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

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130221:nPnLA64440

Annual Revenue of $9.9 Billion and Increased Quarterly Dividend to $0.425 per
share
DENVER, Feb. 21, 2013 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM)
("Newmont" or the "Company") reported net income from continuing operations of
$1.9 billion or $3.80 per basic share ($3.78 per share on a fully diluted
basis) in 2012, compared with $0.5 billion, or $1.02 per share in 2011.
Adjusted net income[1] was $1.9 billion or $3.71 per share in 2012, compared
with $2.2 billion, or $4.31 per share a year ago.

Financial Highlights

2012 Financial Results:

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

Q4 2012 Financial Results:

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

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

Management Update

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

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

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

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

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

2012 Operating Results and 2013 Outlook

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

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

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

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

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

2012 Regional Operating Results and 2013 Outlook

North America

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

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

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

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

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

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

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

South America

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

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

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

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

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

Asia Pacific

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

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

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

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

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

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

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

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

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

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

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

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

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

Africa

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

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

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

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

Capital Update

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

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

Advanced Projects Update

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

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

(Kozs, Mlbs)
($/oz, $/lb) b
Expenditures ($M) c
Expenditures ($M) c
Region
Nevada a 1,700 - 1,800 $600 - $650 $600 - $650 $600 - $650
La Herradura 225 - 275 $650 - $700 $125 - $175 $125 - $175
North America 1,950 - 2,050 $600 - $650 $750 - $800 $750 - $800
Yanacocha 475 - 525 $600 - $650 $225 - $275 $100 - $150
La Zanja 40 - 50 - - -
Conga - - $250 - $300 $125 - $175
South America 550 - 600 $600 - $650 $550 - $600 $250 - $300
Boddington 700 - 750 $850 - $950 $125 - $175 $125 - $175
Other Australia/NZ 925 - 975 $950 - $1,050 $225 - $275 $225 - $275
Australia/New Zealand 1,625 - 1,725 $900 - $1,000 $375 - $425 $375 - $425
Batu Hijau, Indonesiad 20 - 30 $900 - $1,000 $75 - $125 $25 - $75
Ahafo 525 - 575 $550 - $600 $375 - $425 $375 - $425
Akyem 50 - 100 $450 - $500 $225 - $275 $225 - $275
Africa 625 - 675 $525 - $575 $650 - $700 $650 - $700
Corporate/Other - - $20 - $30 $20 - $30
Total Gold 4,800 - 5,100 $675 - $750 $2,400 - $2,600 $2,100 - $2,300
Boddington 70 - 80 $2.45 - $2.65 - -
Batu Hijau 75 - 90 $2.20 - $2.40 - -
Total Copper 150 - 170 $2.25 - $2.50
aNevada CAS includes by-product credits from an estimated 30-40 million pounds of copper production at Phoenix, net of treatment and refining charges.
b 2013 Attributable CAS Outlook is $700 - $750 per ounce.
cExcludes capitalized interest of approximately $142 million, consolidated and attributable.
d Assumes Batu Hijau economic interest of 44.56% for 2013, subject to final divestiture obligations.

2013 Expense Outlook
Description Consolidated Expenses ($M) Attributable Expenses ($M)

General & Administrative $200 - $250 $200 - $250
DD&A $1,050 - $1,100 $850 - $900
Exploration Expense $250 - $300 $225 - $275
Advanced Projects & R&D $350 - $400 $300 - $350
Other Expense $200 - $250 $150 - $200
Sustaining Capital $1,400 - $1,500 $1,200 - $1,300
Interest Expense $200 - $250 $175 - $225
Tax Rate 30% - 32% 30% - 32%
All-in sustaining cost ($/ounce)a,b,c $1,100 - $1,200 $1,100 - $1,200
Key Assumptions
Gold Price ($/ounce) $1,500 $1,500
Copper Price ($/pound) $3.50 $3.50
Oil Price ($/barrel) $90 $90
AUD Exchange Rate $1.00 $1.00

a All-in sustaining cost is a non-GAAP metric defined by the Company as the sum of costs applicable to sales, copper by-product credits, G&A, exploration expense, advanced projects and R&D, other expense, and sustaining capital.
bAll-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.
cThe Company's methodology for calculating all-in sustaining costs was developed independently, and is subject to change due to a number of factors including the possible adoption of formal industry guidelines from the World Gold Council.

