Item 2. PROPERTIES (dollars in millions, except per share, per ounce and per pound amounts)

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Item 2. PROPERTIES (dollars in millions, except per share, per ounce and per pound amounts)

Production and Development Properties

Newmont’s properties are described below and unless otherwise noted are in the production stage and are operated by Newmont. All key permits have either been obtained by Newmont or approval is expected to be received in the normal course of business. Operating statistics are presented below in the Operating Statistics section for each region. In addition, Newmont holds investment interests in Canada, Mexico, Chile, Argentina and various other locations.

See Item 1A, Risk Factors, for risks related to our properties.

North America

The North America region maintains its headquarters in Vancouver, Canada and operates five sites, Cripple Creek & Victor (“CC&V”), Musselwhite, Porcupine, Éléonore and Peñasquito. On March 31, 2020, we completed the sale of the Red Lake complex in Ontario, Canada, included as part of the Company’s North America segment, to Evolution Mining Limited (“Evolution”).

Cripple Creek & Victor, Colorado, USA. (100% owned) Cripple Creek & Victor (“CC&V”), located next to the town of Victor, Colorado, is an open pit operation. The CC&V operation comprises seven mining concessions, two state mining leases, three surface parcels, 154 mineral parcels, 1,753 patented mining claims and 13 unpatented lode claims encompassing a total area of 12,985 acres (5,255 hectares). CC&V is an epithermal alkalic deposit with heap leaching and milling processing facilities, which consists of a crushing and grinding circuit, located on site. The available mining fleet consists of two hydraulic shovels, two loaders, and 19 haul trucks, each with a 250-tonne payload. CC&V’s gross property, plant and mine development at December 31, 2021 was $967. CC&V produced 220,000 ounces of gold in 2021 and reported 2.0 million ounces of gold reserves at December 31, 2021.

Musselwhite, Canada. (100% owned) Musselwhite, located approximately 265 miles (430 kilometers) north of Thunder Bay, Ontario, is an underground operation. The Musselwhite operation comprises 929 mining claims and 338 mining leases encompassing an area of 13,366 acres (5,409 hectares) leased from the Government of Ontario. The leases expire between 2025 and 2033. Process facilities include a conventional mill, which consists of a crushing and grinding circuit, carbon-in-pulp and carbon-in-leach plants, elution circuits and an electrowinning plant where the gold is recovered and smelted to produce doré. The conveyor system and the material handling project at Musselwhite reached commercial production in December 2020. The available mining fleet consists of 12 underground loaders and 14 haul trucks, each with a 45-tonne payload. Musselwhite is an iron formation hosted gold deposit. Musselwhite’s gross property, plant and mine development at December 31, 2021 was $1,153. Musselwhite produced 152,000 ounces of gold in 2021 and reported 1.8 million ounces of gold reserves at December 31, 2021.

Porcupine, Canada. (100% owned) Porcupine consists of the Hollinger open pit and Hoyle Pond underground operations, located in the city of Timmins, Ontario, as well as the Borden underground operation, located near the town of Chapleau, Ontario. The Porcupine operation is comprised of 1,129 mining cell claims, 983 mining patents, and 113 mining leases encompassing an area of 340,421 acres (137,763 hectares). Process facilities, located in the city of Timmins, include a conventional mill, which consists of a crushing and grinding circuit, carbon-in-pulp and carbon-in-leach plants, Knelson concentrators, Acacia reactor, elution circuits and an electrowinning plant where the gold is recovered and smelted to produce doré. The available mining fleet consists of two hydraulic shovels, three loaders, 19 underground loaders and 24 haul trucks, with payloads ranging from 30 to 138 tonnes. Mineralization at Hollinger and Hoyle, in Timmins, comprises multiple generations of quartz-carbonate-tourmaline albite veins, associated pyrite alteration envelopes, and disseminated pyrite mineralization. Mineralization at Borden consists of a shear zone containing quartz-vein hosted sulfides within a high-grade metamorphic greenstone package. Porcupine’s gross property, plant and mine development at

December 31, 2021 was $1,410. Porcupine produced 287,000 ounces of gold in 2021 and reported 2.6 million ounces of gold reserves at December 31, 2021.

Éléonore, Canada. (100% owned) Éléonore, located approximately 510 miles (825 kilometers) north of Montreal in Eeyou Istchee/James Bay in Northern Quebec, is an underground operation encompassing 47,595 acres (19,261 hectares). Process facilities include a conventional mill which consists of a crushing and grinding circuit, flotation circuit, carbon-in-pulp circuits and an electrowinning plant where the gold is recovered and smelted to produce doré. The available fleet consists of 12 underground loaders and 11 haul trucks, each with 45 to 60-tonne payloads. Éléonore is a clastic sediment-hosted stockwork-disseminated gold deposit. Éléonore’s gross property, plant and mine development at December 31, 2021 was $1,052. Éléonore produced 253,000 ounces of gold in 2021 and reported 1.8 million ounces of gold reserves at December 31, 2021.


Peñasquito, Mexico. (100% owned) Peñasquito is an open pit operation located in the northeast corner of Zacatecas State, Mexico, approximately 125 miles (200 kilometers) northeast of the city of Zacatecas and is accessible by paved roads with a private airport close to the site. The property began production in 2009, with commercial production being achieved in 2010. Goldcorp acquired its ownership in the mine in 2006 when it acquired Glamis and Newmont acquired Peñasquito in 2019 in the Newmont Goldcorp transaction. Peñasquito consists of the Peñasco and Chile Colorado open pit mines. In addition, Peñasquito has one processing plant.

Peñasquito is comprised of 24 mining concessions encompassing 119,891 acres (48,518 hectares). Concessions were granted for durations of 50 years, and will expire between 2045 and 2060, and a second 50-year term can be granted if the applicant has abided by all appropriate regulations and makes the application within five years prior to the expiration date. In order to maintain these concessions, Peñasquito must pay periodic mining rights and file annual mining reports.

Surface rights in the vicinity of the Peñasco and Chile Colorado open pits are held by three ejidos: Ejido Cedros, Ejido Mazapil and Ejido Cerro Gordo. Peñasquito has signed land use agreements with each ejidos, valid through 2035 and 2036, and the relevant private owners. In August 2020, the Company and Cedros General Assembly ratified the definitive agreement that was reached on April 22, 2020 and resolved all outstanding disputes between Peñasquito and the San Juan de Cedros community (Cedros). In addition, easements have been granted in association with the La Pardita-Cedros Highway and the El Salero-Peñasquito powerline. All necessary permits have been granted.

In July 2007, Goldcorp and Wheaton Precious Metals Corp. (then Silver Wheaton Corp.) entered into a silver streaming agreement. The Company is obligated to sell 25% of silver production from the Peñasquito mine to Wheaton Precious Metals Corporation at the lesser of market price or a fixed contract price, subject to an annual inflation adjustment of up to 1.65%. Refer to Note 5 to the Consolidated Financial Statements for further information.

A 2% net smelter return royalty is owed to Royal Gold Inc. from both the Chile Colorado and Peñasco open pits of the Peñasquito mine. Since January 1, 2014, the Mexican Government levies a 7.5% mining royalty that is imposed on earnings before interest, taxes, depreciation, and amortization. There is also a 0.5% environmental erosion fee payable on precious metal production, based on gross revenues. In December 2016, the State of Zacatecas in Mexico approved new environmental taxes (“Ecological Taxes”) that became effective January 1, 2017. The Ecological Taxes are calculated based on a predetermined formula and the volume of carbon emissions, as well as other environmental variables, at Peñasquito. The Company's payment of the Ecological Taxes primarily relates to the volume of carbon emissions at Peñasquito from fixed and mobile sources.

The mineralization at Peñasquito contains gold, silver, lead and zinc. Deposits currently mined within the Peñasquito operations are considered to be examples of breccia pipes developed as a result of intrusion-related hydrothermal activity.

Process facilities include a sulfide processing plant, comprising four stages of flotation; carbon, lead, zinc and pyrite. The carbon pre-flotation circuit was added in 2018 ahead of lead flotation to remove organic carbon associated with sedimentary ores. In the lead and zinc flotation, the slurry is conditioned with reagents to activate the desired minerals and produce lead and zinc concentrates. The pyrite circuit flotation was added at the end of 2018, which treats the zinc tailings in a pyrite flotation leach, and Merrill Crowe process to recover additional silver and gold in the form of doré. The tailings from the leach circuit undergoes cyanide destruction and combines with final flotation tailings for final deposition in the tailings storage facility.

The available mining fleet consists of five rope shovels, three hydraulic shovels, three loaders, and 82 haul trucks, each with a 312-tonne payload. The fleet is supported by 9 blast hole production drills, as well as track dozers, rubber tire dozers, excavators, and graders.

Brownfield exploration and development for new reserves is ongoing.

In January 2011, Peñasquito entered into a 20 year power delivery agreement with a subsidiary of InterGen Servicios Mexico (now Saavi Energia) where Peñasquito agreed to purchase electrical power from a gas-fired electricity generating facility located near San Luis de la Paz, Guanajuato, Mexico. The agreement commenced in August 2015. Power is also supplied by the Mexican Electricity Federal Commission (Comision Federal de Electricidad) at its central power grid through the El Salero-Peñasquito powerline.

Peñasquito’s gross property, plant and mine development at December 31, 2021 was $5,868.

Peñasquito produced 686,000 ounces of gold and 1,089,000 gold equivalent ounces of other metals in 2021. As of December 31, 2021 and 2020, Peñasquito reported 6.3 million and 7.1 million ounces of gold reserves, respectively, 394 million ounces and 426 million of silver reserves, respectively, 2,580 million and 2,940 million pounds of lead, respectively, and 6,250 million and 6,810 million pounds of zinc, respectively. The overall reduction in reserves is primarily due to depletion.

As of December 31, 2021 and 2020, Peñasquito reported 2.9 million and 4.3 million ounces of gold resources, respectively, 256 million ounces and 366 million of silver reserves, respectively, 1,710 million and 2,600 million pounds of lead, respectively, and 3,760 million and 5,400 million pounds of zinc, respectively. The overall reduction in resources is primarily due to design updates and removal of uneconomic material.

South America

The South America region maintains its headquarters in Miami, Florida and operates three sites, Yanacocha, Merian and Cerro Negro. We also hold a 40% interest in the Pueblo Viejo Mine, an open pit gold mine located in the Dominican Republic. Barrick operates the Pueblo Viejo Mine and holds the remaining 60% interest.

Yanacocha, Peru. (51.35% owned) Yanacocha is owned by Minera Yanacocha S.R.L. (“Yanacocha” or “MYSRL”), which is 51.35% owned by Newmont. The remaining interest in Yanacocha is held by Compañia Minera Condesa S.A, which is 100% owned by Compañia de Minas Buenaventura S.A.A. (“Buenaventura”) (43.65%) and Summit Global Management II VB (5%), a subsidiary of Sumitomo. Yanacocha is located approximately 375 miles (604 kilometers) north of Lima and 30 miles (48 kilometers) north of the city of Cajamarca and consists of the following open pit mines: the La Quinua Complex, the Yanacocha Complex, the Carachugo Complex and Maqui Maqui.

Yanacocha’s mining activities encompass 243,973 acres (98,732 hectares) that are covered by 160 mining concessions. MYSRL holds the mining rights related to 53,956 acres (21,835 hectares), covered by 50 concessions. Chaupiloma holds the mining rights to the remaining acres and concessions and has assigned these mining concessions to Yanacocha. Each concession has an initial term of 17 to 30 years, which are renewable at Yanacocha’s request for an additional 17 to 20 year term. Yanacocha is an epithermal type deposit of high sulfidation hosted in volcanic rock formations. Gold is associated with iron-oxides and pyrite, which is placed on leach pads. Yanacocha has four leach pads (La Quinua, Yanacocha, Carachugo and Maqui Maqui), three gold processing plants (Pampa Larga, Yanacocha Norte and La Quinua), one limestone processing facility (China Linda) and one mill (Yanacocha Gold Mill). The La Quinua Complex mined material from the La Quinua Sur and the Tapado Oeste Layback and finished mining operations in 2021. The Yanacocha Complex mines material from the Yanacocha Layback and Yanacocha Pinos, which has had limited mining operations in recent years and will finish mining operations in 2022. The Maqui Maqui operations mined material from multiple mines that are no longer in operation. The Yanacocha Gold Mill ceased current operations in February 2021 and has been placed into care and maintenance. It will be repurposed for use as part of the Yanacocha Sulfides project. The Carachugo leach pad processes oxide material from the Quecher Main project. Yanacocha’s available mining fleet consists of two shovels, four excavators, one loader and 31 haul trucks, each with 233-tonne payload. Yanacocha’s gross property, plant and mine development at December 31, 2021 was $5,139. Yanacocha produced 264,000 ounces of gold (135,000 attributable ounces of gold) in 2021 and reported 3.2 million attributable ounces of gold reserves and 780 million attributable pounds of copper reserves at December 31, 2021.

In February 2022, the Company increased its ownership interest to 95% by acquiring Buenaventura’s 43.65% noncontrolling interest in Yanacocha. See Note 1 of the Consolidated Financial Statements for further information.

Brownfield exploration and development for new reserves is ongoing and we continue to evaluate the potential for mining oxide and sulfide gold and copper mineralization.

