Newmont Press Releases

Newmont Announces Staff Reduction in Colorado as Part of Operating Model Shift

Wed, 12 Jun 2013 18:00:00 -0400

DENVER, June 12, 2012 — Newmont Mining Corporation (NYSE: NEM) (“Newmont” or the “Company) announced today that it plans to reduce its workforce in Colorado by at least 33 percent over the next 90 days.

The reduction reflects the company’s work to streamline its operating model and sharpen its ability to create value for shareholders and other stakeholders. In addition to delivering cost and efficiency improvements, the new model will shift greater accountability for production and profitability to its operational teams, and focus its corporate team on strategy and governance.

“Ongoing price volatility and steadily rising costs create intense pressure for Newmont to continuously improve its efficiency and effectiveness. We face some very difficult decisions in streamlining our organization and are committed to treating people fairly throughout this process. Ultimately, we cannot postpone the work we need to accomplish now to create sustainable value for our stakeholders into the future,” said Gary Goldberg, President and Chief Executive Officer.

About Newmont
Founded in 1921 and publicly traded since 1925, Newmont (www.newmont.com) is one of the largest gold companies in the world. Headquartered in Colorado, the Company has approximately 40,000 employees and contractors, with the majority working at core operations in the United States, Australia, Peru, Indonesia, New Zealand and Ghana. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont's industry leading performance is reflected through high standards in environmental management, health and safety for its employees, and creating value and opportunity for host communities and shareholders.

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Media Contacts

Omar Jabara 303.837.5114 omar.jabara@newmont.com

Diane Reberger 303.967.9455 diane.reberger@newmont.com

Investor Contact

John Seaberg 303.837.5743 john.seaberg@newmont.com

Newmont Announces First Quarter 2013 Results

Mon, 29 Apr 2013 16:43:00 -0400

Consolidated spending(1) down $217 million or 13% vs. prior year quarter; 2013 capital expenditure guidance lowered by $100 million

This release should be read in conjunction with Newmont's First Quarter 2013 Form 10-Q filed with the Securities and Exchange Commission on April 29, 2013 (available at www.newmont.com).

DENVER, April 29, 2013 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") today reported attributable net income from continuing operations of $315 million, or $0.63 per basic share, down 44% from $561 million, or $1.13 per basic share in the first quarter of 2012. As previously reported, results for the first quarter of 2013 compared to the first quarter of 2012 were influenced by lower grade and recovery at Carlin and lower grade at Twin Creeks in Nevada, and shipping delays resulting in lower concentrate sales. Adjusted net income²was $354 million, or $0.71 per basic share, compared with $578 million, or $1.17 per basic share, for the prior year quarter.

Quarterly Highlights³

Attributable gold and copper production of 1.165 million ounces and 38 million pounds, down 11% and up 9%, respectively, from the prior year quarter; attributable gold and copper sales of 1.142 million ounces and 31 million pounds, down 11% and 16%, respectively, from the prior year quarter;
Attributable all-in sustaining costs¹ down 7% or $92 million vs. prior year quarter;
Gold and copper costs applicable to sales ("CAS") of $758 per ounce and $2.19 per pound, up 22% and up 11%, respectively, from the prior year quarter;
Consolidated spending¹ down $217 million, or 13% vs. prior year quarter;
Lowering 2013 capital expenditure guidance by $100 million;
Maintaining attributable gold and copper production and CAS guidance for the year; and
Second quarter dividend payable of $0.35 per share in accordance with the Company's gold-price-linked dividend policy and consistent with the prior year quarter.

"We made progress on our plans to build long-term shareholder value through disciplined capital allocation and cost and efficiency improvements," said Gary Goldberg , President and Chief Executive Officer. "We cut planned 2013 capital expenditure guidance by $100 million and reduced our consolidated spending by $217 million compared to the first quarter of 2012. This drove our all-in sustaining cost per ounce to the lower end of guidance despite some production challenges. We continue to build on this and the $130 million savings we realized last year by streamlining operating and overhead costs and investing in more profitable production to improve shareholder returns. We expect first production at Akyem in Ghana later this year, and the ramp up Phase 6 ore mining at Batu Hijau in Indonesia late next year, to enhance free cash flow in 2014 and 2015," added Goldberg.

The Company continues to expect full year 2013 attributable gold and copper production of 4.8 – 5.1 million ounces and 150 – 170 million pounds, respectively. Planned production is expected to increase in the second half of the year primarily as a result of greater mill throughput in Nevada and the ramp up of first production at Akyem in Ghana.

Newmont is lowering its 2013 attributable and consolidated capital expenditure outlook by $100 million to $2.0 to $2.2 billion, and to $2.3 to $2.5 billion, respectively.

As previously announced, Newmont's Board of Directors approved a second quarter gold price-linked dividend in accordance with the Company's gold price-linked dividend policy of $0.35 per share⁴ based upon the average London P.M. Gold Fix for the first quarter.

Operations

North America

Nevada – Attributable gold production in Nevada was 381,000 ounces at CAS of $774 per ounce during the first quarter. Gold production decreased 12% from the prior year quarter due to lower grade and recovery at Mill 5 and Mill 6 and lower grade at the Twin Creeks autoclave, partially offset by new production at Emigrant and higher throughput at Phoenix. CAS per ounce increased 25% due to lower ounces sold and lower capitalized mine development activities in 2013 compared to 2012.

The Company continues to expect 2013 attributable gold production of between 1.7 million and 1.8 million ounces at CAS of between $600 and $650 per ounce and is lowering its 2013 capital expenditure outlook range by $50 million to between $550 to $600 million, consolidated and attributable. The Board also recently approved full funding of $398 million for the Turf/Leevile vent shaft scheduled for completion in 2015.

La Herradura – Attributable gold production at La Herradura in Mexico was 55,000 ounces at CAS of $717 per ounce during the first quarter. Gold production increased 2% from the prior year quarter due to higher leach placement and grade. CAS per ounce increased 23% due to mining additional waste tons compared to 2012.

The Company continues to expect 2013 attributable gold production of between 225,000 and 275,000 ounces at CAS of between $650 and $700 per ounce.

