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Newmont Announces Second Quarter 2013 Results

  Newmont Announces Second Quarter 2013 Results

Consolidated spending^1 down $362 million or 10% vs. first half of 2012; 2013
capital expenditure guidance lowered by $200 million in total

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

Business Wire

DENVER -- July 26, 2013

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

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

                    Second Quarter Financial Highlights^2

  *Revenues of $2.0 billion;
  *Attributable gold and copper production of 1.167 million ounces and 34
    million pounds, down 1% and 11%, respectively, from the prior year
    quarter; attributable gold and copper sales of 1.213 million ounces and 37
    million pounds, up 6% and 23%, respectively, from the prior year quarter;
  *Consolidated spending^1 down $362 million year-to-date compared to the
    first half of 2012;
  *All-in sustaining costs^3 of $1,136 per ounce, excluding stockpile
    write-downs or $1,548 per ounce, reflecting stockpile write-downs;
  *Gold and copper costs applicable to sales (“CAS”)^4 of $724 per ounce and
    $2.53 per pound, excluding stockpile write-downs, or $885 per ounce and
    $8.53 per pound reflecting stockpile write-downs;
  *Average realized gold and copper prices of $1,386 per ounce and $2.66 per
    pound, respectively;
  *Cash flow from continuing operations of $293 million or $732 million
    year-to-date;
  *Dividends paid of $174 million;
  *Maintaining full year 2013 attributable gold and copper production
    outlook^5 of 4.8 – 5.1 million ounces and 150 – 170 million pounds,
    respectively;
  *Maintaining annual gold CAS outlook of $675 to $750 per ounce, excluding
    stockpile write-downs, or adjusted to $750 to $825 per ounce, including
    stockpile write-downs; and
  *As previously announced, Newmont’s Board of Directors approved a third
    quarter gold price-linked dividend of $0.25 per share^6 based upon the
    average London P.M. Gold Fix for the second quarter.

Impairments

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

                                  Operations

North America

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

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

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

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

South America

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

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

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

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

Australia/New Zealand

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

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

Other Australia/New Zealand – Attributable gold production^7 during the second
quarter was 247,000 ounces at CAS of $1,124 per ounce. Gold production
increased 17% from the prior year quarter due to higher mill throughput at
Waihi as a result of a mill shutdown in the prior year quarter and higher mill
throughput and ore grade from underground sources at Tanami partially offset
by lower grade at Jundee and Kalgoorlie. CAS per ounce increased 28% due to a
stockpile write-down of $200 per ounce as a result of lower gold prices, the
remaining increase in cost is due to higher mining costs at Jundee. All-in
sustaining costs were $1,417 per ounce for the quarter. Excluding the impact
of the stockpile write-downs, all-in sustaining costs were $1,217 per ounce
for the quarter.

