Financial Analysis

"ACQUISITIONS AND DIVESTITURES Business Acquisition On November 6, 2023 (the acquisition date), Newmont completed its business combination transaction with Newcrest, a public Australian mining company limited by shares, whereby Newmont, through Newmont Sub, acquired all of the ordinary shares of Newcrest, pursuant to a court-approved scheme of arrangement under Part 5.1 of the Australian Corporations Act 2001 (Cth) between Newcrest and its stockholders, as contemplated by a scheme implementation deed, dated as of May 15, 2023, by and among Newmont, Newmont Sub and Newcrest, as amended from time to time. Upon implementation, Newmont completed the business acquisition of Newcrest, in which Newmont was the acquirer and Newcrest became a direct wholly owned subsidiary of Newmont Sub and an indirect wholly owned subsidiary of Newmont (such acquisition, the Newcrest transaction). The acquisition of Newcrest increased the Companys gold and other metal reserves and expanded its operating jurisdictions. The acquisition date fair value of the consideration transferred consisted of the following: (in millions, except share and per share data) Shares Per Share Purchase Consideration Stock Consideration Shares of Newmont exchanged for Newcrest outstanding ordinary shares 357,691,627 $ 37.88 $ 13,549 Total Purchase Price $ 13,549 The Company retained an independent appraiser to determine the fair value of assets acquired and liabilities assumed. In accordance with the acquisition method of …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

EMPLOYEE-RELATED BENEFITS At December 31, 2025 2024 Current: Accrued payroll and withholding taxes $ 534 $ 461 Workers participation and other bonuses 288 108 Accrued severance (1) 38 19 Other post-retirement benefit plans 12 11 Employee pension benefits 2 5 Other employee-related payables 24 26 $ 898 $ 630 Non-current: Accrued severance (1) $ 466 $ 386 Other post-retirement benefit plans 58 55 Employee pension benefits 33 29 Other employee-related payables 77 85 $ 634 $ 555 ____________________________ (1) In the third quarter of 2025, management commenced a strategic plan to reduce operating costs and enhance profitability through organizational streamlining and reductions in workforce and office space in certain markets, resulting in accruals for severance and related restructuring charges recognized for the year ended December 31, 2025. Refer to Note 8 for further information. Pension and Other Benefit Plans The Company provides a defined benefit pension plan to eligible employees, with benefits generally based on years of service and annual compensation. Various international pension plans operate in accordance with local laws and requirements. Pension costs are determined annually by independent actuaries. The Company funds its qualified pension plan through cash contributions in compliance with employee Retirement Income Security Act of 1974, as amended. Non-qualified and other benefit plans are unfunded and represent general corporate obligations. The tables below pre …

CompensationAndEmployeeBenefitPlansTextBlock · excerpt; the full note is in the filing

