GOLD NON-RESERVE MINERALIZATION Equity Gold Mineralized Material
Not in Reserves(1) December 31, 2005
_______________________________________________ Gold Measured Gold
Indicated Deposits/Districts Material Material Newmont
__________________ __________________ Share Tonnage Grade Tonnage
Grade (000 tons) (oz/ton) (000 tons)(oz/ton) Nevada Carlin Open Pit
100% 4,400 0.045 23,700 0.039 Twin Creeks 100% 1,900 0.058 18,000
0.048 Lone Tree Complex(2) 100% 3,000 0.032 0 Phoenix 100% 0 0.000
22,200 0.023 Total Nevada Open Pit 9,300 0.043 63,900 0.036 Carlin
Underground 100% 100 0.41 200 0.28 Midas 100% 0 0.00 0 Turquoise
Ridge(3) 25% 800 0.42 600 0.42 Total Nevada Underground 900 0.42
800 0.39 Nevada Stockpiles(4) 100% 4,800 0.055 0 TOTAL NEVADA
15,000 0.070 64,700 0.040 Peru Yanacocha 51.35% 500 0.008 83,900
0.027 Conga 51.35% 0 58,000 0.013 La Zanja(5) 46.9% 5,200 0.027
3,800 0.024 TOTAL PERU 5,700 0.025 145,700 0.021 Australia/New
Zealand Boddington, Western Australia(6) 44.44% 7,200 0.013 63,500
0.018 Kalgoorlie, Western Australia 50% 1,700 0.058 2,600 0.065
Pajingo, Queensland 100% 0 100 0.11 Tanami, Northern Territory 100%
0 900 0.067 Jundee, Western Australia 100% 0 400 0.051 Martha, New
Zealand 100% 0 3,000 0.17 TOTAL AUSTRALIA/NEW ZEALAND 8,900 0.022
70,500 0.027 Batu Hijau, Indonesia Batu Hijau(7) 52.875% 10,100
0.007 47,600 0.006 TOTAL BATU HIJAU 10,100 0.007 47,600 0.006 Ghana
Akyem(8) 85% 0 9,800 0.048 Ahafo 100% 0 45,400 0.063 TOTAL AFRICA 0
55,200 0.060 Other Operations and Projects Holloway, Ontario(9)
100% 700 0.20 2,000 0.18 La Herradura, Mexico 44% 7,200 0.022 9,700
0.021 Kori Kollo, Bolivia 88% 0 12,400 0.018 Martabe, Indonesia 95%
0 0 TOTAL OTHER OPERATIONS AND PROJECTS 7,900 0.037 24,100 0.033
TOTAL NEWMONT 47,600 0.037 407,800 0.029 Equity Gold Mineralized
Material Not in Reserves(1) December 31, 2005
______________________________________ Gold Measured + Gold
Inferred Deposits/Districts Indicated Material Material
___________________ __________________ Tonnage Grade Tonnage Grade
(000 tons) (oz/ton) (000 tons)(oz/ton) Nevada Carlin Open Pit
28,100 0.040 4,200 0.024 Twin Creeks 19,900 0.049 3,100 0.033 Lone
Tree Complex(2) 3,000 0.032 0 Phoenix 22,200 0.023 16,500 0.026
Total Nevada Open Pit 73,200 0.037 23,800 0.026 Carlin Underground
300 0.33 3,700 0.46 Midas 0 600 0.42 Turquoise Ridge (3) 1,400 0.42
400 0.54 Total Nevada Underground 1,700 0.41 4,700 0.46 Nevada
Stockpiles (4) 4,800 0.055 0 TOTAL NEVADA 79,700 0.046 28,500 0.099
Peru Yanacocha 84,400 0.027 24,200 0.023 Conga 58,000 0.013 79,000
0.011 La Zanja(5) 9,000 0.026 0 TOTAL PERU 151,400 0.021 103,200
0.014 Australia/New Zealand Boddington, Western Australia(6) 70,700
0.017 158,600 0.020 Kalgoorlie, Western Australia 4,300 0.062 2,000
0.149 Pajingo, Queensland 100 0.11 300 0.33 Tanami, Northern
Territory 900 0.067 5,500 0.18 Jundee, Western Australia 400 0.051
1,800 0.27 Martha, New Zealand 3,000 0.17 600 0.29 TOTAL
AUSTRALIA/NEW ZEALAND 79,400 0.026 168,800 0.031 Batu Hijau,
Indonesia Batu Hijau (7) 57,700 0.006 25,600 0.002 TOTAL BATU HIJAU
57,700 0.006 25,600 0.002 Ghana Akyem(8) 9,800 0.048 3,900 0.047
Ahafo 45,400 0.063 19,000 0.074 TOTAL AFRICA 55,200 0.060 22,900
0.070 Other Operations and Projects Holloway, Ontario (9) 2,700
0.19 0 La Herradura, Mexico 16,900 0.021 7,400 0.024 Kori Kollo,
Bolivia 12,400 0.018 0 Martabe, Indonesia 0 42,600 0.066 TOTAL
OTHER OPERATIONS AND PROJECTS 32,000 0.034 50,000 0.060 TOTAL
NEWMONT 455,400 0.030 399,000 0.036 (1) Mineralized material is
calculated at a gold price of US$425, A$600, or NZ$715 per ounce
unless otherwise noted. 2004 Mineralized material was calculated at
a gold price of US$375, A$600, or NZ$715 per ounce. Tonnage amounts
have been rounded to the nearest 100,000. (2) The Lone Tree deposit
will be mined out in August 2006 based on the current mine plan.
