Newmont Reports 8% Increase in Equity Gold Reserves to 91.8 Million Ounces;
Details 2010 Exploration Funding and Opportunities


    


    
</pre>
<p><span class="xn-location">DENVER</span>, <span class="xn-chron">Feb. 25</span> /CNW/ -- Newmont Mining Corporation (NYSE:   NEM) ("Newmont" or "the Company") today reported 2009 equity gold reserves of 91.8 million ounces, an 8% increase over 2008, and equity copper reserves of 9.1 billion pounds, a 17% increase over 2008.</p>
<p/>
<p>Equity gold measured and indicated resources (NRM) for 2009 were 1.1 billion tons at an average grade of 0.020 ounces per ton, up from 0.8 billion tons at a grade of 0.026 ounces per ton for 2008. Equity copper NRM for 2009 were 796 million tons at an average grade of 0.17%, up from 431 million tons at a grade of 0.13% from 2008.</p>
<pre>
    

    (Photo:  http://www.newscom.com/cgi-bin/prnh/20100225/LA60736-a)

    (Photo:  http://www.newscom.com/cgi-bin/prnh/20100225/LA60736-b)

    
</pre>
<p> </p>
<p> </p>
<pre>
    
    (1)  For detailed information on the Company's year-end equity
     proven and probable reserves and NRM, please refer to the
     Supplemental Information in this release.


    
</pre>
<p>Reserve additions came from all regions, with notable additions from Gold Quarry in Nevada, Boddington in <span class="xn-location">Australia</span>, underground operations across <span class="xn-location">Australia</span> and <span class="xn-location">New Zealand</span> and at Ahafo in <span class="xn-location">Ghana</span>.</p>
<p/>
<p>"A combination of strong 2009 exploration results and the Boddington acquisition resulted in equity gold reserves at our highest level since 2006 and equity gold NRM at the highest level since 2003," said Guy Lansdown, Executive Vice President of Discovery and Development.  "These increases, combined with our generative exploration opportunities, will support future sustainability in each of our operating regions."</p>
<pre>
    

    Exploration, Advanced Projects, Research & Development

    
</pre>
<p>The recent success of the Company's exploration program, combined with a demonstrated ability to advance exploration programs through development and into production, has established a platform for future growth.  To provide increasing value for shareholders, Newmont plans to continue aggressively advancing its most prospective near mine and generative exploration development opportunities into production.</p>
<p/>
<p>The 2010 exploration budget is between <span class="xn-money">$190</span> and <span class="xn-money">$220 million</span>, an increase of approximately 10% from 2009.  In addition, funding for Advanced Project development has increased to between <span class="xn-money">$185</span> and <span class="xn-money">$210 million</span>, a 40% increase from 2009.  These exploration and advanced project development programs are designed to generate and develop the projects that will help drive production in the decades to come.</p>
<p/>
<p>Approximately 75% of the exploration budget is focused on programs within Newmont's existing operating districts and major land packages, including the prospective gold belts at <span class="xn-person">Hope Bay</span> in <span class="xn-location">Canada</span> and in <span class="xn-location">Suriname</span>.  These exploration programs are designed to support production, replace reserves, optimize existing assets, explore and advance copper opportunities and to develop new brown field projects that leverage existing facilities and infrastructure.</p>
<p/>
<p>The additional Advanced Project development programs are coordinated with our exploration efforts, with exploration delivering new resources that are effectively advanced through the development pipeline in each of the operating regions.  The Company's more notable exploration and advanced project development opportunities include <span class="xn-person">Hope Bay</span> in <span class="xn-location">Canada</span>, the Greater Leeville-Turf project in Nevada, the Subika underground project in <span class="xn-location">Ghana</span>, expansion drilling at Boddington in <span class="xn-location">Australia</span>, and multiple programs targeting underground resource expansions across <span class="xn-location">Australia</span> and <span class="xn-location">New Zealand</span> and sulfide exploration and development programs in <span class="xn-location">Peru</span>.</p>
<pre>
    

    Hope Bay, Canada

    
</pre>
<p>At <span class="xn-person">Hope Bay</span> in <span class="xn-location">Canada</span>, positive 2009 drilling and regional exploration results have reinforced the positive view of exploration potential across the 80 kilometer greenstone belt.  The Company is advancing development with an underground focus, to be initiated with a decline at the <span class="xn-person">Doris North</span> deposit.  The Company has deployed an experienced project development team and key contractors are in place to aggressively advance this underground opportunity.  With near-term development plans and district exploration for years to come, <span class="xn-person">Hope Bay</span> remains a significant asset within the Company's portfolio. The Company expects to spend approximately <span class="xn-money">$60 to $70 million</span> on advanced project development and near mine exploration in 2010 at <span class="xn-person">Hope Bay</span>, excluding capital.</p>
<pre>
    

    Greater Leeville-Turf, Nevada

    
</pre>
<p>In Nevada, the Company has a portfolio of multiple open pit and underground projects.  One of these opportunities is the Greater Leeville-Turf program, where the Company has a surface exploration program extending well beyond known mineralization.  Early results from both surface and underground exploration programs suggest significant potential for resource expansion, with recent surface gold intercepts including CGX-24 with 32 feet at 0.7 ounces per ton and CGX-12 with 151 feet at 0.6 ounces per ton, all accessible by extensions of current underground infrastructure. The Company expects to spend approximately <span class="xn-money">$75 to $85 million</span> on advanced project development and near mine exploration in 2010 in Nevada, excluding capital.</p>
<pre>
    

