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Dahlman Rose & Co.
Global Metals, Mining and Materials Conference
John Seaberg: Vice President, Investor Relations
November 14, 2012
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, including without limitation re-sequencing of our portfolio, optimization of current operations, overhead
 cost reductions and outlook; (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 | Dahlman Rose | www.newmont.com                                                                                                         2          November 14, 2012
Delivering on Our Promise
Maintaining a Stable, Profitable Operating Portfolio with Profitable Growth
Potential
                                           Outlook Highlights (as of 11/1/12)1
                       Attributable Gold Production (Moz)                            5.0 – 5.1
                       Consolidated Gold CAS ($/oz)                                $650 – $675
                       Attributable Copper Production (Mlbs)                        145 – 165
                       Consolidated Copper CAS ($/lb)                             $2.20 – $2.35
                       Attributable Capital Expenditures ($M)                    $2,700 – $3,000



               North America ~40%
       Q3 Gold Production 508 Koz @ $655/oz                            Africa ~11%
       2012 Outlook1 1,980-2,010 Koz @ $610-$645/oz
                                                                Q3 Gold Production 131 Koz @ $561/oz
                                                                2012 Outlook1 555-570 Koz @ $560-$590/oz



           South America ~16%
      Q3 Gold Production 196 Koz @ $520/oz                                             APAC ~33%
      2012 Outlook1 730-750 Koz @ $485-$515/oz                             Q3 Gold Production 402 Koz @ $937/oz
                                                                           Q3 Copper Production 35 Mlbs @ $2.38/lb
                                                                           2012 Outlook1 1,690-1,750 Koz @ $870-$900/oz
                                                                            and 145-165 Mlbs @ $2.20-$2.35/lb




  Newmont Mining Corporation | Dahlman Rose | www.newmont.com                                      3       November 14, 2012
Q3 2012 Operational Performance
1.24Moz at CAS of $693/oz
   Q3 2011 Attributable Gold Production                          Q3 2012 Attributable Gold Production

                  Africa                                                      Africa
                 146 Koz                                                     131 Koz

                                N. America
                                                                                           N. America
                                 480 Koz
                                                  1.31Moz              APAC                 508 Koz       1.24Moz
             APAC                                                      402 Koz
            492 Koz


                           S. America                                            S. America
                            188 Koz                                               196 Koz



  Consolidated
                           N. America          S. America       APAC              Africa          Consolidated
 Gold CAS ($/oz)
       Q3 2011                 $633                $610         $652              $501                  $622


       Q3 2012                 $655                $520         $937              $561                  $693


  Newmont Mining Corporation | Dahlman Rose | www.newmont.com                                 4     November 14, 2012
Protecting Our Margins
Improved Cost Control; Focus on Efficiencies in Operations, Projects, G&A
 Total Costs of Production2
         ~$1200/oz
           G&A
                                                                          Re-sequencing our Portfolio; Only Progressing Projects with
         Exploration
                                                                                            Acceptable Returns
    Adv. Projects & R&D

                                                                                          Optimizing Current Operations
     Sustaining Capital
       Expenditures
                                                                               ~$100M Overhead Cost Reduction for 2012; Additional
                                                                                         Reductions Under Evaluation

                                                                         60%                                                      Senior Gold3
                                                                                                     52%
                                                                                                                                  Newmont
                                             Total Shareholder Returns




                                                                         50%
                                                                                                                                 39%
                                                                         40%
                                                                         30%
                                                                                        22%
                                                                         20%                                       14%
            CAS                                                          10%
                                                                         0%
                                                                                              3 Yr                        5 Yr

                                                         Consistency in Operations Delivers Leading Total
  2012 Guidance ($/oz)                                   Shareholder Returns3
  Newmont Mining Corporation | Dahlman Rose | www.newmont.com                                                                5         November 14, 2012
Delivering Shareholder Value
A Leader on Per Share Metrics
               Gold Reserves per Thousand Shares                                                                         Attributable Gold Production per Share
   250                                                                                                           12.0
                                                             2011     2010       2009                                                            2011   2010     2009

   200                                                                                                           10.0


                                                                                                                  8.0
   150

                                                                                                                  6.0
   100
                                                                                                                  4.0

    50
                                                                                                                  2.0


      0                                                                                                           0.0
            NEM          ABX         AEM          GG          KGC            IMG                                        NEM   ABX    AEM   GG     KGC          IMG

            Consolidated Free Cash Flow Per Share                                                                              Dividends Paid per Share
  $5.00
                                                             2011         2010           2009                  $1.20
  $4.00                                                                                                                                          2011   2010         2009

  $3.00                                                                                                        $1.00
  $2.00

  $1.00                                                                                                        $0.80

  $0.00
                                                                                                               $0.60
  -$1.00

  -$2.00
                                                                                                               $0.40
  -$3.00

  -$4.00
                                                                                                               $0.20
  -$5.00

  -$6.00                                                                                                       $0.00
             NEM          ABX          AEM             GG           KGC            IMG                                  NEM   ABX   AEM    GG     KGC          IMG
   Basic Shares Outstanding as of 12/31/11 in millions: NEM 494, ABX 999, AEM 169, GG 804, KGC 1136, IMG 376



 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                                                                                     6             November 14, 2012
Committed to Delivering Shareholder Value
 A Leader with the Gold Price-Linked Dividend4
                                                                                                                                                     $4.70

                                                    Dividend                 Dividend              Dividend increases /                   $4.30
                                                   increases /              increases /            decreases
                                                  decreases by             decreases by            by $0.40/share for           $3.90
                                                 $0.20/share for          $0.30/share for          every $100/oz
                                                 every $100/oz            every $100/oz            change in the gold $3.50
                                                  change in the         change in the gold         price
                                                    gold price                 price                         $3.10
                                                                                                                           Q3 average London P.M.
                                                                                                                            Gold Fix of $1,652, our
            Annualized Dividend per Share ($)




                                                                                                   $2.70
                                                                                                                          Quarterly Dividend payout
                                                                                        $2.30                                was $0.35 per share;
                                                                              $2.00
                                                                                                                                  equates to
                                                                                                                          ~ 3% dividend yield for our
                                                                    $1.70
                                                                                                                                shareholders
                                                          $1.40
                                                $1.20
       $1.00
80




