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Newmont Gold Reserves Increase to 93.5 Million Ounces

February 24, 2011

DENVER, Feb. 24, 2011 /PRNewswire/ — Newmont Mining Corporation (NYSE: NEM) (“Newmont” or “the Company”) today announced it increased attributable gold reserves by 1.7 million ounces to 93.5 million ounces in 2010. Highlights include:

  • Attributable gold reserves of 93.5 million ounces, an increase of 2% from 2009;
  • Average grade of gold reserves unchanged from 2009 at 0.029 ounces per ton;
  • Record attributable copper reserves of 9.4 billion pounds, an increase of 3% from 2009; and
  • Reserves calculated at $950 per ounce and $2.50 per pound, respectively.

Attributable gold Measured and Indicated non-reserve mineralization (“NRM”)(1) for 2010 was 1.3 billion tons at an average grade of 0.019 ounces per ton, up from 1.1 billion tons at an average grade of 0.020 ounces per ton for 2009. In addition, attributable gold Inferred NRM was 504 million tons at an average grade of 0.026 ounces per ton. Attributable copper Measured and Indicated NRM for 2010 was 849 million tons at an average grade of 0.15%, up from 796 million tons at a grade of 0.17% from 2009. In addition, attributable copper Inferred NRM was 390 million tons at an average grade of 0.15%. Gold and copper NRM were calculated using prices of $1,150 per ounce and $3.00 per pound, respectively.

(Photo: http://photos.prnewswire.com/prnh/20110224/LA53860-a)

(Photo: http://photos.prnewswire.com/prnh/20110224/LA53860-b)

North America was the largest contributor to higher gold reserves in 2010, with significant additions at Leeville-Turf, Twin Creeks, Phoenix and La Herradura. Other significant reserve additions were at Tanami in the Asia Pacific region and at Ahafo in the Africa region. North America also had the largest contribution to NRM, with significant additions at Greater Gold Quarry, Leeville-Turf, Buffalo Valley and Twin Creeks. Initial NRM was declared at the Merian project in Suriname. Other significant contributors to NRM included KCGM and Tanami in the Asia Pacific region.

For 2011, Newmont has budgeted $360 million (on a consolidated basis, including capitalized expenditures) for its exploration program, an increase of approximately 44% from 2010. The significant increase allows for accelerated exploration in all regions including at Leeville-Turf and Hope Bay in North America, Merian and Yanacocha Sulfides in South America, and Elang in Asia Pacific.

Exploration Expenditure ($ Million)

(Photo: http://photos.prnewswire.com/prnh/20110224/LA53860-c)

(Photo: http://photos.prnewswire.com/prnh/20110224/LA53860-d)

“We are proud of our recent exploration efforts delivering significant organic additions to our reserves,” said Guy Lansdown, EVP of Discovery & Development. “These results have encouraged us to significantly increase our exploration spending in 2011. We believe our global portfolio of land positions offers considerable opportunity for continued reserve growth in our operating districts through the drill bit. Additionally, our generative exploration activities continue to allow us to look beyond current geographies into exciting new opportunities.”

Near-Mine Exploration: 2010 Highlights and 2011 Planned Activity

Newmont’s 2010 Near Mine Exploration program produced strong results from more than 100 drill rigs and one million meters of drilling. Results spanned the breadth of the resource pipeline, including replacement of depleted reserves from the drill bit. Newmont’s resource pipeline is well-positioned for aggressive development in 2011 with a 44% budget increase, which will allow Newmont to aggressively develop known targets, determine the full extent of emerging targets, test the viability of new early stage projects and explore for new discoveries.

Highlights of the 2010 Near-Mine Exploration Program

  • Leeville-Turf: Reserves and NRM were added through an extensive surface and underground drilling campaign;
  • Subika Expansion: An underground exploration drift was initiated in 2010 and advanced to 2,635 meters, while open pit reserves increased by 1.1 Moz; and
  • Merian: Initial NRM of 1.8 Moz was added in Suriname. A mineral agreement is currently being negotiated.

Leeville-Turf, Nevada

At the Leeville-Turf underground mine, 59.5 km of combined surface and underground drilling contributed to expansion of reserves and NRM in 2010. Underground programs added 364 core holes with positive outcomes adding 1.8 Moz of attributable reserves, 0.6 Moz of NRM and expanded known mineralization in all directions. Following the discovery of ore-grade mineralization up to 1 km from existing workings in early 2010, $25 million was added to the exploration budget for 20 km of deep surface exploration drilling (as deep as 1,200 meters) up to 2.4 kilometers north of the Turf orebody. Drill intercepts located approximately 450 and 2,700 meters north of the Turf workings encountered 9 m of 14.6 g/t and 10 m of 14 g/t, respectively.

Greater Gold Quarry, Nevada

Expansion of the Greater Gold Quarry pit contributed to a 1.0 Moz attributable NRM addition in 2010 drawing from a 326 hole (59 km) drilling program and phased layback re-design. There is excellent potential to expand reserves of oxide and refractory ore at Gold Quarry as large-scale drilling programs will continue for at least the next 2-4 years.

Twin Creeks, Nevada

Drilling at Twin Creeks in 2010 included 74 holes (11.5 km). The program supported cutoff grade changes, pit re-designs and stockpile assignments that combined to add 1.4 Moz of attributable reserves and 0.44 Moz of attributable NRM.

Western Oxides, Peru

At Yanacocha in Peru, the Western District Oxides program at La Quinua Sur, El Tapado and Cerro Negro added 0.6 Moz of attributable reserves. Higher gold price, new metallurgical results and 89 holes drilled in 2008-2009 provided context for updated layback designs and reserve additions.

Merian, Suriname

Based on a total of 179 km drilled in 1,494 holes over the life of the project and positive 2010 prefeasibility studies, 1.8 Moz of attributable NRM was added at the Merian project joint venture. In parallel, the Company is working to finalize a Mineral Agreement with the government of Suriname.

Subika Expansion, Ghana

At the Subika Expansion project, drilling of 28 km in 41 holes aimed at expanding underground and open pit mineral extensions, added 1.1 Moz of attributable open pit reserves in 2010. The calculation of underground NRM from 91 holes with 25 km of underground core drilling in 2010 will be confirmed through model and stope design updates in mid-2011. Concurrently, the exploration drift initiated in 2010 advanced 2,635 meters, vent raises were completed and initial test stope production is anticipated in early 2011. Completion of an underground pre-feasibility study is anticipated in the second quarter of 2011.

Tanami, Australia

At the Tanami underground mine, the 2007 discovery of the Auron orebody and accelerated drill development has expanded 2010 attributable reserves by 0.7 Moz and attributable NRM by 1.1 Moz. Drill totals in 2010 added 51 km in 130 core holes. The Auron orebody sits stratigraphically beneath the Callie mine with potential to access ore from existing underground workings. Auron has potential to significantly expand mine life at Tanami. Drilling is designed to continue to prove continuity of this orebody and add resources in 2011.

Hope Bay, Nunavut (Canada)

At Hope Bay, underground drilling, drifting and preparation for test mining will continue in 2011 along with continued exploration of the belt for new discoveries. Overall drill productivity throughout Hope Bay will increase approximately 50% to an estimated 70-90 km in 2011. The program will focus on confirmation and expansion of known ore bodies plus exploration on the 90 currently identified district targets.