South America

Yanacocha – Attributable gold production at Yanacocha in Peru was 147,000 ounces at CAS of $568 per ounce during the first quarter. Gold production decreased 22% from the prior year quarter due to lower mill grade and lower leach ore placement from Chaquicocha. CAS per ounce increased 24% due to lower production and lower silver by-product credits.

The Company continues to expect 2013 attributable gold production of between 475,000 and 525,000 ounces at CAS of between $600 and $650 per ounce.

La Zanja – Attributable gold production during the first quarter at La Zanja in Peru was approximately 15,000 ounces.

The Company continues to expect 2013 attributable gold production of between 40,000 and 50,000 ounces.

Australia/New Zealand

Boddington – Attributable gold and copper production during the first quarter at Boddington in Australia was 177,000 ounces and 18 million pounds, respectively, at CAS of $873 per ounce and $2.35 per pound, respectively. Gold and copper production increased 9% and 29%, respectively, from the prior year quarter due to higher mill grade. CAS increased 12% per ounce and increased 21% per pound from the prior year quarter due to a higher strip ratio, higher mill maintenance costs, and the impact of the carbon tax which took effect in July 2012. Copper costs applicable to sales were also affected by the higher co-product cost allocated to copper compared to the prior year quarter.

The Company continues to expect 2013 attributable gold production of between 700,000 and 750,000 ounces at CAS of between $850 and $950 per ounce and attributable copper production of between 70 and 80 million pounds at CAS of between $2.45 and $2.65 per pound.

Other Australia/New Zealand – Attributable gold production⁵ during the first quarter was 258,000 ounces at CAS of $962 per ounce. Gold production decreased 4% from the prior year quarter due to lower mill grade at Jundee, Kalgoorlie, and Tanami coupled with lower throughput at Tanami and partly offset by higher throughput at Waihi. CAS per ounce increased 27% primarily due to lower production, higher operating costs, and the impact of the carbon tax.

The Company continues to expect 2013 attributable gold production of between 925,000 and 975,000 ounces at CAS of between $950 and $1,050 per ounce and is lowering its 2013 capital expenditure outlook range by $25 million to between $200 to $250 million, consolidated and attributable.

Indonesia

Batu Hijau – Attributable gold and copper production during the first quarter at Batu Hijau in Indonesia was 7,000 ounces and 20 million pounds, respectively, at CAS of $993 per ounce and $2.05 per pound, respectively. Gold and copper production decreased 36% and 5%, respectively, due to lower grade and recovery as a result of processing lower grade stockpiled material as Phase 6 stripping continues. CAS increased 9% per ounce and 3% per pound, respectively, due to lower production partially offset by lower mill maintenance costs.

The Company continues to expect 2013 attributable gold production of between 20,000 and 30,000 ounces at CAS of between $900 and $1,000 per ounce and attributable copper production of between 75 and 90 million pounds at CAS of between $2.20 and $2.40 per pound.

Africa

Ahafo – Attributable gold production during the first quarter at Ahafo in Ghana was 125,000 ounces at CAS of $555 per ounce. Gold production decreased 29% from the prior year quarter due to an increase of in-process inventory and lower milled grade, partly offset by higher recovery. CAS per ounce decreased 2% from the prior year quarter due to lower mining and milling costs compared to the prior year quarter.

The Company continues to expect 2013 attributable gold production at Ahafo of between 525,000 and 575,000 ounces at CAS of between $550 and $600 per ounce.

The Company is lowering its 2013 capital expenditure outlook range for Africa by $25 million to between $625 to $675 million, consolidated and attributable.

All-in Sustaining Costs Update

Consolidated spending is down $217 million, or 13% vs. prior year quarter. Consolidated all-in sustaining costs were $1,086 per ounce during the first quarter, or $1,115 per ounce on an attributable basis, due to lower gold and copper production, partially offset by lower advanced projects, exploration and sustaining capital spending. The Company continues to expect all-in sustaining costs of between $1,100 to $1,200 per ounce on both a consolidated and attributable basis for 2013.

The following table reconciles this non-GAAP measure to the most directly comparable GAAP measure:

All-In Sustaining Costs ($M)			Three Months Ended March 31,
			2013		2012
	Cost applicable to sales			1,044		1,017
	Advanced projects, research and development, and Exploration			111		190
	General and administrative			56		54
	Other expense, net⁽¹⁾			46		70
	Sustaining capital⁽²⁾			238		381
	Consolidated Spending		$	1,495	$	1,712
	Copper sales		$	(135)	$	(233)
		Consolidated all-in sustaining costs	$	1,360	$	1,479
		Noncontrolling interests	$	(119)	$	(146)
		Attributable all-in sustaining costs	$	1,241	$	1,333

	Gold ounces sold (thousands)
		Consolidated		1,252		1,455
		Noncontrolling interests		(139)		(181)
		Attributable⁽³⁾		1,113		1,274

	All-in sustaining costs (per ounce)
		Consolidated	$	1,086	$	1,016
		Attributable	$	1,115	$	1,046

	(1)	Other expense, net is adjusted for restructuring of $9 and TMAC transaction costs of $45 for 2013 and Hope Bay care and maintenance of $50 for 2012.

	(2)	Excludes capital expenditures for development projects at Conga, Akyem, Phoenix Copper Leach, and Turf Vent Shaft for 2013 and 2012 and additionally, excludes Emigrant for 2012 only.

	(3)	Excludes attributable production from La Zanja and Duketon.

Capital Update

Capital expenditures in North America during the first quarter of 2013 were primarily related to the construction of the Phoenix Copper Leach project, the development of the Turf/Leeville vent shaft, surface and underground mine development in both Nevada and Mexico and infrastructure improvements in Nevada. Capital expenditures in South America were primarily related to the Conga and Merian projects, surface mine development and equipment purchases. The majority of capital expenditures in Australia and New Zealand were for underground mine development, tailings facility construction, mining equipment purchases and infrastructure improvements. Capital expenditures in Batu Hijau were primarily for equipment and equipment component purchases and infrastructure improvements. Capital expenditures in Africa were primarily related to Akyem development and the Subika expansion project, equipment purchases and surface mine development at Ahafo.

