Newmont Reports 2020 Mineral Reserves of 94 Million Gold Ounces Replacing 80 Percent of Depletion

95.7

4.9

1.1

(7.5

)

94.2

MEASURED & INDICATED GOLD RESOURCES⁴

74.1

29.4

3.4

3.5

1.2

0.3

(1.8

)

(0.2

)

(7.3

)

(1.4

)

69.6

31.6

Years Ended December 31,

2020

2019

Gold Reserves (US$/oz.)

$1,200

$1,200

Gold Resources (US$/oz.)

$1,400

$1,400

Copper Reserves (US$/lb.)

$2.75

$2.75

Copper Resources (US$/lb.)

$3.25

$3.25

Silver Reserves (US$/oz.)

$17.00

$16.00

Silver Resources (US$/oz.)

$20.00

$20.00

Zinc Reserves (US$/lb.)

$1.15

$1.20

Zinc Resources (US$/lb.)

$1.40

$1.45

Lead Reserves (US$/lb.)

$0.90

$0.95

Lead Resources (US$/lb.)

$1.10

$1.15

Australian Dollar (A$:US$)

$0.75

$0.75

Canadian Dollar (C$:US$)

$0.77

$0.77

Mexican Peso (M$:US$)

$19.50

$19.50

West Texas Intermediate (US$/bbl.)

$50

$60

¹

Newmont's reported 2019 gold Mineral Reserves of 100.2 million ounces, gold Measured and Indicated Mineral Resources of 76.7 million ounces, and gold Inferred Mineral Resources of 31.3 million ounces were adjusted for the sale of Red Lake and the Company's 50 percent interest in Kalgoorlie Consolidated Gold Mines (KCGM), which occurred during first quarter of 2020. Combined, these sites represented approximately 4.5 million ounces of gold Mineral Reserves and 2.6 million ounces of Measured and Indicated Mineral Resources (resources), bringing Newmont's adjusted 2019 gold Mineral Reserves to 95.7 million ounces and gold Measured and Indicated Mineral Resources to 74.1 million ounces. Newmont's adjusted 2019 Inferred gold Mineral Resources were 29.4 million ounces, after removal of 1.9 million ounces for the sale of Red Lake and KCGM.

²

Gold Equivalent Ounces calculated using Mineral Reserve pricing as shown in the Key Reserves and Resource Assumptions table above and metallurgical recoveries for each metal on a site by site basis.

³

2019 Gold Reserves are adjusted for divestiture of Red Lake and KCGM.

⁴

2019 Measured & Indicated Gold Resource and 2019 Inferred Gold Resource adjusted for divestiture of Red Lake and KCGM.

Attributable Proven, Probable and Combined Gold Reserves ⁽¹⁾, Metric Units

December 31, 2020

December 31, 2019

Proven Reserves

Probable Reserves

Proven and Probable Reserves

Proven and Probable Reserves

Newmont

Tonnage ⁽²⁾

Grade

Gold ⁽³⁾

Tonnage ⁽²⁾

Grade

Gold ⁽³⁾

Tonnage ⁽²⁾

Grade

Gold ⁽³⁾

Metallurgical

Tonnage ⁽²⁾

Grade

Gold ⁽³⁾

Deposits/Districts

Share

(x1000 tonnes)

(g/tonne)

(x1000 ozs)

(x1000 tonnes)

(g/tonne)

(x1000 ozs)

(x1000 tonnes)

(g/tonne)

(x1000 ozs)

Recovery

(x1000 tonnes)

(g/tonne)

(x1000 ozs)

