Goldman Sachs hosted a basic materials conference in New York on May 16, 2007. Newmont Mining Corporation presented at the conference, providing an overview of its global mining portfolio and 2007 production and cost guidance for its operations. Newmont outlined opportunities and challenges for its mines in Nevada, Peru, Australia, Indonesia, and Ghana. It also discussed exploration spending, future development prospects, and reasons for its position as the gold company of choice.

1. Goldman Sachs
Basic Materials
Conference
New York, New York
May 16, 2007

2. Cautionary Statement
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, that are intended to be covered by the safe
harbor created by such sections. Such forward-looking statements include, without limitation, (i) estimates of future gold
and copper production and sales; (ii) estimates of future costs applicable to sales; (iii) estimates of future capital
expenditures, royalty and dividend income, tax rates and expenses; (iv) estimates regarding timing of future development,
construction, production or closure activities; (v) statements regarding future exploration results and the replacement of
reserves; and (vi) statements regarding cost structure and competitive position. Where the Company expresses or implies
an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to
have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which
could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking
statements. Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased
production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational
risks in the countries in which we operate, and governmental regulation and judicial outcomes. For a more detailed
discussion of such risks and other factors, see the Company’s 2006 Annual Report on Form 10-K, filed February 26, 2007
which is on file with the Securities and Exchange Commission, as well as the Company’s other SEC filings. The Company
does not undertake any obligation to release publicly revisions to any “forward-looking statement,” to reflect events or
circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be
required under applicable securities laws.
May 16, 2007 Slide 2

3. Newmont Portfolio
Nevada
Ghana
Peru Australia, New Zealand,
and Indonesia
• 5.9 Million Equity Gold Ounces Sold in 2006 from 11 Mine-sites Globally
• Over 29 Million Acres of Land in the World’s Best Gold Districts
May 16, 2007 Slide 3

4. Newmont’s Reserve Growth
Track Record & Discovery Cycles
100 Ghana
29 Million Acres in
World Class Gold Districts Australia
80
South
America
60
Central Asia &
Indonesia
North
40
America
20
0
1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005
May 16, 2007 Slide 4

5. Gold Industry - Declining Production
8.0
2,700
Mine Production
7.6
NEM Equity Production (oz mm)
Global Production (tonnes)
7.5
Pre-Merger NEM Equity Production (oz/mm)
(5.5 mm ozs)
7.0
2,600
6.5
6.0
2,500
5.9
5.5
5.0
2,400
2001 2002 2003 2004 2005 2006
Source: GFMS
May 16, 2007 Slide 5

6. 2007 Equity Gold Sales Guidance
2006 Actual - Equity Gold Sales
2006 Actual to 2007 Guidance* Equity Gold Sales Variance
Other
Ghana 6%
6.5 3%
Batu Hijau
4%
Nevada
41%
0.02
0.23 Yanacocha
23%
0.01
0.06 0.57
6.0
5.88
Ounces (million)
0.11
Australia/New
Zealand
23%
2007 Guidance* - Equity Gold Sales
5.5 Ghana
5.38 8%
Batu Hijau
5%
Yanacocha
15% Nevada
47%
5.0
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May 16, 2007 Slide 6
Zealand
* 2007 number based on mid-point of guidance 25%

7. Newmont’s Operating Cost Profile
Newmont operating costs below industry average (2003 – 2006)
$500
$450
$400
$317
$350
CAS ($/oz)
*
CAGR
$300
12%
try =
Indus
$250
$304
$176
$200
CAGR
%
t = 11
wmon
$150 Ne
$182
$100
2001 2002 2003 2004 2005 2006
GFMS (Industry Avg) Newmont
May 16, 2007 Slide 7
* Industry Cost based on 2007 Gold Survey - GFMS

8. 2007 Cost Applicable to Sales
2006 Actual = $304/oz vs. Industry Average of $317/oz
Approximately $100/oz equivalent from Batu Hijau copper revenue*
Approximately $15 - $20/oz impact from change in deferred stripping*
Change by Region
% Increase by Cost Drivers
$600
Diesel & 2007 Guidance CAS*
Others
Electricity 3%
2006 CAS
5%
$500
Consumbles
5%
$400
Labor &
Contract $300
Services
15%
$200
Production
72% $100
$0
Ahafo Australia/New Nevada Yanacocha Batu Hijau
Zealand
May 16, 2007 *2007 outlook based at mid-point; 2007 copper revenue outlook at $3.00/lb; and Slide 8
Q1 2007 deferred stripping impact.

