Newmont Generates Record $1.1 Billion in Operating Cash Flow and Earns $388
Million ($0.79 per share) in the Third Quarter; 2010 Equity Production to
Increase by 5% - 10%


    
    This release should be read in conjunction with Newmont's Third Quarter
    2009 Form 10-Q filed with the Securities and Exchange Commission on
October
    29, 2009 (available at www.newmont.com).





    
</pre>
<p><location>DENVER</location>, <chron>Oct. 29</chron> /CNW/ -- Newmont Mining Corporation (NYSE:   NEM) ("Newmont" or the "Company") announced record quarterly revenues of <money>$2.0 billion</money> and net cash from operations of <money>$1.1 billion</money>, resulting in net income(1)(2) of <money>$388 million</money> (<money>$0.79</money> per share).</p>
<p/>
<p>Richard O'Brien, President and Chief Executive Officer, said, "Our continued focus on cost containment resulted in a 13% improvement in gold cost of sales per ounce over the same quarter last year.  Combined with the current favorable commodity price environment, our gold operating margin grew by 41% to <money>$560</money> per ounce during the quarter.  Additionally, our equity gold sales grew by 4% from the year ago quarter resulting in record operating cash flow.  We also celebrated the first gold pour at our Boddington operation, with ramp-up efforts continuing toward commercial production in the fourth quarter."</p>
<pre>
    


    Third Quarter Highlights:

    --  Equity gold and copper sales of 1.3 million ounces and 64 million
        pounds at average realized prices of $964 per ounce and $2.80 per
        pound.
    --  Costs applicable to sales for gold of $404 per ounce, down
        approximately 13% from $467 per ounce in the year ago quarter.
    --  Record quarterly revenues of $2.0 billion and record quarterly cash
        flow from operations of approximately $1.1 billion, representing an
        increase in excess of 400% from Q3 2008.
    --  Net income(1)(2) of $388 million ($0.79 per share), compared to $191
        million ($0.42 per share) for the year ago quarter.
    --  First gold poured in September at our Boddington operation in Western
        Australia, following the first production of copper and gold
        concentrate in August.
    --  $2.0 billion Senior Notes offering completed in September, improving
        our financial strength and flexibility. The offering included (i)
        5.125% Senior Notes due 2019 in the principal amount of $900 million,
        and (ii) 6.250% Senior Notes due 2039 in the principal amount of $1.1
        billion.

    --  2010 equity gold sales to improve by 5% - 10% as a result of higher
        production at Boddington and Batu Hijau slightly offset by lower
        production in Nevada and at Yanacocha in Peru.  2010 costs applicable
        to sales to be modestly higher by approximately 5% depending on input
        cost assumptions.


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

    Operations Summary

    
</pre>
<p>In the third quarter of 2009, the Company reported equity gold sales of 1.33 million ounces at costs applicable to sales of <money>$404</money> per ounce.  Higher than expected sales at Yanacocha in <location>Peru</location>, Batu Hijau in <location>Indonesia</location> and Jundee in <location>Australia</location> were partially offset by lower than expected sales at Tanami in <location>Australia</location>.  Costs applicable to sales per ounce were better than expected as a result of higher production.</p>
<p/>
<p>Nevada - Nevada sold 505,000 equity ounces of gold at costs applicable to sales of <money>$541</money> per ounce during the third quarter.  Equity gold sales met expectations as lower grades and recoveries at Mill 6 were offset by higher inventory sales.  During the quarter, costs applicable to sales also met expectations as higher underground mining costs were offset by higher by-product credits.  The Company is maintaining its outlook on expected 2009 equity gold sales from Nevada of between 1.9 and 2.0 million ounces.  The outlook for 2009 costs applicable to sales also remains unchanged at between <money>$535</money> and <money>$575</money> per ounce.</p>
<p/>
<p>Yanacocha - At Yanacocha, in <location>Peru</location>, equity gold sales during the third quarter were 285,000 ounces at costs applicable to sales of <money>$294</money> per ounce.  Equity gold sales were above expectations due to higher grades and throughput at the gold mill as well as higher leach production.  Costs applicable to sales per ounce were lower than expected due to higher gold sales, partially offset by higher royalty and production taxes from higher realized gold prices and from lower by-product credits.  For 2009, the Company continues to expect equity gold sales of between 1.0 and 1.05 million ounces.  Costs applicable to sales for Yanacocha during 2009 also remain unchanged at between <money>$300</money> and <money>$320</money> per ounce.</p>
<p/>
<p>Australia/New Zealand - Equity gold sales during the third quarter in Australia/New Zealand were 289,000 ounces at costs applicable to sales of <money>$526</money> per ounce.  Excluding Boddington, equity gold sales were higher than expected due to higher production at Jundee, Waihi and Kalgoorlie, partially offset by lower production at Tanami.  Costs applicable to sales were lower than expected due to the increase in production.  Since start-up began, the Boddington ramp-up has proceeded according to plan, with milling operations commenced, first gold poured and first copper concentrate shipped in September.  The Company expects to declare commercial production in the fourth quarter of 2009.</p>
<pre>
    