2011 New Near-Mine Activity

Higher metal prices combined with new drilling, metallurgical testing and study work in 2010 led to renewed evaluations on several projects with strong potential to advance in the resource portfolio. These include the Sleeping Giants (Mike, Fiberline, Copper Basin and Greater Phoenix) in Nevada, Yanacocha Verde in South America and Elang in Indonesia.

In 2010, a series of internal pre-scoping assessments were completed on the Sleeping Giants in Nevada to evaluate these assets in the context of current metal pricing, current global portfolio opportunities and approximately 20 km of new drilling information. Positive results on these efforts resulted in four of these very large assets advancing into scoping studies and further exploration as part of the early development pipeline.

Elang is a copper and gold porphyry deposit lying 60 km east of the Batu Hijau mine in Indonesia. Increased gold and copper prices enabled the Company to re-evaluate economic potential with positive preliminary results in an early-stage conceptual setting. Drill permits are approved for the deposit and a 6-10 km drill program is anticipated in 2011 to improve confidence in and possibly expand the consolidated 25 Moz gold and 16 Blb copper target (based on a 3rd party JORC-compliant resource estimate effective June 2010).

At the Yanacocha Verde project in Peru, exciting new metallurgical results may unlock gold and copper mineralization directly below the oxide deposits in the Yanacocha district. The exploration program is focused on quickly advancing to pilot-scale testing and resource conversion drilling.

Generative Exploration: 2010 Results and 2011 Planned Activity

In 2010, Newmont continued to position its Generative Exploration program in the top five percent most prospective geological domains worldwide, where the potential exists for district size opportunities. With a $50 million budget, the Generative Exploration program continued its success of finding and delivering district potential targets into the project pipeline as part of its commitment to organic growth.

Highlights include:

  • A new discovery with significant potential at Cassador(2) in Suriname, building on the previous discoveries at Merian and Saramacca and confirming the potential of the district;
  • Highly promising early stage scout drilling results in the West African program;
  • Generation of twenty quality targets with significant potential for the 2011 drilling program; and
  • Further consolidation of land positions in Peru, Alaska and Mali.

The new discovery at Cassador in Suriname in the Guiana Shield is a good example of Newmont’s successful exploration ventures in discovering and building the next mineral district. Limited exploration scout drilling to date confirmed the target potential over a 1 km strike length and down to a depth of approximately 200 meters. In addition, there is evidence from scout drilling that the mineralized system extends at least 3 km along strike; it contains a number of blind shoots parallel to the main structure and it extends for at least another 100 meters at depth with the system getting stronger. There are also a number of structures parallel to the main structure with encouraging soil geochemical and trench results.

Based on the size and quality of the current portfolio of undrilled targets the Company has increased the Generative Exploration budget to approximately $60 million in 2011, representing a 20% increase relative to 2010. Highlights of the 2011 program include:

  • Further test the upside potential at Cassador in Suriname;
  • Follow up on early stage promising results in West Africa;
  • Drill test 15 to 20 quality targets totaling approximately 95,000 meters in PNG, Solomon Islands, Haiti, Peru and West Africa; and
  • Generate 15 to 20 quality new targets to sustain a strong worldwide portfolio.

Supplemental Information:


     Attributable Proven, Probable, and Combined Gold Reserves(1)


    Deposits/Districts by Reporting Unit
                                            Newmont
                                                       Share

    North America
      Carlin Open Pits, Nevada(2)                 100%
      Carlin Underground, Nevada                  100%
      Midas, Nevada(3)                            100%
      Phoenix, Nevada                           100%
      Twin Creeks, Nevada                       100%
      Turquoise Ridge, Nevada(4)                 25%
      Nevada In-Process(5)                      100%
      Nevada Stockpiles(6)                      100%
                Total Nevada
      La Herradura, Mexico (7)                   44%
    ------------------------                    ---
    TOTAL NORTH AMERICA
    -------------------
    SOUTH AMERICA
      Conga, Peru(8)                          51.35%
      Yanacocha Open Pits(9)                  51.35%
      Yanacocha In-Process(5)                 51.35%
                Total Yanacocha, Peru
      La Zanja, Peru(10)                      46.94%
    ------------------                        -----
    TOTAL SOUTH AMERICA
    -------------------
    Asia Pacific
      Batu Hijau Open Pit(11)                 48.50%
      Batu Hijau Stockpiles(6)(11)            48.50%
                Total Batu Hijau, Indonesia   48.50%
      Boddington, Western Australia             100%
      Duketon, Western Australia (12)          16.2%
      Jundee, Western Australia                 100%
      Kalgoorlie Open Pit and Underground        50%
      Kalgoorlie Stockpiles(6)                   50%
                 Total Kalgoorlie, Western
                 Australia                       50%
      Tanami, Northern Territories              100%
      Waihi, New Zealand                        100%
      ------------------                        ---
    TOTAL ASIA PACIFIC
    ------------------
    Africa
      Ahafo Open Pits(13)                       100%
      Ahafo Stockpiles(6)                       100%
                Total Ahafo, Ghana              100%
      Akyem, Ghana(14)                          100%
    ----------------                            ---
    TOTAL AFRICA
    ------------
    TOTAL NEWMONT WORLDWIDE
    -----------------------


                                               December 31, 2010
                                               -----------------
    Deposits/Districts by
     Reporting Unit                                  Proven Reserves
                                                     ---------------
                                             Tonnage     Grade     Gold
                                                (000                (000
                                                tons) (oz/ton)      ozs)
                                               -----   --------    -----
    North America
      Carlin Open Pits,
       Nevada(2)                             36,600     0.064     2,340
      Carlin Underground,
       Nevada                                 5,800     0.272     1,570
      Midas, Nevada(3)                          200     0.394       100
      Phoenix, Nevada                             0                   0
      Twin Creeks, Nevada                    11,400     0.097     1,110
      Turquoise Ridge,
       Nevada(4)                              1,400     0.458       640
      Nevada In-Process(5)                   28,500     0.022       610
      Nevada Stockpiles(6)                   33,900     0.077     2,630
                Total Nevada                117,800     0.076     9,000
      La Herradura, Mexico
       (7)                                   44,600     0.023     1,010
      --------------------                   ------     -----     -----
    TOTAL NORTH AMERICA                     162,400     0.062    10,010
    -------------------                     -------     -----    ------
    SOUTH AMERICA
      Conga, Peru(8)                              0                   0
      Yanacocha Open Pits(9)                 23,500     0.028       650
      Yanacocha In-
       Process(5)                            21,300     0.025       540
                Total Yanacocha, Peru        44,800     0.027     1,190
      La Zanja, Peru(10)                     10,100     0.018       180
    ------------------                       ------     -----       ---
    TOTAL SOUTH AMERICA                      54,900     0.025     1,370
    -------------------                      ------     -----     -----
    Asia Pacific
      Batu Hijau Open
       Pit(11)                              168,800     0.014     2,420
      Batu Hijau
       Stockpiles(6)(11)                          0                   0
                Total Batu Hijau, Indonesia 168,800     0.014     2,420
      Boddington, Western
       Australia                            181,900     0.021     3,760
      Duketon, Western
       Australia (12)                         1,800     0.056       100
      Jundee, Western
       Australia                              3,100     0.051       160
      Kalgoorlie Open Pit
       and Underground                       15,000     0.061       910
      Kalgoorlie
       Stockpiles(6)                         15,100     0.031       470
                 Total Kalgoorlie, Western
                 Australia                   30,100     0.046     1,380
      Tanami, Northern
       Territories                            6,400     0.151       970
      Waihi, New Zealand                          0                   0
      ------------------                        ---                 ---
    TOTAL ASIA PACIFIC                      392,100     0.022     8,790
    ------------------                      -------     -----     -----
    Africa
      Ahafo Open Pits(13)                         0                   0
      Ahafo Stockpiles(6)                    14,100     0.033       460
                Total Ahafo, Ghana           14,100     0.033       460
      Akyem, Ghana(14)                            0                   0
    ----------------                            ---                 ---
    TOTAL AFRICA                             14,100     0.033       460
    ------------                             ------     -----       ---
    TOTAL NEWMONT
     WORLDWIDE                              623,500     0.033    20,630
    -------------                           -------     -----    ------


