Newmont Announces Positive 2008 Operating Results, With Continuing Improvements Expected in 2009



    DENVER, Jan. 27 /CNW/ -- Newmont Mining Corporation (NYSE:   NEM)
("Newmont" or "the Company") today announced 2008 equity gold sales of
approximately 5.2 million ounces at costs applicable to sales of $440 per
ounce.  With the start-up of the Boddington project in Australia in mid-2009,
the Company expects continued operating performance improvements in 2009, with
an equity gold sales outlook of between 5.2 and 5.5 million ounces at costs
applicable to sales of between $400 and $440 per ounce. The 2009 expectations
assume ownership of 100% of the Boddington project, reflecting the expected
completion of the acquisition of the remaining 33.33% interest from AngloGold
Ashanti Ltd., announced earlier today.
    

    
    Consolidated capital expenditures for 2008 were approximately $1.9
billion, consistent with the Company's original expectations for the year. 
With completion of the power plant in Nevada and the gold mill in Peru in
2008, and completion of the Boddington project expected in mid-2009,
consolidated capital expenditures are expected to decline to between $1.4 and
$1.6 billion ($1.3 to $1.5 billion on an equity basis).
    

    2008 Highlights:

    --  Equity gold sales of 5.2 million equity ounces at costs applicable to
        sales of $440 per ounce;
    --  Equity copper sales of 130 million pounds at costs applicable to sales
        of $1.38 per pound;
    --  Successful start-up of the Nevada power plant and Yanacocha gold mill;
    --  Successful acquisition of Miramar Mining Corporation; and
    --  Continued progress at the Boddington project, with start-up expected
in
        mid-2009.


    
    Richard O'Brien, President and Chief Executive Officer, said, "We are
pleased with the results of our initiatives to improve operating results,
resulting in gold sales and costs applicable to sales performance consistent
with our original expectations for the year.  We achieved our goal of
delivering on our plans for this year.  For 2009, we expect equity gold sales
to increase to between 5.2 and 5.5 million ounces at costs applicable to sales
of between $400 and $440 per ounce, assuming the completion of the Boddington
acquisition."
    

    
    As a result of recent financial market volatility, the value of certain
investments declined during the fourth quarter of 2008, resulting in the
recognition of a pre-tax charge of approximately $159 million for non-cash
write-downs of marketable securities and property, plant and mine development.
 As of December 31, 2008, the Company's Canadian Oil Sands Trust investment
was valued at $534 million.
    

    Exploration and Reserve Results:

    
    The Company reported year-end 2008 proven and probable gold reserves of
85.0 million equity ounces, compared with 86.5 million equity ounces at the
end of 2007.  Year-end 2008 reserves would have been 91.6 million equity
ounces, an increase of approximately 6% over year-end 2007, if the expected
acquisition of the remaining 33.33% interest in the Boddington project had
occurred at the end of 2008.
    

    
    In 2008 the Company added 6.3 million equity ounces of gold reserves due
to margin changes and additional drilling, offset by revisions of 1.1 million
equity ounces.  The assumed gold price for the Company's reserve calculations
increased to $725 per ounce in 2008, from $575 per ounce in 2007.
    

    
    For 2008, the majority of the reserve additions from exploration of
roughly 4.4 million equity ounces came from the Boddington project, and Nevada
and Mexico.  Gold reserves were revised downward at Phoenix in Nevada by 0.8
million ounces due to geological, modeling and metallurgical issues identified
through the reconciliation process.
    

    
    The Company's reserve sensitivities to a $50 change in gold price between
$725 and $775 per ounce, assuming costs remain constant, is approximately 3.0
to 4.0 million equity ounces.  The Company's ability to project reserve
sensitivities at significantly higher gold prices is constrained by limited
drill data.
    

    2009 Operating Outlook:

    
    The Company expects higher equity gold sales of between 5.2 and 5.5
million ounces at lower costs applicable to sales of between $400 and $440 per
ounce in 2009.  Higher gold sales are expected due to the start-up of
Boddington, the anticipated 100% ownership of the Boddington project following
the expected completion of the acquisition, as well as increased gold sales at
Yanacocha and Batu Hijau.  These increases are expected to be partially offset
by lower sales in Nevada.  Lower costs applicable to sales are expected due to
the start-up of Boddington, higher expected gold sales from the lower cost
Yanacocha and Batu Hijau operations, as well as lower oil price and Australian
dollar exchange rate assumptions, partially offset by lower by-product copper
price assumptions.  The following table sets out the Company's regional equity
sales and costs applicable to sales outlook for 2009.
    

