Gary Goldberg Assistant: Grigore Simon Assistant: Grigore Simon Assistant: Grigore Simon
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 16 May 23, 2012
Balance Sheet Strength
Strong Balance Sheet Provides Financial Flexibility to Support Growth
Investment grade balance sheet with $2.5B of liquidity at March 31, 2012
Net debt to capitalization of ~15% provides significant capacity for growth
No significant debt maturities until 2023
Strong operating cash flows support growth and returns to shareholders
Continued focus on discipl
1. Newmont Mining Corporation
2012 Investor Day
New York, NY
May 23, 2012
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
2. Cautionary Statement
This presentation 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 those sections and other applicable laws. Those forward-looking
statements include (without limitation) estimates and expectations of, and statements regarding: (i) the Company’s strategy and plans; (ii) future equity gold and equity
copper production; (iii) future operating, sales and other costs; (iv) future capital expenditures; (v) project returns; (vi) project start dates, ramp up, life, pipeline timelines,
including commencement of mining, drilling and stage gate advancement and expansion opportunities; (vii) potential ounces or tons and grades of reserves, NRM, pre-
NRM and potential resources; (viii) exploration pipeline, potential or upside, opportunities, growth and growth potential; (ix) dividend payments and increases; (x) future
liquidity, cash and balance sheet expectations; and (xi) other financial outlook indicators in relation to the Company’s operations and projects. Those forward-looking
statements include (without limitation) statements that use forward-looking terminology such as “may”, “will”, “expect”, “predict”, “anticipate”, “believe”, “continue”,
“potential”, “target”, “goal”, “opportunity”, “outlook”, or the negative or other variations of those terms or comparable terminology. Estimates or expectations of future events
or results are based upon certain assumptions, which may prove to be incorrect. Those assumptions include (without limitation): (i) there being no significant change to
current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company’s projects being
consistent with current expectations and mine plans; (iii) political, social and legal developments in any jurisdiction in which the Company conducts business 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 such supplies otherwise being available on bases consistent with the Company’s current expectations; and (vii) the accuracy of our current mineral reserve and
mineral resource estimates and exploration information. Where the Company expresses or implies an expectation or belief as to future events or results, that expectation or
belief is expressed in good faith and is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors that
could cause actual results to differ materially from future results expressed, projected or implied by the “forward-looking statements”. Those risks, uncertainties and other
factors include (without limitation): (i) gold and other metals price volatility; (ii) currency fluctuations; (iii) increased capital and operating costs, and scarcity of and
competition for required labor and supplies; (iv) variances in ore grade or recovery rates from those assumed in mining plans: (v) operating or technical difficulties; (vi)
political and operational risks; (vii) community relations, conflict resolution and outcome of projects or oppositions; and (viii) governmental regulation and judicial outcomes.
For a more detailed discussion of such risks and other factors, see the Company’s 2011 Annual Report on Form 10-K, filed on February 24, 2012, with the Securities and
Exchange Commission (“SEC”), as well as the Company’s other SEC filings. These forward-looking statements are not guarantees of future performance, given that they
involve risks and uncertainties. The Company does not undertake any obligation to release publicly revisions to any forward-looking statement 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. In addition, some of the statements in this presentation are based on assumptions or
methodologies (such as commodity prices) or subject to cautionary statements that are discussed in the notes found at the end of this presentation.
Cautionary Note to U.S. Investors – The United States SEC permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a
company can economically and legally extract or produce in accordance with the Industry Guide 7. We use the term “NRM” to refer to non-reserve mineralization as further
described in the Appendix hereto. We use certain terms on this presentation, which the SEC guidelines prohibit U.S. registered companies from including in their filings
with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K, which may be found on our website or the SEC’s website
http://www.sec.gov/edgar.shtml. Further information regarding measures is set forth in the Appendix hereto.
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 2 May 23, 2012
3. Agenda
9:30 Safety Briefing and Introduction
9:35 Strategic Update
Industry Challenges
Focused Growth with Disciplined Returns
Alternative Development Options
Conga Update
Balance Sheet Strength
Cost Efficiencies & Capital Sequencing
10:20 Q&A Session
11:00 Regional Operations &
Exploration Update
Regions
Exploration Update
11:45 Summary and Q&A Session
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 3 May 23, 2012
4. Safety Briefing
Ray Caltagirone, Director of Security
Emergency Exit
Elevators
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 4 May 23, 2012
5. Strategic Update
Richard O’Brien, President and CEO
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
6. What We Told You in 2011…..
Newmont Offers a Compelling Combination of Growth, Returns and Exploration Upside
Excerpt from Presentation Dated April 7, 2011, provided for illustrative purposes only. Does not constitute reaffirmation of excerpted data.