300    $1,400                                    $1,500    $1,600    $1,700    $1,800    $1,900   $2,000-   $2,100-   $2,200-   $2,300-   $2,400-    $2,500
399   -$1,499                                   -$1,599   -$1,699   -$1,799   -$1,899   -$1,999   $2,099    $2,199    $2,299    $2,399    $2,499    -$2,599

                                                                      Average London P.M. Fix ($/oz)

      Newmont Mining Corporation | Dahlman Rose | www.newmont.com                                                                 7       November 14, 2012
North America
Consistent Operating Portfolio
~50 Years of Production and Going Strong
  ~1.9Moz base production profile

  Cornerstone assets have delivered >55Moz of
   gold from the region since 1965

  Sustainable reserve base developed through
   acquisitions and organic conversion

  ~37Moz of Gold Reserves and ~14Moz of Gold                  Twin Creeks
                                                                Phoenix Mill

   NRM with exploration upside

  Development of Long Canyon and Leeville/Turf
   projects for moderate growth over the next five
   years

  La Herradura JV delivers profitable gold
   production each year
                                                               Leeville Underground



 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                          8   November 14, 2012
North America Operating Highlights
    Attributable Production (Koz)                                                Emigrant
Q3 2011                                 480
Q3 2012                                 508
        Consolidated CAS ($/oz)
Q3 2011                                 $633
Q3 2012                                 $655
 Q3 Attributable Gold Production (Koz)
               Nevada        La Herradura
                                                                First commercial production at Emigrant
 600
 500                                                            Record throughput at Mill 6
 400                                                            Construction on schedule at Phoenix
 300                                                             Copper Leach
 200                                                            Work on initial freeze ring has begun for 3rd
 100                                                             vent shaft at Leeville
   0                                                            Expecting to report first NRM at Long
              Q3 2011                  Q3 2012                   Canyon in early 2013

 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                              9     November 14, 2012
North America
Long Canyon’s Significant Potential Continues to be Discovered
                                                                 Recent drill intercept results5:
                                                                ‒   23m @ 9.0 g/t
                                                                ‒   57m @ 8.4 g/t    ‒        34m @ 1.4 g/t
                                                                ‒   23m @ 10.5 g/t   ‒        55m @ 11.2 g/t
                                                                 Expect 75,000m drilled in 2012
                                                                 Expect infill drilling to convert NRM
                                                                  to reserve; condemnation and
                                                                  geotechnical drilling in 2013
                                                                 Feasibility study expected to be
                                                                  complete December 2013




Trend Potential of >3-4X Fronteer’s Stated
Resource Estimate6
(1.4Moz M&I + 0.8Moz Inferred; No ounces currently in
reserves or NRM; Expected to declare first NRM in early
2013)

  Newmont Mining Corporation | Dahlman Rose | www.newmont.com                            10      November 14, 2012
South America
Consistent Operating Portfolio
~20 Years of Gold Production at Competitive Costs
  ~0.75Moz base production profile

  Consistent operating performance from
   Yanacocha at ~$500/oz costs

  Demonstrated commitment to communities
   through employment opportunities and
   investments in additional water capacity
                                                               Yanacocha, Peru


  ~11Moz of Gold Reserves and ~7Moz of Gold
   NRM with additional exploration opportunity at
   Merian and Yanacocha

  Merian project in Suriname opportunity for ~350
   – 400koz of production per year7


                                                               Merian, Suriname


 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                      11   November 14, 2012
South America Operating Highlights
    Attributable Production (Koz)                                              Yanacocha
Q3 2011                                 188
Q3 2012                                 196
        Consolidated CAS ($/oz)
Q3 2011                                 $610
Q3 2012                                 $520
 Q3 Attributable Gold Production (Koz)
                Yanacocha         La Zanja
 250
                                                                Cost reduction efforts and leadership
 200
                                                                 changes underway
 150
                                                                Full year 2012 outlook for Yanacocha
 100                                                             unchanged, reflects less mill ore and
  50
                                                                 more leach material in fourth quarter

   0
                                                                “Water First” approach at Conga
              Q3 2011                  Q3 2012

 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                             12   November 14, 2012
South America
Conga development contingent on generating acceptable project returns; community and
government support key to progressing the project

Continuing on our “Water First” Development Approach
     Construction status
        −   Engineering ~96% complete
        −   Procurement ~66% complete
        −   Downsizing Owner’s team
        −   Reviewing development cost reduction
            opportunities for Conga

     2012-2013 attributable spending (~2/3 less
                                                                Water Treatment Platform
      than originally planned) of $440 million
      contains
        −   ~$90 million engineering
        −   ~$270 million equipment and owner costs
        −   ~$60 million reservoir construction
        −   ~$20 million camp construction

     2012 YTD spend ~$245 million
                                                                Road Preparation



  Newmont Mining Corporation | Dahlman Rose | www.newmont.com                              13   November 14, 2012
South America
Progress at Merian
A New District in South America
  Open pit mine in prospective Guyana
   Shield mineralized belt                                                             Merian

  Mineral Agreement negotiations
   progressing with government

  Feasibility Study expected by year end

  Gold production: 350 - 400 koz
   (first 5 years)8

  CAS: $525 - $600/oz (first 5 years)8

  Initial Capital: $700 - $775 million8

  NRM: 3.6 Moz9

  Potential to add ~50%-100% of current9
   NRM over the next 5-10 years
    Estimates of production, CAS, and capital as of May 23, 2012.
                                                                    Exploration Camp

 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                                14   November 14, 2012
APAC
Consistent Operating Portfolio
A Stable Platform
  ~1.7Moz base production profile – gold and
   copper

  On track to deliver consistent production over
   the next five years

  ~32Moz of Gold Reserves and ~14Moz of Gold
   NRM with potential to extend life of mines
                                                               Boddington



  Batu Hijau divestiture ongoing; expected to
   reach Phase 6 ore in the last half of 2013

  Strong Q4 expected from Boddington to achieve
   full-year guidance

  Current backfill issues at Tanami being
   addressed                                                   Batu Hijau
                                                               Batu Hijau



