Newmont Increases Gold Reserves to 99.2 Million Ounces and Reports Copper Reserves at 9.5 Billion Pounds

2012 Reserves (CNW Group/Newmont Mining Corporation)

Actual and Budget (CNW Group/Newmont Mining Corporation)

Newmont also Added New Reserves at Merian and New Resources at Long Canyon

DENVER, Feb. 21, 2013 /CNW/ - Newmont Mining Corporation (NYSE: NEM) ("Newmont" or "the Company") today announced it increased attributable gold reserves by 0.4 million ounces, net of depletion, to 99.2 million ounces in 2012. Highlights include:

  • Gold reserves of 99.2 million ounces;
  • Copper reserves of 9.5 billion pounds;
  • The addition of 2.9 million ounces of gold reserves at the Merian project in Suriname; and
  • The addition of 2.6 million ounces of gold inferred resources at the Long Canyon project in Nevada.

"We are pleased to announce 6.6 million ounces of gold reserve additions in 2012 at higher grades than depleted, with 2.9 million ounces of new reserves declared at Merian in Suriname," said Gary Goldberg, President and Chief Operating Officer. "We also declared 2.6 million ounces of gold inferred resource at Long Canyon in Nevada," Goldberg added.

Gold and copper reserves1 were calculated at $1,400 per ounce, and $3.25 per pound, respectively. A $100 increase in gold price would result in an approximate 2.8% increase in gold reserves while a $100 decrease in gold price would result in an approximate 7.6% decrease in gold reserves. Gold and copper price related reserve additions accounted for 1.5 million ounces of gold and approximately 0.1 billion pounds of copper in 2012, as highlighted in the following charts.

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

(Photo: http://photos.prnewswire.com/prnh/20130221/LA64354-INFO-a)

Attributable measured and indicated gold resources for 2012 were 22.3 million ounces. In addition, attributable inferred gold resources were 17.9 million ounces. Attributable measured and indicated copper resources for 2012 were 2.2 billion pounds. In addition, attributable inferred copper resources were 970 million pounds. Gold and copper resources were calculated using prices of $1,600 per ounce and $3.50 per pound, respectively.

Attributable proven and probable silver reserves for 2012 were 186 million ounces. Attributable measured and indicated silver resources for 2012 were 53 million ounces, with additional inferred silver resources of 35 million ounces. Silver reserves and resources were calculated using prices of $30 and $35 per ounce, respectively.

Exploration: 2013 Planned Activity
Newmont's 2013 attributable exploration budget is $249 million, with over 40% allocated to North America, and the balance split between Asia Pacific, Africa, South America, and other strategic programs, as shown in the chart below. Of the total attributable exploration budget, approximately three quarters is expected to be focused on brownfields exploration activity, with the balance targeted on greenfields programs.

(Photo: http://photos.prnewswire.com/prnh/20130221/LA64354-INFO-b)

22013 Opportunity Fund budget to be allocated regionally to the highest ranking projects identified throughout the course of the year, consistent with prior year practice.

Reserve and Resource Tables
Proven and Probable reserves are based on extensive drilling, sampling, mine modeling and metallurgical testing from which we determined economic feasibility. Metal price assumptions follow SEC guidance not to exceed a three year trailing average. The price sensitivity of reserves depends upon several factors including grade, metallurgical recovery, operating cost, waste-to-ore ratio and ore type. Metallurgical recovery rates vary depending on the metallurgical properties of each deposit and the production process used. The reserve tables included in this release list the average metallurgical recovery rate for each deposit, which takes into account the relevant processing methods. The cut-off grade, or lowest grade of mineralized material considered economic to process, varies with material type, price, metallurgical recoveries, operating costs and co- or by-product credits. The Proven and Probable reserve figures presented herein are estimates based on information available at the time of calculation. No assurance can be given that the indicated levels of recovery of gold and copper will be realized. Ounces of gold and silver or pounds of copper included in the proven and probable reserves are calculated without regard to any losses during metallurgical treatment. Reserve estimates may require revision based on actual production. Market fluctuations in the price of gold and copper, as well as increased production costs or reduced metallurgical recovery rates, could render certain proven and probable reserves containing relatively lower grades of mineralization uneconomic to exploit and might result in a reduction of reserves.

The Measured, Indicated, and Inferred resource figures presented herein are estimates based on information available at the time of calculation and are exclusive of reserves. A 'Mineral Resource' is a concentration or occurrence of solid material of economic interest in or on the Earth's crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories. Ounces of gold and silver or pounds of copper included in the Measured, Indicated and Inferred resources are calculated without regard to any losses during metallurgical treatment. Market fluctuations in the price of gold and copper, as well as increased production costs or reduced metallurgical recovery rates, could change future estimates of resources.

We publish reserves and resources annually, and will recalculate reserves and resources at December 31, 2013, taking into account metal prices, changes, if any, in future production and capital costs, divestments and depletion as well as any acquisitions and additions during 2013.