We remain focused on the progression of our next generation of mining projects. Approximately 40% of our 2013 capital expenditures will be allocated as development capital, including the Akyem project, the Phoenix Copper Leach project, the Ahafo Mill Expansion, the Conga project and other expansion projects in Nevada and at La Herradura, with the remaining 60% expected to be spent on sustaining capital. Additional capital investment is also possible at the Merian project in Suriname in 2013 pending the outcome of further dialogue with the government and project economic evaluation. We continue to manage our wider project portfolio to maintain flexibility to address the development risks associated with our projects including permitting, local community and government support, engineering and procurement availability, technical issues, escalating costs and other associated risks that could adversely impact the timing and costs of certain opportunities.

2013 Outlook^6,7

2013 Attributable Production, Consolidated CAS and Capital Outlook
Region	Attributable Production *(Kozs, Mlbs)*	Consolidated CAS *($/oz, $/lb) ^b*	Consolidated Capital Expenditures ($M) ^c	Attributable Capital Expenditures ($M)^c
Nevada ^a	1,700 - 1,800	$600 - $650	$550 - $600	$550 - $600
La Herradura	225 - 275	$650 - $700	$125 - $175	$125 - $175
*North America*	*1,950 - 2,050*	*$600 - $650*	*$700 - $750*	*$700 - $750*
Yanacocha	475 - 525	$600 - $650	$225 - $275	$100 - $150
La Zanja	40 - 50	-	-	-
Conga	-	-	$250 - $300	$125 - $175
*South America*	*550 - 600*	*$600 - $650*	*$550 - $600*	*$250 - $300*
Boddington	700 - 750	$850 - $950	$125 - $175	$125 - $175
Other Australia/NZ	925 - 975	$950 - $1,050	$200 - $250	$200 - $250
*Australia/New Zealand*	*1,625 - 1,725*	*$900 - $1,000*	*$350 - $400*	*$350 - $400*
*Batu Hijau, Indonesia^d*	*20 - 30*	*$900 - $1,000*	*$75 - $125*	*$25 - $75*
Ahafo	525 - 575	$550 - $600	$375 - $425	$375 - $425
Akyem	50 - 100	$450 - $500	$225 - $275	$225 - $275
*Africa*	*625 - 675*	*$525 - $575*	*$625 - $675*	*$625 - $675*
Corporate/Other	-	-	$20 - $30	$20 - $30
*Total Gold*	*4,800 - 5,100*	*$675 - $750*	*$2,300 - $2,500*	*$2,000 - $2,200*
Boddington	70 - 80	$2.45 - $2.65	-	-
Batu Hijau	75 - 90	$2.20 - $2.40	-	-
*Total Copper*	*150 - 170*	*$2.25 - $2.50*
^aNevada CAS includes by-product credits from an estimated 30-40 million pounds of copper production at Phoenix, net of treatment and refining charges.
^b2013 Attributable CAS Outlook is $700 - $750 per ounce.
^cExcludes capitalized interest of approximately $142 million, consolidated and attributable.
^dAssumes Batu Hijau economic interest of 44.56% for 2013, subject to final divestiture obligations.

2013 Expense Outlook
Description	Consolidated Expenses ($M)	Attributable Expenses ($M)

General & Administrative	$200 - $250	$200 - $250
DD&A	$1,050 - $1,100	$850 - $900
Exploration Expense	$250 - $300	$225 - $275
Advanced Projects & R&D	$350 - $400	$300 - $350
Other Expense	$200 - $250	$150 - $200
Sustaining Capital	$1,400 - $1,500	$1,200 - $1,300
Interest Expense	$200 - $250	$175 - $225
Tax Rate	30% - 32%	30% - 32%
All-in sustaining cost ($/ounce)^a,b,c	$1,100 - $1,200	$1,100 - $1,200
Key Assumptions
Gold Price ($/ounce)	$1,500	$1,500
Copper Price ($/pound)	$3.50	$3.50
Oil Price ($/barrel)	$90	$90
AUD Exchange Rate	$1.00	$1.00

^aAll-in sustaining cost is a non-GAAP metric defined by the Company as the sum of costs applicable to sales, copper by-product credits, G&A, exploration expense, advanced projects and R&D, other expense, and sustaining capital.
^b All-in sustaining cost per ounce is calculated by dividing all-in sustaining cost by the midpoint of estimated sales, less non-consolidated interests in La Zanja and Duketon and development ounces.
^c The Company's methodology for calculating all-in sustaining costs was developed independently, and is subject to change due to a number of factors including the possible adoption of formal industry guidelines from the World Gold Council.

NEWMONT MINING CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(unaudited, in millions except per share)

			Three Months Ended
			March 31,
			2013		2012

Sales			$	2,177	$	2,683

Costs and expenses
	Costs applicable to sales ⁽¹⁾			1,044		1,017
	Amortization			267		231
	Reclamation and remediation			18		16
	Exploration			59		88
	Advanced projects, research and development			52		102
	General and administrative			56		54
	Other expense, net			100		120
				1,596		1,628
Other income (expense)
	Other income, net			26		33
	Interest expense, net			(65)		(52)
				(39)		(19)
Income before income and mining tax and other items				542		1,036
Income and mining tax expense				(181)		(343)
Equity income (loss) of affiliates				(4)		(19)
Income from continuing operations				357		674
Income (loss) from discontinued operations				-		(71)
Net income				357		603
Net income attributable to noncontrolling interests				(42)		(113)
Net income attributable to Newmont stockholders			$	315	$	490

Net income attributable to Newmont stockholders:
	Continuing operations		$	315	$	561
	Discontinued operations			-		(71)
			$	315	$	490
Income per common share
	Basic:
		Continuing operations	$	0.63	$	1.13
		Discontinued operations		-		(0.14)
			$	0.63	$	0.99
	Diluted:
		Continuing operations	$	0.63	$	1.11
		Discontinued operations		-		(0.14)
			$	0.63	$	0.97

Cash dividends declared per common share			$	0.425	$	0.35

⁽¹⁾ Excludes Amortization and Reclamation and remediation.

