Newmont Reports 2025 Mineral Reserves of 118.2 Million Gold Ounces and 12.5 Million Tonnes of Copper

DENVER--( BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, ASX: NGT, PNGX: NEM) (Newmont or the Company) reported gold Mineral Reserves ("reserves") of 118.2 million attributable ounces at the end of 2025 compared to 134.1 million attributable ounces at the end of 2024, mainly driven by the divestment of assets in 2025. Newmont's portfolio includes significant reserves from other metals, including 12.5 million attributable tonnes of copper reserves and 442 million attributable ounces of silver reserves.

"In 2025, Newmont maintained its position of having the industry's largest gold reserve base, declaring 118 million ounces of reserves, representing decades of production life with meaningful upside," said Natascha Viljoen, Newmont's President and Chief Executive Officer. "Through the disciplined application of technical rigor in our leading exploration program, we remain focused on extending mine life, discovering new opportunities, and unlocking value across our world-class portfolio of operations and projects."

2025 Reserves & Resources Highlights

Compared to 2024 reserves disclosed by gold mining companies in 2025

Exclusive of Mineral Reserves

Percentage of Gold Reserves by Jurisdiction

Newmont’s reserve base is a key differentiator with an operating reserve life of more than ten years at eight managed sites and two non-managed joint ventures, anchored in favorable mining jurisdictions along with significant upside potential from a robust organic project pipeline.

PROVEN & PROBABLE GOLD RESERVES

For 2025, Newmont reported 118.2 million attributable ounces of gold reserves compared to the prior year total of 134.1 million attributable ounces. Divestment of assets accounted for 8.6 million ounces of this reduction 3, followed by depletion from mining of 7.2 million ounces, net negative revisions of 5.6 million ounces (primarily from Yanacocha Sulfides reclassified to resource) and cost escalation assumption impacts of 3.1 million ounces, offset by increases from price related revisions of 6.6 million ounces, as well as the addition of 2.0 million ounces from conversion of resources and other additions primarily at Brucejack (+0.7 million ounces) and Lihir (+0.5 million ounces).

Assets divested in 2025 were CC&V, United States; Musselwhite, Canada; Porcupine, Canada; Éléonore, Canada; and Akyem, Ghana.

Managed Assets

Non-Managed Assets

Newmont's gold grade reserve remained unchanged at 0.94 grams per tonne year over year when adjusted for the divested assets.

GOLD RESOURCES 45

At the end of 2025, Newmont reported Measured and Indicated Gold Mineral Resources of 88.1 million attributable ounces, an 11 percent decrease from the prior year total of 99.4 million attributable ounces. Inferred Gold Mineral Resources totaled 60.6 million attributable ounces, a 14 percent decrease from the prior year total of 70.6 million attributable ounces. The main driver of lower resources is 14.6 million ounces removed from assets divested in 2025 6, together with net negative revisions, net resource conversions to reserves, and updated cost assumptions; partially offset by the resource increases from price assumption related revisions, as well as additions.

Notable Changes 7

Newmont’s Measured and Indicated Gold Mineral Resource grade decreased to 0.58 grams per tonne compared to 0.59 grams per tonne in the prior year. Inferred Gold Mineral Resource increased to 0.9 grams per tonne compared to 0.6 grams per tonne in the prior year, largely due to the removal of inferred resources from Namosi and assets divested.

Total resources presented includes Measured and Indicated resources of 88.1 million attributable gold ounces and Inferred resources of 60.6 million attributable gold ounces. See cautionary statement at the end of this release.

Net Conversion inclusive of ounces reclassified from reserves to resources.

Assets divested in 2025 were CC&V, United States; Musselwhite, Canada; Porcupine, Canada; Éléonore, Canada; and Akyem, Ghana.

Includes Measured and Indicated as well as Inferred resources. See detailed tables that follow.

OTHER METALS

Copper reserves decreased slightly to 12.5 million tonnes from 13.5 million tonnes in the prior year, primarily due to reclassification of the Yanacocha Sulfides project to resources. Measured and Indicated copper resources decreased to 13.1 million tonnes from 14.1 million tonnes. Inferred copper resources decreased to 5.6 million tonnes from 11.0 million tonnes driven almost entirely by the removal of Namosi.

Silver reserves decreased to 442 million ounces compared to 530 million ounces in the prior year, primarily due to the reclassification of the Yanacocha Sulfides project to resources and depletion at Peñasquito. Measured and Indicated silver resources increased to 508 million ounces from 469 million ounces in the prior year while inferred silver resources increased to 126 million ounces from 113 million ounces in the prior year; both due to the reclassification of the Yanacocha Sulfides projects.

Lead reserves decreased slightly to 0.7 million tonnes from 0.8 million tonnes primarily due to depletion. Measured and Indicated lead resources were unchanged at 0.5 million tonnes. Zinc reserves decreased to 1.5 million tonnes from 1.7 million tonnes primarily due to depletion. Measured and Indicated zinc resources increased to 1.4 million tonnes from 1.2 million tonnes.

Molybdenum reserves were unchanged at 0.2 million tonnes. Measured and Indicated molybdenum resources remained unchanged at 0.1 million tonnes.

EXPLORATION OUTLOOK

Newmont’s attributable exploration expenditure for managed operations is expected to be approximately $205 million in 2026 with 80 percent of total exploration investment dedicated to near-mine expansion programs and brownfields with the remaining 20 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 $35 million, for a total consolidated exploration expense outlook of $240 million for 2026.

Newmont expects to invest the largest proportion of exploration funds in prospective targets at Merian, Cerro Negro, and Ahafo South.

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 year-end reserves and resources.

In line with market conditions, Newmont has increased its reserves gold price assumption by 18 percent to $2,000 per ounce from $1,700 per ounce in 2024; which is less than 60 percent of the 2025 average realized gold price. Newmont's updated reserves gold price is approximately 23 percent lower than the three-year trailing gold price average of $2,586 per ounce. Historically, over the last ten years (2015 - 2024), Newmont has assumed a reserve price approximately 13 percent below the three year trailing average. Consistent with Newmont's historical approach, the resources gold price has been calibrated higher than reserves to allow identification of the optimum areas to further expand the life of its assets and to target where additional drilling and study work is required at its operating mines. For 2025, mineral resources are based on a $2,300 per ounce.

Newmont's robust internal processes and proven track record of responsibly and rigorously defining reserves and resources will continue to support the development of its world-class portfolio and organic project pipeline.

GOLD RESERVE SENSITIVITY

A $100 increase in gold price would result in an approximate 5 percent increase in gold reserves while a $100 decrease in gold price would result in an approximate 2 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.

