Risk Factors Update Summary

• COP28 replaces COP27, with a carbon tax increase from C$30 to C$65 per tonne of CO2, set to rise to C$170 by 2030.
• The Mining Reform in Mexico adds significant uncertainty for foreign investors and companies, impacting land and water rights.
• Detailed changes in reclamation liabilities, with an increase of $620 million and adjustments to asset retirement costs.
• Detailed updates on tailings management risks, including failures, environmental impacts, and regulatory challenges.
• Sales of gold may decrease due to shifts in investor sentiment and increased production costs.
• A strike at Peñasquito resulted in a 100% increase in profit-sharing benefits, impacting labor costs.
• Addition of copper and lead to the list of prices affecting business, with copper prices decreasing from $3.99 to $3.85 per pound.
• Increased focus on supply chain risks, including competition, disruptions, and cost impacts, affecting operations and projects.
• Increased focus on geotechnical, geothermal, and hydrogeological challenges impacting production and profitability.
• The acquisition of Newcrest poses risks including integration challenges, unanticipated costs, and loss of key employees.
• Inclusion of molybdenum in estimated reserves, with a focus on extraction feasibility and price impact.
• Enhanced ESG management, community support programs, and risks related to illegal mining activities and civil disturbances.
• Newcrest's historical estimates differ from SEC standards, potentially affecting confidence in disclosures.
• Expansion of tailings disposal areas and potential environmental impacts, with a focus on compliance challenges.