NEWMONT EQUITY AND NET INCOME (LOSS) PER COMMON SHARE

Newmont Common Stock

In September 2018, Newmont filed a shelf registration statement on Form S-3 under which it can issue an indeterminate number or amount of common stock, preferred stock, debt securities, guarantees of debt securities and warrants from time to time at indeterminate prices, subject to the limitations of the Delaware General Corporation Law, our certification of incorporation and our bylaws. It also includes the ability to resell an indeterminate amount of common stock, preferred stock and debt securities from time to time upon exercise of warrants or conversion of convertible securities.

In order to consummate the Newmont Goldcorp transaction, the Company amended its Restated Certificate of Incorporation to increase Newmont’s authorized number of shares of common stock from 750 million to 1.28 billion, as approved by Newmont shareholders at the April 11, 2019 special meeting of stockholders.

Net Income (Loss) per Common Share

Basic net income (loss) per common share is computed by dividing income available to Newmont common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed similarly, except that weighted average common shares is increased to reflect all dilutive instruments, including employee stock awards. The dilutive effects of Newmont’s dilutive securities are calculated using the treasury stock method.


	Years Ended December 31,
		2020		2019		2018
Net income (loss) attributable to Newmont stockholders:
Continuing operations		$	2,666	$	2,877	$	280
Discontinued operations		163		(72)		61
		$	2,829	$	2,805	$	341

Weighted average common shares (millions):
Basic		804		735		533
Effect of employee stock-based awards		2		2		2
Diluted		806		737		535

Net income (loss) per common share attributable to Newmont stockholders:
Basic:
Continuing operations		$	3.32	$	3.92	$	0.53
Discontinued operations		0.20		(0.10)		0.11
		$	3.52	$	3.82	$	0.64
Diluted:
Continuing operations		$	3.31	$	3.91	$	0.53
Discontinued operations		0.20		(0.10)		0.11
		$	3.51	$	3.81	$	0.64

On April 18, 2019, the Company issued 285 million shares related to the Newmont Goldcorp transaction. For additional information related to the Newmont Goldcorp transaction, see Note 3.

During the years ended December 31, 2020, 2019 and 2018, the Company repurchased and retired approximately 10 million, 12 million and 2.7 million shares of its common stock for $521, $479 and $98, respectively. Approximately 0.7 million of the shares repurchased and retired in the year ended December 31, 2018 related to common stock that was held by participants in the Retirement Savings Plan of Newmont and Retirement Savings Plan for Hourly-Rated Employees of Newmont. During the years ended December 31, 2020, 2019 and 2018, the Company withheld 1.0 million, 1.4 million and 1.0 million shares, respectively, for payments of employee withholding taxes related to the vesting of stock awards.

Historical Timeline

Fiscal Year	Filed
2020	Feb 18, 2021	Showing above
2019	Feb 20, 2020

2018	Feb 21, 2019

2017	Feb 22, 2018

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

NEWMONT Corp /DE/ Earnings Per Share Disclosure

Historical Timeline

About Earnings Per Share Disclosures

Other Available Disclosures