Attributable Proven, Probable, and Combined Gold Reserves(1),U.S Units

December 31, 2012

December 31, 2011

Deposits/Districts by Reporting Unit


Proven Reserves

Probable Reserves

Proven and Probable Reserves

Metallurgical Recovery

Proven + Probable Reserves

Newmont Share

Tonnage

Grade

Gold

Tonnage

Grade

Gold

Tonnage

Grade

Gold


Tonnage

Grade

Gold


(x1000 tons)

(oz/ton)

(x1000 ozs)

(x1000 tons)

(oz/ton)

(x1000 ozs)

(x1000 tons)

(oz/ton)

(x1000 ozs)


(x1000 tons)

(oz/ton)

(x1000 ozs)

North America
















Carlin Open Pits, Nevada

100%

82,100

0.059

4,810

231,100

0.030

6,840

313,200

0.037

11,650

74%

331,700

0.038

12,620


Carlin Underground, Nevada

100%

14,500

0.252

3,650

9,000

0.285

2,580

23,500

0.265

6,230

86%

18,000

0.282

5,090


Midas, Nevada

100%

200

0.191

30

400

0.055

20

600

0.095

50

90%

800

0.226

160


Phoenix, Nevada

100%

22,700

0.019

440

417,200

0.017

6,990

439,900

0.017

7,430

73%

447,100

0.016

7,250


Twin Creeks, Nevada

100%

7,100

0.101

720

51,200

0.052

2,680

58,300

0.058

3,400

80%

48,300

0.078

3,780


Turquoise Ridge, Nevada(2)

25%

2,200

0.396

860

2,900

0.370

1,080

5,100

0.381

1,940

92%

4,000

0.442

1,760


Nevada In-Process(3)

100%

25,500

0.018

450

0


0

25,500

0.018

450

64%

23,000

0.020

460


Nevada Stockpiles(4)

100%

68,900

0.055

3,830

3,400

0.026

90

72,300

0.054

3,920

75%

68,200

0.052

3,530




Total Nevada


223,200

0.066

14,790

715,200

0.028

20,280

938,400

0.037

35,070

77%

941,100

0.037

34,650


La Herradura, Mexico

44%

85,500

0.017

1,470

72,600

0.016

1,140

158,100

0.017

2,610

67%

111,400

0.021

2,330

TOTAL NORTH AMERICA


308,700

0.053

16,260

787,800

0.027

21,420

1,096,500

0.034

37,680

77%

1,052,500

0.035

36,980

South America
















Conga, Peru(5)

51.35%

0


0

303,400

0.021

6,460

303,400

0.021

6,460

75%

303,400

0.021

6,460


Yanacocha Open Pits(6)

51.35%

23,000

0.057

1,310

73,400

0.014

1,050

96,400

0.024

2,360

73%

119,900

0.030

3,570


Yanacocha In-Process(3)

51.35%

8,600

0.026

220

0


0

8,600

0.026

220

78%

15,200

0.025

390


Yanacocha Stockpiles(4)

51.35%

8,400

0.054

460

0


0

8,400

0.054

460

60%

Not Disclosed in 2011




Total Yanacocha, Peru

51.35%

40,000

0.050

1,990

73,400

0.014

1,050

113,400

0.027

3,040

72%

135,100

0.029

3,960


La Zanja, Peru(7)

46.94%

1,700

0.021

40

10,800

0.017

190

12,500

0.018

230

66%

21,400

0.016

330


Merian, Suriname(8)

80%

0


0

79,800

0.036

2,850

79,800

0.036

2,850

93%




TOTAL SOUTH AMERICA


41,700

0.048

2,030

467,400

0.023

10,550

509,100

0.025

12,580

78%

459,900

0.023

10,750

Asia Pacific
















Batu Hijau Open Pit(9)

48.5%

131,300

0.017

2,170

166,600

0.006

940

297,900

0.010

3,110

76%

323,700

0.010

3,150


Batu Hijau Stockpiles(4)(5)(9)

48.5%

0


0

140,600

0.003

440

140,600

0.003

440

70%

156,900

0.003

490




Total Batu Hijau, Indonesia

48.5%

131,300

0.017

2,170

307,200

0.004

1,380

438,500

0.008

3,550

76%

480,600

0.008

3,640


Boddington, Western Australia

100%

117,100

0.020

2,390

813,400

0.019

15,270

930,500

0.019

17,660

81%

1,053,500

0.019

19,490


Boddington Stockpiles

100%

32,000

0.017

540

31,800

0.013

400

63,800

0.015

940

81%

0


0




Total Boddington, Western Australia

100%

149,100

0.020

2,930

845,200

0.019

15,670

994,300

0.019

18,600

81%

1,053,500

0.019

19,490


Duketon, Western Australia(10)

19.75%

1,500

0.044

70

11,100

0.045

500

12,600

0.045

570

95%

10,800

0.045

490


Jundee, Western Australia

100%

2,300

0.090

210

1,600

0.188

300

3,900

0.130

510

91%

3,800

0.174

650


Kalgoorlie Open Pit and Underground

50%

11,700

0.059

690

38,700

0.056

2,180

50,400

0.057

2,870

85%

55,000

0.057

3,140


Kalgoorlie Stockpiles(4)(5)