    Subika Expansion, Ghana

    
</pre>
<p>The Subika Expansion project at our Ahafo operation in <span class="xn-location">Ghana</span> is focused on developing reserves by expanding the existing open pit and through underground development.  The Company is concurrently advancing exploration and development with surface drilling to define the exploration potential and underground drifting and future drilling for resource and project development.  An exploration decline was successfully initiated in <span class="xn-chron">February 2010</span> and underground development is advancing rapidly. The Company expects to spend approximately <span class="xn-money">$10 to $15 million</span> on advanced project development and near mine exploration in 2010 in <span class="xn-location">Ghana</span>, excluding capital.</p>
<pre>
    

    Australia / New Zealand

    
</pre>
<p>As Boddington ramps-up to full production, the Company continues to step out with exploration to the north and east, where preliminary results suggest significant opportunity for higher grade, shallow resource additions.  Across <span class="xn-location">Australia</span> and in <span class="xn-location">New Zealand</span>, the Company is expanding underground resources with surface and underground exploration and development programs.  One such opportunity is the Gateway project at Jundee, where drilling continues to identify a new vein system to the south of current resources with potential exploration drifting scheduled for late 2010 to early 2011. The Company expects to spend approximately <span class="xn-money">$20 to $30 million</span> on advanced project development and near mine exploration in 2010 in Australia/New Zealand, excluding capital.</p>
<pre>
    

    Yanacocha District, Peru

    
</pre>
<p>In <span class="xn-location">South America</span>, the Company's exploration focus is on unlocking the sulfide opportunities within the Yanacocha district and around the Conga project.  Advanced exploration and development of the large gold-copper sulfide resources underlying current Yanacocha oxide pits is ongoing.  As a result, research and development of metallurgical process options for potentially minable resources is advancing.  In addition, the Chaquicocha Sur sulfide project has advanced into Stage 2, with a program focused on an underground mining option to develop this high grade resource.  In addition, while basic engineering and permitting advances on the Conga project, multiple gold-copper porphyry targets across the prospective land package are being explored to maximize the value of this world class project. The Company expects to spend approximately <span class="xn-money">$25 to $30 million</span> on advanced project development and near mine exploration in 2010 in <span class="xn-location">Peru</span>.</p>
<p/>
<p> </p>
<p> </p>
<p> </p>
<p>Supplemental Information:</p>
<p> </p>
<pre>
    
                 Equity Proven, Probable, and Combined Gold Reserves(1)       
                 ------------------------------------------------------       
    
</pre>
<p> </p>
<pre>
    
                                    December 31, 2009                         
    -------------------------------------------------------------------------
    Deposits/Districts by                                                     
     Reporting Unit                                   Proven Reserves         
                                             --------------------------------
                                    Newmont    Tonnage    Grade       Gold    
                                    Share    (000 tons) (oz/ton)    (000 ozs)
    -------------                   -----------------------------------------
    NORTH AMERICA                                                             
      Carlin Open Pits, Nevada(2)    100%     24,400     0.067          1,640 
      Carlin Underground, Nevada     100%      4,600     0.307          1,400 
      Midas, Nevada(3)               100%        400     0.480            200 
      Phoenix, Nevada                100%          0                        0 
      Twin Creeks, Nevada            100%      9,300     0.097            900 
      Turquoise Ridge, Nevada(4)      25%      1,100     0.480            550 
      Nevada In-Process(5)           100%     33,800     0.021            730 
      Nevada Stockpiles(6)           100%     27,000     0.079          2,140 
          Total Nevada                       100,600     0.075          7,560 
      La Herradura, Mexico            44%     46,100     0.019            900 
    ----------------------           ---      ------     -----            --- 
    TOTAL NORTH AMERICA                      146,700     0.058          8,460 
    -------------------                      -------     -----          ----- 
    SOUTH AMERICA                                                             
      Conga, Peru(7)               51.35%          0                        0 
      Yanacocha Open Pits(8)       51.35%      7,800     0.035            270 
      Yanacocha In-Process(5)      51.35%     26,400     0.025            660 
          Total Yanacocha, Peru               34,200     0.027            930 
      Kori Kollo, Bolivia(9)          88%          0                        0 
      La Zanja, Peru(10)           46.94%          0                        0 
    --------------------           -----         ---     -----            --- 
    TOTAL SOUTH AMERICA                       34,200     0.027            930 
    -------------------                       ------     -----            --- 
    ASIA PACIFIC                                                              
      Batu Hijau Open Pit(11)      52.44%    201,100     0.015          2,970 
      Batu Hijau Stockpiles(6)(11) 52.44%          0                        0 
          Total Batu Hijau,                                                   
           Indonesia               52.44%    201,100     0.015          2,970 
      Boddington, Western                                                     
       Australia(12)              100.00%    184,600     0.025          4,640 
      Jundee, Western Australia      100%      4,100     0.065            260 
      Kalgoorlie Open Pit and                                                 
       Underground                    50%     21,200     0.061          1,280 
      Kalgoorlie Stockpiles(6)        50%     14,300     0.031            440 
          Total Kalgoorlie,                                                   
           Western Australia          50%     35,500     0.049          1,720 
      Tanami, Northern Territories   100%      5,200     0.160            830 
      Waihi, New Zealand             100%          0                        0 
    ---------------------            ---         ---     -----            --- 
    TOTAL ASIA PACIFIC                       430,500     0.024         10,420 
    ------------------                       -------     -----         ------ 
    AFRICA                                                                    
      Ahafo Open Pits(13)            100%          0                        0 
      Ahafo Stockpiles(6)            100%      9,300     0.034            320 
          Total Ahafo, Ghana         100%      9,300     0.034            320 
      Akyem, Ghana(14)               100%          0                        0 
    ------------------               ---         ---     -----            --- 
    TOTAL AFRICA                               9,300     0.034            320 
    ------------                               -----     -----            --- 
    TOTAL NEWMONT WORLDWIDE                  620,700     0.032         20,130 
    -----------------------                  -------     -----         ------ 
                                                                              
