Newmont: Sustaining capital seen at $1-$1.2B per year over 5 year period

Sustaining capital is expected to remain steady at $1 to $1.2 billion per year over the five year period, covering infrastructure, equipment and ongoing mine development. This incorporates slightly higher spend as compared to 2022 due to higher costs driven by inflationary pressures and increased projected spend on tailings facilities in compliance with the Global Industry Standard on Tailings Management .