Growth Strategy – Acquisitions & Newmont Capital

Au Price Assumption $400 $400 $350 $325 $300 $300

37.1

52.7

52.6

56.6

66.3

87.3

North

America

South

America

Australia

& NZ

Asia

Africa

1

Santa Fe

Acquisition

Battle Mountain

Acquisition

Franco/Normandy

Acquisitions

1 Includes Normandy and Echo Bay pro rata ounces at year-end

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