                                                                              
                                                                              
                                                                              
                                            December 31, 2009                 
    -------------------------------------------------------------------------
    Deposits/Districts by                                                     
     Reporting Unit                       Probable Reserves 
                                    --------------------------------
                                     Tonnage      Grade      Gold             
                                    (000 tons)  (oz/ton)   (000 ozs)          
    -------------                   ----------  --------   ---------          
    NORTH AMERICA                                                             
      Carlin Open Pits, Nevada(2)      234,900       0.042     9,760          
      Carlin Underground, Nevada         5,100       0.315     1,590          
      Midas, Nevada(3)                     300       0.347       100          
      Phoenix, Nevada                  285,000       0.020     5,670          
      Twin Creeks, Nevada               40,900       0.072     2,950          
      Turquoise Ridge, Nevada(4)         1,500       0.527       810          
      Nevada In-Process(5)                   0                     0          
      Nevada Stockpiles(6)               2,500       0.028        70          
          Total Nevada                 570,200       0.037    20,950          
      La Herradura, Mexico              47,100       0.019       880          
    ----------------------              ------       -----       ---          
    TOTAL NORTH AMERICA                617,300       0.035    21,830          
    -------------------                -------       -----    ------          
    SOUTH AMERICA                                                             
      Conga, Peru(7)                   317,200       0.019     6,080          
      Yanacocha Open Pits(8)           123,700       0.036     4,480          
      Yanacocha In-Process(5)                0                     0          
          Total Yanacocha, Peru        123,700       0.036     4,480          
      Kori Kollo, Bolivia(9)                 0                     0          
      La Zanja, Peru(10)                18,800       0.018       340          
    --------------------                ------       -----       ---          
    TOTAL SOUTH AMERICA                459,700       0.024    10,900          
    -------------------                -------       -----    ------          
    ASIA PACIFIC                                                              
      Batu Hijau Open Pit(11)          167,700       0.005       810          
      Batu Hijau Stockpiles(6)(11)     193,800       0.004       720          
          Total Batu Hijau,                                                   
           Indonesia                   361,500       0.004     1,530          
      Boddington, Western                                                     
       Australia(12)                   781,800       0.021    16,320          
      Jundee, Western Australia          3,300       0.273       910          
      Kalgoorlie Open Pit and                                                 
       Underground                      39,600       0.062     2,470          
      Kalgoorlie Stockpiles(6)               0                     0          
          Total Kalgoorlie,                                                   
           Western Australia            39,600       0.062     2,470          
      Tanami, Northern Territories       7,900       0.102       810          
      Waihi, New Zealand                 4,000       0.101       410          
    ---------------------                -----       -----       ---          
    TOTAL ASIA PACIFIC               1,198,100       0.019    22,450          
    ------------------               ---------       -----    ------          
    AFRICA                                                                    
      Ahafo Open Pits(13)              128,700       0.068     8,810          
      Ahafo Stockpiles(6)                    0                     0          
          Total Ahafo, Ghana           128,700       0.068     8,810          
      Akyem, Ghana(14)                 147,200       0.052     7,660          
    ------------------                 -------       -----     -----          
    TOTAL AFRICA                       275,900       0.060    16,470          
    ------------                       -------       -----    ------          
    TOTAL NEWMONT WORLDWIDE          2,551,000       0.028    71,650          
    -----------------------          ---------       -----    ------          
                                                                              
                                                                              
                                                                              
                                               December 31, 2009           
    --------------------------------------------------------------------------
    Deposits/Districts by            Proven and Probable         Metallurgical
     Reporting Unit                       Reserves                  Recovery  
                                  --------------------------------------------
                                   Tonnage      Grade      Gold            
                                  (000 tons)   (oz/ton)  (000 ozs)          
    -------------                 ----------   --------  ---------          
    NORTH AMERICA                                                           
      Carlin Open Pits, Nevada(2)    259,300     0.044    11,400       74%
      Carlin Underground, Nevada       9,700     0.311     2,990       88%
      Midas, Nevada(3)                   700     0.425       300       95%
      Phoenix, Nevada                285,000     0.020     5,670       73%
      Twin Creeks, Nevada             50,200     0.077     3,850       80%
      Turquoise Ridge, Nevada(4)       2,600     0.507     1,360       92%
      Nevada In-Process(5)            33,800     0.021       730       65%
      Nevada Stockpiles(6)            29,500     0.075     2,210       79%
          Total Nevada               670,800     0.042    28,510       77%
      La Herradura, Mexico            93,200     0.019     1,780       66%
    ----------------------            ------     -----     -----      --- 
    TOTAL NORTH AMERICA              764,000     0.040    30,290       77%
    -------------------              -------     -----    ------      --- 
    SOUTH AMERICA                                                         
      Conga, Peru(7)                 317,200     0.019     6,080       79%
      Yanacocha Open Pits(8)         131,500     0.036     4,750       69%
      Yanacocha In-Process(5)         26,400     0.025       660       74%
          Total Yanacocha, Peru      157,900     0.034     5,410       69%
      Kori Kollo, Bolivia(9)               0                   0          
      La Zanja, Peru(10)              18,800     0.018       340       67%
    --------------------              ------     -----       ---      --- 
    TOTAL SOUTH AMERICA              493,900     0.024    11,830       74%
    -------------------              -------     -----    ------      --- 
    ASIA PACIFIC                                                          
      Batu Hijau Open Pit(11)        368,800     0.010     3,780       76%
      Batu Hijau Stockpiles(6)(11)   193,800     0.004       720       70%
          Total Batu Hijau,                                               
           Indonesia                 562,600     0.008     4,500       75%
      Boddington, Western                                                 
       Australia(12)                 966,400     0.022    20,960       82%
      Jundee, Western Australia        7,400     0.159     1,170       90%
      Kalgoorlie Open Pit and                                             
       Underground                    60,800     0.062     3,750       85%
      Kalgoorlie Stockpiles(6)        14,300     0.031       440       78%
          Total Kalgoorlie,                                               
           Western Australia          75,100     0.056     4,190       84%
      Tanami, Northern Territories    13,100     0.125     1,640       96%
      Waihi, New Zealand               4,000     0.101       410       90%
    ---------------------              -----     -----       ---      --- 
    TOTAL ASIA PACIFIC             1,628,600     0.020    32,870       82%
    ------------------             ---------     -----    ------      --- 
    AFRICA                                                                
      Ahafo Open Pits(13)            128,700     0.068     8,810       87%
      Ahafo Stockpiles(6)              9,300     0.034       320       87%
          Total Ahafo, Ghana         138,000     0.066     9,130       87%
      Akyem, Ghana(14)               147,200     0.052     7,660       89%
    ------------------               -------     -----     -----      --- 
    TOTAL AFRICA                     285,200     0.059    16,790       88%
    ------------                     -------     -----    ------      --- 
    TOTAL NEWMONT WORLDWIDE        3,171,700     0.029    91,780       80%
    -----------------------        ---------     -----    ------      --- 
                                                                          
