Newmont Sells 5.3 Million Equity Ounces of Gold in 2007 and Expects Comparable Gold Sales in 2008



    DENVER, Feb. 7 /CNW/ -- Newmont Mining Corporation (NYSE:   NEM) today
announced 2007 operating and reserve results as well as the Company's
operating outlook for 2008.  For the quarter ended December 31, 2007, the
Company reported equity gold sales of 1.4 million ounces at costs applicable
to sales of $384 per ounce.  For the year ended December 31, 2007, the Company
reported equity gold sales of 5.3 million ounces at costs applicable to sales
of $406 per ounce.  Consolidated capital expenditures for the quarter and year
ended December 31, 2007 were $511 million and $1.7 billion, respectively,
which were below the Company's original outlook of $1.8 to $2.0 billion for
2007.
    Richard O'Brien, President and Chief Executive Officer, said, "We are
pleased with our operating results from the fourth quarter, resulting in gold
sales performance consistent with our original expectations for the year.  We
expect our 2008 gold sales performance to be comparable with our 2007 results,
with equity gold sales expected to be between 5.1 and 5.4 million ounces at
costs applicable to sales of between $425 and $450 per ounce.  Building on our
strong operating performance from the third and fourth quarters of 2007, as
well as the momentum we established with the completion of our Miramar
acquisition and the sale of our royalty assets and certain other equity
interests in December, we have embarked on 2008 with a renewed focus on
operational and project execution as well as financial performance."


    
    Operating              Q4 2007      Q4 2006     YTD 2007     YTD 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
    Costs applicable
     to sales ($/ounce)(3)   $384         $324         $406          $303
    Capital expenditures
     ($ million)             $511         $440       $1,670        $1,537
    

    
    (1)  Includes sales from start-up activities which are not included in
         Revenue, Costs applicable to sales per ounce 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
         costs.
    2007 EXPLORATION AND RESERVE RESULTS
    
    The Company reported year end 2007 proven and probable reserves of 86.5
million equity ounces compared with 93.9 million equity ounces at the end of
2006.  As shown in the chart on the following page, during 2007 the Company
added 4.2 million equity ounces of gold reserves due to margin changes and
additional drilling.  The gold price basis for the Company's reserve
calculations increased to $575 per ounce in 2007 from $500 per ounce in 2006.
Gold reserves were revised down at Ahafo in Ghana by 2.4 million equity ounces
due to increasing operating and capital costs, by 0.8 million equity ounces at
Nevada due to geotechnical and metallurgical changes, as well as higher
operating costs, and by 0.2 million equity ounces at various locations due to
operating cost inflation.  Gold reserves were also impacted by 0.9 million
ounces as a result of the previously announced reduction of the Company's
economic ownership at Batu Hijau in Indonesia and by the sale of Pajingo in
Australia.
    For 2007, the reserve additions from exploration of roughly 3.5 million
equity ounces were primarily due to further extension drilling at Boddington,
Jundee and Tanami in Australia, with 2.5 million equity ounces added to
reserves in 2007, and the remaining additions coming from Batu Hijau, several
open pit and underground sites in Nevada, and La Herradura in Mexico.
    For 2007, the Company's reserve grade remained relatively constant at
0.033 ounces per ton compared to 0.034 ounces per ton in 2006 in spite of
downward pressure on grade due to both higher metal prices and the average
depletion grade of 0.042 ounces per ton in 2007.  The Company's reserves
sensitivity to a $25 change in the gold price between $575 and $650 per ounce,
assuming costs remain constant, is approximately 3.0 to 4.0 million equity
ounces.  The Company's ability to project reserve sensitivities at
significantly higher gold prices is constrained by limited drill data.
    Looking to 2008, greenfield exploration will focus on the South America,
North America and West Africa regions building on the encouraging results from
these areas in 2007, as well as further non-reserve mineralization (NRM)
conversion at Boddington.  In South America, exploration will continue to
focus on sulfide targets at Yanacocha in Peru and on greenfields projects in
the Andes of Peru and the Guiana Shield, where the Company recently applied to
the government of Suriname for a Right of Exploitation for the Merian II and
Maraba discoveries at the Nassau joint venture.  The Company expects to spend
approximately $220 to $230 million on exploration activities in 2008,
including approximately $29 million at the recently acquired Hope Bay project
in Nunavut, Canada.
    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, the Company will likely recognize a non-cash $1.1 billion
Exploration Segment goodwill impairment as part of continuing operations in
the fourth quarter of 2007.
    
