Diggers and Dealers Presentation

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  • Demonstrated expertise to: Explore, Discover, Finance, Develop and Operate mines across the globe4 Main Business Regions:North America - New mineralization trend at Long CanyonSouth AmericaAfrica – Fastest growing region striving towards +1 Moz productionAsia Pacific – One of the largest regions in portfolio with North America~31,000 square miles of prospective district-scale land packages:Brownfield opportunitiesGreenfield opportunities
  • Investor Day – May 2012Message: Stay the course…..Focus on our Plan…..Continue to execute on Base Operations : 20125.0 – 5.1 Moz gold production$625 -$675/oz Consolidated CASRationally investing capital:Profitable economic returns > risk-adjusted cost of capitalMaintain investment grade debt rating + available liquidityExploration Potential:Longer term focus : Replace depletion over the long term from….“Newmont-behind-Newmont” : ~90 Moz available by 2020Evaluating Exploration $ (opportunities that add value, resource nationalism…)Profitable ounces – Not growth without marginReturn of capital to shareholders:Au-price linked dividendProfitable Growth with Disciplined Returns:Constantly reevaluate portfolio (Sustaining + Development projects)Control what projects advance and at what speed? (2011 : “Puts and Takes”)Deliver capital investments that generate positive returnsWith this rigor…..2017 profitable gold production potential of ~6-7 Moz
  • “Profitable Growth with Disciplined Returns”Advance priority projects in our control and manage total costsSelected based on returns balanced with related development risks“Potential Deferred Projects” largely in SAScale and diversity of global portfolio provides flexibility to reprioritize and reallocate capital to maintain focus on our strategic objectives2012 Global = 5.0 – 5.1 Moz gold productionAPAC’s Contribution = 1.73 – 1.80 Moz gold productionAPAC growth spurt in 2009 with Boddington start-upTargeting long term average of ~750,000 oz/yearAPAC 2012 – 2017Maintain 1.75 – 2.0 Moz annual gold productionDecrease of ~400,000 ounces/year offset by….Increase of ~300,000 ounces/year from key areas of…Waihi, Tanami, Jundee
  • Newmont APAC6 Mines, 1 regional office (Perth), 3 Countries (Aus, NZ, Indo), 5 time zonesAustralia : 4 OperationsTanami – Northern Territory Desert (UG)Jundee – Near Wiluna in WA (UG)Boddington – Newest mine (2009) ~130km SE of Perth (OP)“Super Pit” – 50% owner (JV w/Barrick) operated by KCGMNew Zealand (North Island)Waihi - +100 years old, in town of Waihi (OP + UG)Indonesia (Sumbawa – two islands east of Bali)Cu + Au porphyry deposit (OP, town, port, power plant, concentrator)
  • APAC Year End 2011:Produced +1.9 Moz Au in-line with NA as top producing region for Newmont (37% of global ounces)41% of global operating margin32% of Au Reserves62% of Cu Reserves22% of combined Au + Cu NRM2012 APAC Global Contribution:~35% of annual Au production (5.0 – 5.1 Moz)100% of annual reported Cu production (145 -165 Mlbs)By 2017…Profitable growth from Waihi, Tanami and Jundee nearly offsets ~400,000 ounces of production decline from the APAC portfolio
  • Growth contribution from the APAC region of ~300,000 ozOther/ Optimizations and Extensions include:~40,000 oz/yr from Tanami Shaft~100,000 oz/yr from Waihi Golden Link~100,000 oz/yr from BatuHijau Phase 7 layback
  • Tanami Gold Endowment:District produced +8 Moz (~75% from Callie ore body)Long Section of Callie + Auron Ore Bodies2011 YE Reserves – 2.52 Moz2011 YE NRM – 2.2 MozShaft Project:Reduces CAS and leverages existing infrastructure and exploration potential to extend mine lifeApproved by BOD in July 2011First production : targeting late-2014 to early-2015Benefits down-plunge mineralization – likely extensions with depthAuron Up-plunge Exploration Potential:33m @ 9.6 g/t Au20m @ 34.8 g/t AuTargets being drilled nowPotential for shallower ore extensions up-dip near existing decline
  • Oberon: ~40km NW of CalliePositive drilling from Tanami district generative exploration“Callie-Like” mineralization in similar host rocks (creative geologic thinking!)Inherently lower cost ounces than Greenfield or M+A with existing Tanami infrastructureMulti-million ounce inventory potentialOpen in all directionsDeveloping better understanding of scale and economic potential