50%

57,900

0.023

1,330

0


0

57,900

0.023

1,330

83%

53,900

0.023

1,260




Total Kalgoorlie, Western Australia

50%

69,600

0.029

2,020

38,700

0.056

2,180

108,300

0.039

4,200

84%

108,900

0.040

4,400


Tanami, Northern Territory

100%

5,000

0.174

860

8,900

0.153

1,360

13,900

0.161

2,220

95%

16,700

0.152

2,520


Waihi, New Zealand

100%

100

0.175

20

2,900

0.097

280

3,000

0.101

300

89%

3,200

0.112

360

TOTAL ASIA PACIFIC


358,900

0.023

8,280

1,215,600

0.018

21,670

1,574,500

0.019

29,950

82%

1,677,500

0.019

31,550

Africa

















Ahafo Open Pits(11)

100%

0


0

183,100

0.055

10,150

183,100

0.055

10,150

88%

194,700

0.055

10,790


Ahafo Underground(12)

100%

0

0.000

0

4,900

0.13

630

4,900

0.129

630

92%

5,900

0.112

660


Ahafo Stockpiles(4)

100%

27,200

0.030

800

0


0

27,200

0.030

800

86%

21,000

0.030

630




Total Ahafo, Ghana

100%

27,200

0.030

800

188,000

0.057

10,780

215,200

0.054

11,580

88%

221,600

0.055

12,080


Akyem, Ghana(13)

100%

300

0.097

20

144,300

0.051

7,360

144,600

0.051

7,380

88%

144,500

0.051

7,390

TOTAL AFRICA


27,500

0.030

820

332,300

0.055

18,140

359,800

0.053

18,960

88%

366,100

0.053

19,470

TOTAL NEWMONT WORLDWIDE


736,800

0.037

27,390

2,803,100

0.026

71,780

3,539,900

0.028

99,170

81%

3,556,000

0.028

98,750




















(1)

Reserves are calculated at a a gold price of US$1,400, A$1,400, or NZ$1,800 per ounce unless otherwise noted. 2011 reserves were calculated at a gold price of US$1,200, A$1,250, or NZ$1,600 per ounce unless otherwise noted. Tonnage amounts have been rounded to the nearest 100,000 unless they are less than 50,000, and gold ounces have been rounded to the nearest 10,000.

(2)

Reserve estimates provided by Barrick, the operator of the Turquoise Ridge Joint Venture.








(3)

In-process material is the material on leach pads at the end of each year from which gold remains to be recovered. In-process material reserves are reported separately where tonnage or contained ounces are greater than 5% of the total site-reported reserves and contained ounces are greater than 100,000.

(4)

Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where tonnage or contained ounces are greater than 5% of the total site-reported reserves and contained ounces are greater than 100,000.

(5)

Project is under development.









(6)

Reserves include the currently undeveloped deposit at La Quinua Sur and Marleny, which contains reserves of 0.5 million attributable ounces.




(7)

Reserves estimates were provided by Buenaventura, the operator of the La Zanja project.








(8)

Project has completed Feasibility and awaits construction decision. Percentage reflects Newmont's economic interest at the time of Reserve declaration. Mineral agreement with the Government of Suriname allows the government to purchase up to 25% interest in the project within 60 days after exploitation license is issued, which is expected in early 2013.

(9)

Percentage reflects Newmont's economic interest as of December 31, 2012.

(10)

Reserve estimates provided by Regis Resources Ltd, in which Newmont holds a 19.75% interest.








(11)

Includes undeveloped reserves at Yamfo South, Yamfo Central, Techire West, Subenso South, Subenso North, Yamfo Northeast, and Susuan totaling 3.2 million ounces.


(12)

Subika Underground project is under development.







(13)

Project is under development.










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

December 31, 2012

December 31, 2011

Deposits/Districts by Reporting Unit


Proven Reserves

Probable Reserves

Proven and Probable Reserves

Metallurgical Recovery

Proven + Probable Reserves

Newmont Share

Tonnage

Grade

Gold

Tonnage

Grade

Gold

Tonnage

Grade

Gold


Tonnage

Grade

Gold


(x1000 tonnes)

(g/tonne)

(x1000 ozs)

(x1000 tonnes)

(g/tonne)

(x1000 ozs)

(x1000 tonnes)

(g/tonne)

(x1000 ozs)


(x1000 tonnes)

(g/tonne)

(x1000 ozs)

North America
















Carlin Open Pits, Nevada

100%

74,500

2.01

4,810

209,700

1.01

6,840

284,200

1.28

11,650

74%

300,900

1.30

12,620


Carlin Underground, Nevada

100%

13,100

8.66

3,650

8,200

9.78

2,580

21,300

9.09

6,230

86%

16,400

9.66

5,090


Midas, Nevada

100%

100

6.54

30

400

1.90

20

500

3.25

50

90%

700

7.76

160


Phoenix, Nevada

100%

20,600

0.66

440

378,400

0.57

6,990

399,000

0.58

7,430

73%

405,700

0.56

7,250


Twin Creeks, Nevada

100%

6,400

3.47

720

46,500

1.79

2,680

52,900

2.00

3,400

80%

43,800

2.69

3,780


Turquoise Ridge, Nevada(2)

