NEWMONT Corp /DE/ (NEM) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that NEWMONT Corp /DE/ surfaced in its latest filing.

• Revised Investment Agreement ratified by Ghana's Parliament in 20152015
• Financial and tax stability periods expired, resulting in loss of tax advantages and protectionsDecember 31, 2025
• Growth and Sustainability Levy introduced and amended2026
• Sliding-scale mineral royalty framework adopted with rates increasing from historical 5% to as high as 12% depending on gold prices
• Proposed amendments to Ghana's Minerals and Mining Act that would shorten duration of new mining leases and lease renewals
• Potential requirement for direct community development agreements with host communities
• Possible reduction or elimination of fiscal stability protections for mining companies
• Establishment of the Ghana Gold Board (GoldBod) focusing on artisanal and small-scale mining production
• Potential requirement to sell up to 30% of gold production to GoldBod in exchange for Ghanaian cedis
• A shipment of doré from Ghana operations was prevented from leaving Ghana pending regulatory engagementJuly 2026
• Sixth edition of the Local Procurement List published by Minerals CommissionJanuary 2025
• Prohibition on mining by mining lease holders, requiring surface mining outsourced to companies with 100% Ghanaian stockholders and directors, and underground operations outsourced to companies with 50% Ghanaian stockholders and directors
• Ghana Chamber of Mines engaging government to revise prohibition on owner mining
• Potential requirement to maintain, repatriate, or transact proceeds through banks domiciled in Ghana
• Limitations on availability or capacity of local banks to provide reclamation bonds or financial assurances
• Government may grant artisanal mining rights or alternative mining rights (sand and gravel) on Company tenure rights without active operations