    

    
                       2008 Outlook          2008 Actual        2009 Outlook
                  Equity                      Equity          Equity
                   Sales           CAS         Sales    CAS    Sales    CAS(1)
                  (Kozs,          ($/oz,      (Kozs,   ($/oz, (Kozs,    ($/oz,
    Region         Mlbs)           $/lb)       Mlbs)    $/lb)  Mlbs)     $/lb)
    

    
    Nevada        2,270 -          $410 -      2,225    $460  1,800 -   $535 -
                   2,400            $440                       2,000     $575
    

    
    Yanacocha      885 -           $350 -        946    $346   975 -    $290 -
                    925             $370                        1,025    $310
    

    
    Australia/NZ  1,100 -          $585 -      1,187    $552  1,500 -   $440 -
                   1,150            $625                       1,600     $480
    

    
    Batu Hijau
     - Gold        100 -           $360 -        135    $414   225 -    $240 -
                     130            $400                        250      $260
    


    
    Ahafo          495 -           $400 -        521    $408   500 -    $450 -
                    530             $450                        525      $475
    

    
    Other
     Operations    160 -           $480 -        170    $566   150 -    $465 -
                    180             $520                        170      $480
    

    
    Total Gold    5,100 -          $425 -      5,184    $440  5,200 -   $400 -
                   5,400            $450                       5,500     $440
    

    
    Batu Hijau -
     Copper        125 -          $1.50 -        130   $1.38   210 -   $0.65 -
                    150            $1.75                        230     $0.75
    
    (1)  The Company's 2009 costs applicable to sales outlook assumes an
average spot oil price of $70 per barrel and an Australian dollar exchange
rate of 0.75.
    


    2009 Capital Expenditures Outlook:

    
    The Company anticipates lower consolidated capital expenditures of
between $1.4 and $1.6 billion in 2009 (between $1.3 and $1.5 billion on an
equity basis), with approximately 60% invested in Australia/New Zealand, 15%
in Nevada and the remaining 25% at other locations.  We anticipate that
approximately 45% of the 2009 capital will be allocated to sustaining
investments, with the remaining 55% allocated to project development
initiatives, including the completion of the Boddington project in Australia. 
The above ranges assume an economic interest of 100% in the Boddington project
in Australia effective January 1, 2009.  The following table sets out the
Company's regional capital expenditures outlook for 2009.
    

    

    
    Region ($M)                   2008 Outlook   2008 Actual   2009 Outlook
    

    
    Nevada                         $300 - $350       $337      $230 - $260
    Yanacocha                      $200 - $250       $239      $180 - $200
    Australia/NZ                   $850 - $1,000     $962      $875 - $925
    Batu Hijau                      $80 - $120        $84       $45 - $55
    Ahafo                          $140 - $150       $117       $80 - $90
    Corporate/Other Operations      $90 - $140       $136       $65 - $85
    Consolidated Capital
     Expenditures                $1,700 - $2,000   $1,875    $1,400 - $1,600

    
    The Company expects to release complete financial results for the fourth
quarter and year ended December 31, 2008 on Thursday, February 19, 2009.
    

    
    The 2008 fourth quarter and year-end results, related financial and
statistical information will be available prior to the conference call in the
Investor Relations section of the Company's web site, www.newmont.com.
Additionally, the conference call will be archived for a limited time on the
Company's website.
    

    Cautionary Statement:

    
    This news release 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 and other applicable laws.
 Such forward-looking statements include, without limitation, (i) estimates of
gold and copper production and sales; (ii) estimates of costs applicable to
sales; (iii) estimates of capital expenditures, project costs, and expenses;
(iv) estimates regarding timing of future development, construction,
production or closure activities; (v) statements regarding future exploration
results, exploration expenditures, and reserves (vi) statements regarding
potential cost savings, productivity, operating performance, cost structure
and competitive position; (vii) expectations regarding the completion and
timing of the Boddington acquisition; and (viii) expectations regarding the
start-up time, design, mine life, production, costs applicable to sales and
exploration potential of the Boddington mine. 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 February 21, 2008, and the Company's
Quarterly Report on Form 10-Q, filed October 28, 2008, each of which is on
file with the United States Securities and Exchange Commission (the "SEC"), 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.
    

    
    Ian Douglas, Newmont's Group Executive of Reserves and Geostatistics, is
the qualified person responsible for the preparation of the scientific and
technical information concerning its mineral properties in this press release.
The reserves disclosed in this press release have been prepared in compliance
with Industry Guide 7 published by the SEC.  Mineralized material has not been
prepared in accordance with Industry Guide 7.  Newmont has determined that
such reserves and mineralized material would be substantively the same as
those prepared using the Guidelines established by the Canadian Institute of
Mining, Metallurgy and Petroleum ("CIM").  For a description of the key
assumptions, parameters and methods used to estimate mineral reserves and
mineralized material on Newmont's material properties, as well as a general
discussion of the extent to which the estimates may be affected by any known
environmental, permitting, legal, title, taxation, socio-political, marketing
or other relevant factors, please see Newmont's most recent Annual Report on
Form 10-K and Newmont's Management Discussion and Analysis of Financial
Condition and Results of Operation, as filed from time to time, on EDGAR in
the United States and on SEDAR in Canada.
    