    Key operating highlights for Boddington include:

    --  First five year average annual gold production: ~1,000,000 ounces;
    --  First five year average costs applicable to sales (net of by-product
        credits): $300 per ounce;
    --  Proven and probable gold reserves: 20.1 million ounces; and

    --  Estimated mine life in excess of 24 years.


    
</pre>
<p>The Company is updating its 2009 outlook for the region for equity gold sales to between 1.2 and 1.3 million ounces, down from the previously announced outlook of between 1.4 and 1.5 million ounces, due to the later than expected start-up of Boddington.  For the same reason, the Company is updating its regional costs applicable to sales to between <money>$500</money> and <money>$520</money> per ounce, up from the previously announced outlook of between <money>$460</money> and <money>$500</money> per ounce.</p>
<p/>
<p>Batu Hijau - Equity gold and copper sales during the third quarter at Batu Hijau in <location>Indonesia</location> were 93,000 ounces and 64 million pounds at costs applicable to sales of <money>$178</money> per ounce and <money>$0.50</money> per pound, respectively.  Equity gold and copper sales were slightly higher than expected due to higher grades.  Total costs applicable to sales were lower than expected, primarily due to lower diesel costs and a higher build in ore stockpile inventory.  Costs applicable to sales allocated to gold were lower than expected as a result of co-product accounting.</p>
<p/>
<p>On <chron>September 18</chron>, Batu Hijau experienced a geotechnical failure in the west wall of the open-pit.  Geotechnical monitoring systems and activities allowed for all personnel and mining equipment as well as key electrical and dewatering infrastructure to be evacuated and/or relocated well in advance of the slope failure.  Remediation activities commenced on <chron>September 28</chron> and mining activities resumed on <chron>October 10</chron>.  The impact on 2009 gold and copper production is expected to be minimal and the Company continues to expect equity gold and copper sales from the mine of between 225,000 and 250,000 ounces and 210 and 230 million pounds, respectively.  The Company is also maintaining its outlook for costs applicable to sales for copper of between <money>$0.50</money> and <money>$0.65</money> per pound.  The Company lowered its outlook for costs applicable to sales for gold for 2009 to between <money>$200</money> and <money>$220</money> per ounce from between <money>$280</money> and <money>$320</money> per ounce previously. In general, the Company expects delays in ore access previously anticipated in 2010 and 2011 with a marginal decrease in ore mined from the ultimate Phase 6 pit.</p>
<p/>
<p>Ahafo - Equity gold sales during the third quarter at Ahafo in <location>Ghana</location> were 136,000 ounces at costs applicable to sales of <money>$446</money> per ounce.  Equity gold sales met expectations as higher throughput and plant availability were offset by lower than anticipated recoveries and grades as a result of changes in mine sequencing.  Costs applicable to sales were slightly higher than expected due to the processing of higher cost stockpile material and higher royalty costs, partially offset by lower mining costs.  The outlook for hydro electric power availability continues to be positive and there is no expected load shedding for the remainder of the year. The Company continues to expect equity gold sales to be between 500,000 and 525,000 ounces and costs applicable to sales to be between <money>$425</money> and <money>$450</money> per ounce.</p>
<p/>
<p><location>Mexico</location> - Equity gold sales at La Herradura in <location>Mexico</location> during the third quarter were 23,000 ounces at costs applicable to sales of <money>$352</money> per ounce.  Equity gold sales were in line with expectations and costs applicable to sales were lower than expected due to lower mining costs.</p>
<pre>
    

