Newmont Generates First Quarter 2010 Operating Cash Flow of $728 Million;
Adjusted Net Income(1) of $408 million, up 105% from First Quarter 2009


    
    This release should be read in conjunction with Newmont's First Quarter
    2010 Form 10-Q filed with the Securities and Exchange Commission on April
    27, 2010 (available at www.newmont.com).





    
</pre>
<p><span class="xn-location">DENVER</span>, <span class="xn-chron">April 27</span> /CNW/ -- Newmont Mining Corporation (NYSE:   NEM) ("Newmont" or  the "Company") today announced first quarter results, with net cash from continuing operations of <span class="xn-money">$728 million</span>.  Equity gold production for the quarter was 1.3 million ounces and the average realized gold price was <span class="xn-money">$1,106</span> per ounce. Costs applicable to sales for gold were <span class="xn-money">$480</span> per ounce on a co-product basis, resulting in adjusted net income(1) of <span class="xn-money">$408 million</span> (<span class="xn-money">$0.83</span> per share) compared to <span class="xn-money">$199 million</span> (<span class="xn-money">$0.42</span> per share) in the prior year quarter. Net income attributable to Newmont stockholders on a GAAP basis was <span class="xn-money">$546 million</span> (<span class="xn-money">$1.11</span> per share) compared to <span class="xn-money">$189 million</span> (<span class="xn-money">$0.40</span> per share) in the prior year quarter.</p>
<pre>
    

    First Quarter 2010 Highlights:

    --  Equity gold and copper production of 1.3 million ounces and 90 million
        pounds, respectively;
    --  Average realized gold and copper price of $1,106 per ounce and $3.33
        per pound, respectively;
    --  Costs applicable to sales for gold and copper of $480 per ounce on a
        co-product basis ($241 on a by-product basis) and $0.78 per pound,
        respectively;
    --  Sales of $2.2 billion, an increase of 46% over the first quarter of
        2009;
    --  Gold operating margin(2) of 57%, up from 52% in the first quarter of
        2009;
    --  Net cash provided from continuing operations of $728 million, up 91%
        from the first quarter of 2009;
    --  Adjusted net income(1) of $408 million ($0.83 per share), up 105% (98%
        on a per share basis) from the first quarter of 2009; and
    --  Maintaining 2010 outlook for gold production, costs applicable to
sales
        and capital expenditures.


    
</pre>
<p>"With a 22% increase in our average realized gold price, our net gold operating margin expanded by 32% to <span class="xn-money">$626</span> per ounce, further demonstrating our ability to provide significant gold price leverage through expanding cash operating margins," said Richard O'Brien, President and Chief Executive Officer.  "We also recently secured the mining lease for our Akyem project in <span class="xn-location">Ghana</span> and continue our dialogue with local communities and Ghanaian authorities. In addition, we are advancing our development plans at Conga in <span class="xn-location">Peru</span> following a successful public meeting with local stakeholders. The strength of our balance sheet coupled with the progress being made on our advanced development assets, Newmont is well positioned to invest in our project pipeline while maintaining our financial strength and flexibility."</p>
<p/>
<p>The Company is maintaining its previously announced 2010 outlook for equity gold production of 5.3 to 5.5 million ounces and costs applicable to sales of between <span class="xn-money">$450</span> and <span class="xn-money">$480</span> per ounce on a co-product basis.  Costs applicable to sales are expected to change by approximately <span class="xn-money">$5</span> per ounce for every <span class="xn-money">$10</span> change in the oil price and by roughly <span class="xn-money">$5</span> per ounce for every 0.10 change in the Australian dollar exchange rate for the remainder of the year.</p>
<pre>
    

    Regional Operations

    
</pre>
<p>In the first quarter of 2010, the Company reported equity gold production of 1.3 million ounces at costs applicable to sales of <span class="xn-money">$480</span> per ounce on a co-product basis, in line with management's expectations. Costs applicable to sales per gold ounce increased 11% in the first quarter of 2010 from 2009 due to higher mining and milling costs and lower production in Nevada and at Yanacocha in <span class="xn-location">Peru</span>.</p>
<pre>
    