North America

CC&V Open Pits ⁽⁴⁾

100

%

85,300

0.50

1,370

19,900

0.38

240

105,200

0.48

1,610

62

%

118,500

0.50

1,910

CC&V Leach Pads ⁽⁵⁾

100

%

-

-

33,000

0.82

880

33,000

0.82

880

57

%

31,600

0.88

890

Total CC&V, Colorado

85,300

0.50

1,370

52,900

0.66

1,120

138,200

0.56

2,490

61

%

150,100

0.58

2,800

Red Lake, Canada ⁽⁶⁾

100

%

-

-

-

-

-

-

-

%

4,600

8.68

1,300

Musselwhite, Canada ⁽⁷⁾

100

%

1,900

6.24

380

7,000

6.25

1,410

8,900

6.25

1,790

95

%

9,900

6.52

2,090

Porcupine Underground ⁽⁸⁾

100

%

2,200

7.86

550

2,800

6.14

550

5,000

6.90

1,100

91

%

4,900

7.33

1,150

Porcupine Open Pit ⁽⁹⁾

100

%

8,200

1.53

410

34,100

1.40

1,540

42,300

1.43

1,950

94

%

44,600

1.16

1,670

Total Porcupine, Canada

10,400

2.87

960

36,900

1.76

2,090

47,300

2.01

3,050

93

%

49,500

1.77

2,820

Éléonore, Canada ⁽¹⁰⁾

100

%

1,400

5.75

260

6,400

4.84

1,000

7,800

5.00

1,260

93

%

7,400

5.31

1,280

Peñasquito Open Pit

100

%

100,100

0.64

2,060

248,100

0.58

4,620

348,200

0.60

6,680

71

%

409,700

0.60

7,860

Peñasquito Stockpiles

100

%

11,800

0.65

250

27,800

0.19

170

39,600

0.33

420

53

%

31,800

0.22

220

Total Peñasquito, Mexico ⁽¹¹⁾

111,900

0.64

2,310

275,900

0.54

4,790

387,800

0.57

7,100

70

%

441,500

0.57

8,080

TOTAL NORTH AMERICA

210,900

0.78

5,280

379,100

0.85

10,410

590,000

0.83

15,690

78

%

663,000

0.86

18,370

South America

Yanacocha Open Pits ⁽¹²⁾

51.35

%

5,800

0.64

120

89,300

0.66

1,900

95,100

0.66

2,020

60

%

107,700

0.65

2,260

Yanacocha Underground ⁽¹³⁾

51.35

%

-

-

7,000

6.20

1,390

7,000

6.20

1,390

97

%

6,000

6.88

1,310

Total Yanacocha, Peru

5,800

0.64

120

96,300

1.06

3,290

102,100

1.04

3,410

75

%

113,700

0.98

3,570

Merian, Suriname ⁽¹⁴⁾

75

%

50,100

1.30

2,100

57,400

1.01

1,870

107,500

1.15

3,970

93

%

87,700

1.23

3,480

Cerro Negro, Argentina ⁽¹⁵⁾

100

%

2,400

8.35

630

6,600

9.10

1,940

9,000

8.90

2,570

91

%

8,400

9.70

2,600

Pueblo Viejo Open Pits

40

%

9,500

2.41

730

10,100

2.27

740

19,600

2.34

1,470

91

%

12,300

2.70

1,070

Pueblo Viejo Stockpiles ⁽¹⁶⁾

40

%

-

-

35,800

2.30

2,640

35,800

2.30

2,640

89

%

35,300

2.41

2,740

Total Pueblo Viejo, Dominican Republic⁽¹⁷⁾

9,500

2.41

730

45,900

2.29

3,380

55,400

2.31

4,110

90

%

47,600

2.49

3,810

NuevaUnión, Chile ⁽¹⁸⁾

50

%

-

-

341,100

0.47

5,110

341,100

0.47

5,110

66

%

341,100

0.47

5,150

Norte Abierto, Chile ⁽¹⁹⁾

50

%

-

-

598,800

0.60

11,620

598,800

0.60

11,620

74

%

598,800

0.60

11,620

TOTAL SOUTH AMERICA

67,800

1.65

3,580

1,146,100

0.74

27,210

1,213,900

0.79

30,790

79

%

1,197,300

0.79

30,230

Australia

Boddington Open Pit ⁽²⁰⁾

100

%

247,100

0.68

5,430

287,600

0.66

6,060

534,700

0.67

11,490

85

%

481,000

0.69

10,720

Boddington Stockpiles ⁽¹⁶⁾

100

%

1,600

0.79

40

84,800

0.43

1,160

86,400

0.43

1,200

78

%

85,300

0.44

1,210

Total Boddington, Western Australia

248,700

0.69

5,470

372,400

0.60

7,220

621,100

0.64

12,690

85

%

566,300

0.65

11,930

Tanami, Northern Territory ⁽²¹⁾

100

%

14,600

4.89

2,290

21,600

5.15

3,580

36,200

5.05

5,870

98

%

33,200

5.31

5,680

Kalgoorlie Open Pit and Underground

50

%

-

-

-

-

-

-

-

%

24,100

2.02

1,560

Kalgoorlie Stockpiles

50

%

-

-

-

-

-

-

-

%

65,000

0.76

1,580

