Newmont Reports Fourth Quarter and 2007 Financial and Operating Results



    DENVER, Feb. 21 /CNW/ -- Newmont Mining Corporation (NYSE:   NEM) today
announced fourth quarter and 2007 financial and operating results.  For the
quarter and year ended December 31, the Company reported a net loss from
continuing operations of $933 million (-$2.06 per share) and $963 million
(-$2.13 per share), respectively, in 2007, compared with net income from
continuing operations of $171 million ($0.38 per share) and $563 million
($1.25 per share), respectively, in 2006.  Including discontinued operations,
the Company reported a net loss of $289 million (-$0.63 per share) and $1.9
billion (-$4.17 per share), for the quarter and year ended December 31, 2007,
respectively, compared with net income of $223 million ($0.50 per share) and
$791 million ($1.76 per share) for the quarter and year ended December 31,
2006.  Net income was impacted by the following:



    
    Description ($ million, after-tax)     Q4 2007    Q4 2006     2007    2006
    Continuing operations:
      Write-down of Exploration
       goodwill                           $(1,122)       $-    $(1,122)    $-
      Loss on settlement of gold
       contracts                               $-        $-      $(358)  $(23)
      Write-down of marketable securities    $(39)       $-       $(39)    $-
      Batu Hijau minority loan repayment       $-        $-       $(25)    $-
      Tax estimate revisions                   $-       $44         $-    $35
    Discontinued operations:
      Gain on sale of royalty portfolio
       and other assets                      $597        $-       $597     $-
      Write-down of Merchant Banking
       goodwill                                $-        $-    $(1,665)    $-
      Zarafshan expropriation settlement
       (impairment)                            $6        $-        $60   $(71)
      Gain on sale of Alberta oil sands        $-        $-         $-   $173
      Other discontinued operations and
       asset sales                            $41       $52        $85   $126
    
    Richard O'Brien, President and Chief Executive Officer, said, "Our
operating results in each of our regions continue to improve, with fourth
quarter and 2007 performance reflecting our focus on execution and in line
with guidance.  As we look to 2008 and beyond, we will maintain the momentum
established in 2007 by further improving our operating performance through
production, cost and capital execution in line with our plans. We will also
focus on completing the construction of Boddington in Australia, the Yanacocha
gold mill in Peru, and the Nevada power plant, while aggressively exploring at
our recently acquired Hope Bay project in Canada."



    
    Financial ($ million, except per share)  Q4 2007  Q4 2006    2007    2006
    Revenues                                  $1,410   $1,424   $5,526  $4,882
    (Loss) income from continuing operations   $(933)    $171    $(963)   $563
    (Loss) income from continuing operations
     per share                                $(2.06)   $0.38   $(2.13)  $1.25
    Net (loss) income                          $(289)    $223  $(1,886)   $791
    Net (loss) income per share               $(0.63)   $0.50   $(4.17)  $1.76
    

    
    Operating                                Q4 2007  Q4 2006    2007    2006
    Consolidated gold sales (000 ounces)(1)   $1,648   $1,954  $6,184   $7,186
    Equity gold sales (000 ounces)(1),(2)     $1,405   $1,715  $5,321   $5,870
    Average realized gold price ($/ounce)       $785     $612    $697     $594
    Costs applicable to sales ($/ounce)(3)      $384     $324    $406     $303
    Net cash provided from continuing
    operations ($ million)                      $631    $403     $525   $1,129
    Capital expenditures ($ million)            $511    $440   $1,670   $1,537
    

    
    (1)  Includes sales from start-up activities which are not included in
         Revenue, Costs applicable to sales and Depreciation, depletion and
         amortization per ounce calculations.
    (2)  Includes sales from discontinued operations.
    (3)  Excludes depreciation, depletion and amortization, loss on settlement
         of price-capped forward sales contracts and Midas redevelopment.
    
    The Company generated net cash from continuing operations of $631 million
in the fourth quarter of 2007 compared to $403 million in the year ago
quarter.  The Company generated net cash from continuing operations of $525
million in 2007, compared to $1.1 billion in 2006.  Cash flow from continuing
operations during 2007 was negatively impacted by the settlement of the
price-capped forward sales contracts ($578 million), the settlement of
pre-acquisition income taxes of Normandy ($276 million) and the final
settlement of copper collar contracts ($174 million).
    During the fourth quarter of 2007, the Company recognized a $1.1 billion
non-cash Exploration Segment goodwill impairment as part of continuing
operations, primarily due to recent reserve replacement results, required
changes to the Company's valuation model assumptions (primarily the discount
rate, reserve growth rate, reserve finding costs, operating and capital costs)
and new industry-developed interpretation of the accounting rules for
impairment analysis.
    In December 2007, the Company closed the sale of its royalty portfolio
and other non-core assets to Franco-Nevada Corporation for cash consideration
of approximately $1.2 billion, which resulted in a pre-tax gain of $0.9
billion ($0.6 billion after-tax).  The Company also completed the sale of its
Pajingo mine for $23 million, which resulted in a pre-tax gain of
approximately $8 million ($5 million after-tax) in the fourth quarter of 2007.
 As a result, Pajingo's results for 2007 and 2006 were reclassified to
discontinued operations.
    On January 18, 2008, the Company announced the successful completion of
its offer to acquire a controlling interest in Miramar Mining Corporation.
This transaction is expected to close during the first quarter of 2008.


    FOURTH QUARTER AND 2007 REGIONAL HIGHLIGHTS

    
    NEVADA                                  Q4 2007   Q4 2006    2007    2006
    Consolidated gold sales (000 ounces)(1)     667       887   2,341   2,534
    Equity gold sales (000 ounces)(1)           667       887   2,341   2,427
    Costs applicable to sales ($/ounce)(2)     $384      $363    $444    $403
    Capital expenditures ($ million)           $135      $204    $588    $705
    

    
    (1)  Includes sales from start-up activities which are not included in
         Revenue, Costs applicable to sales and Depreciation, depletion and
         amortization per ounce calculations.
    (2)  Excludes depreciation, depletion and amortization, loss on settlement
         of price-capped forward sales contracts, and Midas redevelopment.
    Nevada Operating Performance
    