"DEBT At December 31, 2025 (1) At December 31, 2024 (1) Non-Current Fair Value (2) Current Non-Current Fair Value (2) 5.30% Senior Notes due March 2026 $ $ $ 924 $ $ 948 2.80% Senior Notes due October 2029 265 257 633 587 3.25% Senior Notes due May 2030 379 411 554 583 2.25% Senior Notes due October 2030 246 230 872 765 2.60% Senior Notes due July 2032 785 728 821 713 5.35% Senior Notes due March 2034 987 1,061 987 1,012 5.875% Senior Notes due April 2035 502 567 581 625 6.25% Senior Notes due October 2039 275 308 861 934 5.75% Senior Notes due November 2041 292 326 457 500 4.875% Senior Notes due March 2042 562 553 949 891 5.45% Senior Notes due June 2044 460 433 479 435 4.20% Senior Notes due May 2050 365 409 363 407 Debt issuance costs on Corporate Revolving Credit Facilities (3) (5) $ 5,115 $ 5,283 $ 924 $ 7,552 $ 8,400 ____________________________ (1) All outstanding senior notes are unsecured and rank equally with one another. (2) The estimated fair value of the senior notes was determined by an independent third-party pricing source and may or may not reflect the actual trading value of this debt. Maturities for the next five years, and thereafter, are as follows: Year Ending December 31, 2026 $ 2027 2028 2029 267 2030 671 Thereafter 4,405 Total face value of debt 5,343 Unamortized premiums, discounts, and issuance costs (228) Debt $ 5,115 Corporate Revolving Credit Facilities and Letters of Credit Facilities In connection with the Newcrest transaction on November 6, 2 …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following tables present the Companys Sales by mining operation, product and inventory type: Year Ended December 31, 2025 Year Ended December 31, 2024 Year Ended December 31, 2023 Gold Dore Concentrate and Other Total Sales Gold Dore Concentrate and Other Total Sales Gold Dore Concentrate and Other Total Sales Managed Lihir (1) $ 1,983 $ $ 1,983 $ 1,473 $ $ 1,473 $ 266 $ $ 266 Cadia: (1) Gold 150 1,259 1,409 126 992 1,118 28 222 250 Copper 885 885 743 743 172 172 Total Cadia 150 2,144 2,294 126 1,735 1,861 28 394 422 Tanami 1,353 1,353 988 988 867 867 Boddington: Gold 488 1,500 1,988 353 1,064 1,417 359 1,092 1,451 Copper 258 258 329 329 363 363 Total Boddington 488 1,758 2,246 353 1,393 1,746 359 1,455 1,814 Ahafo South 2,266 2,266 1,923 1,923 1,130 1,130 Ahafo North (2) 242 242 Merian 821 25 846 638 22 660 600 25 625 Cerro Negro 691 691 566 566 510 510 Yanacocha 1,781 23 1,804 833 8 841 526 11 537 Penasquito: Gold 1,492 1,492 713 713 36 221 257 Silver (3) 1,080 1,080 792 792 335 335 Lead 183 183 195 195 96 96 Zinc 664 664 622 622 213 213 Total Penasquito 3,419 3,419 2,322 2,322 36 865 901 Red Chris: (1) Gold 218 218 96 96 9 9 Copper 295 295 229 229 23 23 Total Red Chris 513 513 325 325 32 32 Brucejack (1) 540 284 824 415 195 610 48 24 72 Non-managed NGM (4) 3,387 173 3,560 2,336 149 2,485 2,178 93 2,271 Divested (5) CC&V 88 88 347 347 332 332 Musselwhite 94 94 516 516 351 351 Porcupine 177 177 673 673 503 503 Eleonore 138 138 583 583 453 453 Akyem 131 131 495 495 57 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

STOCK-BASED COMPENSATION The Company grants stock-based incentive awards to directors, executives and eligible employees. Stock incentive awards include RSUs and PSUs and are determined as a target percentage of base salary. All RSU awards generally vest on a straight-line basis over three years. All PSU awards generally cliff vest after three years and the number of awards that vest is based on the achievement of the market and performance metrics. For employees who are retirement eligible or who become retirement eligible during the term of the award, the vesting period may be reduced based on the retirement eligibility date. Prior to vesting, holders of stock incentive awards do not have the right to vote the underlying shares; however, directors, executives and eligible employees accrue dividend equivalents on their stock incentive awards, which are paid at the time the awards vest. The accrued dividend equivalents are not paid if awards are forfeited. Upon vesting, the employee is entitled to receive one share of the Companys common stock for each RSU or PSU. The Company issues new shares of common stock to satisfy vesting under all of its stock incentive awards. At December 31, 2025, 18,214,007 shares were authorized for issuance for future vesting of stock incentive awards. Total stock-based compensation was $99, $89, and $80 (including $20, $6, and $4 related to the Company's proportionate share of NGM stock-based compensation) for the years ended December 31, 2025, 2 …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

