Exhibit 99.1

Newmont Announces Second Quarter 2013 Results

Consolidated spending¹ down $362 million or 10% vs. first half of 2012; 2013 capital expenditure guidance lowered by $200 million in total

This release should be read in conjunction with Newmont’s Second Quarter 2013 Form 10-Q filed with the Securities and Exchange Commission on July 25, 2013 (available at www.newmont.com).

DENVER--(BUSINESS WIRE)--July 25, 2013--Newmont Mining Corporation (NYSE: NEM) (“Newmont” or the “Company”) today reported quarterly revenues of $2.0 billion and cash flow from continuing operations of $293 million, or $0.59 per basic share. A non-cash impairment charge, primarily related to the impact of lower gold and copper prices on long-term assets at Boddington and Tanami, as well as stockpiles and ore on leach pads, resulted in a net loss attributable to stockholders of $2.0 billion, or $4.06 per basic share.

“I am pleased with our progress to improve our costs and operating efficiencies across our portfolio, which has resulted in a $362 million reduction in year-to-date spending compared to the first half of 2012,” said Gary Goldberg, President and Chief Executive Officer. “We are also on track to reduce our corporate work force by more than one-third, with similar efforts underway at our regional offices. At our operations, we performed in line with our plans. Excluding non-cash asset write-downs, we remain on track with our original outlook for gold and copper production, costs applicable to sales and all-in sustaining costs,” Goldberg added.

Second Quarter Financial Highlights²

• Revenues of $2.0 billion;
• Attributable gold and copper production of 1.167 million ounces and 34 million pounds, down 1% and 11%, respectively, from the prior year quarter; attributable gold and copper sales of 1.213 million ounces and 37 million pounds, up 6% and 23%, respectively, from the prior year quarter;
• Consolidated spending¹ down $362 million year-to-date compared to the first half of 2012;
• All-in sustaining costs³ of $1,136 per ounce, excluding stockpile write-downs or $1,548 per ounce, reflecting stockpile write-downs;
• Gold and copper costs applicable to sales (“CAS”)⁴ of $724 per ounce and $2.53 per pound, excluding stockpile write-downs, or $885 per ounce and $8.53 per pound reflecting stockpile write-downs;
• Average realized gold and copper prices of $1,386 per ounce and $2.66 per pound, respectively;
• Cash flow from continuing operations of $293 million or $732 million year-to-date;
• Dividends paid of $174 million;
• Maintaining full year 2013 attributable gold and copper production outlook⁵ of 4.8 – 5.1 million ounces and 150 – 170 million pounds, respectively;
• Maintaining annual gold CAS outlook of $675 to $750 per ounce, excluding stockpile write-downs, or adjusted to $750 to $825 per ounce, including stockpile write-downs; and
• As previously announced, Newmont’s Board of Directors approved a third quarter gold price-linked dividend of $0.25 per share⁶ based upon the average London P.M. Gold Fix for the second quarter.

Impairments

As a result of lower gold and copper prices and in accordance with US GAAP, second quarter net income was adjusted by $1.8 billion, net of taxes and minority interest, for impairments and revaluation. Of that amount, $272 million, net of tax and minority interest, is related to impairments of stockpiles and ore on leach pads. The remaining $1.5 billion, net of tax, is related to impairments of property, plant and mine development and other long-term assets at Boddington and Tanami in Australia. These charges do not impact the Company’s cash flow and are considered one-time charges.

Operations

North America

Nevada – Attributable gold production in Nevada was 383,000 ounces, an increase of 1% from the prior year quarter due to new production from Emigrant as well as higher grade and throughput at Phoenix essentially offset by lower tons and grade at Midas, lower grade and recovery at Mill 5, and lower grade at Mill 6. CAS was $691 per ounce during the second quarter, a decrease of 4% due to higher ounces sold. All-in sustaining costs at Nevada were $975 for the quarter.

The Company continues to expect 2013 attributable gold production of between 1.7 million and 1.8 million ounces at CAS of $600 to $650 per ounce.

La Herradura – Attributable gold production at La Herradura in Mexico was 54,000 ounces at CAS of $784 per ounce during the second quarter. Gold production decreased 8% from the prior year quarter due to lower leach recoveries. CAS per ounce increased 38% due to higher waste mining and lower production. All-in sustaining costs at La Herradura were $1,815 per ounce for the quarter.

