. 8.8 Database Exploration data from a variety of sources are imported into acQuire databases using a variety of techniques and procedures to check the integrity of the data entered. Since the mid-1990s, geological and geotechnical data have been validated by software routines and uploaded directly into the database from the logging instruments. Analytical data certificates are uploaded from digital sources provided by the analytical laboratories via website or digital connection. Survey data are uploaded by the database admins from digital survey files provided by surveyor or geologists. Density data are imported by the database administrator from a spreadsheet sent from the internal mine laboratory or core shed, or by download from the external laboratory website. Verification is performed on all digitally collected data upon upload to the main database, and includes checks on surveys, collar coordinates, lithology data, and assay data. Data that were collected prior to the introduction of digital logging have been subject to validation, using built-in program triggers that automatically checked data upon upload to the database. Database security and integrity are accomplished by restricting access and user level permissions that are set by the database managers. Once data entry and validation are completed for a drill hole, access is locked. There are procedures for updates that retain all the original information and prioritize use of the updates. Digital back-up copies of the geologic logs are stored offsite. The majority of the hardcopy logs that were used prior to digital databases are archived. Some of the drill hole records have been digitally scanned and saved. 8.9 Qualified Person’s Opinion on Sample Preparation, Security, and Analytical Procedures The sample preparation, analysis, quality control, and security procedures used by the Nevada Operations have changed over time to meet evolving industry practices. Practices at the time the information was collected were industry-standard, and frequently were industry-leading practices. The data are acceptable for use in mineral resource and mineral reserve estimates and in mine planning.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 9-1 9.0 DATA VERIFICATION 9.1 Internal Data Verification Validation checks are performed by NGM operations personnel on data used to support estimation comprise checks on surveys, collar coordinates, lithology data (cross-checking from photographs), and assay data. Errors noted are rectified in the database prior to data being flagged as approved for use in resource estimation. 9.2 Reviews and Audits Newmont conducted internal audits, termed Reserve and Resource Review or 3R audits, of all its operations prior to the incorporation of the NGM JV. These audits focused on: • Reserves processes: geology and data collection; resource modelling; geotechnical; mine engineering (long term) for open pit and underground operations; mineral processing (development); sustainability and external relations; financial model; • Operations process: ore control; geotechnical and hydrogeology (operational); mine engineering (operational) for open pit and underground operations; mineral processing (operational); reconciliation. The reviews assessed these areas in terms of risks to the contained metal content of the mineral resource and mineral reserve estimates, or opportunities to add to the estimated contained metal content. Findings were by definition areas of incorrect or inappropriate application of methodology or areas of non-compliance to the relevant internal Newmont standard (e.g., such as documents setting out the standards that are expected for aspects of technical services, environmental, sustainability and governmental relations) or areas which are materially inconsistent with published Newmont guidelines (e.g., such as guidelines setting out the protocols and expectations for mineral resource and mineral reserve estimation and classification, mine engineering, geotechnical, mineral processing, and social and sustainability). The operation under review was expected to address findings based on the level of criticality assigned to each finding. The most recent 3R audits on the former Newmont properties were conducted as follows: • 2013: Emigrant, Phoenix, and Long Canyon; • 2014: Leeville; • 2015: Phoenix; • 2016: Carlin, Twin Creeks; • 2018: Carlin, Phoenix; • 2021: Carlin, Cortez, Turquoise Ridge, and Phoenix (remote due to COVID-19); • 2024: Carlin, Cortez, Turquoise Ridge, and Phoenix.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 9-2 9.3 Subject Matter Expert Reviews The QP requested that information, conclusions, and recommendations presented in the body of this Report be reviewed by Newmont experts or Newmont staff in each discipline area as a further level of data verification. Reviewers were requested to cross-check, as applicable, numerical data, flag any data omissions or errors identified, review the manner in which the data were summarized and reported in the technical report summary, and check the interpretations arising from the data as presented in the Report. Reviewers were also asked to check that the QP’s opinions stated as required in certain Report chapters were supported by the data. Feedback from the reviewers was incorporated into the Report as required. 9.4 External Data Verification A number of third-party consultants have performed external data reviews, as summarized in Table 9-1. These external reviews were undertaken in support of acquisitions, support of feasibility-level studies, and in support of technical reports, producing independent assessments of the database quality. No significant problems with the database, sampling protocols, flowsheets, check analysis program, or data storage were noted. 9.5 Data Verification by Qualified Person Mr. Doe performed site visits as outlined in Chapter 2.4. Observations made during the visits, in conjunction with discussions with site-based technical staff also support the geological interpretations, and analytical and database quality. The QP’s personal inspection supports the use of the data in mineral resource and mineral reserve estimation, and in mine planning. Mr. Doe has a long history of involvement with mining operations in Nevada, beginning in 1994. This consisted of site-based and corporate roles, including his current position as Head, Reserves Governance. In August 2024, Mr. Doe personally supervised a site-based review at Carlin and Cortez of the geological and geostatistical information, the mine engineering, processing, tailings, geotechnical and environmental work supporting the mineral resources and mineral reserves as part of Newmont’s 3R process. The review indicated that the estimates that were performed used industry-standard practices. A concurrent review of the Turquoise Ridge and Phoenix was also completed, with Mr. Doe participating in discussions with the Newmont 3R team and attending the close-out meeting with NGM personnel.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 9-3 Table 9-1: External Data Reviews Consultant Year Comment Second Door Industries 2000 Review of Turquoise Ridge Underground database AGRA Simons 2000 Review of Phoenix databases J.M. Rendu 2002–2003 Review of Gold Quarry databases AMEC Americas Ltd 2004–2005 Review of Cortez Hills databases Ed Isaaks 2005 Review of Phoenix databases AMEC Americas Ltd 2006–2007 Review of Phoenix databases AMEC Americas Ltd 2009 Review of Leeville databases Mine Development Associates 2009 Data review of Long Canyon database in support of NI 43-101 Technical Report Roscoe Postle Associates 2011 Review of Leeville databases 2012 Review of Cortez databases and mineral resource/mineral reserve estimates Roscoe Postle Associates 2015 Review of Cortez databases 2018 Data review of Cortez operations in support of NI 43-101 Technical Report Mine Technical Services 2018 Review of Goldstrike databases Review of Cortez databases Golder Associates 2018 Review of Goldstrike databases Wood plc 2019 Review of estimation, geologic modelling and exploratory data analysis methods at Cortez AB Global Mining 2020 Review of Cortez Hills underground, Crossroads, Cortez Pits and Robertson mineral resource models Roscoe Postle Associates 2020 Mineral reserve and mineral resource audit of the Goldstrike mine SRK Consulting 2021 Quantified comparison and adequacy of NGM’s digital database against original source data RSC Consulting Ltd. (RSC) 2023 Reviewed sampling and assaying practices and performance RSC 2023 Turquoise Ridge mineral resource audit RSC 2024 Carlin mineral resource audit RSC 2023–2024 NGM database audit (Phoenix, Carlin, Turquoise Ridge)

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 9-4 9.6 Qualified Person’s Opinion on Data Adequacy The process of data verification for the Project has been performed by external consultancies and NGM personnel. The QP considers that a reasonable level of verification has been completed, and that no material issues would have been left unidentified from the programs undertaken. The QP, who relies upon this work, has reviewed the reports and is of the opinion that the data verification programs completed on the data collected from the Project are consistent with industry best practices and that the database is sufficiently error-free to support the geological interpretations and mineral resource and mineral reserve estimation, and mine planning.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 10-1 10.0 MINERAL PROCESSING AND METALLURGICAL TESTING 10.1 Test Laboratories During the 60+ year history of Nevada Operations mine development, a significant number of metallurgical studies and accompanying laboratory-scale and/or pilot plant tests have been completed. Either internal metallurgical research facilities or external consultants undertake the research. Since the inception of NGM, external testwork was performed at McClelland Laboratories, Hazen Research, FLSmidth, SGS Lakefield, Blue Coast, Kappes Cassiday Associates, Surface Science Western, and Amtel. Internal testwork facilities included the Goldstrike Metallurgical Laboratory, Gold Quarry Metallurgical Laboratory, and Newmont Metallurgical Services in Englewood, Colorado. The laboratories perform metallurgical testing using industry-accepted procedures and to industry-accepted standards. There is no international standard of accreditation provided for metallurgical testing laboratories or metallurgical testing techniques. 10.2 Metallurgical Testwork Recent metallurgical testwork included: mineralogy; head grades and screen analyses; bottle roll, bench and column cyanide leaching; carbon adsorption/activation tests; direct cyanide leach testwork; carbon-in-leach tests; agglomeration tests; roast calcine tests; magnetic separation testwork; bench-top roaster followed by carbon-in-leach (CIL) testwork; bench-top acid and alkaline pressure leach tests followed by CIL tests; calcium thiosulfate and resin leach tests; bench-top acid and alkaline pressure leach tests followed by thiosulfate resin-in-leach testwork; sulfidization, acidification, re-neutralization, and thickening (SART) testwork; reagent consumption reviews; impurity reviews; standard autoclaving and leach tests; grindability (comminution) tests (including SMC, breakage parameter, Bond work index, crusher work index, abrasion index, unconfined compressive strength, semi-autogenous grind (SAG) power index); rheology and settling testwork; batch and pilot plant tests; flotation and gravity testwork. These test programs were sufficient to establish the optimal processing routes for the non- refractory and refractory ores, and the weathering state of the ores (oxide, leached, enriched, transition, sulfide), and was performed on mineralization that was typical of the deposits. The results obtained supported estimation of recovery factors for the various ore types depending on the process method selected. Numerous processing methods are used within the Nevada Operations, including CIL for higher- grade oxide ore, heap leaching for lower-grade oxide ore, roasting for carbonaceous refractory ore, pressure oxidation (POX) for single refractory sulfidic ore, and gravity and flotation concentration.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 10-2 Future ore testing is completed according to the needs of the optimized blend planning for the combined NGM operations. A sampling matrix of ore types and grade/chemistry ranges is developed to determine an appropriate number of composites for required metallurgical testwork. Master composites are generated from the variability composites to identify any negative or positive synergies that could result from mixing ore types. Current ore testing is completed monthly by performing testwork on feed stockpile samples. The stockpile samples are taken weekly and composited at the end of the month for appropriate amenability testwork. The stockpile metallurgical testwork is completed by individual source so that recovery results can be compared to budget/reserve recoveries and predicted recoveries adjusted as needed. 10.3 Recovery Estimates Gold recovery is a function of the processing method (e.g., heap leaching, CIL, roasting, and arsenic concentration for refractory ore) and the lithology of the mineralization being processed. As applicable, recovery estimates include consideration of the head grade, cyanide-soluble gold to fire assay gold ratio, sulfide sulfur concentration, total organic carbon concentration, and arsenic concentration. Copper recovery models were derived from a statistical review of the metallurgical data and range in complexity from simple, fixed recoveries to complex, multi-variable equations. The following input variables were available as possible drivers of recovery: head grade, copper leach ore type, alteration type, formation, and various trace elements. Recovery ranges projected for the LOM operations include: • Gold: o Oxide leach: 35–75%; o Oxide mill: 72–89%; o Goldstrike roaster: 84–90%; o Goldstrike autoclave: 74–85%; o Gold Quarry roaster: 71–89%; o Sage (Turquoise Ridge) autoclave: 84–91%; o Phoenix mill: 71–78%; • Copper: o Phoenix mill: 69–73%; o Copper leach: 40–52%; • Silver: o Phoenix mill: average 38%.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 10-3 10.4 Metallurgical Variability Samples selected for metallurgical testing during feasibility and development studies were representative of the various styles of mineralization and geochemical variability within the different deposits. Samples were selected from a range of locations within the deposits including adjacent waste dilution. Sufficient samples were taken, and tests were performed using sufficient sample mass for the respective tests undertaken. Variability assessments are supported by production and extensive open pit and underground exposures. 10.5 Deleterious Elements Depending upon the specific processing facility, several processing factors or deleterious elements could have an economic impact on extraction efficiency of a certain ore source, based either on the presence, absence, or concentration of the following constituents in the processing stream: • Organic carbon; • Sulfide sulfur; • Carbonate carbon; • Arsenic • Mercury; • Antimony; • Copper. However, under normal ore routing and blending practices at NGM where material from several sites may be processed at one facility, the above list of constituents is typically not a concern. At Phoenix specific consideration is given to the deleterious elements cadmium, lead, and zinc, because there are sales contract limits for the concentrate for those elements. Levels are typically managed through sampling and ore blending. 10.6 Qualified Person’s Opinion on Data Adequacy Industry-standard studies were performed as part of process development and facility designs. Subsequent production experience and focused investigations guided facility alterations and process changes where required. Testwork programs, both internal and external, continue to be performed to support current operations and potential improvements. From time to time, this may lead to requirements to adjust cut-off grades, modify the process flowsheet, or change reagent additions and process parameters to meet production, and economic targets.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 10-4 Based on these checks, the metallurgical testwork and reconciliation and production data support the estimation of mineral resources and mineral reserves, and the inputs to the economic analysis. The facilities will produce variations in recovery due to the day-to-day changes in ore type or combinations of ore type being processed. These variations are expected to trend to the forecast recovery value for monthly or longer reporting periods.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 11-1 11.0 MINERAL RESOURCE ESTIMATES 11.1 Introduction Mineral resources were estimated for the deposits listed in Table 2-1. The close-out date for the databases used in the various mineral resource estimates depend on the deposit. Geology models were constructed by Nevada Operations personnel. Estimation was typically performed by Nevada Operations personnel. All mineralogical, drilling, and background data and information were provided to the estimators by the geological staff at the operations or by exploration staff. 3D models were developed using Leapfrog, with surface and volume wireframes interpreted to represent important structural and stratigraphic features and mineralization domains. Stratigraphic logging and geochemical assays were the primary drivers for the geological modelling; however, geological mapping, structural logging, and other assay data were also used to guide the interpretation. Block sizes were based on the drill hole spacing, deposit geometry, and the potential mining method. Parent block sizes for assumed open pit operations included: 30 x 30 x 20 ft, 40 x 40 x 20 ft, 50 x 50 x 20 ft; with sub-cells, where necessary, at, 10 x 10 x 10 ft. Underground parent block sizes included 10 x 10 x 15 ft, 20 x 20 x 20 ft, 40 x 40 x 40 ft, 30 x 30 x 20 ft, 50 x 50 x 25 ft; with sub-cells, where necessary, at 10 x 10 x 10 ft, and 5 x 5 x 5 ft. 11.2 Exploratory Data Analysis Exploratory data analytical methods varied by complex. Typically, data analysis was completed on raw and composited data to determine statistics for sample populations within domains, and the mean, maximum, minimum values, standard deviation and coefficients of variance were tabulated. Exploratory data analysis could be used to determine estimation domains, evaluate composite lengths, identify any grade outliers and to select appropriate top cut values for each of the domains and to determine estimation parameters. The analysis tools applied could include for capping and estimation parameter investigation: histogram plots, log probability plots, mean and co-efficient of variation (CV) curves to look for distribution breakdown, indicator correlation, contact analysis, visual checking and metal impact. 11.3 Geological Models Geologic modeling used lithologies, structures, alteration, mineralization, and grade shells at various cut-offs to build a three-dimensional (3D) interpretation of the major features controlling the deposits. These interpretations used all available information as a basis, including drill assays and logs, geochemical relationships, mapping, and current understanding of mineralization genesis in the region. Within the interpreted geologic framework, estimation domains were developed through collaboration between the project geologists and modelers.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 11-2 11.4 Density Assignment Density values were typically assigned based on lithology; alternatively, a tonnage factor could be applied to material designated as either ore or waste. Where sufficient local data were available, density was estimated using similar data analysis, estimation, and validation methods as for other estimated elements. 11.5 Grade Capping/Outlier Restrictions Grade caps were applied based on the results of the exploratory data analysis. High-grade anomalous values were controlled through the use of top-cutting and/or spatial estimation restrictions, applied by deposit and domain. 11.6 Composites Composite lengths varied by complex and project, based on block sizes, sample lengths, and estimation workflow, including: • Open pit: 10 ft, 15 ft, 20 ft, 30 ft; • Underground: 5 ft, 10 ft. 11.7 Variography Variographic analyses were completed by domain, using Snowden Supervisor, Vulcan, or Sage software, or GSLib/CCG programs, to determine a 3D model of spatial continuity. Variogram or correlogram models were fitted to experimental variograms where sufficient data existed within the domain. Search ellipses for use in the various estimation passes were scaled according to the relative axis dimensions and orientations for each estimation domain. Visual checks were completed in 3D, using Vulcan or Leapfrog, of the search ellipses against the underlying geologic model and interpreted mineralization controls to ensure consistency. 11.8 Estimation/interpolation Methods Estimation and interpolation methods varied by deposit, domain, and estimation element. The following methods were used: ordinary kriging (OK), inverse distance weighting to the second power (ID2), inverse distance weighting to the third power (ID3). Typically, alternate grade interpolations (including nearest neighbor) were performed for use in model validation and sensitivity testing. Depending on the deposit, interpolation was performed in multiple (usually 2–3) passes. Search neighborhoods were based on variography, and drill spacing. Minimum and maximum numbers of informing samples varied by deposit, as did the number of samples allowed to be used from a single drill hole: • Minimum number of informing samples: 1–15;

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 11-3 • Maximum number of informing samples: 4–30; • Maximum number of informing samples from a single drill hole: 1–3. Dynamic anisotropy was used in most estimations to improve alignment of the local sample search ellipse with changes in the strike, dip, and plunge orientation of the mineralization. Block models were flagged for mining depletion. A depleted version was completed with blocks within previously-mined areas depleted for grades and densities. Where areas were back-filled, these blocks were coded by fill type and their density reset to reflect the fill type. 11.9 Validation Mineralization solids were checked for conformity to drill hole data, continuity, similarity between sections, overlaps, appropriate terminations between holes and into undrilled areas. Validation procedures were undertaken on the estimations. These could include comparison of global mean grades, visual comparisons to composite grades, comparisons to reconciliation (when available), comparison with theoretical support-corrected grade distributions, grade- tonnage curves, slope of regression calculations, comparison to NN analysis and swath plots. No significant biases were noted from the checks. 11.10 Confidence Classification of Mineral Resource Estimate Blocks were classified in the model, based on relative confidence in the estimated grades, into measured, indicated, and inferred. Criteria for classification were defined within each deposit, and based on various combinations of: • Proximity to nearby drilling data (distances to nearest 1, 2, or 3 drill holes); • Geostatistical drill spacing studies; • Qualitative assessment of confidence in the underlying geologic interpretations; • Historical classification assignments; • Classification smoothing algorithms. Local zones could be manually reclassified, using solids where required, due to lower or higher confidence in the interpretation or estimate. 11.11 Reasonable Prospects of Economic Extraction For each resource estimate, an initial assessment was undertaken that assessed likely infrastructure, mining, and process plant requirements; mining methods; process recoveries and throughputs; environmental, permitting and social considerations relating to the proposed mining and processing methods, and proposed waste disposal, and technical and economic considerations in support of an assessment of reasonable prospects of economic extraction.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 11-4 11.11.1 Input Assumptions Mineralization considered potentially amenable to open pit mining methods was constrained within an optimized open pit shell created with various software packages and algorithms, such as Vulcan TSS LG Limit Pseudoflow, Deswik Pseudoflow, Deswik.GO, and Whittle Pseudoflow. Mineralization considered potentially amenable to underground mining methods was constrained within mineable shapes generated using Deswik stope optimizer (DSO) software. Resource price guidance, and other cost and geotechnical inputs, consistent with those applied to the estimation of mineral reserves, are used as inputs to the mineral resource optimizations. Key parameters used to constrain the mineral resource estimates are summarized in Table 11-1 (open pits) and Table 11-2 (underground). Tonnages in the tables are metric tonnes. 11.11.2 Commodity Price Barrick, as operator of the NGM JV, provides the commodity price guidance. An explanation of the derivation of the commodity prices is provided in Chapter 16.2. The estimated timeframe used for the price forecasts is the 23-year LOM that supports the mineral reserve estimates. 11.11.3 Cut-off The mineral resource estimates are reported at varying gold grade cut-off values, which are based on the material type being mined, the mining method and the designated process facility. As a result, cut-off values can vary significantly by material type. Gold cut-off grades were included in Table 11-1 and Table 11-2. Revenue from the Phoenix Complex is generated from three products: gold, silver, and copper. A revenue cut-off, rather than a grade cut-off, is used that integrates the economics (recovery, metal prices, and costs) of all three metals. 11.11.4 QP Statement The QP is of the opinion that any issues that arise in relation to relevant technical and economic factors likely to influence the prospect of economic extraction can be resolved with further work. The mineral resource estimates are performed for deposits that are in a well-documented geological setting; the district has seen over 60 years of active open pit operations and more than 30 years of underground mining operations conducted by Newmont, Barrick and NGM; Newmont is familiar with the economic parameters required for successful operations in the Nevada Operations area; and Newmont, Barrick and NGM have a history of being able to obtain and maintain permits, social license and meet environmental standards in Nevada. The 23-year timeframe required to mine the mineral reserve estimates is considered sufficient to address any issues that may arise with the mineral resource estimates.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 11-5 Table 11-1: Open Pit Input Parameters (mineral resources) Economic Parameters Units Carlin Complex Cortez Complex Phoenix Complex Turquoise Ridge Complex Minimum Maximum Minimum Maximum Minimum Maximum Minimum Maximum Gold price US$/oz 1,900 1,900 1,900 1,900 1,900 1,900 1,900 1,900 Royalties % — 16.2 3.09 12.5 — — — 2 Discount rate % — — — — 5 5 — — Mining cost US$/t 3.51 3.51 2.28 3.78 2.93 3.21 3.11 3.11 G&A cost US$/t 0.35 0.35 0.22 3.52 0.26 1.10 0.92 4.96 Process cost US$/t 9.35 41.21 2.31 39.60 2.58 11.01 5.71 44.16 Process recovery % 57 85 18 88 64 66 63 96 Pit slope angles degrees 5 46 25 51 30 51 38 42 Cut-off grades g/t Au 0.27 0.83 0.17 1.34 NA NA 0.17 1.41 Note: G&A = general and administrative. NA = not applicable. Mineral resources are Phoenix are reported using a net smelter return cut-off. Tonnages are metric tonnes.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 11-6 Table 11-2: Underground Input Parameters (mineral resources) Economic Parameters Units Carlin Complex Cortez Complex Turquoise Ridge Complex Minimum Maximum Minimum Maximum Minimum Maximum Gold price US$/oz 1,900 1,900 1,900 1,900 1,900 1,900 Royalties % — 3 2.486 2.621 — — Discount rate % — — — — — — Mining cost US$/t 100.67 286.53 80.39 160.23 163.55 214.94 G&A cost US$/t 13.89 32.88 12.64 22.43 21.41 27.06 Process cost US$/t 27.56 31.35 16.21 33.32 44.16 44.16 Process recovery % (average) 76 89 84 80 77 81 Cut-off grades g/t Au 3.13 6.88 2.87 4.76 5.14 6.12 Note: G&A = general and administrative. NA = not applicable. Tonnages are metric tonnes.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 11-7 11.12 Mineral Resource Statement Mineral resources are reported using the mineral resource definitions set out in SK1300. The point of reference for the estimate is the point of delivery to the process facilities. Mineral resources are reported exclusive of those mineral resources converted to mineral reserves. Mineral resources are reported on a 100% basis. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. The mineral resource estimates for the Nevada Operations are provided as follows: • Gold: Table 11-3 and Table 11-4; • Silver: Table 11-5 (measured and indicated) and Table 11-6 (inferred); • Copper: Table 11-7 (measured and indicated) and Table 11-8 (inferred). 11.13 Uncertainties (Factors) That May Affect the Mineral Resource Estimate Areas of uncertainty that may materially impact all of the mineral resource estimates include: • Changes to long-term metal price and exchange rate assumptions; • Changes in local interpretations of mineralization geometry such as pinch and swell morphology, extent of brecciation, presence of unrecognized mineralization off- shoots; faults, dykes and other structures; and continuity of mineralized zones; • Changes to geological and grade shape, and geological and grade continuity assumptions; • Changes to variographic interpretations and search ellipse ranges that were interpreted based on limited drill data, when closer-spaced drilling becomes available; • Changes to the estimation methodology; • Changes to metallurgical recovery assumptions; • Changes to the input assumptions and optimization methods used to derive the potentially-mineable shapes applicable to the assumed underground and open pit mining methods used to constrain the estimates; • Changes to the forecast dilution and mining recovery assumptions; • Changes to the cut-off values applied to the estimates; • Variations in geotechnical (including seismicity), hydrogeological and mining method assumptions; • Changes to environmental, permitting and social license assumptions.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 11-8 Table 11-3: Measured and Indicated Mineral Resource Statement (Gold) Complex Measured Mineral Resources Indicated Mineral Resources Measured and Indicated Mineral Resources Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Carlin 7,800 1.12 300 91,500 3.27 9,600 99,300 3.10 9,900 Cortez 1,000 2.82 100 87,200 1.84 5,100 88,200 1.85 5,200 Turquoise Ridge 1,300 10.56 400 33,600 2.87 3,100 35,000 3.16 3,500 Phoenix — — — 255,200 0.41 3,400 255,200 0.41 3,400 Total 10,100 2.51 800 467,600 1.41 21,300 477,700 1.44 22,100 Table 11-4: Inferred Mineral Resource Statement (Gold) Complex Inferred Mineral Resources Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Carlin 81,100 3.6 9,300 Cortez 75,300 2.2 5,400 Turquoise Ridge 29,400 2.6 2,500 Phoenix 26,800 0.4 300 Total 212,500 2.6 17,500