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 6 May 23, 2012
7. Addressing Industry Challenges
Increasing Resource Nationalism
Tax and royalty increases, more demands on social-license
and more pressure from host governments
Re-evaluating certain projects for re-sequencing based
on risk profile and return potential
Increasing Operating and Capital Pressures
Investors focused on cost control, increasing political and technical risk,
and returns on and of capital
Reducing G&A, rationalizing operations, deferring some earlier
stage projects & some exploration
Gold ETF Outperforming
Gold up 10% in 2011 and 142% over the last 5 years; senior gold equities down 15%
in 2011 and up 29%, respectively, during in the same period
Newmont led industry with Gold-linked dividend supporting return of capital
to shareholders, what could be next?
Mining Valuation Multiples Compressing
Diversified and Gold valuations down over 25% from 2010
Focused on enhancing per share performance
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 7 May 23, 2012
8. Key Events Since Newmont’s Last Investor Day – April 2011
February 2012
September 2011 Government of
Peru Announces
Enhanced Gold
Independent Expert
Price-Linked
EIA Review
Dividend
Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012
October 2011
July 2011 February 2012
Blockades
Full Funding November 2011 Gold Reserves
Temporarily Impact April 2012
Approved for Increased to
Yanacocha Access Suspension of
Conga and Tanami Record 99Moz Government of
Conga Construction Peru Releases
Activities Independent Expert
EIA Review
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 8 May 23, 2012
9. And In 2012, Enhancing Value Through Profitable Growth,
Disciplined Returns and Exploration Potential
Attributable Basis
Profitable
Profitable gold production potential of 6-7Moz by 20171
Growth
Disciplined
Disciplined risk-adjusted returns
Returns
Exploration
Option to add ~90 Moz Au and ~9 Blb Cu reserves between 2011-20202
Potential
Balance Sheet Access to capital with an investment grade balance sheet and strong
Strength operating cash flows to support profitable growth
Industry-
Leading Committed to returning capital to shareholders
Dividend
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 9 May 23, 2012
10. Profitable Growth with Disciplined Returns
Delivering Per Share Leadership
Gold Reserves per Thousand Shares Attributable Gold Production per Share
250 12.0
2011 2010 2009 2011 2010 2009
200 10.0
8.0
150
6.0
100
4.0
50
2.0
0 0.0
NEM ABX AEM GG KGC IMG NEM ABX AEM GG KGC IMG
Consolidated Operating Cash Flow per Share Dividends Paid per Share
$9.00
$1.20
2011 2010 2009
2011 2010 2009
$7.00 $1.00
$5.00 $0.80
$3.00 $0.60
$0.40
$1.00
NEM ABX AEM GG KGC IMG $0.20
-$1.00
$0.00
-$3.00 NEM ABX AEM GG KGC IMG
Basic Shares Outstanding as of 12/31/11 in millions: NEM 494, ABX 999, AEM 169, GG 804, KGC 1136, IMG 376
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 10 May 23, 2012
11. What We’ve Shared Recently About our Growth Potential
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 11 May 23, 2012
12. Our Current Growth Potential, Adjusted for Delays of our
Peruvian Projects, is Between 6 and 7 Million Ounces by 2017
Profitable Growth with Disciplined Returns 2017
8.0
Production
Potential
(6-7 Moz)4
7.0
Africa
2012 ~0.8 Moz
6.0 Attributable ~0.4 Akyem
Production N America Potential ~0.2 Subika
Outlook Decline S America Deferred Jundee, Batu Ahafo Mill
~0.2
~5.1 Moz3 (~0.1 Moz) Decline Projects ~0.2 Waihi GL
APAC
Au Production (Moz)
~0.2 Other/Ext.
