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Newmont Announces Net Income from Continuing Operations of $1.9 Billion or $3.80 per Share in 2012


Newmont Announces Net Income from Continuing Operations of $1.9 Billion or $3.80 per Share in 2012

Annual Revenue of $9.9 Billion and Increased Quarterly Dividend to $0.425 per share

DENVER, Feb. 21, 2013 /CNW/ - Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") reported net income from continuing operations of $1.9 billion or $3.80 per basic share ($3.78 per share on a fully diluted basis) in 2012, compared with $0.5 billion, or $1.02 per share in 2011. Adjusted net income[1] was $1.9 billion or $3.71 per share in 2012, compared with $2.2 billion, or $4.31 per share a year ago.

Financial Highlights

2012 Financial Results:


    --  Annual revenue of $9.9 billion;
    --  Record regular dividends paid to shareholders of $695 million,
        or $1.40 per share, representing a payout ratio of 38% of
        adjusted net income;
    --  Gold operating margin of $985 per ounce;
    --  Operating cash flow of $2.4 billion;
    --  Attributable gold and copper production of 5.0 million ounces
        and 143 million pounds, respectively;
    --  Gold and copper consolidated costs applicable to sales ("CAS")
        [2] of $677 per ounce and $2.34 per pound, respectively;
    --  All-in sustaining cost[3] of $1,149 per ounce; and
    --  Average realized gold and copper price of $1,662 per ounce and
        $3.43 per pound, respectively.

Q4 2012 Financial Results:
    --  Approved Q1 2013 dividend payable of $0.425 per share;
    --  Attributable gold and copper production of 1.3 million ounces
        and 35 million pounds, respectively;
    --  Gold and copper CAS of $720 per ounce and $2.61 per pound,
        respectively;
    --  All-in sustaining cost of $1,192 per ounce; and
    --  Average realized gold and copper price of $1,700 per ounce and
        $3.22 per pound, respectively.

"We were pleased to return the highest dividends in the gold industry on a per 
share basis in 2012," said Gary Goldberg, President and Chief Operating 
Officer.  "We will maintain this competitive advantage by focusing on reducing 
our total cost of production and progressing only the most promising 
opportunities in our portfolio. These include our Akyem project in Ghana, 
which will begin production later this year, and advancing the Phase 6 
stripping campaign to deliver the next tranche of production from Batu Hijau," 
added Goldberg.

Management Update

As previously announced, Gary Goldberg will become President and Chief 
Executive Officer (CEO) and join Newmont's Board of Directors on 1 March 2013. 
He succeeds Richard O'Brien who will step down as CEO and retire from the 
Board at that time. Russell Ball, Executive Vice President and Chief Financial 
Officer (CFO), has also decided to step down and will leave Newmont later this 
year. He plans to continue in his current capacity to ensure a smooth 
transition as the company seeks its new CFO.

Other management changes include appointing new leaders and building a team 
whose skills and experience align with Mr. Goldberg's immediate priorities for 
Newmont – to take a more disciplined approach to capital allocation and cost 
control and to restore industry leading social and environmental practices.

These new leaders include:  Dr. Elaine Dorward-King, a noted sustainable 
development expert with 25 years of experience in the mining sector who joins 
Newmont on 18 March 2013 as Executive Vice President, Sustainability & 
External Relations; Scott Lawson, Senior Vice President Technical Services, 
with 27 years of experience in international operations management and 
technical innovation for the mining sector; and Susan Keefe, Vice President, 
Strategic Relations, with 25 years of experience in communications and 
reputation management for the mining sector.

Complementing these new appointments are existing leaders Randy Engel, 
Executive Vice President, Strategic Development; Bill MacGowan, Executive Vice 
President, Human Resources and Communications; and Stephen Gottesfeld, 
Executive Vice President, General Counsel and Corporate Secretary.

"I am excited about working with Newmont leaders to raise our game and deliver 
greater value to shareholders. I also want to take this opportunity to express 
our thanks to Richard and Russell for their many contributions to Newmont over 
their years of service," said Gary Goldberg, President and Chief Operating 
Officer.

2012 Operating Results and 2013 Outlook

In 2012, the Company reported attributable gold and copper production of 5.0 
million ounces and 143 million pounds, respectively, at CAS of $677 per ounce, 
and $2.34 per pound, respectively, on a co-product basis. Attributable 2012 
gold production decreased 4% from 2011 levels due to lower production from 
Asia Pacific as a result of continued Phase 6 waste mining at Batu Hijau, 
lower grade and ore availability at Tanami, and mine sequencing at Waihi; and 
lower production from Africa due to lower mill throughput and grade; partially 
offset by higher production from South America due to higher mill grade and 
recovery partially offset by lower leach placement; and higher production from 
North America due to higher throughput at Mill 6, Juniper Mill, and Twin 
Creeks Autoclave and the startup of the Emigrant mine.

CAS per gold ounce increased 15% in 2012 compared to 2011 due to lower 
production from Batu Hijau, Tanami, and Waihi, higher royalty and waste mining 
costs, partially offset by lower co-product allocation of costs to gold.

Attributable copper pounds produced decreased 27% due to continued Phase 6 
waste mining at Batu Hijau, partially offset by higher throughput at 
Boddington.

CAS per copper pound increased 86% due to lower production from Batu Hijau, 
higher waste mining at Batu Hijau, higher mill maintenance costs at 
Boddington, and higher co-product allocation of costs to copper.

2013 attributable gold production is expected to be approximately 4.8 million 
to 5.1 million ounces, with attributable copper production of 150 to 170 
million pounds. The outlook reflects a continuation of lower expected 
production at Batu Hijau as it continues to process lower grade stockpiled ore 
during Phase 6 stripping and lower production at Yanacocha, partially offset 
by new production at Akyem expected in late 2013. CAS for gold is expected to 
be between $675 and $750 per ounce due to lower production at Batu Hijau and 
Yanacocha combined with higher expected costs for energy, labor and contracted 
services. All-in sustaining cost (sum of CAS, copper by-product credits, G&A, 
exploration expense, advanced projects and R&D, other expense, and sustaining 
capital) is expected to be between $1,100 and $1,200 per ounce. CAS for copper 
is expected to be between $2.25 and $2.50 per pound due to lower production at 
Batu Hijau.

2012 Regional Operating Results and 2013 Outlook

North America

Nevada - Attributable gold production was 478,000 and 1.7 million ounces in 
the fourth quarter and 2012, respectively. CAS was $580 and $638 per ounce, 
for the fourth quarter and 2012, respectively.

Fourth quarter attributable gold production decreased 8% from the prior year 
quarter due to lower tons and grades from Leeville. CAS per ounce increased 
12% from the prior year quarter due to lower volumes.

2012 attributable gold ounces produced increased slightly due to higher 
throughput at Mill 6, Juniper Mill, and the Twin Creeks Autoclave as well as 
new production from Emigrant, partially offset by lower grade at Phoenix and 
lower throughput and grade at Midas. CAS per ounce increased 6% due to higher 
commodity and contractor costs and higher royalties.

La Herradura - Attributable gold production was 48,000 and 212,000 ounces in 
the fourth quarter and 2012, respectively. CAS was $759 and $621 per ounce in 
the fourth quarter and 2012, respectively.

Fourth quarter attributable gold production decreased 14% from the prior year 
quarter due to the timing of leach recoveries, a refinery adjustment, and 
lower grade ore. CAS per ounce increased 25% from the prior year quarter due 
to higher waste tons mined and lower by-product credits.

2012 attributable gold production remained essentially unchanged due to new 
production at Noche Buena; offset by lower leach recoveries. CAS per ounce 
increased 18% due to higher waste tons mined, higher commodity prices and 
lower by-product credits.

2013 attributable gold production in North America is expected to be 
approximately 2.0 to 2.1 million ounces at CAS of approximately $600 to $650 
per ounce.

South America

Yanacocha - Attributable gold production was 121,000 and 691,000 ounces in the 
fourth quarter and 2012, respectively. CAS was $617 and $505 per ounce in the 
fourth quarter and 2012, respectively.

Fourth quarter attributable gold production decreased 30% from the prior year 
quarter due to lower mill grade and lower leach placement earlier in the year. 
Costs applicable to sales per ounce increased 21% from the prior year quarter 
due to the lower production.

2012 attributable gold ounces produced increased 4% due to higher mill grade 
and recovery, partially offset by lower leach placement at Yanacocha, 
Carachugo and La Quinua. Leach tons placed decreased 23% from 43 million tons 
to 33 million tons. CAS per ounce decreased 10% due to higher production and 
lower mining costs.

La Zanja - Attributable gold production was 13,000 and 53,000 ounces in the 
fourth quarter and 2012, respectively. 2012 attributable gold ounces produced 
decreased 17% from the prior year due to a full year of production from our 
non-consolidated interest in La Zanja.

2013 attributable gold production in South America is expected to be 
approximately 550,000-600,000 ounces attributable to Newmont due to a 
reduction in the mining rate in 2013 and 2014 to maintain a more stable 
operations workforce and lower grade. CAS is expected to be approximately $600 
to $650 per ounce, primarily due to lower production.

Asia Pacific

Boddington - Attributable gold production was 216,000 and 724,000 ounces in 
the fourth quarter and 2012, respectively. Attributable copper production was 
19 million pounds and 67 million pounds in the fourth quarter and 2012, 
respectively. CAS was $856 and $877 per ounce and $2.23 and $2.29 per pound in 
the fourth quarter and 2012, respectively.

Fourth quarter attributable gold and copper production increased 7% and 
decreased 10%, respectively, from the prior year quarter due to higher gold 
grade and with lower copper recovery. CAS increased 14% per ounce and 21% per 
pound, respectively, due to a higher strip ratio, higher mill maintenance 
costs, and the impact of the Australian carbon tax, which took effect in July 
2012.

2012 attributable gold and copper production decreased 1% and increased 3%, 
respectively, essentially in line with 2011. CAS increased 29% per ounce and 
13% per pound, respectively, due to a higher strip ratio, higher mill 
maintenance costs, and the impact of the carbon tax in Australia.

2013 attributable gold and copper production at Boddington is expected to be 
approximately 700,000-750,000 ounces and 70-80 million pounds, respectively, 
at CAS of approximately $850 to $950 per ounce and $2.45 to $2.65 per pound, 
respectively on a co-product basis.  2013 production is expected to be in-line 
with 2012 levels, while higher operating costs are expected to result from 
higher mining and labor costs, as well as higher costs for contracted services 
and supplies.

Batu Hijau - Attributable gold production was 7,000 and 33,000 ounces in the 
fourth quarter and 2012, respectively. Attributable copper production was 16 
million and 76 million pounds in the fourth quarter and 2012, respectively. 
CAS was $1,292 and $1,071 per ounce and $2.77 and $2.36 per pound on a 
co-product basis in the fourth quarter and 2012, respectively.

Fourth quarter attributable gold and copper production decreased 56% and 33%, 
respectively, from the prior year quarter due to lower grade and recovery as a 
result of processing lower grade stockpiled material. CAS increased 71% per 
ounce and 85% per pound, respectively, due to lower production, offset by 
lower royalties.

2012 attributable gold and copper production decreased 78% and 42%, 
respectively, due to lower grade and recovery as a result of processing 
primarily lower grade stockpiled material. Waste tons mined increased 26% as 
Phase 6 waste removal continued as planned. The Company expects to process 
primarily stockpiled ore until Phase 6 ore becomes the primary mill feed in 
2014. CAS increased 125% per ounce and 113% per pound, respectively due to 
lower production, partially offset by lower royalties.

2013 attributable gold production for Batu Hijau is expected to be 
approximately 20,000 to 30,000 ounces, at CAS of between $900 and $1,000 per 
ounce, while attributable copper production is expected to be approximately 75 
to 90 million pounds, at CAS of between $2.20 and $2.40 per pound. As 
previously disclosed[4], Newmont expects to continue processing stockpiled ore 
until Phase 6 ore becomes the primary mill feed commencing in 2014.

Other Australia/New Zealand - Attributable gold production was 245,000 and 
955,000 ounces in the fourth quarter and 2012, respectively. CAS was $961 and 
$879 per ounce in the fourth quarter and 2012, respectively.

Fourth quarter attributable gold production increased 7% from the prior year 
quarter due to higher throughput at Jundee, higher grade at Waihi and higher 
throughput and grade at Tanami. CAS per ounce increased 19% from the prior 
year quarter due to higher mining and mill maintenance costs at KCGM and the 
impact of the carbon tax in Australia.

2012 attributable gold production decreased 8% due to lower throughput at 
Tanami and Waihi, and lower throughput, grade, and recovery at KCGM. CAS per 
ounce increased 32% due to lower production and higher mining costs.

2013 attributable gold production for Other Australia/New Zealand is expected 
to be approximately 925,000 to 975,000 ounces, primarily due to slightly 
higher production at Tanami and Waihi. CAS for Other Australia/New Zealand is 
expected to increase to approximately $950 to $1,050 per ounce in 2013, 
primarily driven by higher labor costs.

Beginning in 2013, our Asia Pacific region will be split into two regions, 
Australia/New Zealand, and Indonesia.  The Australia/New Zealand region will 
include Boddington and Other Australia/New Zealand while the Indonesia region 
will include Batu Hijau. Gold production for Australia/New Zealand is expected 
to be approximately 1.6 to 1.7 million ounces attributable to Newmont in 2013 
at CAS per ounce of $900 to $1,000.

Africa

Ahafo - Attributable gold production was 123,000 and 561,000 ounces during the 
fourth quarter and 2012, respectively. CAS was $694 and $596 per ounce for the 
fourth quarter and 2012, respectively.

Fourth quarter attributable gold production increased 40% from the prior year 
quarter due to drawdown on in-process inventory compared to build up of prior 
year quarter, higher grade and recovery. CAS per ounce increased 33% from the 
prior year quarter due to lower in-process inventory buildup and higher 
drawdown of finished goods inventory at higher average cost as well as higher 
power and labor cost.

2012 attributable gold production decreased 1% due to lower throughput and 
grade, largely offset by higher drawdown of in-circuit inventory. CAS per 
ounce increased 26% due to higher labor, commodity, and royalty costs.

2013 attributable gold production for the Africa operations is expected to 
increase to approximately 625,000 to 675,000 ounces due to the new production 
from Akyem in late 2013 at CAS of approximately $525 to $575 per ounce.

Capital Update

Consolidated capital expenditures were $3.2 billion in 2012, up from $3.0 
billion in 2011.  Attributable capital expenditures were $2.5 billion in 2012, 
up from $2.3 billion in 2011.  Approximately $1.0 billion was spent on major 
projects in 2012, such as Akyem in Ghana, and equipment, engineering of 
reservoirs, and demobilization of workforce at Conga, with the balance largely 
attributed to sustaining capital. The Company currently expects to invest 
approximately $2.1 to $2.3 billion in attributable capital expenditures in 
2013.  Approximately 40% of this is allocated to development capital, 
including at the Akyem project (~$250 million), Ahafo Mill Expansion (~$150 
million) the Conga project (~$150 million), and other expansion projects in 
Nevada (~$260 million) and at La Herradura (~$40 million), with the remaining 
60% expected to be spent on sustaining capital.

Newmont's investment priorities include completing construction of Akyem in 
2013, finishing the Phase 6 stripping campaign at Batu Hijau during 2013 and 
2014, and identifying the best paths forward for Conga in Peru and Tanami in 
Australia. The Company expects consolidated capital expenditures to decrease 
from 2012 to 2013 by approximately 15-20%, excluding capitalized interest, as 
declining capital commitments for Conga, Akyem, and Tanami are partially 
offset by increasing development capital for the Ahafo Mill Expansion in Ghana 
as well as the Phoenix Copper Leach in Nevada.  Additional capital investment 
is also possible at the Merian project in Suriname in 2013 pending the outcome 
of further dialogue with the government and additional project evaluation.

Advanced Projects Update

Consolidated advanced projects, research and development expenditures were 
$348 million in 2012, down from $373 million in 2011. The Company currently 
plans to spend approximately $350 to $400 million in advanced projects in 2013 
on a consolidated basis, or $300 to $350 on an attributable basis, focused 
primarily on Long Canyon in Nevada, Elang in Indonesia, and the Subika 
expansion in Africa.

2013 Outlook([5],[6])
                Attributable  Consolidated  Consolidated  Attributable
                Production    CAS           Capital       Capital

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


Nevada (a)      1,700 - 1,800 $600 - $650   $600 - $650   $600 - $650

La Herradura    225 - 275     $650 - $700   $125 - $175   $125 - $175

North America   1,950 - 2,050 $600 - $650   $750 - $800   $750 - $800

Yanacocha       475 - 525     $600 - $650   $225 - $275   $100 - $150

La Zanja        40 - 50       -             -             -

Conga           -             -             $250 - $300   $125 - $175

South America   550 - 600     $600 - $650   $550 - $600   $250 - $300

Boddington      700 - 750     $850 - $950   $125 - $175   $125 - $175

Other           925 - 975     $950 - $1,050 $225 - $275   $225 - $275
Australia/NZ

Australia/New   1,625 - 1,725 $900 - $1,000 $375 - $425   $375 - $425
Zealand

Batu Hijau,     20 - 30       $900 - $1,000 $75 - $125    $25 - $75
Indonesia(d)

Ahafo           525 - 575     $550 - $600   $375 - $425   $375 - $425

Akyem           50 - 100      $450 - $500   $225 - $275   $225 - $275

Africa          625 - 675     $525 - $575   $650 - $700   $650 - $700

Corporate/Other -             -             $20 - $30     $20 - $30

Total Gold      4,800 - 5,100 $675 - $750   $2,400 -      $2,100 -
                                            $2,600        $2,300

Boddington      70 - 80       $2.45 - $2.65 -             -

Batu Hijau      75 - 90       $2.20 - $2.40 -             -

Total Copper    150 - 170     $2.25 - $2.50

(a)Nevada CAS includes by-product credits from an estimated 30-40
million pounds of copper production at Phoenix, net of treatment and
refining charges.

(b )2013 Attributable CAS Outlook is $700 - $750 per ounce.

(c)Excludes capitalized interest of approximately $142 million,
consolidated and attributable.

(d )Assumes Batu Hijau economic interest of 44.56% for 2013, subject to
final divestiture obligations.

2013 Expense Outlook

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

General &            $200 - $250            $200 - $250
Administrative

DD&A                 $1,050 - $1,100        $850 - $900

Exploration Expense  $250 - $300            $225 - $275

Advanced Projects &  $350 - $400            $300 - $350
R&D

Other Expense        $200 - $250            $150 - $200

Sustaining Capital   $1,400 - $1,500        $1,200 - $1,300

Interest Expense     $200 - $250            $175 - $225

Tax Rate             30% - 32%              30% - 32%

All-in sustaining
cost ($/ounce)       $1,100 - $1,200        $1,100 - $1,200
(a,b,c)

Key Assumptions

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

Copper Price         $3.50                  $3.50
($/pound)

Oil Price ($/barrel) $90                    $90

AUD Exchange Rate    $1.00                  $1.00



(a )All-in sustaining cost is a non-GAAP metric defined by the
Company as the sum of costs applicable to sales, copper by-product
credits, G&A, exploration expense, advanced projects and R&D,
other expense, and sustaining capital.

(b)All-in sustaining cost per ounce is calculated by dividing
all-in sustaining cost by the midpoint of estimated sales, less
non-consolidated interests in La Zanja and Duketon and development
ounces.

(c)The Company's methodology for calculating all-in sustaining
costs was developed independently, and is subject to change due to
a number of factors including the possible adoption of formal
industry guidelines from the World Gold Council.

STATEMENTS OF CONSOLIDATED INCOME
                                       Years Ended December 31,
                                       2012      2011      2010
                                       (in millions, except per share)



Sales ( )                              $ 9,868   $ 10,358  $ 9,540



Costs and expenses( )

 Costs applicable to sales((1))          4,238     3,890     3,484

 Amortization ( )                        1,032     1,036     945

 Reclamation and remediation ( )         96        120       65

 Exploration ( )                         356       350       218

 Advanced projects, research and         348       373       216
 development ( )

 General and administrative ( )          212       198       178

 Write-down of property, plant and       52        2,084     6
 mine development( )

 Other expense, net ( )                  449       265       261
                                         6,783     8,316     5,373

Other income (expense)( )

 Other income, net ( )                   278       12        109

 Interest expense, net of capitalized
 interest of $107, $52 and $21,
 ( )respectively( )                      (249)     (244)     (279)
                                         29        (232)     (170)

Income before income and mining tax      3,114     1,810     3,997
and other items( )

Income and mining tax expense ( )        (869)     (713)     (856)

Equity income (loss) of affiliates ( )   (51)      11        3

Income from continuing operations ( )    2,194     1,108     3,144

Loss from discontinued operations ( )    (76)      (136)     (28)

Net income ( )                           2,118     972       3,116

Net income attributable to               (309)     (606)     (839)
noncontrolling interests ( )

Net income attributable to Newmont     $ 1,809   $ 366     $ 2,277
stockholders ( )



Net income (loss) attributable to
Newmont stockholders:( )

 Continuing operations ( )             $ 1,885   $ 502     $ 2,305

 Discontinued operations ( )             (76)      (136)     (28)
                                       $ 1,809   $ 366     $ 2,277

Income (loss) per common share ( )

 Basic:( )
    Continuing operations ( )           $ 3.80    $ 1.02    $ 4.69
    Discontinued operations ( )           (0.15)    (0.28)    (0.06)
                                       $ 3.65    $ 0.74    $ 4.63

 Diluted:( )
    Continuing operations ( )           $ 3.78    $ 1.00    $ 4.61
    Discontinued operations ( )           (0.15)    (0.27)    (0.06)
                                       $ 3.63    $ 0.73    $ 4.55



Cash dividends declared per common     $ 1.40    $ 1.00    $ 0.50
share ( )
    (1) Excludes Amortization and Reclamation and remediation.

CONSOLIDATED CASH FLOWS
               Three Months Ended    Twelve Months Ended December
               December 31,          31,
                2012     2011          2012       2011

Operating activities:

Net income $ 697 $ (897) $ 2,118 $ 972

Adjustments:

Amortization 281 260 1,032 1,036

Stock based compensation and other 17 17 72 79 non-cash benefits

Reclamation and 47 38 96 101 remediation

Revaluation of contingent 12 1 12 1 consideration

Loss from discontinued (28) - 76 136 operations

Write-down of property, 58 2,082 52 2,084 plant and mine development

Impairment of marketable 8 5 47 180 securities

Deferred (10) (565) 15 (671) income taxes

Gain on asset (95) (13) (107) (81) sales, net

Other operating adjustments (107) (35) 48 65 and write-downs

Net change in operating (34) 32 (1,073) (311) assets and liabilities

Net cash provided from 846 925 2,388 3,591 continuing operations

Net cash used in (4) (3) (16) (7) discontinued operations

Net cash provided from 842 922 2,372 3,584 operations

Investing activities:

Additions to property, (816) (1,006) (3,210) (2,787) plant and mine development

Acquisitions, (3) (8) (25) (2,309) net

Sale of marketable 1 7 210 81 securities

Purchases of marketable (11) (4) (220) (21) securities

Proceeds from sale of other 28 3 41 9 assets

Other (12) (31) (60) (40)

Net cash used in investing (813) (1,039) (3,264) (5,067) activities

Financing activities:

Proceeds from 181 213 3,524 2,011 debt, net

Repayment of (20) (187) (1,976) (2,273) debt

Payment of conversion - - (172) - premium on debt

Proceeds from stock 4 5 24 40 issuance, net

Acquisition of noncontrolling (10) - (10) - interests

Dividends paid to - (100) (3) (117) noncontrolling interests

Dividends paid to common (174) (173) (695) (494) stockholders

Other (1) (24) (3) (21)

Net cash provided from (used in) (20) (266) 689 (854) financing activities

Effect of exchange rate 3 8 4 41 changes on cash

Net change in cash and cash 12 (375) (199) (2,296) equivalents

Cash and cash equivalents at 1,549 2,135 1,760 4,056 beginning of period

Cash and cash equivalents at $ 1,561 $ 1,760 $ 1,561 $ 1,760 end of period

CONSOLIDATED BALANCE SHEETS


                                       At December 31,  At December 31,
                                       2012             2011
                                       (in millions)
    ASSETS

Cash and cash equivalents              $ 1,561          $ 1,760

Trade receivables                        283              300

Accounts receivable                      577              320

Investments                              86               94

Inventories                              796              714

Stockpiles and ore on leach pads         786              671

Deferred income tax assets               195              396

Other current assets                     1,661            1,133

 Current assets                          5,945            5,388

Property, plant and mine development,    18,010           15,881
net

Investments                              1,446            1,472

Stockpiles and ore on leach pads         2,896            2,271

Deferred income tax assets               481              242

Other long-term assets                   872              857

 Total assets                          $ 29,650         $ 26,111
    LIABILITIES

Debt                                   $ 10             $ 689

Accounts payable                         657              561

Employee-related benefits                339              307

Income and mining taxes                  51               250

Other current liabilities                2,084            2,133

 Current liabilities                     3,141            3,940

Debt                                     6,288            3,624

Reclamation and remediation              1,457            1,169
liabilities

Deferred income tax liabilities          858              784

Employee-related benefits                586              459

Other long-term liabilities              372              364

 Total liabilities                       12,702           10,340
    EQUITY

Common stock - $1.60 par value;          787              784

 Authorized - 750 million shares

 Issued and outstanding -

  Common: 492 million and 490 million
  shares issued, less 277,000 and
  273,000 treasury shares,
  respectively

  Exchangeable: 56 million shares
  issued, less 51 million and 51
  million redeemed shares,
  respectively

Additional paid-in capital               8,330            8,408

Accumulated other comprehensive          490              652
income (Note 25)

Retained earnings                        4,166            3,052

Newmont stockholders' equity             13,773           12,896

Noncontrolling interests                 3,175            2,875

 Total equity                            16,948           15,771

 Total liabilities and equity          $ 29,650         $ 26,111

Regional Operating Statistics

Production Statistics Summary
                    Three Months Ended  Years Ended December 31,
                    December 31,
                    2012   2011         2012   2011

Gold

Consolidated ounces
produced
(thousands):

North America

Nevada              478    522          1,748  1,738

La Herradura        48     56           212    212
                    526    578          1,960  1,950

South America

Yanacocha           236    335          1,346  1,293



Asia Pacific

Boddington          216    201          724    730

Batu Hijau          14     32           68     308

Other Australia/New 230    224          924    1,026
Zealand
                    460    457          1,716  2,064

Africa

Ahafo               123    88           561    566
                    1,345  1,458        5,583  5,873



Copper

Consolidated pounds
produced
(millions):

Asia Pacific

Boddington          19     21           67     65

Batu Hijau          33     49           157    273
                    52     70           224    338



Gold

Attributable ounces
produced
(thousands):

North America

Nevada              478    522          1,748  1,738

La Herradura        48     56           212    212
                    526    578          1,960  1,950

South America

Yanacocha           121    172          691    664

Other South America 13     15           53     64
Equity Interests
                    134    187          744    728



Asia Pacific

Boddington          216    201          724    730

Batu Hijau          7      16           33     149

Other Australia/New 230    224          924    1,026
Zealand

Other Asia Pacific  15     5            31     17
Equity Interests
                    468    446          1,712  1,922

Africa

Ahafo               123    88           561    566
                    1,251  1,299        4,977  5,166



Copper

Attributable pounds
produced
(millions):

Asia Pacific

Boddington          19     21           67     65

Batu Hijau          16     24           76     132
                    35     45           143    197

CAS and Capital
Expenditures( )
                Three Months Ended December  Years Ended December 31,
                31,
                2012     2011                2012     2011

Gold( )

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

( ) North
America( )

( ) Nevada( )   $ 580    $ 519               $ 638    $ 603

( ) La            759      609                 621      527
Herradura( )
                  596      527                 636      594

( ) South
America( )

( ) Yanacocha     617      511                 505      560
( )



( ) Asia
Pacific( )

( ) Boddington    856      749                 877      682
( )

( ) Batu Hijau    1,292    754                 1,071    476
( )

( ) Other
Australia/New     961      807                 879      664
Zealand( )
                  925      778                 886      639

( ) Africa( )

( ) Ahafo( )      694      520                 596      474

( ) Average( )  $ 720    $ 602               $ 677    $ 591

( )
Attributable to $ 726    $ 608               $ 698    $ 597
Newmont( )

Copper( )

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

( ) Asia
Pacific( )

( ) Boddington  $ 2.23   $ 1.84              $ 2.29   $ 2.03
( )

( ) Batu Hijau    2.77     1.50                2.36     1.11
( )

( ) Average( )  $ 2.61   $ 1.58              $ 2.34   $ 1.26

( )
Attributable to $ 2.52   $ 1.64              $ 2.33   $ 1.37
Newmont( )

( (1))Consolidated Costs applicable to sales excludes Amortization and
Reclamation and remediation.
                  Three Months Ended           Years Ended December 31,
                  December 31,
                  2012     2011                2012     2011

( )Consolidated
Capital
Expenditures ($
million)

( ) North
America( )

( )Nevada( )    $ 157    $ 179               $ 677    $ 559

( )La Herradura   39       26                  89       81
( )

( )Other North    -        27                  -        101
America( )
                  196      232                 766      741

( ) South
America( )

( )Yanacocha( )   118      116                 510      360

( )Conga( )       115      291                 582      739

( )Other South    10                           19
America( )
                  243      407                 1,111    1,099

( ) Asia
Pacific( )

( )Boddington     64       95                  141      217
( )

( )Batu Hijau     50       47                  148      196
( )

( )Other
Australia/New     63       82                  277      294
Zealand( )

( )Other Asia     7        10                  19       18
Pacific( )
                  184      234                 585      725

( ) Africa( )

( )Ahafo( )       52       45                  228      116

( )Akyem( )       83       121                 388      248
                  135      166                 616      364

( )Corporate      7        12                  74       35
and Other( )

( )Total -
Accrual Basis   $ 765    $ 1,051             $ 3,152  $ 2,964
( )

( )Change in
Capital Accrual   51       (45)                58       (177)
( )

( )Total - Cash $ 816    $ 1,006             $ 3,210  $ 2,787
Basis( )

( )Attributable
to Newmont      $ 621    $ 829               $ 2,535  $ 2,328
(Accrual 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 of the 
Company uses 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 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 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  Years ended
                                     December 31,        December 31,

(in millions except per share,       2012  2011          2012   2011
after-tax)

GAAP Net income (1)                  $ 673 $(1,028)      $1,809 $ 366

Loss from discontinued operations    (28)  -             76     136

Restructuring and other              6     -             26     -

Boddington contingent consideration  -     1             8      1

Acquisition costs                    -     -             -      18

Income tax benefit from internal     (59)  -             (59)   (65)
restructuring

Impairments/asset sales, net         (40)  1,604         (10)   1,714

Adjusted net income                  $ 552 $ 577         $1,850 $2,170

Adjusted net income per share, basic $1.11 $ 1.17        $ 3.73 $ 4.39

Adjusted net income per share,       $1.11 $ 1.14        $ 3.71 $ 4.31
diluted



(1) Attributable to Newmont stockholders.

All-in Sustaining
Costs per ounce
                   Three Months Ended December  Twelve Months Ended
                   31,                          December 31,
                     2012     2011                2012    2011

 Costs applicable  $ 1,131  $ 1,025             $ 4,238 $ 3,890
 to sales

 G&A Expense       $ 50     $ 53                $ 212   $ 198

 Exploration       $ 47     $ 95                $ 356   $ 350
 Expense

 Advanced Projects $ 90     $ 126               $ 348   $ 373
 and R&D Expense

 Other Expense(    $ 47     $ 52                $ 235   $ 226
 (1))

 Sustaining        $ 434    $ 527               $ 1,678 $ 1,629
 Capital

 Copper By-product $ (216)  $ (271)             $ (785) $ (1,262)
 Credit

 All-in Sustaining $ 1,583  $ 1,607             $ 6,282 $ 5,404
 Cost ($M)

 Consolidated Gold
 sold (thousand      1,328    1,493               5,466   5,820
 ounces):

 All-in Sustaining
 Cost per ounce    $ 1,192  $ 1,076             $ 1,149 $ 929
 ($/oz)

(1) Other Expense is adjusted for Hope Bay care and maintenance of $144, $17, $15, and $17; Restructuring and other charges of $58, $0, $10, and $0; and Acquisition costs of $12, $22, $0, and $0 for 2012, 2011, Q4 2012 and Q4 2011, respectively.

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.

CAS per ounce/pound( )


                Gold((1))                    Copper((2))
                Years Ended December 31,( )  Years Ended December 31,
                                             ( )
                2012     2011     2010 ( )   2012     2011     2010 ( )



( )CAS:( )

 Consolidated                       3,054                        430
 per financial  $ 3,703  $ 3,440  $ ( )      $ 535    $ 450    $ ( )
 statements( )

 Noncontrolling   (362)    (442)    (395)      (198)    (171)    (169)
 interests((3))                     ( )                          ( )

 Attributable   $ 3,341  $ 2,998  $ 2,659    $ 337    $ 279    $ 261
 to Newmont( )                      ( )                          ( )



( )Gold/Copper sold
(thousand
ounces/million pounds):

 Consolidated     5,466    5,820    6,296      229      356      539
 ( )                                ( )                          ( )

 Noncontrolling   (679)    (795)    (1,043)    (84)     (153)    (247)
 interests((3))                     ( )                          ( )

 Attributable                       5,253                        292
 to Newmont(      4,787    5,025    ( )        145      203      ( )
 (4))



( )CAS per
ounce/pound:( )

 Consolidated   $ 677    $ 591    $ 485 ( )  $ 2.34   $ 1.26   $ 0.80
 ( )                                                             ( )

 Attributable   $ 698    $ 597    $ 506 ( )  $ 2.33   $ 1.37   $ 0.89
 to Newmont( )                                                   ( )



((1))Consolidated CAS per financial statements includes by-product
credits of $231, $291 and $245 for 2012, 2011 and 2010, respectively.
( )

((2))Consolidated CAS per financial statements includes by-product
credits of $11, $28 and $29 for 2012, 2011 and 2010, respectively.( )

((3))Relates to partners' interests in Batu Hijau and Yanacocha.( )

((4))Does not include any sales from our non-consolidated interests in
LaZanja and Duketon.( )

Net attributable CAS per ounce
                                     Years Ended December 31,
                                     2012     2011       2010



( )Attributable CAS:( )

 Gold( )                             $ 3,341  $ 2,998    $ 2,659

 Copper ( )                            337      279        261
                                       3,678    3,277      2,920



( )Copper revenue:( )

 Consolidated( )                       (785)    (1,262)    (1,848)

 Noncontrolling interests((1))         289      542        847
                                       (496)    (720)      (1,001)

( )Net attributable CAS( )           $ 3,182  $ 2,557    $ 1,919



( )Attributable gold ounces sold       4,787    5,025      5,253
(thousands)( )



( )Net attributable CAS per ounce( ) $ 665    $ 509      $ 365



((1))Relates to partners' interests in Batu Hijau.

Conference Call Information Newmont Mining Corporation (NYSE: NEM) announced it will report Fourth Quarter and Year-End 2012 results after the market closes on Thursday, February 21, 2013. A conference call will be held on Friday, February 22, 2013 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 |866.380.6745

| ||Number |

| ||________|_____________________________________________________________________________________________________________ _________________________________________________| ||Intl |

| ||Replay |203.369.0348

| ||Number |

| ||________|_____________________________________________________________________________________________________________ _________________________________________________| ||Replay |2013

| ||Passcode|

| ||________|_____________________________________________________________________________________________________________ _________________________________________________| || |

| ||________|_____________________________________________________________________________________________________________ _________________________________________________| |Webcast Details

| |_______________________________________________________________________________________________________________________ _________________________________________________| ||URL |http://services.choruscall.com/links/newmont130222.html| ||________|_____________________________________________________________________________________________________________ _________________________________________________|

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 of future production and sales; (ii) estimates of future CAS; (iii) estimates of future consolidated and attributable capital expenditures, CAS, and all-in sustaining cost; and (iv) 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 Form 10-K, filed on February 22, 2013, 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 13 for reconciliation. [2] Attributable gold CAS was $698 per ounce for 2012. [3] Non-GAAP measure. See page 13 for reconciliation. [4] Please see Newmont's Form 10-K filed on February 21, 2013. [5] Outlook referenced in the table above and elsewhere in this release is based upon management's good faith estimates as of February 21, 2013 and are considered "forward-looking statements." References to outlook guidance are based on current mine plans, assumptions noted above and current geotechnical, metallurgical, hydrological and other physical conditions, which are subject to risk and uncertainty as discussed in the "Cautionary Statement" on page 15 and in the section entitled "Risk Factors" in the Company's form 10-K. [6] 2013 Annual CAS, inclusive of hedge gains and losses, are expected to change by approximately $13 per ounce for every $10 change in the oil price and by approximately $6 per ounce for every $0.10 change in the Australian dollar exchange rate.

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: http://www.newswire.ca/en/releases/archive/February2013/21/c7683.html

CO: Newmont Mining Corporation ST: Colorado NI: MNG ERN EST ERN CONF

-0- Feb/22/2013 01:30 GMT

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