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 11-9 Table 11-5: Measured and Indicated Mineral Resource Statement (Silver) Complex Measured Mineral Resources Indicated Mineral Resources Measured and Indicated Mineral Resources Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Phoenix — — — 255,200 5.64 46,300 255,200 5.64 46,300 Total — — — 255,200 5.64 46,300 255,200 5.64 46,300 Table 11-6: Inferred Mineral Resource Statement (Silver) Complex Inferred Mineral Resources Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Phoenix 26,800 4.2 3,600 Total 26,800 4.2 3,600

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 11-10 Table 11-7: Measured and Indicated Mineral Resource Statement (Copper) Area Measured Mineral Resources Indicated Mineral Resources Measured and Indicated Mineral Resources Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Phoenix — — — 295,400 0.17 500 295,400 0.17 500 Total — — — 295,400 0.17 500 295,400 0.17 500 Table 11-8: Inferred Mineral Resource Statement (Copper) Area Inferred Mineral Resources Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Phoenix 28,700 0.2 0 Total 28,700 0.2 0 Notes to Accompany Mineral Resource Tables: 1. Mineral resources are current as at December 31, 2024, using the definitions in SK1300. The Qualified Person responsible for the estimate is Mr. Donald Doe, RM SME, Head, Reserves Governance, a Newmont employee. 2. The reference point for the mineral resources is in situ. 3. Mineral resources are reported on a 100% basis. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. 4. Mineral resources are reported exclusive of mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. 5. Mineral Resources that are potentially amenable to open pit mining methods are constrained within a pit shell. Mineral Resources that are potentially amenable to underground mining methods are constrained within conceptual stope designs. Parameters used are summarized in Table 11-1 and Table 11-2. 6. Tonnages are metric tonnes rounded to the nearest 100,000. Gold and silver grades are rounded to the nearest 0.01 gold grams per tonne. Copper grade is in %. Gold and silver ounces and copper tonnes are estimates of metal contained in tonnages and do not include allowances for processing losses. Contained (cont.) gold and silver ounces are reported as troy ounces, rounded to the nearest 100,000. Copper is reported as tonnes and rounded to the nearest 100 thousand tonnes. Rounding of tonnes and contained metal content as required by reporting guidelines may result in apparent differences between tonnes, grade and contained metal content. Due to rounding, some cells may show a zero (“0”). Totals may not sum due to rounding.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 11-11 Specific factors that may affect individual estimates include: • Cortez Complex: Mineralization at the Robertson deposit is genetically different to the mineralization currently mined within the Cortez Complex. Additional metallurgical testwork is planned, and results from this work may impact options for processing the mineralization and subsequent recovery expectations.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 12-1 12.0 MINERAL RESERVE ESTIMATES 12.1 Introduction Measured and indicated mineral resources were converted to mineral reserves. Inferred mineral resources were excluded from the mineral reserves. Mineral reserves in the Nevada Operations area were estimated for the Carlin, Cortez, Phoenix and Turquoise Ridge complexes using open pit mining, and the Carlin, Cortez, and Turquoise Ridge complexes using underground mining. Stockpiled material was also included in the mineral reserve estimates. 12.2 Open Pit Estimates NGM’s open pit mine designs were generally based on optimized open pit shells created with various software packages and algorithms such as Vulcan TSS LG Limit Pseudoflow, Deswik Pseudoflow, Deswik.GO, and Whittle Pseudoflow. Optimized pit shells were created at a series of gold prices, and the pit shells were evaluated using the following metal prices: • Gold: US$1,400/oz Au; • Silver: US$20/oz Ag (Phoenix only); • Copper: US$3.00/lb Cu (Phoenix only). Pit shells served as guides when creating detailed pit designs that considered additional factors such as minimum mining widths, detailed haulage ramp designs, and pit-specific geotechnical or hydrogeological parameters. Operating costs for mining, processing, and general and administrative were developed as part of the mine business planning process. The cost build-up considered planned physical quantities included in the mine plan and included consumables, mobile equipment maintenance, fixed asset maintenance, and contractor costs, and overhead expenses. Dilution and extraction for the open pits were addressed by using whole blocks, without any additional external factors. The block models were constructed to include the expected dilution based on mining method, bench height and other factors. The current mine and process reconciliation data support assumptions made. Input parameters used are summarized in Table 12-1.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 12-2 Table 12-1: Input Parameters, Open Pit (mineral reserves) Economic Parameters Units Carlin Complex Cortez Complex Phoenix Complex Turquoise Ridge Complex Minimum Maximum Minimum Maximum Minimum Maximum Minimum Maximum Gold price US$/troy oz 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,400 Royalties % — 16.2 3.09 12.5 — — — 2 Discount rate % — — — — 5 5 — — Mining cost US$/t 3.51 3.51 2.28 3.78 2.93 3.21 2.63 2.63 G&A cost US$/t 0.34 0.34 0.22 3.52 0.26 1.10 0.24 1.71 Process cost US$/t 9.35 41.21 2.31 39.60 2.58 11.01 1.71 43.28 Process recovery % 57 85 18 88 70 72 63 96 Pit slope angles (IRA) º 6 47 25 51 30 51 38 42 Cut-off grades g/t Au 0.37 1.88 0.24 1.75 NA NA 0.17 1.32 Note: NA = not applicable because the Phoenix complex estimates are reported using a net smelter return cut-off. Tonnages are metric tonnes.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 12-3 12.3 Underground Estimates Underground mines were designed with varying mining methods depending on geotechnical conditions, access considerations, the deposit shape/orientation, grade, and mining depth. Common underground mining methods used include: • Long-hole open stoping; • Underhand drift-and-fill; • Overhand drift-and-fill. Both long-hole and drift-and-fill stopes were created using DSO software. DSO was used to evaluate the gold grades in the geological resource block model together with stope design input parameters such as stope orientation, stope widths, stope heights, minimum/maximum stope lengths, minimum pillar distance, permissible side wall and end wall angles, and cut-off grades. The software created mineable underground stope shapes that met the stope geometry and grade parameters. Where applicable, waste or low-grade blocks were included in the stope shapes as internal dilution. Mine designs were completed by adding the necessary capital and operating development needed to access the DSO stopes and the infrastructure designs needed to facilitate material handling (muck-bays, ore-passes, conveyors), together with other infrastructure such as ventilation drifts and raises, paste reticulation network, shops/maintenance bays, electrical installations, and pump stations. The resulting development and stope solids were interrogated against the block model to assign physical quantities to each individual mining task (e.g. ore tonnes, grade, ounces, backfill type, backfill tonnes, development meters, mining dilution, mining recovery, processing recovery, and recovered ounces). The solids/tasks were then linked to appropriately describe predecessor/successor relationships. With the physical quantities associated with the task, revenue and cost data were assigned to each individual mining task (e.g., development cost, mining cost, backfill cost, processing cost, refining cost, gold revenue, royalty costs). Once that step was completed, a net value (revenue minus costs) was determined for each individual mining task. Mineral reserves included adjustments for dilution and mining recovery, which were based on historical reconciliation data and/or reasonable assumptions for a particular mining method/area. Mineral reserve estimates for underground mines included the measured and indicated mineral resources (proven and probable mineral reserves) in detailed mine designs that maximized the cumulative net value of the overall mine design at the specified mineral reserve gold price as determined by the Pseudoflow algorithm. Input parameters used for underground mines are summarized in Table 12-2.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 12-4 Table 12-2: Input Parameters, Underground (mineral reserves) Economic Parameters Units Carlin Complex Cortez Complex Turquoise Ridge Complex Minimum Maximum Minimum Maximum Minimum Maximum Gold price US$/troy oz 1,400 1,400 1,400 1,400 1,400 1,400 Royalties % — 3 2.486 2.621 — — Discount rate % — — — — — — Mining cost US$/t 67.30 194.44 80.39 141.98 133.96 191.00 G&A cost US$/t 10.26 16.36 9.89 18.91 16.82 18.54 Process cost US$/t 27.56 31.35 16.21 34.28 44.16 44.16 Process recovery % (average) 77 89 80 91 79 83 Cut-off grades g/t Au 3.15 6.61 3.04 5.46 5.47 6.8 Note: G&A = general and administrative. Tonnages are metric tonnes. 12.4 Cut-offs Cut-off grades were determined based on a combination of the selected metal price, applicable royalty payments, mining costs, process operating costs, and on-site (and off-site) metal recoveries by material type, selected process method, and mining method. Gold cut-off grades were included in Table 12-1 and Table 12-2. Revenue from the Phoenix Complex is generated from three products: gold, silver, and copper. A revenue cut-off, rather than a grade cut-off, was used that integrated the economics (recovery, metal prices, and costs) of all three metals. The mineral reserves for the Phoenix Complex were reported above a zero-dollar net revenue cut-off. 12.5 Stockpiles Stockpile estimates were based on mine dispatch data; the grade comes from closely-spaced production sampling in the mines and tonnage sourced from equipment tonnage factors or weightometer records for material hauled to/from each stockpile. The stockpile volumes were updated based on monthly surveys, and the average grade of the stockpiles was adjusted based on the material balance to and from the stockpile. 12.6 Commodity Prices Barrick, as operator of the NGM JV, provides the commodity price guidance. An explanation of the derivation of the commodity prices is provided in Chapter 16.2. The estimated timeframe used for the price forecasts is the 23-year LOM that supports the mineral reserve estimates.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 12-5 The estimated timeframe used for the price forecasts was the 23-year LOM. 12.7 Mineral Reserve Statement Mineral reserves were classified using the mineral reserve definitions set out in SK1300. Mineral reserves are current as at December 31, 2024. The reference point for the mineral reserve estimate is as delivered to the process facilities. Mineral reserves are reported on a 100% basis. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. Mineral reserves are reported in Table 12-3 for gold, Table 12-4 for silver, and in Table 12-5 for copper. Tonnages in the table are metric tonnes. 12.8 Uncertainties (Factors) That May Affect the Mineral Reserve Estimate Areas of uncertainty that may materially impact the mineral reserve estimates include: • Changes to long-term metal price and exchange rate assumptions; • Changes to metallurgical recovery assumptions; • Changes to the input assumptions used to derive the mineable shapes applicable to the assumed underground and open pit mining methods used to constrain the estimates; • Changes to the forecast dilution and mining recovery assumptions; • Changes to the cut-off values applied to the estimates; • Variations in geotechnical (including seismicity), hydrogeological and mining method assumptions; • Changes to environmental, permitting and social license assumptions.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 12-6 Table 12-3: Proven and Probable Mineral Reserve Statement (Gold) Area Proven Mineral Reserves Probable Mineral Reserves Proven and Probable Mineral Reserves Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Au) Cont. Gold (x 1,000 oz) Carlin 6,700 1.66 400 125,800 3.73 15,100 132,500 3.62 15,400 Cortez 1,600 2.78 100 148,200 2.79 13,300 149,900 2.79 13,500 Turquoise Ridge 36,100 4.82 5,600 43,200 6.42 8,900 79,400 5.69 14,500 Phoenix 8,400 0.64 200 141,900 0.63 2,900 150,300 0.63 3,100 Total 52,900 3.69 6,300 459,100 2.72 40,200 512,000 2.82 46,500 Table 12-4: Proven and Probable Mineral Reserve Statement (Silver) Area Proven Mineral Reserves Probable Mineral Reserves Proven and Probable Mineral Reserves Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Tonnage (x 1,000 t) Grade (g/t Ag) Cont. Silver (x 1,000 oz) Phoenix 8,400 7.87 2,100 141,900 7.78 35,500 150,300 7.78 37,600 Total 8,400 7.87 2,100 141,900 7.78 35,500 150,300 7.78 37,600

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 12-7 Table 12-5: Proven and Probable Mineral Reserve Statement (Copper) Area Proven Mineral Reserves Probable Mineral Reserves Proven and Probable Mineral Reserves Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Tonnage (x 1,000 t) Grade (Cu %) Cont. Copper (x 1,000 t) Phoenix 11,200 0.16 0 184,500 0.18 300 195,700 0.18 300 Total 11,200 0.16 0 184,500 0.18 300 195,700 0.18 300 Notes to Accompany Mineral Reserve Tables: 1. Mineral reserves are current as at December 31, 2024. Mineral reserves are reported using the definitions in SK1300. The Qualified Person responsible for the estimate is Mr. Donald Doe, RM SME, Head, Reserves Governance, a Newmont employee. 2. The point of reference for the estimates is the point of delivery to the process facilities. 3. Mineral reserves are reported for Nevada Gold Mines on a 100% basis. Barrick owns a 61.5% joint venture interest, with Newmont owning the remaining 38.5% joint venture interest. 4. Mineral reserves that will be mined using open pit mining methods are constrained within a designed pit shell. Mineral reserves that will be mined by underground mining methods are constrained within stope designs. Parameters used are summarized in Table 12-1 and Table 12-2. 5. Tonnages are metric tonnes rounded to the nearest 100,000. Gold and silver grades are rounded to the nearest 0.01 gold grams per tonne. Copper grade is in %. Gold and silver ounces and copper tonnes are estimates of metal contained in tonnages and do not include allowances for processing losses. Contained (cont.) gold and silver ounces are reported as troy ounces, rounded to the nearest 100,000. Copper is reported as tonnes and rounded to the nearest 100 thousand tonnes. Rounding of tonnes and contained metal content as required by reporting guidelines may result in apparent differences between tonnes, grade and contained metal content. Due to rounding, some cells may show a zero (“0”). Totals may not sum due to rounding.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-8 13.0 MINING METHODS 13.1 Introduction Open pit mining is conducted using conventional techniques and an owner-operated conventional truck and shovel fleet. Open pit operations include the following 10 open pits: South Arturo, Goldstrike, Gold Quarry, Cortez Pits, Pipeline, Crossroads, Robertson, Phoenix, Vista, and Mega. Underground mining is currently conducted using conventional stoping methods, and conventional mechanized equipment. Underground operations include the following nine underground mines: El Niño, Goldstrike, Exodus, Leeville, Rita K, Pete Bajo, Cortez Hills, Goldrush, and Turquoise Ridge. 13.2 Geotechnical Considerations Nevada Operations personnel and external consultants completed geotechnical studies and provided geotechnical recommendations that form the basis for open pit and underground designs. Ground control management plans were developed, and are regularly updated. Designs use defined geotechnical domains together with rock mass quality ratings for the principal lithologies and appropriate design criteria that reflect expected conditions and risk. Geotechnical models are a compilation of information sourced from geotechnical cell mapping, geological mapping, core logging, and supplementary drilling designed to intersect areas of geotechnical interest, material strength, highwall and stope performance, and hydrogeological data. 13.2.1 Open Pit Inter-ramp angles vary by deposit and pit wall lithology, as shown in Table 13-1. The Nevada Operations undertake regular monitoring of pit walls through geotechnical cell mapping, geological structure mapping, groundwater monitoring, bench inspections, slope stability and slope movement analyses, continuously-monitored radar systems with alarms, and (occasionally) InSAR satellite data. 13.2.2 Underground Stope designs included empirical assessments of maximum hydraulic radii and man-entry opening spans to determine maximum lengths, widths, heights and whether the backs or end- walls were to be unsupported or supported. Stope pillars sizes were analyzed to determine the most suitable pillar sizes for the ground conditions and expected mining methods. All trafficable underground excavations have minimum requirements for ground support installation. The determination of supportable loads is typically based on a dead load analysis which assesses the potential dislodgement height above an excavation as a proportion of the excavation span. For mine drifts the potential dead load failure height is assumed to form an Isosceles wedge with a maximum apex height of ½ of the excavation span.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-9 Table 13-1: Open Pit Slope Angles Complex Inter-Ramp Slope Angle Range (º) Carlin 6–47 Cortez 25–51 Phoenix 30–51 Turquoise Ridge 38–42 Carlin 6–47 The embedment capacity of rock bolts beyond the assumed failure surface only contributes to the retention force available. Retention forces are designed to exceed driving forces by at least 50% (i.e., a factor of safety of 1.5). The intersection of two mine drifts and the resultant increased span uses a similar design philosophy. For mine intersections the assumed maximum apex height is ⅓ of the excavation span. The design process follows the guidelines proposed by Pakalnis (2015). Trafficable opening dimensions are specified in each underground site’s Ground Control Standards. These standards are reviewed and approved annually and describe the minimum ground support requirements for each planned excavation type. Excavations that are designed outside of these standards require engineering of a site-specific design. Mining methods employed at underground sites include either drift-and-fill or long-hole open stoping methods, or a combination of the two. The mining method selection is based on the expected ground conditions from either a rock mass classification block model or by reviewing drill core information. All sites have or a working towards developing site specific stability charts that follow the methodology originally proposed by Mathew et al., (1981). Underground mines also utilized an engineering cemented rock fill and/or cemented paste backfill to fill completed excavations. These cemented backfill types are engineered to maintain stable excavations when mining occurs adjacent to the cemented backfill. In some cases, where mining will not be completed adjacent to backfilled excavations, uncemented waste fill is used to fill excavations. At certain sites, adjustments to mining methods are in process to reflect updated understanding of rock mass conditions. 13.3 Hydrogeological Considerations The Nevada Operations have hydrogeological models constructed for key operational areas, used to predict the rate of dewatering and for well-location planning. The models are periodically updated. In areas where underground operations are in proximity to open pit mines, the water levels are typically well below the pit bottom due to underground dewatering. Dewatering of aquifers within limestone units is required for many of the mines. Pumping rates are controlled to dewater these aquifers based on pit-floor advance or level advance. In other

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-10 mines, faults provide segmentation of water-bearing materials. In those instances, hydrogeological domains that are separated from existing dewatering systems are depressurized using a combination of pumping wells and drains. Perched water can be encountered near fault zones and dykes. Dewatering wells are established both within and outside of the pits, and undergo regular inspections. 13.4 Operations 13.4.1 Open Pit Ultimate pit designs were developed using optimized pit shells as guidance. The pit limits incorporate geotechnical and hydrogeological recommendations into final high walls and are designed to include ramps and access to haulage routes to waste rock storage facilities (WRSFs) and processing facilities. Some deposits include phased pit designs which are used to sequence the mining operation. Phases are designed to optimize the economics of the operation and/or provide access to selected ore for blending purposes. Haul road widths for two-way travel range from 90–150 ft (depending on the haul trucks in-use in the pit) with a maximum grade of 10%. For single-lane haul roads, a minimum road width of 65– 80 ft could be used for the bottom benches of the pit (again dependent on the type of haul trucks in-use in the pit). Bench heights typically vary from 20–40 ft, and can be 60 ft where triple- benching is employed. Some Cortez open pits use 50 ft bench heights; with 100 ft benches where double-benching is employed. Blast patterns are laid out according to material type using rock type designations. Ore grade and type control is performed by sampling each blast hole unless mining is within a known waste zone. Ore control boundaries are staked and flagged in the field and delivered to a GPS-based system for each loading unit. The final open pit layouts for the open pit mining operations are provided in Figure 13-1 to Figure 13-3 (Carlin Complex), Figure 13-4 to Figure 13-7 (Cortez Complex), Figure 13-8 and Figure 13-9 (Phoenix Complex), and Figure 13-10 and Figure 13-11 (Turquoise Ridge Complex). 13.4.2 Underground Underground mining is mechanized, using large-scale equipment. The most common mining methods are a combination of long-hole stoping with drift-and-fill mining variants with cemented rock fill or paste backfill (Table 13-2). Long-hole stopes can be either transverse or longitudinal, depending on mineralization geometry and ground conditions. Transverse long-hole stopes are typically designed at various heights ranging from 45–100 ft (sill-to-sill), based on the existing and planned sill development levels used in the active mining areas. Stope widths are designed at varying distances, from 15–50 ft, based on the ground conditions at each underground mine.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-11 Figure 13-1: Final Mine Layout Plan, South Arturo, Carlin Complex Note: Figure prepared by NGM, 2024.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-12 Figure 13-2: Final Mine Layout Plan, Goldstrike, Carlin Complex Note: Figure prepared by NGM, 2024.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-13 Figure 13-3: Final Mine Layout Plan, Gold Quarry, Carlin Complex Note: Figure prepared by NGM, 2024.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-14 Figure 13-4: Final Mine Layout Plan, Cortez Open Pit Note: Figure prepared by NGM, 2024.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-15 Figure 13-5: Final Mine Layout Plan, Pipeline Note: Figure prepared by NGM, 2024.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-16 Figure 13-6: Final Mine Layout Plan, Crossroads Note: Figure prepared by NGM, 2024.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-17 Figure 13-7: Final Mine Layout Plan, Robertson Note: Figure prepared by NGM, 2024.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-18 Figure 13-8: Final Mine Layout Plan Bonanza Open Pit, Phoenix Complex Note: Figure prepared by NGM, 2024.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-19 Figure 13-9: Final Mine Layout Plan, Fortitude Open Pit, Phoenix Complex Note: Figure prepared by NGM, 2024

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-20 Figure 13-10: Final Mine Layout Plan, Vista, Turquoise Ridge Complex Note: Figure prepared by NGM, 2024.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-21 Figure 13-11: Final Mine Layout Plan, Mega Pit, Turquoise Ridge Complex Note: Figure prepared by NGM, 2024.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-22 Table 13-2: Underground Mining Methods Site Long Hole Open Stoping Drift-and-Fill Backfill Type Underhand Overhand Paste Fill Cemented Rock Fill Mine Waste Fill South Arturo/ El Niño X X X X X Goldstrike X X X X X X Exodus X X X Leeville X X X X X X Rita K X X X X X Pete Bajo X X X X X Cortez Hills X X X X X Gold Rush X X X Turquoise Ridge X X X X X The overall stope length is typically aligned with the transverse dimension of the ore; and, depending on ground conditions, can vary widely from 20–300 ft. There are two main variants of drift-and-fill mining used at NGM operations: • Underhand drift-and-fill; • Overhand drift-and-fill. Other variants of stoping, such as back stoping and benching may be used, based on ground conditions and the geometry of the ore zones. Depending on the operation, material is loaded into haul trucks and hauled to surface using declines, or hoisted via shafts. Three of the NGM underground mines use shafts: Goldstrike underground, Leeville, and Turquoise Ridge underground. Goldstrike underground and Leeville underground can also be accessed via portals and declines. Turquoise Ridge underground is currently the only NGM underground mine that is accessible only via its multiple shafts. Backfill is generated by surface batch/paste plants or underground batch plants. Backfill materials can include quarried crushed rock, crushed open pit waste rock, run-of-mine open pit or underground waste rock, or tailings. Cement and fly ash are used as binders. Minor amounts of uncemented backfill are used at all operations where appropriate. Ventilation air is typically delivered via shafts or declines, ramps and raises, and circulated through a series of working levels, then exhausted via shafts or declines, ramps and raises. Mine air cooling systems are not typically needed at NGM underground operations; the exception being certain areas of Goldstrike underground where ambient rock temperatures do require air cooling.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-23 Mobile equipment maintenance shops and service bays are located underground or on surface near portal entrances. Service trucks are used to access remote areas or provide repair and maintenance services away from the maintenance shops. Radio, telephone, and wireless network communications are used. The final underground layouts for the underground mining operations are provided in Figure 13-12 to Figure 13-17 (Carlin Complex), Figure 13-18 and Figure 13-19 (Cortez Complex), and Figure 13-20 (Turquoise Ridge Complex). 13.5 Production Schedule Mining rates for the open pit and underground deposits are summarized in Table 13-3 and Table 13-4. The tables also provide the estimated mine life and the last year of projected operations. 13.6 Blasting and Explosives Explosives are supplied by an explosives contractor. Emulsion or ANFO is used, depending on the blasting conditions, together with various packaged explosives and initiation systems as required. Blast patterns are laid out according to material type. Appropriate powder factors are used to match ore, waste, and overburden types. 13.7 Waste Rock Storage Facilities The currently active waste rock storage facilities (WRSFs) and the planned WRSF expansions have adequate capacity for the LOM. The management of waste rock is based on categorizing by waste rock types based on analytical parameters, with additional refining of waste polygons based on geologic interpretation. The Nevada Operations monitor the requirements for waste and capping materials to ensure that the facilities comply with requirements of the various permits and to ensure that acid-generating waste is capped with waste rock with a net neutralizing value. 13.8 Stockpiles The open pit production schedules have significant variation in ore delivery over time and there is a portion of ore that is stockpiled after mining and before processing. There are several stockpile options, all of which are based upon the grade and/or geochemical constituents of the ore. Leach material is generally delivered directly to the leach pads.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-24 Figure 13-12: Final Mine Layout Plan, South Arturo El Niño Underground, Carlin Complex Note: Figure prepared by NGM, 2024

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-25 Figure 13-13: Final Mine Layout Plan, Goldstrike Underground, Carlin Complex Note: Figure prepared by NGM, 2024

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-26 Figure 13-14: Final Mine Layout Plan, Exodus Underground, Carlin Complex Note: Figure prepared by NGM, 2024

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-27 Figure 13-15: Final Mine Layout Plan, Leeville Underground, Carlin Complex Note: Figure prepared by NGM, 2024

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-28 Figure 13-16: Final Mine Layout Plan, Rita K Underground, Carlin Complex Note: Figure prepared by NGM, 2024

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-29 Figure 13-17: Final Mine Layout Plan, Pete Bajo Underground, Carlin Complex Note: Figure prepared by NGM, 2024

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-30 Figure 13-18: Final Mine Layout Plan, Cortez Hills Underground, Cortez Complex Note: Figure prepared by NGM, 2024

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-31 Figure 13-19: Final Mine Layout Plan, Goldrush Underground, Cortez Complex Note: Figure prepared by NGM, 2024

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-32 Figure 13-20: Final Mine Layout Plan, Turquoise Ridge Underground, Turquoise Ridge Complex Note: Figure prepared by NGM, 2024

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-33 Table 13-3: Production Plan (2025–2036) Item Unit LOM 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Total ore mined Mt 464.6 42.8 43.9 48.7 48.5 63.2 54.5 39.3 22.1 21.8 28.3 13.7 5.4 Waste mined Mt 1,220.7 191.5 163.6 171.3 147.4 124.3 135.7 69.6 97.3 69.1 40.6 4.6 0.9 Note: numbers have been rounded. Tonnes are metric tonnes. Table 13-4: Production Plan (2037–2047) Item Unit 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 Total ore mined Mt 4.0 3.7 3.8 3.7 3.8 3.8 3.9 1.9 1.8 1.4 0.7 Waste mined Mt 0.6 0.6 0.7 0.5 0.4 0.5 0.5 0.3 0.3 0.2 0.2 Note: numbers have been rounded. Tonnes are metric tonnes.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-34 13.9 Equipment The number of loading and hauling units allocated to each deposit varies depending on the operational needs from the open pit mine plans. The equipment list also includes the auxiliary equipment needed to support mining and the re-handling of the ore from the stockpile pad into the mill feeders. Underground equipment requirements include loaders, haul trucks, jumbos, bolters, longhole drills, and auxiliary equipment. Equipment requirements are summarized in Table 13-5 to Table 13-8. 13.10 Personnel The Nevada Operations currently employ 6,527 persons in the mining operations, with an additional 688 personnel employed in support and general and administrative roles, for a total workforce of 7,215 persons (Table 13-9).

