EX-12.1 10 d566986dex121.htm EX-12.1 EX-12.1

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, 2013  

Earnings:

   

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

    $ (2,085 ) 

Adjustments:

   

Fixed charges added to earnings

      143  

Amortization of capitalized interest

      13  
  

 

 

  
   $ (1,929 ) 
  

 

 

  

Fixed Charges:

   

Net interest expense (2)

    $ 135  

Portion of rental expense representative of interest

      8  
  

 

 

  

Fixed charges added to earnings

      143  

Capitalized interest

      60  
  

 

 

  
   $ 203  
  

 

 

  

Ratio of earnings to fixed charges

      (9.5 ) 
  

 

(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.