DENVER, October 23, 2025 – Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) (Newmont or the Company) today announced third quarter 2025 results and declared a dividend of $0.251 per share.

▪Reported Net Income of $1.8 billion, Adjusted Net Income (ANI)2 of $1.9 billion or $1.71 per diluted share, and Adjusted EBITDA2 of $3.3 billion

▪Produced 1.4 million gold ounces, as well as 35 thousand tonnes of copper, primarily from Newmont's core managed operations

▪Improved Newmont's 2025 cost and capital guidance through continued progress on cost savings initiatives and a shift in the timing of capital spend; remain on track to meet Newmont's 2025 production and unit cost guidance3

▪Received net cash proceeds of nearly $640 million from asset and equity sales, including the sale of shares in Orla Mining and Discovery Silver, the receipt of the Akyem contingent payment, and the sale of the Coffee project4

▪In 2025, received more than $3.5 billion in net cash proceeds from announced transactions, including approximately $2.6 billion from divested assets and nearly $900 million from the sale of equity shares5

▪Generated $2.3 billion of cash from operating activities, net of unfavorable working capital impacts of $286 million, primarily driven by the timing of cash collections; reported third-quarter record Free Cash Flow2 of $1.6 billion

▪Returned $823 million of capital to shareholders through share repurchases and dividend payments since the last earnings call6; declared a dividend of $0.25 per share of common stock for the third quarter of 2025

▪Through the date of filing, Newmont has executed and settled total trades of common stock repurchases of $3.3 billion; $2.7 billion remains under the previously authorized programs of $6.0 billion7

▪Reduced debt by $2 billion through the completion of a successful debt tender offer, ending the quarter in a near-zero net debt position with $5.6 billion of cash and $9.6 billion in total liquidity8

▪Received credit rating upgrade by Moody's to A3 with a stable outlook, supported by Newmont's improved credit profile, strengthened balance sheet, excellent liquidity position, and prudent financial management

▪Expect to declare commercial production at the Ahafo North project in Ghana by end of day on October 23, 2025, adding profitable gold production over an initial 13-year mine life

1 Newmont's Board of Directors declared a dividend of $0.25 per share of common stock for the third quarter of 2025, payable on December 22, 2025 to holders of record at the close of business on November 26, 2025.

2 Non-GAAP metrics; see reconciliations at the end of this release.

3 For further details see the 'Fourth Quarter and 2025 Guidance' section below, as well as the discussion of guidance and cautionary statement at the end of this release regarding forward-looking statements.

4 Net proceeds from asset and equity share sales includes $10 million related to the Coffee project received in October.

5 All operating sites and projects previously announced for divestment have been sold as of October 2025. For further details see the 'Divestiture Program Update' section below.

6 Includes $550 million of share repurchases since July 24, 2025, including $179 million of share repurchases settled in October 2025.

7 The share repurchase program will be executed at the Company's discretion. The share repurchase program permits shares to be repurchased in a variety of methods, has no time limit and may be suspended or discontinued at any time. See cautionary statement regarding forward-looking statements at end of this release.

8 Total liquidity as of September 30, 2025 includes $4.0 billion available on a revolving credit facility.

Attributable gold production1 decreased 4 percent to 1,421 thousand ounces from the prior quarter, driven by lower gold grades and planned shutdowns at Peñasquito and Lihir, as well as the end of mining operations at the Subika open pit at Ahafo South in July. These decreases were partially offset by increased production at Brucejack, Cerro Negro, and Yanacocha.

Average realized gold price was $3,539 per ounce, an increase of $219 per ounce over the prior quarter. Average realized gold price includes $3,484 per ounce of gross price received, a favorable impact of $62 per ounce mark-to-market on provisionally-priced sales and reductions of $7 per ounce for treatment and refining charges.

Gold Costs Applicable to Sales (CAS)2 totaled $1.6 billion for the quarter. Gold Co-Product CAS per ounce3 of $1,185 was slightly lower than the prior quarter as Newmont's continued focus on cost discipline and productivity offset lower sales volumes and higher royalties, production taxes and costs from profit-sharing agreements associated with a stronger gold price environment. Gold By-Product CAS per ounce3 was $831 for the quarter.

Gold Co-Product All-In Sustaining Costs (AISC) per ounce3 of $1,566 was slightly lower than the prior quarter. Building from CAS per ounce, the decrease was primarily due to lower G&A and other expenses, partially offset by higher sustaining capital spend. Gold By-Product AISC per ounce3 was $1,303 for the quarter.