KEY RESERVE AND RESOURCE ASSUMPTIONS 8

At December 31,

2025

2024

Gold Reserves ($/oz)

$2,000

$1,700

Gold Resources ($/oz)

$2,300

$2,000

Copper Reserves ($/lb)

$3.75

$3.50

Copper Resources ($/lb)

$4.25

$4.00

Silver Reserves ($/oz)

$25.00

$20.00

Silver Resources ($/oz)

$28.00

$23.00

Lead Reserves ($/lb)

$0.90

Lead Resources ($/lb)

$1.00

Zinc Reserves ($/lb)

$1.20

Zinc Resources ($/lb)

$1.30

Molybdenum Reserves ($/lb)

$13.00

Molybdenum Resources ($/lb)

$16.00

Australian Dollar (A$:US$)

$0.70

Canadian Dollar (C$:US$)

$0.75

West Texas Intermediate ($/bbl)

$75.00

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.

For 2025 and 2024, Newmont reserves and resources were estimated using the price assumptions noted, except for certain sites as detailed in the footnotes of the reserves and resources tables below.

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 estimated in-situ 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 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.

Newmont publishes reserves annually, and will recalculate reserves at December 31, 2026, 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 2026.

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

Gold Reserves (1)

December 31, 2025

December 31, 2024

Proven Reserves

Probable Reserves

Proven and Probable Reserves

Deposits/Districts

Newmont

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)

Lihir Open Pits

100

—

147,900

2.55

12,100

147,900

2.55

12,100

125,900

2.86

11,600

Lihir Stockpiles (4)

100

—

72,300

1.65

3,800

72,300

1.65

3,800

77,100

1.68

4,200

Total Lihir, Papua New

Guinea (5)

100

—

220,200

2.26

16,000

220,200

2.26

16,000

203,000

2.41

15,800

Wafi-Golpu, Papua New Guinea (6)(7)

—

194,500

0.82

5,100

194,500

0.82

5,100

194,500

0.82

5,100

Cadia, Australia (8)

100

—

1,007,600

0.42

13,500

1,007,600

0.42

13,500

1,051,800

0.42

14,100

Tanami, Australia

100

10,100

4.88

1,600

22,700

5.10

3,700

32,800

5.03

5,300

29,900

5.27

5,100

Boddington Open Pit

100

265,300

0.62

5,300

216,300

0.58

4,100

481,700

0.60

9,300

495,700

0.62

9,900

Boddington Stockpiles (4)

100

5,600

0.56

100

57,800

0.43

800

63,400

0.44

900

64,100

0.43

900

Total Boddington, Australia (9)

100

271,000

0.61

5,400

274,100

0.55

4,900

545,100

0.58

10,200

559,800

0.60

10,800

Ahafo South Open Pit (10)

100

2,500

1.16

100

40,900

1.48

1,900

43,400

1.46

2,000

42,000

1.63

2,200

Ahafo South Underground (11)

100

9,400

2.51

800

10,000

2.23

700

19,400

2.37

1,500

21,300

2.54

1,700

Ahafo South Stockpiles (4)(12)

100

18,500

0.94

600

—

18,500

0.94

600

21,700

0.97

700

Total Ahafo South, Ghana

100

30,400

1.44

1,400

50,900

1.63

2,700

81,300

1.56

4,100

85,000

1.69

4,600

Ahafo North, Ghana (13)

100

—

65,500

2.23

4,700

65,500

2.23

4,700

62,000

2.32

4,600

Total Ahafo Complex, Ghana

100

30,400

1.44

1,400

116,500

1.97

7,400

146,900

1.86

8,800

147,000

1.96

9,200

Merian, Suriname

24,800

1.21

1,000

104,600

1.06

3,600

129,400

1.09

4,500

110,700

1.16

4,100

Cerro Negro, Argentina

100

2,200

11.20

800

6,800

10.38

2,300

9,000

10.58

3,000

9,300

10.82

3,200

Pueblo Viejo Open Pit

35,800

2.22

2,600

51,300

1.95

3,200

87,100

2.06

5,800

81,700

2.13

5,600

Pueblo Viejo Stockpiles (4)

—

36,900

2.04

2,400

36,900

2.04

2,400

38,800

2.07

2,600

Total Pueblo Viejo, Dominican Republic (7)(14)

35,800

2.22

2,600

88,200

1.99

5,600

123,900

2.06

8,200

120,500

2.11

8,200

NuevaUnión, Chile (7)(15)

—

341,100

0.47

5,100

341,100

0.47

5,100

341,100

0.47

5,100

Norte Abierto, Chile (7)(16)

—

521,100

0.65

10,800

521,100

0.65

10,800

598,800

0.60

11,600

Yanacocha, Peru

100

18,800

0.81

500

—

18,800

0.81

500

126,400

1.31

5,300

Peñasquito Open Pits

100

79,500

0.54

1,400

114,800

0.44

1,600

194,300

0.48

3,000

224,700

0.52

3,800

Peñasquito Stockpiles (4)

100

4,900

0.44

100

21,800

0.21

100

26,700

0.25

200

32,000

0.26

300

Total Peñasquito, Mexico

100

84,400

0.53

1,400

136,600

0.40

1,800

221,000

0.45

3,200

256,600

0.49

4,100

Red Chris, Canada (17)

2,600

0.32

—

178,900

0.63

3,600

181,500

0.62

3,600

186,400

0.62

3,700

Brucejack, Canada

100

—

13,500

6.65

2,900

13,500

6.65

2,900

8,600

6.95

1,900

NGM Open Pit (18)

38.5

—

131,100

1.02

4,300

131,100

1.02

4,300

124,200

1.16

4,600

NGM Stockpiles (4)(19)

38.5

6,800

1.29

300

20,800

2.35

1,600

27,600

2.09

1,800

29,200

2.08

2,000

NGM Underground (20)

38.5

4,200

11.67

1,600

37,900

7.93

9,700

42,100

8.30

11,200

43,700

8.06

11,300

Total NGM, United States (21)

38.5

10,900

5.24

1,800

189,800

2.54

15,500

200,700

2.69

17,400

197,100

2.82

17,900

Divested (22)

CC&V Open Pit

115,600

0.43

1,600

CC&V Leach Pads (23)

34,600

0.73

800

Total CC&V, United States

150,200

0.50

2,400

Musselwhite, Canada

7,400

6.43

1,500

Porcupine Underground

4,400

6.46

900

Porcupine Open Pit

30,600

1.46

1,500

Total Porcupine, Canada

34,900

2.09

2,300

Éléonore, Canada

10,100

5.05

1,600

Akyem Open Pit

18,200

1.54

900

Akyem Stockpiles (4)

700

0.72

—

Total Akyem, Ghana

19,000

1.51

900

Total Gold

490,900

1.04

16,500

3,416,100

0.93

101,800

3,907,000

0.94

118,200

4,363,000

0.96

134,100

____________________________

(1)

At December 31, 2025 and 2024, gold reserves at sites for which Newmont is the operator were estimated at a gold price of $2,000 and $1,700 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)

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)

Cut-off grade utilized in 2025 reserves not less than 1.00 gram per tonne.

(6)

Project is currently undeveloped. Gold reserves at December 31, 2025 were estimated at a gold price of $1,200 per ounce.

