Newmont Generates First Quarter Net Cash From Continuing Operations of $387 Million ($0.82 per share); Maintaining 2009 Outlook



    This release should be read in conjunction with Newmont's First Quarter
2009 Form 10-Q filed with the Securities and Exchange Commission on April 30,
2009 (available at www.newmont.com).
    

    
    DENVER, April 30 /PRNewswire-FirstCall/ -- Newmont Mining Corporation
(NYSE:   NEM) ("Newmont" or the "Company") today announced first quarter
results, with net cash from continuing operations of $387 million ($0.82 per
share) with equity gold sales of 1.27 million ounces at an average realized
gold price of $906 per ounce.  Costs applicable to sales were $435 per ounce,
and adjusted net income(1) was $208 million ($0.44 per share).  Net income on
a GAAP basis(2) was $189 million ($0.40 per share) for the first quarter,
compared to $365 million ($0.81 per share) in the prior year quarter,
primarily due to lower realized gold and copper prices.
    

    First Quarter 2009 Highlights:

    --  Maintaining 2009 outlook for equity gold sales and cost applicable to
        sales per ounce;
    --  Net cash provided from continuing operations of $387 million ($0.82
per
        share);
    --  Equity gold sales of 1.27 million ounces at an average realized gold
        price of $906 per ounce;
    --  Equity copper sales of 43 million pounds at an average realized copper
        price of $1.69 per pound; and

    --  Adjusted net income(1) of $208 million ($0.44 per share).


    
    "Our operations provided solid results that were in-line with our
expectations and this performance sets us up well to deliver on our operating
plans for the full year in 2009.  Project execution is also going well and is
a clear focus for the balance of the year.  Completing our Boddington project
by mid-year and successfully ramping up to commercial production is a clear
driver of our 2009 performance," said Richard O'Brien, President and Chief
Executive Officer.
    

    
    Mr. O'Brien further added, "Lower commodity prices relative to last year
both hurt and helped our performance in the first quarter.  Lower copper
prices, in particular, negatively impacted our earnings and cash flow.  One
the positive side, lower than expected diesel costs and Australian dollar
exchange rates resulted in lower than expected costs applicable to sales.  If
input commodity prices remain at our forecasted levels for the balance of the
year and gold stays in the current trading range, we expect expanding margins
for the rest of the year."
    

    
    (1) See reconciliation from adjusted net income to GAAP Net income on
page 9 of this release.
    (2) In this release, GAAP Net income refers to Net income attributable to
Newmont stockholders.
    

    
    The Company is maintaining its previously announced 2009 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 Company's costs applicable to
sales forecast for 2009 now assumes an oil price of $50 per barrel and an
Australian dollar exchange rate of 0.70 for the balance of the year.  Costs
applicable to sales are expected to change by approximately $6 per ounce for
every $10 change in the oil price and by roughly $3 per ounce for every 0.10
change in the Australian dollar exchange rate for the remainder of the year.
    

    Regional Operations

    
    In the first quarter of 2009, the Company reported equity gold sales of
1.27 million ounces at costs applicable to sales of $435 per ounce.  The
Company's operations delivered equity gold sales slightly above expectations
as higher than expected sales in Nevada, Australia and at Batu Hijau in
Indonesia were partially offset by lower sales at Yanacocha in Peru.  Costs
applicable to sales per ounce were lower than expected in Nevada, in
Australia, at Yanacocha, at Batu Hijau and at Ahafo, partially offset by
higher costs at Kori Kollo in Bolivia.
    

    
    Nevada - Nevada sold 518,000 equity ounces of gold at costs applicable to
sales of $509 per ounce during the first quarter.  Equity gold sales were
higher than expected primarily due to higher throughput at Mill 6 and the Sage
Autoclave and higher underground production from Leeville, Chukar and Carlin
East, partially offset by lower production at Midas due to the temporary
suspension of mining following a ground failure which curtailed production in
March but has since resumed as of the end of April 2009.  Although costs
applicable to sales per ounce increased from the prior year quarter due to
lower production, higher underground contracted service costs and lower
by-product credits, results for the first quarter were below expectations due
to higher gold sales and lower diesel costs.  The Company continues to expect
2009 equity gold sales from Nevada of between 1.8 and 2.0 million ounces at
costs applicable to sales of between $535 and $575 per ounce.
    