25%

2,000

13.59

860

2,700

12.68

1,080

4,700

13.07

1,940

92%

3,600

15.14

1,760


Nevada In-Process(3)

100%

23,200

0.61

450

0


0

23,200

0.61

450

64%

20,800

0.69

460


Nevada Stockpiles(4)

100%

62,500

1.90

3,830

3,000

0.91

90

65,500

1.86

3,920

75%

61,900

1.77

3,530




Total Nevada


202,400

2.27

14,790

648,900

0.97

20,280

851,300

1.28

35,070

77%

853,800

1.26

34,650


La Herradura, Mexico

44%

77,500

0.59

1,470

65,900

0.54

1,140

143,400

0.57

2,610

67%

101,100

0.72

2,330

TOTAL NORTH AMERICA


279,900

1.81

16,260

714,800

0.93

21,420

994,700

1.18

37,680

77%

954,900

1.20

36,980

South America
















Conga, Peru(5)

51.35%

0


0

275,200

0.73

6,460

275,200

0.73

6,460

75%

275,200

0.73

6,460


Yanacocha Open Pits(6)

51.35%

20,900

1.95

1,310

66,600

0.49

1,050

87,500

0.84

2,360

73%

108,800

1.02

3,570


Yanacocha In-Process(3)

51.35%

7,800

0.88

220

0


0

7,800

0.88

220

78%

13,800

0.87

390


Yanacocha Stockpiles(4)

51.35%

7,600

1.86

460

0


0

7,600

1.86

460

60%

Not Disclosed in 2011




Total Yanacocha, Peru

51.35%

36,300

1.70

1,990

66,600

0.49

1,050

102,900

0.92

3,040

72%

122,600

1.00

3,960


La Zanja, Peru(7)

46.94%

1,600

0.71

40

9,800

0.60

190

11,400

0.61

230

66%

19,400

0.54

330


Merian, Suriname(8)

80%

0


0

72,400

1.22

2,850

72,400

1.22

2,850

93%

0


0

TOTAL SOUTH AMERICA


37,900

1.66

2,030

424,000

0.77

10,550

461,900

0.85

12,580

78%

417,200

0.80

10,750

Asia Pacific
















Batu Hijau Open Pit(9)

48.5%

119,100

0.57

2,170

151,100

0.19

940

270,200

0.36

3,110

76%

293,600

0.33

3,150


Batu Hijau Stockpiles(5)(9)

48.5%

0


0

127,600

0.11

440

127,600

0.11

440

70%

142,400

0.11

490




Total Batu Hijau, Indonesia

48.5%

119,100

0.57

2,170

278,700

0.15

1,380

397,800

0.28

3,550

76%

436,000

0.26

3,640


Boddington, Western Australia

100%

106,200

0.70

2,390

737,900

0.64

15,270

844,100

0.65

17,660

81%

955,700

0.63

19,490


Boddington Stockpiles

100%

29,000

0.58

540

28,800

0.43

400

57,800

0.50

940

81%

Not Disclosed in 2011




Total Boddington, Western Australia

100%

135,200

0.67

2,930

766,700

0.64

15,670

901,900

0.64

18,600

81%

955,700

0.80

19,490


Duketon, Western Australia(10)

19.75%

1,400

1.51

70

10,100

1.53

500

11,500

1.53

570

95%

9,800

1.54

490


Jundee, Western Australia

100%

2,100

3.10

210

1,500

6.43

300

3,600

4.46

510

91%

3,400

5.95

650


Kalgoorlie Open Pit and Underground

50%

10,600

2.02

690

35,100

1.93

2,180

45,700

1.95

2,870

85%

49,900

1.96

3,140


Kalgoorlie Stockpiles(5)

50%

52,500

0.79

1,330

0


0

52,500

0.79

1,330

83%

48,900

0.80

1,260




Total Kalgoorlie, Western Australia

50%

63,100

1.00

2,020

35,100

1.93

2,180

98,200

1.33

4,200

84%

98,800

1.38

4,400


Tanami, Northern Territory

100%

4,500

5.97

860

8,100

5.25

1,360

12,600

5.51

2,220

95%

15,100

5.20

2,520


Waihi, New Zealand

100%

100

6.01

20

2,600

3.34

280

2,700

3.45

300

89%

2,900

3.85

360

TOTAL ASIA PACIFIC


325,500

0.79

8,280

1,102,800

0.61

21,670

1,428,300

0.65

29,950

82%

1,521,700

0.65

31,550

Africa

















Ahafo Open Pits(11)

100%

0


0

166,100

1.90

10,150

166,100

1.90

10,150

88%

176,600

1.90

10,790


Ahafo Underground(12)

100%

0


0

4,400

4.43

630

4,400

4.43

630

92%

5,300

3.82

660


Ahafo Stockpiles(4)

100%

24,700

1.01

800

0


0

24,700

1.01

800

86%

19,100

1.03

630




Total Ahafo, Ghana

100%

24,700

1.01

800

170,500

1.97

10,780

195,200

1.85

11,580

88%

201,000

1.87

12,080


Akyem, Ghana(13)

100%

200

3.33

20

130,900

1.75

7,360

131,100

1.75

7,380

88%

131,100

1.75

7,390

TOTAL AFRICA


24,900

1.03

820

301,400

1.87

18,140

326,300

1.81

18,960

88%

332,100

1.82

19,470

TOTAL NEWMONT WORLDWIDE


668,200

1.27

27,390

2,543,000

0.88

71,780

3,211,200

0.96

99,170

81%

3,225,900

0.95

98,750






















See Footnotes under Gold Reserves U.S. units table.