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-35 Table 13-5: Open Pit Equipment Requirements Complex Equipment Type Peak Requirement Carlin Shovel 5 Truck 58 Cortez Shovel 5 Truck 43 Phoenix Shovel 3 Truck 18 Turquoise Ridge Shovel 3 Truck 15 Table 13-6: Carlin Underground Equipment Requirements Equipment Goldstrike Leeville Exodus Pete Bajo/ Rita K El Nino Total Loader 10 10 6 8 3 37 Truck 12 16 7 10 2 47 Jumbo 4 4 2 3 1 14 Bolter 8 10 2 6 1 27 Long-hole drill 3 5 2 1 1 12 Table 13-7: Cortez Underground Equipment Requirements Equipment Cortez Hills Underground Goldrush Total Loader 8 10 18 Truck 12 17 29 Jumbo 3 4 7 Bolter 6 7 13 Long-hole drill 2 4 6

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 13-36 Table 13-8: Turquoise Ridge Underground Equipment Requirements Equipment Turquoise Ridge Underground Loader 12 Truck 26 Jumbo 5 Bolter 13 Long-hole drill 3 Table 13-9: Personnel Count, 2025 Area Headcount Carlin 3,405 Cortez 1,732 Phoenix 485 Turquoise Ridge 905 General, administrative, support 688 Total 7,215

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-1 14.0 RECOVERY METHODS 14.1 Process Method Selection The process facilities designs were based on a combination of metallurgical testwork, previous study designs, and previous operating experience. The designs are generally conventional to the gold industry. Metallurgical facilities comprise eight heap leach facilities, two oxide plants, one flotation plant, two autoclave facilities and two roaster facilities (Table 14-1). 14.2 Process Flowsheets An example schematic showing a typical leach operation is provided in Figure 14-1. The leach operation shown is at the Cortez Complex. Figure 14-2 to Figure 14-6 show simplified flowsheets for each of the mills within the Nevada Operations. Figure 14-7 shows the flowsheet for the Goldstrike autoclave. The Goldstrike roaster flowsheet is provided in Figure 14-8. 14.3 Process Facilities 14.3.1 Heap Leach 14.3.1.1 Gold Leach Pads The basic steps in heap leaching are: • Run-of-mine or crushed ore are placed onto a prepared surface; • Gold dissolution is promoted by applying a weak sodium cyanide solution as the lixiviant to the surface of the heap; • Solution is collected in the leach pad drain system and then pumped to activated carbon columns (CIC) where gold loads onto activated carbon; • Gold-laden carbon is reclaimed from the CIC circuit and transported to a centralized carbon stripping system where the gold is stripped from the carbon and recovered by electro-winning. Stripped carbon is recycled and reused. Gold recovery from heap leaching is a function of solution application and management, particle size distribution, time, and mineralogy. Cyanide leach kinetics in the heap leach pads is most strongly affected by ore characteristics.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-2 Table 14-1: Process Facilities Process Type Location Note Autoclaves Goldstrike autoclave (Carlin) Converted from RIL to CIL in Q1 2023 Sage autoclave (Turquoise Ridge)) Roasters Gold Quarry roaster (Carlin) Formerly referred to as Mill 6. Goldstrike roaster (Carlin) Oxide mills Juniper (Turquoise Ridge) Cortez oxide mill Flotation facilities Phoenix Flotation for copper concentrate followed by carbon- in-leach for gold–silver recovery. Pyrite–gold flotation addition for autoclave feed pending completion Q2 2025. Heap leach facilities Long Canyon Residual leaching only Cortez Area 30 Cortez Area 34 Phoenix (copper leach) Twin Creeks L8 (Turquoise Ridge) Twin Creeks L31 (Turquoise Ridge) Currently in closure. Offline. Carlin South Area Leach (property) Carlin South Area Leach (non-property) Carlin North Area Leach Emigrant (Carlin) Currently in closure Note: RIL = resin-in-leach. CIL = carbon-in-leach.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-3 Figure 14-1: Heap Leach Process Schematic

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-4 Figure 14-2: Flowsheet, Gold Quarry Roaster

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-5 Figure 14-3: Flowsheet, Pipeline Mill

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-6 Figure 14-4: Flowsheet, Phoenix Run-of-Mine Leach Note: Figure prepared by Newmont, 2020.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-7 Figure 14-5: Flowsheet, Phoenix Mill Note: Figure prepared by Newmont, 2020. A-train flotation rougher is being modified to be used for bulk sulfide flotation of B- and C- train copper rougher tailings.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-8 Figure 14-6: Flowsheet, Juniper and Sage Mills

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-9 Figure 14-7: Simplified Goldstrike Autoclave Process Flow Diagram Note: Figure prepared by NGM, 2025.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-10 Figure 14-8: Simplified Goldstrike Roaster Process Flow Diagram Note: Figure prepared by NGM, 2025. For oxide leach, run-of-mine material is tracked by pit or royalty source. Tonnage and contained ounces are based upon truck counts, tonnage factors, and the blast hole kriged grade of the material delivered. The tons are adjusted to match the belt-scale weightometers within the crushing circuit for all ore that is crushed. The relative proportions of the sources and royalties of both tons and ounces are conserved, as is the kriged grade. Leach pad inventory is tracked monthly. 14.3.1.2 Copper Leach Pads Smith Williams Consultants, Inc. (later AMEC and then NewFields) designed the leach pad and ponds for the project. The Phoenix copper leach project constructed a conventional run-of-mine leach pad designed to facilitate the stacking of copper oxide and transition ores as well as the subsequent leaching, solution collection, and pumping. The leach pad design incorporates three

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-11 phases of construction. Phases I–III have capacities of 49 Mt, 47 Mts, and 40 Mt respectively. The pad construction is in average lift heights of 6.1 m to a maximum height of 91.4 m at a slope of 2.5 horizontal to 1 vertical. The total leach pad area encompasses nearly 162 ha and is a closed-loop system. The leach pad incorporates a dual liner system, utilizing a low-permeability compacted soil (prepared subgrade) with a coefficient of permeability less than or equal to 1 x 10-6 centimeters per second (cm/s) at 92% of the maximum dry density. A double textured 80-mil high density polyethylene (HDPE) geomembrane overlays the subgrade layer. A protective layer of sand and gravel or silt at a maximum size of 25.4 mm covers the liner, followed by the coarse aggregate drainage layer and solution collection piping. Ten independent solution collection systems allow for operational monitoring of each cell independently of the others. The design also incorporated a process component monitoring system to monitor the leach pad for leaks in the primary liner. The process component monitoring system design helps operations to identify the cell and leach pad phase if a leak occurs. In addition to the pad, the leach circuit also consists of three ponds: the rich leach solution (PLS)/sediment pond, the Phase I events pond, and the Phase II events pond. A tank within a pond for secondary containment purposes collects the raffinate for distribution to the leach pad. The pond design includes double lining with smooth 80-mil secondary HDPE geomembrane overlain by 80-mil textured primary liner. Each pond has a sloped bottom and a leak collection and recovery system. The Phase II events pond construction will occur with construction of the Phase II leach pad expansion and has sufficient volume to accommodate the Phase III expansion as well. Operating pond design provides the ability to contain the operating volume as well as having approximately 1m of freeboard for un-planned events. The event pond designs accommodate leach pad drain down from an eight-hour power outage or pump loss as well as precipitation from a 100-year/24-hour storm event. The PLS/sediment and Phase I/II event ponds have a total volume of nearly 305 ML. The raffinate tank is located approximately two miles northeast of the leach pad near the SX/EW facility, and has an operating volume of approximately 1.1 ML. The tank location is approximately 96 m higher in elevation than the toe of leach pad. To capitalize on the elevation difference, the raffinate feed to the leach pad occurs via a level control valve to allow gravity flow to the pad. Recognizing that as the leach pad gets higher it will reach a point where gravity flow is no longer feasible, the raffinate tank design incorporated nozzles and isolation valves to accommodate the future booster pump addition with minimal interruption to operations. The raffinate tank connects to an organic recovery tank so that operations can periodically flood the organic off the surface of the raffinate tank for recovery in the crud and organic treatment system. The raffinate line between the tank and the leach pad is HDPE and runs parallel to the PLS and fresh water lines in a lined secondary containment channel between the leach pad and plant. The raffinate distributes to the leach pad via drip emitters at a design flow rate of 2,271 m3/hr. The Phoenix ores vary in acid consumption by ore type. Based on testwork, the anticipated average life-of-mine (LOM) acid consumption is approximately 13 kg/t, though early indications from operations suggest long-term consumptions may be less than projected. The pH targets in the raffinate are between 1.5 and 3. Unlike many copper heap leach operations, Phoenix saw no

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-12 benefit to an acid cure. Higher acid additions only provided opportunities for higher acid consumption. The design solution application rate is 0.1 L/min/m2). The leach pad operates on a 90-day active leach cycle. Operations allow the area to dry before removing piping and cross-ripping the leach pad to a depth of 3m, readying the area for new ore placement. The rip depth exceeds the 2.4m maximum required to extend beyond the truck-induced compaction zone, which was confirmed with multiple tests conducted on site. The compaction difference between 1.5 m and 2.4 m was negligible, but to ensure adequate long-term percolation at full height, site operations elected to rip the full 3 m depth. Drain down from the leach pad reports to the PLS/sediment pond. In order to reduce the introduction of fine particulates into the SX plant, the inflow to the PLS pond initially reports to a segregated sediment storage compartment. This allows the fine solids to settle out before the PLS overflows an internal berm into the operating portion of the pond. Four 600 hp vertical turbine pumps transfer the PLS from the pond to the SX plant at an average grade of 0.6 g/L for the LOM. At design flow, there are three operating pumps with one installed spare. 14.3.2 Process Plants 14.3.2.1 Gold Quarry Concentrator (Carlin Complex) The Gold Quarry concentrator (formerly referred to as Mill 5) is on care and maintenance. 14.3.2.2 Pipeline Mill (Cortez Complex) The Pipeline mill treats material from the Crossroads/Pipeline open pit, Cortez Pits open pit, Cortez Hills underground, and historical stockpiles derived from mining of the Pipeline and Cortez Hills open pits. The basic steps are as follows: • Crushing and grinding; • CIL and CIC circuits; • Counter-current-decantation wash thickener circuit • Carbon stripping and reactivation circuits, • Doré refining. Plant throughput can reach 18,000 st/d depending on the hardness of the ore being processed. The plant is permitted for an annual average of 5.4 Mst/a. 14.3.2.3 Phoenix SX/EW Plant (Phoenix Complex) The Phoenix SX/EW plant treats material from the Fortitude and Bonanza open pits.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-13 The SX plant consists of a single train of conventional mixer–settlers. There are two extraction mixer–settlers with a single strip mixer–settler. The settler design provides operational flexibility to run in series (2 + 1) or in parallel (1 + 1 + 1) depending on operating conditions. Each of the extraction mixer–settlers has a single pump mixer followed by secondary and tertiary mixers, all with variable frequency drive (VFD) control. The mixer–settlers, constructed of 316 L stainless steel, are approximately 31 m long by 25 m wide by 1.3 m deep. There are two rows of picket fences, including a chevron fence followed by a straight fence. The strip mixer–settler only includes a primary pump mixer and a secondary mixer, both with VFD control. The process uses Cytec’s ACORGA M5774 extractant and Chevron Phillips’ Orfom SX-12 diluent. The extractant concentration in the organic is approximately 3.5 volume percent (v/o). Fire mitigation uses a high pressure water mist that rapidly cools the flames and displaces the available oxygen away from the point of combustion while filling the remaining atmosphere with water vapor. Tank farm design includes standard features such as electrolyte and organic storage tanks, electrolyte dual media filters, and equipment for organic treatment. Because of the extreme temperature variance, there are three boilers installed to ensure adequate electrolyte heating capacity during the winter months. To help minimize the risk of sulfate crystallization, all electrolyte lines and tanks are heat traced and insulated. The electrolyte tanks are also inside a building shell to further reduce the risk. The building also contains a segregated, fire protected room for the organic treatment filter and three phase decanting crud centrifuge. The electrowinning building houses 30 polymer-concrete EW cells. Each cell contains 60 permanent stainless steel cathodes and 61 lead-calcium-tin anodes. The plant layout allows for future expansion to the north, mirroring the existing plant, to double the EW capacity if necessary. The design average production is 10,886 t/a of copper cathodes. The design current density is 323 A/m2 with a maximum current density of 377 A/m2. Copper electrowinning uses variable reactance transformer (VRT) and silicon controlled rectifier (SCR) technology. The EW building houses metallurgy, operations, and maintenance personnel offices, the plant control room, a maintenance facility, and training/break room, along with locker room facilities. Next to the control room, the project provided a process/metallurgical laboratory for performing operational control sample analyses and cathode grading. Assaying of composite samples for metallurgical accounting occurs at an offsite lab. The plant receives concentrated sulfuric acid from the Gold Quarry roaster and from an offsite bulk storage facility. The acid arrives by truck for gravity offload into two bulk storage tanks for leach acid and one small storage tank for electrolyte makeup acid. Diluent is the only other bulk reagent, which also arrives by truck for gravity offload into a site storage tank. Plant throughput is a nominal 28 st/day, which is below the permitted rate of 33 st/day.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-14 14.3.2.4 Phoenix Mill (Phoenix Complex) The Phoenix mill treats material from the Fortitude and Bonanza open pits. The plant has a copper/gold specific flotation system designed to provide concentrate products for sale to an outside smelter. The basic steps are as follows: • Crushing and grinding; • Adjustment of pH as required; • Conditioning the slurry using collectors and activators to prevent oxidation of the sulfide mineral surfaces and create hydrophobic conditions; • Frothing chemicals and air added to the flotation cells creating a liquid/gas interface for the hydrophobic particle to cling to; • Residual gangue minerals contain sufficient gold for recovery by conventional carbon-in-pulp (CIP) processing; • Flotation tails are processed through a sands/slimes separation circuit using Hydrosizers, ahead of the CIL circuit. Most of the gold goes to the sands, and most of the copper goes to the slimes, reducing cyanide consumption in the CIP circuit. Slimes are thickened and sent to the TSF; • The concentrate is filtered and processed through an outside smelter. The final flotation concentrate contains all of the copper, about 40% of the gold, and 35% of the silver produced by the Phoenix plant. Gold is also recovered by gravity separation: • Gravity separation occurs in two circuits, the first in the grinding circuit and the second on the initial rougher float product; • The primary gravity circuit processes screened SAG and ball mill products; • The flotation gravity circuit is in two stages, including a second, cleaner stage; • All gravity concentrates undergo intensive cyanidation, producing a rich solution that joins rich solution from the CIP circuit ahead of electrowinning. The Phoenix mill treats copper sulfide and gold bearing ores from the Fortitude and Bonanza pits. Plant throughput is a nominal 36,000 st/day which is below the permitted rate of 57,600 st/day. 14.3.2.5 Juniper Mill (Turquoise Ridge Complex) Run-of-mine higher-grade oxide ore from the Turquoise Ridge Surface sources are blended for gold grade, hardness, and carbonate content and fed to the Juniper oxide mill. Undersize rejects from the Turquoise Ridge Underground aggregate crusher are added when additional carbonate is needed. The process consists of:

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-15 • A variable speed 900 Hp SAG mill operating in closed circuit with a discharge screen. The SAG mill product is fed to a 1,150 hp ball mill operating in closed circuit with cyclones. The final product grind size is 90% -200 mesh; • Cyclone overflow product is fed to the neutralization circuit, where the carbonate in the oxide ore is used to neutralize the acidic autoclave discharge slurry. The combined oxide slurry and autoclave discharge slurry are further neutralized with lime before treatment in the CIL circuit; • The CIL circuit is used to concurrently leach gold from the ore and adsorb it onto activated carbon. The final tailings slurry is pumped to the TSF; • The gold-loaded carbon is stripped, acid washed, kiln reactivated, and recycled back to the CIL circuit. The gold stripped from the carbon is electrowon and refined into doré for shipment to an offsite refinery. Plant throughput can reach 120 st/hr depending on the hardness of the ore being processed. This is augmented when limestone is added. The plant is permitted for running 250 st/h or 6,000 st/d. 14.3.3 Autoclaves 14.3.3.1 Goldstrike (Carlin Complex) The Goldstrike autoclave treats material from a variety of Carlin ore sources. The basic steps are as follows: • Feed is sourced from ore stockpiles located adjacent to the primary crusher. • Phase II (primarily refractory) grinding circuit consists of a gyratory crusher and a SAG mill operating in closed circuit with a pebble crusher; • The Phase II discharge screen undersize is pumped along with ball mill discharge to a bank of cyclones. The final product grind size is 65% - 200 mesh; • Grinding circuit thickener underflow, when treating an acid ore blend, is fed to a series of acidulation tanks where sulfuric acid is added if required to digest carbonate content; • Five autoclaves are installed at Goldstrike, three of which are configured for either alkaline or acid ore and operate in parallel; • The milled, acidified slurry is fed to a series of preheaters where hot steam from the autoclave discharge flash tank is contacted with incoming feed to preheat the slurry and transfer available heat from the oxidation reactions. Pressure oxidation is carried out under elevated pressure and temperature using high-purity oxygen in the autoclaves; • Autoclave discharge progresses through a series of flash vessels with additional cooling accomplished in tube and shell slurry heat exchangers. Autoclave discharge slurry is

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-16 acidic due to the formation of sulfuric acid from sulfide oxidation reactions. Oxide ore and acidic oxidized sulfide ore slurry are combined in the neutralization circuit; • Neutralization of autoclave discharge to pH 10 is accomplished with slaked lime prior to cyanide leaching; • The slurry from the autoclave circuit is pumped to a set of two, parallel, CIL circuits. The carbon is pumped counter-current to the slurry new or recycled carbon returned to the last CIL tank. From the first tank, loaded carbon is transferred to elution and refining for the recovery of gold. The slurry exiting the final tank is sent to a tailings thickener and then pumped to a TSF; • Gold-bearing carbon is processed in a Zadra elution circuit. Rich solution containing the gold is forwarded to electrowinning cells operated within the gold refinery to produce doré bullion, which is shipped off-site for further refining. The stripped and regenerated carbon is returned to the CIL circuit. The plant is permitted for an annual average of 1,000 st/operating hour per autoclave limit. Conversion of the autoclave from resin-in-leach to CIL was completed in Q1 2023. 14.3.3.2 Sage (Turquoise Ridge Complex) The Sage autoclave treats material from the Turquoise Ridge Underground, Mega open pit, and historical stockpiles derived from mining of the Mega and Vista open pits. The process consists of: • SAG milling followed by ball milling; • Cyclone overflow reports to a thickener. Thickener underflow reports to an acidification circuit where sulfuric acid is added as necessary. Thickener overflow solution is returned to the milling circuit; • After acidification, ore slurry is added to two identical autoclaves that are operated in parallel. Two stages of flash heat recovery are used. Autoclave discharge is cooled before reporting to the lime neutralization circuit; • Oxide ore and acidic oxidized sulfide ore slurry are combined in the neutralization circuit; • After neutralization, the ore slurry reports to a CIL circuit where the ore is leached in cyanide solution to extract the gold. Final tailings slurry is pumped to the TSF; • Loaded carbon from the CIL circuit is transferred to the recovery plant. After acid washing to remove inorganic contaminants, the carbon is transferred to the pressure Zadra stripping circuit;

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-17 • Rich solution from the stripping circuit is pumped to an electrowinning circuit where precious metal is removed and refined into doré bars. Plant throughput is a nominal 13,900 st/day which is below the permitted rate of 16,800 st/day. 14.3.4 Roasters 14.3.4.1 Goldstrike (Carlin Complex) The Goldstrike roaster treats open pit and underground material from numerous sources including the South Arturo open pits, El Niño underground, Goldstrike underground, Goldstrike open pit, historical stockpiles derived from mining of the Goldstrike open pit, Goldstar open pit, Leeville underground, Pete Bajo underground, Exodus underground, Cortez Crossroads/Pipeline open pit, Cortez Hills underground, historical stockpiles derived from mining of the Cortez Hills and Crossroads/Pipeline open pits, and Goldrush underground. The basic steps are as follows: • Two stages of open circuit crushing including a gyratory crusher, scalping screen and cone crusher; • Crusher product is sent to two parallel dry grinding circuits. The ore is heated with natural gas and progresses toward the center of the mill as it is being dried and ground where it is transported with air through grates, a static cyclone classifier and a dynamic classifier for size separation; • Oversize is returned to the second stage of the grinding mill for further size reduction while undersize material is transferred to bag houses for further processing; • Material from the roaster silo is fed to the top of the roaster by a bucket elevator and a fluidized feeder. The fluidized feeder distributes ore continuously to the first stage (upper) bed of the two parallel roasters; • Solids flow by gravity to the second stage of the roaster through an inter-stage solid transfer system. High purity oxygen is injected at the bottom of the second stage of the roasters. Oxidation is essentially complete after the second stage; • A gas circuit removes contaminants; • The calcine product from the roaster is cooled rapidly in quench tanks. The cooled quench tank discharge from both roasters is combined and the resulting slurry feeds neutralization tanks; • Neutralization circuit slurry is dewatered in a thickener with excess water recycled for reuse in the quench tanks. The thickener underflow reports to the roaster CIL circuit; • Slurry flows through the series of CIL tanks. Activated carbon is then transferred to a loaded carbon holding bin and into a truck that transports it for elution, acid