Merian, Suriname. (75% owned) The Merian gold mine (“Merian”) is owned 75% by Newmont Suriname, LLC (“Newmont Suriname”) (formerly known as Suriname Gold Company LLC and 100% indirectly owned by Newmont Corporation) and 25% by Staatsolie Maatschappij Suriname N.V. (“Staatsolie,” a company wholly owned by the Republic of Suriname). Merian is located in Suriname, approximately 40 miles (66 kilometers) south of the town of Moengo and 19 miles (30 kilometers) north of the Nassau Mountains, close to the French Guiana border. Newmont’s interest in the Merian mine was acquired through a Right of Exploitation as defined in a Mineral Agreement. The Right of Exploitation was registered in November 2014, spans a period of 25 years and covers an

area of 41,484 acres (16,788 hectares). The operation currently includes the Merian 2 open pit, the Merian 1 open pit and the Maraba open pit. The Merian 1 pit was added in April 2021. All of the gold mineralization at Merian is closely associated with quartz veining within siltstone and sandstone formations. The available mining fleet consists of three shovels, three mining excavators and 36 haul trucks, each with 150-tonne payload. Merian includes processing facilities that utilize a conventional gold mill, primary crusher and processing plant, consisting of a comminution plant, including gravity and cyanide leach processes, with recovery by carbon-in-leach, elution, electrowinning and induction furnace smelting to produce a gold doré product. Merian’s gross property, plant and mine development at December 31, 2021 was $1,180. Merian produced 437,000 ounces of gold (328,000 attributable ounces of gold) in 2021 and reported 4.0 million attributable ounces of gold reserves at December 31, 2021.

Brownfield exploration and development for new reserves is ongoing.

Cerro Negro, Argentina. (100% owned) Cerro Negro is located in southern Argentina about 250 miles (400 kilometers) southwest of the coastal city of Comodoro Rivadavia. The mineral tenure consists of ten mining property titles totaling 53,246 acres (21,548 hectares), and three exploration licenses, covering 13,193 acres (5,339 hectares). We also own significant lands in the Cerro Negro mine area, totaling approximately 27,429 acres (11,100 hectares), which lands overlie the Bajo Negro and Vein Zone deposits and adjacent prospects. Cerro Negro consists of the Eureka, Mariana Central and Mariana Norte operating underground mines and the Emilia and San Marcos underground mines, which are currently in development. Deposits within the Cerro Negro mine operations are low sulfidation, epithermal gold/silver vein deposits. Cerro Negro’s available underground mining fleet consists of 13 underground loaders, 19 underground haul trucks and eight surface haul trucks, each with 30 to 40-tonne payloads and additional auxiliary equipment as required. The processing plant facilities consist of a crushing plant, a grinding circuit, agitated leaching, counter-current decantation, solution clarification, Merril Crowe zinc precipitation and smelting to produce gold/silver doré bars that are shipped to a refinery for further processing. Cerro Negro’s gross property, plant and mine development at December 31, 2021 was $1,858. Cerro Negro produced 270,000 ounces of gold in 2021 and reported 2.6 million ounces of gold reserves at December 31, 2021.

Brownfield exploration and development for new reserves is ongoing, including the development of the Eastern district.

Pueblo Viejo, Dominican Republic. (40% owned) Pueblo Viejo is a joint venture with Barrick, where Barrick is the operator. We report our interest in Pueblo Viejo on an equity method basis. Pueblo Viejo, located approximately 60 miles (100 kilometers) northwest of Santo Domingo, encompasses an area of approximately 12,059 acres (4,880 hectares) consisting of two open pit operations, Moore and Monte Negro. Pueblo Viejo is a high sulfidation, quartz-alunite epithermal gold and silver deposit. Process facilities include a conventional mill which consists of a crushing and grinding circuit, an autoclave, and a carbon-in-leach circuit. Pueblo Viejo produced 325,000 attributable ounces of gold in 2021 and reported 3.6 million ounces of attributable gold reserves at December 31, 2021.

Australia

The Australia region maintains its headquarters in Perth, Australia and operates two sites, Boddington and Tanami.

Aboriginal land rights in Australia, which recognize the traditional rights and customs of Aboriginal people, are governed by the Commonwealth Native Title Act and certain other Acts specific to individual states and territories. The Commonwealth Native Title Act was enacted in 1993 following a decision in the High Court of Australia, which held that Aboriginal people, who have maintained a continuing connection with their land according to their traditional laws and customs, may hold certain rights which should be recognized under Australian common law. In the Northern Territory, where the Tanami operation is located, the Aboriginal Land Rights Act (“ALRA”) was introduced in 1976, which established an Aboriginal Land rights regime. Under the ALRA, approximately 50% of the land in the Northern Territory is Aboriginal freehold land.

All of Newmont’s operations in Australia take place on land that falls under the custodianship of Aboriginal people. Newmont does not consider that native title claims or determined areas where rights have been established are an impediment to the operation of existing mines. Newmont has existing agreements with the traditional owners of the land utilized by our Tanami and Boddington operations. Any future agreements would depend on a determination of native title, which is likely to take many years. If successful, a native title determination could give rights to compensation claims in the future. Throughout Australia, new exploratory and mining tenements may require native title agreements to be entered into and will be subject to a negotiation process, which often gives rise to compensation payments and heritage survey protocols.

In Australia, various ad valorem royalties and taxes are paid to state and territorial governments, typically based on a percentage of gross revenues or earnings. Aboriginal groups have negotiated compensation/royalty payments as a condition to granting access to areas where native title rights are determined or where they own the land.


Boddington, Australia. (100% owned) Boddington is located 81 miles (130 kilometers) southeast of Perth in Western Australia and is accessible primarily by paved road. Boddington has been wholly owned since June 2009 when Newmont acquired the final 33.33% interest from AngloGold Ashanti Australia Limited. The Boddington project area comprises 52,506 acres (21,249 hectares) of mining tenure leased from the State of Western Australia, of which 26,910 acres (10,890 hectares) is subleased from the South 32 Worsley Joint Venturers. The total project area is comprised of multiple leases that expire between 2022 and 2041. Royalties are paid to the state government at 2.5% for gold and 5% for copper based on revenue. Shipping and treatment and refining costs are allowable deductions from revenue for royalty calculations for copper. Newmont owns 74,474 acres (30,139 hectares) of rural freehold property, some of which overlaps existing mining tenure.

Boddington consists of greenstone diorite hosted mineralization and exploration activities continue to develop the known reserve. The mine operates two pits (North and South Pits), utilizing two electric rope shovels, a diesel powered face shovel and an electric hydraulic shovel as its prime ex-pit material movers with a fleet of 36 production autonomous haulage trucks. Boddington has a current capacity to mine approximately 150,000 to 200,000 tonnes of material per day. The milling plant includes a three-stage crushing facility (two primary crushers, six secondary crushers and four high-pressure grinding rolls), four ball mills, a flotation circuit and a carbon-in-leach circuit. The flotation circuit process recovers gold-copper concentrate before the material is then processed by a traditional carbon-in-leach circuit where the remaining gold is recovered to produce doré. Mining operations consist of two open pit operations located adjacent to each other.

Power for the operation is sourced through the local power grid under a long-term power purchase agreement with Bluewaters Power.

Boddington’s gross property, plant and mine development at December 31, 2021 was $4,607.

Boddington produced 696,000 ounces of gold and 163,000 gold equivalent ounces of other metals in 2021. As of December 31, 2021 and 2020, Boddington reported 11.6 million and 12.7 million ounces of gold reserves, respectively, and 1,290 million and 1,420 million pounds of copper reserves. respectively. The overall reduction in reserves is primarily due to depletion.

As of December 31, 2021 and 2020, Boddington reported 4.8 million and 3.6 million ounces of gold resources, respectively, and 680 million and 540 million pounds of copper resources. respectively. The overall increase in resources is primarily due to the addition of a layback in the North Open Pit.

Brownfield exploration and development for new reserves is ongoing.

Tanami, Australia. (100% owned) Tanami is located in the Northern Territory approximately 342 miles (550 kilometers) northwest of Alice Springs. The underground mining infrastructure and operation is located at Dead Bullock Soak (“DBS”). The processing infrastructure is located 25 miles (40 kilometers) to the east of the mining operations at the Granites. Ore is transported by road train from DBS underground to the processing facility at the Granites. Newmont’s landholdings at Tanami consist of mineral leases and exploration licenses. Additionally, Newmont operates through agreements with the Central Land Council who represent the Warlpiri people. Newmont acquired its ownership in the mine in 2002, as a result of the merger with Normandy Mining Limited (“Normandy”).

The Newmont Tanami Operations has an area of 1,620,332 acres (655,725 hectares) of exploration licenses (including 677,736 acres (274,270 hectares) relating to the Tobruk and Monza Joint Ventures entered into with Prodigy Gold, for which Newmont is the operator) and 11,025 acres (4,462 hectares) of mineral leases granted pursuant to the Northern Territory Mineral Titles Act. The total project area is comprised of multiple leases and licenses that expire between 2022 and 2036. The operation has been granted authorization via the Northern Territory Mining Management Act to undertake mining activities on these mineral leases.

Tanami consists of sediment hosted sheeted quartz vein mineralization. Tanami, as an underground mining operation, has a fleet of nine underground loaders and 21 haul trucks, each with 60 to 65-tonne payloads. Processing plant facilities currently consist of a crushing plant, a grinding circuit, gravity carbon in pulp tanks and a conventional tailings disposal facility. Tanami’s gross property, plant and mine development at December 31, 2021 was $2,298. Tanami produced 485,000 ounces of gold in 2021 and reported 5.8 million ounces of gold reserves at December 31, 2021.

Brownfield exploration and development for new reserves is ongoing with the main focus being underground ore definition drilling of the Auron, Federation and Liberator ore bodies as well as exploration of the Oberon deposit.

Africa

The Africa region maintains its headquarters in Accra, Ghana and operates two sites, Ahafo and Akyem.

In December 2003, Ghana’s Parliament unanimously ratified an Investment Agreement (“IA”) between Newmont and the government of Ghana. The IA established a fixed fiscal and legal regime, including fixed royalty and tax rates, for the life of any Newmont project in Ghana. In December 2015, Ghana’s Parliament ratified the Revised Investment Agreements (“Ghana Investment Agreements” or “Revised IAs”). Currently, the maximum corporate income tax rate remains at 32.5% and royalties are paid on a sliding scale system that is based on average monthly gold prices. The rates range from 3% to 5% of revenues (plus an additional 0.6% for any production from forest reserve areas). The government of Ghana is also entitled to receive 10% of a project’s net cash flow after reaching specific production milestones by receiving 1/9th of the total amount paid as dividends to Newmont parent. When the average quoted gold price exceeds $1,300 per ounce within a calendar year, an advance payment on these amounts of 0.6% of total revenues is required. The Ghana Investment Agreements also contain commitments with respect to job training for local Ghanaians, community development, purchasing of local goods and services and environmental protection.

The Ghana Investment Agreements also include a change in tax stabilization from life of mine to 15 years from commercial production for each mine. In October 2017, the government of Ghana approved Newmont’s request to extend the stability period of the Revised IAs at the Ahafo operations for five years to December 31, 2025. The extension was approved based on Newmont’s commitment to invest at least $300 for the Subika Underground and Ahafo Mill Expansion projects. This commitment was completed during the fourth quarter of 2018.

The Ahafo and Akyem mines operate using electrical power generated by the Volta River Authority along with supplemental power generation capacity built by Newmont.


Ahafo, Ghana. (100% owned) Our current Ahafo operation ("Ahafo South") is located near Kenyasi in the Ahafo Region of Ghana, approximately 180 miles (290 kilometers) northwest of the national capital city of Accra, and is largely accessible by paved roads. In 2002, Newmont acquired 50% of Ahafo South as a result of the merger with Normandy. In 2003, Newmont purchased the remaining interest from Moydow Mines International Inc. (“Moydow”), thereby making it a wholly owned subsidiary. The Ahafo South mine commenced commercial production in 2006 and currently operates a mill, two pits and an underground operation. In July 2021, the Board of Directors approved full funding for the Ahafo North project which will expand our existing footprint in Ghana with four open pit mines and a stand-alone mill located approximately 30 kilometers from our current Ahafo South operations.

The Ahafo South operations cover an area of approximately 137,000 acres (55,000 hectares) for the mining lease concession with current mine take area of approximately 13,200 acres (5,300 hectares) that has been fully compensated and approximately 10,700 acres (4,300 hectares) of mining area that has not been fully compensated (e.g. payment would be necessary to move people from their land). The Ahafo South mine operates on three mining leases between the Government of Ghana and Newmont Ghana Gold Ltd. The leases grant the exclusive rights to work, develop and produce gold in the lease area, including the processing, storing and transportation of mineral and materials. The leases require Ahafo South to respect or perform certain financial and statutory reporting obligations and expire in 2031 and are renewable subject to certain conditions. Ahafo South pays a royalty of 2% on net smelter returns to Franco-Nevada for all gold ounces recovered from areas previously owned by Moydow and a sliding scale royalty based on the average monthly gold price up to 5% on gold production to the government of Ghana.