Processing of stockpiles and residual leaching will continue after
the open pit operation is closed. (3) Mineralized material
estimates were provided by Placer Dome, the operator of the
Turquoise Ridge Joint Venture. Placer Dome calculated mineralized
material not in reserves assuming a gold price of US$450 per ounce.
(4) Stockpiles are comprised primarily of material that has been
set aside to allow processing of higher grade material in the
mills. Stockpiles increase or decrease depending on current mine
plans. (5) Mineralized material estimates were provided by
Buenaventura, the operator of the La Zanja Project. Buenaventura
calculated mineralized material at a gold price of US$350 per
ounce. (6) Deposit is currently undeveloped. Newmont announced the
acquisition of an additional 22.22% equity interest on February 12,
2006, which will increase Newmont's equity ownership to 66.67%. (7)
Percentage reflects Newmont's economic interest in remaining
mineralized material. (8) Newmont acquired the remaining 15%
interest in January 2006, bringing Newmont's equity interest to
100%. (9) Newmont's equity interest increased to 100% in 2005 from
96.7% in 2004 because our joint venture partner elected not to
participate in the work program as of September 30, 2005; as a
result, its equity interest converted into a net profits interest.
COPPER PROVEN AND PROBABLE RESERVES Equity Copper Reserves(1)
December 31, 2005 Copper Proven Reserves Deposits/Districts Newmont
Copper Share Tonnage Grade (million (000 tons) (Cu%) pounds)
Phoenix, Nevada(2) 100% 0 0 Conga, Peru(3) 51.35% 0 0 Batu Hijau
52.875% 147,600 0.47% 1,390 Batu Hijau, Stockpiles(4) 52.875% 0 0
Total Batu Hijau, Indonesia(5) 52.875% 147,600 0.47% 1,390
Boddington, Western Australia(6) 44.44% 60,600 0.12% 140 Golden
Grove, Western Australia(7) 100% 0 0 TOTAL 208,200 0.37% 1,530
Equity Copper Reserves(1) December 31, 2005 Copper Probable
Reserves Deposits/Districts Copper Tonnage Grade (million (000
tons) (Cu%) pounds) Phoenix, Nevada(2) 309,900 0.15% 900 Conga,
Peru(3) 317,200 0.26% 1,660 Batu Hijau 446,500 0.44% 3,920 Batu
Hijau, Stockpiles(4) 103,900 0.36% 750 Total Batu Hijau,
Indonesia(5) 550,400 0.42% 4,670 Boddington, Western Australia(6)
136,600 0.12% 340 Golden Grove, Western Australia(7) 0 0 TOTAL
1,314,100 0.29% 7,570 Equity Copper Reserves(1) December 31, 2005
Copper Proven + Probable Reserves Deposits/Districts Copper Metal-
Tonnage Grade (million lurgical (000 tons) (Cu%) pounds) Recovery
Phoenix, Nevada(2) 309,900 0.15% 900 67% Conga, Peru(3) 317,200
0.26% 1,660 85% Batu Hijau 594,100 0.45% 5,310 83% Batu Hijau,
Stockpiles(4) 103,900 0.36% 750 70% Total Batu Hijau, Indonesia(5)
698,000 0.43% 6,060 81% Boddington, Western Australia(6) 197,200
0.12% 480 83% Golden Grove, Western Australia(7) 0 0 TOTAL
1,522,300 0.30% 9,100 81% Equity Copper Reserves(1) December 31,
2004 Copper Proven + Probable Reserves Deposits/Districts Copper
Tonnage Grade (million (000 tons) (Cu%) pounds) Phoenix, Nevada(2)
216,700 0.15% 660 Conga, Peru(3) 190,600 0.30% 1,140 Batu Hijau
588,900 0.48% 5,600 Batu Hijau, Stockpiles(4) 86,500 0.38% 660
Total Batu Hijau, Indonesia(5) 675,400 0.46% 6,260 Boddington,
Western Australia(6) 190,700 0.12% 470 Golden Grove, Western
Australia(7) 8,700 2.07% 360 TOTAL 1,282,100 0.35% 8,890 (1)
Reserves are calculated at a copper price of US$1.00 or A$1.43 per
pound. 2004 reserves were calculated at a copper price of US$0.90
