EX-12.1 4 nem-20160630ex1214434eb.htm EX-12.1 Ex_121

Exhibit 12.1

NEWMONT MINING CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Amounts in millions, except ratio)

 

 

 

 

 

 

 

 

Six Months Ended

 

 

    

June 30, 2016

 

 

 

 

 

 

Income before income and mining tax and other items

 

$

894

 

Adjustments:

 

 

 

 

Fixed charges excluding capitalized interest

 

 

158

 

Earnings available for fixed charges

 

$

1,052

 

Fixed Charges:

 

 

 

 

Interest expense, net (1)

 

$

150

 

Portion of rental expense representative of interest 

 

 

8

 

Fixed charges added to earnings 

 

 

158

 

Capitalized interest 

 

 

19

 

Total Fixed Charges

 

$

177

 

Ratio of earnings to fixed charges 

 

 

5.94

 

 


(1)

Includes interest expense of majority-owned consolidated subsidiaries and amortization of debt issuance costs.