NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM

Newmont Reports 2024 Mineral Reserves of 134.1 Million Gold Ounces and
13.5 Million Tonnes of Copper
DENVER, February 20, 2025 – Newmont Corporation (NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM) (Newmont or the Company)
reported gold Mineral Reserves ("reserves") of 134.1 million attributable ounces at the end of 2024 compared to the Company’s
1
135.9 million attributable ounces at the end of 2023, inclusive of assets held for divestment. Newmont's go-forward Tier 1
portfolio includes 125.5 million attributable gold ounces and significant Mineral Reserves from other metals, including more than
13.5 million attributable tonnes of copper reserves and 530 million attributable ounces of silver reserves.

"Newmont has solidified its position as the gold industry's leader with the highest concentration of Tier 1 assets, reserves and resources,"
said Tom Palmer, Newmont's President and Chief Executive Officer. "Supported by our industry-leading exploration program, we
continue to focus on extending mine life, developing districts and discovering new opportunities in the most favorable mining
jurisdictions. Newmont's extensive gold and copper reserve base represents the foundation for stable production and meaningful value
creation for the next several decades."

2024 Reserves & Resources Highlights

▪ The gold industry's largest reserve base with 134.1 million attributable ounces, inclusive of the assets held for
divestment (125.5 million attributable ounces for the go-forward Tier 1 portfolio); 2024 reserves include updates to gold
price and cost escalation assumptions, additions, net revisions and depletion
▪ Newmont's reserve base has approximately doubled since 2018 and is strategically diversified across the world's most
favorable mining jurisdictions
▪ Newmont benefits from a strong operating asset base with gold reserve life of ten years or more at Boddington, Lihir,
Cadia, Tanami, Ahafo, Merian, Cerro Negro, Pueblo Viejo and Nevada Gold Mines (NGM), further enhanced by a broader
portfolio and organic project pipeline
2
▪ Measured & Indicated Gold Mineral Resources of 99.4 million attributable ounces (90.5 million attributable ounces for
the Tier 1 portfolio) and Inferred Resources of 70.6 million attributable ounces (64.9 million attributable ounces for the
Tier 1 portfolio)
▪ Significant exposure to copper with 13.5 million attributable tonnes in reserves, 14.1 million attributable tonnes in
Measured & Indicated resources and 11.0 million attributable tonnes in Inferred resources for the Tier 1 portfolio
▪ Additional exposure to other metals including silver, lead, zinc and molybdenum

3
Percentage of Gold Reserves by Jurisdiction

Newmont’s reserve base is a key differentiator with an average reserve grade of 0.96 grams per tonne and an operating reserve
life of more than ten years at seven managed sites and two non-managed joint ventures, with significant upside potential from a
robust organic project pipeline. In addition, Newmont has substantial exposure to other metals, with 89.5 million gold equivalent
4
ounces of attributable reserves from copper, silver, lead, zinc and molybdenum.

1
See definition of the go-forward Tier 1 portfolio and cautionary statement at the end of this release.
2
Exclusive of Mineral Reserves
3
North America includes 38.5 percent interest in Nevada Gold Mines; South America includes Newmont's 40 percent interest in Pueblo Viejo.
4
Gold Equivalent Ounces (GEOs) are calculated using 2024 Mineral Reserve pricing for Gold ($1,700/oz.), Copper ($3.50/lb.), Silver ($20.00/oz.), Lead ($0.90/lb.), Zinc ($1.20/lb.)
and Molybdenum ($13.00/lb.) and Resource pricing for Gold ($2,000/oz.), Copper ($4.00/lb.), Silver ($23.00/oz.), Lead ($1.00/lb.), Zinc ($1.30/lb.), Molybdenum ($16.00/lb.) and
metallurgical recoveries for each metal on a site by site basis, as metal * [(metal price * metal recovery) / (gold price * gold recovery)].

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 1

PROVEN & PROBABLE GOLD RESERVES

For 2024, Newmont reported 134.1 million attributable ounces of gold reserves, slightly lower than the prior year total of 135.9
million attributable ounces. Depletion of 7.8 million ounces and unfavorable net revisions of 3.9 million ounces were largely
offset by the reserve increases from price related revisions (14.2 million ounces), net of cost escalation assumptions (7.2 million
ounces), as well as the addition of 2.9 million ounces from exploration.

Newmont's gold grade reserve remained substantially unchanged at 0.96 grams per tonne compared to 0.97 grams per tonne in
the prior year.

ASSET-LEVEL SUMMARY

Managed Tier 1 Assets

▪ Boddington reserves increased by 13 percent to 10.8 million ounces, primarily driven by favorable price related revisions
of 1.6 million ounces (net of cost escalation assumptions), as well as net positive revisions of 0.2 million ounces, partially
offset by 0.6 million ounces from depletion
▪ Tanami reserves increased by 6 percent to 5.1 million ounces as a result of net favorable price and cost escalation
related revisions of 0.2 million ounces and net positive revisions of 0.3 million ounces, partially offset by depletion of 0.4
million ounces
▪ Cadia reserves decreased slightly by 4 percent to 14.1 million ounces, primarily driven by depletion of 0.6 million ounces
▪ Ahafo South reserves decreased by 10 percent to 4.6 million ounces largely due to the depletion of 0.9 million ounces;
price related revisions (net of cost escalation assumptions) resulted in an additional reduction of 0.2 million ounces,
while 0.2 and 0.1 million ounces were added through exploration and favorable net revisions, respectively
▪ Lihir reserves decreased by 10 percent to 15.8 million ounces as favorable price related revisions of 1.8 million ounces
(net of cost escalation assumptions) were offset by unfavorable net revisions of 2.9 million ounces, largely due to pit
design updates and geotechnical changes, as well as depletion of 0.7 million ounces
▪ Peñasquito reserves decreased by 11 percent to 4.1 million ounces largely due to the depletion of 0.6 million ounces

Emerging Tier 1 Assets

▪ Merian reserves increased by 5 percent to 4.1 million ounces, primarily due to favorable price related revisions of 0.3
million ounces (net of cost escalation assumptions), as well as 0.2 million ounces added through exploration
▪ Cerro Negro reserves remained largely unchanged at 3.2 million ounces
▪ Yanacocha reserves decreased slightly by 4 percent to 5.3 million ounces largely due to the depletion of 0.4 million
ounces, partially offset by favorable net revisions of 0.2 million ounces
▪ Red Chris reserves decreased by 5 percent to 3.7 million ounces due to net unfavorable revisions of 0.1 million ounces,
as well as 0.1 million ounces from unfavorable price and cost escalation revisions and depletion
▪ Brucejack reserves decreased by 39 percent to 1.9 million ounces, primarily due to unfavorable net revisions of 1.5
million ounces due updated resource model assumptions, including tighter drill hole spacing requirements and other
technical considerations, partially offset by net favorable price and cost escalation related revisions of 0.3 million ounces
and exploration additions of 0.3 million ounces