                                              December 31, 2010
                                              -----------------
    Deposits/Districts by
     Reporting Unit                                Probable Reserves
                                                   -----------------
                                              Tonnage     Grade     Gold
                                                 (000      (oz/      (000
                                                 tons)    ton)     ozs)
                                                -----     -----     -----
    North America
      Carlin Open Pits,
       Nevada(2)                              226,900    0.040     8,980
      Carlin Underground,
       Nevada                                   8,800    0.330     2,910
      Midas, Nevada(3)                            300    0.264        90
      Phoenix, Nevada                         329,800    0.018     6,090
      Twin Creeks, Nevada                      46,400    0.071     3,280
      Turquoise Ridge,
       Nevada(4)                                1,700    0.456       770
      Nevada In-Process(5)                          0                  0
      Nevada Stockpiles(6)                      2,800    0.028        80
                Total Nevada                  616,700    0.036    22,200
      La Herradura, Mexico (7)                 61,100    0.021     1,280
    ------------------------                   ------    -----     -----
    TOTAL NORTH AMERICA                       677,800    0.035    23,480
    -------------------                       -------    -----    ------
    SOUTH AMERICA
      Conga, Peru(8)                          317,200    0.019     6,080
      Yanacocha Open Pits(9)                  118,800    0.032     3,790
      Yanacocha In-Process(5)                       0                  0
                Total Yanacocha, Peru         118,800    0.032     3,790
      La Zanja, Peru(10)                       10,500    0.016       160
    ------------------                         ------    -----       ---
    TOTAL SOUTH AMERICA                       446,500    0.022    10,030
    -------------------                       -------    -----    ------
    Asia Pacific
      Batu Hijau Open Pit(11)                 124,600    0.006       700
      Batu Hijau
       Stockpiles(6)(11)                      170,700    0.004       610
                Total Batu Hijau, Indonesia   295,300    0.004     1,310
      Boddington, Western
       Australia                              885,900    0.019    16,540
      Duketon, Western
       Australia (12)                           4,500    0.055       250
      Jundee, Western Australia                 1,600    0.373       600
      Kalgoorlie Open Pit and
       Underground                             40,700    0.059     2,390
      Kalgoorlie Stockpiles(6)                      0                  0
                 Total Kalgoorlie, Western
                 Australia                     40,700    0.059     2,390
      Tanami, Northern
       Territories                              7,900    0.134     1,070
      Waihi, New Zealand                        4,200    0.110       460
      ------------------                        -----    -----       ---
    TOTAL ASIA PACIFIC                      1,240,100    0.018    22,620
    ------------------                      ---------    -----    ------
    Africa
      Ahafo Open Pits(13)                     148,300    0.064     9,540
      Ahafo Stockpiles(6)                           0                  0
                Total Ahafo, Ghana            148,300    0.064     9,540
      Akyem, Ghana(14)                        137,900    0.052     7,200
    ----------------                          -------    -----     -----
    TOTAL AFRICA                              286,200    0.059    16,740
    ------------                              -------    -----    ------
    TOTAL NEWMONT WORLDWIDE                 2,650,600    0.027    72,870
    -----------------------                 ---------    -----    ------


                                          December 31, 2010
                                          -----------------
    Deposits/Districts by                      Proven and Probable
     Reporting Unit                                  Reserves
                                              --------------------
                                               Tonnage    Grade  Gold
                                                 (000      (oz/   (000
                                                 tons)     ton)    ozs)
                                                -----     -----   -----
    North America
      Carlin Open Pits,
       Nevada(2)                              263,500    0.043  11,320
      Carlin Underground,
       Nevada                                  14,600    0.307   4,480
      Midas, Nevada(3)                            500    0.319     190
      Phoenix, Nevada                         329,800    0.018   6,090
      Twin Creeks, Nevada                      57,800    0.076   4,390
      Turquoise Ridge,
       Nevada(4)                                3,100    0.457   1,410
      Nevada In-Process(5)                     28,500    0.022     610
      Nevada Stockpiles(6)                     36,700    0.074   2,710
                Total Nevada                  734,500    0.042  31,200
      La Herradura, Mexico
       (7)                                    105,700    0.022   2,290
      --------------------                    -------    -----   -----
    TOTAL NORTH AMERICA                       840,200    0.040  33,490
    -------------------                       -------    -----  ------
    SOUTH AMERICA
      Conga, Peru(8)                          317,200    0.019   6,080
      Yanacocha Open Pits(9)                  142,300    0.031   4,440
      Yanacocha In-
       Process(5)                              21,300    0.025     540
                Total Yanacocha, Peru         163,600    0.030   4,980
      La Zanja, Peru(10)                       20,600    0.017     340
    ------------------                         ------    -----     ---
    TOTAL SOUTH AMERICA                       501,400    0.023  11,400
    -------------------                       -------    -----  ------
    Asia Pacific
      Batu Hijau Open
       Pit(11)                                293,400    0.011   3,120
      Batu Hijau
       Stockpiles(6)(11)                      170,700    0.004     610
                Total Batu Hijau, Indonesia   464,100    0.008   3,730
      Boddington, Western
       Australia                            1,067,800    0.019  20,300
      Duketon, Western
       Australia (12)                           6,300    0.055     350
      Jundee, Western
       Australia                                4,700    0.160     760
      Kalgoorlie Open Pit
       and Underground                         55,700    0.059   3,300
      Kalgoorlie
       Stockpiles(6)                           15,100    0.031     470
                 Total Kalgoorlie, Western
                 Australia                     70,800    0.053   3,770
      Tanami, Northern
       Territories                             14,300    0.142   2,040
      Waihi, New Zealand                        4,200    0.110     460
      ------------------                        -----    -----     ---
    TOTAL ASIA PACIFIC                      1,632,200    0.019  31,410
    ------------------                      ---------    -----  ------
    Africa
      Ahafo Open Pits(13)                     148,300    0.064   9,540
      Ahafo Stockpiles(6)                      14,100    0.033     460
                Total Ahafo, Ghana            162,400    0.062  10,000
      Akyem, Ghana(14)                        137,900    0.052   7,200
    ----------------                          -------    -----   -----
    TOTAL AFRICA                              300,300    0.057  17,200
    ------------                              -------    -----  ------
    TOTAL NEWMONT
     WORLDWIDE                              3,274,100    0.029  93,500
    -------------                           ---------    -----  ------


