EX-12.1 4 d755143dex121.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, 2014		  

Earnings:

   

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

    $ 235  

Adjustments:

   

Fixed charges added to earnings

      196  

Amortization of capitalized interest

      10  
  

 

 

  
   $ 441  
  

 

 

  

Fixed Charges:

   

Net interest expense (2)

    $ 187  

Portion of rental expense representative of interest

      9  
  

 

 

  

Fixed charges added to earnings

      196  

Capitalized interest

      9  
  

 

 

  
   $ 205  
  

 

 

  

Ratio of earnings to fixed charges

      2.2  
  

 

(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.