Due to a pending land dispute between Fresnillo PLC (“Fresnillo”) and certain members of a community in the state of Sonora, Mexico, Fresnillo is now projecting up to 50,000 fewer ounces of production than forecasted from the Soledad and Dipolos mines for 2013, which translates to approximately 22,000 fewer ounces attributable to Newmont. Consequently, the Company now expects 2013 attributable gold production of between 200,000 and 250,000 ounces at CAS of $650 to $700 per ounce.

South America

Yanacocha – Attributable gold production at Yanacocha in Peru was 150,000 ounces at CAS of $662 per ounce during the second quarter. Gold production decreased 25% from the prior year quarter due to lower mill and leach production associated with the completion of mining at El Tapado in July of 2012. CAS per ounce increased 42% due to a leach pad write-down of $163 per ounce as a result of lower gold prices and lower silver by-product credits. All-in sustaining costs were $966 per ounce for the second quarter. Excluding the impact of the stockpile write-downs, all-in sustaining costs were $803 per ounce for the quarter.

The Company continues to expect 2013 attributable gold production of between 475,000 and 525,000 ounces. The Company now expects CAS of $650 to $700 per ounce including stockpile write-downs. Excluding these write-downs, the Company continues to expect CAS of $600 to $650 per ounce.

La Zanja – Attributable gold production during the second quarter at La Zanja in Peru was 17,000 ounces.

The Company continues to expect 2013 attributable gold production of between 40,000 and 50,000 ounces.

Australia/New Zealand

Boddington – Attributable gold and copper production during the second quarter at Boddington in Australia was 171,000 ounces and 16 million pounds, respectively, at CAS of $1,307 per ounce and $3.25 per pound, respectively. Gold and copper production decreased 5% and 11%, respectively, due to lower mill throughput partially offset by higher gold mill grade. Gold CAS increased 38% per ounce due to a stockpile write-down of $363 per ounce as a result of lower gold prices. Copper CAS increased 16% per pound due to a stockpile write-down of $0.85 per pound as a result of lower copper prices. All-in sustaining costs at Boddington were $1,534 per ounce for the quarter. Excluding the impact of the stockpile write-down, all-in sustaining costs were $1,088 per ounce for the quarter.

The Company continues to expect 2013 attributable gold and copper production of between 700,000 and 750,000 ounces and 70 and 80 million pounds, respectively. The Company now expects gold and copper CAS of $1,050 to $1,150 per ounce, and $2.75 to $2.95 per pound, including stockpile write-downs. Excluding these write-downs, the Company continues to expect CAS of $850 to $950 per ounce and $2.45 to $2.65 per pound.

Other Australia/New Zealand – Attributable gold production⁷ during the second quarter was 247,000 ounces at CAS of $1,124 per ounce. Gold production increased 17% from the prior year quarter due to higher mill throughput at Waihi as a result of a mill shutdown in the prior year quarter and higher mill throughput and ore grade from underground sources at Tanami partially offset by lower grade at Jundee and Kalgoorlie. CAS per ounce increased 28% due to a stockpile write-down of $200 per ounce as a result of lower gold prices, the remaining increase in cost is due to higher mining costs at Jundee. All-in sustaining costs were $1,417 per ounce for the quarter. Excluding the impact of the stockpile write-downs, all-in sustaining costs were $1,217 per ounce for the quarter.

The Company continues to expect 2013 attributable gold production of between 925,000 and 975,000 ounces. The Company now expects CAS of $1,000 to $1,100 per ounce including stockpile write-downs. Excluding these write-downs, the Company continues to expect CAS of $950 to $1,050 per ounce.

Indonesia

Batu Hijau – Attributable gold and copper production during the second quarter at Batu Hijau in Indonesia was 6,000 ounces and 18 million pounds, respectively, at CAS of $5,299 per ounce and $11.23 per pound, respectively. Gold and copper production decreased 25% and 10%, respectively, due to processing lower grade stockpile ore and lower mill throughput. CAS increased 462% per ounce and 410% per pound due to stockpile write-downs of $4,083 per ounce and $8.63 per pound as a result of lower gold and copper prices, respectively, and lower production.

The Company continues to expect 2013 attributable gold and copper production of between 20,000 and 30,000 ounces and 75 and 90 million pounds. Excluding write-downs, the Company continues to expect CAS of $900 to $1,000 per ounce and $2.20 to $2.40 per pound.

