EX-12.1 5 nem-20180331ex121d734c6.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)

 

 

 

 

 

 

 

 

Three Months Ended 

 

 

    

March 31, 

 

 

 

2018

 

Income before income and mining tax and other items (1)

 

$

283

 

Adjustments:

 

 

 

 

Fixed charges excluding capitalized interest

 

 

57

 

Earnings available for fixed charges

 

$

340

 

Fixed Charges:

 

 

 

 

Interest expense, net (2)

 

$

53

 

Portion of rental expense representative of interest 

 

 

 4

 

Fixed charges added to earnings 

 

 

57

 

Capitalized interest 

 

 

 8

 

Total Fixed Charges

 

$

65

 

Ratio of earnings to fixed charges 

 

 

5.23

 

 

(1)

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