    North America

    
</pre>
<p>Nevada - Nevada produced 433,000 equity ounces of gold at costs applicable to sales of <span class="xn-money">$610</span> per ounce during the first quarter.  Equity gold production met expectations and costs applicable to sales were slightly higher than expected due to lower by-product credits, higher underground mining costs and higher production taxes.  Gold ounces produced decreased 16% in the first quarter of 2010 from 2009 due to lower grade, throughput and recovery. Costs applicable to sales per ounce increased 20% in the first quarter of 2010 from 2009 due to lower production and higher surface mining costs related to geotechnical issues at Gold Quarry and lower capitalized mine development activities.</p>
<p/>
<p>The Company continues to expect 2010 equity gold production from Nevada of approximately 1.6 to 1.7 million ounces at costs applicable to sales of between <span class="xn-money">$590</span> and <span class="xn-money">$630</span> per ounce.</p>
<p/>
<p>La Herradura - Equity gold production at La Herradura in <span class="xn-location">Mexico</span> during the first quarter was 40,000 ounces at costs applicable to sales of <span class="xn-money">$344</span> per ounce.  Equity gold production was slightly higher than expected and costs applicable to sales were lower than expected due to higher leach placement and production from the new Soledad and Dipolos deposits.  Gold ounces produced increased 60% in the first quarter of 2010 from 2009 due to the commencement of production from the Soledad and Dipolos pits in <span class="xn-chron">January 2010</span>. Costs applicable to sales per ounce decreased 11% in the first quarter of 2010 from 2009 due to higher production.</p>
<p/>
<p>The Company expects La Herradura equity gold production to reach 140,000 to 150,000 ounces in 2010 with costs applicable to sales of between <span class="xn-money">$400</span> and <span class="xn-money">$430</span> per ounce.</p>
<pre>
    

    South America

    
</pre>
<p>Yanacocha - Equity gold production during the first quarter at Yanacocha in <span class="xn-location">Peru</span> was 217,000 ounces at costs applicable to sales of <span class="xn-money">$372</span> per ounce.  Equity gold production was lower than expected due to lower leach production partially offset by higher mill production. Costs applicable to sales were higher than expected due to higher milling costs, lower leach production, higher royalties and lower by-product credits.  Gold ounces produced decreased 15% in the first quarter of 2010 from 2009 due to lower mill grade and recovery combined with lower leach tons placed related to mine sequencing. Costs applicable to sales per ounce increased 15% in the first quarter of 2010 from 2009 due to lower production, higher waste mining and higher costs related to maintenance, workers' participation and royalties.</p>
<p/>
<p>The Company continues to expect 2010 equity gold production at Yanacocha of between 750,000 and 810,000 ounces at costs applicable to sales of between <span class="xn-money">$360</span> and <span class="xn-money">$400</span> per ounce.</p>
<pre>
    