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-18 washing, and regeneration in a carbon handling circuit located within the Goldstrike autoclave facility. Plant throughput is a nominal 18,700 st/day which is below the permitted rate of 24,000 st/day. 14.3.4.2 Gold Quarry (Carlin Complex) The Gold Quarry Roaster treats open pit and underground material from Carlin and Cortez, as well as sulfide concentrates. The process steps at the Gold Quarry Roaster are as follows: • Crushing and dry grinding; • Roasting at a high enough temperature to oxidize the sulfide and carbonaceous material, but at a low enough temperature that the gold is not re-encapsulated in microscopic “clinkers”; • Leaching using a cyanide solution in the slurry in conjunction with oxygen which can be supplied by air-sparging or by the addition of enriched oxygen; • CIL processing involves leaching of the slurry with cyanide to dissolve the gold and then adsorb the gold onto activated carbon; • Magnetic separation is applied to recover gold locked in a magnetic component of the tailings and transported to an autoclave for pre-treatment and cyanide leaching; • Gold-laden coconut carbon is transported to the carbon stripping facility where the gold is stripped from the carbon and recovered by electro-winning. Stripped carbon is recycled and reused. A cost-saving step is afforded by processing the off-gas from the roaster for recovery of sulfur dioxide as sulfuric acid. Because the final processing steps are the same as in the oxide mill, the performance of a roasting facility is similarly driven by the same parameters with the addition of sufficient retention time in the roaster in contact with sufficient oxygen to complete the oxidizing process. Plant throughput can reach 13,000 st/d, depending on the hardness of the ore being processed. The plant is permitted for an annual average of 13,440 st/d. 14.4 Equipment Sizing The major equipment required for the heap leach operations is summarized in Table 14-3, in Table 14-4 for the mill facilities, in Table 14-5 and Table 14-6 for the Phoenix facilities, in Table 14-7 for the autoclaves and in Table 14-2 for the roaster.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-19 Table 14-2: Key Equipment List, Roasters Roaster Equipment Type/Item Number Goldstrike Roaster Thyssenkrupp double rotator, 2 x 5.8 m x 17.5 m, 7,355 kW 2 Dorr Oliver roasters 2 stage fluidized bed 2 Gold Quarry Roaster Double rotator 6.1 m x 25.6 m, 11 MW 1 CFB roasters 2 Table 14-3: Key Equipment List, Leach Facilities Leach Area Equipment Type/Item Number South Area Leach (SAL) Rich solution pumps 8 Spent solution pumps 3 CIC 21, 18 in operation Solution flow 6,500 gpm North Area Leach (NAL) Rich solution pumps 4 Spent solution pumps 3 CIC 12 Solution flow 7,000 gpm Cortez Leach Area 30 Pregnant pumps 6 Barren pumps 5 CIC 20 Solution flow 21,000 gpm, max permit Cortez Leach Area 34 Pregnant pumps 3 Barren pumps 2 CIC 15 Solution flow 12,600 gpm, max permit

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-20 Table 14-4: Key Equipment List, Mill Facilities Area Item Description Capacity Cortez Oxide SAG mill Allis 26 ft x 11 ft 4500 hp Primary ball mill Allis 16 ft x 28.5 ft 4500 hp Juniper SAG mill Marcy 18 ft x 6.5 ft 900 hp Primary ball mill Marcy 11.5 ft x 16.4 ft 1,150 hp Table 14-5: Key Equipment List, Phoenix SX/EW Item Quantity Source/Vendor Mixer tank 12 CAID Raffinate tank 1 GBI Mixer 6 Lightnin Electrolyte tank 4 GBI Crud centrifuge 1 Flottweg Electrolyte filter 1 SpinTek Pre-coat mix tank 1 Durco Filters Organic filtrate tank 1 Durco Filters Loaded organic tank 1 GBI Organic treatment filter feed tank 1 CAID Anodes 1830 Quemetco Metals Cathodes 1800 CAID Electrowinning cell 30 CTI/PI Int'l. Inc. Cathode strip conveyer 1 Mesco/PI Int'l. Inc. EW cell hood 30 SAME Rectifier 2 Ametek Sulfuric acid leach storage tank 2 Contract C002 Electrowin acid storage tank 1 Great Basin Ind Diluent storage tank 1 Great Basin Ind Guar/starch mix tank 1 Solid Technology Extraction/ strip settler 3 CAID

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-21 Table 14-6: Key Equipment List, Phoenix Mill Item Quantity Source/Vendor 60 x 89 primary gyratory crusher 1 Fuller Traylor 50 x 65 primary gyratory crusher 1 Metso Secondary cone crushers 2 Raptor 1100 Pebble cone crusher 1 Metso MP800 36 ft x 18 ft SAG mill, 18,000 hp 1 Farnell Thompson 21 ft x 33 ft overflow ball mill, 9,500 hp 2 Farnell Thompson KC-48 concentrators 4 Knelson CS-4000 intensive cyanidation reactor 1 Consep Acacia 160 m3 flotation tank cells 12 Dorr-Oliver 30 m3 flotation tank cells 8 Dorr-Oliver E-CAT concentrate thickener 1 EIMCO 32 m high rate tailings thickener 1 Outokumpu Plate and frame filter press 1 Lasta 49.5 ft x 54 ft agitated leach tanks 2 36.5 ft x 40 ft agitated CIP tanks 5 ADR circuit 1 Pressure Zadra Table 14-7: Key Equipment List, Goldstrike Autoclave Autoclave Mill Circuit Item Size/Quantity Source/Vendor Goldstrike Mill 1 Jaw crusher 300 hp, 50 in x 60 in Telsmith SAG mill 2500 hp, 22 ft x 8 ft Allis Chalmers Secondary ball mill 1,800 hp, 13.5ft x 18 ft Dominion 1,250 hp, 12.5 ft x 14 ft Allis Chalmers Tertiary ball mill 4,000 hp, 16 ft x 18 ft Svedala Mill 2 Gyratory crusher 400 hp, 42 in x 65 in Allis Chalmers Autogenous grind mill 4,000 hp, 24 ft x 12 ft Fuller Secondary ball mill 5,000 hp, 16.5 ft x 30.5 ft Fuller

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-22 Table 14-8: Key Equipment List, Sage Autoclave Item Description Capacity SAG mill Koppers, 28 ft x 10 ft 4,000 hp Primary ball mill Svedala, 20 ft x 30 ft 7,500 hp Secondary ball mills 2 x Dominion, 16.5 ft x 29 ft 4,000 hp Autoclaves 16.5 ft x 73.3 ft 89,500 gal Oxygen plant air products ASU, 95% O2 1,360 t/d 14.5 Power and Consumables 14.5.1 Power Power supplies are discussed in Chapter 15.11. 14.5.2 Consumables The major consumables in the gold heap leach facilities are antiscalant, cyanide and lime. The copper heap leach pads use sulfuric acid. The Phoenix SX/EW plant uses sulfuric acid (electrolyte), cobalt, diluent, extractant, diatomaceous earth, clay, and starch. Mill facilities use grinding media, lime, cyanide, collector, frother, and hydrogen peroxide. Both autoclaves and roasters use grinding media, sulfur, sulfuric acid, lime, and cyanide. 14.5.3 Water Water supply for process operations is discussed in Chapter 15.7. 14.6 Personnel The personnel count for the Nevada Operations totals 927 persons (Table 14-9).

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 14-23 Table 14-9: Process Personnel Count Area Personnel Carlin 520 Cortez 97 Phoenix 139 Turquoise Ridge 166 Other 5 Total 927

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 15-1 15.0 INFRASTRUCTURE 15.1 Introduction Major infrastructure to support mining operations is constructed and operational. This includes: • Open pits; • Shafts, hoisting infrastructure, portals, declines, ramps; ventilation systems; backfill plants; • Heap leach, mill, autoclave and roasting facilities; mine laboratories; • Stockpiles; waste rock and tailings storage facilities; • Conveyors and pipelines; • Access and haul roads; • Water management and treatment facilities; • Power station, transmission lines, electrical stations and substations, electrical distribution networks; • Truck shops, maintenance facilities, warehouses, and administrative facilities/offices; • Communications, including fiber optic lines and network communications, mine radio networks, leaky-feeder systems; • Core and sample pulp storage. Additional infrastructure will include: • Carlin Complex: backfill plant; mine accesses; ventilation system; and tailings storage construction and expansion to support the LOM plan. • Cortez Complex: mine accesses; surface dewatering wells and associate pipe and pumping infrastructure; rapid infiltration basins; underground dewatering/pumping infrastructure; backfill plant; ventilation system; electrical distribution network; and tailings storage construction and expansion to support the LOM plan • Phoenix: sulfur concentrate facility; tailings storage expansion to support the LOM plan; • Turquoise Ridge: partial relocation of Mega Pit surface infrastructure; backfill plant; tailings storage expansion to support the LOM plan. Key infrastructure locations are shown in Figure 15-1 to Figure 15-7.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 15-2 Figure 15-1: Infrastructure Layout Plan, Carlin Complex North Area

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 15-3 Figure 15-2: Infrastructure Layout Plan, Carlin Complex South Area

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 15-4 Figure 15-3: Infrastructure Layout Plan, Carlin Complex Rain–Emigrant Area

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 15-5 Figure 15-4: Infrastructure Layout Plan, Cortez Complex

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 15-6 Figure 15-5: Infrastructure Layout Plan, Long Canyon Complex

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 15-7 Figure 15-6: Infrastructure Layout Plan, Phoenix Complex

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 15-8 Figure 15-7: Infrastructure Layout Plan, Turquoise Ridge Complex

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 15-9 15.2 Roads and Logistics The Project is accessed by all-weather road networks as discussed in Chapter 4. Rail and air services are also outlined in Chapter 4. 15.3 Stockpiles Stockpiles are discussed in Chapter 12.5 and Chapter 13.7. 15.4 Leach Pads There are eight heap leach pads in the Project area, all of which are actively being leached. There is sufficient capacity in the heap leach pads and planned heap leach pad expansions for LOM planning purposes. 15.5 Waste Rock Storage Facilities There are 100 WRSFs in the Project area, of which 53 are inactive and undergoing reclamation, and 47 are active. A total of 27 pits are permitted for partial or full waste backfill. There is sufficient capacity in the existing WRSFs and planned WRSF expansions for LOM planning purposes. 15.6 Tailings Storage Facilities There are 22 TSFs in the Project area, of which 14 are inactive and undergoing reclamation, and eight are active, with seven receiving tailings, and one used for water management. There is sufficient capacity in the active TSFs and planned TSF expansions for LOM planning purposes. 15.7 Water Supply Water supply for processing operations is sourced, depending on the facility, from well fields, TSF reclaim, storm run-off water, and pit dewatering. Potable water is provided by permitted water wells and supporting treatment and infrastructure facilities. The current water sources, assuming similar climate conditions to those experienced by the operations in the past, will be sufficient for the LOM plan.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 15-10 15.8 Water Management Structures Water management operations include systems of dewatering wells, water gathering and conveyance facilities, water storage, water use, and various management options for discharge of excess water. Water not used for mining or milling can be pumped to storage reservoirs. Rapid infiltration basins are used to capture storm run-off water to avoid that water coming into contact with mining operations. The Nevada Division of Environmental Protection (NDEP) allows selected complexes within the Nevada Operations, through discharge permits, to discharge groundwater from pumping operations to groundwater by percolation, infiltration, and irrigation. The current water management practices are expected to be largely applicable to the LOM plan. 15.9 Built Infrastructure All key infrastructure to support mining activities contemplated in the LOM plan is in place, or has been included in the capital cost requirements in Chapter 18. Planned infrastructure for Robertson includes: • Haul road connecting existing Cortez facilities to new mine; • Surface water diversion channels; • Heap leach facility and carbon-in-column plant; • Line Power to dewatering wells; • Dewatering wells, piping and pumping infrastructure; 15.10 Camps and Accommodation There are no accommodation facilities at any of the complexes. Personnel reside in adjacent settlements including Battle Mountain, Carlin, Elko, Golconda, Wells, West Wendover and Winnemucca. 15.11 Power and Electrical Electrical power for the Carlin, Cortez, Turquoise Ridge, and Phoenix Complexes is obtained via TS Power Plant and from the Western 102 power plant (both of which are owned and operated by NGM) with transmission by NV Energy. Power for Gold Quarry, Long Canyon, and Goldrush is supplied via the Wells Rural Electric Power Company. The Western 102 power plant, located approximately 15 miles east of Reno, has the capacity to supply 115 MW of electricity using 14 reciprocating natural gas-fired engines, and also has a 1 MW solar plant.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 15-11 The TS power plant has a capacity of 215 MW power generation from its original coal-fired process. Plant modifications are in progress to allow co-fire capability with natural gas in support of carbon-reduction objectives. Construction of the 200 MW TS solar photovoltaic array adjacent to the TS power plant was completed in 2024, and is now in commercial production. Power can be purchased on the open market if required. Electrical facilities include multiple main substations, several smaller substations throughout the Project area, and transmission lines.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 16-1 16.0 MARKET STUDIES AND CONTRACTS 16.1 Markets NGM has established contracts and buyers for the gold bullion, copper concentrate and copper cathode products from the Nevada Operations, and has an internal marketing group that monitors markets for its key products. Together with public documents and analyst forecasts, these data support that there is a reasonable basis to assume that for the LOM plan, that the key products will be saleable at the assumed commodity pricing. There are no agency relationships relevant to the marketing strategies used. Product valuation is included in the economic analysis in Chapter 19, and is based on a combination of the metallurgical recovery, commodity pricing, and consideration of processing charges. 16.2 Commodity Price Forecasts The operator of NGM, Barrick, sets metal price forecasts by reviewing the LOM for the operations, which is 10+ years, and setting the commodity price for that duration. The guidance is based on a combination of historical and current contract pricing, contract negotiations, knowledge of its key markets from a long operations production record, short-term versus long-term price forecasts prepared by the Barrick’s internal marketing group, public documents, and analyst forecasts when considering the long-term commodity price forecasts. Higher metal prices are used for the mineral resource estimates to ensure the mineral reserves are a sub-set of, and not constrained by, the mineral resources, in accordance with industry- accepted practice. The long-term commodity price forecasts are: Mineral reserves: • Gold: US$1,400/oz; • Silver: US$20/oz; • Copper: US$3.00/lb; Mineral resources: • Gold: US$1,900/oz; • Silver: US$24/oz; • Copper: US$4.00/lb.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 16-2 16.3 Contracts NGM has contracts in place for the majority of the copper concentrate with smelters and various traders. The terms contained within the sales contract are typical of and consistent with standard industry practice and are like contracts for the supply of copper concentrate throughout the world. The contracts include industry benchmark terms for metal payables, treatment charges and refining charges for concentrates produced. Depending on the specific contract, the terms for the sale of the Project’s copper concentrate are either annually negotiated, benchmark-based treatment and refining charges, or a combination of annually negotiated terms and price sharing agreements. The differences between the individual contracts are generally in relative quantity of concentrates that are covered under annually-negotiated treatment and refining charges and that are covered under a price sharing formula. Treatment charges assumed for estimation of mineral reserves are based on the blended rates of the existing contracts through the duration of the agreements. The formula used is sensitive to the underlying copper price and is consistent with long-term expectations for copper treatment and refining charges. The Phoenix copper leach facility produces cathode copper which is sold to a trader who re-sells for product manufacturing. The terms contained within the sales contract are typical of and consistent with standard industry practice and are like contracts for the supply of copper cathode globally. The joint venture agreement requires that Newmont and Barrick purchase 100% of the refined doré that NGM produces on a pro rata basis, according to the individual company’s joint venture interest. The terms contained within Newmont’s sales contracts are typical and consistent with standard industry practice and are similar to contracts for the supply of bullion elsewhere in the world. The largest in-place contracts other than for product sales cover items such as bulk commodities, operational and technical services, mining and process equipment, and administrative support services. Contracts are negotiated and renewed as needed.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 17-1 17.0 ENVIRONMENTAL STUDIES, PERMITTING, AND PLANS, NEGOTIATIONS, OR AGREEMENTS WITH LOCAL INDIVIDUALS OR GROUPS 17.1 Introduction As part of its permitting requirements, NGM has submitted and received approval for numerous PoOs and Reclamation Plans for each area. NGM has additionally submitted and/or provided information to support Environmental Assessments (EA) or Environmental Impact Statements (EIS) for each area containing public lands. The additionally submitted information includes various baseline and supporting studies on various natural resources. These studies include, but are not limited to: • Vegetation surveys; • Soil surveys; • Wildlife surveys: • Threatened, endangered, and special status species surveys; • Waters of the US evaluations; • Waste rock characterization studies; • Groundwater modelling; • Pit lake geochemical studies; • Archaeological surveys; • Air quality modelling. Existing operations were reviewed by the BLM and Nevada Division of Environmental Protection Bureau of Mining Regulation and Reclamation (NDEP–BMRR). BLM National Environmental Policy Act (NEPA) analysis under an EA or EIS can result in a Determination of NEPA Adequacy (DNA), Findings of No Significant Impacts (FONSI), or a Record of Decision (ROD). These determinations are issued by the BLM for those operations where PoOs contain public lands. The PoOs are updated and amended, as necessary, to allow for continuation of mining or additional mine development. 17.2 Baseline and Supporting Studies NGM manages a number of different environmental aspects during mining operations. The operating PoOs on public land listed in Table 17-1 and/or reclamation areas encompass all of the mining facilities within the Nevada Operations.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 17-2 Table 17-1: Plans of Operations Property PoO Name BLM Case File Carlin South Arturo NVN-087946 Carlin Bootstrap NVN-071087 Carlin Carlin NVN-070574 Carlin Dee NVN-071216 Carlin Emigrant NVN-078123 Carlin Genesis-Bluestar NVN-070712 Carlin Gold Quarry NVN-070550 Carlin Goldstrike NVN-070708 Carlin Leeville NVN-071251 Carlin Rain NVN-070445 Cortez Cortez NVN-067575 Cortez Goldrush NVN-097532 Cortez Robertson NVN-100137 Long Canyon Long Canyon NVN-091032 Phoenix Phoenix NVN-067930 Turquoise Ridge Complex Turquoise Ridge NVN-64093 Turquoise Ridge Complex Twin Creeks NVN-064094 These geographic boundaries define areas approved for disturbance by the BLM in the form of DNAs, EAs, and EISs, as well as Nevada State permits under NDEP including water pollution control, air and water quality, reclamation, closure permits, and other permits. EISs can require the implementation of mitigation plans due to potential identified impacts. Such plans can contain specific actions to be taken to mitigate potential impacts to riparian and wetland areas, springs and seeps, streams and rivers, aquatic habitat and fisheries, threatened, endangered, and candidate species, livestock grazing, terrestrial wildlife, soils, vegetation, visual resources, cultural resources, and recreation and wilderness. 17.3 Environmental Considerations/Monitoring Programs Each state and federal permit includes monitoring requirements. These requirements can include, but are not limited to: • Water Pollution Control Permit monitoring of the process facilities to ensure Waters of the State are not compromised (e.g., heap leach pads, TSFs, mills/autoclaves/roaster, and potentially-acid generating WRSFs);

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 17-3 • Surface and groundwater are monitored under various permits to ensure no degradation of the water resource; • Reclamation and closure activity monitoring to ensure facilities are closed as planned and to prevent environmental degradation; • Rock blending, isolation, encapsulation and backfilling methods in order to minimize acid generation and leachate migration from waste rock that is potentially acid-generating; • Monitoring of dewatering and water discharge impacts to ensure regulatory requirements are met; • Air emissions monitoring, including particulates, NOx, SOx, and mercury where appropriate. Routine environmental monitoring takes place across the operations, including dust suppression, noise, arsenic, TSF seepage water, leak detection, as well as sample collection of drinking water, ground water, surface water, and monitoring of well water. Various Water Pollution Control Permits (WPCPs), approved and administered by the NDEP– BMRR, require waste rock to be characterized for PAG and acid neutralizing potential and are reported to the NDEP–BMRR quarterly or semi-annually, as required by the WPCPs. Existing facilities will continue to be managed in accordance with the approved site specific WPCPs and Waste Rock Management Plans. Any new refractory ore stockpiles or WRSFs will be designed, constructed, and monitored in accordance with the guidance received from the NDEP–BMRR. Refractory ore and waste materials are present at the Phoenix, Turquoise Ridge, Carlin, and Cortez Complexes. Design requirements include encapsulation of potentially acid generating materials inside waste rock facilities and engineered systems for the collection of low pH seepage from waste rock dumps and stockpiles and treatment of the seepage. Stockpile and waste rock permitting are included in Plan of Operations submissions to the BLM and in Water Pollution Control Permit applications to the State of Nevada Division of Environmental Protection. Tailings are analyzed and reported as part of the WPCP requirements. Tailings impoundments are engineered structures requiring separate approval and strict monitoring and reporting requirements as regulated by the NDEP. The tailings facilities are also closely monitored and inspected for geotechnical stability by the State Division of Water Resources (DWR). NGM has an integrated ISO 14001 certified environmental management system (EMS) that controls health and safety, and environmental risks. The EMSs are updated on an annual basis and audited every three years. Environmental incidents are noted in a register which forms part of the EMS. Causes and corrective actions are identified, and once completed, the incident is closed out. 17.4 Closure and Reclamation Considerations Initial closure planning is included within all proposals and reclamation plan documents during the permitting process. Closure planning is integrated with mine and reclamation planning to the

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 17-4 extent practicable during active operations. Concurrent reclamation of lands as mining progresses is a primary consideration for NGM. Reclamation plans are regularly reviewed and revised at a minimum of every three years to ensure adequate financial assurances have been put in place for required reclamation activities. Approvals are required from both the BLM and NDEP for reclamation and closure plan amendments and bond adjustments. Various mine facilities are located within the PoO boundaries on both private lands and the federal lands administered by the BLM. Only approved facility disturbance can be constructed within PoO boundaries. All PoO boundaries on private lands within the PoO are under the jurisdiction of the NDEP–BMRR. The reclamation boundaries define limits of approved disturbance for mining within each PoO boundary. Approved financial assurances cover the reclamation liabilities of facilities associated with mining activity. Agency permit approval is contingent upon the placement of these financial assurances that are held by the Agencies (BLM and/or NDEP) prior to commencement of mining. They are the beneficiaries in the unlikely case that NGM files bankruptcy. Reclamation cost estimates are detailed in the reclamation plans for each plan area and facility. Additional financial assurances, in the form of a trust, may be required for long-term monitoring and maintenance costs estimated to occur after closure (i.e., long-term management of drain-down solution from heap leach pads). A Nevada industry-standard method or Standard Reclamation Cost Estimator (SRCE) model is used by NGM to calculate the liabilities. In general, reclaimed mine sites must be left safe and stable at a minimum, with removal of all infrastructure and rehabilitation of all landforms. Groundwater quality around tailings storage facilities must meet license conditions. NGM currently has posted approximately US$2.15 B in financial assurances in the form of letters of credit and surety bonds to cover mine closure costs. Additionally, there are several trusts associated with closure cost planning. The economic analysis uses a closure cost assumption of US$1.0 B, which is the estimate of actual disturbance. 17.5 Permitting 17.5.1 Existing Permits All surface activities, including reclamation, comply with all applicable Federal and State laws and regulations. The fundamental requirement, implemented in 43 CFR 3809, is that all hard-rock mining under a PoO or Notice on the public lands must prevent unnecessary or undue degradation to the environment. The PoOs and any modifications to the approved PoOs must also meet the requirement to prevent unnecessary or undue degradation. Mining of pits and associated disturbances are evaluated and approved by the BLM and the NDEP (Nevada Administrative Code (NAC) Chapter 445A and the Federal regulations 43 CFR 3809). The BLM studies environmental impacts associated with mining under NEPA.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 17-5 As part of its permitting requirements, NGM has submitted PoOs and Reclamation Plans for each operation. NGM has submitted and/or provided information to support NEPA evaluation for each area containing public lands. The PoOs are updated and amended as necessary to allow for continuation of mining or additional mine development. Reclamation requirements are regulated by the BLM and NDEP and can include items such as regrading waste rock disposal facilities and heap leach pads, removing and demolishing buildings and structures, regrading disturbed areas, removing and regrading stockpile areas, replacing salvaged growth media, revegetation, diversion and sediment control monitoring, and management of drain down from process facilities (e.g., heap leach pads and tailings). To the extent practicable, NGM attempts to perform reclamation concurrently with mining operations. Permits pertain to environmental and safety obligations by mining companies, and for day-to-day operations compliance. These compliance permits cover areas such as air quality, surface and ground water quality and quantity, wastewater treatment, tailings storage, hazardous materials storage, land reclamation, and community relations. NGM also maintains a legal obligation register to track permitting and ensure on-going compliance. Permit applications and renewals are undertaken as required. The Nevada Operations have the required permits to operate or will be applying for the permits as they are required for mine development. As at 31 December, 2024, all material permits for the current operations were in compliance or were in the renewal process. A list of the key permits is provided in Table 17-2. 17.5.2 Additional Permits The Robertson project received a record of decision in December 2024 and requires a Water Pollution Control permit prior to commencing operations. The State of Nevada is currently reviewing the permit application with approval expected before the end of April 2025. 17.6 Social Considerations, Plans, Negotiations and Agreements Nevada Gold Mines is one of the largest direct employers in the area and also generates significant indirect employment. Prior to the formation of NGM, Barrick had a robust community relations and social performance strategy and a dedicated team to execute on that strategy. This has continued under NGM. Stakeholder engagement is a primary pillar of that strategy and includes participation in local civic activities; city/town council and county commission meetings; serving on boards and committees; town hall meetings; and one-to-one engagement. From this engagement, NGM listens to, and partners with, local organizations to identify a social investment strategy. Education, health, economic development and cultural heritage are key areas for community investments. NGM has also partnered with local law enforcement on public safety initiatives and conservation groups on environmental conservation programs.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 17-6 Table 17-2: Major Permits and Approvals Permit or Approval Granting Agency Plan of Operations, EIS ROD U.S. Department of the Interior, BLM Reclamation Permit NDEP-BMRR Historic Properties Treatment Plan (HPTP) BLM and State Historic Preservation Office (SHPO) Explosives Permit U.S. Department of the Treasury, Bureau of Alcohol, Tobacco, and Firearms Review of jurisdictional determinations for CWA Section 404 permitting US Army Corps of Engineers (USACE), Environmental Protection Agency (EPA) Surface Disturbance Permit Class II Operating Permit Nevada (NV) Department of Conservation and Natural Resources (NV DCNR), NDEP, Bureau of Air Pollution Control, EPA WPCPs NV DCNR, NDEP, BMRR Approval to dispose of solid waste authorized at Cortez Sanitary Landfill (Class III Waiver) NV DCNR, NDEP, Bureau of Waste Management EPA Identification Number from Cortez Mine will be utilized NV DCNR, NDEP, Bureau of Waste Management General Discharge Permit (stormwater) NDEP, Bureau of Water Pollution Control Permit to Operate, NRS 519A.250 Nevada State Minerals Commission, Division of Minerals Status and production of all mining and exploration projects, NRS 519A.260 Nevada State Minerals Commission, Division of Minerals USFWS Avian Protection Plan/Take Permit USFWS Working in Waters Permit NV DCNR, NDEP, Bureau of Water Pollution Control Water Rights Change in Point of Use and Point of Diversion, new appropriations NV DCNR, NDWR Hazardous Materials Permit NV Department of Public Safety-NV State Fire Marshall Liquefied Petroleum Gas NV Board for the Regulation of Liquefied Petroleum Gas Solid and Universal Waste Management (batteries, electric fluorescent lamps) NV DCNR, NDEP, Bureau of Waste Management Develop Obligation Register Internal NGM Requirement

