To Our Shareholders,

It is my honor to address you for the first time as Chief Executive Officer of Newmont Corporation. I officially assumed this role on January 1, 2026, following my appointment as President and Chief Operating Officer in September 2025. I am deeply grateful to Tom Palmer for his leadership and stewardship during his tenure, to our Board of Directors for their confidence in me, and to all Newmont employees for the privilege of leading this remarkable company.

SAFETY: OUR FOUNDATIONAL COMMITMENT

Before discussing our achievements, I must begin with our foundational safety work. While I am pleased to report that, due to the dedication and vigilance of every team member across our global operations, we achieved zero fatalities in 2025, I am saddened that, in early 2026, we tragically lost a colleague at our TE-2 project in Tanami. This loss is a stark reminder that our recent success cannot become a substitute for continued discipline, it only raises the bar for us and does not lower the need for rigor across all of our sites and processes to ensure that each member of our team goes home safely.

In 2025, we launched Always Safe, our unified approach to health, safety and wellbeing. Operational excellence begins with ensuring every team member returns home safely after every shift. Our success as a company is built on this foundation, and we will protect and strengthen it.

RECORD FINANCIAL PERFORMANCE AND SHAREHOLDER RETURNS

2025 was a transformative year for Newmont, defined by disciplined execution focused on safety, costs and productivity. Our world-class portfolio of high-quality operations delivered exceptional results while taking meaningful steps to reduce our overall cost base.

We delivered record annual earnings and free cash flow, supported by both favorable gold market conditions and meaningful operational results. Our share price reached an all-time high of $105.78 on December 26, 2025, reflecting our strong sector positioning and disciplined delivery.

We are committed to delivering sustainable value to our shareholders through disciplined capital allocation. In 2025, we completed the initial $3.0 billion share repurchase program announced in 2024, repurchasing $2.3 billion during the year. Recognizing our strong financial position, we announced an additional $3.0 billion share repurchase program. We also returned $1.1 billion to shareholders through regular dividends, consistent with our commitment to providing reliable cash returns.

We maintained a resilient and flexible balance sheet with a net cash position, providing us with financial strength and optionality as we pursue our strategic priorities. This financial discipline positions us to thrive sustainably while driving margin expansion.

OPERATIONAL EXCELLENCE ACROSS OUR PORTFOLIO

Our strong execution delivered 5.7 million ounces of attributable gold from our core portfolio, meeting and improving upon the guidance we provided throughout the year. This performance reflects the core of our 2025 success: operational discipline at our producing assets and strategic advancement of our key projects. Our operating teams delivered consistent production while controlling costs, and our project teams achieved critical milestones that position us for future value creation. This balanced execution - optimizing today's performance while building tomorrow's pipeline - underscores the operational discipline that will define Newmont going forward.

Throughout 2025, we advanced key strategic initiatives that enhanced our portfolio and competitive position:

• We completed strategic asset reviews that connect our world-class endowments to disciplined long-term mine plans while driving immediate operational improvements through focused productivity initiatives.
• We completed our divestment program, focusing capital on our highest-return assets and strengthening our operational foundation.
• Our cost-savings and productivity initiatives delivered meaningful results in 2025, establishing a more sustainable cost structure and ensuring our organization is positioned for disciplined execution ahead.
• We celebrated the opening of Ahafo North and a 10 million ounce production milestone at Ahafo South, reinforcing the quality of our Ghana operations and the trusted relationships we have built.
• We completed shaft development at Tanami – a major project milestone that positions the site for continued long-term production.
• We completed a successful rescue mission at Red Chris, ensuring three contract drillers were returned safely to the surface and to their families.
• We added reserves and resources at several sites, reinforcing the quality and longevity of our portfolio.

Whatever the external environment brings, our portfolio quality, operational discipline and financial strength position us to deliver value across market cycles. Over our nearly 105-year history, Newmont's strength has always been our ability to adapt and transform. That resilience defines us today and will carry us forward.

LOOKING AHEAD WITH CONFIDENCE

I'm honored to lead Newmont as we chart our path forward. We're committed to continuing Newmont's legacy while embracing the transformation necessary to remain the world's leading gold company. Our focus is clear: we will be the best operators of our world-class assets, delivering consistently, efficiently and safely.

Thank you for your continued confidence and support. I am excited and determined to lead Newmont into its next chapter, delivering sustainable value for all stakeholders and building a safer, stronger and more profitable company for the future.

With gratitude,

Natascha Viljoen
President and Chief Executive Officer