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 2

Non-Managed Tier 1 Assets
▪ Newmont’s 38.5 percent interest in NGM represented 17.9 million attributable ounces of gold reserves at year end,
compared to 18.3 million ounces at the end of 2023
▪ Newmont's 40 percent interest in Pueblo Viejo represented 8.2 million attributable ounces of gold reserves at year end,
compared to 8.0 million ounces at the end of 2023

Assets Held for Sale

Reserves at the assets held for sale increased by 14 percent to 8.7 million ounces, primarily driven by net favorable price and
cost escalation related revisions of 2.0 million ounces, in addition to 0.9 million ounces added through exploration. These
favorable increases were partially offset by the depletion of 1.3 million ounces and net unfavorable revisions of 0.4 million
ounces.
5,6
GOLD RESOURCES

At the end of 2024, Newmont reported Measured and Indicated Gold Mineral Resources of 99.4 million attributable ounces, a 5
percent decrease from the prior year total of 104.8 million attributable ounces. Inferred Gold Mineral Resources totaled 70.6
million attributable ounces, a 2 percent increase from the prior year total of 69.1 million attributable ounces. Exclusive of the
assets divested in 2024, total mineral resources remained substantially unchanged as resource conversions to reserves and
unfavorable net revisions were offset by the resource increases from price related revisions, net of cost escalation assumptions,
as well as additions through exploration.

Total Mineral Resources at Newmont's go-forward Tier 1 portfolio were largely unchanged from 2023. Net favorable resource
increases from the price and cost escalation related revisions of 7.2 million ounces, as well as 3.2 million ounces added through
exploration at Ahafo North (0.9 million ounces), Merian (0.8 million ounces), Brucejack (0.5 million ounces), Tanami (0.5 million
ounces), Ahafo South (0.3 million ounces) and Cerro Negro (0.2 million ounces) were the primary drivers of the resource
increases in 2024. This was offset by resource conversion of 5.9 million ounces and 4.6 million ounces from net unfavorable
revisions.

Total Mineral Resources from assets held for sale increased by 0.5 million ounces, primarily driven by Musselwhite, Porcupine
and Éléonore, partially offset by a decrease of 0.2 million ounces at CC&V and Akyem.

Newmont’s Measured and Indicated Gold Mineral Resource grade increased to 0.59 grams per tonne compared to 0.57 grams
per tonne in the prior year. Inferred Gold Mineral Resource decreased to 0.55 grams per tonne compared to 0.57 grams per
tonne in the prior year.

5
Total resources presented includes Measured and Indicated resources of 99.4 million attributable gold ounces and Inferred resources of 70.6 million attributable gold ounces.
See cautionary statement at the end of this release.
6
Net Conversion inclusive of ounces reclassified from reserves to resources.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 3

OTHER METALS

In 2024, copper reserves and resources were materially unchanged. Copper reserves decreased slightly to 13.5 million tonnes
from 13.7 million tonnes in the prior year, primarily due to depletion. Measured and Indicated copper resources decreased to
14.1 million tonnes from 15.0 million tonnes. Inferred copper resources increased slightly to 11.0 million tonnes from 10.9
million tonnes.

Silver reserves decreased to 530 million ounces compared to 596 million ounces in the prior year, primarily due to depletion.
Silver resources increased during the year due to the impact of the net positive revisions and the downstream effect of increased
gold price. Measured and Indicated silver resources increased to 469 million ounces from 457 million ounces in the prior year.
Inferred silver resources increased to 113 million ounces from 108 million ounces in the prior year.

Lead reserves decreased slightly to 0.8 million tonnes from 0.9 million tonnes primarily due to depletion. Measured and
Indicated lead resources decreased to 0.5 million tonnes from 0.6 million tonnes, and Inferred lead resources remained
unchanged at 0.1 million tonnes. Zinc reserves decreased to 1.7 million tonnes from 2.2 million tonnes primarily due to depletion
and negative revisions at Peñasquito. Measured and Indicated zinc resources decreased to 1.2 million tonnes from 1.5 million
tonnes, and Inferred zinc resources remained unchanged at 0.1 million tonnes.

Molybdenum reserves were largely unchanged at 0.2 million tonnes. Measured and Indicated molybdenum resources remained
unchanged at 0.1 million tonnes, with Inferred molybdenum resources of 0.1 million tonnes.

EXPLORATION OUTLOOK

Newmont’s attributable exploration expenditure for managed operations is expected to be approximately $250 million in 2025
with 75 percent of total exploration investment dedicated to near-mine expansion programs and brownfields with the remaining
25 percent allocated to the advancement of greenfield projects.

Additionally, Newmont’s share of exploration investment for its non-managed operations is expected to be approximately $25
million, for a total consolidated exploration expense outlook of $275 million for 2025.

Geographically, Newmont expects to invest approximately 37 percent in Latin America and the Caribbean, 20 percent in North
America, 20 percent in Ghana, 16 percent in Australia and the remainder in Papua New Guinea and other locations.

UPDATED GOLD PRICE FOR MINERAL RESERVES AND MINERAL RESOURCES

As part of the annual Mineral Reserves and Mineral Resources update, Newmont assesses the metal price assumptions used for
the calculation of end year reserves and resources. Since Newmont last updated its gold price assumptions at year end 2022,
gold price has increased meaningfully to $2,629 per ounce as of December 31, 2024, representing a 44 percent increase from
$1,820 per ounce as of December 31, 2022. In addition to the sustained increase in the spot gold price, long-term broker
consensus estimates are currently substantially higher.

In line with market conditions, Newmont has increased its reserves gold price assumption by 21 percent to $1,700 from $1,400
per ounce. Newmont's updated reserves gold price is approximately 17 percent lower than the three-year trailing gold price
average of $2,050 per ounce, well below Newmont's historical average of approximately 13 percent over the last ten years (2014
- 2023). Consistent with Newmont's historical approach, the resources gold price has been calibrated higher than reserves, as
this helps the Company's technical teams to identify the optimum areas to further expand the life of our assets and to target
where additional drilling and study work is required at our operating mines. For 2024, mineral resources are based on a $2,000
per ounce, maintaining the historical level above reserve pricing of 15 to 20 percent.