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

Sales   $ 9,868 $ 10,358 $ 9,540

Costs and expenses
Costs applicable to sales(1) 4,238 3,890 3,484
Amortization   1,032 1,036 945
Reclamation and remediation   96 120 65
Exploration 356 350 218
Advanced projects, research and development   348 373 216
General and administrative 212 198 178
Write-down of property, plant and mine development 52 2,084 6
Other expense, net   449 265 261
6,783 8,316 5,373
Other income (expense)
Other income, net   278 12 109
Interest expense, net of capitalized interest of $107, $52 and $21, respectively
(249) (244) (279)
29 (232) (170)
Income before income and mining tax and other items 3,114 1,810 3,997
Income and mining tax expense   (869) (713) (856)
Equity income (loss) of affiliates (51) 11 3
Income from continuing operations 2,194 1,108 3,144
Loss from discontinued operations   (76) (136) (28)
Net income 2,118 972 3,116
Net income attributable to noncontrolling interests   (309) (606) (839)
Net income attributable to Newmont stockholders $ 1,809 $ 366 $ 2,277

Net income (loss) attributable to Newmont stockholders:
Continuing operations $ 1,885 $ 502 $ 2,305
Discontinued operations (76) (136) (28)
$ 1,809 $ 366 $ 2,277
Income (loss) per common share  
Basic:
Continuing operations $ 3.80 $ 1.02 $ 4.69
Discontinued operations (0.15) (0.28) (0.06)
$ 3.65 $ 0.74 $ 4.63
Diluted:
Continuing operations $ 3.78 $ 1.00 $ 4.61
Discontinued operations (0.15) (0.27) (0.06)
$ 3.63 $ 0.73 $ 4.55

Cash dividends declared per common share $ 1.40 $ 1.00 $ 0.50

(1) Excludes Amortization and Reclamation and remediation.

CONSOLIDATED CASH FLOWS

Three Months Ended December 31, Twelve Months Ended December 31,
2012 2011 2012 2011

Operating activities:
Net income $ 697 $ (897) $ 2,118 $ 972
Adjustments:
Amortization 281 260 1,032 1,036
Stock based compensation and other non-cash benefits 17 17 72 79
Reclamation and remediation 47 38 96 101
Revaluation of contingent consideration 12 1 12 1
Loss from discontinued operations (28) - 76 136
Write-down of property, plant and mine development 58 2,082 52 2,084
Impairment of marketable securities 8 5 47 180
Deferred income taxes (10) (565) 15 (671)
Gain on asset sales, net (95) (13) (107) (81)
Other operating adjustments and write-downs (107) (35) 48 65
Net change in operating assets and liabilities (34) 32 (1,073) (311)
Net cash provided from continuing operations 846 925 2,388 3,591
Net cash used in discontinued operations (4) (3) (16) (7)
Net cash provided from operations 842 922 2,372 3,584
Investing activities:
Additions to property, plant and mine development (816) (1,006) (3,210) (2,787)
Acquisitions, net (3) (8) (25) (2,309)
Sale of marketable securities 1 7 210 81
Purchases of marketable securities (11) (4) (220) (21)
Proceeds from sale of other assets 28 3 41 9
Other (12) (31) (60) (40)
Net cash used in investing activities (813) (1,039) (3,264) (5,067)
Financing activities:
Proceeds from debt, net 181 213 3,524 2,011
Repayment of debt (20) (187) (1,976) (2,273)
Payment of conversion premium on debt - - (172) -
Proceeds from stock issuance, net 4 5 24 40
Acquisition of noncontrolling interests (10) - (10) -
Dividends paid to noncontrolling interests - (100) (3) (117)
Dividends paid to common stockholders (174) (173) (695) (494)
Other (1) (24) (3) (21)
Net cash provided from (used in) financing activities (20) (266) 689 (854)
Effect of exchange rate changes on cash 3 8 4 41
Net change in cash and cash equivalents 12 (375) (199) (2,296)
Cash and cash equivalents at beginning of period 1,549 2,135 1,760 4,056
Cash and cash equivalents at end of period $ 1,561 $ 1,760 $ 1,561 $ 1,760

CONSOLIDATED BALANCE SHEETS

At December 31, At December 31,
2012 2011
(in millions)
ASSETS
Cash and cash equivalents $ 1,561 $ 1,760
Trade receivables 283 300
Accounts receivable 577 320
Investments 86 94
Inventories 796 714
Stockpiles and ore on leach pads 786 671
Deferred income tax assets 195 396
Other current assets 1,661 1,133
Current assets 5,945 5,388
Property, plant and mine development, net 18,010 15,881
Investments 1,446 1,472
Stockpiles and ore on leach pads 2,896 2,271
Deferred income tax assets 481 242
Other long-term assets 872 857
Total assets $ 29,650 $ 26,111
LIABILITIES
Debt $ 10 $ 689
Accounts payable 657 561
Employee-related benefits 339 307
Income and mining taxes 51 250
Other current liabilities 2,084 2,133
Current liabilities 3,141 3,940
Debt 6,288 3,624
Reclamation and remediation liabilities 1,457 1,169
Deferred income tax liabilities 858 784
Employee-related benefits 586 459
Other long-term liabilities 372 364
Total liabilities 12,702 10,340

EQUITY
Common stock - $1.60 par value; 787 784
Authorized - 750 million shares
Issued and outstanding -
Common: 492 million and 490 million shares issued, less 277,000 and 273,000 treasury shares, respectively
Exchangeable: 56 million shares issued, less 51 million and 51 million redeemed shares, respectively
Additional paid-in capital 8,330 8,408
Accumulated other comprehensive income (Note 25) 490 652
Retained earnings 4,166 3,052
Newmont stockholders' equity 13,773 12,896
Noncontrolling interests 3,175 2,875
Total equity 16,948 15,771
Total liabilities and equity $ 29,650 $ 26,111

Regional Operating Statistics
Production Statistics Summary

Three Months Ended December 31, Years Ended December 31,
2012 2011 2012 2011
Gold
Consolidated ounces produced (thousands):
North America
Nevada 478 522 1,748 1,738
La Herradura 48 56 212 212
526 578 1,960 1,950
South America
Yanacocha 236 335 1,346 1,293

Asia Pacific
Boddington 216 201 724 730
Batu Hijau 14 32 68 308
Other Australia/New Zealand 230 224 924 1,026
460 457 1,716 2,064
Africa
Ahafo 123 88 561 566
1,345 1,458 5,583 5,873

Copper
Consolidated pounds produced (millions):
Asia Pacific
Boddington 19 21 67 65
Batu Hijau 33 49 157 273
52 70 224 338

Gold
Attributable ounces produced (thousands):
North America
Nevada 478 522 1,748 1,738
La Herradura 48 56 212 212
526 578 1,960 1,950
South America
Yanacocha 121 172 691 664
Other South America Equity Interests 13 15 53 64
134 187 744 728

Asia Pacific
Boddington 216 201 724 730
Batu Hijau 7 16 33 149
Other Australia/New Zealand 230 224 924 1,026
Other Asia Pacific Equity Interests 15 5 31 17
468 446 1,712 1,922
Africa
Ahafo 123 88 561 566
1,251 1,299 4,977 5,166

Copper
Attributable pounds produced (millions):
Asia Pacific
Boddington 19 21 67 65
Batu Hijau 16 24 76 132
35 45 143 197

CAS and Capital Expenditures
Three Months Ended December 31, Years Ended December 31,
2012 2011 2012 2011
Gold
 Costs Applicable to Sales ($/ounce)(1)
  North America
  Nevada $ 580 $ 519 $ 638 $ 603
  La Herradura 759 609 621 527
596 527 636 594
  South America
  Yanacocha 617 511 505 560

  Asia Pacific
  Boddington 856 749 877 682
  Batu Hijau 1,292 754 1,071 476
  Other Australia/New Zealand 961 807 879 664
925 778 886 639
  Africa
  Ahafo 694 520 596 474
  Average $ 720 $ 602 $ 677 $ 591
  Attributable to Newmont $ 726 $ 608 $ 698 $ 597
Copper
 Costs Applicable to Sales ($/pound)(1)
  Asia Pacific
  Boddington $ 2.23 $ 1.84 $ 2.29 $ 2.03
  Batu Hijau 2.77 1.50 2.36 1.11
  Average $ 2.61 $ 1.58 $ 2.34 $ 1.26
  Attributable to Newmont $ 2.52 $ 1.64 $ 2.33 $ 1.37
 (1)Consolidated Costs applicable to sales excludes Amortization and Reclamation and remediation.

Three Months Ended December 31, Years Ended December 31,
2012 2011 2012 2011
 Consolidated Capital Expenditures ($ million)
  North America
 Nevada $ 157 $ 179 $ 677 $ 559
 La Herradura 39 26 89 81
 Other North America - 27 - 101
196 232 766 741
  South America
 Yanacocha 118 116 510 360
 Conga 115 291 582 739
 Other South America 10 19
243 407 1,111 1,099
  Asia Pacific
 Boddington 64 95 141 217
 Batu Hijau 50 47 148 196
 Other Australia/New Zealand 63 82 277 294
 Other Asia Pacific 7 10 19 18
184 234 585 725
  Africa
 Ahafo 52 45 228 116
 Akyem 83 121 388 248
135 166 616 364
 Corporate and Other 7 12 74 35
 Total - Accrual Basis $ 765 $ 1,051 $ 3,152 $ 2,964
 Change in Capital Accrual 51 (45) 58 (177)
 Total - Cash Basis $ 816 $ 1,006 $ 3,210 $ 2,787
 Attributable to Newmont (Accrual Basis) $ 621 $ 829 $ 2,535 $ 2,328

Supplemental Information

Non-GAAP Financial Measures
Non-GAAP financial measures are intended to provide additional information only
and do not have any standard meaning prescribed by generally accepted accounting
principles ("GAAP"). These measures should not be considered in isolation or as
a substitute for measures of performance prepared in accordance with GAAP.

