Financial News

Recent Quotes

My Watchlist

Indicators

Overview

Newmont Announces Increased 2022 Mineral Reserves of 96 Million Gold Ounces and 68 Million Gold Equivalent Ounces

By: Newmont Corporation via Business Wire

February 23, 2023 at 07:05 AM EST

Newmont Corporation (NYSE: NEM, TSX: NGT) reported higher gold Mineral Reserves ("reserves") of 96.1 million attributable ounces for 2022 compared to the Company’s 92.8 million ounces at the end of 2021. Newmont has significant upside to other metals, including more than 15 billion pounds of copper reserves and nearly 600 million ounces of silver reserves.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230223005160/en/

PERCENTAGE OF GOLD RESERVES BY JURISDICTION

"In 2022, Newmont replaced depletion and grew reserves by nearly 4 percent as we continued to focus on extending mine life, developing districts and discovering new opportunities in the most favorable mining jurisdictions. Our diverse, global portfolio of operations and projects delivers steady production for at least the next decade, leading the industry with approximately six million gold ounces per year. Supported by the most extensive exploration program in the industry, our team is actively building a profitable and resilient production pipeline for the next several decades."

- Tom Palmer, President and Chief Executive Officer

2022 RESERVES & RESOURCES HIGHLIGHTS

Robust gold reserves of 96.1 million ounces
Over 90 percent of gold reserves in top-tier jurisdictions
Addition of 8.6 million ounces in 2022 primarily due to 4.4 million attributable ounces from additions at Pueblo Viejo and 2.8 million from exploration at Newmont's managed operations; further improved by 3.1 million ounces from Newmont's increase in ownership of Yanacocha to 100 percent in 2022
Underpinned by a strong base of operating sites with gold reserve life of 10 years or more, including Boddington, Tanami, Ahafo, Peñasquito, Cerro Negro, Merian, Pueblo Viejo and Nevada Gold Mines (NGM), and further enhanced by our six other managed mines and organic project pipeline
Significant gold reserves per share with 120 ounces per 1,000 shares
Measured & Indicated Gold Mineral Resources of 75.3 million ounces and Inferred Resources of 36.1 million ounces
Significant exposure to copper with 15.7 billion pounds in reserves, 17.9 billion pounds in Measured & Indicated resources and 8.6 billion pounds in Inferred resources
Additional exposure to other metals including silver, lead and zinc

PERCENTAGE OF GOLD RESERVES BY JURISDICTION¹

Newmont’s reserve base is a key differentiator with over 90 percent of gold reserves located in top-tier jurisdictions, an average reserve grade of 1.09 grams per tonne and an operating reserve life of more than 10 years at six 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 68 million gold equivalent ounces² of reserves from copper, silver, lead, zinc and molybdenum.

PROVEN & PROBABLE GOLD RESERVES
In millions of ounces
2021 Gold Reserves	92.8
Additions	8.6
Acquisitions³	3.1
Net Revisions	(1.2	)
Depletion	(7.2	)
2022 Gold Reserves	96.1

For 2022, Newmont reported 96.1 million ounces of gold Mineral Reserves, a 3.6 percent increase from the prior year total of 92.8 million ounces. Additions of 8.6 million ounces and acquisitions³of 3.1 million ounces were partially offset by depletion of 7.2 million ounces and unfavorable net revisions of 1.2 million ounces.

Additions before revisions of 8.6 million ounces through exploration and technical studies met the Company’s target despite higher costs. Notable reserve additions for the year from Newmont’s operating sites included:

Cerro Negro added 0.8 million ounces primarily due to drilling in the Eastern Districts
Merian added 0.5 million attributable ounces primarily due to drilling at the Merian 2 open pit
Tanami added 0.4 million ounces primarily due to drilling at Liberator and Auron
Ahafo North added 0.2 million ounces primarily due to drilling
Newmont’s 40 percent interest in Pueblo Viejo added 4.4 million attributable ounces, and its 38.5 percent interest in NGM added 1.4 million attributable ounces

Net unfavorable revisions include 0.5 million ounces at Yanacocha due to updated models, technical assumptions and revised mine designs, as well as 0.2 million ounces at Merian and Éléonore due to revised technical assumptions and costs. Additional net negative revisions of 0.7 million ounces were attributable to NGM, mainly at Turquoise Ridge and Carlin. Negative revisions were partially offset by favorable revisions of 0.5 million ounces at Pueblo Viejo.

Newmont’s 38.5 percent interest in NGM represented 18.6 million attributable ounces of gold reserves at year end, compared to 19.3 million ounces at the end of 2021. Newmont's 40 percent interest in Pueblo Viejo represented 8.2 million attributable ounces of gold reserves at year end, compared to 3.6 million ounces at the end of 2021.

Gold reserve grade improved 2 percent to 1.09 grams per tonne compared to 1.06 grams per tonne in the prior year, primarily due to higher grade reserves from the Company’s 40 percent equity ownership in Pueblo Viejo and positive results from the Company's underground managed operations, including Cerro Negro, Tanami and Musselwhite, as well as increased equity ownership in Yanacocha.

MEASURED & INDICATED GOLD RESOURCES			INFERRED GOLD RESOURCES
In millions of ounces			In millions of ounces
2021 Gold Resources	68.3		2021 Gold Resources	33.2
Additions	2.8		Additions	2.6
Acquisitions³	8.2		Acquisitions³	4.3
Divestitures⁴	(1.8	)	Divestitures⁴	(0.4	)
Net Revisions	4.4		Net Revisions	(1.8	)
Conversions	(6.6	)	Conversions	(1.8	)
2022 Gold Resources	75.3		2022 Gold Resources	36.1

In 2022, Newmont reported Measured and Indicated Gold Mineral Resources of 75.3 million ounces, a 10 percent increase from the prior year total of 68.3 million ounces. Inferred Gold Mineral Resources totaled 36.1 million ounces, a 9 percent increase from the prior year total of 33.2 million ounces. In total, resource conversions to reserves were more than offset by a combination of acquisitions, additions and net positive revisions.

Measured and Indicated Gold Mineral Resources added through exploration programs were 2.8 million ounces and included notable additions before revisions of 0.5 million ounces at Ahafo South underground, 0.5 million ounces at Yanacocha, 0.4 million attributable ounces at NGM, 0.2 million ounces at Cerro Negro, 0.2 million ounces at Peñasquito and 0.2 million ounces at Ahafo North. Acquisitions added 8.2 million ounces, including 7.1 million ounces at Conga and 1.1 million ounces at Yanacocha, while the divestiture of Agua Rica had an impact of 1.8 million ounces.

Measured and Indicated Gold Mineral Resources reported net positive revisions of 4.4 million ounces primarily driven by 0.6 million ounces at Peñasquito, 0.5 million ounces at Tanami, 0.5 million ounces at CC&V, 0.5 million ounces at Musselwhite and 0.4 million ounces at Ahafo South underground. Additionally NGM added 1.4 million attributable ounces, primarily at Cortez and Carlin, and Pueblo Viejo added 0.5 million attributable ounces. Positive revisions were partially offset by negative revisions, including 0.4 million ounces at the Ahafo South open pit.

Inferred Gold Mineral Resources added through exploration programs were 2.6 million ounces and included notable additions before revisions of 0.4 million ounces at Cerro Negro, 0.4 million ounces at Ahafo South underground, 0.4 million ounces at Porcupine underground, 0.1 million ounces at Tanami and 0.1 million ounces at Éléonore. Additionally, NGM added 0.9 million attributable ounces. Acquisitions added 4.3 million ounces, including 2.6 million ounces at Yanacocha and 1.4 million ounces at Conga, while the divestiture of Agua Rica had an impact of 0.4 million ounces.

Inferred Gold Mineral Resources reported unfavorable net revisions of 1.8 million ounces, primarily driven by negative revisions of 0.3 million ounces at Ahafo South underground, 0.2 million ounces at Porcupine open pit, 0.1 million ounces at Ahafo South open pit and 0.1 million ounces at Éléonore. Additionally, Pueblo Viejo had negative revisions of 1.2 million attributable ounces. Negative revisions were partially offset by positive revisions of 0.2 million ounces at CC&V and 0.2 million attributable ounces at NGM.

Newmont’s Measured and Indicated Gold Mineral Resource grade increased slightly to 0.67 grams per tonne compared to 0.66 grams per tonne in the prior year. Inferred Gold Mineral Resource grade of 0.70 grams per tonne increased slightly compared to 0.69 grams per tonne in the prior year.

OTHER METALS

In 2022, copper reserves increased slightly to 15.7 billion pounds from 15.1 billion pounds in the prior year, primarily due to increased equity at Yanacocha. Measure and Indicated copper resources increased slightly to 17.9 billion pounds from 17.8 billion pounds, primarily due to increased equity at Conga and Yanacocha. Inferred copper resources remained flat at 8.6 billion pounds as compared to the prior year.

Silver reserves increased to 593 million ounces from 568 million ounces in the prior year, primarily due to increased equity at Yanacocha. Measured and Indicated silver resources also increased to 500 million ounces from 422 million ounces in the prior year, primarily due to increased equity at Yanacocha and Conga. Inferred silver resources decreased to 152 million ounces from 163 million ounces in the prior year, primarily due to the divestiture of Agua Rica and resource conversion at Cerro Negro.

