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Octavo Symposium

         May 20, 2008
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 mineral production and sales; (ii) estimates of future costs
applicable to sales, other expenses and taxes for specific operations, and on a consolidated basis; (iii)
estimates of future capital expenditures, construction, production, or closure activities; and (iv) statements
regarding potential cost savings, productivity, operating performance, 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 2007 Annual Report on Form 10-K, filed on February 21, 2008, 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.

Explanation of Non-GAAP Measures and Certain Metrics
This presentation contains the non-GAAP financial measure adjusted net income and a reconciliation of
adjusted net income to net income calculated in accordance with GAAP. Adjusted net income is not, and
should not, be used in isolation or as an alternative to GAAP net income as reflected in the Company's
consolidated financial statements. For further information concerning the use of adjusted net income by the
Company and analysts, see the 2008 Earnings Release on Form 8-K furnished by the Company to the
Securities and Exchange Commission on or about April 24, 2008, and the Company's other SEC reports.
                                                                                                             2
May 20, 2008
Safety is First in
 Everything We Do
                                                       Overall Safety Ranking
          5

         4.5

          4

         3.5

          3

         2.5

          2

         1.5

          1

         0.5

          0




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               Tied for 1st place with a 4.5 Overall Safety Ranking

                      Source: Citibank’s “Towards Sustainable Mining 2” – November 28, 2007                            3
 May 20, 2008
Newmont’s Gold District
Over 43 Million Acres of Land World-wide
Two World-Class Deposits in Peru
                 Hope Bay




                                 Nevada

                                          La Herradura
Conga - Project (51.35%)
•JV with Buenaventura                              Ahafo
•Advanced Stage 3 evaluation                       Akyem
•2007 equity reserves:
                                                                    Batu Hijau
  6.1m ounces of gold
  1.7b pounds of copper                                                                      Tanami
                                                                           Jundee
                                                 Kori Kollo
                                                                   Boddington
        Yanacocha (51.35%)                                              Kalgoorlie
        •JV with Buenaventura                                                        Waihi
        •2008 equity guidance:
          885k – 925k ounces
                                                              Operations
          $370 – $390/oz CAS
                                                              Major Projects
                                                                                             4
May 20, 2008
Bull Market for Gold

      Global inflation is rising
      Current account deficit    declining dollar value
      Real gold price remains low
      Gold ETFs driving investment demand

                                                                                           $1,050

                                                   Spot Gold Price
                                                                                           $900


                                                                                           $750


                                                                                           $600


                                                                                           $450


                                                                                           $300




                      Source: Newmont, Dundee Wealth Economics, “Chart Book; April 2008”            5
May 20, 2008
Real Gold Price Remains Low




                              6
May 20, 2008
Lower Production and Higher Costs
Worldwide

                                 2,700                                                                        $450
                                                                          Global Production
                                                                                                       $395 $400
                                                                          Industry Average Costs
                                              2,645
                                 2,650
                                                                                                              $350
    Global Production (tonnes)




                                                                                                                     Total Cash Costs ($/oz)
                                 2,600
                                                                                                              $300

                                 2,550                                                                        $250

                                                                                                              $200
                                             $176
                                 2,500                                                                2,476
                                                                                                              $150
                                 2,450
                                                                                                              $100
                                 2,400
                                                                                                              $50

                                 2,350                                                                       $0
                                      2001                2002   2003   2004       2005        2006       2007


                                                                                                                          7
May 20, 2008                             * Source: GFMS
Worldwide Exploration Budgets
1998-2007 (US $million)




                                8
May 20, 2008
Margin Expansion?

   $800

                                                                                      $697
   $700

                                                                   $599
   $600
                                                                                      $308
   $500
                                                $441
                               $412                                  $311
               $366
   $400
                                                 $209
                               $196
   $300
               $171

   $200                                                                               $389
                                                                     $288
                                                 $232
                               $216
   $100        $195


     $0
               2003            2004              2005                2006             2007

                      CAS/oz   Operating Margin/oz      Average Realized Gold Price
                                                                                             9
May 20, 2008
Gaining Market Momentum with
Resolution and Execution
      Eliminate hedge book
      Divest non-core royalty assets
      Focus on reserve growth—Miramar acquisition
      Nevada power plant start-up
      Renewed focus on cost containment and capital discipline
      Yanacocha gold mill commissioning