 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                15   November 14, 2012
APAC Operating Highlights
    Attributable Gold                   Consolidated            Tanami backfilling issues being
    Production (Koz)                   Gold CAS ($/oz)
                                                                 addressed; evaluation of Auron
Q3 2011      556                              $652               discovery ongoing; shaft development
Q3 2012      404                              $937               deferred and will reassess in 2015

   Attributable Copper                 Consolidated             Issue related to conveyor pulleys at
    Production (Mlb)                 Copper CAS ($/lb)           Boddington being addressed
Q3 2011        55                            $1.10              Batu Hijau divestiture process ongoing,
                                                                 labor negotiations set to begin
Q3 2012        35                            $2.38
          Q3 Attributable Gold Production (Koz)                     Q3 Attributable Copper Production (Mlb)

          Boddington      Other Aus/NZ        Batu Hijau                   Boddington      Batu Hijau
   600                                                         70
   500                                                         60
   400                                                         50
                                                               40
   300
                                                               30
   200
                                                               20
   100                                                         10
     0                                                          0
                 Q3 2011                   Q3 2012                       Q3 2011                Q3 2012

 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                               16     November 14, 2012
Africa
Consistent Operating Portfolio
Cornerstone Region in the Making
  ~0.6Moz base production profile

  Newmont’s growth focus with potential to
   double current production by 2017

  ~20Moz of Gold Reserves and ~7Moz of
   Gold NRM with exploration potential at
   Ahafo North and Akyem underground                           Akyem Resettlement Area

                                                                      Akyem


  Akyem on budget and on schedule for late
   2013 start date

  Ahafo Mill expansion opportunity to
   increase district production while
   maintaining costs

  Strategic iron ore development opportunity
   at Nimba                                                    Ahafo Mill



 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                             17   November 14, 2012
Africa Operating Highlights
       Attributable Production (Koz)                                           Ahafo
Q3 2011                                 146
Q3 2012                                 131
         Consolidated CAS ($/oz)
Q3 2011                                 $501
Q3 2012                                 $561
 Q3 Attributable Gold Production (Koz)
                          Ahafo
 150
                                                                Apensu pit now mined out, exploring
                                                                 Apensu South
 100
                                                                Akyem on schedule, on budget
 50                                                             Subika development schedule slowed
                                                                 down, working to obtain necessary
  0
                                                                 permits and optimize water balance
              Q3 2011                 Q3 2012

 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                           18    November 14, 2012
Africa
Akyem Making Significant Progress
Construction On-Track and On-Budget

     Construction is ~65% complete

     First production expected late 201310

     Gold production: 350 - 450 koz
      (average, first 5 years)1
     CAS: $500 - $650/oz (average, first 5
      years)1
                                                               Installation of ball mill and sag mill

     Initial Capital: $0.9 - $1.1 billion

     Reserves: 7.4 Moz

     Mine life: ~16 years

                                                               Carbon in Leach (CIL) tanks




 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                                            19   November 14, 2012
Africa
Akyem Making Significant Progress




 Newmont Mining Corporation | Dahlman Rose | www.newmont.com   20   November 14, 2012
In Summary:
 Maintaining a stable and profitable operating portfolio
 Progressing our value enhancement targets
 On-track to deliver on lower end of outlook for production, higher end for
   CAS
 Akyem on budget and on schedule
 Continuing to lead industry in returning capital to shareholders




 Newmont Mining Corporation | Dahlman Rose | www.newmont.com    21   November 14, 2012
Questions?
Appendix
2012 Outlook1
     Production, CAS and Capital Outlook as of November 1, 2012.
                                       Attributable Production              Consolidated CAS            Consolidated Capital     Attributable Capital
Region                                       (Kozs, Mlbs)                      ($/oz, $/lb)              Expenditures ($M)       Expenditures ($M)

Nevada                                         1,760 - 1,780                     $615 - $645                $750 - $800              $750 - $800
La Herradura                                     220 - 230                       $585 - $615                 $80 - $130               $80 - $130
    North America                              1,980 - 2,010                    $615 - $645                 $850 - $900              $850 - $900
Yanacocha                                        680 - 690                       $485 - $515                $530 - $580              $270 - $310
La Zanja                                          50 - 60                             n/a                         -                       -
Conga                                                 -                                -                    $500 - $600              $250 - $300        2012 Outlook and Assumptions
    South America                                730 - 750                      $485 - $515                $1,100 - $1,200           $550 - $600                                   Consolidated Expenses     Attributable Expenses
                                                                                                                                                        Description                         ($M)                      ($M)
Boddington                                       725 - 750                       $865 - $895                $150 - $200              $150 - $200
Other Australia/NZ                               935 - 960                       $885 - $915                $325 - $375              $325 - $375
                                                                                                                                                        General & Administrative        $200 - $220               $200 - $220
               d
Batu Hijau                                        30 - 40                        $955 - $985                $200 - $225              $100 - $125
                                                                                                                                                        Interest Expense                $240 - $260               $230 - $250
    Asia Pacific                               1,690 - 1,750                    $870 - $900                 $700 - $800              $600 - $700
                                                                                                                                                        DD&A                           $1,050 - $1,080            $890 - $920
Ahafo                                            555 - 570                       $560 - $590                $240 - $270              $240 - $270
                                                                                                                                                        Exploration Expense             $370 - $400               $340 - $370
Akyem                                                 -                                -                    $370 - $420              $370 - $420
                                                                                                                                                        Advanced Projects & R&D         $410 - $440               $350 - $380
 Africa                                          555 - 570                       $560 -$590                 $600 - $700              $600 - $700
                                                                                                                                                        Tax Rate                           ~32%                      ~32%
Corporate/Other                                      -                                -                      $55 - $65                $55 - $65         Assumptions
                                                                                             a,b                             c
Total Gold                                     5,000 - 5,100                  $650 - $675                 $3,300 - $3,600          $2,700 - $3,000      Gold Price ($/ounce)               $1,500                   $1,500
Boddington                                        70 - 80                       $2.25 - $2.40                     -                       -             Copper Price ($/pound)             $3.50                     $3.50
Batu Hijau d                                      75 - 85                       $2.15 - $2.30                     -                       -             Oil Price ($/barrel)                $90                      $90
Total Copper                                     145 - 165                      $2.20 - $2.35                                                           AUD Exchange Rate                  $1.00                     1.00
a
    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 | Dahlman Rose | www.newmont.com                                                                                                                      24           November 14, 2012
Q3 and YTD Financial Results