    2009 and 2010 Performance Outlook

    
</pre>
<p>Due to the extended start-up of Boddington, the Company estimates its outlook for 2009 equity gold sales to be approximately 5.2 million ounces, at the lower end of its previously estimated range.  The Company has narrowed its outlook for 2009 costs applicable to sales to between <money>$400</money> and <money>$425</money> per ounce, reflecting ongoing cost reduction efforts and favorable by-product credits.  The Company's costs applicable to sales forecast for 2009 now assumes an oil price of <money>$80</money> per barrel and an Australian dollar exchange rate of 0.80 for the balance of the year.  Costs applicable to sales are expected to change by approximately <money>$1</money> per ounce for every <money>$10</money> change in the oil price and will not be materially impacted by changes in Australian dollar exchange rates due to hedge contracts currently in place for the remainder of the year.</p>
<p/>
<p>For 2010, the Company announced that it expects equity gold production to improve by approximately 5-10%, primarily as a result of higher production from Boddington in <location>Australia</location> and Batu Hijau in <location>Indonesia</location>, partially offset by lower production in Nevada and Yanacocha in <location>Peru</location>.  The Company also announced that it expects 2010 costs applicable to sales to be modestly higher by approximately 5%, partially as a function of higher expected energy costs and adverse changes in exchange rates.</p>
<pre>
    

    Capital Update

    
</pre>
<p>Consolidated capital expenditures were <money>$430 million</money> during the third quarter, with over 60% attributable to Boddington in <location>Australia</location>.  The Company now expects capital expenditures at Boddington to be approximately <money>$3.0 billion</money> on a 100% basis (excluding capitalized interest).  The Company has narrowed its 2009 consolidated capital expenditure outlook to be between <money>$1.6</money> and <money>$1.7 billion</money>, primarily as a result of the later than expected start-up of Boddington which is offset by lower capital expenditures throughout the rest of the portfolio.</p>
<pre>
    



    
</pre>
<p> </p>
<pre>
    
    Consolidated Statements of Income (unaudited, in millions, except per
    share)
    
</pre>
<p> </p>
<pre>
    
                                      Three Months Ended Nine Months Ended
                                         September 30,     September 30,
                                      ------------------ -----------------
                                         2009     2008     2009     2008
                                         ----     ----     ----     ----
    Revenues
      Sales - gold, net                $1,653   $1,281   $4,401   $4,094
      Sales - copper, net                 396       90      786      705
                                         ----    -----    -----    -----
                                        2,049    1,371    5,187    4,799
    Costs and expenses
      Costs applicable to sales -
       gold(1)                            694      692    1,983    1,969
      Costs applicable to sales -
       copper (1)                          71       88      217      342
      Amortization                        199      186      566      548
      Accretion                             8        7       25       23
      Exploration                          55       57      147      154
      Advanced projects, research and
       development                         27       44      100      113
      General and administrative           39       37      118      103
      Other expense, net                   67       69      259      249
                                         ----     ----     ----     ----
                                        1,160    1,180    3,415    3,501
                                        -----    -----    -----    -----
    Other income (expense)
      Other income, net                    25       66       43      100
      Interest expense, net               (10)     (35)     (65)     (98)
                                          ---      ---      ---      ---
                                           15       31      (22)       2
                                          ---      ---      ---      ---
    Income from continuing operations
     before income tax and
     other items                          904      222    1,750    1,300
    Income tax expense                   (253)      (6)    (494)    (193)
    Equity loss of affiliates              (6)      (1)     (14)      (6)
                                          ---      ---      ---      ---
    Income from continuing operations     645      215    1,242    1,101
    Income (loss) from discontinued
     operations                            --        7      (14)      17
                                         ----     ----     ----     ----
    Net income                            645      222    1,228    1,118
    Net income attributable to
     noncontrolling interests            (257)     (31)    (489)    (291)
                                         ----     ----     ----     ----
    Net income attributable to Newmont
     stockholders                        $388     $191     $739     $827
                                         ====     ====     ====     ====
    