    

    
    Supplemental Information
    

    
    Proven and Probable Gold Equity Reserves:
    

    
               Equity Proven, Probable, and Combined Gold Reserves(1)
               -------------------------------------------------------
                                  December 31, 2008
                                  -----------------
    Deposits/Districts
     by Reporting
     Unit                                          Proven Reserves
                                                   ---------------
                                      Newmont
                                       Share   Tonnage    Grade    Gold
                                             (000 tons) (oz/ton) (000 ozs)
    ------                                   ---------- -------- ---------
    Nevada
      Carlin Open Pit(2)                100%     12,000    0.072       860
      Carlin Underground                100%      1,700    0.256       430
      Midas(3)                          100%        600    0.498       280
      Phoenix                           100%          0                  0
      Twin Creeks                       100%      9,200    0.098       900
      Turquoise Ridge(4)                 25%      1,900    0.507       970
      Nevada In-Process(5)              100%     36,000    0.026       940
      Nevada Stockpiles(6)              100%     32,000    0.075     2,400
      --------------------              ---      ------    -----     -----
    TOTAL NEVADA                                 93,400    0.073     6,780
    ------------                                 ------    -----     -----
    Yanacocha, Peru
      Conga(7)                        51.35%          0                  0
      Yanacocha In-Process(5)         51.35%     20,800    0.026       530
      Yanacocha Open Pits(8)          51.35%     19,200    0.023       430
      ----------------------          -----      ------    -----       ---
    TOTAL YANACOCHA                              40,000    0.024       960
    ---------------                              ------    -----       ---
    Australia/New Zealand
      Boddington, Western
       Australia(9)                   66.67%    125,500    0.026     3,310
      Jundee, Western Australia         100%      3,500    0.096       340
        Kalgoorlie Open Pits and
         Underground                     50%     23,100    0.061     1,410
        Kalgoorlie Stockpiles(6)         50%     14,400    0.031       450
      Total Kalgoorlie, Western
       Australia                         50%     37,500    0.049     1,860
      Waihi, New Zealand                100%        300    0.267        80
        Tanami Underground and Open
         Pits                           100%      4,000    0.167       660
        Tanami Stockpiles(6)            100%          0    0.153         0
      Total Tanami, Northern
       Territories                      100%      4,000    0.167       660
      ----------------------            ---       -----    -----       ---
    TOTAL AUSTRALIA/NEW ZEALAND                 170,800    0.037     6,250
    ---------------------------                 -------    -----     -----
    Batu Hijau(10)                       45%    166,000    0.013     2,110
      Batu Hijau Stockpiles(6)(10)       45%          0                  0
    TOTAL BATU HIJAU                            166,000    0.013     2,110
    ----------------                            -------    -----     -----
    Ghana, West Africa
      Ahafo(11)                         100%      5,900    0.039       230
      Akyem(12)                         100%          0                  0
      ---------                         ---         ---    -----       ---
    TOTAL GHANA                                   5,900    0.039       230
    -----------                                   -----    -----       ---
    Other Operations
      Kori Kollo, Bolivia                88%      9,100    0.018       160
      La Herradura, Mexico               44%     36,900    0.025       910
    TOTAL OTHER OPERATIONS                       46,000    0.023     1,070
    ----------------------                       ------    -----     -----
    TOTAL NEWMONT WORLDWIDE                     522,100    0.033    17,400
    -----------------------                     -------    -----    ------
    