    Asia Pacific

    
</pre>
<p>Boddington - As the Company continues to ramp-up to full production at Boddington, equity gold and copper production during the first quarter was 158,000 ounces and 14 million pounds, respectively, at costs applicable to sales of <span class="xn-money">$532</span> per ounce (<span class="xn-money">$436</span> per ounce on a by-product basis(3)) and <span class="xn-money">$2.15</span> per pound.</p>
<p/>
<p>The Company continues to expect 2010 equity gold production at Boddington of 800,000 to 875,000 ounces with costs applicable to sales of <span class="xn-money">$375 to $395</span> per ounce on a co-product basis (<span class="xn-money">$295 to $315</span> per ounce on a by-product basis) and 2010 equity copper production of 65 to 75 million pounds at costs applicable to sales of between <span class="xn-money">$1.30</span> and <span class="xn-money">$1.45</span> per pound.</p>
<p/>
<p>Batu Hijau - Equity gold and copper production during the first quarter at Batu Hijau in <span class="xn-location">Indonesia</span> were 88,000 ounces and 76 million pounds, respectively, at costs applicable to sales of <span class="xn-money">$215</span> per ounce and <span class="xn-money">$0.67</span> per pound, respectively. Equity gold and copper production were in line with expectations and costs applicable to sales were slightly better than expected due to lower mining costs and a lower allocation of costs to gold. Copper and gold produced increased 79% and 181% in the first quarter of 2010 from 2009, respectively, due to higher throughput and grade as a result of mining in the bottom of Phase 5. Costs applicable to sales decreased 25% and 47% for copper and gold, respectively, in the first quarter of 2010 from 2009 due to higher production and lower mining costs.</p>
<p/>
<p>The Company expects 2010 equity gold and copper production at Batu Hijau to decrease to between 365,000 and 400,000 ounces, and to between 270 and 295 million pounds, respectively, due to the 2009 7% share divestiture completed in <span class="xn-chron">March 2010</span>.  The Company's current economic interest at Batu Hijau is 48.5%.  The Company continues to expect 2010 costs applicable to sales of between <span class="xn-money">$265</span> and <span class="xn-money">$285</span> per ounce and <span class="xn-money">$0.75</span> and <span class="xn-money">$0.85</span> per pound.</p>
<p/>
<p>Other Australia/New Zealand - Equity gold production during the first quarter was 276,000 ounces at costs applicable to sales of <span class="xn-money">$558</span> per ounce.  Equity gold production was in line with expectations as higher production at Kalgoorlie was offset by lower production at Tanami.  Costs applicable to sales were slightly higher than expected due to the stronger Australian dollar.  Gold ounces produced decreased 10% in the first quarter of 2010 from 2009, due to lower production at Tanami, Jundee and Waihi, partially offset by increased production at Kalgoorlie. Production decreased due to lower grade at Tamami, Jundee and Waihi and lower throughput as a result of mill maintenance at Tanami. Production increased at Kalgoorlie due to higher grade and throughput. Costs applicable to sales per ounce increased 13% in the first quarter of 2010 from 2009 due to lower production and the stronger Australian dollar.</p>
<p/>
<p>The Company continues to expect 2010 equity gold production at the Company's other Australia/New Zealand operations of between 1.06 and 1.16 million ounces at costs applicable to sales of <span class="xn-money">$530 to $570</span> per ounce.</p>
<pre>
    

    Africa

    
</pre>
<p>Ahafo - Equity gold production during the first quarter at Ahafo in <span class="xn-location">Ghana</span> was 120,000 ounces at costs applicable to sales of <span class="xn-money">$542</span> per ounce, in line with expectations.  Gold ounces produced decreased 8% in the first quarter of 2010 from 2009 due to lower grade and recovery, partially offset by higher throughput. Costs applicable to sales per ounce increased 36% in the first quarter of 2010 from 2009 due to lower production and higher labor and fuel costs.</p>
<p/>
<p>The Company continues to expect 2010 equity gold production at Ahafo of between 460,000 and 500,000 ounces at costs applicable to sales of <span class="xn-money">$515 to $555</span> per ounce.</p>
<pre>
    

    Capital Update

    
</pre>
<p>Consolidated capital expenditures were <span class="xn-money">$309 million</span> during the first quarter. The Company is maintaining its 2010 consolidated capital expenditure outlook of between <span class="xn-money">$1.4</span> and <span class="xn-money">$1.6 billion</span> with approximately 30% to be invested in each of the <span class="xn-location">North America</span> and Asia Pacific regions, and the remaining 40% at other locations.  Approximately 40% of 2010 consolidated capital expenditures is expected to be related to major project initiatives, including further development of the Company's Akyem project in <span class="xn-location">Ghana</span>, the Conga project in <span class="xn-location">Peru</span>, <span class="xn-person">Hope Bay</span> in <span class="xn-location">Canada</span> and other projects, while the remaining 60% is expected to be for maintenance and sustaining expenditures.</p>
<pre>
    

    Updated 2010 Outlook(4)

    
</pre>
<p>In addition to the minor production outlook adjustments related to the recent Batu Hijau share divestiture, the Company is increasing outlook for Advanced Products and R&D spending to <span class="xn-money">$230 to $250 million</span>.  The increase is primarily related to higher anticipated spending at <span class="xn-person">Hope Bay</span> as preparations are being made to develop the decline in the second half of 2010.</p>
<pre>
    