    
    Yanacocha - Equity gold sales during the first quarter at Yanacocha in
Peru were 241,000 ounces at costs applicable to sales of $324 per ounce. 
Equity gold sales were below expectations due to a change in mine sequencing
that resulted in lower mill grades, partially offset by higher leach pad
production.  Costs applicable to sales per ounce were lower than expected due
to lower input costs partially offset by lower silver by-product credits and
higher royalty and production taxes from higher realized gold prices.  The
Company is maintaining its 2009 outlook for equity gold sales of between
975,000 and 1,025,000 ounces at costs applicable to sales of between $290 and
$310 per ounce.
    

    
    Australia/New Zealand - Equity gold sales during the first quarter in
Australia/New Zealand were 293,000 ounces at costs applicable to sales of $492
per ounce.  Equity gold sales exceeded expectations as higher grades and
recoveries at Jundee and Kalgoorlie more than offset lower throughput and
recoveries at Tanami.  Costs applicable to sales per ounce were lower than
expected due to higher gold sales and a more favorable Australian dollar
exchange rate during the quarter, partially offset by higher royalties and
production taxes.  Regional costs applicable to sales are expected to change
by approximately $15 per ounce for every 0.10 change in the Australian dollar
exchange rate for the remainder of the year.  The Company is maintaining its
2009 outlook for equity gold sales of between 1.5 and 1.6 million ounces at
costs applicable to sales of between $440 and $480 per ounce.
    

    
    Batu Hijau - Equity gold and copper sales during the first quarter at
Batu Hijau in Indonesia were 30,000 ounces and 43 million pounds,
respectively, at costs applicable to sales of $406 per ounce and $0.89 per
pound, respectively.  Equity gold and copper sales were higher than expected
primarily due to higher throughput from increased mill availability, higher
recoveries and increased concentrate shipments.  Total costs applicable to
sales were lower than expected as a result of lower input costs, partially
offset by additional sales from higher cost concentrate inventories.  Costs
applicable to sales allocated to gold were higher than expected due to the
application of co-product accounting, which resulted in a higher allocation of
costs to gold, as the Company realized higher gold revenues relative to copper
during the quarter.  For 2009, the Company continues to expect equity gold and
copper sales of between 225,000 and 250,000 ounces and 210 and 230 million
pounds, respectively.  As a result of an assumed higher gold price relative to
copper, the Company now expects costs applicable to sales for gold and copper
to be between $280 and $320 per ounce and $0.50 and $0.65 per pound,
respectively.
    

    
    Ahafo - Equity gold sales during the first quarter at Ahafo in Ghana were
144,000 ounces at costs applicable to sales of $399 per ounce.  Equity gold
sales were in-line with expectations as processing of higher grade material
was offset by lower throughput.  Costs applicable to sales per ounce were
lower than expected primarily due to lower input costs.  The Company is
maintaining its 2009 outlook for equity gold sales of between 500,000 and
525,000 ounces from Ahafo.  As a result of lower oil prices and an improved
power availability assumption, the Company has lowered its 2009 outlook for
costs applicable to sales to between $425 and $450 per ounce.
    

    Capital Update

    
    Consolidated capital expenditures were $330 million during the first
quarter, with over 50% attributable to the Boddington project in Australia. 
The Company is maintaining its 2009 consolidated capital expenditure outlook
at between $1.4 and $1.6 billion.
    

    
    Boddington - Development of the Boddington project in Australia was
approximately 95% complete at the end of the first quarter, with start-up
expected in mid-2009 and an anticipated 12-month ramp-up schedule. The Company
continues to expect capital expenditures of between $2.6 and $2.9 billion on a
100% basis.  Assuming the completion of the previously announced acquisition
of AngloGold Ashanti Ltd.'s 33.33% interest in the Boddington project, the
Company continues to expect annual gold sales of approximately one million
ounces at costs applicable to sales of approximately $300 per ounce (net of
by-product credits) for the first full five years of operation.
    

