1. Diggers & Dealers Conference
Jeff Huspeni, Senior Vice President – Asia Pacific
Profitable Growth with Disciplined Returns
August 6, 2012
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com
2. Cautionary Statement
Cautionary Statement Regarding Forward Looking Statements, Including 2012 Outlook:
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 of reserves, 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 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 the other exchange rates being approximately consistent with current
levels; (v) certain price assumptions for gold, copper and oil; (vi) prices for key supplies being approximately consistent with current levels and such supplies otherwise being available on
bases consistent with the Company’s current expectations; and (vii) the accuracy of our current mineral reserve and mineral resource estimates and exploration information. Where the
Company expresses or implies an expectation or belief as to future events or results, 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 oregrade 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.
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 2 8/8/2012
3. About Newmont
Second largest gold mining company in
the world with a 90-year history
Approximately 46,000 employees and
contractors worldwide; 15,400 in APAC
Only gold company included in the S&P
500 Index and Fortune 500
First gold company included in the Dow
Jones Sustainability World Index and has
remained for 5 straight years
BBB+ rating from Standard & Poor’s;
Baa1 rating from Moody’s
Recorded record revenue, regular
dividends paid to stockholders, and cash
from continuing operations in 2011
Traded on the NYSE: NEM
Mining operations at Boddington, Western Australia
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 3 8/8/2012
4. Global Portfolio Overview
Operations & Projects
14 – Open pit mines
Operations 16 – UG mines
Carlin 15 – Process facilities
Leeville 7 – Heap leach pads
Midas Projects 2 – Power Plants
Phoenix Emigrant
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 | Diggers & Dealers Conference | www.newmont.com 4 8/8/2012
5. 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 in excess of the Company’s average cost
Returns of capital
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 | Diggers & Dealers Conference | www.newmont.com 5 8/8/2012
6. 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
8.0 Attributable
Production
Potential
7.0
~6-7 Moz4
Attributable
6.0 Production Rescheduled Batu, Jund ~0.4 Akyem
Outlook N America Projects ee ~0.2 Subika
~5.0-5.1 Decline S America Ahafo Mill
~0.2
Moz3 (~0.1 Moz) Decline ~0.2 Waihi GL
APAC Africa
Au Production (Moz)
~0.2 Other/Ext.
5.0 (~0.5 Moz) Lone Tree
Africa Decline APAC ~0.8 Moz ~0.3 Merian
~0.6 Moz (~0.4 Moz) ~0.3 Moz ~0.2 Long Canyon
S America
~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
2012 2017
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 6 8/8/2012
7. APAC Portfolio Overview
APAC Operations & Projects
JAKARTA
Batu Hijau
Elang
Tanami
Tanami Shaft
Jundee
PERTH
Boddington KCGM
Waihi
Operations Golden Link
Projects
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 7 8/8/2012
8. 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 Outlook3 2017 Potential4
Attributable Gold Production (koz) 1,730 – 1,805 Attributable Gold Production (koz) ~1,700 - 1,800
CAS ($/oz) $800 – $850 Gold Contribution from Projects (koz) ~300 – 400
Attributable Copper Production (Mlb) 145 – 165 Attributable Copper Production (Mlb) ~175 - 185
CAS ($/lb) $1.80 – $2.20 Copper Contribution from Projects (Mlb) ~35 - 45
Attributable Capex ($M) $600 – $700 Attributable Development Capex for Projects ~$800 - $950
($M)
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 8 8/8/2012
9. 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 | Diggers & Dealers Conference | www.newmont.com 9 8/8/2012
11. Asia Pacific
Oberon
Oberon
Site Characteristics A discovery at Tanami with Callie-like mineralization
Exciting new exploration area in district scale land position
Initial Indications
Expanding inventory of potential open pit and underground mineralization
Reserves and Exploration Potential: Orogenic gold deposits
Update Multi-million ounce inventory potential
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 11 8/8/2012
12. 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 | Diggers & Dealers Conference | www.newmont.com 12 8/8/2012
14. 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 | Diggers & Dealers Conference | www.newmont.com 14 8/8/2012
15. Asia Pacific
Batu Hijau Update
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 15 8/8/2012
16. Asia Pacific
Elang Potential Project Overview
Elang Mineral Resources5
