NEWMONT Corp /DE/

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

(1)The Fruta del Norte mine is wholly owned and operated by Lundin Gold Inc., in which Newmont holds a 32% interest, and is accounted for as an equity method investment on a quarter lag.

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

(3)Gold equivalent ounces are calculated as pounds or ounces produced or sold multiplied by the ratio of the other metals’ price to the gold price. In 2025, the Company updated the metal prices utilized for this calculation to align with reserve metal price assumptions. Utilizing the updated 2025 pricing resulted in fewer, calculated "gold equivalent ounces - other metals" than would have been calculated using the 2024 pricing. Incremental ounces produced using the 2024 pricing would be 81 thousand and 247 thousand, respectively, for the three and nine months ended September 30, 2025. Incremental ounces sold using the 2024 pricing would be 84 thousand and 247 thousand, respectively, for the three and nine months ended September 30, 2025. Refer to Results of Consolidated Operations within Part I, Item 2, MD&A for further information.

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

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

Third Quarter 2025 Highlights(dollars in millions, except per share, per ounce, per pound, and per tonne amounts, unless otherwise noted)

•Net income: Reported Net income (loss) from continuing operations attributable to Newmont stockholders of $1,832 or $1.67 per diluted share, an increase of $959 from the prior-year quarter primarily due to (i) a net increase in Sales largely due to higher average realized gold prices partially offset by the impact from divestitures, (ii) a net reduction in Costs applicable to sales largely due to the impact of divestitures, and (iii) a gain on the partial reversal of a prior period write-down on assets held for sale, compared to prior year write-downs from assets held for sale, recognized in(Gain) loss on sale of assets held for sale. This increase was partially offset by the increase in income tax expense recognized within Income and mining tax benefit (expense).

•Adjusted net income: Reported Adjusted net income of $1,883 or $1.71 per diluted share, an increase of $0.90 per diluted share from the prior-year quarter (refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A).

•Adjusted EBITDA: Reported $3,309 in Adjusted EBITDA, an increase of 68% from the prior-year quarter (refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A).

•Cash flow: Reported Net cash provided by (used in) operating activities of $6,713 for the nine months ended September 30, 2025, an increase of 76% from the prior year, and Free cash flow of $4,486 for the nine months ended September 30, 2025 (refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A).

•Portfolio updates: Sold the Company's investment in Orla Mining Ltd. for cash consideration of $428; announced the sale of the Coffee development project, which closed in October; expect to declare commercial production at the Ahafo North project in Ghana in October.

•Attributable production: Produced 1.4 million attributable ounces of gold and 359 thousand attributable gold equivalent ounces from co-products (35 thousand tonnes of copper, 7 million ounces of silver, 26 thousand tonnes of lead, and 59 thousand tonnes of zinc).

•Financial strength: Ended the quarter with $5.6 billion of consolidated cash, $9.6 billion of total liquidity, and Net debt of $12 (refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A); redeemed $3,360 of senior notes and settled $1,875 of share repurchases for the nine months ended September 30, 2025. In October, declared a dividend of $0.25 per share and settled an additional $179 of share repurchases.