5.0 (~0.5 Moz)
Africa Decline Lone Tree ~0.3 Merian
APAC
~0.6 Moz (~0.4 Moz) ~0.2 Long Canyon
S America ~0.3 Moz
~0.3 NV Exp./Other
~0.3 Moz
4.0 N America
~0.5 Moz
APAC
~1.9 Moz
3.0 Base:
~4.1
S America
~0.7 Moz
2.0
1.0 N America
~1.9 Moz
0.0
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 12 May 23, 2012
13. Alternative Development Options
Increased Financial Flexibility
Profitable Growth &
Disciplined Returns
North America Africa APAC
Lone Tree Autoclave Restart Ahafo North Jundee Extensions ~2014
~2014 ~2019 Au Production Potential: ~60koz
Au Production Potential: ~60koz Au Production Potential: ~210koz Development Capital: ~$100M
Development Capital: ~$100M Development Capital: ~$550M
Batu 3rd SAG ~2016
Cu Production Potential: ~60Mlb
Production potential reflects annual estimates Development Capital: ~$300M
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 13 May 23, 2012
14. Conga Update5: Conga Progressing on a Measured Basis Contingent Upon
Capital Cost Reductions and Future Community Support
Independent review confirmed EIA meets Peruvian and International standards
2012-2013 revised spending estimated at 2/3 less than originally planned
development capex during the same period (i.e., ~$440M versus ~$1.5 B attributable)
2012-2013 spending now focused primarily on water supply and quality
improvements, EPCM and camp maintenance and long lead equipment purchases
Further development of Conga contingent upon capital cost reductions required to
generate acceptable project returns as well as local community and Peruvian
government support
First potential production would be early 2017
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 14 May 23, 2012
15. Profitable Growth with Disciplined Returns
Potential Delayed Development of Peruvian Projects Could Defer ~1Moz of Gold
Production by 2017 as well as ~$3B of Capex
Potential Cash Flow
Production Potential4 2012 - 2017
Growth6
8,000
Potential Delayed Peruvian Projects –
Conga, Cerro Quilish, & Yanacocha ~7.0
7,000 Extensions ~6.5
Annual Attributable Gold Production (Moz)
6,000 ~5.4 ~6.0
~5.4
~5.2 ~5.8
~5.2
5,000 ~5.2
~5.0 ~5.0 ~5.1
4,000
Potential Production
3,000 Growth
Conga & Other
2,000 Base Gold S. America
Operations
Africa
1,000
APAC
N. America
0
2012 2013 2014 2015 2016 2017
*For Pro-Forma Assumptions See Footnote 6
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 15 May 23, 2012
16. Increased Focus on Reducing Costs Across the Business
Restructuring Team
Russell Ball
Exploration and Capital Expenditures Operations General &
Advanced Projects Administrative
Sponsor: Grigore Simon Sponsor: Gary Goldberg Sponsor: Gary Goldberg Sponsor: Russell Ball
2012 Expense Outlook 2012 Capex Outlook 2012 CAS Outlook 2012 G&A Outlook
Exploration: $360 - $3.0 - $3.3B $3.6B $210 - $230M
$390M
Advanced Projects:
$430 - $480M
*Note: Outlook on an Attributable Basis
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 16 May 23, 2012
17. Delivering on our Plans in a Safe, Environmentally and Socially
Responsible Manner
Dow Jones Sustainability Index (DJSI)
Fifth consecutive year selected to the DJSI World
ISO 14001 Certification
Certification complete at 100% of sites in 2011
International Cyanide Code Certification
100% Certification at all sites as of February 2012
Global Greenhouse Gas (GHG) Inventory
Global GHG inventory reported to The Climate Registry
(TCR) and verified by Bureau Veritas
Selected for the Carbon Disclosure Project (CDP) S&P 500 Leadership Index.
Mine Closure & Reclamation
Nevada Excellence in Mine Reclamation Awards and One Billion Trees Award
(Indonesia)
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 17 May 23, 2012
18. Delivering on our Plans in a Safe, Environmentally and Socially
Responsible Manner
Corporate Responsibility Magazine
Ranked 42nd overall in 2012 on 100 Best Corporate Citizens
Founding Member of the International Council on Mining and Metals and the
World Gold Council
Community Relationships Review (CRR)
Unprecedented independent review of Newmont relationships with communities;
implementation plans are underway to respond to the CRR recommendations
Rollout of our revised social responsibility
standards
Development and implementation of
our social audit program
Conflict Management training in
partnership with RESOLVE.