  • WaihiMost mineral resources and longest projected mine life since Newmont acquired operation in 2002New vein discovery – Correnso (NW-SE orientation – “Old Timers” did not find it!)Large portion of the 700,000 ounce NRMAdvancing Correnso + Martha Deeps evaluation targeting production by ~2016
  • “Super Pit”Another long-lived asset here in Kalgoorlie…50/50 JV with BarrickEnjoy them as a business partner, work shoulder-to-shoulder with them across the globe2011 production of ~800,000 oz, Australia’s leading gold producer!Commitment to the district…steadily increasing exploration budgets since 2010Russell Cole and his leadership team do an excellent job in managing and operating this asset
  • JundeeHigh-grade structurally-controlled deposit – “Geologists are the eyes of the miners”Newmont’s lowest cost mine in Australia (Q2 CAS of xxx/oz)Typically lowest cost of all gold-only mines in Australia Repeatedly extended mine life through exploration success…We expect this to continueRecent discoveries provide opportunities for:Additional UG working faces Full utilization of milling capacityWe continue to aggressively invest in exploration and development to drive extended life at Jundee of ~300k oz per year in production. Note: Mine life ended in 2014 per the 2012BP, 2013BP-V1 reflected a 2016 end and 2013BP-V2 will reflect production through 2017.
  • Current economic interest of 48.5% expected to decline to 44.56%New regulatory requirement for foreign companies to divest 51% expected to have no impact on PTNNTOur CoW stipulates 51% divestiture – nearly completedNo further material developments in regard to the export ban on copper concentrates (DEMR still indicating Jan 2014) or the export tax (DEMR has said it does not apply to us). No developments on “renegotiation of the CoW,” even though the Government says it intends to commence this process2012-2014 lower Cu + Au production from stockpile feed (P6 strip)We are awaiting discussions with the Indonesian Government regarding the recent outcome of the Constitutional Court.In accordance with the CoW, we complied with our obligations to offer the final 7% divestiture shares to the Government of Indonesia. 
  • ~60km east of BatuHijau (same equity split as BatuHijau)Mineral Resources as part of the “Newmont-behind-Newmont”~25 Moz Au @ 0.33 g/t ~16 Blbs Cu @ 0.31% Sustaining production opportunity beyond 2017Restarted drilling and advanced metallurgical work earlier this year4 drills operating nowEarly scoping…could ultimately exceed size of BatuHijau
  • Boddington – “Flagship Asset” (Global + Regional)+5 Moz oxide gold production2011 YE: 19.5 Moz Reserves (20% of global reserves)2 millionth ounce produced this week for Diggers + Dealers!2012: 750k – 775k oz Au production (Strong 2H of year)$800 - $850 CAS/ozResource model performance since June 2011:+/- 5% on Au + Cu grades and tonnes (typically +/- 2.5%)~35 MTPA processing rates achieved by YE 2011Increasing availability of dry crushing/grinding circuitOptimization work (largely conveyors) completed by YE 2012Always a focus to optimize throughput
  • We believe that we have an obligation to share the significant cash flow we are generating with the owners of the Company and that is what we intend to do with our gold price-linked dividend…Back on April 7 at our annual Investor Day, we were proud to announce that shareholders would receive an annual dividend that increased by $0.20 for every $100 increase in our net realized gold price for the trailing quarter. Today, I’m happy to announce further enhancements to that policy…Our new policy takes advantage of the bullish metals price that we see today. Between $1,700 and $1,999/oz gold, shareholders will now receive and increase of $0.30/sh for every $100/oz movement in the gold price. At $2,000, that increase becomes $0.40/sh for each $100/sh increase in gold…clearly, no other company in the gold sector is committed to paying dividends like these…We strongly assert that no other company is as committed to returning capital to shareholders as NEM is. If you’re bullish and gold, are seeking leverage to the metal and desire some sort of additional income stream from your equity holdings, NEM is your company….