(7)

Included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.

(8)

The net smelter return value utilized in 2025 reserves not less than $24.62 per tonne.

(9)

The net smelter return value utilized in 2025 reserves not less than $18.24 per tonne.

(10)

Cut-off grade utilized in 2025 reserves not less than 0.49 gram per tonne.

(11)

Cut-off grade utilized in 2025 reserves not less than 1.80 gram per tonne.

(12)

Cut-off grade utilized in 2025 reserves not less than 0.48 gram per tonne.

(13)

Cut-off grade utilized in 2025 reserves not less than 0.60 gram per tonne.

(14)

The Pueblo Viejo mine, which is 40% owned by Newmont, is accounted for as an equity method investment. Gold reserves at December 31, 2025 were estimated at a gold price of $1,500 per ounce. Gold reserves at December 31, 2025 and 2024 were provided by Barrick, the operator of Pueblo Viejo.

(15)

Project is currently undeveloped. Gold reserves at December 31, 2025 were estimated at a gold price of $1,300 per ounce. Gold reserves at December 31, 2025 and 2024 were provided by the NuevaUnión joint venture.

(16)

Project is currently undeveloped. Gold reserves at December 31, 2025 were estimated at a gold price of $1,700 per ounce. Gold reserves at December 31, 2025 and 2024 were provided by the Norte Abierto joint venture.

(17)

Gold reserves related to the underground mine at December 31, 2025 were estimated at a gold price of $1,300 per ounce.

(18)

Cut-off grade utilized in 2025 reserves not less than 0.15 gram per tonne.

(19)

Cut-off grade utilized in 2025 reserves not less than 0.44 gram per tonne.

(20)

Cut-off grade utilized in 2025 reserves not less than 3.34 gram per tonne.

(21)

Gold reserves at December 31, 2025 were estimated at a gold price of $1,500 per ounce. Gold reserves at December 31, 2025 and 2024 were provided by Barrick, the operator of the NGM joint venture.

(22)

Sites were classified as held for sale as of December 31, 2024 and were divested as of December 31, 2025. Refer to Note 3 of the Consolidated Financial Statements for further information on the Company's divestitures.

(23)

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.

Gold Resources at December 31, 2025 (1)(2)

Measured Resource

Indicated Resource

Measured and Indicated Resource

Inferred Resource

Deposits/Districts

Newmont

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Metallurgical

Recovery (3)

Lihir, Papua New Guinea

100

—

37,500

1.99

2,400

37,500

1.99

2,400

239,800

2.4

18,300

Wafi-Golpu Open Pit (4)

—

53,600

1.66

2,900

53,600

1.66

2,900

15,500

1.3

600

Wafi-Golpu Underground (5)

—

140,800

0.45

2,000

140,800

0.45

2,000

91,900

0.6

1,900

Total Wafi-Golpu, Papua New Guinea (6)

—

194,500

0.78

4,900

194,500

0.78

4,900

107,300

0.7

2,600

Cadia Underground

100

—

1,009,300

0.29

9,400

1,009,300

0.29

9,400

163,900

0.2

1,300

Cadia Stockpiles

100

28,500

0.30

300

—

28,500

0.30

300

—

Total Cadia, Australia

100

28,500

0.30

300

1,009,300

0.29

9,400

1,037,800

0.29

9,700

163,900

0.2

1,300

Tanami Open Pit

100

10,000

1.62

500

27,300

1.42

1,200

37,200

1.47

1,800

5,500

1.1

200

Tanami Underground

100

2,600

3.35

300

6,800

3.77

800

9,400

3.65

1,100

17,600

4.4

2,500

Total Tanami, Australia

100

12,500

1.98

800

34,100

1.89

2,100

46,600

1.91

2,900

23,100

3.6

2,700

Boddington, Australia

100

97,300

0.52

1,600

168,200

0.49

2,600

265,500

0.50

4,300

3,800

0.5

100

Ahafo South Open Pit

100

1,000

1.13

—

5,000

0.72

100

6,100

0.79

200

3,200

1.1

100

Ahafo South Underground

100

1,200

—

100

41,400

3.84

5,100

42,500

3.84

5,200

19,500

2.9

1,800

Total Ahafo South, Ghana

100

2,200

2.49

200

46,400

3.51

5,200

48,600

3.46

5,400

22,700

2.7

2,000

Ahafo North, Ghana

100

6,600

1.44

300

36,300

1.74

2,000

42,900

1.69

2,300

18,100

1.6

900

Total Ahafo Complex, Ghana

100

8,700

1.70

500

82,700

2.73

7,300

91,400

2.63

7,700

40,900

2.2

2,900

Merian, Suriname

5,200

0.96

200

49,600

1.05

1,700

54,800

1.05

1,800

79,700

0.8

2,100

Cerro Negro, Argentina

100

1,300

3.73

200

1,900

5.42

300

3,200

4.73

500

7,500

5.1

1,200

Pueblo Viejo, Dominican Republic (6)(7)

7,300

1.31

300

33,100

1.37

1,500

40,300

1.36

1,800

6,300

1.5

300

NuevaUnión, Chile (6)(8)

4,800

0.47

100

118,300

0.59

2,300

123,100

0.59

2,300

239,800

0.4

3,100

Norte Abierto, Chile (6)(9)

77,700

0.61

1,500

525,500

0.51

8,600

603,200

0.52

10,100

381,100

0.4

5,300

Conga, Peru (6)(10)

100

—

693,800

0.65

14,600

693,800

0.65

14,600

230,500

0.4

2,900

Yanacocha Open Pit

100

12,800

0.41

200

99,100

0.70

2,300

111,900

0.67

2,400

360,300

0.5

6,200

Yanacocha Underground

100

3,800

7.28

900

15,200

5.13

2,500

19,000

5.56

3,400

3,600

4.9

600

Total Yanacocha, Peru (11)

100

16,600

1.98

1,100

114,300

1.29

4,700

130,900

1.38

5,800

363,900

0.6

6,700

Peñasquito, Mexico

100

52,800

0.30

500

172,100

0.21

1,100

224,900

0.23

1,600

9,200

0.2

100

La Bikina, Mexico (6)

—

19,900

0.37

200

19,900

0.37

200

1,600

0.2

—

Galore Creek, Canada (6)(12)

212,800

0.29

2,000

385,600

0.22

2,700

598,400

0.25

4,700

118,900

0.2

700

Red Chris, Canada (13)

—

334,800

0.34

3,700

334,800

0.34

3,700

62,000

0.3

700

Brucejack, Canada

100

—

4,300

4.13

600

4,300

4.13

600

14,500

5.3

2,500

NGM Open Pit

38.5

2,900

1.04

100

178,000

0.64

3,600

180,900

0.64

3,700

63,200

0.8

1,500

NGM Underground

38.5

1,400

8.83

400

21,900

6.34

4,500

23,400

6.50

4,900

25,600

6.9

5,700

Total NGM, Nevada (14)