</pre>
<p> </p>
<pre>
    
    Net income attributable to Newmont
     stockholders:
        Continuing operations            $388     $182     $748     $809
        Discontinued operations            --        9       (9)      18
                                         ----     ----     ----     ----
                                         $388     $191     $739     $827
                                         ====     ====     ====     ====
    Income per common share
      Basic:
        Continuing operations           $0.79    $0.40    $1.54    $1.78
        Discontinued operations            --     0.02    (0.02)    0.04
                                         ----     ----    -----     ----
                                        $0.79    $0.42    $1.52    $1.82
                                        =====    =====    =====    =====
    Diluted:
        Continuing operations           $0.79    $0.40    $1.54    $1.77
        Discontinued operations            --     0.02    (0.02)    0.04
                                         ----     ----    -----     ----
                                        $0.79    $0.42    $1.52    $1.81
                                        =====    =====    =====    =====
    Basic weighted-average common
     shares outstanding                   490      454      485      454
                                          ===      ===      ===      ===
    Diluted weighted-average common
     shares outstanding                   491      455      486      456
                                          ===      ===      ===      ===
    Cash dividends declared per common
     share                              $0.10    $0.10    $0.30    $0.30
                                        =====    =====    =====    =====
    
</pre>
<p> </p>
<p> </p>
<pre>
    
    (1) Exclusive of Amortization and Accretion.



    
</pre>
<p> </p>
<p>Consolidated Balance Sheets (unaudited, in millions)</p>
<p> </p>
<pre>
    
                                                             At          At
                                                          September   December
                                                             30,         31,
                                                            2009        2008
                                                            ----        ----
                        ASSETS
    Cash and cash equivalents                             $3,022        $435
    Marketable securities and other short-term
     investments                                              19          12
    Trade receivables                                        280         104
    Accounts receivable                                      114         214
    Inventories                                              479         507
    Stockpiles and ore on leach pads                         354         290
    Deferred income tax assets                               189         284
    Other current assets                                     581         455
                                                           -----       -----
        Current assets                                     5,038       2,301
    Property, plant and mine development, net             12,150      10,128
    Investments                                            1,069         655
    Stockpiles and ore on leach pads                       1,411       1,136
    Deferred income tax assets                               999       1,039
    Other long-term assets                                   261         207
    Goodwill                                                 188         188
    Assets of operations held for sale                        31          73
                                                           -----       -----
        Total assets                                     $21,147     $15,727
                                                         =======     =======
                     LIABILITIES
    Current portion of long-term debt                       $225        $165
    Accounts payable                                         338         411
    Employee-related benefits                                201         170
    Income and mining taxes                                  211          61
    Other current liabilities                              1,226         770
                                                           -----         ---
        Current liabilities                                2,201       1,577
    Long-term debt                                         4,698       3,072
    Reclamation and remediation liabilities                  724         699
    Deferred income tax liabilities                        1,229       1,051
    Employee-related benefits                                377         379
    Other long-term liabilities                              236         252
    Liabilities of operations held for sale                   13          36
                                                           -----       -----
        Total liabilities                                  9,478       7,066
                                                           -----       -----
    
</pre>
<p> </p>
<pre>
    
                        EQUITY
    Common stock                                             768         709
    Additional paid-in capital                             8,060       6,831
    Accumulated other comprehensive income (loss)            454        (253)
    Retained earnings                                        641           4
                                                           -----       -----
    Newmont stockholders' equity                           9,923       7,291
    Noncontrolling interests                               1,746       1,370
                                                           -----       -----
        Total equity                                      11,669       8,661
                                                          ------       -----
        Total liabilities and equity                     $21,147     $15,727
                                                         =======     =======



    
</pre>
<p> </p>
<p>Consolidated Statements of Cash Flows (unaudited, in millions)</p>
<p> </p>
<p> </p>
<pre>
    