Newmont's robust internal processes and proven track record of responsibly and rigorously defining reserves and resources will
continue to support the development of the go-forward operating Tier 1 portfolio and organic project pipeline.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 4

GOLD RESERVE SENSITIVITY
A $100 increase in gold price would result in an approximate 6 percent increase in gold reserves while a $100 decrease in gold
price would result in an approximate 6 percent decrease in gold reserves. These sensitivities assume an oil price of $75 per
barrel (WTI), Australian dollar exchange rate of $0.70 and Canadian dollar exchange rate of $0.75. These sensitivities assume all
other inputs remain equal, including all cost and capital assumptions, which may also have a material impact on these
approximate estimates.

7
KEY RESERVE AND RESOURCE ASSUMPTIONS
At December 31,
2024 2023
Gold Reserves ($/oz) $1,700 $1,400
Gold Resources ($/oz) $2,000 $1,600
Copper Reserves ($/lb) $3.50 $3.50
Copper Resources ($/lb) $4.00 $4.00
Silver Reserves ($/oz) $20.00 $20.00
Silver Resources ($/oz) $23.00 $23.00
Lead Reserves ($/lb) $0.90 $1.00
Lead Resources ($/lb) $1.00 $1.20
Zinc Reserves ($/lb) $1.20 $1.20
Zinc Resources ($/lb) $1.30 $1.45
Molybdenum Reserves ($/lb) $13.00 $8.00
Molybdenum Resources ($/lb) $16.00 $10.00
Tungsten Resources ($/lb) N/A $16.00
Australian Dollar (A$:US$) $0.70 $0.70
Canadian Dollar (C$:US$) $0.75 $0.75
West Texas Intermediate ($/bbl) $75.00 $75.00

For additional details on Newmont’s reported gold, copper, silver, lead, zinc, molybdenum and tungsten Mineral Reserves and
Mineral Resources, please refer to the tables at the end of this release.
7
For 2024 and 2023, Newmont reserves and resources were estimated using the price assumptions noted above, except for certain sites as detailed in the footnotes of the
reserves and resources tables below.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 5

RESERVE AND RESOURCE TABLES

Proven and probable reserves are based on extensive drilling, sampling, mine modeling and metallurgical testing from which
Newmont determined economic feasibility. The reference point for mineral reserves is the point of delivery to the process plant.
Metal price assumptions, adjusted for Newmont's 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 tonnes 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.

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 tonnes 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.

Newmont publishes 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 conversion to reserves, as well as any acquisitions and
additions during 2025.

Please refer to the reserves and resources cautionary statement at the end of the release.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 6

 (1)
Gold Reserves
December 31, 2024 December 31, 2023

Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
(2) (3) (2) (3) (2) (3) (2) (3)
Newmont Tonnage Grade Ounces Tonnage Grade Ounces Tonnage Grade Ounces Metallurgical Tonnage Grade Ounces
(3)
Deposits/Districts Share (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) Recovery (000 tonnes) (g/tonne) (000)
(24)
Brucejack, Canada 100% — — — 8,600 6.95 1,900 8,600 6.95 1,900 96% 11,500 8.44 3,100

Red Chris Open Pit 70% — — — 14,700 0.39 100 14,700 0.39 100 52% 30,200 0.37 300
(4)
Red Chris Underground 70% — — — 171,700 0.64 3,500 171,700 0.64 3,500 70% 171,700 0.64 3,500
(24)
Total Red Chris, Canada 70% — — — 186,400 0.62 3,700 186,400 0.62 3,700 69% 201,900 0.60 3,900

Peñasquito Open Pits 100% 93,900 0.58 1,700 130,800 0.48 2,000 224,700 0.52 3,800 62% 264,500 0.53 4,500
(5)
Peñasquito Stockpiles 100% 4,700 0.60 100 27,300 0.21 200 32,000 0.26 300 37% 26,500 0.20 200
(6)(23)
Total Peñasquito, Mexico 100% 98,600 0.58 1,800 158,100 0.44 2,200 256,600 0.49 4,100 60% 291,000 0.50 4,600

Merian, Suriname 75% 23,400 1.26 900 87,300 1.14 3,200 110,700 1.16 4,100 93% 104,000 1.16 3,900

Cerro Negro, Argentina 100% 2,200 11.84 800 7,100 10.50 2,400 9,300 10.82 3,200 94% 9,200 10.97 3,200

Yanacocha Open Pit 100% 17,700 0.90 500 96,300 0.78 2,500 114,100 0.80 2,900 55% 128,600 0.76 3,200

Yanacocha Underground 100% — — — 12,300 6.06 2,400 12,300 6.06 2,400 97% 12,300 6.06 2,400
(7)
Total Yanacocha, Peru 100% 17,800 0.90 500 108,600 1.38 4,800 126,400 1.31 5,300 74% 140,900 1.22 5,500

Pueblo Viejo Open Pit 40% 32,200 2.27 2,300 49,500 2.04 3,300 81,700 2.13 5,600 88% 76,600 2.15 5,300
(5)
Pueblo Viejo Stockpiles 40% — — — 38,800 2.07 2,600 38,800 2.07 2,600 83% 39,700 2.12 2,700
(8)(19)
Total Pueblo Viejo, Dominican Republic 40% 32,200 2.27 2,300 88,300 2.06 5,800 120,500 2.11 8,200 86% 116,300 2.14 8,000
(9)(19)
NuevaUnión, Chile 50% — — — 341,100 0.47 5,100 341,100 0.47 5,100 66% 341,100 0.47 5,100
(10)(19)
Norte Abierto, Chile 50% — — — 598,800 0.60 11,600 598,800 0.60 11,600 74% 598,800 0.60 11,600

Boddington Open Pit 100% 276,500 0.64 5,600 219,200 0.61 4,300 495,700 0.62 9,900 84% 407,900 0.66 8,600
(5)
Boddington Stockpiles 100% 2,100 0.67 — 61,900 0.42 800 64,100 0.43 900 83% 72,000 0.44 1,000
(11)
Total Boddington, Australia 100% 278,600 0.64 5,700 281,200 0.57 5,100 559,800 0.60 10,800 84% 479,900 0.62 9,600

Tanami, Australia 100% 10,100 5.25 1,700 19,800 5.28 3,400 29,900 5.27 5,100 98% 26,600 5.66 4,800
(12)(23)(24)
Cadia, Australia 100% — — — 1,051,800 0.42 14,100 1,051,800 0.42 14,100 81% 1,102,300 0.42 14,700

Lihir Open Pits 100% — — — 125,900 2.86 11,600 125,900 2.86 11,600 77% 159,900 2.76 14,200
(5)
Lihir Stockpiles 100% — — — 77,100 1.68 4,200 77,100 1.68 4,200 77% 57,200 1.83 3,400
(13)(23)(24)
Total Lihir, Papua New Guinea 100% — — — 203,000 2.41 15,800 203,000 2.41 15,800 77% 217,100 2.51 17,500
(14)(19)(24)
Wafi-Golpu, Papua New Guinea 50% — — — 194,500 0.82 5,100 194,500 0.82 5,100 68% 194,500 0.82 5,100