38.5

4,300

3.61

500

199,900

1.26

8,100

204,300

1.31

8,600

88,900

2.5

7,300

Total Gold

529,900

0.56

9,500

4,179,300

0.59

78,700

4,709,300

0.58

88,100

2,182,600

0.9

60,600

Gold Resources (1)(2) - December 31, 2024

Measured Resource

Indicated Resource

Measured and Indicated Resource

Inferred Resource

Deposits/Districts

Newmont

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Metallurgical

Recovery (3)

Namosi, Fiji

73.24

—

105,500

0.22

700

105,500

0.22

700

1,346,900

0.1

4,300

Lihir, Papua New Guinea

100

—

44,600

1.97

2,800

44,600

1.97

2,800

227,400

2.4

17,600

Wafi-Golpu Open Pit

—

53,600

1.66

2,900

53,600

1.66

2,900

15,500

1.3

600

Wafi-Golpu Underground

—

140,800

0.45

2,000

140,800

0.45

2,000

91,900

0.6

1,900

Total Wafi-Golpu, Papua New

Guinea (6)

—

194,500

0.78

4,900

194,500

0.78

4,900

107,300

0.7

2,600

Cadia Underground

100

—

1,245,100

0.36

14,200

1,245,100

0.36

14,200

549,400

0.3

4,800

Cadia Open Pit

100

30,800

0.30

300

—

30,800

0.30

300

11,000

0.7

200

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

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

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

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

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

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

Ahafo South Underground

100

700

3.85

100

27,100

3.96

3,400

27,800

3.95

3,500

11,500

3.1

1,200

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

Ahafo North, Ghana

100

6,900

1.41

300

28,300

1.78

1,600

35,200

1.71

1,900

13,700

1.6

700

Total Ahafo Complex, Ghana

100

11,600

1.47

500

61,800

2.64

5,200

73,400

2.45

5,700

28,700

2.2

2,000

Merian, Suriname

5,800

1.03

200

58,600

1.08

2,000

64,500

1.08

2,200

70,000

0.9

2,000

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

Pueblo Viejo, Dominican Republic (6)(7)

8,200

1.39

400

38,200

1.44

1,800

46,400

1.43

2,100

5,000

1.6

300

NuevaUnión, Chile (6)(8)

4,800

0.47

100

118,300

0.59

2,300

123,100

0.59

2,300

239,800

0.4

3,100

Norte Abierto, Chile (6)(9)

77,200

0.61

1,500

596,900

0.49

9,300

674,200

0.50

10,800

369,600

0.4

4,400

Conga, Peru (6)

100

—

693,800

0.65

14,600

693,800

0.65

14,600

230,500

0.4

2,900

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

Yanacocha Underground

100

500

4.07

100

6,200

4.70

900

6,700

4.65

1,000

3,400

5.0

500

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

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

La Bikina, Mexico (6)

—

19,900

0.37

200

19,900

0.37

200

1,600

0.2

—

Galore Creek, Canada (6)(12)

212,800

0.29

2,000

385,600

0.22

2,700

598,400

0.25

4,700

118,900

0.2

700

Red Chris, Canada

—

335,100

0.34

3,700

335,100

0.34

3,700

62,100

0.3

700

Brucejack, Canada

100

—

4,300

4.68

600

4,300

4.68

600

16,600

5.8

3,100

NGM Open Pit

38.5

3,700

1.24

100

158,500

0.74

3,800

162,200

0.76

4,000

56,700

0.9

1,600

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

Total NGM, United States (14)

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

Held for sale (15)

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

Musselwhite, Canada

100

1,500

4.21

200

2,300

4.10

300

3,800

4.15

500

1,900

5.0

300

Porcupine Underground

100

—

1,000

7.70

300

1,100

7.59

300

1,900

7.8

500

Porcupine Open Pit

100

—

75,600

1.51

3,700

75,600

1.51

3,700

65,900

1.4

2,900

Total Porcupine, Canada

100

—

76,600

1.59

3,900

76,600

1.59

3,900

67,900

1.5

3,400

Éléonore, Canada

100

400

4.94

100

2,900

4.11

400

3,300

4.21

400

2,400

4.6

400

Coffee, Canada (6)

100

900

2.14

100

49,300

1.26

2,000

50,200

1.28

2,100

6,700

1.0

200

Akyem, Ghana

100

800

0.73

—

9,700

3.83

1,200

10,600

3.58

1,200

5,500

3.0

500

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

____________________________

(1)

Resources are reported exclusive of reserves. Amounts presented may not recalculate in total due to rounding.

(2)

At December 31, 2025 and 2024, gold resources at sites for which Newmont is the operator were estimated at a gold price of $2,300 and $2,000 per ounce, respectively, unless otherwise noted. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000.

(3)

(4)

Project is currently undeveloped. Gold resources at December 31, 2025 were estimated at a gold price of $1,400 per ounce.

(5)

Project is currently undeveloped. Gold resources at December 31, 2025 were estimated at a gold price of $1,300 per ounce.

(6)

Included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.

(7)

The Pueblo Viejo mine, which is 40% owned by Newmont, is accounted for as an equity method investment. Gold resources at December 31, 2025 were estimated at a gold price of $2,000 per ounce. Gold resources at December 31, 2025 and 2024 were provided by Barrick, the operator of Pueblo Viejo.

(8)

Project is currently undeveloped. Gold resources at December 31, 2025 were estimated at a gold price of $1,300 per ounce. Gold resources at December 31, 2025 and 2024 were provided by the NuevaUnión joint venture.

(9)

Project is currently undeveloped. Gold resources at December 31, 2025 were estimated at a gold price of $2,000 per ounce. Gold resources at December 31, 2025 and 2024 were provided by the Norte Abierto joint venture.

(10)

Gold resources at December 31, 2025 were estimated at a gold price of $1,400 per ounce.

(11)

Gold resources related to the Yanacocha Sulfides project at December 31, 2025 were estimated at a gold price of $1,400 per ounce.

(12)

Project is currently undeveloped. Resource estimates provided by Teck Resources, the Galore Creek joint venture partner.

(13)

Gold resources related to the underground mine at December 31, 2025 were estimated at a gold price of $1,400 per ounce.

(14)

Gold resources at December 31, 2025 were estimated at a gold price of $2,000 per ounce. Gold resources at December 31, 2025 and 2024 were provided by Barrick, the operator of the NGM joint venture.