9. Extractive Industry
Capital Inflation
95%
75%
Labor +77%
55% Steel +57%
Plants +45%
35%
Equipment
+29%
15%
-5%
2002 2003 2004 2005 2006
Structural Steel Labor Total Process Plant All Mining Equipment
May 16, 2007 Slide 9

10. Newmont’s Capital
Expenditures
$2,000
Sustaining Capital New Project Capital
Capital ($ Millions)
$1,500
$1,000
$500
$0
2002 2003 2004 2005 2006 2007F
Leeville
Ahafo
Phoenix
Boddington
Power Plant
MY Gold Mill
Going Forward - Capital Effectiveness through Stage Gate process
May 16, 2007 Slide 10

11. Nevada
Opportunities
Steady state production from Leeville;
Carlin and Twin Creeks performing in line with plans;
Further anticipated reductions in contracted service costs;
Planned savings from power plant and fleet reinvestment.
Challenges
$11/ounce Q1 cost impact from Phoenix challenges;
Ongoing labor and energy cost pressures.
2007 Q1 Q1
NEVADA Outlook 2007 2006
Consolidated gold sales (000 ounces) 2,350 - 2,550 560 535
Equity gold sales (000 ounces) 2,350 - 2,550 560 489
Costs applicable to sales ($/ounce) $375 - $400 $493 $395
May 16, 2007 Slide 11

12. Peru
Opportunities
Increasing recoveries from La Quinua and Carachugo;
Increasing ore placement on leach pads in second half of year;
Improving recoveries with 2008 completion of gold mill;
Optimizing development plans for Conga;
Yanacocha sulfides provide future potential upside.
Challenges
Negotiating a three-year extension with labor union;
Lower potential ore grades.
2007 Q1 Q1
YANACOCHA Outlook 2007 2006
Consolidated gold sales (000 ounces) 1,500 – 1,600 455 770
Equity gold sales (000 ounces) 775 – 825 234 395
Costs applicable to sales ($/ounce) $340 - $360 $310 $161
May 16, 2007 Slide 12

13. Australia/New Zealand
Opportunities
Upside production and exploration potential from the Tanami mine;
Increasing throughput at Martha;
Upside potential for the year at Pajingo;
Boddington project remains on schedule.
Challenges
Approximately $5-$6/ounce for every $0.01 change in the A$ exchange rate;
Mature underground and open pit mines;
Recruiting and retention of experienced labor.
2007 Q1 Q1
AUSTRALIA/NEW ZEALAND Outlook 2007 2006
Consolidated gold sales (000 ounces) 1,275 – 1,325 332 333
Equity gold sales (000 ounces) 1,275 – 1,325 332 333
Costs applicable to sales ($/ounce) $445 - $470 $519 $384
May 16, 2007 Slide 13

14. Indonesia
Opportunities
Un-hedged copper exposure;
Second half of the year benefits from current stripping campaign;
Planned lower waste to ore ratios for the remainder of 2007, with a 6:1 ratio for the year;
Higher grade and throughput opportunities.
Challenges
$7/ounce Q1 cost impact from the first quarter stripping campaign;
Harder ore and higher waste removal costs during first half of the year;
Ongoing divestiture requirements.
2007 Q1 Q1
Batu Hijau Outlook 2007 2006
Consolidated copper sales (M lbs) 395 – 435 91 81
Equity copper sales (M lbs) 210 – 230 48 43
Costs applicable to sales ($/lb Cu) $1.10 - $1.20 $1.40 $0.81
Average realized copper price $2.74 $2.08
Consolidated gold sales (000 ozs) 435 - 475 84 73
Equity gold sales (000 ozs) 230 – 250 45 39
Costs applicable to sales ($/oz Au) $225 - $240 $330 $208
May 16, 2007 Slide 14