                                                                Q3 2011   Q3 2012 YTD 2011 YTD 2012
Revenue ($M)                                                    $2,744    $2,480   $7,593        $7,392

Net Income from Continuing Operations ($M)                       $493      $400    $1,530        $1,240
Net Income from Continuing Operations
                                                                 $1.00     $0.81   $3.10          $2.50
per Share
Adjusted Net Income ($M)11                                       $635      $426    $1,593        $1,298

Adjusted Net Income per Share12                                  $1.29     $0.86   $3.23          $2.62

Cash from Continuing Operations ($M)                            $1,263     $578    $2,666        $1,542

Dividends per share                                              $0.35     $0.35   $0.60          $1.05




  Newmont Mining Corporation | Dahlman Rose | www.newmont.com                       25     November 14, 2012
Q3 and YTD Financial Results
Operating Cash Flow
                                                        $1,400
                                                                          $230
      Cash Flow from Continuing Operations ($million)




                                                        $1,200   $1,263

                                                                                   $150
                                                        $1,000            $1,033
                                                                                          $108
                                                                                   $883
                                                         $800                                    $80
                                                                                          $775          $59
                                                                                                               $58
                                                                                                 $695
                                                         $600                                           $636
                                                                                                               $578        $578

                                                         $400


                                                         $200


                                                           $0




 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                                                          26   November 14, 2012
Q3 and YTD Operating Results

                                                               Q3 2011   Q3 2012 YTD 2011 YTD 2012
Attributable Gold Production (Moz)                               1.3       1.2     3.88           3.73
Attributable Copper Production (Mlbs)                            58        38      159            103
Attributable Gold Sales (Moz)                                   1.24      1.19     3.73           3.58
Attributable Copper Sales (Mlbs)                                 51        37      154            102
Average Realized Gold Price13($/oz)                            $1,695     1,660   $1,526        $1,649
Average Realized Copper Price ($/lb)                            $2.94     $3.55   $3.58          $3.51
Gold CAS ($/oz)                                                 $622      $693     $587          $664
Copper CAS ($/lb)                                               $1.10     $2.38   $1.17          $2.23
Gold Operating Margin ($/oz)14                                 $1,073     $967     $939          $985
Copper Operating Margin ($/lb)15                                $1.84     $1.17   $2.41          $1.28

 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                       27     November 14, 2012
Gold CAS - Q3 2011 vs.Q3 2012
                     $800


                     $750
                                                                                                 $3
                                                               $26             $8
                     $700
                                             $40                              $688              $693        $693
                     $650                                      $662
        CAS ($/oz)




                            $622           $622
                     $600


                     $550


                     $500


                     $450


                     $400




 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                                           28     November 14, 2012
                                           Newmont Mining Corporation – Strictly Confidential
Reconciliation – Adjusted Net Income to GAAP Net Income
    Non-GAAP Financial Measures

    Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by Generally Accepted Accounting
    Principles (“GAAP”). These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.

    Reconciliation of Adjusted Net Income to GAAP Net Income

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

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


                                                                            Three Months Ended September 30,                      Nine Months Ended September 30,
                                                                                2012                       2011                       2012                        2011
       Net income attributable to Newmont stockholders $                                 367       $                493       $              1,136       $               1,394
        Loss from discontinued operations                                                 33                          -                        104                         136
        Workforce reduction                                                               20                          -                         20                           -
        Impairments/asset sales, net                                                       6                        142                         30                         110
        Boddington contingent consideration                                                -                          -                          8                           -
        Fronteer acquisition costs                                                         -                          -                          -                          18
        Income tax benefit from internal restructuring                                     -                          -                          -                         (65)
       Adjusted net income                             $                                 426       $                635       $              1,298       $               1,593
       Adjusted net income per share, basic                             $               0.86       $               1.29       $               2.62       $                3.23
       Adjusted net income per share, diluted                           $               0.85       $               1.26       $               1.14       $                3.17




 Newmont Mining Corporation | Dahlman Rose | www.newmont.com                                                                                                 29          November 14, 2012
Endnotes
Investors 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 of the Company’s most recent Form 10-K, filed with the SEC on February 24, 2012.

1.    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 November 1, 2012 and are 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. Note that regional guidance figures provided are attributable production, consolidated CAS and attributable capital expenditures.
2.    The figures shown in the 2012 bar chart are the median of 2012 Outlook projections. See Note 8 below.
3.    Total shareholder return time periods calculated as of 2011 fiscal year-end; Senior Gold includes: KGC, ABX, AEM, GG, ANG, & GFI.
4.    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.
5.    Current drill results and drill mineralization are not necessarily indicative to future results. No assurances can be made that such drill results will be converted into NRM or Reserves in the future
      given the risk and uncertainty inherent to the exploration process.
6.    In January 2011, Fronteer Gold released an interim resource estimate for Long Canyon, which reported Measured and Indicated resources of approximately 0.071 and 1.324 million gold
      ounces, respectively, and an additional Inferred resource of approximately 0.8 million gold ounces. U.S. investors are cautioned that Fronteer Gold provided its public disclosures at the time of
          .
      acquisition in the terms of "Measured resources", “Indicated resources” and "Inferred resource.” While these terms are recognized and required by Canadian regulations, these terms are not
      defined terms under the SEC’s Industry Guide 7. U.S. Investors are cautioned not to assume that any part or all of mineral deposits in the "Measured resources” and “Indicated resources"
      categories will ever be converted into Reserves. Additionally, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal
      feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred resources may not
      form the basis of a feasibility study or prefeasibility studies, except in rare cases. Accordingly, U.S. Investors are cautioned not to assume that any part or all of an Inferred resource exists or is
      economically or legally minable. No ounces are currently in the Company’s Reserves or NRM for Long Canyon.
7.    Merian figures shown are representative of Newmont’s 100% ownership interest subject to ongoing negotiations with the Surinamese government.
8.    Production, CAS, and Capex estimates based upon management’s good faith belief as of May 23, 2012. Subject to change based upon Newmont’s ongoing planning and budgeting process and
      assumptions.
9.    NRM estimates as of fiscal 2011 year-end. No ounces currently in reserves.
10.   Subject to permitting and other factors as described in the Company’s 2011 Annual Report on Form 10-K under the heading “Risk Factors.”
11.   Refer to slide 29 for reconciliation to GAAP net income attributable to Newmont stockholders.
12.   Refer to slide 29 for reconciliation to GAAP net income attributable to Newmont stockholders.
13.   Average realized gold price is determined for each preceding quarter net of applicable treatment and refining costs incurred during the quarter and provisional pricing mark-to-market
      adjustments, if any.
14.   Gold operating margin calculated as average realized gold price per ounce, less gold cost applicable to sales per ounce.
15.   Copper operating margin calculated as average realized copper price per pound, less copper cost applicable to sales per pound.