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

Indonesia

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

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

Africa

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

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

                                Capital Update

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

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

2013 Outlook^8

                                 Consolidated   Consolidated
                  Attributable   CAS            CAS            Consolidated   Attributable
                 Production    inclusive     exclusive     Capital       Capital
                                 of stockpile   of stockpile   Expenditures   Expenditures
                                 write-downs    write-downs
Region           (Kozs, Mlbs)  ($/oz, $/lb)  ($/oz, $/lb)  ($M) ^c       ($M) ^c
                                 ^b             ^b
Nevada ^a         1,700 -        $600 - $650    $600 - $650    $525 - $575    $525 - $575
                  1,800
La Herradura     200 - 250     $650 - $700   $650 - $700   $125 - $175   $125 - $175
North America    1,900 -       $600 - $650   $600 - $650   $675 - $725   $675 - $725
                  2,000
Yanacocha         475 - 525      $650 - $700    $600 - $650    $225 - $275    $100 - $150
La Zanja          40 - 50        -              -              -              -
Conga            -             -             -             $200 - $250   $100 - $125
South America    550 - 600     $650 - $700   $600 - $650   $425 - $525   $200 - $275
Boddington        700 - 750      $1,050 -       $850 - $950    $100 - $150    $100 - $150
                                 $1,150
Other            925 - 975     $1,000 -      $950 -        $175 - $225   $175 - $225
Australia/NZ                     $1,100         $1,050
Australia/New    1,625 -       $1,000 -      $900 -        $300 - $350   $300 - $350
Zealand           1,725          $1,100         $1,000
Batu Hijau,      20 - 30       $2,100 -      $900 -        $75 - $125    $25 - $75
Indonesia^d                      $2,300         $1,000
Ahafo             525 - 575      $550 - $600    $550 - $600    $350 - $400    $350 - $400
Akyem            50 - 100      $450 - $500   $450 - $500   $225 - $275   $225 - $275
Africa           625 - 675     $525 - $575   $525 - $575   $600 - $650   $600 - $650
Corporate/Other  -             -             -             $20 - $30     $20 - $30
Total Gold       4,800 -       $750 - $825   $675 - $750   $2,200 -      $1,900 -
                  5,100                                        $2,400         $2,100
Boddington        70 - 80        $2.75 -        $2.45 -        -              -
                                 $2.95          $2.65
Batu Hijau        75 - 90        $4.70 -        $2.20 -        -              -
                                 $5.10          $2.40
Total Copper     150 - 170     $4.05 -       $2.25 -                    
                                 $4.40          $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 $750 - $825 per ounce inclusive of
stockpile write-downs or $675-$750 per ounce exclusive of stockpile
write-downs. CAS Outlook is inclusive of hedge gains and losses.
^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     Attributable
                                             Expenses ($M)     Expenses ($M)
General & Administrative                    $180 - $230      $180 - $230
DD&A excluding stockpile write-downs         $1,050 - $1,100   $900 - $950
DD&A including stockpile write-downs         $1,250 - $1,300   $1,000 - $1,050
Exploration Expense                          $250 - $300       $225 - $275
Advanced Projects & R&D                      $300 - $350       $250 - $300
Other Expense                                $250 - $300       $200 - $250
Sustaining Capital                           $1,300 - $1,400   $1,100 - $1,200
Interest Expense                             $225 - $275       $200 - $250
Tax Rate                                     5% - 10%          5% - 10%
All-in sustaining cost excluding stockpile   $1,100 - $1,200   $1,100 - $1,200
write-downs ($/ounce)^a,b
All-in sustaining cost including stockpile  $1,200 - $1,300  $1,200 - $1,300
write-downs ($/ounce)^a,b
                                                             

^a All-in sustaining cost (“AISC”) is a non-GAAP metric defined by the World
Gold Council (“WGC”) as the sum of costs applicable to sales, remediation
costs (include operating accretion and amortization of asset retirement
costs), G&A, exploration expense, advanced projects and R&D, other expense,
net of one-time adjustments and sustaining capital, less copper sales. See
pages 15-17 for a description of this metric. Note that in accordance with the
changes to the AISC definition adopted by the WGC in June 2013 the Company has
updated its metric to include remediation costs, which were not included in
the AISC outlook previously presented by the Company.

^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.


________________________________
^1 Non-GAAP measure. See reconciliation at the end of this release to costs
applicable to sales which was $2,697M and $2,019M for the six months ended
June 30, 2013 and 2012, respectively.
^2 Amounts reported are on a consolidated basis, unless otherwise indicated.
^3 Non-GAAP measure. See reconciliation at the end of this release to costs
applicable to sales which was $1,653M and $1,002 for the three months ended
June 30, 2013 and 2012, respectively.
^4 CAS excludes Amortization and Reclamation and remediation. See
reconciliation at the end of this release.
^5 Outlook reported in this release constitutes forward looking statements.
See footnote 8 and cautionary statement at the end of this release.
^6 Payable on September 27, 2013 to shareholders of record as of September 5,
2013.
^7 Includes 14,000 and 5,000 attributable ounces in the second quarter 2013
and 2012, respectively, from our interest in Duketon.
^8 2013 Outlook and 2013 Expense Outlook referenced in this release are based
upon management’s good faith estimates as of July 25, 2013 and are considered
“forward-looking statements.” References to outlook guidance are based on
current mine plans, assumptions including, without limitation, metal prices,
oil, prices, Australian dollar exchange rate, 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.



