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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 |
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| June 30, |
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| 2018 |
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Income before income and mining tax and other items (1) |
| $ | 588 |
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Adjustments: |
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Fixed charges excluding capitalized interest |
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| 109 |
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Earnings available for fixed charges |
| $ | 697 |
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Fixed Charges: |
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Interest expense, net (2) |
| $ | 102 |
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Portion of rental expense representative of interest |
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| 7 |
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Fixed charges added to earnings |
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| 109 |
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Capitalized interest |
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| 18 |
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Total Fixed Charges |
| $ | 127 |
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Ratio of earnings to fixed charges |
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| 5.49 |
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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. |