                                       Three Months Ended Nine Months Ended
                                          September 30,     September 30,
                                       ------------------ -----------------
                                          2009     2008     2009     2008
                                          ----     ----     ----     ----
    Operating activities:
      Net income                          $645     $222   $1,228   $1,118
      Adjustments:
        Amortization                       199      186      566      548
        (Income) loss from discontinued
         operations                         --       (7)      14      (17)
        Accretion of accumulated
         reclamation obligations            11       10       34       30
        Deferred income taxes               20      (14)       7     (222)
        Impairment of marketable
         securities                         --       34        6       90
        Stock based compensation and
         other benefits                     14       14       44       38
        Gain on asset sales, net            (2)     (57)      (3)     (70)
        Reclamation estimate revisions      --       13       --       74
        Other operating adjustments and
         write-downs                        23       31       77       73
        Net change in operating assets
         and liabilities                   150     (235)     (27)    (494)
                                          ----     ----     ----     ----
    Net cash provided from continuing
     operations                          1,060      197    1,946    1,168
    Net cash (used in) provided from
     discontinued operations                (5)       2        3     (105)
                                         -----     ----     ----     ----
    Net cash provided from operations    1,055      199    1,949    1,063
                                         -----     ----    -----    -----
    Investing activities:
      Additions to property, plant and
       mine development                   (404)    (457)  (1,314)  (1,350)
      Investments in marketable debt
       and equity securities                --       (1)      --      (18)
      Proceeds from sale of marketable
       debt and equity securities            5       33       10       50
      Acquisitions, net                     (6)      --     (766)    (325)
      Other                                (11)      42      (18)      26
                                         -----    -----    -----    -----
    Net cash used in investing
     activities of continuing
     operations                           (416)    (383)  (2,088)  (1,617)
    Net cash used in investing
     activities of discontinued
     operations                             --       (1)      --      (11)
                                         -----    -----    -----    -----
    Net cash used in investing
     activities                           (416)    (384)  (2,088)  (1,628)
                                          ----     ----   ------   ------
    Financing activities:
      Proceeds from debt, net            2,808    1,778    4,302    2,801
      Repayment of debt                   (936)  (1,624)  (2,604)  (2,249)
      Dividends paid to common
       stockholders                        (49)     (45)    (147)    (136)
      Dividends paid to noncontrolling
       interests                            (3)    (100)    (115)    (247)
      Proceeds from stock issuance, net      1        3    1,248       27
      Change in restricted cash
       and other                            --       12        5       19
                                         -----    -----    -----    -----
    Net cash provided from financing
     activities of continuing
     operations                          1,821       24    2,689      215
    Net cash used in financing
     activities of discontinued
     operations                             --       (1)      (2)      (3)
                                         -----    -----    -----    -----
    Net cash provided from financing
     activities                          1,821       23    2,687      212
                                         -----    -----    -----    -----
    Effect of exchange rate changes on
     cash                                   18      (20)      39      (24)
                                         -----    -----    -----    -----
    Net change in cash and cash
     equivalents                         2,478     (182)   2,587     (377)
    Cash and cash equivalents at
     beginning of period                   544    1,035      435    1,230
                                         -----    -----    -----    -----
    Cash and cash equivalents at end
     of period                          $3,022     $853   $3,022     $853
                                        ======     ====   ======     ====



    
</pre>
<p> </p>
<p>Sales Statistics</p>
<p> </p>
<pre>
    
                           Three Months Ended    Nine Months Ended
                              September 30,        September 30,
                           ------------------    -----------------
                             2009      2008       2009        2008
                             ----      ----       ----        ----
    Gold
    ----
    Consolidated Ounces
     sold (thousands):
      North America
        Nevada (1)            505       544      1,438       1,624
        La Herradura           23        22         79          71
                             ----      ----       ----        ----
                              528       566      1,517       1,695
                             ----      ----      -----       -----
      South America
        Yanacocha             554       438      1,558       1,410
    
</pre>
<p> </p>
<pre>
    
      Asia Pacific
        Jundee                103       105        305         305
        Tanami                 65        86        238         276
        Kalgoorlie             93        80        239         212
        Waihi                  28        41         84         106
        Batu Hijau            208        28        381         185
                            -----     -----      -----       -----
                              497       340      1,247       1,084
                            -----     -----      -----       -----
      Africa
        Ahafo (2)             136       141        412         380
                              ---       ---        ---         ---
                            1,715     1,485      4,734       4,569
                            =====     =====      =====       =====
    Equity ounces sold
     (thousands):
      North America
        Nevada (1)            505       544      1,438       1,624
        La Herradura           23        22         79          71
                            -----     -----      -----       -----
                              528       566      1,517       1,695
                            -----     -----      -----       -----
      South America
        Yanacocha             285       225        800         724
    
</pre>
<p> </p>
<pre>
    
      Asia Pacific
        Jundee                103       105        305         305
        Tanami                 65        86        238         276
        Kalgoorlie             93        80        239         212
        Waihi                  28        41         84         106
        Batu Hijau             93        12        171          83
                             ----      ----       ----        ----
                              382       324      1,037         982
                             ----      ----      -----        ----
      Africa
        Ahafo (2)             136       141        412         380
                              ---       ---        ---         ---
                            1,331     1,256      3,766       3,781
                            -----     -----      -----       -----
      Discontinued
       Operations
        Kori Kollo              2        21         33          57
                            -----     -----      -----       -----
                            1,333     1,277      3,799       3,838
                            =====     =====      =====       =====
    Copper
    ------
      Batu Hijau pounds
       sold (millions):
        Consolidated          141        44        342         201
        Equity                 64        20        154          90
    
