NOTE 1 BASIS OF PRESENTATION The interim Condensed Consolidated Financial Statements (interim statements) of Newmont Goldcorp Corporation, a Delaware corporation, formerly Newmont Mining Corporation, and its subsidiaries (collectively, Newmont, Newmont Goldcorp or the Company) are unaudited. In the opinion of management, all adjustments (including normal recurring adjustments) and disclosures necessary for a fair presentation of these interim statements have been included. The results reported in these interim statements are not necessarily indicative of the results that may be reported for the entire year. These interim statements should be read in conjunction with Newmonts Consolidated Financial Statements for the year ended December 31, 2018 filed on February 21, 2019 on Form 10-K. The year-end balance sheet data was derived from the audited financial statements and, in accordance with the instructions to Form 10-Q, certain information and footnote disclosures required by United States (U.S.) generally accepted accounting principles (GAAP) have been condensed or omitted. References to C$ refers to Canadian currency. On January 14, 2019, the Company entered into a definitive agreement (as amended by the first amendment to the arrangement agreement, dated as of February 19, 2019, the Arrangement Agreement.) to acquire all outstanding shares of Goldcorp, Inc. (Goldcorp), an Ontario corporation. On April 18, 2019 (acquisition date), pursuant to the Arrangement Agreement, Newmont completed the business acquisition of Goldcorp. Under the terms of the Arrangement Agreement, the Company acquired all outstanding common shares of Goldcorp in a primarily stock transaction (the Newmont Goldcorp transaction) for total cash and non-cash consideration of $9,456. For further information, see Note 3. ? On March 10, 2019, the Company entered into an implementation agreement with Barrick Gold Corporation (Barrick) to establish a joint venture (Nevada JV Agreement). On July 1, 2019 (the effective date), Newmont and Barrick consummated the Nevada JV Agreement and established Nevada Gold Mines LLC (NGM), which combined certain mining operations and assets located in Nevada, historically included in the Companys North America reportable segment, and certain of Barricks Nevada mining operations and assets. In connection with the closing of the Nevada JV Agreement, Newmont and Barrick entered into an Amended and Restated Limited Liability Company Agreement of NGM, which is the primary operating document governing NGM. Pursuant to the terms of the Nevada JV Agreement, Newmont and Barrick hold economic interests in the joint venture equal to 38.5% and 61.5%, respectively. Barrick acts as the operator of NGM with overall management responsibility and is subject to the supervision and direction of NGMs Board of Managers, which is comprised of two managers appointed by Newmont and three managers appointed by Barrick. Newmont and Barrick have an equal number of representatives on NGMs technical, exploration and finance advisory committees. In connection with the establishment of NGM on July 1, 2019, Newmont and The Bank of New York Mellon Trust Company, N.A. executed the first supplemental indenture to the indenture dated, March 22, 2005 (Indenture), pursuant to which the Company has issued $600 of 5.875% notes due in 2035. Under the terms of the first supplemental indenture, NGM agreed to provide a full and unconditional guarantee of the Companys notes due in 2035, subject to the terms and conditions set forth in the Indenture. ? On July 1, 2019 the Company also entered into a toll milling agreement with NGM for processing sulfide concentrate produced at CC&amp;V. Under the terms of the agreement, CC&amp;V will deliver a minimum of 4,000 tons and a maximum of 8,333 tons of concentrate per month for milling to NGM, with NGM and CC&amp;V each covering 50% of the cost of transportation. CC&amp;V will pay $20 per ton towards milling costs and reimburse NGM for dore refining and transportation costs. CC&amp;V will receive credit for all gold recovered and NGM will utilize the concentrate as a fuel source for the NGM roaster. The agreement expires on December 31, 2020. ? In connection with entering into the Nevada JV Agreement, Newmont entered into a mutual two-year standstill agreement with Barrick, which will expire on July 1, 2021. As of the effective date, the Company will deconsolidate its existing Nevada mining operations and assets contributed to NGM in exchange for the fair value of its 38.5% economic interest in NGM. The Company will account for its interest in NGM using the proportionate consolidation method, thereby recognizing its pro-rata share of the assets, liabilities and operations of NGM. The Company will report NGM as a separate segment in its consolidated financial statements. The valuation of the Companys 38.5% interest in NGM is still in process. A gain or loss resulting in the difference between the carrying value of the contributed assets and the value of the Companys interest in NGM will be recognized upon completion of the valuation in the third quarter.