\n| \n 1<\/sup><\/p>\n<\/td>\n | \n\n \nNewmont’s Board of Directors declared a dividend of $0.26 per share of common stock for the first quarter of 2026, payable on June 22, 2026 to holders of record at the close of business on May 27, 2026.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 2<\/sup><\/p>\n<\/td>\n | \n\n \nSee discussion of guidance and cautionary statement at the end of this release regarding forward-looking statements.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 3<\/sup><\/p>\n<\/td>\n | \n\n \nNon-GAAP metrics; see reconciliations at the end of this release.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 4<\/sup><\/p>\n<\/td>\n | \n\n \nIncludes $2.4 billion of share repurchases since February 19, 2026, including $556 million of share repurchases settled in April 2026.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 5<\/sup><\/p>\n<\/td>\n | \n\n \nIncludes $1.2 billion of share purchases in 2024, $2.3 billion repurchased in 2025 and $2.5 billion through the date of filing in 2026.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 6<\/sup><\/p>\n<\/td>\n | \n\n \nThe 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.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 7<\/sup><\/p>\n<\/td>\n | \n\n \nNet proceeds includes $117 million related to the sale of Newmont’s shares in Greatland Resources Limited, $105 million related to the sale of Newmont’s shares in SolGold and $20 million of a contingent payment received from Orla Mining in relation to the sale of the Musselwhite asset, and $79 million of contingent payments from SSR Mining in relation to the sale of the CC&V asset.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 8<\/sup><\/p>\n<\/td>\n | \n\n \nTotal liquidity as of March 31, 2026 includes $4.0 billion available on a revolving credit facility.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Delivering on Newmont’s Enhanced Capital Allocation Framework<\/b><\/p>\n \nIn February, Newmont announced an enhanced capital allocation framework, designed to be sustainable through the commodity and investment cycles while maximizing total return of capital to shareholders, maintaining a flexible and resilient balance sheet, and focusing on high-return capital investments for long-term value creation. The capital allocation uses below are presented in order of priority.1<\/sup> Newmont is consistently delivering on these priorities, supported by the record free cash flow generated in the first quarter of 2026.<\/p>\nOngoing Sustaining Capital Investment in World-Class Portfolio<\/b><\/p>\n \nNewmont sees a clear opportunity to enhance the longevity of its portfolio and preserve asset integrity through targeted investments in critical infrastructure, ensuring the delivery of safe production across its operations. This includes tailings solutions, primarily at Cadia and Boddington, to support near- and long-term production capacity, positioning Newmont’s world-class operations to produce well into the middle of the century. These investments will require elevated sustaining capital spend over the next few years, as planned. Reflective of this approach, Newmont expects to spend $1.95 billion in 2026, as detailed in the ‘2026 Guidance Expectations’ section below. In the first quarter, Newmont spent $381 million in sustaining capital, with spend expected to increase beginning in the second quarter, with full-year 2026 guidance remaining unchanged.2<\/sup><\/p>\nSustainable Through the Cycle Cash Dividend<\/b><\/p>\n \nNewmont is committed to returning capital to shareholders through a sustainable cash dividend of $1.1 billion per year. Central to this framework is a dividend structured to grow on a per share basis without increasing Newmont’s financial commitment, as share repurchases executed through the cycle permanently lower the outstanding share count. The annual total per share dividend target will be calculated annually in February based on the current number of shares issued and outstanding. The dividend payment will be divided into four equal payments rounded up to the nearest $0.01, to be paid out on a quarterly basis, subject to quarterly approval by Newmont’s Board of Directors1<\/sup>. In line with this commitment, a dividend of $0.26 per share for the first quarter of 2026 has been declared payable on June 22, 2026, to holders of record of such common stock at the close of business on May 27, 2026. This equates to an indicated total annualized dividend of $1.04 per share, demonstrating the initial benefit of Newmont\u2019s ongoing share repurchase program, with continued per share dividend increases expected as share repurchases continue.<\/p>\nDisciplined Approach to Development Capital Reinvestment<\/b><\/p>\n \nNewmont expects to spend $1.4 billion in development capital in 2026 as it advances the highest-return free cash flow generative near-term projects, while continuing to study, evaluate and define the future growth profile of its portfolio. In the first quarter of 2026, Newmont invested $239 million in its current development projects, with full-year 2026 guidance remaining unchanged.2<\/sup> Newmont will maintain a disciplined focus on capital efficiency and value creation.