Exhibit 12.2
NEWMONT MINING CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in thousands except ratio)
(Unaudited)
Three Months Ended March 31, 2002 | |||
As Revised | |||
Earnings: | |||
Loss before income taxes | $ | (4,472 | ) |
Adjustments: | |||
Net interest expense (1) | 28,224 | ||
Amortization of capitalized interest | 2,208 | ||
Portion of rental expense representative of interest | 627 | ||
Undistributed income of affiliate | 516 | ||
Minority interest of majority owned subsidiaries | 10,643 | ||
$ | 37,746 | ||
Fixed Charges: | |||
Net interest expense (1) | $ | 28,224 | |
Capitalized interest | 1,222 | ||
Portion of rental expense representative of interest | 627 | ||
$ | 30,073 | ||
Ratio of earnings to fixed charges | 1.3 | ||
(1) Includes interest expense of majority-owned subsidiaries and amortization of debt issuance costs.