The Ahafo South mine is composed of three orogenic gold deposits that have oxide and primary mineralization. Gold occurs primarily in pyrite and secondarily as native gold in quartz veins. Ahafo South has two active open pits, Subika and Awonsu. Subika added an underground operation, which reached commercial production in November 2018, and Awonsu completed a layback in November 2019. The available mining fleet for surface mining consists of three shovels and 36 haul trucks, each with 141-tonne payload. The available mining fleet for underground mining consists of seven underground loaders and 11 haul trucks, with payload ranging from 55 to 60-tonnes. The daily production rate is approximately 95,000 tonnes. The original processing plant was commissioned in 2006. The Ahafo Mill Expansion which was completed in October 2019, expanded the plant capacity to process approximately 11 million tonnes per year. The current processing plant consists of two crushing plants, two grinding circuits, carbon-in-leach circuits, elution circuit, counter current decantation circuit, a tailings disposal facility and an analytical laboratory managed by a third party.

Brownfield exploration and development for new reserves is ongoing.

Ahafo South’s gross property, plant and mine development at December 31, 2021 was $2,793.

Ahafo South produced 481,000 ounces of gold in 2021. As of December 31, 2021 and 2020, Ahafo South reported 6.1 million and 6.1 million ounces of gold reserves respectively. Reserves remained constant primarily as a result of depletion partially offset by conversion of resources to reserves. As of December 31, 2021 and 2020, Ahafo South reported 5.0 million and 4.2 million ounces of gold resources respectively. The increase to primarily due to the additions of resources through our exploration programs partially offset by depletion.

Akyem, Ghana. (100% owned) Akyem, located in Birim North District of the Eastern Region of Ghana, approximately 80 miles (125 kilometers) northwest of the national capital city of Accra, is an open pit mining operation and covers an area of approximately 16,000 acres (6,000 hectares). Process facilities include a crushing plant, a SAG and ball milling circuit, carbon-in-leach circuit, elution circuit and bullion smelting facilities. The available mining fleet consists of four excavators made up of two front end shovels and two backhoe excavators and nineteen 136-tonne haul trucks. The Akyem mine is an orogenic gold deposit that has oxide and primary mineralization. Akyem’s gross property, plant and mine development at December 31, 2021 was $1,564. Akyem produced 381,000 ounces of gold in 2021 and reported 1.8 million ounces of gold reserves at December 31, 2021.

Nevada


NGM, Nevada, USA. (38.5% owned) NGM, located in Elko, Nevada. On July 1, 2019, Newmont and Barrick consummated the Nevada JV Agreement, which combined the Company’s Nevada mining operations with Barrick’s Nevada mining operations resulting in the establishment of NGM; a joint venture with Barrick who is the operator. NGM operations are primarily accessible by paved road and is comprised of 180,921 acres (73,217 hectares) in aggregate including Cortez 53,999 acres (21,853 hectares), Carlin 58,255 acres (23,575 hectares), Turquoise Ridge 26,679 acres (10,797 hectares), Phoenix 17,900 acres (7,244 hectares), and Long Canyon 24,088 acres (9,748 hectares). Power is either purchased in the open market or supplied by the power plants owned and operated by NGM.

All sites at NGM contain open pit operations while Cortez, Carlin, and Turquoise Ridge also include underground operations. At Cortez, mineralization is sedimentary rock-hosted and consists of submicron to micrometer-sized gold particles and gold in solid solution in pyrite. Refractory ore is transported to Carlin for processing. Phoenix is a skarn-hosted polymetallic massive sulfide replacement deposit. The Phoenix mill produces a gravity gold concentrate and a copper/gold flotation concentrate and recovers additional gold from cyanide leaching of the flotation tails. Carlin, Turquoise Ridge, and Long Canyon are a sediment-hosted disseminated gold deposit. Additionally, at Long Canyon, oxide ore with suitable cyanide solubility is treated on a heap leach pad. Gold recovered from the leach pad is transferred as gold-bearing carbon to Carlin for refining and shipment.

In Nevada, mining taxes are assessed on up to 5% of net proceeds of a mine. During 2021, the Nevada legislature enacted a new excise tax which is assessed up to 1.1% of gross revenues.

NGM owns, or controls through long-term mining leases and unpatented mining claims, all of the minerals and surface area within the boundaries of the present Nevada mining operations. The long-term leases extend for at least the anticipated mine life of those deposits. With respect to a significant portion of the Gold Quarry mine at Carlin, NGM pays a net smelter royalty equivalent to 16.2% of the mineral production. NGM wholly-owns or controls the remainder of the Gold Quarry mineral rights, in some cases subject to additional royalties. With respect to certain smaller deposits in Nevada, NGM is obligated to pay royalties on production to third parties that vary from 1% to 8% of production.

Additionally, there is a toll milling agreement with NGM for processing sulfide concentrate produced at CC&V. Under the terms of the agreement, CC&V is required to deliver a minimum of 4,000 tons and a maximum of 8,333 tons of concentrate per month for milling to NGM. CC&V continues to hold title to the concentrate sent to NGM for processing and receives bullion credits for gold recovered and NGM utilizes the concentrate as a fuel source for the NGM roaster. The agreement expires on December 31, 2022.

Each site has its own process facilities which include: an oxide mill, which consists of a crushing and grinding circuit and carbon-in-leach circuit, and two heap leach pads at Cortez; an autoclave, two roasters, an oxide mill/flotation circuit and four heap leach pads at Carlin; the Sage autoclave, an oxide mill, and three heap leach pads at Turquoise Ridge; a flotation mill, a carbon-in-leach plant, a copper leach pad and a solvent extraction electrowinning (“SX/EW”) plant at Phoenix; and a heap leach pad at Long Canyon. NGM has a current capacity across all sites to mine approximately 340,000 tonnes of material per day. The milling facilities were commissioned over a range of years beginning in the 1990’s. They undergo routine maintenance each year with process improvements implemented as the projects are identified and approved.

The NGM operations include, in aggregate, an open pit mining fleet consisting of 25 shovels and 162 haul trucks with an average payload of 270 tons, and an underground mining fleet consisting of 60 underground loaders and 74 haul trucks, with an average payload of 34 tons.

Newmont’s share of NGM’s gross property, plant and mine development at December 31, 2021 was $7,738.

NGM produced 1.3 million attributable ounces of gold in 2021. As of December 31, 2021 and 2020, NGM reported 19.3 million and 17.4 million attributable ounces of gold reserves, respectively. The increase in reserves is primarily due to the inclusion of Goldrush in 2021. As of December 31, 2021 and 2020, NGM reported 16.2 million and 15.3 million attributable ounces of gold resources, respectively. The increase to resources is primarily due to the additions through our exploration programs.

Brownfield exploration and development for new reserves is ongoing.

Operating Statistics

Operating Statistics, Proven and Probable Reserves and Measured, Indicated and Inferred Resources presented below contain tabular information that is presented in both metric and imperial as follows: (i) metric tonnage is utilized for all metals; (ii) gold and silver grades are presented in grams per tonne; (iii) copper, lead, zinc and molybdenum grades are presented in percentages; and (iv) metal content for gold and silver is presented in ounces while metal content for copper, lead, zinc and molybdenum is presented in pounds. The information that is presented in metric for the periods ended December 31, 2020 and 2019 has been converted from the 2020 10-K, filed with the SEC on February 18, 2021, as this information was previously presented in imperial.

The following tables detail operating statistics related to gold production, ounces sold and production costs per ounce of our continuing operations:


Year Ended December 31, 2021	North America			South America			Australia(4)			Africa			Nevada			Total Gold
Tonnes mined (000 tonnes):
Open pit	218,393			101,682			66,308			59,929			121,067			567,379
Underground	3,398			885			2,615			1,533			2,448			10,879
Tonnes processed (000 tonnes):
Mill	43,033			16,437			42,708			18,078			13,690			133,946
Leach	17,607			17,318			—			—			17,121			52,046
Average ore grade (grams/tonne):
Mill	1.250			1.441			0.972			1.639			3.272			1.444
Leach	0.455			0.603			—			—			0.578			0.545
Average mill recovery rate	84.5		%	93.1		%	89.5		%	90.3		%	75.0		%	85.3		%
Ounces produced (000):
Mill	1,408			715			1,181			862			1,083			5,249
Leach	190			256			—			—			189			635

Consolidated	1,598			971			1,181			862			1,272			5,884
Attributable	1,598			733			1,181			862			1,272			5,646
Consolidated ounces sold (000)	1,628			964			1,173			858			1,274			5,897
Production costs per ounce sold: (1)
Direct mining and production costs	$	769		$	840		$	720		$	683		$	819		$	769
By-product credits	(4)			(89)			(10)			(3)			(62)			(32)
Royalties and production taxes	37			88			46			118			47			61
Write-downs and inventory change	(6)			(7)			(1)			1			(49)			(13)
Costs applicable to sales (2)	796			832			755			799			755			785
Depreciation and amortization	363			363			175			307			432			336
Reclamation accretion	8			34			8			10			6			12
Total production costs	$	1,167		$	1,229		$	938		$	1,116		$	1,193		$	1,133

All-in sustaining costs per ounce sold (2)	$	1,016		$	1,130		$	1,002		$	1,022		$	918		$	1,062


Year Ended December 31, 2020	North America			South America			Australia(4)			Africa			Nevada			Total Gold
Tonnes mined (000 tonnes):
Open pit	183,010			98,010			89,941			66,848			137,220			575,029
Underground	2,772			648			2,731			1,429			2,419			9,999
Tonnes processed (000 tonnes):
Mill	37,907			19,881			43,136			17,740			14,868			133,532
Leach	20,955			15,701			—			—			12,435			49,091
Average ore grade (grams/tonne):
Mill	1.281			1.337			0.935			1.672			3.189			1.442
Leach	0.476			0.354			—			—			0.576			0.462
Average mill recovery rate	84.5		%	89.1		%	90.7		%	90.0		%	74.9		%	84.9		%
Ounces produced (000):
Mill	1,240			777			1,165			851			1,151			5,184
Leach	217			240			—			—			183			640
Consolidated	1,457			1,017			1,165			851			1,334			5,824
Attributable	1,457			736			1,165			851			1,334			5,543
Consolidated ounces sold (000)	1,448			1,034			1,160			853			1,336			5,831
Production costs per ounce sold: (1)
Direct mining and production costs	$	736		$	725		$	698		$	663		$	800		$	731
By-product credits	(4)			(51)			(8)			(2)			(44)			(22)
Royalties and production taxes	39			82			45			103			31			55
Write-downs and inventory change	2			55			(20)			(51)			(30)			(8)
Costs applicable to sales (2)	773			811			715			713			757			756
Depreciation and amortization	385			358			182			311			434			343
Reclamation accretion	10			34			8			12			6			13
Total production costs	$	1,168		$	1,203		$	905		$	1,036		$	1,197		$	1,112

All-in sustaining costs per ounce sold (2)	$	1,049		$	1,100		$	964		$	890		$	920		$	1,045


Year Ended December 31, 2019	North America			South America			Australia			Africa			Nevada			Total Gold
Tonnes mined (000 tonnes):
Open pit	123,216			93,227			102,540			68,420			139,810			527,213
Underground	2,796			911			3,170			1,217			2,662			10,756
Tonnes processed (000 tonnes):
Mill	19,880			20,328			48,642			14,477			17,891			121,218
Leach	19,502			31,421			—			—			14,017			64,940
Average ore grade (grams/tonne):
Mill	1.533			1.835			1.038			2.425			2.728			1.668
Leach	0.438			0.382			—			—			0.632			0.453
Average mill recovery rate	81.6		%	90.0		%	88.8		%	92.7		%	78.3		%	86.1		%
Ounces produced (000):
Mill	782			1,087			1,431			1,051			1,229			5,580
Leach	254			298			—			—			246			798
Development (3)	—			—			—			14			—			14
Consolidated	1,036			1,385			1,431			1,065			1,475			6,392
Attributable	1,036			997			1,431			1,065			1,475			6,004
Consolidated ounces sold (000)	1,080			1,404			1,438			1,051			1,492			6,465
Production costs per ounce sold: (1)
Direct mining and production costs	$	858		$	606		$	693		$	525		$	765		$	691
By-product credits	(4)			(34)			(6)			(2)			(19)			(14)
Royalties and production taxes	22			65			36			88			13			43
Write-downs and inventory change	7			9			11			(14)			(11)			1
Costs applicable to sales (2)	883			646			734			597			748			721
Depreciation and amortization	356			234			164			295			340			275
Reclamation accretion	12			23			9			9			6			12
Total production costs	$	1,251		$	903		$	907		$	901		$	1,094		$	1,008

All-in sustaining costs per ounce sold (2)	$	1,187		$	814		$	908		$	791		$	935		$	966

____________________________

(1)Production costs do not include items that are included in sustaining costs such as General and administrative; Exploration; Advanced projects, research and development; Other expense, net and Sustaining capital.

(2)Costs applicable to sales per ounce and All-in sustaining costs per ounce are non-GAAP financial measures. See “Non-GAAP Financial Measures” within Part II, Item 7, Management's Discussion and Analysis.

(3)Ounces from the removal and production of de minimis saleable materials during development. Related sales are recorded in Other income (loss), net of incremental mining and processing costs.

(4)On January 2, 2020, the Company sold its 50% interest in Kalgoorlie. There were no operating results at Kalgoorlie for the years ended December 31, 2021 and 2020. Refer to Note 10 for additional information.