    

    
    Consolidated Statements of Income
    

    
                                                       Three Months Ended
                                                            March 31,
                                                           ----------
                                                       2009          2008
                                                       ----          ----
    Revenues
    Sales - gold, net                                $1,391        $1,511
    Sales - copper, net                                 161           432
                                                        ---           ---
                                                      1,552         1,943
                                                      -----         -----
    Costs and expenses
      Costs applicable to sales - gold (1)              668           641
      Costs applicable to sales - copper (1)             85           150
      Amortization                                      192           182
      Accretion                                           9             8
      Exploration                                        41            39
      Advanced projects, research and development        31            30
      General and administrative                         39            29
      Other expense, net                                 77            63
                                                         --            --
                                                      1,142         1,142
                                                      -----         -----
        Other income (expense)
      Other income, net                                   9            15
      Interest expense, net                             (32)          (28)
                                                         --            --
                                                        (23)          (13)
    Income from continuing operations before income
     tax expense and other items                        387           788
    Income tax expense                                 (105)         (232)
                                                        ---           ---
    Equity loss of affiliates                            (5)           (5)
                                                         --            --
    Income from continuing operations                   277           551
    Income from discontinued operations                  --             6
                                                        ---           ---
      Net income                                        277           557
      Less:  Net income attributable to noncontrolling
       interests                                         88           192
      Net income attributable to Newmont stockholders  $189          $365
                                                        ===           ===
    

    
      Net income attributable to Newmont stockholders:
          Continuing operations                        $189          $359
          Discontinued operations                        --             6
                                                       $189          $365
    

    
    Income per common share
        Basic:
          Continuing operations                       $0.40         $0.80
          Discontinued operations                        --          0.01
                                                        ---          ----
                                                      $0.40         $0.81
                                                       ====          ====
        Diluted:
          Continuing operations                       $0.40         $0.79
          Discontinued operations                        --          0.01
                                                        ---          ----
                                                      $0.40         $0.80
                                                       ====          ====
    Basic weighted-average common shares outstanding
                                                        472           453
                                                        ===           ===
    Diluted weighted-average common shares
     outstanding                                        473           457
                                                        ===           ===
    Cash dividends declared per common share          $0.10         $0.10
                                                       ====          ====
    

    
    (1) Exclusive of Amortization and Accretion.
    

    
    Consolidated Balance Sheets
    

    
                                                       At             At
                                                    March 31,     December 31,
                                                      2009           2008
                                                      ----           ----
                                                    (unaudited, in millions)
                           ASSETS
    Cash and cash equivalents                       $1,451             $435
    Marketable securities and other short-term
     investments                                        13               12
    Trade receivables                                  166              104
    Accounts receivable                                383              223
    Inventories                                        475              519
    Stockpiles and ore on leach pads                   319              324
    Deferred income tax assets                         194              286
    Other current assets                               350              458
                                                       ---              ---
        Current assets                               3,351            2,361
    Property, plant and mine development, net       10,194           10,132
    Investments                                        753              655
    Stockpiles and ore on leach pads                 1,237            1,145
    Deferred income tax assets                       1,120            1,039
    Other long-term assets                             182              207
    Goodwill                                           188              188
                                                       ---              ---
        Total assets                               $17,025          $15,727
                                                    ======           ======
                        LIABILITIES
    Current portion of long-term debt                 $223             $169
    Accounts payable                                   276              412
    Employee-related benefits                          172              178
    Income and mining taxes                             98               58
    Other current liabilities                          802              779
                                                       ---              ---
        Current liabilities                          1,571            1,596
    Long-term debt                                   2,749            3,072
    Reclamation and remediation liabilities            717              716
    Deferred income tax liabilities                  1,124            1,051
    Employee-related benefits                          384              379
    Other long-term liabilities                        251              252
                                                       ---              ---
        Total liabilities                            6,796            7,066
                                                     -----            -----
    

