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. ("Lundin Gold"), 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.

Third 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 $2,475 or $2.35 per diluted share, an increase of $643 from the prior-year quarter primarily due to a net increase in Sales, largely reflecting higher average realized gold and silver prices partially offset by lower sales volumes for gold and an increase in Costs applicable to sales. Results for the current quarter were also affected by certain notable items impacting comparability to the prior-year quarter, including the contribution from Ahafo North following its achievement of commercial production in the fourth quarter of 2025 and designation as a reportable segment, completion of our divestment program in 2025, and the impact at Cadia associated with the temporary suspension of operations following seismic activity recorded near the operation in the second quarter of 2026.

•Adjusted net income: Reported Adjusted net income (loss) of $2,309 or $2.20 per diluted share, an increase of $0.49 per diluted share from the prior-year quarter (refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A).

•Adjusted EBITDA: Reported $3,951 in Adjusted EBITDA, an increase of 19% 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 $9,477 for the nine months ended September 30, 2026, an increase of 41% from the prior year, and Free cash flow of $7,261 for the nine months ended September 30, 2026 (refer to Non-GAAP Financial Measures within Part I, Item 2, MD&A).

•Portfolio updates: In August 2026, the Company and Barrick Mining Corporation ("Barrick") reached an agreement under which Barrick's Fourmile and the Company's Fiberline and Mike development properties will be contributed to the Nevada Gold Mines joint venture. The Company also agreed to make a $1.95 billion cash payment to Barrick within 30 days following the contribution of the Fourmile development property. The contributions are expected to occur in the fourth quarter of 2026 and result in a gain.

•Attributable production: Produced 1.3 million attributable ounces of gold and 258 thousand attributable gold equivalent ounces from co-products (23 thousand tonnes of copper, 11 million ounces of silver, 22 thousand tonnes of lead, and 67 thousand tonnes of zinc).

•Financial strength: Ended the quarter with $8,827 of consolidated cash and $12,827 of total liquidity; repurchased $5,241 of common stock for the nine months ended September 30, 2026. In October, settled an additional $451 of share repurchases and declared a dividend of $0.26 per share.