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)Excludes Depreciation and amortization and Reclamation and remediation.

(4)Calculated by dividing the costs applicable to sales of gold and other metals by gold ounces or gold equivalent ounces sold, respectively.

(5)All AISC figures are presented on a co-product basis; costs are allocated to co-product metals based upon the relative sales value, determined using GEO pricing, of gold and other metals produced during the period. Refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A.

First Quarter 2026 Highlights(dollars in millions, except per share, per ounce, per pound, and per tonne amounts, unless otherwise noted)

•Net income: Reported Net income (loss) attributable to Newmont stockholders of $3,262 or $3.00 per diluted share, an increase of $1,371 from the prior-year quarter is primarily due to a net increase in Sales, largely reflecting increased average realized gold and silver prices, and lower Costs applicable to sales, primarily due to the impact from divestitures. These favorable impacts were partially offset by higher Income and mining tax benefit (expense)and a decrease in(Gain) loss on sale of assets held for saledue to the completion of our divestment program in 2025.

•Adjusted net income: Reported Adjusted net income (loss) of $3,156 or $2.90 per diluted share, an increase of $1.65 per diluted share from the prior-year quarter (refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A).

•Adjusted EBITDA: Reported $5,154 in Adjusted EBITDA, an increase of 96% 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 $3,785 for the three months ended March 31, 2026, an increase of 86% from the prior year, and Free cash flow of $3,144 for the three months ended March 31, 2026 (refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A).

•Portfolio updates: Received cash proceeds of $358 related to the equity sales of Greatland Resources Limited and SolGold plc and deferred consideration related to the Musselwhite and CC&V divestments.

•Attributable production: Produced 1.3 million attributable ounces of gold and 258 thousand attributable gold equivalent ounces from co-products (30 thousand tonnes of copper, 9 million ounces of silver, 27 thousand tonnes of lead, and 62 thousand tonnes of zinc).

•Financial strength: Ended the quarter with $8,775 of consolidated cash and $12,775 of total liquidity; redeemed $42 of senior notes and repurchased $1,895 of common stock. In April, settled an additional $556 of share repurchases, declared a dividend of $0.26 per share, and authorized an additional $6,000 stock repurchase program.