Implemented our ESR-Exploration
Guidebook
www.beyondthemine.com
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 18 May 23, 2012
19. Financial Overview
Russell Ball – EVP & CFO
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
20. Balance Sheet Strength
Strong Liquidity Position with Investment Grade Rating
Cash Flow from Operations ($B)
Large Liquidity Buffer
$4.0
$3.6 Cash and Cash Equivalents7 $2.6B
$3.5 Investments8 $1.7B
$3.2 Credit Facility9 $2.5B
$2.9
$3.0 Available Liquidity $6.8B
$2.5
$2.0
Investment Grade Ratings and Metrics
$1.5 $1.3
Credit Ratings BBB+ / Baa1 (stable)
$1.0
$0.7 Debt to Capitalization10 27.7%
$0.5 Debt to EBITDA11 1.2x
$0.0
2007 2008 2009 2010 2011
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 20 May 23, 2012
21. Revolving Credit Facility Renewal
Lower Rates, Larger Facility and Extended Maturity
LA/BR JP Morgan JP Morgan
Ratings at Close Baa1 / BBB+ Baa1 / BBB+
Current Ratings Baa1 / BBB+ Baa1 / BBB+
Maturity Date May 20, 2016 May 22, 2017
Size ($MM) 2,500.0 3,000.0
Revolving Credit Facility
Facility Description Revolving Credit Facility (Amend, upsize, and extend existing)
Tenor 5-years 1-year extension
Undrawn Cost (bps) 17.5 15.0
All In Drawn Cost (bps) 125.0 115.0
Facility Libor Facility Libor
Pricing Grid (bps) Ratings Fee Margin Drawn Ratings Fee Margin Drawn
223 ≥A2 / A 10.0 90.0 100.0 ≥A2 / A 7.5 80.0 87.5
A3 / A- 12.5 100.0 112.5 A3 / A- 10.0 90.0 100.0
Baa1 / BBB+ 17.5 107.5 125.0 Baa1 / BBB+ 15.0 100.0 115.0
Baa2 / BBB 25.0 125.0 150.0 Baa2 / BBB 20.0 120.0 140.0
<Baa3 / BBB- 30.0 157.5 187.5 <Baa3 / BBB- 25.0 140.0 165.0
*Highe r of *Highe r of
Financial Covenant Debt / Cap ≤ 62.5% Debt / Cap ≤ 62.5%
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 21 May 23, 2012
23. Gold Price-Linked Dividend13
~$600 Million Paid Over Last 4 Quarters
$5.00 Dividend increases / Dividend Dividend increases / decreases
decreases by $0.20/share increases / by $0.40/share for every $100/oz $4.70
$4.50 for every $100/oz change decreases by change in the gold price
in the gold price $0.30/share for $4.30
every $100/oz
$4.00 change in gold $3.90
price
Annualized Dividend per Share ($)
$3.50
$3.50 Paid $1.20 Per
Share Over Last 4
$3.10
Quarters
$3.00
Q2 2011 $0.20
$2.70
Q3 2011 $0.30
$2.50 Q4 2011 $0.35
$2.30
Q1 2012 $0.35
$2.00
$2.00
$1.70
$1.50 $1.40
$1.20
$1.00
$1.00
$0.80
$0.60
$0.50 $0.40
$0.00
$1,100 $1,200 $1,300 $1,400 $1,500 $1,600 $1,700 $1,800 $1,900 $2,000- $2,100- $2,200- $2,300- $2,400- $2,500
-$1,199 -$1,299 -$1,399 -$1,499 -$1,599 -$1,699 -$1,799 -$1,899 -$1,999 $2,099 $2,199 $2,299 $2,399 $2,499 -$2,599
Trailing Realized Gold Price ($/oz)
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 23 May 23, 2012
24. Gold Price Perspective
Russell Ball – EVP & CFO
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
25. Gold Price Perspective
Plenty of “Trading Headlines”, but Look to the Long-term Fundamentals
May 23, 2012
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 25 May 23, 2012
26. Gold Price History
Martin Murenbeeld (April 17, 2012)
May 23, 2012
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 26 May 23, 2012
27. Gold Price History
Martin Murenbeeld (April 17, 2012)
May 23, 2012
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 27 May 23, 2012
28. Gold Price Perspective
Martin Murenbeeld (April 17, 2012)
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 28 May 23, 2012
29. Gold Price Perspective
Bullish Fundamentals: Monetary Reflation II
Source: John Hathaway, Tocqueville Asset Management, L.P. April 2012Day Meeting, New York City | www.newmont.com
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 29 May 23, 2012
30. Gold Price Perspective
Bullish Fundamentals: Central Banks
Source: The Gartman Letter, May 22, 2012, New York City | www.newmont.com
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 30 May 23, 2012
31. Gold Price Perspective
Bullish Fundamentals: ETF’s and Investment Demand
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 31 May 23, 2012
32. Gold Price Perspective
Martin Murenbeeld (April 17, 2012)
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 32 May 23, 2012
33. Gold Price Perspective