  • Diggers and Dealers Presentation

    1. 1. Diggers & Dealers ConferenceJeff Huspeni, Senior Vice President – Asia PacificProfitable Growth with Disciplined ReturnsAugust 6, 2012 Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com
    2. 2. Cautionary Statement Cautionary Statement Regarding Forward Looking Statements, Including 2012 Outlook: This presentation 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 those sections and other applicable laws. Those forward-looking statements include (without limitation) estimates and expectations of, and statements regarding: (i) the Company’s strategy and plans; (ii) future equity gold and equity copper production; (iii) future operating, sales and other costs; (iv) future capital expenditures; (v) project returns; (vi) project start dates, ramp up, life, pipeline timelines, including commencement of mining, drilling and stage gate advancement and expansion opportunities; (vii) potential ounces or tons of reserves, NRM and potential resources; (viii) exploration pipeline, potential or upside, opportunities, growth and growth potential; (ix) dividend payments and increases; (x) future liquidity, cash and balance sheet expectations; and (xi) other financial outlook indicators relation to the Company’s operations and projects. Those forward-looking statements include (without limitation) statements that use forward-looking terminology such as ―may‖, ―will‖, ―expect‖, ―predict‖, ―anticipate‖, ―believe‖, ―continue‖, ―potential‖, ―target‖, ―goal‖, ―opportunity‖, ―outlook‖, or the negative or other variations of those terms or comparable terminology. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Those assumptions include (without limitation): (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company’s projects being consistent with current expectations and mine plans; (iii) political, social and legal developments in any jurisdiction in which the Company conducts business being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar to the U.S. dollar, as well as the other exchange rates being approximately consistent with current levels; (v) certain price assumptions for gold, copper and oil; (vi) prices for key supplies being approximately consistent with current levels and such supplies otherwise being available on bases consistent with the Company’s current expectations; and (vii) the accuracy of our current mineral reserve and mineral resource estimates and exploration information. Where the Company expresses or implies an expectation or belief as to future events or results, that expectation or belief is expressed in good faith and is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed, projected or implied by the ―forward-looking statements‖. Those risks, uncertainties and other factors include (without limitation): (i) gold and other metals price volatility; (ii) currency fluctuations; (iii) increased capital and operating costs, and scarcity of and competition for required labor and supplies; (iv) variances in oregrade or recovery rates from those assumed in mining plans; (v) operating or technical difficulties; (vi) political and operational risks; (vii) community relations, conflict resolution and outcome of projects or oppositions; and (viii) governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see 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. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties. The Company does not undertake any obligation to release publicly revisions to any forward-looking statement 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. In addition, some of the statements in this presentation are based on assumptions or methodologies (such as commodity prices) or subject to cautionary statements that are discussed in the notes found at the end of this presentation.Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 2 8/8/2012