Net income attributable to Newmont stockholders was $1.8 billion or $1.67 per diluted share, a decrease of $229 million from the prior quarter. This decrease was primarily driven by a gain on the sale of assets held for sale of $99 million compared to a gain of $699 million in the prior quarter; partially offset by higher revenues due to a higher realized gold price, slightly lower CAS, a smaller net gain on the fair value of investments and options of $38 million compared to a net gain of $151 million in the prior quarter, and a decrease of $305 million in lower income and mining taxes.

Adjusted net income4 for the quarter was $1.9 billion or $1.71 per diluted share, compared to $1.6 billion or $1.43 per diluted share in the prior quarter. Primary adjustments to third quarter net income include a net gain on the sale of assets held for sale of $99 million primarily related to a partial reversal of the prior period write-down on the Coffee development project, restructuring and severance costs of $85 million, a loss on debt extinguishment of $72 million, reclamation and remediation charges of $41 million primarily related to legacy non-operating mines, impairment charges of $39 million primarily related to assets no longer in use, and a net gain on the fair value of investments and options of $38 million.

Adjusted EBITDA4 increased 10 percent to $3.3 billion, while EBITDA decreased 16 percent to $3.2 billion compared to the prior quarter. The decrease in EBITDA was primarily driven by lower net income. Adjusted EBITDA excludes net adjustments totaling $107 million, primarily consisting of a partial reversal of the prior period write-down on assets held of sale, restructuring and severance costs, a loss on debt extinguishment, reclamation and remediation charges, impairment charges, and a net gain in the value of investments and options.

Consolidated cash from operations before working capital5 increased 16 percent from the prior quarter to $2.6 billion primarily due to higher revenue from a higher realized gold price and slightly lower CAS.

Consolidated net cash from operating activities decreased 4 percent from the prior quarter to $2.3 billion primarily due to a net unfavorable working capital movement of $286 million. This working capital movement was primarily driven by an increase in accounts receivable of $369 million from the timing of cash collections, the continued cash spend for previously accrued reclamation activities of $247 million, primarily related to the ongoing construction of the Yanacocha water treatment plants, and a build in inventory and stockpiles of $106 million. These unfavorable working capital adjustments were partially offset by an accrual of other liabilities of $217 million, primarily related to severance and employee-related liabilities, and an accrual for future tax payments of $173 million.

Income and mining cash tax paid decreased 9 percent from the prior quarter to $588 million due to lower net income attributable to Newmont shareholders, as well as higher cash tax paid in the prior quarter from the closing of non-core asset divestments, primarily related to Akyem.

Free Cash Flow7 decreased 8 percent from the prior quarter to $1.6 billion primarily due to a decrease in net cash provided by operating activities as a result of an unfavorable working capital impact in the current quarter compared to a favorable working capital benefit in the prior quarter, as well as higher capital investment.

Balance sheet and liquidity remained strong in the third quarter, ending with $5.6 billion of cash and cash equivalents, after the reduction of debt by $2.0 billion, with $9.6 billion of total liquidity; ended the quarter in a near-zero net debt position of $12 million.8

Non-Managed Joint Venture and Equity Method Investments9

Nevada Gold Mines (NGM) attributable gold production increased 5 percent to 251 thousand ounces, with a 14 percent decrease in CAS per ounce to $1,241 per ounce3. AISC per ounce decreased 15 percent from the prior quarter to $1,502 per ounce3.

Pueblo Viejo (PV) attributable gold production increased 14 percent to 72 thousand ounces compared to the prior quarter. Cash distributions received for the Company's equity method investment in Pueblo Viejo totaled $26 million in the third quarter. No capital contributions were made during the quarter related to the expansion project at Pueblo Viejo.

Fruta del Norte attributable gold production is reported on a quarter lag. Production reported in the third quarter of 2025 increased 16 percent to 44 thousand ounces compared to the prior quarter. Cash distributions received from the Company's equity method investment in Fruta del Norte were $61 million for the third quarter.

1 Attributable gold production includes ounces from the Company's equity method investment in Pueblo Viejo (40%) and in Lundin Gold (32%).

2 Consolidated Costs applicable to sales (CAS) excludes Depreciation and amortization and Reclamation and remediation.

3 Non-GAAP measure. See end of this release for reconciliation to Costs applicable to sales.

4 Non-GAAP measure. See end of this release for reconciliation to Net income (loss) attributable to Newmont stockholders.

5 Cash from operations before working capital is a non-GAAP metric with the most directly comparable GAAP financial metric being to Net cash provided by (used in) operating activities, as shown reconciled in the Condensed Consolidated Statements of Cash Flows.

6 Capital expenditures refers to Additions to property plant and mine development from the Consolidated Statements of Cash Flows.