    
                                  December 31, 2008
                                  -----------------
    Deposits/Districts by Reporting Unit        Probable Reserves
                                                -----------------
                                            Tonnage    Grade    Gold
                                          (000 tons) (oz/ton) (000 ozs)
    ------                                ---------- -------- ---------
    Nevada
      Carlin Open Pit(2)                     190,400    0.043     8,190
      Carlin Underground                      10,000    0.322     3,220
      Midas(3)                                   300    0.332       110
      Phoenix                                299,800    0.021     6,310
      Twin Creeks                             42,500    0.072     3,060
      Turquoise Ridge(4)                         700    0.483       360
      Nevada In-Process(5)                         0                  0
      Nevada Stockpiles(6)                     2,200    0.030        60
      --------------------                     -----    -----        --
    TOTAL NEVADA                             545,900    0.039    21,310
    ------------                             -------    -----    ------
    Yanacocha, Peru
      Conga(7)                               317,200    0.019     6,080
      Yanacocha In-Process(5)                      0                  0
      Yanacocha Open Pits(8)                 188,300    0.030     5,720
      ----------------------                 -------    -----     -----
    TOTAL YANACOCHA                          505,500    0.023    11,800
    ---------------                          -------    -----    ------
    Australia/New Zealand
      Boddington, Western Australia(9)       457,700    0.022    10,060
      Jundee, Western Australia                2,800    0.337       930
        Kalgoorlie Open Pits and
         Underground                          40,600    0.063     2,560
        Kalgoorlie Stockpiles(6)                   0                  0
      Total Kalgoorlie, Western Australia     40,600    0.063     2,560
      Waihi, New Zealand                       2,600    0.107       280
        Tanami Underground and Open Pits       5,600    0.136       760
        Tanami Stockpiles(6)                   1,900    0.029        60
      Total Tanami, Northern Territories       7,500    0.108       820
      ----------------------------------       -----    -----       ---
    TOTAL AUSTRALIA/NEW ZEALAND              511,200    0.029    14,650
    ---------------------------              -------    -----    ------
    Batu Hijau(10)                           182,800    0.009     1,570
      Batu Hijau Stockpiles(6)(10)           131,400    0.003       410
    TOTAL BATU HIJAU                         314,200    0.006     1,980
    ----------------                         -------    -----     -----
    Ghana, West Africa
      Ahafo(11)                              119,200    0.077     9,150
      Akyem(12)                              147,200    0.052     7,660
      ---------                              -------    -----     -----
    TOTAL GHANA                              266,400    0.063    16,810
    -----------                              -------    -----    ------
    Other Operations
      Kori Kollo, Bolivia                      2,400    0.014        30
      La Herradura, Mexico                    39,200    0.025       980
    TOTAL OTHER OPERATIONS                    41,600    0.024     1,010
    ----------------------                    ------    -----     -----
    TOTAL NEWMONT WORLDWIDE                2,184,800    0.031    67,560
    -----------------------                ---------    -----    ------
    



    
                                  December 31, 2008
                                  -----------------
    Deposits/
     Districts by
     Reporting Unit             Proven and Probable Reserves
                                ----------------------------    Metallurgical
                                Tonnage    Grade     Gold         Recovery
                               (000 tons) (oz/ton) (000 ozs)
    ------                     ---------- -------- ---------      --------
    Nevada
      Carlin Open
       Pit(2)                     202,400    0.045     9,050            74%
      Carlin
       Underground                 11,700    0.313     3,650            89%
      Midas(3)                        900    0.436       390            95%
      Phoenix                     299,800    0.021     6,310            72%
      Twin Creeks                  51,700    0.077     3,960            80%
      Turquoise
       Ridge(4)                     2,600    0.500     1,330            92%
      Nevada In-
       Process(5)                  36,000    0.026       940            66%
      Nevada
       Stockpiles(6)               34,200    0.072     2,460            78%
      --------------               ------    -----     -----            --
    TOTAL NEVADA                  639,300    0.044    28,090            78%
    ------------                  -------    -----    ------            --
    Yanacocha, Peru
      Conga(7)                    317,200    0.019     6,080            79%
      Yanacocha In-
       Process(5)                  20,800    0.026       530            74%
      Yanacocha Open
       Pits(8)                    207,500    0.030     6,150            69%
      --------------              -------    -----     -----            --
    TOTAL YANACOCHA               545,500    0.023    12,760            74%
    ---------------               -------    -----    ------            --
    Australia/New
     Zealand
      Boddington,
       Western
       Australia(9)               583,200    0.023    13,370            81%
      Jundee, Western
       Australia                    6,300    0.202     1,270            91%
        Kalgoorlie Open
         Pits and
         Underground               63,700    0.062     3,970            85%
        Kalgoorlie
         Stockpiles(6)             14,400    0.031       450            76%
      Total Kalgoorlie,
       Western Australia           78,100    0.056     4,420            84%
      Waihi, New
       Zealand                      2,900    0.124       360            89%
        Tanami
         Underground and
         Open Pits                  9,600    0.149     1,420            96%
        Tanami
         Stockpiles(6)              1,900    0.030        60            94%
      Total Tanami,
       Northern
       Territories                 11,500    0.129     1,480            96%
      -------------                ------    -----     -----            --
    TOTAL
     AUSTRALIA/NEW
     ZEALAND                      682,000    0.031    20,900            83%
    --------------                -------    -----    ------            --
    Batu Hijau(10)                348,800    0.011     3,680            76%
      Batu Hijau
       Stockpiles(6)(10)          131,400    0.003       410            72%
    TOTAL BATU HIJAU              480,200    0.009     4,090            76%
    ----------------              -------    -----     -----            --
    Ghana, West
     Africa
      Ahafo(11)                   125,100    0.075     9,380            87%
      Akyem(12)                   147,200    0.052     7,660            89%
      ---------                   -------    -----     -----            --
    TOTAL GHANA                   272,300    0.063    17,040            88%
    -----------                   -------    -----    ------            --
    Other Operations
      Kori Kollo,
       Bolivia                     11,500    0.017       190            52%
      La Herradura,
       Mexico                      76,100    0.025     1,890            66%
    TOTAL OTHER
     OPERATIONS                    87,600    0.024     2,080            65%
    -----------                    ------    -----     -----            --
    TOTAL NEWMONT
     WORLDWIDE                  2,706,900    0.031    84,960            80%
    -------------               ---------    -----    ------            --
    