(15)

Copper Reserves (1)

December 31, 2025

December 31, 2024

Proven Reserves

Probable Reserves

Proven and Probable Reserves

Deposits/Districts

Newmont Share

Tonnage (2)

(000 tonnes)

Grade

(Cu %)

Tonnes (3) (000)

Tonnage (2)

(000 tonnes)

Grade

(Cu %)

Tonnes (3) (000)

Tonnage (2)

(000 tonnes)

Grade

(Cu %)

Tonnes (3) (000)

Metallurgical Recovery (3)

Tonnage (2)

(000 tonnes)

Grade

(Cu %)

Tonnes (3) (000)

Wafi-Golpu, Papua New Guinea (4)(5)

—

194,500

1.20

2,300

194,500

1.20

2,300

194,500

1.20

2,300

Cadia, Australia (6)

100

—

1,007,600

0.29

2,900

1,007,600

0.29

2,900

1,051,800

0.29

3,100

Boddington, Australia (7)

100

271,000

0.09

200

274,100

0.10

300

545,100

0.09

500

559,800

0.09

500

NuevaUnión, Chile (5)(8)

—

1,118,000

0.40

4,400

1,118,000

0.40

4,400

1,118,000

0.40

4,400

Norte Abierto, Chile (5)(9)

—

521,100

0.24

1,200

521,100

0.24

1,200

598,800

0.22

1,300

Yanacocha, Peru

100

—

111,100

0.63

700

Red Chris, Canada (10)

2,600

0.41

—

178,900

0.52

900

181,500

0.52

900

186,400

0.52

1,000

NGM, United States (11)

38.5

3,700

0.15

—

76,500

0.18

100

80,200

0.18

100

75,400

0.18

100

Total Copper

277,300

0.09

200

3,370,700

0.36

12,300

3,648,000

0.34

12,500

3,895,800

0.35

13,500

____________________________

(1)

At December 31, 2025 and 2024, copper reserves at sites for which Newmont is the operator were estimated at a copper price of $3.75 and $3.50 per pound, 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 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. Copper reserves at December 31, 2025 were estimated at a copper price of $3.00 per pound.

(5)

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 2025 reserves not less than $24.62 per tonne.

(7)

The net smelter return value utilized in 2025 reserves not less than $18.24 per tonne.

(8)

Project is currently undeveloped. Copper reserves at December 31, 2025 were estimated at a copper price of $3.00 per pound. Copper reserves at December 31, 2025 and 2024 were provided by the NuevaUnión joint venture.

(9)

Project is currently undeveloped. Copper reserves at December 31, 2025 were estimated at a copper price of $3.50. Copper reserves at December 31, 2025 and 2024 were provided by the Norte Abierto joint venture.

(10)

Copper reserves related to the underground mine at December 31, 2025 were estimated at a copper price of $3.00 per pound.

(11)

Copper cut-off grade varies with gold and silver credits. Copper reserves at December 31, 2025 were estimated at a copper price of $3.25 per ounce. Copper reserves at December 31, 2025 and 2024 were provided by Barrick, the operator of the NGM joint venture.

Copper Resources (1)(2) - December 31, 2025

Measured Resource

Indicated Resource

Measured and Indicated Resource

Inferred Resource

Deposits/Districts

Newmont

Tonnage

(000 tonnes)

Grade

(Cu%)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Cu%)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Cu%)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Cu%)

Tonnes (3)

(000)

Metallurgical

Recovery (3)

Wafi-Golpu, Papua New Guinea (4)(5)

—

140,800

0.73

1,000

140,800

0.73

1,000

91,900

0.7

600

Cadia, Australia

100

28,500

0.13

—

1,009,300

0.25

2,600

1,037,800

0.25

2,600

163,900

0.2

300

Boddington, Australia

100

97,300

0.12

100

168,200

0.11

200

265,500

0.11

300

3,800

0.1

—

NuevaUnión, Chile (4)(6)

164,300

0.19

300

349,900

0.34

1,200

514,100

0.30

1,500

602,200

0.4

2,300

Norte Abierto, Chile (4)(7)

58,000

0.23

100

479,900

0.20

900

537,900

0.20

1,100

373,300

0.2

800

Conga, Peru (4)(8)

100

—

693,800

0.26

1,800

693,800

0.26

1,800

230,500

0.2

400

Yanacocha, Peru (9)

100

3,700

0.29

—

114,100

0.61

700

117,800

0.60

700

134,900

0.4

500

Galore Creek, Canada (4)(10)

212,800

0.44

900

385,600

0.47

1,800

598,400

0.46

2,800

118,900

0.3

300

Red Chris, Canada (11)

—

334,800

0.34

1,100

334,800

0.34

1,100

62,000

0.4

200

NGM, United States (12)

38.5

—

130,600

0.16

200

130,600

0.16

200

12,100

0.1

—

Total Copper

564,600

0.27

1,500

3,806,800

0.30

11,600

4,371,500

0.30

13,100

1,793,400

0.3

5,600

Copper Resources at December 31, 2024 (1)(2)

Measured Resources

Indicated Resources

Measured and Indicated Resources

Inferred Resources

Deposits/Districts

Newmont

Tonnage

(000 tonnes)

Grade

(Cu%)

Tonnes (3) (000)

Tonnage

(000 tonnes)

Grade

(Cu%)

Tonnes (3) (000)

Tonnage

(000 tonnes)

Grade

(Cu%)

Tonnoes (3) (000)

Tonnage

(000 tonnes)

Grade

(Cu%)

Tonnes (3)

(000)

Metallurgical

Recovery (3)

Namosi Open Pit

73.24

—

105,500

0.61

600

105,500

0.61

600

1,346,900

0.3

4,300

Namosi Underground

73.24

—

209,900

0.4

900

Total Namosi, Fiji (4)

73.24

—

105,500

0.61

600

105,500

0.61

600

1,556,800

0.3

5,200

Wafi-Golpu, Papua New Guinea (4)

—

140,800

0.73

1,000

140,800

0.73

1,000

91,900

0.7

600

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

Boddington, Australia

100

90,600

0.12

100

154,100

0.11

200

244,700

0.12

300

3,500

0.1

—

NuevaUnión, Chile (4)(6)

164,300

0.19

300

349,900

0.34

1,200

514,100

0.30

1,500

602,200

0.4

2,300

Norte Abierto, Chile (4)(7)

57,600

0.24

100

551,300

0.19

1,100

608,900

0.20

1,200

361,800

0.2

700

Conga, Peru (4)

100

—

693,800

0.26

1,800

693,800

0.26

1,800

230,500

0.2

400

Yanacocha, Peru

100

1,500

1.02

—

99,800

0.36

400

101,300

0.37

400

39,700

0.4

100

Galore Creek, Canada (4)(10)

212,800

0.44

900

385,600

0.47

1,800

598,400

0.46

2,800

118,900

0.3

300

Red Chris, Canada

—

335,100

0.34

1,100

335,100

0.34

1,100

62,100

0.4

200

NGM, United States (12)

38.5

—

113,700

0.17

200

113,700

0.17

200

11,100

0.2

—

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

____________________________

(1)

Resources are reported exclusive of reserves. Amounts presented may not recalculate in total due to rounding.

(2)

At December 31, 2025 and 2024, copper resources at sites in which Newmont is the operator were estimated at a copper price of $4.25 and $4.00 per pound, respectively, unless otherwise noted. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000.

(3)

(4)

Included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.