    
                  STOCKHOLDERS' EQUITY
    Common stock                                       766              709
    Additional paid-in capital                       8,024            6,831
    Accumulated other comprehensive loss              (208)            (253)
    Retained earnings                                  189                4
                                                       ---              ---
      Total Newmont stockholders' equity             8,771            7,291
      Noncontrolling interests                       1,458            1,370
                                                     -----            -----
        Total stockholders' equity                  10,229            8,661
                                                    ------            -----
        Total liabilities and stockholders'
         equity                                    $17,025          $15,727
                                                    ======           ======
    

    
    Consolidated Statements of Cash Flows
    

    
                                                       Three Months Ended
                                                           March 31,
                                                           ---------
                                                      2009            2008
                                                    (unaudited, in millions)
    Operating activities:
      Net income                                      $277            $557
      Adjustments:
        Amortization                                   192             182
        Income from discontinued operations             --              (6)
        Accretion of accumulated reclamation
         obligations                                    12              10
        Deferred income taxes                          (19)            (51)
        Write-down of investments                        6              22
        Stock based compensation and other
         benefits                                       14              11
        Other operating adjustments and
         write-downs                                    35              23
      Net change in operating assets and liabilities  (130)           (154)
    Net cash provided from continuing operations       387             594
    Net cash used in discontinued operations            --            (100)
    Net cash provided from operations                  387             494
    

    
    Investing activities:
      Additions to property, plant and mine
       development                                    (330)           (450)
      Investments in marketable debt and
       equity securities                                --              (3)
      Acquisitions, net                                (11)           (318)
      Other                                            (13)              4
    Net cash used in investing activities
     of continuing operations                         (354)           (767)
    Net cash used in investing activities
     of discontinued operations                         --              (3)
    Net cash used in investing activities             (354)           (770)
    

    
    Financing activities:
      Proceeds from debt, net                        1,369             572
      Repayment of debt                             (1,590)           (376)
      Dividends paid to common stockholders            (49)            (45)
      Dividends paid to noncontrolling interests        --             (98)
      Proceeds from stock issuance, net              1,239              17
      Change in restricted cash and other               13               1
    Net cash provided from financing
     activities                                        982              71
    Effect of exchange rate changes on cash              1             (12)
    Net change in cash and cash equivalents          1,016            (217)
    Cash and cash equivalents at beginning
     of period                                         435           1,231
    Cash and cash equivalents at end of
     period                                         $1,451          $1,014

    

    
    Sales Statistics
    

    
                                                  Three Months Ended
                                                       March 31,
                                                      ----------
                                                  2009            2008
                                                  ----            ----
     Gold
    ------
     Consolidated ounces sold (thousands):
       North America
        Nevada (1)                                 518             526
         La Herradura                               25              24
                                                    --              --
                                                   543             550
                                                   ---             ---
       South America
        Yanacocha                                  470             540
         Kori Kollo                                 18              20
                                                    --              --
                                                   488             560
                                                   ---             ---
       Asia Pacific
         Jundee                                     94              91
         Tanami                                     85              95
         Kalgoorlie                                 74              69
         Waihi                                      40              31
        Batu Hijau                                  66             120
                                                    --             ---
                                                   359             406
                                                   ---             ---
     Africa
        Ahafo                                      144             105
                                                   ---             ---
                                                 1,534           1,621
                                                 =====           =====
     Equity ounces sold (thousands):
       North America
        Nevada (1)                                 518             526
         La Herradura                               25              24
                                                    --              --
                                                   543             550
                                                   ---             ---
       South America
        Yanacocha                                  241             277
         Kori Kollo                                 16              18
                                                    --              --
                                                   257             295
                                                   ---             ---
       Asia Pacific
         Jundee                                     94              91
         Tanami                                     85              95
         Kalgoorlie                                 74              69
         Waihi                                      40              31
        Batu Hijau                                  30              54
                                                    --              --
                                                   323             340
                                                   ---             ---
        Africa
              Ahafo                                144             105
                                                   ---             ---
                                                 1,267           1,290
                                                 =====           =====
     Copper
    --------
        Batu Hijau pounds sold (millions):
               Consolidated                         95             105
               Equity                               43              47
    

    
    (1) Includes incremental start-up ounces of 1 for the first
        quarter of 2008.
    



