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EX-99.1 - NEWMONT Corp /DE/v175514_ex99-1.htm
 
 
Newmont Mining Corporation
6363 South Fiddlers Green Circle, Suite 800
Greenwood Village, CO 80111
T  303.863.7414
F  303.837.5837
www.newmont.com
 
 
Newmont Reports 8% Increase in Equity Gold Reserves to 91.8 Million Ounces; Details 2010 Exploration Funding and Opportunities

DENVER, February 25, 2010 – Newmont Mining Corporation (NYSE: NEM) (“Newmont” or “the Company”) today reported 2009 equity gold reserves of 91.8 million ounces, an 8% increase over 2008, and equity copper reserves of 9.1 billion pounds, a 17% increase over 2008.

Equity gold measured and indicated resources (NRM) for 2009 were 1.1 billion tons at an average grade of 0.020 ounces per ton, up from 0.8 billion tons at a grade of 0.026 ounces per ton for 2008. Equity copper NRM for 2009 were 796 million tons at an average grade of 0.17%, up from 431 million tons at a grade of 0.13% from 2008.

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

Reserve additions came from all regions, with notable additions from Gold Quarry in Nevada, Boddington in Australia, underground operations across Australia and New Zealand and at Ahafo in Ghana.

“A combination of strong 2009 exploration results and the Boddington acquisition resulted in equity gold reserves at our highest level since 2006 and equity gold NRM at the highest level since 2003.” said Guy Lansdown, Executive Vice President of Discovery and Development.  “These increases, combined with our generative exploration opportunities, will support future sustainability in each of our operating regions.”
 

 
 
 
 
Exploration, Advanced Projects, Research & Development

The recent success of the Company’s exploration program, combined with a demonstrated ability to advance exploration programs through development and into production, has established a platform for future growth.  To provide increasing value for shareholders, Newmont plans to continue aggressively advancing its most prospective near mine and generative exploration development opportunities into production.

The 2010 exploration budget is between $190 and $220 million, an increase of approximately 10% from 2009.  In addition, funding for Advanced Project development has increased to between $185 and $210 million, a 40% increase from 2009.  These exploration and advanced project development programs are designed to generate and develop the projects that will help drive production in the decades to come.

Approximately 75% of the exploration budget is focused on programs within Newmont’s existing operating districts and major land packages, including the prospective gold belts at Hope Bay in Canada and in Suriname.  These exploration programs are designed to support production, replace reserves, optimize existing assets, explore and advance copper opportunities and to develop new brown field projects that leverage existing facilities and infrastructure.

The additional Advanced Project development programs are coordinated with our exploration efforts, with exploration delivering new resources that are effectively advanced through the development pipeline in each of the operating regions.  The Company’s more notable exploration and advanced project development opportunities include Hope Bay in Canada, the Greater Leeville-Turf project in Nevada, the Subika underground project in Ghana, expansion drilling at Boddington in Australia, and multiple programs targeting underground resource expansions across Australia and New Zealand and sulfide exploration and development programs in Peru.

Hope Bay, Canada

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

Greater Leeville-Turf, Nevada

In Nevada, the Company has a portfolio of multiple open pit and underground projects.  One of these opportunities is the Greater Leeville-Turf program, where the Company has a surface exploration program extending well beyond known mineralization.  Early results from both surface and underground exploration programs suggest significant potential for resource expansion, with recent surface gold intercepts including CGX-24 with 32 feet at 0.7 ounces per ton and CGX-12 with 151 feet at 0.6 ounces per ton, all accessible by extensions of current underground infrastructure. The Company expects to spend approximately $75 to $85 million on advanced project development and near mine exploration in 2010 in Nevada, excluding capital.
 
 
Page 2 of 7
 

 
 
 
 
Subika Expansion, Ghana

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

Australia / New Zealand

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

Yanacocha District, Peru

In South America, the Company’s exploration focus is on unlocking the sulfide opportunities within the Yanacocha district and around the Conga project.  Advanced exploration and development of the large gold-copper sulfide resources underlying current Yanacocha oxide pits is ongoing.  As a result, research and development of metallurgical process options for potentially minable resources is advancing.  In addition, the Chaquicocha Sur sulfide project has advanced into Stage 2, with a program focused on an underground mining option to develop this high grade resource.  In addition, while basic engineering and permitting advances on the Conga project, multiple gold-copper porphyry targets across the prospective land package are being explored to maximize the value of this world class project. The Company expects to spend approximately $25 to $30 million on advanced project development and near mine exploration in 2010 in Peru.
 
