Newmont estimates losses of US$3 million due to concentrate theft in Mexico

This is an automated translation of the press release issued in Spanish

Zacatecas, Mexico, November 14, 2024.- Newmont Peñasquito confirms the recovery of 9 of the 11 gondolas, owned by the company's contractors, which were stolen on the Zacatecas-Saltillo highway on October 31 during a routine transfer of the mine to the port of destination.

However, the cargo of concentrate has not yet been recovered. Newmont previously filed a complaint with the authorities for the theft of 285 tons of raw minerals (concentrate), with an estimated value of three million dollars ($3 million), which were transported in said gondolas.

We acknowledge the prompt intervention and support of local and federal authorities during the incident, the investigation and the location of the containers in the state of Durango by the National Guard.

We also trust in the coordination of authorities at all levels of government to safeguard the security of the companies we operate in Mexico. In line with the company's values, we reiterate that we will continue to collaborate transparently with the authorities by providing the information requested, prioritizing the safety of people and avoiding any escalation of violence.

About Newmont

Newmont is the world's leading gold producer and producer of copper, zinc, lead and silver. The company's portfolio of world-class assets, projects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America, the Caribbean, North America and Papua New Guinea. Newmont is the only gold producer listed on the S&P 500 Index and is widely recognized for its environmental, social and governance practices.

Newmont is an industry leader in value creation, supported by strong safety standards, superior execution and technical expertise. Founded in 1921, the company has been publicly traded since 1925.

In Mexico, Newmont operates Peñasquito, a polymetallic mine located in the semi-desert of Zacatecas. With almost 5,000 direct jobs and 28,000 indirect jobs, it is an economic pillar in the region and has been recognized as a Socially Responsible Company for 17 consecutive years.

At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining.

To learn more about Newmont’s sustainability strategy and initiatives, visit www.newmont.com.

Press Contact:

Adriana Valdes Adriana.Valdes@newmont.com