FAIR VALUE ACCOUNTING Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below: Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 Quoted prices in markets that are not active, quoted prices for similar assets or liabilities in active markets, quoted prices or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability and model-based valuation techniques (e.g. the Black-Scholes model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). The following tables set forth the Companys assets and liabilities measured at fair value on a recurring (at least annually) and nonrecurring basis by level within the fair value hierarchy. As required by accounting guidance, assets an …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

INCOME AND MINING TAXES The Companys Income and mining tax benefit (expense) consisted of: Year Ended December 31, 2025 2024 2023 Current: United States $ (157) $ (93) $ (20) Foreign (3,048) (1,224) (610) (3,205) (1,317) (630) Deferred: United States (96) (157) 62 Foreign (1,295) 77 42 (1,391) (80) 104 Income and mining tax benefit (expense) $ (4,596) $ (1,397) $ (526) The Companys Income (loss) before income and mining tax and other items is attributable to the following jurisdictions: Year Ended December 31, 2025 2024 2023 United States $ 1,527 $ 536 $ 111 Foreign 9,815 4,041 (2,142) Income (loss) before income and mining tax and other items $ 11,342 $ 4,577 $ (2,031) The Companys Income and mining tax benefit (expense) differed from the amounts computed by applying the United States statutory corporate income tax rate for the following reasons: Year Ended December 31, (1) 2025 2024 2023 Income (loss) before income and mining tax and other items $ 11,342 $ 4,577 $ (2,031) U.S. Federal statutory tax rate 21 % $ (2,382) 21 % $ (961) 21 % $ 427 Reconciling items: Domestic state and local income taxes, net of federal income tax effect (2) 1 % (78) 1 % (35) (1) % (25) Domestic federal: Tax Credits % (1) % 37 1 % 19 Nontaxable and nondeductible items: Percentage depletion (1) % 83 (1) % 63 4 % 72 Other nontaxable and nondeductible items 1 % (76) % (3) (1) % (14) Cross-border tax laws % (17) % (21) % (10) Changes in valuation allowance % 18 (1) % 34 9 % 192 Impact of Transactions …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"COMMITMENTS AND CONTINGENCIES General Estimated losses from contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable that a liability could be incurred and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the contingency and estimated range of loss, if determinable, is made in the financial statements when it is at least reasonably possible that a material loss could be incurred. Operating Segments The Companys operating and reportable segments are identified in Note 4. Except as noted in this paragraph, all of the Companys commitments and contingencies specifically described herein are included in the non-operating segment Corporate and Other. The Yanacocha matters relate to the Yanacocha reportable segment. The Cadia matter relates to the Cadia reportable segment. The CC&V matter relates to CC&V, which was divested in the first quarter of 2025. The Newmont Ghana Gold and Newmont Golden Ridge matters relate to the Ahafo South reportable segment and Akyem, which was divested in the second quarter of 2025, respectively. Environmental Matters Refer to Note 6 for further information regarding reclamation and remediation. Details about certain significant matters are discussed below. Minera Yanacocha S.R.L. - 100% Newmont Owned …

LegalMattersAndContingenciesTextBlock · excerpt; the full note is in the filing

Recently Adopted Accounting Pronouncements and Securities and Exchange Commission Rules Improvement to Income Tax Disclosures In December 2023, ASU 2023-09 was issued, requiring disaggregated information about the effective tax rate reconciliation and additional information on taxes paid that meet a qualitative threshold. The Company adopted ASU 2023-09 for the year ended December 31, 2025 on a retrospective basis and included the required disclosures in Note 10. As this standard impacts presentation only, the adoption had no impact on the Company's financial position. Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract In September 2025, ASU 2025-07 was issued expanding the scope of contracts that are excluded from derivative accounting and clarifying the accounting for share-based noncash consideration in revenue contracts. The new guidance is effective for annual reporting periods beginning after December 15, 2026, with early adoption permitted. The Company early adopted ASU 2025-07 on a modified retrospective basis on December 31, 2025 and applied the derivative accounting amendment in this ASU to certain contingent consideration assets and liabilities; the share-based noncash consideration in revenue contracts amendment had no impact on the Company. The early adoption had no impact on the Company's financial position; refer to Note 14 for further information. Recently Issued Accounting Pronounc …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

SALES The following tables present the Companys Sales by mining operation, product and inventory type: Year Ended December 31, 2025 Year Ended December 31, 2024 Year Ended December 31, 2023 Gold Dore Concentrate and Other Total Sales Gold Dore Concentrate and Other Total Sales Gold Dore Concentrate and Other Total Sales Managed Lihir (1) $ 1,983 $ $ 1,983 $ 1,473 $ $ 1,473 $ 266 $ $ 266 Cadia: (1) Gold 150 1,259 1,409 126 992 1,118 28 222 250 Copper 885 885 743 743 172 172 Total Cadia 150 2,144 2,294 126 1,735 1,861 28 394 422 Tanami 1,353 1,353 988 988 867 867 Boddington: Gold 488 1,500 1,988 353 1,064 1,417 359 1,092 1,451 Copper 258 258 329 329 363 363 Total Boddington 488 1,758 2,246 353 1,393 1,746 359 1,455 1,814 Ahafo South 2,266 2,266 1,923 1,923 1,130 1,130 Ahafo North (2) 242 242 Merian 821 25 846 638 22 660 600 25 625 Cerro Negro 691 691 566 566 510 510 Yanacocha 1,781 23 1,804 833 8 841 526 11 537 Penasquito: Gold 1,492 1,492 713 713 36 221 257 Silver (3) 1,080 1,080 792 792 335 335 Lead 183 183 195 195 96 96 Zinc 664 664 622 622 213 213 Total Penasquito 3,419 3,419 2,322 2,322 36 865 901 Red Chris: (1) Gold 218 218 96 96 9 9 Copper 295 295 229 229 23 23 Total Red Chris 513 513 325 325 32 32 Brucejack (1) 540 284 824 415 195 610 48 24 72 Non-managed NGM (4) 3,387 173 3,560 2,336 149 2,485 2,178 93 2,271 Divested (5) CC&V 88 88 347 347 332 332 Musselwhite 94 94 516 516 351 351 Porcupine 177 177 673 673 503 503 Eleonore 138 138 583 583 453 453 Akyem 131 131 495 …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

"SEGMENT INFORMATION The Company regularly reviews its segment reporting for alignment with its strategic goals and operational structure as well as for evaluation of business performance and allocation of resources by Newmonts Chief Operating Decision Maker (""CODM""), which is the Chief Executive Officer. The Company's 13 reportable segments consist of each of its 12 mining operations that it manages and its 38.5% proportionate interest in Nevada Gold Mines (""NGM""), which it does not directly manage. The reportable segments at December 31, 2025 exclude reportable segments that have been divested. Refer to Note 3 for further information on the Company's divestitures. With respect to NGM, Newmont has given notice to Barrick and the NGM Board of Managers that it has identified evidence of mismanagement at NGM, including diversion of resources from NGM to the benefit of Barricks wholly-owned property Fourmile and Barrick, and that it was exercising its contractual inspection and audit rights. In October 2025, the Company declared commercial production at its Ahafo North project in Ghana resulting in classification as a reportable segment. Prior to declaration of commercial production, Ahafo North was classified as a development project and all activity was included in the Ahafo South reportable segment up to the date of commercial production. Although not a reportable segment until the fourth quarter of 2025, the amounts related to Ahafo North have been reported separately fo …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Risks and Uncertainties As a global mining company, the Companys revenue, profitability, and future rate of growth are substantially dependent on prevailing metal prices, primarily for gold, but also for copper, silver, lead, and zinc. Historically, the commodity markets have been very volatile, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or extended decline in commodity prices could have a material adverse effect on the Companys financial position, results of operations, cash flows, access to capital, and on the quantities of reserves that the Company can economically produce. The carrying value of the Companys Property, plant and mine development, net; Inventories; Stockpiles and ore on leach pads; Investments; Deferred income tax assets; and Goodwill are particularly sensitive to the outlook for commodity prices. A decline in the Companys price outlook from current levels could result in material impairment charges related to these assets. The Company's global operations expose it to risks associated with public health crises, geopolitical and macroeconomic pressures, including but not limited to inflationary conditions, as well as the effects of certain countermeasures taken by central banks, supply chain disruptions resulting from global conflicts and other global events, and an uncertain and evolving labor market. Factors that could have further pote …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

DEBT Scheduled minimum debt repayments are as follows: At June 30, 2026 Year Ending December 31, 2026 (for the remainder of 2026) $ 2027 2028 2029 265 2030 655 Thereafter 4,381 Total face value of debt 5,301 Unamortized premiums, discounts, and issuance costs (218) Debt $ 5,083 Debt Extinguishment For the six months ended June 30, 2026 and 2025, the Company completed redemptions of senior notes totaling $42 and $1,376 in principal, respectively, and paid accrued interest of $ and $22, respectively. These transactions resulted in no gain or loss on extinguishment for the three months ended June 30, 2026, a gain on extinguishment of $1 for the six months ended June 30, 2026, and losses on extinguishment of $18 and $28 for the three and six months ended June 30, 2025, respectively, recognized in Other income (loss), net . The following table summarizes the redemptions by senior note: Six Months Ended June 30, 2026 2025 Settled Principal Amount Total Repurchase Amount Settled Principal Amount Total Repurchase Amount 5.30% Senior Notes due March 2026 (1) $ $ $ 928 $ 957 2.80% Senior Notes due October 2029 2 2 6 6 3.25% Senior Notes due May 2030 14 14 96 91 2.25% Senior Notes due October 2030 2 2 67 60 2.60% Senior Notes due July 2032 24 21 32 27 5.875% Senior Notes due April 2035 83 87 6.250% Senior Notes due October 2039 164 177 $ 42 $ 39 $ 1,376 $ 1,405 ____________________________ (1) Included a make-whole provision of $10. …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table presents the Companys Sales by mining operation, product, and inventory type: Three Months Ended June 30, 2026 Three Months Ended June 30, 2025 Gold Sales from Dore Production Sales from Concentrate and Other Production Total Sales Gold Sales from Dore Production Sales from Concentrate and Other Production Total Sales Managed Lihir $ 640 $ $ 640 $ 517 $ $ 517 Cadia: Gold 30 149 179 34 336 370 Copper 166 166 226 226 Total Cadia 30 315 345 34 562 596 Tanami 404 404 297 297 Boddington: Gold 190 489 679 123 353 476 Copper 68 68 67 67 Total Boddington 190 557 747 123 420 543 Ahafo South 415 415 657 657 Ahafo North (1) 306 306 Merian 332 332 219 4 223 Cerro Negro 230 230 112 112 Yanacocha 577 4 581 438 8 446 Penasquito: Gold 140 140 440 440 Silver (2) 344 344 191 191 Lead 32 32 43 43 Zinc 147 147 141 141 Total Penasquito 663 663 815 815 Red Chris: Gold 48 48 50 50 Copper 85 85 67 67 Total Red Chris 133 133 117 117 Brucejack 143 110 253 102 59 161 Non-managed NGM (3) 1,013 56 1,069 743 40 783 Divested (4) Porcupine 32 32 Akyem 18 18 Consolidated $ 4,280 $ 1,838 $ 6,118 $ 3,292 $ 2,025 $ 5,317 ____________________________ (1) In the fourth quarter of 2025, the Company declared commercial production at its Ahafo North project in Ghana resulting in classification as a reportable segment. (2) Silver sales from concentrate includes $19 and $20 related to non-cash amortization of the silver streaming agreement liability for the three months ended June 30, 2026 and 2025 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

"FAIR VALUE ACCOUNTING The following tables set forth the Companys assets and liabilities measured at fair value on a recurring (at least annually) or nonrecurring basis by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Refer to Note 13 to the Consolidated Financial Statements included in Part II, Item 8, of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 19, 2026, for further information on the Company's assets and liabilities included in the fair value hierarchy presented below. Fair Value at June 30, 2026 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents (1) $ 9,009 $ 9,009 $ $ Restricted cash 34 34 Trade receivables from provisional concentrate sales 676 676 Marketable equity and other securities 389 389 Restricted marketable debt and other securities (Note 6) 14 14 Derivative assets (Note 11) 183 56 127 $ 10,305 $ 9,446 $ 732 $ 127 Liabilities: Debt (Note 15) (2) $ 5,151 $ $ 5,151 $ Derivative liabilities (Note 11) 7 5 2 $ 5,158 $ $ 5,156 $ 2 Fair Value at December 31, 2025 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents (1) $ 7,647 $ 7,647 $ $ Restricted cash 37 37 Trade receivables from provisional concentrate sales 1,064 1,064 Long-lived assets 78 78 Marketable equity and other securities 740 740 Restricted …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

INCOME AND MINING TAXES A reconciliation of the U.S. federal statutory tax rate to the Companys effective income tax rate follows: Three Months Ended June 30, (1) Six Months Ended June 30, (1) 2026 2025 2026 2025 Income (loss) before income and mining tax and other items $ 2,999 $ 3,118 $ 7,582 $ 5,589 U.S. Federal statutory tax rate 21 % 630 21 % 655 21 % 1,592 21 % 1,174 Reconciling items: Change in valuation allowance on deferred tax assets (1) (26) 5 146 (2) (137) (1) (51) Foreign rate differential (2) 9 271 6 187 9 652 7 367 Mining and other taxes (net of associated federal benefit) 5 136 2 71 4 280 2 134 Uncertain tax position reserve adjustment (1) (40) 8 (1) (43) (6) Tax impact of divestitures (3) 1 39 2 122 Other (1) (19) (14) 12 (1) Income and mining tax expense (benefit) 32 % $ 952 35 % $ 1,092 31 % $ 2,356 31 % $ 1,739 ____________________________ (1) Tax rates may not recalculate due to rounding. (2) Includes impact of increase in corporate tax rate at Ghana from 32.5% to 35% effective January 1, 2026, as a result of the expiration of the Revised Investment Agreement. (3) Refer to Note 3 for information on the Company's divestitures. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"COMMITMENTS AND CONTINGENCIES General Estimated losses from contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable that a liability could be incurred and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the contingency and estimated range of loss, if determinable, is made in the financial statements when it is at least reasonably possible that a material loss could be incurred. Operating Segments The Companys operating and reportable segments are identified in Note 4. Except as noted in this paragraph, all of the Companys commitments and contingencies specifically described herein are included in the non-operating segment Corporate and Other. The Yanacocha matters relate to the Yanacocha reportable segment. The Lihir matter relates to the Lihir reportable segment. The Cadia matter relates to the Cadia reportable segment. The CC&V matter relates to CC&V, which was divested in the first quarter of 2025. The Newmont Ghana Gold and Newmont Golden Ridge matters relate to the Ahafo South and Ahafo North reportable segments and Akyem, which was divested in the second quarter of 2025, respectively. Environmental Matters Refer to Note 6 for further information regarding reclamation and remediation. Details about certain significant …

LegalMattersAndContingenciesTextBlock · excerpt; the full note is in the filing

Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules Disaggregation of Income Statement Expenses In November 2024, ASU 2024-03 was issued, requiring additional disclosures in the notes to the financial statements on the nature of certain expense captions presented on the face of the Consolidated Statement of Operations. The new guidance is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impacts of the guidance on its disclosures.