Bearish Factors #4
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 33 May 23, 2012
34. Gold Price Perspective
Bearish Factors #8
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 34 May 23, 2012
35. Gold Price Forecast
Martin Murenbeeld (April 17, 2012)
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 35 May 23, 2012
36. Questions and Answers
Strategic Update
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
37. Regional Updates
Gary Goldberg - EVP & COO
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
38. Reportable Accidents
Injury Frequency Trend
Employees & Contractors
Total Reportable Accident Frequency Rate (“TRAFR”)
2.8
2.44
2.4
2.06
2.0
1.6 1.48
1.21
1.2
0.92 0.91
0.84 0.78
0.74 0.72 0.69
0.8
0.4
0.0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Q1 2012
Newmont TRAFR - Employees & Contractors
Example Calculations
Q1 2012 Newmont TRAFR = 108 TRAs * 200,000 / 27,594,075 hours
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 38 May 23, 2012
39. Regional Updates
Global Overview
Operations & Projects
~46,000 Total Workforce
Operations 14 – Open pit mines
Carlin 16 – UG mines
Leeville 15 – Process facilities
Midas Projects 7 – Heap leach pads
Phoenix Emigrant 2 – Power Plants
Twin Creeks Phoenix Cu Leach
Leeville / Turf Expansion
Phoenix Mill Expansion
Long Canyon
La Herradura Nimba
Sabajo Ahafo
Merian
Conga Akyem Batu Hijau
Subika Expansion Elang
La Zanja Tanami
Yanacocha Jundee Tanami Shaft
Boddington
Operations KCGM Waihi
Projects
Golden Link
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 39 May 23, 2012
40. 2012 Cost Assumptions
Applied Metrics Unit Assumptions
Gold Price $/oz $1,500
Copper Price $/lb $3.50
Silver Price $/oz $30
WTI $/bbl $90
AUD:USD $ $1.00
Labor Escalation Avg. 4% 2012-2014
All figures shown are attributable to Newmont.18
Production figures are estimate figures developed from the guidance listed in the table above.
The 1st 5 year production charts are shown beginning in the first year of production.
Production ranges shown reflect the first five year average production for gold and/or copper.
All Development Capital Expenditures and Operating Costs are estimate figures developed from the
guidance listed in the table above.
Development capital expenditures are the sum of development capital expended from 2012 – 2017.
Operating costs are a range of the first five year average figures beginning in the first full year of
production.
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 40 May 23, 2012
41. North America
Regional Overview
2011 Reserves: 37.0 Moz Au and 2.0 Blb Cu
North America z
2011 NRM: 13.9 Moz Au and 1.0 Blb Cu
Phoenix Mill
Operations z
Carlin
Leeville
Midas
Phoenix
Twin Creeks
Projects
Emigrant
Phoenix Cu Leach
Leeville / Turf Expansion
La Herradura Phoenix Mill Expansion
Long Canyon
Operations
Projects
2012 Outlook14 2017 Potential15
Attributable Gold Production (koz) 1,900 – 2,000 Attributable Gold Production (koz) ~2,300 – 2,400
CAS ($/oz) $570 – $630 Gold Contribution from Projects (koz) ~400 – 500
Attributable Development Capex ($M) $240 – $280 Attributable Development Capex for Projects
~$1,600 – $1,900
($M)
Attributable Sustaining Capex ($M) $520 – $600
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 41 May 23, 2012
42. North America
Production Profile Breakout
In Millions of Ounces
~2.4
~0.1 Phoenix Mill Expansion
Long Canyon ~0.1 Emigrant
~0.1 Leeville/Turf Expansion
~0.2 Long Canyon
Leeville / Turf
Expansion
Base
~1.9
Emigrant
Phoenix Mill
2017
Expansion
Note: La Herradura included in “Other” category; contributing
~40koz to 2017 7Moz potential
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 42 May 23, 2012
43. North America
Leeville / Turf Expansion – Start Date ~2016
180 Estimated First 5 Year Production $800
Project Description
160 $700
140 $600
Attributable Gold Production (Koz)
Allows for ramp-up in production and 120
Gold CAS ($/oz)
$500
exploration access for the greater Leeville 100
$400
resource area 80
$300
60
40 $200
Gold Reserves & NRM 20 $100
0 -
2015 2016 2017 2018 2019
Production CAS ($/oz)
2011 Reserves: 4.3 Moz
2011 NRM: 2.0 Moz 160 Estimated Development Capital Expenditures
Attributable Capital Expenditures ($M)