<\/p>\nMaintaining an Optimized Capital Structure Through the Cycle<\/b><\/p>\n \nNewmont is focused on maintaining a resilient balance sheet, anchored by a $1 billion net cash target3<\/sup>, with flexibility of plus or minus $2 billion depending on market conditions. This approach ensures Newmont’s ability to return capital to shareholders and fund capital programs across commodity price cycles to support sustainable production growth. During strong commodity price environments, Newmont intends to further optimize its balance sheet by actively managing gross debt, while maintaining a minimum cash balance of $5 billion through the cycle. Consistent with these priorities, Newmont reduced gross debt by an additional $42 million since the previous earnings call. Newmont ended the first quarter of 2026 with a cash balance of $8.8 billion and a net cash balance of $3.2 billion3<\/sup>.<\/p>\nRatable Share Repurchase Program<\/b><\/p>\n \nOnce the above priorities are complete, Newmont intends to deploy excess cash4<\/sup> on a ratable basis to share repurchases, driving sustained per share growth in the dividend and improving multiple per share metrics, including providing shareholders with greater exposure to the strong free cash flow generation from Newmont’s world-class portfolio. Since the last earnings call, Newmont executed an additional $2.4 billion of share repurchases, fully exhausting the previous repurchase authorization of $6.0 billion. To continue delivering on this priority, Newmont’s Board of Directors approved an additional $6.0 billion repurchase program. Newmont intends to request additional approval from its Board of Directors as the current authorization approaches completion, consistent with the Company’s disciplined and repeatable approach to returning excess cash to shareholders.<\/p>\n\n\n| ____________________<\/td>\n<\/tr>\n | \n| \n 1<\/sup><\/p>\n<\/td>\n | \n\n \nSee cautionary statement at the end of this release. The Enhanced Capital Allocation Framework is provided for illustrative purposes and remains non-binding. Guidance expectations, including capital allocation uses, future dividends, debt management and share repurchases, are forward-looking statements. An annualized dividend has not been declared by the Board of Directors.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 2<\/sup><\/p>\n<\/td>\n | \n\n \nSustaining and development capital guidance and spend to date excludes capitalized interest.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 3<\/sup><\/p>\n<\/td>\n | \n\n \nNet cash balance is Cash and cash equivalents<\/i> less Debt and Lease and other financing obligations as presented on the Consolidated Balance Sheets. Net cash balance will change based on Net cash provided by operating activities<\/i>, Additions to property, plant and mine development<\/i>, dividends paid to common shareholders, repayment of debt principal, and other investing and financing activities. Refer to the Net Debt reconciliation below in the Non-GAAP Financial Measures schedules in this release.<\/p>\n<\/td>\n<\/tr>\n\n| \n 4<\/sup><\/p>\n<\/td>\n | \n\n \nExcess Cash is defined as cash available from operations (including Exploration, G&A, etc.) after funding balance sheet obligations (including debt principal repayments and reclamation spend), capital expenditures, other investing activities, paying the dividend, and achieving the net cash target.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Summary of Results<\/b><\/p>\n\n\n| \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 2025<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2026<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | | \n\n Q1<\/b><\/p>\n<\/td>\n | \n Q2<\/b><\/p>\n<\/td>\n | \n Q3<\/b><\/p>\n<\/td>\n | \n Q4<\/b><\/p>\n<\/td>\n | \n FY<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Q1<\/b><\/p>\n<\/td>\n | \n YTD<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nAverage realized gold price ($\/oz)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,944<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n3,320<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n3,539<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n4,216<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 3,498<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n4,900<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 4,900<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| \n \nAttributable gold production (Moz) (1)<\/sup><\/p>\n<\/td>\n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1.54<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1.48<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1.42<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1.45<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 5.89<\/b><\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1.30<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 1.30<\/b><\/p>\n<\/td>\n | | <\/tr>\n\n| \n \nTotal CAS ($M) (2)<\/sup><\/p>\n<\/td>\n | \n\n \n$<\/p>\n<\/td>\n | \n \n2,106<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,001<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,951<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,027<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 