or A$1.45 per pound. Tonnage amounts have been rounded to the
nearest 100,000 and copper pounds have been rounded to the nearest
10 million. (2) Deposit is partially developed. Construction of
facilities began in November 2004, and production is expected in
2006. (3) Deposits are undeveloped. (4) Stockpiles are comprised
primarily of material that has been set aside to allow processing
of higher grade material in the mill. Stockpiles increase or
decrease depending on current mine plans. Stockpile reserves are
reported separately where tonnage or contained metal is greater
than 5% of the total site-reported reserves. (5) Percentage
reflects Newmont's economic interest in remaining reserves. (6)
Deposit is undeveloped. Newmont announced the acquisition of an
additional 22.22% equity interest on February 12, 2006, which will
increase Newmont's equity ownership to 66.67%. (7) Golden Grove was
sold in July 2005. COPPER NON-RESERVE MINERALIZATION Equity Copper
Mineralized Material Not in Reserves(1) December 31, 2005 Copper
Measured Copper Indicated Material Material Newmont
Deposits/Districts Share Tonnage Grade Tonnage Grade (000 tons)
(Cu%) (000 tons) (Cu%) Phoenix, Nevada 100% 0 20,600 0.11% Conga,
Peru 51.35% 0 58,000 0.18% Batu Hijau, Indonesia(2) 52.875% 10,100
0.30% 47,600 0.31% Boddington, Western Australia(3) 44.44% 7,200
0.08% 63,500 0.08% TOTAL NEWMONT 17,300 0.21% 189,700 0.17% Equity
Copper Mineralized Material Not in Reserves(1) December 31, 2005
Copper Measured + Copper Inferred Indicated Material Material
Deposits/Districts Tonnage Grade Tonnage Grade (000 tons) (Cu%)
(000 tons) (Cu%) Phoenix, Nevada 20,600 0.11% 15,200 0.17% Conga,
Peru 58,000 0.18% 79,000 0.17% Batu Hijau, Indonesia(2) 57,700
0.31% 25,600 0.27% Boddington, Western Australia(3) 70,700 0.08%
158,600 0.09% TOTAL NEWMONT 207,000 0.18% 278,400 0.14% (1)
Mineralized material is calculated at a copper price of US$1.10 or
A$1.47 per pound. 2004 mineralized material was calculated at a
copper price of US$1.00 or A$1.50 per pound. Tonnage amounts have
been rounded to the nearest 100,000. (2) Percentage reflects
Newmont's economic interest in remaining mineralized material. (3)
Deposit is currently undeveloped. Newmont announced the acquisition
of an additional 22.22% equity interest on February 12, 2006, which
will increase Newmont's equity ownership to 66.67%. 2005 INCOME
ANALYSIS Impact of the following transactions 2005 2004 (after-tax)
$ Million EPS $ Million EPS Income from continuing operations $374
$0.84 $453 $1.02 - Gain on sale of assets $56 $0.13 $10 $0.02 -
Loss on write-down of long-lived assets ($26) ($0.06) ($17) ($0.04)
- Loss on write-down of goodwill ($41) ($0.09) ($52) ($0.12) - Loss
on write-down of Kinross -- -- ($32) ($0.07) - Loss on write-down
of Ovacik -- -- ($16) ($0.03) - Gain on receivable valuation
allowance $6 $0.01 -- -- - Buyat Bay litigation and settlement
($30) ($0.06) -- -- - (Loss)/gain on reclamation revisions ($22)
($0.05) $10 $0.02 - Loss on Nevada waste dump slide ($4) ($0.01) --
-- - Gain on various tax items $27 $0.06 $62 $0.14 OPERATING
STATISTICS SUMMARY Australia/ Three months ended Nevada Yanacocha,
Peru New Zealand December 31, 2005 2004 2005 2004 2005 2004 Gold
Summary Ounces sold (000) 651.9 702.7 1,062.9 849.1 397.0 473.2
Equity ounces sold (000) 606.2 668.2 545.8 436.0 397.0 473.2 Cost
applicable to sales (in millions) $222 $191 $154 $111 $125 $138
Cost applicable to sales per ounce $340 $271 $145 $132 $315 $292