140
120
Project Update
100
80
Earthworks began in March at Turf after
60
permit approval
40
Contractors mobilizing to start preparations
20
for sinking vent shaft
-
2011 2012 2013 2014 2015
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 43 May 23, 2012
44. North America
Emigrant – Start Date ~2013
Estimated First 5 Year Production
Project Description 100 $800
$700
Attributable Gold Production (Koz)
80
$600
Bolt-on to Carlin’s infrastructure
Gold CAS ($/oz)
60 $500
$400
40 $300
Gold Reserves & NRM 20
$200
$100
0 -
Reserves: 1.6 Moz 2012 2013 2014
Production
2015
CAS ($/oz)
2016
NRM: 0.4 Moz
Estimated Development Capital Expenditure
70
Project Update
Attributable Capital Expenditures ($M)
60
50
Mining started in Q2; on track for second- 40
half 2012 leach start-up 30
First run-of-mine ore delivered to leach pad 20
in April 2012 10
Leverages Carlin infrastructure & resources -
2011 2012 2013
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 44 May 23, 2012
45. North America
Phoenix Mill Expansion – Start Date ~2017
Project Description
Potential opportunity to expand current
operation and increase current mill capacity
Profitable Growth16
Gold: ~75 – 85 koz/yr
Copper: ~25 – 28 Mlb/yr
Disciplined Returns
Development Capex: ~$550 – $660M
Operating Costs: ~$450 – $550/oz
Project Update
Evaluating options ranging from current
levels up to two times current throughput
(28 Mtpa)
Feasibility study underway
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 45 May 23, 2012
46. North America
Long Canyon – Start Date ~2017
Project Description Project Update
A Carlin-Type trend with potential for regional NRM declaration expected in 2012
synergies resource statement17
Potentially new mineralized structures
Profitable Growth identified; follow up drilling underway
Targeting district potential of ~8Moz
Gold: ~200 – 300 koz/yr
Disciplined Returns
Development Capex: ~$500 – $700M
Operating Costs: ~$375 – $520/oz
Project Milestones
Plan of Operations submitted in Q1 2012
Completed 278 holes in 2011; ~59km
Step out drilling extended mineralization
1km along strike
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 46 May 23, 2012
47. South America
Regional Overview
South America 2011 Reserves: 10.8 Moz Au and 1.7 Blb Cu
Yanacocha 2011 NRM: 7.2 Moz Au and 0.8 Blb Cu
Sabajo
Merian
Conga
La Zanja
Yanacocha
Operations
Projects
2012 Outlook14 2017 Potential15
Attributable Gold Production (koz) 700 – 750 Attributable Gold Production (koz) ~1,300 – 1,400
CAS ($/oz) $480 – $530 Gold Contribution from Projects (koz) ~1,100 – 1,200
Attributable Development Capex ($M) $725 – $840 Attributable Development Capex for ~$3,000 – $3,100
Projects ($M)
Attributable Sustaining Capex ($M) $225 – $260
(Incl Attributable Capex - Conga ($M) $600 – $650)
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 47 May 23, 2012
48. South America: Suriname
Merian – Start Date ~2015
Project Description
Open pit mine with exploration upside
Profitable Growth18
Gold: ~350 - 400 koz/yr
Disciplined Returns
Capex: ~$700 – $775M
Operating Costs: $525 – $600/oz
Gold Reserves & NRM
2011 NRM: 3.6 Moz
Potential to add ~50%-100% of current
NRM over the next 5-10 years
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 48 May 23, 2012
49. Asia Pacific
Regional Overview
2011 Reserves: 31.6 Moz Au and 6.0 Blb Cu
Asia Pacific 2011 NRM: 13.7 Moz and 2.3 Blb Cu
Boddington
Batu Hijau
Elang
Tanami
Tanami
Jundee
Shaft
KCGM
Boddington
Waihi
Golden Link
Operations
Projects
2012 Outlook14 2017 Potential15
Attributable Gold Production (koz) 1,775 – 1,885 Attributable Gold Production (koz) ~1,700 - 1,800
CAS ($/oz) $800 – 850 Gold Contribution from Projects (koz) ~300 – 400
Attributable Copper Production (Mlb) 150 – 170 Attributable Copper Production (Mlb) ~175 - 185
CAS ($/lb) $1.80 – $2.20 Copper Contribution from Projects (Mlb) ~35 - 45
Attributable Development Capex ($M) $210 – $240 Attributable Development Capex for Projects ~$800 - $950
($M)
Attributable Sustaining Capex ($M) $475 – $550
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 49 May 23, 2012
50. Asia Pacific
Production Profile Breakout
In Millions of Ounces
~1.8
~0.2 Other Expansions