    2008 OPERATING OUTLOOK
    
    In 2008, the Company expects equity gold sales of between 5.1 and 5.4
million ounces at costs applicable to sales of between $425 and $450 per ounce
as continued industry-wide operating cost pressures are expected to be
compounded by slightly lower gold grades.  The Company continues to focus on
cost mitigating initiatives, including this year's anticipated completion of
the power plant in Nevada and commissioning of the gold mill at Yanacocha, as
well as the implementation of operational diagnostic and continuous
improvement measures at the Company's operations globally.  The Company
expects to realize cost savings in Nevada of approximately $25 per ounce
annually from its Nevada power plant investment that is expected to be
commissioned by mid-2008.
    The Company's 2008 costs applicable to sales outlook is subject to impact
by changes to commodity prices and exchange rates.  The Company's 2008 costs
applicable to sales outlook assumed an oil price of $80 per barrel and an
Australian dollar exchange rate of 0.875.  During 2008, the Company
anticipates consuming approximately 3 million barrels of oil.  Additionally,
the Company expects to spend approximately 20% of its total costs applicable
to sales denominated in Australian dollars.
    The section below outlines the regional equity gold sales and costs
applicable to sales per ounce outlook for 2008.
    
    Nevada, United States
    
    Equity gold sales in Nevada are expected to remain relatively stable in
2008 at approximately 2.27 to 2.40 million ounces, primarily due to increased
leach production at Twin Creeks as well as Leeville operating at designed
capacity for a complete year, offset by lower production from the closure of
the Lone Tree processing facility.
    Costs applicable to sales in Nevada are expected to be slightly lower in
2008 at approximately $400 to $430 per ounce, partially due to anticipated
cost savings of approximately $25 per ounce realized from the power plant and
reduced milling costs due to the closure of the Lone Tree processing facility.
The Company continues to address the operational challenges at Phoenix.  The
new crusher is expected to be completed and operational in the second quarter
of 2008, and the new mine plan remains on schedule to be completed by
mid-2008.
    
    Yanacocha, Peru
    
    Equity gold sales at Yanacocha are expected to increase slightly to
between 885,000 and 925,000 ounces in 2008, primarily due to increased
recoveries as the gold mill begins to process higher-grade ore in the first
half of 2008.
    Costs applicable to sales at Yanacocha are expected to increase slightly
in 2008 to between $370 and $390 per ounce, primarily due to a change in the
mine sequence that resulted in increased waste stripping as well as higher
labor costs from increased salaries and royalty payments.
    
    Australia/New Zealand
    
    Equity gold sales in Australia/New Zealand are expected to decrease to
between 1.06 and 1.12 million ounces in 2008, as the impact of the Pajingo
sale and lower grades at Tanami are partially offset by higher throughput at
Waihi in New Zealand.
    Costs applicable to sales are expected to increase in 2008 in
Australia/New Zealand to between $585 and $625 per ounce, primarily driven by
slightly lower production, increasing consumable costs, and the higher assumed
Australian dollar exchange rate.  The Company has initiated an Australian
dollar hedging program to reduce exchange rate volatility in operating costs
going forward.
    
    Batu Hijau, Indonesia
    
    Equity gold and copper sales at Batu Hijau are expected to decrease to
between 150,000 and 165,000 ounces of gold and to between 155 and 165 million
pounds of copper in 2008, as mining shifts from the high grade bottom of the
pit into a lower grade mine sequence during 2008 and a portion of 2009.  The
planned sequencing is expected to result in lower recoveries as lower grade
stockpile ore is fed to the mill.
    Costs applicable to sales at Batu Hijau are expected to increase in 2008
to between $285 and $325 per ounce of gold and to between $1.30 and $1.40 per
pound of copper, primarily driven by lower production and increased operating
costs as the number of truck operating hours are expected to increase during
the year, with associated increases in diesel, tires, and maintenance costs,
offset by the benefit of building stockpiles in the second half of 2008.
    
    Ahafo, Ghana
    
    Equity gold sales at Ahafo are expected to increase to between 495,000
and 530,000 ounces in 2008, primarily due to higher grades and increased mill
throughput, offset by lower recoveries due to the metallurgical
characteristics of the ore processed in the mill.
    Costs applicable to sales are expected to increase to between $485 and
$520 per ounce in 2008, primarily as a result of expected higher labor and
contracted service costs, as well as rising fuel and consumables prices and an
increase in the tariff on electricity.
    