    
                             December 31, 2007
                             -----------------
    Deposits/Districts by
     Reporting Unit                         Proven + Probable Reserves
                                            --------------------------
                                            Tonnage   Grade     Gold
                                          (000 tons) (oz/ton) (000 ozs)
    ------                                ---------- -------- ---------
    Nevada
      Carlin Open Pit(2)                     213,500    0.045     9,520
      Carlin Underground                       7,200    0.388     2,820
      Midas(3)                                 1,000    0.493       530
      Phoenix                                278,100    0.027     7,600
      Twin Creeks                             52,100    0.078     4,080
      Turquoise Ridge(4)                       2,800    0.458     1,280
      Nevada In-Process(5)                    40,200    0.026     1,060
      Nevada Stockpiles(6)                    32,400    0.077     2,480
      --------------------                   ------    -----     -----
    TOTAL NEVADA                             627,300    0.047    29,370
    ------------                             -------    -----    ------
    Yanacocha, Peru
      Conga(7)                               317,200    0.019     6,080
      Yanacocha In-Process(5)                 20,700    0.027       560
      Yanacocha Open Pits(8)                 255,600    0.029     7,540
      ----------------------                 -------    -----     -----
    TOTAL YANACOCHA                          593,500    0.024    14,180
    ---------------                          -------    -----    ------
    Australia/New Zealand
      Boddington, Western
       Australia(9)                          476,900    0.023    11,090
      Jundee, Western Australia                6,700    0.222     1,490
        Kalgoorlie Open Pits and
         Underground                          66,100    0.063     4,170
        Kalgoorlie Stockpiles(6)              13,500    0.031       420
      Total Kalgoorlie, Western
       Australia                              79,600    0.058     4,590
      Waihi, New Zealand                       3,800    0.131       500
        Tanami Underground and
         Open Pits                            11,400    0.141     1,600
        Tanami Stockpiles(6)                   1,900    0.045        90
      Total Tanami, Northern
       Territories                            13,300    0.127     1,690
      ----------------------                  ------    -----     -----
    TOTAL AUSTRALIA/NEW
     ZEALAND                                 580,300    0.033    19,360
    -------------------                      -------    -----    ------
    Batu Hijau(10)                           378,900    0.010     3,830
      Batu Hijau
       Stockpiles(6)(10)                     114,300    0.004       410
    TOTAL BATU HIJAU                         493,200    0.009     4,240
    ----------------                         -------    -----     -----
    Ghana, West Africa
      Ahafo(11)                              124,000    0.078     9,720
      Akyem(12)                              147,200    0.052     7,660
      ---------                              -------    -----     -----
    TOTAL GHANA                              271,200    0.064    17,380
    -----------                              -------    -----    ------
    Other Operations
      Kori Kollo, Bolivia                     25,200    0.017       420
      La Herradura, Mexico                    67,700    0.023     1,580
    TOTAL OTHER OPERATIONS                    92,900    0.022     2,000
    ----------------------                    ------    -----     -----
    TOTAL NEWMONT WORLDWIDE                2,658,400    0.033    86,530
    -----------------------                ---------    -----    ------
    


    
    (1) Reserves are calculated at a gold price of US$725, A$850, or
    NZ$1,000 per ounce unless otherwise noted. 2007 reserves were calculated
    at a gold price of US$575, A$750, or NZ$850 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.  Varying cut-off grades have been used for the calculation
    of reserves depending on the mine or project, ore type and costs.
    (2) Includes undeveloped reserves at Castle Reef, North Lantern and
    Emigrant deposits for combined total undeveloped reserves of 1.4 million
    ounces.
    (3) Also contains reserves of 5.9 million ounces of silver with a
    metallurgical recovery of 88%.
    (4) Reserve estimates provided by Barrick, the operator of the Turquoise
    Ridge Joint Venture.  Barrick estimated reserves using a gold price of
    US$725.
    (5) 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.
    (6) 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.
    (7) Deposit is currently undeveloped.
    (8) Reserves include the currently undeveloped deposit at Corimayo, which
    contains undeveloped reserves of 1.2 million equity ounces.
    (9) Deposit is currently being developed. Production is expected to begin
    in 2009.
    (10) 45% reflects Newmont's ownership in PTNNT at year-end 2008.
    (11) Includes undeveloped reserves at Amoma, Yamfo South, Yamfo Central,
    Techire West, Subenso South, Subenso North, Yamfo Northeast, and Susuan
    totaling 3.7 million ounces.
    (12) Deposit is undeveloped.
    