Depreciation and amortization (in millions) $32 $31 $57 $47 $31 $32
Depreciation and amortization per ounce $49 $44 $53 $55 $79 $67
Batu Hijau, Three months ended Indonesia Other(1) Total December
31, 2005 2004 2005 2004 2005 2004 Gold Summary Ounces sold (000)
180.9 178.9 144.0 103.8 2,436.7 2,307.7 Equity ounces sold (000)
95.7 94.6 138.1 103.1 1,782.8 1,775.1 Cost applicable to sales (in
millions) $29 $24 $31 $23 $561 $487 Cost applicable to sales per
ounce $161 $135 $214 $219 $230 $211 Depreciation and amortization
(in millions) $9 $8 $9 $6 $138 $124 Depreciation and amortization
per ounce $47 $44 $62 $56 $56 $54 Average realized price per ounce
$472 $436 (1) Includes Golden Giant, Canada; La Herradura, Mexico;
Kori Kollo, Bolivia and Zarafshan, Uzbekistan. Australia/ Year
ended Nevada Yanacocha, Peru New Zealand December 31, 2005 2004
2005 2004 2005 2004 Gold Summary Ounces sold (000) 2,444.1 2,538.0
3,327.5 3,039.9 1,600.5 1,887.6 Equity ounces sold (000) 2,287.2
2,416.0 1,708.7 1,561.0 1,600.5 1,887.6 Cost applicable to sales
(in millions) $807 $716 $487 $432 $508 $528 Cost applicable to
sales per ounce $333 $282 $147 $142 $317 $280 Depreciation and
amortization (in millions) $124 $127 $205 $198 $118 $126
Depreciation and amortization per ounce $51 $50 $62 $65 $74 $67
Batu Hijau, Indonesia Other(1) Total Year ended December 31, 2005
2004 2005 2004 2005 2004 Gold Summary Ounces sold (000) 720.5 715.2
459.4 648.2 8,552.0 8,828.9 Equity ounces sold (000) 381.0 396.3
448.1 640.8 6,425.5 6,901.7 Cost applicable to sales (in millions)
$109 $91 $106 $143 $2,017 $1,910 Cost applicable to sales per ounce
$152 $128 $229 $220 $236 $216 Depreciation and amortization (in
millions) $34 $28 $29 $47 $509 $526 Depreciation and amortization
per ounce $47 $39 $63 $73 $60 $60 Average realized price per ounce
$441 $412 (1) 2005 and 2004 include Golden Giant, Canada; La
Herradura, Mexico; Kori Kollo, Bolivia and Zarafshan, Uzbekistan.
2004 also includes Minahasa, Indonesia and Ovacik, Turkey. Three
months ended Year ended December 31, December 31, Copper Summary
2005 2004 2005 2004 Pounds sold (000) 128,691 164,255 572,749
683,279 Equity pounds sold (000) 68,045 86,850 302,841 378,801 Cost
applicable to sales (in millions) $76 $78 $303 $305 Cost applicable
to sales per pound $0.60 $0.48 $0.53 $0.45 Depreciation and
amortization (in millions) $21 $24 $87 $90 Depreciation and
amortization per pound $0.16 $0.15 $0.15 $0.13 Average realized
price per pound $1.67 $1.39 $1.45 $1.33 GOLD PRODUCTION -
OPERATIONS Yanacocha, Batu Hijau, Nevada Peru Indonesia Three
months ended December 31, 2005 2004 2005 2004 2005 2004 Tons Mined
(000 dry short tons): Open-Pit 49,536 48,298 53,062 45,112 51,985
63,548 Underground 475 482 n/a n/a n/a n/a Tons Milled/Processed
(000): Oxide 1,581 1,436 n/a n/a n/a n/a Refractory 2,607 2,444 n/a
n/a 11,763 14,424 Leach 5,740 5,018 36,216 31,435 n/a n/a Average
Ore Grade (oz/ton): Oxide 0.103 0.113 n/a n/a n/a n/a Refractory
0.184 0.217 n/a n/a 0.016 0.014 Leach 0.021 0.034 0.028 0.029 n/a
n/a Average Mill Recovery Rate: Oxide 73.7% 79.3% n/a n/a n/a n/a
Refractory 88.2% 91.6% n/a n/a 80.6% 80.6% Ounces Produced (000):
Oxide 95.0 130.9 n/a n/a n/a n/a Refractory 440.8 488.0 n/a n/a
156.9 172.7 Leach 80.2 84.7 1,064.4 847.3 n/a n/a Total 616.0 703.6
1,064.4 847.3 156.9 172.7 Ounces Sold (000): 651.9 702.7 1,062.9
849.1 180.9 178.9 Equity Ounces Produced (000): 570.2 669.1 546.6