                                                                          
                                                                          
                                            December 31, 2008 
    ----------------------------------------------------------------------
    Deposits/Districts by                                                 
     Reporting Unit                    Proven + Probable Reserves         
                                    --------------------------------      
                                     Tonnage      Grade      Gold         
                                    (000 tons)  (oz/ton)   (000 ozs)      
    -------------                   ----------  --------   ---------      
    NORTH AMERICA                                                         
      Carlin Open Pits, Nevada(2)    202,400       0.045     9,050        
      Carlin Underground, Nevada      11,700       0.313     3,650        
      Midas, Nevada(3)                   900       0.436       390        
      Phoenix, Nevada                299,800       0.021     6,310        
      Twin Creeks, Nevada             51,700       0.077     3,960        
      Turquoise Ridge, Nevada(4)       2,600       0.500     1,330        
      Nevada In-Process(5)            36,000       0.026       940        
      Nevada Stockpiles(6)            34,200       0.072     2,460        
          Total Nevada               639,300       0.044    28,090        
      La Herradura, Mexico            76,100       0.025     1,890        
    ----------------------            ------       -----     -----        
    TOTAL NORTH AMERICA              715,400       0.044    29,980        
    -------------------              -------       -----    ------        
    SOUTH AMERICA                                                         
      Conga, Peru(7)                 317,200       0.019     6,080        
      Yanacocha Open Pits(8)         207,500       0.030     6,150        
      Yanacocha In-Process(5)         20,800       0.026       530        
          Total Yanacocha, Peru      228,300       0.029     6,680        
      Kori Kollo, Bolivia(9)          11,500       0.017       190        
      La Zanja, Peru(10)                   0                     0        
    --------------------                 ---       -----       ---        
    TOTAL SOUTH AMERICA              557,000       0.023    12,950        
    -------------------              -------       -----    ------        
    ASIA PACIFIC                                                          
      Batu Hijau Open Pit(11)        348,800       0.011     3,680        
      Batu Hijau Stockpiles(6)(11)   131,400       0.003       410        
          Total Batu Hijau,                                               
           Indonesia                 480,200       0.009     4,090        
      Boddington, Western                                                 
       Australia(12)                 583,200       0.023    13,370        
      Jundee, Western Australia        6,300       0.202     1,270        
      Kalgoorlie Open Pit and                                             
       Underground                    63,700       0.062     3,970        
      Kalgoorlie Stockpiles(6)        14,400       0.031       450        
          Total Kalgoorlie,                                               
           Western Australia          78,100       0.056     4,420        
      Tanami, Northern Territories    11,500       0.129     1,480        
      Waihi, New Zealand               2,900       0.124       360        
    ---------------------              -----       -----       ---        
    TOTAL ASIA PACIFIC             1,162,200       0.022    24,990        
    ------------------             ---------       -----    ------        
    AFRICA                                                                
      Ahafo Open Pits(13)                                                 
      Ahafo Stockpiles(6)                                                 
          Total Ahafo, Ghana         125,100       0.075     9,380        
      Akyem, Ghana(14)               147,200       0.052     7,660        
    ------------------               -------       -----     -----        
    TOTAL AFRICA                     272,300       0.063    17,040        
    ------------                     -------       -----    ------        
    TOTAL NEWMONT WORLDWIDE        2,706,900       0.031    84,960      
    -----------------------        ---------       -----    ------      
                                                                          