    Equity gold sales in Nevada decreased in the fourth quarter to 667,000
ounces from 887,000 ounces in the year ago quarter primarily due to lower mill
grades at Carlin and Twin Creeks, limited mining activities at Midas following
the suspension of operations in June 2007, higher in-process inventories at
year-end and limited production from Lone Tree due to the completion of
mining, partially offset by increased production at Leeville.  In November
2007, Leeville achieved its design capacity of 3,200 tons per day, completing
Leeville's planned ramp-up to steady-state production.  On October 11, 2007,
the Mine Safety and Health Administration lifted the restrictive order that
required Midas to halt mining activities in June 2007.  As a result, the
Company has been completing redevelopment work at the mine, with ramp-up in
the first quarter of 2008 nearing historical production levels.
    Open pit ore mined decreased 20% to 10.4 million tons in the fourth
quarter of 2007, down from 13.0 million tons in the year ago quarter,
primarily due to fewer tons mined at Gold Quarry and increased waste stripping
at Phoenix.  Underground ore mined decreased 10% in the fourth quarter of 2007
due to the completion of mining at Carlin East and reduced mining activities
at Midas.  Ore milled increased 6% to 6.9 million tons from 6.5 million tons
in the year ago quarter, while milled ore grade decreased 14% during the same
period, both driven by the processing of lower grade ore at Phoenix.  Ore
placed on leach pads decreased 19% in the fourth quarter of 2007 compared to
the year ago quarter, primarily as a result of mine sequencing at Gold Quarry
and the completion of mining at Lone Tree.  Mine sequencing at Gold Quarry
also contributed to the 9% increase in leach ore grade from the year ago
quarter.
    Total costs applicable to sales decreased 19% in the fourth quarter to
$255 million from $316 million in the year ago quarter, primarily due to the
completion of mining at Lone Tree and Carlin East.  Total costs applicable to
sales also decreased because fewer in-process and finished goods inventories
were sold during the fourth quarter of 2007 compared to the year ago quarter.
Costs applicable to sales per ounce increased 6% in the fourth quarter of 2007
to $384 from $363 in the year ago quarter, primarily due to lower production,
higher cost production at Phoenix, and reduced mining activities at the
lower-cost Midas mine following the suspension of operations.
    
    Phoenix Update
    
    The focus at Phoenix during the fourth quarter was continued progress on
optimization projects.  The in-fill drill program was increased from 183 to
222 planned drill holes as actual drilling costs were lower than budget.
Approximately 80% of the planned drill footage was complete as of December 31,
2007.  Favorable results were realized through the implementation of
continuous improvement projects, with an emphasis on human resources,
equipment productivity and other cost reductions.  Mill capacity utilization
also improved with nearly 1 million tons processed in each month of the
quarter compared to roughly 900,000 tons in the third quarter of 2007.
Additionally, the new crusher remains on schedule for start-up by mid-2008 and
was approximately 42% complete at the end of the fourth quarter.  Phoenix sold
48,700 ounces at costs applicable to sales of $691 per ounce and 181,400
ounces at costs applicable to sales of $729 per ounce for the quarter and year
ended December 31, 2007, respectively.  The Company continues to expect an
updated optimization plan for Phoenix by mid-2008.
    
    Nevada Capital Projects
    
    Capital expenditures in Nevada were $135 million and $588 million for the
quarter and year ended December 31, 2007, respectively.  Construction of the
200 megawatt coal-fired power plant was approximately 95% complete at the end
of the fourth quarter and remains on schedule for completion in the first half
of 2008.  During the fourth quarter of 2007, the power plant successfully
achieved its first fire on oil and in January 2008 the plant achieved first
fire on coal.  Capital costs are expected to be in line with the previous
outlook of between $620 and $640 million.  As disclosed previously, the lower
cost of self-generated electricity, when compared with projected future market
prices in the region, is expected to reduce Nevada's costs applicable to sales
by approximately $25 per ounce.


    
    YANACOCHA                              Q4 2007    Q4 2006   2007    2006
    Consolidated gold sales (000 ounces)       438       439   1,565   2,572
    Equity gold sales (000 ounces)             224       225     803   1,320
    Costs applicable to sales ($/ounce)(1)    $315      $244    $345    $193
    Capital expenditures ($ million)           $72       $95    $253    $269
    

    
    (1)  Excludes depreciation, depletion and amortization and loss on
         settlement of price-capped forward sales contracts.
    Yanacocha Operating Performance
    
    Equity gold sales at Yanacocha in the fourth quarter were consistent with
the year ago quarter at approximately 438,000 ounces with slightly higher gold
production offset by an increase in finished goods inventory.  Ore mined
increased 37% to 32.7 million tons from 23.9 million tons and leach ore grade
increased by 31% in the fourth quarter of 2007 compared to the year ago
quarter.
    Costs applicable to sales increased in the fourth quarter of 2007 to $315
per ounce from $244 per ounce in the year ago quarter.  The increase was
primarily due to higher labor, diesel, and other commodity prices, as well as
higher worker's participation bonuses and royalties due to increased gold
prices.
    
    Yanacocha Capital Projects
    
    Consolidated capital expenditures at Yanacocha were $72 million and $253
million for the quarter and year ended December 31, 2007, respectively.
Progress on the gold mill continued as expected, with construction
approximately 96% complete at the end of the fourth quarter of 2007.  Major
milestones during the quarter included completing the primary crusher and the
stockpile feed system, and beginning pre-commissioning activities.  The
Company continues to anticipate commercial production in the first half of
2008.  Capital costs on the project are expected to remain in line with the
outlook of between $250 and $270 million.  Once complete, the gold mill is
expected to enhance recovery of complex ores, improve financial returns and
extend the operating life at Yanacocha.


    
    AUSTRALIA/NEW ZEALAND                  Q4 2007   Q4 2006    2007    2006
    Consolidated gold sales (000 ounces)       295       289   1,153   1,176
    Equity gold sales (000 ounces)             295       289   1,153   1,176
    Costs applicable to sales ($/ounce)(1)    $494      $409    $496    $389
    Capital expenditures ($ million)          $229       $84    $597    $192
    

    
    (1)  Excludes depreciation, depletion and amortization and loss on
         settlement of price-capped forward sales contracts.
    Australia/New Zealand Operating Performance
    