                                          December 31, 2010
                                          -----------------
                                             Metallurgical
    Deposits/Districts by Reporting Unit       Recovery
                                            --------------

    North America
      Carlin Open Pits, Nevada(2)                       75%
      Carlin Underground, Nevada                        88%
      Midas, Nevada(3)                                95%
      Phoenix, Nevada                                 73%
      Twin Creeks, Nevada                             79%
      Turquoise Ridge, Nevada(4)                      92%
      Nevada In-Process(5)                            62%
      Nevada Stockpiles(6)                            78%
                Total Nevada                          78%
      La Herradura, Mexico (7)                        66%
    ------------------------                         ---
    TOTAL NORTH AMERICA                               77%
    -------------------                              ---
    SOUTH AMERICA
      Conga, Peru(8)                                  79%
      Yanacocha Open Pits(9)                          70%
      Yanacocha In-Process(5)                         74%
                Total Yanacocha, Peru                 71%
      La Zanja, Peru(10)                              66%
    ------------------                               ---
    TOTAL SOUTH AMERICA                               75%
    -------------------                              ---
    Asia Pacific
      Batu Hijau Open Pit(11)                         78%
      Batu Hijau Stockpiles(6)(11)                    69%
                Total Batu Hijau, Indonesia           76%
      Boddington, Western Australia                   82%
      Duketon, Western Australia (12)                 94%
      Jundee, Western Australia                       91%
      Kalgoorlie Open Pit and Underground             85%
      Kalgoorlie Stockpiles(6)                        78%
                 Total Kalgoorlie, Western
                 Australia                            84%
      Tanami, Northern Territories                    95%
      Waihi, New Zealand                              89%
      ------------------                             ---
    TOTAL ASIA PACIFIC                                83%
    ------------------                               ---
    Africa
      Ahafo Open Pits(13)                             87%
      Ahafo Stockpiles(6)                             86%
                Total Ahafo, Ghana                    87%
      Akyem, Ghana(14)                                88%
    ----------------                                 ---
    TOTAL AFRICA                                      88%
    ------------                                     ---
    TOTAL NEWMONT WORLDWIDE                           81%
    -----------------------                          ---


                                                 December 31, 2009
                                                 -----------------
    Deposits/Districts
     by Reporting Unit                       Proven + Probable Reserves
                                             --------------------------
                                             Tonnage      Grade    Gold
                                                           (oz/    (000
                                               (000 tons) ton) ozs)
                                             ----------   -----   -----
    North America
      Carlin Open Pits,
       Nevada(2)                              259,300    0.044  11,400
      Carlin Underground,
       Nevada                                   9,700    0.311   2,990
      Midas, Nevada(3)                            700    0.425     300
      Phoenix, Nevada                         285,000    0.020   5,670
      Twin Creeks, Nevada                      50,200    0.077   3,850
      Turquoise Ridge,
       Nevada(4)                                2,600    0.507   1,360
      Nevada In-Process(5)                     33,800    0.021     730
      Nevada Stockpiles(6)                     29,500    0.075   2,210
                Total Nevada                  670,800    0.042  28,510
      La Herradura, Mexico
       (7)                                     93,200    0.019   1,780
      --------------------                     ------    -----   -----
    TOTAL NORTH AMERICA                       764,000    0.040  30,290
    -------------------                       -------    -----  ------
    SOUTH AMERICA
      Conga, Peru(8)                          317,200    0.019   6,080
      Yanacocha Open
       Pits(9)                                131,500    0.036   4,750
      Yanacocha In-
       Process(5)                              26,400    0.025     660
                Total Yanacocha, Peru         157,900    0.034   5,410
      La Zanja, Peru(10)                       18,800    0.018     340
    ------------------                         ------    -----     ---
    TOTAL SOUTH AMERICA                       493,900    0.024  11,830
    -------------------                       -------    -----  ------
    Asia Pacific
      Batu Hijau Open
       Pit(11)                                368,800    0.010   3,780
      Batu Hijau
       Stockpiles(6)(11)                      193,800    0.004     720
                Total Batu Hijau, Indonesia   562,600    0.008   4,500
      Boddington, Western
       Australia                              966,400    0.022  20,960
      Duketon, Western
       Australia (12)                               0                0
      Jundee, Western
       Australia                                7,400    0.159   1,170
      Kalgoorlie Open Pit
       and Underground                         60,800    0.062   3,750
      Kalgoorlie
       Stockpiles(6)                           14,300    0.031     440
                 Total Kalgoorlie, Western
                 Australia                     75,100    0.056   4,190
      Tanami, Northern
       Territories                             13,100    0.125   1,640
      Waihi, New Zealand                        4,000    0.101     410
      ------------------                        -----    -----     ---
    TOTAL ASIA PACIFIC                      1,628,600    0.020  32,870
    ------------------                      ---------    -----  ------
    Africa
      Ahafo Open Pits(13)                     128,700    0.068   8,810
      Ahafo Stockpiles(6)                       9,300    0.034     320
                Total Ahafo, Ghana            138,000    0.066   9,130
      Akyem, Ghana(14)                        147,200    0.052   7,660
    ----------------                          -------    -----   -----
    TOTAL AFRICA                              285,200    0.059  16,790
    ------------                              -------    -----  ------
    TOTAL NEWMONT
     WORLDWIDE                              3,171,700    0.029  91,780
    -------------                           ---------    -----  ------

         Reserves are calculated at a gold price of US$950, A$1100, or
         NZ$1,350 per ounce unless otherwise noted. 2009 reserves were
         calculated at a gold price of  US$800, A$1000, or NZ$1,200  per
         ounce unless otherwise noted.  Tonnage amounts have been rounded to
         the nearest 100,000 unless they are less than 50,000, and gold
         ounces have been rounded to the nearest 10,000.
    (2)  Includes undeveloped reserves at the Emigrant deposits for combined
         total undeveloped reserves of 1.2 million ounces.
    (3)  Also contains reserves of 2.8 million ounces of silver with a
         metallurgical recovery of 88%.
    (4)  Reserve estimates provided by Barrick, the operator of the Turquoise
         Ridge Joint Venture.
    (5)  In-process material is the material on leach pads at the end of each
         year from which gold remains to be recovered.  In-process material
         reserves are reported separately where tonnage or contained ounces
         are greater than 5% of the total site-reported reserves and
         contained ounces are greater than 100,000.
    (6)  Stockpiles are comprised primarily of material that has been set
         aside to allow processing of higher grade material in the mills.
         Stockpiles increase or decrease depending on current mine plans.
         Stockpile reserves are reported separately where tonnage or
         contained ounces are greater than 5% of the total site-reported
         reserves and contained ounces are greater than 100,000.
    (7)  Includes undeveloped reserves at Noche Buena totaling 0.3 million
         attributable ounces.
    (8)  Deposit is currently undeveloped.
    (9)  Reserves include the currently undeveloped deposit at La Quinua Sur,
         which contains reserves of 0.8 million attributable ounces.
    (10) Reserves estimates were provided by Buenaventura, the operator of the
         La Zanja project.
    (11) Percentage reflects Newmont's economic interest at December 31, 2010.
         In April 2010 our economic interest decreased from 52.44% to 48.50%
         as a result of the divestiture required under the Contract of Work
    (12) Reserve estimates provided by Regis Resources Ltd, in which Newmont
         holds a 16.2% interest.
    (13) Includes undeveloped reserves at Yamfo South, Yamfo Central, Techire
         West, Subenso South, Subenso North, Yamfo Northeast, and Susuan
         totaling 3.2 million ounces.
    (14) Deposit is undeveloped.