    (1)  Reserves are calculated at a gold price of US$800, A$1000, or 
         NZ$1,200 per ounce unless otherwise noted. 2008 reserves were 
         calculated at a gold price of  US$725, A$850, or NZ$1,000  per ounce 
         unless otherwise noted.  Tonnage amounts have been rounded to the 
         nearest 100,000 unless they are less than 50,000, and gold ounces 
         have been rounded to the nearest 10,000.    
    (2)  Includes undeveloped reserves at the Emigrant deposits for combined 
         total undeveloped reserves of 1.2 million ounces.    
    (3)  Also contains reserves of 4.6 million ounces of silver with a 
         metallurgical recovery of 88%.    
    (4)  Reserve estimates provided by Barrick, the operator of the Turquoise 
         Ridge Joint Venture.      
    (5)  In-process material is the material on leach pads at the end of each 
         year from which gold remains to be recovered.  In-process material 
         reserves are reported separately where tonnage or contained ounces 
         are greater than 5% of the total site-reported reserves and 
         contained ounces are greater than 100,000.    
    (6)  Stockpiles are comprised primarily of material that has been set 
         aside to allow processing of higher grade material in the mills.  
         Stockpiles increase or decrease depending on current mine plans.  
         Stockpile reserves are reported separately where tonnage or 
         contained ounces are greater than 5% of the total site-reported 
         reserves and contained ounces are greater than 100,000.    
    (7)  Deposit is currently undeveloped.     
    (8)  Reserves include the currently undeveloped deposit at Tapado Oeste 
         (formerly called Corimayo), which contains undeveloped reserves of 
         1.2 million equity ounces.    
    (9)  Newmont divested its interest in Kori Kollo in July 2009.    
    (10) Reserves estimates were provided by Buenaventura, the operator of 
         the La Zanja project.     
    (11) Percentage reflects Newmont's economic interest at December 31, 
         2009.  In November and December 2009 our economic interest increased 
         from 45% to 52.44% as a result of transactions with a noncontrolling 
         partner, partially offset by divestiture required under the Contract 
         of Work.    
    (12) Newmont acquired the remaining 33.33% of Boddington from AngloGold 
         in June 2009.    
    (13) Includes undeveloped reserves at Amoma, Yamfo South, Yamfo Central, 
         Techire West, Subenso South, Subenso North, Yamfo Northeast, and 
         Susuan totaling 3.7 million ounces.     
    (14) Deposit is undeveloped.

    
</pre>
<p> </p>
<p> </p>
<pre>
    
                 Equity Gold Mineralized Material Not in Reserves(1)(2)      
                 ------------------------------------------------------      
    
</pre>
<p> </p>
<pre>
    
                                            December 31, 2009
                           ---------------------------------------------------
    Deposits/Districts                Measured Material    Indicated Material
                                    ---------------------  ------------------
                           Newmont    Tonnage    Grade     Tonnage    Grade  
                            Share    (000 tons)  (oz/ton)  (000 tons) (oz/ton)
    -------------          -------  -----------  --------  ---------- --------
    NORTH AMERICA                                                           
      Carlin Trend Open Pit,                                                
       Nevada                 100%      2,600      0.027     26,200    0.020
      Carlin Trend                                                          
       Underground, Nevada    100%        700      0.189        110    0.153
      Lone Tree Complex,                                                    
       Nevada                 100%          0                 4,200    0.022
      Midas, Nevada           100%          0      0.205        100    0.188
      Phoenix, Nevada         100%          0      0.000    158,400    0.013
      Twin Creeks, Nevada     100%      3,400      0.097     31,600    0.045
      Turquoise Ridge (3),                                                  
       Nevada                  25%        300      0.412        300    0.452
      Nevada Stockpiles (4),                                                
       Nevada                 100%     10,700      0.060                    
          Total Nevada                 17,700      0.074    220,910    0.020
      La Herradura, Mexico     44%      6,500      0.017      7,800    0.016
    ----------------------    ---       -----      -----      -----    -----
    TOTAL NORTH AMERICA                24,200      0.058    228,710    0.019
    -------------------                ------      -----    -------    -----
    SOUTH AMERICA                                                           
      Conga, Peru           51.35%          0                58,000    0.013
      Yanacocha, Peru       51.35%      1,300      0.017    157,800    0.020
      La Zanja(5), Peru     46.94%          0                     0    0.000
    -------------------     -----         ---      -----        ---    -----
    TOTAL SOUTH AMERICA                 1,300      0.017    215,800    0.018
    -------------------                 -----      -----    -------    -----
    ASIA PACIFIC                                                            
      Batu Hijau (6),                                                       
       Indonesia            52.44%     25,400      0.017    148,400    0.007
      Boddington, Western                                                   
       Australia(7)           100%     20,600      0.010    344,200    0.015
      Jundee, Western                                                       
       Australia              100%          0                   200    0.045
      Kalgoorlie, Western                                                   
       Australia               50%      2,300      0.059      4,100    0.054
      Tanami, Northern                                                      
       Territory              100%        300      0.099      1,100    0.082
      Waihi, New Zealand      100%          0                 1,200    0.206
    TOTAL ASIA PACIFIC                 48,600      0.016    499,200    0.013
    ------------------                 ------      -----    -------    -----
    AFRICA                                                                  
      Ahafo, Ghana            100%          0                97,800    0.050
      Akyem, Ghana            100%          0                11,600    0.048
    TOTAL AFRICA                            0               109,400    0.050
    ------------                          ---      -----    -------    -----
    TOTAL NEWMONT WORLDWIDE            74,100      0.030  1,053,110    0.019
    -----------------------            ------      -----  ---------    -----
                                                                          
                                                                          
                                                                          