Ahafo South Open Pit 100% 2,400 2.64 200 39,700 1.57 2,000 42,000 1.63 2,200 89% 40,700 1.82 2,400

Ahafo South Underground 100% 6,100 2.97 600 15,200 2.36 1,200 21,300 2.54 1,700 94% 22,600 2.64 1,900
(5)
Ahafo South Stockpiles 100% 21,700 0.97 700 — — — 21,700 0.97 700 91% 23,400 1.01 800

Total Ahafo South, Ghana 100% 30,200 1.51 1,500 54,800 1.79 3,200 85,000 1.69 4,600 91% 86,700 1.82 5,100

Ahafo North, Ghana 100% — — — 62,000 2.32 4,600 62,000 2.32 4,600 91% 53,100 2.41 4,100
(15)
NGM Open Pit 38.5% — — — 124,200 1.16 4,600 124,200 1.16 4,600 77% 154,700 1.01 5,000
(5)(16)
NGM Stockpiles 38.5% 16,400 1.86 1,000 12,900 2.35 1,000 29,200 2.08 2,000 69% 29,100 2.22 2,100
(17)
NGM Underground 38.5% 4,000 11.28 1,400 39,700 7.73 9,900 43,700 8.06 11,300 89% 40,200 8.62 11,100
(18)(23)
Total NGM, United States 38.5% 20,400 3.69 2,400 176,800 2.72 15,500 197,100 2.82 17,900 84% 224,100 2.54 18,300
(20)
Held for sale

CC&V Open Pit 100% 87,000 0.43 1,200 28,600 0.43 400 115,600 0.43 1,600 58% 46,600 0.40 600
(21)
CC&V Leach Pads 100% — — — 34,600 0.73 800 34,600 0.73 800 55% 28,300 0.74 700

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% 75,000 0.53 1,300

Musselwhite, Canada 100% 4,100 6.69 900 3,200 6.10 600 7,400 6.43 1,500 96% 7,000 6.52 1,500

Porcupine Underground 100% 1,600 5.09 300 2,700 7.27 600 4,400 6.45 900 89% 3,000 7.75 700

Porcupine Open Pit 100% 300 2.09 — 30,200 1.46 1,500 30,600 1.46 1,500 93% 29,700 1.53 1,500

Total Porcupine, Canada 100% 2,000 4.57 300 33,000 1.94 2,100 34,900 2.09 2,300 92% 32,700 2.10 2,200

Éléonore, Canada 100% 2,200 4.86 300 7,900 5.10 1,300 10,100 5.05 1,600 92% 8,900 5.38 1,500

Akyem Open Pit 100% 12,700 1.52 600 5,500 1.58 300 18,200 1.54 900 90% 19,000 1.55 900
(5)
Akyem Stockpiles 100% 700 0.72 — — — — 700 0.72 — 90% 6,700 0.78 200
(22)
Total Akyem, Ghana 100% 13,500 1.48 600 5,500 1.58 300 19,000 1.50 900 90% 25,600 1.35 1,100

Total Gold 622,100 1.06 21,100 3,741,000 0.94 113,000 4,363,000 0.96 134,100 81% 4,348,100 0.97 135,900

(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.
(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.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 7

(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 and 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.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 8

 (1)(2)
Gold Resources at December 31, 2024
Measured Resource Indicated Resource Measured and Indicated Resource Inferred Resource
(3) (3) (3) (3)
Newmont Tonnage Grade Ounces Tonnage Grade Ounces Tonnage Grade Ounces Tonnage Grade Ounces Metallurgical
(3)
Deposits/Districts Share (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) Recovery

Brucejack, Canada 100% — — — 4,300 4.68 600 4,300 4.68 600 16,600 5.8 3,100 96%
(4)
Red Chris, Canada 70% — — — 335,100 0.34 3,700 335,100 0.34 3,700 62,100 0.3 700 55%
(5)(15)
Galore Creek, Canada 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%
(15)
Noche Buena, Mexico 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%
(6)(15)
Conga, Peru 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%
(7)
Total Yanacocha, Peru 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%
(8)(15)
Pueblo Viejo, Dominican Republic 40% 8,200 1.39 400 38,200 1.44 1,800 46,400 1.43 2,100 5,000 1.6 300 88%
(9)(15)
NuevaUnión, Chile 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%
(10)(15)
Norte Abierto, Chile 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%
(11)(15)
Namosi, Fiji 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%
(12)
Wafi-Golpu Open Pit 50% — — — 53,600 1.66 2,900 53,600 1.66 2,900 15,500 1.3 600 65%
(13)
Wafi-Golpu Underground 50% — — — 140,800 0.45 2,000 140,800 0.45 2,000 91,900 0.6 1,900 68%
(15)
Total Wafi-Golpu, Papua New Guinea 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 — 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 100.0% 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%
(14)(16)
Total NGM, Nevada 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%
(17)
Held for sale

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%
(15)
Coffee, Canada 100% 900 2.14 100 49,300 1.26 2,000 50,200 1.28 2,100 6,700 1.0 200 81%
(18)
Akyem, Ghana 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%

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 9

 (1)(2)
Gold Resources - December 31, 2023
Measured Resource Indicated Resource Measured and Indicated Resource Inferred Resource
(3) (3) (3) (3)
Newmont Tonnage Grade Ounces Tonnage Grade Ounces Tonnage Grade Ounces Tonnage Grade Ounces Metallurgical
(3)
Deposits/Districts Share (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) Recovery

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%
(19)
Brucejack, Canada 100% — — — 1,800 7.64 500 1,800 7.64 500 12,100 10.3 4,000 96%
(19)
Red Chris, Canada 70% — — — 334,700 0.34 3,600 334,700 0.34 3,600 62,100 0.3 700 55%
(15)
Coffee, Canada 100% 900 2.14 100 49,300 1.27 2,000 50,200 1.28 2,100 6,700 1.0 200 81%
(5)(15)
Galore Creek, Canada 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%
(16)
Peñasquito, Mexico 100% 37,400 0.26 300 157,300 0.22 1,100 194,700 0.23 1,400 22,800 0.2 100 57%
(15)
Noche Buena, Mexico 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%
(15)
Conga, Peru 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%
(8)(15)
Pueblo Viejo, Dominican Republic 40% 7,300 1.47 300 37,300 1.49 1,800 44,600 1.49 2,100 3,200 1.6 200 82%
(9)(15)
NuevaUnión, Chile 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%
(10)(15)
Norte Abierto, Chile 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%
(16)(19)
Total Cadia, Australia 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%
(19)(20)
Total Telfer, Australia 100% — — — 27,600 0.67 600 27,600 0.67 600 — — — 81%
(19)(20)
Havieron, Australia 70% — — — 33,200 2.65 2,800 33,200 2.65 2,800 11,400 1.7 600 87%
(15)(19)
Namosi, Fiji 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%
(16)(19)
Total Lihir, Papua New Guinea 100% — — — 47,100 1.77 2,700 47,100 1.77 2,700 227,400 2.4 17,500 79%