 
Page 3 of 7
 


 
 
 
Supplemental Information:
 
Equity Proven, Probable, and Combined Gold Reserves(1)
 
         
December 31, 2009
   
December 31, 2008
 
Deposits/Districts by Reporting Unit
       
Proven Reserves
   
Probable Reserves
   
Proven and Probable Reserves
   
Metallurgical Recovery
   
Proven + Probable Reserves
 
   
Newmont
   
Tonnage
   
Grade
   
Gold
   
Tonnage
   
Grade
   
Gold
   
Tonnage
   
Grade
   
Gold
         
Tonnage
   
Grade
   
Gold
 
   
Share
   
(000 tons)
   
(oz/ton)
   
(000 ozs)
   
(000 tons)
   
(oz/ton)
   
(000 ozs)
   
(000 tons)
   
(oz/ton)
   
(000 ozs)
         
(000 tons)
   
(oz/ton)
   
(000 ozs)
 
NORTH AMERICA
                                                                                   
Carlin Open Pits, Nevada(2)
    100 %     24,400       0.067       1,640       234,900       0.042       9,760       259,300       0.044       11,400       74 %     202,400       0.045       9,050  
Carlin Underground, Nevada
    100 %     4,600       0.307       1,400       5,100       0.315       1,590       9,700       0.311       2,990       88 %     11,700       0.313       3,650  
Midas, Nevada(3)
    100 %     400       0.480       200       300       0.347       100       700       0.425       300       95 %     900       0.436       390  
Phoenix, Nevada
    100 %     0               0       285,000       0.020       5,670       285,000       0.020       5,670       73 %     299,800       0.021       6,310  
Twin Creeks, Nevada
    100 %     9,300       0.097       900       40,900       0.072       2,950       50,200       0.077       3,850       80 %     51,700       0.077       3,960  
Turquoise Ridge, Nevada(4)
    25 %     1,100       0.480       550       1,500       0.527       810       2,600       0.507       1,360       92 %     2,600       0.500       1,330  
Nevada In-Process(5)
    100 %     33,800       0.021       730       0               0       33,800       0.021       730       65 %     36,000       0.026       940  
Nevada Stockpiles(6)
    100 %     27,000       0.079       2,140       2,500       0.028       70       29,500       0.075       2,210       79 %     34,200       0.072       2,460  
Total Nevada
            100,600       0.075       7,560       570,200       0.037       20,950       670,800       0.042       28,510       77 %     639,300       0.044       28,090  
La Herradura, Mexico
    44 %     46,100       0.019       900       47,100       0.019       880       93,200       0.019       1,780       66 %     76,100       0.025       1,890  
TOTAL NORTH AMERICA
            146,700       0.058       8,460       617,300       0.035       21,830       764,000       0.040       30,290       77 %     715,400       0.044       29,980  
SOUTH AMERICA
                                                                                                               
Conga, Peru(7)
    51.35 %     0               0       317,200       0.019       6,080       317,200       0.019       6,080       79 %     317,200       0.019       6,080  
Yanacocha Open Pits(8)
    51.35 %     7,800       0.035       270       123,700       0.036       4,480       131,500       0.036       4,750       69 %     207,500       0.030       6,150  
Yanacocha In-Process(5)
    51.35 %     26,400       0.025       660       0               0       26,400       0.025       660       74 %     20,800       0.026       530  
Total Yanacocha, Peru
            34,200       0.027       930       123,700       0.036       4,480       157,900       0.034       5,410       69 %     228,300       0.029       6,680  
Kori Kollo, Bolivia(9)
    88 %     0               0       0               0       0               0               11,500       0.017       190  
La Zanja, Peru(10)
    46.94 %     0               0       18,800       0.018       340       18,800       0.018       340       67 %     0               0  
TOTAL SOUTH AMERICA
            34,200       0.027       930       459,700       0.024       10,900       493,900       0.024       11,830       74 %     557,000       0.023       12,950  
ASIA PACIFIC
                                                                                                               