NEWMONT MINING CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited, in millions)

			Three Months Ended
			March 31,
			2013		2012
Operating activities:
	Net income		$	357	$	603
	Adjustments:
		Amortization		267		231
		Stock based compensation and other non-cash benefits		19		17
		Reclamation and remediation		18		16
		Loss from discontinued operations		-		71
		Impairment of marketable securities		4		24
		Deferred income taxes		(11)		(55)
		Gain on asset sales, net		(1)		(10)
		Other operating adjustments and write-downs		74		72
		Net change in operating assets and liabilities		(288)		(356)
Net cash provided from continuing operations				439		613
Net cash used in discontinued operations				(6)		(4)
Net cash provided from operations				433		609
Investing activities:
	Additions to property, plant and mine development			(510)		(696)
	Acquisitions, net			(8)		(11)
	Sale of marketable securities			1		-
	Purchases of marketable securities			(1)		(143)
	Proceeds from sale of other assets			25		12
	Other			(14)		(17)
Net cash used in investing activities				(507)		(855)
Financing activities:
	Proceeds from debt, net			80		3,346
	Repayment of debt			-		(1,907)
	Payment of conversion premium on debt			-		(172)
	Proceeds from stock issuance, net			1		2
	Sale of noncontrolling interests			32		-
	Acquisition of noncontrolling interests			(6)		-
	Dividends paid to common stockholders			(211)		(173)
	Other			(1)		(2)
Net cash provided from (used in) financing activities				(105)		1,094
Effect of exchange rate changes on cash				(4)		4
Net change in cash and cash equivalents				(183)		852
Cash and cash equivalents at beginning of period				1,561		1,760
Cash and cash equivalents at end of period			$	1,378	$	2,612

	NEWMONT MINING CORPORATION

	CONDENSED CONSOLIDATED BALANCE SHEETS
	(unaudited, in millions)

		At March 31,		At December 31,
		2013		2012
	ASSETS
Cash and cash equivalents		$	1,378	$	1,561
Trade receivables			212		283
Accounts receivable			553		577
Investments			75		86
Inventories			846		796
Stockpiles and ore on leach pads			956		786
Deferred income tax assets			297		195
Other current assets			1,309		1,661
	Current assets		5,626		5,945
Property, plant and mine development, net			18,151		18,010
Investments			1,361		1,446
Stockpiles and ore on leach pads			2,952		2,896
Deferred income tax assets			473		481
Other long-term assets			888		872
	Total assets	$	29,451	$	29,650
	LIABILITIES
Debt		$	10	$	10
Accounts payable			590		657
Employee-related benefits			290		339
Income and mining taxes			109		51
Other current liabilities			1,653		2,084
	Current liabilities		2,652		3,141
Debt			6,379		6,288
Reclamation and remediation liabilities			1,465		1,457
Deferred income tax liabilities			862		858
Employee-related benefits			598		586
Other long-term liabilities			370		372
	Total liabilities		12,326		12,702

	EQUITY
Common stock			788		787
Additional paid-in capital			8,407		8,330
Accumulated other comprehensive income			429		490
Retained earnings			4,270		4,166
Newmont stockholders' equity			13,894		13,773
Noncontrolling interests			3,231		3,175
	Total equity		17,125		16,948
	Total liabilities and equity	$	29,451	$	29,650

Regional Operating Statistics
Production Statistics Summary
	Three Months Ended March 31,
	2013	2012
Consolidated gold ounces produced (thousands):
North America
Nevada	381	435
La Herradura	55	54
	436	489
South America
Yanacocha	285	366

Australia/New Zealand
Boddington	177	162
Other Australia/New Zealand	244	265
	421	427
Indonesia
Batu Hijau	14	22

Africa
Ahafo	125	175
	1,281	1,479
Consolidated copper pounds produced (millions):
Boddington	18	14
Batu Hijau	40	43
	58	57
Attributable gold ounces produced (thousands):
North America
Nevada	381	435
La Herradura	55	54
	436	489
South America
Yanacocha	147	188
Other South America Equity Interests	15	13
	162	201
Australia/New Zealand
Boddington	177	162
Other Australia/New Zealand	244	265
Other Australia/New Zealand Equity Interests	14	4
	435	431
Indonesia
Batu Hijau	7	11

Africa
Ahafo	125	175
	1,165	1,307
Attributable copper pounds produced (millions):
Boddington	18	14
Batu Hijau	20	21
	38	35

CAS and Capital Expenditures
	Three Months Ended March 31,
	2013		2012
Gold
Costs Applicable to Sales ($/ounce)⁽¹⁾
North America
Nevada	$	774	$	617
La Herradura		717		581
		767		613
South America
Yanacocha		568		458

Australia/New Zealand
Boddington		873		782
Other Australia/New Zealand		962		757
		922		767
Indonesia
Batu Hijau		993		913

Africa
Ahafo		555		568
Average	$	758	$	620
Attributable to Newmont	$	781	$	637
Copper
Costs Applicable to Sales ($/pound)⁽¹⁾
Boddington	$	2.35	$	1.94
Batu Hijau		2.05		2.00
Average	$	2.19	$	1.98
Attributable to Newmont	$	2.24	$	1.97
⁽¹⁾Consolidated Costs applicable to sales excludes Amortization and Reclamation and remediation.

		Three Months Ended March 31,
		2013		2012
Consolidated Capital Expenditures ($ million)
North America
Nevada	$	106	$	157
La Herradura		19		21
		125		178
South America
Yanacocha		48		93
Conga		86		147
Other South America		21		27
		155		267
Australia/New Zealand
Boddington		25		23
Other Australia/New Zealand		41		73
		66		96
Indonesia
Batu Hijau		23		33

Africa
Ahafo		60		50
Akyem		68		85
		128		135
Corporate and Other		-		11
Total - Accrual Basis	$	497	$	720
Change in Capital Accrual		13		(24)
Total - Cash Basis	$	510	$	696
Attributable to Newmont (Accrual Basis)	$	420	$	586

Supplemental Information

Non-GAAP Financial Measures
Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by generally accepted accounting principles ("GAAP"). These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.

Reconciliation of Adjusted Net Income to GAAP Net Income
Management of the Company uses Adjusted net income to evaluate the Company's operating performance, and for planning and forecasting future business operations. The Company believes the use of Adjusted net income allows investors and analysts to compare results of the continuing operations of the Company and its direct and indirect subsidiaries relating to the production and sale of minerals to similar operating results of other mining companies, by excluding exceptional or unusual items. Management's determination of the components of Adjusted net income are evaluated periodically and based, in part, on a review of non-GAAP financial measures used by mining industry analysts.

