EX-12.1 3 c15423exv12w1.htm EXHIBIT 12.1 Exhibit 12.1
Exhibit 12.1
NEWMONT MINING CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions except ratio)
         
    Three Months Ended  
    March 31, 2011  
Earnings:
        
Income before income and mining tax and other items (1)
   $ 973  
Adjustments:
        
Fixed charges added to earnings
     68  
Amortization of capitalized interest
     6  
 
      
 
   $ 1,047  
 
      
Fixed Charges:
        
Net interest expense (2)
   $ 65  
Portion of rental expense representative of interest
     4  
 
      
Fixed charges added to earnings
     69  
Capitalized interest
     7  
 
      
 
   $ 76  
 
      
Ratio of earnings to fixed charges
     13.8  
 
(1)   Excludes interest on income tax liabilities. Interest and penalties related to income taxes are included in Income and mining tax expense.
 
(2)   Includes interest expense of majority-owned subsidiaries and amortization of debt issuance costs.