                                                            10
May 20, 2008
Quarterly Margin Expansion
               Margin growth from cost containment and unhedged production
               75% margin expansion from Q3 2007 on 37% rise in gold price
 $1,000
                                                                                             $933
  $900
                                                                           $785
  $800
                                                      $681
                                   $665
  $700          $649
                                                                                             $537
  $600
                                                                            $419
                                    $248
                 $245                                  $307
  $500

  $400

  $300

                                    $417
                 $404
  $200                                                                                       $396
                                                       $374                 $366

  $100

    $0
                Q1 2007            Q2 2007            Q3 2007              Q4 2007          Q1 2008

                          CAS/oz     Operating Margin/oz      Average Realized Gold Price             11
May 20, 2008
Industry Leading Performance

 San Jose Reservoir
    San Jose Reservoir inaugurated in May 2008
    Capacity of 6 million cubic meters
    Only half its capacity relates to mitigation
    $25 million investment
                                                         San Jose Reservoir


  ISO 14001
     Minera Yanacocha first major mining project in Peru to receive
     ISO 14001 certification for its entire operation
     In order to maintain the certification, Yanacocha will be:
        – Audited four times over the next two years; and,
        – Expected to cooperate with regular environmental inspections scheduled
          by Osinergmin.
                                                                               12
May 20, 2008
Advanced Projects Update
     Hope Bay, Canada – Stage 2            Conga, Peru – Stage 3              Akyem, Ghana – Stage 2




                                     Equity reserves: 6.1m ounces of    Equity reserves: 7.7m ounces of
 New 80km x 20km greenstone
                                     gold and 1.7b pounds of copper     gold
 belt with significant exploration
 potential
                                     Advanced Stage 3 evaluation        Ghanaian EPA accepted submittal
 AAA-rated country                                                      of revised draft Environmental
                                     Permitting and community           Impact Study - April 23, 2008
 Completed acquisition of Miramar
                                     relations continuing
 in March 2008
                                                                        Permitting continuing
                                     Gate 3 decision expected in 2008
 Q1 mobilized for camp
 infrastructure and 2008 drilling                                       Gate 2 decision expected in 2008

                                                                                                       13
May 20, 2008
Increasing Shareholder Value
Through Focus and Execution

A New Day Dawning
   World’s largest unhedged gold producer
   Aggressively managing costs
   Providing significant leverage to the
   gold price
   Three consecutive quarters of strong
   operating and financial performance
   Dow Jones Sustainability Index – World

Building Momentum while Building for the Future of Newmont
• Strong project pipeline: four World-Class gold projects
• Extensive portfolio of high-value investments
• Politically diversified production from five continents
                                                             14
May 20, 2008
Octavo Symposium

         May 20, 2008

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newmont mining Octavo_Symposium_Final_5_15_08