Lead reserves decreased to 2.3 billion pounds from 2.6 billion pounds in the prior year, and zinc reserves also decreased to 5.5 billion pounds from 6.3 billion pounds. These decreases were primarily due to depletion at Peñasquito. Measured and Indicated lead resources increased to 1.6 billion pounds from 1.2 billion pounds, while Inferred lead resources decreased to 440 million pounds from 480 million pounds in the prior year. Measured and Indicated zinc resources increased to 3.7 billion pounds from 2.7 billion pounds and Inferred zinc resources decreased to 1.0 billion pounds from 1.1 billion pounds in the prior year. The increases in Measured and Indicated lead and zinc resources were primarily due to positive revision at Peñasquito. The decreases in Inferred lead and zinc resources were primarily due to negative revisions and conversion at Peñasquito.

EXPLORATION OUTLOOK

Newmont’s attributable exploration expenditure for managed operations is expected to be approximately $200 million in 2023 with 80 percent of total exploration investment dedicated to near-mine expansion programs and the remaining 20 percent allocated to the advancement of greenfield projects.

Additionally, Newmont’s share of exploration investment for its non-managed joint ventures will total approximately $25 million.

Geographically, the Company expects to invest approximately 32 percent in North America, 30 percent in South America, 18 percent in Africa and the remainder in Australia and other locations.

________________________________________________

¹ North America includes 38.5 percent interest in Nevada Gold Mines; South America includes Newmont's 40 percent interest in Pueblo Viejo.

² Gold Equivalent Ounces (GEOs) are calculated using 2022 Mineral Reserve pricing for Gold ($1,400/oz.), Copper ($3.50/lb.), Silver ($20.00/oz.), Lead ($1.00/lb.), and Zinc ($1.20/lb.) and Resource pricing for Gold ($1,600/oz.), Copper ($4.00/lb.), Silver ($23.00/oz.), Lead ($1.20/lb.), and Zinc ($1.45/lb.) and metallurgical recoveries for each metal on a site by site basis, as metal * [(metal price * metal recovery) / (gold price * gold recovery)].

³ In 2022, the Company increased its ownership interest in Yanacocha to 100% by acquiring Buenaventura’s 43.65% and Sumitomo's 5% noncontrolling interest, respectively.

⁴In November 2022, Newmont sold its 18.75% ownership in Agua Rica.

GOLD RESERVE SENSITIVITY

A $100 increase in gold price would result in an approximate three percent increase in gold reserves while a $100 decrease in gold price would result in an approximate seven percent decrease in gold reserves. These sensitivities assume an oil price of $85 per barrel (WTI), Australian dollar exchange rate of $0.75 and Canadian dollar exchange rate of $0.80. These sensitivities assume all other inputs remain equal, including all cost and capital assumptions, which may impact the reality of these approximate estimates.

KEY RESERVE AND RESOURCE ASSUMPTIONS

	At December 31,
		2022		2021
Gold Reserves ($/oz)	$	1,400	$	1,200
Gold Resources ($/oz)	$	1,600	$	1,400
Copper Reserves ($/lb)	$	3.50	$	2.75
Copper Resources ($/lb)	$	4.00	$	3.25
Silver Reserves ($/oz)	$	20.00	$	20.00
Silver Resources ($/oz)	$	23.00	$	23.00
Lead Reserves ($/lb)	$	1.00	$	0.90
Lead Resources ($/lb)	$	1.20	$	1.10
Zinc Reserves ($/lb)	$	1.20	$	1.15
Zinc Resources ($/lb)	$	1.45	$	1.40
Australian Dollar (A$:US$)	$	0.75	$	0.75
Canadian Dollar (C$:US$)	$	0.80	$	0.77
West Texas Intermediate ($/bbl)	$	85	$	60

For additional details on Newmont’s reported gold, copper, silver, lead, zinc and molybdenum Mineral Reserves and Mineral Resources, please refer to the tables at the end of this release.

RESERVE AND RESOURCE TABLES

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

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

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

We publish reserves annually, and will recalculate reserves at December 31, 2023, taking into account metal prices, changes, if any, to future production and capital costs, divestments and depletion as well as any acquisitions and additions during 2023.

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

Gold Reserves⁽¹⁾
December 31, 2022														December 31, 2021
			Proven Reserves			Probable Reserves			Proven and Probable Reserves					Proven and Probable Reserves
Deposits/Districts	Newmont Share		Tonnage⁽²⁾ (000 tonnes)	Grade (g/tonne)	Ounces⁽³⁾ (000)	Tonnage⁽²⁾ (000 tonnes)	Grade (g/tonne)	Ounces⁽³⁾ (000)	Tonnage⁽²⁾ (000 tonnes)	Grade (g/tonne)	Ounces⁽³⁾ (000)	Metallurgical Recovery⁽³⁾		Tonnage⁽²⁾ (000 tonnes)	Grade (g/tonne)	Ounces⁽³⁾ (000)
North America
CC&V Open Pits	100	%	49,300	0.39	620	12,000	0.31	120	61,400	0.37	740	57	%	86,100	0.43	1,180
CC&V Leach Pads ⁽⁴⁾⁽⁵⁾	100	%	—	—	—	32,600	0.78	820	32,600	0.78	820	56	%	31,200	0.81	810
Total CC&V, Colorado			49,300	0.39	620	44,600	0.66	940	94,000	0.52	1,560	56	%	117,300	0.53	1,990
Musselwhite, Canada ⁽⁶⁾	100	%	3,400	5.48	590	7,000	5.89	1,320	10,400	5.76	1,920	96	%	9,500	5.77	1,770
Porcupine Underground ⁽⁷⁾	100	%	1,800	8.50	500	700	8.47	190	2,500	8.49	690	92	%	3,200	7.46	770
Porcupine Open Pit⁽⁸⁾	100	%	2,600	1.60	130	31,900	1.44	1,480	34,500	1.46	1,610	93	%	39,600	1.44	1,830
Total Porcupine, Canada			4,400	4.44	630	32,600	1.59	1,670	37,000	1.93	2,300	93	%	42,800	1.89	2,600
Éléonore, Canada ⁽⁹⁾	100	%	1,900	5.11	310	7,400	5.25	1,260	9,400	5.22	1,570	92	%	11,200	5.05	1,820
Peñasquito, Mexico^(10)(17)	100	%	104,500	0.58	1,960	212,000	0.51	3,450	316,500	0.53	5,410	69	%	362,000	0.54	6,330
TOTAL NORTH AMERICA			163,500	0.78	4,110	303,700	0.89	8,640	467,200	0.85	12,750	79	%	542,800	0.83	14,510
South America
Yanacocha Open Pits ⁽¹¹⁾	100	%	27,500	0.71	630	119,000	0.72	2,750	146,500	0.72	3,380	57	%	84,700	0.68	1,840
Yanacocha Underground ⁽¹²⁾	100	%	—	—	—	12,300	6.06	2,400	12,300	6.06	2,400	97	%	7,000	6.20	1,390
Total Yanacocha, Peru ⁽¹³⁾			27,500	0.71	630	131,300	1.22	5,140	158,800	1.13	5,780	73	%	91,700	1.10	3,230
Merian, Suriname ⁽¹⁴⁾	75	%	31,000	1.16	1,150	73,800	1.16	2,750	104,800	1.16	3,900	93	%	101,600	1.22	4,000
Cerro Negro, Argentina ⁽¹⁵⁾	100	%	1,600	9.46	500	7,800	10.13	2,530	9,400	10.02	3,030	95	%	9,000	8.89	2,560
Pueblo Viejo Open Pits	40	%	23,500	2.29	1,730	55,000	2.15	3,800	78,500	2.19	5,530	90	%	13,200	2.28	970
Pueblo Viejo Stockpiles ⁽¹⁶⁾	40	%	—	—	—	38,200	2.17	2,670	38,200	2.17	2,670	90	%	37,400	2.20	2,640
Total Pueblo Viejo, Dominican Republic ^(17)(18)			23,500	2.29	1,730	93,100	2.16	6,470	116,600	2.19	8,200	90	%	50,600	2.22	3,610
NuevaUnión, Chile ^(19)(28)	50	%	—	—	—	341,100	0.47	5,110	341,100	0.47	5,110	66	%	341,100	0.47	5,110
Norte Abierto, Chile ^(20)(28)	50	%	—	—	—	598,800	0.60	11,620	598,800	0.60	11,620	74	%	598,800	0.60	11,620
TOTAL SOUTH AMERICA			83,700	1.49	4,010	1,245,800	0.84	33,630	1,329,500	0.88	37,640	80	%	1,192,800	0.79	30,130
Australia
Boddington Open Pit	100	%	237,400	0.68	5,190	209,300	0.64	4,300	446,700	0.66	9,490	85	%	476,500	0.68	10,440
Boddington Stockpiles ⁽¹⁶⁾	100	%	2,000	0.71	50	76,200	0.43	1,040	78,300	0.43	1,090	80	%	81,800	0.44	1,150
Total Boddington, Western Australia^(17)(21)			239,400	0.68	5,240	285,500	0.58	5,350	524,900	0.63	10,580	84	%	558,300	0.65	11,590
Tanami, Northern Territory ⁽²²⁾	100	%	11,300	5.05	1,840	21,600	5.49	3,820	33,000	5.34	5,660	98	%	34,800	5.15	5,780
TOTAL AUSTRALIA			250,800	0.88	7,080	307,100	0.93	9,160	557,900	0.91	16,240	89	%	593,100	0.91	17,370
Africa
Ahafo South Open Pits ⁽²³⁾	100	%	9,000	2.42	700	38,600	1.67	2,070	47,600	1.81	2,770	90	%	51,500	1.83	3,030
Ahafo South Underground⁽²⁴⁾	100	%	9,300	3.68	1,100	13,300	2.62	1,130	22,600	3.06	2,230	94	%	22,100	3.14	2,240
Ahafo South Stockpiles ⁽¹⁶⁾	100	%	22,100	0.91	640	—	—	—	22,100	0.91	640	90	%	28,300	0.92	830
Total Ahafo South, Ghana⁽¹⁷⁾			40,400	1.89	2,450	51,900	1.92	3,200	92,300	1.90	5,650	92	%	101,900	1.86	6,100
Ahafo North, Ghana ⁽²⁵⁾	100	%	—	—	—	50,100	2.37	3,820	50,100	2.37	3,820	91	%	46,300	2.40	3,570
Akyem Open Pit ⁽²⁶⁾	100	%	14,300	1.56	720	8,000	1.82	470	22,300	1.66	1,190	91	%	26,700	1.72	1,470
Akyem Stockpiles ⁽¹⁶⁾	100	%	11,900	0.71	270	—	—	—	11,900	0.71	270	92	%	13,900	0.78	350
Total Akyem, Ghana			26,200	1.18	990	8,000	1.82	470	34,200	1.33	1,460	91	%	40,600	1.40	1,820
TOTAL AFRICA			66,600	1.61	3,440	110,100	2.12	7,490	176,700	1.92	10,920	91	%	188,800	1.89	11,490
Nevada
NGM Open Pits	38.5	%	8,300	1.73	460	151,100	0.96	4,650	159,400	1.00	5,110	76	%	129,500	1.26	5,250
NGM Stockpiles ⁽¹⁶⁾	38.5	%	10,100	2.05	670	15,000	2.51	1,210	25,100	2.32	1,880	79	%	29,200	2.33	2,190
NGM Underground	38.5	%	13,700	9.72	4,290	27,500	8.26	7,320	41,300	8.75	11,610	88	%	41,600	8.90	11,900
Total NGM, Nevada^(17)(27)			32,100	5.24	5,410	193,700	2.12	13,180	225,800	2.56	18,590	84	%	200,300	3.00	19,340
TOTAL NEVADA			32,100	5.24	5,410	193,700	2.12	13,180	225,800	2.56	18,590	84	%	200,300	3.00	19,340
TOTAL NEWMONT			596,700	1.25	24,050	2,160,400	1.04	72,100	2,757,100	1.09	96,140	83	%	2,717,800	1.06	92,840

