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Newmont Announces Attributable Third Quarter Gold and Copper Production and Sales

October 16, 2012

DENVER, Oct. 16, 2012 /PRNewswire/ — Newmont Mining Corporation (NYSE: NEM) (“Newmont” or the “Company”) today reported preliminary third quarter attributable gold and copper production of 1.24 million ounces and 35 million pounds, respectively. Preliminary attributable gold and copper sales were 1.21 million ounces and 38 million pounds, respectively, at average realized prices of approximately $1,659 per ounce of gold and $3.54 per pound of copper. The London PM Fix average gold price for the quarter was $1,652 per ounce. Third quarter production was impacted by lower mill availability and recoveries at Boddington, and lower ore tonnes and grade mined at Tanami in Australia.

The Company is also expecting a $27 million charge for Hope Bay care and maintenance and a charge of approximately $50 million for restructuring, severance, and related costs in Other Expense for the quarter.

Newmont will report its third quarter 2012 financial results on Thursday, November 1(st), 2012, after market close.

    Region                                          Q3 2012 Attributable Production       Q3 2012 Attributable Sales* YTD 2012 Attributable Production YTD 2012 Attributable Sales*
                                                             (Kozs, Mlbs)                        (Kozs, Mlbs)                   (Kozs, Mlbs)                   (Kozs, Mlbs)
    ---                                                       -----------                         -----------                    -----------                    -----------

    Nevada                                                                       457                                 442                           1270                           1236
    La Herradura                                                                  51                                  51                            164                            164
    ------------                                                                 ---                                 ---                            ---                            ---
      North America                                                              508                                 493                           1434                           1400
      -------------                                                              ---                                 ---                           ----                           ----
    Yanacocha                                                                    182                                 182                            570                            558
    La Zanja                                                                      14                                  14                             40                             40
    --------                                                                     ---                                 ---                            ---                            ---
      South America                                                              196                                 196                            610                            598
      -------------                                                              ---                                 ---                            ---                            ---
    Boddington                                                                   166                                 167                            508                            507
    Other Australia/NZ                                                           229                                 223                            710                            690
    Batu Hijau                                                                     7                                   7                             26                             23
    ----------                                                                   ---                                 ---                            ---                            ---
      Asia Pacific                                                               402                                 397                           1244                           1220
      ------------                                                               ---                                 ---                           ----                           ----
    Ahafo                                                                        131                                 123                            438                            422
    -----                                                                        ---                                 ---                            ---                            ---
      Africa                                                                     131                                 123                            438                            422
      ------                                                                     ---                                 ---                            ---                            ---
    Total Gold                                                                  1237                                1209                           3726                           3640
    ----------                                                                  ----                                ----                           ----                           ----
    Boddington                                                                    16                                  17                             48                             46
    Batu Hijau                                                                    19                                  21                             60                             57
    ----------                                                                   ---                                 ---                            ---                            ---
    Total Copper                                                                  35                                  38                            108                            103
    ------------                                                                 ---                                 ---                            ---                            ---
    *Included in attributable sales are Newmont's non-consolidated equity interests in La Zanja and Duketon.

Conference Call Information

A conference call will be held on Friday, November 2, 2012 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
                            888.566.1822
    Dial-In Number
                            312.470.7116
    Intl Dial-In Number
                            John Seaberg
    Leader
                            Newmont
    Passcode
                            800-834-5839
    Replay Number
                            203-369-3351
    Intl Replay Number
                                                                   2012
    Replay Passcode
    Webcast Details

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

                             newmont121102.html
    URL

Please download the free Newmont Investor Relations iPad application from the Apple Online App Store, keyword search “Newmont”.

Cautionary Statement About Preliminary Results

We caution you that, whether or not expressly stated, all measures of the Company’s third quarter financial results and condition contained in this news release, including production, sales, average realized price, care and maintenance costs and other expenses, are preliminary results as of the date of this news release. Actual reported third quarter results are subject to management’s final review as well as review by the Company’s independent registered accounting firm, and may vary due to 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, refer to the Company’s 2011 Annual Report on Form 10-K, filed on February 24, 2012, 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. Investors are encouraged to review the Company’s third quarter Form 10-Q, which is expected to be filed on Form 10-Q on or prior to Friday, November 2, 2012 for the actual reported third quarter results.

    Appendix
    Attributable Production

    Region                  Q3 2011 Attributable Production  Q2 2012 Attributable Production  Q3 2012 Attributable Production  2011 YTD Attributable Production  2012 YTD Attributable Production       % Change               % Change                % Change
                                     (Kozs, Mlbs)                     (Kozs, Mlbs)                     (Kozs, Mlbs)                      (Kozs, Mlbs)                      (Kozs, Mlbs)            Q3 2012 vs Q3 2011     Q3 2012 vs Q2 2012     YTD 2012 vs YTD 2011
    ---                               -----------                      -----------                      -----------                       -----------                       -----------            ------------------     ------------------     --------------------

    Nevada                                               428                              378                              457                              1218                              1270                     7%                    21%                      4%
    La Herradura                                          54                               59                               51                               156                               164                    -4%                   -12%                      5%
    ------------                                         ---                              ---                              ---                               ---                               ---                   ---                    ---                     ---
       North America                                     482                              437                              508                              1374                              1434                     5%                    16%                      4%
       -------------                                     ---                              ---                              ---                              ----                              ----                   ---                    ---                     ---
    Yanacocha                                            169                              200                              182                               492                               570                     8%                    -9%                     16%
    La Zanja                                              19                               13                               14                                49                                40                   -26%                     8%                    -18%
    --------                                             ---                              ---                              ---                               ---                               ---                   ---                    ---                     ---
      South America                                      188                              213                              196                               541                               610                     4%                    -8%                     13%
      -------------                                      ---                              ---                              ---                               ---                               ---                   ---                    ---                     ---
    Boddington                                           166                              180                              166                               536                               508                     0%                    -8%                     -5%
    Other Australia/NZ                                   263                              212                              229                               814                               710                   -13%                     8%                    -13%
    Batu Hijau                                            66                                8                                7                               138                                26                   -89%                   -13%                    -81%
    ----------                                           ---                              ---                              ---                               ---                               ---                   ---                    ---                     ---
      Asia Pacific                                       495                              400                              402                              1488                              1244                   -19%                     0%                    -16%
      ------------                                       ---                              ---                              ---                              ----                              ----                   ---                    ---                     ---
    Ahafo                                                146                              132                              131                               478                               438                   -10%                    -1%                     -8%
    -----                                                ---                              ---                              ---                               ---                               ---                   ---                    ---                     ---
      Africa                                             146                              132                              131                               478                               438                   -10%                    -1%                     -8%
      ------                                             ---                              ---                              ---                               ---                               ---                   ---                    ---                     ---
    Total Gold                                          1311                             1182                             1237                              3881                              3726                    -6%                     5%                     -4%
    ----------                                          ----                             ----                             ----                              ----                              ----                   ---                    ---                     ---
    Boddington                                            17                               18                               16                                47                                48                    -7%                   -12%                      2%
    Batu Hijau                                            41                               20                               19                               112                                60                   -54%                    -5%                    -46%
    ----------                                           ---                              ---                              ---                               ---                               ---                   ---                    ---                     ---
    Total Copper                                          58                               38                               35                               159                               108                   -40%                    -8%                    -32%
    ------------                                         ---                              ---                              ---                               ---                               ---                   ---                    ---                     ---

SOURCE Newmont Mining Corporation


Source: PR Newswire