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Previous: NEWMONT MINING CORP, 10-Q, EX-10, 2000-11-14 |
Next: NEWMONT MINING CORP, 10-Q, EX-27, 2000-11-14 |
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Exhibit 12
NEWMONT MINING CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in thousands except ratio)
(Unaudited)
Nine Months Ended
September 30, 2000
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Earnings:
Loss before income taxes $ (14,220)
Adjustments:
Net interest expense (1) 59,834
Amortization of capitalized interest 4,737
Portion of rental expense representative of interest 1,616
Undistributed loss of affiliate (14,735)
Minority interest 67,717
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$ 104,949
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Fixed Charges:
Net interest expense (1) $ 59,834
Capitalized interest 4,039
Portion of rental expense representative of interest 1,616
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$ 65,489
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Ratio of earnings to fixed charges 1.6
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(1) Includes interest expense of majority-owned subsidiaries and amortization
of debt issuance costs.
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