      Newmont Mining Corporation | Dahlman Rose | www.newmont.com                                                                                                   30          November 14, 2012

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Dahlman Rose Global Metals Mining and Materials Conference

  • 1. Dahlman Rose & Co. Global Metals, Mining and Materials Conference John Seaberg: Vice President, Investor Relations November 14, 2012
  • 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, including without limitation re-sequencing of our portfolio, optimization of current operations, overhead cost reductions and outlook; (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 | Dahlman Rose | www.newmont.com 2 November 14, 2012
  • 3. Delivering on Our Promise Maintaining a Stable, Profitable Operating Portfolio with Profitable Growth Potential Outlook Highlights (as of 11/1/12)1 Attributable Gold Production (Moz) 5.0 – 5.1 Consolidated Gold CAS ($/oz) $650 – $675 Attributable Copper Production (Mlbs) 145 – 165 Consolidated Copper CAS ($/lb) $2.20 – $2.35 Attributable Capital Expenditures ($M) $2,700 – $3,000 North America ~40% Q3 Gold Production 508 Koz @ $655/oz Africa ~11% 2012 Outlook1 1,980-2,010 Koz @ $610-$645/oz Q3 Gold Production 131 Koz @ $561/oz 2012 Outlook1 555-570 Koz @ $560-$590/oz South America ~16% Q3 Gold Production 196 Koz @ $520/oz APAC ~33% 2012 Outlook1 730-750 Koz @ $485-$515/oz Q3 Gold Production 402 Koz @ $937/oz Q3 Copper Production 35 Mlbs @ $2.38/lb 2012 Outlook1 1,690-1,750 Koz @ $870-$900/oz and 145-165 Mlbs @ $2.20-$2.35/lb Newmont Mining Corporation | Dahlman Rose | www.newmont.com 3 November 14, 2012
  • 4. Q3 2012 Operational Performance 1.24Moz at CAS of $693/oz Q3 2011 Attributable Gold Production Q3 2012 Attributable Gold Production Africa Africa 146 Koz 131 Koz N. America N. America 480 Koz 1.31Moz APAC 508 Koz 1.24Moz APAC 402 Koz 492 Koz S. America S. America 188 Koz 196 Koz Consolidated N. America S. America APAC Africa Consolidated Gold CAS ($/oz) Q3 2011 $633 $610 $652 $501 $622 Q3 2012 $655 $520 $937 $561 $693 Newmont Mining Corporation | Dahlman Rose | www.newmont.com 4 November 14, 2012
  • 5. Protecting Our Margins Improved Cost Control; Focus on Efficiencies in Operations, Projects, G&A Total Costs of Production2 ~$1200/oz G&A Re-sequencing our Portfolio; Only Progressing Projects with Exploration Acceptable Returns Adv. Projects & R&D Optimizing Current Operations Sustaining Capital Expenditures ~$100M Overhead Cost Reduction for 2012; Additional Reductions Under Evaluation 60% Senior Gold3 52% Newmont Total Shareholder Returns 50% 39% 40% 30% 22% 20% 14% CAS 10% 0% 3 Yr 5 Yr Consistency in Operations Delivers Leading Total 2012 Guidance ($/oz) Shareholder Returns3 Newmont Mining Corporation | Dahlman Rose | www.newmont.com 5 November 14, 2012
  • 6. Delivering Shareholder Value A Leader on Per Share Metrics Gold Reserves per Thousand Shares Attributable Gold Production per Share 250 12.0 2011 2010 2009 2011 2010 2009 200 10.0 8.0 150 6.0 100 4.0 50 2.0 0 0.0 NEM ABX AEM GG KGC IMG NEM ABX AEM GG KGC IMG Consolidated Free Cash Flow Per Share Dividends Paid per Share $5.00 2011 2010 2009 $1.20 $4.00 2011 2010 2009 $3.00 $1.00 $2.00 $1.00 $0.80 $0.00 $0.60 -$1.00 -$2.00 $0.40 -$3.00 -$4.00 $0.20 -$5.00 -$6.00 $0.00 NEM ABX AEM GG KGC IMG NEM ABX AEM GG KGC IMG Basic Shares Outstanding as of 12/31/11 in millions: NEM 494, ABX 999, AEM 169, GG 804, KGC 1136, IMG 376 Newmont Mining Corporation | Dahlman Rose | www.newmont.com 6 November 14, 2012
  • 7. Committed to Delivering Shareholder Value A Leader with the Gold Price-Linked Dividend4 $4.70 Dividend Dividend Dividend increases / $4.30 increases / increases / decreases decreases by decreases by by $0.40/share for $3.90 $0.20/share for $0.30/share for every $100/oz every $100/oz every $100/oz change in the gold $3.50 change in the change in the gold price gold price price $3.10 Q3 average London P.M. Gold Fix of $1,652, our Annualized Dividend per Share ($) $2.70 Quarterly Dividend payout $2.30 was $0.35 per share; $2.00 equates to ~ 3% dividend yield for our $1.70 shareholders $1.40 $1.20 $1.00 80 300 $1,400 $1,500 $1,600 $1,700 $1,800 $1,900 $2,000- $2,100- $2,200- $2,300- $2,400- $2,500 399 -$1,499 -$1,599 -$1,699 -$1,799 -$1,899 -$1,999 $2,099 $2,199 $2,299 $2,399 $2,499 -$2,599 Average London P.M. Fix ($/oz) Newmont Mining Corporation | Dahlman Rose | www.newmont.com 7 November 14, 2012
  • 8. North America Consistent Operating Portfolio ~50 Years of Production and Going Strong  ~1.9Moz base production profile  Cornerstone assets have delivered >55Moz of gold from the region since 1965  Sustainable reserve base developed through acquisitions and organic conversion  ~37Moz of Gold Reserves and ~14Moz of Gold Twin Creeks Phoenix Mill NRM with exploration upside  Development of Long Canyon and Leeville/Turf projects for moderate growth over the next five years  La Herradura JV delivers profitable gold production each year Leeville Underground Newmont Mining Corporation | Dahlman Rose | www.newmont.com 8 November 14, 2012