    Australia/New Zealand sales increased 2% in the fourth quarter of 2007 to
295,000 ounces from 289,000 ounces in the year ago quarter, primarily due to
increased production at Jundee and Waihi, partially offset by decreased
production at Tanami and Kalgoorlie.
    Gold sales at Jundee increased 13% in the fourth quarter of 2007 compared
to 2006, primarily due to a 55% increase in mill ore grades and a 3% increase
in mill recoveries, partially offset by a 31% decrease in mill throughput.
Gold sales at Waihi increased 55% in the fourth quarter of 2007 from 2006,
primarily due to a 48% increase in mill throughput, partially offset by a 23%
decrease in ore grade resulting from mining a higher proportion of open pit
ore.  Gold sales at Tanami decreased 11% in the fourth quarter of 2007 from
2006, primarily due to a 20% decrease in milled ore grade from the blending of
low grade stockpiles and a 9% decrease in throughput.  Gold sales at
Kalgoorlie in the fourth quarter of 2007 were comparable to the year ago
quarter primarily due to slightly lower throughput and 11% lower mill ore
grade, partially offset by the timing of gold sales and a 2% increase in
recovery rates.
    Costs applicable to sales increased 21% in the fourth quarter of 2007 to
$494 per ounce from $409 per ounce in the year ago quarter, primarily due to
the strengthening Australian and New Zealand dollar exchange rates, which
increased unit costs by approximately $58 per ounce compared to the year ago
quarter.  Additionally, royalties increased due to higher gold prices, and
input costs were higher, particularly related to fuel, electricity and labor.
    The following quarter-on-quarter costs applicable to sales variances
include the impact of the strengthening Australian and New Zealand dollars.
Costs applicable to sales increased 11% at Jundee to $416 per ounce from $374
per ounce, primarily due to higher contract mining and electricity costs.  At
Waihi, costs applicable to sales increased 30% to $445 per ounce from $343 per
ounce primarily due to increased ore re-handling costs and milling costs from
higher mill throughput.  Costs applicable to sales at Kalgoorlie increased 25%
to $673 per ounce from $539 per ounce, primarily due to higher mining costs
from sound abatement and increased equipment maintenance.  At Tanami, costs
applicable to sales increased 24% to $445 per ounce from $360 per ounce,
primarily due to lower production.
    
    Australia/New Zealand Capital Projects
    
    Capital expenditures in Australia/New Zealand were $229 million and $597
million for the quarter and year ended December 31, 2007, respectively.
Development of the Boddington project was approximately 62% complete at the
end of 2007, with mill start-up expected in late 2008 or early 2009.  The
Company completed its definitive estimate to update the Boddington capital
costs and has revised its expected share of total costs on the project to
between $1.4 and $1.6 billion, up from $0.9 to $1.1 billion, primarily as a
result of the adverse impact of the Australian dollar exchange rate, design
optimization, and labor and commodity cost escalation.


    
    BATU HIJAU                               Q4 2007   Q4 2006    2007    2006
    Consolidated gold sales (000 ounces)         120       169     494     435
    Equity gold sales (000 ounces)                54        89     233     230
    Costs applicable to sales ($/ounce)(1)      $354      $192    $243    $209
    Consolidated copper sales (million pounds)   $76      $147    $428    $435
    Equity copper sales (million pounds)         $34       $78    $204    $230
    Costs applicable to sales ($/pound)(1)     $1.29     $0.64   $1.10   $0.71
    Capital expenditures ($ million)             $31        $9     $74    $106
    Average realized copper price              $1.57     $1.63   $2.86   $1.54
    

    
    (1)  Excludes depreciation, depletion and amortization and loss on
         settlement of price-capped forward sales contracts.
    Batu Hijau Operating Performance
    
    Equity gold and copper sales decreased in the fourth quarter of 2007 to
54,000 ounces and 34 million pounds, respectively, from 89,000 ounces and 78
million pounds, respectively, in the year ago quarter.  Ore tons mined
decreased 78% in the fourth quarter compared to the year ago quarter primarily
due to mine sequencing in the pit.  Lower gold and copper production compared
to the year ago quarter was primarily due to a 20% decrease in throughput as a
result of unplanned mill downtime in the fourth quarter of 2007, and lower
gold and copper recoveries due to a higher ratio of acid-soluble copper
content, partially offset by 6% higher gold ore grades.  The timing of sales
also negatively impacted the fourth quarter of 2007 as concentrate inventory
at year-end increased compared to the year ago quarter.
    Total costs applicable to sales increased $15 million from the year ago
quarter, primarily due to fewer ore tons mined and stockpiled, resulting in a
higher portion of mining costs charged in the current year quarter.
Additionally, the average waste-to-ore ratio increased compared to the year
ago quarter, partially offset by lower fuel costs as a result of fewer
operating hours.
    Costs applicable to sales per unit increased 84% per ounce of gold and
102% per pound of copper in the fourth quarter of 2007 from 2006, primarily
due to decreased sales compared to the year ago quarter.  Additionally, a
higher proportion of costs were allocated to gold than copper due to the
higher proportion of gold revenue in the fourth quarter of 2007 compared to
the year ago quarter.
    The average realized copper price, after treatment and refining charges,
decreased slightly in the fourth quarter of 2007 to $1.57 per pound from $1.63
per pound in the year ago quarter.  Although copper sales were completely
unhedged in the fourth quarter of 2007, the decline in copper prices during
the fourth quarter of 2007 reduced the Company's provisional pricing market-
to-market on third quarter sales revenue by $119 million.  This provisional
pricing mark-to-market adjustment lowered the average realized price in the
fourth quarter of 2007 by approximately $1.54 per pound.


    
    AHAFO                                   Q4 2007   Q4 2006    2007    2006
    Consolidated gold sales (000 ounces)         85       125     446     202
    Equity gold sales (000 ounces)               85       125     446     202
    Costs applicable to sales ($/ounce)(1)     $416      $326    $396    $297
    Capital expenditures ($ million)            $35       $22    $114    $177
    

    
    (1)  Excludes depreciation, depletion and amortization and loss on
         settlement of price-capped forward sales contracts.
    Ahafo Operating Performance
    
    Gold ounces sold at Ahafo decreased 32% in the fourth quarter of 2007 to
85,000 ounces from 125,000 ounces in the year ago quarter.  The decrease was
primarily due to a 25% decrease in mill throughput as a result of unplanned
downtime in December 2007 and the processing of 12% lower mill ore grades,
partially offset by a 4% increase in recovery rates.  Both total tons and ore
tons mined decreased compared to the year ago quarter as a result of longer
haul distances as pits deepen and increased waste stripping at the Apensu pit.
    Costs applicable to sales at Ahafo increased 28% to $416 per ounce in the
fourth quarter of 2007 from $326 per ounce in the year ago quarter, primarily
due to fewer ounces sold and increased mining and milling costs.  Mining costs
increased due to higher waste removal costs, as well as the year ago quarter
benefiting from the capitalization of pre-production costs and lower
maintenance costs.  Mining costs also increased due to increased pit
dewatering, labor, fuel and tire costs.  Milling costs increased compared to
the year ago quarter primarily due to increased maintenance costs as the new
mill required minimal maintenance in the year ago quarter.