Africa

Ahafo – Attributable gold production during the second quarter at Ahafo in Ghana was 139,000 ounces at CAS of $596 per ounce. Gold production increased 5% from the prior year quarter due to higher mill throughput and recovery, a drawdown of in-process inventory partially offset by lower grade. CAS per ounce increased 2% from the prior year quarter due to higher labor costs and higher power costs partially offset by higher production and lower diesel costs associated with shorter haul distance. All-in sustaining costs at Ahafo were $944 per ounce for the quarter.

The Company continues to expect 2013 attributable gold production at Ahafo of between 525,000 and 575,000 ounces at CAS of $550 to $600 per ounce.

Capital Update

Capital expenditures in North America during the first half of 2013 were primarily related to the construction of the Phoenix Copper Leach project, the development of the Turf Vent Shaft project, surface and underground mine development in both Nevada and Mexico and infrastructure improvements in Nevada. Capital expenditures in South America were primarily related to the Conga and Merian projects, surface mine and leach pad development and equipment purchases. The majority of capital expenditures in Australia and New Zealand were for underground mine development, tailings facility construction, mining equipment purchases and infrastructure improvements. Capital expenditures in Batu Hijau were primarily for equipment and equipment component purchases. Capital expenditures in Africa were primarily related to Akyem development and the Subika expansion project, equipment purchases and surface mine development at Ahafo. The Company further reduced its 2013 consolidated capital expenditures by another $100 million during the quarter in addition to the $100 million reduced earlier this year, and now expects consolidated capital expenditure outlook to be $2,200 to $2,400 ($1,900 to $2,100 attributable to Newmont).

Approximately 40% of our 2013 capital expenditures will be allocated as development capital for Akyem, Phoenix Copper Leach, Turf Vent Shaft, Yanacocha Bio Leach, Conga, Merian, Ahafo Mill Expansion, and other expansion projects in Nevada and at La Herradura. The remaining 60% is expected to be spent on sustaining capital. Additional capital investment is also possible at the Merian project in Suriname pending the outcome of further dialogue with the government and project economic evaluation.

2013 Outlook⁸

Supplemental Information

Non-GAAP Financial Measures

Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by generally accepted accounting principles (“GAAP”). These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.

Reconciliation of Adjusted Net Income (loss) to GAAP Net Income (loss)

Management of the Company uses Adjusted net income (loss) to evaluate the Company’s operating performance, and for planning and forecasting future business operations. The Company believes the use of Adjusted net income (loss) allows investors and analysts to compare results of the continuing operations of the Company and its direct and indirect subsidiaries relating to the production and sale of minerals to similar operating results of other mining companies, by excluding exceptional or unusual items. Management’s determination of the components of Adjusted net income (loss) are evaluated periodically and based, in part, on a review of non-GAAP financial measures used by mining industry analysts.

Net income (loss) attributable to Newmont stockholders is reconciled to Adjusted net income (loss) as follows:

Net income (loss) attributable to Newmont stockholders for the three and six months ended June 30, 2013 was impacted by stockpile and leach pad write-downs of $272 and $275, respectively, net of tax and minority interest, which is not reflected in the table above.

CAS per Ounce/Pound

CAS per ounce/pound are non-GAAP financial measures. These measures are calculated by dividing the CAS of gold and copper by gold ounces or copper pounds sold, respectively. These measures are calculated on a consistent basis for the periods presented on both a consolidated and attributable to Newmont basis. Attributable CAS is based on our economic interest in production from our mines. For operations where we hold less than a 100% economic share in the production, we exclude the share of gold or copper production attributable to the non-controlling interest. We include attributable CAS per ounce/pound to provide management, investors and analysts with information with which to compare our performance to other gold producers. CAS per ounce/pound statistics are intended to provide additional information only and do not have any standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The measures are not necessarily indicative of operating profit or cash flow from operations as determined under GAAP. Other companies may calculate these measures differently.

Net attributable CAS per ounce measures the benefit of copper produced in conjunction with gold, as a credit against the cost of producing gold. A number of other gold producers present their costs net of the contribution from copper and other non-gold sales. We believe that including a measure of this basis provides management, investors and analysts with information with which to compare our performance to other gold producers, and to better assess the overall performance of our business. In addition, this measure provides information to enable investors and analysts to understand the importance of non-gold revenues to our cost structure.