Total Kalgoorlie, Western Australia ⁽²²⁾

-

-

-

-

-

-

-

%

89,100

1.10

3,140

TOTAL AUSTRALIA

263,300

0.92

7,760

394,000

0.85

10,800

657,300

0.88

18,560

89

%

688,600

0.94

20,750

Africa

Ahafo South Open Pits ⁽²³⁾

100

%

11,900

2.41

910

38,100

1.75

2,140

50,000

1.90

3,050

90

%

57,200

1.90

3,490

Ahafo South Underground ⁽²⁴⁾

100

%

7,500

3.91

950

9,600

3.23

990

17,100

3.53

1,940

94

%

14,500

3.29

1,540

Ahafo South Stockpiles ⁽¹⁶⁾

100

%

36,200

0.92

1,070

-

-

36,200

0.92

1,070

88

%

38,300

0.92

1,140

Total Ahafo South, Ghana

55,600

1.64

2,930

47,700

2.04

3,130

103,300

1.82

6,060

91

%

110,000

1.74

6,170

Ahafo North, Ghana ⁽²⁵⁾

100

%

-

-

45,100

2.40

3,480

45,100

2.40

3,480

91

%

45,100

2.40

3,470

Akyem Open Pit ⁽²⁶⁾

100

%

17,100

1.67

920

17,100

1.73

950

34,200

1.70

1,870

91

%

38,900

1.70

2,120

Akyem Stockpiles ⁽¹⁶⁾

100

%

15,100

0.82

400

-

-

15,100

0.82

400

90

%

16,400

0.88

460

Total Akyem, Ghana

32,200

1.27

1,320

17,100

1.73

950

49,300

1.43

2,270

90

%

55,300

1.46

2,580

TOTAL AFRICA

87,800

1.51

4,250

109,900

2.14

7,560

197,700

1.86

11,810

91

%

210,400

1.81

12,220

Nevada

NGM Open Pits

38.5

%

10,500

1.68

570

123,800

1.22

4,870

134,300

1.26

5,440

70

%

151,700

1.22

5,940

NGM Stockpiles ⁽¹⁶⁾

38.5

%

33,300

2.36

2,530

-

-

33,300

2.36

2,530

71

%

37,100

2.38

2,830

NGM Underground

38.5

%

15,200

10.07

4,930

14,500

9.61

4,490

29,700

9.85

9,420

88

%

30,300

10.14

9,830

Total NGM ⁽²⁷⁾

59,000

4.23

8,030

138,300

2.11

9,360

197,300

2.74

17,390

80

%

219,100

2.64

18,600

TOTAL NEVADA

59,000

4.23

8,030

138,300

2.11

9,360

197,300

2.74

17,390

80

%

219,100

2.64

18,600

TOTAL NEWMONT

688,800

1.31

28,900

2,167,400

0.94

65,340

2,856,200

1.03

94,240

82

%

2,978,400

1.05

100,170

⁽¹⁾

See cautionary statement regarding reserves and resources on page 15 hereof. 2020 and 2019 reserves were estimated at a gold price of $1,200 per ounce unless otherwise noted.

⁽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 2020 reserves were as follows: oxide mill material not less than 0.89 gram per tonne and leach material not less than 0.16 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⁾

Red Lake was sold during 2020 and classified as held for sale as of December 31, 2019.

⁽⁷⁾

Cut-off grade utilized in 2020 reserves not less than 3.45 gram per tonne.

⁽⁸⁾

Cut-off grade utilized in 2020 reserves not less than 2.50 gram per tonne.

⁽⁹⁾

Cut-off grade utilized in 2020 reserves not less than 0.44 gram per tonne.

⁽¹⁰⁾

Cut-off grade utilized in 2020 reserves not less than 4.50 gram per tonne.

⁽¹¹⁾

Gold cut-off grade varies with level of silver, lead and zinc credits.

⁽¹²⁾

Gold cut-off grades utilized in 2020 reserves were as follows: oxide leach material not less than 0.13 gram per tonne; oxide mill material not less than 0.49 gram per tonne; and refractory mill material not less than 1.49 gram per tonne.

⁽¹³⁾

Gold cut-off grades utilized in 2020 reserves not less than 2.10 gram per tonne.

⁽¹⁴⁾

Cut-off grade utilized in 2020 reserves not less than 0.31 gram per tonne.

⁽¹⁵⁾

Cut-off grade utilized in 2020 reserves not less than 5.85 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⁾

Reserve estimates provided by Barrick, the operator of Pueblo Viejo.

⁽¹⁸⁾

Project is currently undeveloped. Reserve estimates provided by the NuevaUnión joint venture.