The following tables detail operating statistics related to co-product metal production and sales:


	Year Ended December 31, 2021
	Copper (1)		Silver (2)		Lead (2)		Zinc (2)
	(pounds)		(ounces)		(pounds)		(pounds)
Tonnes milled (000 tonnes)	40,058		35,730		35,730		35,730
Average milled grade (% tonnes/tonnes) / (grams/tonnes)	0.11	%	32.42		0.29	%	0.77	%
Average mill recovery rate	80.7	%	91.9	%	82.3	%	84.0	%


Consolidated pounds (millions) / ounces (thousands) produced	71		31,375		177		435
Consolidated pounds (millions) / ounces (thousands) sold	69		32,237		173		433


	Year Ended December 31, 2020
	Copper (1)		Silver (2)		Lead (2)		Zinc (2)
	(pounds)		(ounces)		(pounds)		(pounds)
Tonnes milled (000 tonnes)	40,457		30,590		30,590		30,590
Average milled grade (% tonnes/tonnes) / (grams/tonnes)	0.08	%	34.57		0.35	%	0.80	%
Average mill recovery rate	80.2	%	90.8	%	80.1	%	84.1	%


Consolidated pounds (millions) / ounces (thousands) produced	56		27,801		179		381
Consolidated pounds (millions) / ounces (thousands) sold	56		28,596		185		407


	Year Ended December 31, 2019
	Copper						Silver		Lead		Zinc
	Australia		Nevada		Total		Total (2)		Total (2)		Total (2)
	(pounds)		(pounds)		(pounds)		(ounces)		(pounds)		(pounds)
Tonnes milled (000 tonnes)	39,811		4,669		44,480		13,642		13,642		13,642
Average milled grade (% tonnes/tonnes) / (grams/tonnes)	0.10	%	0.09	%	0.10	%	45.36		0.48	%	0.86	%
Average mill recovery rate	80.3	%	59.7	%	78.2	%	87.8	%	78.8	%	84.1	%
Tonnes leached (000 tonnes)	—		3,696		3,696		—		—		—
Average leached grade	—		0.25	%	0.25	%	—		—		—
Consolidated pounds (millions) produced	64		15		79		15,860		108		187
Consolidated pounds (millions) sold	63		17		80		15,987		108		179

____________________________

(1)All of our 2021 and 2020 copper co-product production came from Australia, specifically the Boddington Mine.

(2)All of our 2021, 2020 and 2019 silver, lead and zinc co-product production came from North America, specifically the Peñasquito Mine.

The following tables detail operating statistics related to co-product metal production costs per gold equivalent ounce (“GEO”) sold. Gold equivalent ounces are calculated as pounds or ounces produced multiplied by the ratio of the other metals’ price to the gold price, using the metal prices in the table below:


	Gold		Copper		Silver		Lead		Zinc
	(ounce)		(pound)		(ounce)		(pound)		(pound)
2021 GEO Price	$	1,200	$	2.75	$	22.00	$	0.90	$	1.05
2020 GEO Price	$	1,200	$	2.75	$	16.00	$	0.95	$	1.20
2019 GEO Price	$	1,200	$	2.75	$	15.00	$	0.90	$	1.05


	Year Ended December 31, 2021
	North America		Australia(4)		Total / Weighted-Average
Production costs per GEO sold: (1)
Costs applicable to sales (2)	$	603	$	902	$	640
Depreciation and amortization	291		147		273
Reclamation and remediation	5		11		6
Total production costs per GEO sold (3)	$	899	$	1,060	$	919

All-in sustaining costs per GEO sold (2)	$	826	$	1,112	$	900


	Year Ended December 31, 2020
	North America		Australia(4)		Total / Weighted-Average
Production costs per GEO sold: (1)
Costs applicable to sales (2)	$	535	$	837	$	571
Depreciation and amortization	302		152		284
Reclamation and remediation	8		11		9
Total production costs per GEO sold (3)	$	845	$	1,000	$	864

All-in sustaining costs per GEO sold (2)	$	828	$	1,080	$	858


	Year Ended December 31, 2019
	North America		Australia		Nevada		Total / Weighted-Average
Production costs per GEO sold: (1)
Costs applicable to sales (2)	$	886	$	803	$	750	$	858
Depreciation and amortization	342		151		243		291
Reclamation and remediation	16		11		14		14
Total production costs per GEO sold (3)	$	1,243	$	965	$	1,007	$	1,164

All-in sustaining costs per GEO sold (2)	$	1,339	$	954	$	894	$	1,222

____________________________

(2)Costs applicable to sales per GEO and All-in sustaining costs per GEO are non-GAAP financial measures. See “Non-GAAP Financial Measures” within Part II, Item 7, Management's Discussion and Analysis.

(3)May not recalculate due to rounding.

Proven and Probable Reserves

All of our reserves are located on land (i) we own or control, or (ii) that is owned or controlled by business entities established with our joint venture partners, in which the Company owns its pro-rata share of the capital stock, membership units, or interests. The risks that could affect title to our property are included above in Part I, Item 1A, Risk Factors.

A “mineral reserve” is an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is the economically mineable part of a measured or indicated mineral resource, which includes diluting materials and allowances for losses that may occur when the material is mined or extracted. The term “economically viable,” as used in the definition of reserve, means that the qualified person has analytically determined that extraction of the mineral reserve is economically viable under reasonable investment and market assumptions.

The term “proven reserves” means the economically mineable part of a measured mineral resource and can only result from conversion of a measured mineral resource. The term “probable reserves” means reserves for which quantity and grade are computed from information similar to that used for proven reserves, but the sites for sampling are farther apart or are otherwise less closely spaced. The degree of assurance, although lower than that for proven reserves, is high enough to assume continuity between points of observation. Proven and probable reserves include gold, copper, silver, lead, zinc or molybdenum attributable to Newmont’s ownership or economic interest.

Proven and probable reserves are based on extensive drilling, sampling, mine modeling and metallurgical testing from which we determined economic feasibility. The reference point for mineral reserves is the point of delivery to the process plant. Metal price assumptions, adjusted for our exchange rate assumption, are based on considering such factors as market forecasts, industry consensus and management estimates. The price sensitivity of reserves depends upon several factors including grade, metallurgical recovery, operating cost, waste-to-ore ratio and ore type. Metallurgical recovery rates vary depending on the metallurgical properties of each deposit and the production process used. The reserve tables below list the average metallurgical recovery rate for each deposit, which takes into account the relevant processing methods. The cut-off grade, or lowest grade of mineralization considered economic to process, varies between deposits depending upon prevailing economic conditions, mineability of the deposit, by-products, amenability of the ore to gold, copper, silver, lead, zinc or molybdenum extraction and type of milling or leaching facilities available. Reserve

estimates may have non-material differences in comparison to our Joint Venture partners due to differences in classification and rounding methodology.

The proven and probable reserve figures presented herein are estimates based on information available at the time of calculation. No assurance can be given that the indicated levels of recovery of gold, copper, silver, lead, zinc and molybdenum will be realized. Ounces of gold or silver or pounds of copper, lead, zinc or molybdenum included in the proven and probable reserves are those contained prior to losses during metallurgical treatment. Reserve estimates may require revision based on actual production. Market fluctuations in the price of gold, copper, silver, lead, zinc and molybdenum, as well as increased production costs or reduced metallurgical recovery rates, could render certain proven and probable reserves containing higher cost reserves uneconomic to exploit and might result in a reduction of reserves.

We had attributable proven and probable gold reserves of 92.8 million ounces at December 31, 2021. For 2021 and 2020, reserves were estimated at a gold price assumption of $1,200 per ounce. We estimate our 2021 reserves would increase by 6% (5.7 million ounces), or decline by 8% (7.5 million ounces), if estimated at a $1,300 and $1,100 per ounce gold price, respectively, with all other assumptions remaining constant.

We publish reserves annually, and will recalculate reserves at December 31, 2022, taking into account metal prices, changes, if any, to future production and capital costs, divestments and depletion as well as any acquisitions and additions during 2022.

Proven and probable reserves disclosed at December 31, 2021 have been prepared in accordance with the new Regulation S-K 1300 requirements of the SEC; whereas proven and probable reserves disclosed at December 31, 2020 have been prepared in accordance with the SEC’s Industry Guide 7 ("IG7"). Our historical methodology applied to the prior year of estimating reserves was not significantly impacted as a result of the change from IG7 to S-K 1300, therefore we believe the amounts presented at December 31, 2021 and 2020, under the respective methodologies, are comparable.

The Company has internal controls for reviewing and documenting the information supporting the mineral reserve and mineral resource estimates, describing the methods used, and ensuring the validity of the estimates. These internal control processes were not materially impacted by the adoption of S-K 1300. Information that is utilized to compile mineral reserves and resources is prepared and certified by appropriately qualified persons at the mine site level and is subject to our internal review process which includes review by the Newmont-designated region and the Qualified Person (“QP”) based in our corporate office in Denver, Colorado. Additionally, all material sites are audited every other year and the non-material sites on a three-year cycle completed by subject matter experts for compliance to internal standards and guidelines as well as regulatory requirements. The QP presents the mineral reserve and mineral resource information to the Audit Committee and the Disclosure Committee on an annual basis for further review.

The following tables detail gold proven and probable reserves reflecting only those reserves attributable to Newmont’s ownership or economic interest at December 31, 2021 and 2020:


Gold Reserves at December 31, 2021 (1)(28)
			Proven Reserves			Probable Reserves			Proven and Probable Reserves
Deposits/Districts	Newmont Share		Tonnage (2) (000 tonnes)	Grade (g/tonne)	Ounces (3) (000)	Tonnage (2) (x1000 tonnes)	Grade (g/tonne)	Ounces (3) (000)	Tonnage (2) (000 tonnes)	Grade (g/tonne)	Ounces (3) (000)	Metallurgical Recovery (3)
North America
CC&V Open Pits (4)	100%		70,700	0.44	1,000	15,400	0.37	180	86,100	0.43	1,180	60%
CC&V Leach Pads (4)(5)	100%		—	—	—	31,200	0.81	810	31,200	0.81	810	57%
Total CC&V, Colorado			70,700	0.44	1,000	46,600	0.66	990	117,300	0.53	1,990	59%
Musselwhite, Canada (6)	100%		2,800	5.07	460	6,700	6.07	1,310	9,500	5.77	1,770	96%
Porcupine Underground (7)	100%		2,300	7.24	530	900	7.97	240	3,200	7.46	770	92%
Porcupine Open Pit (8)	100%		5,900	1.60	310	33,700	1.41	1,520	39,600	1.44	1,830	94%
Total Porcupine, Canada			8,200	3.19	840	34,600	1.58	1,760	42,800	1.89	2,600	93%
Éléonore, Canada (9)	100%		2,200	5.03	350	9,000	5.06	1,470	11,200	5.05	1,820	91%
Peñasquito Open Pits	100%		107,200	0.62	2,140	219,100	0.56	3,910	326,300	0.58	6,050	69%
Peñasquito Stockpiles (10)	100%		7,800	0.43	110	27,900	0.19	170	35,700	0.24	280	69%
Total Peñasquito, Mexico (11)			115,000	0.61	2,250	247,000	0.51	4,080	362,000	0.54	6,330	69%
			198,900	0.77	4,900	343,900	0.87	9,610	542,800	0.83	14,510	78%
South America
Yanacocha Open Pits (12)	51.35%		16,500	0.66	350	68,200	0.68	1,490	84,700	0.68	1,840	57%
Yanacocha Underground (13)	51.35%		—	—	—	7,000	6.20	1,390	7,000	6.20	1,390	97%
Total Yanacocha, Peru (27)			16,500	0.66	350	75,200	1.19	2,880	91,700	1.10	3,230	74%
Merian, Suriname (14)	75%		47,100	1.36	2,050	54,500	1.11	1,950	101,600	1.22	4,000	93%
Cerro Negro, Argentina (15)	100%		1,800	8.93	500	7,200	8.88	2,060	9,000	8.89	2,560	94%
Pueblo Viejo Open Pits	40%		5,000	2.20	350	8,200	2.33	620	13,200	2.28	970	89%
Pueblo Viejo Stockpiles (10)	40%		—	—	—	37,400	2.20	2,640	37,400	2.20	2,640	89%
Total Pueblo Viejo, Dominican Republic (16)			5,000	2.20	350	45,600	2.22	3,260	50,600	2.22	3,610	89%
NuevaUnión, Chile (17)(26)	50%		—	—	—	341,100	0.47	5,110	341,100	0.47	5,110	66%
Norte Abierto, Chile (18)(26)	50%		—	—	—	598,800	0.60	11,620	598,800	0.60	11,620	74%
			70,400	1.44	3,250	1,122,400	0.75	26,880	1,192,800	0.79	30,130	78%
Australia
Boddington Open Pit	100%		237,400	0.70	5,360	239,100	0.66	5,080	476,500	0.68	10,440	86%
Boddington Stockpiles (10)	100%		2,700	0.68	60	79,100	0.43	1,090	81,800	0.44	1,150	79%
Total Boddington, Western Australia (19)			240,100	0.70	5,420	318,200	0.60	6,170	558,300	0.65	11,590	85%
Tanami, Northern Territory (20)	100%		12,700	4.97	2,040	22,100	5.25	3,740	34,800	5.15	5,780	98%
			252,800	0.92	7,460	340,300	0.91	9,910	593,100	0.91	17,370	89%
Africa
Ahafo South Open Pits (21)	100%		11,800	2.35	890	39,700	1.67	2,140	51,500	1.83	3,030	95%
Ahafo South Underground (22)	100%		9,400	3.76	1,140	12,700	2.68	1,100	22,100	3.14	2,240	94%
Ahafo South Stockpiles (10)	100%		28,300	0.92	830	—		—	28,300	0.92	830	89%
Total Ahafo South, Ghana			49,500	1.80	2,860	52,400	1.92	3,240	101,900	1.86	6,100	94%
Ahafo North, Ghana (23)	100%		—	—	—	46,300	2.40	3,570	46,300	2.40	3,570	91%
Akyem Open Pit (24)	100%		15,800	1.61	810	10,900	1.89	660	26,700	1.72	1,470	92%
Akyem Stockpiles (10)	100%		13,900	0.78	350	—	—	—	13,900	0.78	350	91%
Total Akyem, Ghana			29,700	1.22	1,160	10,900	1.89	660	40,600	1.40	1,820	91%
			79,200	1.58	4,020	109,600	2.12	7,470	188,800	1.89	11,490	92%
Nevada
NGM Open Pits	38.5	%	10,000	1.86	600	119,500	1.21	4,650	129,500	1.26	5,250	70%
NGM Stockpiles (10)	38.5	%	14,300	2.03	940	14,900	2.62	1,250	29,200	2.33	2,190	68%
NGM Underground	38.5	%	13,600	9.95	4,340	28,000	8.39	7,560	41,600	8.90	11,900	88%
Total NGM, Nevada (25)			37,900	4.82	5,880	162,400	2.58	13,460	200,300	3.00	19,340	81%