435.1 82.9 91.3 Equity Ounces Sold (000) 606.2 668.2 545.8 436.0
95.7 94.6 Production Costs Per Ounce: Direct mining and production
costs $336 $258 $148 $133 $150 $144 Capitalized mining and other
(4) 5 (8) (6) (1) (18) Royalties and production taxes 7 6 3 3 10 8
Reclamation and mine closure costs 1 2 2 2 2 1 Costs applicable to
sales 340 271 145 132 161 135 Depreciation and amortization 49 44
53 55 47 44 Total production costs $389 $315 $198 $187 $208 $179
GOLD PRODUCTION - OPERATIONS (CONTINUED) Yanacocha, Batu Hijau,
Year ended Nevada Peru Indonesia December 31, 2005 2004 2005 2004
2005 2004 Tons Mined (000 dry short tons): Open-Pit 193,565 192,821
218,933 193,407 225,838 235,455 Underground 1,727 1,683 n/a n/a n/a
n/a Tons Milled/Processed (000): Oxide 5,645 4,626 n/a n/a n/a n/a
Refractory 9,877 8,985 n/a n/a 50,210 54,243 Leach 21,660 17,356
146,645 133,514 n/a n/a Average Ore Grade (oz/ton): Oxide 0.108
0.125 n/a n/a n/a n/a Refractory 0.183 0.199 n/a n/a 0.018 0.016
Leach 0.024 0.029 0.028 0.025 n/a n/a Average Mill Recovery Rate:
Oxide 75.1% 79.1% n/a n/a n/a n/a Refractory 89.6% 90.8% n/a n/a
80.7% 80.9% Ounces Produced (000): Oxide 405.2 461.2 n/a n/a n/a
n/a Refractory 1,671.3 1,666.7 n/a n/a 731.8 718.8 Leach 357.1
332.5 3,333.1 3,017.3 n/a n/a Total 2,433.6 2,460.4 3,333.1 3,017.3
731.8 718.8 Ounces Sold (000): 2,444.1 2,538.0 3,327.5 3,039.9
720.5 715.2 Equity Ounces Produced (000): 2,276.7 2,338.5 1,711.5
1,549.4 386.9 398.5 Equity Ounces Sold (000) 2,287.2 2,416.0
1,708.7 1,561.0 381.0 396.3 Production Costs Per Ounce: Direct
mining and production costs $346 $297 $150 $144 $146 $110
Capitalized mining and other (23) (22) (8) (6) (5) 9 Royalties and
production taxes 8 5 3 2 9 8 Reclamation and mine closure costs 2 2
2 2 2 1 Costs applicable to sales 333 282 147 142 152 128
Depreciation and amortization 51 50 62 65 47 39 Total production
costs $384 $332 $209 $207 $199 $167 GOLD PRODUCTION - AUSTRALIA/NEW
ZEALAND Pajingo Jundee Tanami Three months ended December 31, 2005
2004 2005 2004 2005 2004 Tons Mined (000 dry short tons) 147 181
2,124 662 504 492 Tons Milled/Processed (000) 159 208 661 624 773
1,157 Average Ore Grade (oz/ton) 0.342 0.343 0.157 0.155 0.146
0.142 Average Mill Recovery Rate 96.5% 96.3% 92.5% 93.4% 94.6%
95.6% Ounces Produced (000) 50.9 69.5 92.2 88.5 107.3 156.3 Ounces
Sold (000) 51.0 69.4 92.9 88.3 108.2 152.2 Equity Ounces Produced
(000) 50.9 69.5 92.2 88.5 107.3 156.3 Equity Ounces Sold (000) 51.0
69.4 92.9 88.3 108.2 152.2 Production Costs Per Ounce: Direct
mining and production costs $245 $226 $261 $250 $309 $301
Capitalized mining and other (6) (5) (1) (1) 3 27 Royalties and
production taxes 18 12 12 10 28 22 Reclamation and mine closure
costs 2 1 4 3 4 2 Costs applicable to sales 259 234 276 262 344 352
Depreciation and amortization 127 137 83 59 77 58 Total production
costs $386 $371 $359 $321 $421 $410 Kalgoorlie Martha Three months
ended December 31, 2005 2004 2005 2004 Tons Mined (000 dry short
tons) 11,772 11,431 534 518 Tons Milled/Processed (000) 1,768 1,870
318 349 Average Ore Grade (oz/ton) 0.057 0.069 0.129 0.121 Average
Mill Recovery Rate 81.7% 85.7% 93.6% 91.0% Ounces Produced (000)
109.5 124.2 34.6 39.3 Ounces Sold (000) 109.4 123.1 35.5 40.2
Equity Ounces Produced (000) 109.5 124.2 34.6 39.3 Equity Ounces
Sold (000) 109.4 123.1 35.5 40.2 Production Costs Per Ounce: Direct
mining and production costs $453 $295 $256 $269 Capitalized mining