NEWMONT MINING CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(unaudited, in millions except per share)

                              Three Months Ended      Six Months Ended
                               June 30,                 June 30,
                               2013        2012        2013        2012
                                                                       
Sales                          $ 1,993      $ 2,229     $ 4,170      $ 4,912
                                                                       
Costs and expenses
Costs applicable to sales        1,653        1,002       2,697        2,019
^(1)
Amortization                     415          248         682          479
Reclamation and remediation      18           16          36           32
Exploration                      76           106         135          194
Advanced projects, research      46           82          98           184
and development
General and administrative       54           57          110          111
Write -downs                     2,261        -           2,262        -
Other expense, net              77         126       176        246   
                                4,600      1,637     6,196      3,265 
Other income (expense)
Other income, net                50           36          76           69
Interest expense, net           (70    )    (71   )    (135   )    (123  )
                                (20    )    (35   )    (59    )    (54   )
Income (loss) before income
and mining tax and other         (2,627 )     557         (2,085 )     1,593
items
Income and mining tax            325          (175  )     144          (518  )
benefit (expense)
Equity income (loss) of         (3     )    (11   )    (7     )    (30   )
affiliates
Income (loss) from               (2,305 )     371         (1,948 )     1,045
continuing operations
Income (loss) from              74         -         74         (71   )
discontinued operations
Net income (loss)                (2,231 )     371         (1,874 )     974
Net loss (income)
attributable to                 212        (92   )    170        (205  )
noncontrolling interests
Net income (loss)
attributable to Newmont        $ (2,019 )   $ 279      $ (1,704 )   $ 769   
stockholders
                                                                       
Net income (loss)
attributable to Newmont
stockholders:
Continuing operations          $ (2,093 )   $ 279       $ (1,778 )   $ 840
Discontinued operations         74         -         74         (71   )
                               $ (2,019 )   $ 279      $ (1,704 )   $ 769   
Income (loss) per common
share
Basic:
Continuing operations          $ (4.21  )   $ 0.56      $ (3.58  )   $ 1.69
Discontinued operations         0.15       -         0.15       (0.14 )
                               $ (4.06  )   $ 0.56     $ (3.43  )   $ 1.55  
Diluted:
Continuing operations          $ (4.21  )   $ 0.56      $ (3.58  )   $ 1.67
Discontinued operations         0.15       -         0.15       (0.14 )
                               $ (4.06  )   $ 0.56     $ (3.43  )   $ 1.53  
                                                                       
Cash dividends declared per    $ 0.35       $ 0.35      $ 0.775      $ 0.70
common share

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


NEWMONT MINING CORPORATION



CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited, in millions)
                                                  
                       Three Months Ended June 30,   Six Months Ended June 30,
                       2013            2012         2013          2012
                       
Operating
activities:
Net income (loss)      $  (2,231  )     $ 371        $  (1,874  )   $ 974
Adjustments:
Amortization              415             248           682           479
Stock based
compensation and          19              19            38            36
other non-cash
benefits
Reclamation and           18              16            36            32
remediation
Income (loss) from
discontinued              (74     )       -             (74     )     71
operations
Write-downs               2,261           -             2,262         -
Impairment of
marketable                7               8             11            32
securities
Deferred income           (508    )       67            (519    )     12
taxes
Gain on asset sales,      -               -             (1      )     (10    )
net
Other operating
adjustments and           559             34            632           106
write-downs
Net change in
operating assets and     (173    )      (412  )      (461    )    (768   )
liabilities
Net cash provided
from continuing           293             351           732           964
operations
Net cash used in
discontinued             (5      )      (4    )      (11     )    (8     )
operations
Net cash provided        288           347         721         956    
from operations
Investing
activities:
Additions to
property, plant and       (610    )       (882  )       (1,120  )     (1,578 )
mine development
Acquisitions, net         (5      )       (11   )       (13     )     (22    )
Sale of marketable        -               106           1             106
securities
Purchases of
marketable                -               (53   )       (1      )     (196   )
securities
Proceeds from sale        24              1             49            13
of other assets
Other                    (7      )      (20   )      (21     )    (37    )
Net cash used in         (598    )      (859  )      (1,105  )    (1,714 )
investing activities
Financing
activities:
Proceeds from debt,       907             (3    )       987           3,343
net
Repayment of debt         (534    )       (34   )       (534    )     (1,941 )
Payment of
conversion premium        -               -             -             (172   )
on debt
Proceeds from stock       1               13            2             15
issuance, net
Sale of
noncontrolling            -               -             32            -
interests
Acquisition of
noncontrolling            (4      )       -             (10     )     -
interests
Dividends paid to
noncontrolling            (2      )       (3    )       (2      )     (3     )
interests
Dividends paid to         (174    )       (174  )       (385    )     (347   )
common stockholders
Other                    (2      )      1           (3      )    (1     )
Net cash provided
from (used in)           192           (200  )      87          894    
financing activities
Effect of exchange       (12     )      (3    )      (16     )    1      
rate changes on cash
Net change in cash        (130    )       (715  )       (313    )     137
and cash equivalents
Cash and cash
equivalents at           1,378         2,612       1,561       1,760  
beginning of period
Cash and cash
equivalents at end     $  1,248        $ 1,897     $  1,248      $ 1,897  
of period
                                                                             