    
    OTHER OPERATIONS                       Q4 2007   Q4 2006    2007    2006
    Consolidated gold sales (000 ounces)        43        45     185     267
    Equity gold sales (000 ounces)              40        42     174     252
    Costs applicable to sales ($/ounce)(1)    $338      $272    $332    $222
    Capital expenditures ($ million)            $1        $3     $13     $11
    

    
    (1)  Excludes depreciation, depletion and amortization and loss on
         settlement of price-capped forward sales contracts.
    Other Operations Performance
    
    Equity gold sales for the Kori Kollo mine in Bolivia and the La Herradura
mine in Mexico decreased slightly to 40,000 ounces in the fourth quarter of
2007 from 42,000 ounces in the year ago quarter.  Equity gold sales at Kori
Kollo decreased 22% in the fourth quarter of 2007 from 2006, primarily due to
the timing of production flow from the leach pads.  La Herradura gold
production was slightly lower in the fourth quarter of 2007 from the year ago
quarter, however, gold sales increased 22%, primarily due to the timing of
sales in the year ago quarter.
    Costs applicable to sales increased in the fourth quarter of 2007 to $338
per ounce from $272 per ounce in the year ago quarter.  Costs applicable to
sales per ounce decreased 17% at Kori Kollo in the fourth quarter of 2007,
primarily due to lower mining costs from a reduction in waste removal costs
and increased ore tons mined in the fourth quarter of 2007 compared to the
year ago quarter.  Costs applicable to sales increased 66% at La Herradura,
primarily due to increased waste removal costs.
    
    CAPITAL, TAX RATE AND OTHER
    
    Capital expenditures for the fourth quarter of 2007 were $511 million,
primarily for the construction of the power plant and sustaining mine
development in Nevada ($135 million), construction of the gold mill and leach
pad expansions at Yanacocha in Peru ($72 million), construction of the
Boddington project and other sustaining mine development in Australia/New
Zealand ($229 million), as well as sustaining mine development at Ahafo in
Ghana ($35 million).  The Company expensed $163 million of depreciation,
depletion and amortization during the fourth quarter of 2007.  The Company
incurred $38 million of general and administrative expenses and net interest
expense of $28 million during the fourth quarter of 2007.  The Company
incurred $17 million and $45 million of advanced projects, research and
development and exploration expenditures, respectively, during the fourth
quarter of 2007.
    The effective tax rate on the (loss) income from continuing operations
for the quarter ended December 31, 2007 was (-11%) compared to 23% in the year
ago quarter.  Excluding the $1.1 billion Exploration Segment goodwill
impairment in the fourth quarter of 2007, which is not deductible for tax
purposes, the effective tax rate for the fourth quarter of 2007 would have
been 26%.


    2008 FINANCIAL OUTLOOK

    
    CONSOLIDATED FINANCIAL OUTLOOK ($ MILLIONS, EXCEPT TAX RATE)  2008 Outlook
    Depreciation, depletion & amortization                        $725 - $775
    Exploration                                                   $220 - $230
    Advanced projects, research and development                   $120 - $180
    General and administrative                                    $140 - $150
    Interest expense, net                                         $110 - $120
    Effective tax rate                                             30% - 34%
    


    STATEMENTS OF CONSOLIDATED INCOME

    
                                         Q4 2007    Q4 2006     2007     2006
                                             (in millions, except per share)
                                            (unaudited)           (audited)
     Revenues
       Sales- gold, net                   $1,289     $1,185    $4,305  $4,211
       Sales- copper, net                    121        239     1,221     671
                                           1,410      1,424     5,526   4,882
    

    
     Costs and expenses
       Costs applicable to sales
        (exclusive of loss on settlement
        of price-capped forward sales
        contracts, Midas redevelopment
        and depreciation, depletion and
        amortization shown separately
        below)
          Gold                               630        627     2,507   2,146
          Copper                              98         93       471     308
       Loss on settlement of price-capped
        forward sales contracts                -          -       531       -
       Midas redevelopment                     1          -        11       -
       Depreciation, depletion and
        amortization                         163        178       695     589
       Exploration                            45         49       177     166
       Advanced projects, research and
        development                           17         20        62      81
       General and administrative             38         43       143     136
       Write-down of goodwill              1,122          -     1,122       -
       Write-down of investments              46          -        46       -
       Write-down of long-lived and
        other assets                           2          -         4       3
       Other expense, net                     49         91       148     159
                                           2,211      1,101     5,917   3,588
    

    
       Other income (expense)
         Other income, net                    44         34       144      53
         Interest expense, net               (28)       (27)     (105)    (97)
                                              16          7        39     (44)
    

    
       (Loss) income from continuing
        operations before income tax,
        minority interest and equity
        (loss) income of affiliates         (785)       330      (352)  1,250
       Income tax expense                    (89)       (76)     (200)   (326)
       Minority interest in income of
        consolidated subsidiaries            (58)       (84)     (410)   (363)
       Equity (loss) income of affiliates     (1)         1        (1)      2
       (Loss) income from continuing
        operations                          (933)       171      (963)    563
       Income (loss) from discontinued
        operations                           644         52      (923)    228
       Net (loss) income                   $(289)      $223   $(1,886)   $791
    

    
     Income per common share
       Basic:
       (Loss) income from continuing
        operations                        $(2.06)     $0.38    $(2.13)  $1.25
       Income (loss) from discontinued
        operations                          1.43       0.12     (2.04)   0.51
       Net (loss) income                  $(0.63)     $0.50    $(4.17)  $1.76
    

    
       Diluted:
       (Loss) income from continuing
        operations                        $(2.06)     $0.38    $(2.13)  $1.25
       Income (loss) from discontinued
        operations                          1.43       0.11     (2.04)   0.50
       Net (loss) income                  $(0.63)     $0.49    $(4.17)  $1.75
    

    
       Basic weighted-average common
        shares outstanding                   452        450       452     450
       Diluted weighted-average common
        shares outstanding                   452        452       452     452
       Cash dividends declared per
        common share                       $0.10      $0.10     $0.40   $0.40
    


    CONSOLIDATED BALANCE SHEETS

    
                                                          At December 31,
                                                      2007              2006
                                                      (in millions, audited)
                          ASSETS
     Cash and cash equivalents                      $1,231            $1,166
     Marketable securities and other
      short-term investments                            61               109
     Trade receivables                                 177               142
     Accounts receivable                               168               206
     Inventories                                       463               376
     Stockpiles and ore on leach pads                  373               377
     Deferred income tax assets                        112               156
     Other current assets                               87                93
         Current assets                              2,672             2,625
     Property, plant and mine
      development, net                               9,140             6,544
     Investments                                     1,527             1,319
     Long-term stockpiles and ore on
      leach pads                                       788               812
     Deferred income tax assets                      1,027               793
     Other long-term assets                            234               178
     Goodwill                                          186             1,338
     Assets of operations held for sale                 24             1,992
         Total assets                              $15,598           $15,601
    