8,085<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n1,937<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 1,937<\/b><\/p>\n<\/td>\n | | <\/tr>\n\n| \n \nGold By-Product CAS ($\/oz) (2)(3)<\/sup><\/p>\n<\/td>\n | \n\n \n$<\/p>\n<\/td>\n | \n \n930<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n917<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n831<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n738<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 855<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n541<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 541<\/b><\/p>\n<\/td>\n | | <\/tr>\n\n| \n \nGold Co-Product CAS ($\/oz) (2)(3)<\/sup><\/p>\n<\/td>\n | \n\n \n$<\/p>\n<\/td>\n | \n \n1,227<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,215<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,185<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,166<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 1,199<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n1,307<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 1,307<\/b><\/p>\n<\/td>\n | | <\/tr>\n\n| \n \nGold By-Product AISC ($\/oz) (3)<\/sup><\/p>\n<\/td>\n | \n\n \n$<\/p>\n<\/td>\n | \n \n1,447<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,375<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,303<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,302<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 1,358<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n1,029<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 1,029<\/b><\/p>\n<\/td>\n | | <\/tr>\n\n| \n \nGold Co-Product AISC ($\/oz) (3)<\/sup><\/p>\n<\/td>\n | \n\n \n$<\/p>\n<\/td>\n | \n \n1,651<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,593<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,566<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,620<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 1,609<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n1,709<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 1,709<\/b><\/p>\n<\/td>\n | | <\/tr>\n\n| \n \nNet income (loss) attributable to<\/p>\n \nNewmont stockholders ($M)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,891<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,061<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,832<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,301<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 7,085<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n3,262<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 3,262<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| \n \nNet income (loss) attributable to Newmont stockholders per share ($\/diluted share)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1.68<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1.85<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1.67<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1.19<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 6.39<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n3.00<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 3.00<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| \n \nAdjusted net income ($M) (4)<\/sup><\/p>\n<\/td>\n | \n\n \n$<\/p>\n<\/td>\n | \n \n1,404<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,594<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,883<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,753<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 7,634<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n3,156<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 3,156<\/b><\/p>\n<\/td>\n | | <\/tr>\n\n| \n \nAdjusted net income per share<\/p>\n \n($\/diluted share) (4)<\/sup><\/p>\n<\/td>\n | \n\n \n$<\/p>\n<\/td>\n | \n \n1.25<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1.43<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1.71<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2.52<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 6.89<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n2.90<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 2.90<\/b><\/p>\n<\/td>\n | | <\/tr>\n\n| \n \nAdjusted EBITDA ($M) (4)<\/sup><\/p>\n<\/td>\n | \n\n \n$<\/p>\n<\/td>\n | \n \n2,629<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,997<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n3,309<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n4,545<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 13,480<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n5,154<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 5,154<\/b><\/p>\n<\/td>\n | | <\/tr>\n\n| \n \nCash from operations before working capital ($M) (5)<\/sup><\/p>\n<\/td>\n | \n\n \n$<\/p>\n<\/td>\n | \n \n2,172<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,228<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,584<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n3,560<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 