Newmont Corporation, founded in 1921, is a leading gold producer with significant operations and assets across multiple continents. The company's core business model revolves around the exploration, development, and production of gold, with copper, silver, lead, and zinc as co-products. Newmont holds a top market position in the gold industry, leveraging a large portfolio of Tier 1 assets in favorable mining jurisdictions. The company has a global presence with operations in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji and Ghana. Newmont faces competition from other major gold producers and must manage costs and develop quality deposits to maintain its competitive edge.

• Employees: 21,700 (as of December 31, 2023)
• Geographic Footprint: United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji and Ghana
• Headquarters: Denver, Colorado
• Founded: 1921
• Number of locations/facilities: 17 mining operations
• Revenue: $11.8 billion (FY2023)
• Key Subsidiaries/Brands: Newmont Overseas Holdings Pty Ltd

• CEO: Thomas R. Palmer
• CFO: Karyn F. Ovelmen
• Chief Operating Officer: Natascha Viljoen
• Chief Development Officer: Peter Toth
• Interim Chief Legal Officer: Mark D. Ebel
• Chief Safety and Sustainability Officer: Suzanne Retallack
• Chief Accounting Officer and Controller: Joshua L. Cage

Key executives have extensive experience in the mining and financial sectors. Ms. Viljoen will assume full COO accountability effective March 1, 2024. Mr. Atkinson will be departing the Company effective May 2, 2024. Mr. Ebel is serving as Interim Chief Legal Officer until a successor is named.

• Annual Revenue: $11.8 billion (FY2023)
• Net Income: $(2.5) billion (FY2023)
• Total Assets: $55.5 billion (as of December 31, 2023)
• Number of Employees: 21,700 (as of December 31, 2023)
• Key Financial Highlights: Net income decreased by $2.1 billion year-over-year primarily due to higher Reclamation and Remediation, higher Impairment charges, the Peñasquito labor strike, Newcrest transaction and integration costs, and lower production at Akyem.

Newmont's primary product is gold, with significant co-product production of copper, silver, lead, and zinc. Key product categories include:

• Gold: Primary product, sold as refined gold and doré bars.
• Copper: Co-product from Boddington, Red Chris, Cadia, and Telfer, sold as concentrate.
• Silver: Co-product from Peñasquito, sold as concentrate and doré.
• Lead: Co-product from Peñasquito, sold as concentrate.
• Zinc: Co-product from Peñasquito, sold as concentrate.

Newmont's reportable segments are its 17 mining operations, which include its 70% proportionate interest in Red Chris, and its 38.5% proportionate interest in NGM.

• North America: Includes operations in the United States and Canada.
• South America: Includes operations in Peru, Suriname, Argentina, and Chile.
• Australia: Includes operations in Australia and Papua New Guinea
• Africa: Includes operations in Ghana.

Newmont's business strategy focuses on maintaining stable production, improving margins and extending mine life. Key strategic priorities include:

• Portfolio Optimization: Divesting non-core assets to focus on core, high-value operations.
• Project Pipeline: Advancing near-term development projects such as Ahafo North and Tanami Expansion 2.
• Technological Innovation: Investing in electric autonomous mining systems and other technologies to improve safety and productivity.
• Sustainability: Reducing greenhouse gas emissions and improving environmental stewardship.
• Financial Strength: Maintaining a strong balance sheet and returning cash to shareholders.

Newmont operates in the gold mining industry, which is characterized by cyclical metal prices and high competition. Key market trends include:

• Market Position: Newmont is the world's leading gold producer.
• Key Competitors: Major gold producers include Barrick Gold, Agnico Eagle, and AngloGold Ashanti.
• Industry Trends: Increasing focus on sustainability, fluctuating metal prices, and the need for technological innovation.

• Metal Price Volatility: Fluctuations in gold, copper, silver, lead, and zinc prices can significantly impact profitability.
• Reserve Depletion: The inability to replace depleted reserves could affect long-term production.
• Operational Risks: Increased operating and capital costs, mine closure and reclamation costs, and supply chain disruptions.
• Regulatory Risks: Changes in environmental and mining regulations, as well as political risks in host countries.
• Cybersecurity Risks: Disruption, damage, or failure of information technology and operational technology systems.