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 17-7 As part of the community affairs program, NGM engages with 10 tribal communities. Prior to the formation of NGM, Barrick worked with eight Western Shoshone communities, but the operational footprint of NGM includes traditional territories of two additional tribes, the Confederated Tribes of the Goshute Reservation and Ft. McDermitt Paiute and Shoshone Tribe. NGM initiated engagement with these two communities when the joint venture was formed. Engagement with partner tribes includes regularly-held meetings called “Dialogue Meetings”; tribal council meetings; community committees; one-to-one engagements and sponsorship of several community-driven initiatives. Through this engagement, NGM works with tribal councils to identify and support community priorities in programs aimed at improving community health and well- being, education attainment, cultural heritage preservation, and economic development. 17.7 Qualified Person’s Opinion on Adequacy of Current Plans to Address Issues Based on the information provided to the QP by NGM (see Chapter 25), there are no material issues known to the QP. The Nevada Operations are mature mining operations and currently have the social license to operate within the local communities.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 18-1 18.0 CAPITAL AND OPERATING COSTS 18.1 Introduction Capital and operating cost estimates are at a minimum at a pre-feasibility level of confidence, having an accuracy level of ±25% and a contingency range not exceeding 15%. 18.2 Capital Cost Estimates 18.2.1 Basis of Estimate Capital costs are based on recent prices or operating data. Capital costs include funding for infrastructure, pit dewatering, development drilling, and permitting as well as miscellaneous expenditures required to maintain production. Mobile equipment re-build/replacement schedules and fixed asset replacement and refurbishment schedules are included. Sustaining capital costs reflect current price trends. 18.2.2 Capital Cost Estimate Summary The overall capital cost estimate for the LOM is US$5.7 B, as summarized in Table 18-1. 18.3 Operating Cost Estimates 18.3.1 Basis of Estimate Operating costs are based on actual costs seen during operations and are projected through the LOM plan. Historical costs are used as the basis for operating cost forecasts for supplies and services unless there are new contract terms for these items. Labor and energy costs are based on budgeted rates applied to headcounts and energy consumption estimates. 18.3.2 Operating Cost Estimate Summary Operating costs for the Nevada Operations are estimated at US$37.3 B, as summarized in Table 18-2.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 18-2 Table 18-1: Capital Cost Estimate Area Unit Value Mine US$ B 3.8 Process US$ B 1.0 General and administrative US$ B 0.1 Goldrush ramp-up US$ B 0.5 Robertson US$ B 0.3 Total US$ B 5.7 Note: Numbers have been rounded; totals may not sum due to rounding. Table 18-2: Operating Cost Estimate Item Units Value Mining US$B 18.2 Processing US$B 11.1 G&A US$B 3.4 Other (incl. stockpile) US$B 4.7 Total US$B 37.3 Note: Numbers have been rounded; totals may not sum due to rounding. G&A = general and administrative Average operating costs over the LOM include: • Mining (open pit and underground): US$10.79/t mined; • Processing costs: US$19.66/t processed; • General and administrative costs (inclusive of transport costs): US$14.22/t processed.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 19-1 19.0 ECONOMIC ANALYSIS 19.1 Methodology Used The financial model that supports the mineral reserve declaration is a standalone model that calculates annual cashflows based on scheduled ore production, assumed processing recoveries, metal sale prices, projected operating and capital costs and estimated taxes. The financial analysis is based on an after-tax discount rate of 5%. All costs and prices are in unescalated “real” dollars. The currency used to document the cashflow is US$. All costs are based on the 2025 budget. Revenue is calculated from the recoverable metals and long-term metal price and exchange rate forecasts. 19.2 Financial Model Parameters The economic analysis is based on the metallurgical recovery predictions in Chapter 10.4, the mineral reserve estimates in Chapter 12, the mine plan discussed in Chapter 13, the commodity price forecasts in Chapter 16, closure cost estimates in Chapter 17.4, and the capital and operating costs outlined in Chapter 18. Royalties were summarized in Chapter 3.9. Taxes assume a rate of 21%, the Nevada Net Proceeds Tax of 5%, and the Nevada Mining Education Tax (see Chapter 3.2.4). The economic analysis is based on 100% equity financing and is reported on a 100% project ownership basis. The economic analysis assumes constant prices with no inflationary adjustments. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. Within the NGM JV, copper sales are generally in the form of concentrate, which is sold to smelters for further treatment and refining, and cathode. Copper is sold in either concentrate or cathode form. These sales are to third party customers. Generally, if a secondary metal expected to be mined is significant to the NGM JV, co-product accounting is applied. When the NGM JV applies co-product accounting at an operation, revenue is recognized for each co-product metal sold, and shared costs applicable to sales are allocated based on the relative sales values of the co-product metals produced. Generally, if a secondary metal expected to be mined is not significant to the Joint Venture, by-product accounting is applied. As copper and silver production at each of the NGM operations is not significant to the NGM JV, production from copper and silver are accounted for as by-product sales. Revenues from by-product sales are credited by NGM and Barrick as a by-product credit. For the purposes of showing a complete cashflow analysis for the Nevada Operations as a whole, silver was treated as a by-product credit.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 19-2 19.3 Economic Analysis The NPV5% is US$6.3 B. Due to the profile of the cashflow, considerations of payback and internal rate of return are not relevant. A summary of the financial results is provided in Table 19-1. An annualized cashflow statement is provided in Table 19-2 and Table 19-3. In these tables, EBITDA = earnings before interest, taxes, depreciation and amortization. The active mining operation ceases in 2048. Closure costs are estimated to 2049. 19.4 Sensitivity Analysis The sensitivity of the Project to changes in metal prices, grade, sustaining capital costs and operating cost assumptions was tested using a range of 20% above and below the base case values (Figure 19-1). The Project is most sensitive to changes in the metal price, followed by operating cost changes and the least sensitive to capital cost changes. Grade is not shown, as the grade sensitivity mirrors the metal price sensitivity.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 19-3 Table 19-1: Cashflow Summary Table (100% basis) Item Unit Value Metal prices Gold $/oz Au 1,400 Copper $/lb Cu 3.00 Silver $/oz Ag 20 Contained metal Total ore Mt 562 Gold tonnage Mt 512 Gold grade g/t 2.82 Copper tonnage Mt 196 Copper grade % 0.18 Silver tonnage Mt 150 Silver grade g/t 7.78 Gold ounces Moz Au 46.5 Copper pounds Mlbs Cu 770 Silver ounces Moz Ag 37.6 Financial metrics Capital costs $B 5.7 Operating cashflow $B 16.4 Discount rate % 5 Free cashflow $B 10.7 Net present value $B 6.1 Note: Numbers have been rounded; totals may not sum due to rounding. Tonnes are metric tonnes. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. Table 19-1 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. Please refer to the note regarding forward-looking information at the front of the Report. The cashflow is only intended to demonstrate the financial viability of the Project. Investors are cautioned that the above is based on a high-level mine plan and certain assumptions which may differ from Newmont’s long-term outlook or actual financial results, including, but not limited to commodity prices, escalation assumptions and other technical inputs. For example, Table 19-1 uses the price assumptions stated in the table, including a gold commodity price assumption of US$1,400/oz, which varies significantly from current gold prices and the assumptions that Newmont uses for its long- term guidance. Please be reminded that significant variation of metal prices, costs and other key assumptions may require modifications to mine plans, models, and prospects.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 19-4 Table 19-2: Annualized Cashflow (2025–2037; 100% basis) Parameter Units Total 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 Total ore mined Mt 464.6 42.8 43.9 48.7 48.5 63.2 54.5 39.3 22.1 21.8 28.3 13.7 5.4 4.0 Waste mined Mt 1,220.7 191.5 163.6 171.3 147.4 124.3 135.7 69.6 97.3 69.1 40.6 4.6 0.9 0.6 Ore tonnes treated Mt 561.7 40.8 40.8 44.1 49.2 67.0 47.4 43.4 34.8 34.6 31.4 29.4 25.8 18.2 Contained gold Moz Au 46.5 3.2 3.1 3.5 3.7 3.8 2.6 2.9 2.6 2.7 2.7 2.4 2.9 1.3 Contained copper Mlb Cu 770.2 65.2 53.8 67.9 73.0 112.9 66.9 60.3 51.3 54.0 69.1 47.1 48.7 0.0 Revenue $B 56.5 3.8 3.7 4.2 4.4 4.3 3.2 3.6 3.2 3.3 3.4 3.0 3.6 1.6 Costs applicable to sales $B 32.6 2.9 2.8 2.7 2.6 2.5 2.3 2.0 1.8 1.8 1.7 1.5 1.2 0.8 Other expenses $B 4.7 0.1 0.1 0.3 0.4 0.6 0.2 0.3 0.2 0.3 0.3 0.4 0.4 0.2 EBITDA $B 19.2 0.7 0.8 1.2 1.3 1.1 0.8 1.3 1.1 1.2 1.5 1.1 2.0 0.5 Operating cashflow (after estimated taxes and other adjustments) $B 16.4 0.5 0.5 1.0 1.2 1.2 0.7 1.2 1.0 1.1 1.3 1.1 1.8 0.6 Total capital $B 5.7 0.9 0.9 1.0 0.6 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.1 0.1 Free cashflow $B 10.7 -0.4 -0.4 0.0 0.7 0.9 0.4 0.9 0.7 0.9 1.1 0.9 1.7 0.5 Note: Numbers have been rounded; totals may not sum due to rounding. Tonnes are metric tonnes. EBITDA = earnings before interest, taxes, depreciation and amortization. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. Table 19-2 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. Please refer to the note regarding forward-looking information at the front of the Report. The cashflow is only intended to demonstrate the financial viability of the Project. Investors are cautioned that the above is based on a high-level mine plan and certain assumptions which may differ from Newmont’s long-term outlook or actual financial results, including, but not limited to commodity prices, escalation assumptions and other technical inputs. For example, Table 19-2 uses the price assumptions stated in the table, including a gold commodity price assumption of US$1,400/oz, which varies significantly from current gold prices and the assumptions that Newmont uses for its long-term guidance. Please be reminded that significant variation of metal prices, costs and other key assumptions may require modifications to mine plans, models, and prospects.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 19-5 Table 19-3: Annualized Cashflow (2038–2050; 100% basis) Parameter Units 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 Total ore mined Mt 3.7 3.8 3.7 3.8 3.8 3.9 1.9 1.8 1.4 0.7 0.0 0.0 0.0 Waste mined Mt 0.6 0.7 0.5 0.4 0.5 0.5 0.3 0.3 0.2 0.2 0.0 0.0 0.0 Ore tonnes treated Mt 6.6 6.0 5.8 5.7 4.9 5.0 5.0 5.0 4.6 3.9 2.4 0.0 0.0 Contained gold Moz Au 1.1 1.2 1.0 1.0 0.8 0.9 0.9 0.9 0.7 0.4 0.1 0.0 0.0 Contained copper Mlb Cu 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Revenue $B 1.4 1.4 1.3 1.3 1.0 1.1 1.1 1.1 0.8 0.6 0.2 0.0 0.0 Costs applicable to sales $B 0.7 0.7 0.7 0.7 0.6 0.7 0.5 0.5 0.4 0.3 0.1 0.0 0.0 Other expenses $B 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 EBITDA $B 0.6 0.6 0.5 0.5 0.3 0.4 0.5 0.5 0.4 0.2 0.1 0.0 0.0 Operating cashflow (after estimated taxes and other adjustments) $B 0.5 0.5 0.4 0.4 0.3 0.3 0.4 0.4 0.3 0.2 0.0 -0.5 0.0 Total capital $B 0.1 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Free cashflow $B 0.4 0.5 0.3 0.4 0.2 0.3 0.4 0.4 0.3 0.2 0.0 -0.5 0.0 Note: Numbers have been rounded; totals may not sum due to rounding. Tonnes are metric tonnes. EBITDA = earnings before interest, taxes, depreciation and amortization. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. Table 19-3 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. Please refer to the note regarding forward-looking information at the front of the Report. The cashflow is only intended to demonstrate the financial viability of the Project. Investors are cautioned that the above is based on a high-level mine plan and certain assumptions which may differ from Newmont’s long-term outlook or actual financial results, including, but not limited to commodity prices, escalation assumptions and other technical inputs. For example, Table 19-3 uses the price assumptions stated in the table, including a gold commodity price assumption of US$1,400/oz, which varies significantly from current gold prices and the assumptions that Newmont uses for its long-term guidance. Please be reminded that significant variation of metal prices, costs and other key assumptions may require modifications to mine plans, models, and prospects.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 19-6 Figure 19-1: NPV Sensitivity Note: Figure prepared by Barick, 2025. NPV = net present value. Left hand axis in US$ B.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 20-1 20.0 ADJACENT PROPERTIES This Chapter is not relevant to this Report.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 21-1 21.0 OTHER RELEVANT DATA AND INFORMATION This Chapter is not relevant to this Report.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 22-1 22.0 INTERPRETATION AND CONCLUSIONS 22.1 Introduction The QP notes the following interpretations and conclusions, based on the review of data available for this Report. 22.2 Property Setting The Nevada Operations are located in a portion of Nevada State that has seen mining activities for over 100 years, and modern-scale operations since the 1960s. As a result, local and regional infrastructure and the supply of goods available to support mining operations is well-established. Personnel with experience in mining-related activities are available in the district. There are excellent transportation routes that access northern Nevada. There are no significant topographic or physiographic issues that would affect the Nevada Operations. Vegetation is typically sparse. The most common current land use is for livestock grazing. Mining operations are conducted year-round. 22.3 Ownership NGM is a JV between Barrick and Newmont. Barrick is the JV operator and has a 61.5% interest, with Newmont owning the remaining 38.5% interest. 22.4 Mineral Tenure, Surface Rights, Water Rights, Royalties and Agreements The Nevada Operations currently includes 20 operations PoOs and 33 exploration PoOs. The area includes private land (surface and minerals) owned or controlled by NGM, and land owned by the federal government that is administered by the BLM. NGM provided a claims list, fee property list, and location plans for the PoOs. The areas in the claims tables reflect the staked claim area; the areas have not been modified for claim overlaps. In some instances, where the same claims are reported within two or more PoOs; the claims are included in the claims list for the individual PoO for completeness, but have been removed for area and claim number totaling purposes. Within the operations PoO areas are 10,614 lode, millsite, placer and patented claims covering an approximate area of 175,214 acres. Within the exploration PoO areas, 9,257 lode, millsite, placer and patented claims cover an area of approximately 182,881 acres. Between the operations and the exploration PoOs, NGM holds a total of 19,871 claims covering an area of approximately 358,095 acres.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 22-2 In addition, NGM holds a number of fee properties, within the operations and exploration PoOs. Collectively, these cover an area of approximately 105,567.30 acres. On 11 March, 2019, Barrick and Newmont announced the formation of the NGM JV. Newmont, Barrick, and their respective affiliates that held properties in the AOI contributed to NGM the respective rights, titles and interests in, to, or under, all properties located in the AOI and any other assets, properties or rights located in Nevada. Newmont and Barrick excluded certain development and exploration properties that the companies held within the AOI from the JV; these included Newmont’s Fiberline and Mike projects, and Barrick’s Fourmile project. The JV has a mechanism for the potential contribution of the excluded properties to NGM in the future. A number of agreements exist with federal, state, and third-party entities and these are monitored using a land management database. NGM holds all necessary surface rights for the current mining operations. Additional surface rights will be required to support the Goldrush project envisaged in the LOM plan in this Report. NGM currently maintains a combination of approximately 1,350 active surface and groundwater rights within 38 hydrographic basins. NGM holds all necessary water rights for the LOM plan envisaged in this Report. There are numerous royalties that pertain to the active mines within the Nevada Operations. Royalty payments vary, as the payments depend upon actual tonnages mined, the amount of gold recovered from that mined material, the deposit being mined, the receiving entity, and the type of royalty. Active royalty payments are included in the LOM economic analysis. 22.5 Geology and Mineralization The deposits that comprise the Nevada Operations are considered to be examples of Carlin-style carbonate-hosted disseminated gold–silver deposits and intrusion-related gold–copper–silver skarn deposits. The geological understanding of the settings, lithologies, and structural and alteration controls on mineralization in the different zones is sufficient to support estimation of mineral resources and mineral reserves. The geological knowledge of the area is also considered sufficiently acceptable to reliably inform mine planning. The mineralization style and setting are well understood and can support declaration of mineral resources and mineral reserves. Exploration potential exists adjacent to many of the deposits, along strike and at depth along favorable mineralized structures and within the favorable host lithologies. NGM continues to actively explore in the immediate and near-mine areas. Multiple opportunities exist in the district to expand known deposits and discover additional mineralization.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 22-3 22.6 History The Nevada Operations have over 60 years of active mining history, with modern mining operations commencing in 1965. Modern exploration activity by Newmont and Barrick and their predecessor companies, commenced in the late 1950s. 22.7 Exploration, Drilling, and Sampling The exploration programs completed to date are appropriate for the style of the mineralization within the Nevada Operations area. Drill holes are oriented with an inclination to accommodate the steeply-dipping nature of the Ahafo deposits, resulting in an intersection generally representing 75–85% of true width. Drilling is orientated generally perpendicular to the strike of the orebodies. Local variations may be present to accommodate infrastructure constraints. Sampling methods, sample preparation, analysis and security conducted prior to Newmont’s interest in the operations were in accordance with exploration practices and industry standards at the time the information was collected. Current NGM sampling methods are acceptable for mineral resource and mineral reserve estimation. Sample preparation, analysis and security for the NGM programs are currently performed in accordance with general industry standards. The quantity and quality of the lithological, geotechnical, collar and down-hole survey data collected during the exploration and delineation drilling programs are sufficient to support mineral resource and mineral reserve estimation. The collected sample data adequately reflect deposit dimensions, true widths of mineralization, and the style of the deposits. Sampling is representative of the gold and, where relevant, copper grades in the deposits, reflecting areas of higher and lower grades. Density measurements are considered to provide acceptable density values for use in mineral resource and mineral reserve estimation. The sample preparation, analysis, quality control, and security procedures used by the Nevada Operations have changed over time to meet evolving industry practices. Practices at the time the information was collected were industry-standard, and frequently were industry-leading practices. The sample preparation, analysis, quality control, and security procedures are sufficient to provide reliable data to support estimation of mineral resources and mineral reserves. The QA/QC programs adequately address issues of precision, accuracy and contamination. Modern drilling programs typically included blanks, duplicates and standard samples. QA/QC submission rates meet industry-accepted standards. 22.8 Data Verification Validation checks are performed by NGM operations personnel on data used to support estimation comprise checks on surveys, collar coordinates, lithology data (cross-checking from

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 22-4 photographs), and assay data. Errors noted are rectified in the database prior to data being flagged as approved for use in resource estimation. Reviews performed by external consultants were undertaken in support of acquisitions, support of feasibility-level studies, and in support of technical reports, producing independent assessments of the database quality. No significant problems with the database, sampling protocols, flowsheets, check analysis program, or data storage were noted. NGM considers that a reasonable level of verification has been completed, and that no material issues would have been left unidentified from the programs undertaken. The QP requested that information, conclusions, and recommendations presented in the body of this Report be reviewed by Newmont staff as a further level of data verification. Feedback from the reviewers was incorporated into the Report as required. The QP has reviewed the reports and is of the opinion that the data verification programs completed on the data collected from the Project are consistent with industry best practices and that the database is sufficiently error-free to support the geological interpretations and mineral resource and mineral reserve estimation, and mine planning. 22.9 Metallurgical Testwork Industry-standard studies were performed as part of process development and initial mill design. Subsequent production experience and focused investigations guided mill alterations and process changes. Testwork programs, both internal and external, continue to be performed to support current operations and potential improvements. From time to time, this may lead to requirements to adjust cut-off grades, modify the process flowsheet, or change reagent additions and plant parameters to meet concentrate quality, production, and economic targets. Samples selected for testing were representative of the various types and styles of mineralization. Samples were selected from a range of depths within the deposit. Sufficient samples were taken so that tests were performed on sufficient sample mass. Recovery factors estimated are based on appropriate metallurgical testwork, and are appropriate to the mineralization types and the selected process routes. Gold recovery is a function of the processing method (e.g., heap leaching, CIL, roasting, and arsenic concentration for refractory ore) and the lithology of the mineralization being processed. As applicable, recovery estimates include consideration of the head grade, cyanide-soluble gold to fire assay gold ratio, sulfide sulfur concentration, total organic carbon concentration, and silica concentration. Copper recovery models were derived from a statistical review of the metallurgical data and range in complexity from simple, fixed recoveries to complex, multi-variable equations. The following input variables were available as possible drivers of recovery: head grade, copper leach ore type, alteration type, formation, and various trace elements. The mill throughput and associated recovery factors are considered appropriate to support mineral resource and mineral reserve estimation, and mine planning. Depending upon the specific processing facility, several processing factors or deleterious elements could have an economic impact on extraction efficiency of a certain ore source, based

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 22-5 either on the presence, absence, or concentration of the following constituents in the processing stream: organic carbon; sulfide sulfur; carbonate carbon; arsenic; mercury; antimony; and copper. However, under normal ore routing and blending practices at NGM where material from several sites may be processed at one facility, the above list of constituents is typically not a concern. 22.10 Mineral Resource Estimates NGM has a set of protocols, internal controls, and guidelines in place to support the mineral resource estimation process. All mineralogical information, exploration boreholes and background information were provided to the estimators by the geological staff at the mines or by exploration staff. Mineral resources are reported using the mineral resource definitions set out in SK1300, and are reported exclusive of those mineral resources converted to mineral reserves. The reference point for the estimate is in situ. Mineral resources are reported on a 100% basis. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. Factors that may affect the mineral resource estimate include: changes to long-term metal price and exchange rate assumptions; changes in local interpretations of mineralization geometry such as pinch and swell morphology, extent of brecciation, presence of unrecognized mineralization off-shoots; faults, dykes and other structures; and continuity of mineralized zones; changes to geological and grade shape, and geological and grade continuity assumptions; changes to variographic interpretations and search ellipse ranges that were interpreted based on limited drill data, when closer-spaced drilling becomes available; changes to the estimation methodology; changes to metallurgical recovery assumptions; changes to the input assumptions and optimization methodology used to derive the potentially-mineable shapes applicable to the assumed underground and open pit mining methods used to constrain the estimates; changes to the forecast dilution and mining recovery assumptions; changes to the cut-off values applied to the estimates; variations in geotechnical (including seismicity), hydrogeological and mining method assumptions; changes to environmental, permitting and social license assumptions. Mineralization at the Robertson deposit is genetically different to the mineralization currently mined within the Cortez Complex. Additional metallurgical testwork is planned, and results from this work may impact options for processing the mineralization and subsequent recovery expectations. Optimization at the Phoenix Complex is based on the combined value of recovered gold, silver and copper. Changes to the price of one or more commodities may impact the optimization. 22.11 Mineral Reserve Estimates Mineral reserves were converted from measured and indicated mineral resources. Inferred mineral resources were excluded from mineral reserve estimates. All current mineral reserves will be exploited using open pit mining methods, underground mining methods, or are in stockpiles. Mineral reserves amenable to open pit mining methods were estimated assuming open pit methods with conventional methods for drilling, blasting, loading with hydraulic shovels and haulage by large trucks. Mineral reserves amenable to underground