(5)

Project is currently undeveloped. Copper resources related to the open pit mine at December 31, 2025 were estimated at a copper price of $3.40 per pound.

(6)

Project is currently undeveloped. Copper resources at December 31, 2025 were estimated at a copper price of $3.00 per pound. Copper resources at December 31, 2025 and 2024 were provided by the NuevaUnión joint venture.

(7)

Project is currently undeveloped. Copper resources at December 31, 2025 were estimated at a copper price of $4.00 per pound. Copper resources at December 31, 2025 and 2024 were provided by the Norte Abierto joint venture.

(8)

Copper resources at December 31, 2025 were estimated at a copper price of $3.50 per pound.

(9)

Copper resources related to the Yanacocha Sulfides project at December 31, 2025 were estimated at a copper price of $3.25 per pound.

(10)

Project is currently undeveloped. Resource estimates provided by Teck Resources.

(11)

Copper resources related to the underground mine at December 31, 2025 were estimated at a copper price of $3.40 per pound.

(12)

Copper resources at December 31, 2025 were estimated at a copper price of $4.50 per pound. Copper resources at December 31, 2025 and 2024 were provided by Barrick, the operator of the NGM joint venture.

Silver Reserves (1)

December 31, 2025

December 31, 2024

Proven Reserves

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)

Cadia, Australia (4)

100

—

1,007,600

0.67

21,800

1,007,600

0.67

21,800

1,051,800

0.67

22,800

Cerro Negro, Argentina

100

2,200

84.41

5,900

6,800

66.20

14,400

9,000

70.62

20,300

9,300

71.58

21,400

Pueblo Viejo Open Pits

35,800

12.01

13,800

51,300

11.58

19,100

87,100

11.76

32,900

81,700

11.86

31,200

Pueblo Viejo Stockpiles (5)

—

36,900

13.59

16,100

36,900

13.59

16,100

38,800

14.22

17,700

Total Pueblo Viejo, Dominican Republic (6)(7)

35,800

12.01

13,800

88,200

12.42

35,200

123,900

12.30

49,000

120,500

12.62

48,900

NuevaUnión, Chile (7)(8)

—

1,118,000

1.31

47,200

1,118,000

1.31

47,200

1,118,000

1.31

47,200

Norte Abierto, Chile (7)(9)

—

521,100

1.61

27,000

521,100

1.61

27,000

598,800

1.52

29,300

Yanacocha, Peru

100

—

68,300

8.82

19,400

68,300

8.82

19,400

172,300

15.05

83,400

Peñasquito Open Pits

100

79,500

34.50

88,200

114,800

31.09

114,700

194,300

32.49

202,900

224,700

31.09

224,600

Peñasquito Stockpiles (5)

100

4,900

47.37

7,500

21,800

27.90

19,600

26,700

31.48

27,000

32,000

27.89

28,700

Total Peñasquito, Mexico

100

84,400

35.25

95,700

136,600

30.58

134,300

221,000

32.37

230,000

256,600

30.70

253,300

Brucejack, Canada

100

—

13,500

29.39

12,800

13,500

29.39

12,800

8,600

34.36

9,500

NGM Open Pit

38.5

—

66,200

6.54

13,900

66,200

6.54

13,900

54,600

7.78

13,700

NGM Stockpiles (5)

38.5

2,700

7.89

700

—

2,700

7.89

700

3,200

7.87

800

Total NGM, United States (10)

38.5

2,700

7.89

700

66,200

6.54

13,900

68,900

6.59

14,600

57,900

7.78

14,500

Total Silver

125,000

28.88

116,000

3,026,200

3.35

326,000

3,151,200

4.36

442,000

3,393,800

4.86

530,200

____________________________

(1)

At December 31, 2025 and 2024, silver reserves at sites for which Newmont is the operator were estimated at a silver price of $25 and $20 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 nearest 100,000.

(3)

(4)

The net smelter return value utilized in 2025 reserves not less than $24.62 per tonne.

(5)

(6)

The Pueblo Viejo mine, which is 40% owned by Newmont, is accounted for as an equity method investment. Silver reserves at December 31, 2025 were estimated at a silver price of $21 per ounce. Silver reserves at December 31, 2025 and 2024 were provided by Barrick, the operator of Pueblo Viejo.

(7)

Included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.

(8)

Project is currently undeveloped. Silver reserves at December 31, 2025 were estimated at a silver price of $18 per ounce. Silver reserves at December 31, 2025 and 2024 were provided by the NuevaUnión joint venture.

(9)

Project is currently undeveloped. Silver reserves at December 31, 2025 were estimated at a silver price of $25 per ounce. Silver reserves at December 31, 2025 and 2024 were provided by the Norte Abierto joint venture.

(10)

Silver cut-off grade varies with gold and copper credits. Silver reserves at December 31, 2025 were estimated at a silver price of $21 per ounce. Silver reserves at December 31, 2025 and 2024 were provided by Barrick, the operator of the NGM joint venture.

Silver Resources (1)(2) - December 31, 2025

Measured Resource

Indicated Resource

Measured and Indicated Resource

Inferred Resource

Deposits/Districts

Newmont

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Metallurgical

Recovery (3)

Wafi-Golpu, Papua New Guinea (4)

—

53,600

4.42

7,600

53,600

4.42

7,600

15,500

4.5

2,200

Cadia, Australia

100

—

1,009,300

0.62

20,200

1,009,300

0.62

20,200

163,900

0.4

2,300

Pueblo Viejo, Dominican Republic (4)(5)

7,300

6.95

1,600

33,100

7.79

8,300

40,300

7.64

9,900

6,300

8.3

1,700

NuevaUnión, Chile (4)(6)

164,300

0.96

5,100

349,900

1.19

13,400

514,100

1.12

18,400

602,200

1.2

22,500

Norte Abierto, Chile (4)(7)

77,700

1.21

3,000

525,500

1.07

18,100

603,200

1.09

21,100

381,100

1.0

12,600

Peñasquito, Mexico

100

52,800

28.32

48,100

172,100

25.28

139,900

224,900

26.00

188,000

9,200

24.2

7,100

La Bikina, Mexico (4)

—

19,900

13.99

9,000

19,900

13.99

9,000

1,600

11.0

500

Cerro Negro Underground

100

72.50

200

700

57.19

1,300

800

59.07

1,500

7,200

28.3

6,500

Cerro Negro Open Pit

100

1,200

6.76

300

1,200

6.62

300

2,400

6.70

500

300

6.7

100

Total Cerro Negro, Argentina

100

1,300

11.74

500

1,900

25.50

1,600

3,200

19.88

2,000

7,500

27.4

6,600

Conga, Peru (4)(8)

100

—

693,800

2.06

45,900

693,800

2.06

45,900

175,000

1.1

6,300

Yanacocha Open Pit

100

15,600

7.91

3,900

96,300

19.80

61,300

111,900

18.14

65,200

89,500

14.3

41,300

Yanacocha Leach Pad (9)