(1)		Gold reserves, at sites in which Newmont is the operator for 2022 and 2021 were estimated at a gold price of $1,400 and 1,200 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 10,000.
(4)		Cut-off grades utilized in 2022 reserves were as follows: leach material not less than 0.10 gram per tonne.
(5)		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.
(6)		Cut-off grade utilized in 2022 reserves not less than 3.10 gram per tonne.
(7)		Cut-off grade utilized in 2022 reserves not less than 5.00 gram per tonne.
(8)		Cut-off grade utilized in 2022 reserves not less than 0.51 gram per tonne.
(9)		Cut-off grade utilized in 2022 reserves not less than 4.00 gram per tonne.
(10)		Gold cut-off grade varies with level of silver, lead and zinc credits.
(11)		Gold cut-off grades utilized in 2022 reserves were as follows: oxide leach material not less than 0.12 gram per tonne and refractory mill material not less than 1.26 gram per tonne.
(12)		Gold cut-off grades utilized in 2022 were as follows: oxide mill material not less than 2.63 gram per tonne and refractory mill material varies with level of copper and silver credits.
(13)		In 2022, the Company increased its ownership interest in Yanacocha to 100% by acquiring Buenaventura’s 43.65% noncontrolling interest and Sumitomo's 5% noncontrolling interest. Refer to Note 1 to Newmont's Consolidated Financial Statements for further information.
(14)		Cut-off grade utilized in 2022 reserves not less than 0.31 gram per tonne.
(15)		Cut-off grade utilized in 2022 reserves not less than 4.30 gram per tonne.
(16)		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.
(17)		Amounts presented herein have been rounded to the nearest 10,000 for ounces and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.
(18)		The Pueblo Viejo mine, which is 40% owned by Newmont, is accounted for as an equity method investment. Reserve estimates provided by Barrick, the operator of Pueblo Viejo.
(19)		Project is currently undeveloped. Reserve estimates provided by the NuevaUnión joint venture.
(20)		Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture.
(21)		Gold cut-off grade varies with level of copper credits.
(22)		Cut-off grade utilized in 2022 reserves not less than 2.30 gram per tonne.
(23)		Cut-off grade utilized in 2022 reserves not less than 0.60 gram per tonne.
(24)		Cut-off grade utilized in 2022 reserves not less than 1.60 gram per tonne.
(25)		Cut-off grade utilized in 2022 reserves not less than 0.56 gram per tonne.
(26)		Cut-off grade utilized in 2022 reserves not less than 0.52 gram per tonne.
(27)		Reserve estimates provided by Barrick, the operator of the NGM joint venture.
(28)		Currently included in Corporate and Other in Note 3 of Newmont's Consolidated Financial Statements.

Gold Resources ⁽¹⁾⁽²⁾ - December 31, 2022
			Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Metallurgical Recovery ⁽³⁾
North America
CC&V,Colorado	100	%	79,700	0.38	980	42,300	0.32	440	122,000	0.36	1,420	32,200	0.34	350	59	%
Musselwhite, Canada	100	%	1,300	3.92	170	2,600	3.93	330	3,900	3.93	490	3,000	4.15	410	95	%
Porcupine Underground	100	%	300	6.69	70	1,000	8.64	270	1,300	8.15	340	1,800	8.08	480	92	%
Porcupine Open Pit	100	%	200	0.51	—	73,000	1.53	3,600	73,200	1.53	3,600	66,000	1.36	2,890	91	%
Total Porcupine, Canada			500	4.36	70	73,900	1.63	3,860	74,500	1.64	3,940	67,900	1.54	3,370	91	%
Éléonore, Canada	100	%	400	5.05	70	2,100	5.10	350	2,500	5.09	420	2,600	5.45	460	92	%
Peñasquito, Mexico	100	%	47,400	0.25	390	263,500	0.26	2,190	311,000	0.26	2,570	84,700	0.41	1,110	69	%
Noche Buena, Mexico	50	%	—	—	—	19,900	0.37	240	19,900	0.37	240	1,600	0.21	10	50	%
Coffee, Canada	100	%	—	—	—	53,900	1.23	2,140	53,900	1.23	2,140	7,200	1.01	230	80	%
Galore Creek, Canada ⁽⁴⁾	50	%	212,800	0.29	2,010	385,600	0.22	2,710	598,400	0.25	4,720	118,900	0.19	720	75	%
TOTAL NORTH AMERICA			342,300	0.34	3,700	843,900	0.45	12,230	1,186,200	0.42	15,930	318,100	0.65	6,650	79	%
South America
Conga, Peru ⁽¹⁰⁾	100	%	—	—	—	693,800	0.65	14,590	693,800	0.65	14,590	230,500	0.39	2,880	75	%
Yanacocha Open Pit	100	%	13,500	0.38	170	114,900	0.42	1,570	128,400	0.42	1,730	189,700	0.79	4,830	66	%
Yanacocha Underground	100	%	500	4.07	70	6,200	4.70	940	6,700	4.65	1,010	3,400	4.99	550	97	%
Total Yanacocha, Peru ⁽¹⁰⁾			14,100	0.52	240	121,100	0.64	2,510	135,100	0.63	2,740	193,100	0.87	5,380	72	%
Merian, Suriname	75	%	5,600	0.99	180	35,300	1.26	1,430	40,900	1.22	1,610	37,000	0.86	1,020	89	%
Cerro Negro Underground	100	%	200	6.11	30	1,500	7.33	360	1,700	7.22	390	5,700	6.19	1,140	95	%
Cerro Negro Open Pit	100	%	1,200	3.28	130	1,200	3.15	120	2,400	3.22	250	300	2.46	20	90	%
Total Cerro Negro, Argentina	100	%	1,400	3.60	160	2,700	5.49	480	4,100	4.86	630	6,000	6.00	1,160	94	%
Pueblo Viejo, Dominican Republic ^(5)(11)	40	%	7,300	1.43	340	33,200	1.51	1,610	40,600	1.49	1,950	3,000	1.77	170	88	%
NuevaUnión, Chile ⁽⁶⁾	50	%	4,800	0.47	70	118,300	0.59	2,260	123,100	0.59	2,330	239,800	0.40	3,050	68	%
Norte Abierto, Chile ⁽⁷⁾	50	%	77,200	0.61	1,510	596,900	0.49	9,320	674,200	0.50	10,820	369,600	0.37	4,360	76	%
TOTAL SOUTH AMERICA			110,400	0.70	2,490	1,601,400	0.63	32,180	1,711,700	0.63	34,670	1,079,200	0.52	18,030	76	%
Australia
Boddington, Western Australia	100	%	92,800	0.55	1,630	167,400	0.54	2,900	260,200	0.54	4,530	2,800	0.51	50	83	%
Tanami Open Pit	100	%	9,400	1.67	500	23,800	1.47	1,120	33,200	1.53	1,630	4,200	1.13	150	90	%
Tanami Underground	100	%	1,700	3.26	180	5,400	4.29	750	7,100	4.04	920	8,800	5.19	1,460	97	%
Total Tanami, Northern Territory	100	%	11,000	1.91	680	29,200	1.99	1,870	40,200	1.97	2,550	13,000	3.88	1,620	94	%
TOTAL AUSTRALIA			103,800	0.69	2,310	196,600	0.76	4,770	300,400	0.73	7,080	15,800	3.28	1,660	88	%
Africa
Ahafo South	100	%	200	0.56	—	20,000	1.09	700	20,200	1.09	710	10,200	1.29	420	86	%
Ahafo Underground	100	%	—	—	—	24,700	3.53	2,810	24,700	3.53	2,810	11,000	3.44	1,220	92	%
Total Ahafo South, Ghana			200	0.56	—	44,700	2.44	3,510	44,900	2.43	3,510	21,200	2.41	1,640	91	%
Ahafo North Open Pits, Ghana	100	%	2,900	1.28	120	12,700	1.94	790	15,700	1.81	910	10,000	1.50	490	92	%
Akyem Open Pits	100	%	1,000	0.70	20	700	0.67	20	1,700	0.69	40	1,800	1.18	70	92	%
Akyem Underground	100	%	—	—	—	8,300	3.92	1,050	8,300	3.92	1,050	5,300	3.27	560	92	%
Total Akyem, Ghana			1,000	0.70	20	9,000	3.68	1,060	10,000	3.38	1,090	7,100	2.74	620	92	%
TOTAL AFRICA			4,100	1.10	150	66,400	2.51	5,360	70,500	2.43	5,510	38,300	2.23	2,750	91	%
Nevada
NGM Open Pits and Stockpiles	38.5	%	23,200	1.89	1,410	175,200	0.99	5,600	198,400	1.10	7,000	129,900	0.69	2,880	73	%
NGM Underground	38.5	%	9,800	6.48	2,040	16,600	5.84	3,110	26,400	6.08	5,150	19,500	6.63	4,150	86	%
Total NGM, Nevada ⁽⁹⁾			33,000	3.25	3,450	191,700	1.41	8,700	224,800	1.68	12,160	149,300	1.47	7,040	79	%
TOTAL NEVADA			33,000	3.25	3,450	191,700	1.41	8,700	224,800	1.68	12,160	149,300	1.47	7,040	79	%
TOTAL NEWMONT			593,600	0.63	12,080	2,900,000	0.68	63,250	3,493,600	0.67	75,330	1,600,700	0.70	36,130	79	%

