Mr. Neil Backhouse reports

NEWMONT ANNOUNCES PRICING OF NOTES TO REPAY OUTSTANDING BORROWINGS UNDER REVOLVING CREDIT FACILITY

Newmont Corp. and Newcrest Finance Pty. Ltd., a wholly owned subsidiary of Newmont (Newcrest Finance) have priced a private offering of $1-billion aggregate principal amount of 5.3 per cent notes due 2026 and $1-billion aggregate principal amount of 5.35 per cent notes due 2034. The notes will be guaranteed on an unsecured senior basis by Newmont USA Ltd., a wholly owned subsidiary of Newmont. Subject to customary closing conditions, the offering is expected to close on March 7, 2024.

The issuers intend to use a portion of the net proceeds from the offering to repay all outstanding borrowings under the company's revolving credit facility, with the remaining proceeds for general corporate purposes. The company previously used borrowings under its revolving credit facility, along with cash on hand, to repay approximately $1.9-billion (U.S.) aggregate principal amount of bilateral credit debt acquired by Newmont as part of its acquisition of Newcrest Mining Ltd.

The notes will not be registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. The notes will be offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to certain non-U.S. persons in accordance with Regulation S under the Securities Act.

About Newmont Corp.

Newmont is the world's leading gold company, and a producer of copper, zinc, lead and silver. The company's world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in Africa, Australia, Latin America and Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index, and is widely recognized for its principled environmental, social and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Founded in 1921, the company has been publicly traded since 1925.

Newmont's purpose is to create value and improve lives through sustainable and responsible mining.