⁽¹⁹⁾

Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture

⁽²⁰⁾

Gold cut-off grade varies with level of copper credits.

⁽²¹⁾

Cut-off grade utilized in 2020 reserves not less than 1.70 gram per tonne.

⁽²²⁾

Kalgoorlie was sold during 2020 and classified as held for sale as of December 31, 2019.

⁽²³⁾

Cut-off grade utilized in 2020 reserves not less than 0.67 gram per tonne.

⁽²⁴⁾

Cut-off grade utilized in 2020 reserves not less than 3.10 gram per tonne.

⁽²⁵⁾

Includes undeveloped reserves in the Ahafo trend totaling 3.4 million ounces. Cut-off grade utilized in 2020 reserves not less than 0.50 gram per tonne.

⁽²⁶⁾

Cut-off grade utilized in 2020 reserves not less than 0.57 gram per tonne.

⁽²⁷⁾

Reserve estimates provided by Barrick, the operator of the NGM joint venture.

Attributable Gold Mineral Resources ⁽¹⁾⁽²⁾ - December 31, 2020, Metric Units

Measured Resource

Indicated Resource

Measured and Indicated
Resource ⁽³⁾

Inferred Resource

Newmont

Tonnage

Grade

Gold

Tonnage

Grade

Gold

Tonnage

Grade

Gold

Tonnage

Grade

Gold

Deposits/Districts

Share

(x1000 tonnes)

(g/tonne)

(x1000 ozs)

(x1000 tonnes)

(g/tonne)

(x1000 ozs)

(x1000 tonnes)

(g/tonne)

(x1000 ozs)

(x1000 tonnes)

(g/tonne)

(x1000 ozs)