    
    Gold Non-Reserve Mineralization:
    

    
           Equity Gold Mineralized Material Not in Reserves(1)(2)
           ------------------------------------------------------
                              December 31, 2008
                              -----------------
    

    
    Deposits/Districts           Measured Material   Indicated Material
                                 -----------------   ------------------
                        Newmont
                         Share    Tonnage    Grade    Tonnage    Grade
                                 (000 tons) (oz/ton) (000 tons) (oz/ton)
    ------                       ---------- -------- ---------- --------
    Nevada
      Carlin Trend
       Open Pit             100%      7,400    0.055     81,000    0.038
      Carlin Trend
       Underground          100%        300    0.329         40    0.352
      Lone Tree Complex     100%          0               4,200    0.022
      Midas                 100%        100    0.176        100    0.194
      Phoenix               100%          0    0.000     61,600    0.015
      Twin Creeks           100%      3,200    0.099     27,900    0.045
      Turquoise Ridge
       (3)                   25%        600    0.436        300    0.434
      Nevada
       Stockpiles (4)       100%      3,700    0.060
      ---------------       ---       -----    -----    -------    -----
    Total Nevada                     15,300    0.085    175,140    0.032
    ------------                     ------    -----    -------    -----
    Yanacocha, Peru
      Conga               51.35%          0              58,000    0.013
      La Zanja(5)          46.9%          0              18,000    0.021
      Yanacocha           51.35%      3,900    0.016    146,800    0.020
      ---------           -----       -----    -----    -------    -----
    Total Yanacocha                   3,900    0.016    222,800    0.018
    ---------------                   -----    -----    -------    -----
    Australia/New Zealand
      Boddington,
       Western
       Australia          66.67%     17,900    0.010    230,000    0.015
      Jundee, Western
       Australia            100%          0                 100    0.137
      Kalgoorlie,
       Western
       Australia             50%      3,000    0.060      5,000    0.056
      Waihi, New
       Zealand              100%          0               3,100    0.134
      Tanami, Northern
       Territory            100%      1,400    0.110      2,800    0.136
      ----------------      ---       -----    -----      -----    -----
    TOTAL AUSTRALIA/NEW
     ZEALAND                         22,300    0.023    241,000    0.019
    -------------------              ------    -----    -------    -----
    Batu Hijau, Indonesia
      Batu Hijau (6)     45.000%      5,100    0.001     29,100    0.001
      --------------     ------       -----    -----     ------    -----
    TOTAL BATU HIJAU                  5,100    0.001     29,100    0.001
    ----------------                  -----    -----     ------    -----
    Ghana, West Africa
      Ahafo                 100%      1,100    0.028     71,600    0.061
      Akyem                 100%          0              11,600    0.048
    TOTAL AFRICA                      1,100    0.028     83,200    0.059
    ------------                      -----    -----     ------    -----
    Other Operations and
     Projects
      Kori Kollo,
       Bolivia               88%      1,000    0.020        900    0.017
      La Herradura,
       Mexico                44%      5,100    0.020      7,200    0.019
      -------------          --       -----    -----      -----    -----
    TOTAL OTHER OPERATIONS
     AND PROJECTS                     6,100    0.020      8,100    0.019
    ----------------------            -----    -----      -----    -----
    TOTAL NEWMONT WORLDWIDE          53,800    0.038    759,340    0.025
    -----------------------          ------    -----    -------    -----
    