                                            December 31, 2009
                              ---------------------------------------------
                                    Measured +                           
    Deposits/Districts          Indicated Material      Inferred Material 
                              -----------------------  -------------------
                               Tonnage       Grade      Tonnage     Grade 
                               (000 tons)   (oz/ton)   (000 tons)  (oz/ton)
    -------------             ------------  ---------  ----------  -------
    NORTH AMERICA                                                         
      Carlin Trend Open Pit,                                              
       Nevada                     28,800       0.021     10,400      0.034
      Carlin Trend                                                        
       Underground, Nevada           810        0.18      7,400      0.289
      Lone Tree Complex,                                                  
       Nevada                      4,200       0.022          0           
      Midas, Nevada                  100       0.193        100      0.248
      Phoenix, Nevada            158,400       0.013     35,400      0.015
      Twin Creeks, Nevada         35,000       0.050     11,300      0.018
      Turquoise Ridge (3),                                                
       Nevada                        600       0.431      1,300      0.456
      Nevada Stockpiles (4),                                              
       Nevada                     10,700       0.060      2,300      0.043
          Total Nevada           238,610       0.024     68,200      0.058
      La Herradura, Mexico        14,300       0.016     20,500      0.019
    ----------------------        ------       -----     ------      -----
    TOTAL NORTH AMERICA          252,910       0.023     88,700      0.049
    -------------------          -------       -----     ------      -----
    SOUTH AMERICA                                                         
      Conga, Peru                 58,000       0.013     79,000      0.011
      Yanacocha, Peru            159,100       0.020     25,800      0.019
      La Zanja(5), Peru                0       0.000      4,000      0.016
    -------------------              ---       -----      -----      -----
    TOTAL SOUTH AMERICA          217,100       0.018    108,800      0.013
    -------------------          -------       -----    -------      -----
    ASIA PACIFIC                                                          
      Batu Hijau (6),                                                     
       Indonesia                 173,800       0.008     81,300      0.002
      Boddington, Western                                                 
       Australia(7)              364,800       0.014    292,900      0.016
      Jundee, Western                                                     
       Australia                     200       0.045      3,800      0.068
      Kalgoorlie, Western                                                 
       Australia                   6,400       0.056      1,600      0.136
      Tanami, Northern                                                    
       Territory                   1,400       0.086      8,100      0.152
      Waihi, New Zealand           1,200       0.206        300      0.146
    TOTAL ASIA PACIFIC           547,800       0.013    388,000      0.017
    ------------------           -------       -----    -------      -----
    AFRICA                                                                
      Ahafo, Ghana                97,800       0.050     26,200      0.104
      Akyem, Ghana                11,600       0.048      4,600      0.047
    TOTAL AFRICA                 109,400       0.050     30,800      0.095
    ------------                 -------       -----     ------      -----
    TOTAL NEWMONT WORLDWIDE    1,127,210       0.020    616,300      0.025
    -----------------------    ---------       -----    -------      -----
                                                                          
    (1)  Mineralized material is reported exclusive of reserves.    
    (2)  Mineralized Material calculated at a gold price of US$950, A$1,200, 
         or NZ$1,400 per ounce unless otherwise noted.  2008 Mineralized 
         material was calculated at a gold price of US$850, A$1,000, or 
         NZ$1,175 per ounce. Tonnage amounts have been rounded to the nearest 
         100,000.    
    (3)  Mineralized material estimates were provided by Barrick, the 
         operator of the Turquoise Ridge Joint Venture.      
    (4)  Stockpiles are comprised primarily of material that has been set 
         aside to allow processing of higher grade material in the mills.  
         Stockpiles increase or decrease depending on current mine plans.     
    (5)  Mineralized material estimates were provided by Buenaventura, the 
         operator of the La Zanja Project.     
    (6)  Percentage reflects Newmont's economic interest at December 31, 
         2009.  In November and December 2009 our economic interest increased 
         from 45% to 52.44% as a result of transactions with a noncontrolling 
         partner, partially offset by divestiture required under the Contract 
         of Work.    
    (7)  Newmont acquired the remaining 33.33% of Boddington from AngloGold 
         in June 2009.



    
</pre>
<p> </p>
<p> </p>
<p>                         Equity Copper Reserves(1)                        </p>
<p> </p>
<pre>
    
                                           December 31, 2009 
                            ------------------------------------------------- 
                                             Proven Reserves                  
      Deposits/Districts                                                      
                                                               Copper         
                            Newmont     Tonnage     Grade      (million       
                            Share       (000 tons)  (Cu%)      pounds)        
    -------------           --------    ----------  ------     ---------      
    NORTH AMERICA                                                     
      Phoenix, Nevada           100%          0                     0 
    ------------------          ---         ---                   --- 
    TOTAL NORTH AMERICA                       0                     0 
    -------------------                     ---                   --- 
    SOUTH AMERICA                                                     
      Conga, Peru(2)          51.35%          0                     0 
    -----------------         -----         ---                   --- 
    TOTAL SOUTH AMERICA                       0                     0 
    -------------------                     ---                   --- 
    ASIA PACIFIC                                                      
        Batu Hijau(3)         52.44%    201,100       0.51%     2,070 
        Batu Hijau,                                                   
         Stockpiles(3)(4)     52.44%          0                     0 
      Batu Hijau,                                                     
       Indonesia              52.44%    201,100       0.51%     2,070 
      Boddington, Western                                             
       Australia (5)         100.00%    184,600       0.11%       400 
    ---------------------    ------     -------       ----        --- 
    TOTAL ASIA PACIFIC                  385,700       0.32%     2,470 
    ------------------                  -------       ----      ----- 
    TOTAL NEWMONT WORLDWIDE             385,700       0.32%     2,470 
    -----------------------             -------       ----      ----- 
                                                                              
                                                                              
                                                                              