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%
(15)(19)
Total Wafi-Golpu, Papua New Guinea 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%
(14)
Total NGM, United States 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.
(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 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.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 10

 (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.
(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.
(1)
Copper Reserves
December 31, 2024 December 31, 2023

Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
(2) (3) (2) (3) (2) (3) (2) (3)
Newmont Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Metallurgical Tonnage Grade Tonnes
(3)
Deposits/Districts Share (000 tonnes) (Cu %) (000) (000 tonnes) (Cu %) (000) (000 tonnes) (Cu %) (000) Recovery (000 tonnes) (Cu %) (000)

Red Chris Open Pit 70% — —% — 14,700 0.45% — 14,700 0.45% — 80% 30,200 0.43% 100
(4)
Red Chris Underground 70% — —% — 171,700 0.52% 900 171,700 0.52% 900 84% 171,700 0.52% 900
(15)
Total Red Chris, Canada 70% — —% — 186,400 0.52% 1,000 186,400 0.52% 1,000 84% 201,900 0.51% 1,000
(5)
Yanacocha, Peru 100% — —% — 111,100 0.63% 700 111,100 0.63% 700 83% 111,100 0.63% 700
(6)(13)
NuevaUnión, Chile 50% — —% — 1,118,000 0.40% 4,400 1,118,000 0.40% 4,400 88% 1,118,000 0.40% 4,400
(7)(13)
Norte Abierto, Chile 50% — —% — 598,800 0.22% 1,300 598,800 0.22% 1,300 87% 598,800 0.22% 1,300

Boddington Open Pit 100% 276,500 0.09% 200 219,200 0.10% 200 495,700 0.09% 500 81% 407,900 0.10% 400
(8)
Boddington Stockpiles 100% 2,100 0.13% — 61,900 0.09% 100 64,100 0.09% 100 79% 72,000 0.09% 100
(9)
Total Boddington, Australia 100% 278,600 0.09% 200 281,200 0.10% 300 559,800 0.09% 500 81% 479,900 0.10% 500
(10)(14)(15)
Cadia, Australia 100% — —% — 1,051,800 0.29% 3,100 1,051,800 0.29% 3,100 87% 1,102,300 0.29% 3,200
(11)(13)(15)
Wafi-Golpu, Papua New Guinea 50% — —% — 194,500 1.20% 2,300 194,500 1.20% 2,300 95% 194,500 1.20% 2,300
(12)(14)
NGM, United States 38.5% 4,300 0.16% — 71,000 0.18% 100 75,400 0.18% 100 66% 86,100 0.17% 100

Total Copper 282,900 0.09% 200 3,612,900 0.37% 13,200 3,895,800 0.35% 13,500 88% 3,892,500 0.35% 13,700

(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.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 11

 (1)(2)
Copper Resources - December 31, 2024
Measured Resource Indicated Resource Measured and Indicated Resource Inferred Resource
(3) (3) (3) (3)
Newmont Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Metallurgical
(3)
Deposits/Districts Share (000 tonnes) (Cu%) (000) (000 tonnes) (Cu%) (000) (000 tonnes) (Cu%) (000) (000 tonnes) (Cu%) (000) Recovery
(4)
Red Chris, Canada 70% — —% — 335,100 0.34% 1,100 335,100 0.34% 1,100 62,100 0.4% 200 81%
(5)(12)
Galore Creek, Canada 50% 212,800 0.44% 900 385,600 0.47% 1,800 598,400 0.46% 2,800 118,900 0.3% 300 93%
(6)(12)
Conga, Peru 100% — —% — 693,800 0.26% 1,800 693,800 0.26% 1,800 230,500 0.2% 400 84%
(7)
Yanacocha, Peru 100% 1,500 1.02% — 99,800 0.36% 400 101,300 0.37% 400 39,700 0.4% 100 81%
(8)(12)
NuevaUnión, Chile 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%
(9)(12)
Norte Abierto, Chile 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% — — —% 3,200 30,800 0.13% 3,200 11,000 0.5% 900 85%

Cadia Underground 100% — —% — 1,245,100 0.25% — 1,245,100 0.25% — 549,400 0.2% 100 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%

(12)
Total Namosi, Fiji 73.24% — —% — 105,500 0.61% 600 105,500 0.61% 600 1,556,800 0.3% 5,200 85%
(10)(12)
Wafi-Golpu, Papua New Guinea 50% — —% — 140,800 0.73% 1,000 140,800 0.73% 1,000 91,900 0.7% 600 95%
(11)(13)
NGM, United States 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%

(1)(2)
Copper Resources at December 31, 2023
Measured Resources Indicated Resources Measured and Indicated Resources Inferred Resources
(3) (3) (3) (3)
Newmont Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnoes Tonnage Grade Tonnes Metallurgical
(3)
Deposits/Districts Share (000 tonnes) (Cu%) (000) (000 tonnes) (Cu%) (000) (000 tonnes) (Cu%) (000) (000 tonnes) (Cu%) (000) Recovery
(14)
Red Chris, Canada 70% — —% — 334,700 0.34% 1,100 334,700 0.34% 1,100 62,100 0.4% 200 81%
(5)(12)
Galore Creek, Canada 50% 212,800 0.44% 900 385,600 0.47% 1,800 598,400 0.46% 2,800 118,900 0.3% 300 93%
(12)
Conga, Peru 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%
(8)(12)
NuevaUnión, Chile 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%
(9)(12)
Norte Abierto, Chile 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%
(13)(14)
Total Cadia, Australia 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%

(14)(15)
Total Telfer, Australia 100% — —% — 27,600 0.09% — 27,600 0.09% — — —% — 65%
(14)(15)
Havieron, Australia 70% — —% — 33,200 0.34% 100 33,200 0.34% 100 11,400 0.2% — 86%
(14)(15)
Telfer Projects, Australia 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%

(12)(14)
Total Namosi, Fiji 73.24% — —% — 105,500 0.61% 600 105,500 0.61% 600 1,556,800 0.3% 5,200 85%
(12)(14)
Wafi-Golpu, Papua New Guinea 50% — —% — 140,800 0.73% 1,000 140,800 0.73% 1,000 91,900 0.7% 600 95%
(11)
NGM, United States 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.
(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 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.
(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.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 12

(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.