    
                          LIABILITIES
     Current portion of long-term debt                $255              $159
     Accounts payable                                  339               340
     Employee-related benefits                         153               182
     Derivative instruments                              3               174
     Income and mining taxes                            88               337
     Other current liabilities                         662               515
         Current liabilities                         1,500             1,707
     Long-term debt                                  2,683             1,752
     Reclamation and remediation
      liabilities                                      623               521
     Deferred income tax liabilities                 1,025               626
     Employee-related benefits                         226               309
     Other long-term liabilities                       150               135
     Liabilities of operations held for
      sale                                             394               116
         Total liabilities                           6,601             5,166
    

    Minority interests in subsidiaries              1,449             1,098

    
                          STOCKHOLDERS' EQUITY
     Common stock                                      696               677
     Additional paid-in capital                      6,696             6,703
     Accumulated other comprehensive
      income                                           957               673
     Retained (deficit) earnings                      (801)            1,284
         Total stockholders' equity                  7,548             9,337
         Total liabilities and stockholders'
          equity                                   $15,598           $15,601
    


    STATEMENTS OF CONSOLIDATED CASH FLOW

    
                                           Q4 2007   Q4 2006     2007    2006
                                                       (in millions)
                                               (unaudited)        (audited)
    Operating activities:
        Net (loss) income                   $(289)     $223    $(1,886)  $791
        Adjustments to reconcile net (loss)
         income to net cash from continuing
         operations:
        Write-down of goodwill              1,122         -      1,122      -
        (Income) loss from discontinued
         operations                          (644)      (52)       923   (228)
        Depreciation, depletion and
         amortization                         163       178        695    589
        Minority interest expense              58        84        410    363
        Deferred income taxes                 136       (12)      (152)  (127)
        Write-down of investments              46         -         46      -
        Stock-based compensation expense       10       33        46       50
        Accretion of accumulated reclamation
         obligations                            8        8        37       30
        Hedge gain, net                         -     (128)       (9)     (46)
        Revenue from prepaid forward sales
         obligation                             -        -         -      (48)
        Other operating adjustments and
         write-downs                           11       27        48      102
        Net change in operating assets and
         liabilities(1)                        10       42      (755)    (347)
    Net cash provided from continuing
     operations                               631      403       525    1,129
    Net cash provided from discontinued
     operations                                39       26       138       96
    Net cash from operations                  670      429       663    1,225
    Investing activities:
      Additions to property, plant and mine
       development                           (511)    (440)   (1,670)  (1,537)
      Proceeds from sale of marketable debt
       securities                              16      288       224    2,216
      Investments in marketable debt and
       equity securities                      (18)    (107)     (258)  (1,493)
      Acquisitions                           (953)       -      (953)    (348)
      Cash received on repayment of Batu
       Hijau carried interest                   -        -       161        -
      Other                                     5        4        29       20
    Net cash used in investing activities
     of continuing operations              (1,461)    (255)   (2,467)  (1,142)
    Net cash provided from investing
     activities of discontinued operations  1,199       41     1,354      338
    

    
    Net cash used in investing activities    (262)    (214)   (1,113)    (804)
    Financing activities:
      Proceeds from debt, net                 280        -     3,008      198
      Repayment of debt                      (385)     (48)   (2,036)    (111)
      Dividends paid to minority interests   (154)     (29)     (270)    (264)
      Dividends paid to common stockholders   (45)     (45)     (181)    (180)
      Proceeds from stock issuance             31       12        51       78
      Purchase of Company share call
       options                                  -        -      (366)       -
      Issuance of Company share warrants        -        -       248        -
      Early extinguishment of prepaid
       forward sales obligation                 -        -         -      (48)
      Change in restricted cash and other       4        5        11       (6)
    Net cash (used in) provided from
     financing activities of continuing
     operations                              (269)    (105)      465     (333)
    Net cash used in financing activities
     of discontinued operations                 -        -         -       (7)
    Net cash (used in) provided from
     financing activities                    (269)    (105)      465     (340)
    Effect of exchange rate changes on
     cash                                      39       (3)       50        3
    Net change in cash and cash
     equivalents                              178      107        65       84
    Cash and cash equivalents at
     beginning of period                    1,053    1,059     1,166    1,082
    Cash and cash equivalents at end of
     period                                $1,231   $1,166    $1,231   $1,166
    

    
    (1) Net change in operating assets
     and liabilities
      Decrease (increase) in operating
       assets:
        Trade and accounts receivable        $169     $(58)      $17    $(110)
        Inventories, stockpiles and ore on
         leach pads                           (59)     (61)      (95)    (382)
        Other assets                           10       24         6      (25)
      Increase (decrease) in operating
       liabilities:
        Accounts payable and other accrued
         liabilities                          (92)     153      (629)     230
        Reclamation liabilities               (18)     (16)      (54)     (60)
                                               10       42      (755)    (347)
    



    
    OPERATING STATISTICS SUMMARY
                                          Q4 2007   Q4 2006    2007    2006
    Gold
    Consolidated ounces sold (000):
      Nevada (1)                              667      887    2,341    2,534
      Yanacocha                               438      439    1,565    2,572
      Batu Hijau                              120      169      494      435
      Australia/New Zealand
             Tanami                           103      116      439      418
             Kalgoorlie                        74       76      323      332
             Jundee                            87       77      298      306
             Waihi                             31       20       93      120
                                              295      289    1,153    1,176
    

    Ahafo                                    85      125      446      202

    
      Other
             Kori Kollo                        21       26       87      129
             La Herradura                      22       18       86       79
             Golden Giant                       -        1       12       59
                                               43       45      185      267
                                            1,648    1,954    6,184    7,186
    

    
    Equity ounces sold (000):
      Nevada (1)                              667      887    2,341    2,427
      Yanacocha                               224      225      803    1,320
      Batu Hijau                               54       89      233      230
      Australia/New Zealand
             Tanami                           103      116      439      418
             Kalgoorlie                        74       76      323      332
             Jundee                            87       77      298      306
             Waihi                             31       20       93      120
                                              295      289    1,153    1,176
    

    Ahafo                                    85      125      446      202

    
      Other
             Kori Kollo                        18       23       76      114
             La Herradura                      22       18       86       79
             Golden Giant                       -        1       12       59
                                               40       42      174      252
                                            1,365    1,657    5,150    5,607
    

    
      Discontinued Operations
             Pajingo                           40       58      171      175
             Zarafshan                          -        -        -       62
             Holloway                           -        -        -       26
                                            1,405    1,715    5,321    5,870
    

    
     Copper
       Batu Hijau (pounds sold in millions):
             Consolidated                      76      147      428      435
             Equity                            34       78      204      230
    

    
    (1) Includes sales from start-up activities which are not included in
        Revenue, Costs applicable to sales and Depreciation, depletion and
        amortization per ounce calculations.
    