    2008 CONSOLIDATED CAPITAL OUTLOOK
    
    The Company anticipates consolidated capital expenditures of between $1.8
and $2.0 billion in 2008 (between $1.6 and $1.8 billion on an equity basis),
with approximately 50% invested in Australia/New Zealand, 25% in Nevada and
the remaining 25% at other locations.  Approximately $0.9 to $1.0 billion of
the 2008 capital is allocated to sustaining investments, with the remaining
$0.9 to $1.0 billion allocated to project development initiatives, including
the completion of the Boddington project in Australia, the power plant in
Nevada, and the gold mill in Peru.
    For 2008, consolidated capital expenditures in Nevada are expected to
decrease to between $350 and $400 million, with spending focused primarily on
the completion of the power plant, Phoenix crusher and other sustaining
development.
    Consolidated capital expenditures in South America are expected to
decrease to approximately $250 to $290 million in 2008 ($125 - $150 million on
an equity basis), primarily as a result of completing the gold mill during the
first half of 2008 and leach pad expansions.  The Company continues to
evaluate the optimal development plan for Conga, with a development decision
expected in 2008.
    For 2008, consolidated capital expenditures in Australia/New Zealand are
expected to increase to approximately $800 to $850 million, primarily as a
result of increased spending on the Boddington project.  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.  The Company continues to expect Boddington to
start up in late 2008 or early 2009.
    Consolidated capital expenditures in 2008 at Batu Hijau are expected to
increase to between $145 and $195 million ($65 - $90 million on an equity
basis) due to increased sustaining capital and initial feasibility spending on
the third SAG mill expansion and pit dewatering infrastructure.
    Consolidated capital expenditures in Ghana are expected to be
approximately $150 to $155 million, primarily related to spending on Ahafo
expansion options as well as continued development studies on Akyem, with a
development decision expected in 2008.
    For 2008, consolidated capital expenditures at the Hope Bay project in
Nunavut are expected to be approximately $30 million, primarily focused on
development phase enhancement of infrastructure.


    PROVEN AND PROBABLE GOLD RESERVES

    Equity Proven, Probable, and Combined Gold Reserves(1)

    December 31, 2007

    
    Deposits/Districts                           Proven Reserves
                            Newmont     Tonnage       Grade        Gold
                             Share     (000 tons)    (oz/ton)    (000 ozs)
    

    
    Nevada
      Carlin Open Pit(2)      100%       17,700        0.065        1,140
      Carlin Underground      100%        1,500        0.318          490
      Midas(3)                100%          600        0.539          340
      Phoenix                 100%            0                         0
      Twin Creeks             100%        4,200        0.072          300
      Turquoise Ridge(4)       25%        2,100        0.477          990
      Nevada In-Process(5)    100%       40,200        0.026        1,060
      Nevada Stockpiles(6)    100%       30,900        0.079        2,440
    

    TOTAL NEVADA                         97,200        0.070        6,760

    
    Yanacocha, Peru
      Conga (Minas
       Conga)(7)            51.35%            0                         0
      Yanacocha Open
       Pits(8)              51.35%       26,400        0.023          600
      Yanacocha In-
       Process(5)           51.35%       20,700        0.027          560
    

    TOTAL YANACOCHA                      47,100        0.025        1,160

    
    Australia/New Zealand
      Boddington, Western
       Australia(9)         66.67%      124,900        0.026        3,240
      Jundee, Western
       Australia              100%        3,000        0.148          450
        Kalgoorlie Open Pits
         and Underground       50%       32,500        0.061        1,980
        Kalgoorlie
         Stockpiles(6)         50%       13,500        0.031          420
      Total Kalgoorlie,
       Western Australia       50%       46,000        0.052        2,400
      Waihi, New Zealand      100%
      Pajingo, Queensland(10) 100%            0                         0
        Tanami Underground
         and Open Pits        100%        6,200        0.144          890
        Tanami Stockpiles(6)  100%          400        0.081           30
      Total Tanami, Northern
       Territories            100%        6,600        0.140          920
    

    
    TOTAL AUSTRALIA/
     NEW ZEALAND                        180,500        0.039        7,010
    

    
    Batu Hijau(11)             45%      132,700        0.013        1,780
      Batu Hijau
       Stockpiles(6)(11)       45%            0                         0
    Total Batu Hijau           45%      132,700        0.013        1,780
    

    TOTAL BATU HIJAU                    132,700        0.013        1,780

    
    Ghana, West Africa
      Ahafo(12)               100%            0                         0
      Akyem(13)               100%            0                         0
    

    TOTAL GHANA                               0                         0

    
    Other Operations
      Kori Kollo, Bolivia      88%        7,800        0.018          140
      La Herradura, Mexico     44%       32,600        0.023          760
    

    TOTAL OTHER OPERATIONS               40,400        0.022          900

    
    TOTAL NEWMONT
     WORLDWIDE                          497,900        0.035       17,610
    


    December 31, 2007

    
    Deposits/Districts                          Probable Reserves
                                     Tonnage          Grade          Gold
                                   (000 tons)        (oz/ton)     (000 ozs)
    Nevada
      Carlin Open Pit(2)            195,800           0.043         8,380
      Carlin Underground              5,700           0.407         2,330
      Midas(3)                          400           0.428           190
      Phoenix                       278,100           0.027         7,600
      Twin Creeks                    47,900           0.079         3,780
      Turquoise Ridge(4)                700           0.402           290
      Nevada In-Process(5)                0                             0
      Nevada Stockpiles(6)            1,500           0.030            40
    