  • 9. North America Operating Highlights Attributable Production (Koz) Emigrant Q3 2011 480 Q3 2012 508 Consolidated CAS ($/oz) Q3 2011 $633 Q3 2012 $655 Q3 Attributable Gold Production (Koz) Nevada La Herradura  First commercial production at Emigrant 600 500  Record throughput at Mill 6 400  Construction on schedule at Phoenix 300 Copper Leach 200  Work on initial freeze ring has begun for 3rd 100 vent shaft at Leeville 0  Expecting to report first NRM at Long Q3 2011 Q3 2012 Canyon in early 2013 Newmont Mining Corporation | Dahlman Rose | www.newmont.com 9 November 14, 2012
  • 10. North America Long Canyon’s Significant Potential Continues to be Discovered  Recent drill intercept results5: ‒ 23m @ 9.0 g/t ‒ 57m @ 8.4 g/t ‒ 34m @ 1.4 g/t ‒ 23m @ 10.5 g/t ‒ 55m @ 11.2 g/t  Expect 75,000m drilled in 2012  Expect infill drilling to convert NRM to reserve; condemnation and geotechnical drilling in 2013  Feasibility study expected to be complete December 2013 Trend Potential of >3-4X Fronteer’s Stated Resource Estimate6 (1.4Moz M&I + 0.8Moz Inferred; No ounces currently in reserves or NRM; Expected to declare first NRM in early 2013) Newmont Mining Corporation | Dahlman Rose | www.newmont.com 10 November 14, 2012
  • 11. South America Consistent Operating Portfolio ~20 Years of Gold Production at Competitive Costs  ~0.75Moz base production profile  Consistent operating performance from Yanacocha at ~$500/oz costs  Demonstrated commitment to communities through employment opportunities and investments in additional water capacity Yanacocha, Peru  ~11Moz of Gold Reserves and ~7Moz of Gold NRM with additional exploration opportunity at Merian and Yanacocha  Merian project in Suriname opportunity for ~350 – 400koz of production per year7 Merian, Suriname Newmont Mining Corporation | Dahlman Rose | www.newmont.com 11 November 14, 2012
  • 12. South America Operating Highlights Attributable Production (Koz) Yanacocha Q3 2011 188 Q3 2012 196 Consolidated CAS ($/oz) Q3 2011 $610 Q3 2012 $520 Q3 Attributable Gold Production (Koz) Yanacocha La Zanja 250  Cost reduction efforts and leadership 200 changes underway 150  Full year 2012 outlook for Yanacocha 100 unchanged, reflects less mill ore and 50 more leach material in fourth quarter 0  “Water First” approach at Conga Q3 2011 Q3 2012 Newmont Mining Corporation | Dahlman Rose | www.newmont.com 12 November 14, 2012
  • 13. South America Conga development contingent on generating acceptable project returns; community and government support key to progressing the project Continuing on our “Water First” Development Approach  Construction status − Engineering ~96% complete − Procurement ~66% complete − Downsizing Owner’s team − Reviewing development cost reduction opportunities for Conga  2012-2013 attributable spending (~2/3 less Water Treatment Platform than originally planned) of $440 million contains − ~$90 million engineering − ~$270 million equipment and owner costs − ~$60 million reservoir construction − ~$20 million camp construction  2012 YTD spend ~$245 million Road Preparation Newmont Mining Corporation | Dahlman Rose | www.newmont.com 13 November 14, 2012
  • 14. South America Progress at Merian A New District in South America  Open pit mine in prospective Guyana Shield mineralized belt Merian  Mineral Agreement negotiations progressing with government  Feasibility Study expected by year end  Gold production: 350 - 400 koz (first 5 years)8  CAS: $525 - $600/oz (first 5 years)8  Initial Capital: $700 - $775 million8  NRM: 3.6 Moz9  Potential to add ~50%-100% of current9 NRM over the next 5-10 years Estimates of production, CAS, and capital as of May 23, 2012. Exploration Camp Newmont Mining Corporation | Dahlman Rose | www.newmont.com 14 November 14, 2012
  • 15. APAC Consistent Operating Portfolio A Stable Platform  ~1.7Moz base production profile – gold and copper  On track to deliver consistent production over the next five years  ~32Moz of Gold Reserves and ~14Moz of Gold NRM with potential to extend life of mines Boddington  Batu Hijau divestiture ongoing; expected to reach Phase 6 ore in the last half of 2013  Strong Q4 expected from Boddington to achieve full-year guidance  Current backfill issues at Tanami being addressed Batu Hijau Batu Hijau Newmont Mining Corporation | Dahlman Rose | www.newmont.com 15 November 14, 2012
  • 16. APAC Operating Highlights Attributable Gold Consolidated  Tanami backfilling issues being Production (Koz) Gold CAS ($/oz) addressed; evaluation of Auron Q3 2011 556 $652 discovery ongoing; shaft development Q3 2012 404 $937 deferred and will reassess in 2015 Attributable Copper Consolidated  Issue related to conveyor pulleys at Production (Mlb) Copper CAS ($/lb) Boddington being addressed Q3 2011 55 $1.10  Batu Hijau divestiture process ongoing, labor negotiations set to begin Q3 2012 35 $2.38 Q3 Attributable Gold Production (Koz) Q3 Attributable Copper Production (Mlb) Boddington Other Aus/NZ Batu Hijau Boddington Batu Hijau 600 70 500 60 400 50 40 300 30 200 20 100 10 0 0 Q3 2011 Q3 2012 Q3 2011 Q3 2012 Newmont Mining Corporation | Dahlman Rose | www.newmont.com 16 November 14, 2012
  • 17. Africa Consistent Operating Portfolio Cornerstone Region in the Making  ~0.6Moz base production profile  Newmont’s growth focus with potential to double current production by 2017  ~20Moz of Gold Reserves and ~7Moz of Gold NRM with exploration potential at Ahafo North and Akyem underground Akyem Resettlement Area Akyem  Akyem on budget and on schedule for late 2013 start date  Ahafo Mill expansion opportunity to increase district production while maintaining costs  Strategic iron ore development opportunity at Nimba Ahafo Mill Newmont Mining Corporation | Dahlman Rose | www.newmont.com 17 November 14, 2012