Net income attributable to Newmont stockholders is reconciled to Adjusted net income as follows:

		Three Months Ended March 31,
		2013		2012
Net income attributable to Newmont stockholders		$	315	$	490
	Restructuring and other		5		-
	Impairments/asset sales, net		4		17
	TMAC transaction costs		30		-
	Discontinued operations (income) loss		-		71
Adjusted net income		$	354	$	578
Adjusted net income per share, basic		$	0.71	$	1.17
Adjusted net income per share, diluted		$	0.71	$	1.15

CAS per Ounce/Pound
CAS per ounce/pound are non-GAAP financial measures. These measures are calculated by dividing the CAS of gold and copper by gold ounces or copper pounds sold, respectively. These measures are calculated on a consistent basis for the periods presented on both a consolidated and attributable to Newmont basis. Attributable CAS is based on our economic interest in production from our mines. For operations where we hold less than a 100% economic share in the production, we exclude the share of gold or copper production attributable to the non-controlling interest. We include attributable CAS per ounce/pound to provide management, investors and analysts with information with which to compare our performance to other gold producers. CAS per ounce/pound statistics are intended to provide additional information only and do not have any standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The measures are not necessarily indicative of operating profit or cash flow from operations as determined under GAAP. Other companies may calculate these measures differently.

Net attributable CAS per ounce measures the benefit of copper produced in conjunction with gold, as a credit against the cost of producing gold. A number of other gold producers present their costs net of the contribution from copper and other non-gold sales. We believe that including a measure of this basis provides management, investors and analysts with information with which to compare our performance to other gold producers, and to better assess the overall performance of our business. In addition, this measure provides information to enable investors and analysts to understand the importance of non-gold revenues to our cost structure.

*Costs applicable to sales per ounce/pound*
		Gold				Copper
		Three Months Ended March 31,				Three Months Ended March 31,
		2013		2012		2013		2012

Costs applicable to sales:
	Consolidated per financial statements	$	949	$	902	$	95	$	115
	Noncontrolling interests⁽¹⁾		(81)		(91)		(24)		(44)
	Attributable to Newmont	$	868	$	811	$	71	$	71

Gold/Copper sold (thousand ounces/million pounds):
	Consolidated		1,252		1,455		43		58
	Noncontrolling interests⁽¹⁾		(139)		(181)		(12)		(22)
	Attributable to Newmont		1,113		1,274		31		36

Costs applicable to sales per ounce/pound:
	Consolidated	$	758	$	620	$	2.19	$	1.98
	Attributable to Newmont	$	781	$	637	$	2.24	$	1.97

*Net attributable costs applicable to sales per ounce*
		Three Months Ended March 31,
		2013		2012

Attributable costs applicable to sales:
	Gold	$	868	$	811
	Copper		71		71
			939		882

Copper revenue:
	Consolidated		(135)		(233)
	Noncontrolling interests⁽¹⁾		36		89
			(99)		(144)
Net attributable costs applicable to sales		$	840	$	738

Attributable gold ounces sold (thousands)			1,113		1,274

Net attributable costs applicable to sales per ounce		$	755	$	580

⁽¹⁾Relates to partners' interests in Batu Hijau and Yanacocha.

Conference Call Information
A conference call will be held on Tuesday, April 30, 2013 at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time); it will also be carried on the Company's website.

Conference Call Details

Dial-In Number	888.566.1822
Intl Dial-In Number	312.470.7116
Leader	John Seaberg
Passcode	Newmont
Replay Number	800-846-5455
Intl Replay Number	203-369-3127
Replay Passcode	2013

Webcast Details

URL	http://services.choruscall.com/links/newmont130430.html

The First Quarter 2013 results and related financial and statistical information will be available after the market close on Monday, April 29, 2013 on the "Investor Relations" section of the Company's web site, www.newmont.com. Additionally, the conference call will be archived for a limited time on the Company's website.

Cautionary Statement Regarding Forward Looking Statements, Including 2013 Outlook:

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, without limitation: (i) estimates of future production and sales; (ii) estimates of future costs applicable to sales; (iii) estimates of future consolidated and attributable capital expenditures, CAS, and all-in sustaining cost; and (iv) expectations regarding the development, growth and exploration potential of the Company's projects. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company's projects being consistent with current expectations and mine plans; (iii) political developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar to the U.S. dollar, as well as other the exchange rates being approximately consistent with current levels; (v) certain price assumptions for gold, copper and oil; (vi) prices for key supplies being approximately consistent with current levels; and (vii) the accuracy of our current mineral reserve and mineral resource estimates. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the "forward-looking statements". Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks, community relations, conflict resolution and outcome of projects or oppositions and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company's 2012 Annual Report on Form 10-K, filed on February 22, 2013, with the Securities and Exchange Commission, as well as the Company's other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement. Continued reliance on "forward-looking statements" is at investors' own risk.

¹ Non-GAAP measure. See page 4 for reconciliation to costs applicable to sales which was $1,044 and $1,017 for the three months ended March 31 2013 and 2012, respectively.

² Non-GAAP measure. See page 13 for reconciliation to net income attributable to stockholders which was $315 and $490 for the three months ended March 31, 2013 and 2012, respectively.

³Amounts reported are on a Consolidated basis, unless otherwise noted.

⁴ Payable on June 27, 2013 to shareholders of record as of June 12, 2013.

⁵ Includes 14,000 and 4,000 attributable ounces in the first quarter 2013 and 2012, respectively, from our interest in Duketon.

⁶ Outlook referenced in the table above and elsewhere in this release is based upon management's good faith estimates as of April 29, 2013 and are considered "forward-looking statements." References to outlook guidance are based on current mine plans, assumptions noted above and current geotechnical, metallurgical, hydrological and other physical conditions, which are subject to risk and uncertainty as discussed in the "Cautionary Statement" on page 15 and in the section entitled "Risk Factors" in the Company's form 10-K.

⁷ 2013 Annual CAS, inclusive of hedge gains and losses, are expected to change by approximately $13 per ounce for every $10 change in the oil price and by approximately $6 per ounce for every $0.10 change in the Australian dollar exchange rate.