Attributable Gold Mineral Resources(1)(2)- December 31, 2012, U.S. Units







Gold Measured Resource

Gold Indicated Resource

Gold Measured + Indicated Resource(3)

Gold Inferred Resource

Deposits/Districts

Newmont Share

Tonnage

Grade

Au

Tonnage

Grade

Au

Tonnage

Grade

Au

Tonnage

Grade

Au

(x1000 tons)

(oz/ton)

(x1000 ozs)

(x1000 tons)

(oz/ton)

(x1000 ozs)

(x1000 tons)

(oz/ton)

(x1000 ozs)

(x1000 tons)

(oz/ton)

(x1000 ozs)

North America
















Buffalo Valley, Nevada

70%

0


0

17,900

0.018

330

17,900

0.018

330

600

0.010

10



Carlin Trend Open Pit, Nevada

100%

26,200

0.036

940

62,700

0.023

1,430

88,900

0.027

2,370

18,900

0.018

350



Carlin Trend Underground, Nevada

100%

500

0.148

70

800

0.199

170

1,300

0.180

240

4,000

0.26

1,020



Lone Tree Complex, Nevada

100%

0


0

2,200

0.023

50

2,200

0.023

50

5,000

0.016

80



Long Canyon, Nevada

100%

0


0

0


0

0


0

27,900

0.094

2,630



Midas, Nevada

100%

0

0.149

0

100

0.039

0

100

0.056

0

300

0.07

20



Phoenix, Nevada

100%

6,300

0.015

90

191,800

0.013

2,430

198,100

0.013

2,520

117,200

0.012

1,390



Sandman, Nevada

100%

0


0

1,300

0.036

50

1,300

0.036

50

1,100

0.063

70



Turquoise Ridge, Nevada(4)

25%

500

0.365

200

500

0.328

160

1,000

0.347

360

900

0.42

380



Twin Creeks, Nevada

100%

5,100

0.070

350

36,800

0.058

2,120

41,900

0.059

2,470

3,900

0.061

240



Nevada Stockpiles, Nevada (5)

100%

5,800

0.037

210

0


0

5,800

0.037

210

2,300

0.043

100




Total Nevada


44,400

0.042

1,860

314,100

0.021

6,740

358,500

0.024

8,600

182,100

0.034

6,290



La Herradura, Mexico

44%

30,600

0.020

610

39,900

0.017

670

70,500

0.018

1,280

59,400

0.016

940

Total North America


75,000

0.033

2,470

354,000

0.021

7,410

429,000

0.023

9,880

241,500

0.030

7,230

South America
















Conga, Peru

51.35%

0

0.000

0

89,300

0.012

1,030

89,300

0.012

1,030

130,500

0.011

1,480



Yanacocha, Peru

51.35%

13,000

0.040

520

24,400

0.016

400

37,400

0.025

920

93,800

0.025

2,360



La Zanja, Peru (6)

46.94%

0

0.006

0

400

0.007

0

400

0.007

0

2,800

0.017

50



Merian, Suriname

80%

0


0

4,100

0.056

230

4,100

0.056

230

30,000

0.030

910

Total South America


13,000

0.040

520

118,200

0.014

1,660

131,200

0.017

2,180

257,100

0.019

4,800

Asia Pacific
















Batu Hijau, Indonesia(7)

48.5%

8,100

0.018

150

141,300

0.007

1,040

149,400

0.008

1,190

27,600

0.002

50



Boddington, Western Australia

100%

35,500

0.015

540

225,900

0.013

3,010

261,400

0.014

3,550

15,600

0.015

240



Duketon, Western Australia(8)

19.75%

700

0.016

10

10,200

0.023

240

10,900

0.023

250

24,200

0.026

640



Jundee, Western Australia

100%

0


0

300

0.108

30

300

0.108

30

500

0.138

70



Kalgoorlie, Western Australia

50%

5,300

0.038

200

15,900

0.034

540

21,200

0.035

740

400

0.076

30



McPhilliamys, New South Wales(8)

19.75%

0


0

9,000

0.037

330

9,000

0.037

330

3,500

0.046

160



Tanami, Northern Territories

100%

900

0.129

110

2,800

0.116

330

3,700

0.119

440

7,100

0.193

1,370



Waihi, New Zealand

100%

0


0

1,800

0.267

480

1,800

0.267

480

800

0.192

150

Total Asia Pacific


50,500

0.020

1,010

407,200

0.015

6,000

457,700

0.015

7,010

79,700

0.034

2,710

Africa
















Ahafo, Ghana

100.0%

0


0

83,200

0.037

3,050

83,200

0.037

3,050

42,500

0.042

1,770




Subika Underground

100.0%

0


0

0

0.000

0

0

0.000

0

9,400

0.136

1,280



Total Ahafo

100.0%

0


0

83,200

0.037

3,050

83,200

0.037

3,050

51,900

0.059

3,050



Akyem, Ghana

100.0%

0


0

13,300

0.016

210

13,300

0.016

210

3,400

0.030

100

Total Africa


0


0

96,500

0.034

3,260

96,500

0.034

3,260

55,300

0.057

3,150

TOTAL NEWMONT WORLDWIDE

138,500

0.029

4,000

975,900

0.019

18,330

1,114,400

0.020

22,330

633,600

0.028

17,890

(1)

Resources are reported exclusive of reserves.