and other (82) (9) (55) (69) Royalties and production taxes 7 11 --
-- Reclamation and mine closure costs 3 3 3 3 Costs applicable to
sales 381 300 204 203 Depreciation and amortization 49 36 96 93
Total production costs $430 $336 $300 $296 Pajingo Yandal(1) Tanami
Year ended December 31, 2005 2004 2005 2004 2005 2004 Tons Mined
(000 dry short tons) 629 652 14,307 6,982 2,049 11,654 Tons
Milled/Processed (000) 659 809 2,562 2,821 4,081 4,525 Average Ore
Grade (oz/ton) 0.303 0.300 0.145 0.133 0.125 0.149 Average Mill
Recovery Rate 96.6% 96.5% 92.2% 92.9% 94.8% 95.3% Ounces Produced
(000) 193.0 241.1 341.6 354.7 487.5 640.0 Ounces Sold (000) 192.0
251.4 341.8 379.3 493.7 658.0 Equity Ounces Produced (000) 193.0
241.1 341.6 354.7 487.5 640.0 Equity Ounces Sold (000) 192.0 251.4
341.8 379.3 493.7 658.0 Production Costs Per Ounce: Direct mining
and production costs $289 $227 $315 $266 $301 $245 Capitalized
mining and other (5) (3) 5 -- 3 24 Royalties and production taxes
15 11 11 9 20 24 Reclamation and mine closure costs 2 1 4 4 4 2
Costs applicable to sales 301 236 335 279 328 295 Depreciation and
amortization 130 125 80 71 67 58 Total production costs $431 $361
$415 $350 $395 $353 Kalgoorlie Martha Year ended December 31, 2005
2004 2005 2004 Tons Mined (000 dry short tons) 45,603 45,459 2,125
4,142 Tons Milled/Processed (000) 7,314 7,142 1,277 1,405 Average
Ore Grade (oz/ton) 0.067 0.072 0.140 0.102 Average Mill Recovery
Rate 85.6% 86.7% 93.0% 90.4% Ounces Produced (000) 409.4 453.2
163.5 129.7 Ounces Sold (000) 409.6 468.4 163.4 130.5 Equity Ounces
Produced (000) 409.4 453.2 163.5 129.7 Equity Ounces Sold (000)
409.6 468.4 163.4 130.5 Production Costs Per Ounce: Direct mining
and production costs $363 $279 $229 $292 Capitalized mining and
other (25) 8 (55) (80) Royalties and production taxes 11 10 -- --
Reclamation and mine closure costs 3 4 3 3 Costs applicable to
sales 352 301 177 215 Depreciation and amortization 42 35 97 106
Total production costs $394 $336 $274 $321 (1) 2005 includes
Jundee. 2004 includes Jundee and Bronzewing. GOLD PRODUCTION -
OTHER Golden Giant, La Herradura, Canada Mexico Three months ended
December 31, 2005 2004 2005 2004 Tons Mined (000 dry short tons)
172 135 3,038 3,049 Tons Milled/Processed (000): Leach n/a n/a 717
1,038 Mill 176 138 n/a n/a Average Ore Grade (oz/ton) 0.309 0.295
0.031 0.025 Average Mill Recovery Rate 95.2% 95.6% n/a n/a Ounces
Produced (000) 45.9 41.7 19.0 17.4 Ounces Sold (000) 46.0 41.6 19.0
17.4 Equity Ounces Produced (000) 45.9 41.7 19.0 17.4 Equity Ounces
Sold (000) 46.0 41.6 19.0 17.4 Production Costs Per Ounce: Direct
mining and production costs $271 $301 $263 $140 Capitalized mining
and other 2 2 (42) (23) Royalties and production taxes 1 3 -- --
Reclamation and mine closure costs 3 2 2 1 Costs applicable to
sales 277 308 223 118 Depreciation and amortization 54 53 80 65
Total production costs $331 $361 $303 $183 Kori Kollo, Zarafshan,
Bolivia Uzbekistan Three months ended December 31, 2005 2004 2005
2004 Tons Mined (000 dry short tons) 5,305 n/a n/a n/a Tons
Milled/Processed (000): Leach 4,391 n/a 2,007 1,965 Mill n/a n/a
n/a n/a Average Ore Grade (oz/ton) 0.014 n/a 0.035 0.037 Average
Mill Recovery Rate n/a n/a n/a n/a Ounces Produced (000) 46.6 5.7
30.5 38.9 Ounces Sold (000) 49.4 5.6 29.6 39.2 Equity Ounces
Produced (000) 41.0 5.0 30.5 38.9 Equity Ounces Sold (000) 43.5 4.9
29.6 39.2 Production Costs Per Ounce: Direct mining and production
