Newmont receives A3 credit rating from Moody's

Mr. Tom Palmer reports NEWMONT UPGRADED TO A3 RATING BY MOODY'S Moody's Ratings has upgraded Newmont Corp.'s issuer credit rating to A3 from Baa1, with a stable outlook. The upgrade is supported by Newmont's improved credit profile, strengthened balance sheet, excellent liquidity position and prudent financial management. "The upgrade from Moody's underscores the strength of Newmont's balance sheet and our commitment to a disciplined, balanced approach to capital allocation," said Tom Palmer, Newmont's chief executive officer. "Over the past several years, Newmont has significantly reduced gross debt, maintained a stable dividend framework and advanced a capital allocation strategy designed to deliver long-term value. Maintaining a strong and investment-grade balance sheet is core to this strategy, and we remain confident in our ability to generate robust free cash flow across a range of gold price environments." Newmont ended the second quarter of 2025 with $6.2-billion of consolidated cash and $10.2-billion of liquidity. The company's capital allocation priorities remain unchanged, balancing financial strength and flexibility with steady reinvestment in the business, while also delivering strong shareholder returns through regular dividends and share repurchases. About Newmont Corp. Newmont is the world's leading gold company, and a producer of copper, zinc, lead and silver. The company's world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in Africa, Australia, Latin America and the Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index, and is widely recognized for its principled environmental, social and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Founded in 1921, the company has been publicly traded since 1925. Newmont's purpose is to create value and improve lives through sustainable and responsible mining. We seek Safe Harbor.