    
</pre>
<p> </p>
<p> </p>
<pre>
    
    Description                              Q1 Update       2010 Original
    -----------                              ---------       -------------
      Equity gold production (Kozs)        5,300 - 5,500     5,300 - 5,500
      -----------------------------        -------------     -------------
      Costs applicable to sales -Gold
       ($/oz)                                    $450 - $480       $450 - $480
      -------------------------------            -----------       -----------
      Equity copper production (Mlbs)        330 - 360         350 - 380
      -------------------------------        ---------         ---------
      Costs applicable to sales  -Copper
       ($/lb)                                  $0.85 - $0.95     $0.85 - $0.95
      ----------------------------------       -------------     -------------
      Capital expenditures ($M)              $1,400 - $1,600   $1,400 - $1,600
      -------------------------              ---------------   ---------------
      Amortization ($M)                        $970 - $1,000       $940 - $970
      -----------------                        -------------       -----------
      Exploration ($M)                           $190 - $220       $190 - $220
      ----------------                           -----------       -----------
      Advanced projects, research and
       development ($M)                          $230 - $250       $185 - $210
      -------------------------------            -----------       -----------
      General & administrative ($M)              $160 - $170       $160 - $170
      -----------------------------              -----------       -----------
      Interest expense, net of capitalized
       interest ($M)                             $270 - $290       $270 - $290
      ------------------------------------       -----------       -----------
      Effective tax rate                           24% - 28%        28% - 32%
      ------------------                           ---------         ---------
     Assumptions
     -----------
      Oil price ($/bbl)                                  $80               $80
      -----------------                                  ---               ---
      Australian dollar exchange rate                   0.90              0.80
      -------------------------------                   ----              ----
      Gold price ($/oz)                               $1,100              $900
      -----------------                               ------              ----
      Copper price ($/lb)                              $3.00             $2.50
      -------------------                              -----             -----
    
</pre>
<p> </p>
<pre>
    
    (4) All references to expected production and outlook guidance are
    based on current mine plans, assumptions and current geotechnical,
    metallurgical, hydrological and other physical conditions. See
    "Cautionary Statement" on page 12.


    
</pre>
<p> </p>
<p>  Condensed Statements of Consolidated Income</p>
<p> </p>
<pre>
    
                                                  Three Months Ended
                                                       March 31,
                                                       ---------
                                                   2010                 2009
                                                   ----                 ----
                                               (unaudited, in millions, except
                                                                    per share)
    
</pre>
<p> </p>
<p>Sales                                        <span class="xn-money">$2,242</span>               <span class="xn-money">$1,536</span></p>
<p> </p>
<pre>
    
    Costs and expenses
      Costs applicable to sales (1)                 875                  739
      Amortization                                  224                  191
      Reclamation and remediation                    13                   12
      Exploration                                    43                   41
      Advanced projects, research and
       development                                   46                   31
      General and administrative                     45                   39
      Other expense, net                             89                   73
                                                    ---                  ---
                                                  1,335                1,126
                                                  -----                -----
    Other income (expense)
      Other income, net                              48                    9
      Interest expense, net                         (75)                 (32)
                                                    ---                  ---
                                                    (27)                 (23)
                                                    ---                  ---
    Income before income tax and other items        880                  387
    Income tax expense                             (135)                (105)
    Equity loss of affiliates                        (2)                  (5)
                                                    ---                  ---
    Net income                                      743                  277
    Net income attributable to noncontrolling
     interests                                     (197)                 (88)
                                                   ----                  ---
    Net income attributable to Newmont
     stockholders                                  $546                 $189
                                                   ====                 ====
    
</pre>
<p> </p>
<p>Income per common share, basic and diluted    <span class="xn-money">$1.11</span>                <span class="xn-money">$0.40</span></p>
<p> </p>
<p>Cash dividends declared per common share      <span class="xn-money">$0.10</span>                <span class="xn-money">$0.10</span></p>
<p> </p>
<pre>
    
    (1) Exclusive of Amortization and Reclamation and remediation



    
</pre>
<p>The Company's financial statements can be found on its website at <a href="http://www.newmont.com">www.newmont.com</a>.</p>
<pre>
    