100

—

57,100

2.03

3,700

57,100

2.03

3,700

11,600

4.4

1,600

Yanacocha Underground

100

3,700

0.21

—

14,900

15.49

7,400

18,600

12.45

7,400

3,600

38.4

4,400

Total Yanacocha, Peru (10)

100

19,300

6.41

4,000

168,200

13.39

72,400

187,500

12.67

76,400

104,700

14.1

47,300

Galore Creek, Canada (4)(11)

212,800

4.08

27,900

385,600

4.77

59,100

598,400

4.52

87,000

118,900

2.6

9,900

Brucejack, Canada

100

—

4,300

15.90

2,200

4,300

15.90

2,200

14,500

11.7

5,500

NGM, United States (12)

38.5

—

121,000

5.22

20,300

121,000

5.22

20,300

10,100

5.4

1,800

Total Silver

535,500

5.24

90,200

3,538,100

3.67

418,000

4,073,600

3.88

508,200

1,610,400

2.4

126,400

Silver Resources (1)(2) - December 31, 2024

Measured Resource

Indicated Resource

Measured and Indicated Resource

Inferred Resource

Deposits/Districts

Newmont

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Tonnage

(000 tonnes)

Grade

(g/tonne)

Ounces (3)

(000)

Metallurgical

Recovery (3)

Wafi-Golpu, Papua New Guinea (4)

—

53,600

4.42

7,600

53,600

4.42

7,600

15,500

4.5

2,200

Cadia, Australia

100

—

1,245,100

0.65

26,100

1,245,100

0.65

26,100

549,400

0.4

7,900

Pueblo Viejo, Dominican Republic (4)(5)

8,200

7.69

2,000

38,200

7.82

9,600

46,400

7.80

11,600

5,000

6.8

1,100

NuevaUnión, Chile (4)(6)

164,300

0.96

5,100

349,900

1.19

13,400

514,100

1.12

18,400

602,200

1.2

22,500

Norte Abierto, Chile (4)(7)

77,200

1.20

3,000

596,900

1.07

20,600

674,200

1.09

23,500

369,600

1.0

11,300

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

La Bikina, Mexico (4)

—

19,900

13.99

9,000

19,900

13.99

9,000

1,600

11.0

500

Cerro Negro Underground

100

70.12

300

700

61.42

1,400

900

62.67

1,700

7,300

26.5

6,200

Cerro Negro Open Pit

100

1,200

6.76

300

1,200

6.62

300

2,400

6.70

500

300

6.7

100

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

Conga, Peru (4)

100

—

693,800

2.06

45,900

693,800

2.06

45,900

175,000

1.1

6,300

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

Yanacocha Leach Pad

100

—

62,700

2.2

4,500

Yanacocha Underground

100

500

0.37

—

6,200

37.02

7,300

6,700

34.23

7,400

3,400

40.4

4,400

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

Galore Creek, Canada (4)(11)

212,800

4.08

27,900

385,600

4.77

59,100

598,400

4.52

87,000

118,900

2.6

9,900

Brucejack, Canada

100

—

4,300

19.68

2,700

4,300

19.68

2,700

16,600

11.6

6,200

NGM, United States (12)

38.5

—

98,300

5.64

17,800

98,300

5.64

17,800

10,300

4.2

1,400

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

___________________________

(1)

Resources are reported exclusive of reserves. Amounts presented may not recalculate in total due to rounding.

(2)

At December 31, 2025 and 2024, silver resources at sites in which Newmont is the operator were estimated at a silver price of $28 and $23 per ounce, respectively, unless otherwise noted. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000.

(3)

(4)

Included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.

(5)

Silver resources at December 31, 2025 were estimated at a silver price of $25 per ounce. Silver resources at December 31, 2025 and 2024 were provided by Barrick, the operator of the Pueblo Viejo.

(6)

Project is currently undeveloped. Silver resources at December 31, 2025 were estimated at a silver price of $18 per ounce. Silver resources at December 31, 2025 and 2024 were provided by the NuevaUnión joint venture.

(7)

Project is currently undeveloped. Silver resources at December 31, 2025 were estimated at a silver price of $23 per ounce. Silver resources at December 31, 2025 and 2024 were provided by the Norte Abierto joint venture.

(8)

Silver resources at December 31, 2025 were estimated at a silver price of $26 per ounce.

(9)

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.

(10)

Silver resources related to the Yanacocha Sulfides project at December 31, 2025 were estimated at a silver price of $23 per ounce.

(11)

Project is currently undeveloped. Resource estimates provided by Teck Resources.

(12)

Silver resources at December 31, 2025 were estimated at a silver price of $25 per ounce. Silver resources at December 31, 2025 and 2024 were provided by Barrick, the operator of the NGM joint venture.

Lead Reserves (1)

December 31, 2025

December 31, 2024

Proven Reserves

Probable Reserves

Proven and Probable Reserves

Deposits/Districts

Newmont

Tonnage (2)

(000 tonnes)

Grade

(Pb %)

Tonnes (3)

(000)

Tonnage (2)

(000 tonnes)

Grade

(Pb %)

Tonnes (3)

(000)

Tonnage (2)

(000 tonnes)

Grade

(Pb %)

Tonnes (3)

(000)

Metallurgical

Recovery (3)

Tonnage (2)

(000 tonnes)

Grade

(Pb %)

Tonnes (3)

(000)

Peñasquito, Mexico

100

84,400

0.34

300

136,600

0.28

400

221,000

0.30

700

256,600

0.31

800

Total Lead

84,400

0.34

300

136,600

0.28

400

221,000

0.30

700

256,600

0.31

800

____________________________

(1)

At December 31, 2025 and 2024, lead reserves were estimated at a lead price of $0.90 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)

Lead Resources (1)(2) - December 31, 2025

Measured Resource

Indicated Resource

Measured and Indicated Resource

Inferred Resource

Deposits/Districts

Newmont

Tonnage

(000 tonnes)

Grade

(Pb %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Pb %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Pb %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Pb %)

Tonnes (3)

(000)

Metallurgical

Recovery (3)

Peñasquito, Mexico

100

52,800

0.26

100

172,100

0.24

400

224,900

0.24

500

9,200

0.2

—

Total Lead

52,800

0.26

100

172,100

0.24

400

224,900

0.24

500

9,200

0.2

—

Lead Resources (1)(2) - December 31, 2024

Measured Resource

Indicated Resource

Measured and Indicated Resource

Inferred Resource

Deposits/Districts

Newmont

Tonnage

(000 tonnes)

Grade

(Pb %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Pb %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Pb %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Pb %)

Tonnes (3)

(000)

Metallurgical

Recovery (3)

Peñasquito, Mexico

100

48,200

0.25

100

163,100

0.23

400

211,300

0.23

500

21,100

0.2

—

Total Lead

48,200

0.25

100

163,100

0.23

400

211,300

0.23

500

21,100

0.2

—

____________________________

(1)

Resources are reported exclusive of reserves.