    3. 3. About Newmont  Second largest gold mining company in the world with a 90-year history  Approximately 46,000 employees and contractors worldwide; 15,400 in APAC  Only gold company included in the S&P 500 Index and Fortune 500  First gold company included in the Dow Jones Sustainability World Index and has remained for 5 straight years  BBB+ rating from Standard & Poor’s; Baa1 rating from Moody’s  Recorded record revenue, regular dividends paid to stockholders, and cash from continuing operations in 2011  Traded on the NYSE: NEM Mining operations at Boddington, Western AustraliaNewmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 3 8/8/2012
    4. 4. Global Portfolio Overview Operations & Projects 14 – Open pit mines Operations 16 – UG mines Carlin 15 – Process facilities Leeville 7 – Heap leach pads Midas Projects 2 – Power Plants Phoenix Emigrant Twin Creeks Phoenix Cu Leach Leeville / Turf Expansion Phoenix Mill Expansion Long Canyon La Herradura Nimba Sabajo Ahafo Merian Conga Akyem Batu Hijau Subika Expansion Elang La Zanja Tanami Yanacocha Jundee Tanami Shaft Boddington Operations KCGM Waihi Projects Golden LinkNewmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 4 8/8/2012
    5. 5. Enhancing Value Through Profitable Growth, Disciplined Returnsand Exploration Potential Attributable Basis Profitable  Profitable gold production potential of ~6-7Moz by 20171 Growth Disciplined  Disciplined risk-adjusted returns in excess of the Company’s average cost Returns of capital Exploration  Option to add ~90 Moz Au and ~9 Blb Cu reserves between 2011-20202 Potential Balance Sheet  Access to capital with an investment grade balance sheet and strong Strength operating cash flows to support profitable growth Industry- Leading  Committed to returning capital to shareholders DividendNewmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 5 8/8/2012
    6. 6. Our Current Growth Potential, Adjusted for Delays of our Peruvian Projects, is Between 6 and 7 Million Ounces by 2017 Profitable Growth with Disciplined Returns 8.0 Attributable Production Potential 7.0 ~6-7 Moz4 Attributable 6.0 Production Rescheduled Batu, Jund ~0.4 Akyem Outlook N America Projects ee ~0.2 Subika ~5.0-5.1 Decline S America Ahafo Mill ~0.2 Moz3 (~0.1 Moz) Decline ~0.2 Waihi GL APAC AfricaAu Production (Moz) ~0.2 Other/Ext. 5.0 (~0.5 Moz) Lone Tree Africa Decline APAC ~0.8 Moz ~0.3 Merian ~0.6 Moz (~0.4 Moz) ~0.3 Moz ~0.2 Long Canyon S America ~0.3 NV Exp./Other ~0.3 Moz 4.0 N America ~0.5 Moz APAC ~1.9 Moz 3.0 Base: ~4.1 S America ~0.7 Moz 2.0 1.0 N America ~1.9 Moz 0.0 2012 2017 Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 6 8/8/2012
    7. 7. APAC Portfolio Overview APAC Operations & Projects JAKARTA Batu Hijau Elang Tanami Tanami Shaft Jundee PERTH Boddington KCGM Waihi Operations Golden Link ProjectsNewmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 7 8/8/2012
    8. 8. Asia PacificRegional Overview 2011 Reserves: 31.6 Moz Au and 6.0 Blb Cu Asia Pacific 2011 NRM: 13.7 Moz and 2.3 Blb Cu Boddington Batu Hijau Elang Tanami Tanami Jundee Shaft KCGM Boddington Waihi Golden Link Operations Projects 2012 Outlook3 2017 Potential4 Attributable Gold Production (koz) 1,730 – 1,805 Attributable Gold Production (koz) ~1,700 - 1,800 CAS ($/oz) $800 – $850 Gold Contribution from Projects (koz) ~300 – 400 Attributable Copper Production (Mlb) 145 – 165 Attributable Copper Production (Mlb) ~175 - 185 CAS ($/lb) $1.80 – $2.20 Copper Contribution from Projects (Mlb) ~35 - 45 Attributable Capex ($M) $600 – $700 Attributable Development Capex for Projects ~$800 - $950 ($M)Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 8 8/8/2012
    9. 9. Asia PacificProduction Profile Breakout In Millions of Ounces ~1.8 ~0.2 Other Expansions ~0.1 Waihi Golden Link Waihi Golden Link Base ~1.5 Other Expansions (incl. Tanami Shaft) 2017Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 9 8/8/2012
    10. 10. Tanami ShaftNewmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 10 8/8/2012
    11. 11. Asia PacificOberon Oberon Site Characteristics  A discovery at Tanami with Callie-like mineralization  Exciting new exploration area in district scale land position Initial Indications  Expanding inventory of potential open pit and underground mineralization Reserves and Exploration  Potential: Orogenic gold deposits Update  Multi-million ounce inventory potentialNewmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 11 8/8/2012
