Commodity Price Volatility: The market price of gold and other metals, which are highly volatile and subject to global economic and geopolitical factors, significantly impacts Newmont's revenue and profitability.

Operational Risks and Disruptions: Mining operations face inherent risks such as equipment failures, geological complexities, natural disasters, accidents, labor disputes, and power outages, all of which can disrupt production and increase costs.

Regulatory and Environmental Compliance: Newmont operates under complex and evolving environmental, social, and governance (ESG) regulations, requiring significant investment in compliance, permitting, and potential remediation efforts.