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Content analysis
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Exhibit 12.1
NEWMONT MINING CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions, except ratio)
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| Six Months Ended June 30, |
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| 2017 |
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Income before income and mining tax and other items (1) |
| $ | 529 |
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Adjustments: |
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Fixed charges excluding capitalized interest |
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| 137 |
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Earnings available for fixed charges |
| $ | 666 |
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Fixed Charges: |
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Interest expense, net |
| $ | 131 |
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Portion of rental expense representative of interest |
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| 6 |
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Fixed charges added to earnings |
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| 137 |
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Capitalized interest |
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| 8 |
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Total Fixed Charges |
| $ | 145 |
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Ratio of earnings to fixed charges |
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| 4.59 |
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(1) | Represents amount from continuing operations. |
(2) | Includes interest expense of majority-owned consolidated subsidiaries and amortization of debt issuance costs. |