Classification Tonnage (Mt) Grade Au (g/t) Grade Cu (%) Contained Contained
Metal (koz) Metal (Mlb)
Measured — — — — —
Indicated 1,430 0.35 0.33 16,060 10,404
Inferred 995 0.29 0.27 9,219 5,922
Notes:
1. Mineral resources are not ore reserves and do not have demonstrated economic viability;
2. Mineral resources are reported to an Au price of US$1,035/oz, and a Cu price of US$2.42/lb;
3. Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to the nearest million tonnes;
4. Ounces or pounds are estimates of metal contained in tonnages and do not include allowances for processing losses. Contained ounces are rounded to the nearest 1,000. Contained copper in
pounds is rounded to the nearest million pounds;
5. Cut-off grades utilized based on dollar index revenue: All material with a dollar index above US$4.22/t was reported;
6. Appropriate mining costs, processing costs, metal recoveries, and pit slope angles were used to generate the Lerchs–Grossman shells; and
7. Rounding of tonnes as required by reporting guidelines may result in apparent differences between tonnes, grade and contained metal content.
Status:
Information based on 116 core drill holes6
Significantly larger footprint than Batu Hijau
Exploration permit received; September 27, 2010 – February 28, 2030
Potential to significantly extend region’s production of Au and Cu
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 16 8/8/2012
17. Asia Pacific
Boddington Mine
Performance Update
Improving plant reliability, with conveyor circuit
modifications to be completed in Q4
Running at ~35Mtpa rates since the beginning of
2012
Availability of dry crushing and grinding side of the
plant is always a focus
Six Months Ended 30 June, 2012
Gold Production (koz) 342
Copper Production (Mlb) 32
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 17 8/8/2012
18. Newmont: Summary/Conclusion
Potential increase in attributable gold production to 6-7 Moz by 2017
Industry-leading returns on invested capital
Exploration upside as large as current reserve base
Strong balance sheet with significant financial flexibility
Industry-leading dividend
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 18 8/8/2012
20. Non-Reserve Mineralization Definitions
Supplemental Information
Defined terms and Statement Regarding Reserves and NRM:
Ian Douglas, Newmont’s Group Executive of Reserves and Geostatistics, is the qualified person responsible for the preparation of the reserve and NRM estimates in this presentation.
The reserves disclosed in this presentation have been prepared in compliance with Industry Guide 7 published by the SEC. Investors are encouraged to read the definitions and
cautionary statements included herein.
As used in this presentation, the term ―reserve‖ means that part of a mineral deposit that can be economically and legally extracted or produced at the time of the reserve determination.
The term ―economically,‖ as used in this definition, means that profitable extraction or production has been established or analytically demonstrated in a full feasibility study to be viable
and justifiable under reasonable investment and market assumptions. The term ―legally,‖ as used in this definition, does not imply that all permits needed for mining and processing have
been obtained or that other legal issues have been completely resolved. However, for a reserve to exist, Newmont must have a justifiable expectation, based on applicable laws and
regulations, that issuance of permits or resolution of legal issues necessary for mining and processing at a particular deposit will be accomplished in the ordinary course and in a
timeframe consistent with Newmont’s current mine plans. Reserves in this presentation may be aggregated from the Proven and Probable classes.
As used in this presentation, the term ‖non-reserve mineralization‖ or ―NRM‖ refers to Measured, Indicated and/or Inferred materials, which are exclusive of reserves. Newmont has
determined that such NRM would be substantively the same as those prepared using the Guidelines established by the Society of Mining, Metallurgy and Exploration and defined as
Resources. Estimates of NRM are subject to further exploration and development, are subject to additional risks, and no assurance can be given that they will eventually convert to
future mineral reserves of the Company. In addition, our current or future reserves and exploration and development projects may not result in new mineral producing operations. Even
if significant mineralization is discovered and converted to reserves, it will likely take many years from the initial phases of exploration to development and ultimately to production, during
which time the economic feasibility of production may change.