Total Gold			639,200	1.24	25,510	2,078,600	1.01	67,330	2,717,800	1.06	92,840	81%


Gold Reserves at December 31, 2020 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves
Deposits/Districts	Newmont Share	Tonnage (2) (000 tonnes)	Grade (g/tonne)	Ounces (3) (000)	Tonnage (2) (x1000 tonnes)	Grade (g/tonne)	Ounces (3) (000)	Tonnage (2) (000 tonnes)	Grade (g/tonne)	Ounces (3) (000)	Metallurgical Recovery (3)
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%
CC&V Leach Pads (4)(5)	100%	—	—	—	33,000	0.82	880	33,000	0.82	880	57%
Total CC&V, Colorado		85,300	0.50	1,370	52,900	0.66	1,120	138,200	0.56	2,490	61%
Musselwhite, Canada (6)	100%	1,900	6.24	380	7,000	6.25	1,410	8,900	6.25	1,790	95%
Porcupine Underground (7)	100%	2,200	7.86	550	2,800	6.14	550	5,000	6.90	1,100	91%
Porcupine Open Pit (8)	100%	8,200	1.53	410	34,100	1.40	1,540	42,300	1.43	1,950	94%
Total Porcupine, Canada		10,400	2.87	960	36,900	1.76	2,090	47,300	2.01	3,050	93%
Éléonore, Canada (9)	100%	1,400	5.75	260	6,400	4.84	1,000	7,800	5.00	1,260	93%
Peñasquito Open Pits	100%	100,100	0.64	2,060	248,100	0.58	4,620	348,200	0.60	6,680	71%
Peñasquito Stockpiles (10)	100%	11,800	0.65	250	27,800	0.19	170	39,600	0.33	420	53%
Total Peñasquito, Mexico (11)		111,900	0.64	2,310	275,900	0.54	4,790	387,800	0.57	7,100	70%
		210,900	0.78	5,280	379,100	0.85	10,410	590,000	0.83	15,690	78%
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%
Yanacocha Underground (13)	51.35%	—	—	—	7,000	6.20	1,390	7,000	6.20	1,390	97%
Total Yanacocha, Peru		5,800	0.64	120	96,300	1.06	3,290	102,100	1.04	3,410	75%
Merian, Suriname (14)	75%	50,100	1.30	2,100	57,400	1.01	1,870	107,500	1.15	3,970	93%
Cerro Negro, Argentina (15)	100%	2,400	8.35	630	6,600	9.10	1,940	9,000	8.90	2,570	91%
Pueblo Viejo Open Pits	40%	9,500	2.41	730	10,100	2.27	740	19,600	2.34	1,470	91%
Pueblo Viejo Stockpiles (10)	40%	—	—	—	35,800	2.30	2,640	35,800	2.30	2,640	89%
Total Pueblo Viejo, Dominican Republic (16)		9,500	2.41	730	45,900	2.29	3,380	55,400	2.31	4,110	90%
NuevaUnión, Chile (17)(26)	50%	—	—	—	341,100	0.47	5,110	341,100	0.47	5,110	66%
Norte Abierto, Chile (18)(26)	50%	—	—	—	598,800	0.60	11,620	598,800	0.60	11,620	74%
		67,800	1.65	3,580	1,146,100	0.74	27,210	1,213,900	0.79	30,790	79%
Australia
Boddington Open Pit	100%	247,100	0.68	5,430	287,600	0.66	6,060	534,700	0.67	11,490	85%
Boddington Stockpiles (10)	100%	1,600	0.79	40	84,800	0.43	1,160	86,400	0.43	1,200	78%
Total Boddington, Western Australia (19)		248,700	0.69	5,470	372,400	0.60	7,220	621,100	0.64	12,690	85%
Tanami, Northern Territory (20)	100%	14,600	4.89	2,290	21,600	5.15	3,580	36,200	5.05	5,870	98%
		263,300	0.92	7,760	394,000	0.85	10,800	657,300	0.88	18,560	89%
Africa
Ahafo South Open Pits (21)	100%	11,900	2.41	910	38,100	1.75	2,140	50,000	1.90	3,050	90%
Ahafo South Underground (22)	100%	7,500	3.91	950	9,600	3.23	990	17,100	3.53	1,940	94%
Ahafo South Stockpiles (10)	100%	36,200	0.92	1,070	—	—	—	36,200	0.92	1,070	88%
Total Ahafo South, Ghana		55,600	1.64	2,930	47,700	2.04	3,130	103,300	1.82	6,060	91%
Ahafo North, Ghana (23)	100%	—	—	—	45,100	2.40	3,480	45,100	2.40	3,480	91%
Akyem Open Pit (24)	100%	17,100	1.67	920	17,100	1.73	950	34,200	1.70	1,870	91%
Akyem Stockpiles (10)	100%	15,100	0.82	400	—	—	—	15,100	0.82	400	90%
Total Akyem, Ghana		32,200	1.27	1,320	17,100	1.73	950	49,300	1.43	2,270	90%
		87,800	1.51	4,250	109,900	2.14	7,560	197,700	1.86	11,810	91%
Nevada
NGM Open Pits	38.5%	10,500	1.68	570	123,800	1.22	4,870	134,300	1.26	5,440	70%
NGM Stockpiles (10)	38.5%	33,300	2.36	2,530	—	—	—	33,300	2.36	2,530	71%
NGM Underground	38.5%	15,200	10.07	4,930	14,500	9.61	4,490	29,700	9.85	9,420	88%
Total NGM, Nevada (25)		59,000	4.23	8,030	138,300	2.11	9,360	197,300	2.74	17,390	80%

Total Gold		688,800	1.31	28,900	2,167,400	0.94	65,340	2,856,200	1.03	94,240	82%

____________________________

(1)Gold reserves, at sites in which Newmont is the operator, for 2021 and 2020 were estimated at a gold price of $1,200 per ounce unless otherwise noted. Reserves provided by other operators may use pricing that differs.

(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 2021 reserves were as follows: oxide mill material not less than 1.32 gram per tonne and leach material not less than 0.10 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)Cut-off grade utilized in 2021 reserves not less than 3.10 gram per tonne.

(7)Cut-off grade utilized in 2021 reserves not less than 4.00 gram per tonne.

(8)Cut-off grade utilized in 2021 reserves not less than 0.44 gram per tonne.

(9)Cut-off grade utilized in 2021 reserves not less than 4.30 gram per tonne.

(10)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.

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

(12)Gold cut-off grades utilized in 2021 reserves were as follows: oxide leach material not less than 0.07 gram per tonne and refractory mill material not less than 1.45 gram per tonne.

(13)Gold cut-off grades utilized in 2021 were as follows: oxide mill material not less than 2.10 gram per tonne and refractory mill material varies with level of copper and silver credits.

(14)Cut-off grade utilized in 2021 reserves not less than 0.33 gram per tonne.

(15)Cut-off grade utilized in 2021 reserves not less than 5.00 gram per tonne.

(16)The Pueblo Viejo mine, which is 40% owned by Newmont, is accounted for as an equity method investment. Reserve estimates provided by Barrick, the operator of Pueblo Viejo.

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

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

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

(20)Cut-off grade utilized in 2021 reserves not less than 2.20 gram per tonne.

(21)Cut-off grade utilized in 2021 reserves not less than 0.46 gram per tonne.

(22)Cut-off grade utilized in 2021 reserves not less than 2.40 gram per tonne.

(23)Cut-off grade utilized in 2021 reserves not less than 0.57 gram per tonne.

(24)Cut-off grade utilized in 2021 reserves not less than 0.56 gram per tonne.

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

(26)Currently included in Corporate and Other in Note 4 of the Consolidated Financial Statements.

(27)In February 2022, the Company increased its ownership interest in Yanacocha to 95% by acquiring Buenaventura’s 43.65% noncontrolling interest. See Note 1 of the Consolidated Financial Statements for further information.

(28)Amounts presented herein have been rounded to the nearest 10,000 for ounces and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

The following tables detail copper proven and probable reserves reflecting only those reserves attributable to Newmont’s ownership or economic interest at December 31, 2021 and 2020:


Copper Reserves at December 31, 2021 (1)(12)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves
Deposits/Districts	Newmont Share	Tonnage (2) (000 tonnes)	Grade (Cu %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Cu %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Cu %)	Pounds (3) (millions)	Metallurgical Recovery (3)
South America
Yanacocha Open Pits and Underground, Peru (4)	51.35%	—		—	57,700	0.61%	780	57,700	0.61%	780	84%
NuevaUnión, Chile (5)(6)	50%	—		—	1,118,000	0.40%	9,800	1,118,000	0.40%	9,800	88%
Norte Abierto, Chile (6)(7)	50%	—		—	598,800	0.22%	2,890	598,800	0.22%	2,890	87%
		—		—	1,774,500	0.34%	13,470	1,774,500	0.34%	13,470	87%
Australia
Boddington Open Pit, Western Australia (8)	100%	237,400	0.10%	540	239,100	0.11%	590	476,500	0.11%	1,130	82%
Boddington Stockpiles, Western Australia (9)	100%	2,600	0.09%	10	79,100	0.09%	150	81,700	0.09%	160	77%
		240,000	0.10%	550	318,200	0.11%	740	558,200	0.11%	1,290	82%
Nevada
NGM, Nevada (10)	38.5%	6,900	0.17%	30	80,200	0.17%	300	87,100	0.17%	330	65%
		6,900	0.17%	30	80,200	0.17%	300	87,100	0.17%	330	65%
Total Copper		246,900	0.11%	580	2,172,900	0.30%	14,510	2,419,800	0.28%	15,090	87%


Copper Reserves at December 31, 2020 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves
Deposits/Districts	Newmont Share	Tonnage (2) (000 tonnes)	Grade (Cu %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Cu %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Cu %)	Pounds (3) (millions)	Metallurgical Recovery (3)
South America
Yanacocha Open Pits and Underground, Peru (4)(11)	51.35%	—		—	57,700	0.62%	790	57,700	0.62%	790	83%
NuevaUnión, Chile (5)(6)	50%	—		—	1,118,000	0.40%	9,800	1,118,000	0.40%	9,800	88%
Norte Abierto, Chile (6)(7)	50%	—		—	598,800	0.22%	2,890	598,800	0.22%	2,890	87%
		—		—	1,774,500	0.34%	13,480	1,774,500	0.34%	13,480	87%
Australia
Boddington Open Pit, Western Australia (8)	100%	247,100	0.10%	540	287,600	0.11%	720	534,700	0.11%	1,260	82%
Boddington Stockpiles, Western Australia (9)	100%	1,600	0.10%	—	84,800	0.09%	160	86,400	0.09%	160	75%
		248,700	0.10%	540	372,400	0.11%	880	621,100	0.10%	1,420	81%
Nevada
NGM, Nevada (10)	38.5%	14,100	0.20%	60	68,500	0.17%	260	82,600	0.18%	320	64%
		14,100	0.20%	60	68,500	0.17%	260	82,600	0.18%	320	64%
Total Copper		262,800	0.10%	600	2,215,400	0.30%	14,620	2,478,200	0.28%	15,220	86%

____________________________

(1)Copper reserves, at sites in which Newmont is the operator, for 2021 and 2020 were estimated at a copper price of $2.75 per pound. Reserves provided by other operators may use pricing that differs.

(2)See footnote (2) to the Gold Proven and Probable Reserves tables above. Tonnages are rounded to nearest 100,000.

(3)Pounds 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. Pounds may not recalculate as they are rounded to the nearest 10 million.

(4)Reserve estimates relate to the undeveloped Yanacocha Sulfides 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)Currently included in Corporate and Other in Note 4 of the Consolidated Financial Statements.

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

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

(9)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.

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

(11)In February 2022, the Company increased its ownership interest in Yanacocha to 95% by acquiring Buenaventura’s 43.65% noncontrolling interest. See Note 1 of the Consolidated Financial Statements for further information.