(1)
Silver Reserves
December 31, 2024 December 31, 2023

Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
(2) (3) (2) (3) (2) (3) (2) (3)
Newmont Tonnage Grade Ounces Tonnage Grade Ounces Tonnage Grade Ounces Metallurgical Tonnage Grade Ounces
(3)
Deposits/Districts Share (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) Recovery (000 tonnes) (g/tonne) (000)
(15)
Brucejack, Canada 100% — — — 8,600 34.36 9,500 8,600 34.36 9,500 83% 11,500 34.71 12,800

Peñasquito Open Pits 100% 93,900 34.68 104,700 130,800 28.52 119,900 224,700 31.09 224,600 83% 264,500 33.84 287,800
(4)
Peñasquito Stockpiles 100% 4,700 25.38 3,800 27,300 28.32 24,800 32,000 27.89 28,700 73% 26,500 29.18 24,900
(5)(14)
Total Peñasquito, Mexico 100% 98,600 34.24 108,500 158,100 28.49 144,800 256,600 30.70 253,300 82% 291,000 33.42 312,600

Cerro Negro, Argentina 100% 2,200 89.85 6,400 7,100 65.87 15,000 9,300 71.58 21,400 75% 9,200 72.58 21,500

Yanacocha Open Pits and Underground 100% — — — 93,400 19.89 59,800 93,400 19.89 59,800 54% 93,400 19.89 59,800
(4)(6)
Yanacocha Stockpiles and Leach Pads 100% — — — 78,900 9.33 23,600 78,900 9.33 23,600 13% 86,000 9.07 25,100
(7)
Total Yanacocha, Peru 100% — — — 172,300 15.05 83,400 172,300 15.05 83,400 43% 179,500 14.70 84,800

Pueblo Viejo Open Pits 40% 32,200 12.44 12,900 49,500 11.49 18,300 81,700 11.86 31,200 71% 76,600 12.59 31,000
(4)
Pueblo Viejo Stockpiles 40% — — — 38,800 14.22 17,700 38,800 14.22 17,700 71% 39,700 14.48 18,500
(8)(13)
Total Pueblo Viejo, Dominican Republic 40% 32,200 12.44 12,900 88,300 12.69 36,000 120,500 12.62 48,900 71% 116,300 13.24 49,500
(9)(13)
NuevaUnión, Chile 50% — — — 1,118,000 1.31 47,200 1,118,000 1.31 47,200 66% 1,118,000 1.31 47,200
(10)(13)
Norte Abierto, Chile 50% — — — 598,800 1.52 29,300 598,800 1.52 29,300 74% 598,800 1.52 29,300
(11)(14)(15)
Cadia, Australia 100% — — — 1,051,800 0.67 22,800 1,051,800 0.67 22,800 68% 1,102,300 0.68 24,000

NGM Open Pit 38.5% — — — 54,600 7.78 13,700 54,600 7.78 13,700 38% 60,800 6.93 13,600
(4)
NGM Stockpiles 38.5% 3,200 7.87 800 — — — 3,200 7.87 800 38% 2,400 7.97 600
(12)(14)
Total NGM, United States 38.5% 3,200 7.87 800 54,600 7.78 13,700 57,900 7.78 14,500 38% 63,200 6.97 14,200

Total Silver 136,200 29.37 128,600 3,257,700 3.83 401,600 3,393,800 4.86 530,200 71% 3,489,800 5.31 596,000

(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.
(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)
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.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 13

 (1)(2)
Silver Resources - December 31, 2024
Measured Resource Indicated Resource Measured and Indicated Resource Inferred Resource
(3) (3) (3) (3)
Newmont Tonnage Grade Ounces Tonnage Grade Ounces Tonnage Grade Ounces Tonnage Grade Ounces Metallurgical
(3)
Deposits/Districts Share (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) Recovery

Brucejack, Canada 100% — — — 4,300 19.68 2,700 4,300 19.68 2,700 16,600 11.6 6,200 82%
(4)(12)
Galore Creek, Canada 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%
(12)
Noche Buena, Mexico 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%
(5)(12)
Conga, Peru 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%
(6)
Yanacocha Leach Pad 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%
(7)
Total Yanacocha, Peru 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%
(8)(12)
Pueblo Viejo, Dominican Republic 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%
(9)(12)
NuevaUnión, Chile 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%
(10)(12)
Norte Abierto, Chile 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%
(12)
Wafi-Golpu, Papua New Guinea 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%

(11)(13)
NGM, United States 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%

(1)(2)
Silver Resources - December 31, 2023
Measured Resource Indicated Resource Measured and Indicated Resource Inferred Resource
(3) (3) (3) (3)
Newmont Tonnage Grade Ounces Tonnage Grade Ounces Tonnage Grade Ounces Tonnage Grade Ounces Metallurgical
(3)
Deposits/Districts Share (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) (000 tonnes) (g/tonne) (000) Recovery
(14)
Brucejack, Canada 100% — — — 1,800 8.09 500 1,800 8.09 500 12,100 10.0 3,900 85%
(4)(12)
Galore Creek, Canada 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%
(13)
Peñasquito, Mexico 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%
(12)
Noche Buena, Mexico 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%
(12)
Conga, Peru 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%
(8)(12)
Pueblo Viejo, Dominican Republic 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%
(9)(12)
NuevaUnión, Chile 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%
(10)(12)
Norte Abierto, Chile 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%
(13)(14)
Cadia, Australia 100% — — — 1,596,600 0.61 31,300 1,596,600 0.61 31,300 497,000 0.5 7,500 65%
(12)(14)
Wafi-Golpu, Papua New Guinea 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%

(11)
NGM, United States 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.
(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)
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 and 2023 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.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 14

 (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.

(1)
Lead Reserves
December 31, 2024 December 31, 2023
Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
(2) (3) (2) (3) (2) (3) (2) (3)
Newmont Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Metallurgical Tonnage Grade Tonnes
(3)
Deposits/Districts Share (000 tonnes) (Pb %) (000) (000 tonnes) (Pb %) (000) (000 tonnes) (Pb %) (000) Recovery (000 tonnes) (Pb %) (000)
(4)(6)
Peñasquito Open Pits, Mexico 100% 93,900 0.35% 300 130,800 0.27% 400 224,700 0.30% 700 75% 264,500 0.32% 900
(4)(5)(6)
Peñasquito Stockpiles, Mexico 100% 4,700 0.28% — 27,300 0.37% 100 32,000 0.36% 100 68% 26,500 0.37% 100

Total Lead 98,600 0.35% 300 158,100 0.29% 500 256,600 0.31% 800 74% 291,000 0.33% 900

(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.
(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)
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.