    12. 12. Asia PacificWaihi Golden Link – Start Date ~2016 Project Description Project UpdateLeverages existing infrastructure, extends mine  Currently advancing Correnso and Martha life and provides additional exploration upside Deeps evaluations  Target 2H 2012 Martha exploration decline once permits received Profitable Growth Gold: ~100 – 125 koz/yr Disciplined Returns Development Capex: ~$240 – $290M Operating Costs: ~$800 – $900/oz Gold Reserves & NRM 2011 Reserves: None 2011 NRM: 0.7 Moz AuNewmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 12 8/8/2012
    13. 13. KCGM Six Months Ended June 30 2012 Attributable Gold Production (koz) 176 Attributable Reserves (Moz) 4.4 Attributable NRM5 (Moz) .8Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 13 8/8/2012
    14. 14. Asia PacificJundee – Start Date ~2014 Project Description Extensive High-Grade Vein system with potential to extend life of mine Gold Reserves & NRM 2011 Reserve: 0.7 Moz 2011 NRM: 0.4 Moz Project Update New extensions to both the North and South with discovery of Gringotts and extensions to Gateway and Cook areas Potential to increase working faces for additional UG ore feedNewmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 14 8/8/2012
    15. 15. Asia PacificBatu Hijau UpdateNewmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 15 8/8/2012
    16. 16. Asia PacificElang Potential Project Overview Elang Mineral Resources5 Classification Tonnage (Mt) Grade Au (g/t) Grade Cu (%) Contained Contained Metal (koz) Metal (Mlb) Measured — — — — — Indicated 1,430 0.35 0.33 16,060 10,404 Inferred 995 0.29 0.27 9,219 5,922 Notes: 1. Mineral resources are not ore reserves and do not have demonstrated economic viability; 2. Mineral resources are reported to an Au price of US$1,035/oz, and a Cu price of US$2.42/lb; 3. Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to the nearest million tonnes; 4. Ounces or pounds are estimates of metal contained in tonnages and do not include allowances for processing losses. Contained ounces are rounded to the nearest 1,000. Contained copper in pounds is rounded to the nearest million pounds; 5. Cut-off grades utilized based on dollar index revenue: All material with a dollar index above US$4.22/t was reported; 6. Appropriate mining costs, processing costs, metal recoveries, and pit slope angles were used to generate the Lerchs–Grossman shells; and 7. Rounding of tonnes as required by reporting guidelines may result in apparent differences between tonnes, grade and contained metal content. Status:  Information based on 116 core drill holes6  Significantly larger footprint than Batu Hijau  Exploration permit received; September 27, 2010 – February 28, 2030  Potential to significantly extend region’s production of Au and CuNewmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 16 8/8/2012
    17. 17. Asia PacificBoddington MinePerformance Update  Improving plant reliability, with conveyor circuit modifications to be completed in Q4  Running at ~35Mtpa rates since the beginning of 2012  Availability of dry crushing and grinding side of the plant is always a focus Six Months Ended 30 June, 2012 Gold Production (koz) 342 Copper Production (Mlb) 32Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 17 8/8/2012
    18. 18. Newmont: Summary/Conclusion  Potential increase in attributable gold production to 6-7 Moz by 2017  Industry-leading returns on invested capital  Exploration upside as large as current reserve base  Strong balance sheet with significant financial flexibility  Industry-leading dividendNewmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 18 8/8/2012
    19. 19. Appendix Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com
    20. 20. Non-Reserve Mineralization DefinitionsSupplemental Information 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. Investors are encouraged to read the definitions and cautionary statements included herein. As used in this presentation, 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 presentation may be aggregated from the Proven and Probable classes. As used in this presentation, 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 presentation 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. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and mineralized material, as well as a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant factors, please see Newmont’s most recent Annual Report on Form 10-K, filed on February 24, 2012, and other SEC filings.Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 20 8/8/2012