(12)Amounts presented herein have been rounded to the nearest 10 million for pounds and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

The following tables detail silver proven and probable reserves reflecting only those reserves attributable to Newmont’s ownership or economic interest at December 31, 2021 and 2020:


Silver Reserves at December 31, 2021 (1)(15)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves
Deposits/Districts	Newmont Share	Tonnage (2) (000 tonnes)	Grade (g/tonne)	Ounces (3) (000)	Tonnage (2) (000 tonnes)	Grade (g/tonne)	Ounces (3) (000)	Tonnage (2) (000 tonnes)	Grade (g/tonne)	Ounces (3) (000)	Metallurgical Recovery (3)
North America
Peñasquito Open Pits, Mexico(4)	100%	107,200	38.79	133,650	219,100	32.75	230,760	326,300	34.73	364,410	87%
Peñasquito Stockpiles, Mexico(5)	100%	7,800	31.10	7,810	27,900	24.15	21,670	35,700	25.67	29,480	87%
		115,000	38.26	141,460	247,000	31.78	252,430	362,000	33.84	393,890	87%
South America
Yanacocha Open Pits and Underground, Peru(6)	51.35%	1,200	7.57	280	48,900	19.08	30,000	50,100	18.80	30,280	55%
Yanacocha Stockpiles, Peru(5)	51.35%	1,400	31.48	1,450	—	—	—	1,400	31.48	1,450	75%
Yanacocha Leach Pads, Peru(7)	51.35%	—	—	—	47,300	8.16	12,400	47,300	8.16	12,400	5%
Total Yanacocha, Peru (14)		2,600	20.81	1,730	96,200	13.85	42,400	98,800	13.85	44,130	42%
Cerro Negro, Argentina(8)	100%	1,700	71.26	4,010	7,200	54.16	12,540	8,900	57.51	16,550	76%
Pueblo Viejo, Dominican Republic(9)	40%	5,000	11.18	1,790	45,600	14.85	21,790	50,600	14.49	23,580	77%
NuevaUnión, Chile(10)(11)	50%	—	—	—	1,118,000	1.31	47,170	1,118,000	1.31	47,170	66%
Norte Abierto, Chile(11)(12)	50%	—	—	—	598,800	1.52	29,340	598,800	1.52	29,340	74%
		9,300	25.14	7,530	1,865,800	2.56	153,240	1,875,100	2.67	160,770	63%
Nevada
NGM, Nevada(13)	38.5%	5,200	7.40	1,230	60,000	6.35	12,250	65,200	6.43	13,480	38%
		5,200	7.40	1,230	60,000	6.35	12,250	65,200	6.43	13,480	38%
Total Silver		129,500	36.08	150,220	2,172,800	5.98	417,920	2,302,300	7.68	568,140	74%


Silver Reserves at December 31, 2020 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves
Deposits/Districts	Newmont Share	Tonnage (2) (000 tonnes)	Grade (g/tonne)	Ounces (3) (000)	Tonnage (2) (000 tonnes)	Grade (g/tonne)	Ounces (3) (000)	Tonnage (2) (000 tonnes)	Grade (g/tonne)	Ounces (3) (000)	Metallurgical Recovery (3)
North America
Peñasquito Open Pits, Mexico	100%	100,100	38.74	124,690	248,100	33.63	268,200	348,200	35.10	392,890	88%
Peñasquito Stockpiles, Mexico(5)	100%	11,800	30.03	11,400	27,800	24.01	21,460	39,600	25.81	32,860	82%
		111,900	37.82	136,090	275,900	32.66	289,660	387,800	34.15	425,750	88%
South America
Yanacocha Open Pits and Underground, Peru	51.35%	2,800	8.89	810	52,900	18.29	31,100	55,700	17.82	31,910	53%
Yanacocha Stockpiles, Peru(5)	51.35%	1,400	36.81	1,670	1,300	35.14	1,450	2,700	36.02	3,120	73%
Yanacocha Leach Pads, Peru(7)	51.35%	—	—	—	55,400	8.18	14,560	55,400	8.18	14,560	5%
Total Yanacocha, Peru		4,200	18.19	2,480	109,600	13.85	47,110	113,800	13.85	49,590	40%
Cerro Negro, Argentina	100%	2,400	66.89	5,060	6,600	72.12	15,360	9,000	70.75	20,420	75%
Pueblo Viejo, Dominican Republic(9)	40%	9,500	12.01	3,660	45,900	15.81	23,330	55,400	15.16	26,990	77%
NuevaUnión, Chile(10)(11)	50%	—	—	—	1,118,000	1.31	47,170	1,118,000	1.31	47,170	66%
Norte Abierto, Chile(11)(12)	50%	—	—	—	598,800	1.52	29,340	598,800	1.52	29,340	74%
		16,100	21.67	11,200	1,878,900	2.69	162,310	1,895,000	2.85	173,510	63%
Nevada
NGM, Nevada(13)	38.5%	6,000	7.83	1,500	53,800	6.90	11,930	59,800	6.99	13,430	38%
		6,000	7.83	1,500	53,800	6.90	11,930	59,800	6.99	13,430	38%
Total Silver		134,000	34.55	148,790	2,208,600	6.53	463,900	2,342,600	8.14	612,690	79%

____________________________

(1)Silver reserves, at sites in which Newmont is the operator, for 2021 and 2020 were estimated at a silver price of $20 and $17 per ounce, respectively. Reserves provided by other operators may use pricing that differs.

(2)See footnote (2) to the Gold Proven and Probable Reserves tables above. Tonnages are rounded to nearest 100,000.

(3)See footnote (3) to the Gold Proven and Probable Reserves tables above. Ounces may not recalculate as they are rounded to the nearest 10,000.

(4)Silver cut-off grade varies with gold, lead and zinc credits.

(5)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.

(6)Silver cut-off grade varies with gold and copper credits.

(7)Leach pad material is the material on leach pads at the end of the year from which silver 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.

(8)Silver cut-off grade varies with gold credits.

(9)The Pueblo Viejo mine, which is 40% owned by Newmont, is accounted for as an equity method investment. Reserve estimates provided by Barrick, the operator of Pueblo Viejo.

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

(11)Currently included in Corporate and Other in Note 4 of the Consolidated Financial Statements.

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

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

(14)In February 2022, the Company increased its ownership interest in Yanacocha to 95% by acquiring Buenaventura’s 43.65% noncontrolling interest. See Note 1 of the Consolidated Financial Statements for further information.

(15)Amounts presented herein have been rounded to the nearest 10,000 for ounces and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

The following tables detail lead proven and probable reserves reflecting only those reserves attributable to Newmont’s ownership or economic interest at December 31, 2021 and 2020:


Lead Reserves at December 31, 2021 (1)(6)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves
Deposits/Districts	Newmont Share	Tonnage (2) (000 tonnes)	Grade (Pb %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Pb %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Pb %)	Pounds (3) (millions)	Metallurgical Recovery (3)
North America
Peñasquito Open Pits (4)	100%	107,200	0.37%	880	219,100	0.3%	1,440	326,300	0.32%	2,320	73%
Peñasquito Stockpiles (5)	100%	7,800	0.34%	60	27,900	0.32%	200	35,700	0.33%	260	73%
Total Lead		115,000	0.37%	940	247,000	0.3%	1,640	362,000	0.32%	2,580	73%


Lead Reserves at December 31, 2020 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves
Deposits/Districts	Newmont Share	Tonnage (2) (000 tonnes)	Grade (Pb %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Pb %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Pb %)	Pounds (3) (millions)	Metallurgical Recovery (3)
North America
Peñasquito Open Pits (4)	100%	100,100	0.39%	870	248,100	0.33%	1,780	348,200	0.34%	2,650	78%
Peñasquito Stockpiles (5)	100%	11,800	0.36%	90	27,800	0.32%	200	39,600	0.33%	290	64%
Total Lead		111,900	0.39%	960	275,900	0.32%	1,980	387,800	0.34%	2,940	76%

____________________________

(1)Lead reserves for 2021 and 2020 were estimated at a lead price of $0.90 per pound.

(2)See footnote (2) to the Gold Proven and Probable Reserves tables above. Tonnages are rounded to nearest 100,000.

(3)See footnote (3) to the Copper Proven and Probable Reserves tables above. Pounds may not recalculate as they are rounded to the nearest 10 million.

(4)Lead cut-off grade varies with level of gold, silver and zinc credits.

(5)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 pounds exceed 100 million and are greater than 5% of the total site-reported reserves.

(6)Amounts presented herein have been rounded to the nearest 10 million for pounds and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.

The following tables detail zinc proven and probable reserves reflecting only those reserves attributable to Newmont’s ownership or economic interest at December 31, 2021 and 2020:


Zinc Reserves at December 31, 2021 (1)(6)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves
Deposits/Districts	Newmont Share	Tonnage (2) (000 tonnes)	Grade (Zn %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Zn %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Zn %)	Pounds (3) (millions)	Metallurgical Recovery (3)
North America
Peñasquito Open Pits (4)	100%	107,200	0.96%	2,260	219,100	0.74%	3,590	326,300	0.81%	5,850	81%
Peñasquito Stockpiles (5)	100%	7,800	0.67%	120	27,900	0.45%	280	35,700	0.5%	400	81%
Total Zinc		115,000	0.94%	2,380	247,000	0.71%	3,870	362,000	0.78%	6,250	81%


Zinc Reserves at December 31, 2020 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves
Deposits/Districts	Newmont Share	Tonnage (2) (000 tonnes)	Grade (Zn %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Zn %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Zn %)	Pounds (3) (millions)	Metallurgical Recovery (3)
North America
Peñasquito Open Pits (4)	100%	100,100	0.98%	2,170	248,100	0.77%	4,210	348,200	0.83%	6,380	82%
Peñasquito Stockpiles (5)	100%	11,800	0.62%	160	27,800	0.44%	270	39,600	0.49%	430	72%
Total Zinc		111,900	0.94%	2,330	275,900	0.74%	4,480	387,800	0.80%	6,810	82%

____________________________

(1)Zinc reserves for 2021 and 2020 were estimated at a zinc price of $1.15 per pound.

(2)See footnote (2) to the Gold Proven and Probable Reserves tables above. Tonnages are rounded to nearest 100,000.

(3)See footnote (3) to the Copper Proven and Probable Reserves tables above. Pounds may not recalculate as they are rounded to the nearest 10 million.

(4)Zinc cut-off grade varies with level of gold, silver and lead credits.

(5)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 pounds exceed 100 million and are greater than 5% of the total site-reported reserves.

The following tables detail molybdenum proven and probable reserves reflecting only those reserves attributable to Newmont’s ownership or economic interest at December 31, 2021 and 2020:


Molybdenum Reserves at December 31, 2021 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves
Deposits/Districts	Newmont Share	Tonnage (2) (000 tonnes)	Grade (Mo %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Mo %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Mo %)	Pounds (3) (millions)	Metallurgical Recovery (3)
South America
NuevaUnión, Chile (4)	50%	—		—	776,900	0.02%	270	776,900	0.02%	270	48%
Total Molybdenum		—		—	776,900	0.02%	270	776,900	0.02%	270	48%


Molybdenum Reserves at December 31, 2020 (1)
		Proven Reserves			Probable Reserves			Proven and Probable Reserves
Deposits/Districts	Newmont Share	Tonnage (2) (000 tonnes)	Grade (Mo %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Mo %)	Pounds (3) (millions)	Tonnage (2) (000 tonnes)	Grade (Mo %)	Pounds (3) (millions)	Metallurgical Recovery (3)
South America
NuevaUnión, Chile (4)	50%	—		—	776,900	0.02%	270	776,900	0.02%	270	48%
Total Molybdenum		—		—	776,900	0.02%	270	776,900	0.02%	270	48%

____________________________

(1)Reserves estimates were estimated based on prices set by the NuevaUnión joint venture. The project is currently undeveloped.

(2)See footnote (2) to the Gold Proven and Probable Reserves tables above. Tonnages are rounded to nearest 100,000.

(3)See footnote (3) to the Copper Proven and Probable Reserves tables above. Pounds may not recalculate as they are rounded to the nearest 10 million.

(4)Currently included in Corporate and Other in Note 4 of the Consolidated Financial Statements.

Measured, Indicated, and Inferred Resources

All of our resources are located on land (i) we own or control, or (ii) that is owned or controlled by business entities established with our joint venture partners, in which the Company owns its pro-rata share of the capital stock, membership units, or interests. The risks that could affect title to our property are included above in Part I, Item 1A, Risk Factors.

The measured, indicated, and inferred resource figures presented herein are estimates based on information available at the time of calculation and are exclusive of reserves. A “mineral resource” is a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form, grade, or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. The reference point for mineral resources is in situ. Mineral resources are sub-divided, in order of increasing geological confidence, into inferred, indicated and measured categories. Ounces of gold and silver or pounds of copper, zinc, lead, and molybdenum included in the measured, indicated and inferred resources are those contained prior to losses during metallurgical treatment. The terms "measured resource," "indicated resource," and "inferred resource" mean that part of a mineral resource for which quantity and grade or quality are estimated on the basis of geological evidence and sampling that is considered to be comprehensive, adequate, or limited, respectively.