North America

CC&V, Colorado

100

%

103,200

0.42

1,400

57,800

0.38

710

161,000

0.41

2,110

20,000

0.35

220

Musselwhite, Canada

100

%

900

4.00

110

1,900

3.72

230

2,800

3.81

340

2,700

4.65

410

Porcupine Underground

100

%

100

5.41

20

500

6.68

110

600

6.42

130

1,900

4.20

260

Porcupine Open Pit

100

%

1,400

0.72

30

83,300

1.40

3,750

84,700

1.39

3,780

77,100

1.24

3,070

Total Porcupine, Canada

1,500

1.04

50

83,800

1.43

3,860

85,300

1.43

3,910

79,000

1.31

3,330

Éléonore, Canada

100

%

300

5.13

50

2,700

4.44

390

3,000

4.51

440

2,500

5.65

460

Peñasquito, Mexico

100

%

34,900

0.28

310

241,900

0.27

2,110

276,800

0.27

2,420

150,900

0.40

1,910

Noche Buena, Mexico

50

%

-

-

27,500

0.37

330

27,500

0.37

330

2,500

0.22

20

Coffee, Canada

100

%

1,000

2.01

60

54,500

1.19

2,080

55,500

1.20

2,140

6,800

1.07

230

Galore Creek, Canada ⁽⁴⁾

50

%

128,400

0.36

1,510

423,400

0.23

3,120

551,800

0.26

4,630

99,100

0.21

670

TOTAL NORTH AMERICA

270,200

0.40

3,490

893,500

0.45

12,830

1,163,700

0.44

16,320

363,500

0.62

7,250

South America

Conga, Peru

51.35

%

-

-

356,300

0.65

7,490

356,300

0.65

7,490

118,400

0.39

1,480

Yanacocha Open Pit

51.35

%

4,400

0.45

70

66,600

0.43

930

71,000

0.44

1,000

98,700

0.81

2,560

Yanacocha Underground

51.35

%

-

6.29

10

1,800

6.28

370

1,800

6.28

380

1,900

4.93

300

Total Yanacocha, Peru

4,400

0.57

80

68,400

0.59

1,300

72,800

0.59

1,380

100,600

0.88

2,860

Merian, Suriname

75

%

7,300

0.92

220

38,400

1.07

1,320

45,700

1.05

1,540

32,600

0.86

900

Cerro Negro Underground

100

%

100

4.68

10

7,000

7.15

1,600

7,100

7.11

1,610

2,600

7.62

630

Cerro Negro Open Pit

100

%

900

4.40

130

1,000

4.09

130

1,900

4.24

260

100

3.49

10

Total Cerro Negro, Argentina

100

%

1,000

4.43

140

8,000

6.77

1,730

9,000

6.51

1,870

2,700

7.52

640

Pueblo Viejo, Dominican Republic ⁽⁵⁾

40

%

34,800

2.02

2,260

56,700

1.88

3,430

91,500

1.93

5,690

27,500

1.79

1,580

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

Norte Abierto, Chile ⁽⁷⁾

50

%

77,300

0.61

1,500

596,900

0.49

9,310

674,200

0.50

10,810

369,600

0.37

4,370

Aqua 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

TOTAL SOUTH AMERICA

271,500

0.62

5,420

1,380,400

0.62

27,490

1,651,900

0.62

32,910

1,031,100

0.46

15,290

Australia

Boddington, Western Australia

100

%

62,500

0.51

1,030

149,300

0.51

2,460

211,800

0.51

3,490

3,900

0.45

60

Tanami Open Pit

100

%

3,600

1.85

210

14,200

1.75

800

17,800

1.77

1,010

7,600

2.07

510

Tanami Underground

100

%

300

2.71

30

3,000

4.63

450

3,300

4.46

480

12,000

5.71

2,200

Total Tanami, Northern Territory

100

%

3,900

1.91

240

17,200

2.25

1,250

21,100

2.19

1,490

19,600

4.29

2,710

TOTAL AUSTRALIA

66,400

0.60

1,270

166,500

0.69

3,710

232,900

0.67

4,980

23,500

3.65

2,770

Africa

Ahafo South

100

%

500

0.63

10

24,800

1.15

920

25,300

1.14

930

12,300

1.36

540

Ahafo Underground

100

%

-

-

15,900

3.96

2,020

15,900

3.96

2,020

6,400

3.30

680

Total Ahafo South, Ghana

500

0.63

10

40,700

2.25

2,940

41,200

2.23

2,950

18,700

2.03

1,220

Ahafo North Open Pits, Ghana

100

%

2,000

1.24

80

8,300

1.99

530

10,300

1.84

610

7,100

1.78

410

Akyem Open Pits

100

%

900

0.54

20

1,400

0.54

30

2,300

0.54

50

2,600

1.20

100

Akyem Underground

100

%

-

-

5,300

3.85

650

5,300

3.85

650

3,700

3.31

390

Total Akyem, Ghana

900

0.54

20

6,700

3.16

680

7,600

2.86

700

6,300

2.42

490

TOTAL AFRICA

3,400

0.96

110

55,700

2.32

4,150

59,100

2.24

4,260

32,100

2.05

2,120

Nevada

NGM Open Pits and Stockpiles

38.5

%

17,100

1.56

860

159,300

0.98

5,020

176,400

1.04

5,880

53,300

0.78

1,330

NGM Underground

38.5

%

5,900

7.11

1,340

19,100

6.43

3,950

25,000

6.59

5,290

12,600

6.91

2,790

Total NGM ⁽⁹⁾

23,000

2.97

2,200

178,400

1.56

8,970

201,400

1.72

11,170

65,900

1.94

4,120

TOTAL NEVADA

23,000

2.97

2,200

178,400

1.56

8,970

201,400

1.72

11,170

65,900

1.94

4,120

TOTAL NEWMONT

634,500

0.61

12,490

2,674,500

0.67

57,150

3,309,000

0.65

69,640

1,516,100

0.65

31,550

⁽¹⁾

Resources are reported exclusive of reserves.

⁽²⁾

Resources are estimated at a gold price of $1,400 per ounce for 2020 and 2019. 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⁾

Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's 10-K filing.

⁽⁴⁾

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

⁽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 Aqua Rica joint venture.

⁽⁹⁾

Resource estimates provided by Barrick, the operator of the NGM joint venture.

Attributable Copper Reserves ⁽¹⁾ Metric Units

December 31, 2020

December 31, 2019

Proven Reserves

Probable Reserves

Proven and Probable Reserves

Proven and Probable Reserves

Newmont

Tonnage ⁽²⁾

Grade

Copper ⁽³⁾

Tonnage ⁽²⁾

Grade

Copper ⁽³⁾

Tonnage ⁽²⁾

Grade

Copper ⁽³⁾

Metallurgical

Tonnage ⁽²⁾

Grade

Copper ⁽³⁾

Deposits/Districts

Share

(x1000 tonnes)

(Cu %)

(Tonnes)

(x1000 tonnes)

(Cu %)

(Tonnes)

(x1000 tonnes)

(Cu %)

(Tonnes)

Recovery

(x1000 tonnes)

(Cu %)

(Tonnes)