Additionally, references to ―attributable ounces,‖ ―attributable pounds‖ and ―attributable mineralization‖ in this presentation are intended to mean that portion of gold or copper
produced, sold or included in Proven and Probable reserves or NRM that is attributable to our ownership or economic interest.
For a description of the key assumptions, parameters and methods used to estimate mineral reserves and mineralized material, as well as a general discussion of the extent to which
the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant factors, please see Newmont’s most recent
Annual Report on Form 10-K, filed on February 24, 2012, and other SEC filings.
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 20 8/8/2012
22. 2012 Outlook8
2012 Production, CAS and Capital Outlook
Attributable Production Consolidated CAS Consolidated Capital Attributable Capital
Region (Kozs, Mlbs) ($/oz, $/lb) Expenditures ($M) Expenditures ($M)
Nevada 1,730 - 1,775 $575 - $625 $750 - $800 $750 - $800 2012 Outlook and Assumptions
La Herradura 220 - 230 $460 - $510 $80 - $130 $80 - $130 Consolidated Expenses Attributable Expenses
North America 1,950 - 2,005 $570 - $630 $850 - $900 $850 - $900 Description ($M) ($M)
Yanacocha 675 - 700 $475 - $525 $530 - $580 $270 - $310
La Zanja 50 - 60 n/a - - General & Administrative $200 - $220 $200 - $220
Conga - - $500 - $600 $250 - $300 Interest Expense $240 - $260 $230 - $250
South America 725 - 760 $475 - $525 $1,100 - $1,200 $550 - $600 DD&A $1,050 - $1,080 $890 - $920
Boddington 750 - 775 $800 - $850 $150 - $200 $150 - $200 Exploration Expense $360 - $390 $320 - $350
Other Australia/NZ 950 - 990 $810 - $860 $325 - $375 $325 - $375 Advanced Projects & R&D $425 - $475 $375 - $400
Batu Hijau d 30 - 40 $925 - $975 $200 - $225 $100 - $125
Tax Rate 30% - 32% 30% - 32%
Asia Pacific 1,730 - 1,805 $800 - $850 $700 - $800 $600 - $700 Assumptions
Ahafo 555 - 570 $550 - $600 $240 - $270 $240 - $270 Gold Price ($/ounce) $1,500 $1,500
Akyem - - $370 - $420 $370 - $420
Copper Price ($/pound) $3.50 $3.50
Africa 555 - 570 $550 - $600 $600 - $700 $600 - $700
Oil Price ($/barrel) $90 $90
Corporate/Other - - $55 - $65 $55 - $65
a,b c AUD Exchange Rate $1.00 1.00
Total Gold 5,000 - 5,100 $625 - $675 $3,300 - $3,600 $2,700 - $3,000
Boddington 70 - 80 $2.00 - $2.25 - -
Batu Hijau d 75 - 85 $1.80 - $2.20 - -
Total Copper 145 - 165 $1.80 - $2.20
a
2012 Attributable CAS Outlook is $640 - $690 per ounce.
b
2012 Net Attributable CAS Outlook (inclusive of by-product credits) is $600 - $650 per ounce.
c
Includes capitalized interest of approximately $140 million.
d
Assumes Batu Hijau economic interest of 48.5% for 2012, subject to final divestiture obligations.
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 22 8/8/2012
23. Endnotes
Investors are encouraged to read the information contained in this presentation in conjunction with the following notes footnotes, the Cautionary Statement on slide 2 and the factors described under the “Risk Factors” section of
the Company’s most recent Form 10-K, filed with the SEC on February 24, 2012.
1. 2017 potential production metrics are targets and should be considered forward-looking statements. See the cautionary statement on slide 2 of this presentation and footnotes 3 and 4 below.