Gold Resources ⁽¹⁾⁽²⁾ - December 31, 2021
			Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Metallurgical Recovery ⁽³⁾
North America
CC&V,Colorado	100	%	54,000	0.41	700	24,100	0.38	300	78,100	0.40	1,000	12,700	0.39	160	62	%
Musselwhite, Canada	100	%	1,400	3.58	160	2,300	3.55	270	3,700	3.56	430	3,200	4.22	440	96	%
Porcupine Underground	100	%	300	5.25	50	900	6.12	180	1,200	5.92	230	1,100	6.43	220	92	%
Porcupine Open Pit	100	%	500	0.49	10	83,200	1.40	3,750	83,700	1.40	3,760	77,000	1.24	3,070	92	%
Total Porcupine, Canada			800	2.33	60	84,100	1.45	3,930	84,900	1.46	3,990	78,100	1.31	3,290	92	%
Éléonore, Canada	100	%	300	5.72	50	1,700	4.73	260	2,000	4.86	310	3,800	5.28	650	91	%
Peñasquito, Mexico⁽¹¹⁾	100	%	31,400	0.27	280	176,600	0.27	1,500	208,000	0.27	1,780	89,800	0.40	1,160	69	%
Noche Buena, Mexico	50	%	—	—	—	21,000	0.37	250	21,000	0.37	250	1,600	0.21	10	50	%
Coffee, Canada	100	%	1,000	—	60	54,500	1.19	2,080	55,500	1.20	2,140	6,800	1.07	230	80	%
Galore Creek, Canada ⁽⁴⁾	50	%	128,400	0.36	1,500	423,400	0.23	3,130	551,800	0.26	4,630	99,100	0.21	670	73	%
TOTAL NORTH AMERICA			217,300	0.40	2,810	787,700	0.46	11,720	1,005,000	0.45	14,530	295,100	0.70	6,610	79	%
South America
Conga, Peru	51.35	%	—	—	—	356,300	0.65	7,490	356,300	0.65	7,490	118,400	0.39	1,480	75	%
Yanacocha Open Pit	51.35	%	5,500	0.42	70	52,400	0.46	770	57,900	0.46	840	96,700	0.80	2,470	66	%
Yanacocha Underground	51.35	%	—	6.29	10	1,800	6.28	370	1,800	6.28	380	1,900	4.93	300	97	%
Total Yanacocha, Peru			5,500	0.45	80	54,200	0.65	1,140	59,700	0.64	1,220	98,600	0.87	2,770	70	%
Merian, Suriname	75	%	4,500	0.94	140	32,600	1.14	1,200	37,100	1.12	1,340	28,500	1.01	920	88	%
Cerro Negro Underground	100	%	100	5.48	20	1,300	7.38	300	1,400	7.25	320	7,500	6.85	1,650	93	%
Cerro Negro Open Pit	100	%	900	4.40	120	1,000	4.09	130	1,900	4.24	250	100	3.49	10	90	%
Total Cerro Negro, Argentina	100	%	1,000	4.51	140	2,300	5.96	430	3,300	5.52	570	7,600	6.82	1,660	93	%
Pueblo Viejo, Dominican Republic ⁽⁵⁾	40	%	37,300	2.01	2,410	57,100	1.89	3,470	94,400	1.94	5,880	25,400	1.72	1,410	89	%
NuevaUnión, Chile ⁽⁶⁾	50	%	4,800	0.47	70	118,300	0.59	2,260	123,100	0.59	2,330	239,800	0.40	3,050	68	%
Norte Abierto, Chile ⁽⁷⁾	50	%	77,200	0.61	1,510	596,900	0.49	9,320	674,100	0.50	10,830	369,600	0.37	4,360	76	%
Agua Rica, Argentina ⁽⁸⁾	18.75	%	141,900	0.25	1,150	137,400	0.15	650	279,300	0.20	1,800	139,900	0.09	410	35	%
TOTAL SOUTH AMERICA			272,200	0.63	5,500	1,355,100	0.60	25,960	1,627,300	0.60	31,460	1,027,800	0.49	16,060	73	%
Australia
Boddington, Western Australia ⁽¹¹⁾	100	%	96,200	0.53	1,640	180,500	0.54	3,110	276,700	0.53	4,750	3,300	0.50	50	84	%
Tanami Open Pit	100	%	10,200	1.88	620	16,600	1.69	900	26,800	1.76	1,520	2,900	1.62	150	90	%
Tanami Underground	100	%	1,400	3.11	140	4,900	4.25	660	6,300	4.00	800	9,600	5.39	1,670	97	%
Total Tanami, Northern Territory	100	%	11,600	2.03	760	21,500	2.27	1,560	33,100	2.18	2,320	12,500	4.53	1,820	97	%
TOTAL AUSTRALIA			107,800	0.69	2,400	202,000	0.72	4,670	309,800	0.71	7,070	15,800	3.68	1,870	89	%
Africa
Ahafo South	100	%	500	0.56	10	30,000	1.16	1,120	30,500	1.15	1,130	13,500	1.33	570	93	%
Ahafo Underground	100	%	—	—	—	16,600	3.99	2,120	16,600	3.99	2,120	10,800	3.34	1,160	90	%
Total Ahafo South, Ghana ⁽¹¹⁾			500	0.56	10	46,600	2.16	3,240	47,100	2.15	3,250	24,300	2.21	1,730	91	%
Ahafo North Open Pits, Ghana	100	%	2,800	1.21	100	10,400	1.90	630	13,200	1.76	730	9,800	1.60	500	92	%
Akyem Open Pits	100	%	900	0.57	20	1,100	0.67	20	2,000	0.62	40	1,300	1.43	60	91	%
Akyem Underground	100	%	—	—	—	6,800	3.69	810	6,800	3.69	810	5,400	2.97	520	93	%
Total Akyem, Ghana			900	0.57	20	7,900	3.27	830	8,800	3.00	850	6,700	2.69	580	92	%
TOTAL AFRICA			4,200	1.01	130	64,900	2.26	4,700	69,100	2.18	4,830	40,800	2.15	2,810	91	%
Nevada
NGM Open Pits and Stockpiles	38.5	%	18,300	1.89	1,110	181,100	0.90	5,230	199,400	0.99	6,340	101,100	0.82	2,670	67	%
NGM Underground	38.5	%	8,500	5.89	1,610	11,900	6.35	2,430	20,400	6.16	4,040	15,300	6.48	3,180	86	%
Total NGM, Nevada ^(9)(11)			26,800	3.17	2,720	193,000	1.23	7,660	219,800	1.47	10,380	116,400	1.56	5,850	76	%
TOTAL NEVADA			26,800	3.17	2,720	193,000	1.23	7,660	219,800	1.47	10,380	116,400	1.56	5,850	76	%
TOTAL NEWMONT			628,300	0.67	13,560	2,602,700	0.65	54,710	3,231,000	0.66	68,270	1,495,900	0.69	33,200	76	%