    
                                       December 31, 2008
                                       -----------------
    

    
    Deposits/              Measured + Indicated
     Districts                   Material            Inferred Material
                           --------------------      -----------------
                             Tonnage    Grade       Tonnage       Grade
                            (000 tons) (oz/ton)    (000 tons)   (oz/ton)
    ------                  ---------- --------    ----------   --------
    Nevada
      Carlin Trend
       Open Pit                88,400    0.040         21,100    0.023
      Carlin Trend
       Underground                340     0.33          3,100    0.327
      Lone Tree
       Complex                  4,200    0.022              0
      Midas                       200    0.186            100    0.321
      Phoenix                  61,600    0.015         34,000    0.019
      Twin Creeks              31,100    0.051         10,800    0.018
      Turquoise
       Ridge (3)                  900    0.435          1,100    0.505
      Nevada
       Stockpiles
       (4)                      3,700    0.060          2,400    0.043
      -----------               -----    -----          -----    -----
    Total Nevada              190,440    0.036         72,600    0.042
    ------------              -------    -----         ------    -----
    Yanacocha, Peru
      Conga                    58,000    0.013         79,000    0.011
      La Zanja(5)              18,000    0.021              0
      Yanacocha               150,700    0.020         34,600    0.018
      ---------               -------    -----         ------    -----
    Total Yanacocha           226,700    0.018        113,600    0.013
    ---------------           -------    -----        -------    -----
    Australia/New Zealand
      Boddington,
       Western
       Australia              247,900    0.015        131,800    0.017
      Jundee,
       Western
       Australia                  100    0.137          4,400    0.066
      Kalgoorlie,
       Western
       Australia                8,000    0.057          1,600    0.136
      Waihi, New
       Zealand                  3,100    0.134            300    0.146
      Tanami,
       Northern
       Territory                4,200    0.127          7,600    0.180
      ----------                -----    -----          -----    -----
    TOTAL
     AUSTRALIA/NEW
     ZEALAND                  263,300    0.019        145,700    0.028
    ---------------           -------    -----        -------    -----
    Batu Hijau, Indonesia
      Batu Hijau
       (6)                     34,200    0.001          4,400    0.001
      ----------               ------    -----          -----    -----
    TOTAL BATU
     HIJAU                     34,200    0.001          4,400    0.001
    ----------                 ------    -----          -----    -----
    Ghana, West Africa
      Ahafo                    72,700    0.060         19,100    0.120
      Akyem                    11,600    0.048          4,600    0.047
    TOTAL AFRICA               84,300    0.059         23,700    0.106
    ------------               ------    -----         ------    -----
    Other Operations and
     Projects
      Kori Kollo,
       Bolivia                  1,900    0.020            900    0.013
      La Herradura,
       Mexico                  12,300    0.019         35,500    0.020
      -----------              ------    -----         ------    -----
    TOTAL OTHER
     OPERATIONS AND
     PROJECTS                  14,200    0.019         36,400    0.020
    ---------------            ------    -----         ------    -----
    TOTAL NEWMONT
     WORLDWIDE                813,140    0.026        396,400    0.030
    -------------             -------    -----        -------    -----
    

    
    (1) Mineralized material is reported exclusive of reserves.
    (2) Mineralized material is calculated at a gold price of US$850, A$1,000,
    or NZ$1,175 per ounce unless otherwise noted.  2007 mineralized material
    was calculated at a gold price of US$625, A$800, or NZ$950 per ounce.
    Tonnage amounts have been rounded to the nearest 100,000.  Varying cut-off
    grades have been used for the calculation of mineralized material
depending on the mine or project, ore type and costs.
    (3) Mineralized material estimates were provided by Barrick, the operator
    of the Turquoise Ridge Joint Venture.  Barrick calculated mineralized
material not in reserves assuming a gold price of US$850 per ounce.
    (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.
    (5) Mineralized material estimates were provided by Buenaventura, the
    operator of the La Zanja Project. Buenaventura calculated mineralized
    material at a gold price of US$525 per ounce.
    (6) 45% reflects Newmont's ownership in PTNNT at year-end 2008.
    


    
    Copper Proven and Probable Equity Reserves:
    

    
                         Equity Copper Reserves(1)
                         -------------------------
                              December 31, 2008
                              -----------------
                                              Proven Reserves
                                              ---------------
                             Newmont
      Deposits/Districts      Share                            Copper
                                      Tonnage        Grade    (million
                                     (000 tons)     (Cu%)      pounds)
                                     ----------      -----    --------
    

    
        Batu Hijau(2)            45%    166,000      0.48%       1,600
        Batu Hijau,
         Stockpiles(2)(3)        45%        0                      0
      Batu Hijau,
       Indonesia                 45%    166,000      0.48%       1,600
      Boddington, Western
       Australia(4)           66.67%    125,500      0.11%         280
      Conga, Peru(5)          51.35%        0                      0
      Phoenix, Nevada           100%        0                      0
      ----------------          ---         ---                   ---
    TOTAL NEWMONT WORLDWIDE             291,500      0.32%       1,880
    -----------------------             -------      ----        -----
    


    
                                    December 31, 2008
                                    -----------------
                                    Probable Reserves
                                    -----------------
      Deposits/Districts                                     Copper
                             Tonnage        Grade           (million
                            (000 tons)      (Cu%)            pounds)
                            ----------      -----           --------
    

    
        Batu Hijau(2)          182,800       0.40%           1,460
        Batu Hijau,
         Stockpiles(2)(3)      131,400       0.34%             890
      Batu Hijau,
       Indonesia               314,200       0.37%           2,350
      Boddington, Western
       Australia(4)            457,700       0.11%           1,000
      Conga, Peru(5)           317,200       0.26%           1,660
      Phoenix, Nevada          302,000       0.15%             890
      ----------------         -------       ----              ---
    TOTAL NEWMONT WORLDWIDE  1,391,100       0.21%           5,900
    -----------------------  ---------       ----            -----
    


    
                                    December 31, 2008
                                    -----------------
                                Proven + Probable Reserves
                                --------------------------
      Deposits/Districts                                Copper
                             Tonnage         Grade     (million  Metallurgical
                            (000 tons)       (Cu%)      pounds)     Recovery
                            ----------       -----     --------     --------
    