2. Estimated mineralization ―potential‖ and ―exploration upside‖ refer to mineralization that are additional to current Reserves and Non-Reserve Mineralization (―NRM‖). Conversion of such mineralization to Reserves or NRM
is subject to substantive risks inherent in the mining industry, and no assurance can be given that such inventory will be converted to Reserves or NRM or of the timing or terms of any such conversion. Even if significant
mineralization is discovered and converted to Reserves, it will likely take many years from the initial phases of exploration to development and to production, during which time the economic feasibility of production may
change. As a result, there is greater uncertainty of the conversion of such inventory to production than in the case of Reserves or NRM. For additional information on Newmont’s Reserves and NRM, see our Year-End
Reserve Report (as of 12/31/11) available at www.newmont.com/our-investors/reserves-and-resources. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and
mineralized material, as well as a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, metals prices or other relevant factors,
please see Newmont’s Form 10-K.
3. The figures shown in the 2012 bar chart are the median of 2012 Outlook projections. 2012 Outlook projections used in this presentation (―Outlook‖) are considered ―forward-looking statements‖ and represent management’s
good faith estimates or expectations of future production results as of February 24, 2012 and is based upon certain assumptions. Such assumptions, include gold price of $1,500/ounce, copper price of $3.50/pound, oil
price of $90/barrel and Australian dollar exchange rate of 1.00. Consequently, Outlook cannot be guaranteed. Investors are cautioned that the Company does not undertake to subsequently reaffirm, provide comfort or
otherwise update Outlook to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not assume that any lack of update constitutes a current reaffirmation
of Outlook.
4. When used in this presentation, the phrase ―production potential‖ represents the sum for all projects of the estimated average annual production targets for 2017 based upon the Company’s business plan as of 6-30-2012
for each such project anticipated to be commissioned by 2017. Additionally, unless otherwise indicated, references to potential production used in this presentation mean that portion that is attributable to Newmont's
ownership or economic interest. Such estimates are subject to change after such date based upon risks, future events and modifications to the business plan or the Company’s growth strategy. Unless otherwise indicated,
references to potential production indicate the portion attributable to Newmont’s interest.
5. Estimates from AMEC Scoping Study, July 2010, Inputs and criteria used in the resource estimates at Elang were based on Batu Hijau data which is considered to be at a scoping study level of accuracy and detail when
.
applied to Elang. The competent person responsible for the Elang resource estimates is Tomasz Postolski, P.Eng. Resource estimates are JORC, and not Industry Guide 7, compliant. The above resource figures are not
ore reserves as defined by the SEC or JORC. See Cautionary Statement on pages 20 for additional information.
6. No ounces or pounds currently in Reserves or NRM. Additional exploration is required to determine whether Newmont will be able to define such a Reserve or NRM.
7. Newmont has established a gold price-linked dividend policy that serves as a non-binding guideline for Newmont’s Board of Directors (the ―Board‖). The Board reserves all powers related to the declaration and payment of
dividends. In addition, the declaration and payment of future dividends remain at the discretion of the Board and will be determined based on Newmont’s financial results, cash and liquidity requirements, future prospects
and other factors deemed relevant by the Board. In determining the dividend to be declared and paid on the common stock of the Company, the Board may revise or terminate such policy at any time without prior notice.
8. 2012 Outlook projections used in this presentation are considered ―forward-looking statements‖ and represent management’s good faith estimates or expectations of future production results as of February 24, 2012 and
are based upon certain assumptions, including, without limitation, those described on slide 41 under the heading ―Assumptions‖ and as well as noted on slide 2. Consequently, Outlook cannot be guaranteed. Investors are
cautioned that the Company does not undertake to subsequently reaffirm, provide comfort or otherwise update Outlook to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated
events. Investors should not assume that any lack of update constitutes a current reaffirmation of Outlook.