  • 18. Africa Operating Highlights Attributable Production (Koz) Ahafo Q3 2011 146 Q3 2012 131 Consolidated CAS ($/oz) Q3 2011 $501 Q3 2012 $561 Q3 Attributable Gold Production (Koz) Ahafo 150  Apensu pit now mined out, exploring Apensu South 100  Akyem on schedule, on budget 50  Subika development schedule slowed down, working to obtain necessary 0 permits and optimize water balance Q3 2011 Q3 2012 Newmont Mining Corporation | Dahlman Rose | www.newmont.com 18 November 14, 2012
  • 19. Africa Akyem Making Significant Progress Construction On-Track and On-Budget  Construction is ~65% complete  First production expected late 201310  Gold production: 350 - 450 koz (average, first 5 years)1  CAS: $500 - $650/oz (average, first 5 years)1 Installation of ball mill and sag mill  Initial Capital: $0.9 - $1.1 billion  Reserves: 7.4 Moz  Mine life: ~16 years Carbon in Leach (CIL) tanks Newmont Mining Corporation | Dahlman Rose | www.newmont.com 19 November 14, 2012
  • 20. Africa Akyem Making Significant Progress Newmont Mining Corporation | Dahlman Rose | www.newmont.com 20 November 14, 2012
  • 21. In Summary:  Maintaining a stable and profitable operating portfolio  Progressing our value enhancement targets  On-track to deliver on lower end of outlook for production, higher end for CAS  Akyem on budget and on schedule  Continuing to lead industry in returning capital to shareholders Newmont Mining Corporation | Dahlman Rose | www.newmont.com 21 November 14, 2012
  • 24. 2012 Outlook1 Production, CAS and Capital Outlook as of November 1, 2012. Attributable Production Consolidated CAS Consolidated Capital Attributable Capital Region (Kozs, Mlbs) ($/oz, $/lb) Expenditures ($M) Expenditures ($M) Nevada 1,760 - 1,780 $615 - $645 $750 - $800 $750 - $800 La Herradura 220 - 230 $585 - $615 $80 - $130 $80 - $130 North America 1,980 - 2,010 $615 - $645 $850 - $900 $850 - $900 Yanacocha 680 - 690 $485 - $515 $530 - $580 $270 - $310 La Zanja 50 - 60 n/a - - Conga - - $500 - $600 $250 - $300 2012 Outlook and Assumptions South America 730 - 750 $485 - $515 $1,100 - $1,200 $550 - $600 Consolidated Expenses Attributable Expenses Description ($M) ($M) Boddington 725 - 750 $865 - $895 $150 - $200 $150 - $200 Other Australia/NZ 935 - 960 $885 - $915 $325 - $375 $325 - $375 General & Administrative $200 - $220 $200 - $220 d Batu Hijau 30 - 40 $955 - $985 $200 - $225 $100 - $125 Interest Expense $240 - $260 $230 - $250 Asia Pacific 1,690 - 1,750 $870 - $900 $700 - $800 $600 - $700 DD&A $1,050 - $1,080 $890 - $920 Ahafo 555 - 570 $560 - $590 $240 - $270 $240 - $270 Exploration Expense $370 - $400 $340 - $370 Akyem - - $370 - $420 $370 - $420 Advanced Projects & R&D $410 - $440 $350 - $380 Africa 555 - 570 $560 -$590 $600 - $700 $600 - $700 Tax Rate ~32% ~32% Corporate/Other - - $55 - $65 $55 - $65 Assumptions a,b c Total Gold 5,000 - 5,100 $650 - $675 $3,300 - $3,600 $2,700 - $3,000 Gold Price ($/ounce) $1,500 $1,500 Boddington 70 - 80 $2.25 - $2.40 - - Copper Price ($/pound) $3.50 $3.50 Batu Hijau d 75 - 85 $2.15 - $2.30 - - Oil Price ($/barrel) $90 $90 Total Copper 145 - 165 $2.20 - $2.35 AUD Exchange Rate $1.00 1.00 a 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 $140 million. d Assumes Batu Hijau economic interest of 48.5% for 2012, subject to final divestiture obligations. Newmont Mining Corporation | Dahlman Rose | www.newmont.com 24 November 14, 2012
  • 25. Q3 and YTD Financial Results Q3 2011 Q3 2012 YTD 2011 YTD 2012 Revenue ($M) $2,744 $2,480 $7,593 $7,392 Net Income from Continuing Operations ($M) $493 $400 $1,530 $1,240 Net Income from Continuing Operations $1.00 $0.81 $3.10 $2.50 per Share Adjusted Net Income ($M)11 $635 $426 $1,593 $1,298 Adjusted Net Income per Share12 $1.29 $0.86 $3.23 $2.62 Cash from Continuing Operations ($M) $1,263 $578 $2,666 $1,542 Dividends per share $0.35 $0.35 $0.60 $1.05 Newmont Mining Corporation | Dahlman Rose | www.newmont.com 25 November 14, 2012
  • 26. Q3 and YTD Financial Results Operating Cash Flow $1,400 $230 Cash Flow from Continuing Operations ($million) $1,200 $1,263 $150 $1,000 $1,033 $108 $883 $800 $80 $775 $59 $58 $695 $600 $636 $578 $578 $400 $200 $0 Newmont Mining Corporation | Dahlman Rose | www.newmont.com 26 November 14, 2012
  • 27. Q3 and YTD Operating Results Q3 2011 Q3 2012 YTD 2011 YTD 2012 Attributable Gold Production (Moz) 1.3 1.2 3.88 3.73 Attributable Copper Production (Mlbs) 58 38 159 103 Attributable Gold Sales (Moz) 1.24 1.19 3.73 3.58 Attributable Copper Sales (Mlbs) 51 37 154 102 Average Realized Gold Price13($/oz) $1,695 1,660 $1,526 $1,649 Average Realized Copper Price ($/lb) $2.94 $3.55 $3.58 $3.51 Gold CAS ($/oz) $622 $693 $587 $664 Copper CAS ($/lb) $1.10 $2.38 $1.17 $2.23 Gold Operating Margin ($/oz)14 $1,073 $967 $939 $985 Copper Operating Margin ($/lb)15 $1.84 $1.17 $2.41 $1.28 Newmont Mining Corporation | Dahlman Rose | www.newmont.com 27 November 14, 2012
  • 28. Gold CAS - Q3 2011 vs.Q3 2012 $800 $750 $3 $26 $8 $700 $40 $688 $693 $693 $650 $662 CAS ($/oz) $622 $622 $600 $550 $500 $450 $400 Newmont Mining Corporation | Dahlman Rose | www.newmont.com 28 November 14, 2012 Newmont Mining Corporation – Strictly Confidential