NEWMONT MINING CORPORATION



CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited, in millions)
                                                           
                                                At June 30,   At December 31,
                                                2013          2012
ASSETS
Cash and cash equivalents                       $  1,248      $     1,561
Trade receivables                                  257              283
Accounts receivable                                289              577
Investments                                        628              86
Inventories                                        803              796
Stockpiles and ore on leach pads                   738              786
Deferred income tax assets                         215              195
Other current assets                              844            1,661
Current assets                                     5,022            5,945
Property, plant and mine development, net          16,244           18,010
Investments                                        485              1,446
Stockpiles and ore on leach pads                   2,729            2,896
Deferred income tax assets                         1,188            481
Other long-term assets                            808            872
Total assets                                    $  26,476    $     29,650
LIABILITIES
Debt                                            $  48         $     10
Accounts payable                                   551              657
Employee-related benefits                          261              339
Income and mining taxes                            60               51
Other current liabilities                         1,278          2,084
Current liabilities                                2,198            3,141
Debt                                               6,726            6,288
Reclamation and remediation liabilities            1,471            1,457
Deferred income tax liabilities                    806              858
Employee-related benefits                          598              586
Other long-term liabilities                       439            372
Total liabilities                                 12,238         12,702
                                                              
EQUITY
Common stock                                       789              787
Additional paid-in capital                         8,431            8,330
Accumulated other comprehensive income (loss)      (71    )         490
Retained earnings                                 2,077          4,166
Newmont stockholders’ equity                       11,226           13,773
Noncontrolling interests                          3,012          3,175
Total equity                                      14,238         16,948
Total liabilities and equity                    $  26,476    $     29,650
                                                                    

Regional Operating Statistics
Production Statistics Summary
                             
                               Three Months Ended June  Six Months Ended June
                               30,                       30,
                               2013          2012       2013         2012
Consolidated gold ounces
produced (thousands):
North America
Nevada                         383            378        765           813
La Herradura                   54             59         109           113
                               437            437        874           926
South America
Yanacocha                      291            390        577           756
                                                                       
Australia/New Zealand
Boddington                     171            180        347           342
Other Australia/New Zealand    233            207        478           472
                               404            387        825           814
                                                                       
Indonesia
Batu Hijau                     13             16         27            38
                                                                       
Africa
Ahafo                          139            132        264           307
                               1,284          1,362      2,567         2,841
                                                                       
Consolidated copper pounds
produced (millions):
Boddington                     16             18         35            32
Batu Hijau                     36             42         76            85
                               52             60         111           117
                                                                       
Attributable gold ounces
produced (thousands):
North America
Nevada                         383            378        765           813
La Herradura                   54             59         109           113
                               437            437        874           926
South America
Yanacocha                      150            200        296           388
Other South America Equity     17             13         32            26
Interests
                               167            213        328           414
                                                                       
Australia/New Zealand
Boddington                     171            180        347           342
Other Australia/New Zealand    233            207        478           472
Other Asia Pacific Equity      14             5          29            9
Interests
                               418            392        854           823
                                                                       
Indonesia
Batu Hijau                     6              8          13            19
                                                                       
Africa
Ahafo                          139            132        264           307
                               1,167          1,182      2,333         2,489
                                                                       
Attributable copper pounds
produced (millions):
Asia Pacific
Boddington                     16             18         35            32
Batu Hijau                     18             20         37            41
                               34             38         72            73
                                                                       

CAS and Capital                                               
Expenditures
                       Three Months Ended June 30,   Six Months Ended June 30,
                       2013            2012          2013            2012
Gold
Costs Applicable to
Sales ($/ounce)^(1)
North America
Nevada                 $   691         $  718        $   730         $  663
La Herradura              784           569          750           574
                          702           697          732           652
South America
Yanacocha                  662            466            616            462
                                                                     
Asia Pacific
Boddington                 1,307          947            1,086          862
Other Australia/New       1,124         880          1,042         812
Zealand
                          1,206         910          1,062         837
Indonesia
Batu Hijau                 5,299          943            3,682          924
                                                                     
Africa
Ahafo                     596           583          577           575
Average                $   885         $  681       $   824         $  649
Attributable to        $   889         $  711       $   837         $  672
Newmont
Copper
Costs Applicable to
Sales ($/pound)^(1)
Boddington             $   3.25        $  2.79       $   2.78        $  2.34
Batu Hijau                11.23         2.20         7.71          2.08
Average                $   8.53        $  2.35      $   5.75        $  2.14
Attributable to        $   7.13        $  2.40      $   4.87        $  2.17
Newmont

^(1)Consolidated Costs applicable to sales excludes Amortization and
Reclamation and remediation.
                                                                     
                       Three Months Ended June 30,   Six Months Ended June 30,
                       2013            2012          2013            2012
Consolidated Capital
Expenditures ($
million)
North America
Nevada                 $   137         $  213        $   243         $  370
La Herradura              45            8            64            29
                          182           221          307           399
South America
Yanacocha                  41             150            89             243
Conga                      75             195            161            342
Other South America       16            (7    )       37            20
                          132           338          287           605
Asia Pacific
Boddington                 29             29             54             52
Other Australia/New        40             67             80             137
Zealand
Other Asia Pacific        2             5            3             8
                          71            101          137           197
Indonesia
Batu Hijau                 33             28             56             61
                                                                     
Africa
Ahafo                      56             58             116            108
Akyem                     91            104          159           189
                          147           162          275           297
Corporate and Other       7             6            7             17
Total - Accrual        $   572         $  856       $   1,069       $  1,576
Basis
Change in Capital         38            26           51            2
Accrual
Total - Cash Basis     $   610         $  882       $   1,120       $  1,578
Attributable to
Newmont (Accrual       $   499         $  674       $   919         $  1,260
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 (loss) to GAAP Net Income (loss)

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

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

                        Three Months Ended June    Six Months Ended June 30,
                         30,
                         2013            2012       2013              2012
Net income (loss)
attributable to          $  (2,019  )     $  279       $  (1,704  )    $ 769
Newmont stockholders
Loss (income) from
discontinued                (74     )        -             (74     )      71
operations
Impairments/asset           1,497            7             1,501          24
sales, net
Tax valuation               535              -             535            -
allowance
Restructuring and           11               -             16             -
other
Boddington contingent       -                8             -              8
consideration
TMAC transaction costs     -              -            30           -
Adjusted net income      $  (50     )     $  294        $  304         $ 872
(loss)
Adjusted net income
(loss) per share,        $  (0.10   )     $  0.59       $  0.61         $ 1.76
basic
Adjusted net income
(loss) per share,        $  (0.10   )     $  0.59       $  0.61         $ 1.74
diluted
                                                                          

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

CAS per Ounce/Pound

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

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

Costs applicable to  
sales per ounce
                       Three Months Ended June 30,  Six Months Ended June 30,
                       2013           2012          2013           2012
                                                                       
Costs applicable to
sales:
Consolidated per
financial              $  1,178        $  894        $  2,127        $ 1,796
statements^(1)
Noncontrolling           (128   )       (96    )     (208   )      (187  )
interests^(2)
Attributable to        $  1,050       $  798       $  1,919       $ 1,609 
Newmont
                                                                       
Gold sold (thousand
ounces):
Consolidated              1,331           1,313         2,583          2,768
Noncontrolling           (150   )       (191   )     (290   )      (373  )
interests^(2)
Attributable to          1,181         1,122       2,294        2,395 
Newmont
                                                                       
Costs applicable to
sales per ounce:
Consolidated           $  885          $  681        $  824          $ 649
Attributable to        $  889          $  711        $  837          $ 672
Newmont

^(1)Includes by-product credits of $48 and $88 in the second quarter and first
six months of 2013, respectively and $48 and $106 in the second quarter and
first six months of 2012, respectively. Also includes stockpile and leach pad
write-downs of $48 at Yanacocha, $86 at Boddington, $47 at Other Australia/New
Zealand, and $366 at Batu Hijau.
^(2)Relates to partners' interests in Batu Hijau and Yanacocha.


Costs applicable to
sales per pound
                      Three Months Ended June 30,  Six Months Ended June 30,
                       2013           2012          2013          2012
                                                                       
Costs applicable to
sales:
Consolidated per
financial              $   475         $  108        $  570         $  223
statements^(1)
Noncontrolling            (213  )       (36   )      (237  )       (80   )
interests^(2)
Attributable to        $   262        $  72        $  333        $  143   
Newmont
                                                                       
Copper sold (million
pounds):
Consolidated               56             46            99             104
Noncontrolling            (19   )       (16   )      (31   )       (38   )
interests^(2)
Attributable to           37           30          68           66    
Newmont
                                                                       
Costs applicable to
sales per pound:
Consolidated           $   8.53        $  2.35       $  5.75        $  2.14
Attributable to        $   7.13        $  2.40       $  4.87        $  2.17
Newmont

^(1)Includes by-product credits of $1 and $2 in the second quarter and first
six months of 2013, respectively and $2 and $5 in the second quarter and first
six months of 2012, respectively. Also includes stockpile and leach pad
write-downs of $48 at Yanacocha, $86 at Boddington, $47 at Other Australia/New
Zealand, and $366 at Batu Hijau.
^(2)Relates to partners' interests in Batu Hijau.


Net attributable costs applicable to sales per ounce
                      Three Months Ended June 30,  Six Months Ended June 30,
                       2013           2012          2013           2012
                                                                       
Attributable costs
applicable to sales:
Gold                   $  1,050        $  798        $  1,919        $ 1,609
Copper                   262           72          333          143   
                         1,312         870         2,252        1,752 
                                                                       
Copper revenue:
Consolidated              (148   )        (130   )      (283   )       (363  )
Noncontrolling           51            45          87           134   
interests^(1)
                         (97    )       (85    )     (196   )      (229  )
Net attributable
costs applicable to    $  1,215       $  785       $  2,056       $ 1,523 
sales
                                                                       
Attributable gold
ounces sold               1,181           1,122         2,294          2,395
(thousands)
Net attributable
costs applicable to    $  1,029        $  700        $  896          $ 636
sales per ounce
                                                                       
^(1)Relates to partners' interests in Batu Hijau.


All-In Sustaining Costs

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

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

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

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

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

               Costs                      Advanced                     Other                            All-In      Ounces     All-In
                                                                                                                                         Sustaining
Three Months    Applicable     Remediation   Projects      General and      Expense,   Sustaining    Copper     Sustaining   Sold        Costs
Ended                                        and
June 30, 2013   to             Costs^(3)     Exploration   Administrative   Net^(4)    Capital^(5)   Sales      Costs        (000)^(6)   per
                Sales^(1)(2)                                                                                                             ounce^(2)
                                                                                                                                            
Nevada          $    276       $     4       $    28       $       -        $  3       $     78      $ -        $   389      399         $  975
La Herradura         42              -            15               -           -             41        -            98       54             1,815
Other North         -              -           -               -          1           -        -          1       -             
America
North America       318            4           43              -          4           119      -          488     453           1,077
                                                                                                                                            
Yanacocha            197             23           10               -           23            33        -            286      296            966
Other South         -              -           5               -          -           -        -          5       -             
America
South America       197            23          15              -          23          33       -          291     296           983
Attributable                                                                                                       152      152           1,000
to Newmont
                                                                                                                                            
Boddington           314             2            -                -           -             29        (49  )       296      193            1,534
Other
Australia/New       263            5           12              -          16          37       -          333     235           1,417
Zealand
Australia/New       577            7           12              -          16          66       (49  )      629     428           1,470
Zealand
                                                                                                                                            