(1)		Resources are reported exclusive of reserves. Amounts presented may not recalculate in total due to rounding.
(2)		Resources, at sites in which Newmont is the operator, are estimated at a gold price of $1,600 and $1,400 per ounce for 2022 and 2021, respectively. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000. Ounces may not recalculate as they have been rounded to the nearest 10,000.
(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 10,000.
(4)		Project is currently undeveloped. Resource estimates provided by Teck Resources, the Galore Creek joint venture partner.
(5)		Resource estimates provided by Barrick, the operator of Pueblo Viejo.
(6)		Project is currently undeveloped. Resource estimates provided by the NuevaUnión joint venture.
(7)		Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture.
(8)		Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Agua Rica joint venture. In November 2022, the Company sold its 18.75% ownership in Agua Rica. Refer to Note 8 to Newmont's Consolidated Financial Statements for further information.
(9)		Resource estimates provided by Barrick, the operator of the NGM joint venture
(10)		In 2022, the Company increased its ownership interest in Yanacocha to 100% by acquiring Buenaventura’s 43.65% noncontrolling interest and Sumitomo's 5% noncontrolling interest. Refer to Note 1 to Newmont's Consolidated Financial Statements for further information.
(11)		Amounts presented herein have been rounded to the nearest 10,000 for ounces and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

Copper Reserves ⁽¹⁾
December 31, 2022																	December 31, 2021
			Proven Reserves				Probable Reserves				Proven and Probable Reserves						Proven and Probable Reserves
Deposits/Districts	Newmont Share		Tonnage⁽²⁾ (000 tonnes)	Grade (Cu %)		Pounds⁽³⁾ (millions)	Tonnage⁽²⁾ (000 tonnes)	Grade (Cu %)		Pounds⁽³⁾ (millions)	Tonnage⁽²⁾ (000 tonnes)	Grade (Cu %)		Pounds⁽³⁾ (millions)	Metallurgical Recovery⁽³⁾		Tonnage⁽²⁾ (000 tonnes)	Grade (Cu %)		Pounds⁽³⁾ (millions)
South America
Yanacocha Open Pits and Underground, Peru ^(4)(11)	100	%	—	—	%	—	111,100	0.63	%	1,530	111,100	0.63	%	1,530	83	%	57,700	0.61	%	780
NuevaUnión, Chile ⁽⁵⁾⁽⁶⁾	50	%	—	—	%	—	1,118,000	0.40	%	9,800	1,118,000	0.40	%	9,800	88	%	1,118,000	0.40	%	9,800
Norte Abierto, Chile ⁽⁶⁾⁽⁷⁾	50	%	—	—	%	—	598,800	0.22	%	2,890	598,800	0.22	%	2,890	87	%	598,800	0.22	%	2,890
TOTAL SOUTH AMERICA			—	—	%	—	1,827,900	0.35	%	14,220	1,827,900	0.35	%	14,220	87	%	1,774,500	0.34	%	13,470
Australia
Boddington Open Pit, Western Australia ^(8)(12)	100	%	237,400	0.10	%	510	209,300	0.11	%	500	446,700	0.10	%	1,010	82	%	476,500	0.11	%	1,130
Boddington Stockpiles, Western Australia ^(9)(12)	100	%	2,000	0.13	%	10	76,200	0.09	%	150	78,300	0.09	%	150	74	%	81,700	0.09	%	160
TOTAL AUSTRALIA			239,400	0.10	%	520	285,500	0.10	%	640	524,900	0.10	%	1,160	81	%	558,200	0.11	%	1,290
Nevada
NGM, Nevada ^(10)(12)	38.5	%	7,000	0.16	%	30	81,700	0.16	%	300	88,700	0.16	%	320	65	%	87,100	0.17	%	330
TOTAL NEVADA			7,000	0.16	%	30	81,700	0.16	%	300	88,700	0.16	%	320	65	%	87,100	0.17	%	330
TOTAL NEWMONT			246,400	0.10	%	540	2,195,200	0.31	%	15,160	2,441,500	0.29	%	15,710	86	%	2,419,800	0.28	%	15,090

(1)		Copper reserves, at sites in which Newmont is the operator, for 2022 and 2021 were estimated at a copper price of $3.50 and $2.75 per pound, respectively. 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)		Pounds 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. Pounds may not recalculate as they are rounded to the nearest 10 million.
(4)		Reserve estimates relate to the undeveloped Yanacocha Sulfides project. Copper cut-off grade varies with level of gold and silver credits.
(5)		Project is currently undeveloped. Reserve estimates provided by the NuevaUnión joint venture.
(6)		Currently included in Corporate and Other in Note 3 of Newmont's Consolidated Financial Statements.
(7)		Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture.
(8)		Copper cut-off grade varies with level of gold credits.
(9)		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.
(10)		Reserve estimates provided by Barrick, the operator of the NGM joint venture.
(11)		In 2022, the Company increased its ownership interest in Yanacocha to 100% by acquiring Buenaventura’s 43.65% noncontrolling interest and Sumitomo's 5% noncontrolling interest. Refer to Note 1 to Newmont's Consolidated Financial Statements for further information.
(12)		Amounts presented herein have been rounded to the nearest 10 million for pounds and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

Copper Resources ⁽¹⁾⁽²⁾ - December 31, 2022
			Measured Resource				Indicated Resource				Measured and Indicated Resource				Inferred Resource
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (Cu%)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Cu%)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Cu%)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Cu%)		Pounds (millions)	Metallurgical Recovery ⁽³⁾
North America
Galore Creek, Canada ⁽⁴⁾	50	%	212,800	0.44	%	2,060	385,600	0.47	%	4,020	598,400	0.46	%	6,080	118,900	0.26	%	690	93	%
TOTAL NORTH AMERICA			212,800	0.44	%	2,060	385,600	0.47	%	4,020	598,400	0.46	%	6,080	118,900	0.26	%	690	93	%
South America
Conga, Peru ⁽⁹⁾	100	%	—	—	%	—	693,800	0.26	%	3,970	693,800	0.26	%	3,970	230,500	0.19	%	950	84	%
Yanacocha Open Pits	100	%	—	—	%	—	94,600	0.39	%	810	94,600	0.39	%	810	36,400	0.39	%	310	81	%
Yanacocha Underground	100	%	500	0.18	%	—	6,200	0.12	%	20	6,700	0.12	%	20	3,400	0.13	%	10	97	%
Total Yanacocha, Peru ⁽⁹⁾			500	0.18	%	—	100,800	0.37	%	830	101,300	0.37	%	830	39,700	0.37	%	320	81	%
NuevaUnión, Chile ⁽⁵⁾	50	%	164,300	0.19	%	700	349,900	0.34	%	2,650	514,100	0.30	%	3,360	602,200	0.39	%	5,170	89	%
Norte Abierto, Chile ⁽⁶⁾	50	%	57,600	0.24	%	310	551,300	0.19	%	2,340	608,900	0.20	%	2,640	361,800	0.18	%	1,450	90	%
TOTAL SOUTH AMERICA			222,400	0.21	%	1,010	1,695,700	0.26	%	9,790	1,918,100	0.26	%	10,800	1,234,200	0.29	%	7,890	87	%
Australia
Boddington, Western Australia	100	%	92,800	0.11	%	230	167,400	0.11	%	420	260,200	0.11	%	650	2,800	0.08	%	10	82	%
TOTAL AUSTRALIA			92,800	0.11	%	230	167,400	0.11	%	420	260,200	0.11	%	650	2,800	0.08	%	10	82	%
Nevada
NGM, Nevada ⁽⁸⁾	38.5	%	2,600	0.14	%	10	116,900	0.14	%	350	119,500	0.14	%	360	19,900	0.13	%	60	65	%
TOTAL NEVADA			2,600	0.14	%	10	116,900	0.14	%	350	119,500	0.14	%	360	19,900	0.13	%	60	65	%
TOTAL NEWMONT			530,600	0.28	%	3,310	2,365,500	0.28	%	14,580	2,896,100	0.28	%	17,890	1,375,800	0.28	%	8,640	88	%