(2)

Resources calculated at a gold price of US$1,600 or A$1,600 per ounce unless otherwise noted. 2011 Resources were calculated at a gold price of US$1,400 or A$1,475 per ounce. Tonnage amounts have been rounded to the nearest 100,000 and pounds have been rounded to the nearest 10 thousand.

(3)

Measured and Indicated combined Resources are equivalent to Mineralized Material disclosed in Newmont's 10K filing.

(4)

Resource estimates provided by Barrick, the operator of the Turquoise Ridge joint venture.



(5)

Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where tonnage or ounces are greater than 5% of the total site-reported reserves and ounces are greater than 100,000.



(6)

Reserve estimates provided by Buenaventura, the operator of the La Zanja project.



(7)

Percentage reflects Newmont's economic interest at December 31, 2012.



(8)

Resource estimates provided by Regis Resources Ltd, in which Newmont holds a 19.75% interest.



Attributable Gold Mineral Resources(1)(2)- December 31, 2012, Metric units







Gold Measured Resource

Gold Indicated Resource

Gold Measured + Indicated Resource(3)

Gold Inferred Resource

Deposits/Districts

Newmont Share

Tonnage

Grade

Au

Tonnage

Grade

Au

Tonnage

Grade

Au

Tonnage

Grade

Au

(x1000 tonnes)

(g/tonne)

(x1000 ozs)

(x1000 tonnes)

(g/tonne)

(x1000 ozs)

(x1000 tonnes)

(g/tonne)

(x1000 ozs)

(x1000 tonnes)

(g/tonne)

(x1000 ozs)

North America
















Buffalo Valley, Nevada

70%

0


0

16,200

0.63

330

16,200

0.63

330

500

0.35

10



Carlin Trend Open Pit, Nevada

100%

23,800

1.22

940

56,900

0.78

1,430

80,700

0.91

2,370

17,100

0.63

350



Carlin Trend Underground, Nevada

100%

400

5.07

70

800

6.82

170

1,200

6.19

240

3,600

8.75

1,020



Lone Tree Complex, Nevada

100%

0


0

2,000

0.79

50

2,000

0.79

50

4,600

0.55

80



Long Canyon, Nevada

100%

0


0

0


0

0


0

25,400

3.22

2,630



Midas, Nevada

100%

0

5.10

0

100

1.35

0

100

1.93

0

300

2.27

20



Phoenix, Nevada

100%

5,700

0.50

90

174,000

0.43

2,430

179,700

0.44

2,520

106,300

0.41

1,390



Sandman, Nevada

100%

0


0

1,200

1.23

50

1,200

1.23

50

1,000

2.17

70



Turquoise Ridge, Nevada(4)

25%

500

12.51

200

400

11.25

160

900

11.91

360

800

14.28

380



Twin Creeks, Nevada

100%

4,600

2.39

350

33,400

1.98

2,120

38,000

2.03

2,470

3,600

2.10

240



Nevada Stockpiles, Nevada (5)

100%

5,200

1.25

210

0


0

5,200

1.25

210

2,100

1.48

100




Total Nevada


40,200

1.44

1,860

285,000

0.74

6,740

325,200

0.82

8,600

165,300

1.18

6,290



La Herradura, Mexico

44%

27,700

0.69

610

36,200

0.57

670

63,900

0.62

1,280

53,900

0.54

940

Total North America


67,900

1.13

2,470

321,200

0.72

7,410

389,100

0.79

9,880

219,200

1.02

7,230

South America
















Conga, Peru

51.35%

0

0.00

0

81,000

0.40

1,030

81,000

0.40

1,030

118,400

0.39

1,480



Yanacocha, Peru

51.35%

11,800

1.38

520

22,100

0.56

400

33,900

0.85

920

85,100

0.86

2,360



La Zanja, Peru (6)

46.94%

0

0.20

0

300

0.23

0

300

0.23

0

2,600

0.58

50



Merian, Suriname

80%

0


0

3,700

1.90

230

3,700

1.90

230

27,200

1.04

910

Total South America


11,800

1.38

520

107,100

0.48

1,660

118,900

0.57

2,180

233,300

0.64

4,800

Asia Pacific
















Batu Hijau, Indonesia(7)

48.5%

7,300

0.62

150

128,200

0.25

1,040

135,500

0.27

1,190

25,000

0.07

50



Boddington, Western Australia

100%

32,200

0.52

540

204,900

0.46

3,010

237,100

0.47

3,550

14,200

0.52

240



Duketon, Western Australia(8)