Batu Hijau           476             3            5                -           7             33        (99  )       425      12             35,417
Other               -              -           -               -          1           -        -          1       -             
Indonesia
Indonesia           476            3           5               -          8           33       (99  )      426     12            35,500
Attributable                                                                                                       207     6             34,500
to Newmont
                                                                                                                                            
Ahafo                85              1            11               -           7             30        -            134      142            944
Akyem                -               -            2                -           -             -         -            2        -
Other Africa        -              -           5               -          1           -        -          6       -             
Africa              85             1           18              -          8           30       -          142     142           1,000
                                                                                                                                            
Corporate and       -              -           29              54         (5  )        6        -          84      -             
Other
Consolidated    $    1,653     $     38      $    122      $       54       $  54     $     287     $ (148 )   $   2,060   1,331       $  1,548
Attributable
to                                                                                                              $   1,702   1,181       $  1,441
Newmont^(6)

(1)Excludes Amortization and Reclamation and remediation.
(2)Includes stockpile and leach pad write-downs of $48 at Yanacocha, $86 at
Boddington, $47 at Other Australia/New Zealand, and $366 at Batu Hijau.
(3)Remediation costs include operating accretion and amortization of asset
retirement costs.
(4)Other expense, net is adjusted for restructuring of $21.
(5)Excludes capital expenditures for the following development projects:
Phoenix Copper Leach, Turf Vent Shaft, Yanacocha Bio Leach, Conga, Merian,
Ahafo Mill Expansion, and Akyem for 2013.
(6)Excludes our attributable production from La Zanja and Duketon.


               Costs                    Advanced                     Other                           All-In      Ounces     All-In
                                                                                                                                      Sustaining
Three Months    Applicable   Remediation   Projects      General and      Expense,   Sustaining    Copper    Sustaining   Sold        Costs
Ended                                      and
June 30, 2012   to           Costs^(2)     Exploration   Administrative   Net^(3)    Capital^(4)   Sales     Costs        (000)^(5)   per
                Sales^(1)                                                                                                             ounce^(2)
                                                                                                                                          
Nevada          $   258      $    3        $    43       $       -        $   5      $     173     $ -       $   482      361         $   1,335
La Herradura        33            -             11               -            -            7         -           51       59              864
Other North        -            -            1               -           2           -        -          3       -              
America
North America      291          3            55              -           7           180      -          536     420            1,276
                                                                                                                                          
Yanacocha           177           9             18               -            20           145       -           369      380             971
Conga               -             -             12               -            -            -         -           12       -
Other South        -            -            19              -           -           -        -          19      -              
America
South America      177          9            49              -           20          145      -          400     380            1,053
Attributable                                                                                                    215      194            1,108
to Newmont
                                                                                                                                          
Boddington          195           2             2                -            1            29        (42)        187      164             1,140
Other
Australia/New      182          5            22              -           16          52       -          277     206            1,345
Zealand
Australia/New      377          7            24              -           17          81       (42)       464     370            1,254
Zealand
                                                                                                                                          
Batu Hijau          81            3             7                -            10           28        (88)        41       12              3,417
Other              -            -            -               -           (4)         -        -          (4)     -              
Indonesia
Indonesia          81           3            7               -           6           28       (88)       37      12             3,083
Attributable                                                                                                    16      6              2,667
to Newmont
                                                                                                                                          
Ahafo               76            (1)           11               -            6            21        -           113      131             863
Akyem               -             -             5                -            -            -         -           5        -
Other Africa       -            -            3               -           -           -        -          3       -              
Africa             76           (1)          19              -           6           21       -          121     131            924
                                                                                                                                          
Corporate and      -            -            34              57          6           6        -          103     -              
Other
Consolidated    $   1,002    $    21       $    188      $       57       $   62     $     461     $ (130)   $   1,661   1,313       $   1,265
Attributable
to                                                                                                           $   1,455   1,121       $   1,298
Newmont^(5)

(1)Excludes Amortization and Reclamation and remediation.
(2)Remediation costs include operating accretion and amortization of asset
retirement costs.
(3)Other expense, net is adjusted for Hope Bay care and maintenance of $52 and
Boddington contingent consideration of $12.
(4)Excludes capital expenditures for the following development projects:
Phoenix Copper Leach, Turf Vent Shaft, Emigrant, Yanacocha Bio Leach, Conga,
Merian, Tanami Shaft, Ahafo Mill Expansion, and Akyem for 2012.
(5)Excludes our attributable production from La Zanja and Duketon.