    
</pre>
<p> </p>
<p> Condensed Statements of Cash Flow</p>
<p> </p>
<pre>
    
                                                   Three Months Ended March
                                                              31,
                                                   -------------------------
                                                      2010               2009
                                                      ----               ----
                                                   (unaudited, in millions)
    Operating activities:
        Net income                                    $743               $277
        Adjustments:
         Amortization                                  224                191
         Reclamation and remediation                    13                 12
         Deferred income taxes                        (102)               (19)
         Stock based compensation and other
          benefits                                      18                 14
         Other operating adjustments and write-
          downs                                          5                 36
         Net change in operating assets and
          liabilities                                 (173)              (130)
                                                      ----               ----
    Net cash provided from continuing
     operations                                        728                381
    Net cash provided from (used in)
     discontinued operations                           (13)                 4
                                                       ---                ---
    Net cash provided from operations                  715                385
                                                       ---                ---
    Investing activities:
        Additions to property, plant and mine
         development                                  (309)              (330)
        Investments in marketable debt and equity
         securities                                     (3)                 -
        Acquisitions, net                                -                (11)
        Proceeds from sale of other assets              38                  -
        Other                                          (11)               (13)
                                                       ---                ---
    Net cash used in investing activities             (285)              (354)
                                                      ----               ----
    Financing activities:
        Proceeds from debt, net                          -              1,369
        Repayment of debt                             (250)            (1,589)
        Sale of subsidiary shares to
         noncontrolling interests                      229                  -
        Acquisition of subsidiary shares from
         noncontrolling interests                      (39)                 -
        Dividends paid to common stockholders          (49)               (49)
        Dividends paid to noncontrolling interests    (220)                 -
        Proceeds from stock issuance, net                3              1,239
        Change in restricted cash and other             46                 13
                                                       ---                ---
    Net cash provided from (used in) financing
     activities of continuing operations              (280)               983
    Net cash used in financing activities of
     discontinued operations                             -                 (1)
                                                       ---                ---
    Net cash provided from (used in) financing
     activities                                       (280)               982
    Effect of exchange rate changes on cash             (1)                 1
                                                       ---                ---
    Net change in cash and cash equivalents            149              1,014
    Cash and cash equivalents at beginning of
     period                                          3,215                435
                                                     -----                ---
    
</pre>
<p> </p>
<pre>
    
    Cash and cash equivalents at end of period      $3,364             $1,449
                                                    ======             ======



    
</pre>
<p>The Company's financial statements can be found on its website at <a href="http://www.newmont.com">www.newmont.com</a>.</p>
<pre>
    



    
</pre>
<p> </p>
<p>  Condensed Consolidated Balance Sheets</p>
<p> </p>
<pre>
    
                                                               At December
                                       At March 31,                        31,
                                               2010                 2009
                                           (unaudited, in millions)
      ASSETS
    Cash and cash equivalents                $3,364               $3,215
    Trade receivables                           491                  438
    Accounts receivable                         110                  102
    Investments                                  73                   56
    Inventories                                 501                  493
    Stockpiles and ore on leach pads            470                  403
    Deferred income tax assets                  229                  215
    Other current assets                        723                  900
                                                ---                  ---
      Current assets                          5,961                5,822
    Property, plant and mine
     development, net                        12,456               12,370
    Investments                               1,232                1,186
    Stockpiles and ore on leach pads          1,519                1,502
    Deferred income tax assets                1,030                  937
    Other long-term assets                      447                  482
      Total assets                          $22,645              $22,299
                                            =======              =======
      LIABILITIES
    Current portion of debt                     $78                 $157
    Accounts payable                            356                  396
    Employee-related benefits                   179                  250
    Income and mining taxes                     280                  200
    Other current liabilities                 1,120                1,317
                                              -----                -----
      Current liabilities                     2,013                2,320
    Debt                                      4,496                4,652
    Reclamation and remediation
     liabilities                                810                  805
    Deferred income tax liabilities           1,370                1,341
    Employee-related benefits                   395                  381
    Other long-term liabilities                 156                  174
    Liabilities of operations held for
     sale                                         -                   13
                                                ---                  ---
      Total liabilities                       9,240                9,686
                                              -----                -----
    Commitments and contingencies
      EQUITY
    Common stock                                773                  770
    Additional paid-in capital                8,188                8,158
    Accumulated other comprehensive
     income                                     743                  626
    Retained earnings                         1,646                1,149
                                              -----                -----
    Newmont stockholders' equity             11,350               10,703
    Noncontrolling interests                  2,055                1,910
                                              -----                -----
      Total equity                           13,405               12,613
                                             ------               ------
      Total liabilities and equity          $22,645              $22,299
                                            =======              =======