    OPERATING STATISTICS - NEVADA BY LOCATION

    Q4 2007  Q4 2006   2007    2006

    
    Mine production:
    Open pit ore mined (000 dry short tons):
       Carlin                                  3,056   6,648   17,792   22,768
       Phoenix                                 3,252   4,330   12,241    4,330
       Twin Creeks                             4,062   1,303   12,529    7,676
       Lone Tree                                   -     680        -    3,672
                                              10,370  12,961   42,562   38,446
       Average ore grade (oz/ton)              0.055   0.047    0.058    0.048
    

    
    Open pit waste mined (000 dry short tons):
       Carlin                                 12,312  19,593   84,045   75,012
       Phoenix                                10,846   7,780   44,963    7,780
       Twin Creeks                             8,882  13,654   42,557   59,709
       Lone Tree                                   -     604        -   10,491
                                              32,040  41,631  171,565  152,992
    

    
    Underground ore mined (000 dry short tons):
       Carlin - Carlin East                        -     106      151      241
       Carlin - Deep Post                         84      99      308      388
       Carlin - Chukar                           133     114      428      336
       Carlin - Leeville                         302     232      700      232
       Midas                                      46      97      236      333
       Turquoise Ridge                            31      12      119      121
                                                 596     660    1,942    1,651
       Average ore grade (oz/ton)              0.418   0.467    0.399    0.471
    

    
    Mill throughput (000 dry short tons):
       Carlin - Mill 5                         1,370   1,312    5,301    4,799
       Carlin - Mill 6                           836     757    3,058    2,739
       Twin Creeks - Juniper                     279     263    1,032      957
       Twin Creeks - Sage                        784     759    3,222    3,202
       Lone Tree                                 522     648    1,819    2,708
       Phoenix                                 2,914   2,531   10,443    2,531
       Midas                                      50      95      234      331
       Other                                     190     175      417      615
                                               6,945   6,540   25,526   17,882
       Average ore grade (oz/ton)              0.099   0.115    0.098    0.127
       Average mill recovery rate              79.6%   80.2%    81.2%    81.1%
    


    
    OPERATING STATISTICS - NEVADA
                                          Q4 2007   Q4 2006    2007    2006
    Tons mined (000 dry short tons):
      Open pit
       Ore                                 10,370    12,961   42,562  38,446
       Waste                               32,040    41,631  171,565 152,992
        Total                              42,410    54,592  214,127 191,438
      Underground                             596       660    1,942   1,651
    Tons milled/processed (000 dry short
     tons):
      Mill                                  6,945     6,540   25,526  17,882
      Leach                                 3,839     4,768   14,042  22,138
    Average ore grade (oz/ton):
      Mill                                  0.099     0.115    0.098   0.127
      Leach                                 0.035     0.032    0.035   0.026
    Average mill recovery rate              79.6%     80.2%    81.2%   81.1%
    Gold ounces produced (thousands):
      Mill                                    559       735    2,004   2,059
      Leach                                   100       124      332     364
      Incremental start-up                      6        17        6     100
        Consolidated                          665       876    2,342   2,523
        Equity                                665       876    2,342   2,416
    Gold ounces sold (thousands):
      Consolidated                            667       887    2,341   2,534
      Equity                                  667       887    2,341   2,427
    

    
    Gold production costs (millions):
      Costs applicable to sales              $255      $316   $1,036    $980
      Depreciation, depletion and
       amortization                           $51       $72     $220    $180
      Gold production costs (per ounce
       sold):
      Direct mining and production costs     $390      $376     $454    $406
      By-product credits                      (23)      (22)     (26)    (15)
      Royalties and production taxes           15         7       14       9
      Reclamation/accretion expense             2         2        2       3
        Costs applicable to sales            $384      $363      444    $403
        Depreciation, depletion, and
         amortization                         $78       $84      $94     $74
    

    
    (1) Includes sales from start-up activities which are not included in
        Revenue, Costs applicable to sales and Depreciation, depletion and
        amortization per ounce calculations.
    



    
    OPERATING STATISTICS - YANACOCHA
                                          Q4 2007   Q4 2006    2007    2006
    Tons mined (000 dry short tons):
      Ore                                  32,718    23,918   98,595 115,795
      Waste                                19,523    27,990  110,276 101,706
        Total                              52,241    51,908  208,871 217,501
    Tons processed (000 dry short tons)    32,442    26,666   98,319 118,551
    Average ore grade (oz/ton)              0.021     0.016    0.019   0.026
    Gold ounces produced (thousands):
      Consolidated                            470       456    1,565   2,612
      Equity                                  241       234      803   1,341
    Gold ounces sold (thousands):
      Consolidated                            438       439    1,565   2,572
      Equity                                  224       225      803   1,320
    

    
    Gold production costs (millions):
      Costs applicable to sales              $138      $107     $540    $498
      Depreciation, depletion and
       amortization                           $36       $34     $160    $172
      Gold production costs (per ounce
       sold):
      Direct mining and production costs     $312      $257     $348    $202
      By-product credits                      (18)      (21)     (22)    (16)
      Royalties and production taxes           16         5       13       4
      Reclamation/accretion expense             5         3        6       3
        Costs applicable to sales            $315      $244     $345    $193
        Depreciation, depletion, and
         amortization                         $83       $78     $103     $67
    


    
    OPERATING STATISTICS - BATU HIJAU
                                          Q4 2007  Q4 2006    2007     2006
    Tons mined (000 dry short tons):
      Ore                                   4,583   21,101   29,543  127,255
      Waste                                57,700   54,670  215,364  165,904
        Total                              62,283   75,771  244,907  293,159
    Tons milled (000 dry short tons)       10,177   12,755   46,782   47,026
    Average ore grade:
      Gold (oz/ton)                         0.018    0.017    0.014    0.012
      Copper                                0.61%    0.65%    0.60%    0.55%
    Average mill recovery rate:
      Gold                                  80.7%    81.2%    81.9%    79.5%
      Copper                                84.3%    90.7%    86.1%    87.3%
    Gold ounces produced (thousands):
      Consolidated                            151      176      548      448
      Equity                                   68       93      258      237
    Gold ounces sold (thousands):
      Consolidated                            120      169      494      435
      Equity                                   54       89      233      230
    Copper pounds produced (millions):
      Consolidated                            105      151      484      454
      Equity                                   47       80      230      240
    Copper pounds sold (millions):
      Consolidated                             76      147      428      435
      Equity                                   34       78      204      230
    