SOURCE Newmont Mining Corporation

media, Omar Jabara, 1.303.837.5114, omar.jabara@newmont.com, or Diane Reberger, 1.303.967.9455, diane.reberger@newmont.com, or investor, John Seaberg, 1.303.837.5743, john.seaberg@newmont.com, or Karli Anderson, 1.303.837.6049, karli.anderson@newmont.com

Newmont Declares Quarterly Dividend of $0.35 per share

Wed, 24 Apr 2013 16:30:00 -0400

DENVER, April 24, 2013 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") announced today its Board of Directors declared a quarterly dividend of $0.35 per share of common stock, payable on June 27, 2013, to holders of record at the close of business on June 12, 2013.

The second quarter 2013 dividend of $0.35 per share was based on the average London P.M. Fix of $1,632 per ounce for the first quarter 2013.

In addition, Newmont Mining Corporation of Canada Limited (TSX: NMC) today declared a regular quarterly dividend of CAD $0.3595 per share on its exchangeable shares, payable June 27, 2013, to holders of record at the close of business on June 12, 2013. This dividend is designated as an "eligible dividend" for Canadian tax purposes.

Cautionary Statement:

SOURCE Newmont Mining Corporation

Media Contact, Omar Jabara, 1-303-837-5114, omar.jabara@newmont.com, or Diane Reberger 1-303-967-9455, diane.reberger@newmont.com, or Investor Contact, John Seaberg, 1-303-837-5743, john.seaberg@newmont.com, or Karli Anderson 1-303-837-6049, karli.anderson@newmont.com

Newmont Announces First Quarter Attributable Gold and Copper Production and Sales

Wed, 17 Apr 2013 19:25:00 -0400

DENVER, April 17, 2013 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") today reported preliminary first quarter attributable gold and copper production of 1.165 million ounces and 38 million pounds, respectively. Preliminary attributable gold and copper sales were 1.142 million ounces and 31 million pounds, respectively, at average realized prices of approximately $1,631 per ounce of gold and $3.13 per pound of copper. The London PM Fix average gold price for the quarter was $1,632 per ounce.

The Company currently continues to expect full year 2013 attributable gold and copper production of 4.8 – 5.1 million ounces and 150 – 170 million pounds, respectively. Planned production currently is expected to increase in the second half of the year primarily as a result of greater mill throughput in Nevada and the ramp up of first production at Akyem in Ghana. First quarter production was impacted by lower mill availability due to record cold weather in Nevada as well as lower than planned ore grades at Twin Creeks and Carlin in Nevada. First quarter sales were impacted by shipping delays, which resulted in lower concentrate sales for the quarter. The cold weather in Nevada and the shipping delays incurred in the first quarter are not expected to impact production or sales in the second half of the year. In light of the prevailing volatile metal price environment, the Company is continuing to review potential opportunities to improve cash flow and preserve financial flexibility.

Q1 2013 Preliminary Operating Results

Attributable Production
	Q1 2012 Attributable Production	Q4 2012 Attributable Production	Q1 2013 Attributable Production	% Change Q1 2013 vs	% Change Q1 2013 vs
Region	*(Kozs, Mlbs)*	*(Kozs, Mlbs)*	*(Kozs, Mlbs)*	*Q1 2012*	*Q4 2012*

Nevada ^a	435	478	381	-12%	-20%
La Herradura	54	48	55	2%	15%
*North America*	489	526	436	-11%	-17%
Yanacocha	188	121	147	-22%	21%
La Zanja	13	13	15	15%	15%
*South America*	201	134	162	-19%	21%
Boddington	162	216	177	9%	-18%
Other Australia/NZ	269	245	258	-4%	5%
*Asia Pacific*	431	461	435	1%	-6%
Batu Hijau	11	7	7	-36%	0%
*Indonesia*	11	7	7	-36%	0%
Ahafo	175	123	125	-29%	2%
*Africa*	175	123	125	-29%	2%
*Total Gold*	1,307	1,251	1,165	-11%	-7%
Boddington	14	16	18	29%	13%
Batu Hijau	21	19	20	-5%	5%
*Total Copper*	35	35	38	9%	9%

Attributable Sales
	Q1 2012 Attributable Sales ^b	Q4 2012 Attributable Sales ^b	Q1 2013 Attributable Sales ^b	% Change Q1 2013 vs	% Change Q1 2013 vs
Region	*(Kozs, Mlbs)*	*(Kozs, Mlbs)*	*(Kozs, Mlbs)*	*Q1 2012*	*Q4 2012*

Nevada ^a	433	483	351	-19%	-27%
La Herradura	54	48	55	2%	15%
*North America*	487	531	406	-17%	-24%
Yanacocha	180	122	143	-21%	17%
La Zanja	12	13	15	25%	15%
*South America*	192	135	158	-18%	17%
Boddington	176	204	200	14%	-2%
Other Australia/NZ	256	246	256	0%	4%
*Asia Pacific*	432	450	456	6%	1%
Batu Hijau	10	9	3	-70%	-67%
*Indonesia*	10	9	3	-70%	-67%
Ahafo	169	105	119	-30%	13%
*Africa*	169	105	119	-30%	13%
*Total Gold*	1,290	1,230	1,142	-11%	-7%
Boddington	16	20	20	25%	0%
Batu Hijau	21	23	11	-48%	-52%
*Total Copper*	37	43	31	-16%	-28%

^aProduction and sales volumes do not include copper production from the Phoenix mine. Phoenix copper production is accounted for as a by-product and its revenues, net of treatment and refining charges, are credited to Nevada costs applicable to sales as a by-product credit.
^bIncluded in attributable sales are Newmont's non-consolidated equity interests in La Zanja and Duketon.

Conference Call Details

Newmont Mining Corporation will report First Quarter 2013 results after the market closes on Monday, April 29, 2013. A conference call will be held on Tuesday, April 30^th at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time); it will also be carried on the Company's website.