All-In Sustaining Costs

The World Gold Council (“WGC”) is a non-profit association of the world’s leading gold mining companies, established in 1987 to promote the use of gold from industry, consumers and investors. The WGC has worked with its member companies to develop a metric that expands on GAAP measures such as cost of goods sold and non-GAAP measures to provide visibility into the economics of a gold mining company regarding its expenditures, operating performance and the ability to generate cash flow from operations. Newmont is a member company of the WGC and has been working with the fellow members and the WGC to develop an all-in sustaining cash cost measure. In June 2013, WGC’s Board approved the “all-in sustaining cash-cost non-GAAP measure” as a measure to increase investor’s visibility by better defining the total costs associated with producing gold. The WGC is not a regulatory industry organization and does not have the authority to develop accounting standards or disclosure requirements.

Current GAAP-measures used in the gold industry, such as cost of goods sold, do not capture all of the expenditures incurred to discover, develop, and sustain gold production. Therefore, we believe that all-in sustaining costs and attributable all-in sustaining costs are non-GAAP measures that provide additional information to management, investors, and analysts that aid in the understanding of the economics of our operations and performance compared to other gold producers.

All-in sustaining costs amounts are intended to provide additional information only and do not have any standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The measures are not necessarily indicative of operating profit or cash flow from operations as determined under GAAP. Other companies may calculate these measures differently as a result of differences in the underlying accounting principles and policies applied, in accounting frameworks such as International Financial Reporting Standards (“IFRS”). Differences may also arise related to a different definition of sustaining versus development capital activities based upon each company’s internal policy.

In determining All-in sustaining costs, the cost associated with producing and selling an ounce of gold is reduced by the benefit received from the sale of copper pounds. This is consistent with how we determine “Net attributable costs applicable to sales” per ounce. We determined “sustaining capital” as those capital expenditures that are necessary to maintain current production and execute the current mine plan. Capital expenditures to develop new operations or related to projects at existing operations where these projects will enhance production or reserves are considered development. All other costs related to existing operations are considered sustaining and are included in our All-in sustaining cost non-GAAP financial measure. These costs include the income statement line items Costs applicable to sales, General and administrative, Exploration, Advanced projects, research and development and Other expense, net. However, we exclude certain expenses from Other expense, net to be consistent with the adjustments made to Net income (loss) as disclosed in the Company’s non-GAAP financial measure Adjusted net income (loss), above. In addition we add in remediation costs and sustaining capital expenditures. The sum of these costs, less copper sales is divided by gold ounces sold to determine a per ounce amount. Attributable all-in sustaining costs are based on our economic interest in production from our mines. For operations where we hold less than a 100% economic share in the production, we exclude the share of gold or copper production attributable to the noncontrolling interest.

The following tables reconcile these non-GAAP measures to the most directly comparable GAAP measures:

Conference Call Information

A conference call will be held on Friday, July 26, 2013 at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time); it will also be carried on the Company's website.

The second quarter 2013 results and related financial and statistical information will be available after the market close on Thursday, July 25, 2013 on the “Investor Relations” section of the Company’s web site, www.newmont.com. Additionally, the conference call will be archived for a limited time on the Company’s website.

Cautionary Statement Regarding Forward Looking Statements, Including 2013 Outlook:

This 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 may include, without limitation: (i) estimates of future production and sales; (ii) estimates of future costs applicable to sales; (iii) estimates of future consolidated and attributable capital expenditures, and all-in sustaining cost; (iv) plans and expectations to reduce costs and expenditures; and (v) expectations regarding the development, growth and exploration potential of the Company’s projects. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company’s projects being consistent with current expectations and mine plans; (iii) political developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar to the U.S. dollar, as well as other the exchange rates being approximately consistent with current levels; (v) certain price assumptions for gold, copper and oil; (vi) prices for key supplies being approximately consistent with current levels; and (vii) the accuracy of our current mineral reserve and mineral resource estimates. 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, such 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 the “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, community relations, conflict resolution and outcome of projects or oppositions and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s 2012 Annual Report on Form 10-K, filed on February 22, 2013, with the Securities and Exchange Commission, as well as the Company’s other SEC filings. Investors are encouraged to review this release in conjunction with the Form 10-Q for the second quarter expected to be filed on or around July 25, 2013. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, 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. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors' own risk.

CONTACT:
Newmont Mining Corporation
Investor Contacts
John Seaberg, 303-837-5743
john.seaberg@newmont.com
or
Allysa Howell, 303-837-6049
allysa.howell@newmont.com
or
Media Contacts
Omar Jabara, 303-837-5114
omar.jabara@newmont.com
or
Diane Reberger, 303-967-9455
diane.reberger@newmont.com