10,544<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n3,987<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 3,987<\/b><\/p>\n<\/td>\n | | <\/tr>\n\n| \n \nNet cash from operating activities ($M)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,031<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,384<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,298<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n3,621<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 10,334<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n3,785<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 3,785<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| \n \nCapital expenditures ($M) (6)<\/sup><\/p>\n<\/td>\n | \n\n \n$<\/p>\n<\/td>\n | \n \n826<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n674<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n727<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n808<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 3,035<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n641<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 641<\/b><\/p>\n<\/td>\n | | <\/tr>\n\n| \n \nFree cash flow ($M) (7)<\/sup><\/p>\n<\/td>\n | \n\n \n$<\/p>\n<\/td>\n | \n \n1,205<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,710<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,571<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,813<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 7,299<\/b><\/p>\n<\/td>\n | | \n | \n\n \n$<\/p>\n<\/td>\n | \n \n3,144<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 3,144<\/b><\/p>\n<\/td>\n | | <\/tr>\n<\/table>\nFirst Quarter 2026 Production and Financial Summary<\/b><\/p>\n Attributable gold production1<\/sup><\/b> decreased 10 percent to 1,301 thousand ounces from the prior quarter, driven by lower production at Boddington as a result of the impact of the bushfire, lower production at Tanami as a result of lower grade from planned mine sequencing and the impact of record rainfall, and lower grade and planned maintenance at Lihir and Cerro Negro. In addition, lower production was delivered from the non-managed joint ventures at Nevada Gold Mines and Pueblo Viejo. These decreases were partially offset by increased production at Yanacocha, Cadia, and Merian. Consolidated gold sales <\/b>were 1,232 thousand ounces for the quarter.<\/p>\nCopper production<\/b> increased 3 percent to 30 thousand tonnes compared to the prior quarter, driven by higher grade and improved throughput at Cadia. Silver production<\/b> increased 29 percent to 9 million ounces, lead production<\/b> increased 17 percent to 27 thousand tonnes and zinc production<\/b> increased 35 percent to 62 thousand tonnes compared to the prior quarter, driven by higher co-product grade at Pe\u00f1asquito.<\/p>\n Average realized gold price<\/b> was $4,900 per ounce, an increase of $684 per ounce over the prior quarter. Average realized gold price includes $4,857 per ounce of gross price received, a favorable impact of $49 per ounce of mark-to-market on provisionally-priced sales and reductions of $6 per ounce for treatment and refining charges.<\/p>\n Costs Applicable to Sales (CAS)2<\/sup><\/b> allocated to gold totaled $1.6 billion for the quarter, with an additional $327 million allocated to co-product metals. Gold By-Product CAS per ounce3<\/sup><\/b> decreased 27 percent to $541 for the quarter primarily driven by favorable co-product volumes and sales pricing, particularly related to silver and copper. CAS also benefited from lower direct costs in the first quarter at Tanami, Lihir and Pe\u00f1asquito, as well as a favorable build in inventory at Boddington. Newmont’s continued focus on cost discipline and productivity also supported the offset of higher royalty expense from a higher gold price. Gold Co-Product CAS per ounce3<\/sup><\/b> was $1,307.<\/p>\nGold By-Product All-In Sustaining Costs (AISC) per ounce3<\/sup><\/b> decreased 21 percent to $1,029 for the quarter. Building from CAS per ounce, the decrease was primarily due to lower sustaining capital spend, G&A, and other expenses. Sustaining capital spend is expected to ramp up through the remainder of this year, with Newmont remaining on track to spend its full year guidance. Gold Co-Product AISC per ounce3<\/sup><\/b> was $1,709.<\/p>\nNet income attributable to Newmont stockholders <\/b>was $3.3 billion or $3.00 per diluted share, an increase of $2.0 billion from the prior quarter. This increase was primarily driven by higher revenues due to a higher realized gold price, slightly lower CAS, impairment charges recognized during the quarter of $9 million compared to $779 million recognized in the prior quarter primarily related to Yanacocha Sulfides, and a decrease of $666 million in income and mining tax expense, primarily due to the recognition of one-time deferred tax items in the prior quarter.<\/p>\n Adjusted net income4<\/sup><\/b>for the quarterwas $3.2 billion or $2.90 per diluted share, compared to $2.8 billion or $2.52 per diluted share in the prior quarter. Primary adjustments to first quarter net income include a net gain on the fair value of investments and options of $87 million, partially offset by impairment charges of $9 million primarily related to assets no longer in use.