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SALES The following table presents the Companys Sales by mining operation, product, and inventory type: Three Months Ended June 30, 2026 Three Months Ended June 30, 2025 Gold Sales from Dore Production Sales from Concentrate and Other Production Total Sales Gold Sales from Dore Production Sales from Concentrate and Other Production Total Sales Managed Lihir $ 640 $ $ 640 $ 517 $ $ 517 Cadia: Gold 30 149 179 34 336 370 Copper 166 166 226 226 Total Cadia 30 315 345 34 562 596 Tanami 404 404 297 297 Boddington: Gold 190 489 679 123 353 476 Copper 68 68 67 67 Total Boddington 190 557 747 123 420 543 Ahafo South 415 415 657 657 Ahafo North (1) 306 306 Merian 332 332 219 4 223 Cerro Negro 230 230 112 112 Yanacocha 577 4 581 438 8 446 Penasquito: Gold 140 140 440 440 Silver (2) 344 344 191 191 Lead 32 32 43 43 Zinc 147 147 141 141 Total Penasquito 663 663 815 815 Red Chris: Gold 48 48 50 50 Copper 85 85 67 67 Total Red Chris 133 133 117 117 Brucejack 143 110 253 102 59 161 Non-managed NGM (3) 1,013 56 1,069 743 40 783 Divested (4) Porcupine 32 32 Akyem 18 18 Consolidated $ 4,280 $ 1,838 $ 6,118 $ 3,292 $ 2,025 $ 5,317 ____________________________ (1) In the fourth quarter of 2025, the Company declared commercial production at its Ahafo North project in Ghana resulting in classification as a reportable segment. (2) Silver sales from concentrate includes $19 and $20 related to non-cash amortization of the silver streaming agreement liability for the three months ended June 30, 2026 an …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

"SEGMENT INFORMATION The Company regularly reviews its segment reporting for alignment with its strategic goals and operational structure as well as for evaluation of business performance and allocation of resources by Newmonts Chief Operating Decision Maker (""CODM""). At June 30, 2026, the Company's 13 reportable segments consist of each of its 12 mining operations that it manages and its 38.5% proportionate interest in Nevada Gold Mines (""NGM""), which it does not directly manage. Newmont consolidates Merian through its wholly-owned subsidiary, Newmont Suriname LLC., as the primary beneficiary of Merian, which is a variable interest entity. With respect to NGM, Newmont gave notice to Barrick Mining Corporation's (Barrick"") and the NGM Board of Managers in the first quarter of 2026 that it has identified evidence of mismanagement at NGM, including diversion of resources from NGM to the benefit of Barricks wholly-owned property Fourmile and Barrick, and that it was exercising its contractual inspection and audit rights. In the following tables, Income (loss) before income and mining tax and other items from reportable segments does not reflect general corporate expenses, interest (except project-specific interest) or income and mining taxes. Intercompany revenue and expense amounts have been eliminated within each segment in order to report on the basis that management uses internally for evaluating segment performance. The Company's business activities and operating segme …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Risks and Uncertainties As a global mining company, the Companys revenue, profitability and future rate of growth are substantially dependent on prevailing commodity prices, primarily for gold, as well as copper, silver, lead, and zinc. Commodity markets have been historically very volatile, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or unfavorable movement in commodity prices could have a material adverse effect on the Companys financial position, results of operations, cash flows, access to capital, and the economic viability of mineral reserves. The carrying values of the Companys Property, plant and mine development, net ; Inventories ; Stockpiles and ore on leach pads ; Investments ; Deferred income tax assets ; and Goodwill are particularly sensitive to commodity price assumptions. A decline in the Companys commodity price outlook could result in material impairment charges related to these assets. The Company's global operations expose it to risks arising from public health crises, macroeconomic conditions, including inflationary pressures and related monetary policy actions, and geopolitical developments. Geopolitical tensions and military activity, including military operations in Iran, Ukraine, and Venezuela, as well as the potential for additional conflicts, war, or civil unrest, may disrupt global supply chains, including cost and supply of cri …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing