Newmont Signs Letter of Intent with TMAC Resources for Proposed Acquisition of Hope Bay Project in Nunavut

Newmont Signs Letter of Intent with TMAC Resources for Proposed Acquisition of 
Hope Bay Project in Nunavut 
Proposed transaction subject to completion of acquisition agreement and other 
terms 
DENVER, Dec. 17, 2012 /CNW/ - Newmont Mining Corporation of Canada Limited 
(NMCCL) ("Newmont" or "the Company") and TMAC Resources Inc. ("TMAC") today 
announced the signing of a binding Letter of Intent ("LOI") to acquire 
Newmont's Hope Bay Project in Nunavut, Canada.  TMAC is a privately held 
mining exploration and development focused company comprised of the former 
senior executives of FNX Mining Company Inc. and headed by Terry MacGibbon, 
founder of FNX Mining Company Inc. and Chairman of Torex Gold Resources Inc.  
TMAC management has an exceptional track record for developing high grade, 
profitable underground mines.  The proposed transaction is subject to a number 
of conditions, including execution and delivery of an acquisition agreement, 
completion of an initial equity financing, execution of an investor rights 
agreement, and receipt of all required regulatory and third party approvals. 
"We are pleased to reach this milestone and believe that TMAC is the right 
partner to improve prospects for near-term development of the Hope Bay 
Project," said Randy Engel, Executive Vice President, Strategic Development of 
Newmont.  "TMAC's management team has a proven track record of developing 
projects with similar characteristics, both profitably and responsibly, while 
maximizing value for shareholders and other stakeholders.  We look forward to 
developing a strong, long-term partnership as a significant shareholder of 
TMAC." 
Mr. Terry MacGibbon, Executive Chairman of TMAC, stated, "I am very excited to 
be working with Newmont and our Inuit partners to develop the full potential 
of the highly prospective Hope Bay Project.  I am also very excited about 
putting back together and working with many of the former FNX executive team 
who helped make that venture such a success; particularly, Dr. Catharine 
Farrow, who will be TMAC's CEO.  Catharine made a tremendous contribution to 
FNX, QuadraFNX and most recently at KGHM International as the Chief Operating 
Officer.  With her exploration and operating expertise and experience, she is 
the ideal person to lead the future exploration and development of what we 
expect will be Canada's next gold mining camp.  By applying best-in-class 
industry standards and processes and leveraging the TMAC team's proven 
entrepreneurial approach to profitable, low cost, staged mine development 
supported by geoscience driven exploration, we believe the Hope Bay Belt has 
great potential to be Canada's next major gold mining camp and a long-term, 
profitable and environmentally responsible gold producer for the benefit of 
all stakeholders." 
The parties have agreed that the LOI will terminate on March 31, 2013 unless 
earlier superseded by the acquisition agreement.  There can be no assurance 
that the proposed transaction will be completed. 
Advisors and Counsel 
Newmont's financial advisors are BMO Capital Markets and J.P. Morgan, and its 
legal counsel is Lawson Lundell LLP.  TMAC's financial advisor is CIBC World 
Markets Inc., and its legal counsel is Cassels Brock & Blackwell LLP. 
About Newmont 
Founded in 1921 and publicly traded since 1925, Newmont (www.newmont.com) is 
one of the largest gold companies in the world. Headquartered in Colorado, the 
Company has more than 43,000 employees and contractors, with the majority 
working at core operations in the United States, Australia, Peru, Indonesia, 
New Zealand and Ghana. Newmont is the only gold company listed in the S&P 500 
index and in 2007 became the first gold company selected to be part of the Dow 
Jones Sustainability World Index. Newmont's industry leading performance is 
reflected through high standards in environmental management, health and 
safety for its employees and creating value and opportunity for host 
communities and shareholders. 
Please download the free Newmont Investor Relations iPad application from the 
Apple Online App Store, keyword search "Newmont." 
Cautionary Statements 
This release contains "forward-looking statements" within the meaning of 
applicable securities laws that are intended to be covered by the safe harbors 
created by those laws, including statements that use forward-looking 
terminology such as "may", "will", "expect", "anticipate", "believe", 
"continue", "potential" or the negative thereof or other variations thereof or 
comparable terminology.  Such forward-looking statements may include, without 
limitation, statements regarding the completion of the proposed transaction 
and other statements that are not historical facts.  While such 
forward-looking statements are expressed by Newmont or by TMAC, as stated in 
this release, in good faith and believed by the applicable party to have a 
reasonable basis, they are subject to important risks and uncertainties 
including, without limitation, approval of applicable governmental or 
regulatory authorities, the receipt of all required third party approvals, the 
satisfaction or waiver of certain other conditions contemplated by the LOI, 
the inability to realize expected synergies or cost savings, errors in 
estimates of reserves or future production, parts, equipment, labor or power 
shortages or other increases in costs, mining accidents or other adverse 
events, changes in applicable laws or regulations, competition from other 
mining companies, and the other risks disclosed in Newmont's public filings, 
any or all of which could cause actual results to differ materially from 
future results expressed, projected or implied by the forward-looking 
statements.  As a result of these risks and uncertainties, the proposed 
transaction could be modified, restructured or not be completed, and the 
results or events predicted in these forward-looking statements may differ 
materially from actual results or events.  These forward-looking statements 
are not guarantees of future performance, given that they involve risks and 
uncertainties.  Neither Newmont nor TMAC is affirming or adopting any 
statements attributed to the other in this release or made by the other party 
outside of this release.  Neither Newmont nor TMAC undertakes any obligation 
to release publicly revisions to any forward-looking statement, except as may 
be required under applicable securities laws, or to comment on expectations 
of, or statements made by the other party or third parties in respect of the 
proposed transaction. 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. 
Media Contacts, Omar Jabara, +1-303-837-5114, omar.jabara@newmont.com, or 
Diane Reberger, +1-303-967-9455, diane.reberger@newmont.com, or Investor 
Contacts, 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 of Canada Limited 
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CO: Newmont Mining Corporation of Canada Limited
ST: Colorado
NI: MNG MNA  
-0- Dec/17/2012 21:06 GMT
 
 
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