    
    Gold production costs (millions):
      Costs applicable to sales               $43      $32     $120      $91
      Depreciation, depletion and
       amortization                            $8       $6      $25      $20
    Gold production costs (per ounce
     sold):
      Direct mining and production costs     $345     $188     $233     $203
      By-product credits                      (12)     (10)      (8)      (9)
      Royalties and production taxes           17       12       15       13
      Reclamation/accretion expense             4        2        3        2
        Costs applicable to sales            $354     $192     $243     $209
        Depreciation, depletion, and
         amortization                         $69      $38      $50      $46
    

    
    Copper production costs (millions):
      Costs applicable to sales               $98      $94     $471     $308
      Depreciation, depletion and
       amortization                           $17      $17      $96      $66
    Copper production costs (per pound
     sold):
      Direct mining and production costs    $1.29    $0.63    $1.11    $0.71
      By-product credits                    (0.04)   (0.03)   (0.04)   (0.03)
      Royalties and production taxes         0.03     0.03     0.02     0.02
      Reclamation/accretion expense          0.01     0.01     0.01     0.01
        Costs applicable to sales           $1.29    $0.64    $1.10    $0.71
        Depreciation, depletion, and
         amortization                       $0.23    $0.11    $0.22    $0.15
    


    
    OPERATING STATISTICS - AHAFO
                                          Q4 2007  Q4 2006    2007     2006
    Tons mined (000 dry short tons):
      Ore                                   2,063    2,690    8,923    5,033
      Waste                                 8,617    9,221   35,312   14,966
        Total                              10,680   11,911   44,235   19,999
    Tons milled (000 dry short tons):       1,628    2,171    8,090    3,515
    Average ore grade (oz/ton)              0.060    0.068    0.060    0.065
    Average mill recovery rate              90.4%    86.7%    92.0%    88.3%
    Gold ounces produced (thousands):
      Consolidated                             93      119      456      197
      Equity                                   93      119      456      197
    Gold ounces sold (thousands):
      Consolidated                             85      125      446      202
      Equity                                   85      125      446      202
    

    
    Gold production costs (millions):
      Costs applicable to sales               $35      $41     $176      $60
      Depreciation, depletion and
       amortization                            $9      $13      $43      $19
    Gold production costs (per ounce sold):
      Direct mining and production costs     $392     $308     $375     $279
      By-product credits                       (1)      (1)      (1)      (1)
      Royalties and production taxes           24       18       21       18
      Reclamation/accretion expense             1        1        1        1
        Costs applicable to sales            $416     $326     $396     $297
        Depreciation, depletion, and
         amortization                        $106     $101      $96      $94
    



    OPERATING STATISTICS - JUNDEE AND TANAMI

    
                                           Q4 2007  Q4 2006    2007    2006
    JUNDEE
    Tons mined (000 dry short tons):
      Open pit
      Ore                                     223      177      966      812
      Waste                                   661    1,522    5,430    5,810
        Total                                 884    1,699    6,396    6,622
      Underground                             254      257    1,040    1,166
    Tons milled (000 dry short tons)          439      638    1,827    2,460
    Average ore grade (oz/ton)              0.215    0.139    0.174    0.136
    Average mill recovery rate              95.5%    92.8%    92.9%    92.3%
    Gold ounces produced (thousands):
      Consolidated                             87       83      291      313
      Equity                                   87       83      291      313
    Gold ounces sold (thousands):
      Consolidated                             87       77      298      306
      Equity                                   87       77      298      306
    

    
    Gold production costs (millions):
      Costs applicable to sales               $36      $28     $143     $113
      Depreciation, depletion and
       amortization                            $8       $8      $26      $26
    Gold production costs (per ounce sold):
      Direct mining and production costs     $392     $354     $458     $350
      By-product credits                       (2)      (2)      (2)      (2)
      Royalties and production taxes           20       17       18       16
      Reclamation/accretion expense             6        5        6        5
        Costs applicable to sales            $416     $374     $480     $369
        Depreciation, depletion, and
         amortization                         $88     $110      $88      $85
    

    
    TANAMI
    Tons mined (000 dry short tons)           497      539    2,032    2,136
    Tons milled (000 dry short tons)          737      806    3,029    3,151
    Average ore grade (oz/ton)              0.134    0.167    0.147    0.144
    Average mill recovery rate              94.5%    95.5%    95.1%    95.2%
    Gold ounces produced (thousands):
      Consolidated                             95      129      427      431
      Equity                                   95      129      427      431
    Gold ounces sold (thousands):
      Consolidated                            103      116      439      418
      Equity                                  103      116      439      418
    

    
    Gold production costs (millions):
      Costs applicable to sales               $46      $42     $187     $155
      Depreciation, depletion and
       amortization                           $10       $9      $37      $30
    Gold production costs (per ounce sold):
      Direct mining and production costs     $435     $295     $373     $314
      By-product credits                       (1)      (1)      (1)      (1)
      Royalties and production taxes            9       63       51       54
      Reclamation/accretion expense             2        3        2        3
        Costs applicable to sales            $445     $360     $425     $370
        Depreciation, depletion, and
         amortization                         $98      $76      $85      $72
    



    OPERATING STATISTICS - KALGOORLIE AND WAIHI

    
                                          Q4 2007  Q4 2006    2007     2006
    KALGOORLIE
    Tons mined (000 dry short tons):
      Open pit
        Ore                                 1,722    1,715    6,741    7,037
        Waste                               9,786    9,267   36,412   38,687
          Total                            11,508   10,982   43,153   45,724
      Underground                              55       51      206      207
    Tons milled (000 dry short tons)        1,609    1,633    6,527    6,434
    Average ore grade (oz/ton)              0.051    0.057    0.054    0.062
    Average mill recovery rate              86.9%    85.3%    85.6%    84.6%
    Gold ounces produced (thousands):
      Consolidated                             76       87      314      342
      Equity                                   76       87      314      342
    Gold ounces sold (thousands):
      Consolidated                             74       76      323      332
      Equity                                   74       76      323      332
    

    
    Gold production costs (millions):
      Costs applicable to sales               $50      $41     $196     $163
      Depreciation, depletion and
       amortization                            $5       $6      $24      $25
    Gold production costs (per ounce sold):
      Direct mining and production costs     $668     $517     $585     $471
      By-product credits                       (3)      (3)      (3)      (3)
      Royalties and production taxes           20       18       17       16
      Reclamation/accretion expense           (12)       7        6        6
     Costs applicable to sales               $673     $539     $605     $490
     Depreciation, depletion, and
      amortization                            $64      $83      $74      $76
    

