Newmont Corporation Reaches Preliminary Agreement to End Strike at Minera Peñasquito

Newmont Corporation, the world’s leading gold company, has announced that it has reached a preliminary agreement with the National Union of Mine, Metal, and Allied Workers of the Mexican Republic (the Union) to end the strike at Minera Peñasquito in Zacatecas, Mexico. The strike, which began on June 7, 2023, has caused disruptions to operations at the mine.

The preliminary agreement was ratified by the General Assembly of the Union on October 5, 2023. The next step is to formalize the agreement into a definitive agreement, which will require the approval and signing of both parties. The final agreement will then be filed with the Federal Labor Tribunal for Collective Affairs in Mexico City for final approval.

The conclusion of this process is expected in the coming days, which will bring an end to the strike and allow Newmont Corporation to implement a safe restart of operations. The company is committed to ensuring the well-being and safety of its employees as it resumes mining activities.

Newmont Corporation is known for its principled environmental, social, and governance practices. The company operates in favorable mining jurisdictions across North America, South America, Australia, and Africa. With a diverse portfolio of assets and a focus on sustainable mining, Newmont is dedicated to creating value and improving lives.

For more information about Newmont’s sustainability strategy and initiatives, visit their website at www.newmont.com.

Cautionary Statement Regarding Forward-Looking Statements:
It is important to note that this news release contains forward-looking statements, which are subject to certain risks and uncertainties. The execution and approval of the final definitive agreement, the timing of the end of the labor strike, and the resumption of operating activities are all dependent on various factors and assumptions. Therefore, there is no guarantee that the preliminary agreement will be formalized on the same terms or at all. Interested parties are advised to refer to the Company’s Quarterly Report on Form 10-Q for a comprehensive discussion of risks and other factors that may impact future events.

In conclusion, the preliminary agreement between Newmont Corporation and the Union marks a significant step towards resolving the strike at Minera Peñasquito. The company’s commitment to responsible mining practices and the well-being of its employees demonstrates its dedication to sustainable operations.