                                      December 31, 2009 
                            ----------------------------------
                                    Probable Reserves                         
                            ---------------------------------- 
      Deposits/Districts                                                      
                                                       Copper                 
                            Tonnage        Grade       (million               
                            (000 tons)     (Cu%)       pounds)                
    -------------           ----------     ------      ---------              
    NORTH AMERICA                                                             
      Phoenix, Nevada          287,500     0.16%          900                 
    ------------------         -------     ----           ---                 
    TOTAL NORTH AMERICA        287,500     0.16%          900                 
    -------------------        -------     ----           ---                 
    SOUTH AMERICA                                                             
      Conga, Peru(2)           317,200     0.26%        1,660                 
    -----------------          -------     ----         -----                 
    TOTAL SOUTH AMERICA        317,200     0.26%        1,660                 
    -------------------        -------     ----         -----                 
    ASIA PACIFIC                                                              
        Batu Hijau(3)          167,700     0.32%        1,060                 
        Batu Hijau,                                                           
         Stockpiles(3)(4)      193,800     0.36%        1,390                 
      Batu Hijau,                                                             
       Indonesia               361,500     0.34%        2,450                 
      Boddington, Western                                                     
       Australia (5)           781,800     0.10%        1,640                 
    ---------------------      -------     ----         -----                 
    TOTAL ASIA PACIFIC       1,143,300     0.18%        4,090                 
    ------------------       ---------     ----         -----                 
    TOTAL NEWMONT WORLDWIDE  1,748,000     0.19%        6,650                 
    -----------------------  ---------     ----         -----                 
                                                                              
                                                                              
                                                                              
                                           December 31, 2009 
                            ------------------------------------------------- 
                                Proven + Probable Reserves                    
                            ---------------------------------- 
    Deposits/Districts                                                      
                                                      Copper                  
                            Tonnage       Grade       (million   Metallurgical
                            (000 tons)    (Cu%)       pounds)       Recovery  
    -------------           ----------    ------     ---------  --------------
    NORTH AMERICA                                                       
      Phoenix, Nevada          287,500    0.16%           900        61%
    ------------------         -------    ----            ---       --- 
    TOTAL NORTH AMERICA        287,500    0.16%           900        61%
    -------------------        -------    ----            ---       --- 
    SOUTH AMERICA                                                       
      Conga, Peru(2)           317,200    0.26%         1,660        85%
    -----------------          -------    ----          -----       --- 
    TOTAL SOUTH AMERICA        317,200    0.26%         1,660        85%
    -------------------        -------    ----          -----       --- 
    ASIA PACIFIC                                                        
        Batu Hijau(3)          368,800    0.42%         3,130        77%
        Batu Hijau,                                                     
         Stockpiles(3)(4)      193,800    0.36%         1,390        66%
      Batu Hijau,                                                       
       Indonesia               562,600    0.40%         4,520        74%
      Boddington, Western                                               
       Australia (5)           966,400    0.11%         2,040        84%
    ---------------------      -------    ----          -----       --- 
    TOTAL ASIA PACIFIC       1,529,000    0.21%         6,560        77%
    ------------------       ---------    ----          -----       --- 
    TOTAL NEWMONT WORLDWIDE  2,133,700    0.21%         9,120        77%
    -----------------------  ---------    ----          -----       --- 
                                                                              
                                                                              
                                                                              
                                      December 31, 2008 
                             ----------------------------------
                                 Proven + Probable Reserve 
                             ----------------------------------
      Deposits/Districts                                                      
                                                       Copper                 
                              Tonnage       Grade     (million                
                             (000 tons)      (Cu%)     pounds)                
    -------------            ----------     ------    ---------               
    NORTH AMERICA                                                             
      Phoenix, Nevada          302,000        0.15%       890                 
    ------------------         -------        ----        ---                 
    TOTAL NORTH AMERICA        302,000        0.15%       890                 
    -------------------        -------        ----        ---                 
    SOUTH AMERICA                                                             
      Conga, Peru(2)           317,200        0.26%     1,660                 
    -----------------          -------        ----      -----                 
    TOTAL SOUTH AMERICA        317,200        0.26%     1,660                 
    -------------------        -------        ----      -----                 
    ASIA PACIFIC                                                              
        Batu Hijau(3)          348,800        0.44%     3,060                 
        Batu Hijau,                                                           
         Stockpiles(3)(4)      131,400        0.34%       890                 
      Batu Hijau,                                                             
       Indonesia               480,200        0.41%     3,950                 
      Boddington, Western                                                     
       Australia (5)           583,200        0.11%     1,280                 
    ---------------------      -------        ----      -----                 
    TOTAL ASIA PACIFIC       1,063,400        0.25%     5,230                 
    ------------------       ---------        ----      -----                 
    TOTAL NEWMONT WORLDWIDE  1,682,600        0.23%     7,780                 
    -----------------------  ---------        ----      -----                 
                                                                              
    (1)  Reserves are calculated at US$2.00 or A$2.40 per pound copper price 
         unless otherwise noted.  2008 reserves were also calculated at 
         US$2.00 or A$2.40 per pound copper price unless otherwise noted.  
         Tonnage amounts have been rounded to the nearest 100,000 and pounds 
         have been rounded to the nearest 10 million.    
    (2)  Deposit is undeveloped.    
    (3)  Percentage reflects Newmont's economic interest at December 31, 
         2009.  In November and December 2009 our economic interest increased 
         from 45% to 52.44% as a result of transactions with a noncontrolling 
         partner, partially offset by divestiture required under the Contract 
         of Work.    
    (4)  Stockpiles are comprised primarily of material that has been set 
         aside to allow processing of higher grade material.  Stockpiles 
         increase or decrease depending on current mine plans.  Stockpiles 
         are reported separately where tonnage or contained metal are greater 
         than 5% of the total site reported reserves.    
    (5)  Newmont acquired the remaining 33.33% of Boddington from AngloGold 
         in June 2009.