    
        Batu Hijau(2)          348,800        0.44%       3,060         77%
        Batu Hijau,
         Stockpiles(2)(3)      131,400        0.34%         890         67%
      Batu Hijau,
       Indonesia               480,200        0.41%       3,950         75%
      Boddington, Western
       Australia(4)            583,200        0.11%       1,280         83%
      Conga, Peru(5)           317,200        0.26%       1,660         85%
      Phoenix, Nevada          302,000        0.15%         890         61%
      ----------------         -------        ----          ---         --
    TOTAL NEWMONT WORLDWIDE  1,682,600        0.23%       7,780         77%
    -----------------------  ---------        ----        -----         --
    



    
                                    December 31, 2007
                                    -----------------
                                Proven + Probable Reserve
                                -------------------------
      Deposits/Districts                                   Copper
                              Tonnage        Grade        (million
                            (000 tons)       (Cu%)         pounds)
                            ----------       -----        --------
    

    
        Batu Hijau(2)          378,900       0.43%           3,300
        Batu Hijau,
         Stockpiles(2)(3)      114,300       0.36%             820
      Batu Hijau,
       Indonesia               493,200       0.42%           4,120
      Boddington, Western
       Australia(4)            476,500       0.11%           1,030
      Conga, Peru(5)           317,200       0.26%           1,660
      Phoenix, Nevada          279,600       0.13%             740
      ----------------         -------       ----              ---
    TOTAL NEWMONT WORLDWIDE  1,566,500       0.24%           7,550
    -----------------------  ---------       ----            -----
    

    
    (1) Reserves are calculated at US$2.00 or A$2.40 per pound copper price
    unless otherwise noted.  2007 reserves were calculated at US$1.75 or
    A$2.00 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.  Varying cut-off grades have been used for the
    calculation of reserves depending on the mine or project, ore type and
    costs.
    (2) 45% reflects Newmont's ownership in PTNNT at year-end 2008.
    (3) 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.
    (4) Deposit currently being developed.
    (5) Deposit is undeveloped.
    


    
    Copper Non-Reserve Mineralization:
    

    
        Equity Copper Mineralized Material Not in Reserves(1)(2)
        --------------------------------------------------------
                            December 31, 2008
                            -----------------
    

    
    Deposits/Districts          Measured Material  Indicated Material
                                -----------------  ------------------
                        Newmont
                        Share     Tonnage   Grade   Tonnage   Grade
                                 (000 tons) (Cu%)  (000 tons) (Cu%)
                                 ---------- -----  ---------- -----
    

    
      Batu Hijau,
       Indonesia (3)         45%      5,100  0.18%     29,100  0.18%
      Boddington,
       Western
       Australia          66.67%     17,900  0.07%    230,000  0.09%
      Conga, Peru         51.35%          0  0.00%     58,000  0.18%
      Phoenix, Nevada       100%          0  0.00%     91,700  0.20%
    TOTAL NEWMONT WORLDWIDE          23,000  0.09%    408,800  0.13%
    -----------------------          ------  ----     -------  ----
    


    
                            December 31, 2008
                            -----------------
    Deposits/           Measured + Indicated
     Districts                Material           Inferred Material
                        --------------------     -----------------
                            Tonnage   Grade       Tonnage    Grade
                          (000 tons)  (Cu%)      (000 tons)  (Cu%)
                          ----------  -----      ----------  -----
    

    
      Batu Hijau,
       Indonesia
       (3)                    34,200  0.18%           4,400  0.22%
      Boddington,
       Western
       Australia             247,900  0.09%         131,800  0.10%
      Conga, Peru             58,000  0.18%          79,000  0.17%
      Phoenix,
       Nevada                 91,700  0.20%          95,953  0.23%
    TOTAL NEWMONT
     WORLDWIDE               431,800  0.13%         311,153  0.16%
    -------------            -------  ----          -------  ----
    

    
    (1) Mineralized material is reported exclusive of reserves.
    (2) Mineralized material is calculated at a copper price of US$2.50 or
    A$3.00 per pound unless otherwise noted.  2007 mineralized material was
    calculated at a copper price of US$2.00 or A$2.50 per pound.  Tonnage
    amounts have been rounded to the nearest 100,000.  Varying cut-off grades
    have been used for the calculation of mineralized material depending on
    the mine or project, ore type and costs.
    (3) 45% reflects Newmont's ownership in PTNNT at year-end 2008.





    




For further information:

For further information: Investors, John Seaberg, +1-303-837-5743,
john.seaberg@newmont.com, or media, Omar Jabara, +1-303-837-5114,
omar.jabara@newmont.com, both of Newmont Mining Corporation Web Site:
http://www.newmont.com

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