(2)

At December 31, 2025 and 2024, lead resources were estimated at a lead price of $1.00 per pound. Tonnage amounts have been rounded to the nearest 100,000.

(3)

Zinc Reserves (1)

December 31, 2025

December 31, 2024

Proven Reserves

Probable Reserves

Proven and Probable Reserves

Deposits/Districts

Newmont

Tonnage (2)

(000 tonnes)

Grade

(Zn %)

Tonnes (3)

(000)

Tonnage (2)

(000 tonnes)

Grade

(Zn %)

Tonnes (3)

(000)

Tonnage (2)

(000 tonnes)

Grade

(Zn %)

Tonnes (3)

(000)

Metallurgical

Recovery (3)

Tonnage (2)

(000 tonnes)

Grade

(Zn %)

Tonnes (3)

(000)

Peñasquito Open Pits, Mexico

100%

79,500

0.77%

600

114,800

0.60%

700

194,300

0.67%

1,300

83%

224,700

0.69%

1,500

Peñasquito Stockpiles, Mexico (4)

100%

4,900

1.25%

100

21,800

0.54%

100

26,700

0.67%

200

78%

32,000

0.58%

200

Total Zinc

84,400

0.80%

700

136,600

0.59%

800

221,000

0.67%

1,500

82%

256,600

0.68%

1,700

____________________________

(1)

At December 31, 2025 and 2024, 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)

(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 pounds exceed 100 million and are greater than 5% of the total site-reported reserves.

Zinc Resources (1)(2) - December 31, 2025

Measured Resource

Indicated Resource

Measured and Indicated Resource

Inferred Resource

Deposits/Districts

Newmont

Tonnage

(000 tonnes)

Grade

(Zn %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Zn %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Zn %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Zn %)

Tonnes (3)

(000)

Metallurgical

Recovery (3)

Peñasquito, Mexico

100

52,800

0.72

400

172,100

0.57

1,000

224,900

0.60

1,400

9,200

0.5

—

Total Zinc

52,800

0.72

400

172,100

0.57

1,000

224,900

0.60

1,400

9,200

0.5

—

Zinc Resources (1)(2) - December 31, 2024

Measured Resource

Indicated Resource

Measured and Indicated Resource

Inferred Resource

Deposits/Districts

Newmont

Tonnage

(000 tonnes)

Grade

(Zn %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Zn %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Zn %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Zn %)

Tonnes (3)

(000)

Metallurgical

Recovery (3)

Peñasquito, Mexico

100

48,200

0.69

300

163,100

0.55

900

211,300

0.59

1,200

21,100

0.6

100

Total Zinc

48,200

0.69

300

163,100

0.55

900

211,300

0.59

1,200

21,100

0.6

100

____________________________

(1)

Resources are reported exclusive of reserves.

(2)

At December 31, 2025 and 2024, zinc resources were estimated at a zinc price of $1.30 per pound. Tonnage amounts have been rounded to the nearest 100,000.

(3)

Molybdenum Reserves (1)

December 31, 2025

December 31, 2024

Proven Reserves

Probable Reserves

Proven and Probable Reserves

Deposits/Districts

Newmont

Tonnage (2)

(000 tonnes)

Grade

(Mo %)

Tonnes (3)

(000)

Tonnage (2)

(000 tonnes)

Grade

(Mo %)

Tonnes (3)

(000)

Tonnage (2)

(000 tonnes)

Grade

(Mo %)

Tonnes (3)

(000)

Metallurgical

Recovery (3)

Tonnage (2)

(000 tonnes)

Grade

(Mo %)

Tonnes (3)

(000)

Cadia, Australia (4)

100

—

996,400

0.01

100

996,400

0.01

100

1,040,600

0.01

100

NuevaUnión, Chile (5)(6)

—

776,900

0.02

100

776,900

0.02

100

776,900

0.02

100

Total Molybdenum

—

1,773,300

0.01

200

1,773,300

0.01

200

1,817,500

0.01

200

____________________________

(1)

At December 31, 2025 and 2024, molybdenum reserves at sites for which Newmont is the operator were estimated at a molybdenum price of $13 per pound, 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)

(4)

The net smelter return value utilized in 2025 reserves not less than $25 per tonne.

(5)

Project is currently undeveloped. Molybdenum reserves at December 31, 2025 were estimated at a molybdenum price of $10 per pound. Molybdenum reserves at December 31, 2025 and 2024 were provided by the NuevaUnión joint venture.

(6)

Included in the non-operating segment Corporate and Other in Note 4 to the Consolidated Financial Statements.

Molybdenum Resources (1)(2) - December 31, 2025

Measured Resource

Indicated Resource

Measured and Indicated Resource

Inferred Resource

Deposits/Districts

Newmont

Tonnage

(000 tonnes)

Grade

(Mo %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Mo %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Mo %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Mo %)

Tonnes (3)

(000)

Metallurgical

Recovery (3)

Cadia, Australia

100

—

938,100

0.01

100

938,100

0.01

100

124,200

—

NuevaUnión, Chile (4)

159,500

0.01

—

231,500

0.01

—

391,000

0.01

—

362,300

—

Total Molybdenum

159,500

0.01

—

1,169,600

0.01

100

1,329,100

0.01

100

486,500

—

Molybdenum Resources (1)(2) - December 31, 2024

Measured Resource

Indicated Resource

Measured and Indicated Resource

Inferred Resource

Deposits/Districts

Newmont

Tonnage

(000 tonnes)

Grade

(Mo %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Mo %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Mo %)

Tonnes (3)

(000)

Tonnage

(000 tonnes)

Grade

(Mo %)

Tonnes (3)

(000)

Metallurgical Recovery (3)

Cadia, Australia

100

—

1,173,900

0.01

100

1,173,900

0.01

100

509,600

—

NuevaUnión, Chile (4)

159,500

0.01

—

231,500

0.01

—

391,000

0.01

—

362,300

—

Total Molybdenum

159,500

0.01

—

1,405,400

0.01

100

1,564,900

0.01

100

872,000

—

100

____________________________

(1)

Resources are reported exclusive of reserves.

(2)

At December 31, 2025 and 2024, molybdenum resources at sites in which Newmont is the operator were estimated at a molybdenum price of $16 per pound, unless otherwise noted. Tonnage amounts have been rounded to the nearest 100,000.

(3)

(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, 2025 were estimated at a molybdenum price of $10.00 per pound. Molybdenum resources at December 31, 2025 and 2024 were provided by the NuevaUnión joint venture.

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. At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont’s sustainability strategy and initiatives, go to www.newmont.com.

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, 2025 or December 31, 2024, 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, 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.

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 a forward-looking statement 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 and other factors, which could cause actual results to differ materially from future results expressed, projected 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 filed with the U.S. Securities and Exchange Commission (the “SEC”) on or about February 19, 2026, under the heading “Risk Factors", as well as Newmont's other SEC filings, available on the SEC website or at www.newmont.com. Newmont 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.