(1)(2)
Lead Resources - December 31, 2024
Measured Resource Indicated Resource Measured and Indicated Resource Inferred Resource
(3) (3) (3) (3)
Newmont Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Metallurgical
(3)
Deposits/Districts Share (000 tonnes) (Pb %) (000) (000 tonnes) (Pb %) (000) (000 tonnes) (Pb %) (000) (000 tonnes) (Pb %) (000) Recovery

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%

(1)(2)
Lead Resources - December 31, 2023
Measured Resource Indicated Resource Measured and Indicated Resource Inferred Resource
(3) (3) (3) (3)
Newmont Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Metallurgical
(3)
Deposits/Districts Share (000 tonnes) (Pb %) (000) (000 tonnes) (Pb %) (000) (000 tonnes) (Pb %) (000) (000 tonnes) (Pb %) (000) Recovery
(4)
Peñasquito, Mexico 100% 37,400 0.28% 100 157,300 0.24% 400 194,700 0.24% 500 22,800 0.2% 100 72%
(5)(6)
Telfer Projects, Australia 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.
(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)
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.

(1)
Zinc Reserves
December 31, 2024 December 31, 2023

Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
(2) (3) (2) (3) (2) (3) (2) (3)
Newmont Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Metallurgical Tonnage Grade Tonnes
(3)
Deposits/Districts Share (000 tonnes) (Zn %) (000) (000 tonnes) (Zn %) (000) (000 tonnes) (Zn %) (000) Recovery (000 tonnes) (Zn %) (000)
(4)(6)
Peñasquito Open Pits, Mexico 100% 93,900 0.81% 800 130,800 0.60% 800 224,700 0.69% 1,500 83% 264,500 0.79% 2,100
(4)(5)(6)
Peñasquito Stockpiles, Mexico 100% 4,700 0.80% — 27,300 0.54% 100 32,000 0.58% 200 75% 26,500 0.53% 100

Total Zinc 98,600 0.81% 800 158,100 0.59% 900 256,600 0.68% 1,700 82% 291,000 0.77% 2,200

(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.
(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)
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.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 15

 (1)(2)
Zinc Resources - December 31, 2024
Measured Resource Indicated Resource Measured and Indicated Resource Inferred Resource
(3) (3) (3) (3)
Newmont Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Metallurgical
(3)
Deposits/Districts Share (000 tonnes) (Zn %) (000) (000 tonnes) (Zn %) (000) (000 tonnes) (Zn %) (000) (000 tonnes) (Zn %) (000) Recovery

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%

(1)(2)
Zinc Resources - December 31, 2023
Measured Resource Indicated Resource Measured and Indicated Resource Inferred Resource
(3) (3) (3) (3)
Newmont Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Metallurgical
(3)
Deposits/Districts Share (000 tonnes) (Zn %) (000) (000 tonnes) (Zn %) (000) (000 tonnes) (Zn %) (000) (000 tonnes) (Zn %) (000) Recovery
(4)
Peñasquito, Mexico 100% 37,400 0.69% 300 157,300 0.59% 900 194,700 0.61% 1,200 22,800 0.6% 100 81%
(5)(6)
Telfer Projects, Australia 100% — —% — 51,700 0.30% 300 51,700 0.30% 300 1,900 0.2% — 89%

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.
(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)
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. Zinc resources at sites acquired through
the Newcrest transaction were estimated at a zinc price of $1.15 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.

(1)
Molybdenum Reserves
December 31, 2024 December 31, 2023

Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
(2) (3) (2) (3) (2) (3) (2) (3)
Newmont Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Metallurgical Tonnage Grade Tonnes
(3)
Deposits/Districts Share (000 tonnes) (Mo %) (000) (000 tonnes) (Mo %) (000) (000 tonnes) (Mo %) (000) Recovery (000 tonnes) (Mo %) (000)
(4)(5)
NuevaUnión, Chile 50% — — % — 776,900 0.02 % 100 776,900 0.02 % 100 48% 776,900 0.02% 100
(6)(7)(8)
Cadia, Australia 100% — — % — 1,040,600 0.01 % 100 1,040,600 0.01 % 100 67% 1,085,100 0.01% 100

Total Molybdenum — —% — 1,817,500 0.01 % 200 1,817,500 0.01 % 200 56% 1,862,000 0.01% 200

(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.
(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)
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.

(1)(2)
Molybdenum Resources - December 31, 2024
Measured Resource Indicated Resource Measured and Indicated Resource Inferred Resource
(3) (3) (3) (3)
Newmont Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Metallurgical
(3)
Deposits/Districts Share (000 tonnes) (Mo %) (000) (000 tonnes) (Mo %) (000) (000 tonnes) (Mo %) (000) (000 tonnes) (Mo %) (000) Recovery
(4)
NuevaUnión, Chile 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%

(1)(2)
Molybdenum Resources - December 31, 2023
Measured Resource Indicated Resource Measured and Indicated Resource Inferred Resource
(3) (3) (3) (3)
Newmont Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Tonnage Grade Tonnes Metallurgical
(3)
Deposits/Districts Share (000 tonnes) (Mo %) (000) (000 tonnes) (Mo %) (000) (000 tonnes) (Mo %) (000) (000 tonnes) (Mo %) (000) Recovery
(4)
NuevaUnión, Chile 50% 159,500 0.01% — 231,500 0.01% — 391,000 0.01% — 362,300 —% — 52%
(5)(6)
Cadia, Australia 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.
(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)
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.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 16

 (1)(2)
Tungsten Resources at December 31, 2023
Measured Resource Indicated Resource Measured and Indicated Resource Inferred Resource
(3)
Newmont Tonnage Grade Tonnes Tonnage Grade Tonnes (3) Tonnage Grade Tonnes (3) Tonnage Grade Tonnes (3) Metallurgical
(3)
Deposits/Districts Share (000 tonnes) (W %) (000) (000 tonnes) (W %) (000) (000 tonnes) (W %) (000) (000 tonnes) (W %) (000) Recovery

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.
(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.

