Incoming CEO Tom Palmer to Provide Update on Newmont Goldcorp at Denver Gold Forum

Newmont Goldcorp Corporation’s (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) President and incoming chief executive, Tom Palmer, will present Tuesday, September 17 at 10:30 am (MDT) at the 30^th annual Denver Gold Forum, the world’s largest gathering of precious commodity equities. Mr. Palmer’s presentation is now available on the Company’s website.

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Tom Palmer, President and incoming chief executive officer (Photo: Business Wire)

“As the world’s leading gold company, Newmont remains focused on keeping our people safe, while growing our profit margins through operating, technical and financial discipline,” said Mr. Palmer. “We will also generate value for our shareholders by leveraging Newmont’s leading land position and exploration program in favorable jurisdictions to grow our Reserves and Resources.”

Mr. Palmer’s presentation will focus on:

Exceeding targeted synergiesⁱ

• On track to exceed $365 million in G&A and exploration synergies, Full Potential improvements, and supply chain savings by 2021
• Achieved G&A synergies of $110 million versus targeted $85 million
• By year-end 2019, achieve a $200 million run-rate, representing 55 percent of the Company’s three-year commitment on value delivery
• In 2019, expect $50 million per annum in value from Peñasquito in Mexico alone, with an additional $200 million in improvement opportunities identified

Portfolio optimization

• Process underway for the potential sale of Red Lake in Canada
• Divested interest in Nimba iron ore project in Guinea
• Continuing to streamline portfolio to focus on high quality assets in favorable jurisdictions
• Optimizing and effectively sequencing the development of Newmont’s world-class project pipeline

Building on proven strategy

• Track record of superior operational execution, project delivery and long-term value creation
• Continued focus on returns and disciplined capital allocation
• Ahafo Mill Expansion in Ghana, Quecher Main in Peru and Borden in Canada expected to achieve commercial production in fourth quarter
• Disciplined approach to project optimization has delivered eight projects since 2015 with an average internal rate of return more than 30 percent

Newmont Goldcorp has the strongest and most sustainable portfolio of operations, projects and exploration prospects in the gold sector. This includes the largest Reserves and Resources, with 90 percent of Reserves located in the Americas and Australia.ⁱⁱ These assets allow the Company to sequence profitable projects in its unmatched pipeline to sustain six to seven million ounces of steady gold production over a decades-long time horizon.