<\/p>\nConsolidated cash from operations before working capital5<\/sup><\/b> increased 12 percent from the prior quarter to $4.0 billion primarily due to higher revenue from a higher realized gold price and lower CAS.<\/p>\nConsolidated net cash from operating activities<\/b> increased 5 percent from the prior quarter to $3.8 billion primarily due to higher consolidated cash from operations before working capital. This was partially offset by a net unfavorable working capital movement of $202 million, driven by the continued cash spend for previously accrued reclamation activities of $209 million, primarily related to the ongoing construction of the Yanacocha water treatment plants, as well as a build in inventory and stockpiles of $152 million, and an accrual of other liabilities of $118 million, primarily related to severance and employee-related liabilities. These unfavorable working capital adjustments were partially offset by an accrual for future tax payments of $200 million and an increase in accounts receivable of $70 million due to the timing of cash collections.<\/p>\n Income and mining cash tax paid<\/b> increased 68 percent from the prior quarter to $1.3 billion due to higher net income attributable to Newmont shareholders, as well as higher cash tax paid due to the timing of annual tax payments accrued in 2025.<\/p>\n Free Cash Flow7 <\/sup><\/b>increased 12 percent from the prior quarter to $3.1 billion primarily due to an increase in net cash provided by operating activities and lower capital investment, partially offset by an unfavorable working capital impact in the current quarter compared to a favorable working capital benefit in the prior quarter.<\/p>\nBalance sheet and liquidity <\/b>remained strong in the first quarter, ending with $8.8 billion of cash and cash equivalents, with $12.8 billion of total liquidity; ended the quarter in a net cash position of $3.2 billion.8<\/sup><\/p>\nNon-Managed Joint Venture and Equity Method Investments9<\/sup><\/b><\/p>\nNevada Gold Mines (NGM) <\/b>attributable gold production decreased 19 percent to 236 thousand ounces, with a 2 percent increase in CAS per ounce to $1,281 per ounce.3<\/sup> AISC per ounce increased 6 percent from the prior quarter to $1,595 per ounce.3<\/sup><\/p>\nPueblo Viejo <\/b>attributable gold production decreased 22 percent to 54 thousand ounces compared to the prior quarter. Cash distributions received for the Company’s equity method investment in Pueblo Viejo totaled $167 million in the first quarter. Capital contributions of $17 million were made during the quarter related to the expansion project at Pueblo Viejo.<\/p>\n Fruta del Norte <\/b>attributable gold production is reported on a quarter lag. Production reported in the first quarter of 2026 decreased 5 percent to 38 thousand ounces compared to the prior quarter. Cash distributions received from the Company’s equity method investment in Fruta del Norte were $89 million for the first quarter.<\/p>\n\n\n| ____________________<\/td>\n<\/tr>\n | \n| \n 1<\/sup><\/p>\n<\/td>\n | \n\n \nAttributable gold production includes ounces from the Company’s equity method investment in Pueblo Viejo (40%) and in Lundin Gold (32%).<\/p>\n<\/td>\n<\/tr>\n | \n| \n 2<\/sup><\/p>\n<\/td>\n | \n\n \nConsolidated Costs applicable to sales<\/i> (CAS) excludes Depreciation and amortization<\/i> and Reclamation and remediation<\/i>.<\/p>\n<\/td>\n<\/tr>\n\n| \n 3<\/sup><\/p>\n<\/td>\n | \n\n \nNon-GAAP measure. See end of this release for reconciliation to Costs applicable to sales<\/i>.<\/p>\n<\/td>\n<\/tr>\n\n| \n 4<\/sup><\/p>\n<\/td>\n | \n\n \nNon-GAAP measure. See end of this release for reconciliation to Net income (loss) attributable to Newmont stockholders<\/i>.<\/p>\n<\/td>\n<\/tr>\n\n| \n 5<\/sup><\/p>\n<\/td>\n | \n\n \nCash 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<\/i>, as shown reconciled in the Condensed Consolidated Statements of Cash Flows.<\/p>\n<\/td>\n<\/tr>\n\n| \n 6<\/sup><\/p>\n<\/td>\n | \n\n \nCapital expenditures refers to Additions to property plant and mine development<\/i> from the Condensed Consolidated Statements of Cash Flows, inclusive of capitalized interest.<\/p>\n<\/td>\n<\/tr>\n\n| \n 7<\/sup><\/p>\n<\/td>\n | \n\n \nNon-GAAP measure. See end of this release for reconciliation to Net cash provided by operating activities<\/i>.<\/p>\n<\/td>\n<\/tr>\n\n| \n 8<\/sup><\/p>\n<\/td>\n | \n\n \nNon-GAAP measure. See end of this release for reconciliation.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 9<\/sup><\/p>\n<\/td>\n | \n\n \nNewmont 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.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n 2026 Guidance Expectations (+\/-5%)<\/b><\/p>\n \nNewmont remains on track to meet its previously published 2026 guidance. For more details, refer to the Company\u2019s Fourth Quarter 2025 Earnings and 2026 Guidance press release<\/a>, issued on February 19, 2026, and available on Newmont.com. Please see the cautionary statement and footnotes for additional information.<\/p>\n \n\n| \n Guidance Metric (+\/-5%) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |