Newmont Announces Quarterly Revenue of $2.5 Billion, Cash Flow from Continuing Operations of $578 Million

Newmont Announces Quarterly Revenue of $2.5 Billion, Cash Flow from Continuing 
Operations of $578 Million 
This release should be read in conjunction with Newmont's Third Quarter 2012 
Form 10-Q filed with the Securities and Exchange Commission on November 1, 
2012 (available at www.newmont.com). 
DENVER, Nov. 1, 2012 /CNW/ - Newmont Mining Corporation (NYSE: NEM) ("Newmont" 
or the "Company") today reported attributable net income from continuing 
operations of $400 million, or $0.81 per share, down 19% from $493 million, or 
$1.00 per share in the third quarter of 2011. Results for the third quarter of 
2012 compared to the third quarter of 2011 were positively influenced by 
higher production from Nevada and at Yanacocha. Revenue from product sales 
also benefited from higher copper prices in the quarter. Results were also 
impacted by lower production and higher costs at Batu Hijau, (due to planned 
Phase 6 stripping), as well as previously announced lower ore tonnes and grade 
mined at Tanami and slightly lower grade at Ahafo due to mine sequencing. In 
addition, the Company incurred previously announced restructuring and other 
charges of $48 million. Adjusted net income(([1]))( )was $426 million, or 
$0.86 per share, compared with $635 million, or $1.29 per share, for the prior 
year quarter. 
Quarterly Results 


    --  Consolidated revenue of $2.5 billion, a decrease of 10% from
        the prior year quarter;
    --  Average realized gold and copper price of $1,659 per ounce and
        $3.55 per pound, down 2% and up 21%, respectively, from the
        prior year quarter;
    --  Attributable gold and copper production of 1.2 million ounces
        and 35 million pounds, down 5% and 38%, respectively, from the
        prior year quarter; attributable gold and copper sales of 1.2
        million ounces and 37 million pounds, down 4% and 27%,
        respectively, from the prior year quarter;
    --  Gold and copper costs applicable to sales ("CAS") of $693 per
        ounce and $2.38 per pound, up 11% and 116%, respectively, from
        the prior year quarter;
    --  Cash flow from continuing operations of $578 million, down 54%
        from the prior year quarter; and
    --  Fourth quarter gold price-linked dividend payable of $0.35 per
        share, consistent with the prior year quarter.

"Balanced performance from our operating portfolio allowed us to deliver 
results that were on track with our expectations for the quarter with strong 
performances at both our Nevada complex in North America and Yanacocha in Peru 
offset by weaker performance in our Asia Pacific region, primarily at 
Boddington and Tanami in Australia," said Richard O'Brien, Chief Executive 
Officer.  "We are also seeing clear progress on our commitment to deliver 
profitable ounces from new projects including our Akyem project in Ghana, 
which is 65% complete and proceeding on budget and on schedule to begin 
production in late 2013, and in Nevada where our Emigrant mine commenced 
production this quarter."

Newmont now expects to be at the low end of its previously announced 2012 
outlook for attributable gold and copper production of 5.0 to 5.1 million 
ounces and 145 to 165 million pounds, and at the high end of its narrower CAS 
outlook range of between $650 and $675 per ounce (on a co-product basis), due 
to previously announced issues at Tanami, Boddington and Waihi.  Newmont also 
increased its 2012 copper CAS outlook range to between $2.20 and $2.35 per 
pound, primarily due to higher cost production from Boddington and Batu Hijau 
in Indonesia.

Newmont is maintaining its 2012 attributable capital expenditure outlook of 
$2.7 to $3.0 billion, or $3.0 to $3.3 billion on a consolidated basis.

As previously announced, Newmont's Board of Directors approved a fourth 
quarter gold price-linked dividend payable of $0.35 per share[2] based upon 
the average London P.M. Gold Fix for the third quarter.

Operations

North America

Nevada – Attributable gold production in Nevada was 457,000 ounces at CAS of 
$661 per ounce during the third quarter. Gold production increased 7% from the 
prior year quarter due to higher mill grade at the Carlin Roaster, higher 
recovery at Mill 5 and higher leach placement as Emigrant commenced 
production, partially offset by lower grade at Phoenix. CAS per ounce 
increased 3% due to higher fuel prices, higher underground mining costs and 
lower capitalization of development costs, partially offset by higher 
by-product credits.

The Company is narrowing its outlook for 2012 attributable gold production of 
between 1.76 million and 1.78 million ounces at CAS of between $615 and $645 
per ounce.

La Herradura – Attributable gold production at La Herradura in Mexico was 
51,000 ounces at CAS of $608 per ounce during the third quarter.  Gold 
production decreased 6% from the prior year quarter due to smelter 
adjustments, partially offset by additional leach placement. Leach placement 
was higher due to additional tons mined at Noche Buena. CAS per ounce 
increased 6% due to higher waste mining and employee profit sharing costs.

The Company is maintaining its outlook for 2012 attributable gold production 
of between 220,000 and 230,000 ounces at a higher CAS of between $585 and $615 
per ounce, due to the expectation of mining lower grade material at Soledad 
and Dipolos due to mine sequencing.

South America

Yanacocha – Attributable gold production at Yanacocha in Peru was 182,000 
ounces at CAS of $520 per ounce during the third quarter. Gold production 
increased 8% from the prior year quarter due to higher mill and leach pad 
recovery, partially offset by lower leach placement at Yanacocha, Carachugo 
and La Quinua. CAS per ounce decreased 15% due to higher production and lower 
mining costs, partially offset by higher royalties and lower by-product 
credits.

The Company is narrowing its outlook for 2012 attributable gold production to 
between 680,000 and 690,000 ounces at CAS of between $485 and $515 per ounce.

La Zanja – Attributable gold production during the third quarter at La Zanja 
in Peru was approximately 14,000 ounces.

The Company is maintaining its outlook for 2012 attributable gold production 
of between 50,000 and 60,000 ounces.

Asia Pacific

Boddington – Attributable gold and copper production during the third 
quarter at Boddington in Australia was 166,000 ounces and 16 million pounds, 
respectively, at CAS of $928 per ounce and $2.29 per pound, respectively.  
Gold and copper production increased 1% and 7%, respectively, from the prior 
year quarter due to higher mill grade. Gold CAS per ounce increased 25% from 
the prior year quarter due to higher mill maintenance costs and the impact of 
the carbon tax, which took effect in July 2012. Copper CAS increased 2% per 
pound due to higher mill maintenance costs, partially offset by higher copper 
production. CAS per ounce and per pound were also impacted by a stronger 
Australian dollar, net of hedging gains.

The Company is reducing its outlook for 2012 attributable gold production to 
between 725,000 and 750,000 ounces due to unplanned mill downtime, at a higher 
CAS of between $865 and $895 per ounce due to higher mill maintenance costs. 
The Company is maintaining its outlook for attributable copper production of 
between 70 and 80 million pounds at a slightly higher CAS of between $2.25 and 
$2.40 per pound, due to higher mill maintenance costs.

Batu Hijau – Attributable gold and copper production during the third 
quarter at Batu Hijau in Indonesia was 7,000 ounces and 19 million pounds, 
respectively, at CAS of $1,115 per ounce and $2.38 per pound, respectively. 
Gold and copper production decreased 89% and 54%, respectively, due to 
processing lower grade stockpile ore. Waste tons mined increased 57% from the 
prior year quarter as Phase 6 waste removal continues as planned. CAS 
increased 134% per ounce and 164% per pound, respectively, due to lower 
production and higher waste mining costs.

The Company is maintaining its outlook for 2012 attributable gold production 
of between 30,000 and 40,000 ounces of gold at a higher CAS of between $955 
and $985 per ounce, due to higher waste mining costs. The Company is 
maintaining its outlook for attributable copper production of 75 to 85 million 
pounds at a slightly higher CAS of between $2.15 and $2.30 per pound, due to 
higher waste mining costs.

Other Australia/New Zealand – Attributable gold production during the third 
quarter was 222,000 ounces at CAS of $931 per ounce. Gold production decreased 
14% from the prior year quarter due to lower underground mining rates at 
Tanami, a delay in open pit ore production at Waihi and lower grade at Jundee 
and Kalgoorlie, partially offset by higher throughput at Jundee and higher 
grade at Tanami. CAS per ounce increased 36% from the prior year quarter due 
to lower production, higher operating costs, a stronger Australian dollar, net 
of hedging gains and the impact of the carbon tax in Australia.

The Company is reducing its outlook for 2012 attributable gold production to 
between 935,000 and 960,000 ounces due to continued lower tonnes mined at 
Tanami and Waihi, at a higher CAS of between $885 and $915 per ounce due to 
lower production.

Africa

Ahafo – Attributable gold production during the third quarter at Ahafo in 
Ghana was 131,000 ounces at CAS of $561 per ounce. Gold production decreased 
10% from the prior year quarter due to lower ore grade, partially offset by 
higher throughput and a drawdown of in-process inventory. CAS per ounce 
increased 12% from the prior year quarter due to lower production and higher 
labor costs, partially offset by lower power and mill maintenance costs.

The Company is maintaining its outlook for 2012 attributable gold production 
of between 555,000 to 570,000 ounces and narrowing its expected range of CAS 
to between $560 and $590 per ounce.

Capital Update

Consolidated capital expenditures were $811 million during the third quarter. 
Capital expenditures in North America were primarily related to the 
construction of the Phoenix secondary crusher and development of the Emigrant 
mine. Capital expenditures in South America were primarily related to the 
Conga and Merian projects, and the majority of capital expenditures in Asia 
Pacific were for surface and underground development. Capital expenditures in 
Africa were primarily related to the Akyem project. For the remainder of the 
year, 50% of 2012 consolidated capital expenditures are expected to be 
associated with major projects, while the remaining 50% is expected to be 
sustaining capital. Newmont is maintaining its 2012 attributable capital 
expenditure outlook to $2.7 to $3.0 billion, or $3.3 to $3.6 billion on a 
consolidated basis.

2012 Outlook
                Attributable  Consolidated  Consolidated  Attributable
                Production    CAS           Capital       Capital

Region          (Kozs, Mlbs)  ($/oz, $/lb)  Expenditures  Expenditures
                                            ($M)          ($M)



Nevada          1,760 - 1,780 $615 - $645   $750 - $800   $750 - $800

La Herradura    220 - 230     $585 - $615   $80 - $130    $80 - $130

North America   1,980 - 2,010 $615 - $645   $850 - $900   $850 - $900

Yanacocha       680 - 690     $485 - $515   $530 - $580   $270 - $310

La Zanja        50 - 60       n/a           -             -

Conga           -             -             $500 - $600   $250 - $300

South America   730 - 750     $485 - $515   $1,100 -      $550 - $600
                                            $1,200

Boddington      725 - 750     $865 - $895   $150 - $200   $150 - $200

Other           935 - 960     $885 - $915   $325 - $375   $325 - $375
Australia/NZ

Batu Hijau(d)   30 - 40       $955 - $985   $200 - $225   $100 - $125

Asia Pacific    1,690 - 1,750 $870 - $900   $700 - $800   $600 - $700

Ahafo           555 - 570     $560 - $590   $240 - $270   $240 - $270

Akyem           -             -             $370 - $420   $370 - $420

Africa          555 - 570     $560 -$590    $600 - $700   $600 - $700

Corporate/Other -             -             $55 - $65     $55 - $65

Total Gold      5,000 - 5,100 $650 - $675   $3,300 -      $2,700 -
                              (a,b)         $3,600 (c)    $3,000

Boddington      70 - 80       $2.25 - $2.40 -             -

Batu Hijau(d)   75 - 85       $2.15 - $2.30 -             -

Total Copper    145 - 165     $2.20 - $2.35

(a )2012 Attributable CAS Outlook is $640 - $690 per ounce.

(b )2012 Net Attributable CAS Outlook (inclusive of by-product
credits) is $600 - $650 per ounce.

(c )Includes capitalized interest of approximately $140 million.

(d )Assumes Batu Hijau economic interest of 48.5% for 2012,
subject to final divestiture obligations.

2012 Outlook and Assumptions

Description              Consolidated Expenses  Attributable Expenses
                         ($M)                   ($M)



General & Administrative $200 - $220            $200 - $220

Interest Expense         $240 - $260            $230 - $250

DD&A                     $1,050 - $1,080        $890 - $920

Exploration Expense      $370 - $400            $340 - $370

Advanced Projects & R&D  $410 - $440            $350 - $380

Tax Rate                 ~32%                   ~32%

Assumptions

Gold Price ($/ounce)     $1,500                 $1,500

Copper Price ($/pound)   $3.50                  $3.50

Oil Price ($/barrel)     $90                    $90

AUD Exchange Rate        $1.00                  1.00

NEWMONT MINING CORPORATION



CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(unaudited, in millions except per share)
                                 Three Months Ended  Nine Months Ended
                                 September 30,       September 30,
                                 2012      2011      2012      2011



Sales ( )                        $ 2,480   $ 2,744   $ 7,392   $ 7,593



Costs and expenses( )

 Costs applicable to sales ((1))   1,088     1,008     3,107     2,865

 Amortization ( )                  272       270       751       776

 Reclamation and remediation ( )   17        6         49        63

 Exploration ( )                   115       104       309       255

 Advanced projects, research and   74        93        258       247
 development ( )

 General and administrative ( )    51        50        162       145

 Other expense, net ( )            131       36        377       196
                                   1,748     1,567     5,013     4,547

Other income (expense)( )

 Other income, net ( )             52        (76)      121       3

 Interest expense, net ( )         (67)      (65)      (190)     (193)
                                   (15)      (141)     (69)      (190)

Income before income and mining    717       1,036     2,310     2,856
tax and other items( )

Income and mining tax expense      (228)     (371)     (746)     (863)
( )

Equity income (loss) of            (9)       10        (39)      12
affiliates ( )

Income from continuing             480       675       1,525     2,005
operations ( )

Loss from discontinued             (33)      -         (104)     (136)
operations ( )

Net income ( )                     447       675       1,421     1,869

Net income attributable to         (80)      (182)     (285)     (475)
noncontrolling interests ( )

Net income attributable to       $ 367     $ 493     $ 1,136   $ 1,394
Newmont stockholders ( )



Net income attributable to
Newmont stockholders:( )

  Continuing operations ( )      $ 400     $ 493     $ 1,240   $ 1,530

  Discontinued operations ( )      (33)      -         (104)     (136)
                                 $ 367     $ 493     $ 1,136   $ 1,394

Income per common share ( )

 Basic:( )

  Continuing operations ( )      $ 0.81    $ 1.00    $ 2.50    $ 3.10

  Discontinued operations ( )      (0.07)    -         (0.21)    (0.28)
                                 $ 0.74    $ 1.00    $ 2.29    $ 2.82

 Diluted:( )

  Continuing operations ( )      $ 0.81    $ 0.98    $ 2.48    $ 3.05

  Discontinued operations ( )      (0.07)    -         (0.21)    (0.27)
                                 $ 0.74    $ 0.98    $ 2.27    $ 2.78



Cash dividends declared per      $ 0.35    $ 0.30    $ 1.05    $ 0.65
common share ( )

((1)) Excludes Amortization and Reclamation and remediation.

NEWMONT MINING CORPORATION



CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited, in millions)
                  Three Months Ended   Nine Months Ended September
                  September 30,        30,
                  2012     2011        2012       2011