</pre>
<p> </p>
<p> </p>
<pre>
    
    (1) Includes incremental start-up ounces of 1 for both the first nine
        months of 2009 and the first nine months of 2008.
    (2) Includes incremental start-up ounces of 3 and 19 for the third quarter
        and first nine months of 2008, respectively.



    
</pre>
<p> </p>
<p>Costs Applicable to Sales and Consolidated Capital Expenditures Statistics</p>
<p> </p>
<p> </p>
<pre>
    
                       Three Months Ended          Nine Months Ended
                          September 30,              September 30,
                       ------------------          -----------------
                        2009        2008          2009           2008
                        ----        ----          ----           ----
    Gold
    ----
    Costs Applicable
     to Sales
     ($/ounce) (1)
      North America
        Nevada (1)      $541        $497          $532           $446
        La Herradura     352         468           381            391
                        ----        ----          ----           ----
                         532         496           524            443
                        ----        ----          ----           ----
      South America
        Yanacocha        294         362           313            346
    
</pre>
<p> </p>
<pre>
    
      Asia Pacific
        Jundee           329         414           339            411
        Tanami           684         638           613            588
        Kalgoorlie       638         790           630            807
        Waihi            518         397           457            428
        Batu Hijau       178         718           232            412
                        ----        ----          ----           ----
                         380         582           422            535
                        ----        ----          ----           ----
      Africa
        Ahafo            446         402           424            416
                        ----        ----          ----           ----
    Average             $404        $467          $419           $433
                        ====        ====          ====           ====
    
</pre>
<p> </p>
<pre>
    
    Copper
    ------
    Costs Applicable
     to Sales
     ($/pound) (1)
        Batu Hijau     $0.50       $1.98         $0.63          $1.70
    
</pre>
<p> </p>
<p> </p>
<pre>
    
                       Three Months Ended          Nine Months Ended
                          September 30,               September 30,
                       ------------------          -----------------
                        2009        2008          2009           2008
                        ----        ----          ----           ----
    Consolidated
     Capital
     Expenditures
     ($millions):
      North America
        Nevada           $43         $87          $154           $227
        Hope Bay           1          33             4             63
        La Herradura      15           5            34             17
                        ----        ----          ----           ----
                          59         125           192            307
                        ----        ----          ----           ----
      South America
        Yanacocha         32          45            94            126
    
</pre>
<p> </p>
<pre>
    
      Asia Pacific
        Boddington       277         212           961            604
        Jundee             7          10            21             29
        Tanami            14          13            42             34
        Kalgoorlie         4           5             6             10
        Waihi              3           5             6             24
        Batu Hijau         7          11            30             65
        Other Asia
         Pacific           1           1             2              1
                        ----        ----          ----           ----
                         313         257         1,068            767
                        ----        ----         -----           ----
      Africa
        Ahafo             19          16            42             76
        Akyem              3          --             4              1
                        ----        ----          ----           ----
                          22          16            46             77
                        ----        ----          ----           ----
        Corporate and
         Other             4          --            12              6
                        ----        ----          ----           ----
    Total - Accrual
     Basis               430         443         1,412          1,283
                        ----        ----         -----          -----
    Change in
     Capital
     Accrual             (26)         14           (98)            67
                        ----        ----          ----           ----
    Total - Cash
     Basis              $404        $457        $1,314         $1,350
                        ====        ====        ======         ======
    
</pre>
<p> </p>
<pre>
    
    (1) Excludes Amortization and Accretion.