19.75%

700

0.54

10

9,200

0.80

240

9,900

0.78

250

21,900

0.91

640



Jundee, Western Australia

100%

0


0

200

3.69

30

200

3.69

30

500

4.74

70



Kalgoorlie, Western Australia

50%

4,800

1.29

200

14,500

1.16

540

19,300

1.19

740

300

2.61

30



McPhilliamys, New South Wales(8)

19.75%

0


0

8,200

1.27

330

8,200

1.27

330

3,200

1.57

160



Tanami, Northern Territories

100%

800

4.41

110

2,600

3.97

330

3,400

4.08

440

6,500

6.61

1,370



Waihi, New Zealand

100%

0


0

1,600

9.14

480

1,600

9.14

480

700

6.57

150

Total Asia Pacific


45,800

0.69

1,010

369,400

0.51

6,000

415,200

0.53

7,010

72,300

1.17

2,710

Africa
















Ahafo, Ghana

100.0%

0


0

75,500

1.26

3,050

75,500

1.26

3,050

38,500

1.43

1,770




Subika Underground

100.0%

0


0

0

0.00

0

0

0.00

0

8,500

4.66

1,280



Total Ahafo

100.0%

0


0

75,500

1.26

3,050

75,500

1.26

3,050

47,000

2.02

3,050



Akyem, Ghana

100.0%

0


0

12,000

0.55

210

12,000

0.55

210

3,100

1.01

100

Total Africa


0


0

87,500

1.16

3,260

87,500

1.16

3,260

50,100

1.96

3,150

TOTAL NEWMONT WORLDWIDE

125,500

0.99

4,000

885,200

0.64

18,330

1,010,700

0.69

22,330

574,900

0.97

17,890



See footnotes in Gold Resources U.S. units table.

Attributable Copper Reserves(1)U.S. Units

December 31, 2012

















December 31, 2011

Deposits/Districts

Newmont Share

Proven Reserves

Probable Reserves

Proven + Probable Reserves


Proven + Probable Reserve

Tonnage

Grade

Copper

Tonnage

Grade

Copper

Tonnage

Grade

Copper

Metallurgical

Tonnage

Grade

Copper

(x1000 tons)

(Cu%)

(million pounds)

(x1000 tons)

(Cu%)

(million pounds)

(x1000 tons)

(Cu%)

(million pounds)

Recovery

(x1000 tons)

(Cu%)

(million pounds)

North America
















Phoenix, Nevada

100%

22,700

0.15%

70

420,500

0.15%

1,220

443,200

0.15%

1,290

61%

450,300

0.15%

1,300


Phoenix Copper Leach, Nevada(2)

100%

0


0

177,100

0.24%

850

177,100

0.24%

850

58%

170,200

0.22%

740

TOTAL NORTH AMERICA


22,700

0.15%

70

597,600

0.17%

2,070

620,300

0.17%

2,140

59%

620,500

0.16%

2,040

South America
















Conga, Peru(3)

51.35%

0


0

303,400

0.28%

1,690

303,400

0.28%

1,690

85%

303,400

0.28%

1,690

TOTAL SOUTH AMERICA


0


0

303,400

0.28%

1,690

303,400

0.28%

1,690

85%

303,400

0.28%

1,690

Asia Pacific















Batu Hijau(4)

48.5%

131,300

0.51%

1,340

166,600

0.36%

1,220

297,900

0.43%

2,560

75%

323,700

0.41%

2,670



Batu Hijau Stockpiles(4)(5)

48.5%

0


0

140,600

0.33%

940

140,600

0.33%

940

59%

156,900

0.34%

1,060


Batu Hijau, Indonesia

48.5%

131,300

0.51%

1,340

307,200

0.35%

2,160

438,500

0.40%

3,500

71%

480,600

0.39%

3,730



Boddington

100%

117,100

0.10%

230

813,400

0.11%

1,840

930,500

0.11%

2,070

83%

1,053,500

0.11%

2,260



Boddington Stockpiles(5)

100%

32,000

0.10%

60

31,800

0.07%

50

63,800

0.08%

110

83%





Boddington, Western Australia

100%

149,100

0.29%

290

845,200

0.18%

1,890

994,300

0.20%

2,180

83%

1,053,500

0.11%

2,260

TOTAL ASIA PACIFIC


280,400

0.29%

1,630

1,152,400

0.18%

4,050

1,432,800

0.20%

5,680

75%

1,534,100

0.20%

5,990

TOTAL NEWMONT WORLDWIDE


303,100

0.28%

1,700

2,053,400

0.19%

7,810

2,356,500

0.20%

9,510

73%

2,458,000

0.20%

9,720




















(1)

Reserves are calculated at US$3.25 or A$3.25 per pound copper price unless otherwise noted. 2011 reserves were calculated at US$3.00 or A$3.15 per pound copper price unless otherwise noted. Tonnage amounts have been rounded to the nearest 100,000 and pounds have been rounded to the nearest 10 million.

(2)

Project is under development. Leach reserves are within Phoenix Reserve Pit.

(3)

Project is under development.

(4)

Percentage reflects Newmont's economic interest at December 31, 2012.

(5)

Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material. Stockpiles increase or decrease depending on current mine plans. Stockpiles are reported separately where tonnage or contained metal are greater than 5% of the total site reported reserves.