Operating
activities: 
Net income        $ 447    $ 675       $ 1,421    $ 1,869 
Adjustments: 
Amortization        272      270         751        776 
Loss from
discontinued        33       -           104        136
operations 
Reclamation and     17       6           49         63
remediation 
Deferred income     13       (68)        25         (106)
taxes 
Stock based
compensation and    19       18          55         62
other non-cash
benefits 
Impairment of
marketable          7        174         39         175
securities 
Gain on asset       (2)      (15)        (12)       (68)
sales, net 
Other operating
adjustments and     43       6           149        102
write-downs 
Net change in
operating assets    (271)    197         (1,039)    (343)
and liabilities 
Net cash
provided from       578      1,263       1,542      2,666
continuing
operations 
Net cash used in
discontinued        (4)      (2)         (12)       (4)
operations 
Net cash
provided from       574      1,261       1,530      2,662
operations 
Investing
activities: 
Additions to
property, plant     (816)    (761)       (2,394)    (1,781)
and mine
development 
Proceeds from
sale of             103      19          209        74
marketable
securities 
Purchases of
marketable          (13)     (2)         (209)      (17)
securities 
Acquisitions,       -        (10)        (22)       (2,301)
net 
Proceeds from
sale of other       -        -           13         6
assets 
Other               (11)     6           (48)       (9) 
Net cash used in
investing           (737)    (748)       (2,451)    (4,028)
activities 
Financing
activities: 
Proceeds from       -        1,023       3,343      1,798
debt, net 
Repayment of        (15)     (1,113)     (1,956)    (2,086)
debt 
Payment of
conversion          -                    (172)      -
premium on debt 
Dividends paid
to common           (174)    (148)       (521)      (321)
stockholders 
Dividends paid
to                  -        -           (3)        (17)
noncontrolling
interests 
Proceeds from
stock issuance,     5        27          20         35
net 
Other               (1)      3           (2)        3 
Net cash
provided from
(used in)           (185)    (208)       709        (588)
financing
activities 
Effect of
exchange rate       -        (25)        1          33
changes on cash 
Net change in
cash and cash       (348)    280         (211)      (1,921)
equivalents 
Cash and cash
equivalents at      1,897    1,855       1,760      4,056
beginning of
period 
Cash and cash
equivalents at    $ 1,549  $ 2,135     $ 1,549    $ 2,135
end of period 
NEWMONT MINING CORPORATION 
CONDENSED CONSOLIDATED BALANCE SHEETS 
(unaudited, in millions) 
                              At September 30,  At December 31, 
                              2012              2011 
 ASSETS 
Cash and cash equivalents         $ 1,549           $ 1,760 
Trade receivables                   314               300 
Accounts receivable                 470               320 
Investments                         89                94 
Inventories                         842               714 
Stockpiles and ore on leach pads    720               671 
Deferred income tax assets          251               396 
Other current assets                1,089             1,133 
 Current assets                     5,324             5,388 
Property, plant and mine            17,472            15,881
development, net 
Investments                         1,397             1,472 
Stockpiles and ore on leach pads    2,775             2,271 
Deferred income tax assets          1,659             1,605 
Other long-term assets              896               857 
 Total assets                     $ 29,523          $ 27,474 
 LIABILITIES 
Debt                              $ 25              $ 689 
Accounts payable                    612               561 
Employee-related benefits           320               307 
Income and mining taxes             87                250 
Other current liabilities           1,527             2,133 
 Current liabilities                2,571             3,940 
Debt                                6,099             3,624 
Reclamation and remediation         1,276             1,169
liabilities 
Deferred income tax liabilities     2,186             2,147 
Employee-related benefits           479               459 
Other long-term liabilities         396               364 
 Total liabilities                  13,007            11,703 


    EQUITY

Common stock                        786               784

Additional paid-in capital          8,307             8,408

Accumulated other comprehensive     595               652
income

Retained earnings                   3,667             3,052

Newmont stockholders' equity        13,355            12,896

Noncontrolling interests            3,161             2,875

 Total equity                       16,516            15,771

 Total liabilities and equity     $ 29,523          $ 27,474

Regional Operating Statistics

Production Statistics Summary
                     Three Months Ended  Nine Months Ended September
                     September 30,       30,
                     2012   2011         2012   2011

Gold

Consolidated ounces
produced
(thousands):

North America

Nevada               457    426          1,270  1,216

La Herradura         51     54           164    156
                     508    480          1,434  1,372

South America

Yanacocha            354    328          1,110  958



Asia Pacific

Boddington           166    164          508    528

Batu Hijau           16     133          54     276

Other Australia/New  222    259          694    802
Zealand
                     404    556          1,256  1,606

Africa

Ahafo                131    146          438    478
                     1,397  1,510        4,238  4,414



Copper

Consolidated pounds
produced (millions):

Asia Pacific

Boddington           16     15           48     43

Batu Hijau           39     82           124    223
                     55     97           172    266



Gold

Attributable ounces
produced
(thousands):

North America

Nevada               457    426          1,270  1,216

La Herradura         51     54           164    156
                     508    480          1,434  1,372

South America

Yanacocha            182    169          570    492

Other South America  14     19           40     49
Equity Interests
                     196    188          610    541



Asia Pacific

Boddington           166    164          508    528

Batu Hijau           7      65           26     134

Other Australia/New  222    259          694    802
Zealand

Other Asia Pacific   7      4            16     12
Equity Interests
                     402    492          1,244  1,476

Africa

Ahafo                131    146          438    478
                     1,237  1,306        3,726  3,867



Copper

Attributable pounds
produced (millions):

Asia Pacific

Boddington           16     15           48     43

Batu Hijau           19     41           60     109
                     35     56           108    152

CAS and Capital Expenditures
                       Three Months Ended    Nine Months Ended
                       September 30,         September 30,
                       2012     2011         2012     2011

Gold

Costs Applicable
to Sales
($/ounce)((1))

North America

Nevada                 $ 661    $ 641        $ 661    $ 640

La Herradura             608      575          585      498
                         655      633          652      624

South America

Yanacocha                520      610          481      578



Asia Pacific

Boddington               928      743          886      657

Batu Hijau               1,115    476          985      423

Other
Australia/New            931      684          850      623
Zealand
                         937      652          870      597

Africa

Ahafo                    561      501          571      465

Average                $ 693    $ 622        $ 664    $ 587

Attributable to        $ 716    $ 628        $ 689    $ 593
Newmont

Copper

Costs Applicable
to Sales
($/pound)((1))

Asia Pacific

Boddington             $ 2.29   $ 2.25       $ 2.33   $ 2.12

Batu Hijau               2.38     0.90         2.19     1.01

Average                $ 2.38   $ 1.10       $ 2.23   $ 1.17

Attributable to        $ 2.35   $ 1.25       $ 2.23   $ 1.30
Newmont

(1) Consolidated Costs applicable to sales excludes Amortization
and Reclamation and remediation.
                         Three Months Ended    Nine Months Ended
                         September 30,         September 30,
                         2012     2011         2012     2011

Consolidated Capital
Expenditures ($
million)

North America

Nevada                 $ 150    $ 152        $ 520    $ 380

La Herradura             12       28           41       55

Other North              9        33           9        74
America
                         171      213          570      509

South America

Yanacocha                149      117          392      244

Conga                    125      197          467      448
                         274      314          859      692

Asia Pacific

Boddington               25       47           77       122

Batu Hijau               37       61           98       149

Other
Australia/New            77       78           214      212
Zealand

Other Asia               4        4            12       8
Pacific
                         143      190          401      491

Africa

Ahafo                    68       34           176      71

Akyem                    116      60           305      127
                         184      94           481      198

Corporate and            39       5            76       23
Other

Total - Accrual        $ 811    $ 816        $ 2,387  $ 1,913
Basis

Change in Capital        5        (55)         7        (132)
Accrual

Total - Cash           $ 816    $ 761        $ 2,394  $ 1,781
Basis

Attributable to
Newmont (Accrual       $ 659    $ 632        $ 1,919  $ 1,500
Basis)

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 to GAAP Net Income  Management uses the 
non-GAAP financial measure Adjusted net income to evaluate the Company's 
operating performance, and for planning and forecasting future business 
operations. The Company believes the use of Adjusted net income allows 
investors and analysts to compare the 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, income or loss from 
discontinued operations and the permanent impairment of assets, including 
marketable securities and goodwill. Management's determination of the 
components of Adjusted net income are evaluated periodically and based, in 
part, on a review of non-GAAP financial measures used by mining industry 
analysts.

Net income attributable to Newmont stockholders is reconciled to Adjusted net 
income as follows:
                    Three Months Ended  Nine Months Ended September
                    September           30,
                    30,
                    2012    2011        2012     2011

 Net income
 attributable to    $ 367   $ 493       $ 1,136  $ 1,394
 Newmont
 stockholders( )

  Loss from
  discontinued        33      -           104      136
  operations ( )

  Impairments/asset   6       142         30       110
  sales, net( )

  Restructuring and   20      -           20       -
  other( )

  Boddington
  contingent          -       -           8        -
  consideration( )

  Fronteer
  acquisition costs   -       -           -        18
  ( )

  Income tax
  benefit from        -       -           -        (65)
  internal
  restructuring( )

 ( )Adjusted net    $ 426   $ 635       $ 1,298  $ 1,593
 income ( )

 ( )Adjusted net
 income per share,  $ 0.86  $ 1.29      $ 2.62   $ 3.23
 basic( )

 ( )Adjusted net
 income per share,  $ 0.85  $ 1.26      $ 2.60   $ 3.17
 diluted( )

Costs Applicable to Sales per Ounce/Pound  Costs applicable to sales per 
ounce/pound are non-GAAP financial measures. These measures are calculated by 
dividing the costs applicable to sales 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 costs applicable to sales 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 non-controlling 
interest. We include attributable costs applicable to sales per ounce/pound to 
provide management, investors and analysts with information with which to 
compare our performance to other gold producers. Costs applicable to sales 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 costs applicable to sales 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.

 ( )Costs applicable to sales per ounce
                    Three Months Ended  Nine Months Ended September
                    September           30,
                    30,
                    2012     2011       2012     2011


( )Costs
 applicable to
 sales:( ) 
Consolidated per
  financial         $ 950    $ 907      $ 2,746  $ 2,541
  statements((1)) 
Noncontrolling      (99)     (128)      (278)    (333)
  interests((2)) 
Attributable to   $ 851    $ 779      $ 2,468  $ 2,208
  Newmont( ) 
( )Gold sold (thousand
 ounces): 
Consolidated( )     1,370    1,458      4,138    4,327 
Noncontrolling      (181)    (218)      (554)    (601)
  interests((2)) 
Attributable to     1,189    1,240      3,584    3,726
  Newmont( ) 
( )Costs
 applicable to
 sales per ounce:
 ( ) 
Consolidated( )   $ 693    $ 622      $ 664    $ 587 
Attributable to   $ 716    $ 628      $ 689    $ 593
  Newmont( ) 
 ((1))Includes by-product credits of $57 and $165 in the
 third quarter and first nine months of 2012,
 respectively and $70 and $237 in the third quarter and
 first nine months of 2011, respectively. 
 ((2))Relates to partners' interests in Batu Hijau and
 Yanacocha. 
 ( )Costs applicable to sales per pound 


                    Three Months Ended  Nine Months Ended September
                    September           30,
                    30,
                    2012    2011        2012     2011


( )Costs
 applicable to
 sales:( ) 
Consolidated per
  financial         $ 138   $ 101       $ 361    $ 324
  statements((1)) 
Noncontrolling      (51)    (37)        (131)    (124)
  interests((2)) 
Attributable to   $ 87    $ 64        $ 230    $ 200
  Newmont( ) 
( )Copper sold (million
 pounds): 
Consolidated( )     58      92          162      276 
Noncontrolling      (21)    (41)        (59)     (122)
  interests((2)) 
Attributable to     37      51          103      154
  Newmont( ) 
( )Costs
 applicable to
 sales per pound:
 ( ) 
Consolidated( )   $ 2.38  $ 1.10      $ 2.23   $ 1.17 
Attributable to   $ 2.35  $ 1.25      $ 2.23   $ 1.30
  Newmont( ) 
 ((1))Includes by-product credits of $3 and $8 in the
 third quarter and first nine months of 2012,
 respectively and $7 and $23 in the third quarter and
 first nine months of 2011, respectively. 
 ((2))Relates to partners' interests in Batu Hijau. 
 ( )Net attributable costs applicable to sales per ounce 


