EX-12.1 2 nem-20170930ex1215718c6.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)

 

 

 

 

 

 

 

    

Nine Months Ended September 30, 

 

 

 

2017

 

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

 

$

805

 

Adjustments:

 

 

 

 

Fixed charges excluding capitalized interest

 

 

196

 

Earnings available for fixed charges

 

$

1,001

 

Fixed Charges:

 

 

 

 

Interest expense, net (2)

 

$

187

 

Portion of rental expense representative of interest 

 

 

 9

 

Fixed charges added to earnings 

 

 

196

 

Capitalized interest 

 

 

15

 

Total Fixed Charges

 

$

211

 

Ratio of earnings to fixed charges 

 

 

4.74

 

 

(1)

Represents amount from continuing operations.

(2)

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