     Attributable Gold Mineralized Material Not in Reserves(1)(2)


                       December 31, 2010
                       -----------------
    Deposits/Districts
                                         Newmont
                                          Share

    North America
      Buffalo Valley, Nevada                   80%
      Carlin Trend Open Pit, Nevada           100%
      Carlin Trend Underground, Nevada        100%
      Lone Tree Complex, Nevada             100%
      Midas, Nevada                         100%
      Phoenix, Nevada                       100%
      Twin Creeks, Nevada                   100%
      Turquoise Ridge (3), Nevada            25%
      Nevada Stockpiles (4), Nevada         100%
                 Total Nevada
      La Herradura, Mexico                   44%
    --------------------                    ---
    TOTAL NORTH AMERICA
    -------------------
    SOUTH AMERICA
      Conga, Peru                         51.35%
      Yanacocha, Peru                     51.35%
      Merian, Suriname                       50%
      La Zanja(5), Peru                   46.94%
      -----------------                   -----
    TOTAL SOUTH AMERICA
    -------------------
    ASIA PACIFIC
      Batu Hijau (6), Indonesia           48.50%
      Boddington, Western Australia         100%
      Jundee, Western Australia             100%
      Kalgoorlie, Western Australia          50%
      Tanami, Northern Territory            100%
      Waihi, New Zealand                    100%
      ------------------                    ---
    TOTAL ASIA PACIFIC
    ------------------
    AFRICA
      Ahafo, Ghana                          100%
      Akyem, Ghana                          100%
      ------------                          ---
    TOTAL AFRICA
    ------------
    TOTAL NEWMONT WORLDWIDE
    -----------------------


                       December 31, 2010
                       -----------------
                                               Measured
    Deposits/Districts                         Material
                                                --------
                                         Tonnage   Grade
                                            (000    (oz/
                                           tons)    ton)
                                           -----   -----
    North America
      Buffalo Valley, Nevada                    0
      Carlin Trend Open Pit, Nevada      12,900   0.024
      Carlin Trend Underground, Nevada    3,700   0.283
      Lone Tree Complex, Nevada               0
      Midas, Nevada                          20   0.152
      Phoenix, Nevada                         0   0.000
      Twin Creeks, Nevada                 3,300   0.060
      Turquoise Ridge (3), Nevada           300   0.422
      Nevada Stockpiles (4), Nevada       1,100   0.077
                 Total Nevada            21,320   0.083
      La Herradura, Mexico                8,500   0.018
    --------------------                  -----   -----
    TOTAL NORTH AMERICA                  29,820   0.065
    -------------------                  ------   -----
    SOUTH AMERICA
      Conga, Peru                             0
      Yanacocha, Peru                     4,300   0.012
      Merian, Suriname                        0
      La Zanja(5), Peru                     200
      -----------------                     ---
    TOTAL SOUTH AMERICA                   4,500   0.012
    -------------------                   -----   -----
    ASIA PACIFIC
      Batu Hijau (6), Indonesia          23,800   0.017
      Boddington, Western Australia      39,300   0.014
      Jundee, Western Australia               0
      Kalgoorlie, Western Australia       1,900   0.064
      Tanami, Northern Territory              0
      Waihi, New Zealand                      0
      ------------------                    ---
    TOTAL ASIA PACIFIC                   65,000   0.016
    ------------------                   ------   -----
    AFRICA
      Ahafo, Ghana                            0
      Akyem, Ghana                            0
      ------------                          ---
    TOTAL AFRICA                              0
    ------------                            ---
    TOTAL NEWMONT WORLDWIDE              99,320   0.031
    -----------------------              ------   -----


                       December 31, 2010
                       -----------------
                                               Indicated
    Deposits/Districts                         Material
                                              ----------
                                           Tonnage    Grade
                                              (000     (oz/
                                             tons)     ton)
                                             -----    -----
    North America
      Buffalo Valley, Nevada                  18,300   0.020
      Carlin Trend Open Pit, Nevada         78,900   0.019
      Carlin Trend Underground, Nevada         500   0.330
      Lone Tree Complex, Nevada              4,200   0.022
      Midas, Nevada                            100   0.172
      Phoenix, Nevada                      150,900   0.013
      Twin Creeks, Nevada                   34,600   0.037
      Turquoise Ridge (3), Nevada              400   0.392
      Nevada Stockpiles (4), Nevada
                 Total Nevada              287,900   0.019
      La Herradura, Mexico                  27,600   0.007
    --------------------                    ------   -----
    TOTAL NORTH AMERICA                    315,500   0.018
    -------------------                    -------   -----
    SOUTH AMERICA
      Conga, Peru                           58,000   0.013
      Yanacocha, Peru                      120,400   0.021
      Merian, Suriname                      28,900   0.039
      La Zanja(5), Peru                        200   0.000
      -----------------                        ---   -----
    TOTAL SOUTH AMERICA                    207,500   0.016
    -------------------                    -------   -----
    ASIA PACIFIC
      Batu Hijau (6), Indonesia            130,500   0.007
      Boddington, Western Australia        420,500   0.013
      Jundee, Western Australia              1,000   0.178
      Kalgoorlie, Western Australia         45,000   0.023
      Tanami, Northern Territory               900   0.067
      Waihi, New Zealand                         0
      ------------------                       ---
    TOTAL ASIA PACIFIC                     597,900   0.013
    ------------------                     -------   -----
    AFRICA
      Ahafo, Ghana                          81,000   0.042
      Akyem, Ghana                          14,900   0.019
      ------------                          ------   -----
    TOTAL AFRICA                            95,900   0.038
    ------------                            ------   -----
    TOTAL NEWMONT WORLDWIDE              1,216,800   0.018
    -----------------------              ---------   -----