7 Non-GAAP measure. See end of this release for reconciliation to Net cash provided by operating activities.

8 Non-GAAP measure. See end of this release for reconciliation.

9 Newmont has a 38.5% interest in Nevada Gold Mines, which is accounted for using the proportionate consolidation method. In addition, Newmont has a 40% interest in Pueblo Viejo, which is accounted for as an equity method investment, as well as a 32% interest in Lundin Gold, who wholly owns and operates the Fruta del Norte mine, which is accounted for as an equity method investment on a quarter lag.

Newmont has made significant progress on the cost savings initiatives announced in February 2025, enabling the Company to improve its 2025 guidance for several cost metrics, while maintaining its outlook for production and unit costs in a rising gold price environment. In addition, the Company has improved its capital guidance, reflecting a shift in the timing of spend to next year. Newmont's fourth quarter and full year 2025 guidance, presented on a full portfolio basis, is provided below. Please see the cautionary statement and footnotes for additional information.

a 2025 guidance projections are considered forward-looking statements and represent management’s good faith estimates or expectations of future production results as of October 23, 2025. Guidance is based upon certain assumptions, including, but not limited to, metal prices, oil prices, certain exchange rates and other assumptions. Production, CAS, AISC and capital estimates exclude projects that have not yet been approved. The potential impact on inventory valuation as a result of lower prices, input costs, and project decisions are not included as part of this Outlook. Assumptions used for purposes of Guidance may prove to be incorrect and actual results may differ from those anticipated, including variation beyond a +/-5% range. See cautionary statement at the end of this release.

b Guidance for non-core assets includes Akyem, CC&V, Porcupine, Éléonore, and Musselwhite, and reflects attributable gold production. The sale of CC&V, Éléonore, and Musselwhite closed on February 28, 2025 and the sale of Akyem and Porcupine closed April 15, 2025. See cautionary statement at the end of this release.

c Sustaining capital is presented on an attributable basis; Capital guidance excludes amounts attributable to the Pueblo Viejo joint venture.

d The adjusted tax rate excludes certain items such as tax valuation allowance adjustments.

e Based on metal price assumptions and achievement of current production, sales and cost estimates, Newmont estimates its consolidated adjusted effective tax rate related to continuing operations for 2025 will be 33%.

Strong execution across Newmont's managed operations has positioned the Company to achieve its full-year attributable production guidance from the Core Portfolio. Fourth quarter attributable production is expected to be relatively in line with the third quarter, primarily driven by new ounces from Ahafo North and production growth from the non-operated Nevada Gold Mines joint venture. These increases are expected to be offset by lower leach production at Yanacocha as mining concludes in the fourth quarter and lower grades at Ahafo South as mining in the Subika open pit has concluded as planned.

Newmont is beginning to capture the benefits from its cost savings initiatives, leading to an improvement of its 2025 guidance for General & Administrative spend by $85 million and Exploration & Advanced Projects spend by $75 million, driven by lower labor and contractor costs across the organization. In addition, 2025 guidance for Reclamation and Remediation Accretion has improved by $125 million and Interest Expense has improved by $45 million following the reduction of nearly $3.4 billion of debt during the year.

Newmont's 2025 CAS per ounce and AISC per ounce guidance remains unchanged, as improvements from favorable macroeconomic conditions and the Company's cost savings initiatives are largely offset by higher royalties, production taxes, and costs from profit-sharing agreements associated with a stronger gold price environment.

Newmont has improved its 2025 capital guidance, reflecting lower sustaining and development capital spend. Sustaining capital has improved by $150 million primarily due to the timing of spend related to the investment in tailings work at Cadia and ensuring capital is deployed in the most efficient manner. Similarly, development capital has improved by $50 million primarily due to the timing of study and underground development activities supporting the potential expansion project at Red Chris. As a result, 2025 full-year capital guidance has improved by $200 million in total.

Compared to the previous quarter, fourth quarter free cash flow is expected to be adversely impacted by the continued increase in spending on construction of the Yanacocha water treatment facilities as well as planned severance payments that were accrued for in the third quarter.

Newmont's attributable gold production for 2026 is expected to be within the same guidance range provided for 2025, but toward the lower end, due to the planned mine sequence at its managed operations. As previously indicated, lower ounces from Ahafo South next year are expected to be largely replaced by new, low cost ounces from the Ahafo North mine. In addition, a lower proportion of gold production is expected at Peñasquito as the site transitions into the next scheduled phase of mining at the Peñasco pit, while slightly increasing the output of silver, lead, and zinc. Newmont also expects lower leach production from Yanacocha as mining activities are concluded at the Quecher Main pit, and lower gold and copper production from Cadia during the transition to the next panel cave.

Building on the cost and productivity improvements achieved in 2025, the Company expects to realize the full benefits of its cost savings initiatives, which will be reflected in the 2026 guidance to be provided next year. However, these benefits could be offset by increased profit-sharing, royalties, and production taxes if gold prices remain elevated into 2026.