  • 29. Reconciliation – Adjusted Net Income to GAAP Net Income Non-GAAP Financial Measures Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by Generally Accepted Accounting Principles (“GAAP”). These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Reconciliation of Adjusted Net Income to GAAP Net Income Management uses the non-GAAP financial measure Adjusted net income to evaluate the Company’s operating performance, and for planning and forecasting future business operations. The Company believes the use of Adjusted net income allows investors and analysts to compare the results of the continuing operations of the Company and its direct and indirect subsidiaries relating to the production and sale of minerals to similar operating results of other mining companies, by excluding exceptional or unusual items, income or loss from discontinued operations and the permanent impairment of assets, including marketable securities and goodwill. Management’s determination of the components of Adjusted net income are evaluated periodically and based, in part, on a review of non-GAAP financial measures used by mining industry analysts. Net income attributable to Newmont stockholders is reconciled to Adjusted net income as follows: Three Months Ended September 30, Nine Months Ended September 30, 2012 2011 2012 2011 Net income attributable to Newmont stockholders $ 367 $ 493 $ 1,136 $ 1,394 Loss from discontinued operations 33 - 104 136 Workforce reduction 20 - 20 - Impairments/asset sales, net 6 142 30 110 Boddington contingent consideration - - 8 - Fronteer acquisition costs - - - 18 Income tax benefit from internal restructuring - - - (65) Adjusted net income $ 426 $ 635 $ 1,298 $ 1,593 Adjusted net income per share, basic $ 0.86 $ 1.29 $ 2.62 $ 3.23 Adjusted net income per share, diluted $ 0.85 $ 1.26 $ 1.14 $ 3.17 Newmont Mining Corporation | Dahlman Rose | www.newmont.com 29 November 14, 2012
  • 30. Endnotes Investors 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 of the Company’s most recent Form 10-K, filed with the SEC on February 24, 2012. 1. 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 November 1, 2012 and are 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. Note that regional guidance figures provided are attributable production, consolidated CAS and attributable capital expenditures. 2. The figures shown in the 2012 bar chart are the median of 2012 Outlook projections. See Note 8 below. 3. Total shareholder return time periods calculated as of 2011 fiscal year-end; Senior Gold includes: KGC, ABX, AEM, GG, ANG, & GFI. 4. 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. 5. Current drill results and drill mineralization are not necessarily indicative to future results. No assurances can be made that such drill results will be converted into NRM or Reserves in the future given the risk and uncertainty inherent to the exploration process. 6. In January 2011, Fronteer Gold released an interim resource estimate for Long Canyon, which reported Measured and Indicated resources of approximately 0.071 and 1.324 million gold ounces, respectively, and an additional Inferred resource of approximately 0.8 million gold ounces. U.S. investors are cautioned that Fronteer Gold provided its public disclosures at the time of . acquisition in the terms of "Measured resources", “Indicated resources” and "Inferred resource.” While these terms are recognized and required by Canadian regulations, these terms are not defined terms under the SEC’s Industry Guide 7. U.S. Investors are cautioned not to assume that any part or all of mineral deposits in the "Measured resources” and “Indicated resources" categories will ever be converted into Reserves. Additionally, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred resources may not form the basis of a feasibility study or prefeasibility studies, except in rare cases. Accordingly, U.S. Investors are cautioned not to assume that any part or all of an Inferred resource exists or is economically or legally minable. No ounces are currently in the Company’s Reserves or NRM for Long Canyon. 7. Merian figures shown are representative of Newmont’s 100% ownership interest subject to ongoing negotiations with the Surinamese government. 8. Production, CAS, and Capex estimates based upon management’s good faith belief as of May 23, 2012. Subject to change based upon Newmont’s ongoing planning and budgeting process and assumptions. 9. NRM estimates as of fiscal 2011 year-end. No ounces currently in reserves. 10. Subject to permitting and other factors as described in the Company’s 2011 Annual Report on Form 10-K under the heading “Risk Factors.” 11. Refer to slide 29 for reconciliation to GAAP net income attributable to Newmont stockholders. 12. Refer to slide 29 for reconciliation to GAAP net income attributable to Newmont stockholders. 13. Average realized gold price is determined for each preceding quarter net of applicable treatment and refining costs incurred during the quarter and provisional pricing mark-to-market adjustments, if any. 14. Gold operating margin calculated as average realized gold price per ounce, less gold cost applicable to sales per ounce. 15. Copper operating margin calculated as average realized copper price per pound, less copper cost applicable to sales per pound. Newmont Mining Corporation | Dahlman Rose | www.newmont.com 30 November 14, 2012