South America

Yanacocha Open Pits and Underground, Peru ⁽⁴⁾

51.35

%

-

-

57,700

0.62

%

360,000

57,700

0.62

%

360,000

83

%

53,600

0.63

%

340,000

NuevaUnión, Chile ⁽⁵⁾

50

%

-

-

1,118,000

0.40

%

4,440,000

1,118,000

0.40

%

4,440,000

88

%

1,118,000

0.40

%

4,420,000

Norte Abierto, Chile ⁽⁶⁾

50

%

-

-

598,800

0.22

%

1,310,000

598,800

0.22

%

1,310,000

87

%

598,800

0.22

%

1,310,000

TOTAL SOUTH AMERICA

-

-

1,774,500

0.34

%

6,110,000

1,774,500

0.34

%

6,110,000

87

%

1,770,400

0.34

%

6,070,000

Australia

Boddington Open Pit, Western Australia ⁽⁷⁾

100

%

247,100

0.10

%

240,000

287,600

0.11

%

330,000

534,700

0.11

%

570,000

82

%

481,000

0.10

%

490,000

Boddington Stockpiles, Western Australia ⁽⁸⁾

100

%

1,600

0.10

%

-

84,800

0.09

%

70,000

86,400

0.09

%

70,000

75

%

85,300

0.09

%

70,000

TOTAL AUSTRALIA

248,700

0.10

%

240,000

372,400

0.11

%

400,000

621,100

0.10

%

640,000

81

%

566,300

0.10

%

560,000

Nevada

NGM, Nevada ⁽⁹⁾

38.5

%

14,100

0.20

%

30,000

68,500

0.17

%

120,000

82,600

0.18

%

150,000

64

%

97,100

0.18

%

170,000

TOTAL NEVADA

14,100

0.20

%

30,000

68,500

0.17

%

120,000

82,600

0.18

%

150,000

64

%

97,100

0.18

%

170,000

TOTAL NEWMONT

262,800

0.10

%

270,000

2,215,400

0.30

%

6,630,000

2,478,200

0.28

%

6,900,000

86

%

2,433,800

0.28

%

6,800,000

⁽¹⁾

See footnote ⁽¹⁾ to the Gold Reserves table above. Copper reserves for 2020 and 2019 were estimated at a copper price of $2.75 per pound.

⁽²⁾

See footnote ⁽²⁾ to the Gold Reserves table above. Tonnages are rounded to nearest 10,000.

⁽³⁾

See footnote ⁽³⁾ to the Gold Reserves table above. Tonnes may not recalculate as they are rounded to the nearest 10,000.

⁽⁴⁾

Reserve estimates relate to the undeveloped Yanacocha Sulfide 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⁾

Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture.

⁽⁷⁾

Copper cut-off grade varies with level of gold credits.

⁽⁸⁾

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.

⁽⁹⁾

Reserve estimates provided by Barrick, the operator of the NGM joint venture.

Attributable Copper Mineral Resources ⁽¹⁾⁽²⁾ - December 31, 2020, Metric Units

Measured Resource

Indicated Resource

Measured and Indicated
Resource ⁽³⁾

Inferred Resource

Newmont

Tonnage

Grade

Copper

Tonnage

Grade

Copper

Tonnage

Grade

Copper

Tonnage

Grade

Copper

Deposits/Districts

Share

(x1000 tonnes)

(Cu%)

(tonnes)

(x1000 tonnes)

(Cu%)

(tonnes)

(x1000 tonnes)

(Cu%)

(tonnes)

(x1000 tonnes)

(Cu%)

(tonnes)

North America

Galore Creek, Canada ⁽⁴⁾

50

%

128,400

0.72

%

920,000

423,400

0.39

%

1,640,000

551,800

0.47

%

2,560,000

99,100

0.27

%

260,000

TOTAL NORTH AMERICA

128,400

0.72

%

920,000

423,400

0.39

%

1,640,000

551,800

0.47

%

2,560,000

99,100

0.27

%

260,000

South America

Conga, Peru

51.35

%

-

-

356,300

0.26

%

920,000

356,300

0.26

%

920,000

118,400

0.19

%

220,000

Yanacocha Open Pits and Stockpiles

51.35

%

-

-

48,600

0.39

%

190,000

48,600

0.39

%

190,000

18,700

0.39

%

70,000

Yanacocha Underground

51.35

%

-

-

1,800

0.09

%

-

1,800

0.09

%

-

1,900

0.13

%

-

Total Yanacocha, Peru

-

-

50,400

0.38

%

190,000

50,400

0.38

%

190,000

20,600