costs $120 $224 $220 $153 Capitalized mining and other (5) (22) 4 4
Royalties and production taxes 23 18 -- -- Reclamation and mine
closure costs 7 47 2 2 Costs applicable to sales 145 267 226 159
Depreciation and amortization 47 60 86 55 Total production costs
$192 $327 $312 $214 Golden Giant, La Herradura, Kori Kollo, Canada
Mexico Bolivia Year ended December 31, 2005 2004 2005 2004 2005
2004 Tons Mined (000 dry short tons) 576 515 13,181 11,557 14,055
n/a Tons Milled/Processed (000): Leach n/a n/a 3,510 4,149 12,712
n/a Mill 581 519 n/a n/a n/a n/a Average Ore Grade (oz/ton) 0.298
0.309 0.029 0.026 0.013 n/a Average Mill Recovery Rate 95.7% 95.2%
n/a n/a n/a n/a Ounces Produced (000) 161.8 160.0 80.2 68.8 97.4
25.2 Ounces Sold (000) 162.0 160.0 80.2 68.8 94.5 24.6 Equity
Ounces Produced (000) 161.8 160.0 80.2 68.8 85.7 25.2 Equity Ounces
Sold (000) 162.0 160.0 80.2 68.8 83.2 21.7 Production Costs Per
Ounce: Direct mining and production costs $291 $291 $212 $154 $140
$255 Capitalized mining and other 1 2 (30) (8) (8) 83 Royalties and
production taxes 1 3 -- -- 21 17 Reclamation and mine closure costs
3 2 2 1 14 43 Costs applicable to sales 296 298 184 147 167 398
Depreciation and amortization 67 71 63 73 40 93 Total production
costs $363 $369 $247 $220 $207 $491 Minahasa, Zarafshan, Ovacik,
Indonesia Uzbekistan Turkey Year ended December 31, 2005 2004 2005
2004 2005 2004 Tons Mined (000 dry short tons) n/a n/a n/a n/a n/a
4,659 Tons Milled/Processed (000): Leach n/a n/a 7,676 7,894 n/a
n/a Mill n/a 441 n/a n/a n/a 331 Average Ore Grade (oz/ton) n/a
0.158 0.035 0.042 n/a 0.320 Average Mill Recovery Rate n/a 90.5%
n/a n/a n/a 95.4% Ounces Produced (000) -- 63.8 124.0 205.0 --
104.8 Ounces Sold (000) -- 74.7 122.7 210.1 -- 110.0 Equity Ounces
Produced (000) -- 59.9 124.0 205.0 -- 104.8 Equity Ounces Sold
(000) -- 70.2 122.7 210.1 -- 110.0 Production Costs Per Ounce:
Direct mining and production costs n/a $249 $214 $150 n/a $202
Capitalized mining and other n/a 5 2 2 n/a (11) Royalties and
production taxes n/a 8 -- -- n/a 14 Reclamation and mine closure
costs n/a 4 2 2 n/a 3 Costs applicable to sales n/a 266 218 154 n/a
208 Depreciation and amortization n/a 32 76 49 n/a 143 Total
production costs n/a $298 $294 $203 n/a $351 COPPER PRODUCTION -
BATU HIJAU Three months ended Year ended December 31, December 31,
Batu Hijau, Indonesia 2005 2004 2005 2004 Total tons mined (000)
51,985 63,548 225,838 235,455 Dry tons processed (000) 11,763
14,424 50,210 54,243 Average copper grade 0.61% 0.67% 0.69% 0.75%
Average recovery rate 85.0% 84.7% 86.7% 87.8% Copper produced (000
lbs) 120,790 170,919 596,006 716,939 Copper sold (000 lbs) 128,691
164,255 572,749 683,279 Equity copper produced (000 lbs) 63,868
90,373 315,138 397,510 Equity copper sold (000 lbs) 68,045 86,850
302,841 378,801 Production Costs Per Pound: Direct mining and
production costs $0.52 $0.47 $0.47 $0.36 Capitalized mining and
other 0.04 (0.02) 0.04 0.06 Royalties and production taxes 0.03
0.03 0.02 0.03 Reclamation and mine closure costs 0.01 -- -- --
Costs applicable to sales 0.60 0.48 0.53 0.45 Depreciation and
amortization 0.16 0.15 0.15 0.13 Total production costs $0.76 $0.63
$0.68 $0.58 Smelting, refining and freight costs (in millions) $48
$31 $161 $121 GOLD HEDGE POSITION - AS OF DECEMBER 31, 2005 CURRENT
MATURITY SUMMARY(1)(3) (000 ounces) Gold Put Option Price Capped
Contracts Contracts Years Ozs Price(2) Ozs Price(2) 2006 100 $338
-- -- 2007 20 $397 -- -- 2008 -- -- 1,000 $384 2009 -- -- 600 $381