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 22-6 mining methods were estimated assuming conventional stoping methods. Mineral resources were converted to mineral reserves using a detailed mine plan, an engineering analysis, and consideration of appropriate modifying factors. Modifying factors include the consideration of dilution and ore losses, open pit and underground mining methods, metallurgical recoveries, permitting and infrastructure requirements. Mineral reserves are reported using the mineral reserve definitions set out in SK1300. The reference point for the estimate is the point of delivery to the process facilities. Mineral reserves are reported on a 100% basis. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. Factors that may affect the mineral reserve estimates include: changes to long-term metal price assumptions; changes to metallurgical recovery assumptions; changes to the input assumptions used to derive the mineable shapes applicable to the assumed underground and open pit mining methods used to constrain the estimates; changes to the forecast dilution and mining recovery assumptions; changes to the cut-off grades used to constrain the estimates; variations in geotechnical (including seismicity), hydrogeological, mining, and processing recovery assumptions; and changes to environmental, permitting and social license assumptions. 22.12 Mining Methods Mining operations can be conducted year-round. Open pit mining is conducted using conventional techniques and an owner-operated conventional truck and shovel fleet. The open pit mine plans are appropriately developed to maximize mining efficiencies, based on the current knowledge of geotechnical, hydrogeological, mining and processing information on the Project. Underground mining is currently conducted using conventional long-hole stoping or drift-and-fill methods, and conventional mechanized equipment. The underground mine plans are based on the current knowledge of geotechnical, hydrogeological, mining and processing information. At certain sites, adjustments to mining methods is in process to reflect rock mass conditions. The LOM plan assumes 562 Mt of ore and 1,221 Mt of waste will be mined and treated. As part of day-to-day operations, NGM will continue to perform reviews of the mine plan and consider alternatives to, and variations within, the plan. Alternative scenarios and reviews may be based on ongoing or future mining considerations, evaluation of different potential input factors and assumptions, and corporate directives. 22.13 Recovery Methods The process facilities designs were based on a combination of metallurgical testwork, previous study designs, previous operating experience. The designs are generally conventional to the gold industry and have no novel parameters.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 22-7 The facilities will produce variations in recovery due to the day-to-day changes in ore type or combinations of ore type being processed. These variations are expected to trend to the forecast recovery value for monthly or longer reporting periods. 22.14 Infrastructure The majority of the key infrastructure to support the mining activities envisaged in the LOM is in place. New infrastructure will be required to support proposed operations at each of the Carlin, Cortez, Phoenix, and Turquoise Ridge Complexes. A stockpiling strategy is practiced to defer lower-grade ores to the end of mine life. There is sufficient capacity in the existing heap leach pads and planned heap leach pad expansions, existing WRSFs and planned WRSF expansions, and existing TSFs and planned TSF expansions for LOM planning purposes. The current water sources, assuming similar climate conditions to those experienced by the operations in the past, will be sufficient for the LOM plan. The current water management practices are expected to be largely applicable for the LOM plan. The existing infrastructure, staff availability, existing power, water, and communications facilities, and the methods whereby goods are transported to the mine are all in place and well-established, and can support the estimation of mineral resources and mineral reserves. Requirements for additional infrastructure to support the proposed operations at Goldrush and Robertson are well understood. Personnel commute from surrounding settlements. Electrical power for the Carlin, Cortez, Turquoise Ridge, and Phoenix Complexes is generally obtained via TS power plant and from the Western 102 power plant (both of which are owned and operated by NGM) with transmission by NV Energy. Power for Gold Quarry and Goldrush is supplied via the Wells Rural Electric Power Company. 22.15 Market Studies NGM has established contracts and buyers for the gold bullion, copper concentrate, and copper cathode products from the Nevada Operations. Together with public documents and analyst forecasts, these data support that there is a reasonable basis to assume, for the LOM plan, that the key products will be saleable at the assumed commodity pricing. Barrick, as operator of the NGM JV, provides the commodity price guidance. Higher metal prices are used for the mineral resource estimates to ensure the mineral reserves are a sub-set of, and not constrained by, the mineral resources, in accordance with industry-accepted practice. NGM has contracts in place for the majority of the copper concentrate with smelters and various traders. The terms contained within the sales contract are typical of and consistent with standard industry practice and are like contracts for the supply of copper concentrate throughout the world. The Phoenix copper leach facility produces cathode copper which is sold to a trader who re-sells

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 22-8 for product manufacturing. The terms contained within the sales contract are typical of and consistent with standard industry practice and are like contracts for the supply of copper cathode globally. The joint venture agreement requires that Newmont and Barrick purchase 100% of the refined doré that NGM produces on a pro rata basis, according to the individual company’s joint venture interest. The terms contained within Newmont’s sales contracts are typical and consistent with standard industry practice and are similar to contracts for the supply of bullion elsewhere in the world. The largest in-place contracts other than for product sales cover items such as bulk commodities, operational and technical services, mining and process equipment, and administrative support services. Contracts are negotiated and renewed as needed. 22.16 Environmental, Permitting and Social Considerations Baseline and supporting environmental studies were completed to assess both pre-existing and ongoing site environmental conditions, as well as to support decision-making processes during operations start-up. Characterization studies were completed for climate, air quality, hydrology and surface water quality, hydrogeology, flora, fauna, soils, agriculture and land use, and the socioeconomic environment. Plans were developed and implemented to address aspects of operations such as waste and fugitive dust management, spill prevention and contingency planning, water management, and noise levels. NGM currently has posted approximately US$2.15 B in financial assurances in the form of letters of credit and surety bonds to cover mine closure costs. Additionally, there are several trusts associated with closure cost planning. As part of its permitting requirements, NGM has submitted and received approval on numerous PoOs and Reclamation Plans for each area. NGM has submitted and/or provided information to support NEPA evaluation for each area containing public lands. The PoOs are updated and amended as necessary to allow for continuation of mining or additional mine development. The Nevada Operations have the required permits to operate or will be applying for the permits as they are required for mine development. NGM is one of the largest direct employers in the area and also generates significant indirect employment. Prior to the formation of NGM, Barrick had a robust community relations and social performance strategy and a dedicated team to execute on that strategy. This has continued under NGM. Stakeholder engagement is a primary pillar of that strategy and includes participation in local civic activities; city/town council and county commission meetings; serving on boards and committees; town hall meetings; and one-to-one engagement. From this engagement, NGM listens to, and partners with, local organizations to identify a social investment strategy. As part of the community affairs program, NGM engages with 10 tribal communities. Engagement with partner tribes includes regularly-held meetings called “Dialogue Meetings”; tribal council meetings; community committees; one-to-one engagements and sponsorship of several community-driven initiatives. Through this engagement, NGM works with tribal councils to identify

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 22-9 and support community priorities in programs aimed at improving community health and well- being, education attainment, cultural heritage preservation, and economic development. 22.17 Capital Cost Estimates Capital costs were based on recent prices or operating data and are at a minimum at a pre- feasibility level of confidence, having an accuracy level of ±25% and a contingency range not exceeding 15%. Capital costs included funding for infrastructure, pit dewatering, development drilling, and permitting as well as miscellaneous expenditures required to maintain production. Mobile equipment re-build/replacement schedules and fixed asset replacement and refurbishment schedules were included. Sustaining capital costs reflected current price trends. The overall capital cost estimate for the LOM is US$5.7 B. 22.18 Operating Cost Estimates Operating costs were based on actual costs seen during operations and are projected through the LOM plan, and are at a minimum at a pre-feasibility level of confidence, having an accuracy level of ±25% and a contingency range not exceeding 15%. Historical costs were used as the basis for operating cost forecasts for supplies and services unless there are new contract terms for these items. Labor and energy costs were based on budgeted rates applied to headcounts and energy consumption estimates. The LOM operating costs are estimated at US$37.3 B. The average mining costs (open pit and underground) over the LOM are US$10.79/t mined, process costs are $19.66/t, and general and administrative costs (inclusive of transport costs, dewatering, freight, refining community and royalty costs) are US$14.22/t processed. 22.19 Economic Analysis The NPV5% is US$6.1 B on a 100% basis. Barrick owns a 61.5% JV interest, with Newmont owning the remaining 38.5% JV interest. Due to the profile of the cashflow, considerations of payback and internal rate of return are not relevant. 22.20 Risks and Opportunities Factors that may affect the mineral resource and mineral reserve estimates were identified in Chapter 11.13 and Chapter 12.9 respectively.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 22-10 22.20.1 Risks The risks associated with the Nevada Operations are generally those expected with open pit and underground mining operations and include the accuracy of the resource models, unexpected geological features that cause geotechnical issues, and/or operational impacts. Other risks noted include: • Consumables price increases for items such as electricity, fuel, tires, and chemicals would negatively impact the stated mineral reserves and mineral resources; • Geotechnical and hydrogeological assumptions used in mine planning are based on historical performance, and to date historical performance has been a reasonable predictor of current conditions. Any changes to the geotechnical (including seismicity) and hydrogeological assumptions could affect mine planning, affect capital cost estimates if any major rehabilitation is required due to a geotechnical or hydrogeological event, affect operating costs due to mitigation measures that may need to be imposed, and alter the economic analysis that supports the mineral reserve estimates; • There is a risk that the capital cost estimates at mines under development may increase as construction progresses. This may negatively affect the economic analysis that supports the mineral reserve estimates; • The LOM plan assumes that new TSFs can be permitted based on envisaged timelines. If the permitting schedule is delayed, this could impact costs and proposed production; • Updated industry standards for TSFs may have an impact on the envisaged TSF costs; • The LOM plan assumes that ore is sent to the process facility that will provide optimal results (costs, metallurgical recoveries). Should, for operational reasons, a different process facility be selected, then higher operating costs and/or lower recoveries may result; • The LOM plan envisages blending of numerous ore sources at the various process facilities. Non-optimal blends could impact operating costs, plant throughputs, and metallurgical recoveries. There may be potential for exceedances on environmental monitoring limits if such blends are not well controlled; • Stockpiled materials can undergo degradation over time, and the metallurgical constituents or recoveries assumed for stockpiled materials may be lower than that assumed in the LOM plan; • Management of threatened and endangered species may delay permits and increase capital and/or operating costs. Although there are site-specific management plans, either planned or in place, if there is a major impact seen on the populations from mining activities, the environmental permits for the operations

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 22-11 could be revised or even revoked. The social license to operate could also be impacted; • On-highway transport of ore or concentrate could be impacted by changes to regulations on the number of trucks that can be used; • Ability to permit and construct the proposed railway from the Cortez Complex Cortez site to the Carlin Complex on schedule and budget; • Exceedances of permit conditions have historically occurred at certain of the process facilities. Should such exceedances recur, there could be social and regulatory impacts to operations, mine plans, and the forecast economic analyses; • The long-term reclamation and mitigation of the Nevada Operations are subject to assumptions as to closure timeframes and closure cost estimates. If these cannot be met, there is a risk to the costs and timing; • Water treatment costs, particularly the assumptions used for the Turquoise Ridge Complex, may be higher than envisaged, requiring modifications to the capital and operating cost assumptions used in the economic analysis; • Climate changes could impact operating costs and ability to operate; • There is increasing regulatory pressure to relinquish unused water rights which could limit future optionality; • Newmont is the minority partner in the NGM JV and does not exercise day-to-day control over NGM’s operations; • Political risk from challenges to the current state or federal mining laws. 22.20.2 Opportunities Opportunities include: • Conversion of some or all of the measured and indicated mineral resources currently reported exclusive of mineral reserves to mineral reserves, with appropriate supporting studies; • Upgrade of some or all of the inferred mineral resources to higher-confidence categories, with additional drilling and supporting studies, such that this higher- confidence material could potentially be converted to mineral reserve estimates; • Higher metal prices than forecast could present upside sales opportunities and potentially an increase in predicted Project economics; • NGM holds a significant ground package within the AOI that retains significant exploration potential: o Exploration potential around current and historical open pits;

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 22-12 o Potential for new underground operations proximal to the current mineral resource and mineral reserve estimates, with the support of additional studies. 22.21 Conclusions Under the assumptions presented in this Report, the Nevada Operations have a positive cashflow, and mineral reserve estimates can be supported.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 23-1 23.0 RECOMMENDATIONS As the Nevada Operations are a complex of operating mines, the QP has no material recommendations to make.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-1 24.0 REFERENCES 24.1 Bibliography Altman, K.A., Bergen, R.D., Collins, S.E., Moore, C.M., and Valliant, W.W., 2016: Technical Report on the Cortez Operations, State of Nevada, U.S.A., NI 43-101 report; report prepared by Roscoe Postle Associates Inc. for Barrick Gold Corporation, effective date March 21, 2016 Bergen, R.D., Gareau, M.B., and Altman, K.A., 2012: Technical Report on the Cortez Joint Venture Operations, Lander And Eureka Counties, State Of Nevada, U.S.A. NI 43-101: report prepared by Roscoe Postle Associates Inc. for Barrick Gold Corporation, effective date March 16, 2012. Bolin, L., Fiddes, C., Yopps, S.W., 2020: Technical Report on the Turquoise Ridge Complex, State Of Nevada, USA NI 43-101 Report: Prepared For Newmont Corporation And Barrick Gold Corporation By Nevada Gold Mines LLC effective date December 31, 2019. Cline, J.S., Hofstra, A.H., Muntean, J.L., Tosdal, R.M., and Hickey, K.A., 2005: Carlin-Type Gold Deposits in Nevada: Critical Geologic Characteristics and Viable Models: SEG Economic Geology 100th Anniversary Volume. Cox., J.J., Valliant, W.W., Altman, K.A., Geusebroek, P.A., 2018: Technical Report on the Turquoise Ridge Mine, State Of Nevada, U.S.A. NI 43-101 Report: report prepared by Roscoe Postle Associates Inc. for Barrick Gold Corporation, effective date March 19, 2018. Cox., J.J., Geusebroek, P.A., Valliant, W.W., Haggarty, S., 2019: Technical Report on the Goldstrike Mine, Eureka And Elko Counties, State Of Nevada, USA NI 43-101 Report: report prepared by Roscoe Postle Associates Inc. for Barrick Gold Corporation, effective date March 22, 2019. Doe, D., 2018: Carlin Operations, Nevada USA, NI 43-101 Report: report prepared for Newmont Mining Corporation, effective date 31 December, 2018. Doe, D., 2021: Nevada Operations, Nevada, USA, Technical Report Summary: report current as at 31 December, 2021, 261 p. Evans, L., Collins, S.E., Cox, J.J., Krutzelmann, H., 2017: Technical Report on the Goldstrike Mine, Eureka and Elko Counties, Nevada, U.S.A. NI 43-101 Report: report prepared by Roscoe Postle Associates Inc. for Barrick Gold Corporation, effective date April 25, 2017. Fiddes, C., Olcott, J., Bolin, C.L. and Yopps, S.W., 2020: Technical Report on the Carlin Complex, Eureka and Elko Counties, State of Nevada, USA: report prepared for Barrick Gold Corporation and Newmont Corporation by Nevada Gold Mines LLC, effective date March 25, 2020. Fiddes, C., Olcott, J.D., Webber, T., Bennett, N., and Langhans J.W., 2022: Technical Report on the Cortez Complex, Lander and Eureka Counties, State of Nevada, USA: report prepared for Barrick Gold Corporation by Nevada Gold Mines LLC, effective date 31 December, 2021. Fiddes, C., Langhans, J., Schmiesing, P., Becker, J., Webber, T., and Bottoms, S., 2024: NI 43- 101 Technical Report on the Turquoise Ridge Complex Humboldt County, Nevada, USA: report prepared for Barrick Gold Corporation by Nevada Gold Mines LLC , effective date 31 December, 2023.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-2 Fiddes, C., Langhans, J., Schmiesing, P., Becker, J., Webber, T., and Bottoms, S., 2025: NI 43- 101 Technical Report on the Carlin Complex, Eureka and Elko County, Nevada, USA: report prepared for Barrick Gold Corporation by Nevada Gold Mines LLC (draft). Heitt, D.G., 2002: Newmont’s Reserve History on the Carlin Trend, 1965–2001: in Thompson, T.B., Teal, L., and Meeuwig, R.O., eds, Gold Deposits of the Carlin Trend, Nevada Bureau of Mines and Geology Bulletin 111, pp. 35–45. Hofstra A.H., Leventhal J.S., Northrop H.R., Landis G.P., Rye R.O., Birak D.J., and Dahl A.R., 1991: Genesis Of Sediment-Hosted Disseminated Gold Deposits By Fluid Mixing And Sulfidization: Chemical-Reaction-Path Modeling Of Ore-Depositional Processes Documented In The Jerritt Canyon District, Nevada: Geology 19:36–40. Hotz, P.E., 1963: Geology and Mineral Deposits of the Osgood Mountains Quadrangle, Humboldt County, Nevada, Preston E. Hotz and Ronald Wilden. Washington, U.S. Government Printing Office, 1963. Jory, J., 2002: Stratigraphy and Host Rock Controls of Gold Deposits of the Northern Carlin Trend: in Thompson, T.B., Teal, L., and Meeuwig, R.O., eds, Gold Deposits of the Carlin Trend, Nevada Bureau of Mines and Geology Bulletin 111, pp. 20–34. Kantor, J.A., and Wyatt, C.J., 2020: NI 43-101 Technical Report on the Ren Property, Elko County, Nevada, USA: report prepared by Behre Dolbear and Company (USA) Inc. for Ely Gold Royalties Inc., effective date 2 December, 2020. Miranda, H., Altman, K.A., Geusebroek, P.A., Valliant, W.W., Bergen, R.D., 2019: Technical Report on the Cortez Joint Venture Operations, Lander and Eureka Counties, State Of Nevada, U.S.A. NI 43-101 Report: report prepared by Roscoe Postle Associates Inc. for Barrick Gold Corporation, March 22, 2019. Moore, C.M., Bergen, R.D., Valliant, W.W., Collins, S.E., Altman, K.A., 2012: Technical Report On The Goldstrike Mine, Eureka & Elko Counties, State Of Nevada, U.S.A., NI 43-101 Report: report prepared by Roscoe Postle Associates Inc. for Barrick Gold Corporation, effective date March 16, 2012. Muntean, J.L, (ed.), 2018: Diversity of Carlin-Style Gold Deposits: SEG Reviews in Economic Geology, Volume 20. Nevada Gold Mines, 2021: Investor Day Presentation: PowerPoint slide deck, May 2021, 82 p. Nevada Gold Mines, 2022: 2021 Q4 Results Release: news release, 16 February 2022, 31 p. Nevada Gold Mines, 2024: Investor Day Presentation: PowerPoint slide deck, November 2024, 156 p. Nevada Gold Mines, 2025a: Qualified Persons Summary to Support Year End Reserves and Resources, Carlin Complex; report prepared year-end 31 December, 2024, 23 p. Nevada Gold Mines, 2025b: Qualified Persons Summary to Support Year End Reserves and Resources, Cortez; report prepared year-end 31 December, 2024, 102 p. Nevada Gold Mines, 2025c: Qualified Persons Summary to Support Year End Reserves and Resources, Phoenix; report prepared year-end 31 December, 2024, 86 p. Nevada Gold Mines, 2025d: Qualified Persons Summary to Support Year End Reserves and Resources, Turquoise Ridge; report prepared year-end 31 December, 2024, 107 p.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-3 Odell, D., Symmes, L., and Raponi, R., 2021: Preliminary Feasibility Study for the South Arturo Mine, Elko County, NV: report prepared by Practical Mining LLC for Premier Gold Mines Ltd., readdressed to I-80 Gold Corp., effective date 1 December, 2020. Papke, K.G., and Davis, D.A., 2019: Mining Claim Procedures for Nevada Prospectors and Miners, Fifth Edition: Nevada Bureau of Mines and Geology, Mackay School of Mines, 2019 update, 58 p. Rhys, D., Valli, F., Burgess, R., Heitt, D., Griesel, G. and Hart, K., 2015: Controls of Fault and Fold Geometry on the Distribution of Gold Mineralization on the Carlin Trend: in Prennell, W.M. and Garside, L.J., eds, New Concepts and Discoveries. Geological Society of Nevada 2015 Symposium. Vol. Geological Society of Nevada Reno/Sparks, NV, p. 333–389. Stewart, J.H., 1980: Geology of Nevada: a discussion to accompany the Geologic Map of Nevada: Nevada Bureau of Mines and Geology Special Publication, No. 4, 136 p. Teal, L., and Jackson, M., 2002: Geologic Overview of the Carlin Trend Gold Deposits: in Thompson T.B., Teal, L., and Meeuwig, R.O., eds., Gold Deposits of the Carlin Trend: Nevada Bureau of Mines and Geology, Bulletin 111, p. 9–19. Williams, T.J., Brady, T.M., Bayer, D.C., Bren, M.J., Pakalnis, R.C., Marjerison, J.A., and Langston, R.B., 2007: Underhand Cut and Fill Mining as Practiced in Three Deep Hard Rock Mines in the United States: Centers for Disease Control and Prevention, https://stacks.cdc.gov › view › cdc › cdc_9328_DS1. 24.2 Abbreviations Abbreviation/Symbol Term AA atomic absorption AAL American Assay Laboratory ALS ALS Chemex Barrick Barrick Gold Corporation BLM US Bureau of Land Management BMRR Bureau of Mining Regulation and Reclamation CAI organic carbon CIC carbon-in-column CIL carbon-in-leach CIP carbon-in-pulp CRF cemented rock fill CSAMT controlled-source audio-frequency telluromagnetics DNA Determination of NEPA Adequacy DSO Deswick stope optimizer DWR State Division of Water Resources EA Environmental Assessments EIA Environmental Impact Assessment EIS Environmental Impact Statement

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-4 Abbreviation/Symbol Term Elliot Elliot Geophysical Laboratories EM electromagnetics EW electrowin FA fire assay FONSI Findings of No Significant Impacts G&A general and administrative GPS global positioning system GSI geological strength index ICP inductively coupled plasma ICP AES inductively coupled plasma–atomic emission spectroscopy ICP-MS inductively coupled plasma–mass spectrometry ID2 inverse distance to the power of two ID3 inverse distance to the power of three IP induced polarization IRMR in situ rock mass rating LG Lerchs–Grossmann LHD load, haul, dump LIK local indicator kriging LOM life-of-mine MSO mineable stope optimizer MT magnetotellurics NAC Nevada Administrative Code NaCN cyanide NAL North Area Leach pads NDEP Nevada Division of Environmental Protection NEPA National Environmental Policy Act Newmont Newmont Mining Corporation NEX North East Extension NGM Nevada Gold Mines NN nearest neighbor OK ordinary kriging PAG potentially acid-generating PoO Plan of Operations POX pressure oxidation QA/QC quality assurance and quality control QP Qualified Person RC reverse circulation RIL resin-in-leach RMR rock mass rating

