Newmont (NEM) Investor presentation summary

Strategic and operational highlights

• Achieved strong Q2 2026 results, with gold production of 1.3Moz, 17kt copper, and 7Moz silver, and robust free cash flow of $2.2B, positioning for full-year guidance achievement.

• Returned $1.9B to shareholders through dividends and share repurchases, with quarterly dividend at $0.26/share and $1.7B repurchased since April 2026.

• Key executive appointments from internal talent pipeline to support next phase of delivery.

• Major regulatory approvals received for the Red Chris block cave project in British Columbia.

• Published 2025 Annual Sustainability Report, highlighting safety and sustainability metrics.

Financial performance and guidance

• Adjusted EBITDA reached $3.8B, adjusted net income at $2.10/share, and cash from operations at $2.9B in Q2 2026.

• Gold all-in sustaining cost (AISC) was $1,621/oz, with average realized gold price at $4,414/oz.

• 2026 guidance maintained: attributable gold production of 5.3Moz, gold AISC at $1,680/oz, sustaining capital $1.95B, and development capital $1.40B.

• Disciplined capital allocation with $1.95B sustaining and $1.4B development capital targeted for 2026, and net cash at $3.4B.

• Share repurchase program authorized up to $6B, with $4.3B remaining.

Portfolio and project development

• Operates 12 managed sites in top mining jurisdictions, with 118Moz gold reserves and 149Moz resources.

• Major projects underway: Tanami Expansion 2, Cadia Panel Caves, and Lihir Nearshore Barrier, all progressing on schedule and within budget.

• Cadia production resumed after seismic event; Tanami expansion and Lihir barrier to extend mine lives and unlock additional ounces.

• Joint ventures and equity interests in Nevada Gold Mines, Pueblo Viejo, and Fruta del Norte contribute significant reserves and production.

• Amended Nevada Gold Mines JV agreement enhances governance and resolves outstanding disputes, with $1.95B consideration to Barrick.