    TOTAL NEVADA                    530,100           0.043        22,610

    
    Yanacocha, Peru
      Conga (Minas Conga)(7)        317,200           0.019         6,080
      Yanacocha Open Pits(8)        229,200           0.030         6,940
      Yanacocha In-Process(5)             0                             0
    

    TOTAL YANACOCHA                 546,400           0.024        13,020

    
    Australia/New Zealand
      Boddington, Western
       Australia(9)                 352,000           0.022         7,850
      Jundee, Western Australia       3,700           0.283         1,040
        Kalgoorlie Open Pits and
         Underground                 33,600           0.065         2,190
        Kalgoorlie Stockpiles(6)          0                             0
      Total Kalgoorlie, Western
       Australia                     33,600           0.065         2,190
      Waihi, New Zealand              3,800           0.131           500
      Pajingo, Queensland(10)             0                             0
        Tanami Underground and
         Open Pits                    5,200           0.138           710
        Tanami Stockpiles(6)          1,500           0.036            60
      Total Tanami, Northern
       Territories                    6,700           0.115           770
    

    TOTAL AUSTRALIA/NEW ZEALAND     399,800           0.031        12,350

    
    Batu Hijau(11)                  246,200           0.008         2,050
      Batu Hijau Stockpiles(6)(11)  114,300           0.004           410
    Total Batu Hijau                360,500           0.007         2,460
    

    TOTAL BATU HIJAU                360,500           0.007         2,460

    
    Ghana, West Africa
      Ahafo(12)                     124,000           0.078         9,720
      Akyem(13)                     147,200           0.052         7,660
    

    TOTAL GHANA                     271,200           0.064        17,380

    
    Other Operations
      Kori Kollo, Bolivia            17,400           0.016           280
      La Herradura, Mexico           35,100           0.023           820
    

    TOTAL OTHER OPERATIONS           52,500           0.021         1,100

    TOTAL NEWMONT WORLDWIDE       2,160,500           0.032        68,920


    December 31, 2007

    
    Deposits/Districts        Proven and Probable Reserves       Metallurgical
                            Tonnage       Grade        Gold        Recovery
                          (000 tons)     (oz/ton)    (000 ozs)
    

    
    Nevada
      Carlin Open Pit(2)   213,500        0.045        9,520          71%
      Carlin Underground     7,200        0.388        2,820          94%
      Midas(3)               1,000        0.493          530          95%
      Phoenix              278,100        0.027        7,600          75%
      Twin Creeks           52,100        0.078        4,080          80%
      Turquoise Ridge(4)     2,800        0.458        1,280          92%
      Nevada In-Process(5)  40,200        0.026        1,060          66%
      Nevada Stockpiles(6)  32,400        0.077        2,480          77%
    

    TOTAL NEVADA           627,300        0.047       29,370          77%

    
    Yanacocha, Peru
      Conga (Minas
       Conga)(7)           317,200        0.019        6,080          79%
      Yanacocha Open
       Pits(8)             255,600        0.029        7,540          69%
      Yanacocha In-
       Process(5)           20,700        0.027          560          76%
    

    TOTAL YANACOCHA        593,500        0.024       14,180          74%

    
    Australia/New Zealand
      Boddington, Western
       Australia(9)        476,900        0.023       11,090          82%
      Jundee, Western
       Australia             6,700        0.222        1,490          91%
        Kalgoorlie Open Pits
         and Underground    66,100        0.063        4,170          86%
        Kalgoorlie
         Stockpiles(6)      13,500        0.031          420          79%
      Total Kalgoorlie,
       Western Australia    79,600        0.058        4,590          85%
      Waihi, New Zealand     3,800        0.131          500          89%
      Pajingo, Queensland(10)    0                         0
        Tanami Underground
         and Open Pits      11,400        0.141        1,600          95%
        Tanami Stockpiles(6) 1,900        0.045           90          95%
      Total Tanami,
       Northern Territories 13,300        0.127        1,690          95%
    

    
    TOTAL AUSTRALIA/
     NEW ZEALAND           580,300        0.033       19,360          85%
    

    
    Batu Hijau(11)         378,900        0.010        3,830          77%
      Batu Hijau
       Stockpiles(6)(11)   114,300        0.004          410          64%
      Total Batu Hijau     493,200        0.009        4,240          76%
    

    TOTAL BATU HIJAU       493,200        0.009        4,240          76%

    
    Ghana, West Africa
      Ahafo(12)            124,000        0.078        9,720          87%
      Akyem(13)            147,200        0.052        7,660          89%
    

    TOTAL GHANA            271,200        0.064       17,380          88%

    
    Other Operations
      Kori Kollo, Bolivia   25,200        0.017          420          59%
      La Herradura, Mexico  67,700        0.023        1,580          66%
    