    Supplemental Information

    
</pre>
<p>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 is evaluated periodically and based, in part, on a review of non-GAAP financial measures used by mining industry analysts.</p>
<p/>
<p>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.</p>
<pre>
    



    
</pre>
<p> </p>
<pre>
    
    Description ($million
     except per share,
     after-tax)             Q3 2009     Per Share    Q3 2008      Per Share
    ---------------------   -------     ---------    -------      ---------
    Adjusted net income      $ 388        $ 0.79      $ 181        $ 0.40
    Gain on sale of
     exploration property        -             -         19          0.04
    Income taxes                 -             -         18          0.04
    Write-down of
     accounts receivable         -             -         (5)        (0.01)
    Legacy reclamation
     obligations                 -             -         (9)        (0.02)
    Write-down of marketable
     securities (1)              -             -        (22)        (0.05)
                              ----          ----       ----         -----
    GAAP income from
     Continuing
     operations (2)            388          0.79        182          0.40
                              ----         -----       ----         -----
    Income from
     Discontinued
     operations (2)              -             -          9          0.02
                              ----         -----       ----         -----
    GAAP net income (2)      $ 388        $ 0.79      $ 191        $ 0.42
                              ----         -----       ----         -----
    
</pre>
<p> </p>
<pre>
    
    (1) Net of gains on sales
    (2) Attributable to Newmont stockholders


    
</pre>
<p>2009 Annual Guidance - The table below sets forth the Company's current outlook and forecast assumptions:</p>
<p/>
<p> </p>
<pre>
    
    Description
     (consolidated
     unless otherwise
     noted)              Q3 Update    Q2 Update      Q1 Update   2009 Original
    -----------------    ---------    ---------      ---------   -------------
    Equity gold sales
     (thousand ounces)   ~ 5,200     5,200-5,400    5,200-5,500   5,200-5,500
    Costs applicable
     to sales ($/ounce)  $400-$425    $400-$440      $400-$440     $400-$440
    Equity copper sales
     (million pounds)     210-230      210-230        210-230        210-230
    Costs applicable to
     sales ($/pound)    $0.50-$0.65   $0.50-$0.65   $0.50-$0.65    $0.65-$0.75
    Capital
     expenditures
     ($ million)       $1,600-$1,700 $1,500-$1,700 $1,400-$1,600 $1,400-$1,600
    Amortization
     ($ million)         $740-$760     $740-$780     $775-$825      $775-$825
    Exploration
     ($ million)         $165-$175     $165-$175     $165-$175      $165-$175
    Advanced projects,
     research and
     development
     ($ million)         $155-$165     $140-$160     $120-$150      $120-$150
    General &
     administrative
     ($ million)         $150-$160     $150-$160     $140-$150      $140-$150
    Interest expense,
     net ($ million)     $100-$110     $100-$110     $150-$160      $150-$160
    Effective tax rate    28%-30%       27%-31%       27%-31%         28%-32%
    
</pre>
<p> </p>
<p> </p>
<pre>
    
    Forecast
     Assumptions         Q3 Update    Q2 Update     Q1 Update    2009 Original
    ------------         ---------    ---------     ---------    -------------
    Gold Price
     ($/ounce)             $925          $925          $875            $750
    Copper price
     ($/pound)            $2.50         $2.00         $1.50           $2.00
    Oil price
     ($/barrel)             $80           $70           $50             $70
    Australian
     dollar exchange
     rate                  0.80          0.75          0.70            0.75


    
</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 third quarter earnings conference call and webcast presentation will be held on <chron>Thursday, October 29, 2009</chron> beginning at <chron>10:00 a.m. Eastern Time</chron> (<chron>8:00 a.m. Mountain Time</chron>).  To participate:</p>
<p/>
<p> </p>
<pre>
    
    Dial-In Number       888.603.9219    Replay Number      866.501.5087
    Intl Dial-In Number  210.234.0042    Intl Reply Number  203.369.1833
    Leader               John Seaberg    Replay Pass code   Newmont
    Pass code            Newmont

    
</pre>
<p>The conference call will also be simultaneously carried on the Company's website at <a href="http://www.newmont.com">www.newmont.com</a> under Our Investors/Events and 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, 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 availability of capital or in relevant commodity and currency markets; (vi) statements regarding potential cost savings, productivity, financial or operating performance, and ownership and cost structures; (vii) expectations regarding the timing of the transfer of acquisitions or divestitures; (viii) expectations regarding the ramp-up, design, mine life, production and costs applicable to sales and exploration potential of the Boddington project and other projects and operations; and (ix) expectations regarding the impacts of operating or technical issues in connection with the Company's projects or operations.  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 <chron>February 19, 2009</chron>, with the Securities and Exchange Commission, and its 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>
<pre>
    




    

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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