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

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

Three months ended Years ended
December 31, December 31,
(in millions except per share, after-tax) 2012 2011 2012 2011
GAAP Net income (1) $ 673 $(1,028) $1,809 $ 366
Loss from discontinued operations (28) - 76 136
Restructuring and other 6 - 26 -
Boddington contingent consideration - 1 8 1
Acquisition costs - - - 18
Income tax benefit from internal restructuring (59) - (59) (65)
Impairments/asset sales, net (40) 1,604 (10) 1,714
Adjusted net income $ 552 $ 577 $1,850 $2,170
Adjusted net income per share, basic $1.11 $ 1.17 $ 3.73 $ 4.39
Adjusted net income per share, diluted $1.11 $ 1.14 $ 3.71 $ 4.31

(1) Attributable to Newmont stockholders.

All-in Sustaining Costs per ounce
Three Months Ended December 31, Twelve Months Ended December 31,
2012 2011 2012 2011
Costs applicable to sales $ 1,131 $ 1,025 $ 4,238 $ 3,890
G&A Expense $ 50 $ 53 $ 212 $ 198
Exploration Expense $ 47 $ 95 $ 356 $ 350
Advanced Projects and R&D Expense $ 90 $ 126 $ 348 $ 373
Other Expense(1) $ 47 $ 52 $ 235 $ 226
Sustaining Capital $ 434 $ 527 $ 1,678 $ 1,629
Copper By-product Credit $ (216) $ (271) $ (785) $ (1,262)
All-in Sustaining Cost ($M) $ 1,583 $ 1,607 $ 6,282 $ 5,404
Consolidated Gold sold (thousand ounces): 1,328 1,493 5,466 5,820
All-in Sustaining Cost per ounce ($/oz) $ 1,192 $ 1,076 $ 1,149 $ 929

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

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

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

CAS per ounce/pound
Gold(1) Copper(2)
Years Ended December 31, Years Ended December 31,
2012 2011 2010 2012 2011 2010

 CAS:
Consolidated per financial statements $ 3,703 $ 3,440 $ 3,054 $ 535 $ 450 $ 430
Noncontrolling interests(3) (362) (442) (395) (198) (171) (169)
Attributable to Newmont $ 3,341 $ 2,998 $ 2,659 $ 337 $ 279 $ 261

 Gold/Copper sold (thousand ounces/million pounds):
Consolidated 5,466 5,820 6,296 229 356 539
Noncontrolling interests(3) (679) (795) (1,043) (84) (153) (247)
Attributable to Newmont(4) 4,787 5,025 5,253 145 203 292

 CAS per ounce/pound:
Consolidated $ 677 $ 591 $ 485 $ 2.34 $ 1.26 $ 0.80
Attributable to Newmont $ 698 $ 597 $ 506 $ 2.33 $ 1.37 $ 0.89

(1)Consolidated CAS per financial statements includes by-product credits of $231, $291 and $245 for 2012, 2011 and 2010, respectively.
(2)Consolidated CAS per financial statements includes by-product credits of $11, $28 and $29 for 2012, 2011 and 2010, respectively.
(3)Relates to partners' interests in Batu Hijau and Yanacocha.
(4)Does not include any sales from our non-consolidated interests in LaZanja and Duketon.

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

 Attributable CAS:
Gold $ 3,341 $ 2,998 $ 2,659
Copper   337 279 261
3,678 3,277 2,920

 Copper revenue:
Consolidated (785) (1,262) (1,848)
Noncontrolling interests(1) 289 542 847
(496) (720) (1,001)
 Net attributable CAS $ 3,182 $ 2,557 $ 1,919

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

 Net attributable CAS per ounce $ 665 $ 509 $ 365

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

Conference Call Information
Newmont Mining Corporation (NYSE: NEM) announced it will report Fourth Quarter
and Year-End 2012 results after the market closes on Thursday, February 21,
2013. A conference call will be held on Friday, February 22, 2013 at 10:00
a.m. Eastern Time (8:00 a.m. Mountain Time); it will also be carried on the
Company's website.

Conference Call Details
Dial-In Number 888.566.1822
Intl Dial-In Number 312.470.7116
Leader John Seaberg
Passcode Newmont
Replay Number 866.380.6745
Intl Replay Number 203.369.0348
Replay Passcode 2013

Webcast Details
URL http://services.choruscall.com/links/newmont130222.html

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

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

SOURCE Newmont Mining Corporation

Media, Omar Jabara, +1-303-837-5114, omar.jabara@newmont.com, or Diane Reberger,
+1-303-967-9455, diane.reberger@newmont.com, or Investors, John Seaberg,
+1-303-837-5743, john.seaberg@newmont.com, or Karli Anderson, +1-303-837-6049,
karli.anderson@newmont.com