15. Ghana
Opportunities
25% share in 80 mega-watt power plant;
Higher mill ore grade potential;
Ramping up to steady state mine rates;
Continued evaluation of the Akyem project and Ahafo expansion opportunities.
Challenges
Potential for higher power costs.
Ahafo 2007 Q1 Q1
Outlook 2007 2006
Consolidated gold sales (000 ozs) 410 – 450 125 -
Equity gold sales (000 ozs) 410 – 450 125 -
Costs applicable to sales ($/oz) $460 - $500 $341 -
May 16, 2007 Slide 15

16. Exploration Spending and Outlook
2007 Outlook = $170 - $175 million
2007 Budget by Location
2007 Budget by Program
Diamonds 9%
Opportunity Fund North America
& Support 21% 24%
Opportunity
Fund 9%
Tech Support/
West Africa 10% Management 9% Near Mine
54%
China/SE Asia 2% Australia 14%
Other Turkey 2%
Greenfields
20%
South America 28%
Q1 Q1
Exploration Spending 2007 2006
Total Exploration $40 $33
Near-mine $21 $22
Greenfield $10 $8
Other $9 $3
May 16, 2007 Slide 16

17. Future Prospects
Akyem Mine, Ghana
Deferred pending permitting, optimization and feasibility study
Additional exploration drilling data underway
Development decision expected by end of 2007
Conga Mine, Peru
Large Copper and Gold Deposit
Initial production expected after 2010
Ahafo Expansion, Ghana
Subika Underground
Possible Second Mill
Yanacocha Gold mill & Sulfides
Potential for Large Gold & Copper district
Ongoing metallurgical studies
May 16, 2007 Slide 17

18. The Gold Company Of Choice
For A Gold Bull Market
Remain on Track for Anticipated Gold and Copper Sales
Addressing Operating Cost Challenges at Phoenix and Australia
Building New Mines with Strong Exploration Potential
Balanced Global Portfolio
Strong, Liquid Balance Sheet
Institutional Quality Investment
“No Gold Hedging” Philosophy
May 16, 2007 Slide 18

19. Goldman Sachs
Basic Materials
Conference
New York, New York
May 16, 2007

20. Appendix - Phoenix Overview
Lower Mill Recovery and Grade Challenges
Optimization efforts to improve simultaneous gold and copper recoveries
Evaluating mine plan sequencing to optimize metal production
Mill Throughput Challenges
More complex ores than anticipated in some zones
• Drill and blast improvement programs
• Crusher feed optimization efforts
• Optimizing replacement crusher plans
• Blending hard and soft ores to maximize throughput
Phoenix Upside Potential
8.0 million ounces gold;770 million pounds copper in reserves
Exploration targets exist with potential for expanding the Phoenix pit;
Production opportunities from copper oxide material, with potential to add an oxide
leach pad once permitted
May 16, 2007 Slide 20

21. Appendix –
Ghanaian Power Plant
Long-term solution
80 mega-watt power plant under construction;
25% share in power supplied;
Proportionate distribution of power from the grid;
Plant to supply one-third of Ahafo power needs
Power plant construction
Majority of equipment received;
Remaining critical equipment expected mid-year;
Completion expected during second half
May 16, 2007 Slide 21

22. Appendix - Q1
Merchant Banking Results
Royalty and Dividend Income
FY2006 Record $120 million (+52% over 2005)
Q1 Royalty and Other Income: $31 million
Equity Portfolio and Investment Growth
Market value of marketable securities portfolio:
$1.40 billion at Year-end 2006;
$1.28 billion at end of Q1 2007
Alberta Heavy Oil Investment: $20 million investment $280 million sale proceeds
Canadian Oil Sands Trust: $268 million investment $800 million market value
Value Creation Investments
Iron Ore
Coal
Arctic Gas
Gold Refineries
May 16, 2007 Slide 22