    
</pre>
<p>The Company's financial statements can be found on its website at <a href="http://www.newmont.com">www.newmont.com</a>.</p>
<pre>
    



    
</pre>
<p> </p>
<p>Production Statistics</p>
<p> </p>
<pre>
    
                                              Three Months Ended March 31,
                                              ----------------------------
                                                   2010               2009
                                                    ---                ---
     Gold
     ----
     Consolidated ounces produced
      (thousands):
       North America
        Nevada                                      433                518
        La Herradura                                 40                 25
                                                    473                543
                                                    ---                ---
       South America
        Yanacocha                                   423                499
    
</pre>
<p> </p>
<pre>
    
       Asia Pacific
        Boddington                                  158                  -
        Batu Hijau                                  166                 59
        Other
          Jundee                                     92                102
          Kalgoorlie                                104                 76
          Tanami                                     53                 89
          Waihi                                      27                 39
                                                    276                306
                                                    ---                ---
                                                    600                365
                                                    ---                ---
       Africa
        Ahafo                                       120                130
                                                  1,616              1,537
                                                  =====              =====
    
</pre>
<p> </p>
<pre>
    
     Copper
     ------
     Consolidated pounds produced
      (millions):
       Asia Pacific
        Boddington                                   14                  -
        Batu Hijau                                  145                 81
                                                    159                 81
                                                    ===                ===
    
</pre>
<p> </p>
<pre>
    
     Gold
     ----
     Equity ounces produced (thousands):
       North America
        Nevada                                      433                518
        La Herradura                                 40                 25
                                                    473                543
                                                    ---                ---
       South America
        Yanacocha                                   217                256
    
</pre>
<p> </p>
<pre>
    
       Asia Pacific
        Boddington                                  158                  -
        Batu Hijau                                   88                 26
        Other
          Jundee                                     92                102
          Kalgoorlie                                104                 76
          Tanami                                     53                 89
          Waihi                                      27                 39
                                                    276                306
                                                    ---                ---
                                                    522                332
                                                    ---                ---
       Africa
        Ahafo                                       120                130
                                                  1,332              1,261
                                                  -----              -----
       Discontinued Operations
        Kori Kollo                                    -                 15
                                                  1,332              1,276
                                                  =====              =====
    
</pre>
<p> </p>
<pre>
    
     Copper
     ------
     Equity pounds produced (millions):
       Asia Pacific
        Boddington                                   14                  -
        Batu Hijau                                   76                 37
                                                     90                 37
                                                    ===                ===




    
</pre>
<p> </p>
<p> </p>
<p> </p>
<pre>
    
                                              Three Months Ended March 31,
                                              ----------------------------
                                                    2010              2009
                                                     ---               ---
     Gold
     ----
      Costs Applicable to Sales ($/ounce)
       (1)
       North America
        Nevada                                      $610              $509
        La Herradura                                 344               387
                                                     ---               ---
                                                     587               503
                                                     ---               ---
       South America
        Yanacocha                                    372               324
    
</pre>
<p> </p>
<pre>
    
       Asia Pacific
        Boddington                                   532                 -
        Batu Hijau                                   215               406
        Other
         Jundee                                      386               353
         Kalgoorlie                                  539               643
         Tanami                                      844               574
         Waihi                                       655               367
                                                     558               492
                                                     ---               ---
                                                     459               476
                                                     ---               ---
       Africa
        Ahafo                                        542               399
                                                     ---               ---
       Average                                      $480              $431
                                                    ====              ====
    
</pre>
<p> </p>
<pre>
    
     Copper
     ------
      Costs Applicable to Sales ($/pound)
       (1)
       Asia Pacific
        Boddington                                 $2.15                $-
        Batu Hijau                                  0.67              0.89
       Average                                     $0.78             $0.89
                                                   =====             =====
    
</pre>
<p> </p>
<p> </p>
<pre>
    
                                            Three Months Ended March 31,
                                           ----------------------------
                                                    2010              2009
                                                     ---               ---
     Consolidated Capital Expenditures
      ($ million)
       North America
        Nevada                                       $48               $53
        Hope Bay                                       9                 1
        La Herradura                                  14                 9
                                                      71                63
                                                     ---               ---
       South America
        Yanacocha                                     40                27
        Conga                                         17                 6
                                                      57                33
                                                     ---               ---
    