Batu Hijau Open Pit(11)
    52.44 %     201,100       0.015       2,970       167,700       0.005       810       368,800       0.010       3,780       76 %     348,800       0.011       3,680  
Batu Hijau Stockpiles(6)(11)
    52.44 %     0               0       193,800       0.004       720       193,800       0.004       720       70 %     131,400       0.003       410  
Total Batu Hijau, Indonesia
    52.44 %     201,100       0.015       2,970       361,500       0.004       1,530       562,600       0.008       4,500       75 %     480,200       0.009       4,090  
Boddington, Western Australia(12)
    100.00 %     184,600       0.025       4,640       781,800       0.021       16,320       966,400       0.022       20,960       82 %     583,200       0.023       13,370  
Jundee, Western Australia
    100 %     4,100       0.065       260       3,300       0.273       910       7,400       0.159       1,170       90 %     6,300       0.202       1,270  
Kalgoorlie Open Pit and Underground
    50 %     21,200       0.061       1,280       39,600       0.062       2,470       60,800       0.062       3,750       85 %     63,700       0.062       3,970  
Kalgoorlie Stockpiles(6)
    50 %     14,300       0.031       440       0               0       14,300       0.031       440       78 %     14,400       0.031       450  
Total Kalgoorlie, Western Australia
    50 %     35,500       0.049       1,720       39,600       0.062       2,470       75,100       0.056       4,190       84 %     78,100       0.056       4,420  
Tanami, Northern Territories
    100 %     5,200       0.160       830       7,900       0.102       810       13,100       0.125       1,640       96 %     11,500       0.129       1,480  
Waihi, New Zealand
    100 %     0               0       4,000       0.101       410       4,000       0.101       410       90 %     2,900       0.124       360  
TOTAL ASIA PACIFIC
            430,500       0.024       10,420       1,198,100       0.019       22,450       1,628,600       0.020       32,870       82 %     1,162,200       0.022       24,990  
AFRICA
                                                                                                               
Ahafo Open Pits(13)
    100 %     0               0       128,700       0.068       8,810       128,700       0.068       8,810       87 %                        
Ahafo Stockpiles(6)
    100 %     9,300       0.034       320       0               0       9,300       0.034       320       87 %                        
Total Ahafo, Ghana
    100 %     9,300       0.034       320       128,700       0.068       8,810       138,000       0.066       9,130       87 %     125,100       0.075       9,380  
Akyem, Ghana(14)
    100 %     0               0       147,200       0.052       7,660       147,200       0.052       7,660       89 %     147,200       0.052       7,660  
TOTAL AFRICA
            9,300       0.034       320       275,900       0.060       16,470       285,200       0.059       16,790       88 %     272,300       0.063       17,040  
TOTAL NEWMONT WORLDWIDE
            620,700       0.032       20,130       2,551,000       0.028       71,650       3,171,700       0.029       91,780       80 %     2,706,900       0.031       84,960  

(1)
Reserves are calculated at a gold price of US$800, A$1000, or NZ$1,200 per ounce unless otherwise noted. 2008 reserves were calculated at a gold price of  US$725, A$850, or NZ$1,000  per ounce unless otherwise noted.  Tonnage amounts have been rounded to the nearest 100,000 unless they are less than 50,000, and gold ounces have been rounded to the nearest 10,000.
(2)
Includes undeveloped reserves at the Emigrant deposits for combined total undeveloped reserves of 1.2 million ounces.
(3)
Also contains reserves of 4.6 million ounces of silver with a metallurgical recovery of 88%.
(4)
Reserve estimates provided by Barrick, the operator of the Turquoise Ridge Joint Venture.
(5)
In-process material is the material on leach pads at the end of each year from which gold remains to be recovered.  In-process material reserves are reported separately where tonnage or contained ounces are greater than 5% of the total site-reported reserves and contained ounces are greater than 100,000.
(6)
Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills.  Stockpiles increase or decrease depending on current mine plans.  Stockpile reserves are reported separately where tonnage or contained ounces are greater than 5% of the total site-reported reserves and contained ounces are greater than 100,000.
(7)
Deposit is currently undeveloped.
(8)
Reserves include the currently undeveloped deposit at Tapado Oeste (formerly called Corimayo), which contains undeveloped reserves of 1.2 million equity ounces.
(9)
Newmont divested its interest in Kori Kollo in July 2009.
(10)
Reserves estimates were provided by Buenaventura, the operator of the La Zanja project.
(11)
Percentage reflects Newmont's economic interest at December 31, 2009.  In November and December 2009 our economic interest increased from 45% to 52.44% as a result of transactions with a noncontrolling partner, partially offset by divestiture required under the Contract of Work.
(12)
Newmont acquired the remaining 33.33% of Boddington from AngloGold in June 2009.
(13)
Includes undeveloped reserves at Amoma, Yamfo South, Yamfo Central, Techire West, Subenso South, Subenso North, Yamfo Northeast, and Susuan totaling 3.7 million ounces.
(14)
Deposit is undeveloped.
 