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-5 Abbreviation/Symbol Term ROD Record of Decision ROM run-of-mine RQD rock quality description SAG semi-autogenous grind SAL South Area leach pads SART sulfidization, acidification, recycling and thickening Sdrm Silurian Roberts Mountain SDrm Siluro-Devonian Roberts Mountains Formation SME Society for Mining, Metallurgy and Exploration SP self-potential SRCE Standard Reclamation Cost Estimator SRM standard reference materials SX/EW solvent extraction and electrowinning TSF tailing storage facility UCS unconfined compressive strength US United States USGS US Geological Survey WPCPs water pollution control permits WRSF waste rock storage facilities XRD X-ray diffraction XRF X-ray fluorescence Zonge Zonge Engineering 24.3 Glossary of Terms Term Definition advanced argillic alteration Consists of kaolinite + quartz + hematite + limonite. feldspars leached and altered to sericite. The presence of this assemblage suggests low pH (highly acidic) conditions. At higher temperatures, the mineral pyrophyllite (white mica) forms in place of kaolinite allochthonous Having originated at a distance from its present position alluvium Unconsolidated terrestrial sediment composed of sorted or unsorted sand, gravel, and clay that has been deposited by water. anticline A ridge-shaped fold of stratified rock in which the strata slope downward from the crest antiform A type of fold which closes upwards and its limbs dip away from the hinge aquifer A geologic formation capable of transmitting significant quantities of groundwater under normal hydraulic gradients.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-6 Term Definition argillic alteration (argillized, argillization) Introduces any one of a wide variety of clay minerals, including kaolinite, smectite and illite. Argillic alteration is generally a low temperature event, and some may occur in atmospheric conditions autoclave A special reaction vessel designed for high pressure and temperature hydrometallurgical reactions, for example in the treatment of refractory ores axial plane The axial plane of a fold is the plane or surface that divides the fold as symmetrically as possible. The axial plane may be vertical, horizontal, or inclined ball mill A piece of milling equipment used to grind ore into small particles. It is a cylindrical shaped steel container filled with steel balls into which crushed ore is fed. The ball mill is rotated causing the balls themselves to cascade, which in turn grinds the ore. Bond work index A measure of the energy required to break an ore to a nominal product size, determined in laboratory testing, and used to calculate the required power in a grinding circuit design. breccia A rock composed of large angular broken fragments of minerals or rocks cemented together by a fine-grained matrix bullion Unrefined gold and/or silver mixtures that have been melted and cast into a bar or ingot. carbonaceous Containing graphitic or hydrocarbon species, e.g. in an ore or concentrate; such materials generally present some challenge in processing, e.g. preg- robbing characteristics. carbon-in-column A method of recovering gold and silver from rich solution from the heap leaching process by adsorption of the precious metals onto fine carbon suspended by up-flow of solution through a tank. carbon-in-leach A method of recovering gold and silver from fine ground ore by simultaneous dissolution and adsorption of the precious metals onto fine carbon in an agitated tank of ore solids/solution slurry. The carbon flows counter currently to the head of the leaching circuit. carbon-in-pulp A hydrometallurgical extraction process that involves the use of activated carbon in slurries of ground ores Carlin Trend A large grouping of separate centers of gold mineralization that extends in a general northwesterly direction for about 40 miles, and is approximately 5 miles wide in northeastern Nevada, USA. Carlin type Typically replacement bodies with visually subtle alteration dominated by decarbonatization of silty carbonate host rocks, which contain gold in solid solution or as submicron particles in disseminated pyrite or marcasite. comminution/crushing/grinding Crushing and/or grinding of ore by impact and abrasion. Usually, the word "crushing" is used for dry methods and "grinding" for wet methods. Also, "crushing" usually denotes reducing the size of coarse rock while "grinding" usually refers to the reduction of the fine sizes. concentrate The concentrate is the valuable product from mineral processing, as opposed to the tailing, which contains the waste minerals. The concentrate represents a smaller volume than the original ore concentrator A plant or facility which processes ore brought from the mine and removes most of the valuable mineral or metal from the ore

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-7 Term Definition controlled-source audio-frequency magnetotellurics (CSAMT) A frequency-domain electromagnetic sounding technique which uses a fixed grounded dipole or horizontal loop as an artificial signal source. Cubex drilling Underground in-the-hole (ITH) drill method drift-and-fill Drift-and-fill stoping is a preferred method for high-grade ore bodies with a steep dip size or irregular shape or vein structure. It is also useful for deposits that have weak walls as the fill supports the slope walls and provides a platform for when the next slice is cut. cut-off grade The grade (i.e., the concentration of metal or mineral in rock) that determines the destination of the material during mining. For purposes of establishing “prospects of economic extraction,” the cut-off grade is the grade that distinguishes material deemed to have no economic value (it will not be mined in underground mining or if mined in surface mining, its destination will be the waste dump) from material deemed to have economic value (its ultimate destination during mining will be a processing facility). Other terms used in similar fashion as cut-off grade include net smelter return, pay limit, and break-even stripping ratio. cyanidation A method of extracting gold or silver by dissolving it in a weak solution of sodium cyanide. data verification The process of confirming that data has been generated with proper procedures, has been accurately transcribed from the original source and is suitable to be used for mineral resource and mineral reserve estimation decarbonization Removal of carbon decline A sloping underground opening for machine access from level to level or from the surface. Also called a ramp. density The mass per unit volume of a substance, commonly expressed in grams/ cubic centimeter. depletion The decrease in quantity of ore in a deposit or property resulting from extraction or production. development Often refers to the construction of a new mine or; Is the underground work carried out for the purpose of reaching and opening up a mineral deposit. It includes shaft sinking, cross-cutting, drifting and raising. development property A property that is being prepared for mineral production or a material expansion of current production, and for which economic viability has been demonstrated by a pre-feasibility or feasibility study. dilution Waste of low-grade rock which is unavoidably removed along with the ore in the mining process. discordant Structurally unconformable; strata lacking conformity or parallelism of bedding or structure disseminated Containing small particles of valuable minerals spread quite uniformly throughout the host rock drift A horizontal mining passage underground. A drift usually follows the ore vein, as distinguished from a crosscut, which intersects it. easement Areas of land owned by the property owner, but in which other parties, such as utility companies, may have limited rights granted for a specific purpose. electrowinning. The removal of precious metals from solution by the passage of current through an electrowinning cell. A direct current supply is connected to the anode and cathode. As current passes through the cell, metal is deposited

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-8 Term Definition on the cathode. When sufficient metal has been deposited on the cathode, it is removed from the cell and the sludge rinsed off the plate and dried for further treatment. elution Recovery of the gold from the activated carbon into solution before zinc precipitation or electro-winning. EM Geophysical method, electromagnetic system, measures the earth's response to electromagnetic signals transmitted by an induction coil encumbrance An interest or partial right in real property which diminished the value of ownership, but does not prevent the transfer of ownership. Mortgages, taxes and judgements are encumbrances known as liens. Restrictions, easements, and reservations are also encumbrances, although not liens. feasibility study A feasibility study is a comprehensive technical and economic study of the selected development option for a mineral project, which includes detailed assessments of all applicable modifying factors, as defined by this section, together with any other relevant operational factors, and detailed financial analysis that are necessary to demonstrate, at the time of reporting, that extraction is economically viable. The results of the study may serve as the basis for a final decision by a proponent or financial institution to proceed with, or finance, the development of the project. A feasibility study is more comprehensive, and with a higher degree of accuracy, than a pre-feasibility study. It must contain mining, infrastructure, and process designs completed with sufficient rigor to serve as the basis for an investment decision or to support project financing. flotation Separation of minerals based on the interfacial chemistry of the mineral particles in solution. Reagents are added to the ore slurry to render the surface of selected minerals hydrophobic. Air bubbles are introduced to which the hydrophobic minerals attach. The selected minerals are levitated to the top of the flotation machine by their attachment to the bubbles and into a froth product, called the "flotation concentrate." If this froth carries more than one mineral as a designated main constituent, it is called a "bulk float". If it is selective to one constituent of the ore, where more than one will be floated, it is a "differential" float. flowsheet The sequence of operations, step by step, by which ore is treated in a milling, concentration, or smelting process. footwall The wall or rock on the underside of a vein or ore structure. frother A type of flotation reagent which, when dissolved in water, imparts to it the ability to form a stable froth gangue The fraction of ore rejected as tailing in a separating process. It is usually the valueless portion, but may have some secondary commercial use graben An elongated block of the earth's crust lying between two faults and displaced downward relative to the blocks on either side. gravity separation Exploitation of differences in the densities of particles to achieve separation. Machines utilizing gravity separation include jigs and shaking tables. gyroscope A device that uses Earth's gravity to help determine orientation hanging wall The wall or rock on the upper or top side of a vein or ore deposit. heap leaching A process whereby valuable metals, usually gold and silver, are leached from a heap or pad of crushed ore by leaching solutions percolating down

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-9 Term Definition through the heap and collected from a sloping, impermeable liner below the pad. heterolithic A sedimentary structure made up of interbedded deposits of sand and mud hornfels A metamorphic rock formed by the contact between mudstone / shale, or other clay-rich rock, and a hot igneous body. hydrometallurgy A type of extractive metallurgy utilizing aqueous solutions/solvents to extract the metal value from an ore or concentrate. Leaching is the predominant type of hydrometallurgy. hydrothermal Of or relating to the action of water under conditions of high temperature, especially in forming rocks and minerals hypogene Any geological process genetically connected with deeper parts of the Earth's crust indicated mineral resource An indicated mineral resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of adequate geological evidence and sampling. The term adequate geological evidence means evidence that is sufficient to establish geological and grade or quality continuity with reasonable certainty. The level of geological certainty associated with an indicated mineral resource is sufficient to allow a qualified person to apply modifying factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. induced polarization (IP) Geophysical method, induced polarization; used to directly detect scattered primary sulfide mineralization. Most metal sulfides produce IP effects, e.g. chalcopyrite, bornite, chalcocite, pyrite, pyrrhotite inferred mineral resource An inferred mineral resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. The term limited geological evidence means evidence that is only sufficient to establish that geological and grade or quality continuity is more likely than not. The level of geological uncertainty associated with an inferred mineral resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability. A qualified person must have a reasonable expectation that the majority of inferred mineral resources could be upgraded to indicated or measured mineral resources with continued exploration; and should be able to defend the basis of this expectation before his or her peers. initial assessment An initial assessment is a preliminary technical and economic study of the economic potential of all or parts of mineralization to support the disclosure of mineral resources. The initial assessment must be prepared by a qualified person and must include appropriate assessments of reasonably assumed technical and economic factors, together with any other relevant operational factors, that are necessary to demonstrate at the time of reporting that there are reasonable prospects for economic extraction. An initial assessment is required for disclosure of mineral resources but cannot be used as the basis for disclosure of mineral reserves internal rate of return (IRR) The rate of return at which the Net Present Value of a project is zero; the rate at which the present value of cash inflows is equal to the present value of the cash outflows.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-10 Term Definition jasperoid A dense, usually gray, chertlike siliceous rock, in which chalcedony or cryptocrystalline quartz has replaced the carbonate minerals of limestone or dolomite Knelson concentrator A high-speed centrifuge that combines centrifugally enhanced gravitational force with a patented fluidization process to recover precious metals LECO A combustion analysis technique used to determine the level of carbon, nitrogen, oxygen or sulphur in inorganic material life of mine (LOM) Number of years that the operation is planning to mine and treat ore, and is taken from the current mine plan based on the current evaluation of ore reserves. lithogeochemistry The chemistry of rocks within the lithosphere, such as rock, lake, stream, and soil sediments. lixiviant A leach liquor used to dissolve a constituent in an ore, for example a cyanide solution used to dissolve gold. long-hole stope retreat Similar mining method to long-hole stoping, except that the long axis of the stope is along (or parallel) to the strike of the orebody. long-hole stoping Long-hole sublevel stoping, often referred to as sublevel open stoping and blast hole stoping is a commonly-used method in large-scale mining. It is primarily used for large ore bodies with a steep dip, regular shape, and defined ore bodies. It is used when the ore body is narrow in width (20–100 ft). Lower Plate Carbonate and transitional rocks below the Roberts Mountains thrust. magnetic separation Use of permanent or electro-magnets to remove relatively strong ferromagnetic particles from para- and dia-magnetic ores. measured mineral resource A measured mineral resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of conclusive geological evidence and sampling. The term conclusive geological evidence means evidence that is sufficient to test and confirm geological and grade or quality continuity. The level of geological certainty associated with a measured mineral resource is sufficient to allow a qualified person to apply modifying factors, as defined in this section, in sufficient detail to support detailed mine planning and final evaluation of the economic viability of the deposit. merger A voluntary combination of two or more companies whereby both stocks are merged into one. mill Includes any ore mill, sampling works, concentration, and any crushing, grinding, or screening plant used at, and in connection with, an excavation or mine. mineral reserve A mineral reserve is an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is the economically mineable part of a measured or indicated mineral resource, which includes diluting materials and allowances for losses that may occur when the material is mined or extracted. The determination that part of a measured or indicated mineral resource is economically mineable must be based on a preliminary feasibility (pre- feasibility) or feasibility study, as defined by this section, conducted by a qualified person applying the modifying factors to indicated or measured

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-11 Term Definition mineral resources. Such study must demonstrate that, at the time of reporting, extraction of the mineral reserve is economically viable under reasonable investment and market assumptions. The study must establish a life of mine plan that is technically achievable and economically viable, which will be the basis of determining the mineral reserve. The term economically viable means that the qualified person has determined, using a discounted cashflow analysis, or has otherwise analytically determined, that extraction of the mineral reserve is economically viable under reasonable investment and market assumptions. The term investment and market assumptions includes all assumptions made about the prices, exchange rates, interest and discount rates, sales volumes, and costs that are necessary to determine the economic viability of the mineral reserves. The qualified person must use a price for each commodity that provides a reasonable basis for establishing that the project is economically viable. mineral resource A mineral resource is a concentration or occurrence of material of economic interest in or on the Earth’s crust in such form, grade or quality, and quantity that there are reasonable prospects for economic extraction. The term material of economic interest includes mineralization, including dumps and tailings, mineral brines, and other resources extracted on or within the earth’s crust. It does not include oil and gas resources as defined in Regulation S-X (§210.4-10(a)(16)(D) of this chapter), gases (e.g., helium and carbon dioxide), geothermal fields, and water. When determining the existence of a mineral resource, a qualified person, as defined by this section, must be able to estimate or interpret the location, quantity, grade or quality continuity, and other geological characteristics of the mineral resource from specific geological evidence and knowledge, including sampling; and conclude that there are reasonable prospects for economic extraction of the mineral resource based on an initial assessment, as defined in this section, that he or she conducts by qualitatively applying relevant technical and economic factors likely to influence the prospect of economic extraction. mining claim A description by boundaries of real property in which metal ore and/or minerals may be located. modifying factors The factors that a qualified person must apply to indicated and measured mineral resources and then evaluate in order to establish the economic viability of mineral reserves. A qualified person must apply and evaluate modifying factors to convert measured and indicated mineral resources to proven and probable mineral reserves. These factors include, but are not restricted to: mining; processing; metallurgical; infrastructure; economic; marketing; legal; environmental compliance; plans, negotiations, or agreements with local individuals or groups; and governmental factors. The number, type and specific characteristics of the modifying factors applied will necessarily be a function of and depend upon the mineral, mine, property, or project. net present value (NPV) The present value of the difference between the future cashflows associated with a project and the investment required for acquiring the project. Aggregate of future net cashflows discounted back to a common base date, usually the present. NPV is an indicator of how much value an investment or project adds to a company.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-12 Term Definition net smelter return (NSR) A defined percentage of the gross revenue from a resource extraction operation, less a proportionate share of transportation, insurance, and processing costs. normal fault (dip-slip fault) A type of fault in which the block of rock above the fault moves down relative to the block below. oblique-slip fault A fault where the movement of the rock blocks involves a combination of both dip-slip (vertical) and strike-slip (horizontal) displacement along the fault plane open pit A mine that is entirely on the surface. Also referred to as open-cut or open- cast mine. orogeny A process in which a section of the earth's crust is folded and deformed by lateral compression to form a mountain range ounce (oz) (troy) Used in imperial statistics. A kilogram is equal to 32.1507 ounces. A troy ounce is equal to 31.1035 grams. overburden Material of any nature, consolidated or unconsolidated, that overlies a deposit of ore that is to be mined. overhand drift-and-fill The orebody is initially mined using a horizontal slice. The mined-out slice is then backfilled to provide additional support for the country rock surrounding the stope. The backfilled material forms the base for executing the next, upper slice. In effect, in overhand drift-and-fill, the ore lies above the working area and the floor is backfill. penalty elements Elements that when recovered to a flotation concentrate, attract a penalty payment from the smelting customer. This is because those elements are deleterious, and cause quality, environmental or cost issues for the smelter. Includes elements such as, Hg and Pb. phyllic alteration Minerals include quartz–sericite–pyrite plant A group of buildings, and especially to their contained equipment, in which a process or function is carried out; on a mine it will include warehouses, hoisting equipment, compressors, repair shops, offices, mill or concentrator. portal The surface entrance to a tunnel or adit potassic alteration A relatively high temperature type of alteration which results from potassium enrichment. Characterized by biotite, K-feldspar, adularia. preliminary feasibility study, pre- feasibility study A preliminary feasibility study (prefeasibility study) is a comprehensive study of a range of options for the technical and economic viability of a mineral project that has advanced to a stage where a qualified person has determined (in the case of underground mining) a preferred mining method, or (in the case of surface mining) a pit configuration, and in all cases has determined an effective method of mineral processing and an effective plan to sell the product. A pre-feasibility study includes a financial analysis based on reasonable assumptions, based on appropriate testing, about the modifying factors and the evaluation of any other relevant factors that are sufficient for a qualified person to determine if all or part of the indicated and measured mineral resources may be converted to mineral reserves at the time of reporting. The financial analysis must have the level of detail necessary to demonstrate, at the time of reporting, that extraction is economically viable probable mineral reserve A probable mineral reserve is the economically mineable part of an indicated and, in some cases, a measured mineral resource. For a probable mineral

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-13 Term Definition reserve, the qualified person’s confidence in the results obtained from the application of the modifying factors and in the estimates of tonnage and grade or quality is lower than what is sufficient for a classification as a proven mineral reserve, but is still sufficient to demonstrate that, at the time of reporting, extraction of the mineral reserve is economically viable under reasonable investment and market assumptions. The lower level of confidence is due to higher geologic uncertainty when the qualified person converts an indicated mineral resource to a probable reserve or higher risk in the results of the application of modifying factors at the time when the qualified person converts a measured mineral resource to a probable mineral reserve. A qualified person must classify a measured mineral resource as a probable mineral reserve when his or her confidence in the results obtained from the application of the modifying factors to the measured mineral resource is lower than what is sufficient for a proven mineral reserve. propylitic alteration Characteristic greenish color. Minerals include chlorite, actinolite and epidote. Typically contains the assemblage quartz–chlorite–carbonate protolith The original, unmetamorphosed rock from which a given metamorphic rock is formed proven mineral reserve A proven mineral reserve is the economically mineable part of a measured mineral resource. For a proven mineral reserve, the qualified person has a high degree of confidence in the results obtained from the application of the modifying factors and in the estimates of tonnage and grade or quality. A proven mineral reserve can only result from conversion of a measured mineral resource. qualified person A qualified person is an individual who is a mineral industry professional with at least five years of relevant experience in the type of mineralization and type of deposit under consideration and in the specific type of activity that person is undertaking on behalf of the registrant; and an eligible member or licensee in good standing of a recognized professional organization at the time the technical report is prepared. For an organization to be a recognized professional organization, it must: (A) Be either: (1) An organization recognized within the mining industry as a reputable professional association, or (2) A board authorized by U.S. federal, state or foreign statute to regulate professionals in the mining, geoscience or related field; (B) Admit eligible members primarily on the basis of their academic qualifications and experience; (C) Establish and require compliance with professional standards of competence and ethics; (D) Require or encourage continuing professional development; (E) Have and apply disciplinary powers, including the power to suspend or expel a member regardless of where the member practices or resides; and; (F) Provide a public list of members in good standing. radiolarian Various marine protozoans of the group Radiolaria, having rigid skeletons usually made of silica. raise A vertical or inclined underground working that has been excavated from the bottom upward.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-14 Term Definition reclamation The restoration of a site after mining or exploration activity is completed. refining A high temperature process in which impure metal is reacted with flux to reduce the impurities. The metal is collected in a molten layer and the impurities in a slag layer. Refining results in the production of a marketable material. refractory Gold mineralization normally requiring more sophisticated processing technology for extraction, such as roasting or autoclaving under pressure. resistivity Observation of electric fields caused by current introduced into the ground as a means of studying earth resistivity in geophysical exploration. Resistivity is the property of a material that resists the flow of electrical current. reverse circulation A form of percussion drilling that uses compressed air to flush material cuttings out of the drill hole in a safe and efficient manner. roaster A type of process facility where sulfide ore is heated in the presence of air. roasting A high temperature oxidation process for refractory ores or concentrates. The material is reacted with air (possibly enriched with oxygen) to convert sulfur in sulfides to sulfur dioxide. Other constituents in ore (e.g. C, Fe) are also oxidized. The resulting calcine can then be leached with cyanide, resulting in economic gold recoveries. rock quality designation (RQD) A measure of the competency of a rock, determined by the number of fractures in a given length of drill core. For example, a friable ore will have many fractures and a low RQD. rotary drilling A drilling method in which a hole is drilled by a rotating bit to which a downward force is applied royalty An amount of money paid at regular intervals by the lessee or operator of an exploration or mining property to the owner of the ground. Generally based on a specific amount per tonne or a percentage of the total production or profits. Also, the fee paid for the right to use a patented process. run-of-mine (ROM) Rehandle where the raw mine ore material is fed into the processing plant’s system, usually the crusher. This is where material that is not direct feed from the mine is stockpiled for later feeding. Run-of-mine relates to the rehandle being for any mine material, regardless of source, before entry into the processing plant’s system. semi-autogenous grinding (SAG) A method of grinding rock into fine powder whereby the grinding media consists of larger chunks of rocks and steel balls. shaft A vertical or inclined excavation for the purpose of opening and servicing a mine. It is usually equipped with a hoist at the top, which lowers and raises a conveyance for handling men and material. siliciclastic Clastic noncarbonate sedimentary rocks that are composed primarily of silicate minerals, such as quartz or clay minerals. silicification The introduction of cryptocrystalline silica into a non-siliceous rock via groundwater or fluids of igneous origin. skarn A hard, coarse-grained metamorphic rock that has been chemically and mineralogically altered by hot chemically active fluids SMC A laboratory test that assesses how rock samples break. specific gravity The weight of a substance compared with the weight of an equal volume of pure water at 4°C.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 24-15 Term Definition stope An excavation in a mine, other than development workings, made for the purpose of extracting ore. strike length The horizontal distance along the long axis of a structural surface, rock unit, mineral deposit or geochemical anomaly. sulfidation The process of introducing sulfide ions into a material or molecule, typically used to convert oxides to sulfides. syncline A fold of rock layers that slope upward on both sides of a common low point synform A type of fold that closes downwards and the limbs dip towards the hinge tailings Material rejected from a mill after the recoverable valuable minerals have been extracted. tectonic window A geologic structure formed by erosion or normal faulting on a thrust system. Typically where an over-thrust sheet has been eroded and the lower sequence of rocks that are beneath the over-thrust sheet are visible. triaxial compressive strength A test for the compressive strength in all directions of a rock or soil sample tunnel A horizontal underground passage that is open at both ends; the term is loosely applied in many cases to an adit, which is open at only one end underhand drift-and-fill The orebody is initially mined using a horizontal slice. The mined-out slice is then backfilled to provide additional support for the country rock surrounding the stope. The backfilled material forms the roof for executing the next, lower slice. In effect, in underhand drift-and-fill, the ore lies underneath the working area and the roof is backfill. uniaxial compressive strength A measure of the strength of a rock, which can be determined through laboratory testing, and used both for predicting ground stability underground, and the relative difficulty of crushing. Upper Plate Deep water sediments above the Roberts Mountains thrust.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 25-1 25.0 RELIANCE ON INFORMATION PROVIDED BY THE REGISTRANT 25.1 Introduction The QP relied upon Barrick Gold Corporation, as the operator of NGM for the information used in the areas noted in the following sub-sections. The NGM joint venture is governed pursuant to an operating agreement entered into on July 1, 2019 between Barrick and the registrant and their wholly-owned subsidiaries party thereto (JV Agreement). Under the terms of the JV Agreement, the registrant holds a 38.5% economic interest and Barrick holds a 61.5% economic interest in NGM. Barrick operates NGM with overall management responsibility and is subject to the supervision and direction of NGM’s Board of Managers, which comprises three managers appointed by the Operator and two managers appointed by the Registrant. Outside of certain prescribed matters, decisions of the Board of Managers will be determined by a majority vote. The registrant also has representatives on the joint venture’s advisory committees, including its advisory technical, finance and exploration committees. The QP does not serve on the Board of Managers or the advisory committees. Given that the registrant does not have a majority interest, does not operate NGM and has more limited access, the registrant is required to rely upon Barrick for information. The QP considers it reasonable to rely upon Barrick for the information identified in those sub- sections, for the following reasons: • Barrick has held overall management and operational responsibility of NGM since July 2019; • The JV Agreement requires Barrick to provide the registrant with reports of mineral reserves and resources sufficient to comply with securities laws and any other technical information reasonably requested by the registrant to permit it to comply with the reporting and disclosure obligations, as well as financial information, project and budget reports, certain guidance estimates, and other reports; • The registrant has employed industry professionals with expertise to review the annual reserve and resource information provided by Barrick, and employs individuals with considerable experience in each of these areas listed in the following sub-sections who have also reviewed the information provided by Barrick; • Like the registrant, Barrick has considerable experience in each of these areas and has employed industry professionals with expertise in the areas listed in the following sub-sections; • Both the registrant and Barrick have formal systems of oversight and governance over these activities. 25.2 Macroeconomic Trends • Information relating to inflation, interest rates, discount rates, exchange rates, and taxes was obtained from Barrick. This information is used in the economic analysis in Chapter 19. It supports the assessment of reasonable prospects for economic extraction of the mineral resource estimates in Chapter 11,

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 25-2 and inputs to the determination of economic viability of the mineral reserve estimates in Chapter 12. 25.3 Markets • Information relating to market studies/markets for product, market entry strategies, marketing and sales contracts, product valuation, product specifications, refining and treatment charges, transportation costs, agency relationships, material contracts (e.g., mining, concentrating, smelting, refining, transportation, handling, hedging arrangements, and forward sales contracts), and contract status (in place, renewals), was obtained from Barrick. This information is used in the economic analysis in Chapter 19. It supports the assessment of reasonable prospects for economic extraction of the mineral resource estimates in Chapter 11, and inputs to the determination of economic viability of the mineral reserve estimates in Chapter 12. 25.4 Legal Matters • Information relating to the corporate ownership interest, the mineral tenure (concessions, payments to retain property rights, obligations to meet expenditure/reporting of work conducted), surface rights, water rights (water take allowances), royalties, encumbrances, easements and rights-of-way, violations, and fines, permitting requirements, and the ability to maintain and renew permits was obtained from Barrick. This information is used in support of the property description and ownership information in Chapter 3, the permitting and mine closure descriptions in Chapter 17, and the economic analysis in Chapter 19. It supports the reasonable prospects of economic extraction for the mineral resource estimates in Chapter 11, and the assumptions used in demonstrating economic viability of the mineral reserve estimates in Chapter 12. 25.5 Environmental Matters • Information relating to baseline and supporting studies for environmental permitting, and monitoring requirements, ability to maintain and renew permits, emissions controls, closure planning, closure and reclamation bonding and bonding requirements, sustainability accommodations, and monitoring for and compliance with requirements relating to protected areas and protected species was obtained from Barrick. This information is used when discussing property ownership information in Chapter 3, the permitting and closure discussions in Chapter 17, and the economic analysis in Chapter 19. It supports the reasonable prospects of economic extraction for the mineral resource estimates in Chapter 11, and the assumptions used in demonstrating economic viability of the mineral reserve estimates in Chapter 12.