</pre>
<p> </p>
<pre>
    
       Asia Pacific
        Boddington                                    48               216
        Jundee                                        10                 5
        Tanami                                        19                10
        Kalgoorlie                                     4                 2
        Waihi                                          3                 1
        Batu Hijau                                    28                 6
        Other Asia Pacific                             2                 1
                                                     114               241
                                                     ---               ---
       Africa
        Ahafo                                         21                 9
        Akyem                                          6                 1
                                                      27                10
        Corporate and Other                            3                 3
                                                     ---               ---
     Total - Accrual Basis                           272               350
                                                     ---               ---
    
</pre>
<p> </p>
<p> Change in Capital Accrual                        37               (20)</p>
<p> </p>
<pre>
    
     Total - Cash Basis                             $309              $330
                                                    ====              ====
    
</pre>
<p> </p>
<pre>
    
    (1) Excludes Amortization and Reclamation.



    Supplemental Information

    Non-GAAP Financial Measures

    
</pre>
<p>Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by generally accepted accounting principles ("GAAP"). These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.</p>
<pre>
    

    Reconciliation of Adjusted Net Income to GAAP Net Income

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



    
</pre>
<p> </p>
<p> </p>
<p> </p>
<pre>
    
     ($million except per share, after-tax)           Q1 2010       Q1 2009
     --------------------------------------           -------       -------
     GAAP Net income attributable to Newmont
      Stockholders                                       $546          $189
     Income tax estimate revisions                       (127)            -
     Net gain on asset sales                              (25)            -
     PTNNT community contribution                          13             -
     Impairment of assets                                   1             5
     Boddington acquisition costs                           -             5
     Adjusted net income                                 $408          $199
     ===================                                 ====          ====
     Adjusted net income per share                      $0.83         $0.42
     =============================                      =====         =====



    
</pre>
<p>Reconciliation of Co-Product Costs Applicable to Sales to By-Product Costs Applicable to Sales</p>
<p/>
<p>Sales and Costs applicable to sales for Boddington are presented in the Condensed Consolidated Financial Statements for both gold and copper due to the significant portion of copper production (approximately 15-20% of total sales based on the latest life-of-mine plan and metal price assumptions). The co-product method allocates costs applicable to sales to each metal based on specifically identifiable costs where applicable and on a relative proportion of sales values for other costs. Management also assesses the performance of the Boddington mine on a by-product basis due to the majority of sales being derived from gold and to determine contingent consideration payments to AngloGold. The by-product method deducts copper sales from costs applicable to sales as shown in the following tables:</p>
<pre>
    


    
</pre>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<pre>
    
     Boddington           By-Product
                            method               Co-Product method
                            ------               -----------------
     Q1 2010                 Gold      Gold          Copper        Total
     -------                 ----      ----          ------        -----
     ($million except
      per ounce/pound)
     Revenue, net                $167      $167            $38         $205
     Production costs:
       Direct mining and
        production costs          131       103             28          131
       By-product
        credits                   (39)       (1)             -           (1)
       Royalties and
        production taxes            7         5              2            7
       Other                      (33)      (27)            (6)         (33)
       -----                      ---       ---            ---          ---
         Costs applicable
          to sales                 66        80             24          104
         Amortization and
          reclamation              29        23              6           29
         Total production
          costs                    95       103             30          133
         ----------------         ---       ---            ---          ---
          Gross margin             72        64              8           72
          ============            ===       ===            ===          ===
    
</pre>
<p> </p>
<pre>
    
     Gold ounces sold
      (000)                       150       150
     Costs applicable
      to sales per
      ounce                      $436      $532
     Copper pounds sold
      (millions)                  N/A                       11
     Costs applicable
      to sales per
      pound                       N/A                    $2.15
     ----------------             ---                    -----
    