    21. 21. Increased Gold Price-Linked Dividend7Indicative Payout Table Q1’2012 Avg. Realized Gold Price $1,684/ozGold Price $1,100- $1,200- $1,300- $1,400- $1,500- $1,600- $1,700- $1,800- $1,900- $2,000-($/oz) $1,199 $1,299 $1,399 $1,499 $1,599 $1,699 $1,799 $1,899 $1,999 $2,199Dividend perShare ($/qtr) $0.10 $0.15 $0.20 $0.25 $0.30 $0.35 $0.425 $0.50 $0.575 $0.675Dividend perShare ($/yr) $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.70 $2.00 $2.30 $2.70Dividend Yield: 0.7% 1.0% 1.3% 1.7% 2.0% 2.3% 2.8% 3.3% 3.8% 4.5%NEM @ $60/shDividend Yield: 0.6% 0.9% 1.1% 1.4% 1.7% 2.0% 2.4% 2.9% 3.3% 3.9%NEM @ $70/shDividend Yield: 0.5% 0.8% 1.0% 1.3% 1.5% 1.8% 2.1% 2.5% 2.9% 3.4%NEM @ $80/shNewmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 21 8/8/2012
    22. 22. 2012 Outlook82012 Production, CAS and Capital Outlook Attributable Production Consolidated CAS Consolidated Capital Attributable CapitalRegion (Kozs, Mlbs) ($/oz, $/lb) Expenditures ($M) Expenditures ($M)Nevada 1,730 - 1,775 $575 - $625 $750 - $800 $750 - $800 2012 Outlook and AssumptionsLa Herradura 220 - 230 $460 - $510 $80 - $130 $80 - $130 Consolidated Expenses Attributable Expenses North America 1,950 - 2,005 $570 - $630 $850 - $900 $850 - $900 Description ($M) ($M)Yanacocha 675 - 700 $475 - $525 $530 - $580 $270 - $310La Zanja 50 - 60 n/a - - General & Administrative $200 - $220 $200 - $220Conga - - $500 - $600 $250 - $300 Interest Expense $240 - $260 $230 - $250 South America 725 - 760 $475 - $525 $1,100 - $1,200 $550 - $600 DD&A $1,050 - $1,080 $890 - $920Boddington 750 - 775 $800 - $850 $150 - $200 $150 - $200 Exploration Expense $360 - $390 $320 - $350Other Australia/NZ 950 - 990 $810 - $860 $325 - $375 $325 - $375 Advanced Projects & R&D $425 - $475 $375 - $400Batu Hijau d 30 - 40 $925 - $975 $200 - $225 $100 - $125 Tax Rate 30% - 32% 30% - 32% Asia Pacific 1,730 - 1,805 $800 - $850 $700 - $800 $600 - $700 AssumptionsAhafo 555 - 570 $550 - $600 $240 - $270 $240 - $270 Gold Price ($/ounce) $1,500 $1,500Akyem - - $370 - $420 $370 - $420 Copper Price ($/pound) $3.50 $3.50 Africa 555 - 570 $550 - $600 $600 - $700 $600 - $700 Oil Price ($/barrel) $90 $90Corporate/Other - - $55 - $65 $55 - $65 a,b c AUD Exchange Rate $1.00 1.00Total Gold 5,000 - 5,100 $625 - $675 $3,300 - $3,600 $2,700 - $3,000Boddington 70 - 80 $2.00 - $2.25 - -Batu Hijau d 75 - 85 $1.80 - $2.20 - -Total Copper 145 - 165 $1.80 - $2.20a 2012 Attributable CAS Outlook is $640 - $690 per ounce.b 2012 Net Attributable CAS Outlook (inclusive of by-product credits) is $600 - $650 per ounce.c Includes capitalized interest of approximately $140 million.d Assumes Batu Hijau economic interest of 48.5% for 2012, subject to final divestiture obligations. Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 22 8/8/2012
    23. 23. EndnotesInvestors are encouraged to read the information contained in this presentation in conjunction with the following notes footnotes, the Cautionary Statement on slide 2 and the factors described under the “Risk Factors” section ofthe Company’s most recent Form 10-K, filed with the SEC on February 24, 2012.1. 2017 potential production metrics are targets and should be considered forward-looking statements. See the cautionary statement on slide 2 of this presentation and footnotes 3 and 4 below.2. Estimated mineralization ―potential‖ and ―exploration upside‖ refer to mineralization that are additional to current Reserves and Non-Reserve Mineralization (―NRM‖). Conversion of such mineralization to Reserves or NRM is subject to substantive risks inherent in the mining industry, and no assurance can be given that such inventory will be converted to Reserves or NRM or of the timing or terms of any such conversion. 