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Newmont TM Newmont Provides 2022 and Longer - term Outlook Delivering long - term value from an unmatched portfolio of world - class , long - life operations and a robust organic project pipeline DENVER , December 2 , 2021 - Newmont Corporation ( NYSE : NEM , TSX : NGT ) ( Newmont or the Company ) announced its 2022 outlook * with attributable gold production guidance of 6.2 million ounces and AISC ** of $ 1,050 per ounce at an $ 1,800 gold price assumption . Total gold production combined with other metals is expected to be 7.5 million gold equivalent ounces in 2022 and improve longer - term , with declining costs through investments in new , lower - cost production and benefits from Full Potential improvements . HIGHLIGHTS *** Attributable gold production *** : Production guidance is 6.2 million ounces for 2022 and is expected to improve to between 6.2 and 6.8 million ounces longer - term . **** Attributable gold equivalent ounce ( GEO ) production from other metals * : Co - product GEO production guidance is 1.3 million ounces for 2022 and is expected to improve to between 1.4 to 1.6 million ounces longer - term . Total GEO production expected is 7.5 million ounces for 2022 , improving to between 7.7 and 8.3 million ounces longer - term . Costs applicable to sales ( CAS ) ** : Gold CAS guidance is $ 820 per ounce for 2022 , improving to between $ 700 and $ 800 per ounce longer - term . Total GEO CAS guidance is $ 800 per GEO for 2022 and is expected to improve to between $ 640 and $ 740 per GEO longer - term . All - in sustaining costs ( AISC ) ** : Gold AISC guidance is $ 1,050 per ounce for 2022 , improving to between $ 920 and $ 1,020 per ounce longer - term . Total GEO AISC guidance is $ 1,030 per GEO for 2022 and is expected to improve to between $ 880 and $ 980 per GEO longer - term . Capital : Attributable sustaining capital guidance is $ 925 million for 2022 and is expected to be between $ 825 and $ 1,025 million longer - term . Attributable development capital guidance is $ 1.2 billion for 2022 and between $ 1.1 and 1.3 billion for 2023. Over the next five years development capital is expected to average approximately $ 800 million per year . Development capital expenditures include spend for Tanami Expansion 2 , Ahafo North , Yanacocha Sulfides , Pamour at Porcupine and Cerro Negro District Expansion 1 . Attributable Free Cash Flow : Substantial leverage to gold price as we generate $ 400 million per year of incremental free cash flow for every $ 100 per ounce increase in gold price above $ 1,200 per ounce . Returns : Industry - leading dividend framework includes an annualized $ 1.00 per share sustainable base dividend with an annualized dividend of $ 2.20 per share at current metal prices . Completed more than $ 400 million of share repurchases in 2021 from the $ 1 billion buyback program . Newmont is on track to return more than $ 2 billion to shareholders in 2021 . ***** Caterpillar Strategic Alliance : Announced a strategic alliance with Caterpillar to deliver a fully connected , automated , zero carbon emitting , end - to - end mining system ; includes an initial commitment of $ 100 million to deliver an autonomous electric haulage fleet of 16 vehicles at CC & V and 10 battery electric underground haul trucks at Tanami . " Newmont's outlook remains strong as we steadily increase production and improve costs over time from our global portfolio of world - class assets located in top - tier jurisdictions . In 2022 we expect to deliver approximately 7.5 million gold equivalent ounces , demonstrating the strength of our operations and proven operating model . We are entering a period of significant investment in our organic project pipeline , an important component in growing production , improving margins and extending mine life , and we remain focused on delivering long - term value to all of our stakeholders through our ongoing commitment to sustainable and responsible mining . " - Tom Palmer , Newmont President and Chief Executive Officer * Outlook guidance used in this release are considered " forward - looking statements " and users are cautioned that actual results may vary ; refer to the cautionary statement . ** Non - GAAP metrics ; see pages 8 to 11 for reconciliations . Non - GAAP cost metrics are presented at an $ 1,800 per ounce revenue gold price assumption . *** Attributable production outlook includes the Company's equity investment ( 40 % ) in Pueblo Viejo but does not include other equity investments . **** Gold equivalent ounces ( GEO ) is calculated as pounds or ounces produced multiplied by the ratio of the other metal's price to the gold price , using Gold ( $ 1,200 / oz . ) , Copper ( $ 3.25 / lb . ) , Silver ( $ 23.00 / oz . ) , Lead ( $ 0.95 / lb . ) , and Zinc ( $ 1.15 / lb . ) pricing . ***** Investors are reminded that the dividend framework is non - binding , and an annualized dividend has not been declared by the Board . See cautionary statement and endnotes at the end of this release . NEWMONT 2022 GUIDANCE AND LONGER - TERM OUTLOOK 1