    TOTAL OTHER OPERATIONS  92,900        0.022        2,000          65%

    
    TOTAL NEWMONT
     WORLDWIDE           2,658,400        0.033       86,530          80%
    


    December 31, 2006

    
    Deposits/Districts                     Proven + Probable Reserves
                                     Tonnage         Grade          Gold
                                   (000 tons)       (oz/ton)      (000 ozs)
    Nevada
      Carlin Open Pit(2)            271,600           0.042        11,530
      Carlin Underground              7,400           0.441         3,260
      Midas(3)                        1,200           0.467           550
      Phoenix                       295,200           0.027         8,080
      Twin Creeks                    64,800           0.077         4,980
      Turquoise Ridge(4)              2,100           0.544         1,150
      Nevada In-Process(5)           45,600           0.024         1,120
      Nevada Stockpiles(6)           31,600           0.077         2,440
    

    TOTAL NEVADA                    719,500           0.046        33,110

    
    Yanacocha, Peru
      Conga (Minas Conga)(7)        317,200           0.019         6,080
      Yanacocha Open Pits(8)        277,800           0.030         8,310
      Yanacocha In-Process(5)        24,000           0.028           670
    

    TOTAL YANACOCHA                 619,000           0.024        15,060

    
    Australia/New Zealand
      Boddington, Western
       Australia(9)                 377,700           0.024         9,090
      Jundee, Western Australia       6,900           0.213         1,480
        Kalgoorlie Open Pits and
         Underground                 74,600           0.063         4,670
        Kalgoorlie Stockpiles(6)     13,100           0.032           420
      Total Kalgoorlie, Western
       Australia                     87,700           0.058         5,090
      Waihi, New Zealand              4,100           0.137           560
      Pajingo, Queensland(10)         1,300           0.233           300
        Tanami Underground and
         Open Pits                   12,200           0.152         1,860
        Tanami Stockpiles(6)          3,000           0.039           120
      Total Tanami, Northern
       Territories                   15,200           0.130         1,980
    

    TOTAL AUSTRALIA/NEW ZEALAND     492,900           0.038        18,500

    
    Batu Hijau(11)                  372,200           0.012         4,500
      Batu Hijau Stockpiles(6)(11)  145,800           0.004           540
    Total Batu Hijau                518,000           0.010         5,040
    

    TOTAL BATU HIJAU                518,000           0.010         5,040

    
    Ghana, West Africa
      Ahafo(12)                     163,800           0.078        12,620
      Akyem(13)                     147,200           0.052         7,660
    

    TOTAL GHANA                     311,000           0.065        20,280

    
    Other Operations
      Kori Kollo, Bolivia            41,800           0.011           470
      La Herradura, Mexico           64,500           0.022         1,390
    

    TOTAL OTHER OPERATIONS          106,300           0.017         1,860

    TOTAL NEWMONT WORLDWIDE       2,766,700           0.034        93,850


    
    (1)  2007 reserves were calculated at a gold price of US$575, A$750, or
         NZ$850 per ounce unless otherwise noted. 2006 reserves were
         calculated at a gold price of US$500, A$675, or NZ$750 per ounce
         unless otherwise noted.  Tonnages have been rounded to the nearest
         100,000.  Ounces have been rounded to the nearest 10,000.
    (2)  Includes undeveloped reserves at Castle Reef, North Lantern and
         Emigrant deposits for combined total undeveloped reserves of 1.5
         million ounces.
    (3)  Also contains reserves of 7.5 million ounces of silver with a
         metallurgical recovery of 88%.
    (4)  Reserve estimates provided by Barrick Gold Corp. ("Barrick"), the
         operator of the Turquoise Ridge Joint Venture.  Barrick estimated
         2007 reserves using a gold price of US$575 per ounce.
    (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 Corimayo, which
         contains reserves of 2.5 million equity ounces.
    (9)  Deposit is currently being developed. Production is expected to begin
         in 2009.
    (10) Pajingo assets were sold in 2007.
    (11) Percentage reflects Newmont's ownership at December 31, 2007.  On May
         25, 2007, the minority owner of the Batu Hijau mine fully repaid a
         loan from a Newmont subsidiary.  As a result of the loan repayment,
         Newmont's economic interest was reduced from 52.875% to 45%.
    (12) Includes undeveloped reserves at Awonsu, Amoma, Yamfo South, Yamfo
         Central, Techire West, Subenso South, Subenso North, Yamfo Northeast,
         and Susuan totaling 5.3 million ounces.
    (13) Deposit is undeveloped.
    