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 to production, during which time the economic feasibility of production may change. As a result, there is greater uncertainty of the conversion of such inventory to production than in the case of Reserves or NRM. For additional information on Newmont’s Reserves and NRM, see our Year-End Reserve Report (as of 12/31/11) available at www.newmont.com/our-investors/reserves-and-resources. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and mineralized material, as well as a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, metals prices or other relevant factors, please see Newmont’s Form 10-K.3. The figures shown in the 2012 bar chart are the median of 2012 Outlook projections. 2012 Outlook projections used in this presentation (―Outlook‖) are considered ―forward-looking statements‖ and represent management’s good faith estimates or expectations of future production results as of February 24, 2012 and is based upon certain assumptions. Such assumptions, include gold price of $1,500/ounce, copper price of $3.50/pound, oil price of $90/barrel and Australian dollar exchange rate of 1.00. Consequently, Outlook cannot be guaranteed. Investors are cautioned that the Company does not undertake to subsequently reaffirm, provide comfort or otherwise update Outlook to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not assume that any lack of update constitutes a current reaffirmation of Outlook.4. When used in this presentation, the phrase ―production potential‖ represents the sum for all projects of the estimated average annual production targets for 2017 based upon the Company’s business plan as of 6-30-2012 for each such project anticipated to be commissioned by 2017. Additionally, unless otherwise indicated, references to potential production used in this presentation mean that portion that is attributable to Newmonts ownership or economic interest. Such estimates are subject to change after such date based upon risks, future events and modifications to the business plan or the Company’s growth strategy. Unless otherwise indicated, references to potential production indicate the portion attributable to Newmont’s interest.5. Estimates from AMEC Scoping Study, July 2010, Inputs and criteria used in the resource estimates at Elang were based on Batu Hijau data which is considered to be at a scoping study level of accuracy and detail when . applied to Elang. The competent person responsible for the Elang resource estimates is Tomasz Postolski, P.Eng. Resource estimates are JORC, and not Industry Guide 7, compliant. The above resource figures are not ore reserves as defined by the SEC or JORC. See Cautionary Statement on pages 20 for additional information.6. No ounces or pounds currently in Reserves or NRM. Additional exploration is required to determine whether Newmont will be able to define such a Reserve or NRM.7. Newmont has established a gold price-linked dividend policy that serves as a non-binding guideline for Newmont’s Board of Directors (the ―Board‖). The Board reserves all powers related to the declaration and payment of dividends. In addition, the declaration and payment of future dividends remain at the discretion of the Board and will be determined based on Newmont’s financial results, cash and liquidity requirements, future prospects and other factors deemed relevant by the Board. In determining the dividend to be declared and paid on the common stock of the Company, the Board may revise or terminate such policy at any time without prior notice.8. 2012 Outlook projections used in this presentation are considered ―forward-looking statements‖ and represent management’s good faith estimates or expectations of future production results as of February 24, 2012 and are based upon certain assumptions, including, without limitation, those described on slide 41 under the heading ―Assumptions‖ and as well as noted on slide 2. Consequently, Outlook cannot be guaranteed. Investors are cautioned that the Company does not undertake to subsequently reaffirm, provide comfort or otherwise update Outlook to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not assume that any lack of update constitutes a current reaffirmation of Outlook.Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 23 8/8/2012

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