                       December 31, 2010
                       -----------------
                                               Measured +
                                               Indicated
    Deposits/Districts                         Material
                                              -----------
                                           Tonnage    Grade
                                              (000     (oz/
                                             tons)     ton)
                                             -----    -----
    North America
      Buffalo Valley, Nevada                18,300   0.020
      Carlin Trend Open Pit, Nevada         91,800   0.020
      Carlin Trend Underground, Nevada       4,200    0.29
      Lone Tree Complex, Nevada              4,200   0.022
      Midas, Nevada                            120   0.167
      Phoenix, Nevada                      150,900   0.013
      Twin Creeks, Nevada                   37,900   0.039
      Turquoise Ridge (3), Nevada              700   0.406
      Nevada Stockpiles (4), Nevada          1,100   0.077
                 Total Nevada              309,220   0.024
      La Herradura, Mexico                  36,100   0.010
    --------------------                    ------   -----
    TOTAL NORTH AMERICA                    345,320   0.022
    -------------------                    -------   -----
    SOUTH AMERICA
      Conga, Peru                           58,000   0.013
      Yanacocha, Peru                      124,700   0.021
      Merian, Suriname                      28,900   0.039
      La Zanja(5), Peru                        400   0.000
      -----------------                        ---   -----
    TOTAL SOUTH AMERICA                    212,000   0.016
    -------------------                    -------   -----
    ASIA PACIFIC
      Batu Hijau (6), Indonesia            154,300   0.008
      Boddington, Western Australia        459,800   0.013
      Jundee, Western Australia              1,000   0.178
      Kalgoorlie, Western Australia         46,862   0.025
      Tanami, Northern Territory               900   0.067
      Waihi, New Zealand                         0
      ------------------                       ---
    TOTAL ASIA PACIFIC                     662,862   0.013
    ------------------                     -------   -----
    AFRICA
      Ahafo, Ghana                          81,000   0.042
      Akyem, Ghana                          14,900   0.019
      ------------                          ------   -----
    TOTAL AFRICA                            95,900   0.038
    ------------                            ------   -----
    TOTAL NEWMONT WORLDWIDE              1,316,082   0.019
    -----------------------              ---------   -----


                       December 31, 2010
                       -----------------
                                                Inferred
    Deposits/Districts                           Material
                                                --------
                                          Tonnage   Grade
                                             (000    (oz/
                                            tons)    ton)
                                            -----   -----
    North America
      Buffalo Valley, Nevada                   900   0.017
      Carlin Trend Open Pit, Nevada       22,100   0.024
      Carlin Trend Underground, Nevada     1,300   0.345
      Lone Tree Complex, Nevada                0
      Midas, Nevada                            0   0.214
      Phoenix, Nevada                     54,300   0.015
      Twin Creeks, Nevada                 12,000   0.019
      Turquoise Ridge (3), Nevada          1,200   0.494
      Nevada Stockpiles (4), Nevada        2,300   0.043
                 Total Nevada             94,100   0.029
      La Herradura, Mexico                20,900   0.014
    --------------------                  ------   -----
    TOTAL NORTH AMERICA                  115,000   0.026
    -------------------                  -------   -----
    SOUTH AMERICA
      Conga, Peru                         79,000   0.011
      Yanacocha, Peru                     23,000   0.018
      Merian, Suriname                    18,400   0.036
      La Zanja(5), Peru                    3,800   0.014
      -----------------                    -----   -----
    TOTAL SOUTH AMERICA                  124,200   0.011
    -------------------                  -------   -----
    ASIA PACIFIC
      Batu Hijau (6), Indonesia           47,700   0.002
      Boddington, Western Australia      160,200   0.014
      Jundee, Western Australia            3,600   0.077
      Kalgoorlie, Western Australia        1,100   0.146
      Tanami, Northern Territory          10,300   0.170
      Waihi, New Zealand                     300   0.140
      ------------------                     ---   -----
    TOTAL ASIA PACIFIC                   223,200   0.021
    ------------------                   -------   -----
    AFRICA
      Ahafo, Ghana                        39,900   0.084
      Akyem, Ghana                         1,900   0.032
      ------------                         -----   -----
    TOTAL AFRICA                          41,800   0.082
    ------------                          ------   -----
    TOTAL NEWMONT WORLDWIDE              504,200   0.026
    -----------------------              -------   -----


     (1) Mineralized material is reported exclusive of reserves.
     (2) Mineralized Material calculated at a gold price of US$950, A$1,200,
         or NZ$1,400 per ounce unless otherwise noted.  2009 Mineralized
         material was calculated at a gold price of US$850, A$1,000, or
         NZ$1,175 per ounce. Tonnage amounts have been rounded to the nearest
         100,000.
     (3) Mineralized material estimates were provided by Barrick, the operator
         of the Turquoise Ridge Joint Venture.
     (4) Stockpiles are comprised primarily of material that has been set
         aside to allow processing of higher grade material in the mills.
         Stockpiles increase or decrease depending on current mine plans.
     (5) Mineralized material estimates were provided by Buenaventura, the
         operator of the La Zanja Project.
     (6) Percentage reflects Newmont's economic interest at December 31, 2009.
          In November and December 2009 our
         economic interest increased from 45% to 52.44% as a result of
         transactions with a noncontrolling partner, partially
         offset by divestiture required under the Contract of Work.


     Attributable Copper Reserves(1)
            December 31, 2010


           Deposits/Districts              Newmont Share

    North America
           Phoenix, Nevada                            100%
            Phoenix Copper Leach, Nevada
             (2)                                      100%
           -----------------------------              ---
    TOTAL NORTH AMERICA
    -------------------
    South America
           Conga, Peru(3)                           51.35%
           --------------                           -----
    TOTAL SOUTH AMERICA
    -------------------
    Asia Pacific
           Batu Hijau(3)                            48.50%
           Batu Hijau, Stockpiles(3)(4)             48.50%
           Batu Hijau, Indonesia                    48.50%
            Boddington, Western Australia
             (5)                                   100.00%
           ------------------------------          ------
    TOTAL ASIA PACIFIC
    ------------------
    TOTAL NEWMONT WORLDWIDE
    -----------------------


                                                     Proven Reserves
                                                     ---------------
           Deposits/Districts             Tonnage   Grade        Copper
                                                                  (million
                                            (000 tons) (Cu%)      pounds)
                                          ----------  -----      ---------
    North
     America
           Phoenix, Nevada                       0                        0
            Phoenix Copper Leach, Nevada
             (2)                                 0                        0
           -----------------------------       ---                      ---
    TOTAL
     NORTH
     AMERICA                                     0                        0
    --------                                   ---                      ---
    South
     America
           Conga, Peru(3)                        0                        0
           --------------                      ---                      ---
    TOTAL
     SOUTH
     AMERICA                                     0                        0
    --------                                   ---                      ---
    Asia
     Pacific
           Batu Hijau(3)                   168,800    0.50%           1,700
           Batu Hijau, Stockpiles(3)(4)          0                        0
           Batu Hijau, Indonesia           168,800    0.50%           1,700
            Boddington, Western Australia
             (5)                           181,900    0.10%             380
           ------------------------------  -------    ----              ---
    TOTAL ASIA
     PACIFIC                               350,700    0.30%           2,080
    ----------                             -------    ----            -----
    TOTAL
     NEWMONT
     WORLDWIDE                             350,700    0.30%           2,080
    ----------                             -------    ----            -----