Newmont Mining Corporation | Diggers & Dealers Conference | www.newmont.com 23 8/8/2012
Notas do Editor
Demonstrated expertise to: Explore, Discover, Finance, Develop and Operate mines across the globe4 Main Business Regions:North America - New mineralization trend at Long CanyonSouth AmericaAfrica – Fastest growing region striving towards +1 Moz productionAsia Pacific – One of the largest regions in portfolio with North America~31,000 square miles of prospective district-scale land packages:Brownfield opportunitiesGreenfield opportunities
Investor Day – May 2012Message: Stay the course…..Focus on our Plan…..Continue to execute on Base Operations : 20125.0 – 5.1 Moz gold production$625 -$675/oz Consolidated CASRationally investing capital:Profitable economic returns > risk-adjusted cost of capitalMaintain investment grade debt rating + available liquidityExploration Potential:Longer term focus : Replace depletion over the long term from….“Newmont-behind-Newmont” : ~90 Moz available by 2020Evaluating Exploration $ (opportunities that add value, resource nationalism…)Profitable ounces – Not growth without marginReturn of capital to shareholders:Au-price linked dividendProfitable Growth with Disciplined Returns:Constantly reevaluate portfolio (Sustaining + Development projects)Control what projects advance and at what speed? (2011 : “Puts and Takes”)Deliver capital investments that generate positive returnsWith this rigor…..2017 profitable gold production potential of ~6-7 Moz
“Profitable Growth with Disciplined Returns”Advance priority projects in our control and manage total costsSelected based on returns balanced with related development risks“Potential Deferred Projects” largely in SAScale and diversity of global portfolio provides flexibility to reprioritize and reallocate capital to maintain focus on our strategic objectives2012 Global = 5.0 – 5.1 Moz gold productionAPAC’s Contribution = 1.73 – 1.80 Moz gold productionAPAC growth spurt in 2009 with Boddington start-upTargeting long term average of ~750,000 oz/yearAPAC 2012 – 2017Maintain 1.75 – 2.0 Moz annual gold productionDecrease of ~400,000 ounces/year offset by….Increase of ~300,000 ounces/year from key areas of…Waihi, Tanami, Jundee
Newmont APAC6 Mines, 1 regional office (Perth), 3 Countries (Aus, NZ, Indo), 5 time zonesAustralia : 4 OperationsTanami – Northern Territory Desert (UG)Jundee – Near Wiluna in WA (UG)Boddington – Newest mine (2009) ~130km SE of Perth (OP)“Super Pit” – 50% owner (JV w/Barrick) operated by KCGMNew Zealand (North Island)Waihi - +100 years old, in town of Waihi (OP + UG)Indonesia (Sumbawa – two islands east of Bali)Cu + Au porphyry deposit (OP, town, port, power plant, concentrator)
APAC Year End 2011:Produced +1.9 Moz Au in-line with NA as top producing region for Newmont (37% of global ounces)41% of global operating margin32% of Au Reserves62% of Cu Reserves22% of combined Au + Cu NRM2012 APAC Global Contribution:~35% of annual Au production (5.0 – 5.1 Moz)100% of annual reported Cu production (145 -165 Mlbs)By 2017…Profitable growth from Waihi, Tanami and Jundee nearly offsets ~400,000 ounces of production decline from the APAC portfolio
Growth contribution from the APAC region of ~300,000 ozOther/ Optimizations and Extensions include:~40,000 oz/yr from Tanami Shaft~100,000 oz/yr from Waihi Golden Link~100,000 oz/yr from BatuHijau Phase 7 layback
Tanami Gold Endowment:District produced +8 Moz (~75% from Callie ore body)Long Section of Callie + Auron Ore Bodies2011 YE Reserves – 2.52 Moz2011 YE NRM – 2.2 MozShaft Project:Reduces CAS and leverages existing infrastructure and exploration potential to extend mine lifeApproved by BOD in July 2011First production : targeting late-2014 to early-2015Benefits down-plunge mineralization – likely extensions with depthAuron Up-plunge Exploration Potential:33m @ 9.6 g/t Au20m @ 34.8 g/t AuTargets being drilled nowPotential for shallower ore extensions up-dip near existing decline
Oberon: ~40km NW of CalliePositive drilling from Tanami district generative exploration“Callie-Like” mineralization in similar host rocks (creative geologic thinking!)Inherently lower cost ounces than Greenfield or M+A with existing Tanami infrastructureMulti-million ounce inventory potentialOpen in all directionsDeveloping better understanding of scale and economic potential