  • 1. Octavo Symposium May 20, 2008
  • 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 mineral production and sales; (ii) estimates of future costs applicable to sales, other expenses and taxes for specific operations, and on a consolidated basis; (iii) estimates of future capital expenditures, construction, production, or closure activities; and (iv) statements regarding potential cost savings, productivity, operating performance, 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 2007 Annual Report on Form 10-K, filed on February 21, 2008, 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. Explanation of Non-GAAP Measures and Certain Metrics This presentation contains the non-GAAP financial measure adjusted net income and a reconciliation of adjusted net income to net income calculated in accordance with GAAP. Adjusted net income is not, and should not, be used in isolation or as an alternative to GAAP net income as reflected in the Company's consolidated financial statements. For further information concerning the use of adjusted net income by the Company and analysts, see the 2008 Earnings Release on Form 8-K furnished by the Company to the Securities and Exchange Commission on or about April 24, 2008, and the Company's other SEC reports. 2 May 20, 2008
  • 3. Safety is First in Everything We Do Overall Safety Ranking 5 4.5 4 3.5 3 2.5 2 1.5 1 0.5 0 sk um d t s a lo ur ac to k co t x in rt ds s ba o r ka ta a es on hi ol at iu ric fe at br po an ng nm n te oril th an In el Ilu um Li cr ar nt G tr ni pl A m am ar ar xi ee Fi A Xs nd lo Zi qu ua ew Im Lo ew N B K O ng Fr rH d Ve Q A N N ol M A t G rs Pe Fi Tied for 1st place with a 4.5 Overall Safety Ranking Source: Citibank’s “Towards Sustainable Mining 2” – November 28, 2007 3 May 20, 2008
  • 4. Newmont’s Gold District Over 43 Million Acres of Land World-wide Two World-Class Deposits in Peru Hope Bay Nevada La Herradura Conga - Project (51.35%) •JV with Buenaventura Ahafo •Advanced Stage 3 evaluation Akyem •2007 equity reserves: Batu Hijau 6.1m ounces of gold 1.7b pounds of copper Tanami Jundee Kori Kollo Boddington Yanacocha (51.35%) Kalgoorlie •JV with Buenaventura Waihi •2008 equity guidance: 885k – 925k ounces Operations $370 – $390/oz CAS Major Projects 4 May 20, 2008
  • 5. Bull Market for Gold Global inflation is rising Current account deficit declining dollar value Real gold price remains low Gold ETFs driving investment demand $1,050 Spot Gold Price $900 $750 $600 $450 $300 Source: Newmont, Dundee Wealth Economics, “Chart Book; April 2008” 5 May 20, 2008
  • 6. Real Gold Price Remains Low 6 May 20, 2008
  • 7. Lower Production and Higher Costs Worldwide 2,700 $450 Global Production $395 $400 Industry Average Costs 2,645 2,650 $350 Global Production (tonnes) Total Cash Costs ($/oz) 2,600 $300 2,550 $250 $200 $176 2,500 2,476 $150 2,450 $100 2,400 $50 2,350 $0 2001 2002 2003 2004 2005 2006 2007 7 May 20, 2008 * Source: GFMS
  • 8. Worldwide Exploration Budgets 1998-2007 (US $million) 8 May 20, 2008
  • 9. Margin Expansion? $800 $697 $700 $599 $600 $308 $500 $441 $412 $311 $366 $400 $209 $196 $300 $171 $200 $389 $288 $232 $216 $100 $195 $0 2003 2004 2005 2006 2007 CAS/oz Operating Margin/oz Average Realized Gold Price 9 May 20, 2008
  • 10. Gaining Market Momentum with Resolution and Execution Eliminate hedge book Divest non-core royalty assets Focus on reserve growth—Miramar acquisition Nevada power plant start-up Renewed focus on cost containment and capital discipline Yanacocha gold mill commissioning 10 May 20, 2008
  • 11. Quarterly Margin Expansion Margin growth from cost containment and unhedged production 75% margin expansion from Q3 2007 on 37% rise in gold price $1,000 $933 $900 $785 $800 $681 $665 $700 $649 $537 $600 $419 $248 $245 $307 $500 $400 $300 $417 $404 $200 $396 $374 $366 $100 $0 Q1 2007 Q2 2007 Q3 2007 Q4 2007 Q1 2008 CAS/oz Operating Margin/oz Average Realized Gold Price 11 May 20, 2008
  • 12. Industry Leading Performance San Jose Reservoir San Jose Reservoir inaugurated in May 2008 Capacity of 6 million cubic meters Only half its capacity relates to mitigation $25 million investment San Jose Reservoir ISO 14001 Minera Yanacocha first major mining project in Peru to receive ISO 14001 certification for its entire operation In order to maintain the certification, Yanacocha will be: – Audited four times over the next two years; and, – Expected to cooperate with regular environmental inspections scheduled by Osinergmin. 12 May 20, 2008
  • 13. Advanced Projects Update Hope Bay, Canada – Stage 2 Conga, Peru – Stage 3 Akyem, Ghana – Stage 2 Equity reserves: 6.1m ounces of Equity reserves: 7.7m ounces of New 80km x 20km greenstone gold and 1.7b pounds of copper gold belt with significant exploration potential Advanced Stage 3 evaluation Ghanaian EPA accepted submittal AAA-rated country of revised draft Environmental Permitting and community Impact Study - April 23, 2008 Completed acquisition of Miramar relations continuing in March 2008 Permitting continuing Gate 3 decision expected in 2008 Q1 mobilized for camp infrastructure and 2008 drilling Gate 2 decision expected in 2008 13 May 20, 2008
  • 14. Increasing Shareholder Value Through Focus and Execution A New Day Dawning World’s largest unhedged gold producer Aggressively managing costs Providing significant leverage to the gold price Three consecutive quarters of strong operating and financial performance Dow Jones Sustainability Index – World Building Momentum while Building for the Future of Newmont • Strong project pipeline: four World-Class gold projects • Extensive portfolio of high-value investments • Politically diversified production from five continents 14 May 20, 2008
  • 15. Octavo Symposium May 20, 2008