 
Page 4 of 7
 


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

 
 
 
 
Equity Copper Reserves(1)
 
December 31, 2009
 
                                                                     
December 31, 2008
 
         
Proven Reserves
   
Probable Reserves
   
Proven + Probable Reserves
         
Proven + Probable Reserve
 
Deposits/Districts
 
Newmont
   
Tonnage
   
Grade
   
Copper
   
Tonnage
   
Grade
   
Copper
   
Tonnage
   
Grade
   
Copper
   
Metallurgical
   
Tonnage
   
Grade
   
Copper
 
   
share
   
(000 tons)
   
(Cu%)
   
(million pounds)
   
(000 tons)
   
(Cu%)
   
(million pounds)
   
(000 tons)
   
(Cu%)
   
(million pounds)
   
Recovery
   
(000 tons)
   
(Cu%)
   
(million pounds)
 
NORTH AMERICA
                                                                                   
Phoenix, Nevada
    100 %     0             0       287,500       0.16 %     900       287,500       0.16 %     900       61 %     302,000       0.15 %     890  
TOTAL NORTH AMERICA
            0             0       287,500       0.16 %     900       287,500       0.16 %     900       61 %     302,000       0.15 %     890  
SOUTH AMERICA                                                                                                              
Conga, Peru(2)
    51.35 %     0             0       317,200       0.26 %     1,660       317,200       0.26 %     1,660       85 %     317,200       0.26 %     1,660  
TOTAL SOUTH AMERICA             0             0       317,200       0.26 %     1,660       317,200       0.26 %     1,660       85 %     317,200       0.26 %     1,660  
ASIA PACIFIC
                                                                                           
Batu Hijau(3)
    52.44 %     201,100       0.51 %     2,070       167,700       0.32 %     1,060       368,800       0.42 %     3,130       77 %     348,800       0.44 %     3,060  
Batu Hijau, Stockpiles(3)(4)
    52.44 %     0               0       193,800       0.36 %     1,390       193,800       0.36 %     1,390       66 %     131,400       0.34 %     890  
Batu Hijau, Indonesia
    52.44 %     201,100       0.51 %     2,070       361,500       0.34 %     2,450       562,600       0.40 %     4,520       74 %     480,200       0.41 %     3,950  
Boddington, Western Australia (5)
    100.00 %     184,600       0.11 %     400       781,800       0.10 %     1,640       966,400       0.11 %     2,040       84 %     583,200       0.11 %     1,280  
TOTAL ASIA PACIFIC
            385,700       0.32 %     2,470       1,143,300       0.18 %     4,090       1,529,000       0.21 %     6,560       77 %     1,063,400       0.25 %     5,230  
TOTAL NEWMONT WORLDWIDE
            385,700       0.32 %     2,470       1,748,000       0.19 %     6,650       2,133,700       0.21 %     9,120       77 %     1,682,600       0.23 %     7,780  
 
(1)
Reserves are calculated at US$2.00 or A$2.40 per pound copper price unless otherwise noted.  2008 reserves were also calculated at US$2.00 or A$2.40 per pound copper price unless otherwise noted.  Tonnage amounts have been rounded to the nearest 100,000 and pounds have been rounded to the nearest 10 million.
(2)
Deposit is undeveloped.
(3)
Percentage reflects Newmont's economic interest at December 31, 2009.  In November and December 2009 our economic interest increased from 45% to 52.44% as a result of transactions with a noncontrolling partner, partially offset by divestiture required under the Contract of Work.
(4)
Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material.  Stockpiles increase or decrease depending on current mine plans.  Stockpiles are reported separately where tonnage or contained metal are greater than 5% of the total site reported reserves.
(5)
Newmont acquired the remaining 33.33% of Boddington from AngloGold in June 2009.
 