                                                     Probable Reserves
                                                     -----------------
           Deposits/Districts              Tonnage   Grade        Copper
                                                                   (million
                                             (000 tons) (Cu%)      pounds)
                                           ----------  -----      ---------
    North
     America
           Phoenix, Nevada                  332,600    0.15%           1,030
            Phoenix Copper Leach, Nevada
             (2)                            132,900    0.23%             610
           -----------------------------    -------    ----              ---
    TOTAL
     NORTH
     AMERICA                                465,500    0.18%           1,640
    --------                                -------    ----            -----
    South
     America
           Conga, Peru(3)                   317,200    0.26%           1,660
           --------------                   -------    ----            -----
    TOTAL
     SOUTH
     AMERICA                                317,200    0.26%           1,660
    --------                                -------    ----            -----
    Asia
     Pacific
           Batu Hijau(3)                    124,600    0.34%             860
           Batu Hijau, Stockpiles(3)(4)     170,700    0.35%           1,200
           Batu Hijau, Indonesia            295,300    0.35%           2,060
            Boddington, Western Australia
             (5)                            885,900    0.11%           1,980
           ------------------------------   -------    ----            -----
    TOTAL
     ASIA
     PACIFIC                              1,181,200    0.17%           4,040
    --------                              ---------    ----            -----
    TOTAL
     NEWMONT
     WORLDWIDE                            1,963,900    0.19%           7,340
    ----------                            ---------    ----            -----


                                                Proven + Probable Reserves
                                                --------------------------
           Deposits/Districts              Tonnage   Grade       Copper
                                                                   (million
                                            (000 tons) (Cu%)       pounds)
                                           ----------  -----      ---------
    North
     America
           Phoenix, Nevada                  332,600    0.15%          1,030
            Phoenix Copper Leach, Nevada
             (2)                            132,900    0.23%            610
           -----------------------------    -------    ----             ---
    TOTAL
     NORTH
     AMERICA                                465,500    0.18%          1,640
    --------                                -------    ----           -----
    South
     America
           Conga, Peru(3)                   317,200    0.26%          1,660
           --------------                   -------    ----           -----
    TOTAL
     SOUTH
     AMERICA                                317,200    0.26%          1,660
    --------                                -------    ----           -----
    Asia
     Pacific
           Batu Hijau(3)                    293,400    0.44%          2,560
           Batu Hijau, Stockpiles(3)(4)     170,700    0.35%          1,200
           Batu Hijau, Indonesia            464,100    0.40%          3,760
            Boddington, Western Australia
             (5)                          1,067,800    0.11%          2,360
           ------------------------------ ---------    ----           -----
    TOTAL
     ASIA
     PACIFIC                              1,531,900    0.20%          6,120
    --------                              ---------    ----           -----
    TOTAL
     NEWMONT
     WORLDWIDE                            2,314,600    0.20%          9,420
    ----------                            ---------    ----           -----


                                          December 31, 2009
                                                -----------------

                             Deposits/
                             Districts          Metallurgical
                                 Recovery
                                 --------
    North America
                            Phoenix, Nevada                61%
                             Phoenix Copper
                             Leach, Nevada
                              (2)                          53%
                            ---------------               ---
    TOTAL NORTH AMERICA                                   58%
    -------------------                   ---
    South America
                            Conga, Peru(3)                 85%
                            --------------                ---
    TOTAL SOUTH AMERICA                                    85%
    -------------------                   ---
    Asia Pacific
                            Batu Hijau(3)                  80%
                             Batu Hijau,
                             Stockpiles(3)(4)              66%
                             Batu Hijau,
                             Indonesia                     76%
                             Boddington,
                             Western
                             Australia (5)                 84%
                             -------------                ---
    TOTAL ASIA PACIFIC                                       79%
    ------------------                    ---
    TOTAL NEWMONT
     WORLDWIDE                                              76%
    -------------                         ---


                                             December
                                             31, 2009
                                               --------
                                   Proven + Probable Reserve
                                   -------------------------
            Deposits/
            Districts          Tonnage   Grade       Copper
                                 (000                (million
                                tons)   (Cu%)      pounds)
                                -----    -----      ---------
    North
     America
            Phoenix,
            Nevada              287,500    0.16%            900
            Phoenix
            Copper
            Leach,
            Nevada
             (2)                      0                0
            --------                ---                     ---
    TOTAL NORTH
     AMERICA                    287,500    0.16%            900
    -----------                 -------    ----             ---
    South
     America
            Conga,
            Peru(3)             317,200    0.26%          1,660
            -------             -------    ----           -----
    TOTAL SOUTH
     AMERICA                    317,200    0.26%          1,660
    -----------                 -------    ----           -----
    Asia
     Pacific
            Batu
            Hijau(3)            368,800    0.42%          3,130
            Batu
            Hijau,
            Stockpiles(3)(4)    193,800    0.36%          1,390
            Batu
            Hijau,
            Indonesia           562,600    0.40%          4,520
            Boddington,
            Western
            Australia
             (5)                966,400    0.11%          2,040
            ------------        -------    ----           -----
    TOTAL ASIA
     PACIFIC                  1,529,000    0.21%          6,560
    ----------                ---------    ----           -----
    TOTAL
     NEWMONT
     WORLDWIDE                2,133,700    0.21%          9,120
    ----------                ---------    ----           -----


     (1) Reserves are calculated at US$2.50 or A$2.95 per pound copper price
         unless otherwise noted.  2009 reserves were calculated at US$2.00 or
         A$2.40 per pound copper price unless otherwise noted.  Tonnage
         amounts have been rounded to the nearest 100,000 and pounds have
         been rounded to the nearest 10 million.
     (2) Project is undeveloped.  Leach reserves are within Phoenix Reserve
         Pit.
     (3) Deposit is undeveloped. Reserve estimates will be recalculated in
         2011 upon completion of Feasibility Study Update.
     (4) Percentage reflects Newmont's economic interest at December 31, 2010.
          In April 2010 our economic interest decreased from 52.44% to 48.50%
          as a result of the divestiture required under the Contract of Work.
     (5) Stockpiles are comprised primarily of material that has been set
         aside to allow processing of higher grade material.  Stockpiles
         increase or decrease depending on current mine plans.  Stockpiles
         are reported separately where tonnage or contained metal are greater
         than 5% of the total site reported reserves.
     (6) Newmont acquired the remaining 33.33% of Boddington from AngloGold in
         June 2009.

     Attributable Copper Mineralized Material Not in Reserves(1)(2)

                            December 31, 2010
                            -----------------
    Deposits/Districts                                Measured Material
                                                      -----------------
                                        Newmont
                                         Share       Tonnage     Grade
                                                   (000 tons)    (Cu%)
                                                   ----------    -----
    NORTH AMERICA
      Phoenix, Nevada                         100%           0     0.00%
      Phoenix Copper Leach, Nevada            100%           0     0.00%
      ----------------------------            ---          ---     ----
    TOTAL NORTH AMERICA
    -------------------
    SOUTH AMERICA
      Conga, Peru                           51.35%           0     0.00%
      -----------                           -----          ---     ----
    TOTAL SOUTH AMERICA
    -------------------
    ASIA PACIFIC
      Batu Hijau, Indonesia(3)              48.50%      23,800     0.42%
      Boddington, Western Australia        100.00%      39,300     0.07%
      -----------------------------        ------       ------     ----
    TOTAL ASIA PACIFIC                                  63,100     0.21%
    ------------------                                  ------     ----
    TOTAL NEWMONT WORLDWIDE                             63,100     0.21%
    -----------------------                             ------     ----