</pre>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<pre>
    
     Consolidated         By-Product
     (Boddington and
      Batu Hijau By-
      Product)              method             Co-Product method
                            ------             -----------------
     Q1 2010                 Gold      Gold          Copper        Total
     -------                 ----      ----          ------        -----
     ($million except
      per ounce/pound)
     Revenue, net              $1,749    $1,749           $493       $2,242
     Production costs:
       Direct mining and
        production costs          926       813            113          926
       By-product
        credits                  (536)      (36)            (7)         (43)
       Royalties and
        production taxes           49        44              5           49
       Other                      (57)      (61)             4          (57)
       -----                      ---       ---            ---          ---
         Costs applicable
          to sales                382       760            115          875
         Amortization and
          reclamation             235       199             36          235
         Total production
          costs                   617       959            151        1,110
         ----------------         ---       ---            ---        -----
          Gross margin          1,132       790            342        1,132
          ============          =====       ===            ===        =====
    
</pre>
<p> </p>
<pre>
    
     Gold ounces sold
      (000)                     1,581     1,581
     Costs applicable
      to sales per
      ounce                      $241      $480
     Copper pounds sold
      (millions)                  N/A                      148
     Costs applicable
      to sales per
      pound                       N/A                    $0.78
     ----------------             ---                    -----



    
</pre>
<p>To view complete financial disclosure, including regional mine statistics, Results of Consolidated Operations, Liquidity and Capital Resources, Management's Discussion & Analysis, the Form 10-Q, and a complete outline of the 2009 Operating and Financial guidance by region, please see <a href="http://www.newmont.com">www.newmont.com</a>.</p>
<p/>
<p>The Company's first quarter and earnings conference call and web cast presentation will be held on <span class="xn-chron">Tuesday, April 27, 2010</span> beginning at <span class="xn-chron">11:00 a.m. Eastern Time</span> (<span class="xn-chron">9:00 a.m. Mountain Time</span>).  To participate:</p>
<pre>
    


    
</pre>
<p> </p>
<p> </p>
<pre>
    
    Dial-In Number            800.369.1673
    Intl Dial-In Number       517.308.9349
    Leader                    John Seaberg
    Passcode                  Newmont
    Replay Number             888.568.0526
    Intl Replay Number        203.369.3194
    Replay Passcode                            2010



    
</pre>
<p>The conference call also will be simultaneously carried on our web site at <a href="http://www.newmont.com">www.newmont.com</a> under Investor Relations/Presentations and will be archived there for a limited time.</p>
<pre>
    

    Cautionary Statement

    
</pre>
<p>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 which 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 future production and sales; (ii) estimates of future capital expenditures, costs applicable to sales, other expenses and taxes, for specific operations and on a consolidated basis; (iii) statements regarding future exploration expenditures, results and reserves; (iv) statements regarding fluctuations in capital and currency markets; (v) statements regarding potential cost savings, productivity, operating performance, and cost structure; and (vi) expectations regarding the ramp-up, development, mine life, production and costs applicable to sales and exploration potential of the Company's projects, including Boddington, Akyem, Conga and <span class="xn-person">Hope Bay</span>.  Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect.  Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company's projects being consistent with current expectations and mine plans; (iii) political developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar to the U.S. dollar, as well as other the exchange rates being approximately consistent with current levels; (v) certain price assumptions for gold, copper and oil; (vi) certain assumptions for taxes, royalties and other expenses; (vii) prices for key supplies being approximately consistent with current levels; and (viii) the accuracy of our current mineral reserve and mineral resource estimates. 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 2009 Annual Report on Form 10-K, filed on <span class="xn-chron">February 25, 2010</span>, 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.</p>
<p/>
<p>(1) See reconciliation of adjusted net income to net income on a GAAP basis on page 10.</p>
<p>(2 ) "Gold operating margin" defined as average realized price per ounce less costs applicable to sales per ounce, excluding amortization and reclamation per ounce.</p>
<p>(3) See reconciliation from by-product costs applicable to sales to GAAP costs applicable to sales on page 11.</p>
<pre>
    





    

For further information: For further information: Investors, John Seaberg, +1-303-837-5743, john.seaberg@newmont.com, or Monica Brisnehan, +1-303-837-5836, monica.brisnehan@newmont.com, or Media, Omar Jabara, +1-303-837-5114, omar.jabara@newmont.com, all of Newmont Mining Corporation Web Site: http://www.newmont.com


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