Consolidated Spending ($M)                          Six Months Ended June 30,
                                                     2013           2012
Cost applicable to sales^(1)                             2,149         2,019
Advanced projects, research and development, and         233            378
Exploration
General and administrative                               110            111
Other expense, net^(2)                                   103            132
Sustaining capital                                      525           842
Consolidated Spending                                $   3,120       $  3,482

(1) Cost applicable to sales is adjusted to exclude the Q2 2013 stockpile
write-down adjustment of $548 to the six months ended June 30, 2013, from
$2,697.
(2) Other expense, net is adjusted for restructuring of $30, TMAC transaction
costs of $45, and Hope Bay care and maintenance of ($2) for 2013; and Hope Bay
care and maintenance of $102 and other acquisition costs of $12 for 2012.


Conference Call Information

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

Conference Call     
Details
Dial-In Number         888.566.1822
Intl Dial-In           312.470.7116
Number
Leader                 John Seaberg
Passcode               Newmont
Replay Number          866-397-1429
Intl Replay Number     203-369-0536
Replay Passcode        2013
                       
Webcast Details
URL                    http://services.choruscall.com/links/newmont130726.html
                       

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

Cautionary Statement Regarding Forward Looking Statements, Including 2013
Outlook:

This release contains “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which are intended to be covered
by the safe harbor created by such sections and other applicable laws. Such
forward-looking statements may include, without limitation: (i) estimates of
future production and sales; (ii) estimates of future costs applicable to
sales; (iii) estimates of future consolidated and attributable capital
expenditures, and all-in sustaining cost; (iv) plans and expectations to
reduce costs and expenditures; and (v) expectations regarding the development,
growth and exploration potential of the Company’s projects.Estimates or
expectations of future events or results are based upon certain assumptions,
which may prove to be incorrect. Such assumptions, include, but are not
limited to: (i) there being no significant change to current geotechnical,
metallurgical, hydrological and other physical conditions; (ii) permitting,
development, operations and expansion of the Company’s projects being
consistent with current expectations and mine plans; (iii) political
developments in any jurisdiction in which the Company operates being
consistent with its current expectations; (iv) certain exchange rate
assumptions for the Australian dollar to the U.S. dollar, as well as other the
exchange rates being approximately consistent with current levels; (v) certain
price assumptions for gold, copper and oil; (vi) prices for key supplies being
approximately consistent with current levels; and (vii) the accuracy of our
current mineral reserve and mineral resource estimates. Where the Company
expresses or implies an expectation or belief as to future events or results,
such expectation or belief is expressed in good faith and believed to have a
reasonable basis. However, such statements are subject to risks, uncertainties
and other factors, which could cause actual results to differ materially from
future results expressed, projected or implied by the “forward-looking
statements”. Such risks include, but are not limited to, gold and other metals
price volatility, currency fluctuations, increased production costs and
variances in ore grade or recovery rates from those assumed in mining plans,
political and operational risks, community relations, conflict resolution and
outcome of projects or oppositions and governmental regulation and judicial
outcomes. For a more detailed discussion of such risks and other factors, see
the Company’s 2012 Annual Report on Form 10-K, filed on February 22, 2013,
with the Securities and Exchange Commission, as well as the Company’s other
SEC filings. Investors are encouraged to review this release in conjunction
with the Form 10-Q for the second quarter expected to be filed on or around
July 25, 2013. The Company does not undertake any obligation to release
publicly revisions to any “forward-looking statement,” including, without
limitation, outlook, to reflect events or circumstances after the date of this
news release, or to reflect the occurrence of unanticipated events, except as
may be required under applicable securities laws. Investors should not assume
that any lack of update to a previously issued “forward-looking statement”
constitutes a reaffirmation of that statement. Continued reliance on
“forward-looking statements” is at investors' own risk.

Contact:

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