Following the improvements to 2025 capital guidance, capital spending in 2026 is anticipated to increase as key projects advance, including the tailings work at Cadia and the potential expansion project at Red Chris, keeping the two-year average largely in line with expectations.

In February 2024, Newmont announced the intention to divest its non-core assets, including six operations and two projects from its Australian, Ghanaian and North American business units. As of April 15, 2025, Newmont completed the sales for all non-core operations and its 70 percent interest in the Havieron project.

On September 15, 2025, Newmont announced the agreement to sell the remaining Coffee project in Yukon, Canada to Fuerte Metals Corporation ("Fuerte"). The transaction closed on October 17. Under the terms of the agreement, Newmont expects to receive gross proceeds of up to $150 million, which includes:

•Cash consideration of $10 million, received upon closing

•Equity consideration of $40 million in the form of Fuerte shares, as valued in the transaction agreement

•A 3.0% Net Smelter Return royalty on the Coffee Project, which Fuerte retains the option to repurchase for up to $100 million upon commercial production

With the closure of the Coffee project sale, Newmont has completed the divestment of all assets previously classified as held-for-sale in its financial statements.

Additionally, since the last earnings call Newmont sold its entire equity stake in Orla Mining (received as part of the Goldcorp acquisition in 2019). Net cash proceeds after taxes and commissions of nearly $640 million were received since June, detailed as follows:

•Orla Mining - $428 million

•Discovery Silver (previously announced transaction; portion closed in July 2025) - $140 million

•Akyem Mining Lease Ratification Contingent Payment - $56 million ($100 million payment net of $44 million taxes)

•Coffee Project (cash payment received in October) - $10 million

Total proceeds from announced transactions are expected to be up to $4.9 billion including contingent payments and closing adjustments. Of the total proceeds, $2.6 billion of net cash proceeds from divested assets and projects have been received year-to-date in 2025, as well as nearly $900 million from equity shares.

For details on Newmont’s key projects currently in execution, refer to the Company’s Fourth Quarter 2024 Earnings and 2025 Guidance press release, issued on February 20, 2025, and available on Newmont.com. Additional project updates will be provided as they become available. Please refer to the cautionary statement and footnotes for further information.

Since mines operate for a finite period, careful closure planning is crucial to address the diverse social, economic, environmental, and regulatory impacts associated with the end of mining operations. Newmont’s global Closure Strategy integrates closure planning throughout each operation’s lifespan, aiming to create enduring positive and sustainable legacies that last long after mining ceases. Newmont continues to recognize reclamation and remediation expense throughout the year. In the nine months ended September 30, 2025, Newmont spent $527 million on reclamation activities, including $336 million on the construction of water treatment plants at Yanacocha, with the fourth quarter planned to be the highest of the year. The Company remains on track to spend $800 million on reclamation for the full year, inclusive of up to $600 million allocated to the Yanacocha water treatment plants. Newmont anticipates spend on the Yanacocha water treatment plants to be similar in 2026 before beginning to decline in 2027 when the project is expected to be completed. Additional updates on reclamation spend will be provided as available.

(1)Attributable gold ounces sold excludes ounces related to the Pueblo Viejo mine, which is 40% owned by Newmont and accounted for as an equity method investment, and the Fruta del Norte mine, which is wholly owned by Lundin Gold, in which the Company holds a 32% interest and is accounted for as an equity method investment.

(2)Represents attributable gold from Newmont's 40% interest in Pueblo Viejo, which is accounted for as an equity method investment. Attributable gold ounces produced at Pueblo Viejo are not included in attributable gold ounces sold, as noted in footnote (1). Income and expenses of equity method investments are included in Equity income (loss) of affiliates.

(3)Represents attributable gold from Newmont's 32% interest in Lundin Gold, which wholly owns and operates the Fruta del Norte mine and is accounted for on a quarterly lag as an equity method investment. Attributable gold ounces produced by Lundin Gold represent prior quarter production and are not included in attributable gold ounces sold, as noted in footnote (1). Income and expenses of equity method investments are included in Equity income (loss) of affiliates.

(4)Non-core assets include asset divestitures which closed prior to September 30, 2025 including: Telfer, CC&V, Musselwhite, Éléonore, Akyem, and Porcupine. See Divestiture Program Update in this release for further details.

(5)Non-GAAP measure. See end of this release for reconciliation.

(1)Certain amounts have been reclassified to conform to the current presentation.

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

(3)Relates to the Suriname Gold project C.V. (“Merian”) reportable segment.

(1)Certain amounts have been reclassified to conform to the current presentation.