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- 10-Q Quarterly report
- 3.1 By-laws, As Amended April 24, 2007
- 10.1 Credit Agreement Dated As of July 30, 2004
- 10.2 Form of Award Agreement for Grant of Restricted Stock
- 12.1 Computation of Ratio of Earnings to Fixed Charges
- 31.1 Certification of the CEO Pursuant to Section 302
- 31.2 Certification of the CFO Pursuant to Section 302
- 32.1 Certification of the CEO Pursuant to Section 906
- 32.2 Certification of the CFO Pursuant to Section 906
Exhibit 12.1
NEWMONT MINING CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions except ratio)
Three Months Ended | |||
Earnings: | |||
Income from continuing operations before income tax expense(1) (2) | $ | 186 | |
Adjustments: | |||
Fixed charges added to earnings | 25 | ||
Dividends from equity affiliates | 1 | ||
Amortization of capitalized interest | 3 | ||
$ | 215 | ||
Fixed Charges: | |||
Net interest expense(3) | 23 | ||
Portion of rental expense representative of interest | 2 | ||
Fixed charges added to earnings | 25 | ||
Capitalized interest | 12 | ||
$ | 37 | ||
Ratio of earnings to fixed charges | 5.8 |
(1) | Income from continuing operations before income tax expense, minority interest and equity income of affiliates. |
(2) | Excludes interest on income tax liabilities. Interest and penalties related to income taxes are included inIncome tax expense. |
(3) | Includes interest expense of majority-owned subsidiaries and amortization of debt issuance costs. |