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Content analysis
?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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| Nine Months Ended September 30, |
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| 2017 |
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Income before income and mining tax and other items (1) |
| $ | 805 |
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Adjustments: |
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Fixed charges excluding capitalized interest |
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| 196 |
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Earnings available for fixed charges |
| $ | 1,001 |
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Fixed Charges: |
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Interest expense, net (2) |
| $ | 187 |
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Portion of rental expense representative of interest |
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| 9 |
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Fixed charges added to earnings |
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| 196 |
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Capitalized interest |
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| 15 |
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Total Fixed Charges |
| $ | 211 |
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Ratio of earnings to fixed charges |
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| 4.74 |
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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. |