WaihiMost mineral resources and longest projected mine life since Newmont acquired operation in 2002New vein discovery – Correnso (NW-SE orientation – “Old Timers” did not find it!)Large portion of the 700,000 ounce NRMAdvancing Correnso + Martha Deeps evaluation targeting production by ~2016
“Super Pit”Another long-lived asset here in Kalgoorlie…50/50 JV with BarrickEnjoy them as a business partner, work shoulder-to-shoulder with them across the globe2011 production of ~800,000 oz, Australia’s leading gold producer!Commitment to the district…steadily increasing exploration budgets since 2010Russell Cole and his leadership team do an excellent job in managing and operating this asset
JundeeHigh-grade structurally-controlled deposit – “Geologists are the eyes of the miners”Newmont’s lowest cost mine in Australia (Q2 CAS of xxx/oz)Typically lowest cost of all gold-only mines in Australia Repeatedly extended mine life through exploration success…We expect this to continueRecent discoveries provide opportunities for:Additional UG working faces Full utilization of milling capacityWe continue to aggressively invest in exploration and development to drive extended life at Jundee of ~300k oz per year in production. Note: Mine life ended in 2014 per the 2012BP, 2013BP-V1 reflected a 2016 end and 2013BP-V2 will reflect production through 2017.
Current economic interest of 48.5% expected to decline to 44.56%New regulatory requirement for foreign companies to divest 51% expected to have no impact on PTNNTOur CoW stipulates 51% divestiture – nearly completedNo further material developments in regard to the export ban on copper concentrates (DEMR still indicating Jan 2014) or the export tax (DEMR has said it does not apply to us). No developments on “renegotiation of the CoW,” even though the Government says it intends to commence this process2012-2014 lower Cu + Au production from stockpile feed (P6 strip)We are awaiting discussions with the Indonesian Government regarding the recent outcome of the Constitutional Court.In accordance with the CoW, we complied with our obligations to offer the final 7% divestiture shares to the Government of Indonesia.
~60km east of BatuHijau (same equity split as BatuHijau)Mineral Resources as part of the “Newmont-behind-Newmont”~25 Moz Au @ 0.33 g/t ~16 Blbs Cu @ 0.31% Sustaining production opportunity beyond 2017Restarted drilling and advanced metallurgical work earlier this year4 drills operating nowEarly scoping…could ultimately exceed size of BatuHijau
Boddington – “Flagship Asset” (Global + Regional)+5 Moz oxide gold production2011 YE: 19.5 Moz Reserves (20% of global reserves)2 millionth ounce produced this week for Diggers + Dealers!2012: 750k – 775k oz Au production (Strong 2H of year)$800 - $850 CAS/ozResource model performance since June 2011:+/- 5% on Au + Cu grades and tonnes (typically +/- 2.5%)~35 MTPA processing rates achieved by YE 2011Increasing availability of dry crushing/grinding circuitOptimization work (largely conveyors) completed by YE 2012Always a focus to optimize throughput
We believe that we have an obligation to share the significant cash flow we are generating with the owners of the Company and that is what we intend to do with our gold price-linked dividend…Back on April 7 at our annual Investor Day, we were proud to announce that shareholders would receive an annual dividend that increased by $0.20 for every $100 increase in our net realized gold price for the trailing quarter. Today, I’m happy to announce further enhancements to that policy…Our new policy takes advantage of the bullish metals price that we see today. Between $1,700 and $1,999/oz gold, shareholders will now receive and increase of $0.30/sh for every $100/oz movement in the gold price. At $2,000, that increase becomes $0.40/sh for each $100/sh increase in gold…clearly, no other company in the gold sector is committed to paying dividends like these…We strongly assert that no other company is as committed to returning capital to shareholders as NEM is. If you’re bullish and gold, are seeking leverage to the metal and desire some sort of additional income stream from your equity holdings, NEM is your company….