    
    WAIHI
    Tons mined (000 dry short tons):
      Open pit
        Ore                                   428       45      614      890
        Waste                                 442      826    3,490      987
          Total                               870      871    4,104    1,877
      Underground                              85       86      269      149
    Tons milled (000 dry short tons)          260      176      550    1,025
    Average ore grade (oz/ton)              0.139    0.181    0.173    0.135
    Average mill recovery rate              90.9%    86.4%    89.7%    91.9%
    Gold ounces produced (thousands):
      Consolidated                             31       29       85      130
      Equity                                   31       29       85      130
    Gold ounces sold (thousands):
      Consolidated                             31       20       93      120
      Equity                                   31       20       93      120
    

    
    Gold production costs (millions):
      Costs applicable to sales               $14       $7      $47      $27
      Depreciation, depletion and
       amortization                            $6       $1      $21      $10
    Gold production costs (per ounce sold):
      Direct mining and production costs     $494     $404     $526     $294
      By-product credits                      (63)     (74)     (40)     (79)
      Royalties and production taxes            7        3        7        1
      Reclamation/accretion expense             7       10        9        7
        Costs applicable to sales            $445     $343     $502     $223
        Depreciation, depletion, and
         amortization                        $206      $36     $226      $83
    


    OPERATING STATISTICS - KORI KOLLO AND GOLDEN GIANT

    
                                           Q4 2007  Q4 2006   2007     2006
    KORI KOLLO
    Tons mined (000 dry short tons):
      Ore                                   2,564    1,920    9,178    9,516
      Waste                                 2,550    4,317   12,445   14,294
        Total                               5,114    6,237   21,623   23,810
    Tons processed (000 dry short tons)     2,564    1,920    9,178    9,516
    Average ore grade (oz/ton)              0.020    0.021    0.020    0.021
    Gold ounces produced (thousands):
      Consolidated                             22       26       89      129
      Equity                                   19       22       78      114
    Gold ounces sold (thousands):
      Consolidated                             21       26       87      129
      Equity                                   18       23       76      114
    

    
    Gold production costs (millions):
      Costs applicable to sales                $5       $8      $30      $27
      Depreciation, depletion and
       amortization                            $3       $2      $10       $9
    Gold production costs (per ounce sold):
      Direct mining and production costs     $253     $314     $345     $217
      By-product credits                      (20)     (25)     (21)     (17)
      Royalties and production taxes            -        -        -        -
      Reclamation/accretion expense            16       12       16       10
        Costs applicable to sales            $249     $301     $340     $210
        Depreciation, depletion, and
         amortization                        $126      $92     $117      $68
    


    
    GOLDEN GIANT
    Tons mined (000 dry short tons)             -        -        -       13
    Tons milled (000 dry short tons)            -        -        -       17
    Average ore grade (oz/ton)                  -        -        -    0.627
    Average mill recovery rate                  -        -        -    96.9%
    Gold ounces produced (thousands):
      Consolidated                              -        1       12       59
      Equity                                    -        1       12       59
    Gold ounces sold (thousands):
      Consolidated                              -        1       12       59
      Equity                                    -        1       12       59
    

    
    Gold production costs (millions):
      Costs applicable to sales                $-       $-       $2      $13
      Depreciation, depletion and
       amortization                            $-       $-       $-       $1
    Gold production costs (per ounce sold):
      Direct mining and production costs       $-       $-     $188     $203
      By-product credits                        -        -       (3)      (1)
      Royalties and production taxes            -        -       (9)      (2)
      Reclamation/accretion expense             -        -       29       14
        Costs applicable to sales              $-       $-     $205     $214
        Depreciation, depletion, and
         amortization                          $-       $-       $-      $10
    


    OPERATING STATISTICS - LA HERRADURA

    
                                          Q4 2007  Q4 2006    2007     2006
    LA HERRADURA
    Tons mined (000 dry short tons):
      Ore                                   1,332    1,219    5,272    4,263
      Waste                                 4,963    3,902   18,533   13,926
        Total                               6,295    5,121   23,805   18,189
    Tons processed (000 dry short tons)     1,332    1,219    5,272    4,263
    Average ore grade (oz/ton)              0.022    0.024    0.022    0.023
    Gold ounces produced (thousands):
      Consolidated                             22       24       86       79
      Equity                                   22       24       86       79
    Gold ounces sold (thousands):
      Consolidated                             22       18       86       79
      Equity                                   22       18       86       79
    

    
    Gold production costs (millions):
      Costs applicable to sales                $9       $5      $29      $20
      Depreciation, depletion and
       amortization                            $2       $2       $7       $9
    Gold production costs (per ounce sold):
      Direct mining and production costs     $430     $267     $357     $254
      By-product credits                      (10)     (25)     (17)     (10)
      Royalties and production taxes            -        -        -        -
      Reclamation/accretion expense             1       12        1        4
        Costs applicable to sales            $421     $254     $341     $248
        Depreciation, depletion, and
         amortization                         $76     $129      $77     $114
    
    The Company's fourth quarter and year-end earnings conference call and
web cast presentation will be held on February 21, 2008 beginning at 4:00 p.m.
Eastern Time (2:00 p.m. Mountain Time).  To participate:

    
    Dial-In Number:      210-234-0000
    Leader:              John Seaberg
    Password:            Newmont
    Replay Number:       203-369-0752
    
    The conference call will also be simultaneously carried on our web site
at www.newmont.com under Investor Information/Presentations and will be
archived there for a limited time.
    
    Cautionary Statement:
    
    This news release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended that are intended to be
covered by the safe harbor created by such sections.  Such forward-looking
statements include, without limitation, (i) estimates of future capital
expenditures, project costs, tax rates and expenses; (ii) estimates regarding
timing of future development, construction, production or closure activities;
and (iii) statements regarding potential cost savings, productivity, operating
performance, cost structure and competitive position. Where the Company
expresses or implies an expectation or belief as to future events or results,
such expectation or belief is expressed in good faith and believed to have a
reasonable basis.  However, forward-looking statements are subject to risks,
uncertainties and other factors, which could cause actual results to differ
materially from future results expressed, projected or implied by such
forward-looking statements.  Such risks include, but are not limited to, gold
and other metals price volatility, currency fluctuations, increased production
costs and variances in ore grade or recovery rates from those assumed in
mining plans, political and operational risks in the countries in which we
operate, and governmental regulation and judicial outcomes.  For a more
detailed discussion of such risks and other factors, see the Company's 2007
Annual Report on Form 10-K, to be filed February 21, 2008, with the Securities
and Exchange Commission, as well as the Company's other SEC filings.  The
Company does not undertake any obligation to release publicly revisions to any
"forward-looking statement," to reflect events or circumstances after the date
of this news release, or to reflect the occurrence of unanticipated events,
except as may be required under applicable securities laws.




For further information:

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


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