Copper Resources at December 31, 2021⁽¹⁾⁽²⁾
			Measured Resources				Indicated Resources				Measured and Indicated Resources				Inferred Resources
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (Cu%)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Cu%)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Cu%)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Cu%)		Pounds (millions)	Metallurgical Recovery⁽³⁾
North America
Galore Creek, Canada⁽⁴⁾	50	%	128,400	0.72	%	2,030	423,400	0.39	%	3,630	551,800	0.47	%	5,660	99,100	0.27	%	600	91	%
TOTAL NORTH AMERICA			128,400	0.72	%	2,030	423,400	0.39	%	3,630	551,800	0.47	%	5,660	99,100	0.27	%	600	91	%
South America
Conga, Peru	51.35	%	—	—	%	—	356,300	0.26	%	2,040	356,300	0.26	%	2,040	118,400	0.19	%	490	84	%
Yanacocha Open Pits	51.35	%	—	—	%	—	48,600	0.39	%	420	48,600	0.39	%	420	18,700	0.39	%	160	80	%
Yanacocha Underground	51.35	%	—	—	%	—	1,800	0.09	%	—	1,800	0.09	%	—	1,900	0.13	%	10	96	%
Total Yanacocha, Peru			—	—	%	—	50,400	0.38	%	420	50,400	0.38	%	420	20,600	0.37	%	170	81	%
NuevaUnión, Chile⁽⁵⁾	50	%	164,300	0.19	%	700	349,900	0.34	%	2,650	514,200	0.30	%	3,350	602,100	0.39	%	5,150	89	%
Norte Abierto, Chile⁽⁶⁾	50	%	57,600	0.24	%	310	551,200	0.19	%	2,340	608,800	0.20	%	2,650	361,700	0.18	%	1,450	90	%
Agua Rica, Argentina⁽⁷⁾	18.75	%	141,900	0.51	%	1,580	137,400	0.36	%	1,100	279,300	0.43	%	2,680	139,900	0.23	%	710	86	%
TOTAL SOUTH AMERICA			363,800	0.32	%	2,590	1,445,200	0.27	%	8,550	1,809,000	0.28	%	11,140	1,242,700	0.29	%	7,970	87	%
Australia
Boddington, Western Australia⁽¹⁰⁾	100	%	96,200	0.11	%	220	180,500	0.11	%	450	276,700	0.11	%	670	3,300	0.09	%	10	82	%
TOTAL AUSTRALIA			96,200	0.11	%	220	180,500	0.11	%	450	276,700	0.11	%	670	3,300	0.09	%	10	82	%
Nevada
NGM, Nevada^(8)(10)	38.5	%	3,100	0.14	%	10	111,500	0.14	%	340	114,600	0.14	%	350	19,900	0.13	%	60	66	%
TOTAL NEVADA			3,100	0.14	%	10	111,500	0.14	%	340	114,600	0.14	%	350	19,900	0.13	%	60	66	%
TOTAL NEWMONT			591,500	0.37	%	4,850	2,160,600	0.27	%	12,970	2,752,100	0.29	%	17,820	1,365,000	0.29	%	8,640	88	%

(1)		Resources are reported exclusive of reserves. Amounts presented may not recalculate in total due to rounding.
(2)		Resources, at sites in which Newmont is the operator, are estimated at a copper price of $4.00 and $3.25 per pound for 2022 and 2021, respectively. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000.
(3)		Pounds 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. Pounds may not recalculate as they are rounded to the nearest 10 million.
(4)		Project is currently undeveloped. Resource estimates provided by Teck Resources.
(5)		Project is currently undeveloped. Resource estimates provided by the NuevaUnión joint venture.
(6)		Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture.
(7)		Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Agua Rica joint venture. In November 2022, the Company sold its 18.75% ownership in Agua Rica. Refer to Note 8 of Newmont's Consolidated Financial Statements for further information.
(8)		Resource estimates provided by Barrick, the operator of the NGM joint venture
(9)		In 2022, the Company increased its ownership interest in Yanacocha to 100% by acquiring Buenaventura’s 43.65% noncontrolling interest and Sumitomo's 5% noncontrolling interest. Refer to Note 1 to Newmont's Consolidated Financial Statements for further information.
(10)		Amounts presented herein have been rounded to the nearest 10 million for pounds and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

Silver Reserves ⁽¹⁾
December 31, 2022														December 31, 2021
			Proven Reserves			Probable Reserves			Proven and Probable Reserves					Proven and Probable Reserves
Deposits/Districts	Newmont Share		Tonnage⁽²⁾ (000 tonnes)	Grade (g/tonne)	Ounces⁽³⁾ (000)	Tonnage⁽²⁾ (000 tonnes)	Grade (g/tonne)	Ounces⁽³⁾ (000)	Tonnage⁽²⁾ (000 tonnes)	Grade (g/tonne)	Ounces⁽³⁾ (000)	Metallurgical Recovery ⁽³⁾		Tonnage⁽²⁾ (000 tonnes)	Grade (g/tonne)	Ounces⁽³⁾ (000)
North America
Peñasquito Open Pits, Mexico ^(4)(15)	100	%	103,900	38.00	126,990	184,500	33.04	196,020	288,500	34.82	323,000	86	%	326,300	34.73	364,410
Peñasquito Stockpiles, Mexico ^(5)(15)	100	%	500	37.88	660	27,500	25.33	22,390	28,000	25.57	23,050	86	%	35,700	25.67	29,480
TOTAL NORTH AMERICA			104,500	38.00	127,640	212,000	32.04	218,410	316,500	34.00	346,050	86	%	362,000	33.84	393,890
South America
Yanacocha Open Pits and Underground, Peru ⁽⁶⁾	100	%	—	—	—	93,400	19.90	59,760	93,400	19.90	59,760	54	%	50,100	18.80	30,280
Yanacocha Stockpiles and Leach Pads, Peru ⁽⁵⁾⁽⁷⁾	100	%	2,800	31.48	2,820	93,600	—	24,190	96,400	8.71	27,010	13	%	48,700	8.85	13,850
Total Yanacocha, Peru ⁽¹⁴⁾			2,800	31.48	2,820	187,000	13.96	83,950	189,800	14.22	86,770	41	%	98,800	13.85	44,130
Cerro Negro, Argentina ⁽⁸⁾	100	%	1,600	74.72	3,940	7,800	62.31	15,550	9,400	64.47	19,490	75	%	8,900	57.51	16,550
Pueblo Viejo, Dominican Republic, Open Pits⁽⁹⁾	40	%	23,500	12.94	9,780	55,000	12.84	22,680	78,500	12.87	32,460	65	%	13,200	11.65	4,950
Pueblo Viejo, Dominican Republic, Stockpiles⁽⁵⁾⁽⁹⁾	40	%	—	—	—	38,200	15.10	18,520	38,200	15.10	18,520	65	%	37,400	15.49	18,630
Total Pueblo Viejo, Dominican Republic⁽¹⁵⁾			23,500	12.94	9,780	93,100	13.76	41,200	116,600	13.60	50,980	65	%	50,600	14.49	23,580
NuevaUnión, Chile ^(10)(11)	50	%	—	—	—	1,118,000	1.31	47,170	1,118,000	1.31	47,170	66	%	1,118,000	1.31	47,170
Norte Abierto, Chile ^(11)(12)	50	%	—	—	—	598,800	1.52	29,340	598,800	1.52	29,340	74	%	598,800	1.52	29,340
TOTAL SOUTH AMERICA			27,900	18.41	16,540	2,004,700	3.37	217,210	2,032,600	3.58	233,750	58	%	1,875,100	2.67	160,770
Nevada
NGM, Nevada ^(13)(15)	38.5	%	5,300	7.46	1,280	60,100	6.24	12,060	65,500	6.34	13,340	38	%	65,200	6.43	13,480
TOTAL NEVADA			5,300	7.46	1,280	60,100	6.24	12,060	65,500	6.34	13,340	38	%	65,200	6.43	13,480
TOTAL NEWMONT			137,800	32.84	145,460	2,276,900	6.12	447,680	2,414,600	7.64	593,140	74	%	2,302,300	7.68	568,140

(1)		Silver reserves, at sites in which Newmont is the operator, for 2022 and 2021 were estimated at a silver price of $20 per ounce. 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 10,000.
(4)		Silver cut-off grade varies with gold, lead and zinc credits.
(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)		Silver cut-off grade varies with gold and copper credits.
(7)		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.
(8)		Silver cut-off grade varies with gold credits.
(9)		The Pueblo Viejo mine, which is 40% owned by Newmont, is accounted for as an equity method investment. Reserve estimates provided by Barrick, the operator of Pueblo Viejo.
(10)		Project is currently undeveloped. Reserve estimates provided by the NuevaUnión joint venture.
(11)		Currently included in Corporate and Other in Note 3 of Newmont's Consolidated Financial Statements.
(12)		Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture.
(13)		Reserve estimates provided by Barrick, the operator of the NGM joint venture.
(14)		In 2022, the Company increased its ownership interest in Yanacocha to 100% by acquiring Buenaventura’s 43.65% noncontrolling interest and Sumitomo's 5% noncontrolling interest. Refer to Note 1 to Newmont's Consolidated Financial Statements for further information.
(15)		Amounts presented herein have been rounded to the nearest 10,000 for ounces and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

