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Previous: NEWMONT MINING CORP, 10-Q, EX-3.(II), 2000-08-09 |
Next: NEWMONT MINING CORP, 10-Q, EX-27, 2000-08-09 |
<PAGE>
Exhibit 12
NEWMONT MINING CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in thousands except ratio)
(Unaudited)
Six Months Ended
June 30, 2000
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Earnings:
Loss before income taxes $ 16,667
Adjustments:
Net interest expense (1) 40,588
Amortization of capitalized interest 3,166
Portion of rental expense representative of interest 1,048
Undistributed loss of affiliate (15,401)
Minority interest 48,775
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$ 94,843
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Fixed Charges:
Net interest expense (1) $ 40,588
Capitalized interest 1,850
Portion of rental expense representative of interest 1,048
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$ 43,486
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Ratio of earnings to fixed charges 2.2
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(1) Includes interest expense of majority-owned subsidiaries and amortization
of debt issuance costs.
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