Market fluctuations in the price of gold, silver, copper, zinc, lead and molybdenum, as well as increased production costs or reduced metallurgical recovery rates, could change future estimates of resources. Metal price assumptions are based on approximately a fifteen to twenty-five percent premium over reserve prices.

Our exploration efforts are directed to the discovery of new resources and converting it into proven and probable reserves. We conduct brownfield exploration around our existing mines and greenfield exploration in other regions globally. Brownfield exploration can result in the discovery of additional deposits, which may receive the economic benefit of existing operating, processing and administrative infrastructures. In contrast, the discovery of mineralization through greenfield exploration efforts will require capital investment to build a stand-alone operation. Our Exploration expense was $209, $187 and $265 in 2021, 2020 and 2019, respectively.

We had attributable measured and indicated gold resources of 68.3 million ounces and attributable inferred gold resources of 33.2 million ounces at December 31, 2021. For 2021 and 2020, attributable measured, indicated, and inferred gold resources were estimated at a gold price assumption of $1,400 per ounce.

The resource figures presented herein do not include that part of our resources that have been converted to Proven and Probable Reserves as shown above, as they are reported exclusive of reserves, and have been estimated based on information available at the time of calculation.

Measured, indicated, and inferred resources disclosed at December 31, 2021 have been prepared in accordance with the new Regulation S-K 1300 requirements of the SEC. Measured, indicated, and inferred resources were not presented in our 2020 10-K filed with the SEC on February 18, 2021 but rather Mineralized Material was disclosed. Mineralized Material was comprised of Measured and Indicated resources that we estimated based on our internal methodology and provided only estimates of tonnage and grade. While not included in Mineralized Material at December 31, 2020, our internal methodology also included the estimation of Inferred Resources. This historical methodology was not significantly impacted as a result of implementing the new Regulation S-K 1300 requirements and therefore we believe the amounts presented at December 31, 2021 and 2020, under the respective methodologies, are comparable.

We publish measured, indicated, and inferred resources annually, and will recalculate them at December 31, 2022, taking into account metal prices, changes, if any, in future production and capital costs, divestments and conversion to reserves, as well as any acquisitions and additions during 2022.

The following tables detail measured, indicated, and inferred resources reflecting only those that are attributable to Newmont’s ownership or economic interest at December 31, 2021 and 2020.


Gold Resources at December 31, 2021 (1)(2)(11)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont Share	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Metallurgical Recovery (3)
North America
CC&V, Colorado	100%	54,000	0.41	700	24,100	0.38	300	78,100	0.40	1,000	12,700	0.39	160	62%
Musselwhite, Canada	100%	1,400	3.58	160	2,300	3.55	270	3,700	3.56	430	3,200	4.22	440	96%
Porcupine Underground	100%	300	5.25	50	900	6.12	180	1,200	5.92	230	1,100	6.43	220	92%
Porcupine Open Pit	100%	500	0.49	10	83,200	1.40	3,750	83,700	1.40	3,760	77,000	1.24	3,070	92%
Total Porcupine, Canada		800	2.33	60	84,100	1.45	3,930	84,900	1.46	3,990	78,100	1.31	3,290	92%
Éléonore, Canada	100%	300	5.72	50	1,700	4.73	260	2,000	4.86	310	3,800	5.28	650	91%
Peñasquito, Mexico	100%	31,400	0.27	280	176,600	0.27	1,500	208,000	0.27	1,780	89,800	0.40	1,160	69%
Noche Buena, Mexico	50%	—	—	—	21,000	0.37	250	21,000	0.37	250	1,600	0.21	10	50%
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	80%
Galore Creek, Canada (4)	50%	128,400	0.36	1,500	423,400	0.23	3,130	551,800	0.26	4,630	99,100	0.21	670	73%
		217,300	0.40	2,810	787,700	0.46	11,720	1,005,000	0.45	14,530	295,100	0.70	6,610	79%
South America
Conga, Peru	51.35%	—	—	—	356,300	0.65	7,490	356,300	0.65	7,490	118,400	0.39	1,480	75%
Yanacocha Open Pit	51.35%	5,500	0.42	70	52,400	0.46	770	57,900	0.46	840	96,700	0.80	2,470	66%
Yanacocha Underground	51.35%	—	6.29	10	1,800	6.28	370	1,800	6.28	380	1,900	4.93	300	97%
Total Yanacocha, Peru (10)		5,500	0.45	80	54,200	0.65	1,140	59,700	0.64	1,220	98,600	0.87	2,770	70%
Merian, Suriname	75%	4,500	0.94	140	32,600	1.14	1,200	37,100	1.12	1,340	28,500	1.01	920	88%
Cerro Negro Underground	100%	100	5.48	20	1,300	7.38	300	1,400	7.25	320	7,500	6.85	1,650	93%
Cerro Negro Open Pit	100%	900	4.40	120	1,000	4.09	130	1,900	4.24	250	100	3.49	10	90%
Total Cerro Negro, Argentina	100%	1,000	4.51	140	2,300	5.96	430	3,300	5.52	570	7,600	6.82	1,660	93%
Pueblo Viejo, Dominican Republic (5)	40%	37,300	2.01	2,410	57,100	1.89	3,470	94,400	1.94	5,880	25,400	1.72	1,410	89%
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	68%
Norte Abierto, Chile (7)	50%	77,200	0.61	1,510	596,900	0.49	9,320	674,100	0.50	10,830	369,600	0.37	4,360	76%
Agua 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	35%
		272,200	0.63	5,500	1,355,100	0.60	25,960	1,627,300	0.60	31,460	1,027,800	0.49	16,060	73%
Australia
Boddington, Western Australia	100%	96,200	0.53	1,640	180,500	0.54	3,110	276,700	0.53	4,750	3,300	0.50	50	84%
Tanami Open Pit	100%	10,200	1.88	620	16,600	1.69	900	26,800	1.76	1,520	2,900	1.62	150	90%
Tanami Underground	100%	1,400	3.11	140	4,900	4.25	660	6,300	4.00	800	9,600	5.39	1,670	97%
Total Tanami, Northern Territory	100%	11,600	2.03	760	21,500	2.27	1,560	33,100	2.18	2,320	12,500	4.53	1,820	97%
		107,800	0.69	2,400	202,000	0.72	4,670	309,800	0.71	7,070	15,800	3.68	1,870	89%


Gold Resources at December 31, 2021 (1)(2)(11) (continued)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont Share	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Metallurgical Recovery (3)
Africa
Ahafo South	100%	500	0.56	10	30,000	1.16	1,120	30,500	1.15	1,130	13,500	1.33	570	93%
Ahafo Underground	100%	—		—	16,600	3.99	2,120	16,600	3.99	2,120	10,800	3.34	1,160	90%
Total Ahafo South, Ghana		500	0.56	10	46,600	2.16	3,240	47,100	2.15	3,250	24,300	2.21	1,730	91%
Ahafo North Open Pits, Ghana	100%	2,800	1.21	100	10,400	1.90	630	13,200	1.76	730	9,800	1.60	500	92%
Akyem Open Pits	100%	900	0.57	20	1,100	0.67	20	2,000	0.62	40	1,300	1.43	60	91%
Akyem Underground	100%	—		—	6,800	3.69	810	6,800	3.69	810	5,400	2.97	520	93%
Total Akyem, Ghana		900	0.57	20	7,900	3.27	830	8,800	3.00	850	6,700	2.69	580	92%
		4,200	1.01	130	64,900	2.26	4,700	69,100	2.18	4,830	40,800	2.15	2,810	91%
Nevada
NGM Open Pits and Stockpiles	38.5%	18,300	1.89	1,110	181,100	0.90	5,230	199,400	0.99	6,340	101,100	0.82	2,670	67%
NGM Underground	38.5%	8,500	5.89	1,610	11,900	6.35	2,430	20,400	6.16	4,040	15,300	6.48	3,180	86%
Total NGM, Nevada (9)		26,800	3.17	2,720	193,000	1.23	7,660	219,800	1.47	10,380	116,400	1.56	5,850	76%
		26,800	3.17	2,720	193,000	1.23	7,660	219,800	1.47	10,380	116,400	1.56	5,850	76%
Total Gold		628,300	0.67	13,560	2,602,700	0.65	54,710	3,231,000	0.66	68,270	1,495,900	0.69	33,200	76%


Gold Resources at December 31, 2020 (1)(2)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont Share	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)
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
		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
Agua 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
		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
		66,400	0.60	1,270	166,500	0.69	3,710	232,900	0.67	4,980	23,500	3.65	2,770


Gold Resources at December 31, 2020 (1)(2) (continued)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont Share	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)
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
		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, Nevada (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
		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 Gold		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, at sites in which Newmont is the operator, are estimated at a gold price of $1,400 per ounce for 2021 and 2020. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000. Ounces may not recalculate as they have been rounded to the nearest 10,000.

(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 Agua Rica joint venture.

(9)Resource estimates provided by Barrick, the operator of the NGM joint venture

(10)In February 2022, the Company increased its ownership interest in Yanacocha to 95% by acquiring Buenaventura’s 43.65% noncontrolling interest. See Note 1 of the Consolidated Financial Statements for further information.

(11)Amounts presented herein have been rounded to the nearest 10,000 for ounces and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.


Copper Resources at December 31, 2021 (1)(2)(10)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont Share	Tonnage (000 tonnes)	Grade (Cu%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Cu%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Cu%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Cu%)	Pounds (millions)	Metallurgical Recovery (3)
North America
Galore Creek, Canada (4)	50%	128,400	0.72%	2,030	423,400	0.39%	3,630	551,800	0.47%	5,660	99,100	0.27%	600	91%
		128,400	0.72%	2,030	423,400	0.39%	3,630	551,800	0.47%	5,660	99,100	0.27%	600	91%
South America
Conga, Peru	51.35%	—	—%	—	356,300	0.26%	2,040	356,300	0.26%	2,040	118,400	0.19%	490	84%
Yanacocha Open Pits and Stockpiles	51.35%	—	—%	—	48,600	0.39%	420	48,600	0.39%	420	18,700	0.39%	160	80%
Yanacocha Underground	51.35%	—	—%	—	1,800	0.09%	—	1,800	0.09%	—	1,900	0.13%	10	96%
Total Yanacocha, Peru (9)		—	—%	—	50,400	0.38%	420	50,400	0.38%	420	20,600	0.37%	170	81%
NuevaUnión, Chile (5)	50%	164,300	0.19%	700	349,900	0.34%	2,650	514,200	0.30%	3,350	602,100	0.39%	5,150	89%
Norte Abierto, Chile (6)	50%	57,600	0.24%	310	551,200	0.19%	2,340	608,800	0.20%	2,650	361,700	0.18%	1,450	90%
Agua Rica, Argentina (7)	18.75%	141,900	0.51%	1,580	137,400	0.36%	1,100	279,300	0.43%	2,680	139,900	0.23%	710	86%
		363,800	0.32%	2,590	1,445,200	0.27%	8,550	1,809,000	0.28%	11,140	1,242,700	0.29%	7,970	87%
Australia
Boddington, Western Australia	100%	96,200	0.11%	220	180,500	0.11%	450	276,700	0.11%	670	3,300	0.09%	10	82%
		96,200	0.11%	220	180,500	0.11%	450	276,700	0.11%	670	3,300	0.09%	10	82%
Nevada
NGM, Nevada (8)	38.5%	3,100	0.14%	10	111,500	0.14%	340	114,600	0.14%	350	19,900	0.13%	60	66%
		3,100	0.14%	10	111,500	0.14%	340	114,600	0.14%	350	19,900	0.13%	60	66%
Total Copper		591,500	0.37%	4,850	2,160,600	0.27%	12,970	2,752,100	0.29%	17,820	1,365,000	0.29%	8,640	88%


Copper Resources at December 31, 2020 (1)(2)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont Share	Tonnage (000 tonnes)	Grade (Cu%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Cu%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Cu%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Cu%)	Pounds (millions)
North America
Galore Creek, Canada (4)	50%	128,400	0.72%	2,030	423,400	0.39%	3,630	551,800	0.47%	5,660	99,100	0.27%	600
		128,400	0.72%	2,030	423,400	0.39%	3,630	551,800	0.47%	5,660	99,100	0.27%	600
South America
Conga, Peru	51.35%	—	—%	—	356,300	0.26%	2,040	356,300	0.26%	2,040	118,400	0.19%	490
Yanacocha Open Pits and Stockpiles	51.35%	—	—%	—	48,600	0.39%	420	48,600	0.39%	420	18,700	0.39%	160
Yanacocha Underground	51.35%	—	—%	—	1,800	0.09%	—	1,800	0.09%	—	1,900	0.13%	10
Total Yanacocha, Peru		—	—%	—	50,400	0.38%	420	50,400	0.38%	420	20,600	0.36%	170
NuevaUnión, Chile (5)	50%	164,300	0.19%	700	349,900	0.34%	2,650	514,200	0.30%	3,350	602,200	0.39%	5,150
Norte Abierto, Chile (6)	50%	57,600	0.24%	310	551,200	0.19%	2,340	608,800	0.20%	2,650	361,800	0.18%	1,450
Agua Rica, Argentina (7)	18.75%	141,900	0.51%	1,580	137,400	0.36%	1,100	279,300	0.44%	2,680	139,900	0.23%	710
		363,800	0.32%	2,590	1,445,200	0.27%	8,550	1,809,000	0.28%	11,140	1,242,900	0.29%	7,970
Australia
Boddington, Western Australia	100%	62,500	0.11%	150	149,300	0.12%	380	211,800	0.11%	530	3,900	0.09%	10
		62,500	0.11%	150	149,300	0.12%	380	211,800	0.11%	530	3,900	0.09%	10
Nevada
NGM, Nevada (8)	38.5%	11,200	0.16%	40	83,200	0.14%	250	94,400	0.14%	290	13,000	0.15%	40
		11,200	0.16%	40	83,200	0.14%	250	94,400	0.14%	290	13,000	0.15%	40
Total Copper		565,900	0.39%	4,810	2,101,100	0.28%	12,810	2,667,000	0.30%	17,620	1,358,900	0.29%	8,620

____________________________

(1)Resources are reported exclusive of reserves.