Silver Resources ⁽¹⁾⁽²⁾ - December 31, 2022
			Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Metallurgical Recovery ⁽³⁾
North America
Peñasquito, Mexico	100	%	47,400	23.94	36,510	263,500	23.99	203,240	311,000	23.98	239,740	84,700	27.24	74,220	86	%
Noche Buena, Mexico	50	%	—	—	—	19,900	13.99	8,970	19,900	13.99	8,970	1,600	10.98	550	25	%
Galore Creek, Canada ⁽⁴⁾	50	%	212,800	4.08	27,950	385,600	4.77	59,100	598,400	4.52	87,040	118,900	2.60	9,940	73	%
TOTAL NORTH AMERICA			260,300	7.70	64,460	669,100	12.61	271,300	929,300	11.24	335,750	205,200	12.84	84,700	82	%
South America
Conga, Peru ⁽¹⁰⁾	100	%	—	0.00	—	693,800	2.06	45,910	693,800	2.06	45,910	175,000	1.13	6,330	70	%
Yanacocha Open Pits	100	%	12,500	3.30	1,330	108,100	11.11	38,610	120,600	10.30	39,930	29,600	12.52	11,920	41	%
Yanacocha Underground	100	%	500	0.37	10	6,200	37.02	7,350	6,700	34.23	7,350	3,400	40.45	4,390	83	%
Total Yanacocha, Peru ⁽¹⁰⁾			13,000	3.19	1,330	114,200	12.51	45,950	127,200	11.56	47,290	33,000	15.38	16,310	49	%
Cerro Negro Underground	100	%	200	42.43	210	1,500	51.31	2,490	1,700	50.51	2,690	5,700	35.10	6,450	76	%
Cerro Negro Open Pit	100	%	1,200	6.77	260	1,200	6.63	250	2,400	6.70	520	300	6.68	70	60	%
Total Cerro Negro, Argentina			1,400	10.72	470	2,700	31.64	2,740	4,100	24.64	3,210	6,000	33.66	6,520	75	%
Pueblo Viejo, Dominican Republic ^(5)(11)	40	%	7,300	7.68	1,810	33,200	8.28	8,840	40,600	8.17	10,650	3,000	10.49	1,030	74	%
NuevaUnión, Chile ⁽⁶⁾	50	%	164,300	0.96	5,080	349,900	1.19	13,370	514,100	1.12	18,440	602,200	1.16	22,530	66	%
Norte Abierto, Chile ⁽⁷⁾	50	%	77,200	1.20	2,990	596,900	1.07	20,550	674,200	1.09	23,540	369,600	0.95	11,340	78	%
TOTAL SOUTH AMERICA			263,200	1.38	11,680	1,790,700	2.39	137,370	2,053,900	2.26	149,050	1,188,900	1.68	64,060	64	%
Nevada
NGM, Nevada ⁽⁹⁾	38.5	%	2,400	5.33	410	81,700	5.46	14,340	84,100	5.46	14,760	18,700	5.57	3,350	38	%
TOTAL NEVADA			2,400	5.33	410	81,700	5.46	14,340	84,100	5.46	14,760	18,700	5.57	3,350	38	%
TOTAL NEWMONT			525,900	4.53	76,550	2,541,500	5.18	423,010	3,067,400	5.07	499,560	1,412,800	3.35	152,120	75	%

Silver Resources ⁽¹⁾⁽²⁾ - December 31, 2021
			Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Metallurgical Recovery ⁽³⁾
North America
Peñasquito, Mexico⁽¹¹⁾	100	%	31,400	25.71	25,990	176,600	26.36	149,620	208,000	26.26	175,610	89,800	28.00	80,840	87	%
Noche Buena, Mexico	50	%	—	—	—	21,000	13.94	9,400	21,000	13.94	9,400	1,600	11.08	570	25	%
Galore Creek, Canada ⁽⁴⁾	50	%	128,400	5.79	23,900	423,400	3.75	51,030	551,800	4.22	74,930	99,100	2.65	8,440	64	%
TOTAL NORTH AMERICA			159,800	9.71	49,890	621,000	10.52	210,050	780,800	10.35	259,940	190,500	14.67	89,850	75	%
South America
Conga, Peru	51.35	%	—	0.00	—	356,300	2.06	23,580	356,300	2.06	23,580	89,900	1.13	3,250	70	%
Yanacocha Open Pits	51.35	%	4,600	3.31	490	44,600	13.09	18,750	49,200	12.17	19,240	14,400	13.09	6,070	43	%
Yanacocha Underground	51.35	%	—	1.13	—	1,800	64.29	3,760	1,800	62.68	3,760	1,900	37.56	2,260	87	%
Total Yanacocha, Peru			4,600	3.31	490	46,400	15.09	22,510	51,000	14.03	23,000	16,300	15.90	8,330	55	%
Cerro Negro Underground	100	%	100	46.22	140	1,300	57.30	2,360	1,400	56.55	2,500	7,500	39.04	9,400	75	%
Cerro Negro Open Pit	100	%	900	8.53	240	1,000	7.87	250	1,900	8.18	490	100	11.07	20	60	%
Total Cerro Negro, Argentina			1,000	12.15	380	2,300	35.92	2,610	3,300	28.76	2,990	7,600	38.80	9,420	74	%
Pueblo Viejo, Dominican Republic ⁽⁵⁾	40	%	37,300	11.51	13,800	57,100	10.85	19,940	94,400	11.11	33,740	25,400	9.00	7,360	74	%
NuevaUnión, Chile ⁽⁶⁾	50	%	164,300	0.96	5,080	349,800	1.19	13,360	514,100	1.12	18,440	602,100	1.16	22,520	66	%
Norte Abierto, Chile ⁽⁷⁾	50	%	77,200	1.20	2,990	596,900	1.07	20,550	674,100	1.09	23,540	369,600	0.95	11,340	78	%
Agua Rica, Argentina ⁽⁸⁾	18.75	%	120,200	2.90	11,190	135,700	2.41	10,520	255,900	2.64	21,710	139,300	1.62	7,260	43	%
TOTAL SOUTH AMERICA			404,600	2.61	33,930	1,544,500	2.28	113,070	1,949,100	2.35	147,000	1,250,200	1.73	69,480	61	%
Nevada
NGM, Nevada ^(9)(11)	38.5	%	2,900	5.57	520	84,000	5.54	14,960	86,900	5.54	15,480	18,900	5.60	3,410	38	%
TOTAL NEVADA			2,900	5.57	520	84,000	5.54	14,960	86,900	5.54	15,480	18,900	5.60	3,410	38	%
TOTAL NEWMONT			567,300	4.62	84,340	2,249,500	4.68	338,080	2,816,800	4.66	422,420	1,459,600	3.47	162,740	66	%

(1)		Resources are reported exclusive of reserves. Amounts presented may not recalculate in total due to rounding.
(2)		Resources, at sites in which Newmont is the operator, are estimated at a silver price of $23 per ounce for 2022 and 2021. 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 10,000.
(4)		Project is currently undeveloped. Resource estimates provided by Teck Resources.
(5)		Resource estimates provided by Barrick, the operator of the Pueblo Viejo.
(6)		Project is currently undeveloped. Resource estimates provided by the NuevaUnión joint venture.
(7)		Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture.
(8)		Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Agua Rica joint venture. In November 2022, the Company sold its 18.75% ownership in Agua Rica. Refer to Note 8 of Newmont's Consolidated Financial Statements for further information.
(9)		Resource estimates provided by Barrick, the operator of the NGM joint venture.
(10)		In 2022, the Company increased its ownership interest in Yanacocha to 100% by acquiring Buenaventura’s 43.65% noncontrolling interest and Sumitomo's 5% noncontrolling interest. Refer to Note 1 to Newmont's Consolidated Financial Statements for further information.
(11)		Amounts presented herein have been rounded to the nearest 10,000 for ounces and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

Lead Reserves ⁽¹⁾
December 31, 2022																	December 31, 2021
			Proven Reserves				Probable Reserves				Proven and Probable Reserves						Proven and Probable Reserves
Deposits/Districts	Newmont Share		Tonnage⁽²⁾ (000 tonnes)	Grade (Pb %)		Pounds⁽³⁾ (millions)	Tonnage⁽²⁾ (000 tonnes)	Grade (Pb %)		Pounds⁽³⁾ (millions)	Tonnage⁽²⁾ (000 tonnes)	Grade (Pb %)		Pounds⁽³⁾ (millions)	Metallurgical Recovery⁽³⁾		Tonnage⁽²⁾ (000 tonnes)	Grade (Pb %)		Pounds⁽³⁾ (millions)
North America
Peñasquito Open Pits, Mexico ⁽⁴⁾	100	%	103,900	0.36	%	830	184,500	0.31	%	1,270	288,500	0.33	%	2,090	72	%	326,300	0.32	%	2,320
Peñasquito Stockpiles, Mexico ⁽⁵⁾	100	%	500	0.16	%	—	27,500	0.33	%	200	28,000	0.33	%	200	72	%	35,700	0.33	%	260
TOTAL NEWMONT			104,500	0.36	%	830	212,000	0.31	%	1,470	316,500	0.33	%	2,300	72	%	362,000	0.32	%	2,580

(1)		Lead reserves for 2022 and 2021 were estimated at a lead price of $1.00 and $0.90 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)		Pounds 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. Pounds may not recalculate as they are rounded to the nearest 10 million.
(4)		Lead cut-off grade varies with level of gold, silver and zinc credits.
(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.