Conference Call Details

	Dial-In Number	888.566.1822
	Intl Dial-In Number	312.470.7116
	Leader	John Seaberg
	Passcode	Newmont
	Replay Number	800-846-5455
	Intl Replay Number	203-369-3127
	Replay Passcode	2013

Webcast Details

URL

http://services.choruscall.com/links/newmont130430.html

Cautionary Statement Regarding 2013 Preliminary Operating Highlights

We caution you that, whether or not expressly stated, all measures of the Company's first quarter 2013 financial results and condition contained in this news release, including production, sales, and average realized price are preliminary and reflect our expected first quarter 2013 results as of the date of this news release. Actual reported first quarter 2013 results are subject to management's final review, as well as review by the Company's independent registered accounting firm and may vary significantly from those expectations because of a number of factors, including, without limitation, additional or revised information and changes in accounting standards or policies or in how those standards are applied. For a discussion of factors that may adversely affect our financial results and condition, see the Company's 2012 Annual Report on Form 10-K, filed on February 22, 2013, with the Securities and Exchange Commission ("SEC"), as well as the Company's other SEC filings, available on the SEC's website at www.sec.gov. The Company will provide additional discussion and analysis and other important information about its first quarter 2013 financial results and condition when it reports actual results on April 29, 2013.

Cautionary Statement Regarding Forward Looking Statements, Including 2013 Outlook:

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, without limitation: estimates of future production and sales, as well as expectations regarding future mill throughput, ramp up, weather impacts and shipping schedules. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company's projects being consistent with current expectations and mine plans; (iii) political developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar to the U.S. dollar, as well as other the exchange rates being approximately consistent with current levels; (v) certain price assumptions for gold, copper and oil; (vi) prices for key supplies being approximately consistent with current levels; and (vii) the accuracy of our current mineral reserve and mineral resource estimates. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the "forward-looking statements". Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks, community relations, conflict resolution and outcome of projects or oppositions and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company's 2012 Annual Report on Form 10-K, filed on February 22, 2013, with the SEC, as well as the Company's other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement. Continued reliance on "forward-looking statements" is at investors' own risk.

SOURCE Newmont Mining Corporation

Media, Omar Jabara, 303.837.5114, omar.jabara@newmont.com, or Diane Reberger, 303.967.9455, diane.reberger@newmont.com, or Investors, John Seaberg, 303.837.5743, john.seaberg@newmont.com, or Karli Anderson, 303.837.6049, karli.anderson@newmont.com

Newmont Announces First Quarter 2013 Earnings Call

Tue, 26 Mar 2013 16:15:00 -0400

DENVER, March 26, 2013 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) announced it will report First Quarter 2013 results after the market closes on Monday, April 29, 2013. A conference call will be held on Tuesday, April 30^th at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time); it will also be carried on the Company's website.

Conference Call Details
Dial-In Number	888.566.1822
Intl Dial-In Number	312.470.7116
Leader	John Seaberg
Passcode	Newmont
Replay Number	800-846-5455
Intl Replay Number	203-369-3127
Replay Passcode	2013

Webcast Details
URL	http://services.choruscall.com/links/newmont130430.html

SOURCE Newmont Mining Corporation

Investors, John Seaberg, 1-303-837-5743, john.seaberg@newmont.com, or Karli Anderson, 1-303-837-6049, karli.anderson@newmont.com, or Media, Omar Jabara, 1-303-837-5114, omar.jabara@newmont.com, or Diane Reberger, 1-303-967-9455, diane.reberger@newmont.com

Newmont Appoints Mining Veteran Chris J. Robison as Executive Vice President of Operations and Projects

Mon, 25 Mar 2013 18:00:00 -0400

DENVER, March 25, 2013 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") announced the appointment of Chris J. Robison as Executive Vice President of Operations and Projects today. Mr. Robison brings more than 32 years in the copper, gold, molybdenum, borates and talc mining sectors to his new role where he will oversee Newmont's gold and copper asset portfolio on five continents along with the Company's safety and security functions.

(Photo: http://photos.prnewswire.com/prnh/20130325/LA83045)

"Chris is one of the best operators in the industry and has developed a solid reputation for sustainably improving safety, costs and profitability at mining and refining operations around the world. He will be a driving force behind our efforts to improve mining fundamentals, build profitable production growth and translate that into value for our shareholders and other stakeholders," said Gary Goldberg, Newmont's President and Chief Executive Officer.

Mr. Robison most recently served as Chief Operating Officer for Rio Tinto Minerals where he managed a global portfolio of mines, processing and shipping facilities, and delivered significant improvements to the organization's profitability, health and safety, environmental and quality performance. Prior to that role, he was Chief Operating Officer for U.S. Borax Inc. with responsibility for mining, refining and distribution facilities on four continents. In the copper and gold sector, Mr. Robison also previously served as Vice President and General Manager, Mining and Concentrating for Kennecott Utah Copper, with responsibility for the Bingham Canyon copper mine, the Copperton Concentrator and Barney's Canyon gold mine.

Mr. Robison holds a Bachelor of Science degree in Metallurgical Engineering from the University of Nevada's Mackay School of Mines. He is also a member of the Society of Metallurgical Engineers and has served on the Board of Directors of the Utah Mining Association. He currently serves on the University of Nevada's Mackay School of Mines Advisory Board.

About Newmont

Founded in 1921 and publicly traded since 1925, Newmont (www.newmont.com) is one of the largest gold companies in the world. Headquartered in Colorado, the Company has approximately 40,000 employees and contractors, with the majority working at core operations in the United States, Australia, Peru, Indonesia and Ghana. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont's industry leading performance is reflected through high standards in environmental management, health and safety for its employees and creating value and opportunity for host communities and shareholders.

SOURCE Newmont Mining Corporation

Media, Omar Jabara, 1-303-837-5114, omar.jabara@newmont.com, or Diane Reberger, 1-303-967-9455, diane.reberger@newmont.com, or Investors, John Seaberg, 1-303-837-5743, john.seaberg@newmont.com, or Karli Anderson, 1-303-837-6049, karli.anderson@newmont.com

TMAC Resources Completes the Acquisition of the Hope Bay Project From Newmont Mining Corporation and Closes $50 Million Financings

Tue, 12 Mar 2013 08:00:00 -0400

(Source: TMAC Resources)

TORONTO, March 12, 2013 – TMAC Resources Inc. (“TMAC” or the “Company”) is pleased to announce the successful completion of its previously announced acquisition of the Hope Bay Project located in Nunavut, Canada from Hope Bay Mining Ltd., a subsidiary of Newmont Mining Corporation (NYSE: NEM) (“Newmont”). In conjunction with the acquisition, TMAC has completed its previously announced private placement consisting of 1,276,259 flow-through common shares at a price of $3.40 per share and 10,220,240 common shares at a price of $3.00 per share for aggregate gross proceeds of $35 million (the “Offering”). Additionally, TMAC has entered into a credit facility with Newmont for up to $15 million (the “Loan”), repayable in cash or TMAC common shares, at Newmont’s option, at the earlier of an initial public offering by TMAC or December 31, 2014.

