RE: Updated May Presentation18 May 2026 14:24
Paddy, I’m sticking with Newmont definition:
Newmont defines a Tier 1 asset as a mine that, on average over its life:
1. Produces more than 500,000 gold-equivalent ounces (GEOs) per year
2. Has all-in sustaining costs (AISC) in the lower half of the industry cost curve
3. Has an expected mine life greater than 10 years
4. Operates in jurisdictions rated in the A or B ranges by Moody’s, S&P, and Fitch
Z