    
    Costs Applicable to Sales and Consolidated Capital Expenditures Statistics
    

    
                                                    Three Months Ended
                                                         March 31,
                                                         --------
                                                    2009            2008
                                                    ----            ----
     Gold
    ------
        Costs Applicable to Sales ($/ounce) (1)
            North America
             Nevada                                 $509            $409
             La Herradura                            387             324
                                                     ---             ---
                                                    $503            $405
                                                    ----            ----
            South America
             Yanacocha                              $324            $311
             Kori Kollo                              779             447
                                                     ---             ---
                                                    $341            $316
                                                    ----            ----
            Asia Pacific
             Jundee                                 $353            $420
             Tanami                                  574             524
             Kalgoorlie                              643             778
             Waihi                                   367             455
             Batu Hijau                              406             308
                                                     ---             ---
                                                    $476            $475
                                                    ----            ----
            Africa
             Ahafo                                  $399            $464
                                                    ----            ----
       Average                                      $435            $396
                                                    ====            ====
    

    
     Copper
    --------
        Costs Applicable to Sales ($/pound) (1)
                Batu Hijau                         $0.89           $1.43
    



    
                                                     Three Months Ended
                                                          March 31,
                                                          --------
                                                    2009            2008
                                                    ----            ----
     Consolidated Capital Expenditures ($ million)
       North America
        Nevada                                       $58             $92
        Hope Bay                                       1               9
        La Herradura                                   9              11
                                                       -              --
                                                     $68            $112
                                                     ---            ----
       South America
        Yanacocha                                    $39             $39
        Kori Kollo                                     -               2
                                                       -               -
                                                     $39             $41
                                                     ---             ---
       Asia Pacific
        Boddington                                  $174            $204
        Jundee                                         6               9
        Tanami                                        10               9
        Kalgoorlie                                     2               2
        Waihi                                          2               9
        Batu Hijau                                    11              29
                                                      --              --
                                                    $205            $262
                                                    ----            ----
       Africa
        Ahafo                                        $12             $31
        Akyem                                          1               2
                                                       -               -
                                                     $13             $33
                                                     ---             ---
        Corporate and Other                           $5              $2
                                                      --              --
     Total                                          $330            $450
                                                    ====            ====
    

    
    (1)     Excludes Amortization and Accretion.


    Supplemental Information

    
    Classification Reporting Changes - Certain amounts for the three months
ended March 31, 2008 and at December 31, 2008 have been revised. The
adjustments are of a normal recurring nature except as discussed below.  The
Company retrospectively adopted FSP No. APB 14-1, "Accounting for Convertible
Debt Instruments That May be Settled in Cash upon Conversion (Including
Partial Cash Settlement)" ("FSP APB 14-1"), which requires an allocation of
convertible debt proceeds between the liability component and the embedded
conversion option (i.e., the equity component).  Additionally, the Company
prospectively adopted FASB Statement No. 160, "Noncontrolling Interests in
Consolidated Financial Statements - an amendment of ARB No. 51" ("FAS 160"),
with the exception of the presentation requirements which were adopted
retrospectively.  FAS 160 requires the noncontrolling interests to be
classified as a separate component of stockholders' equity and net income.
    

    
    Reconciliation of Adjusted Net Income to GAAP Net Income - 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.
    

    
    Adjusted net income is not, and should not be used as, an alternative to
GAAP Net income as reflected in the consolidated financial statements of the
Company. Adjusted net income is not a measure of financial performance under
GAAP and this measure should not be considered in isolation or as a substitute
to performance measures calculated in accordance with GAAP.  The table below
sets forth a reconciliation of Adjusted net income to GAAP Net income, which
is the most directly comparable GAAP financial measure.
    