Proceeds of the financings will be used to re-commence activities at the Hope Bay Project.

Terry MacGibbon, Executive Chairman of TMAC, commented, "With the closing of this Offering, TMAC has fulfilled its contractual obligations to its partner, Newmont, and has secured the funding required to re-commence activities in the prospective Hope Bay Greenstone Belt. Our focus will be on deepening local relationships, completing focused regional exploration and advancing the high grade Doris deposit towards near-term production. Following the completion of a positive pre-feasibility study targeted for mid-2013, TMAC expects to be in possession of the required permits and equipment to bring Doris online. TMAC’s objective is to sequentially develop the full potential of the Hope Bay Greenstone Belt, which we believe has the potential to be Canada’s next major gold district.”

Advisors and Counsel
TMAC’s financial advisor is CIBC, and its legal counsel is Cassels Brock & Blackwell LLP. Newmont’s financial advisors are BMO Capital Markets and J.P. Morgan, and its legal counsel is Lawson Lundell LLP.

About TMAC
TMAC is a privately held mineral exploration and development focused company comprised of the former senior executives of FNX Mining Company Inc. (“FNX”) and headed by Terry MacGibbon, founder of FNX and co-founder and Chairman of Torex Gold Resources Inc. TMAC management has an exceptional track record of developing high grade, profitable underground mines.

Contact Information:
Terry MacGibbon                                           Catharine Farrow
416-520-3516                                                 705-669-7900

Cautionary Statements:
This press release is not an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities referred to in this press release will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933 and applicable state securities laws.

This release contains “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws that are intended to be covered by the safe harbors created by those laws. “Forward-looking statements” or “forward-looking information” include statements that use forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “believe”, “continue”, “potential” or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information includes, without limitation, statements regarding the delivery of a pre-feasibility study that will support production, the potential of the Hope Bay Project, and timing of closing of the transaction, the private placement financing and the planned initial public offering, and other statements that are not historical facts. While such forward-looking statements are expressed by TMAC, as stated in this release, in good faith and believed by TMAC to have a reasonable basis, they are subject to important assumptions, risks and uncertainties including, without limitation, approvals of applicable governmental or regulatory authorities, market conditions for the initial public offering, and positive results of the pre-feasibility study. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties.    TMAC is not a reporting issuer and does not undertake any obligation to release publicly revisions to any forward-looking statement. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at investors' own risk. Statements with respect to the potential of the Hope Bay Project should not be interpreted to mean that an economic analysis has been completed by TMAC. No economic analysis has been completed to date.

Mining Veteran Gary Goldberg Named Chief Executive Officer of Newmont

Fri, 01 Mar 2013 09:00:00 -0500

DENVER, March 1, 2013 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") today announced that President and Chief Operating Officer Gary Goldberg has been named President and Chief Executive Officer and joined Newmont's Board of Directors, pursuant to a succession plan announced on December 3, 2012.

Vincent A. Calarco, Non-Executive Chairman of the Board, said, "We congratulate Gary Goldberg on his appointment and welcome him to the Board. We are confident that Newmont is well positioned for the next stage of its growth and development and that Gary's deep and broad skill set and experience make him the right leader to take the Company forward."

Calarco added, "We thank Richard O'Brien for his loyal service to Newmont and for his many contributions to the Company's success over the past seven years, and wish him well for the future."

Goldberg said, "I am honored to lead Newmont as we focus on strengthening our fundamentals as a mining company and delivering greater value to shareholders. My immediate priorities are to drive a more disciplined approach to capital allocation and to set and meet aggressive cost targets. My overall goal is to build on our superior asset base – including our portfolio, position and people – while attaining industry- leading practices in the areas of safety and social and environmental responsibility."

Prior to joining Newmont in December 2011, Goldberg spent 30 years at Rio Tinto based in the US, UK and Australia and served in increasingly senior positions in its gold, copper, coal, and industrial minerals businesses. He was President and CEO of Rio Tinto Minerals from 2006 to 2011; President and CEO of Rio Tinto Borax from 2004 to 2006; Managing Director of Coal and Allied Industries Ltd from 2001 to 2004; and President and CEO of Kennecott Energy from 1999 to 2001.

Goldberg also served as Chairman of the US National Mining Association from 2008 to 2010 and formed and led its CEO's Safety Task Force. Under his leadership at Rio Tinto Borax, the company was twice named America's safest large mining operation by the federal Mine Safety and Health Administration and was the first mining company to receive the California Governor's Environmental and Economic Leadership Award. In Australia, he was appointed to the government's Business Roundtable on Sustainable Development. He holds a Bachelor of Science degree in Mining Engineering from the University of Wisconsin-Platteville and a Master of Business Administration degree from the University of Utah.

About Newmont
Founded in 1921 and publicly traded since 1925, Newmont (www.newmont.com) is one of the largest gold companies in the world. Headquartered in Colorado, the Company has approximately 40,000 employees and contractors, with the majority working at core operations in the United States, Australia, Peru, Indonesia and Ghana. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont's industry leading performance is reflected through high standards in environmental management, health and safety for its employees and creating value and opportunity for host communities and shareholders.

Cautionary Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include statements relating to the Company's future growth, asset development, cost savings, capital allocation, execution and performance. Such statements relating to future performance are subject to certain risks and other factors as disclosed in the Company's 2012 Annual Report on Form 10-K filed with the Securities and Exchange Commission under the heading "Risk Factors." As such, investors are cautioned not to place undue reliance on forward-looking statements.

SOURCE Newmont Mining Corporation

Media; Omar Jabara, 1-303-837-5114, omar.jabara@newmont.com, or Diane Reberger, 1-303-967-9455, diane.reberger@newmont.com, OR Investor; John Seaberg, 1-303-837-5743, john.seaberg@newmont.com, or Karli Anderson, 1-303-837-6049, karli.anderson@newmont.com