Lead Resources ⁽¹⁾⁽²⁾ - December 31, 2022
			Measured Resource				Indicated Resource				Measured and Indicated Resource				Inferred Resource
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (Pb %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Pb %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Pb %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Pb %)		Pounds (millions)	Metallurgical Recovery ⁽³⁾
North America
Peñasquito, Mexico	100	%	47,400	0.26	%	270	263,500	0.23	%	1,360	311,000	0.24	%	1,630	84,700	0.23	%	440	72	%
TOTAL NEWMONT			47,400	0.26	%	270	263,500	0.23	%	1,360	311,000	0.24	%	1,630	84,700	0.23	%	440	72	%

Lead Resources ^(1)(2)(4) - December 31, 2021
			Measured Resource				Indicated Resource				Measured and Indicated Resource				Inferred Resource
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (Pb %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Pb %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Pb %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Pb %)		Pounds (millions)	Metallurgical Recovery ⁽³⁾
North America
Peñasquito, Mexico	100	%	31,400	0.29	%	200	176,600	0.26	%	1,020	208,000	0.27	%	1,230	89,800	0.24	%	480	73	%
TOTAL NEWMONT			31,400	0.29	%	200	176,600	0.26	%	1,020	208,000	0.27	%	1,230	89,800	0.24	%	480	73	%

(1)		Resources are reported exclusive of reserves.
(2)		Resources are estimated at a lead price of $1.20 and $1.10 per pound for 2022 and 2021, respectively. Tonnage amounts have been rounded to the nearest 100,000.
(3)		Pounds 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. Pounds may not recalculate as they are rounded to the nearest 10 million.
(4)		Amounts presented herein have been rounded to the nearest 10 million for pounds and 100,000 for tonnes and therefore may not agree to the Technical Report Summary provided under exhibit 96.

Zinc Reserves ⁽¹⁾
December 31, 2022																	December 31, 2021
			Proven Reserves				Probable Reserves				Proven and Probable Reserves						Proven and Probable Reserves
Deposits/Districts	Newmont Share		Tonnage⁽²⁾ (000 tonnes)	Grade (Zn %)		Pounds⁽³⁾ (millions)	Tonnage⁽²⁾ (000 tonnes)	Grade (Zn %)		Pounds⁽³⁾ (millions)	Tonnage⁽²⁾ (000 tonnes)	Grade (Zn %)		Pounds⁽³⁾ (millions)	Metallurgical Recovery⁽³⁾		Tonnage⁽²⁾ (000 tonnes)	Grade (Zn %)		Pounds⁽³⁾ (millions)
North America
Peñasquito Open Pits, Mexico ⁽⁴⁾	100	%	103,900	0.94	%	2,160	184,500	0.76	%	3,080	288,500	0.82	%	5,240	81	%	326,300	0.81	%	5,850
Peñasquito Stockpiles, Mexico ⁽⁵⁾	100	%	500	0.95	%	10	27,500	0.46	%	280	28,000	0.47	%	290	81	%	35,700	0.50	%	400
TOTAL NEWMONT			104,500	0.94	%	2,180	212,000	0.72	%	3,360	316,500	0.79	%	5,540	81	%	362,000	0.78	%	6,250

(1)		Zinc reserves for 2022 and 2021 were estimated at a zinc price of $1.20 and $1.15 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)		Pounds 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. Pounds may not recalculate as they are rounded to the nearest 10 million.
(4)		Zinc cut-off grade varies with level of gold, silver and lead credits.
(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.

Zinc Resources ⁽¹⁾⁽²⁾ - December 31, 2022
			Measured Resource				Indicated Resource				Measured and Indicated Resource				Inferred Resource
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (Zn %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Zn %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Zn %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Zn %)		Pounds (millions)	Metallurgical Recovery ⁽³⁾
North America
Peñasquito, Mexico	100	%	47,400	0.62	%	650	263,500	0.53	%	3,080	311,000	0.54	%	3,740	84,700	0.53	%	1,000	81	%
TOTAL NEWMONT			47,400	0.62	%	650	263,500	0.53	%	3,080	311,000	0.54	%	3,740	84,700	0.53	%	1,000	81	%

Zinc Resources ^(1)(2)(4) - December 31, 2021
			Measured Resource				Indicated Resource				Measured and Indicated Resource				Inferred Resource
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (Zn %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Zn %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Zn %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Zn %)		Pounds (millions)	Metallurgical Recovery ⁽³⁾
North America
Peñasquito, Mexico	100	%	31,400	0.66	%	460	176,600	0.57	%	2,230	208,000	0.59	%	2,690	89,800	0.54	%	1,070	81	%
TOTAL NEWMONT			31,400	0.66	%	460	176,600	0.57	%	2,230	208,000	0.59	%	2,690	89,800	0.54	%	1,070	81	%

(1)		Resources are reported exclusive of reserves.
(2)		Resources are estimated at a zinc price of $1.45 and $1.40 per pound for 2022 and 2021, respectively. Tonnage amounts have been rounded to the nearest 100,000.
(3)		Pounds 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. Pounds may not recalculate as they are rounded to the nearest 10 million.
(4)		Amounts presented herein have been rounded to the nearest 10 million for pounds and 100,000 for tonnes and therefore may not agree to the Technical Report Summary provided under exhibit 96.

Molybdenum Reserves ⁽¹⁾
December 31, 2022																	December 31, 2021
			Proven Reserves				Probable Reserves				Proven and Probable Reserves						Proven and Probable Reserves
Deposits/Districts	Newmont Share		Tonnage⁽²⁾ (000 tonnes)	Grade (Mo %)		Pounds⁽³⁾ (millions)	Tonnage⁽²⁾ (000 tonnes)	Grade (Mo %)		Pounds⁽³⁾ (millions)	Tonnage⁽²⁾ (000 tonnes)	Grade (Mo %)		Pounds⁽³⁾ (millions)	Metallurgical Recovery ⁽³⁾		Tonnage⁽²⁾ (000 tonnes)	Grade (Mo %)		Pounds⁽³⁾ (millions)
South America
NuevaUnión, Chile ⁽⁴⁾	50	%	—	—	%	—	776,900	0.02	%	270	776,900	0.02	%	270	48	%	776,900	0.02	%	270
TOTAL NEWMONT			—	—	%	—	776,900	0.02	%	270	776,900	0.02	%	270	48	%	776,900	0.02	%	270

(1)		Reserves estimates were estimated based on prices set by the NuevaUnión joint venture. The project is currently undeveloped.
(2)		Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to nearest 100,000.
(3)		Pounds 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. Pounds may not recalculate as they are rounded to the nearest 10 million.
(4)		Currently included in Corporate and Other in Note 3 of Newmont's Consolidated Financial Statements.

Molybdenum Resources ⁽¹⁾⁽²⁾ - December 31, 2022
			Measured Resource				Indicated Resource				Measured and Indicated Resource				Inferred Resource
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (Mo %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Mo %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Mo %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Mo %)		Pounds (millions)	Metallurgical Recovery ⁽³⁾
South America
NuevaUnión, Chile ⁽⁴⁾	50	%	159,500	0.01	%	20	231,500	0.01	%	40	391,000	0.01	%	70	362,300	0.01	%	100	52	%
TOTAL NEWMONT			159,500	0.01	%	20	231,500	0.01	%	40	391,000	0.01	%	70	362,300	0.01	%	100	52	%

Molybdenum Resources ⁽¹⁾⁽²⁾ - December 31, 2021
			Measured Resource				Indicated Resource				Measured and Indicated Resource				Inferred Resource
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (Mo %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Mo %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Mo %)		Pounds (millions)	Tonnage (000 tonnes)	Grade (Mo %)		Pounds (millions)	Metallurgical Recovery ⁽³⁾
South America
NuevaUnión, Chile ⁽⁴⁾	50	%	159,500	0.01	%	20	231,500	0.01	%	40	391,000	0.01	%	60	362,300	0.01	%	100	52	%
Agua Rica, Argentina ⁽⁵⁾	18.75	%	141,900	0.03	%	80	137,400	0.03	%	90	279,300	0.03	%	170	139,900	0.03	%	90	44	%
TOTAL NEWMONT			301,400	0.02	%	100	368,900	0.02	%	130	670,300	0.02	%	230	502,200	0.02	%	190	46	%

(1)		Resources are reported exclusive of reserves.
(2)		Resources for NuevaUnión are estimated based on a molybdenum price set by NuevaUnión joint venture. Tonnage amounts have been rounded to the nearest 100,000.
(3)		Pounds 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. Pounds may not recalculate as they are rounded to the nearest 10 million.
(4)		Project is currently undeveloped. Resource estimates provided by NuevaUnión joint venture.
(5)		Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Agua Rica joint venture. In November 2022, the Company sold its 18.75% ownership in Agua Rica. Refer to Note 8 of Newmont's Consolidated Financial Statements for further information.

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 and molybdenum estimated, at December 31, 2022, 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 or molybdenum 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 or molybdenum 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 and molybdenum and interpretations of geologic data obtained from drill holes and other exploration techniques, which data may not necessarily be indicative of future results. If our reserve estimations are required to be revised using significantly lower gold, silver, zinc, copper, lead and molybdenum 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 or molybdenum declines from recent levels, if production costs increase, grades decline, recovery rates decrease or if applicable laws and regulations are adversely changed, the indicated level of recovery may not be realized or mineral reserves or resources might not be mined or processed profitably. 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 and in the Company’s Form 10-K, filed on February 23, 2023, with the SEC.

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 herein. Investors are also encouraged to refer to the Company’s 2022 Form 10-K, filed on February 23, 2023, with the SEC 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.

About Newmont

Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. 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. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230223005160/en/

Contacts

Media Contact

Carolina Lucaroni

786.643.9230

carolina.lucaroni@newmont.com

Investor Contact

Daniel Horton

303.837.5468

daniel.horton@newmont.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Financial News

Newmont Announces Increased 2022 Mineral Reserves of 96 Million Gold Ounces and 68 Million Gold Equivalent Ounces

Contacts

Popular Pages