    GOLD NON-RESERVE MINERALIZATION

    Equity Gold Mineralized Material Not in Reserves(1)(2)

    
                                           December 31, 2007
    Deposits/
     Districts                    Measured Material     Indicated Material
                   Newmont      Tonnage       Grade     Tonnage      Grade
                    Share      (000 tons)   (oz/ton)   (000 tons)   (oz/ton)
    

    
    Nevada
      Carlin Trend
       Open Pit      100%        1,000        0.028      13,600       0.020
      Carlin Trend
       Underground   100%          100        0.479          10       0.539
      Lone Tree
       Complex       100%        4,200        0.022           0
      Midas          100%          100        0.384         100       0.267
      Phoenix        100%            0        0.000      92,800       0.017
      Twin Creeks    100%        1,000        0.112      20,000       0.061
      Turquoise
       Ridge (3)      25%          600        0.407         200       0.415
      Nevada
       Stockpiles(4) 100%        7,700        0.059
    

    TOTAL NEVADA                14,700        0.070     126,710       0.025

    
    Yanacocha, Peru
      Conga        51.35%            0                   58,000       0.013
      La Zanja(5)   46.9%            0                   18,000       0.021
      Yanacocha    51.35%        1,300        0.011      95,400       0.025
    

    TOTAL YANACOCHA              1,300        0.011     171,400       0.020

    
    Australia/New Zealand
      Boddington,
       Western
       Australia   66.67%       13,200        0.013     179,500       0.016
      Jundee,
       Western
       Australia     100%           40        0.156       2,900       0.033
      Kalgoorlie,
       Western
       Australia      50%        1,200        0.059         400       0.062
      Waihi, New
       Zealand       100%            0                    1,300       0.184
      Pajingo,
       Queensland(6) 100%            0                        0
      Tanami,
       Northern
       Territory     100%            0                      900       0.067
    

    
    TOTAL AUSTRALIA/
     NEW ZEALAND                14,440        0.017     185,000       0.018
    

    
    Batu Hijau,
     Indonesia
      Batu Hijau (7)  45%        2,900        0.002      20,100       0.001
    

    
    TOTAL BATU
     HIJAU                       2,900        0.002      20,100       0.001
    

    
    Ghana, West
     Africa
      Ahafo          100%            0                   42,100       0.069
      Akyem          100%            0                   11,600       0.048
    

    TOTAL AFRICA                     0                   53,700       0.064

    
    Other Operations
     and Projects
      Kori Kollo,
       Bolivia        88%            0        0.000      12,200       0.017
      La Herradura,
       Mexico         44%        3,700        0.021       7,900       0.021
    

    
    TOTAL OTHER
     OPERATIONS AND PROJECTS     3,700        0.021      20,100       0.019
    

    TOTAL NEWMONT WORLDWIDE     37,040        0.037     577,010       0.024

    December 31, 2007

    
    Deposits/
     Districts              Measured + Indicated
                                  Material             Inferred Material
                            Tonnage       Grade        Tonnage     Grade
                           (000 tons)    (oz/ton)    (000 tons)   (oz/ton)
    

    
    Nevada
      Carlin Trend Open Pit 14,600        0.020        3,700        0.037
      Carlin Trend
       Underground             110        0.482        2,600        0.480
      Lone Tree Complex      4,200        0.022            0
      Midas                    200        0.345          100        0.301
      Phoenix               92,800        0.017       22,900        0.022
      Twin Creeks           21,000        0.063        2,600        0.030
      Turquoise Ridge(3)       800        0.409          500        0.440
      Nevada Stockpiles(4)   7,700        0.059
    

    TOTAL NEVADA           141,410        0.030       32,400        0.066

    
    Yanacocha, Peru
      Conga                 58,000        0.013       79,000        0.011
      La Zanja(5)           18,000        0.021            0
      Yanacocha             96,700        0.024       29,900        0.018
    

    TOTAL YANACOCHA        172,700        0.020      108,900        0.013

    
    Australia/New Zealand
      Boddington, Western
       Australia           192,700        0.016      139,900        0.018
      Jundee, Western
      Australia              2,940        0.034        1,000        0.345
      Kalgoorlie, Western
       Australia             1,600        0.060        1,600        0.146
      Waihi, New Zealand     1,300        0.184        3,000        0.109
      Pajingo, Queensland(6)     0                         0
      Tanami, Northern
       Territory               900        0.067       11,300        0.188
    

    
    TOTAL AUSTRALIA/
     NEW ZEALAND           199,440        0.018      156,800        0.035
    

    
    Batu Hijau, Indonesia
      Batu Hijau (7)        23,000        0.001       16,200        0.002
    

    TOTAL BATU HIJAU        23,000        0.001       16,200        0.002

    
    Ghana, West Africa
      Ahafo                 42,100        0.069        9,700        0.082
      Akyem                 11,600        0.048        4,600        0.047
    

    TOTAL AFRICA            53,700        0.064       14,300        0.071

    
    Other Operations
     and Projects
      Kori Kollo, Bolivia   12,200        0.017            0        0.000
      La Herradura, Mexico  11,600        0.021       18,000        0.021
    