(2)Resources, at sites in which Newmont is the operator, are estimated at a copper price of $3.25 per pound for 2021 and 2020. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000.

(4)Project is currently undeveloped. Resource estimates provided by Teck Resources.

(5)Project is currently undeveloped. Resource estimates provided by the NuevaUnión joint venture.

(6)Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture.

(7)Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Agua Rica joint venture.

(8)Resource estimates provided by Barrick, the operator of the NGM joint venture

(9)In February 2022, the Company increased its ownership interest in Yanacocha to 95% by acquiring Buenaventura’s 43.65% noncontrolling interest. See Note 1 of the Consolidated Financial Statements for further information.

(10)Amounts presented herein have been rounded to the nearest 10 million for pounds and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.


Silver Resources at December 31, 2021 (1)(2)(11)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont Share	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Metallurgical Recovery (3)
North America
Peñasquito, Mexico	100%	31,400	25.71	25,990	176,600	26.36	149,620	208,000	26.26	175,610	89,800	28.00	80,840	87%
Noche Buena, Mexico	50%	—	—	—	21,000	13.94	9,400	21,000	13.94	9,400	1,600	11.08	570	25%
Galore Creek, Canada (4)	50%	128,400	5.79	23,900	423,400	3.75	51,030	551,800	4.22	74,930	99,100	2.65	8,440	64%
		159,800	9.71	49,890	621,000	10.52	210,050	780,800	10.35	259,940	190,500	14.67	89,850	75%
South America
Conga, Peru	51.35%	—	—	—	356,300	2.06	23,580	356,300	2.06	23,580	89,900	1.13	3,250	70%
Yanacocha Open Pits and Stockpiles	51.35%	4,600	3.31	490	44,600	13.09	18,750	49,200	12.17	19,240	14,400	13.09	6,070	43%
Yanacocha Underground	51.35%	—	1.13	—	1,800	64.29	3,760	1,800	62.68	3,760	1,900	37.56	2,260	87%
Total Yanacocha, Peru (10)		4,600	3.31	490	46,400	15.09	22,510	51,000	14.03	23,000	16,300	15.90	8,330	55%
Cerro Negro Underground	100%	100	46.22	140	1,300	57.30	2,360	1,400	56.55	2,500	7,500	39.04	9,400	75%
Cerro Negro Open Pit	100%	900	8.53	240	1,000	7.87	250	1,900	8.18	490	100	11.07	20	60%
Total Cerro Negro, Argentina		1,000	12.15	380	2,300	35.92	2,610	3,300	28.76	2,990	7,600	38.80	9,420	74%
Pueblo Viejo, Dominican Republic (5)	40%	37,300	11.51	13,800	57,100	10.85	19,940	94,400	11.11	33,740	25,400	9.00	7,360	74%
NuevaUnión, Chile (6)	50%	164,300	0.96	5,080	349,800	1.19	13,360	514,100	1.12	18,440	602,100	1.16	22,520	66%
Norte Abierto, Chile (7)	50%	77,200	1.20	2,990	596,900	1.07	20,550	674,100	1.09	23,540	369,600	0.95	11,340	78%
Agua Rica, Argentina (8)	18.75%	120,200	2.90	11,190	135,700	2.41	10,520	255,900	2.64	21,710	139,300	1.62	7,260	43%
		404,600	2.61	33,930	1,544,500	2.28	113,070	1,949,100	2.35	147,000	1,250,200	1.73	69,480	61%
Nevada
NGM, Nevada (9)	38.5%	2,900	5.57	520	84,000	5.54	14,960	86,900	5.54	15,480	18,900	5.60	3,410	38%
		2,900	5.57	520	84,000	5.54	14,960	86,900	5.54	15,480	18,900	5.60	3,410	38%
Total Silver		567,300	4.62	84,340	2,249,500	4.68	338,080	2,816,800	4.66	422,420	1,459,600	3.47	162,740	66%


Silver Resources at December 31, 2020 (1)(2)
		Measured Resources			Indicated Resources			Measured and Indicated Resources			Inferred Resources
Deposits/Districts	Newmont Share	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)	Tonnage (000 tonnes)	Grade (g/tonne)	Ounces (000)
North America
Peñasquito, Mexico	100%	34,900	26.81	30,080	241,900	26.74	207,990	276,800	26.75	238,070	150,900	26.36	127,920
Noche Buena, Mexico	50%	—		—	27,500	12.35	10,920	27,500	12.35	10,920	2,500	8.08	640
Galore Creek, Canada (4)	50%	128,400	5.79	23,900	423,400	3.75	51,020	551,800	4.22	74,920	99,100	2.65	8,440
		163,300	10.28	53,980	692,800	12.12	269,930	856,100	11.77	323,910	252,500	16.88	137,000
South America
Conga, Peru	51.35%	—		—	356,300	2.06	23,580	356,300	2.06	23,580	89,900	1.13	3,250
Yanacocha Open Pits and Stockpiles	51.35%	4,200	2.71	370	40,900	14.13	18,590	45,100	13.07	18,960	14,100	13.86	6,280
Yanacocha Underground	51.35%	—		—	1,800	64.29	3,760	1,800	62.68	3,760	1,900	37.56	2,260
Total Yanacocha, Peru		4,200	2.71	370	42,700	16.28	22,350	46,900	15.07	22,720	16,000	16.60	8,540
Cerro Negro Underground	100%	100	52.14	150	7,000	35.15	7,870	7,100	35.37	8,020	2,600	65.53	5,440
Cerro Negro Open Pit	100%	900	8.53	240	1,000	7.87	250	1,900	8.18	490	100	11.07	20
Total Cerro Negro, Argentina		1,000	12.56	390	8,000	31.80	8,120	9,000	29.70	8,510	2,700	64.21	5,460
Pueblo Viejo, Dominican Republic (5)	40%	34,800	10.24	11,480	56,700	8.84	16,120	91,500	9.38	27,600	27,500	7.77	6,870
NuevaUnión, Chile (6)	50%	164,300	0.96	5,080	349,900	1.19	13,370	514,200	1.12	18,450	602,200	1.16	22,530
Norte Abierto, Chile (7)	50%	77,300	1.20	2,990	596,900	1.07	20,560	674,200	1.09	23,550	369,600	0.95	11,330
Agua Rica, Argentina (8)	18.75%	120,200	2.90	11,190	135,700	2.41	10,520	255,900	2.64	21,710	139,300	1.62	7,260
		401,800	2.44	31,500	1,546,200	2.31	114,620	1,948,000	2.33	146,120	1,247,200	1.63	65,240
Nevada
NGM, Nevada (9)	38.5%	4,300	5.88	810	60,500	5.73	11,130	64,800	5.74	11,940	8,700	5.91	1,650
		4,300	5.88	810	60,500	5.73	11,130	64,800	5.74	11,940	8,700	5.91	1,650
Total Silver		569,400	4.71	86,290	2,299,500	5.35	395,680	2,868,900	5.23	481,970	1,508,400	4.21	203,890

____________________________

(1)Resources are reported exclusive of reserves.

(2)Resources, at sites in which Newmont is the operator, are estimated at a silver price of $23 and $20 per ounce for 2021 and 2020, respectively. Resources provided by other operators may use pricing that differs. Tonnage amounts have been rounded to the nearest 100,000.

(3)See footnote (3) to the Gold Measured, Indicated and Inferred Resources tables above. Ounces may not recalculate as they are rounded to the nearest 10,000.

(4)Project is currently undeveloped. Resource estimates provided by Teck Resources.

(5)Resource estimates provided by Barrick, the operator of the 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 Agua Rica joint venture.

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


Zinc Resources at December 31, 2021 (1)(2)4)
		Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont Share	Tonnage (000 tonnes)	Grade (Zn%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Zn%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Zn%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Zn%)	Pounds (millions)	Metallurgical Recovery (3)
North America
Peñasquito, Mexico	100%	31,400	0.66%	460	176,600	0.57%	2,230	208,000	0.59%	2,690	89,800	0.54%	1,070	81%
Total Zinc		31,400	0.66%	460	176,600	0.57%	2,230	208,000	0.59%	2,690	89,800	0.54%	1,070	81%


Zinc Resources at December 31, 2020 (1)(2)
		Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont Share	Tonnage (000 tonnes)	Grade (Zn%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Zn%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Zn%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Zn%)	Pounds (millions)
North America
Peñasquito, Mexico	100%	34,900	0.69%	500	241,900	0.59%	3,100	276,800	0.60%	3,700	150,900	0.53%	1,700
Total Zinc		34,900	0.69%	500	241,900	0.59%	3,100	276,800	0.60%	3,700	150,900	0.53%	1,700

____________________________

(1)Resources are reported exclusive of reserves.

(2)Resources are estimated at a zinc price of $1.40 per pound for 2021 and 2020. Tonnage amounts have been rounded to the nearest 100,000.

(3)See footnote (3) to the Copper Measured, Indicated and Inferred Resources tables above. Pounds may not recalculate as they are rounded to the nearest 10 million.

(4)Amounts presented herein have been rounded to the nearest 10 million for pounds and 100,000 for tonnes and therefore may not agree to the respective Technical Report Summaries provided for certain properties as provided under exhibit 96.


Lead Resources at December 31, 2021 (1)(2)(4)
			Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (Pb%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Pb%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Pb%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Pb%)	Pounds (millions)	Metallurgical Recovery (3)
North America
Peñasquito, Mexico	100	%	31,400	0.29%	200	176,600	0.26%	1,020	208,000	0.27%	1,230	89,800	0.24%	480	73%
Total Lead			31,400	0.29%	200	176,600	0.26%	1,020	208,000	0.27%	1,230	89,800	0.24%	480	73%


Lead Resources at December 31, 2020 (1)(2)
			Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont Share		Tonnage (000 tonnes)	Grade (Pb%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Pb%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Pb%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Pb%)	Pounds (millions)
North America
Peñasquito, Mexico	100	%	34,900	0.30%	200	241,900	0.27%	1,500	276,800	0.28%	1,700	150,900	0.27%	900
Total Lead			34,900	0.30%	200	241,900	0.27%	1,500	276,800	0.28%	1,700	150,900	0.27%	900

____________________________

(1)Resources are reported exclusive of reserves.

(2)Resources are estimated at a lead price of $1.10 per pound for 2021 and 2020. Tonnage amounts have been rounded to the nearest 100,000.

(3)See footnote (3) to the Copper Measured, Indicated and Inferred Resources tables above. Pounds may not recalculate as they are rounded to the nearest 10 million.


Molybdenum Resources at December 31, 2021 (1)(2)
		Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont Share	Tonnage (000 tonnes)	Grade (Mo%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Mo%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Mo%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Mo%)	Pounds (millions)	Metallurgical Recovery (3)
South America
NuevaUnión, Chile (4)	50%	159,500	0.01%	20	231,500	0.01%	40	391,000	0.01%	60	362,300	0.01%	100	52%
Agua Rica, Argentina (5)	18.75%	141,900	0.03%	80	137,400	0.03%	90	279,300	0.03%	170	139,900	0.03%	90	44%
Total Molybdenum		301,400	0.02%	100	368,900	0.02%	130	670,300	0.02%	230	502,200	0.02%	190	46%


Molybdenum Resources at December 31, 2020 (1)(2)
		Measured Resource			Indicated Resource			Measured and Indicated Resource			Inferred Resource
Deposits/Districts	Newmont Share	Tonnage (000 tonnes)	Grade (Mo%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Mo%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Mo%)	Pounds (millions)	Tonnage (000 tonnes)	Grade (Mo%)	Pounds (millions)
South America
NuevaUnión, Chile (4)	50%	159,500	0.01%	20	231,500	0.01%	40	391,000	0.01%	60	362,300	0.01%	100
Agua Rica, Argentina (5)	18.75%	141,900	0.03%	80	137,400	0.03%	90	279,300	0.03%	170	139,900	0.03%	90
Total Molybdenum		301,400	0.02%	100	368,900	0.02%	130	670,300	0.02%	230	502,200	0.02%	190

____________________________

(1)Resources are reported exclusive of reserves.

(2)Resources for NuevaUnión and Agua Rica are estimated based on a molybdenum price set by NuevaUnión joint venture and Yamana, respectively. Tonnage amounts have been rounded to the nearest 100,000.

(3)See footnote (3) to the Copper Measured, Indicated and Inferred Resources tables above. Pounds may not recalculate as they are rounded to the nearest 10 million.

(4)Project is currently undeveloped. Resource estimates provided by NuevaUnión joint venture.

(5)Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Agua Rica joint venture.

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