2010 -- -- -- -- 2011 -- -- 250 $392 Total/Average 120 $348 1,850
$384 Notes: (1) For more detailed descriptions, definitions and
explanations, refer to the Company's Annual Report on Form 10-K for
the year ended December 31, 2005. (2) Prices quoted are gross
contract prices, which represent the gross cash flow per ounce of
each contract. Not included in these prices are the additional cash
outflows associated with borrowing gold over the life of the
contract where the contracts are floating in nature. The rate at
which gold is borrowed is determined over the life of the contract
based on the prevailing market gold lease rate for the time period
that the borrowing is fixed. The borrowing can be fixed for varying
periods over the life of the contract. (3) In addition to the gold
hedge positions shown in the table above, the Company entered into
a prepaid forward gold sales contract in July 1999, which is
reflected as debt on the Company's consolidated balance sheets.
Under the prepaid forward gold sales contract, the Company
delivered its first of three annual installments of 161,111 ounces
of gold in June 2005. For more detailed descriptions, definitions
and explanations, refer to the Company's Annual Report on Form 10-K
for the year ended December 31, 2005. The Company's fourth quarter
earnings conference call and web cast presentation will be held on
February 27, 2006 beginning at 4:00 p.m. Eastern Time (2:00 p.m.
Mountain Time). To participate: Dial-In Number: 210-234-0000
Leader: Randy Engel Password: Newmont The conference call will also
be simultaneously carried on our web site at
http://www.newmont.com/ under Investor Information/Presentations
and will be archived there for a limited time. Cautionary Statement
This news 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,
that are intended to be covered by the safe harbor created by such
sections. Such forward-looking statements include, without
limitation, (i) estimates of future gold and copper production and
sales; (ii) estimates of future costs applicable to sales; (iii)
estimates of future capital expenditures, royalty and dividend
income, tax rates and expenses; (iv) estimates regarding timing of
future development, construction, production or closure activities;
(v) statements regarding future exploration results and the
replacement of reserves; and (vi) statements regarding cost
structure and competitive position. 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, forward-looking 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 such 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 in the countries in
which we operate, and governmental regulation and judicial
outcomes. For a more detailed discussion of such risks and other
factors, see the Company's 2004 Annual Report on Form 10-K, which
is on file 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," 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.
END FIRST AND FINAL ADD First Call Analyst: FCMN Contact:
Seth.Foreman@Newmont.com DATASOURCE: Newmont Mining Corporation
CONTACT: Investors, Randy Engel, +1-303-837-6033, , or John
Gaensbauer, +1-303-837-5153, , or Jennifer Van Dinter,
+1-303-837-5165, , or Media, Deb Witmer, +1-303-837-5308, , or
Heatheryn Higgins, +1-303-837-5248, , or Maureen Upton,
+1-303-837-5281, , all of Newmont Mining Corporation Web site:
http://www.newmont.com/
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