    
    TOTAL OTHER OPERATIONS
     AND PROJECTS           23,800        0.019       18,000        0.021
    

    
    TOTAL NEWMONT
     WORLDWIDE             614,050        0.025      346,600        0.031
    


    
    (1) Mineralized material is reported exclusive of reserves.
    (2) 2007 mineralized material was calculated at a gold price of US$625,
        A$800, or NZ$950 per ounce unless otherwise noted.  2006 mineralized
        material was calculated at a gold price of US$550, A$725, or NZ$850
        per ounce. Tonnages have been rounded to the nearest 100,000.
    (3) Mineralized material estimates were provided by Barrick, the operator
        of the Turquoise Ridge Joint Venture.  Barrick calculated mineralized
        material not in reserves assuming a gold price of US$650 per ounce.
    (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. Buenaventura calculated mineralized
        material at a gold price of US$525 per ounce.
    (6) Pajingo assets were sold in 2007.
    (7) Percentage reflects Newmont's ownership at December 31, 2007.  On May
        25, 2007, the minority owner of the Batu Hijau mine fully repaid a
        loan from a Newmont subsidiary.  As a result of the loan repayment,
        Newmont's economic interest was reduced from 52.875% to 45%.
    


    COPPER PROVEN AND PROBABLE RESERVES

    Equity Copper Reserves(1)

    December 31, 2007

    
    Deposits/Districts                            Proven Reserves
                            Newmont                                 Copper
                             Share       Tonnage       Grade       (million
                                       (000 tons)      (Cu%)        pounds)
    

    
        Batu Hijau(2)          45%      132,700        0.50%        1,330
        Batu Hijau, Stockpiles
         (2)(3)                45%            0                         0
      Total Batu Hijau,
       Indonesia               45%      132,700        0.50%        1,330
      Boddington, Western
       Australia(4)         66.67%      124,900        0.11%          280
      Conga, Peru(5)        51.35%            0                         0
      Phoenix, Nevada         100%            0                         0
    TOTAL NEWMONT WORLDWIDE             257,600        0.31%        1,610
    


    
                                               December 31, 2007
    Deposits/Districts
                                               Probable Reserves
                                                                    Copper
                                    Tonnage           Grade        (million
                                   (000 tons)         (Cu%)         pounds)
    

    
        Batu Hijau(2)               246,200           0.40%         1,970
        Batu Hijau, Stockpiles
         (2)(3)                     114,300           0.36%           820
      Total Batu Hijau, Indonesia   360,500           0.39%         2,790
      Boddington, Western
       Australia(4)                 351,600           0.11%           750
      Conga, Peru(5)                317,200           0.26%         1,660
      Phoenix, Nevada               279,600           0.13%           740
    TOTAL NEWMONT WORLDWIDE       1,308,900           0.23%         5,940
    


    
                                           December 31, 2007
    Deposits/Districts
                               Proven + Probable Reserves
    

    
                                                      Copper
                          Tonnage         Grade      (million   Metallurgical
                         (000 tons)       (Cu%)       pounds)     Recovery
    

    
        Batu Hijau(2)      378,900        0.43%        3,300          79%
        Batu Hijau,
         Stockpiles(2)(3)  114,300        0.36%          820          64%
      Total Batu Hijau,
       Indonesia           493,200        0.42%        4,120          76%
      Boddington, Western
       Australia(4)        476,500        0.11%        1,030          83%
      Conga, Peru(5)       317,200        0.26%        1,660          85%
      Phoenix, Nevada      279,600        0.13%          740          66%
    TOTAL NEWMONT
     WORLDWIDE           1,566,500        0.24%        7,550          78%
    


    
                                              December 31, 2006
    Deposits/Districts
                                          Proven + Probable Reserve
    

    
                                                                   Copper
                                    Tonnage           Grade       (million
                                   (000 tons)         (Cu%)        pounds)
    

    
        Batu Hijau(2)               372,100           0.49%         3,650
        Batu Hijau,
         Stockpiles(2)(3)           145,800           0.37%         1,070
      Total Batu Hijau, Indonesia   517,900           0.46%         4,720
      Boddington, Western
       Australia(4)                 377,400           0.11%           840
      Conga, Peru(5)                317,200           0.26%         1,660
      Phoenix, Nevada               296,600           0.13%           770
    TOTAL NEWMONT WORLDWIDE       1,509,100           0.26%         7,990
    

    
    (1) 2007 reserves were calculated at US$1.75 or A$2.00 per pound copper
        price unless otherwise noted.  2006 reserves were calculated at
        US$1.25 or A$1.70 per pound copper price unless otherwise noted.
        Tonnages have been rounded to the nearest 100,000.  Pounds have been
        rounded to the nearest 10 million.
    (2) Percentage reflects Newmont's ownership at December 31, 2007.  On May
        25, 2007, the minority owner of the Batu Hijau mine fully repaid a
        loan from a Newmont subsidiary.  As a result of the loan repayment,
        Newmont's economic interest was reduced from 52.875% to 45%.
    (3) 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.  Stockpiles are
        reported separately where tonnage or contained metal are greater than
        5% of the total site reported reserves.
    (4) Deposit currently being developed.
    (5) Deposit is undeveloped.
    