    
</pre>
<p> </p>
<p> </p>
<pre>
    
              Equity Copper Mineralized Material Not in Reserves(1)(2)  
              --------------------------------------------------------        
    
</pre>
<p> </p>
<pre>
    
                                           December 31, 2009
                          ----------------------------------------------------
    Deposits/Districts               Measured Material      Indicated Material
                                    ------------------      ------------------
                           Newmont  Tonnage     Grade       Tonnage     Grade 
                           Share    (000 tons)  (Cu%)       (000 tons)  (Cu%) 
    -------------         --------  ----------  ------      ----------  ------
    NORTH AMERICA                                                           
      Phoenix, Nevada        100%          0     0.00%       199,687    0.18%
    -----------------        ---         ---     ----        -------    ---- 
    TOTAL NORTH AMERICA                                      199,687    0.18%
    -------------------                                      -------    ---- 
    SOUTH AMERICA                                                            
      Conga, Peru          51.35%          0     0.00%        58,000    0.18%
    -------------          -----         ---     ----         ------    ---- 
    TOTAL SOUTH AMERICA                                       58,000    0.18%
    -------------------                                       ------    ---- 
    ASIA PACIFIC                                                             
      Batu Hijau,                                                            
       Indonesia (3)       52.44%     25,400     0.42%       148,400    0.31%
      Boddington,                                                            
       Western                                                               
       Australia (4)      100.00%     20,600     0.08%       344,200    0.10%
    ----------------      ------      ------     ----        -------    ---- 
    TOTAL ASIA PACIFIC                46,000     0.27%       492,600    0.16%
    ------------------                ------     ----        -------    ---- 
    TOTAL NEWMONT WORLDWIDE           46,000     0.27%       750,287    0.17%
    -----------------------           ------     ----        -------    ---- 
                                                                          
                                                                         
                                                                         
                                       December 31, 2009
                         ---------------------------------------------
                         Measured + Indicated                            
    Deposits/Districts          Material           Inferred Material     
                         --------------------     --------------------   
                           Tonnage       Grade     Tonnage       Grade        
                          (000 tons)    (Cu%)     (000 tons)     (Cu%)        
    -------------         ----------    ------    ----------    ------       
    NORTH AMERICA                                                        
      Phoenix, Nevada      199,687        0.18%     91,815       0.23%  
    -----------------      -------        ----      ------       ----   
    TOTAL NORTH AMERICA    199,687        0.18%     91,815       0.23%  
    -------------------    -------        ----      ------       ----   
    SOUTH AMERICA                                                       
      Conga, Peru           58,000        0.18%     79,000       0.17%  
    -------------           ------        ----      ------       ----   
    TOTAL SOUTH AMERICA     58,000        0.18%     79,000       0.17%  
    -------------------     ------        ----      ------       ----   
    ASIA PACIFIC                                                        
      Batu Hijau,                                                       
       Indonesia (3)       173,800        0.32%     81,300       0.22%  
      Boddington,                                                       
       Western                                                          
       Australia (4)       364,800        0.09%    292,900       0.10%  
    ----------------       -------        ----     -------       ----   
    TOTAL ASIA PACIFIC     538,600        0.17%    374,200       0.13%  
    ------------------     -------        ----     -------       ----   
    TOTAL NEWMONT                                                       
     WORLDWIDE             796,287        0.17%    545,015       0.15%  
    -------------          -------        ----     -------       ----   
                                                                         
    (1)  Mineralized material is reported exclusive of reserves.    
    (2)  Mineralized material calculated at a copper price of US$2.50 or 
         A$3.00 per pound unless otherwise noted.  2008 mineralized material 
         was also calculated at a copper price of US$2.50 or A$3.00 per 
         pound.  Tonnage amounts have been rounded to the nearest 100,000.  
    (3)  Percentage reflects Newmont's economic interest at December 31, 
         2009.  In November and December 2009 our economic interest increased 
         from 45% to 52.44% as a result of transactions with a noncontrolling 
         partner, partially offset by divestiture required under the Contract 
         of Work.    
    (4)  Newmont acquired the remaining 33.33% of Boddington from AngloGold 
         in June 2009.



    
</pre>
<p>To view more detailed financial disclosure, including regional mine statistics, Results of Consolidated Operations, Liquidity and Capital Resources, Management's Discussion & Analysis, relevant Risk Factors, and a complete outline of the 2009 Operating and Financial guidance by region, please see the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on <span class="xn-chron">February 25, 2010</span>, available at <a href="http://www.newmont.com">www.newmont.com</a>.</p>
<p/>
<p>The Company's fourth quarter and year-end earnings conference call and web cast presentation will be held on <span class="xn-chron">Thursday, February 25, 2010</span> beginning at <span class="xn-chron">10:00 a.m. Eastern Time</span> (<span class="xn-chron">8:00 a.m. Mountain Time</span>).  To participate:</p>
<p/>
<p> </p>
<p> </p>
<pre>
    
    Dial-In Number         800.779.3178
    Intl Dial-In Number    415.228.4957
    Leader                 John Seaberg
    Passcode               Newmont
    Replay Number          866.451.8896
    Intl Replay Number     203.369.1202
    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 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 cost structure; (vii) expectations regarding the ramp-up, mine life, production and costs applicable to sales and exploration potential of Boddington and the Company's other projects; and (viii) expectations regarding the impacts of operating, technical or geotechnical 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 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>
<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

Organization Profile

Newmont Mining Corporation

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890