Nevada Gold Mines Joint Venture Nevada Operations Technical Report Summary Date: February 2025 Page 25-3 25.6 Stakeholder Accommodations • Information relating to social and stakeholder baseline and supporting studies, hiring and training policies for workforce from local communities, partnerships with stakeholders (including national, regional, and state mining associations; trade organizations; fishing organizations; state and local chambers of commerce; economic development organizations; non-government organizations; and, state and federal governments), and the community relations plan was obtained from Barrick. This information is used in the social and community discussions in Chapter 17, and the economic analysis in Chapter 19. It supports the reasonable prospects of economic extraction for the mineral resource estimates in Chapter 11, and the assumptions used in demonstrating economic viability of the mineral reserve estimates in Chapter 12. 25.7 Governmental Factors • Information relating to taxation and royalty considerations, monitoring requirements and monitoring frequency, bonding requirements, violations, and fines was obtained from Barrick. This information is used in the discussion on royalties and property encumbrances in Chapter 3, the monitoring, permitting and closure discussions in Chapter 17, and the economic analysis in Chapter 19. It supports the reasonable prospects of economic extraction for the mineral resource estimates in Chapter 11, and the assumptions used in demonstrating economic viability of the mineral reserve estimates in Chapter 12.

q42024exhibit971

Exhibit 97.1 1     NEWMONT CORPORATION CLAWBACK POLICY I. PURPOSE The purpose of this Clawback Policy (this “Policy”) is to describe the circumstances in which certain executive officers and employees of Newmont Corporation or any of its subsidiaries reported on a consolidated basis (collectively, the “Company”) will be required to repay or return erroneously awarded compensation to the Company. This Policy shall be effective as of March 1, 2025 (the “Effective Date”). This Policy shall supersede the Policy for the Recovery of Erroneously Awarded Compensation previously approved as of October 25, 2023 (the “2023 Policy”), except that the 2023 Policy shall still apply to those executive officers who acknowledged and agreed to the 2023 Policy and who are no longer employed by the Company as of the Effective Date of this Policy. II. ADMINISTRATION AND SCOPE (a) This Policy shall be administered by the Leadership Development and Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of the Company. Any determinations made by the Committee shall be final and binding on all affected individuals. (b) This Policy shall apply to current and former Section 16 Officers, Non-Section 16 Executive Employees and Non-Executive Employees (collectively, the “Covered Persons”). III. DEFINITIONS For purposes of this Policy, capitalized terms not otherwise defined in the Policy, shall have the meanings set forth in Exhibit A. IV. RECOVERY IN CONNECTION WITH AN ACCOUNTING RESTATEMENT (a) In the event of an Accounting Restatement, the Company will, reasonably promptly, recover the Erroneously Awarded Compensation Received in accordance with NYSE Rules and Rule 10D-1 as follows: (i) Section 16 Officers: After an Accounting Restatement, the Committee shall determine the amount of any Erroneously Awarded Compensation Received by each Section 16 Officer and shall promptly provide each Section 16 Officer with a written notice containing the amount of any Erroneously Awarded Compensation and a demand for repayment or return of such compensation, as applicable. (ii) Non-Section 16 Executive Employees: After an Accounting Restatement, the CEO, upon receiving a recommendation from the CPO and CLO, may determine, in their discretion (taking into account relevant facts and circumstances, including but not limited to cost, practicality, and any analyses/investigations of independent legal and/or financial advisors), the amount of any Erroneously Awarded Compensation Received by each Non-Section 16 Executive Employee

2 and, whether or not to require repayment of any portion of such Erroneously Awarded Compensation and, if the CEO does decide to require repayment of any portion of such Erroneously Awarded Compensation Received, the CEO shall promptly provide each Non-Section 16 Executive Employee with a written notice containing the amount required to be repaid and a demand for repayment or return of such amount. (b) Calculation of Repayment Amount: For Incentive-based Compensation based on the Company’s stock price or total shareholder return where the amount of Erroneously Awarded Compensation is not subject to mathematical recalculation directly from the information in the applicable Accounting Restatement: (i) the amount to be repaid or returned shall be determined by the Committee, the Board or the CEO, as applicable, based on a reasonable estimate of the effect of the Accounting Restatement on the Company’s stock price or total shareholder return upon which the Incentive-based Compensation was Received; and (ii) in the case of repayments pursuant to Section IV(a)(i), the Company shall maintain documentation of the determination of such reasonable estimate and provide the relevant documentation to the NYSE, as required by the applicable NYSE Rules. V. RECOVERY IN CONNECTION WITH MISCONDUCT If the Committee determines that a Covered Person has engaged in Misconduct (including Misconduct in connection with violations of the Code of Conduct) , the Committee (in the case of Section 16 Officers) or the CEO, upon receiving a recommendation from the CPO and the CLO, (in the case of Non-Section 16 Executive Employees and Non-Executive Employees) may determine, in their sole discretion, the portion of any Incentive-based Compensation or Other Covered Compensation Received by such Covered Person during the three completed fiscal years of the Company immediately preceding the Misconduct and, whether or not to require repayment of any portion of such Incentive-based Compensation or Other Covered Compensation and, if the Committee or the CEO, as applicable, does decide to require repayment of any portion of such Clawback Eligible Compensation or Other Covered Compensation Received, the Committee or the CEO, as applicable, shall promptly provide such Covered Person with a written notice containing the amount required to be repaid and a demand for repayment or return of such amount. VI. RECOVERY (a) Recovery Process: The Committee (in the case of Section 16 Officers) and the CEO (in the case of Non-Section 16 Executive Employees and Non-Executive Employees), as applicable, shall have broad discretion to determine the appropriate means and method of recovery of the amounts described in Section IV and Section V based on all applicable facts and circumstances, which methods may include, without limitation, reduction or cancellation by the Company or an affiliate of the Company of Incentive-based Compensation, Other Covered Compensation or Erroneously Awarded Compensation, reimbursement or repayment by any person subject to this Policy of any such compensation, and, to the extent permitted by law, an offset of any such compensation against other compensation payable by the Company or an affiliate of the Company to such person. Notwithstanding the foregoing, except as set forth in Section VI(d) below, in the case of amounts required to be recovered under Section IV(a)(i), in no event may the Company accept an amount that is less than the amount required to be recovered under Section IV(a)(i). With respect to a non-Section 16 Executive Employee, the Committee shall

3 recover reasonably promptly any Erroneously Awarded Compensation except to the extent that the conditions of paragraphs (d)(i) or (d)(ii) below apply. The Committee shall determine the repayment schedule for each amount of Erroneously Awarded Compensation in a manner that complies with this “reasonably promptly” requirement. Such determination shall be consistent with any applicable legal guidance, by the SEC, judicial opinion, or otherwise. (b) Previously Recovered Compensation: If a Covered Person has already reimbursed the Company for any of the amounts described in Section IV and Section V under other recovery obligations established by the Company or applicable law, any such reimbursed amount will be credited to the amount or the amounts required to be recovered under this Policy. (c) Failure to Repay: If a Covered Person fails to repay to the Company any amount under this Policy when due, the Committee or the CEO, as applicable, on behalf of the Company, may take all actions reasonable and appropriate to recover such amount from such Covered Person, and the Covered Person may be required to reimburse the Company for any and all expenses (including legal fees) reasonably incurred by the Company in recovering such amounts. (d) Notwithstanding anything herein to the contrary, the Company shall not be required to take the actions contemplated by Section IV(a)(i) above if the Committee determines that recovery would be impracticable and either of the following two conditions are met: (i) The Committee has determined that the direct expenses paid to a third party to assist in enforcing the Policy would exceed the amount to be recovered. Before making this determination, the Company must make a reasonable attempt to recover the Erroneously Awarded Compensation, document such attempt(s) and provide such documentation to the NYSE; or (ii) Recovery would likely cause an otherwise tax-qualified retirement plan, under which benefits are broadly available to employees of the Company, to fail to meet the requirements of Section 401(a)(13) or Section 411(a) of the Internal Revenue Code of 1986, as amended, and regulations thereunder. VII. DISCLOSURE REQUIREMENTS The Company shall file all disclosures with respect to this Policy in accordance with the requirements of the federal securities laws, including the disclosure required by the applicable SEC filings and rules. VIII. PROHIBITION OF INDEMNIFICATION The Company shall not be permitted to insure or indemnify any Covered Person against (i) the loss of any Erroneously Awarded Compensation that is repaid, returned or recovered pursuant to Section IV(a)(i) of this Policy, or (ii) any claims relating to the Company’s enforcement of its rights under Section IV(a)(i) of this Policy. Further, the Company shall not enter into any agreement that exempts any Incentive-based Compensation that is granted, paid or awarded to a Covered Person from the application of Section IV(a)(i) of this Policy or that waives the Company’s right to recovery of any Erroneously Awarded Compensation, and this Policy shall supersede any such agreement (whether entered into before, on or after the Effective Date).

4 IX. INTERPRETATION The Committee is authorized to interpret and construe this Policy and to make all determinations necessary, appropriate, or advisable for the administration of this Policy and for the Company’s compliance with NYSE Rules, Rule 10D-1 and any other applicable law, regulation, rule or interpretation of the SEC or NYSE promulgated or issued in connection therewith. X. AMENDMENT; TERMINATION The Committee may amend this Policy from time to time in its discretion and shall amend this Policy as it deems necessary. Notwithstanding anything in this Section X to the contrary, no amendment or termination of this Policy shall be effective if such amendment or termination would (after taking into account any actions taken by the Company contemporaneously with such amendment or termination) cause the Company to violate any federal securities laws, SEC rule or NYSE rule. XI. OTHER RECOVERY RIGHTS The Committee intends that this Policy will be applied to the fullest extent required by applicable the law. Any employment agreement, equity award agreement, compensatory plan or any other agreement or arrangement with a Covered Person shall be deemed to include, as a condition to the grant of any benefit thereunder, an agreement by the Covered Person to abide by the terms of this Policy. Any right of recovery under this Policy is in addition to, and not in lieu of, any other remedies or rights of recovery that may be available to the Company under applicable law, regulation or rule or pursuant to the terms of any policy of the Company or any provision in any employment agreement, equity award agreement, compensatory plan, agreement or other arrangement. XII. SUCCESSORS This Policy shall be binding and enforceable against all Covered Persons and, to the extent required by applicable law or guidance from the SEC or NYSE, their beneficiaries, heirs, executors, administrators or other legal representatives. Approved by the LDCC as of February 18, 2025 and effective as of the Effective Date, March 1, 2025. * * *

A-1 EXHIBIT A DEFINITIONS For purposes of this Policy, the following capitalized terms shall have the meanings set forth below. (a) “Accounting Restatement” shall mean an accounting restatement that is due to the material noncompliance of the Company with any financial reporting requirement under the securities laws, including any required accounting restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements, or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period. (b) “Clawback Eligible Compensation” shall mean all Incentive-based Compensation and all Other Covered Compensation Received by a Covered Person (i) on or after the effective date of the applicable NYSE rules, or the Effective Date, (ii) after beginning service as a Section 16 Officer, a Non-Section 16 Executive Employee or a Non-Executive Employee, (iii) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (iv) during the applicable Clawback Period. (c) “Clawback Period” shall mean, with respect to any Accounting Restatement, the three completed fiscal years of the Company immediately preceding the Restatement Date, and if the Company changes its fiscal year, any transition period of less than nine months within or immediately following those three completed fiscal years. (d) “Covered Person” shall mean any Section 16 Officer, Non-Section 16 Executive Employee or Non-Executive Employee. (e) “Erroneously Awarded Compensation” shall mean, with respect to each Covered Person in connection with an Accounting Restatement, the amount of Clawback Eligible Compensation that exceeds the amount of such compensation that otherwise would have been Received had it been determined based on the restated amounts, computed without regard to any taxes paid. (f) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. (g) “Financial Reporting Measures” shall mean measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall for purposes of this Policy be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC. (h) “Incentive-based Compensation” shall mean any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

A-2 (i) “Misconduct” shall mean, with respect to any Covered Person and as determined by the Committee in its sole direction with respect to any Section 16 Officer, or the CEO with respect to any non-Section 16 Executive Employee or any Non-Executive Employee, as set forth below. Misconduct may be found by the Committee or the CEO regardless of whether or not the Covered Person is terminated for cause or otherwise leaves the Company due to the Misconduct. i. the willful and continued failure of the Covered Person to perform substantially the Covered Person’s duties with the Company (other than any such failure resulting from incapacity due to physical or mental illness) or the Covered Person’s failure to follow policies, directions or the Company’s Code of Conduct, after a written demand for substantial performance is delivered to the Covered Person by the Company. Such written demand shall identify the manner in which the Company believes that the Covered Person has not substantially performed the Covered Person’s duties. Notwithstanding the foregoing, written demand for substantial performance shall not be required if the Company determines that immediate action, including potential termination of the Covered Person, is necessary to avoid potential injury or harm to the Company, an affiliate or any person; or ii. the engaging by the Covered Person in illegal conduct or gross negligence or willful misconduct which is potentially injurious to the Company (including to its reputation); provided that if the Covered Person acts in accordance with an authorized written opinion of the Company’s legal counsel, such action will not constitute “Misconduct” under this definition; or iii. any dishonest or fraudulent activity by the Covered Person or the reasonable belief by the Company of the Covered Person’s breach of any contract or agreement with the Company, or any representation made to the Company. (j) “Non-Executive Employees” shall mean the Company’s current and former employees who are not or were not in executive-level roles, which includes roles classified as Levels of Work 1, 2, and 3. (k) “Non-Section 16 Executive Employees” shall mean the Company’s current and former employees who are or were in executive-level roles who are not designated as “Section 16 Officers,” which includes roles classified as Levels of Work 4 and 5 (except for the Chief Accounting Officer, who is a Section 16 Officer). (l) “NYSE” shall mean the New York Stock Exchange. (m) “NYSE Rules” shall mean the New York Stock Exchange Listed Company Manual. (n) “Other Covered Compensation” shall include but not be limited to all supplemental retirement plan benefits calculated based on incentive compensation, covering the Company’s pension plan, the Company’s pension equalization plan, the Company’s retirement savings plan and the Company’s savings equalization plan, all time-based equity awards, one-

A-3 time cash awards such as signing bonuses, project completion bonuses, and spot awards, and any other compensation provided to a Covered Employee. (o) “Policy” shall mean this Clawback Policy, as the same may be amended and/or restated from time to time. (p) “Received” shall mean actual or deemed receipt, and any Incentive-based Compensation shall be deemed received in the Company’s fiscal period during which the Financial Reporting Measure specified in the Incentive-based Compensation award is attained, even if the payment or grant of the Incentive-based Compensation to the Covered Person occurs after the end of that period. (q) “Restatement Date” shall mean the earlier to occur of (i) the date the Board, a committee of the Board or the officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare an Accounting Restatement, or (ii) the date a court, regulator or other legally authorized body directs the Company to prepare an Accounting Restatement. (r) “Rule 10D-1” shall mean Section 10D and Rule 10D-1 of the Exchange Act. (s) “SEC” shall mean the U.S. Securities and Exchange Commission. (t) “Section 16 Officers” shall mean each individual who is currently or was previously designated as an “officer” of the Company as defined in Rule 16a-1(f) of the Exchange Act. For the avoidance of doubt, the identification of a Section 16 Officer for purposes of this Policy shall include, at a minimum, each executive officer who is or was identified pursuant to Item 401(b) of Regulation S-K, as well as the principal financial officer and principal accounting officer (or, if there is no principal accounting officer, the controller). Section 16 Officers include all members of the Executive Leadership Team, which are roles in Levels of Work 6 and 7, as well as the principal accounting officer, which is a role in Level of Work 5.

[Clawback Policy – Attestation and Acknowledgment]     Exhibit B NEWMONT CORPORATION ATTESTATION AND ACKNOWLEDGMENT OF THE CLAWBACK POLICY FOR SECTION 16 OFFICERS By my signature below, I acknowledge and agree that: • I have received and read the attached Clawback Policy (this “Policy”). I understand this Policy applies to Newmont Corporation and any of its subsidiaries reported on a consolidated basis (collectively, the “Company”). • I hereby agree to abide by all of the terms of this Policy both during and after my employment with the Company, including, without limitation, by promptly repaying or returning any Erroneously Awarded Compensation or Clawback Eligible Compensation to the Company as determined in accordance with this Policy. • I hereby waive any right to the indemnification, insurance or advancement of expenses by the Company with respect to any Erroneously Awarded Compensation in accordance with Section VIII of this Policy. Signature: Printed Name: Date:

10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

Form 10-K

For the Fiscal Year Ended December 31, 2024

For the transition period from__________to__________

Commission File Number: 001-31240

NEWMONT CORPORATION

DOCUMENTS INCORPORATED BY REFERENCE

GLOSSARY: UNITS OF MEASURE AND ABBREVIATIONS

NEWMONT CORPORATION

2024 RESULTS AND HIGHLIGHTS

NEWMONT CORPORATION

2024 RESULTS AND HIGHLIGHTS

Our global project pipeline

PART I

Gold

Other Co-product Metals

By-product Metals

Gold and Other Metals Processing Methods

Environmental Practices

Social Practices

Governance Practices

A substantial or extended decline in gold, copper, silver, lead or zinc prices would have a material adverse effect on us.

We may be unable to replace gold, copper, silver, lead or zinc reserves as they become depleted.

Estimates of proven and probable reserves and measured, indicated and inferred resources are uncertain and the volume and grade of ore actually recovered may vary from our estimates.

Estimates relating to projects and mine plans of existing operations are uncertain and we may incur higher costs and lower economic returns than estimated.

Increased operating and capital costs could affect our profitability.

Mine closure, reclamation and remediation costs for environmental liabilities may exceed the provisions we have made.

We are dependent upon information technology and operational technology systems, which are subject to disruption, damage, failure or cybersecurity attacks and risks associated with implementation, upgrade, operation and integration.

To the extent we hold or acquire interests in any joint ventures or enter into any joint ventures, our interest in these properties is subject to the risks normally associated with the conduct of joint ventures.

Our operations and business have in the past been affected by the COVID-19 pandemic, and may be materially and adversely impacted in the future by pandemics, epidemics and other health emergencies.

Increased exposure to foreign exchange fluctuations and capital controls may adversely affect Newmont’s costs, earnings and the value of some of our assets.

Future funding requirements may affect our business, our ability to pursue new business opportunities, invest in existing and new projects, pay cash dividends or engage in share repurchase transactions.

Our long-lived assets and goodwill could become impaired, which could have a material non-cash adverse effect on our results of operations.

Our ability to recognize the benefits of deferred tax assets is dependent on future cash flows and taxable income.

Any downgrade in the credit ratings assigned to our debt securities could increase our future borrowing costs and adversely affect the availability of new financing.

Returns for investments in pension plans are uncertain.

We may experience increased costs or losses resulting from the hazards and uncertainties associated with mining.

Mining operations involve a high degree of risk, including hazards related to the use of explosives and hazardous chemicals and critical equipment failure.

We rely on our supply chain operations to procure goods and services to support our operations and projects, and competition with other natural resource companies, and shortage of critical parts, services and equipment may adversely affect our operations and development projects.

We may be unable to obtain or retain necessary permits and land or mining tenure, which could adversely affect our operations and projects.

Mining companies are increasingly required to consider and provide benefits to the communities and countries in which they operate in order to maintain operations.

Illegal mining and artisanal mining occur on or adjacent to certain of our properties exposing such sites to security risks.

Civil disturbances and criminal activities can disrupt business and expose the Company to liability.

Our operations and projects face substantial regulation of health and safety.

Our operations and projects are subject to extensive environmental laws and regulations.

Our operations and projects are subject to a range of risks related to transitioning the business to meet regulatory, societal and investor expectations for operating in a low-carbon economy.

Our operations and projects are subject to a range of transitional and physical risks related to climate change.

Our Company and the mining industry are facing continued geotechnical, geothermal, and hydrogeological challenges, which could adversely impact our production and profitability.

Our operations and projects may be adversely affected by rising energy prices or energy shortages.

Our operations and projects are dependent on the availability of sufficient water supplies and subject to water-related risks.

Our operations and projects are subject to risks related to our relationships and/or agreements with local communities, including Indigenous Peoples, and laws for the protection of cultural heritage.

Our operations and projects are subject to risks of doing business in multiple jurisdictions.

New or changing legislation and tax risks in certain operating jurisdictions could negatively affect us.

Changes in mining or investment policies or shifts in political and social attitudes in the jurisdictions in which we operate may adversely affect our operations or profitability.

Our operations at Yanacocha and projects in Peru are subject to political and social unrest risks.

Our Merian operation in Suriname is subject to political, security and economic risks.

Our operations at Ahafo and Akyem in Ghana are subject to political, economic and other risks.

Our operations in Argentina are susceptible to risk as a result of economic and political instability in Argentina and labor unrest.

Our operations at Lihir and project at Wafi-Golpu in PNG are subject to political and regulatory risks and other uncertainties.

Our operations and projects in Canada are subject to legal and regulatory risks and other uncertainties in connection with claims and challenges by Indigenous groups.

Our business depends on good relations with our employees.

Our Peñasquito operation in Mexico is subject to social, political, regulatory, and economic risks.

We may not be able to operate successfully if we are unable to recruit, hire, retain and develop key personnel and a qualified and diverse workforce. In addition, we are dependent upon our employees being able to perform their jobs in a safe and respectful work environment.

We rely on contractors to conduct a significant portion of our operations and construction projects.

Title to some of our properties may be insufficient, defective, or challenged.

The price of our common stock may be volatile, which may make it difficult for you to sell the common stock at the price you paid or at prices you find attractive.

Holders of our common stock, CDIs and PDIs may not receive dividends.

Compliance with exchange listing rules as a foreign exempt listing may differ from investor expectations.

Assets held for sale may not ultimately be divested and we may not receive any or all deferred consideration.

The Company’s asset divestitures place demands on the Company’s management and resources, the sale of divested assets may not occur as planned or at all, and the Company may not realize the anticipated benefits of such divestitures.

ITEM 1B. UNRESOLVED STAFF COMMENTS

ITEM 1C. CYBERSECURITY

Held for Sale Properties

ITEM 3. LEGAL PROCEEDINGS

ITEM 4. MINE SAFETY DISCLOSURES

PART II

ITEM 6. RESERVED

For the transition period fromto