    Deposits/Districts                 Indicated Material
                                       ------------------
                                       Tonnage     Grade
                                     (000 tons)    (Cu%)
                                     ----------    -----
    NORTH AMERICA
      Phoenix, Nevada                    150,900     0.13%
      Phoenix Copper Leach, Nevada        25,900     0.19%
      ----------------------------        ------     ----
    TOTAL NORTH AMERICA                  176,800     0.14%
    -------------------                  -------     ----
    SOUTH AMERICA
      Conga, Peru                         58,000     0.18%
      -----------                         ------     ----
    TOTAL SOUTH AMERICA                   58,000     0.18%
    -------------------                   ------     ----
    ASIA PACIFIC
      Batu Hijau, Indonesia(3)           130,500     0.32%
      Boddington, Western Australia      420,500     0.09%
      -----------------------------      -------     ----
    TOTAL ASIA PACIFIC                   551,000     0.14%
    ------------------                   -------     ----
    TOTAL NEWMONT WORLDWIDE              785,800     0.14%
    -----------------------              -------     ----


                                            Measured +
                                            Indicated
    Deposits/Districts                       Material
                                              ----------
                                       Tonnage     Grade
                                     (000 tons)    (Cu%)
                                     ----------    -----
    NORTH AMERICA
      Phoenix, Nevada                    150,900     0.13%
      Phoenix Copper Leach, Nevada        25,900     0.19%
      ----------------------------        ------     ----
    TOTAL NORTH AMERICA                  176,800     0.14%
    -------------------                  -------     ----
    SOUTH AMERICA
      Conga, Peru                         58,000     0.18%
      -----------                         ------     ----
    TOTAL SOUTH AMERICA                   58,000     0.18%
    -------------------                   ------     ----
    ASIA PACIFIC
      Batu Hijau, Indonesia(3)           154,300     0.34%
      Boddington, Western Australia      459,800     0.08%
      -----------------------------      -------     ----
    TOTAL ASIA PACIFIC                   614,100     0.15%
    ------------------                   -------     ----
    TOTAL NEWMONT WORLDWIDE              848,900     0.15%
    -----------------------              -------     ----


    Deposits/Districts                 Inferred Material
                                       -----------------
                                       Tonnage    Grade
                                     (000 tons)   (Cu%)
                                     ----------   -----
    NORTH AMERICA
      Phoenix, Nevada                     56,600    0.12%
      Phoenix Copper Leach, Nevada        45,900    0.22%
      ----------------------------        ------    ----
    TOTAL NORTH AMERICA                  102,500    0.17%
    -------------------                  -------    ----
    SOUTH AMERICA
      Conga, Peru                         79,000    0.17%
      -----------                         ------    ----
    TOTAL SOUTH AMERICA                   79,000    0.17%
    -------------------                   ------    ----
    ASIA PACIFIC
      Batu Hijau, Indonesia(3)            47,700    0.26%
      Boddington, Western Australia      160,200    0.11%
      -----------------------------      -------    ----
    TOTAL ASIA PACIFIC                   207,900    0.14%
    ------------------                   -------    ----
    TOTAL NEWMONT WORLDWIDE              389,400    0.15%
    -----------------------              -------    ----

     (1) Mineralized material is reported exclusive of reserves.
     (2) Mineralized material calculated at a copper price of US$3.00 or
         A$3.50 per pound unless otherwise noted.  2009 mineralized material
         was calculated at a copper price of US$2.50 or A$3.00 per pound.
         Tonnage amounts have been rounded to the nearest 100,000.
     (3) Percentage reflects Newmont's economic interest at December 31, 2010.
          In April 2010 our economic interest decreased from 52.44% to 48.50%
          as a result of the divestiture required under the Contract of Work.

To view more detailed financial disclosure, including regional mine statistics, Results of Consolidated Operations, Liquidity and Capital Resources, Management’s Discussion & Analysis, relevant Risk Factors, and a complete outline of the 2010 Operating and Financial guidance by region, please see the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 24, 2011, available at www.newmont.com.

The Company’s fourth quarter and 2010 earnings and exploration update conference call and web cast presentation will be held on Thursday, February 24, 2011 beginning at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time).

To participate:


    Dial-In Number             888.566.1822
    Intl Dial-In Number        312.470.7119
    Leader                     John Seaberg
    Passcode                   Newmont
    Replay Number              800.879.5507
    Intl Replay Number         203.369.3989
    Replay Passcode                     2011

The conference call also will be simultaneously carried on our web site at www.newmont.com under Investor Relations/Presentations and will be archived there for a limited time.

Cautionary Statement:

Cautionary statement regarding forward-looking statements: This news 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. Forward-looking statements in this news release include, without limitation: (i) 2011 budget estimates, including estimates of future expenditures; (ii) statements regarding future exploration potential, results, Reserves and non-reserve mineralization (NRM); (iii) expectations regarding the ability to enter into future mineral agreements; and (iv) expectations regarding future drilling and testing. 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 early stage and other 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; (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 NRM 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 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 in the countries in which we operate, and governmental regulation. For additional information regarding key risk factors and assumptions, please see Newmont’s most recent Annual Report on Form 10-K and 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.

Defined terms and statement regarding Reserves and NRM: Ian Douglas, Newmont’s Group Executive of Reserves and Geostatistics, is the qualified person responsible for the preparation of the Reserve and NRM estimates in this presentation. The Reserves disclosed in this presentation have been prepared in compliance with Industry Guide 7 published by the SEC. As used in this news release, the term “Reserve” means that part of a mineral deposit that can be economically and legally extracted or produced at the time of the reserve determination. The term “economically,” as used in this definition, means that profitable extraction or production has been established or analytically demonstrated in a full feasibility study to be viable and justifiable under reasonable investment and market assumptions. The term “legally,” as used in this definition, does not imply that all permits needed for mining and processing have been obtained or that other legal issues have been completely resolved. However, for a reserve to exist, Newmont must have a justifiable expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues necessary for mining and processing at a particular deposit will be accomplished in the ordinary course and in a timeframe consistent with Newmont’s current mine plans. Reserves in this news release may be aggregated from the Proven and Probable classes. As used in this news release, the term “non-reserve mineralization” or “NRM” refers to Measured, Indicated and/or Inferred materials, which are exclusive of reserves. Newmont has determined that such NRM would be substantively the same as those prepared using the Guidelines established by the Society of Mining, Metallurgy and Exploration and defined as Resources. Estimates of NRM are subject to further exploration and development, are subject to additional risks, and no assurance can be given that they will eventually convert to future Mineral Reserves of the company. In addition, our current or future reserves and exploration and development projects may not result in new mineral producing operations. Even if significant mineralization is discovered and converted to reserves, it will likely take many years from the initial phases of exploration to development and ultimately to production, during which time the economic feasibility of production may change. Additionally, references to “attributable ounces,” “attributable pounds” and “attributable mineralization” in this news release are intended to mean that portion of gold or copper produced, sold or included in Proven and Probable Reserves or NRM that is attributable to our ownership or economic interest.

(1) For detailed information on the Company’s year-end attributable Proven and Probable Reserves and Measured, Indicated and Inferred NRM, please refer to the Supplemental Information below and the cautionary statement at the end of this release.

(2) NEM currently 50% owner with option to earn into 80% by completing a Feasibility Study

SOURCE Newmont Mining Corporation


Source: newswire



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