Attributable Copper Reserves(1)Metric Units

December 31, 2012

















December 31, 2011

Deposits/Districts


Proven Reserves

Probable Reserves

Proven + Probable Reserves


Proven + Probable Reserve

Newmont Share

Tonnage

Grade

Copper

Tonnage

Grade

Copper

Tonnage

Grade

Copper

Metallurgical

Tonnage

Grade

Copper

(x1000 tonnes)

(Cu%)

(Tonnes)

(x1000 tonnes)

(Cu%)

(Tonnes)

(x1000 tonnes)

(Cu%)

(Tonnes)

Recovery

(x1000 tonnes)

(Cu%)

(Tonnes)

North America
















Phoenix, Nevada

100%

20,600

0.15%

31,570

381,500

0.15%

554,220

402,100

0.15%

585,790

61%

408,500

0.15%

593,140


Phoenix Copper Leach, Nevada(2)

100%

0


0

160,600

0.24%

384,130

160,600

0.24%

384,130

58%

154,400

0.22%

339,680

TOTAL NORTH AMERICA


20,600

0.15%

31,570

542,100

0.17%

938,350

562,700

0.17%

969,920

59%

562,900

0.16%

932,820

South America
















Conga, Peru(3)

51.35%

0


0

275,200

0.28%

767,420

275,200

0.28%

767,420

85%

275,200

0.28%

767,300

TOTAL SOUTH AMERICA


0


0

275,200

0.28%

767,420

275,200

0.28%

767,420

85%

303,400

0.28%

767,300

Asia Pacific















Batu Hijau(4)

48.5%

119,100

0.51%

606,440

151,100

0.36%

551,440

270,200

0.43%

1,157,880

75%

293,700

0.41%

1,211,990



Batu Hijau Stockpiles(4)(5)

48.5%

0


0

127,600

0.33%

425,430

127,600

0.33%

425,430

59%

142,300

0.34%

481,570


Batu Hijau, Indonesia

48.5%

119,100

0.51%

606,440

278,700

0.35%

976,870

397,800

0.40%

1,583,310

71%

436,000

0.39%

1,693,560



Boddington

100%

106,200

0.10%

106,500

737,900

0.11%

832,830

844,100

0.11%

939,330

83%

955,700

0.11%

1,025,450



Boddington Stockpiles(5)

100%

29,000

0.10%

27,930

28,800

0.07%

20,880

57,800

0.08%

48,810

83%





Boddington, Western Australia

100%

135,200

0.10%

134,430

766,700

0.11%

853,710

901,900

0.11%

988,140

83%

955,700

0.11%

1,025,450

TOTAL ASIA PACIFIC


254,300

0.29%

740,870

1,045,400

0.18%

1,830,580

1,299,700

0.20%

2,571,450

75%

1,534,100

0.20%

2,719,010

TOTAL NEWMONT WORLDWIDE


274,900

0.28%

772,440

1,862,700

0.19%

3,536,350

2,137,600

0.20%

4,308,790

73%

2,458,000

0.20%

4,419,130






















See Footnotes under Copper Reserves U.S. units table.

Attributable Copper Mineral Resources(1)(2)

December 31, 2012

Deposits/Districts


Measured Resources

Indicated Resources

Measured + Indicated Resources(3)

Inferred Resources

Newmont Share

Tonnage

Grade

Copper

Tonnage

Grade

Copper

Tonnage

Grade

Copper

Tonnage

Grade

Copper

(x1000 tons)

(Cu%)

(million Pounds)

(x1000 tons)

(Cu%)

(million Pounds)

(x1000 tons)

(Cu%)

(million Pounds)

(x1000 tons)

(Cu%)

(million Pounds)

North America















Phoenix, Nevada

100%

6,300

0.07%

10

191,800

0.08%

300

198,100

0.08%

310

119,600

0.10%

230


Phoenix Copper Leach, Nevada

100%

1,000

0.34%

10

21,300

0.25%

110

22,300

0.25%

120

16,900

0.20%

70

TOTAL NORTH AMERICA


7,300

0.11%

20

213,100

0.09%

410

220,400

0.10%

430

136,500

0.11%

300

South America















Conga, Peru

51.35%

0


0

89,300

0.19%

350

89,300

0.19%

350

130,480

0.19%

490

TOTAL SOUTH AMERICA


0

0

89,300

0.19%

350

89,300

0.19%

350

130,480

0.19%

490

Asia Pacific















Batu Hijau, Indonesia(4)

48.5%

8,100

0.37%

60

141,300

0.34%

970

149,400

0.34%

1,030

27,600

0.27%

150


Boddington, Western Australia

100%

35,500

0.07%

50

225,900

0.08%

360

261,400

0.08%

410

15,600

0.11%

30

TOTAL ASIA PACIFIC


43,600

0.12%

110

367,200

0.18%

1,330

410,800

0.18%

1,440

43,200

0.21%

180

TOTAL NEWMONT WORLDWIDE


50,900

0.12%

130

669,600

0.16%

2,090

720,500

0.15%

2,220

310,180

0.16%

970



















(1)

Resources are reported exc