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 17

Cautionary Statement Regarding Reserve and Resource Estimates:
The reserves stated herein were prepared in compliance with Subpart 1300 of Regulation S-K adopted by the United States Securities and
Exchanges Commission ("the SEC") and represent the amount of gold, copper, silver, lead, zinc, molybdenum and tungsten estimated, at
December 31, 2024 or December 31, 2023, as applicable, could be economically and legally extracted or produced at the time of the reserve
determination. The term “economically,” as used in this definition, means that profitable extraction or production has been established or
analytically demonstrated in at a minimum, a pre-feasibility study to be viable and justifiable under reasonable investment and market
assumptions. The term “legally,” as used in this definition, does not imply that all permits needed for mining and processing have been obtained
or that other legal issues have been completely resolved. However, for a reserve to exist, Newmont (or our joint venture partners) must have a
justifiable expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues necessary for mining and
processing at a particular deposit will be accomplished in the ordinary course and in a timeframe consistent with Newmont’s (or our joint venture
partners') current mine plans. Reserves in this presentation are aggregated from the proven and probable classes. The term “Proven reserves”
used in the tables of the appendix means reserves for which (a) quantity is estimated from dimensions revealed in outcrops, trenches, workings
or drill holes; (b) grade and/or quality are estimated from the results of detailed sampling; and (c) the sites for inspection, sampling and
measurements are spaced so closely and the geologic character is sufficiently defined that size, shape, depth and mineral content of reserves are
well established. The term “Probable reserves” means reserves for which quantity and grade are estimated 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. Newmont classifies all reserves as Probable
on its development projects until a year of production has confirmed all assumptions made in the reserve estimates. Proven and Probable
reserves include gold, copper, silver, zinc, lead, molybdenum or tungsten attributable to Newmont’s ownership or economic interest. Proven and
Probable reserves were calculated using cut-off grades. The term “cutoff grade” means the lowest grade of mineralized material considered
economic to process. Cut-off grades vary between deposits depending upon prevailing economic conditions, mineability of the deposit, by-
products, amenability of the ore to gold, copper, silver, zinc, lead, molybdenum or tungsten extraction and type of milling or leaching facilities
available.
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, silver, copper, zinc, lead, molybdenum and tungsten 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 using
significantly lower gold, silver, zinc, copper, lead, molybdenum and tungsten prices as a result of a decrease in commodity 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 and 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. Estimates of resources are subject to further exploration and
development, are subject to additional risks, and no assurance can be given that they will eventually convert to future reserves. Inferred
resources, in particular, have a great amount of uncertainty as to their existence and their economic and legal feasibility. Investors are cautioned
not to assume that any part of all of the Inferred resource exists or is economically or legally mineable. The Company cannot be certain that any
part or parts of the resource will ever be converted into reserves. In addition, if the price of gold, silver, copper, zinc, lead, molybdenum or
tungsten 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. If we determine that certain of our mineral reserves or resources 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. For additional information see the
“Proven and Probable Reserve" and "Measured and Indicated and Inferred Resource" tables herein.
Cautionary Statement Regarding Forward Looking Statements:
This release may 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, which are intended to be covered by the safe harbor created by such sections and other
applicable laws. Such forward-looking statements may include, without limitation, estimates and expectations of future production, reserve
estimates, exploration outlook and expected expenditure, and operational and financial performance. Where the Company expresses or implies
an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable
basis. However, such statements are subject to risks, uncertainties, assumptions and other factors, which could cause actual results to differ
materially from future results expressed or implied by the “forward-looking statements”. Such assumptions, include, but are not limited to the
key assumptions set forth on page 5 herein. Investors are also encouraged to refer to the Company’s Form 10-K for its fiscal year 2024, filed with
the SEC on or about February 21, 2025, as well as Newmont's other SEC filings, under the headings “Risk Factors” and “Forward-Looking
Statements” for additional information. The Company does not undertake any obligation to release publicly revisions to any “forward-looking
statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the
occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of
update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking
statements” is at investors' own risk.
Note Regarding Go-Forward Tier 1 Portfolio:
Newmont’s go-forward Tier 1 portfolio is focused on Tier 1 assets, consisting of (1) six managed Tier 1 assets (Boddington, Tanami, Cadia, Lihir,
Peñasquito, and Ahafo), (2) assets owned through two non-managed joint ventures at Nevada Gold Mines and Pueblo Viejo, including four Tier 1
assets (Carlin, Cortez, Turquoise Ridge, and Pueblo Viejo), (3) three emerging Tier 1 assets (Merian, Cerro Negro, and Yanacocha), which do not
currently meet the criteria for Tier 1 Asset, and (4) an emerging Tier 1 district in the Golden Triangle in British Columbia (Red Chris and Brucejack),
which does not currently meet the criteria for Tier 1 Asset. Newmont’s Tier 1 portfolio also includes attributable production from the Company’s
equity interest in Lundin Gold (Fruta del Norte). Tier 1 Portfolio cost and capital metrics include the proportional share of the Company’s interest
in the Nevada Gold Mines joint venture.
Tier 1 Assets are defined as having, on average over such asset’s mine life: (1) production of over 500,000 GEO’s/year on a consolidated basis, (2)
average all-in sustaining cost ("AISC") / 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. For the definition of GEOs and AISC, see Newmont’s
annual report on Form 10-K on file with the SEC. With respect to other assets in the industry, such terms and metrics are as published in public
filings of the third party entities reporting with respect to those assets. Our methods of calculating operating metrics, such as AISC, and those of
third parties may differ for similarly titled metrics published by other parties due to differences in methodology.
Note that this classification is based on the reasonable good faith expectations of management as of the date hereof based on an assessment
that considers past performance, as well as expectations over the remainder of the life of mine. As such, Tier 1 Asset classifications are forward-

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 18

looking statement with respect to the average over the life of mine. For example, an asset may not fit one element of such definition due to a
change over a select period, but continue to be designated as a Tier 1 Asset based on an aggregated assessment of the asset over the life of
mine. Estimates or expectations of future production, AISC, mine life and country ratings are based upon certain assumptions, which may prove
to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical,
hydrological and other physical conditions; (ii) permitting, development, operations and expansion of Newmont’s operations and projects being
consistent with current expectations and mine plans; (iii) political developments being consistent with current expectations; (iv) certain price
assumptions for gold, copper, silver, zinc, lead and oil; (v) prices for key supplies; (vi) the accuracy of current mineral reserve, mineral resource
and mineralized material estimates; and (vii) other planning assumptions.
About Newmont
Newmont is the world’s leading gold company and a producer of copper, zinc, lead, and silver. The company’s world-class portfolio of assets,
prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New
Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and
governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical
expertise. Founded in 1921, the company has been publicly traded since 1925.

Investor Contact - Global

Neil Backhouse investor.relations@newmont.com

Investor Contact - Asia Pacific

Natalie Worley apac.investor.relations@newmont.com

Media Contact - Global

Shannon Lijek globalcommunications@newmont.com

Media Contact - Asia Pacific

Rosalie Cobai australiacommunications@newmont.com

NEWMONT 2024 RESERVES AND RESOURCES RESULTS | NEWS RELEASE 19