                    Three Months Ended  Nine Months Ended September
                    September           30,
                    30,
                    2012     2011       2012     2011


( )Attributable
 costs applicable
 to sales:( ) 
Gold( )           $ 851    $ 779      $ 2,468  $ 2,208 
Copper ( )          87       64         230      200 
                  938      843        2,698    2,408 
( )Copper
 revenue:( ) 
Consolidated( )     (206)    (273)      (569)    (991) 
Noncontrolling      75       119        209      434
  interests((1)) 
                  (131)    (154)      (360)    (557) 
 ( )Net
 attributable       $ 807    $ 689      $ 2,338  $ 1,851
 costs applicable
 to sales( ) 
( )Attributable
 gold ounces sold     1,189    1,240      3,584    3,726
 (thousands)( ) 
 ( )Net
 attributable
 costs applicable   $ 679    $ 556      $ 652    $ 497
 to sales per
 ounce( ) 
 ((1))Relates to partners' interests in Batu Hijau. 
Conference Call Information 
A conference call will be held on Friday, November 2, 2012 at 10:00 a.m. 
Eastern Time (8:00 a.m. Mountain Time); it will also be carried on the 
Company's website. 
Conference Call Details 
 Dial-In  888.566.1822
 Number 
 Intl
 Dial-In  312.470.7116
 Number 
 Leader   John Seaberg 
 Passcode Newmont 
 Replay   800-834-5839
 Number 
 Intl
 Replay   203-369-3351
 Number 
 Replay   2012
 Passcode 
Webcast Details 
 URL      http://services.choruscall.com/links/newmont121102.html 
Please download the free Newmont Investor Relations iPad application from the 
Apple Online App Store, keyword search "Newmont". 
Cautionary Statement  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 and expectations regarding the Company's strategy 
and plans; (ii) estimates of future mineral production and sales; (iii) 
estimates of future operating costs, costs applicable to sales and other 
costs; (iv) estimates of future capital expenditures and consolidated advanced 
projects, research and development expenditures; and (v) the Company's 
exploration pipeline and expectations regarding the development, growth and 
exploration potential of the Company's projects, including project start 
dates, ramp up, life, pipeline timelines (including commencement of mining, 
drilling and stage gate advancement and expansion opportunities) and expected 
project returns; (vi) potential ounces or tons of reserves, non-reserve 
mineralization and potential resources; (vii) dividend payments and increases; 
(viii) future liquidity, cash and balance sheet expectations; and (ix) other 
financial outlook for the Company's operations and 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, social 
and legal 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 
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 such supplies otherwise being 
available on bases consistent with the Company's current expectations; and 
(vii) the accuracy of our current mineral reserve and mineral resource 
estimates and exploration information. 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: (i) gold and other metals price 
volatility; (ii) currency fluctuations; (iii) increased capital and operating 
costs and scarcity of competition for required labor and supplies; (iv) 
variances in ore grade or recovery rates from those assumed in mining plans; 
(v) political and operational risks; (vi) community relations, conflict 
resolution and outcome of projects or oppositions; and (vii) governmental 
regulation and judicial outcomes. For a more detailed discussion of such risks 
and other factors, see the Company's 2011 Annual Report on Form 10-K, filed on 
February 24, 2012, 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," 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. 
[1] Non-GAAP measure.  See page 11 for reconciliation. 
[2] Payable on December 28, 2012 to shareholders of record as of December 6, 
2012. 
Media, Omar Jabara, +1-303-837-5114, omar.jabara@newmont.com or Diane 
Reberger, +1-303-967-9455, diane.reberger@newmont.com, or Investors, John 
Seaberg, +1-303-837-5743, john.seaberg@newmont.com or Karli Anderson, 
+1-303-837-6049, karli.anderson@newmont.com 
http://www.newmont.com 
SOURCE: Newmont Mining Corporation 
To view this news release in HTML formatting, please use the following URL: 
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CO: Newmont Mining Corporation
ST: Colorado
NI: MNG UTI OIL CONF ERN EST ERN  
-0- Nov/01/2012 21:40 GMT
 
 
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