    COPPER NON-RESERVE MINERALIZATION

    Equity Copper Mineralized Material Not in Reserves(1)(2)

    December 31, 2007


    
    Deposits/Districts                Measured Material    Indicated Material
                            Newmont   Tonnage     Grade     Tonnage    Grade
                             Share   (000 tons)   (Cu%)    (000 tons)  (Cu%)
    

    
       Batu Hijau,
        Indonesia (3)         45%      2,900      0.19%      20,100    0.19%
       Boddington, Western
        Australia          66.67%     13,200      0.08%     179,500    0.10%
       Conga, Peru         51.35%          0      0.00%      58,000    0.18%
       Phoenix, Nevada       100%          0      0.00%      91,300    0.16%
    TOTAL NEWMONT
     WORLDWIDE                        16,100      0.10%     348,900    0.13%
    


    
                                       Measured + Indicated
    Deposits/Districts                       Material       Inferred Material
                                          Tonnage   Grade   Tonnage    Grade
                                         (000 tons) (Cu%)  (000 tons)  (Cu%)
    

    
       Batu Hijau, Indonesia (3)           23,000    0.19%    16,200   0.24%
       Boddington, Western Australia      192,700    0.10%   139,900   0.10%
       Conga, Peru                         58,000    0.18%    79,000   0.17%
       Phoenix, Nevada                     91,300    0.16%    23,900   0.16%
    TOTAL NEWMONT WORLDWIDE               365,000    0.13%   259,000   0.14%
    

    
    (1) Mineralized material is reported exclusive of reserves.
    (2) 2007 mineralized material was calculated at a copper price of US$2.00
        or A$2.50 per pound unless otherwise noted.  2006 mineralized material
        was calculated at a copper price of US$1.50 or A$2.00 per pound.
        Tonnages have been rounded to the nearest 100,000.
    (3) Percentage reflects Newmont's ownership at December 31, 2007.  On May
        25, 2007, the minority owner of the Batu Hijau mine fully repaid a
        loan from a Newmont subsidiary.  As a result of the loan repayment,
        Newmont's economic interest was reduced from 52.875% to 45%.
    


    PRODUCTION 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
             Pajingo                            -        -        -        -
             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.
    


    COSTS APPLICABLE TO SALES AND CAPITAL EXPENDITURES STATISTICS SUMMARY

    
                                           Q4 2007  Q4 2006    2007     2006
    Gold
    Costs Applicable to Sales
     ($/ounce) (1)
    

    
      Nevada                                 $385     $363     $444     $403
      Yanacocha                              $315     $244     $345     $193
      Batu Hijau                             $354     $192     $243     $209
      Australia/New Zealand
             Tanami                          $445     $360     $425     $370
             Kalgoorlie                      $673     $539     $605     $490
             Jundee                          $416     $374     $480     $369
             Waihi                           $445     $343     $502     $223
                                             $494     $409     $496     $389
    

    Ahafo                                  $416     $326     $396     $297

    
      Other
             Kori Kollo                      $249     $301     $340     $210
             La Herradura                    $421     $254     $341     $248
             Golden Giant                      $-      $49     $205     $214
                                             $338     $272     $332     $222
    

    Newmont                                $384     $324     $406     $303


    
     Copper
     Costs Applicable to Sales ($/pound)
             Batu Hijau                     $1.29    $0.64    $1.10    $0.71
    


    
                                           Q4 2007  Q4 2006   2007     2006
     Capital expenditures ($ million):
       Nevada                                 135     204      588      705
       South America                           72      95      253      269
       Batu Hijau                              31       9       74      106
       Australia/New Zealand                  229      84      597      192
       Ghana                                   40      34      134      234
       Corporate and Other                      4      14       24       31
     Total capital expenditures              $511    $440   $1,670   $1,537
    

    
    (1)  Excludes depreciation, depletion and amortization, loss on settlement
         of price-capped forward sales contracts and Midas redevelopment
         costs.
    
    The Company's 2008 Analyst Day and live web cast presentation will be
held on February 8, 2008, beginning at 10:00 a.m. Eastern Time (8:00 a.m.
Mountain Time).  The 2008 Analyst Day will be simultaneously carried on our
web site at www.newmont.com under Investor Information/Presentations and will
be archived there for a limited time.
    The Company will release complete financial results for the fourth
quarter and year ended December 31, 2007 on Thursday, February 21, 2008.  A
conference call to discuss the financial results will be held on February 21,
2008 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 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 gold and
copper production and sales; (ii) estimates of future costs applicable to
sales; (iii) estimates of future capital expenditures, project costs, and
expenses; (iv) estimates regarding timing of future development, construction,
production or closure activities; (v) statements regarding future exploration
results, exploration expenditures, and reserves and (vi) 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 2006 Annual Report on Form
10-K, filed February 26, 2007, which is on file 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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