~0.1 Waihi Golden Link
Waihi Golden
Link
Base
~1.5
Other
Expansions
(incl. Tanami
Shaft)
2017
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 50 May 23, 2012
51. Asia Pacific
Batu Hijau Update
Divestiture Update
Ministry of Finance and Parliament dispute over purchase of final
7% divestiture stake to be resolved by Constitutional Court
New regulatory requirement for foreign companies to divest 51%
expected to have no impact on PTNNT
Indonesian Export Ban
Indonesia’s export ban on copper concentrates being discussed with
Government
PTNNT’s Contract of Work provides export protections
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 51 May 23, 2012
52. Asia Pacific
Tanami Shaft – Start Date ~2014 – 2015
Tanami Shaft Impact to Base
Project Description 450 $1,000
400
Attributable Gold Production (Koz)
$950
Project reduces CAS and leverages existing 350
Gold CAS ($/oz)
operating infrastructure and exploration 300 $900
potential to extend mine life 250
$850
200
150 $800
Gold Reserves & NRM 100
$750
50
- $700
2011 Reserves: 2.3 Moz 2014 2015 2016 2017 2018
2011 NRM: 2.2 Moz Base Production Shaft Production CAS ($/oz) w/ Shaft
200 Estimated Development Capital Expenditures
180
Project Update
Attributable Capital Expenditures ($M)
160
140
120
Full funds approval received July 2011
100
EPCM contract awarded & bore contractor 80
mobilized Q4 2011 60
Increases gold production from 40
20
underground by 60 – 90koz per year
-
Reduces project CAS by ~$100/oz 2011 2012 2013 2014
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 52 May 23, 2012
53. Asia Pacific
Waihi Golden Link – Start Date ~2016
Project Description Project Update
Leverages existing infrastructure, extends mine Currently advancing Correnso and Martha
life and provides additional exploration upside Deeps evaluations
Target 2H 2012 Martha exploration decline
once permits received
Profitable Growth
Gold: ~100 – 125 koz/yr
Disciplined Returns
Development Capex: ~$240 – $290M
Operating Costs: ~$800 – $900/oz
Gold Reserves & NRM
2011 Reserves: None
2011 NRM: 0.7 Moz Au
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 53 May 23, 2012
54. Asia Pacific
Jundee – Start Date ~2014
Project Description
Extensive High-Grade Vein system with
potential to extend life of mine
Gold Reserves & NRM
2011 Reserve: 0.7 Moz
2011 NRM: 0.4 Moz
Project Update
New extensions to both the North and South
with discovery of Gringotts and extensions
to Gateway and Cook areas
Potential to increase working faces for
additional UG ore feed
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 54 May 23, 2012
55. Asia Pacific
Boddington Mine
Performance Update
Improving plant reliability, with conveyor circuit
modifications to be completed in Q4
Fairly consistent performance through April
and early May
Running at ~35Mtpa rates since the beginning
of 2012
Availability of dry crushing and grinding side of
the plant is always a focus
Expect to be on budget at mid-year for both
gold and copper production
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 55 May 23, 2012
56. Africa
Regional Overview
2011 Reserves: 19.5 Moz
Africa z
2011 NRM: 7.2 Mozzzzzz
Ahafo Plant zzzzz
Nimba Ahafo
Akyem
Subika Expansion
Operations
Projects
2012 Outlook14 2017 Potential15
Attributable Gold Production (koz) 570 – 600 Attributable Gold Production (koz) ~1,200 – 1,400
CAS ($/oz) $500 – $550 Gold Contribution from Projects (koz) ~800 – 900
Attributable Capex ($M) $560 – $650 Attributable Development Capex
for Projects ($M) ~$1,600 – 2,300
Attributable Sustaining Capex ($M) $45 – $55
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 56 May 23, 2012
57. Africa
Production Profile Breakout
In Millions of Ounces
~1.4
~0.2 Ahafo Mill Expansion
Akyem
~0.2 Subika Expansion
~0.4 Akyem
Ahafo Mill
Expansion
Base
~0.6
Subika
Expansion
2017
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 57 May 23, 2012
58. Africa
Akyem – Start Date ~2014
Estimated First 5 Year Production
Project Description 500 700
600
Attributable Gold Production (Koz)
Akyem will contribute to nearly doubling our 400
500
Gold CAS ($/oz)
African production. Construction is ~50% 300 400
complete, first concrete poured at crusher.
200 300
200
Profitable Growth 100
100
0 0
Gold: ~350 – 450 koz/yr 2013 2014 2015 2016 2017
Production CAS ($/oz)
Estimated Development Capital Expenditures
Disciplined Returns 450
Attributable Capital Expenditures ($M)
400
350
Capex: ~$850 – $1,100M
300
Operating Costs: $500 – $650/oz
250
200
Gold Reserves & NRM 150
100
2011 Reserves: 7.4 Moz 50
-
2011 NRM: 0.3 Moz 2011 2012 2013 2014
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 58 May 23, 2012
59. Africa
Subika Expansion – Start Date ~2014 – 2015
Project Description Project Update
Subika’s ore body remains open at depth and Test stoping, infrastructure development and
strike and feeds higher grade ore into the diamond drilling on-going on site
Ahafo operation
Profitable Growth
Gold: Ramp up ~100-150 koz/yr / Steady-
state ~180 – 220 koz/yr
Disciplined Returns
Capex: ~$500 - $700M
Operating Costs: $700 - $950/oz
Gold Reserves & NRM
2011 Reserves: 4.5 Moz
2011 NRM: 3.6 Moz
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 59 May 23, 2012
60. Africa
Ahafo Mill Expansion – Start Date ~2015 – 2016
Project Description Project Update
EIS permit path forward finalized; 1st draft to
Expansion on target to increase district be submitted June 2012
production and improve sustainable Project team in place and mobilized
development while sustaining costs Engineering contractor to present bid
proposal June 2012
Profitable Growth
Gold: ~150-200 koz/yr
Disciplined Returns
Capex: ~$550 – $650M
Operating Costs: Reduces Ahafo CAS
~$80 – $100/oz
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 60 May 23, 2012
61. Exploration Upside
Grigore Simon – SVP Exploration
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
62. Exploration Upside
Strong Reserve and NRM Growth
Attributable Net Gold Reserve and NRM Growth
CAGR – Compounded Annual Growth Rate
P&P – Proven and Probable Reserves
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 62 May 23, 2012
63. Exploration Upside
Gold Reserves Increase to Record Levels
2011 Attributable Gold 2011 Attributable Gold Proven and Probable
Proven and Probable Reserves (Moz) Reserve Additions by Region (Moz)
~0.9 ~6.3
~7.4 ~0.3
~2.2
Million Ounces
~2.9
~3.3
98.8 ~6.2
93.5
N. America Africa
2010 Gold Price Additions Revisions Depletions 2011 S. America Asia Pacific
Record gold reserves of 98.8 million ounces, an increase of ~6% from 2010
Biggest gold reserve increases came from North America (Carlin, Phoenix, and
Turf/Leeville), Africa, and APAC (Tanami, KCGM, Jundee)
Gold NRM increased ~12% over 2010 from 37.5Moz to 42.1Moz
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 63 May 23, 2012
64. Exploration Upside
Copper Reserves Increase to Record Levels
2011 Attributable Copper 2011 Attributable Copper Proven and Probable
Proven and Probable Reserves (Blb) Reserve Additions by Region (Blb)
~0.03
~0.1 ~0.3
~0.1
~0.4
Billion Pounds
~0.2
9.7
~0.5
9.4
N. America
Asia Pacific
2010 Cu Price Additions Revisions Depletions 2011 S. America
Record copper reserves of 9.7 billion pounds, an increase of ~3% from 2010
Copper NRM increased ~11% over 2010 to 4.1Blb
Copper reserve growth driven by increases at Phoenix and Batu Hijau
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 64 May 23, 2012
65. Exploration Upside
Balanced Exploration Program Between Reserves, NRM and Discoveries
Attributable Expensed Exploration Outlook is $360-390M in 2012
Corporate,
$32M
South
America, APAC, $87M
$54M
Africa, $58M
North
America,
2012: $138M
Opportunity
Exploration Fund, $25M
Expense
(~$370M) Reserves,
$47M
Near Mine
Generative New
Discovery,
$96M NRM, $90M
Pre-NRM,
$111M
Subject to cost efficiency and capital re-sequencing
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 65 May 23, 2012
66. Exploration Upside
Reserve Base Expected to Exceed the 100 Moz Level at Year End
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 66 May 23, 2012
67. Exploration Upside
NRM Base Expected to Remain Strong and Sustain Reserve Depletion
Ahafo North, Ghana
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 67 May 23, 2012
68. Exploration Upside
Pre-NRM Pipeline Has the Potential to Double the Current NRM
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 68 May 23, 2012
69. Exploration Upside
Growing Portfolio of Potential New Discoveries Still to Enter the Pipeline
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 69 May 23, 2012
70. Exploration Upside
Strong Portfolio of Drill Ready Targets
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 70 May 23, 2012
71. Questions and Answer
Regional Operations and Exploration
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com
72. Enhancing Value Through Profitable Growth, Disciplined Returns
and Exploration Potential
Attributable Basis
Profitable
Profitable gold production potential of 6-7Moz by 20171
Growth
Disciplined
Disciplined risk-adjusted returns
Returns
Exploration
Option to add ~90 Moz Au and ~9 Blbs Cu reserves between 2011-20202
Potential
Balance Sheet Access to capital with an investment grade balance sheet and strong
Strength operating cash flows to support profitable growth
Industry-
Leading Committed to returning capital to shareholders
Dividend
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 72 May 23, 2012
73. Appendix
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com