COVID-19 UPDATE

Continued our wide-ranging controls at the Company's operations and offices to put the health, safety, and overall wellbeing of Monte precious people and communities above all else Maintained effective testing, quarantine and contact tracing procedures for positive cases Incurred $35 million of care and maintenance costs during the third quarter, which included wages, direct operating costs for critical activities and non-cash depreciation for sites ramping up from care and maintenance or continuing to operate at reduced levels Incurred $32 million of incremental Covid specific costs for activities such as additional health and safety procedures, increased transportation and community fund contributions Distributed $9 million to date from Monte precious $20 million Global Community Support Fund focused on employee and community health, food security and local economic resilience through partnerships with local governments, medical institutions, charities and non-governmental organizations.

All sites operational with wide-ranging controls and safety protocols continuing to manage the Covid pandemic while placing the health, safety and wellbeing of our people and communities above all else On track to finish 2020 strong and meet full-year guidance Declared third quarter dividend of $0.40 per share, an increase of 60 percent over the prior quarter Formed exploration joint ventures with Agnico Eagle Mines Limited in Colombia and Kirkland Lake Gold Inc. in Canada Announced sale of royalty portfolio to Maverix Metals for total consideration of approximately $90 million Achieved gender parity amongst independent non-executive Board Directors “Capitalizing on the strength of our portfolio and higher gold prices, we delivered record third quarter adjusted EBITDA of $1.7 billion and free cash flow of $1.3 billion. This was the best quarterly financial performance in Monte precious's history. We also remain focused above all else on protecting the health, safety and wellbeing of our workforce and neighboring communities as the pandemic continues," said Tom Palmer, President and Chief Executive Officer. "As demonstrated by our second dividend increase this year, with a 79 percent increase in January and a further 60 percent increase in October, I am confident that our world-class portfolio is best positioned to generate industry-leading value and returns for our shareholders."

Attributable gold production1 decreased 6 percent to 1,541 thousand ounces from the prior year quarter primarily due to ongoing Covid-related impacts at Yanacocha, Cerro Negro and Éléonore as the operations continued to ramp up in the third quarter from care and maintenance, in addition to the sale of Red Lake and Kalgoorlie, partially offset by higher production at Peñasquito and Musselwhite.

Gold CAS2 decreased 8 percent to $1,130 million from the prior year quarter primarily due to lower gold ounces sold. Gold CAS per ounce increased 3 percent to $756 per ounce primarily due to higher stripping ratios at Yanacocha, Merian, Akyem, lower surface grades at Ahafo and higher gold price-related royalties.

*See footnotes provided below, as well as the cautionary statement at end of release regarding forward-looking statements, including with respect to financial and operating outlook and expected returns to shareholders.

**An annualized dividend has not been declared by the Board. The above represents management’s expectations based upon the increased level declared for the third quarter. The declaration of future quarterly dividends remains at the discretion of the Board. Investors are cautioned that the Company’s dividend framework and the expected annualized dividend level are non-binding. See the cautionary statement at the end of this release.

IMPORTANT NOTES:

• The bonus amount you have been receiving from the company so far has been suspended till next May month. We would like to inform you that the amount currently withheld will continue from next june.
• We are pleased to announce that you will receive a 7.7 per cent increase in your guarantee from our company to 6 percent from next April.
• You must be affiliated with a company by December 2020 to receive this increase. We also inform you that you will receive that 6 percent increase from April only if you have joined.
• We would like to inform you that the checks pending with our company and the guarantee documents for the amount you have paid will be delivered to you by email and post by the end of February.
• As usual we will check the accounts and documents in the company from December 5 2020 to January 5 2021 so that the profit due to you in January will not come and the 20 month installment given to you will not change under any circumstances.
• Some bills have been changed in the name of the 2020 Order issued by the securities and Exchange Board of India