Newmont Corporation Receives A- Rating from Fitch, Reflecting Strong Financial Position

Newmont Corporation, a leading gold company and producer of copper, silver, zinc, and lead, has received an A- rating from Fitch, a global credit rating agency. The rating reflects Newmont’s strong and flexible financial position, which allows the company to create lasting value for its shareholders.

Fitch has assigned Newmont a first-time, long-term issuer default rating of A- with a stable outlook. Additionally, Newmont’s senior unsecured debt has also been assigned a rating of A-. These ratings highlight Newmont’s industry leadership, global scale, and diversified operating position in low-risk jurisdictions, which contribute to its strong liquidity and modest leverage.

Tom Palmer, President and CEO of Newmont, expressed his satisfaction with the ratings, stating that they recognize the company’s ongoing financial strength and flexibility. He emphasized Newmont’s commitment to maintaining a strong financial position and an investment-grade balance sheet, along with its disciplined and balanced approach to capital allocation.

The rating comes as Newmont is set to complete the pending acquisition of Newcrest Mining Limited, a transaction that was announced on May 14. This acquisition is expected to further strengthen Newmont’s financial position and industry leadership. The combined company will have a world-class portfolio of assets, primarily in favorable and low-risk mining jurisdictions, and will deliver a multi-decade production profile from 10 large, long-life, low-cost Tier 1 operations.

Furthermore, the transaction is anticipated to generate annual pre-tax synergies of $500 million, which are expected to be achieved within the first 24 months. Newmont also aims to achieve at least $2 billion in cash improvements through portfolio optimization in the first two years after closing.

The transaction is subject to customary closing conditions and regulatory approvals, with Newmont and Newcrest expecting it to close in the fourth quarter of this year.

Newmont Corporation, founded in 1921, is the only gold producer listed in the S&P 500 Index. The company is widely recognized for its principled environmental, social, and governance practices. With its strong financial position and commitment to sustainable and responsible mining, Newmont continues to lead the industry in value creation.

For more information about Newmont and its sustainability initiatives, visit www.newmont.com.