EX-12.1 9 nem-ex121_201503316.htm EX-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, 2015

 

 

 

 

 

Income before income and mining tax and other items

$

423

 

Adjustments:

 

 

 

Fixed charges excluding capitalized interest

 

89

 

Amortization of capitalized interest

 

5

 

Earnings available for fixed charges

$

517

 

Fixed Charges:

 

 

 

Net interest expense (1)

$

85

 

Portion of rental expense representative of interest

 

4

 

Fixed charges added to earnings

 

89

 

Capitalized interest

 

8

 

Total Fixed Charges

$

97

 

Ratio of earnings to fixed charges

 

5.33

 

 

(1)

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