EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS Computation of Ratio of Earnings

Exhibit 12.1

NEWMONT MINING CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Amounts in millions except ratio)

 

     Nine Months Ended
September 30, 2006

Earnings:

   

Income from continuing operations before income tax expense (1)

    $ 1,265

Adjustments:

   

Fixed charges added to earnings

      74

Dividends from equity affiliates

      ––

Amortization of capitalized interest

      9
      
   $ 1,348
      

Fixed Charges:

   

Net interest expense (2)

      70

Portion of rental expense representative of interest

      4
      

Fixed charges added to earnings

      74

Capitalized interest

      46
      
   $ 120
      

Ratio of earnings to fixed charges

      11.2
(1) Income from continuing operations before income tax expense, minority interest and equity income of affiliates.
(2) Includes interest expense of majority-owned subsidiaries and amortization of debt issuance costs.