Equity Copper Mineralized Material Not in Reserves(1)(2)
 
December 31, 2009
 
Deposits/Districts
       
Measured Material
   
Indicated Material
   
Measured + Indicated Material
   
Inferred Material
 
   
Newmont
   
Tonnage
   
Grade
   
Tonnage
   
Grade
   
Tonnage
   
Grade
   
Tonnage
   
Grade
 
   
Share
   
(000 tons)
   
(Cu%)
   
(000 tons)
   
(Cu%)
   
(000 tons)
   
(Cu%)
   
(000 tons)
   
(Cu%)
 
NORTH AMERICA
                                                     
Phoenix, Nevada
    100 %     0       0.00 %     199,687       0.18 %     199,687       0.18 %     91,815       0.23 %
TOTAL NORTH AMERICA
                            199,687       0.18 %     199,687       0.18 %     91,815       0.23 %
SOUTH AMERICA
                                                                       
Conga, Peru
    51.35 %     0       0.00 %     58,000       0.18 %     58,000       0.18 %     79,000       0.17 %
TOTAL SOUTH AMERICA
                            58,000       0.18 %     58,000       0.18 %     79,000       0.17 %
ASIA PACIFIC
                                                                       
Batu Hijau, Indonesia (3)
    52.44 %     25,400       0.42 %     148,400       0.31 %     173,800       0.32 %     81,300       0.22 %
Boddington, Western Australia (4)
    100.00 %     20,600       0.08 %     344,200       0.10 %     364,800       0.09 %     292,900       0.10 %
TOTAL ASIA PACIFIC
            46,000       0.27 %     492,600       0.16 %     538,600       0.17 %     374,200       0.13 %
TOTAL NEWMONT WORLDWIDE
            46,000       0.27 %     750,287       0.17 %     796,287       0.17 %     545,015       0.15 %

(1)
Mineralized material is reported exclusive of reserves.
(2)
Mineralized material calculated at a copper price of US$2.50 or A$3.00 per pound unless otherwise noted.  2008 mineralized material was also calculated at a copper price of US$2.50 or A$3.00 per pound.  Tonnage amounts have been rounded to the nearest 100,000.
(3)
Percentage reflects Newmont's economic interest at December 31, 2009.  In November and December 2009 our economic interest increased from 45% to 52.44% as a result of transactions with a noncontrolling partner, partially offset by divestiture required under the Contract of Work.
(4)
Newmont acquired the remaining 33.33% of Boddington from AngloGold in June 2009.
 
 
Page 6 of 7
 

 
 
 
 
To view more detailed financial disclosure, including regional mine statistics, Results of Consolidated Operations, Liquidity and Capital Resources, Management’s Discussion & Analysis, relevant Risk Factors, and a complete outline of the 2009 Operating and Financial guidance by region, please see the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 25, 2010, available at www.newmont.com.

The Company’s fourth quarter and year-end earnings conference call and web cast presentation will be held on Thursday, February 25, 2010 beginning at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time).  To participate:

Dial-In Number
800.779.3178
Intl Dial-In Number
415.228.4957
Leader
John Seaberg
Passcode
Newmont
Replay Number
866.451.8896
Intl Replay Number
203.369.1202
Replay Passcode
2010
 
The conference call also will be simultaneously carried on our web site at www.newmont.com under Investor Relations/Presentations and will be archived there for a limited time.
 
Investor Contacts
       
John Seaberg
 
303.837.5743
 
john.seaberg@newmont.com
         
Media Contacts
       
Omar Jabara
 
303.837.5114
 
omar.jabara@newmont.com 
 
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, which are intended to be covered by the safe harbor created by such sections and other applicable laws.  Such forward-looking statements include, without limitation: (i) estimates of future mineral production and sales; (ii) estimates of future costs applicable to sales, other expenses and taxes, for specific operations and on a consolidated basis; (iii) estimates of future capital expenditures, construction, production or closure activities; (iv) statements regarding future exploration expenditures, results and reserves; (v) statements regarding fluctuations in capital and currency markets; (vi) statements regarding potential cost savings, productivity, operating performance, and cost structure; (vii) expectations regarding the ramp-up, mine life, production and costs applicable to sales and exploration potential of Boddington and the Company’s other projects; and (viii) expectations regarding the impacts of operating, technical or geotechnical issues in connection with the Company’s projects or operations.  Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis.  However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements.  Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks in the countries in which we operate, and governmental regulation and judicial outcomes.  For a more detailed discussion of such risks and other factors, see the Company’s 2009 Annual Report on Form 10-K, filed on February 25, 2010, 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.
 
 
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