    

    
    Description ($ million
     except per share,
     after-tax)                  Q1 2009    Per Share    Q1 2008    Per Share
    ------------------------    ---------  -----------  ---------  -----------
     Adjusted net income            $208        $0.44       $381        $0.85
     Workforce reduction              (9)       (0.02)         -            -
      Costs related to Boddington
      acquisition                     (5)       (0.01)         -            -
      Write-down of marketable
      securities                      (5)       (0.01)       (22)       (0.05)
    --------------------------        --        -----        ---        -----
     GAAP income from continuing
      operations (1)                $189        $0.40       $359        $0.80
     Income from discontinued
      operations (1)                   -            -          6         0.01
    -------------------------          -          ---        ---         ----
     GAAP Net income (1)            $189        $0.40       $365        $0.81
    --------------------            ----        -----       ----        -----
    

    
    (1) Attributable to Newmont stockholders.

    
    2009 Annual Guidance - The table below sets forth the Company's current
outlook and forecast assumptions:


    
    Description                           Q1 Update     2009 Original
    -----------                           ---------     -------------
      Equity gold sales
       (million ounces)                 5,200 - 5,500   5,200 - 5,500
    --------------------                -------------   -------------
      Costs applicable to
       sales ($/ounce)                   $400 - $440     $400 - $440
    ----------------------               -----------     -----------
      Equity copper sales
       (million pounds)                   210 - 230       210 - 230
    ---------------------                 ---------       ---------
      Costs applicable to
       sales ($/pound)                  $0.50 - $0.65   $0.65 - $0.75
    ----------------------              -------------   -------------
      Consolidated capital
       expenditures ($ million)        $1,400 - $1,600 $1,400 - $1,600
    ---------------------------        --------------- ---------------
      Amortization ($ million)           $775 - $825     $775 - $825
    --------------------------           -----------     -----------
      Exploration ($ million)            $165 - $175     $165 - $175
    -------------------------            -----------     -----------
      Advanced projects, research and
       development ($ million)           $120 - $150     $120 - $150
    ----------------------------------   -----------     -----------
      General & administrative
       ($ million)                      $140 - $150     $140 - $150
    ---------------------------          -----------     -----------
      Interest expense,  net ($ million) $150 - $160     $150 - $160
    --------------------                 -----------     -----------
      Effective tax rate                  27% - 31%       28% - 32%
    --------------------                  ---------       ---------
    

    
    Forecast Assumptions                  Q1 Update     2009 Original
    --------------------                  ---------     -------------
    Oil price ($/barrel)                        $50             $70
    --------------------                        ---             ---
    Australian dollar exchange rate             0.7            0.75
    ------------------                          ---            ----
    Copper price  ($/pound)                   $1.50           $2.00
    -------------                             -----           -----

    
    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
www.newmont.com.
    

    
    The Company's first quarter earnings conference call and webcast
presentation will be held on Thursday, April 30, 2009 beginning at 10:00 a.m.
Eastern Time (8:00 a.m. Mountain Time).  To participate:
    

    

    
    Dial-In Number          800-619-4068
    Intl Dial-In Number     415-228-4564
    Leader                  John Seaberg
    Password                Newmont
    Replay Number           800-679-6944
    Intl Reply Number       203-369-3316

    
    The conference call will also be simultaneously carried on the Company's
website at www.newmont.com under Our Investors/Events and Presentations and
will be archived there for a limited time.
    

    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.
Words such as "expect(s)", "feel(s)", "believe(s)", "will", "may",
"anticipate(s)", "estimate(s)", "should", "intend(s)" and similar expressions
are intended to identify forward-looking statements. Such forward-looking
statements include, without limitation, (i) estimates of future mineral
production and sales; (ii) estimates of future costs applicable to sales,
other expenses and taxes, for specific operations and on a consolidated basis;
(iii) estimates of future capital expenditures, construction, production or
closure activities; (iv) statements regarding future exploration expenditures,
results and reserves; (v) statements regarding fluctuations in capital and
currency markets; (vi) statements regarding potential cost savings,
productivity, operating performance, and ownership and cost  structures; (vii)
expectations regarding the completion and timing of the remaining interest in
Boddington acquisition and other acquisitions or divestitures; and (viii)
expectations regarding the start-up time, design, mine life, production and
costs applicable to sales and exploration potential of the Boddington project
and other projects.  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 2008 Annual Report on Form 10-K,
filed on February 19, 2009, 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.
    




    




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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